Quote from: Harley997 on July 04, 2014, 06:10:10 PM

Quote from: slimus on July 04, 2014, 01:03:43 AM

Quote from: boumalo on July 03, 2014, 02:51:58 PM

Quote from: slimus on July 03, 2014, 02:03:25 PM

Quote from: binks1 on June 18, 2014, 02:35:33 AM

Hi,

I have a question, but please direct me to a post if already asked:

In case of another GFC, would BTC bitcoin price:

a) stays on the same level Cool

b) skyrockets Grin

c) tumble down Cry

?

In a case of global financial crise, as the 2008 one, the price of each and every financial asset and commodities will go down (oil will go down, stocks, precious metal, and also bitcoin). In such a scenario the only safe haven will be cash and money market securities. (all the rest will crash)

However government will never let it happen, and they are ready to print even more in order to avoid this situation.

Gold went up from the dotcom bubble explosion to 2012; if we see hyper inflation most commodities will increase in nominal terms
The crisis that is coming will not destroy all wealth, it will redistribute the cards and some will come out on top

You re right, but this happened after the the dotcom bubble explosion, when the FED decided to decrease it's interest rates. However during the crises, Gold and commodities prices went down. It was the same scenario for the 2008 crises. During the 2008 crises all prices went down (deflationary process), after the FED lunched its QE, prices started going up (inflationary process).

It really depends on how bad the crisis is. If it is the scale of what we saw in 2008 (in the tens of trillions of dollars) then bitcoin price would likely fall. If it is a much more modest crisis then it could potentially rise.

In order to see the price of bitcoin, gold and all commodities goes up, we need the dollar's price (or value) to go down. In other words : inflation. With QE infinity, the world is heading towards inflation !. So good news for US Cheesy