Do you think an economic crisis is coming?
I know many people in cryptos as a possible "insulator" against a coming crash. What are your thoughts? Might cryptos also crash? Caller asked me about this
I know many people in cryptos as a possible "insulator" against a coming crash. What are your thoughts? Might cryptos also crash? Caller asked me about this
The revolution has stated and the downfall of the American Dollar has begun a monumental shift in economic powers. The jester in the card game here though is the advent of the uprise of cryptocurrencies, their inherent powers and the value they have already gathered over the passed nine years.
Certain regions of the globe will be more affected than other and the one already using cryptos will be a lot better off, so will the areas where their fiat will keep their value longer allowing them to sustain the transfer of economic powers from fiat to cryptos. Only the ares where there is not internet will still be using some form of fiat and good ol'trading!
Great opportunity for sharing, thanks a lot for this post! Namaste :)
I do agree with you there.
However, on the other hand, i would ask differently: have crisis ever stopped? Nop, and not meant to do so at all. It is a cycle in which each time someone who has it "under control" uses it to "makes money".
But whether the Crypto-currencies are the solution fingers crossed. The market cap for crypto is still too small to substitute the dollar, yet ;). At least it is decentralised so nobody will start a war against a dollar competition.
ahh economics....
It's not a question of if but when. Just look at the history of modern societies.
I think crypto will not crash.. however may be some bearish trend can come. Crypto is the future of the world, it will not crash
@davidpakman about crypto cool
I think in all cases people have to be smart with their investments and not put all of their eggs in one basket. I think long-term, the crypto's built around platforms like Steemit will outlive those purely for trading. There will simply be more value in having a system instead of just a coin. However, as long as supply and demand maintains and demand doesn't dry up...I don't see the industry as a whole just falling off a cliff. People see that there's too much money to be made here. I don't think blockchain technology is going anywhere. Certain coins may die though
The stock market isn't poised to crash anytime soon (except for the flash crash that will occur when Wall Street figures out they're not safe from Trump's destructive flagellations), and while crypto will be a rougher ride, it's still in a general upward trend as it comes into its potential.
However, most cryptocurrencies are like precious metals in that they're inherently more crash-prone than fiat currency. With fiat currency, there are monetary authorities that can take policy actions to stabilize price fluctuations and prevent inflationary and deflationary spirals.
With something like gold or bitcoin, there is very little (transaction fees, mining effort, but look how little they seem to matter to price!) to arrest the self-reinforcing ascent, where everybody buys and holds, since the price is rising, and since few are selling, the price continues to rise.
But there is also very little to soften the inevitable self-reinforcing descent, where everybody sells, and since few are buying, the price continues to drop, causing more people sell in order to keep from going bust.
If you're afraid of a crash of some kind, invest in assets, not currency, that will keep their value in such cases.
I think you are bang on saying "overvalued" is a relative term. Being from Canada we have very similar high housing values popping up in places like Toronto and Vancouver, i.e. what you get for your money is fairly sparse. However this is one of the first times we have thought of Cryptos in a similar "overvalued" sense. There is likely much problem with the debt loads that North Americans tend to carry in terms of the economics than property or stocks or cryptos being severely overvalued.
There will be NO stock market crash. The DOW is going to 30k and beyond. Bitcoin is going to $20k and BEYOND. People have nowhere to put their money in. Gold will be going down.
CYPTO IS FUTURE......................
Governments need to adapt to cryptocurrency now!
https://steemit.com/cryptocurrency/@xsid/keep-moving-or-die-governments-will-need-to-adapt-to-cryptocurrency
they really should. but i heard some counties are adapting it slowly...