You are viewing a single comment's thread from:

RE: How Would a Financial Crisis Affect Cryptocurrencies?

in #cryptocurrency7 years ago

Thanks for letting us know your thoughts on the matter. You've highlighted some amazing points in not the short term and long term, definitely changing my mind in terms of the implications of a financial crisis in the near future. I would've thought that simple supply and demand mechanics would cause crypto to moon, however you've raised the immediate need for fiat currency to purchase necessities being more important than an investment in cryptocurrencies and that's a really good point you raise. That being said, a cryptocurrency investment should be for the long run, and if you invest in a technology that solves a problem, when you check back on your investment 5, 10, 15 years from today, I'm sure you would've made a pretty penny. If there's a better alternative to fiat currency, in the long term, it will always win regardless of any government regulations and attempts to centralise.