The next few moments are crucial

Unironically

What will happen if crypto holds during a massive economic recession?

Attached: 1520156826725.jpg (1024x1024, 83K)

bitcoin will probably do fine

People forget how Bitcoin even started.
There was an article a week ago titled "Equities and Crypto are tied together".
Made me want to an hero.

The whales are smart. They will slowly but surely pump it until the normie fomo keeps pumping the price and all the news will be how strong BTC is holding against the crisis. Then they will dump.

Not only it will hold.. but it might very well surge.

It's really not easy to buy actual gold, large fees and whatnot. Most people around the world can buy BTC with their cellphone and it makes it such a great refuge.

We might witness a paradigm shift in the next days/weeks.

Why would they do this.
user are you fucking retarded.
'Whales' I assume means big players with 1000+ BTC.
They are far more inclined to organically grow the space and allow corrections to stop short of crashes so that they can actually control this thing going into the next decade.
Why would they get rid of this market?
For money? Lol user we all have money here. Most people here I assume are millionaires after last year. We're not here to take part of an economy with fucking usd or warbonds that become worthless cycle after cycle.
we're trying to own a new one.

theyll probably do the exact opposite

dump it first, then pump

pretty sure the real whales want adoption. the exchanges are more interested in pump and dumps cause they make bank from fees

Dump it now and BTC never breaks 10k and institutions develop proprietary tech to go blockchain.
If this thing is capable of capturing institutional money then a bunch of chronic masturbaters on a japanese obsessed internet forum are going to look real fucking stupid hoping for a 1 tril crypto space.
stop thinking everybody wants to make (literally only - as in its not a lot of money) a billion bucks.

This, Bitcoin hasn't even started yet. It was created to supplant this kind of tomfoolery. When hyperinlfation happens, BTC is going to moon like never before. Not only will Mcaffee not eat his own dick, nocoiners will be forced to eat it over and over again.

I think they've done this with silver/gold right before the stocks started tumbling

Market going sideways might actually be a blessing in disguise since stability will make ppl fomo in.

If crypto holds then we enter a golden age.

yeah but blockchain isn't really anything besides some type of utility but what's that really mean if US dollars tank
no institution can create a bitcoin which is cool. bitcoin doesn't have to compete with that as long as it remains what it is

>develop proprietary tech to go blockchain.

It doesn't work that way. You cannot do this because proprietary tech means it will not hold the same value as universal tech. Its the key factor in how blockchain functions to be a store of value. Proprietary will just result in being able to buy a more shitty volatile company stock.

People aren't that stupid.
Calm before the storm.
Sucks for us that every retail investor who might have seen this last 60 days at 6k as a bullflag is already in crypto...
Literally everybody bullish is already in.
Institutional money or we're all fucked. Jeff Bezos could dump all his net worth and we wouldn't even break 10k.

I was looking into buying bitcoin after winning the megamillion
and 6 weeks of block rewards is like 450 million at current prices
it's amazing we've kept this price, something is brewing

Blockchains don't mean anything if nobody gives a shit.
We needed something loud like bitcoin to make assholes like me read stuff about things I knew nothing about and invest money (whatever that is) in it and focus on it for nearly 5 years.
Blockchain solves a problem because bitcoin demonstrated that there was one.
29999 btc being moved for 10 cents makes status quo banking look like highway robbery now doesn't it?
Oh you don't like paying 15$ for an equity trade? Or maybe you're sick of paying 600$ a year for a bank account?
Maybe you're one of 4 million people being audited by the IRS right now, and the fact Wells just handed them your shit pisses you off.
We don't know we have problems until we have solutions to them.
This shit is global, thank fuck for poor people.

crypto dies harder, you'll find out in a month

Do you know where your confirmations are being routed through?
the concept of everybody at home with a little GPU contributing to the big beautiful ecosystem is nice in theory but I filled a warehouse with half a million hashes of mining power and suddenly I own a percentage of the computational power of the VM that shouldn't be allowed.
Only guys i saw do anything about this were those Monero peeps that altered their algo so asic miners couldn't get Cryptonight specific.

asic is just a type of integrated circuit. If one was developed to mine monero then all of a sudden monero will be 51% attacked.

>Lol user we all have money here. Most people here I assume are millionaires after last year.
Is this post a joke?