Big picture crypto strategy thread: pajeets, NEETs, skinheads, and other low IQ trash not welcome.
According to my models, crypto is going to be in a sideways accumulation phase for the rest of 2019, after 2018's blowoff phase. In October/November 2019 we will see the market gradually begin to trend upward again, followed by large gains in 2020 and 2021.
There is previous precedent where the 2012-2013 European debt crisis caused bitcoin to moon as people lost confidence in banks and began to search for a safe haven for their money. That was only a relatively minor crisis and yet it made bitcoin increase 100x in value. Since bitcoin was created in 2009, arguably in response to the previous financial crisis, we have yet to see what will happen to crypto in a full-scale global financial crisis.
I have reason to believe that a financial crisis within the next 1-2 years will be the catalyst for one of the largest bull runs in crypto to date. The early warning signs of a global recession are already appearing (inverted bond yield curves, slowing growth), and now it is only a matter of time before the crisis hits.
I expect that cryptocurrencies which remove trust in financial institutions will experience the greatest gains. We may also see a pile-on effect as financial institutions attempt to regain trust by adopting cryptocurrencies.
Sounds more or less like the ideal outcome, yeah. Not so sure how many people will change to crypto tho.
2020 won't be that much gains imo more 21 and 22
Jayden White
show us your models fren. im interested and also think this is a strong possibility - these posts remind me of biz pre 2017.
t. eth holder since $20
Joshua Garcia
I need to spend hundreds of hours reading zerohedge like I did in 2008-2010 to properly calibrate my doom-goggles, but it seems plausible.
what mean if most of ethereum’s alt-finance strategies are centered around DAI but fiat is in trouble? will the USD be the cleanest-dirty-shirt again, or will it take a body blow? does the gold in the NY fed and knox exist? will a punishing recession tamp inflation, or will the effect of those balance sheets finally be unleashed?
truly decentralised SoV are few and far between, I am mostly concentrating on BTC and XTZ.
Luke Hall
I should note...no longer holding eth. kek. got rid of it in January
t. $5 BTC buyer and holder, thanks Austrian school!
Nathan Powell
So buy trustless crypto? Hmm... On it!
Jayden Sanchez
playing devil's advocate. why would BTC price rise as people are being laid off/unable to pay bills due to a global financial crisis? internet money> food/bills? really?
Not everyone goes straight bankrupt, you know. There's some foresight some people might have
Angel Wood
Personally, I think fiat will survive mostly unharmed, but during the crisis trust in banks will be severely shaken for a while.
It would essentially be a bank run as people try to move their savings to safe havens. It may also be self-reinforcing, since as more people cash out due to worries about the traditional financial system, the price of crypto will be rising in comparison, causing FOMO.
David Adams
I can wait one more year for another mega bull run, but no longer. I have a good job but I see the writing on the wall. I'm using my excess cash to pile up link and a little eth.
I feel that I should be buying some btc but all of the forks have made me nervous. I have no idea which of the multiple btcs will moon. Shit, I have no idea why they split in the first place. Its too much for me to follow, but I am quite certain at least one of the btcs will skyrocket on namesake alone. Can anyone add insight?
Lincoln Evans
i.e. buy LINK? thx, just market bought 2 million
Matthew Bell
Fuck off.
Carson Thomas
So which is the optimal portfolio allocation? Which coins should I actually accumulate? BTC is a given. Should I add any others? Maybe ETH? Anything else?
Nathan Jones
>I have no idea which of the multiple btcs will moon
>I have reason to believe that a financial crisis within the next 1-2 years will be the catalyst for one of the largest bull runs in crypto to date stopped reading there. People will exit crypto en masse if a real happening occurs. Nobody is going to hold their shitcoins when they can’t pay rent or eat. Institutes also sell off their underperforming, speculative bags (like bitcoin) when times get tough.
satoshi creating Bitcoin in 2008 was pretty much a coincidence. The community was working on electronic cash for several years before that, during the stock and real estate bull runs.
Also BTC didn’t moon until 2017 at the top of a 10 year global market bull run catalyzed by 0 interest rates and QE. It’s absolutely correlated. The normies buying had enough spending money to gamble on crypto because of the booming economy. It’s much much more likely that Bitcoin goes to zero during a financial catastrophe than during a good economy.
Delusional, nothing will stop the stock market bullrun
Carson Gray
actually no the bull run was triggering by the BTC halvening and Eth ICO craze. there will always be schmucks who have extra cash.
>booming economy. sure...whatever you wanna believe trumptard.
Blake Ross
>According to my models What happened to "no low IQ trash"?
Carson Foster
if the dollar becomes worthless then people will still need some form of currency. crypto at this point will be q good replacement. now which crypto? btc is slow and bloated. the government could make crypto illegal and thus an anonymous crypto is better. im thinking xmr but its ease of use with normies isnt too great. all crypto will moon if the dollar goes to 5 cents eoy. trump wont cause that but a super socialist president like aoc would
Zachary Roberts
I saw a pretty good real vision interview on YouTube where this dude was saying the dollar is going to basically get pumped the fuck up he next few years as the rest of the world essentially gets fucked over. Euro cucks, Ching chonkers, indians, South Americans will be looking for a safe haven. Ever wonder why these big companies seem so interested in stable coins?
Camden Hill
>The early warning signs of a global recession are already appearing (inverted bond yield curves, slowing growth)
Can OP or someone else explain this in more detail. I wanna learn the signs but don't know much about economic lingo
Christian Morgan
Sittin' sideways, boys in a daze
Angel Gray
I think you are right, which is why I am putting in 50% of my income this year into a crypto index fund consisting of the top 5 legit projects (bitcoin/eth/ltc/dash/maker), as I see them.
Michael Smith
Except NEETs are high IQ though.
Hunter Diaz
Anyone have a rough estimate on when this recession will hit?
Elijah Edwards
no and anyone that says they do is trying to sell you something
Wyatt Adams
this is extremely optimistic. You're assuming that people will latch onto a very sketchy speculative asset in a financial crisis. I argue that crypto booms when people want to SPEND.
An ordinary economic collapse/decline will not cause a boom. It has to be a fiat devaluation/inflationary event. Like in venezuela. That's one of the few times when bitcoin looks better than fiat.
Nobody knows when this will happen, it could be a decade or more. All the people telling themselves "I'm gonna make it" are retarded. They'll be lucky if their altcoins even EXIST when the next pump takes place.
Jordan Perez
>They'll be lucky if their altcoins even EXIST when the next pump takes place. What about BTC? ETH?
Colton Barnes
>arguably in response to the previous financial crisis
It's not even 'arguably' it was in the fucking Bitcoin white paper you clueless mongoloid. Your 'models' fucking kek get the hell out of my board you little skid mark.
Josiah Russell
>btc >an altcoin There's been a bunch of newfags and newfag threads lately, something smells fishy.
Nah, just all of a sudden new people are here you know. I already know institutions are in crypto. Think someone posted a video here a while back where it talked about some of the big investment firms looking into bitcoin since like 2014.
Ian Morgan
>What are Jow Forums's thoughts on this scenario? The bullrun is right around the corner. Global fiat collapse + upcoming halving = golden bullrun. The hard part will be figuring out how to avoid getting slaughtered and how to safe your loved ones once ww3 hits and nukes start falling.
Elijah Davis
are you buying shares in a constituted index or buying some of each and "making your own "index?
Jonathan Sullivan
Fpbp
Gavin Garcia
You can have people lose faith temporarily in the banks without some retarded Jow Forums fantasy occurring.
John Gutierrez
bump
Adrian Garcia
>Death via nuclear hellfire >Fantasy
Cringe and bluepilled
Jordan Bailey
Next big crisis the paper money will be replace by some numeric shit and the monie will only be digital ( more control over monies) and the poor gets poor like never happened before.
Annnnd for all the nigger that said btc is slow just wait for LN you fucktard. I Paid something last friday and my debit card only worked on monday morning. 3 fucking days bitch asses. Btc is not as fast as other shitcoin but at least nobody owns the shit.
If yall motherfucker stopped talking about this linkshit or lto or whatever the fuck it is and focus on btc , we would be rich as fuck. But yeah keep going with your shit
