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?
