What happens to crypto if economical crisis happens?
What happens to crypto if economical crisis happens?
Parker Lewis
Josiah Morales
Nobody's gonna have enough money left to buy your crypto bags user
Robert Butler
It’ll tank, obviously. People will horde dollars, which happen to be the most sought after currency in the world.
Blake Gomez
A global economic crisis will be the best thing that ever happened to crypto
Brayden Hernandez
>people will horde an inflationary asset which has a value only because the government says it does
Based retard
Angel Williams
That's a good question that I don't know the answer to. It also depends on the crisis. If it's used to facilitate capital flight from a country that's trying to prevent it then it could be good for crypto in the short term. If there's a global financial meltdown then it could be bad for crypto because less money is going into speculation.
Daniel Myers
This
>Governments/Central banks will do more QE, near 0 interest rate, more fiat floods the markets, crypto skyrockets
Wyatt Collins
>not understanding that 99% of the population is normie lemmings who flock to the familiar.
Dominic Bennett
Doesn’t matter. Look at Venezuela. Everyone is throwing their “”””money””””” into either stocks or crypto, because crypto is actually more stable than their native currency.
Everyone knows what bitcoin is now, so when a crisis comes along they’ll know where to go.
Noah Murphy
That’s because they have no direct access to USD. Why are you talking about shit you know nothing about? Just fuck off back to your shack, brainlet.
Camden Davis
2 da mun
Logan Bell
If there’s a crisis in the us in which the dollar saw a large spike in inflation there would be a similar reaction.
Jack Richardson
Long term, it will pave the way for global mass scale adoption.
Short term it will all go to shit and if you think otherwise you are a ducking delusional moonboy brainlet
Buy gold and silver THEN buy crypto at the bottom
Mason Harris
>Buy gold and silver
Ok grandpa
Matthew White
Obviously bitcoin will moon
Everything is digital nowadays, big companies won't be able to trade or keep working with gold, they will just jump into something that is tradeable and electronical, the big economical collapse is just the fiat collapse, the economical production will keep going if all the companies adopt something else
There is a chance though that the govt will try to confiscate crypto like if it were gold, which they can't so it would likely form a big bubble and a diamond gold run that would be unbelievable big
Noah Gonzalez
Guys just so you know this has already happened in the past! It's the reason for the massive jump in '13!
Anyone that doesn't think economic collapse is massively bullish for crypto is a newfag!
Tyler Campbell
>not hedging risks
imagine thinking you're going to make it
lol
Robert Reyes
You can hedge with things other than caveman currency
Brayden Myers
negative interest rates
Connor Nguyen
>The bear will leave its cave forever.
Nolan Allen
This