Sup anons, do you believe that crypto will skyrocket if/when major economies struggle/collapse?
some of my crypto mates subscribe to an idea that the collapse will be bad for everything while I think that it will collapse fiat currencies.
Sup anons, do you believe that crypto will skyrocket if/when major economies struggle/collapse?
some of my crypto mates subscribe to an idea that the collapse will be bad for everything while I think that it will collapse fiat currencies.
The collapse will benefit large cap coins. In particular I think Bitcoin will have significantly larger percentage increases than any of the boomer rocks.
It really depends on the cause to be quite honest. If it's a rush to exit markets and into cash I think crypto would suffer right along with everything else. If however it is a sector that is collapsing and people are fleeing into commodities, I think that would be a positive for crypto.
Like I said, it definitely will depend on the underlying causes.
Of course it won't skyrocket. Commodities are the first things to go in the case of collapse.
a deflation economy will screw everything up. Cash is king in this situation, i'm still thinking of where to park my money.
Everyone will probably dump crypto, but I'll be here and in the markets ready with my nigger dollars to scoop it up. That's the game. Otherwise I'd just buy silver and gold like a retard and bury it in my backyard.
bitcoin, monero, ethereum and potentially a few others will probably see pretty gains. A lot of alts will be holocausted.
Proof of work based cryptos with artificial scarcity (btc , bch , ltc , xmr) would moon the rest of the market would collapse.
Ethereum is fucked 10M coins are created per year , literal 10% yearly inflation compared to btc that will have 1.80% yearly inflation.
Any inflationary crypto will be dumped hard in recessions btc , ltc xmr would pump hard since governments print money during recessions.
Crypto and traditional assets are going to crash at the same time. It's not a safe harbor. If anything, the crypto crash is going to start first, probably only like a month away while traditional assets still have a couple months.