Quote from: ivrynx on June 27, 2018, 09:10:30 PM

If there would be a recession, all forms of money we hsve today would be useless, and the only legit form of payment, will again be gold or we migjt go bakc to a barter exchange, bitcoin would also not be amsafe haven for all, since bitcoin is volatile, rather than sepnding bitcoin, people might just HODL for a very long time and wait till the recession surpasses, but during the event, bitcoin will also be obsolete, since its fiat counterpart would be of no value.

Probably we are forgetting about the possibility of having a digital gold in our hands. Thinking bitcoin will be obsolete actually made me laugh considering the fact that when one is weak, one actually will have to be strong.

If fiat is crashing, the main idea is to be looking for easy way out and I am sure that is how bitcoin is going to be considered and I won't be surprised if the bigger players in the industry are already eyeing it and trying to fool everyone into not believing in bitcoin, so they can have the best of it at a much lower value. Time obviously will tell us who is wrong or who is right.