Post
Topic
Board Speculation
Re: Are you afraid of the market now?
by
BartS
on 24/07/2018, 19:49:56 UTC
There is nothing to fear about the market or any possible economic crisis in the future. Cryptocurrencies particularly bitcoin can weather out this kind of crisis and their prices may even go up because investors that affected by the crisis may invest in bitcoin and other virtual currencies insread of stocks or foreign exchange. 
I really think that bitcoin can resist anything that the governments and banks throw at it, and so bitcoin will resist an economic crisis however how much money have you invested in bitcoin compared to fiat? Many people in the forum and around the world have most of their money in fiat so a crisis will affect them and when that happens it is likely they will sell the only thing they got that still has value and that will be their bitcoin and that will be bad for them since they will be unable to take advantage of the huge growth in the price of bitcoin that will follow.