A friend of mine told me that his dad (successful investor) their prediction is that there will be a economic crash in about 1.5 years from now. I think that it could be plausible.
Now what if it happens somewhere around that time. A lot of stocks will go down, also the house market will go down into the ground and buying a house with a mortgage will be with sky-high interest.
If and I say IF it happends will it be a good idea to buy bitcoin before the crash or will bitcoin crash like the others. There are a lot of factors going on. Like Renting a place out for the BTC miners ECT it will have a expensive tag to run and operate the blockchain during a crash.
Anyone any toughs? Also where are you going to put your BTC/cash into?
[im g]https://image.ibb.co/gc2KMV/housemarket.png[/img]
I mean just look at the house market here in the Netherlands. It skyrocketed so fast.
EDIT:
[im g]https://ibb.co/dSvwmV[/img]
Lets take a look at the stock market from all over the world. This is a period of 52 weeks (1 year) as you can see almost all market exchanged went down some points. Except for a few e.g Russia. What russia has bin doing the last decade is buying 200 tonnes of gold every year. I'm not a economic guru, but I can safely say that this is not okay.
Now what if it happens somewhere around that time. A lot of stocks will go down, also the house market will go down into the ground and buying a house with a mortgage will be with sky-high interest.
If and I say IF it happends will it be a good idea to buy bitcoin before the crash or will bitcoin crash like the others. There are a lot of factors going on. Like Renting a place out for the BTC miners ECT it will have a expensive tag to run and operate the blockchain during a crash.
Anyone any toughs? Also where are you going to put your BTC/cash into?
[im g]https://image.ibb.co/gc2KMV/housemarket.png[/img]
I mean just look at the house market here in the Netherlands. It skyrocketed so fast.
EDIT:
[im g]https://ibb.co/dSvwmV[/img]
Lets take a look at the stock market from all over the world. This is a period of 52 weeks (1 year) as you can see almost all market exchanged went down some points. Except for a few e.g Russia. What russia has bin doing the last decade is buying 200 tonnes of gold every year. I'm not a economic guru, but I can safely say that this is not okay.
Your dad's friend indeed. No one knows what will be happening in the next 1 second, let alone in the next 1.5 years, no matter how successful they are as an investor, and I wonder why people always love coming up with some crazy predictions, probably to say, I told you so, if it peradventure happens or simply say, some factors were put in place, that made it not to happen, right?However things turn out, it is always a good thing to diversify so as to spread risks even if you are not anticipating a global crash which is something I do not believe will happen anyway.