Quote from: Tytanowy Janusz on December 19, 2018, 07:19:22 AM

Quote from: Pursuer on December 16, 2018, 10:19:48 AM

I agree with the first part of what Tytanowy Janusz said, during crises people are known to stay away from higher risk assets and bitcoin being volatile doesn't help that either so it surely is not the "ultimate hedge" against the financial crisis.

but bitcoin being what it is, has always been acting separate from any other market. for example when other markets are falling bitcoin has been rising in the past or vice versa. it always moves on its own and on top of that being a global asset it doesn't take effects from local incidents that much.
so in my opinion in case of a financial crisis bitcoin would either not be affected at all or rise at least a little.

I hope to see that but in my opinion we should not look at the past of bitcoin. In 2014 we had mostly nerds without speculation knowledge just enjoing having bitcoin. Now we have lots of high class speculants. Price will act different because different types of investors are holding bitcoin. We are on unknown waters.

I agree that's very good point. So what is your thought - will those new rich individuals buy more or dump crypto?