Quote from: cellard on April 21, 2019, 04:49:33 PM

Quote from: exstasie on April 20, 2019, 06:56:31 AM

Quote from: cellard on April 19, 2019, 11:40:31 PM

I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.

I don't think Democrat vs. Republican really matters here. Bitcoin performed quite well under Obama and did quite well under Trump too. I think it'll do just fine under the next president, whoever it is. Policy-wise, the two parties exist on a pretty narrow spectrum. It's all a big dog and pony show. The main question to me is how Bitcoin performs in a global financial or currency crisis. I think we're at least a few years away from that given the confidence in the equity markets.

I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so.

I wouldn't be so sure about that. It really depends whether we're talking about a conventional recession or a currency collapse, and the timing of it all. Not only has Bitcoin never experienced a recession (so we shouldn't make any assumptions) but speculative assets generally don't do well during these periods. In fact, basically no assets perform well in recessions because they are economic contractions where money flows out from basically all markets. As a highly speculative asset, Bitcoin will definitely crash in a conventional recession.

In a currency collapse scenario, what you're saying is more believable, if/when Bitcoin becomes much more established, adopted, and reliable. People are rightfully still quite skeptical of Bitcoin's viability given it's still experiencing major critical bugs at this stage. We can perhaps make some more assumptions after mass/mainstream, institutional, and government adoption have taken place, but not before.

I'm also doubtful of the currency collapse scenario inside 10 years for the same reason gold bug doomsdayers have been perpetually wrong about the impending collapse for my entire life. Markets = patient people taking money from impatient people, and the reason that's true is because most people have no grasp of how long market events and cycles take to play out. They see months and years when they should be looking at decades.