Post
Topic
Board Economics
Re: If bitcoin is made for times like these why is everyone selling at a time like..
by
Febo
on 13/03/2020, 17:45:01 UTC
If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Bitcoin is not made for times like this. Bitcoin is made for financial crisis. Collapse of central banks.  Bitcoin is also not ready to replace fiat at this moment. So even if in half year time central banks collapse I dont see that Bitcoin will be useful replacement.  

What happened yesterday and what happened last year is totally normal. Same can continue this weekend and next week. It can or not. We will see. On long term all this is good for Bitcoin since it slowly destroys central banks.  Good things for Bitcoin are not just that price of Bitcoin increase. Good things are that people talk about Bitcoin and that they use it.