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.
I dont know where you read or heard that from, but just know that some bitcoin fans can say anything just to convince you about Bitcoin. I am not saying this to discourage you from investing in bitcoin or any other cryptocurrency. Cryptocurrency is good, but there are people who tend to exaggerate things so it seems more than what it really is. Bitcoin makes transaction easier for you by making things cheap and fast.
Anyone who is telling you that bitcoin is going to save your ass from a situation like this, well, its up to you whether you want to believe them or not, but left to me I would say that you shouldnt.