Post
Topic
Board Speculation (Altcoins)
Re: Will only the best survive?
by
not4mike
on 08/04/2020, 05:46:26 UTC
financial system is unstable. Almost all countries are giving "helicopter money" which is printed in huge amounts by governments and banks. Of course in short period of time - it will help, but as I can see in long-term it will cause the inflation, and it is going to "kill" middle class people. Why? 1st, inflation will decrease their saving, 2nd - interesting rates must go up to save the economy. It will make credits much more expensive than they are right now. 3rd - a lots of people will lose their job.

You are absolutely correct. We are sitting on another financial crisis. Last time the banks got bailed out, and bitcoin was created in response. This time the bailout extends further. The deficiences of fiat are revealed yet again. The time for bitcoin is coming... will it be now? Hard to say. Maybe this time it is too early, but yes, soon bitcoin will become the ultimate value store and supplant gold and silver.

The only thing is I would recommend you buy some bitcoin as well as alts. As soon as money starts coming back to crypto, it's likely that bitcoin will lead any price surge. Not definite, of course, just this is usually how it works, and alts follow afterwards.
I'm still relatively new to crypto, but I have the same thoughts as well. I hope that means that I have the same mindset or foresight as you guys have. Cool

Also, I know nothing's for certain but indeed bitcoin, including other up and coming alt coins might become gems after the COVID-19 dust aftermath settles down.