Post
Topic
Board Speculation
Merits 4 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
PrivacyG
on 12/03/2022, 19:56:29 UTC
⭐ Merited by JayJuanGee (2) ,xhomerx10 (1) ,d_eddie (1)
”BTC is a risk-on safehaven.

Gold is a risk-off safehaven.

Bitcoin as an untested theoretical safehaven, this year will be the first proper market test of it.

In a war time scenario, risk-off is the first market response, the second market response is towards safehavens.”

"Willy Woo"
It surely is time for Bitcoin to be finally tested for real.  The 2008 crisis was too early for Bitcoin to show what it can do.  But if Bitcoin gets at the end of the day to NOT be a safehaven anymore, is it bad?  I would not say so.  It can still do exactly what it does right now, just the average human's perspective changes.

In a post-nuclear world in which food has become a diminishing good due to the fact that nothing is growing anymore, your shiny metals and internet money won't be worth a slice of bread. Lets be clear about that. This isn't 1942 anymore.
I kind of get it but I also do not.  If you are the survivor of a post-nuclear world, then what are the actual chances you get to meet another survivor?  In that kind of world, not even seeds, banknotes or coffee is helpful anymore.

If you do get to meet another survivor who is interested in barter, then you can assume they are in need of equipment, in need of food or they have enough food and equipment and want wealth.  I just know there would be some who would look after wealth.  I can only imagine some dreaming about the world they could build with all the wealth they can get by taking advantage of other survivors.  Particularly today's upper class, which can today afford building an anti nuclear bunker to shelter entire families for decades long.

A post-nuclear world is hard to imagine anyway.  But one thing is for sure, there is greed even during war.  Even during the Apocalypse.  There will always be greedy humans and in a post nuclear world it is not an exception.

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Regards,
PrivacyG