How can we make sure to survive the fall ?
- Can cryptocurrencies work in this environment?
-The current ups and downs in cryptocurrencies have certainly made it hard to breathe for the investors
-What can we do to make sure we survive the whole economic recession? ( Certainly don't put all your money in the banks )
If I am not mistaken the last bull run started after the worldwide spread of COVID-19. When the stock and forex market was collapsing crypto market was rising. The Crypto market is not like other markets though it has some impact related to those markets. If the stock, bond, and real estate market is going to shrink, people will have no choice but to buy gold, silver, or bitcoin. Everybody wants to keep their asset's PPP power stable.
IIRC, Crypto dumps hard same as stocks and forex during that time even after the pandemic. The bull run starts same with stocks and forex recovery not what you implying that crypto is the only one pumping. I have both stocks and crypto that time so I’m certain that they are both gaining value at that particular moment. Crypto is just gaining fast that stock market that is why everyone in crypto overlook the event as crypto is only rising and the rest is dumping.
I believe whales use this opportunity to create money on crypto since its too much volatile that time while the price is at the bottom. They will low risk of losing of they invest back then since most of the weak hands sold while they are freely scooping cheap tokens in the market like Microstrategy did last bull run.