Quote from: CryptoBuds on Today at 04:04:49 AM

Quote from: Synchronice on June 23, 2025, 10:09:55 AM

There are only two outcomes. If there is a severe economic crisis, people will either sell all of their Bitcoins to have a money for food and utilities or they'll buy Bitcoins with the hope that it's the only thing that will help them to financially escape.
I'm afraid the first one is going to happen.

People will sell bitcoin not just to buy food or utilities, they will sell all risky assets and seek safe havens to protect their assets if the war gets worse and the economy falls into crisis. That was bound to happen, and the clearest evidence was when news of the US bombing Iran’s nuclear facilities made the world more nervous and the price of bitcoin fell below $100k.

Update: today there is a ceasefire and bitcoin price quickly recovered, this is positive news but this makes it more clear that the world still does not consider bitcoin as a safe haven. Bitcoin only goes up on positive news and down on negative news, this is not how safe havens work.

I wonder why people panic sale all in the name of protecting their assets, for instance those who sold when U.S striked Iran would have to buy at a higher price cause the market went up few days after that incident occurred, so instead of selling it's best to use that opportunity to buy the dip, that's the point when the DCA comes in handy.

Yeah, lots of people don't consider it a safe heaven cause they don't understand it better, Bitcoin is not a stable coin, it has always been volatile from the onset, so the price is bound to drop on different occasions, even at that it has shown strong recovery after going down so why not implement the DCA and hodl it for as long as possible must people panic sale over every negative news.