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I wonder if a crash would be good for Bitcoin's price. I think it is a bubble but it seems like an asset that would gain traction in times of fear/uncertainty i
by erebus_rex 9y ago
I wonder if a crash would be good for Bitcoin's price. I think it is a bubble but it seems like an asset that would gain traction in times of fear/uncertainty in the fiat economy.
- lern_too_spel 9y agoPeople will need to sell their Bitcoins to purchase essentials, but whom will they sell their digital baubles to?
- sjg007 9y agoPeople not experiencing the recession who may be in other countries.
- longerthoughts 9y agoI think it depends on the timing and scope of the crash. Given the current level of doubt, it's still a highly speculative asset that bears significant risk. History suggests a crash would spark a "flight to quality" in which people would likely dump bitcoin in favor of low-risk assets.