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Bitcoin crashes at least as hard as the economy in times of downturn. Probably harder.
by contrarian_ 9y ago
Bitcoin crashes at least as hard as the economy in times of downturn. Probably harder.
- svantana 9y agoA global downturn, yes definitely, but BTC will probably not be affected by a crash (or hyper-inflation) of a small-ish economy.
- dullgiulio 9y agoBut what's the advantage over directly buying Dollars or Euros? A very good use-case for cryptocurrencies is taking money out of countries with strict capital control, like China. But obviously, such governments are also quite authoritarian and will not have problems blocking a cryptocurrency if they see fit.