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Do you mean there haven't been major economic crisis related cryptocurrencies or we don't know what happens to cryptos if (and when) a major, general economic c
by raptorraver 5y ago
Do you mean there haven't been major economic crisis related cryptocurrencies or we don't know what happens to cryptos if (and when) a major, general economic crisis happens in the world? I'm interested in what would happen in the latter case. Probably cryptos would crash even harder but are there cases where people would trust cryptos more than cash in crisis?
- rapsey 5y agoIn a general one. In a general crash everything tends to drop because everyone is selling assets to cover debts. I can't see crypto doing anything other than drop more than anything has ever dropped. It would recover later probably if investor confidence is not completely destroyed. Because as we all know, the entire space is still completely without any real world use case and entirely useless other than speculation.