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15177556 No.15177556 [Reply] [Original]

How are Cryptocurrencies supposed to hold during the next crisis and hyperinflation?
When the currency gets fucked up wouldn't crypto go down the drain as well?

>> No.15177574

>>15177556
Why would dollar hyperinflation devalue bitcoin too? Literally the opposite sounds more likely.

>> No.15177718

>>15177574
Well since crypto is based on fiat, once fiat gets ruined wouldn't crypto follow? Also once market crashes wouldn't ppl start selling crypto like mad thus drop its value massively?

>> No.15177731

>>15177556
kek start looking at more markets then btc
we will rise like a curse

>> No.15177734

>>15177718
>Crypto is based on fiat

Not gonna make it.

>> No.15177768

>>15177734
What is it based on then if not on fiat?

>> No.15177788

>>15177768
Value, you fucking reddit brainlet
We're waiting for the day fiat dies and crypto holds all the value.

>> No.15177796

>>15177768
I think the idea is that the value of Crypto is supposed to be based on the currency itself, being inherently limited by nature and being free from any manipulations besides those of individuals participating in the free market.

>> No.15177798

>>15177556
(1) BTC is a highly speculative, extremely risky asset. these typically dump hard as people, companies and institutions need to liquidate whatever they have to survive
(2) BTC has never seen a true recession. when there was a minor DOW scare in december it dumped instantly and simultaneously
(3) BTC relies on a functioning network. this not only implies electricity but also a constant supply of high-tech miners (they died super quick). without that working supply chain, hashrate would plummet fast

tl;dr: with the next recession something between "it has already started" and 18 months away, it hasn't even bottomed in this cycle yet.

>> No.15177805
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15177805

>>15177731
'why'

>> No.15177831
File: 22 KB, 269x406, btc standard.jpg [View same] [iqdb] [saucenao] [google]
15177831

>>15177768
A bitcoin doesn't have to be "based on" anything. It is valued by people in and of itself.

Read pic related, you can find it here for free: https://libgen.is/book/index.php?md5=7D394651158ABC9470CBCCE538FAAA49

Look up podcasts and youtubes and articles explaining bitcoin.

Asking questions on 4chan is an inefficient and shoddy means of learning, just do some actual fucking research. If you thought bitcoin was pegged to fiat in anyway that is astonishingly uninformed. And most people here just want to sell you shitcoins, most people here buy into delusional narratives which they desperately want to spread to some guy like you who doesn't know anything because you can't tell they are full of shit.

>> No.15177860

>>15177831
Here's a good podcast: start with episode 1 and continue: https://stephanlivera.com/episodes/page/10/

Here's a good six part intro series on bitcoin from a more economic rather than technical perspective: https://www.youtube.com/watch?v=zsK0JNpjow4&list=PLxxj-sCQ0oJJs9BmBJ5rY-n2JE9dOfGnt

>> No.15177905

>>15177556
Evidence from '13 shows they hodl up well. Check out the Cypriot Bank Crisis. It was the main driver behind the spike.
Inb4 >MUH Russian money
Inb4 >Muh It was contained within Cyprus

>> No.15178037

>>15177831
>>15177860
Appreciated, thanks.