Economic Collapse + BTC Halving

[Anonymous No.56956769]

I don't get it
Why is an economic crash bad for crypto?

BTC was literally created as a consequence of the 2008 economic crash. If an economic cash happens around the time of BTC Halving, wouldn't that basically create the perfect shitstorm to send BTC to the 200k range easily?
Cause of economic collapse = Crypto narrative go up

I am only 90 IQ so, I apologize if I am retarded

[Anonymous No.56956836]

>>56956769
If the economy crashes, no one is going to keep their wealth in internet funny money. Silicon valley shit relies entirely upon excess wealth that can be used for speculative assets. No excess wealth = no money in crypto.

[Anonymous No.56956863]

>>56956769
>Why is an economic crash bad for crypto?
people need money, they sell the goins for money

[Anonymous No.56956884]

>>56956836
>>56956863
But won't that lead to a revindication of the crypto narrative, a.k.a, distrust in Fiat, thus eventually lead to even more crypto adoption long term?

It seems like a good thing, even if there's a short term btc price crash, no?
like even if you are retarded like me, wouldn't you literally be fine investing rn, and forget about crypto for 3 years?

[Anonymous No.56956896]

>>56956884
No. Boomers have all the money and would be pissed to see line go down. Line always has to go up. They only got a couple years left, they can't wait it out to go back up.

[Anonymous No.56956968]

>>56956884
do you see your grampa using btc?
>thats what I thought

[Anonymous No.56957065]

>>56956836
TSMT, the end of excess wealth will be a net benefit to the worlds as dumb projects, shitcoins and globohomo finance dried out

[Anonymous No.56957139]

>>56957065
lmaooooo THEIR money won’t dry up, “YOUR” money will
you’re probably fat if you’re this stupid

[Anonymous No.56957195]

If you think BTC goes up because people believe in its long-term future as the future of currency, a crash is bullish. If you think BTC goes up because people want to turn a profit on it as a speculative asset, a crash is bearish. What do the people behind most of the dollars buying BTC actually think about it? Will they flee into it when the going gets tough or try to escape it? I don't know.

[Anonymous No.56957340]

>>56957195
Why did they invest in BTC in the first place? Its obvious the true winners from BTC history so far have always been, reliably, the people that genuinely believe in its initial narrative
Otherwise, those first investors would have never bothered with it at all, right?
So even if people that don't believe in it come and go, its not really a permanent group, but a fluctionating one. It seems like it doesn't really matter if crashes scare off large groups of people, the baseline of those that genuinely believe in it is already strong, and it can only grow overtime as older gens die off the tech-literate youth jumps in


Economic collapses are not forever, people having ownership of their own cash kinda is

[Anonymous No.56957354]

>>56956968
Yeah but grampa is not going to live forever tho
>>56956896
Is that it, is the only argument against this about boomers?

I don't get why you guys seem like you are stuck in a timeline where Boomers are forever, its like you are frozen in time

[Anonymous No.56957441]

>>56957195
covid already answered this, kek

[Anonymous No.56957514]

>>56956769
Crypto has never gone through a "real" recession, so it's hard to tell. There was the mini covid recession though, and if a similar pattern follows then we might see a mega dump, shortly followed by parabolic growth. Perhaps the best action is to hodl your bitcoins while keeping some cash on the side for the opportunity in case it arises.

[Anonymous No.56957561]

>>56957514
>Perhaps the best action is to hodl your bitcoins while keeping some cash on the side for the opportunity in case it arises.
I feel this only works if you are really high IQ, people like me can't handle that much complexity, nor have the working/long term memory to keep track of long term goals that way
It's better to just work, get paid, live like a monk, and shove 60% of my income into crypto regardless of whichever point at the high/low cycle. It's not efficient,
but then again, if god wanted me to be so, he wouldn't have made me struggle to remember what I did a week ago.

[Anonymous No.56958657]

>>56956769
Whoever is saying it would be bad for crypto is retarded.
It's all bullish, there's the digital gold narrative, but also the fact that in case of an economic crisis, there will be money printing or government stimulus or both.