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RE: USD is a Scam, Invest in Bitcoin/Crypto Before U.S. Debt Spirals Out of Control

in #bitcoin6 years ago

Something dramatic... like an economic disaster... would propel ppl into crypto more ;) That;s what is happening in Venezuela for example.

When there's "blood", that's when it's time to buy. Been done for a long in in trad. markets ;)

I know what you mean. I'm hesitant to trade in some silver or gold as I paid a bit more than it's currently worth and would be taking a loss in fiat spent. But it's tempting lol.

I haven't bought crypto in a long time. EOS should pan out after some time, it has lots of potential. But, as with most crypto, lots of speculation about the future :/

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Yep. Hold on to your gold and silver; it's only a matter of time and it ain't gonna be in decades that's for sure.

I'm thinking of whipping together a post on how the cryptos will react during the next financial crisis/meltdown. As cryptos are very nascent, we have no precedent. So, it will be interesting to see how it emerges. My initial gut feeling is that like gold and silver they will initially take a hit downwards; but when the big money goes for the exists from the main markets they will seek places to park their money for which there are very few apart from real estate. So they will opt for God's money and cryptos.