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8824993 No.8824993 [Reply] [Original]

What if it is not just about people not selling, but also people stop buying?

Seriously concerned, never thought about that

>> No.8825011

I'm getting tired of the current market desu. A lot of countries (India, Canada, etc.) are also essentially banning their citizens from buying crypto, which doesn't help.

>> No.8825029

there's enough diehard crypto lovers out there to always keep BTC above a certain price. it may be like 1-2k but there will always be a price.

>> No.8825054

>>8825029
Soros had a point that it's not just diehard crypto fans, but also people who can't trust their country's currency which will keep putting money in this. That's not strictly for BTC, but for cryptos in general I guess.

>> No.8825119
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8825119

>>8824993
Price drops like a rock.
>Scenario A- people not selling
>Scenario B- people not buying
Bottomless pit.

>> No.8825137

>>8824993
what if crypto isn't about the selling and the buying but the frens we made along the whey?

>> No.8825160

>>8825054
But if I dont trust my own currency, who would buy crypto? Why not buy gold, which nearly everyone will accept?

>> No.8825274

>>8825160
What if you live in a place where you cannot be certain the person is selling you REAL gold?
Or what if it's just really scarce where you are?

Maybe these people only have $5 to save every week, can't buy only $5 worth of gold.

>> No.8825474

>>8825160
It's an option, of course, but buying gold isn't always possible or practical (if you don't have easy access to a source or need to hide large amounts). Crypto can be accessed semi-anonymously to anonymously from just about anywhere. It's not the safest thing in the world and there are definite risks, but the decentralized nature makes it safer as far as some specific things are concerned (there is nothing physical to steal, as long as you have your own wallet, no one entity should be able to seize your funds, etc.).

>> No.8825566

>>8825274
>What if you live in a place where you cannot be certain the person is selling you REAL gold?
What about salt then?
Stable value and worst case, I use it to preserve my food.

>Or what if it's just really scarce where you are?
Then what about any other precious metal?
Or how about non-perishable food?

>Maybe these people only have $5 to save every week, can't buy only $5 worth of gold.
But if I need to worry that my $5 are not $5 next week when I keep my $5 in the $5 bill, why should I buy Bitcoin?
Because then I also worry, that my $5 are not $5 next week.

>> No.8826097

>>8825474
>should