ITT: Guesses on what happens to crypto when the recession hits

[Anonymous No.12286376]

[Anonymous No.12286382]

>>12286376
>youth unemployment
>youth stop buying crypto
>crypto tanks along with the economy

[Anonymous No.12286383]

we shitpost and get rich off crypto

[Anonymous No.12286396]

>>12286383
then we buy up all the assets cheap and become the new ruling class

[Anonymous No.12286397]

>>12286383
>2017

How miss those days

[Anonymous No.12286406]

>>12286396
if crypto succeeds as a dominant currency, this may actually be possible

[Anonymous No.12286488]

>>12286382
pretty much this. it's like the tech boom all over again, the market is over saturated, and so many crypto projects do jack shit. 99% are going to 0 and a few that have practical uses will be left standing. What will the prices be at that point? Who the fuck knows.

[Anonymous No.12286568]

Riskiest assets go first.

[Anonymous No.12286628]

>>12286376
>>12286382
>>12286488
Bank failure is GREAT for Crypto check out Cyprus Mar '13...Just before CMC started

[Anonymous No.12286669]

>>1228637
boomers and normies have always taken their money out of stocks and placed them in something safer during a recession. They will never ever put it in crypto and to think they would is the sign of a brainlet.

[Anonymous No.12286799]

Anything tech-related has to be set aside until after the next recession bottoms out. Nobody's going to buy the newest iPhone when they don't have a fucking job.

Right now hiring is good and the market is leveling out getting ready for a great downturn. You should have already invested in sector rotation, but in case you did not pull out now.

Buy back in durring the recession so you buy low. When the economy picks back up to its peak sell everything you've got, rinse repeat. Should not be that difficult but there's a shit ton of brainlets on this board