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15752608 No.15752608 [Reply] [Original]

Bitcoin (and all altcoins) will double crash sometime in the next 1-2 years.
First it will crash hard when the world economic recession inevitably hits. We got a small taste of this a couple of weeks ago.
And then it will crash even harder immediately afterwards when people realize crypto is NOT a hedge.

We will be able to buy Bitcoin at 1000$ or less. Once the economy recovers, crypto will either die for good and be replaced by corporate coins (Libra etc.) or recover to above 10k or more.
Which scenario will you bet on?

>> No.15752613
File: 148 KB, 881x768, CorrelationBTC.png [View same] [iqdb] [saucenao] [google]
15752613

bitcoin is unrelated to classical markets, your assumption is wrong

>> No.15752622

>>15752608
So will my silver go up in this case scenario

>> No.15752737

>>15752608
Won't happen , economies that love capital control like argentina , turkey or india are crashing now.

We can expect inflation and capital controls pumping crypto, specially btc , bch and eth if bitpay keeps them but btc 100% will pump.

On top of that china and the eu are slowing down and starting to inflate their currencies now , by the time the us recession happens btc will be pumping and burgers cashing won't make much of a difference.

>> No.15753613

>>15752608
wow so much dumb for one post. People don't just think TC will pump as a hedge, it will likely dump at first because it's a risky asset. When the QE starts is when BTC really picks up. The FED has been unwinding the balance sheet since late 2017 and BTC still bounced 4x in 2 months.

$1000 will never happen, us BTC bulls are too rich from BTC's previous runs. I have renters who buy me BTC every month with their rent. I have more liquid investments I could flip in minutes for BTC if things really got crazy. Some of us are die hards
>>15752737
>On top of that china and the eu are slowing down and starting to inflate their currencies now , by the time the us recession happens btc will be pumping
the underrated macro-economic factors we don't talk about enough.

>> No.15754025

>>15752613
how is this correlation graph measured? based on what grounds was this information collected?

>> No.15754166

>>15752613
this shows that some japanese use BTC as a hedge against their stock market.

>> No.15754180

>>15754025
source: his ass
don't let crypto retards dupe you into ANOTHER fucking crash, seriously.

>> No.15754194

>>15753613

Bitcoin at 1000 is a paltry market cap of 21 billion. There are more than enough bitcoin die hards worldwide to support that price. The only way it goes lower than that is if there is some unforeseen switch to another crypto asset or if the american and european police states make it illegal to own.

>> No.15754274

>>15752608
You have no idea what will happen.
Go watch your gay porn, retard.

>> No.15754288

>>15754194
>american and european police states make it illegal to own.
I bet BTC would dump and then shoot up to ATH.
Outlawing things has a funny way of increasing price