Crypto a safe haven?

[Anonymous No.26783014]

So a lot of people are saying that the gamestop thing represents a critical mass of retard money into the market which signals the tippy top of this euphoria cycle. And now we're set for a big market crash, especially if melvin starts a domino effect among hedge funds.

Question is, will bitcoin and crypto be a safe haven from this carnage, or will it crumple like just another speculative asset? Obviously it sure as fuck wasn't a safe haven back in last March, but it feels like a narrative has broadly taken hold since then (pushed by PTJ, Saylor, Fidelity, Grayscale, Guggenheim, etc) that bitcoin really is a legitimate hedge store of value now.

tl;dr: if stonks go down, will crypto go up?

[Anonymous No.26783124]

It will tank. Crypto is nowhere near where it needs to be At this stage to be a ‘safe haven’. Sell or get got

[Anonymous No.26783235]

>>26783014
>gamestop thing represents a critical mass of retard money into the market which signals the tippy top
Yes
>will bitcoin and crypto be a safe haven from this carnage
No

[Anonymous No.26783245]

>>26783014
Look at march. When the stocks fell the big players moved their money to buy cheapies anywhere else.
Crypto being a safe haven narrative these days is made from institutions wanting you to hold their bags.

[Anonymous No.26783345]

Let's just say, Expect the Unexpected, for it is expectable, but not every time, which is impossible.

[Anonymous No.26783443]

>>26783014
crypto is nothing but speculative garbage. go for it if you have the balls bc people have made a lot of money from it but the only value it has is the possibility somebody might buy your coin from you more than you bought it for yourself.

[Anonymous No.26783796]

>>26783014
yes

[Anonymous No.26783845]

>>26783443
This. Its funny today I was watching CNBC and one of their commercials was a firm trying to rope boomers into crypto saying it had "utility" and "stability" no it fucking doesn't - on both counts. The shit a rollercoaster with no retention device. I've been in crypto for years I'm in LNK @ .80 with about 1000 coins I'm so used to the ride shit like these stonks the past week feel fucking stable to me. In short, no, crypto in not a "safe haven", it's a thing to fuck with and learn the trends like anything else, except its trackable and intangible.

[Anonymous No.26783889]

>>26783245
Yeah but the story and a lot of institutional sentiment has changed since just 10 months ago. And we have the self-fulfilling prophecy of the halvening and s2f. If the market dragged us down back to $10k it would invalidate a prophecy over a decade in the making and probably kill bitcoin for good. I feel like there are too many interested parties with longterm infrastructure and capital investments in the game now to allow that to happen.

[Anonymous No.26783979]

>>26783014
The stock market is doomed under Biden.
Look at all the jobs he has killed already and we are still in pandemic mode.
This is just like 1999 and dot.com.
My advice. Get your ass into crypto and buy up those 2017 Boomer alts.

[Anonymous No.26784281]

>>26783979
So why do you think crypto will flourish if the stock market takes a dive? Looking for rationales here.

[Anonymous No.26784675]

>>26784281
The 2008 crash is what created crypto.
Many parts of the rest of the world are using crypto everyday in their lives. If you are in Zimbabwe you are probably using Waves day to day and saving your earnings in BTC and BCH.

When the shit really hits the fan and the inflation is actually felt, people will run to deflationary investments like gold, silver and BTC.

You did notice that the price of some foodstuffs has doubled in the last 6 months.
Three was a food product I bought religiously every week for $5.99 and in one month it went to $9.99

The Stock market is way more than toppy and so is the real estate market. Where else are people going to diversify ?

[Anonymous No.26784979]

>>26783443
>I missed the bus