Crypto safer than stocks?

in #news5 years ago

http://www.ccn.com/this-stock-market-bubble-makes-the-bitcoin-crash-look-like-a-joke/amp

likelihood of a market crash in my humble opinion will happen but when I'm I wish I would know. There is no reason to think crypto won't do the same. My meaning crypto can continue to fall. However if crypto falls again there will likely be buyer support... just like how stock market crash of 2008 has since recovered and extended beyond its lows. Crypto is the future wether we like it or not. How it moves in the short term won't matter a short term as the long term it will gain value and use.

Sort:  

I agreed with that, crypto will save our fiat currencies from being useless.

It will be interesting how crypto holds during a massive recession. Since liquidity it still an issue and acceptance in place of fiat is still unique, the impacts of a recession on crypto could be great, and not in a good way. We would still need to move crypto in to a market usable form. I personally think, a recession could cause a hyperinflation of many crypto’s, if someone fad the fortitude to keep buying until fiat hit bottom, they might come out on top.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mawit from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.34
TRX 0.11
JST 0.034
BTC 66344.62
ETH 3214.81
USDT 1.00
SBD 4.37