The so-called 2018-2019 HUGE Market Crash


#42

I can’t wait for the panic and eventual collapse of FB. I wouldn’t touch that company with a ten foot pool. No wait the entire legacy stock market system. Except maybe if I had the means I’d short FB all the way to its demise.


#43

#44

The upcoming financial crisis is coming according to experts and this is putting up the questions if Bitcoin will become the safe haven among the crypto enthusiasts.

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#45

If governments/banks try to confiscate peoples wealth then bitcoin will do great. Other than that I cannot see how a financial crisis would be good for the crypto market. People will sit on cash and not invest in a high risk asset class such as crypto. Also the more financial products that are built for crypto such as ETFs, the more correlated the market becomes to traditional markets.


#46

explain me why gold/silver are safe heavens then? :thinking:

Asuming BTC is the digital gold that is.


#47

Bitcoin market is too immature to be considered a store of value. The majority of the world wont recognize it as a safe place to store their money (safe meaning a whale won’t dump their bags). I think gold and silver are recognized as a safe store of value because their prices don’t fluctuate 10-20% in a given day over multiple days. I know people will argue that is because the market of G&S is in the trillions and that one day bitcoin will be there too. But will that happen within the time of a financial meltdown knocking at our doorsteps?


#48

dunno

it is all inflated and speculation

yeah a single BTC might be worth 6.6k atm, but with people with really fat wallets want to sell their BTC, it will all collapse … so in reality it is not worth as much? lol :man_shrugging:t2:


#49

Hope the next bull run coincides with a financial meltdown. Maybe if people see it as an opportunity to protect / increase their wealth they might push BTC higher, especially if inflation gets out of control within major currencies and/or banks seize funds. I will always believe having/holding 1BTC is never going to be a bad thing, just don’t buy it at 100K on the next top.


#50

did the collapse just started this week ? :beetconnect::beetconnect::beetconnect:


#51

Nearly $13 billion wiped off of cryptocurrency market as major coins plunge

https://beta.finance.yahoo.com/m/e7c02e93-9867-303a-9fc0-8136a6cb634d/nearly-%2413-billion-wiped-off.html


#52

this thread is not intended for crypto crashes, but thanks for the input though


#53

Stockman thinks so. Trump should have stuck with the truth that the rates are artificially low and the economy is fake.


#54

Stocks down
Bitcoin down

What dip am I going to buy? :cold_sweat:


#55

this thread is starting to make sense now right?

:stuck_out_tongue_closed_eyes:


#56

#57

Careful that thief has fraud scammer written all over his face. I know his foul poison type when I see them :skull_and_crossbones:


#58