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If there is a stock market crash, will people put their $$$ in crypto?
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Date: March 24th, 2018 12:41 AM Author: Insecure Boiling Water
1. It always crashes during March tax season. The Hodlers don't have enough cash on hand to pay taxes with fiat. Presumably they will similarly be lacking the six months savings to get through a minor recession.
2. During the initial stage of the recession spooked investor money will go to safe assets. Crypto is not safe.
Mid to late recession may be bullish due to the new-gold meme, but to get there you will need a lot of fiat savings and a brave will to withstand one heck of a dump on valuation.
(http://www.autoadmit.com/thread.php?thread_id=3927322&forum_id=7",#35675801) |
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