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RE: Where Are You Safe? (Bitcoin, US Dollar, Gold/Silver?)
Yeah I see what you're saying & all fair points but you seriously you don't believe it'll follow the previous trends? Those trends make sense from a predictability standpoint
The previous trends were all during times of economic prosperity. Now we have a global pandemic with the whole world economy locked up. So I don't really see a reason why it would continue on the same course.
So many people's businesses have been destroyed instantly and people are getting laid off by the millions.
That isn't an equation for new people to throw money into crypto. It is already confusing and hyper volatile and shakes out a lot of people during good times. During bad times where they are stressed out and there is so much uncertainty I don't see people throwing money into it.
People clinch up their spending. Their 401Ks have taken a hit, people aren't buying new vehicles, houses .....etc.
I expect the Student Loan bubble to burst, the Car loan bubble to burst, consumer debt, and housing bubbles to burst.
I really don't see anyway around it unless suddenly in a week or so someone invents a miracle cure and also comes out with efficient ways to test people and also gets lots of medical masks in.....etc.
https://www.yahoo.com/entertainment/disney-world-furlough-43-000-213559574.html
Disney World is going to Furlough 43,000 employees. Tesla started doing the same. We are just going to see company after company after company doing that.
After the halvening date passes for Bitcoin what is there to look forward to for people? December 2021........ that's an eternity in a global pandemic.
Just because someone drew up a nice little rainbow doesn't mean things will continue on it.
Who knows overall but I would say everything is delayed way back. We can't even live a normal life and go to the beach or anything. Bitcoin doesn't actually solve any real problem in this situation.
I didn't say the previous trends would incentivize a bunch of noobs to join. I was referring more to "in the know." Last time steem peaked i was making 2 & 3 grand a month and cashing out to fiat since it's really such a simple concept. The ALMIGHTY USD isn't backed by gold anymore so eventually having gold, silver, cryto, and some fiat is smart considering a diverse portfolio is a healthy one And, if you ask me, we have been in economic distress for a while, yes worse now obviously .