In this video I share my thoughts what I think will happen to cryptocurrency in the case of another (inevitable) global market crash and selloff.
Gold and precious metals have always been the go-to safehaven asset class in turbulent economic times, but this time cryptocurrency may just replace gold and precious metals as a safe haven.
Cryptocurrency is easier to store, easier to transport and easier to pay people with than gold and precious metals. It is also hard-capped in supply (like Bitcoin) meaning it is likely to appreciate in value as more people start holding it.
Looking at gold in the 2007 crash, gold did sell off during the crash but recovered and went much higher. I suspect the cryptocurrency markets will initially sell off during a golbal market crash, but afterwards recover and move much higher as people turn to cryptocurrency as a way to safeguard their savings and money.
Disclaimer: This is NOT financial advice, purely for educational purposes and reflect my personal opinions only (which may or may not be correct).
Cryptocurrency is highly volatile and a very high-risk investment.
Please do your own research before investing into cryptocurrency and never invest more than you can afford to lose.
V good analysis and interesting, however I feel that there is a point that you overlooked. The main reason that gold has had such a run up is because of its perception: a safe storage of value. This perception is most certainly not held within the general populace of bitcoin; the volatility would put off a lot of potential investors in a time of low market confidence.
There would need to be a seismic shift in the perception of bitcoin x cryptos, resulting in people viewing cryptocurrency as a fiat alternative rather than an investment, to facilitate the turn to crypto you predict.
Very good logic! I expect bitcoin to go crazy when the global selloff starts, and massive amounts of money get injected into bitcoin and other cryptos, which further weakens the fiat currencies. With the timeline of bitcoin and global financial crysis falling into the same area is peculiar indeed, I dont know what to make of it. I think its safer to distribute wealth.
I would use a privacy coin called DeepOnion to save some of my wealth, and to be sure that the government has no clue of my holding. Fast and Anonymous transactions on Tor network, mobile wallet in development, smart contract integration further down the line. Decentralized governance through vote central in coming months next year. Plenty of room for growth due to small supply of 25milion
I have a question about when to sell. I bought into bts and omg back when you recommended. Since bts has doubled and omg is almost to $12-13 like you thought but I just don’t know when to sell. When you recommend to buy at those levels and you expect them to go to certain levels, do you recommend to sell when it gets to where you were expecting?
As a victim of counterfeit ponzi stock that was sold to me as real, these air shares are in litegation. I do not beleive in the stock market. Bitcoin was designed as property that can be used as digital currency. It's software design perimeters was to increase in value with stability.
Dude...you beat me to it...I am working on video about Equity market and crypto-market future relationship
Gonna finish my piece to add to the conversation! Thanks for your work...and really, I am so psyched to have discovered a whole tribe of folks out there I wan't know and be in conversation with. So entirely help with the isolation of being out here in the middle of the ocean!
"The Big Short", while good, does not speak to the heart of the problem, which was and still is the Federal Reserve's artificial suppression of interest rates. Artificially low rates cause rampant speculation and malinvestment as an irrational alternative to the interest that a healthy market would otherwise generate. The Government compounded the problem by bailing out insolvent institutions, which have continued to speculate. The Government merely postponed the day of reckoning and has in all likelihood set the stage for a sovereign currency crisis.
These two videos "The Biggest Scam In The History of Mankind" - https://www.youtube.com/watch?v=iFDe5kUUyT0 - and "The American Dream" - https://www.youtube.com/watch?v=k6zpfE7WjHI - explain everything in proper.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.