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RE: Cryptocurrency In A Global Bear Market: How Will It Perform?

in Threespeak • 4 years ago (edited)

What do you consider a bear market exactly? We did see it during some crashes this last year or so. And BTC has seemed to correlate with the markets more often than not. Especially since they're becoming more and more intertwined.

However, I do expect this to change eventually.

4 years ago in Threespeak by
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     4 years ago  

    That is true it did. However, we saw it short lived which is always possible. But a bear that I am thinking is a drop of more than 20%, in a few different markets.

    However, I do expect this to change eventually.

    I do too especially as it becomes evident that inflation is not causing the recession, but deflation.

    This is where I think the narrative for BTC changes but the results are upward.

    It could then serve as a safe haven.

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     4 years ago  

    Yeah we will see. We already see it happening in smaller 3rd world countries. Where people would rather put their money into BTC to avoid the devaluing of their currencies.

    I think that's where we will see a large transition first. It will be in these smaller economies with unstable money.

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