In the event of a stock market crash, will people leave crypto so they have liquidity to pay bills, or will they flee to crypto as a safe haven?
>>2700913
Flee to
>>2700913
I pray Kek of thee;
MAKE THEM FLEE!!
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
>>2700913
>crash
As long as there's belief and enforcement of centrally planned banking monopoly it's not happening
>>2701246
Tons of economists, hedge fund managers, CEOs, etc. are already saying it's way overvalued. Beyond that, alarm bells are ringing over commercial mortgage backed securities, auto loans, student loans, pension funds, Canadian housing market, European banks, Chinese debt, etc.... It's gonna happen. Sure it will recover, but at the very least we are in for a major correction, likely a lot more.
>>2700913
Depends when, at this stage leave to clear out the risk, save for the absolute madman crypto is still almost entirely a spare shekel gamble and more of a substitute for the roulette wheel than it is for stocks or other normie favourites. When the going gets rough there would be less spare shekel to fuel our scam.
If this doesn't blow up just yet and newcoiners are able to ride a bit of upward wave we might be able to start sapping from their stockfolios. To keep the newcoiners coming in to prop this up though I think we need general overall confidence up rather than down.
Here's a dumb question: why can't stocks serve as currency?
>>2701362
They do
>>2701388
Could you elaborate? Then aren't stocks superior to crypto since they are backed by actual companies?