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RE: A trillion here, a trillion there, pretty soon we are talking about real money!

in #bitcoin4 years ago

I stand corrected you are correct it is currency. It isn't money. Its debt. A ponzu basically. House of cards falls on us every time.

Bitcoin was made after that last crisis. I think this one will be good for it.

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Regarding BTC, I hope you are right, so far it has acted poorly. Selling off with everything else. Though I suspect it may act like precious metals did back in 2008-2009, initially selling off with everything but then soaring as the bailouts started rolling out.

I dont think a parabola is likely in many assets but BTC for sure without some weird capitulation period making folks sell. There is always one before a boom.

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