the way it can fight off downward price pressure its simply astounding,
fiat is very weak and must be invested in housing, an asset class to
even exist in the first place
fiat is very weak and must be invested in housing, an asset class to
even exist in the first place
Crashes are good once in a while, if the asset survives. If Bitcoin survives this big crash and im sure it will, it will only mean bigger trust. It's like the "tyson effect" in boxing, the blood on the face is intimidating after being beaten up, and when no one bets on the losing fighter he comes back. In stocks is the same. If the asset survives a big crash and stands up again it means the asset is solid against hard times. Contrary to popular, an asset isn't solid if it has a stable price, that is boring. An asset is solid if overtime it keeps going up after surviving crashes. Look at the big picture in Bitcoin and that is exactly how it looks.
