When I was New into crpto I used to get all worked up and restless each time I read this type of article and then start packing up .
I believe so many people are still like me now.
According to the article it says that use would crash before bitcoin.
The thing is I hardly believe 100% the prediction again because the volatility nature of Cryptocurrency has a way of making mess of the hard work of analysts.
Crypto volatility is due to low adoption.
When coffee, taxi, hotels, rent, groceries begin to be paid in Bitcoin it'll acquire a more stable value.
Someone at some point decided a coffee was worth a dollar. This wasn't magical, it was a natural market thing. Someone said gimme that dollar, here have your coffee. The same will happen for BTC soon.
Its Difficult not too agree with you!! but the financial world is just a puzzle always going to have its down time, just dont be cut on the wrong side
Or maybe this is just one warning we all need to heed. The world economy is a big thing you know.
Only a few people will say this and nobody will believe and then one day it will all turn out to be true.
Before 2008 several people warned that deregulation of subprime loans would lead to a crash. Clinton deregulated during his last days in office and during the Bush years this deregulation became a snowball. The rest is History.
How did they "solve" the banking heist? WE paid banks for their theft. We paid.
How did they get the economy to "grow" again? By printing money. Tens of trillions of money.
That's the new problem now, it's a ponzi scheme again. WE are paying again. Everyone's working ten times more than 30 years ago just to keep the same living standards.
10 to 20 years from now people will work 24x7 just to keep the ponzi scheme afloat. While the FED and friends continue to print money for the world's 15 richest families who control the other 7 billion people's money.
Why BTC will not crash together with USD?
Imagine USD crashes and is worth next to nothing. Why would you swap your BTC back for USD?
But, you could swap it for carrots at local farm to feed your family.
Can you imagine real BTC value if it's only thing (except Gold and Silver) that you can swap for food? It would be TREMENDOUS (in terms of purchasing power, not USD value).
(I'm not saying in this post that USD will crash or not)
The U$ value of BTC will surely become a mess during the crash but eventually people will begin to pay for daily stuff in BTC. Hey can I pay this month's rent in BTC? Sure! Can I pay for a week of groceries using BTC? Sure! That's when BTC becomes widespread and the USD slowly fades into the past.
Anything that is rare and which can be transferred easily can be used as currency. Gold is rare. Diamonds are rare. Bitcoin is rare.
FED-printed money is not rare. The FED prints as much of it as the bankers want.