I'm not a heavy forum user, but I made some money on crypto during this 2017 run, of course this forum helped me a lot in this. Since then I stepped out from BTC/ALT markets and I sat mainly on money, now things are going to change. As you can see, world is in panic right now. It is not only about COVID-19 disease, but financial system is unstable. Almost all countries are giving "helicopter money" which is printed in huge amounts by governments and banks. Of course in short period of time - it will help, but as I can see in long-term it will cause the inflation, and it is going to "kill" middle class people. Why? 1st, inflation will decrease their saving, 2nd - interesting rates must go up to save the economy. It will make credits much more expensive than they are right now. 3rd - a lots of people will lose their job.
It was a quick recap, I don't want to write a science article about crisis, but that is very likely to happen.
What happens right now in safe assets?
Silver is "unglued" from paper value. Physical metal is much more expensive than paper equalities. Moreover, it is really hard to buy. Just check this out. Here in Middle-Europe where I am living, time for delivery is about 60 days. Prices with 24H avaliabilty are about 1.5x more expensive.
Gold, almost the same situation as with silver.
On the other hand we have cryptos. Cryptos with huge, but limited amount (I guess they are the most safe crypto's at all). Cryptos which can provide us a new payment methods. Cryptos which are available 24/7. Not like silver or gold. I think the world has changed dramatically since the latest crisises, so this one will be totally different than the others. People won't start paying in silver, and gold. I think that Satoshi was right. He created something genius.
I think that the only the best are able to survive. Now we're stepping into crypto decade. What are your thoughts about current situation and role which cryptos will play in this "New World"?
For now I picked two cryptos (XEL and ADA), because they have real value, and they are able to change the financial aspect of this world.
Sorry for my English, still learning
