posted on Jan, 5 2019 @ 01:59 AM
a reply to: Jechu
Bitcoin and cryptos have never been through a Wall St. downturn/crash so there's no way to be sure.. I believe they will move in the same direction
as the major commodities gold and silver but I think cryptocurrencies will fare better and come back to a bull market sooner because the crypto sector
has more economic space to grow. There is a really good chance that cryptos lead the way out of the next crash/recession.
2018 was bad for speculators but will be good in the long run. The empty, worthless coins have been exposed. Development has increased despite the
downturn and some nice projects will be finished later this year. The cryptocurrency sector has grown from an infant to toddler with plenty of
growing pains still to come before cryptocurrency fully matures over the next decade or two.
The reality is gold and bitcoin are currently about as equally useful as money in the real world. The difference is one is the past and one is the
future. Gold was phased out because bankers and the government were too restricted by gold. They needed more control of the currency to better
manage the economy. Cryptocurrency is FAR more malleable than the current outdated central bank systems we have. Once the FED figures out their best
crypto design paper cash and FRNs will take their place in monetary history alongside gold.