what goes up, must come down.
these ppl will cashout to fiat currencies in a heartbeat once this thing tanks. which will be brought about by a recession...because I dont think the landlord is going to want your Bitcoin to pay the rent.
The last deep prolonged recession when US unemployment rate was over 9% was in 2008. Bitcoin was birthed in 2009 and so was not widely adopted at that time. Since then, we have not had a deep recession that would've tested Bitcoin. So, when the big one hits (and it will) it's going to be a bloodbath for Bitcoin holders.
Good luck!
TahToh
npub1tf…akk66
2024-03-11 22:26:56
in reply to nevent1q…u2ph
Author Public Key
npub1tfej4hsh3n9u9cshzhucae2xfyzqy2u9y8ltzll52vxdv9hrkkcqrakk66Published at
2024-03-11 22:26:56Event JSON
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"pubkey": "5a732ade178ccbc2e21715f98ee5464904022b8521feb17ff4530cd616e3b5b0",
"created_at": 1710196016,
"kind": 1,
"tags": [
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[
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"content": "what goes up, must come down.\n\nthese ppl will cashout to fiat currencies in a heartbeat once this thing tanks. which will be brought about by a recession...because I dont think the landlord is going to want your Bitcoin to pay the rent.\n\nThe last deep prolonged recession when US unemployment rate was over 9% was in 2008. Bitcoin was birthed in 2009 and so was not widely adopted at that time. Since then, we have not had a deep recession that would've tested Bitcoin. So, when the big one hits (and it will) it's going to be a bloodbath for Bitcoin holders.\n\nGood luck!",
"sig": "d9f66485965cca5a4742e8d9a95111f035579f3b3cfe3244ce010cb944657ebb3f76aafa1b3418ac3ac9aafa5cbb29fc263fcf2fec676147f96fa51fbb61fb23"
}