RE: While we were sleeping...

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While we were sleeping...

in markets •  8 years ago 

Seems bitcoin is demand dependent... if US goes into recession, who will have money to buy it seems to be response. It's not a store of value so far and if sentiment changes on US economy so goes bitcoin. too early to tell just thinking out loud.

markets
8 years ago by

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      ·  8 years ago 

    I've been wondering that about metals too. Who is going to buy my $50 silver and with what?

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        ·  8 years ago 

      I agree. At the very least I would expect them to hedge the declining dollar and or the nominal price will rise as dollar falls not that people would be buying but...

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