Do tell…
Discussion
The gov won’t let the stock market complete the cycle. They will print money and fund all sorts of programs to keep the stock market running. Us bitcoiners will watch Bitcoin drop 70-80% and let the degenerates lose their shirts while we scoop up the cheap sats.
Ding ding ding
No way Bitcoin drops 70-80%. In Dec 2018 BTC hit a low and then 4x over the next 6 months.
I’m not saying bitcoin will drop 70-80% (although anything it possible). I’m saying bitcoin is a free market and if the market conditions are right for a correction in price, there’s no government to bail it out. When the stock market starts to correct or go into a borderline recession, the government lowers interest rates and funds programs to rescue the market. Peruvian bull is insinuating that if the stock market continues to drop, the gov will save it through monetary debasement (I.e orange coin go up). One thing presidents and politicians love to point at is how good the stock market is doing. It’s a scoreboard for them.
Don’t disagree with what you said minus the 70-80% decline comment.