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RE: Ready for a pullback?

in #cryptocurrency6 years ago

I suppose that the "when" is the (literal) million dollar question. Depending on its state of adoption at the time, crypto could either be the obvious solution in such a crash, or the "luxury" to give up.

For now it is still deep in luxury territory. The indicator will be how closely crypto remains linked to traditional financial assets and indicators. The more divorced crypto becomes from the performance of things like USD or the Dow Jones, the better.

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It'll be interesting to see what happens for sure, it could go either way. People could dump it because they need the money (if it's still mostly amateur investors by then), or maybe the pros will put money into it as a safe haven away from FIAT.

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