"But what if it crashes?"

[Creeper0]

Nothing is permanent, it eventually collapses. Fiat money was not there from the beginning, it was created and it will end. It is true that Fiat is now on life support, maybe it will die after some time and a new financial system will be introduced. Over the ages we have seen the beginning and end of the barter system, the metal money system, the gold standard system and the commodity price based financial system. Now may be the time of the fiat system and we will see it die.

However, inflation is just a trap and a manipulation strategy of governments. To keep the people under control, they always put pressure on the people and force you to be controlled by the government.

[Churchillvv]

People who ask such a question are most often lost cases. It is next to impossible to educate someone who does not want to be educated. That is the big lesson since Bitcoin's inception.

Probably the hardest thing ever, I know and have tried a lot of times to educate a few people but discovered they aren’t willing to learn even though you give them all the reasons in the world.

Basically from my perspective of crashes, everything has ups and downs but not sure I can figure out the ups of fiat or maybe the temporary maintenance of price value, apart from that honestly, I don’t see any upside for fiat just down in long term.

[Radin]

Everything can crash and loose value, but as we all know: 1BTC = 1BTC. Always. Forever.

[Z-tight]

Some people forget that BTC was at an all time high just a few weeks ago, so it is not like it has been down for such a long time. Precious metals are also not crashing, gold is above $4000 and silver is above $50. To be honest, when it comes to crypto, i would only worry about my asset 'crashing' in price if i was holding altcoins. As for BTC, i don't really care if it drops in price, because it is expected. The price will surely correct or drop after a consistent rise, it is nothing to be too worried about as far as i am concerned.

[Big Dirams]

Rent crashing upwards cracking me up Hahaha

Fiat is on a life support machine attached to a printer IV drip while Bitcoin be like I'm out here just vibing, I don't need life support. Bitcoin crashes equal to transparent AF, everyone sees the dump but when  Fiat crashes equals we are working on a plan lol 

You just described everything is fine but with extra drama. I must say I am always impressed and intrigued with your writings

[peter0425]

What makes me like bitcoin more is yes it is down now but I am confident it won’t be in a few years something we can’t really say about other assets. At least even though I am not going to make profit with bitcoin right now, I can be confident that in a fe years time my money would have grown.

[Free Market Capitalist]

This reminds me that humans tend to overestimate short-term risks and underestimate long-term ones. Applied to this specific case, many people are freaking out about Bitcoin's recent 30% drop and think fiat currency is safer, even though it depreciates constantly, theoretically between 2 and 3% per year if you don't live in a shithole, but in reality we know it's closer to 10%.

[davis196]

I agree with your points, but do you really believe that Bitcoin is any better than the fiat money world? Mass BTC adoption had slowed down, 98% of the Bitcoin investors are buying BTC simply because they are waiting for a higher Bitcoin price in the future. The BTC blockchain cannot fully replace the fiat financial system. What do you mean by "crashes honestly"? A price crash cannot be dishonest. Do you consider a price drop from 125K ATH to 87K USD to be an actual market crash. A real price crash would be the price dropping by 50% or more. Also lets not forget that Bitcoin's price growth was fueled by the fiat money printing machines, that all the Bitcoin fanatics love to hate.

[Wind_FURY]

Look around you.

Everything's crashing.

Fiat currencies are on life support, kept alive by printers and media propaganda.

They may have "problems", but they're not on "life-support", unless you live in a country with actual Hyperinflation.

Your savings account? A hospice bed for purchasing power that died years ago.

Your retirement plan is two decades of back pain and a government apology that says "We're sorry, the funds aren't there."

The food quality is crashing. Because it'd either be the quality, or food would have its own altseason.

Your rent is also crashing. Just upwards.

Fiat crashes with bailouts, supercommittee emergency meetings and "temporary liquidity injections."

All that while "economists" lecture you on "monetary policy" and why a 2% inflation rate is a reasonable target.  

At least bitcoin crashes honestly.

The laughable problem with, "Bitcoin crashes honestly", is that its price surges and crashes depending on the current "Monetary Policy" of the Central Bankers. If it's to "crash honestly", that's because the Monetary Policy is more about tightening than expansion.

  ¯\_(ツ)_/¯

[henry_of_skalitz]

I agree with your points, but do you really believe that Bitcoin is any better than the fiat money world? Mass BTC adoption had slowed down, 98% of the Bitcoin investors are buying BTC simply because they are waiting for a higher Bitcoin price in the future. The BTC blockchain cannot fully replace the fiat financial system. What do you mean by "crashes honestly"? A price crash cannot be dishonest. Do you consider a price drop from 125K ATH to 87K USD to be an actual market crash. A real price crash would be the price dropping by 50% or more. Also lets not forget that Bitcoin's price growth was fueled by the fiat money printing machines, that all the Bitcoin fanatics love to hate.

There are two sides to every story.

And I wouldn't say BTCs end goal is to overwrite fiat, but rather, always be an alternative to it available fot the people.

[Pauldesaints]

It will not be out of place if Bitcoin crashes,all the investors will be monitoring the situation as it have done that and things still returned to normal.so if it crashes it will affect all and sundry but all the investors will have to exercise patients as usual until normalcy is returned.all we know is that Bitcoins crashes can't last to eternity it's something of some months or possibly years.

[maydna]

If Bitcoin crashes, I will wait no matter how long it takes. Bitcoin will rise, slowly or fast, and more support will come to Bitcoin. We may live in a new era where many things crash and there's no hope for anything. That will doom all humans because we are in the dark ages (again).

But just positive and still hope that the shine will guide us to break the barrier. We will survive in the hardest situations, including Bitcoin. We must survive even if it is hard because we are not alone. Many people are doing the same in their own ways so we must hodl.

[letteredhub]

Traditional banks do crashes to ground zero and yet people still make deposits, and savings with the banks no matter how one after another crashes. And yet when you talk about bitcoin, same set of people would be so fast to ask you, what if it crashes.
I do always reply them with, what if it doesn't! Life is about risk of you must grow financially you must take risk, calculated risk of course. If you fear it might crash, why don't you risk the amount of funds you can afford to lose, and stop being pessimistic with what others are making plans for the future with.

[Myleschetty]

Look around you.

Everything's crashing.

Fiat currencies are on life support, kept alive by printers and media propaganda.

Your savings account? A hospice bed for purchasing power that died years ago.

Your retirement plan is two decades of back pain and a government apology that says "We're sorry, the funds aren't there."

The food quality is crashing. Because it'd either be the quality, or food would have its own altseason.

Your rent is also crashing. Just upwards.

Fiat crashes with bailouts, supercommittee emergency meetings and "temporary liquidity injections."

All that while "economists" lecture you on "monetary policy" and why a 2% inflation rate is a reasonable target.  

At least bitcoin crashes honestly.

Every government believes in the monetary policy that will weaken fiat currency, if not that they won't have to print new money every year. Since nothing in this world is perfect, I believe that a crash should always be welcomed.
I believe what's important now is how we will find a solution to the crash through things like BTC and treat the crash in our favour, because for every problem, there's always a solution hanging somewhere.

[FortuneFollower]

Traditional banks do crashes to ground zero and yet people still make deposits, and savings with the banks no matter how one after another crashes. And yet when you talk about bitcoin, same set of people would be so fast to ask you, what if it crashes.
I do always reply them with, what if it doesn't! Life is about risk of you must grow financially you must take risk, calculated risk of course. If you fear it might crash, why don't you risk the amount of funds you can afford to lose, and stop being pessimistic with what others are making plans for the future with.

Treating your funds responsibly, as well as your coins, is the skill that would save anybody tons of nerves, time, and said funds, respectively.

Sadly, only with experience people do grasp the idea of it being so important..

[Stormisover]

Who even came up with the idea that things will always maintain a particular level or trend? Nothing stays the same, even time which is said to be the most valuable commodity isn’t static. The only thing that’s constant in life is change itself, so rather than complaining about changes, we should learn to adapt to changes and sort for ways manage, cope and survive those changes. I hear people complaining about how Bitcoin is crashing, and making a big fuzz about it, and when I see people say funny things about Bitcoin crashing, all I see are ignorant and naive people who fail to accept changes.

Complaining itself is part of the journey for adaptation is a most and of course what we are very good at, it is not funny though but it is what it is and only the ignorant perish in resentments rather than working towards standards stability and sustainability. Is a free world and anyone can act according to their own level of understanding, Bitcoin is already far better than it was from creation and those making funny gist about it doesn't really know what are doing because if they do they will say otherwise but nevertheless time is a factor of change.

[GreatArkansas]

I agree with your points, but do you really believe that Bitcoin is any better than the fiat money world? Mass BTC adoption had slowed down, 98% of the Bitcoin investors are buying BTC simply because they are waiting for a higher Bitcoin price in the future. The BTC blockchain cannot fully replace the fiat financial system. What do you mean by "crashes honestly"? A price crash cannot be dishonest. Do you consider a price drop from 125K ATH to 87K USD to be an actual market crash. A real price crash would be the price dropping by 50% or more. Also lets not forget that Bitcoin's price growth was fueled by the fiat money printing machines, that all the Bitcoin fanatics love to hate.

There are two sides to every story.

And I wouldn't say BTCs end goal is to overwrite fiat, but rather, always be an alternative to it available fot the people.

This is given, Bitcoin will stay, and fiat will stay too, it's just an alternative, just like what we are using in our daily lives when paying for something, more payment method options.
And for me, that is also the reason which seems we recently mostly correlated in the global market, especially the stock market recently, stock market dump = bitcoin dump too.

[buwaytress]

Hear you OP. Quality of quality is crashing. Trust is crashing. Faith. Belief in what we're doing. Bitcoin's crash really seems to be as clear cut as things can be.

Meanwhile, we're all (most anyway) still using Bitcoint the way we always have. With more decimals than a few years ago, with surely more decimals the coming few years.

[purple_sparkles]

In my opinion, it’s not going to crash anywhere. It will simply form another long wave on the chart down and then back up with new strength. The only thing one can regret is not managing to take profits at the peak, which means selling cheaper now or waiting for the next cycle. At this point, I don’t think bitcoin can disappear at all, there is already too much global attention around it, and too many powerful corporations and governments are using it.

[uche6215]

Everything is crashing but there is no hidden truth on Bitcoin. And everything is open for all and see. There is transparency and accountability in bitcoin.

But Fiat has it own secrecy and lead by the highest corrupt leaders in the world call government. Which governing the fiat, palliatives, supplementary budget to siphon funds to their pockets.

Insurgency, Banditry, Boko Haram is another avenue for the political class to siphon funds. Insecurity is an another way to make money by the rulling class.

National Disaster is way of making money by the corrupt politicians. Climate change becomes a money making machine for the political class.

Everything is really crashing but above all it is only Bitcoin crashing others are to suffer humanity.

Be patient my fellow enthusiast of bitcoin, it will rise again.