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Comment by Jordy_Man | Hacker News Reader

Crypto Assets like Bitcoin and Ethereum will play a roll in this. I believe we will continue to see big gains in the crypto world and this will only make large institutions jump over when their typical markets start to make a down turn. The next 5 years will be VERY interesting as we turn into a more decentralized and digital asset world.

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Is the goal of these posts showing up literally everywhere money happens to be discussed on the entire internet something along the lines of "if we spam it enough, maybe it will come true"?

Sometimes the best thing to do with a heavy bag, is set it down. Trying to convince everyone around you that the contents of said bag are more valuable than they are, just ends up annoying people.

Not at all, it is very topical to discuss cryptocurrency in step with a market downturn. Reason being is that cryptocurrencies are less vulnerable to the market fluctuations we see with government backed currency (read: I'm not saying their impervious to corrections, just those related to the U.S. stock market).

Directly related to the article? No. But it has merit because cryptocurrency didn't truly exist during the last major downturn and it will be interesting to see how people value it during such a scenario.

They're less vulnerable to market fluctuations because they're backed by nothing besides speculative demand and the online drug trade.

You could say the say the same thing about the U.S. Dollar but just add a military to the list.

Actually, taxation plays a large role in giving a currency value. The US government only accepts payment in US dollars. They require everyone to pay taxes in US dollars, which means we all seek US dollars. Add onto that the fact that the government has and uses tools to control inflation and deflation means we have a relatively stable currency. We know that the US government's long term intention is its continuity. (We do not know the intention of the Chinese mining pools that control large portions of Bitcoin, though, we can assume profit and not stability.) Tie all that into one of the strongest economies in the world and you have yourself a reserve currency.

It's a self-fulfilling economic model. If enough people, in the crypto community, think that their coin will act as a precious metal then you have an entrenched line of people holding onto the coin waiting for the inevitable rise of the price ashes.

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