Thread 60800913

Is this bullish for BTC?

>>60800913 (OP)
Bitcoin is going to zero. The Jews won't allow you to make it, they are smarter than you and they always win.

>>60800913 (OP)
Russian stocks are dumping after this
Talk of the town is that Russian bank VTB is in trouble and might run into liquidity issues. If there is a bank run, Bitcoin is THE thing that a lot of Russians will see as a safe haven. So yes, bullish for BTC

Anything that points to a stable future will raise asset prices.

>>60800933
You could argue the same the other way, uncertainty in global economy and fiat drives asset prices up

it feels like the bullrun has been cancelled

>>60800942
*frontrunned

>>60800913 (OP)
how about oil? if it keeps falling we will have the bullrun of the century

>>60800940
BTC is not an asset.

>>60800926
bankruns can't happen anymore. this is one reason why real physical cash was switched to digital convenience credits

>>60800964
you're thinking of monero

>>60800967
>bankruns can't happen anymore
mechanism would be slightly different but ultimately you would still get inflation and flight to safety. It's the 2nd biggest bank in Russia so the government is going to step in and print its way out whether it's digital or paper.

>>60800991
trick is that most of your money is probably in a bank so they can just do what happened in greece or even straight up steal from you like they did in cyprus and npcs are so submissive that no politicians will even lose their life for this

>>60800999
bail-ins would make BTC look extremely attractive to people (now rightfully) afraid the government will take their money. You can't really avoid it, weak banks = flight to safety. As long as those banks don't own tons of crypto, then it seems bullish for crypto.

>>60801087
yeah but will you make it out of the door before they lock it?

>>60801112
This is a good point. Russians should be buying right now, no delay, and they HAVE TO self custody their coins.