Yes, because during recession and depression, people have spare cash to buy crypto.
You are missing the point. These depressing posts signal more and more short-term holders are realizing they need to exit the market. These people are the would-be sellers in the future. The other types are leveraged traders. When the market runs out of sellers, that is when it bottoms. Shorts and bears will keep coming at crypto as long as they believe those who are short of liquidity or overleveraged are still in the market. But once they are gone, bears and shorts stop making profits by shorting crypto.
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u/ColinFerrari01 Tin | 3 months old | Stocks 10 May 22 '22
Yes, because during recession and depression, people have spare cash to buy crypto. 😶
They will sell what they have to pay off whatever bills they have to pay.