In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?
I think that it is recession that will have effect on bitcoin, I mean positive effect and not the other way round, because in the event of global recession, people would want to look for a safe haven where they would like to keep their money and I think with the exposure of bitcoin to the world, they will want to consider bitcoin market first, and the good thing about that is that money will stay more in the market than it leaves, and there will also be high demand on bitcoin because people might place large amount of money in the market to buy bitcoin, so this should make the price of bitcoin climb so high which after recession would have even made the money of such individual double And be returned back to their traditional bank. 
Topic: Bitcoin and recession (Read 300 times)
When recession approaches every product value goes down, retailers are bound to sell their holding at a low price so I do not think BTC investment can save anyone from recession. Fiat currency may be savior in recession times. Bitcoin is very volatile in nature so its a bit difficult to predict its behaviour. It may react opposite to anyone expectations and start growing but if we talk about risk then Bitcoin may not be the right investment option in recession period.
I can agree that Bitcoin isn't solution for recesion. In certain way it can help if you change your coins into fiat at the right moment. Although fiat money isn't directly linked to cryptocurrencies is hard to predict how the price will behave in the time of recesion. That is why it would be wise to split funds between fiat and crypto savings.
yes of course,being the future of currencies has it's ups and downs.bitcoin despite the number of times it has fallen over the years,it has also risen over the years.It's just a matter of understanding the market and great benefits will be made.BITCOIN IS THE FUTURE!
In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?
bitcoin, a savior in a recession? i don't think so. recessions are times when investors unwind risky positions rather than add to them. "cash is king" becomes the norm. retail investors are pressured to sell their holdings (bitcoin or otherwise) due to layoffs and furloughs. so i definitely don't see the bitcoin market benefiting from slowing economies and crashing stock markets....just the opposite.
But if we are talking about the US dollar and Bitcoin, so I think that Bitcoin will only be dropped in value, but this will not kill it, unlike the dollar, which can get default
When recession approaches every product value goes down, retailers are bound to sell their holding at a low price so I do not think BTC investment can save anyone from recession. Fiat currency may be savior in recession times.
What? Of course not lol. Take a look at what happened to Venezuela. Did fiat currency save them? Hello no. It was actually the opposite. Take a look at what happened to the Venezuelan Bolivar's value: https://nypost.com/2018/08/20/venezuelan-bolivar-is-worth-more-as-toilet-paper/ It's valued so low that Venezuelan Bolivar bills were pretty much on the sidewalks.
While I'm not saying that bitcoin is the right bet to make in a recession, it may definitely be better than holding fiat.
When recession approaches every product value goes down, retailers are bound to sell their holding at a low price so I do not think BTC investment can save anyone from recession. Fiat currency may be savior in recession times. Bitcoin is very volatile in nature so its a bit difficult to predict its behaviour. It may react opposite to anyone expectations and start growing but if we talk about risk then Bitcoin may not be the right investment option in recession period.
I think Bitcoin was designed as an asset with the potential intent of curing or rescuing people during recessionary times. I have also always suspected that Bitcoin was designed to alleviate poverty around the world, but I could be wrong about that.
remember the hashed message in the genesis block about the bank bailouts? i think bitcoin was more so a response to the socialized risks around fiat money and banking.
recessions will inevitably happen and i don't see how bitcoin could rescue people in those times---it doesn't provide jobs or put food on one's table. but keeping value in bitcoin does prevent governments from stealing your money through inflation, bail-ins, bailouts.
Satoshi Nakamoto developed Bitcoin after the economic crisis that we had back in 2008. He realized that bailouts to Banks was not the solution for the problem, so he created an alternative safety net for people to get out of the Fiat system and to have full control over their own wealth.
So when the global economy finally collapse, people will still be able to use an alternative currency and they will have stored their wealth in something that would increase in value. < In economic hardship, people turn to investment options with a store of value and Bitcoin would provide these investors with a store of value.>
So when the global economy finally collapse, people will still be able to use an alternative currency and they will have stored their wealth in something that would increase in value. < In economic hardship, people turn to investment options with a store of value and Bitcoin would provide these investors with a store of value.>
I am very sure that bitcoin is persisting, because Bitcoin and the global economy continue to increase instability, it is very possible that any major change in the economy today can reach a paradigm shift that moves more people towards Bitcoin. Digital currency is the most important asset that can be accessed by everyone, like most of the respondents who don't know what cryptocurrency is. Because Bitcoin and the global economy continue to face increasing instability, it is very likely that any major changes in the economy today can lead to a paradigm shift that is moving more people towards Bitcoin. Let's wait and see!!
In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?
Based on CNBC, recession opportunity next year nearly 50%. The tendency of trade heats up cause the weakening economy. This condition, many countries respond by making fiscal and monetary policies. Investing in the stock market cannot guarantee profits. In my opinion investing in mining industry or bitcoin will be very profitable.
Dont know how you wanted to say it but am a bit confuse if you are trying to say pple think bitcoin is the best way to survive by investing and many are trying to invest in the bitcoin to make the end means , ans if we really believe it can deliver, which I will say yes , cos bitcoin in 10years ago was way below cents in dollar and as at today its standing above $10000 per one which I also believe that in one to two years now it will be bigger than $100,000 so if you can invest little by little as a form of future plan and store of value , it will pay in due time.
I think Bitcoin was designed as an asset with the potential intent of curing or rescuing people during recessionary times. I have also always suspected that Bitcoin was designed to alleviate poverty around the world, but I could be wrong about that.
Precisely. One of the reasons why bitcoin exists is to hopefully protect us from economic uncertainty due to bitcoin being a non-correlated asset. But then again, not everyone knows that. I'd bet that a big percentage of the bitcoin holders doesn't even know that bitcoin was birthed a year after the financial crisis of 2008.
I think Bitcoin was designed as an asset with the potential intent of curing or rescuing people during recessionary times. I have also always suspected that Bitcoin was designed to alleviate poverty around the world, but I could be wrong about that.
Bitcoin was first developed and released during a very dark and difficult period of The Great Recession. In fact, if you bought a bunch of Bitcoin during those beginning stages for extremely cheap and held onto it all, you'd be damn loaded with dough to the hilt!
I am unsure how anything will play out in the future but I would think people do not have much to lose by being invested in Bitcoin today and through the course of at least several more years as things develop more. With an increased interest, sparked by a recession, history might repeat itself.
Bitcoin was first developed and released during a very dark and difficult period of The Great Recession. In fact, if you bought a bunch of Bitcoin during those beginning stages for extremely cheap and held onto it all, you'd be damn loaded with dough to the hilt!
I am unsure how anything will play out in the future but I would think people do not have much to lose by being invested in Bitcoin today and through the course of at least several more years as things develop more. With an increased interest, sparked by a recession, history might repeat itself.
In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?
I guess it depends on what's meant by the recession, because it can refer to various kinds of things that are decreasing in price. So if it's the Bitcoin's recession, then Bitcoin is definitely not the best investment. However, if we are talking about the global economic recession, I'd say there's a serious threat of fiat crushing, so Bitcoin would probably be my choice. Surely, Bitcoin can drop as well during this time, but it has the habit of recovering eventually, which is not really a treat of the fiat. And if we're talking about something like the World atomic war, then no money can save us, I'd buy some non-spoiling food, weapons, warm clothing, and cures.So the answer is that it depends on the specific situation.
I think that if the economic downturn takes place, investing in Bitcoin and blockchain technology is a safe solution to avoid market volatility. Although it is not stable, instant transactions and decentralization are its advantages in a recession.
For now we know, that in countries live Venezuela and Argentina many people prefer BTC than own currency or stocks because of the terrible recessions (or even total economic crisis).
This may suggest that in case of a stock market crash there is a high chance that there will be a shift from stocks to BTC, as a store of value. And regulating cryptos could be one of the main reasons to persuade them.
Still, we should be aware of one thing - BTC came into life AFTER the last global economic crisis took place. Our, Linkkoin's bet would be all for BTC.
This may suggest that in case of a stock market crash there is a high chance that there will be a shift from stocks to BTC, as a store of value. And regulating cryptos could be one of the main reasons to persuade them.
Still, we should be aware of one thing - BTC came into life AFTER the last global economic crisis took place. Our, Linkkoin's bet would be all for BTC.
How successful bitcoin helps at times of recession is completely based on the acceptance. If I'm not wrong by the time of recession there won't be much of money flow. When there is lack of money flow surely there won't be much of market progress with bitcoin. Maybe based on the previous recession we can make a comparison and predict the chance for the present moment.
Only the planning and the execution from the governments functioning on different countries were the way to stay out of recession.
Only the planning and the execution from the governments functioning on different countries were the way to stay out of recession.
You are right. Just I expect that the (sum of) money of all those try-to-get-rich-quick is no match for the really big whales, the ones that have bitcoins enough to buy entire businesses.
True. That's also really possible.Also the small fishes don't affect the price, since they don't buy or sell all at once, while we've seen the whales doing that.
Yes, they might be small fishes. But all together? Could be a huge ass school of fishes that could start a sort of domino effect on the markets as they slowly(not necessarily at the same time) dump their coins.But then again, we really don't know what's going to happen. We can only speculate for now. Time will tell.
In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think?
Normally, volatile assets are avoided during a recession. As you can see Bitcoin is also a volatile asset, so I don't think that Bitcoin will attract new investors as some have suggested. However, I agree with Jet Cash that Bitcoin is a non-correlated asset and having a non-correlated asset to your portfolio is good.
Does Bitcoin survive?
Of course, it will.
Bitcoin would certainly be used as a hedge for people who know about its properties. It may not be as hit as it would be right now, but once everything around us crumbles, especially the stock markets and the real estate, gold and bitcoin would be the ones which people will cling to until the crash subsides. This is said in a non-biased way since well, we know how bitcoin performed for the past 10 years, and it will ultimately be the same thing that will happen should another recession/economic meltdown is to happen.
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