BTC has been a good investment op, and whenever you make BTC your choice among other cryptocurrencies in the market, I guess it will allow you to accumulate profits that will make you to begin to see BTC as the king among other cryptocurrencies, which is what BTC is right now in the industry.
If you have not stock your BTC for long period of years before, I will advise you to try it to hodl your BTC like 4 or 5 years before you can sell, you will agree with me that BTC investment is a good investment to put money in the bear run.
I know you have seen other projects that is making you feel like BTC investment is not the best, just try the investment with what you can afford to lose, then you will believe BTC investment is the best.
Topic: Can Bitcoin be a good investment over stocks in a recession period ? - page 3. (Read 475 times)
June 22, 2024, 08:47:02 AM
June 22, 2024, 08:46:29 AM
If you look at past data, you will easily get the answer to the question relative to your country because recession is rarely universal else it becomes global economic meltdown like we had in 2008 when bitcoin was not yet created. As for country specific recession, bitcoin is definitely a good alternative because whenever currencies fails, people look towards other assets of which bitcoin has proven to be one of such reliable asset. I remember in 2020 during the coronavirus pandemic, a lot of people invested in bitcoin and towards the end of the year, the price moon when stocks were crashing.
I agree that stocks easily get affected by recession because during a recession company can easily get impacted with losses that’s why you see things like companies reducing staffs and so. Having stocks here can cause panic and many people can start reducing their investment holdings leading to bearish periods for the stock, that’s why the recession effect is dependent on the type of stock you invest in.
Bitcoin on the other hand doesn’t have a central body and a country recession doesn’t affects it directly, but a global recession too will definitely affect the trend of bitcoin. During recession people are bent in to reducing their costs and more often volatile assets are the ones they do away with. A strong supply power as we know leads to fall in place
June 22, 2024, 08:44:40 AM
Can Bitcoin be a good investment over stocks in a recession period ?
In my opinion, bitcoin is better and that is why we are here and choose bitcoin.
Also, explain why do you feel so ?
Of course, we choose bitcoin because of its profits, bitcoin clearly brings significant profits and outperforms other investments, not just stocks. But apart from the profit factor, bitcoin is far superior as it is not just an investment but also provides us with use cases. With bitcoin, you can manage and store your assets yourself without depending on third parties, you can use it as currency, cross-border payment method...The stock market does not provide you with these facilities other than using them for investing.
June 22, 2024, 08:31:12 AM
Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
It depends on the kind of stocks you are investing in. There are stocks that do well even in a time of recession. For example if a country is involved in fighting war despite the having a recession in it's country, individuals who invest in a company that produces ammunitions and other war stuffs will witness a rise in their investment even though the country is in a recession. Aside this, yes Bitcoin is my go to asset for investment during a recession or any economic downfall. It saves and preserves my wealth. 
June 22, 2024, 08:24:20 AM
It would have been a good thing to look at had Bitcoin been in existence before the beginning of the Great recession in 2007. But in general, Bitcoin has performed quite well compared to most if not all stocks from the time of its inception
Let's not forget that back then, the price of Bitcoin was in cents. Today, I don't think we shall see yearly moves of 2,000%, like it was possible back then. So If a recession were to happen today, things may not be the same as they were 15 years ago.
Let's not forget that back then, the price of Bitcoin was in cents. Today, I don't think we shall see yearly moves of 2,000%, like it was possible back then. So If a recession were to happen today, things may not be the same as they were 15 years ago.
June 22, 2024, 05:48:27 AM
Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Bitcoin is better than other investments during any economic period because of its greater volatility as well as its ability to increase in price. But how much profit you can make from it depends entirely on your abilities, not decided by bitcoin.
Bitcoin is better and has more potential, that doesn't mean you don't need knowledge and experience to rush into investing blindly and expect big profits. Financial markets don't work like that. It doesn't matter which market it is and profits will come from your knowledge, and not the market's decisions.
If you have no knowledge, no experience but want to get rich quickly and think that just investing in bitcoin without doing anything else will achieve what you want. Then you will even lose everything, let alone how much profit you earn. Meanwhile, stock investors with knowledge and experience...will make more profits than you.
June 22, 2024, 05:26:43 AM
Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Our choice of investment should be based on what we believe. If you are the type who has so much faith in the stock market and is too lazy to handle your security by yourself, then the stock market will be the best option for you. But if we are to go with privacy and self-custody, then bitcoin is the best option for me. You have to be the one to decide what you really want and where you want to invest your money.
Each type of investment has its own risk, and you need to weigh them based on what your purpose or investment is and choose the one that will be best suited for that investment purpose.
June 22, 2024, 05:18:46 AM
I still dont get why people think stocks is like gambling while bitcoin is not. Both are equally volatile and have their own set of risks with overlap. Does not make either of them good or bad, they have their own unique profile.
So if you are already invested in bitcoin before a recession hits, then it makes sense.
Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
In the time of recession, the costs of goods may drop and income may also reduce unless you are working in some specific sectors. You might not have money at hand to be able to continue to investing-rich lifestyle instead have to come to minimalist lifestyle to choose the needs over luxuries and by all means investing is a luxury that comes after needs.So if you are already invested in bitcoin before a recession hits, then it makes sense.
June 22, 2024, 05:13:31 AM
I like bitcoin because you can hold it and have complete control over your coins, unlike stocks that you do not have complete control over.
Stocks are many. There are some that are very volatile like gambling just like altcoins are very volatile. Bitcoin is less volatile. So if you want to compare both, you can mention the stock that you want to compare bitcoin with. But as for me in general, I will prefer bitcoin.
Stocks are many. There are some that are very volatile like gambling just like altcoins are very volatile. Bitcoin is less volatile. So if you want to compare both, you can mention the stock that you want to compare bitcoin with. But as for me in general, I will prefer bitcoin.
June 22, 2024, 05:08:43 AM
If you look at past data, you will easily get the answer to the question relative to your country because recession is rarely universal else it becomes global economic meltdown like we had in 2008 when bitcoin was not yet created. As for country specific recession, bitcoin is definitely a good alternative because whenever currencies fails, people look towards other assets of which bitcoin has proven to be one of such reliable asset. I remember in 2020 during the coronavirus pandemic, a lot of people invested in bitcoin and towards the end of the year, the price moon when stocks were crashing.
June 22, 2024, 04:23:52 AM
Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
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