Topic: Recession and Bitcoin - page 2. (Read 502 times)
The statement is somewhat dicey, but i don't think bitcoin can go into recession considering the way people are rooting for it. The only problem i see with bitcoin is that it is not centralized and as such internet flop can affect it, but for going into recession is not something that will happen anytime some at least not now
Well, as volatile as BTC would be. I think recession will affect the price of it. It doesn't exclude crypto currency on this. But I guess we can say that crypto currency will be our saving light since this investment option is so volatile that it could still follow its trend even after the recession hits
There's no chance bitcoin will be an asset that can be like gold. Until now, gold has become a safe investment place and much in the choice by investors. Bitcoin has not been able to be a place for investment, the internet network is too difficult to say as a safe place. Only people who dare to start an investment in bitcoin, they are ready to lose money under any circumstances.
As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.
I think Golds is the safer asset rather than bitcoin,because Gold can't be stealing by anybody when you place it at the right place and safeties place.But bitcoin can stole by anybody when they know your wallet or they can access your wallet.So be careful to trust people guys.Money is the topic between Gold and bitcoin.
I think that if there's going to be a recession, Bitcoin will take a big hit too.
I would see a lot of people making withdrawals to be able to pay for stuff with FIAT. Usually, when there's a recession, everybody gets hurt and with the volatility of the crypto market, I think it will be the first one to be hit hard.
I would see a lot of people making withdrawals to be able to pay for stuff with FIAT. Usually, when there's a recession, everybody gets hurt and with the volatility of the crypto market, I think it will be the first one to be hit hard.
I was thinking about this for a while and I made the conclusion that everything is depending on us, humanity. If we would make decisions which would be positive for a blockchain technology improving, it has an ability to became a worldwide payment system. And vice versa.
If there would be a recession, all forms of money we hsve today would be useless, and the only legit form of payment, will again be gold or we migjt go bakc to a barter exchange, bitcoin would also not be amsafe haven for all, since bitcoin is volatile, rather than sepnding bitcoin, people might just HODL for a very long time and wait till the recession surpasses, but during the event, bitcoin will also be obsolete, since its fiat counterpart would be of no value.
Recession is normal healthy economic cycle or it was.In that modern financial world what is manipulated by central banks healthy economic cycles don't occur anymore.Gold is not safe investment because dollar will rise.Bitcoin in my opinion is financial asset
already adopted by speculators in btc futures.derivative traders don't care of kind of asset they make money when price rise or price is going down
Speculators have paradise on bitcoin trading because bitcoin trading is not regulated zero scrutiny that what is illegal on fiat money market is legal on btc
I hope CFTC will do something in that case it can help crypto a lot
already adopted by speculators in btc futures.derivative traders don't care of kind of asset they make money when price rise or price is going down
Speculators have paradise on bitcoin trading because bitcoin trading is not regulated zero scrutiny that what is illegal on fiat money market is legal on btc
I hope CFTC will do something in that case it can help crypto a lot
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If the recession predicted by the economist experts does happen then Bitcoin will be the safer asset for people and this would also give Bitcoin more popularity and more profit for we cryptonier. Meanwhile, this could be the reason why the whales flooded the market so we could buy dip.
Virtual entities such as Bitcoin (because they do not carry currency features) have a permanent quality because the new technology behind them is applicable in different areas and because of the existence of individuals who always want to operate outside the public control and banking system in the world.
On the other hand, if you read a bit of financial history, unconscious in an asset group, do not know the risks, and only investors who deal with inflation information, the speculative balloon will inflate and explode soon.
people generally had insecurity about bitcoin . this recent drop price suggests that we are going to have a somewhat calmer period. we'll have to wait a while.
On the other hand, if you read a bit of financial history, unconscious in an asset group, do not know the risks, and only investors who deal with inflation information, the speculative balloon will inflate and explode soon.
people generally had insecurity about bitcoin . this recent drop price suggests that we are going to have a somewhat calmer period. we'll have to wait a while.
I do not think so. the more advanced technology will create a better coin and superior among coin or token that already exists. everyone needs better coin and long term prospects.
The simple answer is No. Bitcoin won't be counted as a safe have for your money or any other cryptocurrency in that matter. Come one guys it is the recession, unemployment is up and profits are down, the only way to compensate their need for money is of course liquidating their assets and cryptocurrencies being more liquid compared to real estate, I think cryptocurrencies is are the first one to fall. I maybe wrong but more liquid assets tends to changes more as they are easily sold unlike real estates and other immovable properties. Bottom line is no asset is safe during the recession, but this could be everyone's opportunity to catch something at a cheap price.
For me bitcoin looks similar in terms of investing to gold, but with only one exclusion, that in my country gold is continuously growing in its price, and bitcoin is everytime jumping.
As with every currency, the rise and fall of btc only makes it a more reliable means of exchange. Shows it's driven fully by market forces
I hope it will be a safe solution for bitcoin in the future, and more attract investors and even attract governments in every country.
May be you are right and this crypto will be the only option in future because of the advancement in technologies and the outdated way of cash printing. Even if it is resection, and even if it is the case of unemployment, Bitcoin will stand as robust as possible and might even outshine the USD for the need for an international currency available to all and which do not need the job of printing and carrying cash in lockers will be more.
Recession and Bitcoin I do not know what it means for me, until whenever I will choose bitcoin to work, because I work in bitcoin for a long time, bitcoin that will be number 1 to anytime.
Bitcoin has that capacity and potential to help during World economic collapse if our leaders can really adopt it. I have find out that no matter what our governments do or will do against bitcoin they are going to come back and used it during recession. The only thing is that bitcoin is decentralized and governments cannot control it and that is why they have not started using it to help our economy.
Another recession? I mean we haven't even recovered from the last one. But i think, like any othet economic asset, BTC and other crypto currencies will be affected by the recession when it hits... Again... But i think there was this country who actually didn't have a choice and used crypto currency because their fiat couldn't handle it.
Do you think bitcoin will be in recession and do you think we are in a downturn, bitcoin is having balanced and almost stable days because of the price difference it has in July few
If you actually took time to read what he posted, I am sure you will find out he was talking about bitcoin being used as a safe haven during the period of recession and not bitcoin being in recession as you have mentioned.Yes of course, bitcoin in the long run I believe will be a safe asset to store value during global economic meltdowns and recessions and this would mean a lot for this space and the early holders anyway. It is already considered as a digital asset, although volatile but that volatility will change anyway in the phase of huge global adoption.
The achievement of Bitcoin growth is influenced by many uncontrollable external factors for now, such as market and other mechanisms, then, there comes a time when the economy is entering a recession, every market will have time to face a recession, but I think in the future Bitcoin will not into the list of recessions, it will not be bad, where many people see Bitcoin in proportion to gold and other assets, increasing age, growing fans around the world and being able to avoid at least a recession, no market will continue to glitter.
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