Topic: Recession and Bitcoin - page 3. (Read 517 times)

I don't think that's true at all.  If a recession hits and people are out of work, they're probably not going to be buying a "currency" when they could spend what little fiat they make.  I think bitcoin is very prone to being adversely affected by a tanking economy. 

Having said that, bitcoin boomed during the last recession--in fact, it was born right at the beginning of it and bubbled over right in the middle of it (2013-14, when Mt. Gox happened).  I suspect that when the next one comes along, the price will probably drop significantly.  But who knows.  I tend to think of bitcoin more as a speculative asset than a currency, and it acts kind of strangely at times.  However, the rules of economics and finance are pretty much set in stone.  Bitcoin doesn't follow its own rules, even though it appears to occasionally.

Well,  it seems that you think bitcoin will recession and you're not believing in the future that bitcoin will rise again. How do you can get your success when you always think that bad thing will happens ?

Recession in my opinion will not affect bitcoin because bitcoin is a very safe and good digital asset compared to other assets. but that hopefully does not happen in the global economic recession.

Do you think the bitcoin is balancing? This is silly, anyone can see that the bitcoin has gone down very fast and continuously throughout 2018. It resembles the ragged after a flower blooms.

bitcoin right now i think in the stable position, in resistance price in 6,3k and i think not in the short time bitcoin will recover again in the last year like before we know

Positive years with good profit and economic stability and recession times change in periods.
Maybe it's time for new recession, although that depends on which part of world we are talking but still no.one can't guarantee that Bitcoin will be the stability point. Have you forgotten about high volatility and extreme fluctuations?
Anyway, I don't think that Bitcoin can be our saviour during recession time although it's not closely and directly tied to classic economy. We can rely on it partialy but it's not very likely that it can handle all the pressure.

that's right, and all predict bitcoin will continue to recession until the fourth quarter of this season. meaning in the next few months bitcoin still can not rise signifikant. but once the bitcoin has recessed to the bottom of its portal, it will go back up to the moon.

I don't think bitcoin can stand out during recession the reason is the volatility of this crypto can give no confidence to be the assets during recession.

It may happen. Because we should not forget that bitcoin and other currencies are nothing but bunch of the algorithm and smart contracts over the blockchain. They are always kept unchanged no matter what. The value each block receives is all about the market cap that it has. So if we send our assets into the bitcoin and store there then we already secure it with the bitcoin as its unit. It doesn't matter if in recession the prices went down because as soon as the recession period gone then we can see huge plunges in it and thus golden values to our holdings. So yeah it could be way to save our assets.

This is   a good  question.  i  think   bitcoin  will flourish   in  such  a  situation.  this  is  because it will be  considered safer  when  compared  to fiat.

Recession and Bitcoin....If the prediction of some experts about recession is true? my question is where? which specific country will be affected? It is Global or Regional? Now, how this affect the Bitcoin or the crypto world market...for me, Bitcoin won't be affected since it is Decentralized system of Digital transaction. Economic melt down of one country wont happen if there is not reason for it, like war, Oil price hike and a lot more big issue affecting such country but with the financial institution in placed no government would not do something before the meltdown or recession.

I remember europeans scrambling to purchase big screen tv's and electronics around 5 years ago when there was concern the euro would devalue and many expected the long term outlook of big screen tvs to be brighter than the future of EU printed fiat. Back then the economic crisis of 08' was fresher within public consciousness and there was much more interest in gold, precious metals and commodities deemed to have intrinsic value™ as people invested more effort into protecting themselves from economic concerns--which back then appeared to be a much more credible and dire threat.

In the present, 10 years removed from the 2008 crisis, people have relaxed their guard and forgotten the necessity of not trusting banks, governments or regulators to warn or advise them as to what the best policies are to avoid economic / financial trouble. Not many remember how little warning there was preceding the last crisis/recession, people probably feel better forgetting such things.

If there is another economic crisis or recession, we could see renewed public interest in gold, precious metals and bitcoin as there was after the 08 economic crisis. We could have renewed interest in doomsday preppers constructing bugout shelters or post apocalypse survival bunkers as they bury gold and silver in their backyards in preparation of government default or market crash.

When economists, analysts and experts have consensus agreement current budgets and spending are "unsustainable" it means everyone universally agrees a crash will occur at some point. The question is when. There is a slim chance reforms could solve many of the problems we face. What makes things difficult is the lack of knowledge and information available. Specifics in regard to why healthcare may be unaffordable and expensive prove elusive and impossible to come by, which makes issues regarding those topics difficult to identify much less solve.

Average people having more incentive to try something new and get outside of their comfort zones in terms of mainstream bitcoin adoption could represent a positive step towards addressing many economic and financial issues people face on a global scale. The preferable scenario is for some type of positive scenario lending incentive for a higher proportion of crypto adoption, without it being fueled by negative precedents such as recession or economic crisis.

Bitcoin is a fantastic thing and - with a little bit of skill and luck - it allows gains tht are impossible with other forms of investment.

But it is too unstable and volatile to consider it a security for the future.

In the event of global social problems or recession, I continue to believe that gold is the best option: bitcoin existed from 10 years, gold from 5000 ...

So, I keep parts of my assets bitcoin part for trading, but every time I can buy some gold.

Attention, PHYSICAL gold, not paper certificate!!!!!

Bitcoin has been with the founders and investors for more than a decade as you have believed, but the bitcoin has its ups and downs as well as the pace or pace of development it.

We'll I dont think that will be the case. Bitcoin will actually have to make its own support line to sustain in the time of recession otherwise it may drop to value of thousand dollar or below it. Do not forget that bitcoins' complete legacy is dependent upon how much money is being poured into it from the real world and thats two it gets value for it plus market cap for sustaining the long term journey. When the recession will occur then this money will get shut off because people mostly will transfer their fund into gold and silver as solid proof of stake. Thats my guess all about it.

IN MY OPINION , gold is a physical asset compared to bitcoin. The risk of investing into bitcoin is much higher compared to THE gold ... 

bitcoin price depends on the users, if many are capable in acquiring a bitcoin, the price will go up, but if there will be a recession, the price of bitcoin follows the downtrend, let us look at this example, many people are not yet into bitcoin, from the time it started to circulate online, the price varies, as the demand increases, so is the price of bitcoin, depending on the market, since we are talking about globally, the ratio is unparalleled. if recession occurs, the buying power of a nation is diminished, followed by another nation and so on, we can expect a deterioration of bitcoin price due to the diminished demands for it globally. therefore, we cannot say that bitcoin will still be safer if recession occurs in the future.  

Well, gold is a physical asset compared to bitcoin. The risk of investing into bitcoin is much higher compared to that of gold therefore global adoption will demand a regulatory body and that will diminish the important feature of the coin as being decentralized. Recession in the value of bitcoin creates more panic than any other invested asset. Well, its our hope that the coin makes a massive ascending once again and refrain from massive volatility.

Bitcoin is already being used in some countries that are struggling with Hyperinflation, to protect the value of their wealth. http://money.cnn.com/2017/07/28/news/economy/venezuela-cash-crisis/index.html

https://usethebitcoin.com/venezuela-moves-towards-cryptocurrency-mining-to-avoid-economic-problems/

So, if your government is destroying your local currency with bad political decisions and you need to protect your wealth, then Bitcoin could be the solution. Last year a lot of these people even increased the value of their wealth with 800%+, when their local currency failed miserably.    < The Bolivar currency was down some 98% against the dollar in 2017 >

We will see if such recessions will occur in the future but it's no doubt that bitcoin will be the another choice of big investors to save their money.

Putting it up to an asset that can fight the recession is what they will be looking for.

Yeah it will.