Topic: Recession in the Economy - page 4. (Read 2009 times)
Recession is a normal, albeit unpleasant, part of the business cycle. However, one-time crisis events can often trigger the onset of a recession. The global recession of 2009 brought a great amount of attention to the risky investment strategies used by large financial institutions, along with the global nature of the financial system. As a result of the wide-spread global recession, the economies of virtually all the world's developed and developing nations suffered significant setbacks. Numerous government policies were implemented to help prevent a similar future financial crisis as a result. Typically, a recession lasts from six to 18 months, and interest rates usually fall during these months to stimulate the economy.
One of the reasons for invention of Bitcoin was the 2008 financial crisis. To rebel against problems like money printing, inflation. So from crypto point of view, we shouldn't be afraid of crisis. In fact, price could increase because of crisis itself.
You have a very primitive approach to economic laws. If the economy is in a recession, then enterprises are closed and jobs are reduced. Where will people take money to invest in cryptocurrencies? Even bitcoin does not have now signs of an independent currency. It's closer to securities and they always go down in value during a crisis.
The recession can be a problem, and certainly many countries are in trouble.
But there is no direct relationship with the performance of cryptocurrencies.
Last autumn there was not an economic boom and yet the bitcoin did great!
But there is no direct relationship with the performance of cryptocurrencies.
Last autumn there was not an economic boom and yet the bitcoin did great!
2018 is indeed a very serious economic downturn in many countries. war broke out, the major countries in the world conflict, the recession occurred is evident. But this is considered a good opportunity for investors.
Buy some potential altcoins and hold until everything is recovered. great strategy.
Buy some potential altcoins and hold until everything is recovered. great strategy.
A recession is a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP), although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.
Bitcoin is still known to everyone as the top currency. But in the economy, bitcoin is not always the same value. The economy is getting worse. That's why bitcoin is not seen in the world as bad.
One of the reasons for invention of Bitcoin was the 2008 financial crisis. To rebel against problems like money printing, inflation. So from crypto point of view, we shouldn't be afraid of crisis. In fact, price could increase because of crisis itself.
I consider that current recession is partly caused by consequences of the 2008 crisis. The 2008 situation has never been fully fixed mut only temporarily mended which may result in a greater crisis in the future.
I don't see any special sign of recession, and in any case there is no relation with cryptocurrencies.
We'll see what happens after summer.
We'll see what happens after summer.
If you want indications of upcoming recession.
- Turkey boasting 12% inflation, argentina and other nations having their currency devalue/inflate
- Venezuela's hyperinflation continuing to increase
- Economic sanctions being pursued against iran, russia, etc
- The united states and china raising tariffs on each other
- Banks having liquidity issues worldwide
- Explosion of deficit and debt around the world
- China, russia and many nations dropping the dollar and US bonds while increasing their gold holdings
There wasn't much warning prior to the economic crisis of 2008.
24-48 hours tops via official channels.
If another crisis or recession hits, we can expect the same.
I don't see any special sign of recession, and in any case there is no relation with cryptocurrencies.
We'll see what happens after summer.
We'll see what happens after summer.
I agree. It seems that the movement of bitcoin are completely unrelated to standard economy (actually, there was no economic boom in last December, and now there is no recession.)
What we see is just whales' speculations.
In the recession period all people will try to hold their money on their hands. All markets will crash.
I don't see any special sign of recession, and in any case there is no relation with cryptocurrencies.
We'll see what happens after summer.
We'll see what happens after summer.
Agree with this one. It’s all are mind manipulation from media and economist to validate some of they’re policy and make the world more of exciting place.
I would rather look at recessions as an important propaganda than a worrisome and annoying news.
Lot of people literally been worried with it, but not me at all. Cryptocurrency is out of this equation.
I don't see any special sign of recession, and in any case there is no relation with cryptocurrencies.
We'll see what happens after summer.
We'll see what happens after summer.
The most powerful and critical consequence of the recession is the economic crisis. Due to the decline in production, the need for workplaces and the number of workers decreases. This entails a wave of layoffs and rising unemployment. People start to consume less, which leads to a decrease in demand for products and an increase in the decline in production. Behind these events follows the devaluation of money - inflation, further price increases and a decrease in real incomes of the population. That in the end leads to discontent and a decline in the quality of life.
Business personnel will find alternative ways to increase their financial capabilities and it may lead Bitcoin and other crypto currencies to a new bloom. We are now facing economic problems and blockchain is one of a solution to it.
Watching the recent trend in bonds this year, what is your say about the flattening of the yield curve?
I think this recession is what is also affecting cryptocurrencies and we should understand this so that we can avoid the kind of FUD that is going on as bitcoin is death, bitcoin is falling back to $1,000 and some are even saying bitcoin is going to fall to $100. Bonds and stocks market has been falling and the curve has showing a long-term bearish trend.
With the recent FUD, you'd expect this and the rate of correction. Give it time and watch the magic of btc
According to economics,the slow down of economic activity or the contraction of commercial rotation is called recession.During the recession, the types of big economic indicators remain the same.During the recession, national average income. employment.,investment costs,production capacity utilization, family income, and business profits all fall a lot.Because of these things become bankrupt or unemployment rate increases.The government seeks to adopt economic policy, increasing the cost of money by increasing money supply and trying to counter the recession.
I think one explanation behind global recession & slowdown is high taxes restricting economic growth as state based programs fail to produce jobs, value, progress or innovation equivalent to tax revenues they collect. It might be said a state operated $1 trillion dollar economic stimulus package fails to create $1 trillion dollars worth of benefits. The same with multi trillion state run plans like healthcare reform which fail to deliver trillions of dollars of benefits to taxpayers. Taxes are too high, tax revenues spent by governments fail to offset negative precedents relating to excessive taxation which in turn reduces standard of living, increases the average work day and carries other negative consequences.
Summarized:
1. Basically the average person gives near to 50% of income to a government in the form of taxes.
2. The government doesn't give enough of value back to taxpayers to justify said high taxes.
3. This results in a significant decline of living standards for the average taxpayer as the state does not provide equivalent value to the taxes they collect.
Summarized:
1. Basically the average person gives near to 50% of income to a government in the form of taxes.
2. The government doesn't give enough of value back to taxpayers to justify said high taxes.
3. This results in a significant decline of living standards for the average taxpayer as the state does not provide equivalent value to the taxes they collect.
Watching the recent trend in bonds this year, what is your say about the flattening of the yield curve?
I think it will not be forever, because when investors start to pour their money on cryptocurrency most especially in Bitcoin, no it will surely go up again like what it had happened in the previous years. Though it will not be instant but it will surely be going to happen.
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