Bitcoin Forum

Let's assume, for argument sake, that a global economic recession is right around the corner. Stocks are dropping, home values tank and unemployment rises. What do you think happens to cryptocurrency? We haven't seen a major global recession since the inception of blockchain and cryptocurrency. It's easy for a 'new economy' to thrive when everyone is enjoying 10 years of growth, but what happens when the traditional economy tanks?

Probably it would tank at first also, as panic arises. Later it would establish itself as a safe haven, after panic settles and people start to think where their money is safe, like gold. Crypto like bitcoin and ether is natural choice

What happens with the cryptocurrency will be the development. With the passage of time. Cryptocurrency will be recognized by the world and become very extraordinary later. Currently alone cryptocurrency is very much in demand by people. That is good news with the development of the crypto world now.

I think if a recession occurs again of a global nature then definitely crypto markets will also suffer, people will try to cashout their cryptos and the volume in the crypto market will also sink, so this will not be a good situation for any financial market including crypto market.

It looks like the crypto will growth in the future, as you can see there are so many developers right now. Remember a lot of big companies are opening thousands of jobs for those are expert on the blockchain development. We are about to leave the traditional economic system and try to build a new one based on the full transparency.

I would imagine how Gold and Silver appreciate during times of recession that Bitcoin and Ethereum would make similar strides. I don't believe they would do worse, but this is assuming that fiat currency has taken a hit and you have lost purchasing power there.

Even without the recession you're saying -- stock market of crypto's now dropping, what more after the recession? It will cause a lot of panic. But I hope, even after that moment, cryptomarket can still recover without a hype and in a much-more natural way.

Right now it is easy for people to join cryptocurrency while the traditional economy is not hurting from a recession like it was 10 years ago, but if it were to happen again soon then of course cryptocurrency would suffer as well as everything else. Because there would be a rise in unemployement and the prices of daily consumer products are effected then I imagine most people will cash out their investments in the cryptocurrency of their choice as a way to sustain their lifestyle while the economy is mending.

I think that nothing unusual happens with the crypto-currency market. Except that after its December growth in price and the subsequent decline, bitcoin has partially lost its popularity and many after that, with some increase in its price, sell it and therefore bitcoin can not actively grow in price.
Crypto currency can not constantly grow in price, and many are already accustomed to its constant growth and consider it a magic wand to increase its wealth. But it does not happen like this. Therefore, many of them finally began to really understand the situation.

So you don't think crypto-money markets are a hype?
In my opinion, there is nothing to support the market value of the cryptocurrency market at this time.

Indeed, there no big  downturn since the beginning of blockchain and cryptocurrency , although the prices were far lower. Cryptocurrency will soon be identified as a new currency system. All countries will be transferred to the cryptosystem's currency system. It would be easy to join crypto. After some time, new bets  will be implemented.

Nothing happens with cryptocurrency, the rising price of cryptocurrency is so common that you do not panic and emotion easily.
And now the price is starting to rise again slowly.

I think the value of cryptocurrency lies in asset preservation, or appreciation. But I am not sure if the recent financial crisis has arrived. What kind of impact will it have on cryptocurrency? Should be extreme. Either a big cow or a big bear.

The cryptocurrency may grow wildly under the financial crisis. I think the role of cryptocurrency is very much. The first is to make investors more equal. Second, he is a real free currency. Anarchic. So I think it is a great product. The financial crisis should be good.

Crypto prices are in a state of constant flux, and recession will become another factor affecting its prices, but not completely in a negative way. I feel crypto might just turn out to be one of the most reliable investment at that time.

If recession rock the whole world for instance, it will affect crypto too because if there is no money trading will be slow as well as investment too will be difficult. It there is hunger and you have some crypto save and you want to sell, buyers might be willing to buy, but money will be a problem.

Crypto will be the new revolution in economics. Although they appear to have a great debate and disagreement, many countries are starting to see that Crypto is potential. not just in technology but only brought a crypto can make compelling reasons that Crypto is going to be a change in the new economy for the world.

The market will grow in the future, there is nothing to worry about when we see that the market is falling at this point, but they will rise at another time. Never the electronic money market will collapse.

The cryptocurrency is a new type of currency. He will also be affected by the global economy. If a global economic recession occurs again, this is not a good news for any financial market, and cryptocurrencies will suffer.

I think that if a recession occurs,then surely it will be very difficult on the market.people will try to cash out their cryptos and the volume in the crypto market will also sink.so this will not be a good situation for any financial market including crypto market.

I think that will cryptocurrency, we cannot exactly say for sure what will happen. That's how the system is built. We can only hope and believe that it gets better and bigger from here. With more time, people will become more aware of the industry and become more open-minded about it too. Thios should bring about growth and development of the market.

If you have a global view of things, then I think that everything will be wonderful, what is happening in the market is now very seriously similar to how people shake out money from ordinary people. Here for example I stayed altogether without altcoins and BTC.