Bitcoin Forum

The Covid-19 pandemic has sent the global economy spiraling downwards into a global recession. For most of us, this situation was completely unpredictable, and now we are scrambling to prevent our Crypto Portfolios from feeling the blow.

Here are 5 ways you can keep you crypto portfolios pumping during this recession: https://bitcoinchaser.com/5-ways-to-keep-your-crypto-portfolio-pumping-during-recession/ 

What are your tips and tricks for keeping your crypto portfolios pumping during this recession?

The better subject line for the article should be - "How to protect your networth during a recession". It doesn't really talk about crypto portfolio pump. Rather it focuses more on how to build up a portfolio in general to keep your finances afloat.

Also I see the last point as a complete misinformation. Bitcoin can't protect your portfolio. It can either give you immense profit or immense loss. An asset so volatile like bitcoin, can't be entrusted for capital protection. Gold or Silver can probably do the trick of saving capital but definitely not bitcoin!

1. Protect your portfolio by investing in Bitcoin


Was suppose to say the same thing when i do able to see this in number 1 list when in talks on protecting your port. I do rather see this as a more risky move to be done.
We know on how crypto can easily fucked up yet this one is more volatile and more unpredictable if we do compare it on traditional markets that we have known.
Gold would be the best choice (honestly speaking).

In fairness, I found the list is good.

But my concern is, are those methods listed really easy to follow? Maintain a pumping portfolio, don't put eggs in a single basket, buy high sell low - all of these depend on the market situation and can't 100% executed at the right time.

I also don't like giving tips about choosing what coin should be considered at the time like this although the article did a disclaimer that always DYOR regarding this.

It doesn't really matter for me if I can't achieve that continuous pump in my portfolio as long as I am able to maintain my winning stats and minimize loss in the long-run whatever the economic situation is.

Just basic tips though, regardless whether we have the pandemic of not, this sort of tips are very applicable in the market. And I would have to agree about investing in bitcoin to safe guard your portfolio, it could be a disaster tip for a newbie who doesn't understand the how volatile the market is. It may give them a false hope, and then when bitcoin goes on a massive downturn, their are going to sell because of panic and fear on the market.

Nowadays where there is a recession in the economy globally or others now is on the recession, there is a high risk on your assets and network of losing it. However, investing it in an online business where all transactions are made through the internet might give you somehow an assurance of gaining profits. Thank you for sharing but the best that I have found is the diversification of assets.

This idea may not give you 100% assurance and security on your investment but still, it is better than investing on a business where the government may later ask you to have it close for the meantime. You may also invest in some businesses where the product is highly in demand nowadays in that case you will still have something in return and maybe considered that you are helping the citizens in your own little way. Bitcoin investment? Please always DYOR.