Bitcoin has been through a recession, that is the part people are mistaking. What you see as "recession" is probably just american recession, if USA has one then all world should have it and you have a point a bit, when back in 2008 USA had it, many countries almost collapsed in economical sense, when they had it in 1987 same happened.

So yeah you are right that USA recession means global recession, however this doesn't mean there hasn't been recession all around the world in the past 2-3 years, look at the world global economy in the past 2-3 years and tell me you are not seeing some bad things going on all around the world, not just known ones like Venezuela or Zimbabwe but a lot bigger G20 countries having economical problems. Bitcoin wasn't phased by it and it still continues to do whatever it always does, go up and down like crazy.

I don't think that the Chinese are forbidden to use Bitcoin. As far as I know, there are a number of cryptocurrency exchanges operating there. However, it is forbidden to exchange fiat to crypto. In China, they can only trade between various cryptocurrencies, and not between crypto and fiat. Earlier there were reports that the authorities were considering a ban on Bitcoin mining (more than 80% of the Bitcoin mining hashpower originates from China). But those plans were recently dropped. And even now, many of the largest Bitcoin mining farms in the world are located in China.

But in what way bitcoin will be affected by an economic crisis? That is what I would like to know, it could be possible that bitcoin will be affected negatively since people will want to get their money out of volatile investments however it is also possible that the value of bitcoin could go up as people lose confidence in fiat currencies.

The European Union’s antitrust chief says she’s taken the unusual step of scrutinizing Facebook Inc.’s planned cryptocurrency because of the risk that Libra will lead to the creation of a new, entirely separate economy.

“It’s a new thing that we’ve begun to ask questions about something that doesn’t yet exist,” Margrethe Vestager said in an interview with Denmark’s finance industry union, Finansforbundet. “But it’s because we want to be far enough ahead that we can say whether this will be a problem.”

I know there are some sanctions but I'm quite surprised they are not able to receive dollars for the oil sold, this is really a serious restriction if no bank is willing to clear a payment to them.   I didnt think the system was so tight as to prevent that, obviously they have the problem of dealing in millions and billions as its a great deal of oil but still amazing if they can find no alternative.
  

Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers, according to four people with direct knowledge of the matter.

The efforts come at the behest of state-run Petroleos de Venezuela SA, which is seeking to send Bitcoin and Ethereum to the central bank and have the monetary authority pay the oil company’s suppliers with the tokens, according to the people, who asked not to be identified discussing internal deliberations. Staffers are also studying proposals that would allow cryptocurrencies to be counted toward international reserves, now near a three-decade low at $7.9 billion.

...It isn’t clear how PDVSA came to own Bitcoin and Ethereum, or the value of its holdings. But the oil producer has struggled to get paid by customers via conventional channels because major banks are hesitant to do business with a sanctioned entity.

PDVSA may be hesitant to sell its cryptocurrencies on the open market because it would require the company to register with an exchange and subject itself to due diligence. Instead, it wants the central bank, which officials at the oil company believe is less exposed to potential blocks, to use the crypto to pay entities PDVSA owes money to.

There won't be any instant price jump after halving, like some people imagine, because halving is a well-known and predictable event, it has been priced in already. Markets are not some mindless mechanisms that instantly react to change, it's just manifestation of thousands of real human choices, and humans plan ahead. The last time I've witnessed a halvening, the market started growing months before it happened, and then continued to do so for many more months. I'm not going to say that it will be exactly the same, but we need to think about effects of halvening over long periods of time rather than just one time.

How can you say Binance is not safe anymore where it's not proven that those data are stolen from Binance?

Their story of phishing is reasonable to believe, but of course, it needs proper investigation, likely from a 3rd party to find out which is really happening with those leaks. If there's no one except Binance who investigate their own case, it's possible that every finding won't be revealed 100%. No doubt about it.

What exactly is the use-value of Libra supposed to be anyway?? Just a "borderless" currency?

At the moment of posting this was maybe true but at the moment i dont believe we are going to have such massive bull run.
there are several reasons behind it, first, is that at least partly , the bull run was supported by USDT manipulation.
Second, the upwards movement has been very fast in the past months and in my opinion in order to get another healthy and relatively  stable bulll run " step" we need to at least stabilize or have an correction.

We have lots of very good decentralized exchange out there, but I really don’t know why people pay little or no attention to decentralized exchanges which really depict what the cryptocurrency created by satoshi stands for, rather, people prefer to use centralized exchanges which are why most coins you see on decentralized exchanges are just shitcoins.

I hope that a time will come where we all move from a centralized exchange to a decentralized one. The only centralized exchange that I really see as a good one is Binance and I learnt that they are already working on their decentralized exchange.

Gold is always regarded as a low-return asset. Therefore, the investors will become interested in gold only when the other assets losses their preference. Now the problem is that the markets are doing pretty well currently. The last time we had a recession, was way back in 2008-09. Unless there is some event like a recession, people will continue to overlook gold.

Isn't Bitcoin being mined everyday? I thought this was some kind of controlled inflation. We believe that no one's will change the cap limit. But it is still possible that a government fork Bitcoin and change this limit.

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

This obstacle is not as unsolvable as it seems

In fact, it is solved pretty easily if you are a cryptopayments processing provider (e.g. BitPay or CoinGate). As they aggregate cryptopayments from and to a lot of clients (e.g. online shops), they can hedge them in bulk, so to speak, and thus make themselves invulnerable and not susceptible to volatility (just in case, simple cryptocurrency users can do essentially the same). Other than that, I'm not sure if those companies which accepted crypto refused to accept for this reason exactly. It looks more like there was not many customers willing to pay with crypto in the first place

Binance are centralised exchange, I believe their source code is not anywhere on the public repository, of course profits are from fees and coin listing but both are based on a strong cryptocurrency trading engine, you can catch a glimpse on how these engine works by checking out DEX

Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single transaction in a “large scale security breach,” the latest in a long line of thefts in the digital currency space.

The hackers used a “variety of techniques” including phishing and viruses to obtain a large amount of user data, Binance said in a post on its website. There may be additional accounts that have been affected but not yet identified, Binance said. The largest digital tokens including Bitcoin slid about 3 percent after the disclosure, then recovered most of the drop.

I am 100% sure that many people hold Bitcoin secretly. I am not sure that the whole institutions do it - there is no purpose. As for me, I do not hide that I hold the cryptocurrency.

We still need cash not everything could be paid by crypto.
Even if we could use it to pay for anything do you really think that other would see it as a payment option?
Wake up not everyone in crypto wants to use it as a peer to peer payment they are only in here because of the price of BTC.
They are in crypto because they see's it as an investment they use it to gain profit so even if we could not everyone would use it on it's purpose.