repan (OP)
Copper Member
Jr. Member
Offline
Activity: 50
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 03:05:19 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
|
|
|
|
ozgun_a
Jr. Member
Offline
Activity: 126
Merit: 5
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 03:07:05 PM |
|
Without mass acceptance as a payment systems, it will be seen a risk-asset, so I would expect it to drop hard like most risk-assets. I do not see any safehaven in Bitcoin at current conditions.
|
Buying.com Decentralized E-Commerce Network ● PRE-SALE: October 1, 2018 ●
|
|
|
pawanjain
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 03:19:06 PM |
|
Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1293
There is trouble abrewing
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 03:37:39 PM |
|
bitcoin has always been an additional option for investment, a good investment too for that matter. but it was never seen that way by everyone. in the early years there were fewer people thinking this way but i do believe that ever since 2017 bitcoin is widely considered a legit investment just like gold and other things.
with that said during any kind of economic recession people may turn to bitcoin even more and invest in it and that means a big rise could potentially happen because of injections of a lot of money in the market.
|
There is a FOMO brewing...
|
|
|
teilwalL05
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 03:49:57 PM |
|
Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
We definitely can not predict anything when that happen but as a recession may go it can decline the price or value of bitcoin, But in my opinion I don't see that bitcoin's going to be affected by it because we can see that bitcoin is really having a hard time with the resistance right now if a decentralized like bitcoin would be affected then it's price can sure decline but just like the recent drop.
|
|
|
|
pawanjain
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:20:35 PM |
|
Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
We definitely can not predict anything when that happen but as a recession may go it can decline the price or value of bitcoin, But in my opinion I don't see that bitcoin's going to be affected by it because we can see that bitcoin is really having a hard time with the resistance right now if a decentralized like bitcoin would be affected then it's price can sure decline but just like the recent drop. Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
There is another insight which my friend made me realise just now when I was discussing this question with him. The chances for Bitcoin and other cryptocurrencies to increase in price are quite high during a recession because in a recession/world crisis the price of fiat currencies go down. The crypto market wont be affected because of it and will remain stable in it's price. Now since the price of fiat currencies like $ will go down , will mean that BTC will increase in price. So the conclusion is that the possibilities for BTC to increase/decrease in price are equal.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
rockie87
Jr. Member
Offline
Activity: 163
Merit: 1
ICOForums.net - A Cryptocurrency & ICO Forum
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:26:43 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
First of all Good question to ask.I think the recession will not affect much to bitcoin rather it can grow the investment in bitcoin.people during recession times looks to find different ways to earn or to save there money as all the regular business drops.There is no better way to save your money as well as earn than investing.That's what i feel.
|
_____◢ ICO Forums ◣___▁ New Forum for Cryptocurrency Discussion ̅ ̅ ̅ ̅ ̅ ̅ ◥ www.icoforums.net ◤ ̅ ̅ ̅ ̅ ̅ ̅
|
|
|
stronghands4lyfe
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 280
Merit: 102
The revolutionary trading ecosystem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:27:15 PM |
|
Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
We definitely can not predict anything when that happen but as a recession may go it can decline the price or value of bitcoin, But in my opinion I don't see that bitcoin's going to be affected by it because we can see that bitcoin is really having a hard time with the resistance right now if a decentralized like bitcoin would be affected then it's price can sure decline but just like the recent drop. Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.
There is another insight which my friend made me realise just now when I was discussing this question with him. The chances for Bitcoin and other cryptocurrencies to increase in price are quite high during a recession because in a recession/world crisis the price of fiat currencies go down. The crypto market wont be affected because of it and will remain stable in it's price. Now since the price of fiat currencies like $ will go down , will mean that BTC will increase in price. So the conclusion is that the possibilities for BTC to increase/decrease in price are equal. I just gonna say if the recession is caused by the banks, or mismanaging of fiat currencies then our industry stands to gain a lot. Think about it if your government is corrupt (maybe not 1st world) and they begin printing tons of money to bail out banks and themselves, the first thing you are going to think is how can I protect my assets? I say because this is how most recessions happen and I don't foresee war on the horizon. For that reason I believe it is more likely BTC will gain during a recession than lose during a recession. Obviously one big factor on this is how educated people are about governments, money, and the crypto space. If they have limited knowledge, they may not even know pulling out is best. That is why I say it is more likely, but I certainly don't rule out the sheep not making the correct play in this spot and getting fleeced yet again.
|
|
|
|
leath08
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:40:30 PM |
|
Interesting one, who can defiantly say. Its the governments and banks that cause recessions, if everyone was involved in crypto or Bitcoin there would be no recession. You would have full control of your money, I'm going to say Bitcoin would do well in a recession.
|
|
|
|
gantez
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:45:38 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
I do not want to agree that the world has not witnessed any recession. Just recently, the world had an economic recession, I think around 2013/15 , that sweeped even europe including greece and turned many countries into borrowing. Off course, recession would affect bitcoin too because it is also a means of payment and affected by demand and supply.
|
|
|
|
swogerino
Legendary
Offline
Activity: 3262
Merit: 1244
"Play Poker on Telegram"
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:46:20 PM |
|
I believe the price of bitcoin will surge during a recession. I believe the price will surge because at that point bitcoin will be seen as a safe haven, something that do not lose value over time like traditional money and traditional investments do. People who will have bitcoin at that time which by predictions of the OP doesn't look far away will be the ones who will not be hit by the recession.
We haven't had bitcoin in last recession of 2008 so we haven't see any bitcoin behavior during a recession so all of our ideas remain only predictions so far. Maybe I am over optimistic about bitcoin price surge during a recession but that is my thought.
|
|
|
|
longwintershere
Jr. Member
Offline
Activity: 224
Merit: 1
“Revolutionizing Brokerage of Personal Data”
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:47:54 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
I believe during the recession Bitcoin price would grow as people will be searching for alternative options of investment, which is exactly bitcoin and other altcoins. But let's hope recession is not coming anytime soon ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
TRADE YOUR DATA ● PDATA TOKEN ● ─── OPIRIA.IO ─── ██████████ [ PRE-SALE April 10th ] ██████████
|
|
|
rodalutor
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 364
Merit: 105
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:49:54 PM |
|
Firstly there's little correlation between stock markets and cryptocurrency just now.
Secondly I think we are still a good number of years from a recession, possibly not even until 2025, interest rates are only just starting to increase globally.
Finally, in recession spending decreases as people tighten their waste belts, crypto will be no exception to this and so we can expect the market to be lower than it otherwise would be (this does not mean it has to fall)
|
﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈ █ █ █
|
|
|
bitmover
Legendary
Offline
Activity: 2408
Merit: 6188
Crypto Swap Exchange🈺
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:50:18 PM |
|
In a recession institutional money from stocks flows to asset with disassociated risk, like gold.
But this is going to be the first time that we have bitcoin as an option.
My bet is that money will flow from stocks to Bitcoin, and it will sky rocket in a recession.
My plan is to sell partial profits from bitcoin at 30-40k and buy SP500 for a very low price when that happens =D
|
|
|
|
1nvestments
Newbie
Offline
Activity: 56
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 05:51:13 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
IMO i think bitcoin will take the role of gold. As we know during recession usually gold tends to go up in price as a lot of investors park their money in gold. I think Bitcoin can replace gold. Will just wait and see ! Thanks !
|
|
|
|
trecore4
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 07, 2018, 06:00:02 PM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
Bitcoin price might go down a lot. This is because at the time of recession it would be obvious that people like you and me will have no funding option but to get our crypto currencies sold out. In this way everyone will mostly sell the bitcoins and will get the more stable assets invested such as gold or silver. We never know what will happen to rest of the crypto currencies but bitcoin would be number one currency to be sold. Because at the time of recession the only thing that will be less is the money! Bitcoin will become prior source of funding.
|
|
|
|
xSkylarx
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:07:25 AM |
|
What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
IMO i think bitcoin will take the role of gold. As we know during recession usually gold tends to go up in price as a lot of investors park their money in gold. I think Bitcoin can replace gold. Will just wait and see ! Thanks ! Bitcoin will really take over gold even now. Bitcoin is so far away to the value of gold, gold is only secondary for the people nowadays since earning cryptocurrencies is more easier than to have gold at all. Gold is an old money for me, only the rich person have that and the banks as well. Earning gold is too hassle for everyone that is why bitcoin will still be the number one.
|
|
|
|
Kakmakr
Legendary
Offline
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:22:27 AM |
|
In a Recession, people will always look for some "Safe haven" for their wealth. They usually buy Gold and other precious metals to hedge against a drop in value of other investments. Bitcoin has been seen as a good store of value, but it is very volatile.
Also in a Recession, people tend to have less money available to invest, so the price & adoption will go down and this will cancel out any investments that might have been coming from people who wanted to use Bitcoin as a Safe haven.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
GC2263
Newbie
Offline
Activity: 64
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:30:09 AM |
|
During recession, everyone will be looking at 'safest' place to store/invest/safeguard their money. Stock market, currencies, properties, commodities etc will go down. generally I think those big funds will buy into gold which makes the gold price go up. Upon a certain limit, they will look for alternatives. I believe bitcoin will be one of them. With tonnes of money going into bitcoin, the price should be on the up trend.
Just my personal opinion...
|
|
|
|
Notcalculator
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 196
Merit: 12
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:37:55 AM |
|
It would highly depend on what caused the recession and the current state of bitcoin during it. But mostly if we consider the Dow Jones index, you'll see it crash during recessions. Most posts are saying that bitcoin is the "safest" place, maybe they're right. But the truth is, with the current adoption of the technology, people arent going to see it as the safe haven. It will be just another number dropping if people dont start using it. But right now adoption is rising, so who knows.
|
|
|
|
|