Recession vs Crypto World

[markdario112616]

I was just thinking, if a Recession suddenly happen to the countries that has a big contribution to crypto world. Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

[1714806248]

1714806248

[ronics]

   the huge advantage that i would see is that cryptocurrencies go fast without any borders .that the recession will happen even in the first country or first region. so we can say it's going to shrink it. about crypto wolrd it does not go back because the crypto world bitcoin is much stronger with its members who are vulnerable and energetic as the crypto world has nothing to do with it.

[fiulpro]

Recession is a big word , I think the country will use up anything to back their currency up its not as simple as it seems , it will take years to get out of it .
The businesses will for sure be affected since now your investments would die for sure and people will find a need to encash by hearing this news which will cause the further breakdown finally leading to the big dump.

[MintCondition]

Recession is a big word , I think the country will use up anything to back their currency up its not as simple as it seems , it will take years to get out of it .
The businesses will for sure be affected since now your investments would die for sure and people will find a need to encash by hearing this news which will cause the further breakdown finally leading to the big dump.

Then they have some backup to save their economy, if they have huge percentage of crypto in their country then they might have advancement in technology and they implement maybe cryptocurrencies, then it can be a help for them to utilize it and diversify to save their nation, any way to an advance country recession might be impossible since they're working too hard to make their country grow.

[fiulpro]

Recession is a big word , I think the country will use up anything to back their currency up its not as simple as it seems , it will take years to get out of it .
The businesses will for sure be affected since now your investments would die for sure and people will find a need to encash by hearing this news which will cause the further breakdown finally leading to the big dump.

Then they have some backup to save their economy, if they have huge percentage of crypto in their country then they might have advancement in technology and they implement maybe cryptocurrencies, then it can be a help for them to utilize it and diversify to save their nation, any way to an advance country recession might be impossible since they're working too hard to make their country grow.

But the implementation of cryptocurrencies in their country won't be in the form of Bitcoins accordingly they will force their people to switch to a centralized currency that they have created more or less Bitcoins will loose it's value .
Any back up needs to be strong non volatile and acceptable around the world if not it might affect their trading ports since frequent conversion in other forms of currencies is something that might pose a problem when the banks are dead.

[hugeblack]

What will happen when there is a recession?
The confidence of people will often be shaken in the financial system of these countries and begin to lose confidence and seek safe havens like gold.
a few know crypto World, and some of them consider the Betcquin and other safe haven.
until people trust crypto as a safe haven, I do not expect significant impact, but any global crisis will pave the way for these currencies.

[hase0278]

Would it affect the numbers at the market?

It would really affect not just the whole commodity market, but all of the markets existing in the particular country that will experience recession, it's citizens' lives included.

Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

It would definitely be a good opportunity to buy up some cryptos if this happens to countries which have significance in the cryptocurrency market(for example Japan) since some people will consider selling their stash of coins for food and basic necessities(although some who still have something to spend might just hold most of their portfolio's and only sell a percent or two of it).

[Kemarit]

I was just thinking, if a Recession suddenly happen to the countries that has a big contribution to crypto world. Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

For the sake of argument, let's say Japan suddenly experience recession. We all know that they are one if not the biggest mover in the market now so its logically that the price of crypto will be affected in the negative way. But then again, others will see it as a perfect time to buy because when Japanese market dumps their bitcoin because they are in recession, then coins will be cheap, other countries or even individual with huge capital will take advantage of the situation to store and accumulate more. So I don't think it will have a negative impact on the market long term. Good thing about crypto though is that it has no boundaries, everyone can get it and take the chance to ride the hype train.

[EdenHazard]

Definition of recession according to National Bureau of Economic Research (NBER) a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales'.

If you look at the explanation of the recession above then if the recession occurs in a country that has a major influence on the world of cryptos is, they owners of investments in the world cryptos will sell some of its investment to support daily life. Because if a country is in a recession their income will be reduced so they need for capital to live their lives. I'll say yes, that will be a good time to buy cryptos.

[kenelmark]

Recession means paper money will be low value, and cryptos will be overvalue compare to that paper money, although cryptos demand will be getting low that cause the prices go down. it is safe to say bitcoin save the life of crypto users during recession.    
It will be a good time to buy, but who will buy!? only the whales I guess. while common people need money for daily hard life during recession.

[Johnyz]

I was just thinking, if a Recession suddenly happen to the countries that has a big contribution to crypto world. Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

I think if the recession happens, the whole market of one country will be affected and of course a good opportunity for cryptomarket because people will go here so they can still make money and this is the only choice for them aside from holding stocks.

[m.vina]

I'm thinking that a recession would actually do the opposite of your last statement. I believe if a recession were to occur, people would place their money in crypto as a storage of value. Just take a look at the hudred trillion zimbabwe dollar bills. Hyper inflation can happen with fiat but not with crypto as it decentralized and spread across all countries.

[Hydrogen]

Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

In a recession, there would be stagnant market growth. With low growth potential there probably wouldn't be many good investment opportunities in fiat based markets. The number of crypto users has a tendency to double every 18 months or so. This high growth in bitcoin could appear to be an attractive investment opportunity in comparison to stagnant, low growth, fiat markets. This is one scenario where the value of bitcoin could actually climb higher during a recession.

Investors tend to seek the path of least resistance in attempting to achieve high ROI. If a recession sets in and there aren't many opportunities due to stagnant markets, it could lead to a large influx of investment capital routed into things which appear to offer better performance. It all depends on the breakdown of crypto versus fiat market pros and cons and whether crypto's growth were sustained throughout a difficult period.

It should be noted that during a recession things like job cuts and diminished revenue in the corporate sector are typically reflected in diminishing tax revenues for the government. These diminished revenues can bolster issues with debt as there is less income pouring in to offset the cost of liabilities. This could have a side effect of default on debt by governments, which would actually boost the value of bitcoin and crypto as people bought them in higher demand to avoid crashing dollars/euros which would accompany a default scenario.

[vandako]

Recessions will always hit things like bitcoins negatively. When someone does have a job to pay for food and rent, he is not going to buy bitcoins.

[Stac]

Economic recession will not affect the crypto world, and crypto currencies will act as alternative currency to support in times of financial crisis, other problems with fiat currency is inflation whereas with crypto currency inflation does not affect the crypto world which means that crypto currencies are some thing of store value as years pass by the value of crypto currencies keeps on increasing or in other words crypto currencies can be considered as a good investment option which will help to earn good profits from the crypto world.

[audaciousbeing]

I was just thinking, if a Recession suddenly happen to the countries that has a big contribution to crypto world. Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?

While things are one way or the other connected, I don't see recession happening to countries all at the same time suddenly except its a global problem there is always a build up to that happening and the smart countries would have taken a precaution. I have knowledge about a country that single handedly pilot its affairs into recession and during this period there was panic but the people in crypto currency were not complaining because they don't operate within the economic confines of their local countries but they operate in a global market and when there was fall in the value of local currency, its was a major boost in their revenue for those that have huge stock of crypto currency.

Whether people sell or not, the point is seeing opportunities in every situation and take it.