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Author Topic: Recession in the Economy  (Read 1681 times)
coinplus
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November 08, 2018, 06:05:14 AM
 #81

in my opinion, seeing the economic situation this year is very bad for Crypto. The magnitude of the influence of Korea, China and Japan regulation has a major impact on crypto.
What do you actually classify as a bad situation? The fact that the market has been growing over the years consistently or the fact that there was a time bitcoin was a lot far less than a dollar and now the market is attempting to create a bottom at $6k? Come on bro, we need to get one fact straight; you basically see the negativity in the short term because that is basically what you just want to see.

I think people need to start focusing on the long term and if you find that hard to do, look back to where it all started, the price, the fluctuations in between and where we are now, and then judge on that based on what the future is going to be like, considering that we are not even close to mainstream adoption at all.
Of course, a lot of people believe that when situations like this comes into play, a lot of people will be looking for a safe haven and a means to store value for their money and as a result of that, with crypto space being a very easy alternative at the moment, this would basically cause a boom in its price one way or the other, until the recession subsides.

What even brought about bitcoin in the first place was as a result of the 2008 crisis and in such cases coming up again, with global economic policies ruining everything; people will have an alternative for store of value.
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Greed Dev
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November 14, 2018, 04:24:54 AM
 #82

Watching the recent trend in bonds this year, what is your say about the flattening of the yield curve?
That is a sad truth. It seems the technology companies are now outdated. Although Amazon is a very good sales company, Microsoft and Facebook, Google is still down. I think the news about the leaked data and technology companies are no longer trusted. That is why it is going down and our market is impacting. we are really deadlocked now.

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December 10, 2018, 07:11:52 AM
 #83

I think this is a weird occurence and it really boggles my mind. First is that we are all told that since Crypto currency is decentralized, it will not be affected by any movement of the stock market. Now the stock market is down and it looks like crypto currency is down too. I don't know the reason but I'll keep holding.

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December 11, 2018, 02:12:42 PM
 #84

US bond yields are unlikely to rise much further this year, Capital Economics says.
And analyst expects benchmark 10-year bond yields to finish 2019 back at 2.5% — around 70 basis points lower than their current level.
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