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Author Topic: Recession and Bitcoin  (Read 206 times)
rohitkaira
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June 25, 2018, 01:12:37 PM
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As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.
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Hirikama29
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June 25, 2018, 01:20:44 PM
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Do you think bitcoin will be in recession and do you think we are in a downturn, bitcoin is having balanced and almost stable days because of the price difference it has in July few
richminded
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June 25, 2018, 01:33:49 PM
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Do you think bitcoin will be in recession and do you think we are in a downturn, bitcoin is having balanced and almost stable days because of the price difference it has in July few
He is trying to say that when recession happens in one economy or in stock maket can bitcoin be the best alternative to make money. For me its a yes, because cryptocurrency will be more effective in the future but of course there still no guarantee about this and maybe bitcoin will also experience this, who knows.
rohitkaira
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June 25, 2018, 01:57:22 PM
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Do you think bitcoin will be in recession and do you think we are in a downturn, bitcoin is having balanced and almost stable days because of the price difference it has in July few
He is trying to say that when recession happens in one economy or in stock maket can bitcoin be the best alternative to make money. For me its a yes, because cryptocurrency will be more effective in the future but of course there still no guarantee about this and maybe bitcoin will also experience this, who knows.

I think you explained it better, yes can bitcoin be alternative for the people in the economies where protecting their asset value will very hard and Bitcoin can provide them better and easy alternative in stopping their losses.
Flomo
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June 25, 2018, 02:18:53 PM
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I hope it will be a safe solution for bitcoin in the future, and more attract investors and even attract governments in every country.

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June 25, 2018, 02:39:02 PM
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As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.
There's always good probability for this could happen, althought its all depend on BTC development itself.

But so far everything looks pretty good.
timerland
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June 25, 2018, 09:47:05 PM
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Bitcoin is a currency, and I think that due to its decentralized nature, it shouldn't be that affected by a recession.

Interesting fact, bitcoin was actually released in 2008 which was the year when the GFC hit.

Prices could take a hit, just like silver/gold took a small hit in 2008. But it would definitely be a lot less affected than other asset classes such as shares in my opinion. But there is also the possibility that investors will turn to bitcoin as a safe haven sort of asset, as you said, just like the role that gold is performing at the moment. In that case, BTC may even rise in adoption and as a result, value.

carter34
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June 25, 2018, 10:27:34 PM
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I think the kind of recession that will affect bitcoin is a global recession because bitcoin is decentralized. In such level, it is going to be a positive impact because their will be pressure on fiat including its local accessibility. So people will appreciate bitcoin transaction and this will increase demand, leading to scarcity which will increase price.
Ranly123
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June 25, 2018, 10:38:04 PM
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As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.

No, I don't think Bitcoin will be included in that future recession if there is. To think that Bitcoin has been used globally for transactions online, then the value of Bitcoin is much more valuable than the other cryptocurrencies. So including Bitcoin in a recession is not an option.

kevoh
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June 26, 2018, 06:37:25 AM
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As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.

What happens during a recession? People lose wealth. Companies can not make profit, there are less jobs and massive downsizing on a large scale. People will not even have enough money to move into Bitcoin(or any other dominant cryptocurrency) , as whatever they own as assets have become worthless.

As it stands , Bitcoin is already seen as a risky venture by non-crypto enthusiasts (who actually form the majority). Fear of this risk will be more heightened in a recession era with people believing there are better off keeping their money than putting it in a supposed safe asset as Bitcoin which they believe to be risky.

It therefore depends on Bitcoin hodlers in a recession to build the confidence because if they are also rushing out of bitcoin during the recession then there would be no point to regard it a safe asset.
Don Pedro Dinero
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June 26, 2018, 07:05:05 AM
 #11

That’s what most of us expect. During recessions people spend their money on “safe” assets, like gold, and bitcoin is said to be gold 2.0. I think it is likely that a recession will be a big boost for bitcoin but we can’t leave out the possibility that people will buy other types of “safe” assets for some reason and not bitcoin.
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June 26, 2018, 07:16:35 AM
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I see signs of market downturn. But I think this is a frequent occurrence with the financial markets, and after a recession, it usually grows pretty well. I believe in blockchain technology will bring the market back to its peak.
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June 26, 2018, 07:22:23 AM
 #13

As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.
We will see if such recessions will occur in the future but it's no doubt that bitcoin will be the another choice of big investors to save their money.

Putting it up to an asset that can fight the recession is what they will be looking for.

I think it is likely that a recession will be a big boost for bitcoin but we can’t leave out the possibility that people will buy other types of “safe” assets for some reason and not bitcoin.
Yeah it will.

Kakmakr
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June 26, 2018, 07:40:36 AM
 #14

Bitcoin is already being used in some countries that are struggling with Hyperinflation, to protect the value of their wealth. http://money.cnn.com/2017/07/28/news/economy/venezuela-cash-crisis/index.html

https://usethebitcoin.com/venezuela-moves-towards-cryptocurrency-mining-to-avoid-economic-problems/

So, if your government is destroying your local currency with bad political decisions and you need to protect your wealth, then Bitcoin could be the solution. Last year a lot of these people even increased the value of their wealth with 800%+, when their local currency failed miserably.  Roll Eyes  < The Bolivar currency was down some 98% against the dollar in 2017 >


Sergio444
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June 26, 2018, 07:44:38 AM
 #15

Well, gold is a physical asset compared to bitcoin. The risk of investing into bitcoin is much higher compared to that of gold therefore global adoption will demand a regulatory body and that will diminish the important feature of the coin as being decentralized. Recession in the value of bitcoin creates more panic than any other invested asset. Well, its our hope that the coin makes a massive ascending once again and refrain from massive volatility.
gambitcoin53
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June 26, 2018, 07:49:47 AM
 #16

As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.


bitcoin price depends on the users, if many are capable in acquiring a bitcoin, the price will go up, but if there will be a recession, the price of bitcoin follows the downtrend, let us look at this example, many people are not yet into bitcoin, from the time it started to circulate online, the price varies, as the demand increases, so is the price of bitcoin, depending on the market, since we are talking about globally, the ratio is unparalleled. if recession occurs, the buying power of a nation is diminished, followed by another nation and so on, we can expect a deterioration of bitcoin price due to the diminished demands for it globally. therefore, we cannot say that bitcoin will still be safer if recession occurs in the future.  

andin1953
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June 26, 2018, 07:54:39 AM
 #17

IN MY OPINION , gold is a physical asset compared to bitcoin. The risk of investing into bitcoin is much higher compared to THE gold ...  Angry
aoihs00
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June 26, 2018, 08:00:40 AM
 #18

As many experts and economists are predicting recession in near future, will Bitcoin emerge as safer asset globally during recession like gold and similar assets, global investors might look for a global standard asset as compared to regional or fiat currencies which devalues in recession.

We'll I dont think that will be the case. Bitcoin will actually have to make its own support line to sustain in the time of recession otherwise it may drop to value of thousand dollar or below it. Do not forget that bitcoins' complete legacy is dependent upon how much money is being poured into it from the real world and thats two it gets value for it plus market cap for sustaining the long term journey. When the recession will occur then this money will get shut off because people mostly will transfer their fund into gold and silver as solid proof of stake. Thats my guess all about it.







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RasicaOla12
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June 26, 2018, 08:00:50 AM
 #19

Bitcoin has been with the founders and investors for more than a decade as you have believed, but the bitcoin has its ups and downs as well as the pace or pace of development it.
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June 26, 2018, 08:06:38 AM
 #20

Bitcoin is a fantastic thing and - with a little bit of skill and luck - it allows gains tht are impossible with other forms of investment.

But it is too unstable and volatile to consider it a security for the future.

In the event of global social problems or recession, I continue to believe that gold is the best option: bitcoin existed from 10 years, gold from 5000 ...

So, I keep parts of my assets bitcoin part for trading, but every time I can buy some gold.

Attention, PHYSICAL gold, not paper certificate!!!!!

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