Recession and Bitcoin

[Hydrogen]

I remember europeans scrambling to purchase big screen tv's and electronics around 5 years ago when there was concern the euro would devalue and many expected the long term outlook of big screen tvs to be brighter than the future of EU printed fiat. Back then the economic crisis of 08' was fresher within public consciousness and there was much more interest in gold, precious metals and commodities deemed to have intrinsic value™ as people invested more effort into protecting themselves from economic concerns--which back then appeared to be a much more credible and dire threat.

In the present, 10 years removed from the 2008 crisis, people have relaxed their guard and forgotten the necessity of not trusting banks, governments or regulators to warn or advise them as to what the best policies are to avoid economic / financial trouble. Not many remember how little warning there was preceding the last crisis/recession, people probably feel better forgetting such things.

If there is another economic crisis or recession, we could see renewed public interest in gold, precious metals and bitcoin as there was after the 08 economic crisis. We could have renewed interest in doomsday preppers constructing bugout shelters or post apocalypse survival bunkers as they bury gold and silver in their backyards in preparation of government default or market crash.

When economists, analysts and experts have consensus agreement current budgets and spending are "unsustainable" it means everyone universally agrees a crash will occur at some point. The question is when. There is a slim chance reforms could solve many of the problems we face. What makes things difficult is the lack of knowledge and information available. Specifics in regard to why healthcare may be unaffordable and expensive prove elusive and impossible to come by, which makes issues regarding those topics difficult to identify much less solve.

Average people having more incentive to try something new and get outside of their comfort zones in terms of mainstream bitcoin adoption could represent a positive step towards addressing many economic and financial issues people face on a global scale. The preferable scenario is for some type of positive scenario lending incentive for a higher proportion of crypto adoption, without it being fueled by negative precedents such as recession or economic crisis.

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1714035601

[Lorence.xD]

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!!!!!

Recession and Bitcoin....If the prediction of some experts about recession is true? my question is where? which specific country will be affected? It is Global or Regional? Now, how this affect the Bitcoin or the crypto world market...for me, Bitcoin won't be affected since it is Decentralized system of Digital transaction. Economic melt down of one country wont happen if there is not reason for it, like war, Oil price hike and a lot more big issue affecting such country but with the financial institution in placed no government would not do something before the meltdown or recession.

[vik254]

This is   a good  question.  i  think   bitcoin  will flourish   in  such  a  situation.  this  is  because it will be  considered safer  when  compared  to fiat.

[Hui8]

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.

It may happen. Because we should not forget that bitcoin and other currencies are nothing but bunch of the algorithm and smart contracts over the blockchain. They are always kept unchanged no matter what. The value each block receives is all about the market cap that it has. So if we send our assets into the bitcoin and store there then we already secure it with the bitcoin as its unit. It doesn't matter if in recession the prices went down because as soon as the recession period gone then we can see huge plunges in it and thus golden values to our holdings. So yeah it could be way to save our assets.

[Hirus]

I don't think bitcoin can stand out during recession the reason is the volatility of this crypto can give no confidence to be the assets during recession.

[gowobonyok]

that's right, and all predict bitcoin will continue to recession until the fourth quarter of this season. meaning in the next few months bitcoin still can not rise signifikant. but once the bitcoin has recessed to the bottom of its portal, it will go back up to the moon.

[bitbunnny]

Positive years with good profit and economic stability and recession times change in periods.
Maybe it's time for new recession, although that depends on which part of world we are talking but still no.one can't guarantee that Bitcoin will be the stability point. Have you forgotten about high volatility and extreme fluctuations?
Anyway, I don't think that Bitcoin can be our saviour during recession time although it's not closely and directly tied to classic economy. We can rely on it partialy but it's not very likely that it can handle all the pressure.

[yuukireit]

bitcoin right now i think in the stable position, in resistance price in 6,3k and i think not in the short time bitcoin will recover again in the last year like before we know

[bobitza]

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

Do you think the bitcoin is balancing? This is silly, anyone can see that the bitcoin has gone down very fast and continuously throughout 2018. It resembles the ragged after a flower blooms.

[tepakpak]

Recession in my opinion will not affect bitcoin because bitcoin is a very safe and good digital asset compared to other assets. but that hopefully does not happen in the global economic recession.

[Rossy Akbar]

Well,  it seems that you think bitcoin will recession and you're not believing in the future that bitcoin will rise again. How do you can get your success when you always think that bad thing will happens ?

[The Sceptical Chymist]

Bitcoin is a currency, and I think that due to its decentralized nature, it shouldn't be that affected by a recession.

I don't think that's true at all.  If a recession hits and people are out of work, they're probably not going to be buying a "currency" when they could spend what little fiat they make.  I think bitcoin is very prone to being adversely affected by a tanking economy. 

Having said that, bitcoin boomed during the last recession--in fact, it was born right at the beginning of it and bubbled over right in the middle of it (2013-14, when Mt. Gox happened).  I suspect that when the next one comes along, the price will probably drop significantly.  But who knows.  I tend to think of bitcoin more as a speculative asset than a currency, and it acts kind of strangely at times.  However, the rules of economics and finance are pretty much set in stone.  Bitcoin doesn't follow its own rules, even though it appears to occasionally.

[Slash61]

The achievement of Bitcoin growth is influenced by many uncontrollable external factors for now, such as market and other mechanisms, then, there comes a time when the economy is entering a recession, every market will have time to face a recession, but I think in the future Bitcoin will not into the list of recessions, it will not be bad, where many people see Bitcoin in proportion to gold and other assets, increasing age, growing fans around the world and being able to avoid at least a recession, no market will continue to glitter.

[el kaka22]

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

If you actually took time to read what he posted, I am sure you will find out he was talking about bitcoin being used as a safe haven during the period of recession and not bitcoin being in recession as you have mentioned.

Yes of course, bitcoin in the long run I believe will be a safe asset to store value during global economic meltdowns and recessions and this would mean a lot for this space and the early holders anyway. It is already considered as a digital asset, although volatile but that volatility will change anyway in the phase of huge global adoption.

[spongegar]

Another recession? I mean we haven't even recovered from the last one. But i think, like any othet economic asset, BTC and other crypto currencies will be affected by the recession when it hits... Again... But i think there was this country who actually didn't have a choice and used crypto currency because their fiat couldn't handle it.

[Altcoins enthusiast]

Bitcoin has that capacity and potential to help during World economic collapse if our leaders can really adopt it.  I have find out that no matter what our governments do or will do against bitcoin they are going to come back and used it during recession.  The only thing is that bitcoin is decentralized and governments cannot control it and that is why they have not started using it to help our economy.

[Aris novianto]

Recession and Bitcoin I do not know what it means for me, until whenever I will choose bitcoin to work, because I work in bitcoin for a long time, bitcoin that will be number 1 to anytime.

[Cosbycoin]

I hope it will be a safe solution for bitcoin in the future, and more attract investors and even attract governments in every country.

May be you are right and this crypto will be the only option in future because of the advancement in technologies and the outdated way of cash printing.

Even if it is resection, and even if it is the case of unemployment, Bitcoin will stand as robust as possible and might even outshine the USD for the need for an international currency available to all and which do not need the job of printing and carrying cash in lockers will be more.

[bowals]

As with every currency, the rise and fall of btc only makes it a more reliable means of exchange. Shows it's driven fully by market forces

[ironman2014]

For me bitcoin looks similar in terms of investing to gold, but with only one exclusion,  that in my country gold is continuously growing in its price,  and bitcoin is everytime jumping.