Recession and Bitcoin

[coinplus]

The simple answer is No. Bitcoin won't be counted as a safe have for your money or any other cryptocurrency in that matter. Come one guys it is the recession, unemployment is up and profits are down, the only way to compensate their need for money is of course liquidating their assets and cryptocurrencies being more liquid compared to real estate, I think cryptocurrencies is are the first one to fall. I maybe wrong but more liquid assets tends to changes more as they are easily sold unlike real estates and other immovable properties. Bottom line is no asset is safe during the recession, but this could be everyone's opportunity to catch something at a cheap price.

Well, you may have some point there but have you not imagined the fact that since bitcoin is deflationary and which makes it a possibility of the fact that it is a new technology, the institutions may want to take good advantage of it to store up value and once that is done, we all know obviously the value will get driven up and then we get to see others trying to pop in to survive.

Looking at the way things have turned out over the years, I feel this look more like something that is more possible than seeing the value of bitcoin get tapped down but like you said, any of us may be wrong until we get to see how things actually turn out.

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[naidray]

If there would be a recession, all forms of money we hsve today would be useless, and the only legit form of payment, will again be gold or we migjt go bakc to a barter exchange,  bitcoin would also not be amsafe haven for all, since bitcoin is volatile, rather than sepnding bitcoin, people might just HODL for a very long time and wait till the recession surpasses, but during the event, bitcoin will also be obsolete, since its fiat counterpart would be of no value.

Probably we are forgetting about the possibility of having a digital gold in our hands. Thinking bitcoin will be obsolete actually made me laugh considering the fact that when one is weak, one actually will have to be strong.

If fiat is crashing, the main idea is to be looking for easy way out and I am sure that is how bitcoin is going to be considered and I won't be surprised if the bigger players in the industry are already eyeing it and trying to fool everyone into not believing in bitcoin, so they can have the best of it at a much lower value. Time obviously will tell us who is wrong or who is right.

[mensahkkofie]

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.

Exactly, sometimes people forget so soon about bitcoin and how far this digital currency have come. I believe nothing good in life comes easy, there are bounds to be ups and downs in our lives. This is not the first time bitcoin is going down, I know it would bounce back bigger and stronger.

[SCheek]

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.

I'm no so sure as many cryptos derive their use from sending funds safely across borders. If that falls then I think demand for Crypto will too.

[South Park]

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.

People are only going to use bitcoin out of desperation as we have seen in other countries, people are not very fond of the ideas behind bitcoin that is why they do not adopt bitcoin as fast as we are doing it, but when they find themselves in a difficult situation like a crisis in their county they will use whatever that works and bitcoin will be an option at that point but not before.

[Gibreil]

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.

The crisis might come! As of now, dollars and cryptocurrency devaluated much. I expect that many people will invest in bitcoin once there is a recession in our economy. They will backed their asset through bitcoin since fiat currency might lose its value. Well, I hope crisis won't come next year because we lose a lot in 2018.

[Femhab]

In the context recession can vary, it only depends on which type we are talking about. If it is in terms of currency such as most replies inclined then saving money in Bitcoin later in future will save from that upcoming recession but if it is general economic recession then more is needed than just saving in BTC or any crypto it's totally affecting all economy.

[Janation]

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.

Exactly, sometimes people forget so soon about bitcoin and how far this digital currency have come. I believe nothing good in life comes easy, there are bounds to be ups and downs in our lives. This is not the first time bitcoin is going down, I know it would bounce back bigger and stronger.

It did came back but I think it is just going back and forth again.

I do not know what is happening but we do know that it is normal for Bitcoin to be this way. With a lot of investors or users in the world, the volatility became more higher than we expected and might became higher the more the demand increases. We should be ready with the upcoming changes, I am not saying that Bitcoin will be going down but we should be ready.

[airdropcoin]

Yes, the cryptocurrency market will follow the decline of the financial crisis. Bitcoin will take off when the financial crisis is out of control. This may be a long process. Now we have seen a decline in cryptocurrencies, a decline in the stock market, and a drop in crude oil.

[adzino]

Yes, the cryptocurrency market will follow the decline of the financial crisis. Bitcoin will take off when the financial crisis is out of control. This may be a long process. Now we have seen a decline in cryptocurrencies, a decline in the stock market, and a drop in crude oil.

What financial crisis are you talking? I am not aware of such crisis. Can you enlighten me? If you are talking of those normal global economic crisis, I don't think it will be affecting the price of the bitcoin. In fact, the price of bitcoin should be rising during such crisis. Everyone will move their fiat investment to bitcoin or other crypto currencies, since investment on those during the crisis makes proper sense.

[dangerousdanjon]

If the recession predicted by the economist experts does happen then Bitcoin will be the safer asset for people and this would also give Bitcoin more popularity and more profit for we cryptonier. Meanwhile, this could be the reason why the whales flooded the market so we could buy dip.

A lot of people are still imagining bitcoin may not be the safe have from all I have read so far, but I guess that is one debate that time will eventually solve. I believe bitcoin and some other cryptocurrencies will be used more as a safe haven and looking at the fact that is a decentralized currency, it makes it easier to still carry out transaction activities easily rather than when we put our funds in physical assets pending when the whole recession will subside. Satoshi brought about the blockchain technology and built the first coin on it because of this, and what makes us think this vision will not come into play very soon.

[Kiweikoo]

I do not think so. the more advanced technology will create a better coin and superior among coin or token that already exists. everyone needs better coin and long term prospects.

Let's talk about the new technology and the fact that we are talking about the idea of deflation here which is actually what makes bitcoin come into creation today. If we are not skipping that part, I want to believe in the moment where things are going crazy, a lot of people will be looking for easy way out as a haven and with physical assets being one of the easiest ways back then; a lot may start considering digital assets.

We all know institutions may start beginning to have that planned out, hence this attempt of seeing the value drive down. I hope I am not wrong, but I will gladly take my chances with the crypto space anyway.