New recession is around the corner

[wuvdoll]

I think "big recession" and specific national ones are affecting bitcoin differently. If one country has bad economy and they are not doing great like Venezuela for example that country does attach itself to crypto much more quickly and try to find a solution out of their horrible economy for sure, same happened with Cyprus for example years ago when people started to buy bitcoin in bulks over there and happened again for Greece too in 2010 which affected the price even more.

Nonetheless, if a big one happens all around the world than the economy of everyone gets destroyed all around the world and when economy is that bad everywhere than nobody has enough money to buy bitcoin since they are becoming more poor and how can a poor person leave money aside to buy bitcoin.

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[usorin]

I believe the great financial depression become the alternative for the "end of the world". Certain things happen and we have to deal with it at that point.

[Febo]

How bitcoin weathers the next recession will be a defining moment for it, because there isn't much precedent from its short history. However, what would certainly be bullish is if central banks once again engage in quantitative easing or money printing. This will make bitcoin and other finite goods more valuable relative to cheapened fiat currencies. I think bitcoin will come out stronger from a recession, though it might crash temporarily.

It would be nice to see how Bitcoin handles recession.I agree with what you said above. It never happened and if the banks print more money and cause inflation, Bitcoin could very well skyrocket and become the next gold.

Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.

Bitcoin will become worth $1 million long after MacAfee with eat his words once again.

[BitHodler]

Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.

John McAfee is a drug addict. What do drug addicts usually have in common? Right, they are pathological liars. He will pretend to not have made that prediction, just like how he pretended to not have made a $78k 2018 prediction.

People for once need to stop giving these idiots attention, because that's exactly what they are after with such silly predictions. We're way better off in crypto without people (ahum, liars and scammers) like John McAfee.

Aren't several authorities looking to arrest him for non crypto related crimes?

[CryptoBry]

Last big recession was in 2007 and the next one is long overdue.

This next one is going to be on a much larger scale and last longer than we expect. The signs are all around us. First, the Avengers Endgame was so hyped and in the end it was disappointing. Game of Thrones final season was hyped and so far very disappointing. Star Wars will probably be disappointing as well. All of them have a huge budget yet they somehow went on and made a crappy production. Why? They know the recession is due and they are saving money everywhere they can.

I am thanking you for this post as it woke me up from dreaming of watching The Avengers in the movie house...finally I am able to save some money that I am using to buy Bitcoin in preparation for that Big One Recession. Seriously, I actually believe that soon the global economy can be into some form of a big catastrophe. There are now many signs and soon we shall experience all the fruits of bad decisions made by many big governments in managing their economies and finances. I am hoping there can be a movie soon that is dealing with this economic malady and how we can be avoiding them on personal level.

[magneto]

I don't disagree with your statement that a recession is going to be due sooner or later, however, I sincerely doubt that the examples that you gave have anything to do with economics as well. There is simply no tangible link in my opinion between these events.

But yes, any period of sustained economic growth is going to end with short term corrections, and so far we've seen quite some time before a big correction has come.

I think that it will be very likely that some time in the future certain asset bubbles in the traditional economy like real estate and stocks will burst or at least slow down, given the fact that they've simply been on the rise for so long, probably due to the availability of cheap credit.

[traderethereum]

So we can hope that in that year, bitcoin will be adopted by many people especially in the USA because of the recession.
That will be interesting if bitcoin finally being adopted by a big country and have power.
But that will be a waiting time for us if that will happen or not because we are still in 2019 and we need to wait a year before it's happening.
The chances for bitcoin to be accepted in many countries will wide open if people in the USA can accept bitcoin, so the other big country will follow what the USA does.

Recession makes it LESS likely that bitcoin is adopted. People need money to buy bitcoin - and in recessions money is scarce. Also inflation drops in recessions which means that hedges against inflation arn't required so much.

Bitcoin will only take off if there is asset confiscation. Say AOC or someone like her gets to power in 2020 and starts confiscating wealth. Bitcoin then becomes very attractive as a means of storing and hiding wealth.  Don't forget that the event that made bitcoin mainstream in 2013 was Cyprus confiscating savings balances of ordinary people deposited in banks to bail out the bankers.

No, I don't think so because people can search a new way to make money and if they think that they can use bitcoin as their source, I believe that they can use bitcoin to make money.
They can start to join in the cryptocurrency without buying bitcoin because we know that there are many ways for people to get free coins and they can sell it to make bitcoin.
If you remember that in 2017, people are amazed to see bitcoin can touching almost $20k and that makes people want to invest in bitcoin. That will happen again in the future especially if bitcoin can reaching the highest price again.

[ricardobs]

Last big recession was in 2007 and the next one is long overdue.

This next one is going to be on a much larger scale and last longer than we expect.

The signs are all around us.


First, the Avengers Endgame was so hyped and in the end it was disappointing.
Game of Thrones final season was hyped and so far very disappointing.
Star Wars will probably be disappointing as well.

All of them have a huge budget yet they somehow went on and made a crappy production. Why?


They know the recession is due and they are saving money everywhere they can.

Your correlation is partially right. But all these movie organizations didn't necessarily rely on bank loans in order to fund their projects. They were already successful and profitable. I Believe that the sign of the next economic crisis is the fact that we undergo a long period of economic growth will low interest rates and this usually blows the recession.

This guy doesn't even know what he's saying and I don't see how movies are what can cause an economic recession. An economic recession is accompanied by a drop in the stock market and an increase in unemployment, that's what we should be talking about and not whether movies are good or not. Factors that can cause recession are reduced real wages, reduced consumer confidence, inflation, and high interest rates. That's the only factors that are sure to lead to a recession.

[fiulpro]

Funny arguments

According to your argument the 356 million USD used in making of eng games ; it is less then the 220 used in the avengers part ?

 arguments needs stable data , check Google , it's not According to your theory .

Also no picture can determine 'the recession is near '  I repeat - NoNe , visit your nearby farmers if you want to get some info.

[Febo]

Funny arguments

According to your argument the 356 million USD used in making of eng games ; it is less then the 220 used in the avengers part ?

 arguments needs stable data , check Google , it's not According to your theory .

Also no picture can determine 'the recession is near '  I repeat - NoNe , visit your nearby farmers if you want to get some info.

They said No one can kill Night king and they were right. No one killed it.

[ogini]

The market is gaining back from it recession bitcoin itself have again a lot,so I think the market is not close to recession any longer rather it is stable.

[kaya11]

Well in any case the world economy collapse at a massive pace I will still be ready. I have traditional asses such as lands, and these lands have full grown crops that are edible. If money won't have any value or food will be scarce, I still have backed-up plans and you should also too. I am just stating possible scenes out here, either you start your own farms or buy foods that are expensive in the future. We gotta be practical at all times. In any case I still hold my crypto currencies and continue life as it is.

[prtty2gal2]

How bitcoin weathers the next recession will be a defining moment for it, because there isn't much precedent from its short history. However, what would certainly be bullish is if central banks once again engage in quantitative easing or money printing. This will make bitcoin and other finite goods more valuable relative to cheapened fiat currencies. I think bitcoin will come out stronger from a recession, though it might crash temporarily.

It would be nice to see how Bitcoin handles recession.I agree with what you said above. It never happened and if the banks print more money and cause inflation, Bitcoin could very well skyrocket and become the next gold.

Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.

I guess John Mcaffe was also picking out his prediction from the this point of recession, and if it is based on recession that he predicted bitcoin to reach that value, I guess he may not really be right after all, I don’t see recession happening soon, it has been long that we have been predicting these global recession of a thing and it is not happen.

If all countries are active and using every mean to avoid it, then I don’t see it happening, we have so many factors like cryptocurrency and other things that are really kicking against recession, which is why we may not see it happen again or anytime soon.

[7788bitcoin]

Last big recession was in 2007 and the next one is long overdue.
This next one is going to be on a much larger scale and last longer than we expect.
The signs are all around us.
First, the Avengers Endgame was so hyped and in the end it was disappointing.
Game of Thrones final season was hyped and so far very disappointing.
Star Wars will probably be disappointing as well.

Are you seriously comparing fiction and real economics and i am not sure why you think that Avengers endgame is a disappointment, when it comes to movie collection, they are breaking all the records and collected more than two billion dollars which is not a bad valuation for a movie which has spent 356 million dollars according to reports. If you are talking about the lack of script to be that hyped, then i am not sure what to tell, if you are talking business it is a successful venture. When it comes to recession there is no signs of a global recession at this point, no one expected back in 2007, only some top level bankers knew what was coming and that will be the case next time around, you only know once it hit the market.

[MarcusGates]

Are you seriously comparing fiction and real economics and i am not sure why you think that Avengers endgame is a disappointment, when it comes to movie collection, they are breaking all the records and collected more than two billion dollars which is not a bad valuation for a movie which has spent 356 million dollars according to reports. If you are talking about the lack of script to be that hyped, then i am not sure what to tell, if you are talking business it is a successful venture. When it comes to recession there is no signs of a global recession at this point, no one expected back in 2007, only some top level bankers knew what was coming and that will be the case next time around, you only know once it hit the market.

That is exactly my point.
They know in movie industry that the next recession is coming.
They saved tons of money on production to save cash for recession by making a bad movie.
They hyped it, earned a lot of cash, left people disappointed and ended up with extra cash to prepare for recession.

I never said movies and tv shows will cause the recession, that would be stupid, but they know it's coming and they are just saving their money.

I menationed this in the opening post, as soon as I watched GoT s8 e1, I noticed it was very poorly written. E2,E3 and E4 confirmed it. Endgame also.

So far I'm right.

[Lucius]

MarcusGates, your personal opinion is that Game Of Thrones season 8 is bad, but I can not agree with that. I think it's very good show, and that is justified the expectations of the majority - except those who expected the battle better then ones from Lord of the Rings. Some things could certainly be better done, but you have a option to watch or not.

Somehow it does not seem logical to compare recession with tv shows, but the truth is that all are trying to earn as much as possible, with as little investment. Next recession is maybe close, but it seems to me that it will still take another few years before that. Maybe I'm wrong but some are still recovering from 2008, and the world has probably learned something from mistakes - recession every 10 years is just too much.

[stompix]

I read not long ago that 75% of CFOs predict a recession in the USA by the end of 2020. Isn't that funny the coincidence with the BTC halving?
Italy has managed to avoid a recession, but there are still concerns, and I am not even talking about Germany. If a recession happens in Europe people/companies will switch to a safer currency like CHF, GBP, or NOK.

Well, there is a Bitcoin halving every 4 years so the chances of hitting one are 25%, so rather than a coincidence it's more plausible to happen, if not this time at least twice or thrice in the next 100 years

your personal opinion is that Game Of Thrones season 8 is bad, but I can not agree with that. I think it's very good show, and that is justified the expectations of the majority - except those who expected the battle better then ones from Lord of the Rings

When the producers come up and say we're going to have a battle scene longer, better, more dramatic more...bla bla bla than Helm's Deep and you end up with that is like buying Bitcoin and realizing at home you've actually bought Shitcash.

That is exactly my point.
They know in movie industry that the next recession is coming.
They saved tons of money on production to save cash for recession by making a bad movie.
They hyped it, earned a lot of cash, left people disappointed and ended up with extra cash to prepare for recession.
So far I'm right.

Oh my god, you weren't joking, you're really believing this
How does the whole stashing cash away scenario work with the 71 BILLION $(more than the market cap of all altcoins) new acquisition made by Disney?

[darkr]

How bitcoin weathers the next recession will be a defining moment for it, because there isn't much precedent from its short history. However, what would certainly be bullish is if central banks once again engage in quantitative easing or money printing. This will make bitcoin and other finite goods more valuable relative to cheapened fiat currencies. I think bitcoin will come out stronger from a recession, though it might crash temporarily.

It would be nice to see how Bitcoin handles recession.I agree with what you said above. It never happened and if the banks print more money and cause inflation, Bitcoin could very well skyrocket and become the next gold.

Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.

Bitcoin will become worth $1 million long after MacAfee with eat his words once again.

Now, everyone is joking about his words, but do not you remember that people, who used to believe him, rushed to buy Bitcoins selling their property? You need alway to think, using your own mind.

[1Referee]

Now, everyone is joking about his words, but do not you remember that people, who used to believe him, rushed to buy Bitcoins selling their property? You need alway to think, using your own mind.

What people are you talking about? He actively promoted scam ICO's and people lost tens of thousands of dollars as result. If he actually made people buy Bitcoin, that would be a good deed, but nope, he wanted quick money at cost of innocent people. John McAfee is untrustworthy and doesn't deserve the "respect" people attribute to him. Guess what he will do during the next mania......  

He is also close friends with Roger Ver, which doesn't surprise me one single bit. Scammers like to be surrounded by like-minded people.

[yusupjatigumilar]

Your statement really represents what I think right now, many ICO projects where they managed to raise a lot of funds and even hardcap, but after they managed to get it all they only produced products that were not in line with expectations and plans. maybe this is one of the factors causing the decline in investor confidence in blockchain technology and crypto currencies.