Are we heading towards Recession?

[error08]

Most likely not, even though there is a trade war between two mega countries partly to blame. The effect is just a global economic slowdown but many countries still in good condition and could manage to generate positive annual GDP.

[DevilSlayer]

It is combination of the pattern that we are seeing today and also the fear of the uncertainty for the future. We are slowly heading towards recession and it is an opportunity for people to build wealth fast because they can buy a lot of cheap good stuff when the recession comes. Do not be afraid of it because it is part of the cycle of the market and all you gonna do is to save money and keep it as your ammo.

You really think so? I think it's not going to be as serious as the one that happened in 2008. If we do come to a recession at all. A lot of people are now more financially aware and have been looking towards the future. As I observed, people aren't lying low when it comes to spending. It's quite the opposite actually with online shopping becoming a trend globally. Who would think that a recession is in the works?

We cannot predict when will be the next recession but I'm sure it will come. Even billionaires are even aware that it will definetly come. According to what I have read before, we can avoid recession by investing. Invest our money in asset that can give us passive income. It is good to build a business or invest in real estates. The 2008 is called the great recession and it is all about morgage and real estate. I know the next recession is about the crashed of the stock market and also the fall of banks.

[Sadlife]

Yup especially in the western parts where EU is planning a brexit and really affected the price of pounds, that made the fiat is crashing. Also US is in economic crisis with its oil back us dollar and every investors is pulling out are they learned that the oil back currency is falling this might result on an inflation causing for a harder cost of living.
This type of financial crisis is what bitcoin is for.

[electronicash]

Yup especially in the western parts where EU is planning a brexit and really affected the price of pounds, that made the fiat is crashing. Also US is in economic crisis with its oil back us dollar and every investors is pulling out are they learned that the oil back currency is falling this might result on an inflation causing for a harder cost of living.
This type of financial crisis is what bitcoin is for.

it doesn't mean bitcoin will not be affected though. recession is not good for all. you can only hope adoption is already massive that every merchant you can find in corners accepts BTC but if its not that adopted yet you will always go for fiat still. its not going to be a safe haven for all. but i guess the governments now developing their digital currency will likely help bitcoin to rise.

[bitzizzix]

Recession will definitely happen but don't know when it will happen, and if it happens globally people will not place their funds in high risk assets, and given that Bitcoin is a high risk asset and there is a possibility that Bitcoin will go down and people will feel better buy gold to protect the value of money or save cash.
and besides that there will be many layoffs and many others that have a bad impact on many people.

[btcmurat]

People are reducing their spending? Who says that? Amazon or Alibaba shopping spree continues. People's spending habits have changed. Every day more money needs to be spent. Such a situation cannot continue. This may change depending on the economic situation of the countries. As a result, the US central bank follows a tighter policy on the dollar.

[KnightElite]

Recession will definitely happen but don't know when it will happen, and if it happens globally people will not place their funds in high risk assets, and given that Bitcoin is a high risk asset and there is a possibility that Bitcoin will go down and people will feel better buy gold to protect the value of money or save cash.
and besides that there will be many layoffs and many others that have a bad impact on many people.

There are many entrepreneurs who says that the financial crisis is coming. The economy is become worsening and we will see that the inflation rate every year is growing up. There is a analysts saying that there are many all time high or ath in stock market. He said that it was a bubble and there is a big possibility that the recession will be soon. Investingyour money in a business that we can give us passive income and we can survive if the recession happens.

[Trela]

During previous recessions people were in denial, just like how the mainstream media was in denial. This time it's completely different (the opposite), which I am actually happy with because I don't want to see recession take place. Recession isn't good for Bitcoin so please stop dreaming about that. It's not a safe haven asset and probably won't be for a long time.

It's good if it will allow you to buy more bitcoins. At the very least, most real world assets would be cheaper to buy so as long as you managed your money properly, you can profit off a recession or rather once the economy picks up again.

But it's useless if Bitcoin isn't being taken advantage of by someone to increase its value. I know a lot of people will choose Bitcoin as a shelter when the recession happens, but I agree with 1Referee, Bitcoin isn't a safe asset for long-term shelter.

Anyway, the economic downturn always brings pain to many people, although I can't deny that there are still opportunities to get rich. But for me, I don't like that happening!

[AniviaBtc]

Yup especially in the western parts where EU is planning a brexit and really affected the price of pounds, that made the fiat is crashing. Also US is in economic crisis with its oil back us dollar and every investors is pulling out are they learned that the oil back currency is falling this might result on an inflation causing for a harder cost of living.
This type of financial crisis is what bitcoin is for.

it doesn't mean bitcoin will not be affected though. recession is not good for all. you can only hope adoption is already massive that every merchant you can find in corners accepts BTC but if its not that adopted yet you will always go for fiat still. its not going to be a safe haven for all. but i guess the governments now developing their digital currency will likely help bitcoin to rise.

But I hope there's something that can help us to lessen the harmful effects of recession to the country's economic state. Maybe after that recession, we can bounce back to the growth of cryptocurrencies. Yet in this case, fiat is the most effective currency during recession.

[henrybek3]

The market made a $ 500 move. A new story may begin. Bitcoin price has begun to stir with the excitement of Christmas. There are too many people with good expectations from the New Year. We expect good things from this market.

[kotik085]

The dominance of bitcoin will not allow to approach the recession. This will not happen and Bitcoin will become a leader in the crypto market.

[aardvark15]

It’s going to eventually happen and probably soon. We are past due for a recession based on history.

The best thing you can do is get your finances in order so it doesn’t have as much affect on you.

[justdimin]

many countries still in good condition and could manage to generate positive annual GDP.

You need to remember that most governments are known for manipulating such data so that they may look like in good conditions but when it come for real test of recession, the real situation will come into limelight and ending up suffering of its people. I read some countries are excessively printing money regardless of their actual production nor gold reserves to bail out things so that its economy may look like stable and growing.

We are past due for a recession based on history.

Probably I guess governments and corporate had learned how to prevent recession or at least the tactics of delaying it. As per my country slow down in many sectors has been a regular news and lots of people are losing their jobs as daily event. Still, government officials are saying economy is in good state and layoffs are due to other reasons like inefficiency. I guess we are at recession already but my government is trying to make it up as much as time they are able to, for political reasons.

[Polar91]

It’s going to eventually happen and probably soon. We are past due for a recession based on history.

The best thing you can do is get your finances in order so it doesn’t have as much affect on you.

What do you mean to get your finances? Because my thoughts about this is to secure your finances and try to diversify it to different assets so no matter which assets gets into recession or to considered in trouble, you still have options for you to trade. We all know and predict that when recession comes, our fiats might be worthless, with that, if we have bitcoin or gold, then with the old system of trading we can still have are necessities secured and could still be in good shape in many aspects of our living.

[longyenthanh]

I don’t think things are getting worse as we have in 2008. Even if we have a recession like 2008 I don’t think bitcoin is in a position to replace fiat and solve the recession problem. First time in history GDP of small countries are soaring Bangladesh second in South Asia in GDP growth: WB

[IHF]

New Gold Rush in Germany lol

from 1st Jan on politics cut again the limit for buying gold anonymously due to money laundering protection from 10k to 2k. Fast-Fact: Just 64 out of 59845 cases of laundering money can be related to gold ....

https://www.welt.de/wirtschaft/article204562092/Neue-Bargeldobergrenze-Lange-Schlangen-vor-den-Gold-Handelshaeusern.html?utm_source=pocket-newtab

Trust in Fiat is becoming tremendous!

have a nice one all ...

[abhiseshakana]

New Gold Rush in Germany lol

from 1st Jan on politics cut again the limit for buying gold anonymously due to money laundering protection from 10k to 2k. Fast-Fact: Just 64 out of 59845 cases of laundering money can be related to gold ....

https://www.welt.de/wirtschaft/article204562092/Neue-Bargeldobergrenze-Lange-Schlangen-vor-den-Gold-Handelshaeusern.html?utm_source=pocket-newtab

Trust in Fiat is becoming tremendous!

have a nice one all ...

The most important reason for institutional and private investors to buy gold metal is the investment insecurity that is seen regarding the further development of a country's economy and financial industry.

While the government's reason for limiting gold purchases is to maintain the country's gold reserves. Reserves are an important element in a country because they can provide protection against domestic and external shocks. Reserves are also an expression of the trust of the external world to a country.

Why in the end many countries have committed to importing gold to become their country's reserves. Even Germany claims to have withdrawn its gold reserves stored abroad back to Germany.

This is due to increasing uncertainty about the global economic and geopolitical outlook. Starting from the American and Chinese trade wars, the rise of populist forces in Latin America, Brexit issues and many things. But behind all those reasons why many countries and central banks have begun to increase their gold reserves because of a more intrinsic reason, the intrinsic value of gold as a reserve asset.

[alyssa85]

New Gold Rush in Germany lol

from 1st Jan on politics cut again the limit for buying gold anonymously due to money laundering protection from 10k to 2k. Fast-Fact: Just 64 out of 59845 cases of laundering money can be related to gold ....

https://www.welt.de/wirtschaft/article204562092/Neue-Bargeldobergrenze-Lange-Schlangen-vor-den-Gold-Handelshaeusern.html?utm_source=pocket-newtab

Trust in Fiat is becoming tremendous!

have a nice one all ...

Germany is experiencing negative interest rates, and positive inflation. So of course people are rushing to buy gold. Their economy has also stalled - so I guess if a recession appears it will be in central Europe starting in Germany and then spreading to the countries that sell them parts (Poland, Hungary, Slovakia, Czechia).

[naikturun]

it's possible, because the current economic situation is very difficult, not only in a country almost all countries feel it, this is like a currency that suddenly reduced drastically, for example many companies are reducing the number of employees.
I don't know if this will be sustainable.
but we must see the changes brought about by this recession.

[naikturun]

I haven't seen common joes talk about a looming recession this much before. Probably a sign that we're not even remotely close to a recession.

During previous recessions people were in denial, just like how the mainstream media was in denial. This time it's completely different (the opposite), which I am actually happy with because I don't want to see recession take place. Recession isn't good for Bitcoin so please stop dreaming about that. It's not a safe haven asset and probably won't be for a long time.

If people want to see Bitcoin do well, we need to have the largest economies in the world do well. The more confidence there is the more speculative capital will enter Bitcoin's market.

to know the economy is difficult right now, have you seen the reduction in employees everywhere, I think you should look directly into the field so that you.
This has happened since 2018, not only the cryptocurrency market, but others have also been affected.