We are having the difficult time, are you still a Bitcoin HODL？

[Connor LC]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem?  

If you are new to blockchain, will you consider buying bitcoin these days?  
If you are an experienced expert, will you keep the bitcoins in your pocket?  

Just wonder and curious.  
Since I have heard so many news and opinions from critics, I began losing.
I read a special article in Medium today. I am sure it is a promotion for a new project, but the points that back up bitcoin sound reliable and I am touching.
https://link.medium.com/4tOqjBlcc5

So what about your idea?

[Lucius]

The article is more or less a standard analysis of the current situation, but in fact it aims to promote some kind of project that would bring more privacy to BTC, which is not really something new. As far as BTC anonymity is concerned, a lot has been written and suggested, but if we want more adaptation and use in the real sector, I think it's wrong to go in that direction. For greater privacy, there are some altcoins available to anyone who wants to stay under the radar.

As for the purchase or sale of BTC at this time, it is still the decision of each individual and his or her perception of what will happen in the future. There are some who think that BTC will succeed, despite the crisis with the virus and recession, and they will certainly continue to hold and buy at every opportunity. On the other hand, there are some who predict an even bigger decline, even under $1000, although there are many who say this only for the reason because they promote something better than BTC.

Bitcoin was born at the dawn of last recession, and now has a big test to show what it can do in the next recession. Hold, sold, or buy more? There is no meaningful answer to this question, play the way you think is best.

[PIMPdev]

yes there is no proper answer but still till there a lot of people who are holding then it should make sense to buy

[boyptc]

I'm not an expert but with such questions, I'll definitely keep my bitcoin.

Why should I sell it at the wrong time? I don't have reason to sell and I'm still in the right thinking that will never sell during this crisis.

[sheenshane]

If you are new to blockchain, will you consider buying bitcoin these days? 

When I was new in the cryptocurrency that was in year 2017 which is Bitcoin price was pretty high price back then. I didn't convince to buy yet I'm looking for a way how to earn it free and while doing that I'm studying and searching how Bitcoin price acts in the crypto market. And now I fully understand which is a good buying point of Bitcoin and I think this is the right time. But as your question is if I'm a newbie, I would definitely have full research and understand before embracing crypto.

If you are an experienced expert, will you keep the bitcoins in your pocket? 

Of course yes, I already know that there will always resistance to Bitcoin price every time it will drop. So I think buying and accumulating Bitcoin at a cheaper price is the best decision. You're not wise enough if you will sell it even though you know that you will have a loss. Just keep holding, because Bitcoin is good for long term holding.

[HardFacts]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.

BitCoin grew up in an ECONOMIC BUBBLE, when everything was going up...   BitCoins CRASH in response to its first economic crisis is very worrying.   The narrative that BitCoin is a " Safe Haven " is gone.

Of course those those that make money in BitCoin will try to always tell you to buy, but look at facts and BitCion PERFORMANCE, not what a bunch of people that want to make money are telling you.   Given BitCoins crash at the first sign of an Economic Crash, I would not put any money into it as the economic crisis is just going to get worse and last for many, many years.

Hard Facts

[Coyster]

Of course those those that make money in BitCoin will try to always tell you to buy, but look at facts and BitCion PERFORMANCE, not what a bunch of people that want to make money are telling you.   Given BitCoins crash at the first sign of an Economic Crash, I would not put any money into it as the economic crisis is just going to get worse and last for many, many years.

There are no special bitcoin earners or bitcoin "money makers", it's a decentralized network, it is open for everyone to either buy, sell, trade or hold, bitcoin also doesn't employ individuals or group of persons as advertisers to motivate people to buy, users only give their opinions based on what they've experienced and what they feel is right for one to do, "the ball remains firmly stuck in your court".

Bitcoins price today is 6k+, there have been times the price was far lower than this, what crash are we then talking about at this moment, if there is an economic crisis, it affects major investments, that includes bitcoin, the stock markets, small and large scale businesses etc, if this economic crisis will last for many years as you've predicted, I will trust bitcoin more than the others, but that does not mean you should.

[Wintersoldier]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem? 

If you are new to blockchain, will you consider buying bitcoin these days? 
If you are an experienced expert, will you keep the bitcoins in your pocket? 

Just wonder and curious. 
Since I have heard so many news and opinions from critics, I began losing.
I read a special article in Medium today. I am sure it is a promotion for a new project, but the points that back up bitcoin sound reliable and I am touching.
https://link.medium.com/4tOqjBlcc5

So what about your idea?

Whatever the article says. I rather choose to hold my bitcoins and maintain my long term investment because it is normal for bitcoin to make a sudden drop to it's price due to it's volatility that no one can predict when will bitcoin increase or decrease. Buying bitcoin today is really an opportunity because it is now cheap, that is why it is a great opportunity to every bitcoin users who still wanted to buy bitcoin.

[20kevin20]

To be honest, I'm pretty skeptical about the destiny of the markets. I would rather hold cash because with this lockdown you surely do want to continue having electicity and money for food (or for rent).

Therefore, I just cannot afford risking to put my money in BTC and then have it lowered by 20-30℅ due to market dumps. Moreover, the hyperinflation adds up to this value decrease and there you have it: a big disaster.

[kryptqnick]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem? 

If you are new to blockchain, will you consider buying bitcoin these days? 
If you are an experienced expert, will you keep the bitcoins in your pocket? 

Just wonder and curious. 
Since I have heard so many news and opinions from critics, I began losing.
I read a special article in Medium today. I am sure it is a promotion for a new project, but the points that back up bitcoin sound reliable and I am touching.
https://link.medium.com/4tOqjBlcc5

So what about your idea?

I am not an expert, but I am experienced and have been using Bitcoin for years. I think HODLing is not a bad idea, but my financial situation does not allow me to do that. My income became smaller because of the pandemic, along with local fiat devaluating more than 10% over the last month in comparison with USD. So I don't engage in panic selling, but I do sell some BTC from time to time when I need cash to pay the rent or buy some food. I think it's a reasonable approach. What also pushed me to spend rather than save these days is world economic crisis beginning right now, so any money might not be worth anything after a while, so in a way, I am spending a part of it to enjoy little things while I still can.

[OgNasty]

Bitcoin is a speculative asset and has not yet been tested in a true recession.  I think the drop we've seen due to the recent panic gives us a taste of how a speculative asset will perform during a financial crisis, but it would take a real recession, not some black swan event, before it is truly tested.  Maybe one day it will move from being a speculative asset to a store of value, but it is apparent that we are not there yet.

[ZeeeN]

if you not have problem in financial can cover cash for food/rent/electricity.

HODL is good move until market recover price will rise.


but if have some problem to you in daily life sell BTC is not bad idea  this covid-19 is not disappear soon.

maybe this pandemic still happen in couple month or Q3 2020.



stay healthy and stay alive everyone!

[Nadziratel]

I had sold most of the bitcoins I bought cheaply for $ 15,000. I have no idea or need to sell my current BTC for less than $ 100,000. If I need it, I will evaluate it at that moment.

[Kemarit]

Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem? 

Have you seen the meltdown in 2008? If yes then I think you should know by now how to react to it.

If you are new to blockchain, will you consider buying bitcoin these days? 
If you are an experienced expert, will you keep the bitcoins in your pocket? 

There is no definitive answer here. It's really up to the person risk aversion.

Others buy in this dip, take the opportunity to fill in their wallets. Other's panic scared of the global recession because of the pandemic, exited. And even if we advise people to buy, average joe need cash at hand today, so I doubt that they are buying.

[Pffrt]

Frankly speaking, you are mis-using the word HODL. If you know what does it mean or reflect, the question from holding part would not arise. HODL refers to holding the coin despite anything happens.
I have been holding for a long time now but that not too much although.

[Latviand]

If you are new to blockchain, will you consider buying bitcoin these days? 

When I was new in the cryptocurrency that was in year 2017 which is Bitcoin price was pretty high price back then. I didn't convince to buy yet I'm looking for a way how to earn it free and while doing that I'm studying and searching how Bitcoin price acts in the crypto market. And now I fully understand which is a good buying point of Bitcoin and I think this is the right time. But as your question is if I'm a newbie, I would definitely have full research and understand before embracing crypto.

If you are an experienced expert, will you keep the bitcoins in your pocket? 

Of course yes, I already know that there will always resistance to Bitcoin price every time it will drop. So I think buying and accumulating Bitcoin at a cheaper price is the best decision. You're not wise enough if you will sell it even though you know that you will have a loss. Just keep holding, because Bitcoin is good for long term holding.

Always be hopeful for bitcoin because since 2017, it gives you a positive point of view towards cryptocurrency. Expect what is unexpected so that you'll not get disappointed, but if you are really passionate and willing to prove that bitcoin is a store of value, then it depends on your decision. I choose to hold my bitcoin no matter what happens because I know that my predictions are somehow accurate compared to other predictions that I've been read in other thread topics. If there's an opportunity to buy bitcoin in a cheaper amount, don't hesitate to but some if you are confident to your predictions. Patience is also a factor that's why many people still hold even if they had a huge losses in the past few weeks when the bitcoin's price had dropped. Many are disappointed and were shocked and due to the covid-19 pandemic, they are forced to sell it for a cheaper amount. All we need to do is to promote bitcoin online while people are more focused and spending their time in social media during this lockdown.

[yazher]

Indeed nowadays is hard to be courageous to hold your Bitcoin because of our current circumstances. If you are able to preserve your bitcoin even though you're run out of funds to buy some stuff, after this pandemic, man! you are a legend. One of the reasons we saw the price not improving today is, investors are taking care of every action they will do in the crypto industry. Some are waiting for this pandemic to be done and they will invest after that and other has withdrawn of their crypto assets to stock some necessary needs of their families.

[avikz]

If you are new to blockchain, will you consider buying bitcoin these days? 

It's the right time to buy. US recently declared that FED will be printing $2 trillion to fight this COVID-19 outbreak and also planned to extend this help to many other nations. It's a two faced strategy. US knows that printing such amount of money will devalue the dollar, so they are sharing their new-found wealth to the other nations to increase the usage of it. At this point, bitcoin and gold are two major investments any wise human being would make. Buy while it's cheap, ladies!

If you are an experienced expert, will you keep the bitcoins in your pocket? 

Absolutely yes! For the same reason mentioned above, bitcoin looks really really attractive at this price point. Only accumulation is needed at this point.

[The Cryptovator]

Still I am holding my earned bitcoin. Not gonna buy recently but it's time to buy for newbies who want to enter on bitcoin. If you wonder that bitcoin would down $3K again than we don't know what will happen. No one could say where is the bottom, so whenever you could buy that's the bottom for you just should use your brain to determine recent bottom. Most likely I will hold my current bitcoin portfolio up to next halving pump (if happen it ever), otherwise will wait for reasonable prices.

[Darker45]

Yes, I am still HODLing. There is no point letting them go at this particular time.

As regards debt expansion, I don't know how to deal with it. That topic is rather fuzzy to me. What I know for sure is that debt is an integral part of at least 95% of all country's financial plan. You can only count with your one hand the countries that are actually debt free.

I am neither a newbie nor an expert but I would highly recommend that if you have a lot of extra savings, acquiring Bitcoin these days is a good thing to do. That would be a lot safer and most probably profitable than saving it in fiat.