Why is crypto going up after the news of being in a recession?

[feeling sound]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

[1715004324]

1715004324

[Rikafip]

Current narrative is that this is just temporary and that we are going under 20k again as we need the real capitulation before we can move on and I tend to agree with that as i don't think that we are out of the woods yet. Then again, because so many expect that scenario, maybe we won;t see it and instead it goes sideways for longer period of time before it starts pumping again.

Either way this is a good entry price and since I have no intentions of trying to time the market, I am already buying BTC.

[StanCrypt]

Satoshi created Bitcoin to lessen our reliance on banks (particularly central banks), whose reckless lending practices led to the collapse of the real estate market. A great account of the housing market crisis was produced by the National Council for the Social Studies. The market had enormous leverage, investors disregarded fundamentals in pursuit of short-term gains, and the Federal Reserve changed its interest rate strategy. Cryptocurrencies: Can it withstand a downturn?

Let's look at Bear cases and Bull cases:

Cryptocurrency markets have little control over external economic factors. Recently, the Federal Reserve raised interest rates in an effort to promote the economy and control inflation. Growth in the economy and inflation are balanced by the Federal Reserve. More money is available in the economy thanks to lower interest rates, but inflation rises. Higher interest rates increase the cost of borrowing for businesses and consumers, which lowers consumption. Rate increases could start a recession. In a downturn, people could have to liquidate their cryptocurrency holdings to cover living expenses.

The potential of cryptocurrencies is essential for surviving a recession. Cryptocurrency is no longer just for peer-to-peer transactions. The current use cases for cryptocurrencies include DeFi, NFTs as art, gaming, and Polygon Nightfall. While many more use cases have been put up, they have not been generally embraced. The use of cryptocurrency for decentralized storage, digital identities, and housing documents has immense potential. Numerous businesses have entered the bitcoin sector, lowering the likelihood of a collapse.

https://www.nftically.com/blog/can-cryptocurrency-survive-a-recession-nftically/

Most markets and sectors are harmed by recessions. The legal ambiguity and youth of the bitcoin industry may make it more vulnerable than other sectors. The underlying technology and its use cases will improve businesses' and individuals' lives. It's difficult to see all of this disappearing because of a bad economy.

[Z-tight]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

The market has not shown any bullish sign, just small upward movements cannot be described as being bullish. It is firmly still in the winter season, nothing has changed from my point of view.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Bitcoin is an anti-inflationary currency in itself, i don't feel it is supposed to hedge dollar or fiat devaluation. If you buy bitcoin, it is btc that is deflationary or inflation resistant because of its fixed supply or halving after every 210,000 mined blocks and not the dollar, because if you want to look at your money in terms of dollars/fiat movement or you plan to convert it, it is still affected by inflation, what i mean is whichever way any of the two different currencies move doesn't affect or can hedge the other as they are extrinsic.

I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

If you are using DCA to buy bitcoin, it is great, but if your "favorite projects" are many short term, shit and scam coin altcoins, you may want to recheck that and buy only bitcoin for crypto investment, and other extrinsic assets for diversification.

[Upgrade00]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

Firs time?
This is a normal everyday market in crypto. That's the point of volatility, intermittent upward and downward movements over a period of time. Volatility is high in this niche and so, that period of time can be very narrow, leading to wild daily price actions.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Bitcoin is not proving to be anything; It is what you make of it.
It can be a speculative asset, a hedge fund, a currency etc. There are qualities in it which makes is usable as any of these.

Do you guys Believe in this pump or is it just temporary until another leg down?

I think the pump is temporary, but I also think we've found or at best almost found the bottom and the price should not drop much further.

[Republikcoin.com]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I think it is a natural thing because every day there is always demand and supply in the market which is still not stable

I find it a bit odd that the market is pumping on the news of a recession.

Actually there is nothing strange at this time even though there are many news circulating about Bitcoin and others, but basically I always don't believe the news immediately after reading it because I still need to prove the truth of a news after I read it.

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

So far I still believe in pumps because drops are common in the market and it's always very close to pumps. You can see for yourself that in the market when there is an increase, there will also be a decrease. So try to understand every condition that exists.

[so98nn]

It has not even crossed the upper limit of this year so its not really back up yet. I would say bitcoin went up once it reaches the value of at least ATH of this year, that is from January to present timeline. I am not talking about the last years ATH since situation at that time and this year is entirely irrelevant. Basically there are many things are happening since we reach 2022. Most of the businesses are settling back, but then two countries started war and more than half western hemisphere got tangled up into it indirectly. Different sanctions, yes and no's is really making the market go crazy. So definitely investors are very used it now and might have started investing back again into bitcoin no matter what news feeds the paper. May that very tie of what will happen next is now broken and thats why up and down movements of bitcoin all the time.

[Alisha-k]

I find it a bit odd that the market is pumping on the news of a recession.

You won't call this a pump. It could be a retracement or a pullback sometimes during recession news the market goes bullish first so the bulls can get exhausted before the bears do what the have in mind. i will just advice a DCA. If prices crosses the current $23k and keeps moving upward and heads to $25k then it will be a good time to catch up with the new trend else i wait for the reversal and buy lower again while

[davis196]

The spring Bitcoin price crash from 40K to 20K was caused by several big crypto companies going bankrupt and all the panic around them.
Many traders/investors/users have realized that Bitcoin can survive without Celsius, Voyager and all the other scams. Maybe that's why some investors started buying Bitcoin again. This definitely isn't a bull run. It's normal market volatility. At least all the "doom & gloom" anti-Bitcoin haters/FUD spreaders have stopped with their nonsense for a while. It would be nice if the price recovers back to 30K or even 40K USD, but this is highly unlikely to happen anytime soon. I predict the Bitcoin price is going to stay in the 25K USD range until the end of 2022 and a 60K-80K price range after the next BTC halving in 2024.

[Darker45]

On the one hand, there are people who are saying that Bitcoin could benefit from this recession, which the top guns are denying even to the point of changing its definition. On the other hand, there are also those who try to explain the bearish market to be generally brought about by macroeconomic factors, of which the recession is an effect. I guess opinions are basically divided.

For me, the movement of Bitcoin's price right now is not really related to the recession issue. It so happened that Bitcoin has already started to recover--if indeed this is recovery--when the issue of recession exploded, even though it has already been a topic of discussions for some time.

[Taskford]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

Due to the hype that bitcoin can be there safe haven in times of recession and many people talks about it so maybe this is the effect of the discussions made by people.

If this is the real case happening then this is good news to us since we are all benefiting if more people will shift to use crypto since this could give green flags to the government and improve its adoption level.

[KingsDen]

The recession news hit bitcoin in two ways. It will make people feel that there will be high inflation and it will be difficult to have money to maintain living let alone for investment. So, let us feed ourselves first and be happy till recession is over.

On the other hand, some people will feel that the only way to respond to the effect of recession is to invest in bitcoin since 1BTC is always 1BTC. In any of the two ways the effects would be seen on chart.

Personally, I don't have e good knowledge of the charts. The only things that gave  me hope to DCA from last month is that I am sure bitcoin is not a bubble and I have seen bitcoin @ $69k and now it's within $20k, which means it will surely hit $69k again, it doesn't matter how long it takes.

[Silberman]

Current narrative is that this is just temporary and that we are going under 20k again as we need the real capitulation before we can move on and I tend to agree with that as i don't think that we are out of the woods yet. Then again, because so many expect that scenario, maybe we won;t see it and instead it goes sideways for longer period of time before it starts pumping again.

Either way this is a good entry price and since I have no intentions of trying to time the market, I am already buying BTC.

This is the way I see it too, it would be nice if people were actually using bitcoin as a store of value and protect themselves from the high levels of inflation that we are witnessing, but I have severe doubts this is going to be the case, it is way more likely that the price will remain close to the current levels for some time, then at some point an important drop happens and many weak hands sell their coins as they are unable to deal with drops in the price anymore.

[NeuroticFish]

I find it a bit odd that the market is pumping on the news of a recession.

I find it odd you call this pumping. Just put the charts on one-day mode and see what "pump for ants" we had.
And imho it's unrelated to the news about recession. It could be related to the news about stocks ending a good month. It could be related to the fact people start to buy, expecting the bear market to end. But again, it's just a move in the usual range, I don't see any big fuss in it.

[sunsilk]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

I understand all of those questions popped on your mind but this is the normal market for crypto that we have. Whether we have recession or none, we'll always get to see the crypto market pumping and dumping.

With good or bad news, the market will always react at both sides, positive and negative, decrease and increase. You should get used to it when you see it go from side to side.

There's really nothing to think about it that much when you see it fall and rise.

[Lucius]

I find it a bit odd that the market is pumping on the news of a recession.

Economically speaking, recession is (for some) a much better situation than inflation, and considering that all eyes are currently on the US and its monetary policy, which by raising interest rates is leading the country into recession, the market reacted positively. The US market is very important for cryptocurrencies (perhaps the most important), so any positive change there reflects positively on the price.

I believe that the overall situation would be even better if there was more determination in the EU, but different interests within the Union result in a great indecision, which creates a very confusing effect in addition to the consequences of the war. In addition, the Bitcoin crash at a value of up to $17k is largely the result of the fiasco with Comrade Kwon's project, and the bankruptcy of various crypto landing companies.

Although it is in the zone of speculation if that crash would have happened without those factors, I still believe that they would be much closer to $30k right now if those things had not happened.

[Rikafip]

This is the way I see it too, it would be nice if people were actually using bitcoin as a store of value and protect themselves from the high levels of inflation that we are witnessing, but I have severe doubts this is going to be the case, it is way more likely that the price will remain close to the current levels for some time, then at some point an important drop happens and many weak hands sell their coins as they are unable to deal with drops in the price anymore.

Not all that sell Bitcoin are weak hands that lost the faith as there are those who think that price will go lower so they sell with the intention to buy back and increase the amount of BTC. I did that back in the late 2018/early 2019 when I sold all BTC and bought it again, almost doubling the amount of Bitcoin. I tried to do something similar later that year but then I lost decent portion of that profit, proving that previous time was just a dumb luck and that I am not cut for trading. Since then I just hodl and I don't try that "sell high buy low" tactic as in my case it usually ends with "buy high sell low" lol.

[TheNineClub]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

Daily ups or downs are neither bullish nor bearish, it's just what the market does, it never flatlines. Any bearish or bullish tendencis can be looked in a more broader time context than this and in all honesty, from what we have seen in previous cycles, it would be to early for any upward motion.

[laredo7mm]

The market has not shown any bullish sign. Just it is incressing for long time stable and voloum is getting up and ,fake pump is also happaning . markets have little control over external economic factors.and alt is also doing good beacuse of bitcoin is stable in same area . but a big correction will be happen very soon . and big pump is also comming .market is now under control becuse no bad news is come . now This is a normal everyday market . now good time for short trade . so enjoy this bulish time and also wait for correction for buy a large ammount step by step. so the total talk is now market positon is normal .

[jrrsparkles]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

I won't say that increasing from 23K to 24.5K is acting like bullish trend because the volatility range is somewhat at 5% range which can happen everyday even with no news due to the trading market and volume difference. Anyway even if the Bitcoin turns out to be bullish in the recession then its not really a big surprise because people are moving to adoption from time to time so we assume that they also started accepting bitcoin as storage of value against these inflation.

[hugeblack]

When you say it goes up, you need to increase by more than 30% at the same moment of announcing the results of inflation or a short period of them to prove the relationship between the two things, something that did not happen, but there was a traditional increase in the price.

As for the reason for the increase, not the decrease, which is that the markets were expecting the worst, and pricing began according to that worst event, which did not happen, and therefore this positivity is naturally in the form of an increase in the price.

Finally, many believe that raising interest rates will not solve the problem of inflation.

[The Sceptical Chymist]

It's not just crypto; the stock market is still soaring and has been for over a decade now--it's been the longest bull market in recorded history.

As far as the talk about recessions and so forth, I'm not entirely convinced we're in one yet.  I don't doubt that one is coming, but frankly with all the jobs still open and companies looking for workers to fill those positions with, it doesn't feel like a recession has hit.  Sure, inflation is taking off, but the economy still seems fairly strong (to me, anyway).  And bitcoin has been known to not follow what stocks or other asset classes are doing. 

It is and always has been a playground for speculators and straight-up gamblers, so it shouldn't come as a suprise that the price of bitcoin hasn't tanked worse than it already has--and remember, it did take quite a beating in the past few months.  It was over $63k last year, and it dropped to less than 1/3 of that.  If we're in a recession, I'd say bitcoin did in fact drop accordingly (but I still don't think we're in one).

[fullhdpixel]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

I understand all of those questions popped on your mind but this is the normal market for crypto that we have. Whether we have recession or none, we'll always get to see the crypto market pumping and dumping.

With good or bad news, the market will always react at both sides, positive and negative, decrease and increase. You should get used to it when you see it go from side to side.

There's really nothing to think about it that much when you see it fall and rise.

Crypto works in two cycles so once one of the side is done then it's now turn for the other side to shine and it will happen no matter what. It's true that news do have an impact on the price though not too often and not all times the effect are strong but sometimes the effect can also be small. Maybe this is what's happening lately. It's also possible that the effects are just delayed like last time where there a news about whales buying cryptos.

I wonder why the crypto price didn't move upwards but the effect starts kicking in later on. A lot of people wonder what is the cause of it but I didn't. I tell them that it was because of the news that we have last time.

[Dunamisx]

I find it a bit odd that the market is pumping on the news of a recession.

Why should you? don't you know that news itself has a little impact contributed on bitcoin price, while talking about the economy recession the cryptocurrency market is not dependent on it and moreso, there will be increasing bitcoin price because the more the recession is coming closer the more the people seeks for an alternative to survive from it in which bitcoin is one of the available solutions, inflation is nowhere to be found in cryptocurrency while recession is what fiat has left as a choice for the economy.

[arallmuus]

On the one hand, there are people who are saying that Bitcoin could benefit from this recession

Always though. Its like bitcoin and crypto is pretty much always the 'solution' for the current world problem according to those type of people. Well not saying that Im pessimitic with it but its just doesnt make sense at all.

For me, the movement of Bitcoin's price right now is not really related to the recession issue.

Its not completely unrelated as well though. Basically everything that is related to the world's economic is going to affect the price of hedge instrument and in this case, it affect's bitcoin. Although that I can say with the certain that holding bitcoin in recession wont do anything major but atleast majority people seems to believe in it

[sheenshane]

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

You already answered your question here.
No one can tell us what's the perfect movement of the Bitcoin price, it's remained unpredictable and no one knows in the future.

Stick to Bitcoin and that's right, you're on the right path investing Bitcoin in a DCA way, you can minimize your losses through this method.

Speaking about recession, that's a different story here but sometimes these fundamental reports really have an impact on the price and it could be Bitcoin is a safe place against recession.

[Vaskiy]

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

You already answered your question here.
No one can tell us what's the perfect movement of the Bitcoin price, it's remained unpredictable and no one knows in the future.

Stick to Bitcoin and that's right, you're on the right path investing Bitcoin in a DCA way, you can minimize your losses through this method.

Speaking about recession, that's a different story here but sometimes these fundamental reports really have an impact on the price and it could be Bitcoin is a safe place against recession.

Well said, the bitcoin market is completely uncertain and it doesn't bother about the other markets. At times it coexist and moves in a mutual way. We were unable to predict what form of movement it has taken right now. Everything is mere prediction and it's move for now is independent. I see this to be the reason for the price of bitcoin going high amidst the ongoing recession.

[sunsilk]

I understand all of those questions popped on your mind but this is the normal market for crypto that we have. Whether we have recession or none, we'll always get to see the crypto market pumping and dumping.

With good or bad news, the market will always react at both sides, positive and negative, decrease and increase. You should get used to it when you see it go from side to side.

There's really nothing to think about it that much when you see it fall and rise.

Crypto works in two cycles so once one of the side is done then it's now turn for the other side to shine and it will happen no matter what. It's true that news do have an impact on the price though not too often and not all times the effect are strong but sometimes the effect can also be small. Maybe this is what's happening lately. It's also possible that the effects are just delayed like last time where there a news about whales buying cryptos.

I wonder why the crypto price didn't move upwards but the effect starts kicking in later on. A lot of people wonder what is the cause of it but I didn't. I tell them that it was because of the news that we have last time.

Sometimes good and bad news do impact the market too late or almost no effect at all. That's why you have to balance your judgment in the market if you see it going according to your analysis whether it's with technical analysis or fundamental analysis.

These cycles are happening no matter what we do. This time, we don't know how long the market will be quite at the bottom. Although honestly, this bottom doesn't seem to be a very low marking if you've been here for a long time.

[Smack That Ace]

~
I see this to be the reason for the price of bitcoin going high amidst the ongoing recession.

Bitcoin didn't go high, it was just a slight rally and was seen as more of a price trap. Not only bitcoin but other markets also rallied after the Fed rate hike announcement, simply in my opinion the market ran before the official news because the previous predictions also suggested that the FEC will increase 75 points. The cryptocurrency market is still closely correlated with other markets, it is already a part of the financial world, no longer stands apart.

[LastKiss]

~snip~
I find it a bit odd that the market is pumping on the news of a recession.
Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?
Do you guys Believe in this pump or is it just temporary until another leg down?

Well in my place a lot people choose gold over crypto since gold is safe haven for them, but in crypto this low price is an opportunity for us to accumulate more since this price probably won't be seen again in the future so your DCA strategy is the best option right now. There's still a lot of FUD about crypto out there and not many people are bullish on crypto so I don't think this year we will see a great result.

[Argoo]

In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings.
It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.

[justdimin]

In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings.
It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.

This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth.

Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there.

[Lanatsa]

In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings.
It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.

This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth.

Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there.

Doesnt really matter on how long and how big you would be making and speaking with gold then it does really give out that security at least if we do compare with bitcoin or crypto as a whole which isnt surprising but

since people do really love to see quick profits in a short span of time which gold cant really give that opportunity then this is where people do really pour up soo much interest with crypto which isnt something surprising.

We know that crypto market is highly reactive when it comes to market news and events related thats why it wont really be that shocking thing and make out presumptions on possible movement.

[TimeTeller]

In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings.
It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.

This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth.

Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there.

In crypto, or with bitcoin alone, even with this bearish period, one can still make profit.
On a daily basis, how many times we can observe the up and down movement, even with little movement, someone can make a profit.
But one should be careful in executing the trade, because one mistake, and all those small profits can be wipe out with one loss.
But it goes to show that you can definitely make a profit even in this period.

[Paul Pogba]

Cryptocurrencies always make something unique, when the economic recession actually cryptocurrencies performance continues to improve, the same thing happened in the last few years, when a pandemic occurred and made many types of investments die but cryptocurrencies continue to skyrocket, this proves that the concept of decentralization is very effective and makes investors more confident .

[dansus021]

for now on im just wait and see the news is all over the place since beginning of war and covid and yes we can see that bitcoin react to it, for now the bitcoin still at 23K price which is good rather but currently still testing at local support zone if we break that zone we might see 22K or 20K

[Lambe Ndumble]

Cryptocurrencies do not care about any conditions, even when many banned from large countries such as China Cryptocurrencies performance continues to improve, strong and large communities are the key that market law works effectively.

[Hydrogen]

The US dollar is pegged to the US economy. Negative news of the US economy, generates a negative outlook of the US dollar.

Which in turn makes inflation protected assets like commodities, precious metals and bitcoin more attractive investments.

This is the price trend and history of bitcoin. Up until it became an instrument of speculation by mega trading whales. At which point the price trend of bitcoin shifted and became correlated to US stocks. An anomaly which has become somewhat normalized with all of the new faces in crypto who don't know the past history.

Long story short. Inflation protected assets are in greater demand during times of recession. It is mainly rampant speculation in BTC which has recently shifted that trend.

[Gyfts]

It's not really going up. Keep in mind, Bitcoin has not yet faced a global economic crisis (I don't consider COVID-19 an economic crisis as it was artificially created and then artificially resolved through re-openings/money printing). Changes in the U.S. economy aren't necessarily indicative of a the global economic status, nor are small changes in Bitcoin's price directly correlated to the state of the U.S. economy. And to be clear, the recession effects usually lag. Once companies begin to stop hiring or lay off workers, that's when the global ramifications happen. Large corporations beginning to slow their economic activity is what creates a snowball effect. Perhaps that's when BTC's price can really be analyzed within the context of a recession.

[BRINIRHA]

people are starting to realize the benefits of bitcoin and the freedom it offers. because even today the local currency is affected by inflation and subsequently by a recession as the value of the euro continues to decline towards the dollar.

[NeuroticFish]

people are starting to realize the benefits of bitcoin and the freedom it offers. because even today the local currency is affected by inflation and subsequently by a recession as the value of the euro continues to decline towards the dollar.

It would be overly nice if this would be real. But unfortunately it's not. People are far from realizing the full benefits of Bitcoin and most of the few who are interested in bitcoin are only in for the profits.
I wish that people would start realizing how evil the fiat is, I wish that people would realize how important their freedom and privacy are. But sadly we're not there yet.

The "going up" was just a small and normal fluctuation, that's all, unfortunately.

[Cookdata]

I know that the crypto market is dynamic but something seems off as I have observed lately. Ever since bitcoin has been making a lower low on daily and Weekly timeframe, no single good news has happened that is so strong to change the way of making to being bullish. I remember the early days of last year when the bull run started, it was good news every month back to back, and the market was so super high that there was no single negativity on the market but today, it is now the opposite. If they didn't steal money from a decentralized protocol, they will become insolvent, wallets hacked, tokens being swept from a pool and many more. I just felt that this is not normal, either it is deliberately done to scare small retailers or pure manipulation to tank the prices.

[jeha2015]

The crypto market definitely behaving in  mysterious ways lately. It seems like we turn from bullish to bearish and vice versa  on the daily.

I find it a bit odd that the market is pumping on the news of a recession.

Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?

Do you guys Believe in this pump or is it just temporary until another leg down?
I personally am not sure so I'm just slowly  DCAing  in to my favourite projects.

so far i know , if we are in recession in my opinion central bank will not increase their rate to attract economic cycle. It designed to make people prefer to use their money into business. If any possibility to increase rate , most of citizen prefer save their money into bank and ofcourse due this reason sold their stock or even crypto. We see many times when bank rate increase crypto or stock drop. But in last time we didnt see it because its followed by  mines GDP which is delete possibility to increase bank rate  next month. Market give postiive response with it by buying all cheap assets.

[Oilacris]

people are starting to realize the benefits of bitcoin and the freedom it offers. because even today the local currency is affected by inflation and subsequently by a recession as the value of the euro continues to decline towards the dollar.

That's the reality or in connection when it comes to inflation which is something a very common global problem although it might sound that it is on the negative side of things but still turns out that it is still mainly supported  by most people rather than on sticking crypto which we know it's volatile and not regulated which would always put up those doubts and less confidence on engaging through it.

Speaking with sentiments or fundamentals then it isn't something new that we would neither see that it gives out significant effect or not on overall market price and condition.
So it's better to make yourself prepared and wary.