krishnaverma (OP)
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June 22, 2024, 09:23:52 AM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
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adultcrypto
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June 22, 2024, 10:08:43 AM |
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If you look at past data, you will easily get the answer to the question relative to your country because recession is rarely universal else it becomes global economic meltdown like we had in 2008 when bitcoin was not yet created. As for country specific recession, bitcoin is definitely a good alternative because whenever currencies fails, people look towards other assets of which bitcoin has proven to be one of such reliable asset. I remember in 2020 during the coronavirus pandemic, a lot of people invested in bitcoin and towards the end of the year, the price moon when stocks were crashing.
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_act_
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June 22, 2024, 10:13:31 AM |
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I like bitcoin because you can hold it and have complete control over your coins, unlike stocks that you do not have complete control over.
Stocks are many. There are some that are very volatile like gambling just like altcoins are very volatile. Bitcoin is less volatile. So if you want to compare both, you can mention the stock that you want to compare bitcoin with. But as for me in general, I will prefer bitcoin.
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TheUltraElite
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June 22, 2024, 10:18:46 AM |
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I still dont get why people think stocks is like gambling while bitcoin is not. Both are equally volatile and have their own set of risks with overlap. Does not make either of them good or bad, they have their own unique profile. Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
In the time of recession, the costs of goods may drop and income may also reduce unless you are working in some specific sectors. You might not have money at hand to be able to continue to investing-rich lifestyle instead have to come to minimalist lifestyle to choose the needs over luxuries and by all means investing is a luxury that comes after needs. So if you are already invested in bitcoin before a recession hits, then it makes sense.
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Nwada001
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June 22, 2024, 10:26:43 AM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Our choice of investment should be based on what we believe. If you are the type who has so much faith in the stock market and is too lazy to handle your security by yourself, then the stock market will be the best option for you. But if we are to go with privacy and self-custody, then bitcoin is the best option for me. You have to be the one to decide what you really want and where you want to invest your money. Each type of investment has its own risk, and you need to weigh them based on what your purpose or investment is and choose the one that will be best suited for that investment purpose.
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legendbtc
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June 22, 2024, 10:48:27 AM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Bitcoin is better than other investments during any economic period because of its greater volatility as well as its ability to increase in price. But how much profit you can make from it depends entirely on your abilities, not decided by bitcoin. Bitcoin is better and has more potential, that doesn't mean you don't need knowledge and experience to rush into investing blindly and expect big profits. Financial markets don't work like that. It doesn't matter which market it is and profits will come from your knowledge, and not the market's decisions. If you have no knowledge, no experience but want to get rich quickly and think that just investing in bitcoin without doing anything else will achieve what you want. Then you will even lose everything, let alone how much profit you earn. Meanwhile, stock investors with knowledge and experience...will make more profits than you.
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June 22, 2024, 01:24:20 PM |
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It would have been a good thing to look at had Bitcoin been in existence before the beginning of the Great recession in 2007. But in general, Bitcoin has performed quite well compared to most if not all stocks from the time of its inception
Let's not forget that back then, the price of Bitcoin was in cents. Today, I don't think we shall see yearly moves of 2,000%, like it was possible back then. So If a recession were to happen today, things may not be the same as they were 15 years ago.
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Davidvictorson
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June 22, 2024, 01:31:12 PM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
It depends on the kind of stocks you are investing in. There are stocks that do well even in a time of recession. For example if a country is involved in fighting war despite the having a recession in it's country, individuals who invest in a company that produces ammunitions and other war stuffs will witness a rise in their investment even though the country is in a recession. Aside this, yes Bitcoin is my go to asset for investment during a recession or any economic downfall. It saves and preserves my wealth.
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Iranus
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June 22, 2024, 01:44:40 PM |
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Can Bitcoin be a good investment over stocks in a recession period ? In my opinion, bitcoin is better and that is why we are here and choose bitcoin. Also, explain why do you feel so ?
Of course, we choose bitcoin because of its profits, bitcoin clearly brings significant profits and outperforms other investments, not just stocks. But apart from the profit factor, bitcoin is far superior as it is not just an investment but also provides us with use cases. With bitcoin, you can manage and store your assets yourself without depending on third parties, you can use it as currency, cross-border payment method...The stock market does not provide you with these facilities other than using them for investing.
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EL MOHA
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June 22, 2024, 01:46:29 PM |
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If you look at past data, you will easily get the answer to the question relative to your country because recession is rarely universal else it becomes global economic meltdown like we had in 2008 when bitcoin was not yet created. As for country specific recession, bitcoin is definitely a good alternative because whenever currencies fails, people look towards other assets of which bitcoin has proven to be one of such reliable asset. I remember in 2020 during the coronavirus pandemic, a lot of people invested in bitcoin and towards the end of the year, the price moon when stocks were crashing.
I agree that stocks easily get affected by recession because during a recession company can easily get impacted with losses that’s why you see things like companies reducing staffs and so. Having stocks here can cause panic and many people can start reducing their investment holdings leading to bearish periods for the stock, that’s why the recession effect is dependent on the type of stock you invest in. Bitcoin on the other hand doesn’t have a central body and a country recession doesn’t affects it directly, but a global recession too will definitely affect the trend of bitcoin. During recession people are bent in to reducing their costs and more often volatile assets are the ones they do away with. A strong supply power as we know leads to fall in place
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Zanab247
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June 22, 2024, 01:47:02 PM |
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BTC has been a good investment op, and whenever you make BTC your choice among other cryptocurrencies in the market, I guess it will allow you to accumulate profits that will make you to begin to see BTC as the king among other cryptocurrencies, which is what BTC is right now in the industry.
If you have not stock your BTC for long period of years before, I will advise you to try it to hodl your BTC like 4 or 5 years before you can sell, you will agree with me that BTC investment is a good investment to put money in the bear run.
I know you have seen other projects that is making you feel like BTC investment is not the best, just try the investment with what you can afford to lose, then you will believe BTC investment is the best.
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passwordnow
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June 22, 2024, 01:54:23 PM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
I've been buying Bitcoin and not into stocks despite that many of my friends have been encouraging me to buy those. I've chosen to buy Bitcoin instead of it and that's why this is what I have and don't have stocks at all. But I don't know during the recession period. We're all believing that this is the hedge against inflation and it's been made during the 2008 crisis. It's able to survive during the pandemic and Ukraine-Russian war. So what's more to ask about it? Maybe the worst hasn't come yet but I believe that even on the toughest period of time that the entire world is going to go through with such recession, Bitcoin will survive no matter what happens. It's designed to survive it although it's been made as a peer to peer cryptocurrency but then its attributes have changed and became one of the best assets on this century.
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Wapfika
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June 22, 2024, 02:01:36 PM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Bitcoin is proven resilient in times of global economic crisis and inflation while stock market plummets since companies is the number one affected for recession period. Bitcoin is independent assets that doesn’t rely on the global economy/fiat. Also based on the Bitcoin price history. Bitcoin price is only moving upwards every cycle despite there’s a correction occur. So this kind of assets is the best asset to invest in dire situation since you have an assurance that it will come back again no matter how hard down due to the recession.
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mindrust
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June 22, 2024, 02:07:17 PM |
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Not all stocks are the same though. Some stocks go down during a recession but not all. Defensive stocks are usually the stars of a recession period. It is because people will always have to use toothpaste, toilet paper, medicine etc… It is hard to beat these stocks during a recession.
Btc on the other hand usually acts like a leveraged nasdaq index fund and the Nasdaq stocks are mostly tech stocks. Tech stocks don’t do well in a recession so I think Bitcoin won’t be an exception.
In a recession I would go with the defensive stocks. P&G, Walmart, BAT, CVS, Costco, MCD, PEP are very popular and rock solid choices.
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June 22, 2024, 02:09:07 PM |
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Bitcoin is proven resilient in times of global economic crisis and inflation while stock market plummets since companies is the number one affected for recession period. Bitcoin is independent assets that doesn’t rely on the global economy/fiat.
Well, that's in theory and it happened more in the beginning. Nowadays it is more and more related to the financial markets and its behavior is directly related to the liquidity in the market. Also based on the Bitcoin price history. Bitcoin price is only moving upwards every cycle despite there’s a correction occur. So this kind of assets is the best asset to invest in dire situation since you have an assurance that it will come back again no matter how hard down due to the recession.
This also happens with shares. Look at what happened in 2020, as discussed above. Both Bitcoin and stocks fell, only to end up recovering and surpassing highs in a short time. The difference is that Bitcoin is more volatile. It falls harder but recovers faster and rises higher.
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benalexis12
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June 22, 2024, 02:20:45 PM |
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Can Bitcoin be a good investment over stocks in a recession period ? Also, explain why do you feel so ?
Where you will be comfortable doing that is what you do, because we also have different strategies when it comes to investments here in the crypto space, or bitcoin. It is also difficult for us to rely on the answers of others to the question that we are looking for an answer to. It's even better because we ourselves do the actual research on such things. Now, if you really want to secure a profit, just hold bitcoin in the long term, and you will definitely get a profit this bull run, as long as you wait.
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Plaguedeath
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June 22, 2024, 02:31:14 PM |
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Check this graph. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimgvb.com%2Fimages%2F2024%2F06%2F22%2F4a48c01b3e35ba7a8af8d382a3442aef.png&t=665&c=Fj29vM2k3Q4N6Q) Actually both of Bitcoin and S&P 500 have some correlation, when BTC dump, stock dump too. When BTC pump, stock pump too. It just Bitcoin has higher volatility than stock, so don't sell it whenever you're not need in hurry. I think Bitcoin isn't yet a safe thing to hold during crisis because during Covid pandemic, Bitcoin price once dump to $3K~ at that time.
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michellee
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June 22, 2024, 03:17:09 PM |
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Bitcoin still the best investment for me and that works perfectly so far. I don't invest in stocks in a recession period because Bitcoin is enough for me besides of gold. I don't understand much about stocks and Bitcoin is more easier for me to understand and I don't have to know for very very details about Bitcoin.
People just needs to learn about how to keeps Bitcoin with right so they will not feels worry with the scammers. But people must understand that Bitcoin is not a rich-quick scheme that will gives them a big profit in a short time. They must wait for some term, usually four years to see the price increases.
But if you still wants to use stock instead Bitcoin, that will be no problem because we have our own choice. We choose Bitcoin because we already see how Bitcoin perform so far. Bitcoin is not disappointed us and even gives us a big profit if we can holds it for some time.
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pooya87
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June 22, 2024, 05:41:51 PM |
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Although it is hard to say but I doubt it.
The thing about recession is that unlike inflation (that would shoot bitcoin price up) it forces people to liquidate their assets and they always start from the riskiest assets which bitcoin can be called that. So the sell pressure caused by the recession like this could lead to drops and even crashes depending on the severity of the recession and the panic sell!
In fact I've been saying that the only reason why we haven't seen a bull run that looks like previous bull runs in the past 2 years is the ongoing and worsening recession in most of the world.
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serjent05
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Up to 300% + 200 FS deposit bonuses
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June 22, 2024, 05:50:31 PM |
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I still dont get why people think stocks is like gambling while bitcoin is not. Both are equally volatile and have their own set of risks with overlap. Does not make either of them good or bad, they have their own unique profile. I believe Bitcoin is way more volatile than stocks. The only reason many believe that Bitcoin is good for investment in a recession period is because they believe it is a hedge against inflation other than that I can't hear any more reason why Bitcoin is good to invest in during those times. Aside from that during a recession most stocks fall and Bitcoin does not follow suit with traditional stocks so, it can be said that the price of Bitcoin is independent which may increase in value while the stock value collapse. Although this has not been proven yet many believe in this case due to how the Bitcoin market behaves.
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