CBANX Ltd.



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NewbieActivity: 76Merit: 0 Bitcoin and recession September 11, 2019, 06:15:49 AM #1 In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?

Herbert2020



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LegendaryActivity: 1876Merit: 1134 Re: Bitcoin and recession September 11, 2019, 06:49:49 AM #3 it is not possible to predict bitcoin's behavior during a recession because bitcoin is still young and the market is very small and it can go either way. we may see a drop or we may see a gigantic rise in a short time due to FOMO buying. and there is enough reason for both scenarios to be possible. for example due to bitcoin still being volatile and risky it may not be as attractive as you think during a recession where everyone is looking for "safer" and "less volatile" investment. but at the same time since bitcoin has always been stand alone and not taking effects from other markets, so even if others like stocks,... are tanking during a recession bitcoin may rise and that can attract investors.



PS. your poll doesn't make any sense. reliable in what sense? a decentralized currency where you could continue to use under any circumstances? the answer is yes! This space is for rent. Send PM with your offer.

virasisog



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Hero MemberActivity: 1008Merit: 500 Re: Bitcoin and recession September 11, 2019, 12:25:18 PM #14 Quote from: CBANX Ltd. on September 11, 2019, 06:15:49 AM In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?



Bitcoin is the exact opposite of any stable currency , so i think bitcoin will be the safest option of investors in times of recession.

As much as bitcoin being volatile ,it is more attractive because it is decentralized. As History told us as recession risk strikes bitcoin price topped up. Bitcoin is the exact opposite of any stable currency , so i think bitcoin will be the safest option of investors in times of recession.As much as bitcoin being volatile ,it is more attractive because it is decentralized. As History told us as recession risk strikes bitcoin price topped up.

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LegendaryActivity: 1246Merit: 1022 Re: Bitcoin and recession September 11, 2019, 12:34:04 PM #15 Quote from: CBANX Ltd. on September 11, 2019, 06:15:49 AM In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?



As traditional financial instruments become increasingly volatile, people start turning towards more experimental assets like Bitcoin and other cryptocurrencies.



Conversely, when the traditional markets are stable, other higher risk assets are scarcely considered, since most people favor low risk, low reward, over high risk and high reward.



If you actually look at the purchasing power of USD over the last hundred years, it has fallen drastically. First due to counterfeiting, but also due to some of the anti-inflation measures that the government put out recently, like quantitative easing. Bitcoin's purchasing power has only gone up, and now exceeds all other currencies in this regard.



Even at its lowest point in the last few years, Bitcoin's PP has beaten practically every single other mode of investment at the same time. As traditional financial instruments become increasingly volatile, people start turning towards more experimental assets like Bitcoin and other cryptocurrencies.Conversely, when the traditional markets are stable, other higher risk assets are scarcely considered, since most people favor low risk, low reward, over high risk and high reward.If you actually look at the purchasing power of USD over the last hundred years, it has fallen drastically. First due to counterfeiting, but also due to some of the anti-inflation measures that the government put out recently, like quantitative easing. Bitcoin's purchasing power has only gone up, and now exceeds all other currencies in this regard.Even at its lowest point in the last few years, Bitcoin's PP has beaten practically every single other mode of investment at the same time.