Will crypto become more bullish in a recession

[Anonymous No.15251497]

[Anonymous No.15251592]

Do the opposite of what biz says

[Anonymous No.15251870]

No extremely bearish especially alts, majority of Alt holders are poor hoping to get rich, when economy tanks and they lose jobs everyone gonna dump fast af so they can eat and price on coins with no real world implemantion i.e nearly all will go to shit

[Anonymous No.15251901]

>>15251497
No crypto will shit the bed and everyone will jump into precious metals

[Anonymous No.15251930]

In this one? Yeah. Where the hell else are people going to put their money?

Real estate?
Bonds?
Stocks?
Cash?

HAHAHAHA. The only alternatives are crypto and precious metals.

[Anonymous No.15251938]

btc? maybe. anything else? no

[Anonymous No.15252292]

>>15251592
wat duz biz say

[Anonymous No.15252695]

>>15251497
Speculative assets always get dumped and go to zero first
Hopefully your crypto is one with an acutal use case THATS ACTUALLY BEING USED RN like Bitcoin SV and not some bullshit digital gold meme LOLOLOL

[Anonymous No.15252754]

>>15252695
Fuck off pajeet i swear to god

[Anonymous No.15252806]

>>15252695
He's right u kno
>>15252754
Brainlet Greg drone spotted

[Anonymous No.15252837]

>>15251497
>hmm economy is recession and I will have a harder time with money
<gee I know, i'll invest it in this virtual online money
said noone ever

[Anonymous No.15252856]

>>15251497
It's hard to deduce results if the stock market is correlated with the BTC price because shit is volatile. I think a recession would put BTC to the test, if it performs adequate it could put new trust into crypto. Argentinians with BTC are already better off because their currency shit the bad hard, so it has its first success as a hedge against inflation.

[Anonymous No.15252862]

>>15252837
I'm so glad I'm reading posts like this because it means I'm still early

[Anonymous No.15253338]

>>15251497
Depends on crypto.
Shitcoins with only speculative value: no. They can cherish when economy is ok and there are enough money to gamble for big guys. During the recession conservative approach dominates.
Altcoins with actual value: Most probably yes. Especially undervalued and (semi)officially backed by big corporations:
NOIA Network. LTO Network. Maybe (maybe) Harmony.

[Anonymous No.15253422]

>>15251901
>will
Even a year ago, this was outdated information.

[Anonymous No.15253620]

>>15253338
>NOIA and LTO
>never mentioned on /biz/ before
>didn't exist during the last crash

I'm mildly intrigued, shill me your obscure shitcoins please.

[Anonymous No.15253640]

>>15252837
Until it's not seen as an investment but a hedge or safe way to store funds. Remember, banks use fractional reserves.

[Anonymous No.15253644]

Depends in which one
BTC... maybe
Shitcoins...No
Decentralized reserve coins (RSR)...Definitely

[Anonymous No.15253657]

>>15253620
>>never mentioned on /biz/ before
Found the newfag

[Anonymous No.15253667]

no, there is no inverse relationship with equities and the overall stock market.

the only reason btc reached ath in 2017 is because the stock market was also reaching ath and people were looking for places to invest all their stock market gains

[Anonymous No.15253735]

Probably not. They say it's "non-correlated" but it doesn't seem that way to me

[Anonymous No.15253753]

>>15251497
Proof of work based cryptos will moon the rest will disappear and die.

[Anonymous No.15253774]

>>15252856
This guys get's it.

[Anonymous No.15253807]

>>15253338
>Maybe (maybe) Harmony.
I am interested in your predictions.

[Anonymous No.15253825]

>>15251497
No it doesn’t
This market is beyond illiquid
One big whale dumps and we can literally go back to 2k
Holder here and won’t sell............will never learn my lesson

[Anonymous No.15253860]

imagine thinking that during a time of crisis any serious person will move his money in a literal gambling market

[Anonymous No.15254003]

>>15251870
based and underrated