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/biz/ - Business & Finance

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16288371 No.16288371 [Reply] [Original]

What's going to happen to crypto during a recession?

>> No.16288379

>>16288371
crypto has never existed in a recession. we dont know. but my money is on moon.

>> No.16288426

>>16288371
Its going to crash 90% obviously. How can anyone be so retarded as to think it would go up? even consumer staples go down

>> No.16288435

>>16288379
>recession hits
>everyone starts scaling out of risky invstments
<then dump it into shitcoins

explain

>> No.16288439

Who is she?!! I must know. She's so fcking cute.

>> No.16288443

>>16288435
Everyone thinks it will dump so ya its gonna pump

>> No.16288456

It's hard to tell. Shit could get really crazy if there's some massive dollar crash and people start panic buying crypto and push it to like 100k and then the whales start mega dumping for profit.

>> No.16288465

there'll be a fair drop when it hits, even assets like gold fall because retards try to hoard spending money
there is nothing profitable during a recession, the only money to made is by buying up depressed assets for sale when the economy recovers

>> No.16288474

>>16288426
This

>> No.16288477

>>16288371
now this is some high quality shit

>> No.16288478

>>16288443
this still makes zero fucking sense m8
why would anyone who is de-risking on stonks n bonds n sheeeiit then move that cash into something thats WAY more volatile, and doesnt have the benefit of historical data?
theres no logical reason to do that

verdict: the only people lefft HODLing will be degenerate gamblers

>> No.16288486

If a recession hits then bitfinex will shit itself as people pull out money to have liquidity and i still doubt tether is backed 1 to 1, if bitfinex shuts down then there will be a massive bear market

>> No.16288504

>>16288435
international market rates on consumer goods will be superior to local recession blasted mark ups, for one
but who knows for sure

>> No.16288571
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16288571

>>16288371
The market will tank and pic related will be the only one still standing.