Crypto has never experienced a recession

[Anonymous No.17656413]

What will happen to cryptocurrencies if we enter one?

Provide logic for statements.

Let's get to the bottom of this /biz

[Anonymous No.17656428]

>>17656413
risk assets go to the dogs during a recession and crypto has proven beyond any reasonable doubt that it is a risk asset, possibly the highest risk one can legally get into these days

[Anonymous No.17656437]

>>17656413
>crypto has never experienced a recession

fucking lol my dude, crypto drops over 90% every couple of years

[Anonymous No.17656438]

How exactly will cryptocurrencies be affect?
-interest rates
-10-year treasury yield
-investor confidence
-currency crisis?

[Anonymous No.17656447]

BTC is just a trading instrument. That's all it has ever been used for except Silk Road. It will crash like all of the other speculative trading instruments. In 20 years drugs will be legalized and it will lose its only use case. Some people will still trade it as a niche internet collectible on sites like eBay.

[Anonymous No.17656452]

>Over $26 billion wiped off cryptocurrency market in 24 hours after massive oil price plunge
>https://www.cnbc.com/2020/03/09/bitcoin-btc-and-other-cryptocurrency-prices-plunge-after-oil-drop.html

Is this really what happened this morning when I woke up and saw a huge green dildo on LINK?

[Anonymous No.17656494]

>>17656413
>oil crashing
>production falls
>electricity becomes cheaper
>mining BTC and alts becomes more profitable
>literally computer code explodes in price
>electricity goes up, oil demand skyrockets
>actual things of use become produced
>crypto crashes

[Anonymous No.17656564]

>>17656413
The idea of crypto decorrelated from the markets is an illusion, the same libertarian pipedream of crypto as a bank killer
Most crypto investors have other investment and the market as a whole has an influence on their overall strategy and positions, crypto included
"Investors" who only hold crypto are a drop in the ocean, and wouldn't be able to swing the market if their life depending on it
The coming shock will serve the purpose pandemics serve in nature, culling the dead weight.
Vaporware scams don't have the treasury to sustain a prolonged market of risk-averse investors turning away from crypto. The few legit projects that have an actual future, either as currencies or financial tools, will take the hit like everyone else, but anyone who comes out alive at the other end of the tunnel will soar to heights never seen before.

[Anonymous No.17656624]

>>17656494
have you heard of bitcoin halvings? they kind of drive the cost of electricity, UP, per coin, as a way of making the coins more expensive.

[Anonymous No.17656696]

>>17656413
youve seen what happened in venezuela? something along those lines but at a global scale.
crypto will follow the stocks in the beginning but once deflation hits and adoption ramps up, it will slowly decouple.
once inflation hits, its gon moon like never before.

[Anonymous No.17656718]

>>17656696
ur statement is wrong?

Does inflation increase during a recession?
Unemployment increases during business cycle recessions and decreases during business cycle expansions (recoveries). Inflation decreases during recessions and increases during expansions (recoveries).

[Anonymous No.17656730]

>>17656413
Could crash pretty hard initially as people flee high risk investments in times of economic uncertainty. Even if you think bitcoin will go to 100k (I personally do), it is still an incredibly new asset class meaning that people are spooked more easily when things go south. But, I think a recession could be quite bullish for bitcoin and crypto in general in the long-term as people seek alternative stores of value. When treasury yields go negative (and believe me, they will), stocks are all heavily in the red and cash starts losing value quick from central banks' excessive money printing, bitcoin all of a sudden doesn't look too bad as a place to store some of your wealth. If it captures even a minute percentage of the flight of capital from traditional asset classes (bonds, stocks, cash etc) that could result in a pretty drastic upwards pressure on price, especially post-halving.

But in the short term, I honestly wouldn't rule out a visit to 5k, maybe even lower if shit gets REALLLLY bad (like Great Depression level), but I think overall a severe recession could be the wake-up call average people need that the current financial system based on fiat money and central banking is really screwed up, is screwing them over, and that bitcoin and crypto provides an alternative system based on sound money, an opt-out from the chaos.

[Anonymous No.17656746]

>>17656696

basically this. We're going to suffer a heavy hit initially, these next few months may be really rocky. but post-halving smart money will understand there's literally nothing else that can promise gains in the next few years except for big daddy BTC.

it's the gold playbook

[Anonymous No.17656759]

>>17656624
>bitcoin halves
>oil crashing
>production falls
>electricity becomes cheaper
>mining BTC and alts becomes more profitable
>literally computer code explodes in price
>electricity goes up, oil demand skyrockets
>actual things of use become produced
>crypto crashes
*FIXED

[Anonymous No.17656760]

>>17656494
I've never heard of electricity rates going down. They always go up and stay up.

[Anonymous No.17656761]

>>17656428
While this is all true, bitcoin could seem like a relatively safe bet a year or two down the track when treasuries are negative yielding, the DOW is down 50%+ and inflation is going through the roof

[Anonymous No.17656768]

>>17656718

The FED has stated they will print their way out of any drop.

If they have to they might just give out money to the people.

[Anonymous No.17656776]

>>17656452
>the boomers think oil price affects crypto in any way
We landed on the long-term logarithmic support. Now we only go up until 2022.

[Anonymous No.17656785]

>>17656718
no yeah ure right. we will have a deflationary period for about a year. i was talking about the massive inflation afterwards. pic related.

[Anonymous No.17656786]

>>17656413
Considering it's speculative, i'd say $2K BTC or worse. $45 ETH. Tezos back well below $1.

The rest die. That's why I cashed out of this ponzi last week, except for some Suterusu.

[Anonymous No.17656791]

>>17656759
Here's the chart. Even when industry had went down, the rates kept going up.

[Anonymous No.17656831]

>>17656760
They've been going down in the US (except Califagnia) for the better part of a decade thanks to shale farting out more natural gas than the US can use, as a waste product. Pic very much related; shale fields produce so much nat gas that they have to flare the excess.

[Anonymous No.17656836]

>>17656437
he obvly means a real world economy dingus

[Anonymous No.17656850]

>>17656791
>he thinks this is a trend
buvkle up

[Anonymous No.17656904]

>>17656624
yeah exactly, it will actually be a nail in the coffin if we approcah halving crashing, miners capitulating, wait for it

[Anonymous No.17656961]

>>17656785
oo i see, so initially take a hit, then after inflation kicks in (once fed starts printing money to save the economy?)

[Anonymous No.17656973]

>>17656836
Crypto has had many recessions, what in the world are you trying to say.

[Anonymous No.17657015]

Why is this even a question? Why don't people know what Bitcoin is? Its literaly designed for financial turmoil. I might have to leave this board if this is what people actually think here.

[Anonymous No.17657145]

>>17656973
>>17657015
>designed for financial turmoil
but its never been tested, anons. which is why these are exciting times

[Anonymous No.17657154]

>>17656776
support lines can be broken

[Anonymous No.17657191]

>>17656437
you are fucking retarded....
you don't even understand the term recession...

[Anonymous No.17657218]

>>17657015
>designed for financial turmoil
its sitting the bed rn

[Anonymous No.17657252]

>>17657218
Stfu late adopter.

[Anonymous No.17657261]

>>17657145
Test what? That there us a hard cap? That it can be transported over borders? What exactly the fuck needs to be tested?

[Anonymous No.17657293]

>>17657261
that it can be what it was originally designed for. weve never had financial turmoil like the one crypto was born out of.

[Anonymous No.17657367]

>>17656696
Retarded. Crypto became popular in Venezuela not because it's per se a store of value, but because it stores value by being primarily traded in USD. It was a replacement for buying increasingly scarce actual dollars in the country

When the dollar itself becomes unstable, Bitcoin will no longer be attractive in such cases

[Anonymous No.17657468]

>>17657367
yeah and thats just venezuela. the world aint venezuela and bitcoin isn't traded in USD outside burgerland.
now apply this to when all currencies become unstable against what its intended to buy.

[Anonymous No.17657512]

>>17656447
>In 20 years drugs will be legalized
And then they'll compensate all the people who were prosecuted under prohibition and take legal action against its proponents? Prohibition is real pal, we live in a semi-nazi state, it will take centuries to remove prohibition, millenia to recover from the mistrust and fallout.

[Anonymous No.17657613]

>>17656413
once all fiat currencies start going to zero, bitcoin wont look risky in the least.

[Anonymous No.17657722]

>>17656447
>In 20 years drugs will be legalized and it will lose its only use case.
Pedophilia is still illegal in the US tho

[Anonymous No.17657953]

wasnt it part of the plan tho
i mean back in 18 or 19 we were all saying a recession was needed for the ebin paradigm shift of digital currencies

[Anonymous No.17657979]

We could see the tether bubble pop in the short term. I imagine the tether reserves took a big hit today. This would be interesting as 4.5 billion dollars would be lost and I can see shitcoins plummeting to zero while proven projects would tank but survive the storm. Plus if things really go FUBAR I think crypto will be an attractive investment to counter either negative rates or hyperinflation.

[Anonymous No.17658132]

>>17656413
The biggest problem is that Bitcoin is not usable as day to day money thanks to Core fuckery and everything else is a meme (I say that while owning alts) because they're nowhere near close in terms of marketcap and branding.

Could have been the perfect storm fo Bitcoin to take over in the real economy but Blockstream prevented it.

[Anonymous No.17658205]

Crypto should moon during times of recession

[Anonymous No.17658294]

>>17656413
It depends on what happens during the recession, if currencies start to fail or hyper inflate, Bitcoin will do well, but if it's just a massive selloff like what's happening now due to fear, it's gonna sell off for Fiat just like everything else.

Cash is king ATM.

[Anonymous No.17658299]

>>17657722
> implying peoples will ever use BTC for illegal activities ever again when every fucking transactions can be traced
monero is a thing you know

[Anonymous No.17658368]

>>17656786
You lucky fucking bastard. I need more SUTER stat.

[Anonymous No.17658445]

>>17657979
People getting out of tether is bullish

[Anonymous No.17658532]

>>17658445
it's bullish for 5 min until all those who sold their tether for crypto try to cash out in fiat paris thus crashing those

[Anonymous No.17658725]

>>17656413
boomers will crash crypto with no survivors. something like cryptocurrencies where lazy neets make a fortune is not allowed to exist. go to work

[Anonymous No.17659110]

>>17658132
No. Blockstream kept Bitcoin stable which helped create the digital gold meme. Once the Fed starts printing money like crazy BTC will cash in on these big time.

No one needs another payments system. We need digital gold with a hard limit of 21 million. If we can just keep that going we'll win.

[Anonymous No.17659200]

>>17656768
Exactly, that's the explosive inflation that comes after a period of deflation.

Then you get a depression, where inflation has rendered cash worthless.

Trading a recession is all about how you leverage your cash during the depression phase.

[Anonymous No.17659262]

>>17659200
so first
>deflation of asset prices
next
>fed prints money to save economy
>explosive inflation
next
>asset prices are low, cash is worthless

>buy assets?

[Anonymous No.17659290]

>>17658532
>cashing out into fiat

[Anonymous No.17659331]

>>17657015
>>17657145
If bitcoin and crypto was a safe haven the price would be going up now. It's all a scam unrelated to the real world

[Anonymous No.17659639]

>>17659110
The digital gold meme is fucking retarded. Gold was used as a mean of exchange, it became a SoV over centuries, not in 10 years.

>No one needs another payments system
Yes we do, the internet payment infrastructure is dogshit and kiked to the core, companies literally filter who you can and can't pay, they bully merchants all the fucking time and you still can't do any micropayment.

[Anonymous No.17659885]

>>17656413

The same thing that happens to casinos in times of recession. They go fucking down because people have no excess money to gamble.