Quote from: 1nvestments on March 07, 2018, 05:51:13 PM

Quote from: repan on March 07, 2018, 03:05:19 PM

What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)

IMO i think bitcoin will take the role of gold. As we know during recession usually gold tends to go up in price as a lot of investors park their money in gold. I think Bitcoin can replace gold. Will just wait and see !

Thanks !

Bitcoin will really take over gold even now. Bitcoin is so far away to the value of gold, gold is only secondary for the people nowadays since earning cryptocurrencies is more easier than to have gold at all. Gold is an old money for me, only the rich person have that and the banks as well. Earning gold is too hassle for everyone that is why bitcoin will still be the number one.