Post
Topic
Board Economics
Re: Recession in the Economy
by
Lancusters
on 03/07/2018, 15:39:09 UTC
One of the reasons for invention of Bitcoin was the 2008 financial crisis. To rebel against problems like money printing, inflation. So from crypto point of view, we shouldn't be afraid of crisis. In fact, price could increase because of crisis itself.
You have a very primitive approach to economic laws. If the economy is in a recession, then enterprises are closed and jobs are reduced. Where will people take money to invest in cryptocurrencies? Even bitcoin does not have now signs of an independent currency. It's closer to securities and they always go down in value during a crisis.