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?)
As we all know that bitcoin is sustainable, volatile and versatile crypto currency and this volatile nature of bitcoin is responsible for so frequent flactuation in the valuation of bitcoin and this troubled most of the people that they might suffer from loss and this is the biggest reason that why people are now hesitating in investing into bitcoin because this time the rates has been deflated to very low extent but people needs to understand that pump and dumps are very common in every investment there is nothing new with bitcoin.