Re: Recessions make stores of value pump. Bitcoin dumped and that's alarming

Quote from: cryptomaster420 on August 15, 2019, 04:12:18 PM

https://chainbulletin.com/global-recession-indicators-send-the-crypto-market-in-freefall/

How do we explain the fact that news of the upcoming crisis made bitcoin drop unlike other store of value?
Was it some hacker dumping tons like last time?
Or it BTC simply not considered a SoV by the general public.
If it is not, how do we convince them that it is? Do we change our approach?

In my country, my president once accused us of blaming him for everything and he said that it will get to a point where we will also balme him for us not being able to toilet, because i dont see the corelation between recession and the dumoing of bitcoin.