Post
Topic
Board Speculation (Altcoins)
Re: Recessions make stores of value pump. Bitcoin dumped and that's alarming
by
arpon11
on 23/08/2019, 15:50:25 UTC
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?
Bitcoin market is currently very healthy and it is the spirit in us that want things to continuously been good that do make us to start looking for excuse why certain reactions happen in the market. Bitcoin corrections is not dumping and the current global recession has noting to do with bitcoin grow except on a positive level. To me bitcoin has outperformed its age and I could remember in 2016 when bitcoin market capital was below $3billion we see posts like bitcoin will not grow to $10billoin market cap but today bitcoin's marketcap is now above $200,000 in just two years.