Quote from: FinanciallyFreeFox on September 15, 2019, 04:52:16 PM

I think it's important to consider what impact the recession that's upcoming will have on Bitcoin.

Bitcoin has never been through a recession, and so we don't know how owners of and investors in Bitcoin will react.

My thinking is as follows:

1. Retail investors by and large, will need to sell/spend their Bitcoin to pay their expenses and suppor themselves through the recession. So this could cause a dip in the price and a lessening in demand throughout the period.
2. Institutional investors may well choose to sell Bitcoin during the recession, in order to move funds into less volatile assets such as Gold.
3. Wales will likely hold their Bitcoin, and even pick up additional Bitcoin during any dips in the price, believing that Bitcoin will outlast the recession and will be far more valuable within the next 5, 10, and 15 years.

My assumptions are based on research I've carried out and summarised in the below video:

https://youtu.be/faAjgUZJu0k

How do you think the recession will affect Bitcoin?

While one cant find fault with the scenarios you have listed, but in your own words you have admitted that no one knows how bitcoin will react when recession hits hence I believe we may see different scenarios.

1) Retail investors are not as foolish as they were in the past they know recession periods can last long, hence they wont sell the only currency that has proven time after time that it can outperform the market.

2) Any institutional investors who chooses gold over bitcoin really needs to stop investing, but therere hardly any institutional investors wholl do that even when gold prices were rising we hardly saw bitcoin money being cashed out for gold.

3) Whales may just continue to hodl their coins, and will only sell if prices hit new peaks.