Quote from: Darooghe on November 29, 2019, 09:16:08 AM

Quote from: cryptomarketyourself on November 19, 2019, 01:51:46 PM

I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold: https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/
Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.

I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. Its performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.

Bitcoin has recently taken its place in the financial system. And in such a short period of time he held three bubbles. His time has not come yet))) For comparison, credit swaps appeared in 1994 and 14 years passed before the crisis of 2008. Since 2009, only 10 years have passed, we have four more years left))))