Quote from: salty on December 26, 2019, 08:15:13 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.

The fact is that it is absolutely unknown how this recession will pass.If it is too hard, it is possible that cryptocurrencies will have a chance, although I do not really believe in it.In fact, cryptocurrencies are a panacea for the world economy,but it is difficult to say which way the pendulum will swing.

The majority chance is much associated with gold than bitcoin. Maybe in few years of time this scenario might change, because right now the contribution of bitcoin to the economy is very small. During the past time of recession the economy gets recovered out of the strategy and planning made by the governments.