Re: Are we heading towards Recession?

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

Where does this question come from? Is this some feeling within your country? From my end, I am not feeling that a recession will be coming soon, at least not a worldwide one. The atmosphere is pretty much the same.

I wonder, would recession still be a constant in our economy if we are already using Bitcoin?

Nothing will change even we use Bitcoin. The economic growth of a certain place or in a country will be the reason why many companies will struggle to lay off their employees. I believe that not all are suffering this one, it was just an isolated case cause there is no such thing happening in our place. And I hope it won't.

So I guess there is really no recession coming, at least not a global one like the one that happened in 2008.

By the way, I would like to believe that the fast depreciation of the value of our currency will not be happening if the currency that we are using is not fiat but Bitcoin. The fact that fiat is unlimited and shady in terms of how much is being created is something that causes its value to erode even faster.

I don't agree with you, recession will happen it is now near. There are now articles saying that there will be a market crashed that will happen because there is a issue that dollar is a bubble. It is the reason why there are now investors who diverisfying their investment in both gold and bitcoin because they think that it is safe heaven that can preserve and protect their wealth.