Post
Topic
Board Bitcoin Discussion
Re: How would a global recession affect cryptocurrencies?
by
camito
on 15/03/2020, 06:44:38 UTC
How would a global recession affect cryptocurrencies?


CNN stated that global recession is starting to become inevitable. This is because of the fear among financial markets and investors of today. Due to lockdowns, normal operations on businesses, factories, industries, hotels and many more are temporarily stopped, but definitely in a long period of time. We have seen how SARS-coV and MERS-coV affected the economy big time, in China and Saudi Arabia respectively, and other affected countries. I really think crypto would fall back big time also, since people would start to be more doubtful with it. Especially those investors who do not trust the unstability of Bitcoin and other forms of cryptocurrencies. However, we all know that in time, crypto would start rising again in relative to fiat when the time comes that the globe is able to survive this pandemic. There is no need for panic and overthinking. What one need is a critical and rational mind. To be able to play and go with the flow that won't let you go bankrupt and waste the efforts you've put from the very start.