Quote from: gundala on April 09, 2020, 09:07:20 PM

Quote from: midas89 on March 15, 2020, 02:37:09 AM

How would a global recession affect cryptocurrencies?

Global pandemics often cause recessions. This paralyzed the economic sector broadly, negative curves were everywhere. Most investment products also declined sharply a few weeks ago. It depends on how long this pandemic lasts, if it lasts a long time it will be the beginning of a bad crisis, hopefully it will not happen.

As the crisis continue to emerge, we have not seen the worst of scenario yet. Pandemics could really trigger the recession that will make most of us suffer, however the high recovery from the origin place of outbreak gives every one a hope to cure the virus as soon as possible. The economy is seen declining even last year, about June, what the covid19 did is to make it more complicated to handle.

Quote from: gundala on April 09, 2020, 09:07:20 PM

Well, cryptocurrency has existed for 10 years, while the pandemic that caused the recession was decades before. So I think we can make a reference from the stock market, where industry activity is weakening, surely many are looking for other alternatives, and the stock market is the best alternative, as well as cryptocurrency.

Referring to great recession that we had in 2008, it was not cause by a pandemic but a poor money management unseen by the leaders. But I must agree, if we are looking for alternative, the best one to have is the cryptocurrency.