Post
Topic
Board Economics
Re: If Recession Kicks In, How Will Bitcoin Perform?
by
Mauser
on 12/06/2020, 07:01:48 UTC
First of all, you need to protect coins from falling prices, inflation, and volatility. Now many wallets offer secure staking, exchanges too. You can still consider the option of structured deposits.

Not sure if I understand it correctly. But first of  all everyone should store his bitcoins securely. With only a few hundred bugs, its fine to use an online wallet. But if you own a substantial amount of Bitcoins (> 0.5) I would not rely anymore on online wallets. Security is king if you  want to keep your bitcoins, but this will of course not protect to you from falling princes.

If you are actively trading with fast reaction times it might be worth to sell some of your holdings in a general market sell off. If  the recession will kick in, we probably see falling prices across the all asset classes. In the long run prices will rise again as always in history, I would make sure to invest again if you find decent levels to buy.