Post
Topic
Board Economics
Re: State influence for cryptocurrency
by
Apes
on 17/10/2020, 04:09:51 UTC
Sorry i'm not getting your idea

What I meant is even some countries don't allow the use of cryptocurrencies directly for usage, but a lot of country allow the use of cryptocurrencies for investment. And that's what i meant about the investors of crypto. For example, my country allows the use of cryptocurrencies as an investment, and my country is in recession now. It is surely affecting the investor from my country, and a lot of them withdrawing their assets in crypto for their living.

Ok, I got the points this time.  It is true that during an economic recession, many people will withdraw their investment.  However, the reality is quite the opposite, the price of cryptocurrencies is increasing and the market is growing People are start Glancing
cryptocurrencies as one of the best investments besides gold.
Besides, I think people are also realizing that this recession lasts only a short time during the pandemic.  And it doesn't cause an economic depression so it's still safe to invest.  And right now, many people need fresh funds by selling or dump their crypto assets, so this is also the right time to buy.