Quote from: rizkyalhabsy on October 13, 2020, 06:24:19 PM

What impact will it have on cryptocurrency in a country torn by recession in the COVID19 pandemic?
some developed countries have entered recession. I just want to know what impact it will have on cryptocurrencies in your recession-ridden country

Recession can be positive for Bitcoin. Right now there are many countries in recession after coming out from lockdown, and Bitcoin has been positive, except previous negative it experienced around February – March. During recession, most people, especially investors, will be on the lookout for an asset that will help them to retain the value for their money, and as you can see, there are many people buying Bitcoin now. It’s not just people, companies too.

Quote from: MCobian on October 15, 2020, 01:01:09 AM

if government continue to print money, it will reduce the fiat value due to inflation.
This makes investors avoid investing in the traditional market which is bound to be affected by this situation.

No doubt there, but let’s not forget that when the economy stands and maybe by then Bitcoin reached another peak, it’s going to start falling again and investors will sell their holdings to be able to save their money from reducing. That’s just how it works.