Quote from: uray on Today at 01:05:16 PM

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

If the recession is stemmed from the policy blunders and the pandemic then i am not sure how cryptocurrency will aide in helping you overcome the situation but if you are holding a portion of your asset in bitcoin then it can overcome inflation and can help in retaining the valuation and then if the market keeps on rising it would help you greatly.

i think his asking if what it will be the effect in crypto , not what can crypto help to the people or to the economy in times of recesion . if questions were changed to what you think , your answer will still be correct .

cryptos can really help people but those who are already using a crypto . people didnt realize this , that crypto is not just a payment method or for investment but it can also help other problems that a country can faced .