Post
Topic
Board Economics
Re: Are we heading towards recession ?
by
Lucius
on 09/10/2022, 14:57:09 UTC
Can cryptocurrencies work in this environment?

Let's call things by their right names, because we should be interested in how Bitcoin behaves in the current conditions, not how some alternatives (altcoins/tokens) behave, which are not actually that in the true sense. I would say that Bitcoin is doing quite well, regardless of the apocalyptic announcements of various experts and forum faketoshi trolls. If we look at everything exclusively through profit, Bitcoin was a phenomenal investment for those who know how to achieve maximum profit, and during every bear market, the same questions are always repeated - "can Bitcoin survive?"


What can we do to make sure we survive the whole economic recession?

To adapt to the current situation in all possible ways in order to eliminate from our lives everything that is not necessary. The average person who smokes, drinks alcohol and eats fast food spends a lot of money on these things that are not only unnecessary, but also dangerous to health. Furthermore, if we all complain that fuel is expensive, why not use more bicycles, electric scooters, public transport or walk more? Likewise, if you want to save on heating, you can do so if you dress a little better in your house/apartment and reduce the heating by a few degrees.

In fact, recession is not something to be so afraid of, you just have to adapt and accept that nothing is and will not be like 2-3 years ago.