Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 04/10/2023, 10:24:25 UTC
Who knows if the reccession will affect bitcoin or not. What I now is that there is no form of worst condition that has hit the economy that bitcoin didn't survive. It will only affect it for a short time and after a while there will be correction in the price again.
Normally i see no reason why economic recession can affect Bitcoin in anyway, perhaps have we forgotten what economic recession is all about? of course during economic recession there used to be lack of money, inability for people to work and earn money which will result to lack of money in circulation but most of the people who has save a lot of money tend to diversify there funds to Bitcoin because going into Bitcoin could be there only chance to remain financially stable when the recession will come to an end, so to me economic recession doesn't affect Bitcoin but instead it increases the demand for Bitcoin were as everybody will channel most of there funds to Bitcoin as the best investment to diversify all there money to.