Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: kaleemmalik on August 30, 2018, 07:07:39 AM
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What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
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Thanks for opening up this question. I would like to see what others' opinions are too. It is quite tough to predict the future in case of cryptocurrencies and economical crisis is something which can effect the crypto market in any of the way (positive or negative). There has been no recession since the creation of Bitcoin which is why we can say how will it effect it. In my opinion the economical crisis would strike Bitcoin in a negative way since it is not yet been accepted throughout the world. It would certainly create a panic/FUD in the crypto market and hence there are pretty good chances that BTC will decline.