Will cryptocurrencies drop in an upcoming recession?

UpwardDescent

UpwardDescent

Junior Member
Joined
Jan 3, 2021
Messages
133
Reaction score
116
During recessions, investors have always put their money into stable commodities like gold and silver.

Now the my question is whether investors will seek to cryptocurrencies as well?
 
Advertise on BHW
Most likely. Like you said people are going to block their funds in gold. But you never know, crypto may end up becoming the new gold. Don't panic sell because in the long run you'll still have gains.
 
Nobody knows. Lately crypto behaves similar to high tech stocks like Tesla. This can mean 2 things:
  1. in a recession crypto will rise, but then Tesla and similar growth stocks will grow as well
  2. both will fall
Comparing it to Gold might be too early. It will only take effect if the USD collapses and I don't see that happening yet.
 
I'm trader, and I think they will, because they depend only on fundamental, they depend on the trend, on news. Unlike the regular currency, crypto ones will drop because there is no government which supports them. When you see big-good news about crypto then buy, before that NO
 
nLinks said:
I'm trader, and I think they will, because they depend only on fundamental, they depend on the trend, on news. Unlike the regular currency, crypto ones will drop because there is no government which supports them. When you see big-good news about crypto then buy, before that NO
Click to expand...
When you see the news it's too late. Buy the rumour, sell the news
 
Better to day-trade / short term cryptos for me.................historically, there's more benefits in this.
 
GNews said:
Better to day-trade / short term cryptos for me.................historically, there's more benefits in this.
Click to expand...
Factually incorrect.

eToro homepage warning:
67% of retail investor accounts lose money when trading CFDs with this provider.
Click to expand...
or
Barber, & Odean (2000): Trading is hazardous to your wealth: The common stock investment performance of individual investors:
The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annually.
Click to expand...
or
Kumar: Who Gambles In The Stock Market?:
Poor, young men, who live in urban areas and belong to specific minority groups invest more in stocks with lottery-type features.
Click to expand...
 
GNews said:
Good to see you dont know what you're talking about.
Click to expand...
I gave you statistics and where to find them. What counter argument did you come with? lol
 
alurosu said:
I gave you statistics and where to find them. What counter argument did you come with? lol
Click to expand...

Those aren't facts at all related to what I said LOL

That's redundant discouraging quotes on who's lost money, not who's won............

Just the fact you don't even understand what you , yourself quoted makes me not even interested in discussing
 
UpwardDescent said:
During recessions, investors have always put their money into stable commodities like gold and silver.

Now the my question is whether investors will seek to cryptocurrencies as well?
Click to expand...
Some will but some will sky rocket up regardless, think of Binance coin, it did well during the bear market.
 
One of bitcoins target is that people don't invest in an economical crisis into gold but instead in crypto.Bitcoin will fail once the second monetary system will be ready to be implemented
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Networking Downloads

Marketplace

Content / Copywriting Hosting Images, Logos & Videos Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design Misc

Making Money

Affiliate Programs Hire a Freelancer Making Money Pay Per Click Site Flipping

BlackHatWorld

BHW Merch Forum Suggestions & Feedback Introductions Lounge Dispute Resolution

Other

Domain Name Forum IM Journeys Web Hosting Newsletter
Back
Top