Global Recession Scenario - Deflationary Dip for Bitcoin FIRST Before Moon?

in threespeak •  5 years ago  (edited)

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GEO XRP asks "Do you think there will be a delay in BTC price increase following the crash?"

Here's my response!

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5 years ago by

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      ·  5 years ago 

    I really in agreement with you, I think bitcoin will be pretty good this year to end, but can't actually predict the market price. I watched your video well and you show much interest in bitcoin business. Thanks for such explanation!

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      ·  5 years ago (edited)

    Yes, it happened in 2008. When a major crises happens, everyone will flood to liquidity first and sell everything. It happened to gold and silver at that time also but a year after that, we are going to moon 🤑

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      ·  5 years ago 

    I think your spot on but let’s not forget silver. Thanks mike

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      ·  5 years ago 

    This is unbelievable news! But we just have to ascept the facts!

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      ·  5 years ago 

    It is already starting if you look at Gold and Silver starting to catch demand for store of value purposes. Once bitcoin is put back in the spotlight, it will gain better prices pretty quickly.

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        ·  5 years ago 

      Bitcoin has a lot of room to grow in this space. With the traditional markets facing crisis , negative yielding bonds and currency markets losing value . Recession is ahead so people would prefer to buy a store of value like Bitcoin . They would not look for coins that would 100x in price. During a recession people don't like to take risks . So if recession hits Bitcoin will be bullish and the of it's price will action will be fueled by the recession.

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          ·  5 years ago 

        This post earned a total payout of 18.299$ and 13.759$ worth of author reward which was liquified using @likwid. To learn more.

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