Is crypto a good hedge against a global recession? What happens

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Surges, crypto will surge with every Economic wobble, shake and collapse

Some coins will fail, and others will flourish

>>2242826

all fiats eventually return to their true value : zero

the value will flow to crypto

>>2242838
Isn't there the risk of panic selling of assets including crypto if banks face a liquidity problem though? If whales start selling their crypto en masse wouldn't the speculation cause the whole market to collapse?

>>2242838
How would it surge? I would expect people to stop investing and start holding onto their money.

>>2242907
If you look at google trends, the top hits for crypto come from countries with inflating currencies or unstable circumstances. Last time I checked, it was:
South Africa: race riots
Nigeria: Massive inflation
Ghana: Stabiling, but suffering from volatile and weakening currency
Venezuela: read the news

So if every currency in the world dumps out, yes crypto is fucked - but in that case, everyone has bigger problems than some crypto may may. As long as there's some stable currency trading crypto while others are devaluing, BTC and others have a future. The biggest risk I'm seeing is regulation of entry points. If fiat->crypto exchanges are regulated out of existence, it's a dead project. No one wants to meet at a starbucks to make a 10k trade of fiat/crypto

>>2242872
Lol, no.
The value will flow to things with actual value.

>>2243179
>actual value
so... love?

>>2242826
Crypto is a hedge against a global recession.
All except the USA dollar. If the USA dollar gets fucked everyone will get fucked, that includes cryptos.

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>>2243233
Yes anon.
Once all of the financial systems collapse, maybe you'll finaly see that the only thing worth investing are other people.

>>2242907
You probably never faced hyperinflation in your life.

>>2243272
Is it a good hedge though? For example if Deutsche Bank or any other big international bank fails won't it bring the US dollar and thus all crypto down with it?

How would a global recession that didn't affect the US dollar even happen?

>>2243272

That makes no sense

>>2243283
This guy gets it.

>>2242826
>if big banks fail
Epic meme. I blame /pol/ for missing out on this years crypto surge. Haven't been on there since I got some cryptos, but I missed the ETH boom because I was wasting so much time on /pol/ waiting for muh happenings.

Oh and
>>2243272
if the dollar drops cryptos automatically go up so wtf do you even mean?

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>>2243283
I didn't come to /biz/ for feels

>>2243521
Every currency is tied to how well the dollar is doing.

No business is going to deny you if you pay them with US dollars and if you try give them other type of currency the business will probably insist on it being US dollars if they don't trust you.

The US dollar is the only 'stable' currency since there is not a lot of volatility to it.

If someone happens to that 'stability' there isn't another currency you can trust that won't change in value by a lot.

>>2243521
>I missed the ETH boom because I was wasting so much time on /pol/ waiting for muh happenings.
Are you me bro?
dem feels

>>2243283
Ah yes, human trafficking. People are the oldest and most valuable commodity. You can even breed them and make more.

>>2243617
lol'd

>>2242872

It might to start with, then it will move.