Regardless of the EFT verdict, does anyone else think this is a good time to buy because the next cyclic recession is bound any time soon.

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A recession (or correction) usually happens every 7-10 years. Also, historically, economy has performed worse with Republican presidents with most of the recessions and depressions happening while a Republican is in the white house.

I'm a stronger believer in bitcoin but I did keep some of my other investments for the sake of diversification. But with Trump in the white house and him stocking up on arms (which makes it seem like he'll wage war with some poor country), recession is bound to come any time soon. The last one was in 2008. That's 9 years ago.

This is a good chart of the historic market performance. http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

What do you think? Do you think a recession is coming? And thus is a good time to switch as much fiat into bitcoin as possible?

submitted by /u/iluvceviche
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $38167.48 USD  (via Coinbase)
1 ETH = $2320.56 USD  (via Coinbase)
1 LTC = $136.61 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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