There has been a lot of debate about "Economic Recession" recently, which I think is unnecessary, simply because this phrase is too difficult to debate with people like me and maybe you. However, in the article below, I share my personal perspective on the phrase "Economic Recession" in financial markets like crypto to help people feel less confused.
For me, when I am unemployed and my family's economy is declining, it is also contributing to the general economic recession. So if the economic recession occurs globally, many industries will certainly be heavily affected, not just the financial market like crypto. If viewed from a negative perspective, it may be shocking for newcomers when crypto assets fall rapidly, but from a positive perspective, for long-term and long-term investors, it is an opportunity to buy at a better price. The question is, where is the money to buy when the market is heavily affected by the "Economic Recession"?
When I woke up in the financial investment market, my investment method no longer included the two words "surfing", "margin", "futures", "no more searching for indicators on the chart", "no more analyzing candlestick patterns" and "no more paying attention to news about the financial market". The simplest reason is that I want to keep my mind always thinking about long-term investment and when I think about long-term investment, I must have a long-term capital strategy and that is the answer to why I will still have money to buy in case of "Economic recession". Therefore, if you are a long-term investor and have a long-term capital strategy, you will no longer feel shocked when the market fluctuates strongly or, worse, is heavily affected by "Economic recession".
"Economic recession" will certainly heavily affect financial markets like crypto, but more precisely, the heavy impact may be on short-term swing traders, investors who like to go all-in at once, and investors who do not have a long-term capital strategy.
Finally, if you are a long-term investor, have a long-term capital strategy, especially practice patience and wait for the best time to buy or average DCA price, then you still have a chance (if the crypto financial market still exists).
Theo Vuongnd