Stock Has Recessionary Times To Make Millionaires, Crypto Has What?

Lots of people have been known to have made most of their wealth from recessions, because this is the time where most investment price are at all time low. Prices of assets are very low, it’s recession, people are selling at lower prices, because they need to store their wealth somewhere else. During recessions, that is when you will know stock price bottom, all time low, this will let you buy and scoop assets at very cheap prices. After recession, when the economy is stable, prices tend to jump pretty high to stabilise their price. So imagine if a stock lost about 99% of their stock value due to recession, and you scoop them at a cheaper price, when the price pumps up back, you are going to make a lot of money.

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Investments done during Past recession became extremely fruitful because stocks were associated with companies, and companies have huge utilities. Companies stock success is due to the company’s success in production and utility. If there ever comes a global recession, and the prices of stocks like that of apple goes down, due to apple’s utility of providing technological products and service and is responsible for entertainment in terms of Apple TV, it won’t take much time for the price of Apple stock to regain its high price agin. This is the advantage of investing in high utility company stock.

But in crypto, we are having lots of unnecessary coins with no utility, so if there ever comes a time where there is serious massive global recession, how do you differentiate the right coins to invest in from the wrong ones that might never pump. In crypto, our recession is the bear market, this is the time where the prices of crypto go way down and get way cheaper. So when people make money from stocks during recession people make money during the bear market in crypto.

Posted Using InLeo Alpha