| json_metadata | "{"app":"musing/1.1","appTags":["cryptocurrencies","money","thoughts"],"appCategory":"cryptocurrencies","appTitle":"Will the crypto market benefit from the next recession?","appBody":"<p>I don't think so. Central banks have followed a very loose monetary policy for the last decade which means that there has been a lot of money sloshing about and looking for something to invest in. If there is a credit contraction in the near future, then extremely risky and volatile investment vehicles such as cryptocurrencies will suffer. The latest crypto bubble has popped already. If a recession is due in the near future, cryptocurrencies will go down further but not by anything like the two orders of magnitude as most altcoins already did. Many altcoins may be at a great risk of dying, though. Large market cap coins or middle-tier coins such as Steem that have a strong community will probably survive. With RocksDB as the backend it should be cheap enough to run a full Steem RPC (RPC = Remote Procedure Call) node for the chain to survive a price level around a few cents. </p>","appDepth":2,"appParentPermlink":"f3nccwhzq","appParentAuthor":"cryptoandcoffee","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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