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When we usually hear the term recession we associate it (somewhat rightfully) to a period of economic collapse in virtually all sectors with devastating consequences for a households finances. Many people may not consider though that a recession is a process that affects just about enough sectors to completely impact the whole. That said, it is still very possible that some sectors are thriving in the face of a possible recession. 

The force of a recession might be powerful but my point is that it doesn't have to drag us down. We completely are in control of the narrative especially since we have the dynamic ability to move across and within sectors. In other words while we hear about job cuts and losses round the World during this period, there are actually those who continue to thrive. Some even make the highest they've ever done on record during this said period. 

There is no manual for thriving in a recession though. Most times we find ourselves in fortunate positions while other times we are able to create those opportunities for ourselves. The best way I know is to keep a diversified portfolio and follow up on as much information as possible in the advent of a possible economic meltdown. Even in the direst of circumstances there are opportunities that are available to those who actively seek them out. 

How was your last experience with a recession? During Covid a lot of us were either at the mercy of our companies or government relief packages to get by. Some of us did grow during that period especially online entrepreneurs who had something of value to offer. With Covid contained and the harsh economic effects minimized, it has been up to us to figure out what works and how we should operate in the face of another possible economic shock. One thing is certain, the nature of our economy is unpredictable and certain safety nets can quickly be compromised.

One common pattern though is that the traditional financial system is always affected in the event of a recession. This constant can seen in the banking crisis of 2008 and is very well the reason we talk about crypto today. Knowing this should at least let us be on guard with our investments and relationship in the space during such a crisis. We should not be so overly exposed that we do not have a means of getting out or some succor during a recession. 

Crypto is a tricky one when it comes to an economic downturn. Depending on the cause it can either move in the same or opposite directions as the global economy. One thing though is certain, and that's that having a crypto portfolio is one handy strategy for coping with a recession. It may either prove useful during those critical moments or very useful once it is time to rebuild. Remember just how much of a role Hive played during Covid, giving us a chance to rebuild and stack up on options. 

# Conclusion 
I think this is important to realize and that's why I talk about it. We might be part of the global economy but we don't have to play by its rules. Economic downturns don't necessarily have to affect us as we could keep getting better with our investment strategies. Also don't neglect crypto as we mitigate the unknown World of unpleasant financial situations.