Topic: Advice to everyone today - page 11. (Read 1297 times)
I think that this time, banks can simply freeze people's money and may only allow the use their money after some time. this crisis will show people how banks actually use people's funds. people will stop trusting banks and will look for alternative sources of investment
I read that in the Czech Republic, some banks are already discouraging individuals from withdrawing from fiat directly and they are encouraged them to use internet banking to access products and services directly in order to reduce the spread of the virus. The pandemic might lead to huge financial loss especially in some countries that are hit hugely. It is safe to say at this juncture that crypto might be an alternative haven
Now I’m buying for all my free money cryptocurrency. I expect that during this crisis, people will start to panic very much and will look for an opportunity to save their money. at this moment they will buy bitcoin very expensive.
This financial crisis will only make people want to use Fiat to buy things more than using crypto, not all stores accept crypto and foods and meds needs to be in store for your family, Fiat is way better now to survive, crypto is only better now that stock to store value
What we need to understand together is that between crypto and fiat we both need, because what is not served through crypto can clearly be served in real terms, so everyone needs both, both in crisis conditions and in normal conditions.Crypto is much more needed when you are talking about italy right now and so many people have already downloaded the wallet that support crypto service. That depends on what kind of situation that we are facing about.
Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
Take your financial freedom in your own hands, Buy crypto today
I think we need not panic about the world economics at all, because frankly speaking, the pandemic to me is going to be over very soon.
If you run away from fiat and rush into crypto currencies, you could get rekt.
Bitcoin is not a final resort for mode of payment, you need fiat to survive your day to day desires.
Buy crypto today, but spend wisely.
Always dyor.
Crypto investment is on par with gold now and it's only a matter of time, I believe it will surpass the value of gold and people will see crypto as a better investment asset, the plan of been a financial freedom really works and crypto have change the life of many who are ready to learn
Hope this advice hasn't come at the wrong time because this could lead to panic buying of cryptocurrencies and prices will go up as people try to avoid cash transactions maybe even use of swiping machine's to prevent any chance of the spread of the virus in affected areas/countries.
I did not see a link about it, related to this matter that cryptoqurrency might not exist at the time. but I personally don't think that cryptoqurrency will be a big problem. Fiat currencies and digital currencies differ from one another. but speaking of investment, cryptoqurrency is a valuable asset in the future, especially like bitcoin and the crypto world is financial freedom.
Coronavirus needs to go or else it will take a very long time before crypto recovers back to its All time High, crypto seem stronger than stock market now so it's a better safe haven
It is still unknown when such a crisis will occur, but of course you should not forget about it, because it can come at any time, so I agree that investing in cryptocurrencies will help many overcome the crisis and get a profit even during a crisis.
I cannot recall that this happened in 2008, not good for banks of course, but I would love to have the article or link for this if there is any? Well, crypto is basically the future of financial freedom but that is only for us who believes in it so how we can achieve the goal that most people will use it, I hope you got something for us.
Then you must be young. The 2008 financial crisis has been probably felt by everyone except those who've had no debt and harvested their own food. Even the billionaires felt it.Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
Agreed. But what if crypto goes down another -70%? You would've wished you had kept fiat instead of crypto.Take your financial freedom in your own hands, Buy crypto today
Unfortunately, it's very risky right now to make moves in the market. You have to make moves very fast or you risk hitting the bottom considering the worldwide economy's current volatility.
One thing you can do is keep your money in a decentralized stablecoin and then switch to BTC or alts in an instant when the time to make this move comes. But what if you need fiat urgently to pay something, to buy something for your family during the crisis? The decentralized stablecoin will be of no help..
But it's been 12 YEARS since 2008. You need to feel the difference between these two dates - in 2008, the infrastructure of card payments, ATMs was much worse. Now mobile banking solves all the problems that were then - and there will not be another 2008 simply because everything was made to stabilize the situation. And who uses cash in the year 2020?
Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
Take your financial freedom in your own hands, Buy crypto today
How different will it be if you'll still need to cashout your cryptocurrency to fiat before you can spend them, that means investing in cryptocurrency or holding fiat won't make any different as all industry will be affected. Where it becomes benefits is when we can make use of cryptocurrency for our everyday needs without having to convert it first to fiat.
adoption is what we need now and acceptance of every market to be able to use crypto or bitcoin as mode of payment.
If there is many company store even big department store accept it then there will new currency that will use world wide and the value of it may increase. How ever country already have a plan to make thier own crypto currency.
Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
If the banks are going to close sooner or later the cryptocurrency will for surely gonna be a big deal since they need to transact still even if without fiat. So as a suggestion, we must adopt or at least invest on cryptocurrency because sooner or later this is gonna be the new face of the money. Take your financial freedom in your own hands, Buy crypto today
Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
Take your financial freedom in your own hands, Buy crypto today
How different will it be if you'll still need to cashout your cryptocurrency to fiat before you can spend them, that means investing in cryptocurrency or holding fiat won't make any different as all industry will be affected. Where it becomes benefits is when we can make use of cryptocurrency for our everyday needs without having to convert it first to fiat.
I cannot recall that this happened in 2008, not good for banks of course, but I would love to have the article or link for this if there is any? Well, crypto is basically the future of financial freedom but that is only for us who believes in it so how we can achieve the goal that most people will use it, I hope you got something for us.
In my opinion, you are right, but there are many newbies in crypto and they don`t understand whole potential of cryptocurrency, so they think that crypto market is like others and they try to sell all their assets and it`s like snowball. Some people sell assets, price goes down and others start to panic and exacerbate the situation
In crisis days like this Fiat will be more recognized since not all store and pharmacy are accepting crypto as means of payment, it's going to be a long journey for crypto to be well recognized and useful like Fiat
I think it's kinda different now compare to the 2008 financial crisis. Since on the current crises, we experience a natural calamity like this coronavirus (covid19) outbreak which is kinda expected and predicted that we will experience some of these crises.
And for sure, banks have the plan after what they experienced in the last 2008 financial crisis.
Although, even for me, Bitcoin is really good and the best time to buy is now when most of the people are afraid, well it's just my own opinion, not financial advice.
And for sure, banks have the plan after what they experienced in the last 2008 financial crisis.
Although, even for me, Bitcoin is really good and the best time to buy is now when most of the people are afraid, well it's just my own opinion, not financial advice.
Probably OP was referring to this 2008 Financial Crisis, the cause of this worst economic crisis back then was a great depression. At that time cryptocurrency wasn't yet discovered.
Probably cryptocurrency is great for the purpose of the valuable asset but when it comes to financial purposes to have financial freedom probably I won't agree on this. This economic crisis that we had now is due to pandemic coronavirus and most countries are lockdown or maybe enhance with quarantine at home. Still, fiat currency is the best when we have disasters like this.
Probably cryptocurrency is great for the purpose of the valuable asset but when it comes to financial purposes to have financial freedom probably I won't agree on this. This economic crisis that we had now is due to pandemic coronavirus and most countries are lockdown or maybe enhance with quarantine at home. Still, fiat currency is the best when we have disasters like this.
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