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Topic: Advice to everyone today - page 12. (Read 1275 times)

full member
Activity: 983
Merit: 100
March 21, 2020, 04:30:49 AM
#8
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.
legendary
Activity: 2282
Merit: 1041
March 21, 2020, 04:28:54 AM
#7
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
How did you know that the bank will close withdrawals for all customers? Do you have an accurate news source?
If this is true it is good for crypto, but if not it will have no effect

He doesn't have a link to share, its just in his head.

Business goes on as usual. The fastfood restaurants that doesn't offer delivery since day one though are now offering the free delivery. Things change and businesses adopted almost instantly.  I can only see few walking around but business is going on and banks are allowing people to withdraw as long as lockdown goes on. The transport of goods aren't shutdown, everything look good still. Its just funny people talking from a distance like everyone has leprosy.
hero member
Activity: 2716
Merit: 552
March 21, 2020, 04:01:47 AM
#6
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

Exactly.
This post is just another fud. The 2008 crisis and the health crisis that we're facing globally is totally a different scenario and outcome.
If the OP is talking about the economic crisis today, then it is obviously because of the pandemic. People would always choose to have fiat currency in their hands for easy access on basic necessities to survive the lockdown.
hero member
Activity: 2142
Merit: 594
March 21, 2020, 03:52:45 AM
#5
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
How did you know that the bank will close withdrawals for all customers? Do you have an accurate news source?
If this is true it is good for crypto, but if not it will have no effect
member
Activity: 476
Merit: 22
March 21, 2020, 03:44:18 AM
#4
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
jr. member
Activity: 39
Merit: 1
March 21, 2020, 03:43:13 AM
#3
It's no doubt this is a very big trying time for the whole world. People are scared of the inevitable and what might happen in days to come. One of such fear is fear of investment and having no cash to fall back on incase of further crisis. Its good to buy cryptos now they are low but personally am holding on to the ones I already bought and praying they come up. This period, one should learn to spend less honestly.
hero member
Activity: 2576
Merit: 579
March 21, 2020, 03:37:28 AM
#2
Taking financial freedom at this time does not hurt, it's just that not all of our services or daily needs can be obtained through crypto, so the real thing we still need for now, the case of the financial crisis that happened in 2008, that obviously would not have anything to do with crypto, because at that time cryptocurrency had not yet been discovered.
full member
Activity: 952
Merit: 110
March 21, 2020, 02:52:52 AM
#1
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
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