Advice to everyone today - page 6. | Bitcointalksearch.org

CryptoBik

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Quote from: Ailmand on March 26, 2020, 01:42:10 PM

In cases of emergency like this, it is really difficult to trust banks. One of my friend had a problem finding an online ATM to withdraw some money and majority of the is offline. That is why having an alternative such as crypto is good. There are some ATMs in our country is not operating due to the pandemic and lack of cash.

Recently, I do not trust banks at all. I keep all my assets in cryptocurrency and a bit in real estate. And if you look globally, the situation is tense and that's for sure. And there are similarities with 2008.

jacafbiz

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I think what people need to be doing now is to pra we have cure to this Corona Virus. I do not see 2009 playing out this time around, the because has we are seeing the Central banks are determined to print their way out of this problem if it persist.

fabiola!

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Quote from: Stanlo on March 21, 2020, 02:52:52 AM

Take your financial freedom in your own hands, Buy crypto today

this is good but from crypto we cant use for daily needs as crypto is not accepted everywhere but having some crypto is good at-least we can use where it is acceptable , having crypto in next financial crisis would be better as crypto would be more popular Grin

Ailmand

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In cases of emergency like this, it is really difficult to trust banks. One of my friend had a problem finding an online ATM to withdraw some money and majority of the is offline. That is why having an alternative such as crypto is good. There are some ATMs in our country is not operating due to the pandemic and lack of cash.

crustycrab666

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Quote from: TheMystic on March 24, 2020, 04:29:20 PM

Well at this moment of financial crises, I only hold btc, every other altcoins have been exchanged to fiat to enable me and my family live while the crises last for a period of time. Although, people are being notified of banks shutting down, so am sure only few can get locked out of Fiat cos of banks.

That is the best choice. The importance of sharing investment is for emergencies like this. We will have enough reserves to make ends meet, and still have the opportunity to sustain investment. I salute your strategy.

The decline in most of the crypto markets last week was a good opportunity to fill bags, I think that also applies to the stock market, because today I see a significant increase in the entire market. This is not guessing, it needs strategy and analysis, so don't come in a panic, consider every decision to avoid risk.

TheMystic

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Well at this moment of financial crises, I only hold btc, every other altcoins have been exchanged to fiat to enable me and my family live while the crises last for a period of time. Although, people are being notified of banks shutting down, so am sure only few can get locked out of Fiat cos of banks.

odukoyaewatomi27

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It's no doubt this is an extremely huge difficult time for the entire world. Individuals are frightened of the unavoidable and what may occur in days to come. One of such fear is fear of investment and having no money to swear by incase of further emergency. Its great to purchase cryptos now they are low however by and by am holding the ones I previously purchased and asking they come up. This period, one ought to figure out how to spend all the more wisely

TheICE007

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I want to believe that this year would not be as bad as it was 2008 but if it gets to that,then I don't see investing as one option,many people would need fiat so as to meet up with the world economy,also there would be much withdrawal from most investment which would result to a fall in the financial sector but then it's always good to have an investment in crypto no matter how small.

coinfinger

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One thing that is confusing to me here is the fact that what are you going to do with your crypto when banks are freezing your money? I mean lets say that government decide to freeze all assets on banks and just focus on recovery, they will use everyone's money but slowly pay it back but there is a huge trouble for a while and you were smart enough to buy bitcoin before all of this happened and you have a ton of bitcoin, bitcoin price increases and your 10k is suddenly 100k and you are considered rich. How are you going to withdraw that?

The world will not start accepting bitcoin in one day, you are still stuck with a frozen asset that is bitcoin with only difference is you can move it around however you want except taking it out on cash. So that doesn't sound like a solution neither.

LbtalkL

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I don't think it will happen unless covid19 will still exist or intensify but as I see we are recovering now, china is recovering and started to help the countries which are affected by this virus. Also, the market is recovering from the dip last time hitting more or less $3800 and we are now at $6700, obviously better than the stock market. It is always good to buy bitcoin whether in crisis or not if your thinking for the long term.

pawanjain

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Nothing lasts forever

Quote from: Stanlo on March 21, 2020, 02:52:52 AM

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

The crisis we faced in 2008 and the crisis we are facing now are two complete different things you have portrayed in a same way.
The reasons behind the crisis are what that defines it's fall and probably how it will recover.
The current crisis is because of a pandemic and the crash is bound to happen because people will always prefer to have payment methods that they have in control. They will prefer hard cash because they can spend it anywhere and however they want. They won't rely on stocks because they cant use stocks as a payment but yes they can sell the stocks for fiat and buy things they need in such a situation.
Once the pandemic is over people will still have money left to invest and crypto and stocks will be the first thing they will invest in.

hirngespenst

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Quote from: soramon on March 23, 2020, 05:24:24 AM

Cryptocurrency is unstable it is high risk to all in on it. Also, i think it cant be collapse like 2008 only temporary. After this corona virus is gone everything will be normal. Im not sure when this corona virus end but i hope as soon as possible the virus gone.

A new virus named Honta hit in China and one man died! So, after the coronavirus ends, there will have risk too. So, no one knows what will be the market condition. The world's health condition is not good now, that's why crypto market is facing the same phase. But yes, I believe it too that market wont crash like 2008, it will be alright after all these natural disease ends out!

IndraCryptoCapital

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Agreed its still not late for the non-crypto crowd to jump in on the Crypto bandwagon!

joinfree

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Quote from: Stanlo on March 21, 2020, 02:52:52 AM

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

I wish this industry was well-developed enough to make such shorts but the reality is we are not. Ask yourself how many marketplaces or online stores out there accept bitcoin or other cryptocurrencies as payment. Moreover with the recent dump in the value of cryptocurrencies I don't think anybody would prefer spending their cryptocurrencies right now. It's a sad situation but I don't think buying crypto is the solution we need.

miningguru

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Quote from: Kasabus on March 23, 2020, 06:07:58 AM

Quote from: gundala on March 22, 2020, 06:52:03 PM

Quote from: brightemo on March 22, 2020, 09:49:21 AM

I dont think that we really need to withdraw cash right now. This only makes situation worse

Why not? everyone has different needs, right? Regardless of the panic or not, we are in an unstable economic situation, the global pandemic effect is quite alarming, so most people would choose to secure their finances for more priority living needs such as meeting basic needs and supporting health rather than investment. So do your best to be able to maintain a stable life and try which is more important first.

It's very difficult today facing this pandemic corona virus without your money on hand to secure the basic necessities of your family. Crypto may be a good option as an investment but what people badly needed today is fiat to survive from this economic crisis while everyone here is experiencing lockdown.

This lockdown situation makes many people are afraid about the market because it may even go down to lower values. As of now, it is a very good choice to hold your fund in fiat currency and it will help you grab the coin when the market starts decreasing again. I am doing the same which I am holding my fiat currency.

Kunnu

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Yes I remember the financial crisis of 2008 it was very terrible time when the economy of almost every country was crashed, nobody wants to see that moment again I believe people have learned many lessons so with the positive understanding about cryptocurrencies they will take responsible and right steps.

cahbagus555

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Quote from: Ashong Salonga on March 24, 2020, 04:56:58 AM

Quote from: Stanlo on March 21, 2020, 02:52:52 AM

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

At this point of time, we cannot push it through for people to buy more cryptocurrencies now that their prices are somehow cheap and affordable because people across the globe are into focus on how they will survive this pandemic virus that is affecting the whole world. For sure, many people nowadays are into panic buying for goods and stocks that will be used for a period of time since many countries have already declared that they are into a lockdown which means people is tend to stay at home. So with this situation, people are surely using their fiat to buy their necessities to be able to keep themselves safe and survive this crisis. Even if we are experiencing financial crisis wherein the price of the cryptocurrencies are currently low, we cannot push people to purchase cryptocurrencies because it is understandable that they tend to use their funds first for healthcare issues.

Most people are more concentrated in dealing with the corona virus that occurs at this time. But if you are isolated at home and can't work out of the house, I think investing in the cryptocurrency market can be a way to make money from home.

Lexurdania

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Quote from: JCviggen on March 23, 2020, 01:58:43 PM

Quote from: nreal on March 23, 2020, 11:24:49 AM

You're talking about financial freedom. If you're going to keep it for a few years, there's no problem, but if you're buying cryptocurrencies and want to spend in times of crisis. You will again have to use banking services.

during a crisis, we should not spend our cryptocurrencies. crisis time is an opportunity to earn more crypto. when the bull market begins, you must spend all your time finding fresh coins and making money from them. you will spend your bitcoins when the mass adoption will come

When the economic crisis occurs, cryptocurrency is expected to be a safe alternative asset besides gold. With the increasing transaction value, I think that cryptocurrency or bitcoin will gradually become a safe haven asset. Restrictions on withdrawing money at ATMs will not occur in cryptocurrency but as long as transactions at merchants still use fiat money and do not accept crypto, I think it still takes a long time for crypto to be accepted by the public

Ashong Salonga

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Quote from: Stanlo on March 21, 2020, 02:52:52 AM

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

At this point of time, we cannot push it through for people to buy more cryptocurrencies now that their prices are somehow cheap and affordable because people across the globe are into focus on how they will survive this pandemic virus that is affecting the whole world. For sure, many people nowadays are into panic buying for goods and stocks that will be used for a period of time since many countries have already declared that they are into a lockdown which means people is tend to stay at home. So with this situation, people are surely using their fiat to buy their necessities to be able to keep themselves safe and survive this crisis. Even if we are experiencing financial crisis wherein the price of the cryptocurrencies are currently low, we cannot push people to purchase cryptocurrencies because it is understandable that they tend to use their funds first for healthcare issues.

JCviggen

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Quote from: nreal on March 23, 2020, 11:24:49 AM

You're talking about financial freedom. If you're going to keep it for a few years, there's no problem, but if you're buying cryptocurrencies and want to spend in times of crisis. You will again have to use banking services.

during a crisis, we should not spend our cryptocurrencies. crisis time is an opportunity to earn more crypto. when the bull market begins, you must spend all your time finding fresh coins and making money from them. you will spend your bitcoins when the mass adoption will come

Topic: Advice to everyone today - page 6. (Read 1275 times)