Topic: Advice to everyone today - page 8. (Read 1313 times)
I dont think that we really need to withdraw cash right now. This only makes situation worse
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 financial crisis of 2008 can't be compared to this present condition, Coronavirus or other virus outbreaks never happened in 2008, this present condition never happened before, it's just cool that Bitcoin is standing strong Take your financial freedom in your own hands, Buy crypto today
I know financial crisis is coming today and we must hold and save our cash money, although without saving bitcoin and altcoin assets but we must cash out money from the bank for take moment some thing bad with bank at the next time when corona virus make many countries get economic crisis.
Take your financial freedom in your own hands, Buy crypto today
If that global economic crisis happens, it means there will be scarcity of fiat and if banks restrict the access to fiat, it still means that altcoins won't be bought as such because you need fiat to convert to either bitcoin or etheruem to buy the altcoin. So we will still be at same level.
You are right, I think you already know the prediction of the impact of the corona on the global economy that made it possible for the crisis, especially for developing countries that still continue to depend on other more advanced countries. I think crypto is indeed the right choice for this problem, because of the financial freedom and investment that crypto offers to us.
Crypto really gives all opportunities to control it like you want, but its price is very unstable, so I think that it isn`t the best way in today situation. Gold is more reliable and has more liquidity and stability than crypto. Buying crypto now is good way out only for real enthusiasts
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
some investors are waiting for what will happen to the market especially with the current virus pandemic. but some are taking this opportunity to amass cryptos while the prices are so low. at times like this virtual currency would show its real-world use. trading goods without physical forms like money.
I have a funny feeling that there are no investors left in cryptocurrency market, by looking how much project raise in 2019/2020. Or by observing the kind of "success" project shows after listing. I cant say that I've seen each listing of each ICO/IEO/Bounty, but the price drops after it makes me cry... If I were an investor, during 2019 I haven't seen a single project that would give me profit...
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
some investors are waiting for what will happen to the market especially with the current virus pandemic. but some are taking this opportunity to amass cryptos while the prices are so low. at times like this virtual currency would show its real-world use. trading goods without physical forms like money.
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
I will lean more to this statement than the post of the OP. I didn't experienced the 2008 crisis but indeed this is worse than what happened at that time. Right now, there is no time for an average person to know or even invest into Bitcoin right now because they need cash far more than crypto. If you will go to a grocery store, how can you use Bitcoin if they aren't accepting it?? If you are holding Bitcoin and you don't have cash anymore, how can you pay your bills or the things you bought.
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.
I'm not a financial adviser but can you please cite some sources that this time, it will be worse than what happened last 2008. If you shares some references here maybe many will believe you 
.Take your financial freedom in your own hands, Buy crypto today
I can take financial freedom but not only on crypto. There are other ways to achieve financial freedom. Too many to share 
. 
how can you say worse, the economy has continued to grow since 2008 so it seems you are wrong to say so.
even if the crisis occurs again, maybe the government has prepared this in the future if the crisis will happen again.
crypto might be an alternative, but people will choose other commodities that are already more trusted.
even if the crisis occurs again, maybe the government has prepared this in the future if the crisis will happen again.
crypto might be an alternative, but people will choose other commodities that are already more trusted.
Buying crypto is my priority especially Bitcoin and Ethereum, now the price is still cheap and there's possibility that prices will rise again so its will be good choice for invest.
The world is putting their eyes on the crypto right now as some infected countries have already started to adopt the crypto as an alternative way to counter this virus in terms to create a convenient system for the transaction. Due to the worst crisis and they must do that. In this case, there was no possibility for the bank to prevent the users from withdrawing the customer's money. I think what you need to read more what already written by OP.
Can i know where you get this information? I mean we need falid source. If you talking about this but no source i think it will make newbie little confuse and at this time we need more careful to manage our asset. Advice is good but better with falid information.
I am thinking precisely that we are going to have a recession like that of 2008 or worse, as you well say. But because the economy before the Coronavirus was in trouble and with this virus it gave him more reason to suffer a breakdown. Crypto should be the best alternative as a means of payment or at least gain an acceptable position. From now on we must continue doing our job to contribute to the growth of crypto space.
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
Perhaps the cryptocurrency in the new global economic crisis will become a means against the inflation of conventional currencies, and therefore during this period it will be in demand and grow in value. However, a rather interesting topic has been raised here. If, during the onset of the economic crisis, banks and ATMs will limit the withdrawal of funds from citizens' accounts, then there may not be enough cash and people in this hopeless situation will sell cryptocurrency. This will be the reason for her fall. The only question is what will prevail - supply or demand. Take your financial freedom in your own hands, Buy crypto today
Seem like it will be different with the current situation. Bank and ATM was produced by government and they are free to make any change because they will still benefited as well. Different with now that bitcoin was created by people non government even we don't know who he is and until now we have been know the reaction from government to bitcoin. Most likely, they will change the form of money fiat to digital currency and all the marchant from the country just accept digital money instead of money fiat.
Yes, crypto can be a good alternative when centralized is failing in a lot of countries. In India, a major bank stops its user's fund withdrawing. This should be a major turning point for Indian people to adopt and involve in crypto so that this type of situation won't happen again. Crypto gave us the power to protect our own funds by myself.
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
Man, that's really a lot whole worse, and it would be very painful, if that were going to happen. I kinda think that is very unlikely to happen again with today's environment. Because everybody, I mean everyone is in need now besides there were different circumstances way back last 2008 has, that is why they came out to the point that they need pull out such silly decision compared to what is happening right now. No one would allow something like that though, humanity isn't like that anymore, I hope so. Anyway, I wholeheartedly agree with your last statement, take some, before everything be going too late for you to buy though. Because once everything seemed to be fine, and everything been settled down, market is going to rise up once again.
Good advise though but if people are not planning to invest, I would not suggest crypto since they might lose their money due to volatility.
In crisis like we are at now, people are not thinking of investing, hence they are more thinking on how they'll be able to survive this and of course they need money on that.
In crisis like we are at now, people are not thinking of investing, hence they are more thinking on how they'll be able to survive this and of course they need money on that.
Buying crypto is my priority especially Bitcoin and Ethereum, now the price is still cheap and there's possibility that prices will rise again so its will be good choice for invest.
For Bitcoin hodlers, remember what also happened last year when we had it worse. This is just one of those days again, and it might be a really bad timing to go with the coronavirus right now but we should be recovering any day.
This isn't something to panic at.
Buying crypto right now would somehow be a good of an option since we're kinda at low right now but I think people are more focused into buying the needs for this pandemic.
This isn't something to panic at.
Buying crypto right now would somehow be a good of an option since we're kinda at low right now but I think people are more focused into buying the needs for this pandemic.
Jump to: