Advice to everyone today - page 9. | Bitcointalksearch.org

Flickkk

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Quote from: Stanlo on March 21, 2020, 01:52:52 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

Too many crypto .
Even big cryptos you will still have worries investing on them
If u have a good amount of capital why not start a business.
Then when the business is stable try to invest on crypto u researched on and do some little risk so that u wont have regrets on losing some on crypto. Might get lucky if the coin will go boom.

joshua123

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As much ad I wanted too but I dont have extra fund for buying crypto. Yes a major recession could or already happening and crypto is one way to a more lucrative approach on payment system. Probably atms, and bank arent much gonna stay open or closed for a while and only those remittance center will be catering people, its a good step if people will learn crypto while staying at home and gain interest to use it too.

Anonylz

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Quote from: Valzador on March 22, 2020, 12:37:51 AM

Quote from: michellee on March 22, 2020, 12:25:55 AM

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If in the next few months this pandemic problem is not resolved then there will most likely be a crisis like 2008, Bitcoin will be tested whether it can remain a safe haven or not because Bitcoin is called digital gold and I don't believe that.

It doesn't matter what different btc enthusiasts attribute to btc because eventually those are their personal beliefs and not a general term, however, we should all be hopeful that their will be a vaccine soon enough to curb the virus,
Between I still don't get why people are regarding btc with high volatility a safe heaven, we all know price of btc is not stable, it fluctuates every now and then, why is it consider as safe heaven?

matchi2011

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Quote from: Valzador on March 22, 2020, 12:37:51 AM

Quote from: michellee on March 22, 2020, 12:25:55 AM

I hope that the crisis that happened in 2008 will not happen again because that is the terrible situations which happen to almost all countries. Although we now have a crisis with the coronavirus, I hope that it will not take too long to get the cure so we can pass this crisis, and many people can get cured by the vaccine. We need to prepare for the worst thing that can occur in the future, and we hope that we can be ready for that.

If in the next few months this pandemic problem is not resolved then there will most likely be a crisis like 2008, Bitcoin will be tested whether it can remain a safe haven or not because Bitcoin is called digital gold and I don't believe that.

The theories of some medical doctors state that this virus will be here in the next following months, the government are trying to contained to lessen numbers of people who can possibly be affected of this disease. We need to be practical and be wise in order to make right decisions in every time
that we are dealing inside the market.

Valzador

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Quote from: michellee on March 22, 2020, 12:25:55 AM

I hope that the crisis that happened in 2008 will not happen again because that is the terrible situations which happen to almost all countries. Although we now have a crisis with the coronavirus, I hope that it will not take too long to get the cure so we can pass this crisis, and many people can get cured by the vaccine. We need to prepare for the worst thing that can occur in the future, and we hope that we can be ready for that.

If in the next few months this pandemic problem is not resolved then there will most likely be a crisis like 2008, Bitcoin will be tested whether it can remain a safe haven or not because Bitcoin is called digital gold and I don't believe that.

tabas

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Quote from: Twinkledoe on March 21, 2020, 08:30:55 PM

Quote from: tabas on March 21, 2020, 08:24:12 PM

At least we're on the bitcoin forum and we all knew about that. But those that are not in this forum are not aware of this possibility. They keep on telling cash is king and then what happens if their money on the banks will be frozen due to the control of influx by the depositors when they start withdrawing funds.

But not all crypto users can afford to buy more bitcoin or other alts. Some need to cash out their crypto in order to address their basic necessities. But yeah. at least we are in this forum and we will be getting some strategies on how to earn money while we are in this situation. Fiat currency is not safe anymore as they can be the source of virus when it is being transferred from one person to another. So we need to be cautious also with our fiat money.

We are all in that situation and we need to take care first of our needs but it doesn't mean that you don't have any extra cash for it. Well, if you're not too careful the way you take care of your finance, it's likely that your savings will be used in times like this.
But for financial literate, they have a budget for the needs and if they also understand that it's the right time to invest in markets like bitcoin, they will not hesitate to buy.

danherbias07

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Go against the flow.
It's a good strategy but too much is at risk here.

You can buy crypto currencies now but there is just no assurance that it will really rise.
The economy is not looking good because of the corona virus.
People now are just spending money without anything going back to them.
After this thing is cured then people will need some time to go back to their normal way of using money. Saving and investing.
It may take a while before we could see a good rise in crypto prices again.

michellee

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I hope that the crisis that happened in 2008 will not happen again because that is the terrible situations which happen to almost all countries. Although we now have a crisis with the coronavirus, I hope that it will not take too long to get the cure so we can pass this crisis, and many people can get cured by the vaccine. We need to prepare for the worst thing that can occur in the future, and we hope that we can be ready for that.

btc78

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Quote from: Davian144 on March 21, 2020, 02:37:28 AM

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.

That's why OP is pushing us to use crypo now because you are correct that time cryptocurrency was not there to help people have their financial freedom but today? We already have option and that is by using cryptocurrency and remember that other services and products now are being use having crypto so what would you do?stay in you bank ATM or crypto in your own wallet and private keys?this is the perfect time for all of us to have our freedom and this is by using bitcoin and altcoins also.

bgaf

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Quote from: Stanlo on March 21, 2020, 01:52:52 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 thought your gonna say withdraw cash now since its badly needed. Crypto isnt a hedge for fiat but its a good way to spend your extra money since its cashless. More establishment starting to realize that blockchain even more powerful than mere ATM machines. Adoption slowly improving and that proves that crypto market can caught up with the pacing of other markets such as stocks, oil, gold and now even stronger than fiat.

TheClownSong

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Quote from: Adreman23 on March 21, 2020, 10:39:32 PM

Quote from: Stanlo on March 21, 2020, 01:52:52 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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

When this corona outbreak crisis occurred, many business activities were stopped due to lock down and I think there will be a lot of bad credit so banks need more liquidity to meet the needs of the community. Several central banks in various countries have already announced economic packages and lowered interest rates, hopefully the current economic crisis can quickly pass

Reid

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Quote from: Stanlo on March 21, 2020, 01:52:52 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

Way to different that what is happening now.
2020-2008 = 12 years. That was a long time and so many things had happened by now.
So why not also explain why? Maybe we could understand more of how you thought about that.

They may be happier now.
People spending money left and right.
Then merchants having a lot of income to put in banks.
The circulation of fiat is getting better if that happens. Even those kept in home stashes will be spent due to the epidemic virus.
After this, people will be loaning money from the banks. So it is a big win for them.

Magkirap

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Quote from: Adreman23 on March 21, 2020, 10:39:32 PM

Quote from: Stanlo on March 21, 2020, 01:52:52 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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

Indeed, this is the time where you don't think about choosing between investing/putting your money in crypto or using it all to but essential items in this crisis even the value is very low. Fiat is more important now than anything else for most of people, yes the rich ones can do that thing but not the most of us, life and safety are more valuable than any amount of money that you can possibly profit in the future.

Adreman23

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Quote from: Stanlo on March 21, 2020, 01:52:52 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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

cahbagus555

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Quote from: Stanlo on March 21, 2020, 01:52:52 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

Agree, the banking system only makes the crisis worse because of carelessness and also always makes the inflation rate continue to rise. With bitcoin or cryptocurrency, I think the value of our assets is not eroded by inflation and also the liquidity of the cryptocurrency market is already very large

nikki4

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Quote from: Stanlo on March 21, 2020, 01:52:52 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

For your own money freedom, cryptocurrency is the perfect. For coronavirus effected cryptocurrency is in the almost bottom. Although same ways financial crisis won't repeat again. Coronavirus effect can't go future because all connection was closed.

vermigerous

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Many are afraid with the current crypto situation. For me, its only a matter of conflict with this crisis time and the crypto got lame. I don't think of any possibilities for the banks to be close since there is no problem on fiat currencies.

Twinkledoe

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Quote from: tabas on March 21, 2020, 08:24:12 PM

At least we're on the bitcoin forum and we all knew about that. But those that are not in this forum are not aware of this possibility. They keep on telling cash is king and then what happens if their money on the banks will be frozen due to the control of influx by the depositors when they start withdrawing funds.

But not all crypto users can afford to buy more bitcoin or other alts. Some need to cash out their crypto in order to address their basic necessities. But yeah. at least we are in this forum and we will be getting some strategies on how to earn money while we are in this situation. Fiat currency is not safe anymore as they can be the source of virus when it is being transferred from one person to another. So we need to be cautious also with our fiat money.

tabas

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At least we're on the bitcoin forum and we all knew about that. But those that are not in this forum are not aware of this possibility. They keep on telling cash is king and then what happens if their money on the banks will be frozen due to the control of influx by the depositors when they start withdrawing funds.

fortunecrypto

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Quote from: Stanlo on March 21, 2020, 01:52:52 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 scenario of what happen in 2008 could happen again but the good thing is we have the Cryptocurrency as an option in 2008 there was no option like this,stocks are falling and having a hard time recovering but so far Crypto market is recovering fast and it looks stable now.

Topic: Advice to everyone today - page 9. (Read 1313 times)