Brace yourselfs , the economic earthquake is coming ... - page 3.

AniviaBtc

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First 100% Liquid Stablecoin Backed by Gold

Quote from: Finestream on July 25, 2020, 06:24:44 PM

I wish people will realize that crypto is always here to save them.

It's just good to see that a crypto once criticize but we smash them in the face as in times of crisis, crypto is stable and we stand out.

Long live crypto but I'm hoping the economy will recover.

How can we achieve that thing? People are not even knowledgeable about bitcoin and the market. Especially in this time of crisis that they need something where they can secure their money and earn profits. Cryptocurrency is stable right now, but we should not settle with that because they are volatile and changes can occur. Some countries do not still engage with the use of crypto even if it has a potential to lessen the suffering of most of the economy. But what can we do if they don't see the importance and benefits of bitcoin, as long as we are believing on crypto, we should also don't stop on spreading positivity towards cryptocurrency and economy.

Argoo

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Quote from: TrevorS on July 25, 2020, 06:27:35 PM

Quote from: Nellayar on July 25, 2020, 06:18:33 PM

Quote from: TrevorS on July 25, 2020, 05:53:11 PM

Good that we had crypto Cheesy

I am not yet familiar with forex trading because I only trade in cryptocurrency exchanges. But it sad to say that most of the stocks in USA are experiencing the economic recession. However, in cryptocurrency almost all coins are fluctuating since yesterday. A big pump for bitcoin and ethereum. Maybe, it will continue to rise on the following months as a preparation for bull run 2021 or it will also follows what is happening to the stocks right now. This is the good thing that we all know the different kinds of trading, because we can adjust ourselves to the stocks or coins which good to buy.

To be honest, this scenario is unlikely. During the fall in markets during the pandemic, cryptocurrency followed. I would not hope that the current growth will continue despite the fall of the classic markets.
Rather, on the contrary, everyone will wait for a bull run and rejoice that the cryptocurrency is holding up well, and then everything will collapse again. The same scenario every time.

The fall in the price of cryptocurrency was only in the initial period of the appearance of the coronavirus, when people urgently needed money to prepare for the upcoming quarantine restrictions. In the future, the price of the cryptocurrency grew constantly until it recovered almost at the same level.
The collapse of the world economy will lead to a global economic crisis and large inflation of conventional currencies. Under these conditions, a decentralized cryptocurrency should show itself as a currency that is not subject to normal inflation. On the contrary, people will invest in cryptocurrency to save their money from inflation.
In this regard, the economic crisis can become a powerful impetus for the rise of the cryptocurrency market.

ashmodeus

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Activity: 1638

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Well , according to many speculan, tomorrow will be the final test for crypto , eventhough we see this week crypto seems moving foward leaving the stocks behind, its still not enough to say we on bullish moment right now,so get ready for the monday.

Reid

hero member

Activity: 2912

Merit: 642

Damn, it's bloody.

I had been thinking lately.
Are we in the cryptocurrency industry safe from all of this?
Options:
1. Are those who will pull out their stock investment and other commodities going to switch to crypto and will start a new pump?
2. Those who are invested in both being scared will pull out everything including the investment in cryptocurrencies?

Where is the safest before everything falls?

livingfree

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Activity: 2884

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: rodskee on July 26, 2020, 07:21:36 AM

Quote from: livingfree on July 26, 2020, 06:02:00 AM

It seems that crypto market and the stocks didn't go along well this time. Money from the stocks just came into cryptocurrency.

It seems to be like that as there's flowing money around crypto
right now and its really nice.

Nice as it is but I don't want to overjoy on this.

Quote from: rodskee on July 26, 2020, 07:21:36 AM

Quote from: livingfree on July 26, 2020, 06:02:00 AM

Does anyone noticed that the past months, stocks and crypto were always going along with the same side but this time it didn't.

There's a lots of pressures coming from the fears of stock traders due
to this pandemic, its really
being felt all around the stocks, while inside crypo where speculation
really taking place.

We saw that they seem to be stable a couple of months ago and it's just this time that we've seen they're on the red again after the oil goes to negative.

Quote from: rodskee on July 26, 2020, 07:21:36 AM

Quote from: livingfree on July 26, 2020, 06:02:00 AM

I'm starting to be scared once this pumping is done, money will come out to crypto and shall go to stocks.

Hahaha, better to ride carefully and take advantages of every opportunities
that comes your way,.

Yes, I might sell on this level.

rodskee

full member

Activity: 2408

Merit: 202

Quote from: livingfree on July 26, 2020, 06:02:00 AM

It seems that crypto market and the stocks didn't go along well this time. Money from the stocks just came into cryptocurrency.

It seems to be like that as there's flowing money around crypto
right now and its really nice.

Quote from: livingfree on July 26, 2020, 06:02:00 AM

Does anyone noticed that the past months, stocks and crypto were always going along with the same side but this time it didn't.

There's a lots of pressures coming from the fears of stock traders due
to this pandemic, its really
being felt all around the stocks, while inside crypo where speculation
really taking place.

Quote from: livingfree on July 26, 2020, 06:02:00 AM

I'm starting to be scared once this pumping is done, money will come out to crypto and shall go to stocks.

Hahaha, better to ride carefully and take advantages of every opportunities
that comes your way,.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Stocks market suffered big losses and even those big names can't escape the disaster to come.

We have this huge dump, stock market crisis but I'd never think that they have to come to an end. But above all, it is unlikely to see how the crypto market sustains from such a huge market fall, in fact, we even stood still at high more than those bearish days we have last year. I'm not sure how encouraging the big investors to look after crypto investment but I'm happy to see them and welcoming them in the crypto world. Embracing crypto is one way to help them out from losing it all and I hope, people will realize it earlier.

maydna

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I don't know what will happen with the stock, but if the stock market crashes and going down too deep, I hope the crypto will not follow the stock because right now, I think the crypto market is still trying to rise. If you are still playing with the stock market, you need to know when to get out of the market before the situation is worse, so you can save your money before it's too late.

If the stock market is crashing, we will see many people move to the crypto market because they want to make money from other sources. If that happens, we will see the adoption will come soon, and the crypto market will become popular among them, and who knows, they can invite more people or friends to join with them.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Mauser on July 26, 2020, 04:11:12 AM

One good way to minize your loses during financial crisis is diversification. Don't put all your eggs into one basket. Most people here on the forum are probably already heavily invested in crypto currencies. I would not be selling any at the moment. Better to sell than some good performing bonds at the moment. In my opinion crypto and precious metals will always outperform in a crisis.

But we also don't know how the long term effects of corona are going to look out. In Europe where most of the look downs where eased on July, the economies preformed like on levels before the crisis. Maybe it won't be so bad in the end and we will see a quick recovery.

We may see the aftermath at the end of this year as a lot of countries are still in strict covid protocol. But as an investor, we should always practice the simple motto of investment, which you mentioned here = " Don't put all your eggs into one basket". And yes, don't forget to invest in tangible properties like real estate and you can add also precious metals if you have the capability.

livingfree

hero member

Activity: 2884

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Hire Bitcointalk Camp. Manager @ r7promotions.com

It seems that crypto market and the stocks didn't go along well this time. Money from the stocks just came into cryptocurrency.

Does anyone noticed that the past months, stocks and crypto were always going along with the same side but this time it didn't. I'm starting to be scared once this pumping is done, money will come out to crypto and shall go to stocks.

exstasie

legendary

Activity: 1806

Merit: 1521

The major indices are down a couple percent over a couple days time, and the bears are acting like it's 1929. Classic! Grin

I'd like to see the S&P 500 breach its weekly low in the 3,120s before reading anything into this tiny dip.....

Mauser

hero member

Activity: 1694

Merit: 516

One good way to minize your loses during financial crisis is diversification. Don't put all your eggs into one basket. Most people here on the forum are probably already heavily invested in crypto currencies. I would not be selling any at the moment. Better to sell than some good performing bonds at the moment. In my opinion crypto and precious metals will always outperform in a crisis.

But we also don't know how the long term effects of corona are going to look out. In Europe where most of the look downs where eased on July, the economies preformed like on levels before the crisis. Maybe it won't be so bad in the end and we will see a quick recovery.

Leviathan.007

hero member

Activity: 1694

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Leading Crypto Sports Betting & Casino Platform

That's the moment when people realize crypto currency can save them from such crisis. The stock markets are getting feed by fiat and due to flood money printing by the governments and over feeding the markets this happened. Due to the recent Covid-19 crisis many business are effected by the crisis, here if you check the stock markets and Forex, you will understand all the currencies and mostly usd and getting lose their price over metals mostly gold and solver. That's a great sign to the how the money is losing it price over the time and specially during the crisis.

davis196

hero member

Activity: 3094

Merit: 929

Quote from: Nellayar on July 25, 2020, 06:18:33 PM

Quote from: TrevorS on July 25, 2020, 05:53:11 PM

Good that we had crypto Cheesy

I am not yet familiar with forex trading because I only trade in cryptocurrency exchanges. But it sad to say that most of the stocks in USA are experiencing the economic recession. However, in cryptocurrency almost all coins are fluctuating since yesterday. A big pump for bitcoin and ethereum. Maybe, it will continue to rise on the following months as a preparation for bull run 2021 or it will also follows what is happening to the stocks right now. This is the good thing that we all know the different kinds of trading, because we can adjust ourselves to the stocks or coins which good to buy.

Most of the stocks in USA were overpriced anyway,due to the massive money printing and flooding the markets with fresh money by the Federal reserve system.A price crash and an upcoming bearish trend on the US stock markets might actually be healthy for the US economy. Grin

The cryptocurrency markets were "sleeping" for the last month,but now they are waking up slowly.The Bitcoin price increased from 9.1K to 9.6K USD,which isn't that much.I guess that some whales started pumping the price.

Savemore

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Activity: 952

Merit: 274

Actually there will be a retrace that will happen so we should be prepare. Most of the indices especially in the U.S. are keep making all time high like NASDQ but it seems that it reached its peak and there will be pullback that will happen. If there will be a massive pullback, expect that there will be also effect not only in the local markets but also in cryptocurrency market because it will create fear among investors where they want cash rather than position in the market.

alani123

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Leading Crypto Sports Betting & Casino Platform

Quote from: jackg on July 25, 2020, 07:00:59 PM

We price in a recession for years after its happened. The extent of the financial crisis can still be felt by some and by the wider economy afaik.

It might take up to 3 years to fully determine the immediate costs of the pandemic. A large percentage of the population have no savings and will be dealt an immediate blow, potentially around 20% will be able to cover expenses for a year and may keep spending as they normally do in the assumption they get a job by next year (and a majority may do) but the minority of everyone might see a large impact. Although a lot of the time, crashes and recessions hit the poorest in society and theyre not normally reflected on. It'd be interesting if some picture were drawn up once we're back into the boom after this (in around 5 years potentially) of what individuals pf every skillet and job/social class was analysed.

It's important to note however that the current economic crisis was entirely predictable. When economists heard of a global pandemic with a disease that spreads like crazy, they knew what was coming. It's the very reason the US broke past precedent by printing money on direct orders for the government. Some say more money might be needed in the US even already. And if such need exists at this point it'll probably be filled by the treasury. There are some interesting takes on the effectiveness of this approach.

Quote

That was a legitimate concern: Financial historians often point to disastrous periods when a central bank printed money for the government to pay its debts. A common example is Weimar Germany, when the central bank churned out banknotes that allowed the fragile government to repay onerous World War I reparations with essentially worthless marks, impoverishing most of the country in the process.

But at other times, the idea has worked just fine: Japan’s central bank has been buying huge chunks of the government’s bonds — effectively financing the central government of the world’s third-largest economy for years — without triggering the kind of inflation that traditional economic views would expect.

Adherents of M.M.T. have long argued that the United States can — and probably should — run much larger budget deficits than it did already. In recent years, this belief has been most often associated with left-leaning politicians such as Mr. Sanders and Representative Alexandria Ocasio-Cortez of New York.

https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

Also interesting article:
Should the government keep running up debt to get us out of the crisis? Overwhelmingly, economists say yes

In my view, economists are now more than ever reaching a consensus that austerity might have been the wrong path to follow at times of crisis. Views on monetary policy seem to change also. And this time it probably won't take as long for us to discover if the plan worked or not. After there's a vaccine widely deployed, we can pick up our notebooks and churn out the numbers.

jackg

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Activity: 2856

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https://bit.ly/387FXHi lightning theory

Quote from: alani123 on July 25, 2020, 06:33:24 PM

Hard to say that crypto will come out as a winner from this... Coronavirus' impact on the economy hasn't really been assessed yet. Government will have to look at the end of the year to look at the total impact. The goal also was to try and circumvent any direct impact by issuing loans and bonds to businesses, as well as cash to individuals even before there had been an assessment.

There's also less money flowing around in general due to the economic crisis. The economy will shrink, question is how much. But until then I doubt we could consider crypto a winner. The win is that so far there wasn't a considerable crash, but the positive moves for some altcoins are probably just short term wins and speculation other than anything else.

We price in a recession for years after its happened. The extent of the financial crisis can still be felt by some and by the wider economy afaik.

It might take up to 3 years to fully determine the immediate costs of the pandemic. A large percentage of the population have no savings and will be dealt an immediate blow, potentially around 20% will be able to cover expenses for a year and may keep spending as they normally do in the assumption they get a job by next year (and a majority may do) but the minority of everyone might see a large impact. Although a lot of the time, crashes and recessions hit the poorest in society and theyre not normally reflected on. It'd be interesting if some picture were drawn up once we're back into the boom after this (in around 5 years potentially) of what individuals pf every skillet and job/social class was analysed.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Hard to say that crypto will come out as a winner from this... Coronavirus' impact on the economy hasn't really been assessed yet. Government will have to look at the end of the year to look at the total impact. The goal also was to try and circumvent any direct impact by issuing loans and bonds to businesses, as well as cash to individuals even before there had been an assessment.

There's also less money flowing around in general due to the economic crisis. The economy will shrink, question is how much. But until then I doubt we could consider crypto a winner. The win is that so far there wasn't a considerable crash, but the positive moves for some altcoins are probably just short term wins and speculation other than anything else.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

The loss between Germany:UK is kinda interesting... Germany faced a higher fall somehow, potentially due to aviation and automobile industries but it still looks like a weird divergence..

TrevorS

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Quote from: Nellayar on July 25, 2020, 06:18:33 PM

Quote from: TrevorS on July 25, 2020, 05:53:11 PM

Good that we had crypto Cheesy

I am not yet familiar with forex trading because I only trade in cryptocurrency exchanges. But it sad to say that most of the stocks in USA are experiencing the economic recession. However, in cryptocurrency almost all coins are fluctuating since yesterday. A big pump for bitcoin and ethereum. Maybe, it will continue to rise on the following months as a preparation for bull run 2021 or it will also follows what is happening to the stocks right now. This is the good thing that we all know the different kinds of trading, because we can adjust ourselves to the stocks or coins which good to buy.

To be honest, this scenario is unlikely. During the fall in markets during the pandemic, cryptocurrency followed. I would not hope that the current growth will continue despite the fall of the classic markets.
Rather, on the contrary, everyone will wait for a bull run and rejoice that the cryptocurrency is holding up well, and then everything will collapse again. The same scenario every time.

Topic: Brace yourselfs , the economic earthquake is coming ... - page 3. (Read 677 times)