People lose Faith and Hope for banking and tradional markets - page 3.

chaser15

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

As an investor, will you just watch your funds falls into the ground? Of course, NO. So you will think of a way how to recover and that's why they shift into crypto. But don't be hasty to think that investors lose faith in stocks or gold. That's why they called investors in the first place because if there's an opportunity to earn, they will try it no matter what.

Give at least, 2-3 years then these investors will shift back again on stocks because they are used to it.

And didn't you know that the crash happened in stocks is a blessing for others that want to make an entry? Basically, stocks are still on hype. I don't know where on news, articles, proofs, evidence you got that idea.

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Yes, it is true, there is no denying that many people have lost hope and are also annoyed with the banking system in their country. However, what we can do is not much. The fact is, even though we have tried to circumvent the banking system, we still cannot completely.

especially for some people in certain countries, banks, and traditional markets play a very important role in life. And they cannot be replaced by anything so far. There are still many people who are not aware of the crypto world and they are still doing what they are used to. And regulations in each country are different where sometimes we cannot freely enter the world of crypto. Crypto is sometimes legal as a digital asset but not a means of payment. And the worst thing when dealing with banks is related to bank loans, it's killing people. But the problem is, most people still can't get away from it.

As for the gold itself, many of them still believe in investing in gold and will continue to do so. And this is normal.
But here is the challenging side that we have to face how we fight the flow slowly, not completely. However, we can try to at least further reduce the link with the bank.

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OP's pointers are clear self-speculation and a product of his own view.

I'm not against at your own view but don't make it as general and tells everyone here that's the real case happening in the world right now.

Lose faith in stocks? Someday these stocks will back again on their usual track. No way they will just remain like that for years. There's a pandemic, not an economic-related crash, so it's reasonable that stock investors are losing. As for banking, it will never be replaced. I mean why should they be replaced by crypto if they can both work together instead?

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Strong evidence that BTC Will hit to 100k+ In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

LOL

DoublerHunter

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

^ That's not how work bud. Life doesn't work that way. I am an optimistic person. But I learned a lot of things during my entire life. Been there and done that. And I would suggest to you not to expect for our beloved crypto-currency would grow that quick and have the bull run so we can dump or liquidate our assets. That's not how it would work bud.
Believe me, it is quite good if we have alternate to cryptocurrency not only just focus on it. Besides, you can have these both cryptocuurencies and stock markets if you bcan afford to invest.

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Quote from: avikz on October 05, 2020, 11:10:44 AM

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Nah, this is just an another own opinion basing off on what he do look about Bitcoin which its actually too unrealistic to happen.Yes, we do have all those pro's but we shouldnt forget about its limitation
due to its main characteristics.Bitcoin is decentralized which is totally opposing the government, it isnt regulated nor legalized, it isnt globally scaled adopted and the most common thing is that
its volatile. Imagine on switching up to a currency which do had very volatile movement? Does it really fit on what fiat been doing for generations? We can hope that high but it should be
at least on the realistic side of things.

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It is not that people are losing their faith towards banking and traditional markets, it is just that people are seeking for alternative ways to earn more money because the stock market is directly hit by the effect of pandemic making it suffer. The reason why people are withdrawing or taking out their money from banks is because they need it for a lot more important things that is essential for survival for cash is needed to purchase or provide those stuffs. People are also finding no reason to put their money in banks right now for they are still in need of having cash on hand or if ever digital money on their devices to avoid going into banks where potential spread of virus can be seen.

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

Where is the evidence you were talking about? Also it is impossible for Bitcoin to reach such peak price of it in just a short period of time. Maybe you were over reacting and exaggerating what is happening right now. Yes there is a positive flow in the price of Bitcoin but still that does not guarantee that it could reach 100k (you haven't mentioned the currency) in just a short period of time.

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Quote from: avikz on October 05, 2020, 11:10:44 AM

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Yes. Banking and traditional markets will never be replace easily by this new innovation the blockchain technology. Bitcoin has really gained some of the trust of the people especially with this pandemic times but that doesn't mean that the old and traditional banking transactions will not exist anymore. Majority of the people still prefer with the old system even if millenials have shifted their choice of old banking system into bitcoin.

wack slacker

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I'm just assuming you're speculating and if it happens when the banking system collapses on a large scale. I believe the banks now have more money to handle their funds.
In our country, banks encourage people to borrow capital for economic development.
Bitcoin can go up fast, but in a week or a month that looks ridiculous, they may take longer to reach the $ 100k mark.

avikz

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Polo7

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Quote from: Coyster on October 04, 2020, 04:40:02 PM

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Stock prices are going high, even now that the economy is down cause of covid-19 pandemic, and even as people are investing in btc, they are doing same in the stock market, and for Gold, it's more stable that most assets and is preferable to hedge against inflation/devaluation.

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

Our new Banks Will be Cryptocurrency Exchangers like binance!

That is not true. Cryptocurrency investors have the responsibility to 'be their own banks' and not let exchanges do that, you should not store your coins on custodial wallets. Exchanges will never be 'banks' in this network, at least for users who understand how to store their coins safely.

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Bad situation and Now People want to Get on BTC Before its too late.

'FOMO is bad strategy' Roll Eyes

.

Cryptocurrency Exchangers are the ones who is motivated to keep our money in safe!
Otherwise People take a money out of there!
So yes They are our Banks!!
New generation banks
Cryptocurrency Exchangers fully recover all the losses!!
If anyone Will complain about cryptocurrency Exchanger stolen funds its a red Alert for all cryptocurrency generally When People Don't trust They just Go away from cryptocurrency Right Now its safe no problems!!

So cryptocurrency must be secure our wealth Very seriously wich They do it

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Stock prices are going high, even now that the economy is down cause of covid-19 pandemic, and even as people are investing in btc, they are doing same in the stock market, and for Gold, it's more stable that most assets and is preferable to hedge against inflation/devaluation.

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

Our new Banks Will be Cryptocurrency Exchangers like binance!

That is not true. Cryptocurrency investors have the responsibility to 'be their own banks' and not let exchanges do that, you should not store your coins on custodial wallets. Exchanges will never be 'banks' in this network, at least for users who understand how to store their coins safely.

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Bad situation and Now People want to Get on BTC Before its too late.

'FOMO is bad strategy' Roll Eyes

.

Polo7

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Quote from: cryptoaddictchie on October 04, 2020, 10:06:24 AM

Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

Its not that I am pessimistic but banking will never be abolish. People will always seek turns to these traditional methods. Yes we love the innovation blockchain did but bitcoin reaching 100k is still a hype by any means. Its quite absurd to mentioned that there is an evidence already for this. I will be willing to see it reaches there but for the sake of trading, I would say anything yet cause prediction is always a guessing game that needs to be seen or at least proven.

Stock investors taking out stocks and invest in Cryptocurrency Now

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

Its not that I am pessimistic but banking will never be abolish. People will always seek turns to these traditional methods. Yes we love the innovation blockchain did but bitcoin reaching 100k is still a hype by any means. Its quite absurd to mentioned that there is an evidence already for this. I will be willing to see it reaches there but for the sake of trading, I would say anything yet cause prediction is always a guessing game that needs to be seen or at least proven.

Gozie51

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Quote from: Polo7 on October 04, 2020, 08:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

Like you mean this you said. You make this a joke to me. Bitcoin getting that high in a week? You are a joke.
This post doesn't require attention if you don't provide the link to get a good brief or analysis for it.

Polo7

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People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Topic: People lose Faith and Hope for banking and tradional markets - page 3. (Read 452 times)