Topic: The world is not doing well - page 4. (Read 1453 times)

let  the world economy suffer but the crypto economy must recover fast 

while the whole is in this situation the crypto market is showing small recovery and good health in means of trading , Bitcoin is now at least staying at 17k while others are also in small greens.

I will maintain my holding instead of selling at risk this time and this is also what we must all do now.

There's nothing to worry about, this condition has happened before. Bitcoin is collapsing, but that won't make it disappear from circulation because currently it still holds the record as one of the coins with the largest market capitalization. The recovery phase is coming soon, those who don't like Bitcoin will feel ashamed for having underestimated Bitcoin.
Almost 70% of us who join this forum like Bitcoin, they are never worried about the current conditions because Bitcoin will return to its highest price like what happened in October 2021.
 

Volatility in cryptocurrency is such a common thing that everyone knows. But when the global situation is stopped due to epidemics and wars, this industry will also declining stage. This will also be taken very easily in the language of economics. Just as we see a bearish after a bullish and naturally expect a bullish after a bearish. Global politics and the collapse of some major cryptocurrency projects have prolonged the bearish situation of this platform, which may take time to bounce back. This requires everyone's concentration and courage.

I think the dollar exchange rate has nothing to do with the price of bitcoin. We have seen in the Corona Pandemic that Bitcoin was at its peak when the world economy was on the verge of destruction. It has nothing effect on the dollar rate. Basically, when investors regain confidence in investing, Bitcoin will also return to that position.

Beyond the story you've ever invested in Forex. Maybe we still remember when the supply of gas from Russia to Europe became one of the factors that caused currency competition.
Therefore, all steps need to be carried out so that all hopes can come true. We will not argue that the Bitcoin system is much better than the fiat currency system.

If cryptocurrencies are considered as an alternative solution, I don't think it's time yet.

Yep, indeed the influence of the dollar is very dominant among global currencies, many countries use dollars as their country's foreign exchange so the circulation of dollars is needed, but now many countries are starting to switch away from the dollar and limit themselves from western hegemony. Now many countries use their currency as a means of import and export transactions.
maybe because of that, inflation in the United States was so high, because many countries started issuing dollars as foreign exchange. and finally forcing the Fed to raise interest rates to attract too many dollars circulating in society.

Talking about crypto as the currency of choice will be very difficult in my opinion, its fluctuating prices make it difficult to determine the price of goods unless you only use the technology or the crypto network, to speed up and simplify transactions and reduce admin costs.

I have invested in forex, if I remember correctly, there was a time when the value of the Euro was even lower than the value of USD, 1Euro=0.9xUSD. This year has to be said to be the worst year for EU countries as well as the British pound is also falling into a similar situation., the currency war never ends.

Besides not being widely accepted in the community, it is important to note that the value of cryptocurrencies or bitcoins is measured in monetary units, they are not independent but still dependent on fiat, so that's not the solution.

Dollar strengthened vs a weak Yen and EURO sitting on the edge of a major battlefield with the loss of a large section of its energy.  Thats quite some incentive for a swing to a dollar but it doesn't exactly make Dollar strong only that we have a withdrawal in risk appetite.  The BTC price right now is with the tide full out and speculators gone you just have a base price, its disappointing for some but this background to pricing was always there and much lower then the headline grabbing prices.  Its not quite as bearish as some might presume, theres always more then one price to consider imo

That's right, one day the world's economy will definitely recover and at the same time the crypto market conditions will also recover. there is no other choice but to continue to survive and continue to increase the amount of investment. if you give up you will regret it when crypto market conditions recover and the bitcoin price reaches a new ATH which is much higher than before.

Ignore people who don't like bitcoin, it will only make it more difficult for you to grow your investment. Bitcoin is in a correction cycle which means a great opportunity to enter the market and a gradual purchase target, even I personally am very excited about the current market conditions so that I can increase my investment, because if purchases are made at times like now, then the number of bitcoins is getting bigger to own, today the bitcoin price is around $17K, accumulation up to $20K still provides the best opportunity to enter the market.

In this context I do not agree to associate bitcoin with the world that is not good, because the concept of bitcoin does not enter into this problem.
However, it is true that the relationship between fiat continues to depreciate due to recession and inflation. The world economy is on the verge of panic, so that the value of fiat currency will be eroded to the lowest point and will have no bargaining value in the law of supply. Therefore, investing in fiat currency will have the same impact on preserving value in the future. The right solution is Bitcoin, while further explanation can be found in the Bitcoin journey cycle.

This advice will continue to be spoiled, I'm afraid people will not be able to reach a solution, direct involvement in Bitcoin investment is far more important than the advice people are trying to give. Because real learning, when they are ready to accept the risks of the decisions they make.

the world may not be doing good but the crypto market is still showing strength to make us believe of its capacity as we can check the market and see that this December the price stables at 16-17k.
this means we are not dumping any moment now right?

The solution you offer may look very ideal, but because until now almost all goods and services have been measured in USD by everyone, it will be a little more difficult to get rid of because it has become a habit even though everyone can measure it by eye their respective country's currency or with the currency of the country they are currently occupying. The point is the idealism that has been built by the USA has been very widespread throughout the world until now.

I agree, it will still be the USD that will be used as the main currency worldwide. Bitcoin or other crypto are very volatile and this is not good for business or for trading.

We like for bitcoin to be the main currency, but it won't be that way and on the other hand it could be bad as well.

But as far as being accepted and becoming mainstream? why not? we can used it whatever we want, just like money or as an asset that will depreciate over time. But asking to be a world currency will not sit right to those who are in power right now.

The whole world is trading with the USD, from crude oil to commodities such as coffee or wheat. As long as it's the main means of trading, it'll remain the strongest fiat currency. I always believed that Bitcoin could be an alternative means of payment as well as an asset, but could it actually be used for worldwide trade? Bitcoin is volatile; how would the oil industry, for example, depend on it? Strong fiat currencies such as the Euro, USD, Pound, or Swiss franc, on the other hand, are relatively stable.

Being alternate currency is completely different from dependence with USD. Currency war will never end until countries will have their own production to reduce importing. Cryptocurrencies will help countries to have alternate for USD and bitcoin may help countries and individuals with its attractive ROI but currency war will continue if you replace USD with any of cryptocurrency.

The current scenario in all world economies is due to hyper inflation after consequences of pandemic and lockdown situations because the currency war is not new to any nation's economy and for cryptocurrencies. Recession might help cryptocurrencies to boom but investors might need to remain open to more investments even in hyper inflation.

I don't understand, what you mean by currencies war?

US dollar remain as the medium of exchange, although there was an attempt by Russian and Chinese Yuan to be one of the alternatives, I don't think it has enough push especially with the war ongoing and then China also suffering due to Covid-19.

Crypto or at least bitcoin has remain to be the next best alternative for fiat, it is censor resistant, borderless with no central authority. So it is slowly getting into mainstream and maybe in the next 5-10 years we will be there.

The government still wants to be the controller. Currency competition remains and will continue to occur with various scenarios that will emerge. We can see for ourselves how the dollar exchange rate compares to the euro currency. There was even news in July that the two types of currency were equivalent to the exchange rate.

I would not say if the acceptance of cryptocurrency as an alternative solution. There are still many things that need to be studied because there are still many who cannot accept cryptocurrency among the grassroots.

Currencies war will continue to occur and countries that have strength like the USA will be able to become winners, this is what makes many countries depending on USD and easy to control their economy, the best solution to reduce dependence with one currency is to receive cryptocurrencies as an alternative currency.

The world will not be ours if we do not try to have this world we want. For the problem of the world's situation that is not okay, I think it has become a very common thing because in this world every day there are always different problems to be solved so there is no need to panic about the world's situation like now because this world is always full of problems.

The point you want to say is that some people's patience has begun to wane and that I think is a very natural thing because everyone's patience is not always the same and maybe they have also been patient for a full year to see improvement, but they still haven't got it at this time.

Why is thinking about potential losses and scams important for investors? Will thinking about losses and scams increase the confidence and enthusiasm of investors in investing? Because personally, if I constantly think about losses and scams, it will make my investment enthusiasm decrease and I tend not to do it again.

And before they decide to invest, investors will always calculate how big the risk is and how to reduce the risk of losing money from that investment. By calculating everything carefully, investors also know when to buy the investment; in this case, they want to increase their bitcoin amount. So they will wait for the bitcoin price to drop first and then place a purchase order and they do it in stages and not immediately all-in. And as investors, we also have to know when to buy, when to hold bitcoin, and when to sell and more importantly, we shouldn't panic.

Maybe you are right but for me, I invest in Bitcoin because it was not a scam and I believe it gives me profit when the time has come. I know losses can be possible in a volatile market but that only happen if you sell your coins at a low price. Besides, we have the option not to sell them low but to wait for the price to move high. However, most of us can't wait, most of us are impatient which leads to that way of losing, instead of making a profit.

Real investors know what is best for them, losses are just for those investors who always think negatively. In fact, we can find a way to avoid losing ( or at least minimize it).