Becouse the strongest covid restrictions are in places where debt is highest. But the government had to hide this otherwise If they would telling the truth the more panic would occured!! The covid smoke and mirrors is not bad idea  The rulers who run world are smart like me So, the country with the world's largest external debt, the United States, has the strictest lockdown measures? Keep in mind that US had the least measures and for that reason has the most cases and most deaths also. Which also increased their debt now. Seems to me like you've got things exactly backwards... It seems that the OP is right, because the US is the country with the most foreign debt, but the problem is that they are not doing serious things to deal with this pandemic, or have the government made maximum efforts but its citizens are not obeying protocol and regulations. we just hope this case is fleeting because it concerns the whole world. |
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maybe one of the reasons you mentioned above could be the cause, if the economy continues to weaken and investment in other fields has decreased, maybe investors will put their money in crypto and make a sizeable growth in value.
hmm 100k $ I don't think it's impossible.maybe people in 2010 weren't sure that bitcoin could even touch 1k $ but the fact is it happened, it's crypto and anything can happen here even if it looks impossible.
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I also think so, in the beginning bitcoin was doubtful but now people are competing to own bitcoin because it is a quite attractive investment, in addition to a limited number of long-term goals of bitcoin as a payment, with a limited supply it will make the price rise every year. some also use it for day trading.  |
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Sure . For not missed the good moment , We must buy every dip of bitcoin. Because the trend of bull run will coming soon.
The adoption of cryptocurrency will more big in the future. This is best moment to collect bitcoin.
Bitcoin price has fallen a bit and now it is at 11350$. So before again it bounces back to 12k level and those who want to make some profits, it is good time to do it now. Buy some at this price range before again some of them miss it and later will say it is already high and awaiting of the price dip. On falls it is always a good time to keep buying it. but still the price will continue to rise, the meaning of the OP sentence is to buy bitcoin as fast as you can, for example you have a little money then buy and wait for a few years because it will be good for the long term, don't look at the daily price because it will make you uneasy. |
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The market isn't able to keep up the resistance above $12000. The price right now has fallen low to $12000, and upon this I believe bitcoin to have high stability above $11000. Maybe through this week we can see the price of bitcoin to fluctuate between $11800 - $12500. Altcoins in the top order hasn't pumped high. Every year end there'll good increase in the price of bitcoin. Upon the same there is high chance of reaching $15000 or above.
I agree, this week bitcoin is in the resistance 11000 -11800. not sure if it will last long, some say it will fall deeper if the market situation does not improve. but what I see will continue to survive or will go back up to 12000+. |
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how will you react if you're one of us staying on the same country...
If you have any money left then start buying gold or cryptos because the value of fiat is going to get a big hit if the economy falls rapidly.And try to create your own job opportunities don't wait for the government to do it for you which will be really helpful with tacking the unemployment. But this is not only the issue of Philippines, almost every developing and developed country are into that situation. at least in developed countries the development and prevention of this epidemic will be easier than developing, because the production of infrastructure, and others are already developed from developing countries, the unemployment rate is low, corruption may be only a little, and it is inversely proportional to developing countries. There is no difference with developed and developing countries when it comes to the pandemic, USA one of the most developed country is also ranging in the top of number of people got infected but the difference comes in the recovery phase if it is developed country and overwhelming with wealth then they can spend lot money for that process which may be lacking in the developing countries. but I also wonder why in a developed country like USA can have the most cases in the world considering America is a very strong power country of course, the medical facilities and treatment should be good, but this seems to doubt that they are a developed country, with as many cases whether the role of the government there is not optimal or is there a special reason behind the many cases in the country. |
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It is good to see the bitcoin price almost touch $12k again, although the price is at $11,800, and the price is still trying to break $11,900. Once the price can break at that price, we can hope that the price can still increase and break $12k. We can expect that the price will touch $12k this month, so in the next month, the price can break surge to another higher price.
well, it's only a matter of time until the bitcoin price hits a whopping $ 12k. Unfortunately, it's pretty hard to wait for an increase that's even less than the current $ 300. however, I check bitcoin prices all the time to see it hit $ 12k. I quite believe that the price of bitcoin can exceed that price for this year. It's already touching $12k, and the price still gets a green candle in the market. I guess that this week can be a good week for bitcoin to rise more than last week. But we need to be careful and aware because if the support is not too strong, the price can get dump again. We can enjoy this time by selling some bitcoin while the price can rise to $12k because this is the new ATH for this week. I think the new ATH will happen if the next bubble appears it could be this year, next year or a few years. The most important thing is that we know that the volume in the market every year continues to grow, even CEO Binance said this year is a larger volume than 2017 in its market, maybe this gives a good picture of future market conditions. |
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It can as well be different in the opposite way. There's more people but also more holders who bought Bitcoin in the longest bear market in history.
I hold my coins and I'm bullish but let's not forget that if all those people who bought for sub 10 thousand think of 20 -25 thousand as their target we may never go very far.
The big bubble that used to be 5-10x can this time be only 1 -1,5x and this will make it dramatically different. The next bubble in 5 or more years can only be 0.5x and so on. It still won't be bad because imagine going 0.5x from 40 thousand dollars. That would still leave us at 60 which is a great price. I wouldn't wait for 100 or 200 thousand dollar bitcoin though.
So you think the next bubble will continue to shrink from the previous bubble, I think it will get bigger because the economy will continue to grow, inflation will continue to increase so that the value of an item whose quantity is fixed and does not increase will continue to rise in my opinion. |
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100k might be reached someday, but not this fast, although no one knows the exact time, people also did not think at first when bitcoin ballooned in 2017, that's where other speculation arises about the next price hike, take it easy we will see it in The last 10 years maybe.
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they won't help if they don't get the profit otherwise crypto should have been legal.
maybe they are still looking for a way to fully or for the most part be able to manage it somehow.
I know that legalizing the crypto economy might help but it will be difficult because it is against their wishes.
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In terms of cryptocurrencies' power and decentralization in a country, they are not giving any control towards the financial aspect. They do not want to give up power on having Bitcoin or any other coin that they have no control over to be legalized.
Even if they say they are open to blockchain technology and it's application towards financial and other branches, they only do not like giving up control with their economic system. They are not taking that risk.
not only in one country but all of them, they all make regulations that are burdensome for crypto whatever it is, at least they have to give a little space if they really want to implement the rules they want, but no they reject it outright and I think crypto will survive. |
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how will you react if you're one of us staying on the same country...
If you have any money left then start buying gold or cryptos because the value of fiat is going to get a big hit if the economy falls rapidly.And try to create your own job opportunities don't wait for the government to do it for you which will be really helpful with tacking the unemployment. But this is not only the issue of Philippines, almost every developing and developed country are into that situation. at least in developed countries the development and prevention of this epidemic will be easier than developing, because the production of infrastructure, and others are already developed from developing countries, the unemployment rate is low, corruption may be only a little, and it is inversely proportional to developing countries. |
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it's really hard to tell it.. because of this pandemic.. we have a huge loss all over the world..many people died..most of the fronliners died..economy dies..people in the community slowly dies..virus spreading fastly.. government and medical professionals don't know how to eliminates this..so there's no winning here..hopefully we dont get to the point that everyone dies... we are in a helpless situation right now..
everyone will not die, even a greater pandemic in the previous year has occurred and an estimate of infecting 1/3 of the total population of the world and causing the death of 50 million people.while corona has only 24 million cases so far, and a temporary victim of 800 people, we don't know what will happen next but for sure they will think of a way to get out of here. |
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conditions in my country are still fairly reasonable unlike in your country, withdrawals do exist but naturally and banks are still working as usual, it's just that small and medium enterprises are the biggest affected here, gold is an investment from a long time ago, so it's no wonder people will put their money down there.
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I don't think so, if you look at the history of the country that first controlled the economy in the Dutch world with an organization called the VOC, I don't know what happened because I didn't read in detail but after that the market conditions were controlled by the US for a long time, even their currency was USD used as the value of the world currency, that's what we can see now if you are trading in forex, USD is almost in all currency pairs, but China seems to be showing its strength after almost dominating the entire market because their exports are so large, and also because this pandemic is profitable China which is rumored to have been free from corona while America is in the most terrible position.
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You are saying - it is not worth to use bitcoin, use fiats that are infltionary. I'm saying sell you shitty fiats and be all-in crypto like I am. Your wallet is deflationary, you are earning by simply not spending and when you want to buy someting you use crypt-fiat cards like the one from crypto.com
You don't need to hold fiats anymore.
I think we still need fiat for transactions, and regarding other things you say I agree, however the value of the currency every year will experience inflation not to mention the exchange rate of each country's currency against the USD, so saving our money in another form is true, such as crypto, stocks, real estate or any other asset that has increased in value. I started to realize after reading some books on finance, economics, and some of them say your money will continue to decrease in value or other words, cash is a trash. but still you need fiat for transactions, it's just that further understanding you are not advised to save large amounts of money for a long time. |
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~
If you will see, the government not only in our country but most of the countries are balancing the number of infections and the economy which is very hard to do. There are times that countries imposed lockdowns but the economy is heavily affected and when they eased up the lockdowns, economy will start to recover again but on the other side the number of infections will surely increase. Business sector will recover for sure but I'm not expecting this year. Probably next year is the start of their recovery and unfortunately for some MSME's because they will be closed permanently. A cure will help the economy for sure but until now there isn't any cure for it. Like I said, balancing between the economy and the number of infections is hard. not to mention regulating citizens in every country, we talk about the nature of all people in this world, some are easy to organize and listen to warnings in a country so that infection and prevention of new people will be easier in one country, of course it will be different from other countries, especially developing countries , where the majority of its citizens are unruly, and have a difficult economy which makes them have to keep working in the midst of this pandemic so that transmission will be difficult to suppress and make this pandemic will last a long time. |
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My best trading platform is bittrex like bittrex is highly trusted and have to long time trading service with the people trading sometime depend yourself but need to be find out real platefrom not a scammed site, some site are scammed you can deposit but can not withdraw on your fund.
try trading on binance, you will feel what you don't feel at bittrexx I don't know about bittreex, but I think there are more coins on binance and have many types of pairs, some fiat currencies are also supported, such as gbp, euro, bidr, cny , etc., the withdrawal process is very fast when converting to fiat. |
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The problem is that national central banks have overprinted money to get through the economic crisis. If the economic scale is not developed, the amount of cash they print is no different from paper. They will find a way for the money they print to become valuable. It depends on each time to say that cash is a mess. During the recession, people with cash were the ones who had the opportunity to own property at cheaper prices. I never meant to look down on fiat money but I think real estate, blue-chips, gold, and bitcoin are worth better because at least they don't get as much printed as FIAT money.
Printing money does not always have an impact on currency depreciation or inflation. If the money print is aimed at an economic stimulus or social safety net then inflation will occur. Important money must be followed by an increase in production so as not to be rolled by the waves of inflation. During a pandemic like this, the production sector stops not because there is no capital but because the market is disappearing or shrinking, except for the food industry which continues to exist. We take the example of Japan, Japan is also printing money to support its projects. Japanese debt is also very high, but Japan can't get inflation, because its people really like to save and don't spend their money. still printing money will have a negative impact that is bigger than the positive, you compare Japan with poor and developing countries, while the exchange rate of poor and developing countries will always fall to USD, if it continues to print even though production continues, I think the currency value the state money will still go down. maybe in a few years 1usd will be worth over 20000 idr. |
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Everyone was laughing on Ray Diallo when he said his famous phrase "cash is trash" on 2019 and they even laughed more when his hedge fund tanked 30% under water on early 2020. guess what, US stock markets are bullish again and on a stunning V-shaped recovery and Gold recently hit all time high and bitcoin of course in its way to break new price record. So, who's laughing now!. he was damn right.
actually money will continue to be considered valuable if people think it is, because from the beginning money is just plain paper that is given a value and people consider it valuable so money has value, but in terms of supply of course in the long run money will decline in value because someone can print it unlimited different from land, gold, diamonds, or other items that have limited supply. |
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