Advice to everyone today

[memed97]

Cryptocurrency is unstable it is high risk to all in on it. Also, i think it cant be collapse like 2008 only temporary. After this corona virus is gone everything will be normal. Im not sure when this corona virus end but i hope as soon as possible the virus gone.

Looks like you are a little wrong with the collapse of cryptocurrency, because in 2008 there was no cryptocurrency, and what I know about cryptocurrency since 2009 is not 2008, so you are a little wrong in this matter, and the corona virus case until now we haven't been able to do it yet. make sure when it will end, even though all parties have made handling of this corona virus.

[1714791708]

1714791708

[SarangWallet]

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

What if this crypto is meaningless if an economic crisis occurs. I think exactly is to buy pure gold, and save. This will protect your money from the economic crisis. Because gold will always mean in any condition.

[Shallow]

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

Let's assume you hold crypto how would buy things which you need at home or even pay for offline services? Am not against the idea of buying crypto but however it is not the way out currently, fiat still is. The reason for this is, many countries, platforms, systems and so on are yet to come to an agreement with crypto therefore holding only crypto means the person in such country might not have access to the things, food stuffs or services he needs. Therefore, I would say, buying crypto but holding enough fiat in this current era or situation is the best solution but minding how you spend as financial security is now very important.

[sangjoewara]

What if this crypto is meaningless if an economic crisis occurs. I think exactly is to buy pure gold, and save. This will protect your money from the economic crisis. Because gold will always mean in any condition.

Yes, that's right, and there is another very good choice, which is to buy land, because the price of a piece of land always goes up every two years, even though the way to store it is different from the gold thing you mentioned.

[DDante]

Crypto it's the safest haven to turn to now and stock investors have realized that too, traders are still earning and losing just like before but right now the market is too damn tricky, trading right now is too risky it's better to HODL and Wait

[Anonylz]

Crypto it's the safest haven to turn to now and stock investors have realized that too, traders are still earning and losing just like before but right now the market is too damn tricky, trading right now is too risky it's better to HODL and Wait

The problem is many people don't have the stomach to stand and watch the dip whenever it occurs, otherwise we won't have so much people making so much noise when btc or the market going down, hodl is always the best option when in a bear market, only experience traders can manage to trade well right now, market is moving side ways, very tricky indeed.

[nreal]

You're talking about financial freedom. If you're going to keep it for a few years, there's no problem, but if you're buying cryptocurrencies and want to spend in times of crisis. You will again have to use banking services.

[JCviggen]

You're talking about financial freedom. If you're going to keep it for a few years, there's no problem, but if you're buying cryptocurrencies and want to spend in times of crisis. You will again have to use banking services.

during a crisis, we should not spend our cryptocurrencies. crisis time is an opportunity to earn more crypto. when the bull market begins, you must spend all your time finding fresh coins and making money from them. you will spend your bitcoins when the mass adoption will come

[Ashong Salonga]

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

At this point of time, we cannot push it through for people to buy more cryptocurrencies now that their prices are somehow cheap and affordable because people across the globe are into focus on how they will survive this pandemic virus that is affecting the whole world. For sure, many people nowadays are into panic buying for goods and stocks that will be used for a period of time since many countries have already declared that they are into a lockdown which means people is tend to stay at home. So with this situation, people are surely using their fiat to buy their necessities to be able to keep themselves safe and survive this crisis. Even if we are experiencing financial crisis wherein the price of the cryptocurrencies are currently low, we cannot push people to purchase cryptocurrencies because it is understandable that they tend to use their funds first for healthcare issues.

[Lexurdania]

You're talking about financial freedom. If you're going to keep it for a few years, there's no problem, but if you're buying cryptocurrencies and want to spend in times of crisis. You will again have to use banking services.

during a crisis, we should not spend our cryptocurrencies. crisis time is an opportunity to earn more crypto. when the bull market begins, you must spend all your time finding fresh coins and making money from them. you will spend your bitcoins when the mass adoption will come

When the economic crisis occurs, cryptocurrency is expected to be a safe alternative asset besides gold. With the increasing transaction value, I think that cryptocurrency or bitcoin will gradually become a safe haven asset. Restrictions on withdrawing money at ATMs will not occur in cryptocurrency but as long as transactions at merchants still use fiat money and do not accept crypto, I think it still takes a long time for crypto to be accepted by the public

[cahbagus555]

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

At this point of time, we cannot push it through for people to buy more cryptocurrencies now that their prices are somehow cheap and affordable because people across the globe are into focus on how they will survive this pandemic virus that is affecting the whole world. For sure, many people nowadays are into panic buying for goods and stocks that will be used for a period of time since many countries have already declared that they are into a lockdown which means people is tend to stay at home. So with this situation, people are surely using their fiat to buy their necessities to be able to keep themselves safe and survive this crisis. Even if we are experiencing financial crisis wherein the price of the cryptocurrencies are currently low, we cannot push people to purchase cryptocurrencies because it is understandable that they tend to use their funds first for healthcare issues.

Most people are more concentrated in dealing with the corona virus that occurs at this time. But if you are isolated at home and can't work out of the house, I think investing in the cryptocurrency market can be a way to make money from home.

[Kunnu]

Yes I remember the financial crisis of 2008 it was very terrible time when the economy of almost every country was crashed, nobody wants to see that moment again I believe people have learned many lessons so with the positive understanding about cryptocurrencies they will take responsible and right steps.

[miningguru]

I dont think that we really need to withdraw cash right now. This only makes situation worse

Why not? everyone has different needs, right? Regardless of the panic or not, we are in an unstable economic situation, the global pandemic effect is quite alarming, so most people would choose to secure their finances for more priority living needs such as meeting basic needs and supporting health rather than investment. So do your best to be able to maintain a stable life and try which is more important first.

It's very difficult today facing this pandemic corona virus without your money on hand to secure the basic necessities of your family. Crypto may be a good option as an investment but what people badly needed today is fiat to survive from this economic crisis while everyone here is experiencing lockdown.

This lockdown situation makes many people are afraid about the market because it may even go down to lower values. As of now, it is a very good choice to hold your fund in fiat currency and it will help you grab the coin when the market starts decreasing again. I am doing the same which I am holding my fiat currency.

[joinfree]

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 wish this industry was well-developed enough to make such shorts but the reality is we are not. Ask yourself how many marketplaces or online stores out there accept bitcoin or other cryptocurrencies as payment. Moreover with the recent dump in the value of cryptocurrencies I don't think anybody would prefer spending their cryptocurrencies right now. It's a sad situation but I don't think buying crypto is the solution we need.

[hirngespenst]

Cryptocurrency is unstable it is high risk to all in on it. Also, i think it cant be collapse like 2008 only temporary. After this corona virus is gone everything will be normal. Im not sure when this corona virus end but i hope as soon as possible the virus gone.

A new virus named Honta hit in China and one man died! So, after the coronavirus ends, there will have risk too. So, no one knows what will be the market condition. The world's health condition is not good now, that's why crypto market is facing the same phase. But yes, I believe it too that market wont crash like 2008, it will be alright after all these natural disease ends out!

[pawanjain]

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 crisis we faced in 2008 and the crisis we are facing now are two complete different things you have portrayed in a same way.
The reasons behind the crisis are what that defines it's fall and probably how it will recover.
The current crisis is because of a pandemic and the crash is bound to happen because people will always prefer to have payment methods that they have in control. They will prefer hard cash because they can spend it anywhere and however they want. They won't rely on stocks because they cant use stocks as a payment but yes they can sell the stocks for fiat and buy things they need in such a situation.
Once the pandemic is over people will still have money left to invest and crypto and stocks will be the first thing they will invest in.

[LbtalkL]

I don't think it will happen unless covid19 will still exist or intensify but as I see we are recovering now, china is recovering and started to help the countries which are affected by this virus. Also, the market is recovering from the dip last time hitting more or less $3800 and we are now at $6700, obviously better than the stock market. It is always good to buy bitcoin whether in crisis or not if your thinking for the long term.

[coinfinger]

One thing that is confusing to me here is the fact that what are you going to do with your crypto when banks are freezing your money? I mean lets say that government decide to freeze all assets on banks and just focus on recovery, they will use everyone's money but slowly pay it back but there is a huge trouble for a while and you were smart enough to buy bitcoin before all of this happened and you have a ton of bitcoin, bitcoin price increases and your 10k is suddenly 100k and you are considered rich. How are you going to withdraw that?

The world will not start accepting bitcoin in one day, you are still stuck with a frozen asset that is bitcoin with only difference is you can move it around however you want except taking it out on cash. So that doesn't sound like a solution neither.

[TheICE007]

I want to believe that this year would not be as bad as it was 2008 but if it gets to that,then I don't see investing as one option,many people would need fiat so as to meet up with the world economy,also there would be much withdrawal from most investment which would result to a fall in the financial sector but then it's always good to have an investment in crypto no matter how small.

[odukoyaewatomi27]

It's no doubt this is an extremely huge difficult time for the entire world. Individuals are frightened of the unavoidable and what may occur in days to come. One of such fear is fear of investment and having no money to swear by incase of further emergency. Its great to purchase cryptos now they are low however by and by am holding the ones I previously purchased and asking they come up. This period, one ought to figure out how to spend all the more wisely