TheMystic
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Activity: 171
Merit: 12
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March 24, 2020, 08:29:20 PM |
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Well at this moment of financial crises, I only hold btc, every other altcoins have been exchanged to fiat to enable me and my family live while the crises last for a period of time. Although, people are being notified of banks shutting down, so am sure only few can get locked out of Fiat cos of banks.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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crustycrab666
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Activity: 560
Merit: 104
terra-credit.com
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March 24, 2020, 08:51:42 PM |
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Well at this moment of financial crises, I only hold btc, every other altcoins have been exchanged to fiat to enable me and my family live while the crises last for a period of time. Although, people are being notified of banks shutting down, so am sure only few can get locked out of Fiat cos of banks.
That is the best choice. The importance of sharing investment is for emergencies like this. We will have enough reserves to make ends meet, and still have the opportunity to sustain investment. I salute your strategy. The decline in most of the crypto markets last week was a good opportunity to fill bags, I think that also applies to the stock market, because today I see a significant increase in the entire market. This is not guessing, it needs strategy and analysis, so don't come in a panic, consider every decision to avoid risk. |
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Ailmand
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March 26, 2020, 05:42:10 PM |
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In cases of emergency like this, it is really difficult to trust banks. One of my friend had a problem finding an online ATM to withdraw some money and majority of the is offline. That is why having an alternative such as crypto is good. There are some ATMs in our country is not operating due to the pandemic and lack of cash.
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fabiola!
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March 26, 2020, 05:48:12 PM |
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Take your financial freedom in your own hands, Buy crypto today
this is good but from crypto we cant use for daily needs as crypto is not accepted everywhere but having some crypto is good at-least we can use where it is acceptable , having crypto in next financial crisis would be better as crypto would be more popular  |
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jacafbiz
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March 26, 2020, 06:24:52 PM |
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I think what people need to be doing now is to pra we have cure to this Corona Virus. I do not see 2009 playing out this time around, the because has we are seeing the Central banks are determined to print their way out of this problem if it persist.
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CryptoBik
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Activity: 311
Merit: 1
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March 27, 2020, 01:59:23 PM |
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In cases of emergency like this, it is really difficult to trust banks. One of my friend had a problem finding an online ATM to withdraw some money and majority of the is offline. That is why having an alternative such as crypto is good. There are some ATMs in our country is not operating due to the pandemic and lack of cash.
Recently, I do not trust banks at all. I keep all my assets in cryptocurrency and a bit in real estate. And if you look globally, the situation is tense and that's for sure. And there are similarities with 2008. |
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wozzek23
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March 27, 2020, 03:18:09 PM |
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I still think that by this summer corona will be over and halving will take into affect. You shouldn't worried right now if you are taking your precautions, just stay at home, try to find a good book, a great TV series to binge watch or find a good game to play and all of that, if you need something free just use torrents and you can find almost all of them there as well for free, so just spend some good time as much as you can.
After all of this is over, if you still didn't sold your bitcoins you will definitely reach to a point where bitcoin will start to go back up, if you can hold until then (lets be honest many can't because of financial troubles) you will definitely make a great profit, a lot of profit, bitcoin will be over 10k for sure and you will get 50%-60% profits.
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cablelavish
Newbie
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Activity: 17
Merit: 0
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March 27, 2020, 08:03:39 PM |
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right now can be a golden opportunity to invest in lesser known coins with big potential.
For example TemTum is going to be announcing it's partnership with multiple nations to provide them with their blockchain as a backbone for their own stable national currencies.
once the announcements are made to the press, post-corona panic, I can see TEM going $1+
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Blackdeath
Sr. Member
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Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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March 27, 2020, 08:52:04 PM |
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My advice is don't panic even the market will start to drop again just stay calm and maintain your long term investment as possible. If you have an enough funds you have an opportunity to buy some coins that has an opportunity to have a good value in a future and always stay on track or your strategy in your investment.
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kindbtc
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Merit: 12
SAPG Pre-Sale Live on Uniswap!
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March 27, 2020, 09:03:47 PM |
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Yeah, i was watching a news program related to business, finances and investments on a local channel and they were talking exactly the same and they were hopeless about business under the world situation due to the pandemic and they see even worst recession this time around i think only winner out of this situation will be crypto, lets wait and see.
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BitTraderCute
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March 28, 2020, 03:43:41 AM |
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right now can be a golden opportunity to invest in lesser known coins with big potential.
For example TemTum is going to be announcing it's partnership with multiple nations to provide them with their blockchain as a backbone for their own stable national currencies.
once the announcements are made to the press, post-corona panic, I can see TEM going $1+
i think if we invest in cryptocurrency , this is the bad time to enter. hold fiat its more important at this moment when we have no certainity when corona virus gone. no matter how important news released by TEM TUM team , but when market facing this problem they will sell their assets. |
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magnum cyber
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March 28, 2020, 04:04:20 AM |
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yes, right now I'm using the situation to add some of the top crypto collections while the price is low. especially yesterday I just added some BTC when it was in the low $ 5k price. and just added some crypto like BAT, BNB, OMG, Tezos. this is a good choice in my opinion.
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slashz9
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March 28, 2020, 04:07:48 AM |
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the financial crisis will indeed continue to occur whether it is natural or there is a trigger. crisis, I often hear a lot of crises in 98.08, and now 20. so I don't think this is inevitable or this is the economic scheme that is happening all over the world. I also read the book of one of the financial experts and he said the crisis will always happen, you must be prepared to face it. and i guess your thread should be in economy section not altcoin  |
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bussybuddy
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Merit: 105
Chainjoes.com
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March 28, 2020, 05:32:31 AM |
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The situation is still under control and I believe it will not be as bad as it was in 2008. I am watching the entire market every day and it seems to be recovering slightly, hoping the problems will be solved soon in this year, so that the economy can continue to grow
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shoreno
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March 28, 2020, 05:46:19 AM |
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i feel that banks are right . they are doing these to stop the downfall but they are still giving out something to people for them to have to buy useful things so they shouldnt be worried at all .
what if that idea also happen on cryptos ? we can then not experience a hard dump anymore but its more likely that itll happen because no one controlls crypto except to other centralized services . maybe people will switch on cryptos because of banks doing that . still a win situation for us cryptoers
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zaim7413
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Merit: 332
Vave.com - Crypto Casino
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March 28, 2020, 06:13:51 AM |
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yes, right now I'm using the situation to add some of the top crypto collections while the price is low. especially yesterday I just added some BTC when it was in the low $ 5k price. and just added some crypto like BAT, BNB, OMG, Tezos. this is a good choice in my opinion.
Yes, very good, because in my opinion Altcoin you mentioned is indeed very good to buy and hold for a while, because Altcoin like BAT, BNB, OMG, Tezos, is Altcoin which is very potential and profitable when the price of Bitcoin starts to rise. |
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suryapro
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March 28, 2020, 06:59:06 AM |
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Yes, it is true. if what happened today would be worse than in 2008 in your opinion. maybe we better focus on this digital money alone. but if you look again at the price of cryptocurrency in the last few weeks, it is very alarming. but we also don't know the exact development of this crypto money.
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tiang_tower
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March 28, 2020, 08:18:38 AM |
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Yes, it is true. if what happened today would be worse than in 2008 in your opinion. maybe we better focus on this digital money alone. but if you look again at the price of cryptocurrency in the last few weeks, it is very alarming. but we also don't know the exact development of this crypto money.
If we look at the graph between this year and 2018, not 2008, because in 2008 the exchange bitcoin.com has just been built, it is worse in 2018, because at that time there was no virus outbreak as it is today, and the market has plummeted , and if we look at this time the market has fallen due to the influence of the panic and fear of people against the virus outbreak. |
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Davian144
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March 28, 2020, 08:58:09 AM |
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The situation is still under control and I believe it will not be as bad as it was in 2008. I am watching the entire market every day and it seems to be recovering slightly, hoping the problems will be solved soon in this year, so that the economy can continue to grow
2008  , isn't that too far, because bitcoin was born on 3 January 2009 by Satoshi Nakamoto, and on 17 March 2010 the now dead BitcoinMarket.com began operating as the first bitcoin exchange, so please be more observant in this case friend. Source: https://en.wikipedia.org/wiki/History_of_bitcoinSource: https://en.wikipedia.org/wiki/History_of_bitcoin |
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Finestream
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March 28, 2020, 09:34:24 AM |
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The situation is still under control and I believe it will not be as bad as it was in 2008. I am watching the entire market every day and it seems to be recovering slightly, hoping the problems will be solved soon in this year, so that the economy can continue to grow
It's not impossible that all these problem we are facing right now will be solve, if China were able to solve their problem on covid-19, I'm sure the rest of the world will also solve it, but the damage has already been done, if it will take longer, it will cause more damage on the economy and although economy will recover but it will not be instant. |
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