Advice to everyone today

[Peanutswar]

@OP I think that your problem recently experience is just the issue on the banks that's why you have problem regarding with your funds, for me it is better to use banks and cryptocurrency because in banks you will know that your funds in fiat currency are safe and in cryptocurrency the same with the fiat but the difference is it is a digital currency which is you can earn more profit with the market volatility many people today are already adopting the use of the bitcoin because they know the potential of this coin to make more income. Also, there is a virus spreading rapidly which is can be attached to the physical money so it is better if we kindly adopt the use of the crypto for nowadays.

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[muratsink]

Easy when bank stop for withdrawing fund we can withdraw now and hold in my pocket, I think will not possibility for bank to stop our fund and withdraw how much we want because bank have proffessional system in their working, impossible bank can stop and not give allowed for withdraw our money.

[Dhoe]

The pandemic around the world is affecting every aspect of life especially the Economic situation of the world. Though buying cryptocurrency is good now, but nobody knows yet what will be the outcome yet. Alot of business are closing down

Absolutely! Buying crypto is a good idea at this moment, but not the proper solution, no one knows what is gonna the outcome of it. Because the market can crash like 2018 again, because if the financial crisis happens like 2008, then it will affect on Bitcoin and other cryptocurrencies too! For the long term, buying crypto would be great though!

Precisely if crisis occurs, many believe that Bitcoin is one solution. Many predict that if the global economic crisis occurs again, then fiat money like Dollar et al will collapse. Then that's an opportunity for Bitcoin to go on stage to provide a solution.

[shaheer001]

This is good advice but at the moment if we have crypto in our wallets we still depend on banks as for exchange we need bank support online and offline too. When all banks will accept Bitcoin as digital currency then we will empower. This is my opinions maybe I am wrong.

[HerbertMarcel]

Over the past century, the current conditions have never been as bad. The way China has dealt with this situation is certainly praiseworthy. They got it just for their efforts. If we do not take care of this blockchain coin market, the scammers will destroy the platform. So let's come forward to protect our platform of love.

[jaywizzy]

I agree with you but the problem is that not everyone can use crypto and not all goods  can be purchase by the use of fiat.

[irixo10]

This is true and I believe many people will agree with you, and also this is already happening as banks are trying to save and cut down costs and as expected the only issue is not everyone can buy goods with crypto. So actually what I'm doing is to hold like BTC and ETH, and a small amount of USDT which can be converted to fiat; so indirectly everyone still needs the banks until there is massive adoption of cryptocurrencies.

[judaspriest]

This is true and I believe many people will agree with you, and also this is already happening as banks are trying to save and cut down costs and as expected the only issue is not everyone can buy goods with crypto. So actually what I'm doing is to hold like BTC and ETH, and a small amount of USDT which can be converted to fiat, so indirectly everyone still needs the banks until there is massive adoption of cryptocurrencies.

crypto is currently like an asset, not as a currency, we know that Fiat still plays an important role in this world, without fiat Bitcoin would be meaningless, but a revolution might happen in the next few years

[danielchris]

My opinion is that for everyone. Due  to  carona-19 active all of the world. So we should be hold our investment, because most of countries faced by carona-19. So recovering will be long time. So it's no time to buy or sell your coins.l think  so.

[SistaFista]

In 2008 bitcoin has not been created yet, but there are many crypto coins already now.
If financial crisis happening again, i think the outcome won't be the same because there are many altcoins to buy now and the situation is different from 2008.

[prof7bit]

My opinion is that for everyone. Due  to  carona-19 active all of the world. So we should be hold our investment, because most of countries faced by carona-19. So recovering will be long time. So it's no time to buy or sell your coins.l think  so.

I've decided for myself that this is a very good time to buy cryptocurrency. I think that fiat money this year will be subject to high inflation, and cryptocurrencies, on the contrary, will increase their value.

[Twinkledoe]

My opinion is that for everyone. Due  to  carona-19 active all of the world. So we should be hold our investment, because most of countries faced by carona-19. So recovering will be long time. So it's no time to buy or sell your coins.l think  so.

I've decided for myself that this is a very good time to buy cryptocurrency. I think that fiat money this year will be subject to high inflation, and cryptocurrencies, on the contrary, will increase their value.

But the user should know the possible repercussions of buying crypto. Though, for me, I would also do the same but for those who are really newbie in crypto. They should know that crypto is a very risky investment and if they don't know what they are doing, they should not take the risk of buying as they might end up losing their money.

[fvb]

The advice is certainly good.  I think that this is a good investment option.  In connection with what is happening now, we all need to have a cryptocurrency portfolio and rely only on our own brains.

[dataispower]

This is true and I believe many people will agree with you, and also this is already happening as banks are trying to save and cut down costs and as expected the only issue is not everyone can buy goods with crypto. So actually what I'm doing is to hold like BTC and ETH, and a small amount of USDT which can be converted to fiat; so indirectly everyone still needs the banks until there is massive adoption of cryptocurrencies.

I like the fact that you mentioned "everyone still needs the banks". In as much as I'm a core crypto enthusiast and long term Bitcoin holder, i like when people say the reality. Clamoring for "buy crypto" doesn't mean you should invest foolishly in crypto, what if regulations in future ain't in your favor? Just saying even though I'm optimistic. Prepare for the worst while expecting the best, that's my point. The fact that banks have their cons doesn't mean we can do without them entirely, no its impossible for now.

[Slingshot]

It's not just about buying Crypto, it's about buying reasonable coins. Fake coins have took many to the village and alot left crypto because coins dumped on them and they couldn't stand back. Though we expected the best in Crypto because of bitcoin halving and the best coin one should buy now I must say is bitcoin or ETH, probably some other top coins.

[MikeyVeez]

There are two possible scenarios what could happen to cryptocurrencies. Cryptocurrencies will be judged as a luxury asset and investors will sell it because they will have to eat something. Secondly, they will see an alternative financial system with stable price and they will start buying cryptocurrencies.

[kceekcee]

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

Buy crypto today, but be unable to pay for day to day transactional finances
Do you think that it is easy to neglect fiat and focus on crypto when your country does not recognize crypto currency? It is rocket science for anyone to think he or she can just buy crypto and ignore fiat.

[KnightElite]

We should be financial literate especially if we want to achieve financial freedom, it is not just buying bitcoin but it is all about buying a assets that can help us to generate a income. We should also trained our eyes to see opportunities especially today where there is a current financial crisis that we are facing. We can generate a massive wealth if we will trained our mind and eyes to see opportunities in our economy.

[totoy4741]

Coronavirus needs to go or else it will take a very long time before crypto recovers back to its All time High, crypto seem stronger than stock market now so it's a better safe haven

At the first quarter of the month when the pandemic has start I say yes but It has making a good run since then mostly especially in bitcoin it has finally reached at $8k mark after swinging back and forth at $6.9k-7.2k same thing with other major alts. I am expecting to see the market to further increase due to bitcoins halving is near.

[umbara ardian]

It's not just about buying Crypto, it's about buying reasonable coins. Fake coins have took many to the village and alot left crypto because coins dumped on them and they couldn't stand back. Though we expected the best in Crypto because of bitcoin halving and the best coin one should buy now I must say is bitcoin or ETH, probably some other top coins.

Bitcoin and ETH are always good options for buying, instead of bothering much about the fake coin, there are many coins out there which their concerned company actively developing the products, buying them at the low value is always a good option because definitely when the price of Bitcoin recover almost most of the coins will recover their prices.

But before the price of Bitcoin recovers, the price of those tokens will certainly continue to collapse and cause investors to lose money. Even those projects could die because of budget shortages or become scams, with me just buying Bitcoin and ETH is enough