Advice to everyone today

[dainoran]

the financial crisis is unlikely to affect crypto, because people rarely use crypto as a payment, but people use crypto as an investment. that in my opinion.

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[MUG1WARA]

I have never heard if the bank will close withdrawals for all customers, is this just your speculation because of the spread of the CORONA virus? you better also include articles about your words

[Leonardo7]

The people who are currently into Cryptocurrency are one of the luckiest persons in the world. The fiat system is in crises and no one knows what is going to happen next as the traditional institutions are in great torment as a result of the Covid-19. We should also ensure our fund are stored in a non-custodian wallets.

[pixie85]

Fine I will do it.

The problem with investments is that the value of fiat doesn't move much in the short term so in a crisis situation you will not be able to withdraw most of your fiat money but their value will remain the same. You will be able to withdraw cryptocurrencies but won't be able to buy much because stores will still accept fiat that you cannot withdraw.

If crisis hits you're still in deep shit with crypto or with fiat.

[htsy585]

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

No doubt, this is the opportunity to fill the bag as virtually every cryptocurrency have their price slashed to almost half, but let's not forget we are in a very dire situation as the entire world is facing a crisis with this pandemic COVID19. If the spread continues (i hope otherwise), the downtrend of cryptocurrency market market will linger and not every cryptocurrency will see the end of the tunnel. The bottom line is when filling your bag, scout and look for tangible projects to invest in

[BlackFor3st]

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

You are right but for the newbies just a little advice, make sure that you should gather some useful data first on how to securely exchange your fiat into crypto currencies and make sure also that you know what currency to buy so you will not lost your money in just a short period of time. Buying crypto currencies is very simple but you should be aware that there is always a risk to it as the crypto prices are very volatile.

Therefore it is best if you should brace yourself first whether you are ready to take part in crypto or not because if you are not yet ready for a volatile prices then you start by putting your money to a stable currency like Tether while you are still adapting to the crypto world. Banks are limiting us therefore it is best if we will convert our money to crypto currency in where we have the freedom on when to cash out our money.

[Shasha80]

We do not need to panic like the economic crisis that occurred in 2008, because in 2020 there is already the presence of cryptocurrency.
So we can save our assets in part in cryptocurrency, so this can make us more calm in the face of crisis the economy this year. Because
it is proven that cryptocurrency can be a safe haven in several countries that experience such crises in venezuela. So do financial planning
properly, then I'm sure we can get through this crisis.

[fortunecrypto]

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 scenario of what happen in 2008 could happen again but the good thing is we have the Cryptocurrency as an option in 2008 there was no option like this,stocks are falling and having a hard time recovering but so far Crypto market is recovering fast and it looks stable now.

[tabas]

At least we're on the bitcoin forum and we all knew about that. But those that are not in this forum are not aware of this possibility. They keep on telling cash is king and then what happens if their money on the banks will be frozen due to the control of influx by the depositors when they start withdrawing funds.

[Twinkledoe]

At least we're on the bitcoin forum and we all knew about that. But those that are not in this forum are not aware of this possibility. They keep on telling cash is king and then what happens if their money on the banks will be frozen due to the control of influx by the depositors when they start withdrawing funds.

But not all crypto users can afford to buy more bitcoin or other alts. Some need to cash out their crypto in order to address their basic necessities. But yeah. at least we are in this forum and we will be getting some strategies on how to earn money while we are in this situation. Fiat currency is not safe anymore as they can be the source of virus when it is being transferred from one person to another. So we need to be cautious also with our fiat money.

[vermigerous]

Many are afraid with the current crypto situation. For me, its only a matter of conflict with this crisis time and the crypto got lame. I don't think of any possibilities for the banks to be close since there is no problem on fiat currencies.

[nikki4]

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

For your own money freedom, cryptocurrency is the perfect. For coronavirus effected cryptocurrency is in the almost bottom. Although same ways financial crisis won't repeat again. Coronavirus effect can't go future because all connection was closed.

[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

Agree, the banking system only makes the crisis worse because of carelessness and also always makes the inflation rate continue to rise. With bitcoin or cryptocurrency, I think the value of our assets is not eroded by inflation and also the liquidity of the cryptocurrency market is already very large

[Adreman23]

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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family  to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

[Magkirap]

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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family  to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

Indeed, this is the time where you don't think about choosing between investing/putting your money in crypto or using it all to but essential items in this crisis even the value is very low. Fiat is more important now than anything else for most of people, yes the rich ones can do that thing but not the most of us, life and safety are more valuable than any amount of money that you can possibly profit in the future.

[Reid]

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

Way to different that what is happening now.
2020-2008 = 12 years. That was a long time and so many things had happened by now.
So why not also explain why? Maybe we could understand more of how you thought about that.

They may be happier now.
People spending money left and right.
Then merchants having a lot of income to put in banks.
The circulation of fiat is getting better if that happens. Even those kept in home stashes will be spent due to the epidemic virus.
After this, people will be loaning money from the banks. So it is a big win for them.

[TheClownSong]

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

Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family  to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday.

When this corona outbreak crisis occurred, many business activities were stopped due to lock down and I think there will be a lot of bad credit so banks need more liquidity to meet the needs of the community. Several central banks in various countries have already announced economic packages and lowered interest rates, hopefully the current economic crisis can quickly pass

[bgaf]

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 thought your gonna say withdraw cash now since its badly needed. Crypto isnt a hedge for fiat but its a good way to spend your extra money since its cashless. More establishment starting to realize that blockchain even more powerful than mere ATM machines. Adoption slowly improving and that proves that crypto market can caught up with the pacing of other markets such as stocks, oil, gold and now even stronger than fiat.

[btc78]

Taking financial freedom at this time does not hurt, it's just that not all of our services or daily needs can be obtained through crypto, so the real thing we still need for now, the case of the financial crisis that happened in 2008, that obviously would not have anything to do with crypto, because at that time cryptocurrency had not yet been discovered.

That's why OP is pushing us to use crypo now because you are correct that time cryptocurrency was not there to help people have their financial freedom but today? We already have option and that is by using cryptocurrency and remember that other services and products now are being use having crypto so what would you do?stay in you bank ATM or crypto in your own wallet and private keys?this is the perfect time for all of us to have our freedom and this is by using bitcoin and altcoins also.

[michellee]

I hope that the crisis that happened in 2008 will not happen again because that is the terrible situations which happen to almost all countries. Although we now have a crisis with the coronavirus, I hope that it will not take too long to get the cure so we can pass this crisis, and many people can get cured by the vaccine. We need to prepare for the worst thing that can occur in the future, and we hope that we can be ready for that.