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Author Topic: Are you investing in crypto currency alone?  (Read 691 times)
Rruchi man (OP)
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June 12, 2021, 11:07:20 PM
 #1

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

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ILuckyGuyI
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June 12, 2021, 11:17:18 PM
 #2

I have not invested only in cryptocurrencies. I also have investments into dollar and gold now. Gold side is bigger in amount though. Because I really believe that gold has a very bright future like Bitcoin. The reason I've made an investment into dollar is that the currency of my country has devaluated really much recently. So, it was really sensible to me to buy dollar instead of keeping my money in the currency of my country.

R


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June 12, 2021, 11:23:00 PM
 #3

Aside from crypto investments, I have plans to invest in real-estate very soon. This I believe, is a good one to invest with because thru time, it increases its value. I think it is not good to only invest in crypto because of its high risk in nature. Better invest also in tangible assets like gold or real property. Remember the simple rule in investments - diversify your portfolio. Don't put all your eggs in one basket.
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June 12, 2021, 11:32:23 PM
 #4

Well, I'm only investing in cryptocurrencies right now and you may understand the reason according to my threads, etc. Post halving period is the best one for a man. But my future plan isn't only sit at home, work full-time and invest in crypto. In my mind I plan to collect the money and do one amazing startup after some years and no, my idea won't fade away. I have the best local domains in my niche and have done some work around it. I want better working experience in top local companies to work more wisely on my project(s).
And I have my hobby that I want to turn into part-time career.

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June 12, 2021, 11:40:47 PM
 #5

Thanks to the fact that I have been in the crypto space for two years. I was able to cope with the pandemic crisis because in my country we do not have aid incentives due to the current crisis. Only the government has helped some families, thank God the people I know have come out ahead as well.
If anyone still has doubts about bitcoin and cryptocurrencies, the pandemic was the best test to show that we can survive in difficult times.
The most important experience I had is that I was able to help an aunt to regain her health due to Leukemia. I thank God that it was all his doing for allowing it.

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June 12, 2021, 11:44:16 PM
 #6

I planned to invest in Bitcoin alone since as time flies the halving cycle is the best and biggest reward you will ever get though it takes a lot of time for that to happen and wait but it's worth it. After this investment, I might have to make an investment in a real-state or maybe start with my own business.

This pandemic taught as everything that we shouldn't rely too much on the government because there's no such thing as a perfect government. We should do something to ourselves in order for us to contribute something to the society that would be useful in the future and starting a good business is one thing you can do.

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June 12, 2021, 11:45:32 PM
 #7

If i were to describe the economic situation in my country at the moment, it's still such a mess, but not that bad. Maybe since it's been more than a year since the pandemic start, at first the purchasing power is soo low, many people lost their job so they have no money, their savings are gone. However now things gradually get better. For me myself, fortunately my economic situation didn't get that bad. Instead, i feel so cautious that it might happen again in the future and choose to add my investment, and start to save more and more for emergency cases. I'm investing in stocks too other than crypto, since the price of stocks are so low since the pandemic started, many of them fell drastically.

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blockman
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June 12, 2021, 11:45:35 PM
 #8

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?
It's recovering and the borders are starting to open but health protocols are still being followed strictly. Hopefully, I'm waiting for that day that our government will start to announce that we're free from covid-19 and we can now go everywhere without having the need to wear masks and face shields. And most of those people that have been affected by lay offs can now go back to their old jobs and can start their lives again smoothly.

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?
I've got a huge part of my investment in cryptocurrencies but it's also important to invest outside of it like real estate. That's why years ago, I already have it and still plans to use a part of my profit to buy the next property that I will have.

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June 13, 2021, 12:10:26 AM
 #9

With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?
The situation in my country is not too different from others, and it's that the economy is struggling and in a pretty bad shape, we are already experiencing Inflation as the prices of commodities have all gone up, likewise the cost of living. Quite a lot of us are lucky to know and have invested in Bitcoin pre pandemic, thus it's somewhat easier for us to continue accumulating coins.

Having said that, most people who prolly want to invest in Bitcoin or start up a business etc, but are without the necessary capital are unable to do so, institutional investors have been all over the network since the start of the pandemic, and it's only possible for them cause they have huge amount of money, but for the average Joe, it becomes somewhat impossible to talk about investments when they are yet to handle their daily basis needs.

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June 13, 2021, 02:08:20 AM
 #10

My country is in a terrible situation right now. Of course, I am not referring to the billionaires and millionaires out there whose lives are not really bothered by the pandemic. But the huge majority of ordinary people are really tightening their belts to make sure they will survive this pandemic. The COVID situation in my country is unbearable not so much because of the fast spreading of the virus as the losing of jobs, closure of small businesses, and so on.

I'm not investing into crypto alone. I have stocks, real estate, small businesses, and others.

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June 13, 2021, 04:02:01 AM
 #11

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

So-so performance, it is obvious because of the pandemic and then we have the political turmoil as we will be having a Presidential election next year.

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

Even prior to joining crypto, I already have invested on stocks so at least I have diversify my portfolio and looking for more investments. I have 2 already, but since all of my money is in crypto right now, I would rather stay and HODL for the mean time. If the price bounces back or at least hit the previous all time high, I'm thinking of withdrawing some to invest to those 2 that I'm been eyeing.

R


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June 13, 2021, 04:10:30 AM
 #12

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

Hard to invest when you don't have a source of income which you could have extra money for crypto investment. The stimulus package is good if you could just invest it instead of buying something you don't need. For those who have been in the cryptocurrency space for a long time, they have already figured Mastornodes and staking which they gain money through it. You will see there are users who are also into gambling which they find ways to risk and win.

I'm a bit late into staking but I think I've done well that I accumulate the profit from staking to invest some tokens. And also I make sure I get to earn from campaign so that I can help my investment grow.

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June 13, 2021, 04:26:19 AM
 #13

For now i invest in crypto alone, I haven't started any offline investment yet. But truth be told physical or offline investment is much more better because the risk is less than the investment we have online tho it's requires more time and effort to make an investment grow. Many country's economy isn't good enough and this is more reason most citizens doesn't have any investment offline because there couldn't afford to start up something due to the effects of the economy rather there use the little there have to invest online and start building slowly.

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Dread Pirate Roberts
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June 13, 2021, 05:00:06 AM
 #14

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

In my country the problem of covid is still serious. and they must studying and work from home. and maybe because of this reason why everyone is also looking for investment online and in my country at this time crypto is very hype.
My other investments was property land and house.
magneto
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June 13, 2021, 05:58:26 AM
 #15

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

It would be foolish to concentrate your holdings into just crypto, as good of a long term value proposition the cryptocurrency market currently is. Crypto is way too volatile to be the only asset class you hold, as you'd be severely out of pocket if you needed to liquidate your holdings for whatever reason over the short run.

I personally hold global equities, precious metals, and REITs on the side.

Essentially the strategy is to diversify as much as possible so that if one asset class goes up/down, it'll be dampened by the movement of the other asset classes and over the long run the net balance of the portfolio should grow with very little fluctuation.
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June 13, 2021, 06:22:50 AM
 #16

The economic situation in my country still trying to rise. Many people are working hard to earn money, and they are back to their old job besides searching for a new job. It is a hard situation, but we need to trying to work to make money.

I don't have the other investment and only use crypto for my investment. So far, I can survive in this hard situation, and I am sure that I can make money from crypto. I wish that more people will see that crypto can help them make money, especially if they feel hard to make money.

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awik p
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June 13, 2021, 08:11:09 AM
 #17

in addition to investing in cryptocurrencies, I invest in forex which tends to have low volatility, with lower risk as well. I diversify the capital I have on both, with the hope that the capital on forex will grow although not as fast as in crypto trading, but it can give me a sense of security so that my psychology stays awake

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June 13, 2021, 09:42:05 AM
 #18

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

It's never good to put all your eggs in one basket. That's why crypto is only one part of my investment strategy. I now have the largest part in real assets such as stocks, bonds and real estate, but also a smaller part in precious metals. Crypto is the most speculative part of all my investments, which admittedly, have also brought the biggest return so far, if you look at it since 2013.
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June 13, 2021, 10:55:50 AM
 #19

how will you describe the economic situation in your country at the moment?
Awful...

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?
Just to be clear, I've never seen cryptocurrencies [specifically BTCitcoin] as an investment asset and I've always used it as a "normal" currency and in regards to other investments, I've recently started investing 20% of my income [main job] into purchasing golds.
- I'm also looking into the possibility of either becoming a part-owner in a medical clinic or save more and become the sole owner [the latter comes with a lot of risks when it comes to ROI but I'd have more freedom].

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cryptomaniac_xxx
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June 13, 2021, 11:02:57 AM
 #20

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?
Effect of covid-19 is still here, even though there are vaccines already, some businesses have closed because there is no customers. So the economic situation in my country is not improving.

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?
I'm only full crypto right now, I think this is the best option for me, or at least in the country where I lived it. There are no options open that I wanted, so I would stick to crypto 100%.
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