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Author Topic: Are you investing in crypto currency alone?  (Read 691 times)
Reatim
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June 13, 2021, 11:21:12 AM
 #21

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?
I have no other funds to start another investment aside from crypto so Yeah if talking about direct funds then I only investing in cryptocurrency .
But if including time as investment? then yes there are other thing that i am investing my precious time like Creating Videos/Blogs nowadays and talks about gardening and Aquaponics and yes now i am starting to earn little by little from Youtube and other areas where im sharing my works.

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June 13, 2021, 12:05:49 PM
 #22

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 so happened that at the moment I invest only in cryptocurrency and work only with it. In the country in which I live, I cannot say that they are loyal to cryptocurrency, but they also do not tighten the screws to use it. I invest in cryptocurrency because I see that it can bring me excellent profits, which means it will improve my financial situation. Also, cryptocurrencies are the fastest growing assets, which means that investing in them is very profitable. I also understand that cryptocurrencies also have high risks, which means you need to always be on the alert and monitor changes in the crypto market.
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June 13, 2021, 12:12:21 PM
 #23

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?
I'm from a developing country, so there were no relief packages from the state here. Luckily, I didn't lose my job and overall my financial situation has been okay throughout the pandemic, but that has not been the case for many other people. Overall, we didn't have a good economy before the pandemic in my country, and now it's even worse than it used to be. The prices for food are rising, and the utility bills are up 35% from last year.
As for investments, I'm only hodling Bitcoin and a bit of altcoins. I'm not interested in traditional investments, and I never was.

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June 13, 2021, 12:21:02 PM
 #24

My country's -Nigerian- economical situation is a tragic one, and this has been so even before the corona virus, bad government has left my counties economy gasping for air, although it has gotten worse because since the corona virus pandemic many has been laid off work or their local business having to start a fresh, and coupled with the shady politicians who took advantage of the corona virus.
For now am thinking about agriculture, this use to be my counties major export and source of income uptill when crude oil was discovered in Nigeria
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June 13, 2021, 12:52:53 PM
Last edit: June 13, 2021, 05:03:34 PM by YOSHIE
 #25

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?
if you talk about the pandemic and the economy, of course you have a negative and positive relationship.

The negative and the positive side: the pandemic is one of the biggest economic disasters for society to hit the world today, many people rack their brains to restore the economy, investment in alternative crypto that is widely taken by the public, it's no wonder that various types of crypto have sprung up, to be honest for me apart from investing, I also do stocks on government exchanges at the moment, but not in crypto, but shares in fiat currency, this is also the best alternative I currently do.

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June 13, 2021, 01:48:29 PM
 #26

As of now, I am just investing in cryptocurrency alone due to that I don't have some knowledge of the stock market although they say that it is also the same as investing in cryptocurrency but still I am a bit afraid due to that my knowledge in the stock market is not enough in order to take profit on it. But I am planning to do some research and try to invest in the stock market so that the knowledge I have will improve in terms of investment stuff.

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June 13, 2021, 01:48:33 PM
 #27

Although indeed the economic situation is unstable, especially the finances of each person.. but little by little can improve it slowly. In my place there are still many people who prefer to invest in gold, and maybe the concern about crypto is still there, but not with me personally, I still want to invest in crypto  also I still believe even though it fluctuates from time to time.
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June 13, 2021, 01:49:14 PM
 #28

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?
The economic situation is not optimal as I have seen many business going bankrupt where I live, especially restaurants as even right now people are not going there because as we know that is a luxury and it is cheaper to prepare the food yourself than to go to a restaurant, and about my investments I am only invested in bitcoin, however this is not really my fault as you need to be already rich if you want to invest in the stock market.
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June 13, 2021, 02:31:21 PM
 #29

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?

Some people have their own way of making money or adding to their economy during the current pandemic. If it's only based on crypto, that would be a very bad thing. I'm not sure if I just rely on crypto for daily food. Maybe some people also have social media that makes money like having income on google ads. You can also see that there are people who have businesses that are done online. (online shop)

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June 13, 2021, 02:44:14 PM
 #30

İnvesting on gold and dollar is another type of my investment. But also self-investment is my priorty to get better and better 🤗

gold is good if you have real gold with you. if it's just in a trading platform, it's useless. the price is going up though after years of being dormant. its best to invest in properties or acres of land.

since op is saying about his economic situation i think what he might be looking for an asset that is generating income which the crypto market can offer. there is so much to explore actually with Defi and staking.

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June 13, 2021, 02:54:59 PM
 #31

The economic situation in my country is gradually getting better, not that i can say it's great yet, however since it's been so long since the pandemic, things are already adapting to the new situation. For me myself, other than crypto currency, i invest in stocks and deposits. Many stocks are getting cheaper since the pandemic, so it's best time to buy great stocks with lower value, like crypto too. Other than that, i put my saving in deposit. So i can have emergency money while still able to gain profit from them.

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June 13, 2021, 03:37:19 PM
 #32

It seems like the cases are still increasing here; hopefully, this pandemic will be over very soon.
I still consider investing in crypto for the sake of increasing my asset value in the long run, but investing alone in crypto is such a risky move,
there's still a lot of investment options, things that can make you grow as an investor.

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June 13, 2021, 03:44:55 PM
 #33

Economy is very fragile all over the world as a result of the pandemic, things are trying to get back to normal but as effective as everyone would want, things are not very smooth in my location either so in the main time am mostly invested in crypto, also invested in some offline business (just a little capital) but crypto is my main investment since I can have full control of it and monitor its movement anytime.

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June 13, 2021, 04:03:52 PM
 #34

     Honestly, the economical status of our country is getting worse and worse as days go by with all of this modified community quarantines. Lots of people have been losing jobs and the unemployment rate just rises non-stop because of businesses closing or having lesser opening hours. Currently, I am only invested on crypto currencies since it has the least requirements at the moment and stocks right now here in my country aren't really doing well. If I could easily invest on foreign stocks though, I would gladly do so, too bad the availability for this isn't in a good state. :/

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June 13, 2021, 04:17:30 PM
 #35

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?

for now I can only invest in crypto because I don't have enough capital so the investments I make can vary, my mission if I have large capital will try to invest in property so that it can be useful in the future and the profits can be passed down to children and grandchildren me later
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June 13, 2021, 04:19:36 PM
 #36

As for now, I tried to invest in other possible ways like the stock but cryptocurrency is one of the tops and does not me fail before I took part in it I just required my self having full knowledge and insight experience to the path I'm taking with.

As for now, I tried to explore different sides of crypto like the NFT, DeFi, and more as now I'm gladly part of the different crypto games this is one of the best investments you can lose in the market volatility.

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philipma1957
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June 13, 2021, 04:22:57 PM
 #37



I am usa based
In alphabetical order
my wife and i have:

bonds
cds for ira
crypto
gold
silver
usa forever stamps

A home 🏠 that is paid off.

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bitzizzix
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June 13, 2021, 04:31:14 PM
 #38

My wife and I make different investments, I invest in some crypto especially bitcoin and my wife invest in gold metal and although the amount is not very big but both will be a priority for me and my wife to be able to make purchases when we have more money.
and when we have an urgent need, gold will be sacrificed and sold as needed, because I invest in crypto for long term and when profits multiply I sometimes do part of the profit to sell and to go on vacation.


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fullhdpixel
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June 13, 2021, 08:19:58 PM
 #39

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?
For now my only investment has been cryptocurrency, and I have not invested in any other assets. But I have plans to widen out my portfolio and invest in other assets , though I'm yet to decide which other assets I should be investing my money and I hope to find better ones. And I also have plans to invest in more cryptocurrencies and not just stocks.

The situation in my country has not been all that good, and I think it's high time I look for bigger means to help my family. A lot of people this time around are even looking for ways to leave the country because how bad it has been. It has not been all that easy. I think the Coronavirus really made everything worse for people around the world, especially for those in developing countries.

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SquallLeonhart
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June 13, 2021, 08:31:14 PM
 #40

Economy is very fragile all over the world as a result of the pandemic, things are trying to get back to normal but as effective as everyone would want, things are not very smooth in my location either so in the main time am mostly invested in crypto, also invested in some offline business (just a little capital) but crypto is my main investment since I can have full control of it and monitor its movement anytime.
I think pandemic caused the economy to go down but it also caused it to have more advantages as well. I have found so many "used" items that was cheaper than I could ever expect, whereas when I look at the previous prices it was even more in second hand, and this is after those items got even some tax increase as well so it is really a marvel that the price dropped when it should have gone up with inflation.

This is just used items, and we are talking about something much bigger here, real estates, gold, stocks and many other things that you could invest all went lower and you could have bought them and you could have sold them at current prices and made some money. So basically pandemic caused a situation where people who had money in their pockets who could make a profit whereas people who didn't had anything was in big trouble because of it.
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