Post
Topic
Board Altcoin Discussion
Re: The current world market situation.
by
bgaf
on 09/03/2020, 10:33:44 UTC
If you don't understand the effect of Corona on the global economy ! In the last 8 -12hrs , the US Crude oil is down by 31% , UK oil by 32%,  BTC by 12% and more  and other trading pair are falling deep. Crude oil seems dead now because they can't export it. Traders and investors needs to be careful now. This might be an unprecedented global recession. Now is not the time for long term Investment in real estate because when it goes bad, all those investment will be sold for pennies. So please hold your cash and follow the news.
There could be a larger reasons behind the crazy downfall of every asset, stock and even cryptocurrency. I dont find it convincing that the major reaeson is that epidemic virus. Yes it might have an effect but I am sure that this is more than just that.

For me this the time to convert it all to fiat if things getting worste your money is secured in your hand.

This is gonma be a tough call, as you can see a major loss isnt easy to spare from what is happening now. What if you bought your bitcoin at price like 9k to 10k, now we are down by huge would you sacrifice the loss? I think panic selling wouldnt help any market solve this crash.