Post
Topic
Board Altcoin Discussion
Re: The current world market situation.
by
coingrowth
on 10/04/2020, 08:34:20 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.

Someone will ask that the funds that are leaving crude and stocks, where is it going ? It's simply being rolled into Fiat because everyone is careful of Investing at this time.
I should have listened to your warning, if I did it would have fetched we over 0.6 BTC presently, I never thought that the virus will affect crypto, I buy back at 9k and since then I've been swimming in the pool of loss

Due to current Pandemic, many countries are facing crises with lots of things because they cannot export and import oils to other countries. So we should be very careful with the current situation, instead of buying now, you should wait for some more days in order to collect the coins at low prices.