Post
Topic
Board Altcoin Discussion
Re: The current world market situation.
by
Bitcoinislife09
on 10/04/2020, 15:33:34 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.

but for me, at this moment is better to keep our money in Gold or digital gold called bitcoin my friend
regards
If you are not affraid to lose then do it. Make sure you will never need to use your money incase of emergency so you will not sell it wrong time.

As long there are virus every market even stock will continue to decline even amazon, facebook and other popular stocks is also affected in this situation so always be prepared and check all your portfolio.

For me this the time to convert it all to fiat if things getting worste your money is secured in your hand.
This time we are experiencing a crisis because of the pandemic that we have now due to covid 19 disease. With this the world market situation is subsiding. The econony of many countries are subsiding because of the said virus. With this people also experience lack of money and the stock market is also subsiding. In this kind of situation we must be very careful and we must seriously obey the rules and regulations that our government is imposing. Through following it we can lessen the contagion of the virus and eliminate the number of cases.