Post
Topic
Board Altcoin Discussion
Re: The current world market situation.
by
Paycoinzzz
on 17/04/2020, 06:09:44 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.

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 as of now, the market is recovering strongly, especially in the US. After the strong sell-offs of investors made Dow 30 drop to over 18k and after only 2 weeks, the market is growing again. It seems that people are now looking for and buying potential stocks at cheap prices. The recovery is quite strong but I think in the future it will continue to fall free. the epidemic situation is still very negative and has not seen a single ray of light, cases continue to rise high for many countries with large economies. Therefore, people should still hold cash and should not make any investment moves at this time.