Post
Topic
Board Economics
Re: This is a total nightmare
by
Mauser
on 29/07/2020, 10:35:02 UTC
This is a total nightmare

Gold is now 1941.25 usd today
Euro value is increasing against the USD ...
What this means is that soon i will have to increase my prices to 5-10%...
BTC is now above 10200 usd ( How in the hell is going to buy btc ? if no one will have money to buy )
Govs are putting us out of business ...


I think i am moving from IT to agriculture (as i got some land ... ) ,there is no way my IT biz will survive like this ...

Don't forget that basically all major governments around the are printing money. The dream if the politicians would be if all people take out loans at nearly 0% interest rates and start investing. I think that everyone here on the forum realizes that the current price levels don't reflect the state of the economy. The aftermath of corona are not fully known because there is still no vaccines yet.
So if you have spare cash and want to invest in crypto currencies I would still think about buy atleast some. There might be a price drop coming for bitcoins if corona intensifies. But in the long run there is no upper limit for the price.