🎥 Cryptocurrency Market Overview | 24.08.2019
Hello dear Steemians and Dtubers!
In this video, I commented on the current situation in the global economy, according to some useful statistics by IHS Markit. Then I explained what, in my view, the factors are that drive the price increases of safe havens such as gold, etc. In addition, I explained that similar factors may trigger the next bull run in the cryptocurrency world.
Enjoy watching the #video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last over 13 years, and as a cryptocurrency analyst for the last 2,5 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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Thanks for a great video @cryptospa, and interesting to see all those numbers about the global economic situation.
According to the economic cycles that usually takes place about every 7 or 8 years in the debt and interest based monetary system, then we are overdue for a major correction, and because of that the coming crash is very likely to be harder than usual.
And if Bitcoin can scale properly when that happens then as you said it could be a very major hedge.
Also all of this protectionism is in my view a quite desparate move by the people who are in power now to try and stop a more open global world to emerge that will greatly benefit the small people, but that can only be temporary in my view.
Have an awesome weekend.
@flaxz, thank you for the great comment! Very well said!
I just want to outline that when I was a student we use to study that on average an economic cycles takes 5-7 years (according to some theories). But that's just on paper. When I started to work in the financial industry in 2006 I still believed in this theory. Then the Global Financial crisis happened ... and I lost some money that were invested in stocks. Then I researched many crises and at the end of the day I changed my mind. Now, I don't believe in this theory. In my view an economic cycle can be very short (1-2 years), but can be very (10-20-30 years) long as well. That's my point of view.
Yeah, I am pretty sure, that if Bitcoin or any other crypto is able to solve the technical scalability issue, then it will become a very solid hedge (safe haven).
Glad to hear that you're on the same page with me about the protectionism.
Stay awesome!
Ok, that is interesting, stay awesome.
Interesting information about global economy!
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Thanks for share update information
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