Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Marketplace & Bitcoin Services => Advertise Your Stuff => Topic started by: frednna on August 27, 2019, 01:24:30 AM
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The economic recession witnessed in 2007 was indeed a bitter global economic experience. So, when recently the US Treasury yield curve inverted for the first time since 2007, investors no doubt understood the signal as another impending recession. Beyond this, the uncertainties of a no-deal Brexit, the skirmishes in Hong Kong and with the commensurate retaliatory position of China to US tariff hike; China setting Yuan stronger than expected, the hostile directive by US authority to indigenous company to make alternative solution other than China, and many more in the offing. There is no hope that the trade war will stop anytime soon. It is obvious; the continuous trade rift between US and China is already spurring a global economic heat up whose unchecked end could only be imagined than experienced.
The rub off effect of all these uncommon changes may be sporadic for a while but will not go unnoticed for a long time as the tussle for supremacy lingers. Take for instance, Germany GDP dipped for the first time in recent years and this may puts her in a danger of economic meltdown. Come to think of it, Germany is one of the economic giant in Europe currently. The entire European economic outlook seems to be pointing south as they brace up for a likely economic slump. Mostly affected are export relying economies in the wake of this face off.
The necessary escape window
The last recession caught many unawares; it was never envisaged. Many would have done the needful if they saw the hand written earlier. The aftermath of that awry experience gave birth to bitcoin and by extension Cryptocurrency that is yet to be accepted globally. The thinking here being that it will be a hedge for the rainy days when subsequent recession comes calling.
Although bitcoin has not rallied as expected, it is not affected by the overall market dip already experienced by the NASDAQ and other related global market indices. Many hope that respite and the needed succor could be found in bitcoin as the global equities plummet in the face of yet another economic meltdown. This may also see the bitcoin heading north like in 2017 or even surpassing that experience. Standing at a little above the $10000 mark, bitcoin is significantly dominating the cryptourrency market cap with over 60% and has for the first time crossed the $100 billion record since its inception. Many people already seem to be looking the way of bitcoin.
A recap of the 2008/2009 surviving formula
The bailout system that is ridden with uncontrolled dollar printing by the state to the public coffers as emergency rescue services to insolvent companies that filed as one may not really be a smart way out in the face of another economic meltdown. A negative resultant effect of this prior exercise transcends through the global economy for a long time. For example, a $1 dollar bill today has a far lesser value than a $1 bill in the 90’s. Many think tanks in the global economy feel that a more proactive approach should be implored and adopted when needed.
Other available options
One of such proactive options could be to diversify into emerging and evolving technologies like that provided under the auspices of IGNITER100 (https://office.solmaxglobal.com/signup). IGNITER100 (https://office.solmaxglobal.com/signup) is a technology incubator. Besides, it has recently launched some disruptive companies in the Fintech industry which investors could benefit from on a long term arrangement. This could be the magic wand that may provide the security needed for an economic turbulent time like ours. It is also not out of place to do the same in the face of a fair prevailing economic environment. For further enquiries email [email protected]
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