IS THIS IT? BITCOIN CONTINUES TO SURGE BUT IT MAY NOT BE SMART TO INVEST YOUR FUNDS NOW????
Hello my friends and steemit community. Hope all is well and everyone is as safe as possible. We are facing hump day and the hardest part of our week is over. Don't know what part that is you say? Well I believe starting the week is the hardest part. I mean to have the week mapped out and start it off on the right foot, I feel is the superior start to success. Which leads me in to our current debate crossing the air ways and IP addresses. Is this it? Is it time? How much should I invest? Some say this a apart of inflation due to the pandemic. Some say this was destined to happen following Covid-19, and crypto is finally on the rise. Today we will discuss both ends of this argument.
ALL INFORMATION HAS BEEN RECEIVED THROUGH OUTSIDE RESOURCES LIKE PUBLIC RESEARCH AND PUBLIC RECORDS. I AM NO FINANCIAL ADVISOR AND I AM NOT RECOMMENDING YOU MAKE ANY CHANGES TO YOUR FINANCIAL INVESTMENTS OR STATE
Argument (A)
As I weed through the forbes I come across a article where according to Gavin Smith, the chief executive of bitcoin and crypto consortium Panxora. "Our view is that we still believe the markets are pulled on the one hand by the inflation hedge story driving bitcoin higher while at the same time the global economy is suffering a massive demand shock with the potential to drive bitcoin lower." Now this to me community sounds like one or two things. This man does not have the proper intel to give a valid prediction while basically having faith in something he cannot control. Or he does know what he is talking about and just placing blame elsewhere to continue good attitude on Bitcoins behalf. Further more as I come across a cross statement by Binance chief executive Changpeng Zhao (CZ) last week. Literally throwing out warnings like"People should not take the description of bitcoin as a safe haven asset too literally."Hhmm, now people this man seems for sure about his aggressive perspective regarding Bitcoin.
Argument (B)
Did not take me long to find the opposing argument being that there are so many of us positively backing our investments. We have collectively embraced crypto on all platforms to the fullest degree. As Bitcoin continues to soar effortlessly we continue encourage new investors for example according to cointelegraph.com research " The lag between infection cases and deaths is around two to three weeks: This means that whenever the epidemic resurfaces, according to data obtained from the first wave, this happens predictably, in risk groups and regionally.
Exposure to blockchain-based assets is concentrated among young male professionals aged around 30. If we observe new entrants in the blockchain asset classes among consumer segments, we may observe that the greatest numbers of new users have been coming geographically from countries where the local currency is experiencing high inflation, concentrating roughly in Africa and Latin America. Socio-economically, they are middle-class professionals. While most are Bitcoin maximalists, there has been an increasing interest in the altcoin markets."
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People we should always be looking on both ends of the sword during times like this. We must remember that value comes in many forms and fashions. Making decisions for the future has always been known to be wise . At the same time we must remembering what is most important can become the most difficult challenge we face on a daily basis. Till next time my friends continue to steem & continue to stay safe. Peace!
