This story is shared by Ethan Goldenberg, a financial expert at Global Asset Finance Limited. Having 10+ years in the finance and cryptocurrency market, he started trading BTC recently. He explains what motivated him to act and which great people inspired him. Ethan also kindly shares his vision of what a bitcoin investor or trader needs.
People are facing challenging times globally because of the COVID-19 pandemic. They mostly affect us in an economic sense. Inflation, unemployment, poverty - global lockdown has brought the world economy to a grinding halt. However, while some people see only adverse consequences, others see more opportunities.
For instance, it is the right time for reshaping and implementing digital strategies and benefit from applying new technologies.
Another question is whether you can count on trading as one of the ways to preserve your capital or even grow it. Is it safe to invest now? How about purchasing bitcoins and other cryptocurrencies – does it make any sense?
Just a bit more of lyrics. Did you know that the Chinese word for crisis is the combination of two words, crisis “危” and opportunity “机?” It’s all about an opportunity in disguise, and you should not be scared of trying something new.
It is true then that crypto works against the grain of the traditional financial system as there is no need for an intermediary in the face of a bank. However, it seems like yesterday, cryptocurrencies weren’t immune to the global crisis.
The digital currency had gone through numerous wild price swings since its release back in 2009. Still, investors have been flocking to cryptocurrencies because of the coronavirus-driven volatility on global stock markets.
It would be unfair not to recall a bloodbath on one of the 2020 Fridays. The major reason is that many people gravitate away from risky assets and revert to survival mode at times of panic. Even after that, bitcoin may not have lost its safe-haven status.
So, traditional currencies keep on losing their value. Many people are still in a panic, having no idea what to do and how to survive. Isn’t it the right time to follow a famous Chinese proverb and benefit from using opportunities? One of the best ways might be trading bitcoins (or just buying BTC and selling it).
The abnormal increase in the investment of crypto in February 2020-June 2020 stimulated me to learn more about this specific type of money and start investing very soon. Sure, there was a rapid, apparent drop in bitcoin’s price later, but it managed to rehabilitate soon. I also discovered how users who invested their 1,200 dollars from the CARES ACT benefited from their decision.
Sure thing: an educated population can predict the devaluation of the fiat currency. What if you have no clue how to do that? Then, investment in popular cryptocurrencies can be a rather prospective venture despite the highly volatile nature. I was relatively new to business back in October 2020, so I had to consult experts to decide where to invest safely, with the highest likelihood of reasonable return on investment (ROI).
Many field experts believe that demand for bitcoins will probably increase in the months to come. Even though the pandemic is not over yet (and no one knows how long it will last for sure), the insider info shared by the financial market analysts claims that bitcoin’s price will go up in 2021. It might be a smooth or rapid growth – no one knows for sure. It means being able to sell your assets for more than you initially invested. Here is what I have discovered in particular after analyzing famous financial resources:
“There is nothing wrong with bitcoin. This currency is free of central bank control; it is decentralized; and it can serve as a store of value for those who lose faith in the fiat money.”
Editor, Insider Monkey
“I believe that this rebellious world is prepared for a decentralized currency that would be controlled by people instead of banks. I agree that crypto still has a journey ahead of it. However, it is getting simpler and simpler to appeal to the wider audiences.”
Co-founder of BitcoinWebHosting.net
“Being a viable currency, bitcoin takes power away from the governments and the FED’s ability to print money into infinity. I definitely love this idea. Besides, crypto is back on track, promising good ROI to those who own it.”
Power Trading Radio Host and Instructor at Online Trading Academy
Please note: purchasing or selling Cryptocurrency carry significant risk. Prices can fluctuate at any time.
Because of such fluctuations, Cryptocurrency may gain or lose value. This is your responsibility on how to handle your own assets.