Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[NoLimits15]

The coronavirus pandemic has prompted the US government to issue relief funds for its citizens who come from low-income families. The government struck a deal to offer around $2 trillion relief funds. The interesting thing is that most people are using those funds to buy more bitcoin in the hopes of becoming rich if it's value increases exponentially one day. I mean what do you guys think of this? Is this a wise idea??

 

[SCAMEXPOSER]

They are using it to buy bitcoin to safe or trade as a means of getting more money to pay for their bills, their palliative funds is very reasonable.

 

[Chibuoj]

That's definitely a good thing to do. The pandemic has certainly created an investment consciousness in a lot of people away from their regular desk job existence life. Now, they know times are rapidly changing. Good thing.

 

[Ewogboka]

The money they are given is not less than $1000 per household so they may be able to spare some amount of money to buy bitcoin to trade or hold.

 

[microunit]

If the government is actually giving out release funds is still a myth. But if it's true, then it's not a bad idea to get some bitcoin. I mean you're going to make profits anyway.

it's not a myth though, as some governments are really giving pandemic funds, it's part of their work as a government to give the needs of the people

 

[Balint098]

Soon people in America will also get their second stimulus check from what I heard. Will they also use this money to buy crypto?

 

[microunit]

Soon people in America will also get their second stimulus check from what I heard. Will they also use this money to buy crypto?

most of them probably will I Think , as bitcoin has been gaining price lately and with that they might get encouraged to buy and invest

 

[faribakhazaei]

The coronavirus pandemic has prompted the US government to issue relief funds for its citizens who come from low-income families. The government struck a deal to offer around $2 trillion relief funds. The interesting thing is that most people are using those funds to buy more bitcoin in the hopes of becoming rich if it's value increases exponentially one day. I mean what do you guys think of this? Is this a wise idea??

We see a toleration between 9000 to 11000 $ value of a Bitcoin now, but how can we make sure whether it is stable or not, fluctuations respect to Bit some times is not that predictable, maybe in long term we see reaching to 20000$ or more, right now, have no idea

 

[Ewogboka]

Stability in the price of bitcoin and other Crypto currencies are inevitable , the can only fluctuate within a range for a while and later rise up or fall depending on the force of demand and supply.

 

[Tragic]

This suggests that these people are lazy bums and not needy. I believe that the state is obliged to pay us monthly income, but I also think that we must all work for this. Otherwise, workers will pay for lazy people. What's good? It makes no sense to work. But then it is death to development and degradation, death to the country and their prosperity.

 

[Ewogboka]

People are not lazy but the situation warrant them to be where they are or the state they are, the government is expected to palliate the situation which the US government is commendable on this. People can choose to what they want with the parliative funds.i

 

[Josemendez]

I think they are doing do because of the fact that bitcoin has been approved by US government. Banks can now secure keys for users .
However the should be aware of the volatility with bitcoin .

 

[Deyiang]

The coronavirus pandemic has prompted the US government to issue relief funds for its citizens who come from low-income families. The government struck a deal to offer around $2 trillion relief funds. The interesting thing is that most people are using those funds to buy more bitcoin in the hopes of becoming rich if it's value increases exponentially one day. I mean what do you guys think of this? Is this a wise idea??

This is very good because nothing as good as investment.
Instead wasting the money in some non useful things let them invest. Who knows

 

[Deyiang]

Appreciate the smart work by US citizens, In this way they can easily start their own digital trading and hence can get huge profits if their trading skills are good.

Infact the US government as really shown that they their citizen at heart. To be honest many will make good use of this opportunity to better their lives. How I wish other countries can emulate this

 

[Zihann]

In our country, government are giving away funds too. But they are giving to the selective persons and the most annoying thing is cryptocurrency aren't allowed here.

 

[Niftyicon]

In our country, government are giving away funds too. But they are giving to the selective persons and the most annoying thing is cryptocurrency aren't allowed here.

Same with the government here. The palliatives been distributed did not go around as it should and a lot of people have not even received any.

 

[Mortified_Penguin]

I would say no it is not a good idea to buy bitcoin unless you can use bitcoin to make money every month with it. Matter of fact, I would argue it is better for the average American to buy USDC (a more stable crypto currency) and invest those USDC into platforms that would pay the investor interest for keeping their crypto there. It's a much better move than buying a more volatile coin and if god forbids, the value of Bitcoin goes down (which many people are saying it's bound to happen sooner rather than later) than the investor won't lose their money.

 

[SCAMEXPOSER]

I would say no it is not a good idea to buy bitcoin unless you can use bitcoin to make money every month with it. Matter of fact, I would argue it is better for the average American to buy USDC (a more stable crypto currency) and invest those USDC into platforms that would pay the investor interest for keeping their crypto there. It's a much better move than buying a more volatile coin and if god forbids, the value of Bitcoin goes down (which many people are saying it's bound to happen sooner rather than later) than the investor won't lose their money.

The USDC coin is not Crypto Currency, if you are going to be using the USDC to invest into Crypto currencies it is the same as using the money to buy bitcoin because it is also a Crypto currencies.

 

[Ewogboka]

The last palliative funds that some Americans used in buying bitcoin few months ago will have made them good amount of money as profit by now.

 

[Mortified_Penguin]

The USDC coin is not Crypto Currency, if you are going to be using the USDC to invest into Crypto currencies it is the same as using the money to buy bitcoin because it is also a Crypto currencies.

Your right that it is a stable coin. But you misunderstand. Rather than buying USDC to buy Bitcoins, you buy USDC to deposit it in a interest account that generates free USDC for the investor. Some platform offer interest rates up to 8.3% for USDC, shit even Coinbase is offering interest for USDC. The point of the matter is, now's the best time to invest.

 

[SCAMEXPOSER]

Your right that it is a stable coin. But you misunderstand. Rather than buying USDC to buy Bitcoins, you buy USDC to deposit it in a interest account that generates free USDC for the investor. Some platform offer interest rates up to 8.3% for USDC, shit even Coinbase is offering interest for USDC. The point of the matter is, now's the best time to invest.

I am open to learning , i didn't know that USDC deposit now yield Interest, is it possible to deposit it and withdraw after a month or it must be annually.