Future forcast by me.(just on the base of my intutions)
Warning: Please don't read, its waste of time
Today I was going thru Indian Economy and its future forecast by IMF, Asia Development Bank, Economic survey India 2017 etc.
I also try to analyse the fluctuations in the Bitcoin's rate during the Wannacry cyber attack with help of not so smart brain of mine. So if anybody is reading this(*just hope nobody read this) do know that its not a reliable blog its just my train of thoughts.
Here's my forecast in a short and sweet form:
Gold prices and Bitcoin rate will see a high fluctuations and also price hike in the near future.
detailed one:
As I can see the current World Politics - US Presidency, Brexit, Brazil's current President impeachment and winds flowing against its new and also former vice president , failing economy of few country the most reliable currency is seams like Gold which is being used as a base of measurement of value for many years and also Bitcoin which can't be affected because of any country's government.
In both Gold and Bitcoin many factors determines the value of it but they are hard to control by any one Government but if we break it down to most basic factor then it comes down to Basic Demand and Supply rules.
But we already know that as the time goes there is always a basic rate of increase in the price of everything but i think the day the US Dollar prices falls the demand for Gold and Bitcoin will increase because these two are the only things (apart from other valuable metals) which don't have direct impact (*Actually now i think about i think Bitcoin will be affected because of Dollar but just for a short run because it can quickly convert itself into other currency but for a long run it is reliable and if i look in the past then every time any Government has collapsed which results into fall in the local currency the Bitcoin have become stronger and stronger because of the convenience and mobility of Bitcoin). Sorry lost the track of my thoughts.Actually the possibilities of price effecting factors are endless but As per my opinion the most secure investment strategy at the time of economic crisis will be to transfer my funds into Gold and Bitcoins which would be the thoughts of many people who knows how economy works so it is going to create high demand for Gold and Bitcoin which in result going to increase their value.
Sorry i lost what was i going to write further but the above details definitely would have gave a brief idea about something.
Today I was going thru Indian Economy and its future forecast by IMF, Asia Development Bank, Economic survey India 2017 etc.
I also try to analyse the fluctuations in the Bitcoin's rate during the Wannacry cyber attack with help of not so smart brain of mine. So if anybody is reading this(*just hope nobody read this) do know that its not a reliable blog its just my train of thoughts.
Here's my forecast in a short and sweet form:
Gold prices and Bitcoin rate will see a high fluctuations and also price hike in the near future.
detailed one:
As I can see the current World Politics - US Presidency, Brexit, Brazil's current President impeachment and winds flowing against its new and also former vice president , failing economy of few country the most reliable currency is seams like Gold which is being used as a base of measurement of value for many years and also Bitcoin which can't be affected because of any country's government.
In both Gold and Bitcoin many factors determines the value of it but they are hard to control by any one Government but if we break it down to most basic factor then it comes down to Basic Demand and Supply rules.
But we already know that as the time goes there is always a basic rate of increase in the price of everything but i think the day the US Dollar prices falls the demand for Gold and Bitcoin will increase because these two are the only things (apart from other valuable metals) which don't have direct impact (*Actually now i think about i think Bitcoin will be affected because of Dollar but just for a short run because it can quickly convert itself into other currency but for a long run it is reliable and if i look in the past then every time any Government has collapsed which results into fall in the local currency the Bitcoin have become stronger and stronger because of the convenience and mobility of Bitcoin). Sorry lost the track of my thoughts.Actually the possibilities of price effecting factors are endless but As per my opinion the most secure investment strategy at the time of economic crisis will be to transfer my funds into Gold and Bitcoins which would be the thoughts of many people who knows how economy works so it is going to create high demand for Gold and Bitcoin which in result going to increase their value.
Sorry i lost what was i going to write further but the above details definitely would have gave a brief idea about something.
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