14/08/2017
Is Global Economy really trashing?
📉 The Economy is Crashing - Is Bitcoin the Answer❓
Bitcoin. Ethereum. “The Blockchain.” Cryptocurrencies are all the rage these days. I did a podcast about Bitcoin all the way beck in 2014 when most people hadn’t heard of it yet. Back then, a single Bitcoin sold for $500 or thereabouts. (Now it’s over $2,000!)
At the same time, people following me know I firmly believe that an economic crash is on the horizon, and I want people to be prepared. So naturally, I get a lot questions these days if I think Bitcoin and other cryptocurrencies are a good hedge against what’s coming.
My answer depends on:
1. A person’s tolerance for risk.
2. If they’re looking to put all their eggs in the Bitcoin basket?
3. How much they have to invest (and to lose).
On the one hand, I applaud Bitcoin and its cousins for going around the Federal Reserve (which just prints more money whenever it wants and is set up to rip people off).
Bitcoin promises that there will only ever be 120 million “coins” and they will never make any more.
On the other hand, investing in Bitcoin is hugely speculative:
- People who bought 100 coins back when it was $7 are millionaires now.
- Others have lost 20% or more on paper so far.
- It’s hard to see what its real value is based on.
- Rivals like Ethereum may topple Bitcoin as the prime cryptocurrency.
So, while it may be fun to take the crypto roller coaster ride (with money you can afford to risk), I don’t see it as a reliable strategy on its own for surviving and thriving in the next crash.
There are no silver bullets!
However, there are some tried-and-true strategies that will help the people who deploy them. Those people can actually make more money during the next crash (which is coming by 2018 at the latest!)
- Buy real estate 🏠
- Own a business 💻
For someone who wants to start a profitable business fast, one that is practically crash-proof is an online business that sells information.
There’s no physical inventory, no big startup costs - and best of all, there are proven blueprints to help new business people be successful.
My friend Anik is one of the people who can show the way, because he’s been there.
He started his online business about 15 years ago, before anyone really knew how it worked.
He worked hard to learn every strategy he could. After 18 months, he had nothing to show for it, but a head and hard drive full of competing ideas and a nearly empty bank account.
But one day a “mystery” mentor from an online forum reached out to help.
This person cut through the clutter and showed Anik a few simple steps to follow instead. And finally, that very night, Anik began to make money online.
The rest is history…
His business has brought in $120 Million (including during the 2008 crash) and just keeps on going. And it still relies on a few simple core strategies that just work.
He’s proven it not only with himself but with thousands of students around the world over more than a decade and half.
Want a new way to start a money-making business in an industry I believe that will thrive even during the next crash?
Then join Anik and me for our FREE training on how Internet Entrepreneurship can make a person rich - no matter what the economy or the currency markets do!
Go here to register for this FREE training:
👉 http://meadia.co/6HOFRT0
It’s not speculation to predict that the information boom will continue because it’s based on human behavior. People will always be hungry for the information they need in good times and bad!
Go here to register for this FREE training:
👉 http://meadia.co/6HOFRT0
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SOURCES
- Cheng, Evelyn. “Bitcoin surges to record above $2,500, bringing 2017 gain to more than 150%.” CNBC Markets. 24 May 2017.
