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The highest price of Bitcoin at the beginning of 2020 was located on February 12, 2020 at $ 10,328.90. The Covid19 Pandemic was declared on March 11, 2020. What happened next? The price of Bitcoin fell to the lowest price in that same month to $ 5,389.40. Obviously there was a big effect on the price of Bitcoin that has been surpassing to date until it reached the resistance of ~ $ 10,300.
For humanity the vaccine against Covid19 is good news and will propel the markets to economic recovery.
As we know there is a challenge to recover the economy, the countries of the world have lost a lot in this crisis. But it has the human resource that is invaluable to restore and grow the economy. If we believe it, we will overcome all obstacles.
IMO the price of Bitcoin will not break as a result of the arrival of the Covid19 vaccine.
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On the internet I did not find anything related to the Olympics of mathematics and economics. Whereas I did find an article about the iPhone factories in China that are back to normal due to the pandemic as of May 15th. In these factories they advertise that there is a great production but a frail economy as we naturally expect it. I also agree that human resources are valuable in Asia.
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The economy rises and falls due to various factors.
A more recent example is the one we live when it was declared that the world was suffering from a pandemic. The prices of oil, the stock market, bitcoin and cryptocurrencies fell, the uncertainty, the blockage of economic activities all together makes the economy move slowly.
In times of a rising economy, it is due to the fact that there are good market policies to satisfy the supply and demand of the goods and services of nations.
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I live in Venezuela so I can give my opinion of the experience that Venezuelans have without cash as a result of our economic instability.
Just as Europe has thought about Digital Euro to meet the growing demand for immediacy with digitization, governments want to prevent European citizens from suffering from a lack of cash because the pandemic has advanced us in the digital age.
The Bitcoiners community already has a good experience in digital transactions, so this fact is easier for us to accept. In the meantime, it would be interesting to know the public consultation that will take place on October 12 through an ECB survey.
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We are so curious about what will happen when all the Bitcoin is bought, that we are already imagining the whales taking it all. We shouldn't worry about that because there is still 2.5 million BTC for miners to discover. |
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I think that the volatility of Bitcoin is due to the fact that large investors are not interested in the potential that Bitcoin has but they use it at their convenience and they get richer and richer by manipulating the price. Maybe this is a mistake. Another point such as a technology that allows you to make fast transactions and the cryptocurrency market is growing exponentially, the funds that were initially from Bitcoin have been transferred to other cryptos.
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There is no perfect crime, investigations always come to light. Frauds are committed by an inner vulnerability in most cases. It is honestly good news that most of the affected projects could act in time preventing the hacker from getting away with it. It's a shame that the 3rd anniversary was marred by this fatal event.
I love KuCoin because it was the first exchange that I learned how to exchange tokens for other cryptos. Not everything is bad from here comes a learning and desire to improve the security system of KuCoin. Applause to CEO Johnny Lyu and the entire KuCoin team.
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It is completely true, security could be 100% effective but a data would be created where it would be affecting privacy and decentralization. The article does not mention how to protect privacy and who will have control of the data. That would be a point against but the proposed system would solve the problem of online scammers and especially of Bitcoin and cryptocurrencies.
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I also recommend as the mate said, do not copy and paste content because it is considered plagiarism.
In relation to the digital India program, it seems good to me, but like any process it takes time. The population must be educated and the Indian government must provide the technological infrastructure for the program to run smoothly. It should be an inclusive program where everyone can participate. As not everything is perfect, there will be some challenges that must be overcome so that the tools and technology reach everyone.
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I also think that you should show your mother that you are not a fool and that obtaining cryptocurrencies is from very smart people.
Without having a bank account, the best option in your case is an ATM to obtain a $ 100.
You have the opportunity to convince your mom that she believes in cryptocurrencies.
I support my family with cryptocurrencies and just like me there are other members of the community who also do it with their families.
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Due to the birth of cryptocurrencies and the need to diversify their use, developers of blockchain-based projects create DeFi decentralized finance.
Although you can obtain some benefits that the bank offers, its characteristics are different. The DeFi are decentralized, you are in control of your funds and without intermediaries.
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I don't think cryptocurrencies will replace Fiat. Cryptocurrencies are opening up opportunities for those who move the money necessary for their economic activities, whether in investments or deposits. Cryptocurrencies would become a new asset that should be added to the total of assets.
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All Elon Musk Giveaway are a fake. A few days ago I saw a live broadcast on You Tube with the same scheme. Scammers do not stop creating all these events that harm the crypto spaces. At least we have been able to detect and report them to prevent them from continuing to commit their scams.
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The current price of Bitcoin is well in relation to the price we observed at the beginning of the pandemic. Although it has had a setback I am optimistic that we are in a bullish race. The best expression about Bitcoin is that its price is unpredictable. Bitcoiners have a long experience of its behavior which makes them strong and consistent with their support.
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I have not borrowed from Nexo yet but I always take a look to see how their line of credit works. It strikes me because I can borrow without selling my crypto. Nexo has a line of credit from $ 10 to $ 2 million. I would try with small amounts to test if it meets my expectations. https://nexo.io/borrow |
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No news of Trump getting the infection, only Ivanka got the infection at the moment. I can count several incident in September/ October that should have dump the market so badly after the sushi hack but the dump was mild. Second Defi exit scam, Kucoin hack, Rumour on stock market dump, Bitmex refund, Salt ICO refund, They are related to daily crypto trading and could not dump the market. IMO it looks more bullish
Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!https://twitter.com/realDonaldTrump/status/1311892190680014849?s=19I am equally optimistic that Bitcoin will continue its bull run despite the nervousness that we all suffer at any moment. We have gained a lot since the beginning of the pandemic and we will maintain the conviction that the price will not fall. |
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I also dislike all kinds of scams where they link to Bitcoin. Because there are so many laudable activities for the good of all that can be done with it that ill-intentioned people take advantage of Bitcoin and common people when it comes to learning about Bitcoin lose confidence.
I have done some practice in trying to teach What is Bitcoin? and its use and I have not been successful. The fact that Bitcoin has not achieved massive adoption is because people have not learned to use it.
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My mom just turned 66. She likes to learn things on You Tube, she also likes to read the Bible, I think that a video directed at them or Textbook could be ideal for learning about Bitcoin. She has also learned to use a Smartphone and Tablet with my help. By this I mean that we must be patient with our family members to teach them what Bitcoin is and how to use it.
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Sad news for OpenBazaar. I sincerely hope they survive. They need strategic alliances, Marketing and of course product.
There are projects that grow very fast and others take years and show difficulties like OpenBazaar. Despite the current crisis, crypto projects are at their best, the industry has become more digital and must continue with its advances and transformations.
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