Obviously, we have seen crypto being hit as well, we've seen it down to almost 50% because of the panic that Covid-19 virus has done. And we haven't seen this before in the 10 years that crypto has been in the market, so we are caught off-guard by it.
I think we've seen the worst fall in 2018 at 65%. The price now is slowly recovering and now at $6.1K and it might be the start and the halving is not even happening. How much more when the halving happens though we don't know if the price will continue to increase. |
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So what do you think the effect of it?
People would be gambling online, obviously. Though I don't really gamble in casinos, I think people will all be going to gamble online. We don't know if they would be using cryptocurrencies but in my case, I just use the cryptocurrencies I have. Some people would prefer online transactions from the bank or debit. I think cryptocurrency users will use cryptocurrencies and fiat users would still use fiat. The only thing that will change right now is the fact that they can't go to casinos and they are stuck gambling at their homes. |
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We can say that day trading is a gamble or a risk but not the opposite.
Gambling is not like day trading. When you lose in day trading, it is obvious that you will lose your money but just a percentage of it on the other hand, if you lose in gambling you can lose all of your money. We can just relate those two in terms of the risk they have but these two is not really the same.
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Right now, I am still betting on some of the rest of the esports tournaments.
Just the two of them, ESL Pro League Season 11 and WeSave! Charity Play. I will be taking advantage of the rest of the games since I might not be able to bet in the next month because of the canceled and delayed tournaments. When there are no games, I also play some online bets. Some of my family members also invite me to play some cards sometimes but we don't bet money but we do consequences if we lose. We are not allowed to go outside without a good reason so we are just in the house all day long.
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[snip]
Nice example by the way.  Not everyone but yes some people think like that and those thing are define people how much maturity we earn in our life. This is not first time crypto currency gone down. It's a part of trading. We already past much horrible time than this one and we also did rise up from that (if we see crypto currency's past). And undoubtedly this time also we will recover as before. That is right, investing in a volatile cryptocurrency, people should expect this kind of dumps. As you said, we've been through a lot much worst than this and that particularly is in 2017. The price fell, yes but always remember that Bitcoin is not a safe haven investment; things like this will surely happen and people should be wary of it. |
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Despite the long and short term, Bitcoin is not a store of value.
The obvious reason for it is because it is volatile. People would say it is a store of value since it is giving a profit in the long term but still, it is so volatile to be a store of value.
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Is there any chance that when the corona virus appears, some scientists have discovered the antidote of the virus itself so that there is an element of intention regarding the spread of the corona virus because there is a business element in it so that the antidote for the corona virus is sought after by many people, this is like a film about spreading viruses that can kill and destroy the economy globally. what do you think about this?
It is a possibility since we all know that before all of this, China had a trade war with the US. I am not pointing my fingers at anyone here but it is just a possibility and right now the exchange of words between those nations are happening. I am not siding anyone here since these two countries are also affected by the virus, right now a hundred is reported dead because of the virus in US, if this is their plot they shouldn't be even having a problem with it. Business? Maybe, just like cancer. |
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Which country's government will be the most affected by the COVID-19 global pandemic, and be the first to go bankrupt, and default?
Obviously, it will be the third world country including China. Every country is affected and based on the people that are being contaminated by this virus, I think it would be Italy though it is not a third world country. Other than Italy, obviously there is China that is the number one country affected by this pandemic. I also read this article you can also see other countries affected by this pandemic. Take care you guys. |
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This could be a time when they would be able to use online gambling sites.
It could be possible that a lot of gamblers would be using cryptocurrencies. I know that gamblers would not just sit in their houses just watching television or playing games. They would find alternatives to gamble and they would be obviously looking for currencies they could use online and they might find cryptocurrencies interesting though banks are still accepting transactions so they might use that too.
crypto thru banks ? thats rare but if ever there are countries do that , im sure they are likely closed too because of the global virus issue . mostly banks dont accept crypto including on our own but i only use a third party provider to convert my fiat to crypto or crypto to fiat and in that way i can use banks or atms . luckily there are few open atm's that we can use here to withdraw . anyway , its good too that las vegas also comply to the lock down and for once they have sacrifice thier business or income potential for the sake of others . i salute them I said, "though banks are still accepting transactions so they might use that too." I am not referring to banks that accepts Bitcoin or Bitcoin transactions, what I am saying is banks that allow transactions through gambling sites. That is why there is that word "too" at the end. |
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This could be a time when they would be able to use online gambling sites.
It could be possible that a lot of gamblers would be using cryptocurrencies. I know that gamblers would not just sit in their houses just watching television or playing games. They would find alternatives to gamble and they would be obviously looking for currencies they could use online and they might find cryptocurrencies interesting though banks are still accepting transactions so they might use that too.
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- last, Playing at one table with Corona patients fleeing QuarantineYou should not do this, mate. this is of no use, even if you win, you will only bring the coronavirus and spread it to people around even your family... In this case, in our we are safe. Malls and other places where people usually gather will be closed because of the pandemic that is happening. Unless you are having a night out with your friends and bond with gambling, better cancel that out too now since they might be a carrier. People can't even buy groceries without being scared of the virus, how much more if you will all be gambling. |
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It is already said that it has no connection at all.
Some stocks might be related to cryptocurrency but it is not directly related and will affect the market as a whole. Some say that it is connected to stock because when the stock fell, the market follows but in that case, I think that is just a coincidence. If Bitcoin's price fell, for this reason, that would be the same but usually every time different reasons with the stock market.
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Why would that be the last?
Because people think that Bitcoin is a scam. They think Bitcoin is just being manipulated by whales so that they can earn profit and if they had enough of it, they will be selling all of it and it will just go to being no value at all losing the money they've invested in it. Bitcoin is volatile, it can also be affected by a lot of other things that are happening in the world, like now where it is affected by the pandemic that is happening. If you have weak hands, better choose other assets to invest in to, Bitcoin and cryptocurrencies are not for you. |
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These are all obvious with a pandemic like this. Corona Virus or now usually called CoVid-19 is a pandemic the world now is facing. Businesses will be really ruined because of this and that is the reason why some companies even encourage their employees to work at home so that they could continue their jobs and at the same time safe from the virus and following the quarantines that are happening in every country. As far as I know, there is this medicine that is said to be green-lighted by the government. It's been a while but we have no updates about this. It is said to take months for a reliable medicine but for now, we should focus on taking our family and our people just by starting with ourselves. Always remember that prevention is better than cure. |
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KYC does not diminish the decentralization of blockchain technology. These things are mostly done to conform to the regulation within the jurisdiction. Besides, there are decentralized exchanges that don't require KYC and you can remain anonymous but the percentage is very small at the moment.
That is so true though. Despite people using bitcoin so they can stay anonymous, KYC is beneficial for users, investors, and exchanges and in the community as well. I don't like the idea of KYC since it is the opposite of what crypto currencies goals are but still, the existence of it is not to kill decentralization but to take care of it. It is beneficial as to add assurance that the people you are dealing with are authentic or verified people. Though some may not want to do it for security because there’s a chance it will be hacked and aside from that KYC for some exchanges are kinda complicated and people don’t like it. For me, KYC has its advantages and disadvantages since nothing is perfect but having KYC make me feel a little secure knowing all are fully verified. I just hope they are all true though. There are some instances where people are using other individual's information. Also, there are this KYC scams that happened in the past, one of them is this one, https://economictimes.indiatimes.com/wealth/save/another-kyc-scam-doing-the-rounds-heres-how-you-can-protect-yourself/articleshow/71452501.cms?from=mdrDespite the advantages of KYC, the danger is always lurking there so be really careful. |
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But the question is, is this the right time for gambling addicts to come out of addiction?
No, this will not stop gambling addicts. Though sports bettings will surely be delayed or suspended because of the game being suspended too, there are still those games that are still ongoing and still not suspended by the owners. Saying that they can still gamble and they will still find a way to gamble. We have a lot of online sites now where they can gamble. They might be addicted to sports betting but I think could try online casinos just to ease those hunger. |
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This year's the International will never be the same with the departure of Ceb from the active roster to Ana and JerAx's as well. Perhaps Sumail and the gang could do something about OG's reign, and there doesn't seem to be any solid-stack team as of late since the conclusion of the recent Majors. With the threat of the COVID-19 still out and about, a few filler tournaments for DPC points might be cancelled, so there's a chance Valve might move the date, too.
Yeah, just like the other sports league I think they will be moving the date or might move on with The International so that they will be keeping the schedule in. Some majors are still not being played and I think this is a problem since there are some players that are wanting to earn points to be invited to TI in Sweden. I hope it went well this month of April, these professional players are at risk with these games. |
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