Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
Everything has been affected by this corona virus even the BTC. We have seen the price of crypto drops down when corona is spreading through other country and not just crypto but also stocks. So corona virus isn't just harmful to fiat currencies but to the economy. But the issue here is the people who only uses fiat currency and not crypto. How about them? They aren't knowledgeable to use digital currency, most especially those people who are in a lower class. The only thing they know is to earn fiat money and they are the one who are prone in getting the virus. We need to help them to learn how to use bitcoin or somehow let's advertise bitcoin in our community to help also mass adoption of it. People have nothing to do but to continuously use the fiat if we will not take some actions in helping them adapt continuously improving technology. We have nothing to do to the price of bitcoin but to be patient and hope for the bitcoin to rise again. |
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I don't know how bitcoin will help during lockdown. Because you could only make transaction between blockchain but if you are unable to cash out on real cash then bitcoin wouldn't help you on that case. For real cash you have to go bank, exchange or ATM where support bitcoin withdrawal.
It is true, sir. We need ATM for bitcoin withdrawal. If it's locked, how we can make it be cash. I think the government won't lock ATM because it has a vital role. I can't imagine how people will cash out once the government totally locks all bank facilities, including ATM. Should be fine everything as soon as possible otherwise global economy will collapse totally and we will face more problems especially for foods.
I hope so. But we don't know how long this pandemic will be happening. I think it will be easier to stop once all countries have the cure in a sufficient number. And they have the technology to burn off the virus effectively. It depends because there are countries now that you can pay some transactions using bitcoin. Buying goods, payment for bills, donation, and etc., it also depends if your country is already allowing bitcoin to circulate the economy and can be manipulated by the citizen. You're lucky enough if the government is supporting those bitcoin holders. This pandemic will also help people to promote and use digital currency or digital platform because people are used to pay necessary things using fiat currency. Bitcoin doesn't really required to have an ATM but the purpose of the ATM is for the business who doesn't accept digital currency. |
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Majority of casinos are now closed but anyone here succeeded in inviting a friend to play online gambling now that casinos are close
indefinitely, I'm sure a lot of gambling casinos are open to playing in online casinos at this current situation.
Yeah, in my experience I successfully invite my friend to use an online gambling instead of land base casinos as most of them are close due to lock-down that is happening in our country right now. I have told him that there are many online casinos right now but what I gave to him is the website that I currently use in order to avoid any problem in the future like cashing out problems. I also don't like those gambling sites that are good for nothing, like they are giving only the players a very less chance to win meaning the percentage for the house to win is pretty high compare to the players. Online casinos are good especially if there are no cheating that is happening. I don't invite, I suggest an alternative to physical casinos or gambling. I tried to inform my friends to try online gambling as they are impossible to go outside because of what is happening right now. Also online casinos doesn't require you to go outside to withdraw money, you just need to safely use your account wallet or it is better if you have crypto wallet. Faster and safe transactions will help you to enjoy online casinos without hassle, and also you don't need to use your car or bike for transportation because you can play just by sitting down or lying on your bed. But the only cons of playing online is that there are more scammers and hackers so you need to be careful of the gambling platform that you will use. |
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We all know how gambling does really makes us feel good especially if we're tired and we won a decent profit from gambling. That's why it is good to talk about the excitement we feel while gambling but here's the question, what is more fun to play? Gambling physically, or gambling using bitcoin online?
For me, gambling physically is really good especially if you have a lot of funds to play, but with the alarming COVID-19 virus, it is quite dangerous especially to play tangible equipment that people are using so at this time, online gambling through cryto, on the other hand, is more reasonable,
1. Gambling using bitcoin is fast, you can deposit amount, withdraw your funds, faster than other platforms available.
2. When you are gambling, one thing you consider is your anonymity, and with bitcoin, you can play no matter who you are, with you identity isn't at risk.
3. Games from cryptocurrencies are probably fair, you can guarantee that you can win with a 50/50 chance.
And in addition, based on my experience, gambling through cryptocurrency allows you to play even without a fund deposited because of some gambling platforms allows players to use faucets so if you are not a hardcore gambler, then you don't need to worry about putting much amount just to play.
If you have any other reasons why gambling online through crypto is the best, please share it.
Right now the COVID 19 virus is the big reason why people who cannot stop gambling to just gambling online, if a gambler will be playing for the first time online, he should get an advice from those who are already playing, so he will have a guide and knowledge on how an online gambling works and he can play comfortably. It is obviously much better to gamble online using crypto as it will help you to prevent getting the virus. Also online gambling will help us to promote crypto most especially for those people who only use fiat currency in gambling. This is the right time for the cryptocurrency to become more use instead of tangible money. We can donate crypto for the community to help them have foods, medical assistance, and etc., so that they will notice and they will be informed that crypto is not only a store of value, but a digital currency that will help our economy grow during crisis. Somehow, it will also help us to play online casino without going out just to withdraw our money. We just need to be careful in accessing our accounts in which gambling platform we will play and bet. It is better to stay at your home than to acquire the Covid-19 from the customers who plays also in casino. |
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It nice to try to find good in every situation but negative impact of this virus is much higer than positive
At this particular moment of course it is but this is a narrow window in time and it will pass. What it leaves behind is where they may be positive changes. People will reevaluate their own preparedness and health, the competence of their government, the value of the real people who keep the country running. I genuinely barely remember swine flu and whatever effects it had on society will have been subtle. This may end up with fewer deaths but it'll be remembered and acted upon in a much more vivid manner. But still, the whole world is not giving up on the virus and we will fight until this virus ends. Although there is no exact time and date when will the vaccine will be discovered but I know that our scientist and governments are working on its way to success. Let's help them and support them just by following what the government have told us to do. They know that by community quarantine, it will lessen the rate of transmission of the virus and to increase the recovery than the people getting infected. Some people are still blaming what are the government is lacking of, but still they are doing their best just help the people in its country. I genuinely barely remember swine flu and whatever effects it had on society will have been subtle. This may end up with fewer deaths but it'll be remembered and acted upon in a much more vivid manner.
This Covid-19 pandemic will surely be listed in a history where it killed a lot of people most especially those elder people. Hoping that the 10,400+ death toll around the world would stopped and the recoveries of the patient will increase and become faster. Thanks to our healthcare worker around the world who risked their own life to help people to eliminate the virus. They are the one who are frontliners to this kind of event so let us also acknowledge them during this crisis. |
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NatWest have recently announced this scam related to Coronavirus- Fraudulent emails have appeared claiming to be from - The Centers for Disease Control and Prevention (CDC) or - World Health Authority (WHO) You will be asked to donate in bitcoin towards a cure or for essential medicines. This is obvious to most , but don’t click on the link and certainly don’t donate . If this is in the wrong board , please move mods . Stay safe all . https://twitter.com/natwest_help/status/1240301161011449856?s=21Corona virus is a pandemic virus that spreads throughout the world, so that many scammers are also spreads to collect money for their on used. As a bitcoin user, I really hate those people who are really used the crisis to step up people who really needs money. Scammers are not only in bitcoin but also in real money, because when I really need to bought surgical mask for the protection the price of every mask was very high, I think 5 times expensive, so that I don't have any ways to do that's why I bought them. To those people who used the crisis to step up others people will have a punishment very soon. That's right, they took advantage of the pandemic so that they seize the opportunity to sell in a higher value of price. But here in my country, as the government heard the news about that, those people who hoard necessary items are punishable by law and can suffer years of imprisonment. The mindset that they have is to let their fellow citizen die from the virus as well as they get more money from the people. Luckily, in my country, people aren't dumb to buy to them but they post it on social media to address how people are abusing the power of the virus to earn money. It is reasonable if they hoard items or goods just to help other people but the thing they do is in the opposite side of it. Instead of helping, they harm other people most especially who are in a lower class and it is good that the government took some actions about that problem. |
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I've now received emails from both the Star Entertainment Group (Brisbane, Gold Coast & Sydney) as well as the Crown Casino (Melbourne) stating they are continuing operations, but are ramping up their cleanliness routines. Given both Australia and New Zealand have introduced mandatory self-isolation for all arrivals from overseas for fourteen days, I expect both Casino groups will stay open.
Good thing for those people who play into those casinos yet in spite of the current pandemic they do still consider out to be operational.Hopefully they do really have that strict implementation on checking out every person that do visit out that place. Actually this doesnt only affect most of gamblers but also into casino owners itself. Just imagine on how would be their loss if they do close its doors temporarily? Both parties are being affected. Some people are hard-headed and they still go to casino even if its prohibited by the government, but that's fine because the casinos are closing because they also care to the health of their customers. Most of them are old and they are the one who can easily get the covid-19. According to the statistics, most of the people died in the virus are 50+ yrs old and above. So if you know someone who is old and addicted to gambling, please let them know that it is safer to play gambling online for the meant time. Teach them how to use technology so that they aren't urge to go outside just to play gambling. Take care of your family, spend time with your family, and let them know the do's and dont's during this kind of events. Don't risk your life for the sake of money instead but goods and essential things during quarantine. |
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Now that almost all sporting events all over the world are cancelled, those wanting bet of sports events are left with having to find alternatives. What are they majority doing?
I think the majority went to the obvious route. Online GamblingAre some giving up and trying to become reformed gamblers?
I really hope that some of the addicted gamblers have gone and made this situation an opportunity to improve on themselves and let themselves learn that they don't really need gambling in their lives, it's entertainment. Are some gambling on casinos instead?
If you are talking about online casinos, then probably. There are a lot of ways to feed some desires if you are addicted to it. I hope they are not gambling though (if someone is addicted) What are alternatives most sports betting users are now switching to?
I think the best ones (for addicted gamblers) are a new hobby. Possibly music? Lol. Instead of betting in sports gambling, why can't we just donate our spare money? By that we can help our fellow citizen to overcome and protect themselves from the virus. Let's stop online casinos for now and let us enjoy our time with our families. Follow the government on implementing community quarantine to slow the spreading of the virus. Also be ready, alert, watch news everyday to know what's happening around the world. Instead of sports betting, just play sports using our gadgets, cellphones, PS4, computer, by that we can entertain ourselves and enjoy playing games while we are safe from the virus. Also you can play cards, with your family to strengthen more your relationship to each other. |
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I think OPEC is there to mediate on oil issue and as far as I know, the body has been reaching out to oil nations. War is not what middle east need now but a cooperation within themselves. And now than ever before, the world needs to come together for tackle the current health challenge.
The organization of Petroleum Exporting countries (OPEC) is an intergovernmental nations of 16 countries. The powerful of them all - Saudi Arabia. Let's look at some interesting statistics below, Military budget: Saudi Arabia - $67.6 billion UAE - $22.7 billion Iran - $19.6 billion Algeria - $13 billion Indonesia - $7.6 billion Venezuela - $7.45 billion Congo - $7.15 billion Angola - $7 billion Qatar - $6 billion Kuwait - $6.8 billion Libya - $3 billion Ecuador - $2.5 billion Nigeria - $2.1 billion Iraq - $1.73 billion Gabon - $83 million Equatorial Guinea - no info Source: https://www.globalfirepower.com/defense-spending-budget.aspFor this reason, no one within OPEC will get into a war unless and until it is incited by some other countries outside OPEC. We need to remember, that not only Oil price is crashing. Every single market on earth is crashing and the issue is faced by every countries on earth. It's not about the oil only! Chill! no war would happen in imminent future! Every country needs a leader who is mentally, economically, and politically wise enough to lead his people. War is never an option during times like that, there are more possible ways on how to overcome or solve a problem related to resources. It is normal to have a problem related to the market because the budget of each country is limited and allocated to other sector like what you've said military budget. Most especially that the Covid-19 pandemic is spreading, they also allocated some funds for that so they can fight the virus. All of the countries now are having a crisis not only in oil but the healthcare sectors who are front liners in the virus. Medicines, medical equipment, and scientist to discover the antidote or vaccine requires a fund so this should be the focus of the country as of now. |
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With the recent outbreak of coronavirus (covid19) lot of sports game are being cancelled/postponed especially the NBA
While, there are also lot of people from different country that starting to lock down and stay at home for home quarantine.
So,
Decrease of sports games.
Increase of people that will stay at home (probably no work/less work to do, e.g work from home/totally no work)
So what do you think the effect of it?
Can we experience a high volume on every cryptocurrency gambling website?
Since major payments are cryptos, so need to go to any bank anymore, in short more on online transactions.
The volume of people who prefers online gambling will surely increase as the virus is continuously spreading. Online transactions are safer because it doesn't require you to touch or hold any tangible money. It is also faster and easy to use because in just one touch/click, you can pay something with your account wallet. That is one of the advantages of crypto in our economy and in gambling, you can play without money on your hands, you will never be hassle to withdraw money, and most importantly you can't get the virus as you don't go outside. In my country, the offshore gaming operator are been force closed by the government because of the COVID-19. There is a community quarantine in my country where many business establishments are closed because of the fast spread of the virus. The whole gambling industry are affected due to the COVID-19.
But the problem in the community quarantine is that workers can't work hard to have money to feed for their money. How about those poor people who is relying on their work just to feed their family. The government should make a solution for that as they implement community quarantines, most especially if most of it citizens are not in a middle class. Vendors are not allowed to go outside, worker can't go to their office, beggars are left behind in the streets. Government should allocate some funds for those people who can afford to do self-quarantine or feed for their family. |
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If you think Bitcoin is a store of value at any time frame, you are marking yourself as a moron.Store of value need to be stable, bitcoin is never stable. It either shoots up in price or crashes down, stable it has never been! Nutjobs , don't think bitcoin can die, and products can be replaced by newer better performing products. Confusing religion beliefs with a product cycle is why so many here lose their shirt with bitcoin.  I used to think a Store of Value needs to be stable. But maybe, that's wrong. A Store of Value does not need to be stable. The important requirement is to retain value over time. Bitcoin is digital and has 21M supply. There will never be enough. It is going to be volatile. Gold has 1.5% inflation rate. It's still volatile. Governments hoard gold to reduce its volatility. Gold screwed economies up badly over the years. People abandoned it. They don't like using gold as a medium of exchange because it's volatile. Gold has been a Store of Value for thousands of years. Stock markets are volatile. Governments implement measures to stabilize the markets. Its stability is done through manipulation. We saw this in 2008 and now. So a Store of Value is usually volatile.  That mindset is somehow helpful to prevent being problematic when the price of the bitcoin goes down. Being optimistic and understand reality is somehow effective to become more efficient in storing bitcoin. It is true that stock markets are volatile depending on the events or happenings around the world that can affect its value. For example, the covid-19 is surely a factor why bitcoin is in a $5000 USD right now. I hope that the government should work on this so that people will not have a hard time storing bitcoin on their own. Like promoting bitcoin, it helps us to increase the volume of people using it so the demand also increases. Gold and Bitcoin are the same because they have limited resources. |
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- Teasing other people's wivescome on, you go to the casino, is it to tempt someone else's wife, if this is your goal then you must be very prepared to kill by that woman's husband... - Borrow someone else's vehiclesome criminal cases occur because someone pawns another person's vehicle for gambling. don't try to do this, you will only go to jail... - 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...  That's really bad attitude every where, not only in casino. Teasing other people wife and borrow vehicle is real big problem, go alone and use cab to support your gambling activity. About the last I can't say anything because we can't detect the viruses so the safe way is use on line gambling and stay in your home. First, how can you relate cheating with someone else's wife in to gambling? People will not get rich or earn money in doing that, focus on gambling and don't think of anything that is not related to gambling. The reason why you gamble is to earn money and enjoy playing it, never forget the reason why you gamble. Then, when we talk about the vehicle to use, it is dangerous to borrow vehicle to someone. What will happen if you put the vehicle into an accident? That is another expenses and you should pay for it. What if you lose in gambling and at the same time you damaged the vehicle? You doubled your losses. The best option is never gamble if you have nothing to use for your transportation. Lastly, online gambling is effective during times like this. Most of the countries are in quarantine and people have nothing to do, but to follow the government's rules and regulations. Many gamblers are disappointed and bored because they can go outside and play a physical gambling. It is better to be healthy and safe than getting the virus due to playing gambling with other people. Value your health before anything else |
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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. the two related countries do have strong trade wars, but if the aim is only to control global trade competition, of course it is very unethical because it affects all countries so that it is dangerous for all strata of people who don't know anything. even at a glance I read about the news on the internet from several sources there are people who say if the corona virus is China's biological weapons that leak, whether it can be justified or not and is uncertain about the purpose and purpose of all of that. On the other hand, during times like this, the Trade War between US and China is not the issue. We should focus first on how we will overcome this kind of problem that we are experiencing. The Covid-19 really affect how we live everyday since most of the countries are in quarantine. Many people can't go to work, can't buy foods, medicines, don't have salary, can go outside, actions are limited and we don't know when this virus will end. Our economy is holding back, the market demands are more on medicine, or health related products, foods, and etc. I'd never think of the stuffs like China's Biological Weapon, there's nothing to blame here. We, citizens need to help each other protect and become safe to virus. We must follow our government and let the government have access to the market and help us with our needs. |
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Buying more bitcoins is one of the options you can do for you to retrieve all your loses, but the question is When will bitcoin will increase its price again?. We all know that volatility of the bitcoin is the hardest thing to manipulate in the market, next to the volume of people using it. It is very risky to hold more and more bitcoin when you have no idea when is the right time to convert it. You need to make an extreme prediction for you to execute your next action or strategies properly. Like what you've said, if you're in this industry for 5 years then you are used to this kind of events in cryptocurrency. So that every time this thing happens, you can now properly handle this circumstances and you will not think of the possible negative incidents that will affect how you store all your bitcoin. Many crypto investors especially newbies are scared of this huge market crash but if you have been in this industry for at least 5 years this would be of no surprise to you at all. This time is rather good and cheap to buy more bitcoins and hold till the future when the market starts to rise. This would generate huge profits for those who bought in at this level.
On the one hand, you are right: BTC and other cryptocurrencies are decreasing in value every day. And it looks like a good time to buy or exchange coins. But on the other hand: priorities are important today and it's time to recall the Maslow Pyramid. Bread, peanut butter, and toilet paper are becoming the main investment during the quarantine. In such a case there should be specially deferred money. Then it will be a rational investment. In context, in situations like this, it is very hard to decide what are your priorities and what to do when you see that the Covid-19 around the world is spreading faster than a bullet. I'm pretty sure that this virus contributes or affected why the bitcoin decrease its price to $5000 USD. This only happens when the virus existed, but what can we do? We have other priorities like foods, medical kits, medicine and etc., that can we use to fight the virus. I suggest that be wise and intelligent in spending your money and prioritizing the things you would work on. |
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Gambling is everything especially for those what we called compulsive gamblers or those addict on gambling, but it made me realize, why they get so addicted in gambling? if gambling can be the reason for them to lost their money, properties, relationship to family and friends, mental health and physical health. I know that there are gamblers who play because of fun and entertainment, but actually there are so many ways for us to make ourselves entertained without even losing our money.
But anyway, I can not judge and blame all those people because we are all different, we have different story in life.
You can answer all of this once you become a regular gambler. It's difficult to explain or able to understand for a casual gambler or those people who just gambled a few times a month why other people become a gambling addict. You need to experience what they experience for you to understand why they become addicted. It's not just about entertainment but winning big will leave a good mark on a gambler's mind that will haunt them for the rest of their gambling life. And aside from that, you are correct at your last statement, they have different stories and backgrounds why they became like that and that varies per person. Gamblers are unstoppable when they think that gambling is a source of money. They should change that mindset, instead treat gambling as a source of entertainment and contentment. Limiting the money can spend will make them more immune to stress and depression. I know it sounds cliche but that's the reality of gambling. If you don't know how to control yourself in betting your own money then you will encounter a lot of problem emotionally, mentally,financially, and socially. Gambling can affect how you will socialize with other people, most especially, your family and friends. If you're a wise man that is intelligent enough to know the advantages and disadvantages of gambling to your life, then at first, you will not become addicted for it. |
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It might be the market situation itself which is pulling down the price of all cryptos. Even Bitcoin at this moment is struggling to make a comeback, its market value is down by almost 50% from its market value increase last month. It is I think the reason why the market value of newly finished campaigns are falling, just like what happened on the previous correction when Bitcoin reached its all time high. After that, huge projects failed, many investors lost money from their investment to different coins from different projects. I am surprised that bounty campaign called SPYCE is already down in value after IEO ended on Probit exchange, Bounty campaign is still ongoing, what could make the price drop from 0.065 IEO price down to 0.03$ ? This is so scary lol, the bounty campaign is fixed with limited participants, I don't think this will count  You do not have to worry and stop the panic attack because all the cryptocurrencies in the market is also currently down not just the SPYCE token and this is due to the current situation our world is up to. Maybe after this situation ends, the market will bounce back to normal in which the prices of all the cryptocurrencies in the market which includes Bitcoin and all the Altcoins will increase once again. The price you have included on the screenshot you have provided shows that the price of that token is based on Bitcoin and because the price of it is currently down, so with the SPYCE also. Once the market price of Bitcoin rises up once again, which will surely happen because we always see that this is happening whenever we have such circumstances, the all the cryptocurrencies that base their prices from Bitcoin will also rise up their prices. As of the moment, just settle down, be calm and don't panic because having panic won't help you settle with the current situation. Just wait up because everything will be fine. Let us just all hope that this scenario will end as soon as possible with accordance to the solution for the pandemic virus that is affecting the whole world. I doubt that all cryptos would be able to cope up with the recovery, once it occur. Only those of which are having high demands, would be the ones who would comply with the uptrend or bullish run. And another problem is that, no one knows when will recovery occur, therefore, one should be patient to wait with uncertainty of until when will the crash continue. |
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To be safe from the consequences, since perhaps it is well-established, report the bug, because there could be charges if they would found out that you took advantage of the problem. But it would really be tempting for sure knowing how hard it is to earn profit, or to simply get the win, in gambling. But for a long run, doing the right thing is the best. the best thing to do in these cases is to report the bug to the operators of the gambling site hoping that they will be grateful by giving you a bonus or credit on their site...
That is right, they might reward you which is a win-win situation: you did the right way and you will also earn a reward for doing so. Think of such thing if ever the bug will be encountered by other players and it was used against you, would it still be fun if you are the one who suffer from the bug? Obviously it will not. That is what I am trying to point out with "longterm" enjoyment. And it would be better to feel a 'win' without cheating, not only in gambling but to most of the things. |
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Bitcoin became useful as an investment, more than being a digital currency I guess. It is true, that the services wherein Bitcoin and other cryptos are being used, are still limited at this moment. But as what I have observed, Bitcoin is mostly used as a form of investment due to its value volatility. Especially at this moment, its market value is low, many people are investing into it because they know, doing so would result to profit in the future once recovery take place. It is a bit confusing at first because Bitcoin and other cryptos are mainly digital currencies meant to be used in online transactions with further convenience compared to other digital currencies due to blockchain technology. But just observe the function of it and other cryptos right now since not all countries are rexognizing it as an official digital currency for online transactions. Also, how are people supposedly getting rich with bitcoin? I thought it was a currency, where we can buy things. Then I find that it's also a commodity where we can trade it.
Since you just new to bitcoin I recommend to you to see the chart from bitcoin price. Bitcoin was created at 2009 ago and at that time bitcoin didn't have value. But as you can see right now how value bitcoin price is, you can imagine by yourself against it. Also, bitcoin price is so volatile. If you have good analyst about chart and you are a trader before maybe you will gain profit that you want. These thing has been considered by most people who say bitcoin can make you get rich but there is no an instant way you may need more time to reach it. In short, if Bitcoin would be compared to other digital currencies, it would have many disadvantages, so people made use of the disadvantage in order to come up with something that would benefit them, profit. |
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I would stick with Bitcoin as my main cryptoinvestment. Although, I have other crypto holdings such as Ethereum, Ripple and the likes, I do more hope that it is Bitcoin that would result to big profit in the future once the market recover, more than my other investments. Bitcoin is just that promising despite of the huge decline in its market price. Actually, I am planning to invest more into it, if its price will go lower, because for me, that would be a huge opportunity. I do worry at this point but I would more stick with what I have seen before. The market price was way lower before, but a major bullrun occured, and that is what I am anticipating , in the future. Bitcoin is safe haven for me, people should stop talking as if it's over for crypto, it's not, I prefer having 1 BTC than holding 4k in stable coin because I know what that 1BTC can become in future, I care less about present value right now
Bitcoin is not really a safe haven but a risky investment. But we are holding into its performance in the past. History will show us that bitcoin always bounce back after a big dip. It may take some time, a few months to a year but it always bounces back and even make a new all-time high in the process. It is really not, it is more of an investment. But to some people, it is a safe haven because for them, they have assurance that its market price will recover from huge declines, despite of uncertainty to when will exactly such thing would occur. It is in the first place a digital currency, but due to volatility, it became an investment, and turned to an investment kind of safe haven. It does sound ironic, more like risking for assurance in the future, also expecting a profit from a safe haven. But, that's how strang cryptoindustry is. |
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They are a bit the same if we would talk about risk being involved. But I would say, Trading is more like gambling. Choosing good cryptos is like a gamble because, not all cryptos at this moment are showing signs of recovery and if the situation will continue, some coins would 'die' in the exchanges. But I would also add that gambling is more risky, I think. Gambling is more certain of losing since it is more of a pure-luck activity while on trading, deep analysis would result to a win, but still risk exist to both methods of earning profit. We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
Ahmm, probably it can be. If we're going to consider the risk of doing both (gambling and day trading) because day trading requires a lot of fundamental and it's hard to do it without the proper knowledge, while in gambling it just all based on luck. Both risky to play, you know... Are there gamblers here who are in profit overall?
Pretty much, there is. I'm in quite lucky last week and earned some good amount on it. Maybe because results varies in time, when you play gambling, the results are uncertain the same with trading. Everyday is another day, each day requires a reflection on what you will do for today, in other words, planning. If you experience losses in a day then study and learn from that mistakes so that you will minimize the money that you've wasted. This advice is applicable both in gambling and trading, you should always reflect on the things that you've done and learn how to manage your money. You need to make sure that you're getting more productive each day so that you will become an effective gambler or trader. I would agree to the 'period' of trading. There are times in which trading is really profitable especially when the market price suddenly increase, and it does depend on the market situation. In gambling, there's no such thing, a gambler could gamble anytime he would like to without thinking whether the price of cryptos are high or low. |
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