If everyone stay at home and start to buy coins, the price will rise and they will get extra income on paper and feel more confident. And if they don't sell everything they invested later on, they indeed can make some profit in a few months
But we have on a different story because in my place there is so much panic and they don’t even care it the stocks are cheap and it bitcoin is also cheap, they care about their lives more than anything. This situation can’t happen if the establishments are still not accepting bitcoin and of course, during on a lockdown they are also closed.
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With this situation right now I guess people should use bitcoin or digital money, using fiat can be really dangerous we really don't know if there is corona virus but if they prefer to use fiat then they should wear gloves just to be safe.
Fiat money is compose of many viruses, germs and bacteria but still in some country they don’t have any option but to use fiat money simply because bitcoin is still not legal and not all establishments accept bitcoin. This is not a meme for me but a reality, bitcoin can prevent you from being infected and on time like this bitcoin should be the best option to transfer money.
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We almost reach the level of $7k and I feel so jealous to those who was able to buy bitcoin on the level $3k I think that was last week. We are still lucky kase bitcoin still have a big chance to go up, and for sure we are buying bitcoin. Sana hinde ito bull trap at sana wag na magpanic ang mga tap, patapos na ang Corona Virus I hope makarecover agad si bitcoin.
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In my country the attention of the people is not about bitcoin, and not about the money but rather they are looking for a food to eat everyday because we are on a lockdown. Bitcoin doesn’t bring a good news in my country, we can hear a lot of panic even on the stock market and only those who know bitcoin are affected. The price dump that much, the virus affect bitcoin that much but hopefully as we can see the pump as of posting this one, its not a trap but rather a small pump towards a big future.
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Almost 2 years na akong naka hold kay Utrust and umaasa pa naman ako na muli itong tataas sa tamang panahon. Kung ibebenta ko kase sya ngayon useless lang din kase yung value nya is super baba kaya mas better antayin ko nalang ito ulit tumaas. I’m also holding ETH and Plan ko to hold this coin until it makes a new ATH and sa tingin ko naman malapit na ito mangyari.
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The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation. Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country. India will soon become a crypto haven, with a support of great companies and a top crypto exchange. Making bitcoin and cryptocurrency legal is the best so far, but since we are on a big tragedy with the result of Covid19 I don’t think this kind of good news can lift the market up, let’s wait more months or a year before we totally recover. For now, Indian people should enjoy this now and take the opportunity to buy a cheap bitcoin.
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yes, all crypto lovers, both investors and users are very worried about all this. but hopefully this will gradually improve and the price returns to the price what we want / nourmal.
Very confident that this is bound to happen soon. Everything in the market is crashing now, even stocks. But we should be able to get back on track sooner or later. Grab this opportunity to get ETH, the market will survive believe or not so if you want to gain profit, go get buy ETH and secure it on your wallet. The market still not in a good condition, let’s expect more dip price but never to doubt the capability of the market especially with ETH.
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it is not COVID-19 that has affected bitcoin price, it has never been because there simply is no relationship between the two. it is literary every other market that has been dumping and the fear that the weak hands had thinking there should be a dump in bitcoin too so they jumped the ship. with whale manipulation accumulation on top, we've got ourselves a big crash There is no relationship between these two but thing is people behave based on what the situation outside. As what you have said people are simply panicking, fearing and having a weak hands so basically this is because of the pandemic. This isn't just a coincidence that's for sure. Not the virus itself but its really more on the action of the people. Besides, there’s no mass adoption before with bitcoin and people have no care to bitcoin at all before so we can’t see a big dump from the two previous pandemic. Covid19 is totally different, on this time more people already know bitcoin and almost all the investors are panicking and the effect is really bad for the market of bitcoin.
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In an investing perspective: Down ang bitcoin, down ang S&P500, down ang PSEi index. Kung may isang potential good time man magpasok ng pera sa investments for the long term, baka ngayon un. Peso/dollar-cost average as prices go lower.
“Be fearful when others are greedy, and greedy when others are fearful.” - Warren Buffett
Yes tama! This is the right time to buy more and buy big wag nyo na sayangin mga savings nyo sa bangko better to invest it on stocks, and bitcoin. Maraming good side, maraming bad side at sana wag na lumala ang Covid19 upang bumalik na sa normal ang ating buhay. Be greedy and a wise investor, once in a lifetime opportunity na ito, pero you should still take it carefully baka kase mapahamak ka lang sa ibang investments mo.
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Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.
If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed. We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again.
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As per my knowledge the best coins can recover once crypto market bounce back, so you can buy ETH and BNB both coins have more potential to give good results for our investments in short term. Because we know that those coins almost comes down around 60% compared to previous price.
Yes, the top altcoins already have their history with regards to bouncing back so you can know what altcoins is faster compare to the other. This question is already given, and we all know the answer. To give a few list don’t ever forget ETH, BNB, and XRP they can easily rise up again when the market becomes more stable on top.
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I think we will go to 2800$-$1800
#corona
Not going to happen.... As much as we want things not to end up like this, we can’t be sure about the market right now because of what happenings around the world. Btc can go lower than what we expect, but let’s hope its not going to go below $3k again. The market recession is threatening us, I don’t what will happen to bitcoin is the stocks enter into a recession.
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Don’t just buy, you have to understand kung paano ba sya umaangat at bumabagsak. Buying more without a plan is not good at all, kaya ang suggestion ko at pag-aralan mabuti bago ka may execute ng buy. Bitcoin, eth, bnb and other good altcoins are best to but right now but then again make a plan after buying.
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I have to commend Binance for making good things in many country and now developing a technology like this in South Africa is one of the best. Binance keeps on developing new things and travelling all over the world, its not just an exchange now but a real competitor in the market. I hope many coins and crypto company to do the same this, this is for the better world, I believe Binance will climb high on the next up trend.
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The boomer doomer virus is blown way out of proportion..
I think something else is going on behind the scenes and this virus is a distraction of some type.
Well, we heard some news that the virus was created by someone but of course we can't believe on that easily. Since the volume of the people going to casinos everyday, I think this is a great move by Las Vegas to prevent the virus from spreading. In my country, our government is also closing the operation of casinos aside from the online gambling, it looks like the industry of casinos will slow down for a while and hopefully to bounce back after this virus.
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Malamang mga remittances galing sa ibang bansa to.
Possibly, pero I hugely doubt it. Most likely due to trade volume to since market liquidity naman ang pinag uusapan. If that is the case, we can assume na marami na ang crypto trader dito sa bansa naten or maybe because of the adoption of our local banks sa XRP. Though maraming nagsasabi na centralized si XRP I think banks are still eyeing to adopt its technology just like the others banks, and dahil dito nagkakaroon sila ng maraming investor at trader. Sa coins.ph palang marami na ang nagtratransact kay XRP, di pa naten sure sa kabuuan sa Pilipinas.
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Payment for goods and services through cash can transmit Corona virus, doing transactions through bank, especially cash deposits can also transmit the virus. The safest way that we can create values and pay for goods and services during this time still remain blockchain and those selling off at this moment are doing so because they did not spend time to study the Blockchain technology and how it works.
There’s still no mass adoption so we can’t expect that bitcoin will be the best currency right now. Some users still don’t know where to spend their bitcoin and the only option for them is to convert it into fiat money. If there’s already the adoption then we can easily see bitcoin on the top of everything, but for now let’s accept that bitcoin is also dumping.
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A lot of rules to be consider and yet many traders are failing on this one. Trading is not easy and for me its more on a mental battle because you should be more focus than to panic. We are experiencing a very volatile market right now, these rules can help us to stay focus and stay safe during this trends, its better to follow than to regrets on your trading.
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It is very easy to blame CoronaVirus for the current Bitcoin price tumble, but what most people forgot is that the price of halving has already been priced into the price. People need to stop seeing Bitcoin has a way to get rich quick, it is not, it is an investment and an investors do not invest today and expect his money to double tomorrow
Thinking for an easy money is an old tradition with bitcoin, we are on the reality of life now and we are seeing bitcoin struggling to become a better currency. The virus has affected the market that much and whales are taking advantage of that, we should not panic at all and always buy at the bottom price. Bitcoin can still recover this year, the halving will come big for us.
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If I left no choice then I will not hesitate to sell my coins even if I loss much of it. Health is my priority and sabi nga nila health is wealth so dapat natin pagtuonan ito ng pansin at wag manghihinayang na ibenta ang mga coins nyo para sa inyong kalusugan. Dumarami na ang cases world wide, we should follow the advice of the government and wag na magmatigas ang ulo, gawin nating emergency fund ang mga crypto naten.
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