I don't quite understand what your point is. You say in the title that Coronavirus is not the reason but in the OP you mention that the price went down when people started to panic due to Corona.
Anyway, there would have been many factors as to why the price of bitcoin went down but we can see now that the situation is getting better daily. The price of bitcoin has been recovering recently is at $7300 now. This is a good sign in such a bad condition throughout the world.
The virus is not the direct cause of the drop in prices. The real reason is the economic cuts and shutting down the borders buy the governments. The world economy was hit greatly because most things are manufactured in China. If you cannot run production there are shortages and you could be facing bankruptcy. That's why people started selling stocks of companies they were afraid could go bankrupt and this made Bitcoin crash because people saw the stock market falling and sold all their investments without thinking.
|
|
|
I have a coinbase account and had no problems with them but because of this lack of issues I had no need to contact their support.
Why are you trying so hard to get a coinbase account? There's so many competing exchanges. You can always go somewhere else. I have a binance account and I did not send them any of my documents. On many platforms if you don't exchange big money every month you don't even have to verify .
Most IT companies have all their employees working from home at this point so you can expect some delays everywhere.
|
|
|
What you are calling a rally to me is simply a recovery. A correction after a significant dump that took place last month. Are you really saying that when an asset falls 20% and then goes back up by 15% it's a rally? A rally would be if we wendt back to 10 thousand and broke it reaching at something higher than 10,5. This would be a show of strenght and a real rally. We did not eben reach the point from which Bitcoin started to descent so it's not even a proper recovery at this point until we break above 9000.
|
|
|
I wouldn't say that it's good for bitcoin because if price keeps going down despite the halving it's going to scare many people and make them stay away from bitcoin.
The only good side that I can see is tha this panic acts as a heavy test. Like you say that all equipment needs to be thoroughly tested under load. This is one of the hardest tests in bitcoin'shistory. If we manage to stop following stocks and act more like gold we're going to be ok.
|
|
|
Ehh, my uneducated guess he's just a dude that's currently just enjoying life in a beach somewhere, but whatever it doesn't really matter. There's no way for us to validate how true our theories and guesses are anyway. Well, unless Satoshi himself/herself/themselves unmasks himself/herself/themselves in public(with proof, of course); which I hugely doubt will happen.
I hope that it's true and he's alive. I wish him well and I hope he's never found. This is making him look more like a legend than a normal man. I wish him all the best and long life without reporters and crazy fans hiding behind every tree and every bush along his path. I think he might be dead. I hope I'm wrong but millions die every year of cancer and when he disappeared there was that tsunami in Asia.
|
|
|
I think it should be global but we cannot make it happen because we come from centuries of nationalism. Nationalism isn't that bad but if we could make globalism work and have one world government we would prosper. We'd be able to colonize space much faster and achieve something we are used to seeing in science fiction series like Star Trek.
Blockchain governance could work but we'd need a big reset first because without it it's going to take centuries before people evlove and understand that we could achieve so much more if we worked together instead of spending billions on intercontinental missiles and other things to keep other nations at bay.
|
|
|
The most important thing is the background of the team and their track record . If the team jas exposure in the domain in which they are trying to develop something then it's well and good . Also see the market they are trying to penetrate and if there is really a requirement for such a thing.
To me, those are just too ordinary for us to evaluate a project. Nowadays scam projects can fake profiles in detail to deceive investors, we should pay attention to their ideas, their products and their partners. Those are the things that will make their project successful or unsuccessful You cannot rely solely on the team because what if the devs decide that it's going to be their exit scam? They made some good projects and made some money and reputation and now will run another bitconnect, get a few million dollars each and live of it for the rest of their lives. You can't rely on the name behind a project. The most important thing is what the project is about. Is it something revolutionary or just another centralized shitcoin with big premine.
|
|
|
The forum will not do it for you and theymos will not moderate bounties or demand to be paid for announcements or campaigns that people want to run on the forum.
This should be your responsibility as a bounty hunter to do research and tell others about scams. The community should go hard on developers who don't pay their employees and that's who you are as a bounty hunter. You're doing a job for them and should be paid for it.
|
|
|
McAfee is irrelevant.
He used to be relevant when he first became involved but he soon became greedy and corrupt selling his support to the highest bidder. He was even on the board of some altcoins and then got kicked out probably because he wanted more money. McAfee is a liar and a junkie and on top of it all he's delusional thinking he will take millions of dollars that he did not pay taxes for and hide it on a boat and the government will not get him because he's got a gun and a bodyguard
|
|
|
Not a total come back but its good to see the bitcoin pumps this much, we are still waiting for more confirmation and hoping for a real pump now. I felt nervous before but my trust to bitcoin is still with me, I managed not to panic during the pump and that allows me to buy more bitcoin, waiting for the next trend of bitcoin this year.
It's still too much to say that it pumps. It barely recovers but it's still ok if we look at the situation on the stock market. I heard a few smart traders who said Bitcoin is slowly becoming untethered from the stock market. Gold did the same and is doing very good compared to the value of fiat money and stock indexes.
|
|
|
This is a lot of money OP.
Why did you choose that small site with a questionable reputation instead of a big and well known one like chipmixer or bitcoinmix?
Now we cannot do anything to help. You can always tell this story wherever you can to warn others but you will not get your coins back.
|
|
|
Thinking and calculating how much you have totally lost in gambling might give you a knock in your head if you truly want to recover from your addiction and quit gambling.
There are several methods and you have to choose what's the most comfortable for you.
It's like trying to make an alcoholic stop drinking by showing you the empty bottles he drank in his "career". They say that a chain smoker uslally spends so much money on cigarettes that he could buy a new luxury car but all he gets for those money is cancer. Addicts are self-destructive and you won't change that by showing them their past mistakes.
|
|
|
Yes, bitcoin didn't make it big in this crisis and I believe it should have. The whole economy went down in this crisis and god knows what people are doing with their money but they haven't invested much in crypto or gold or anything. The market has just went down which means most people are holding on to fiat which is another risk to themselves because if fiat falls then it would be a nightmare to them. You mean sell it in cash?
Is this like what happened before? Government telling the people to spend their money since so much are being saved in the piggy bank and not in real banks? But, all the nations are having the same problem. With that, all of us will have financial and economical issues. Which at the end, it is a race into which could perform best with pushing the economy to be better in a short amount of time.
No OP is talking about 'spending' bitcoins. There is a difference between 'spending' and 'selling'. Spending bitcoin means to buy things with it or use it for making payments. Selling is to sell bitcoins for fiat, cash etc.. And what do you expect will happen with your coins once you spend them in a store? Some will get exchanged immediately by a payment processor and some will be sold manually by the business owner because he'll have to restock and I doubt all companies he gets his stuff from accept Bitcoin. What you understand is spending is not much different than selling for fiat. The only difference is that it's much more satisfying when you know you let some business owner know that accepting Bitcoin was really a good idea because there are clients who choose this type of payment.
|
|
|
Where is the price halving now?
I don't want to conclude yet, I still expect that there are some surprise that will happen soon. Don't worry, halving is still 40 days from now, https://www.buybitcoinworldwide.com/bitcoin-clock/---- so there are still plenty of time. The whole world is in crisis now, people would understand if the price will not rise because investors fear the situation we are facing. But like always, bitcoin always makes a surprise, so expect it will happen. It may not be rising now but the panic will not be getting worse. As time goes by people learn to cope with this fear and live with it just like people in war zones do. When first bombs fall they're shitting themselves but after months of living like that it's just another day in the office. We got hit by this early panic where people needed money to buy supplies because they thought they won't be able to buy anyhing next week but the stores remained open and mostly well supplied. Now the only difference is that you see clerks wear face masks and gloves and you have to use a hand sanitizer before entering the store. A few weeks from now people will take their cash out of their wall safes and go back to normal investing, you'll see.
|
|
|
it depends... Everyone's answers are different depending on their skills and abilities, I choose Trading better than Freelancing because I focus on deepening my trading skills for a long time.
That's tright. You do what you do best and if you can do something other people need like translating, writing articles, accounting, tutoring - become a freelancer. You will probably earn less than traders but you will only earn. Every hour of your time will bring you closer to whatever you want to buy. Trading will look tempting because you will be able to earn while you sleep but sometimes you will lose in 1 day what you've been working for that whole month and then you'll feel like it was all a waste of time.
|
|
|
I agree! We must overcome Covid19 to recover the market and it will not be an easy task because the pandemic will leave a bleak environment. We must work hard to recover everything we have accomplished in the crypto market. Sadly, we are seeing humanity threatened by a very dangerous pandemic.
The virus did not crash the market. The panic caused by countermeasures did. How many people died from this virus? How many of those dead people did not have any serious health problems before catching the virus? Not many. The virus killed only 64000 people in 3 months. Lung cancer kills almost 2 million people every year! You have at least 20 times greater probability od dying from cancer but there's no panic and countries are not shutting down because of cancer. The real threat is the death of tourism and a possible bankruptcy of airlines, hotels, cinemas and restaurants all around the world.
|
|
|
Yeah, it was like a birthday party of someone born on February 29. It takes years before the person can celebrate again. Damn Covid-19 really messed up everything. Now people don't have much money to get ready buying bitcoin for the upcoming event. It should be like an unknown wave which is being fought by FUD and Hype. The virus did not make people lose their money. They still have it but are reluctant to invest. This is a normal panic effect. When you get hit by the unexpected you begin to value hard cash and things that you grew up believing to be valuable like gold, silver and real estate but you can't run to another country with your house
|
|
|
W've already seen how listing coins on big exchanges can create FOMO and boost the price.
Coins that get delisted are dumped that's how it is. It's like getting or losing a partnership when you're running a company. It's all to be expected.
The bad thing is that exchanges are abusing it to extort money from dev teams.
|
|
|
He would have a chance in court if he could prove that he's Satoshi. Nobody is breaking any of his rights because he's not the creator of Bitcoin and he can't prove otherwise.
Saying that you own something doesn';t make you the owner. All sane people know it.
|
|
|
I think that crypto projects need to buy advertisement on Youtube and other social media. Nowadays only scam projects buy advert, but good projects don`t do it, I don`t know why they act such way, because bounty is really not enough
So you say projects need to buy yt ads but at the same time say that only scam projects do it. Make up your mind! There are no better or worse ways of legit advertising. There can be only scam advertising like paying youtubers to lie about you. Bounties are not a bad way to gain visibility especially through translations.
|
|
|
|