Why do cryptocurrency users very often ask such a question that sounds so that blockchain or Bitcoin can replace banks and the entire banking system? It seems to me that today many commercial structures use the blockchain, and also banks are introducing this modern technology into their system, and this does not mean that blockchain is replacing the bank. Blockchain makes it possible to save information, personal data and receive better services.
Because they want reassurance that the program they have invested on is something that will span out years, not months. They wanted to ensure that they have made thenright choice, that's why they kee on asking fellow cryptocurrency investors/supporters about their opinion regarding blockchain's viability compared to banks right now. To which I will say yes, because not only is blockchain growing by the day, it's also being sought for by most banks worldwide to empower their preexisting features. Either they grow both in tandem or one will take over the other. |
|
|
|
Don't stick to current price as a sign of recovery. In uncertain time like this it's hard to estimate if this is only temporary situation or sign of recovery. Don't plan anything and don't be too happy too soon, just watch the market and be prepared to react accordingly.
With Bitcoin everything is possible, don't forget that.
Indeed. Just because you're seeing some increase in price doesn't necessarily indicate that bitcoin in itslef is already recovering. We really hope that it bounces back just as much as you but judging the current situation of the market, it'll take a couple of weeks if not months for bitcoin to get back on its refular price which is around $8000. We might just need to wait for the meantime and have everything fall onto place. Judt continue supporting bitcoin in the sidelines and bitcojn will surely be back on the board. |
|
|
|
1. I am reluctant of taking the currency notes because it is a possible medium of spread , Bitcoin helps me sending to whoever accepts
2. My brother isn't able to come personally to take money. I am using ETH and also digital payment to send money.
Yeah, it’s absolutely the best way to helping each and other who's can not will go to bank for deposit and withdraw their money. Although almost every lockdown countries didn’t closed their banking and other essential places like as shopping malls. Bitcoin and Ethereum payments method will give important role at this time. Even now a lot of people’s are workless so btc and eth will their another resources. Exactly! The situation is not good enough to go out and deposit or withdraw through the bank, digital money is the only solution. Almost every developed countries are now under lockdown, so, dealing with money is not easy anymore! People are using crypto than other digital currency! Because crypto is easy to use and anyone can have it only by downloading a good wallet! I hope people will remember the blessing of crypto even after the coronavirus is gone out! These are the primary uses of cryptocurrency that are being taken advantage right now that almost every country has implemented a lockdown. Coins and banknotes are a possible medium of spread and since most establishment are closed, your only saving grace is online shopping. As of now digital fiat is taking over the scene but bitcoin and other big cryptocurrencies are seeing a bigger use compared to when everyone wasn't on quarantine. This could pave a way for a massive adoption since eople are slowly beginning to realize the biggest uses of bitcoin in these trying times. |
|
|
|
I add important things to me and maybe other people also need, never make a purchase with all the funds, do it in stages. Buying in stages is important to cover losses. Except in the condition of bitcoin or altcoin the price is really low
This is good advice, but it is rather difficult to implement for beginners. When prices are low and you have a certain capital to buy, then you will not think about buying in parts. After all, if the price is now at its lowest point, then what's the point of taking risks and leaving part of the funds for the future. However, I agree with you that it is necessary to take into account all the risks and break the portfolio into components. Indeed. And that'll ruin it for the people who have already established themselves in the trading scene. As we all know trading is just basically money circulating in a group of people where the ones who gained money "profitted" and the ones who lost money "lost". There has to be equilibrium in a system to ensure its profitability, and if everyone wins, then in a sense everyone loses too. Not to sound like an arrogant prick, but I believe that losses add fun to the trading industry and it's the money losses and gains that make trading bonds and assets flavorful. |
|
|
|
I think not easy for quit from working after investing with bitcoin and altcoin, before you earn much money and profit with bitcoin or altcoin investment never quit from your work and try to invest with cryptocurrency during your work in your office, after you get enough money for your family its time for quit from job.
Precisely, apart from the fact that the market just wouldn't tip its scales towards investors and your lack of knowledge basically in investing will be your downfall. You can't just impulsively invest hoping it would get you out of your classic nine to five work. There has to be some combination with the two because you will inevitably lose money in this industry. If you have never invested your whole life, I suggest get some basic or even advanced knowledge if you can and then formulate your strategy. That way you can play the cards by your own will. |
|
|
|
Porn site will bring negative effect for bitcoin because many investor bitcoin come from moslem people and they will dislike when bitcoin accepted for porn site, they will get negative effect if bitcoin using for wrong way.
But they can't stop that from happening, just like muslim does not like gambling but there are still gambling sites. Bitcoin being accepted in port sites will not bring negative effect to its totality, maybe to some people or group but in overall, it will mean adoption, so goo effect. Well porn sites adopting the use of bitcoin or other cryotocurrencies can be a double-edged blade. This could promote adoption from the people who are patrons of pornography but it could also draw in bad reputation from the people who are big critics of pornography. This includes people who are indeed open to investing in cryptocurrencies but are negative towards pornography. That being said, this is just an inference. With help from porn or not, I can see cryptocurrencies being more and more assimilated with the common Joe's life. But it is indeed good to receive help from one of the leading entertainment industry providers. |
|
|
|
In my opinion, the only opportunity for a positive growth in the cryptocurrency market today is halving 2020. Of course, questions will arise, Why exactly this event should so strongly affect the cryptocurrency market. I view this event through the prism of previous halving, when bitcoin prices began to rise too actively. And if Bitcoin prices go up, then the entire cryptocurrency market reacts positively to this.
Undoubtedly the Halving will be one of if not the best times for bitcoin to grow in value. However, we are really hoping that this pandemic reaches its conclusion before may as it will give bitcoin ample time to bounce back and recover from losses. Because if not, then we might have to expect a stale halving that may even cause bitcoin to lose price considerably. So let's just hope for the best and use this time to stock up on bitcoins as it is dirt cheap right now. This at the same time gives bitcoin the needed leverage to bounce and fund itself back before the halving. |
|
|
|
I opened a car wash business and in the last few weeks my income dropped by 100%, the government in my country imposed "Half Lockdown", so offices and schools were canceled, the effects of Covid-19 were truly extraordinary. How long will it last? What's the antidote for Corona?
for sure.. no one will know how long this pandemic will end but based on the information I got from the news, that currently, researchers are working hard to find the antidote/vaccine from Covid-19. we just pray that hopefully, good news will emerge.. This goes to show that apart from large establishments and developed names in the industry losing dollars due to this coronavirus pandemic, it is the small businesses like this who really will receive the punch in the gut. They're basically the frontliners, and without them assisting any customer, what good are they for? So that's my 50 cents regarding this issue. And instead on focusing on things you can't do or control anything with anymore, try looking for alternatives. Maybe stock up on bitcoins now. It's really cheap. |
|
|
|
Defining Store of Value is a trap to walk into. The most accurate definition of a Store of Value is a store of VALUE.  A close definition is a value that does not devalue with inflation. Some examples are gold, real estate. I think gold is the closest analogy. Real estate can be a Store of Value if the land is in high demand, like big metropolitans, agriculture lands. If you're in declining cities, like the US midwest areas, real estate is not a Store of Value. The US equity market can be considered a Store of Value. You've done well if you've invested after WW2. I'm not sure what the future holds for the equity market when we start having negative interest rates. My guess is it'll slowly lose its Store of Value status. Anything that can generate income is a store of value by definition (i.e. discounted cash flow), including land. Gold and Bitcoin don't generate income so their value must be derived from their utility. Without that utility, they are no more than a pyramid scheme. ... Bitcoin is only a Store of Value. Bitcoin will not be a medium of exchange. Its supply cap of 21M is the reason. It's "good" money. It's desirable that people will dump other "bad" monies before they touch their bitcoins. I wrote an article on this topic:
There are three requirements for a good money: - store of value
- medium of exchange
- unit of account
If Bitcoin is only a store of value, and is not (and can never be) a medium of exchange or unit of account, then Bitcoin is not (and will never be) a good money. Sorry. I personally believe that there is a good chance that Bitcoin will become all three and become a good money in time. Otherwise, it will just fade away. Or it wouldn't fade away really. This has not been the first time bitcoin received a punch in the gut and even managed to reach an all time high. This is purely coincidental. Bitcoin is already on it's way to 12k until the news regarding COVID-19 pandemic kicked in and messed up not only bitcoin but the US STOCK MARKET as well. Provided that the US market is already recovering or at least that's what I can infer judging by the graphs and charts. There is a very high chance that bitcoin would bounce back as well. Although this further emphasizes that bitcoin while technically a store of value, isn't a really good one at that matter. A drop of more than 50% in just a couple of weeks already says a lot. |
|
|
|
This is good, this gives me hope, I really like this thread. One person said bitcoin and crypto will die and this is the end of it, but plenty plenty of people said how it is not the end. I do not care if it is the end or not, because if this many people still around in every part of the world who thinks it is not the end, that means it will not be the end.
Let's be honest with each other, if bitcoin drops under 1k tomorrow, how many people in the world would start to buy as much bitcoin as they can? I am telling you if bitcoin reaches under 3k, I will use the very limited small number of money I have to buy bitcoin right away. We all know bitcoin will survive, why? Because we are the people who will keep it alive by buying as many as we can afford to buy.
Yeah. Pretty much some of these people are FUDding others into cashing out their investments to buy more and more bitcoin because they themselves are completely aware that bitcoin just wouldn't die despite the accusations, the badmouthing and the negative insights people give towards it. They are manipulating people into dumping the price of bitcoin so they can buy more. Which is really not so nice especially for people who are just starting in the industry. So might as well do your own research, don't rely as much as possible to others. |
|
|
|
How could you be so sure that it is already over?
It isn't just Bitcoin that has drop down due to this crisis so is it also game over for them?
I mean to say the GOOD ECONOMIC TIMES of the last 12 years are over... BitCoin grew up and has only known an economic bubble where almost every asset has gone up !!! I have no idea what BitCoin will do in the future, but any rational person would look at its first ever test in a Crisis and be very worried. Hard Facts Regardless, you are saying that bitcoin's going to die now amidst a pandemic and an economic crisis where most stocks have gone down. So are you saying that those are also living inside their economic bubbles and are just hoping not to get struck by a dump? Because I have seen even greater assets than bitcoin dropping in value right now and I don't see them saying that their stocks are to die soon. It's almost obvious that you're spreading FUD here to trick people into dumping so you can hog as many bitcoin as you can before the halving comes in. Good luck to you on that. |
|
|
|
Stop loss make us confused will our assets back to higher price or not, but in other time we must ready when holding coin price suddenly dump without get anything from our investment way, but if can recovery for lost better to make chance and cut lost for looking profit with other coins.
But more than anything, stop loss gives day traders the assurance that they needed and they are wanting. Without stop loss you just wouldn't know when to stop. You'd be stuck in a coin with no hopes of getting an increase or you will get stuck in a losing coin. You would want to have stop loss in your portfolio or investment strategy as it provides you security. It allows you to jump from one coin to another with minimal losses, and most of all, it provides you the freedom to choose which coin you wanted to jump in. So I don't really see anything confusing about it after it's just a simple rule of thump. |
|
|
|
Cryptocurrency was not created in order to replace fiat with itself, and it is not capable of it. Cryptocurrency, as well as other non-cash forms of payments, will only slightly displace cash. The world as a whole is gradually moving towards non-cash and digital means of payment. However, this process is lengthy and so far only partial.
But nonetheless on the way. Cryptocurrency is what some will would say, a better version of currency in itself. Anything fiat can do, cryptocurrency can do better in one way or another. As of now, ot may seem as though fiat is winning this race, but as you have mentioned, the process is gradual and it takes time to be fully implemented. So it is quite fallacious to say that cryptocurrency will remain as an asset and fiat continuing to serve its people. It is quite evident now that people are more inclined to the digital aspect of purchase, which is the first step in total adoption and use of cryptocurrency. |
|
|
|
Bitcoin has value because miners have to buy equipments, pay for energy to mine it.
Bitcoin supply is limited at 21M, people invest in Bitcoin because it has many features that fiat don't has and they hope the price woud increase.
well enough reason to say that Bitcoin really has a value mate,but remember that since this market is volatile the possibilities that price may fall is always there but also chance of going high is there because the 21 million bitcoin limit is now more even lower because of forgotten password /private keys that has Bitcoin inside their wallets and ledgers.so all in all there are many arguments but literally?yeah Bitcoin has a value. To pit everything jn a nutshell, bitcoin has a certain value we regard of because we implied a value for it. We implied and calculated using the amount of technology used to create and support it along with the equipments and manners as to how bitcoin is obtained. We have trusted bitcoin's value and bitcoin's credibility that why even if it doesn't exist in the physical world, we are still able to respect it's value. If we hadn't regarded of bitcoin's value as something of significance then it would not have any monetary value, regardless if they used ultra-powered equipment to mine it. |
|
|
|
To be honest I was hesitant to see the conditions now, can make bitcoin halving successful. Evidently I was wrong, bitcoin halving will be soon
happened a few more months. However, in the end we can see that today the movement of bitcoin is getting more positive, the price of bitcoin
is increasing despite the increase slowly. Now bitcoin is already priced at $ 5800 and I am sure it will continue to rise, at least it can return to
the price of $ 10k. Hopefully it can be more fast rise in bitcoin prices. So halving that will occur around May 2020 will be a success and all
will be smooth without problems.
As of the moment bitcoin's price plays around $5800 to $6000. This is indeed due to the panic the pandemic COVID-19 is causing. And many are speculating that once everything is settled bitcoin will bounce back. However, I believe that this dump happening right now is a mere chance for us to buy more coins in to get more gains when the halving comes in. Hopefully the whales saw through this and are already planning on pumping money into the system so at least when the halving comes around may. We will be able to get high gains, which may or may not reach another ATH like what happened last 2017. |
|
|
|
Right now investing is not worth because bitcoin and altcoin dump extremely then better keep trading your assets and don't for cut lost when get bad situation right now, with bitcoin and altcoin keep stable with lower price you need waiting for when bitcoin will grow up to higher price.
Yeah. With the current situation of most cryptocurrency prices one can definitely imply it's not optimal to buy assets and hodl them, despite news of the upcoming halving. What works best as of the moment is trading bonds to gain the margin between stocks or in this case cryptocurrency, thoughI believe it's much harder to trade with cryptocurrencies compared to normal bonds. That being said, trading poses a much higher risk than investing your money but it definitely drags with it the biggest of rewards. And it is also highly important that you know how to tell whether it's best to trade or to invest. |
|
|
|
at this time many entrepreneurs are experiencing losses. but indeed not a few people who can use this condition to reap profits. we can see health equipment such as masks and hand sanitizers that most people hunt for, even basic needs are being bought in to anticipate the worst. many opinions about the antidote, but there is no valid and recognized by the world
Funny thing to add is that Soulja Boy, the well-known rapper, had bought stocks from companies who provide sanitation like soaps and disinfectant alcohol. So we can say he's swimming in that pandemic money right now. More over, people will always take advantage of other people's panics that'll drive them to find ways to make this pandemic profitable. Even here on our end, a lot of people hoarded, disinfectants, soaps and masks which they resold at high prices. This has been subdued by our Government and had the perpetrators face jail time, however. But as far as vaccine goes. I don't see it becoming profitable until it becomes commercially available. |
|
|
|
There is no real sample size for your dataset to come to conclusion, the first two are mostly a regional thing and I do not think it has any effect on global market, surprise you did not put SAR Virus in it, which seems to have more casualties than the first two on your list.
Because as far as information goes the SARS epidemic happened in 2003. 6 years before bitcoin was even born. I believe that though pandemics and cryptocurrency prices aren't directly correlated, diseases and world-wide epidemics like the COVID-19 can still affect people's thinking and would then cause them to dump out their investments. This is just my inference but I see strong evidences supporting it. And as I have mentioned, despite SARS claiming more lives than COVID-19 or MERS-CoV had claimed during their duration, it was the fact that the issue blew up 6 years before the dependent variable have even existed. |
|
|
|
There is no real sample size for your dataset to come to conclusion, the first two are mostly a regional thing and I do not think it has any effect on global market,
Yeah, I get it these are just pure assumptions of mine. surprise you did not put SAR Virus in it, which seems to have more casualties than the first two on your list.
I know that one but it has been 17 years since it was discovered in China, Bitcoin wasn't born until 2009 so I disregard including it. |
|
|
|
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. |
|
|
|
|
Show Posts
