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2521  Economy / Trading Discussion / Re: Is it true that Corona Virus may effect trading? on: March 21, 2020, 02:32:14 PM
Is it true that Corona Virus may effect trading?

Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.
It does because day after this post market slides down very hard and all that pointing is Corona virus effect on market.

Even stocks exchange are now shut down because of the Community distancing so there is no trading in real life happening now and with this the crypto market reacted bad as well and now we are just starting to rise again.

Maybe we will see good trading movement after the cure found but for now?expect this and more dumping and small pumping as whales surely manipulate the prices

It does really affects the world market because today there is a lot of the news because the stock market falls down immediately after the spreading of the pandemic virus also the world of cryptocurrency got affected most of the people withdraw their funds into fiat currency and use that money to buy all the things they need because some of the country today are having a lockdown so there is any chance that they will go out or go in even in their houses and one of the good thing they need to do is to stay at home and wait all things need to be fine. Still, we are looking forward that all of the people become some and back to normal again and the trading becomes wealth and profitable again.
2522  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Doomed ? on: March 21, 2020, 01:00:00 PM
Another manipulation? We don't know.

All we know is that the price of Bitcoin fell much worse than this in 2018. A lot of people thought that Bitcoin and other cryptocurrencies are starting to crumble, starting to die but it didn't. Bitcoin will always recover, from the past dumps up until now, it still proves that it will never let us down. Bitcoin will keep on giving us profit, that will be the same to other cryptocurrencies.

The previous price of the bit of before are in a good state and now it is rapidly falling and this is not a good sign because it really affects the whole market and at the same time, the investors and one of the reason why does it happen is because of the pandemic outbreak that is rapidly spreading. Still, it is a good opportunity to the people to make a start for investment because from 9k dollar it falls into 5k dollars but doesn't lose hope because yesterday the market price of the bitcoin goes up and this is also because to the investment that is almost $25 dollars investment the cryptocurrency and many people today are hoping that this coming halving will beat now the market price from the previous year of the bitcoin.
2523  Bitcoin / Bitcoin Discussion / Re: BTC + Corona on: March 21, 2020, 07:23:02 AM
Recent developments have shown that everyone is still relying on FIAT currencies, and in a crisis, everyone prefers to hold FIAT, or USD, in their hands. I think this is a mistake for all of us. It means that we haven't been able to explain Bitcoin and crypto coins in the past years. Unfortunately, cryptocurrencies are considered only as a method of making money for the majority. I don't think we can fully understand how important something can be for the future of mankind. The reason for this may be the existence of many SCAM projects, shitcoin in this market.
well, honestly the desire of people to hold the USD and fiat is very large at this time, even that is evidenced by the value of the USD which increases if exchanged with my country's currency. Until now, whether the decline in the price of bitcoin is caused by corona or not, but I think that this virus should make the price of bitcoin higher. Yeah, but the current situation is totally different from what I expected.

From the previous weeks, the world experience a pandemic plague and that is the coronavirus and many people get alarmed and some of them are holding back their funds and investment because they are afraid to lose too much money and some of them really affects the world market some of the stock markets rapidly down and this is not a good chance at the stock exchange also the market of the cryptocurrency fall the bitcoin and the altcoin becomes downfall because of the outbreaks happen. Still, the market price is on slowly recovering and they are now making a lot of changes because yesterday the cryptocurrency receives a huge investment and this is a sign of improving market again.
2524  Economy / Speculation / Cryptocurrency price is coming back. on: March 21, 2020, 03:54:02 AM
From the previous weeks until today we have a huge problem and this is the outbreak that is the Coronavirus or the NCov19 this pandemic plague are worldwide spreading and this is the one by the market price of the fiat and the cryptocurrency fall down. Now we are focusing to the cryptocurrency when the virus started the market price of the bitcoin in just 24 hours are immediately fall down and this is not good news to the people who made a lot of investment when the market is too high and the thing they must need to do is holding their coins and it takes again a lot of days or months to bring back the market price of the bitcoin to be good. But here is the good news from the previous weeks of a downtrend the market price of the cryptocurrency again becomes profitable because from the 24 hours of being stable of the market price the bitcoin and the altcoin price immediately increase for over $24 Billion rapidly and this is a good sign that the market price of the coin becomes profitable again.

From the price of the coin from $5000 from the previous weeks the market price of the coin rapidly increase and now it is already $6.2 and this is a huge change within this hours only the same with the altcoins they are rapidly increasing and this is a good sign of having a good market again, after the fighting to the spreading of the virus and it becomes fine again.

Reference:https://www.cnbc.com/2020/03/20/bitcoin-btc-cryptocurrency-prices-rise-as-stocks-remain-volatile.html

2525  Bitcoin / Bitcoin Discussion / Re: How Coronavirus affects Bitcoin and when it will end on: March 21, 2020, 02:16:06 AM
Yes. This is a patience game. The roller coaster ride will stay for how many months and what's the most important matter is that you are not letting the opportunity pass alone and you're buying at the every single buying opportunity.

I have read analysis that says $5k should be the bottom and it actually did. Within a span of less than 24 hours, $2k less for bitcoin and around or more than $70-B has been wiped out.

The coronavirus or the NCov19 really hit the market of fiat currency and the cryptocurrency but we are now focused to the bitcoin from the previous weeks of the bitcoin before the outbreak happens it is continuously pumping and it is a good market graph and one day after the government of the china announce that they are a virus spreading rapidly on their country the market price of the bitcoin immediately fall down because some of the people there make sure that their money is safe and can be used to survive for the whole outbreak and they use those to buy a lot of things they need foods, clothes, personal hygiene and more to avoid the spreading of the virus from the previous weeks it is rapidly dropping came from 9k dollars after two days its fall into 6k and now we are here in the price of 5k after a week it is become stable on the price of 5k to 6k range and now we are looking forward to the market income of the bitcoin again to make more profit to us and stable on the market.
2526  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin has an identity crisis now? on: March 21, 2020, 12:47:00 AM
Bitcoin's true purpose will be proven when the financial crisis goes extremely severe and fiat currencies loses its value, people will start to shift their interest towards protecting their money. The flash crash occured because people needed to cover losses, if the banks continues money printing then this would inflate and lower the purchasing power of paper money. Then from there we would see Bitcoin will decouple from stock.

From the previous weeks the market price of the bitcoin fall down immediately and that was not good news because it is a huge loss to the people who made a lot of investment to make more earning and they need to do is holding their coins because it is not good if they are trying to withdraw their funds immediately, and today after the crisis we are facing about the virus it is quite recovering for a while and this is a good sign for good changes because the volume of the bitcoin again will continuously increasing and also when the market price of the coin fall there is a chance that many investors again will grab the opportunity to make more investment because by using the buy low and sell high you can make a lot of income, still we are hoping to the market price of the bitcoin to make profitable again.
2527  Economy / Speculation / Re: Will Bitcoin Price Halving succeed with Currently Situation on: March 20, 2020, 03:19:53 PM
No one can confirm that Bitcoin halving will make the price pump rather it is proven that the halving effect won't happen immediately. It means Bitcoin halving will be done on time and the price will remain according to that situation. If the corona epidemic gets over before the halving time then I hope Bitcoin price will be high otherwise I can't hope for big.
The current market is moving positively and it's showing good bounce hopefully it's the beginning of the rise inside the market. Though no one knows what will be the real score  but everything is working in how the traders and investors like it to happen.
Be positive and buy when you are  ready to invest for longer time period. The effect of halving will be there same with how it works before.

One of our huge problem is the market price because when the outbreak are happening the market price of the bitcoin and the altcoins drop and this is not quite good still we need to make some changes and now the price of the bitcoin recovering and this is a good sign for having a market income or profit because it is normally back and give a good market income. Still the halving is coming and we are looking forward to make more earning with the help of the slowly process of increasing of income.
2528  Bitcoin / Bitcoin Discussion / Re: Store your bitcoin on: March 20, 2020, 02:41:00 PM
Yes, the current market is just temporary because of the effect of this COVID19 virus. As soon as this virus stops and people are treated, everything will be back to normal, just the earlier price of bitcoin this year. Hope everything will soon recover and this virus will stop from spreading. Let's just keep believing and praying and keep on hodling for our future.


The world of cryptocurrency especially the bitcoin makes a huge impact to the economy and this is because of the virus spreading right now and most of the people withdraw their funds just to spend and use to the things they need just to survive and some of them are just holding their coins because they are afraid to lose it the same time because of the decreasing of the market price still it is a good opportunity to the people who would like to make an investment at the early time because they can now make it easy to make a profit because by just following the simple investment of buy low and sell high they can now make a lot of market income still we are looking forward to getting a lot of profit .
2529  Bitcoin / Bitcoin Discussion / Re: Bitcoin trading by Italian Banks on: March 20, 2020, 12:33:20 PM
Recently, Italian banks have opened up their own crypto trading services. Not only is it for trading, but the crypto traded can also be used as a mode of payments for goods and services. It's also a timely decision by them especially with the quarantines happening all over the place, and even if there wasn't one, people would still be quite afraid of going outside in fear of being infected by the virus. Don't tell me about how the chances are close to null if there isn't anyone infected in your place, fear can be quite a fearsome thing.

It's quite encouraging that even among banks, some fully support the development of Cryptocurrency and would even be the one to start influencing their fellow countrymen of its existence. Plus, they're also fully integrating it into their everyday transactions. I'm not particular about the specifics of how the system does the trading, but based on the article, no KYC is involved which is another plus factor imo.

Source: https://cointelegraph.com/news/italian-bank-opens-bitcoin-trading-to-12-million-during-lockdown

That was quite good too because they are now appreciating the bitcoin just to make an investment still it is quite good if they are trying to make more profit with the help of bitcoin. Today bitcoin is one of the best coins that you can make a lot of income by this you can now make a lot of advantages and improvements by the transaction you have today. Also, bitcoin or the cryptocurrency is one of the best things we need to adopt today because we are avoiding having transactions of physical money because it may cause spreading the virus we are having today. It is better to avoid for a while the use of face to face transactions and conversation instead adopt the use of digital currency.
2530  Bitcoin / Bitcoin Discussion / Re: How bitcoins is helping during the lockdown on: March 20, 2020, 07:06:43 AM
I guess that the current situation of government lockdowns everywhere will benefit all online industries.
Online shopping is booming.Amazon wants to hire 100,000 people in order to fulfill all shipping orders.
The crypto world might benefit from this as well,even though the crypto exchange platforms were damaged by the market panic.The coronarecession will damage all "brick&mortar" businesses and many people with "9 to 5" jobs will lose their income source.There must be some kind of social security system that protects them from extreme poverty and going bankrupt.The governments should find a way.I don't think that the crypto world can help those people.

One of the widely spreading news today is related to the outbreak happening right now into our country and that is the coronavirus and many people make a lot of panic buying or hoarding because of the lockdown happening on different places and their city to secure they selves they need to buy a lot of things immediately and some of them are having a cryptocurrency or the bitcoin and some of the people make withdraw and convert their bitcoin into fiat currency so they can use it to buy all the things they need and now it is really affect to the whole market of the crypto because they are rapidly selling their coins and the price of the bitcoin fall down, also some of the investors of bitcoin help out and donate some money to the government or to other people so they can sustain for a while and cure the virus and avoid spreading on it rapidly. The total bitcoin amount is too hard to identify because from the price of 9k dollars it falls immediately into 3.9k dollars.
2531  Economy / Scam Accusations / Re: Coronavirus scam email - do not donate bitcoin on: March 20, 2020, 05:29:54 AM
I am not surprised that scammers decided to deceive people in this way.
Not really the first time that I've seen some scammer used something like this to be honest I've worst,
I have seen a scammer using some sick people's info to ask for donation,
Some calamity survivors state just to ask for donations.

Today we are facing a huge problem to the economics because of the outbreak happening right now and because of the coronavirus or the NCov19 this virus comes from Wuhan, China and spreading rapidly and it does not bring good news to the market too because while having this economic crisis all of the stock market and the cryptocurrency fall down the same with the fiat currency and now there are a lot of people stating they are having a donation campaign to the people experiencing this kind of outbreak but that is not really their intentions instead they are trying to scam other people just to make money and avoid this kind of an action because the only one who authorizes to do that is the government and other officials on their country.
2532  Economy / Gambling discussion / Re: What are the terms you decide on which casino to play? on: March 19, 2020, 02:01:52 PM
Perhaps i assess casino sites based on their winrate cause some of them are really extremely hard to make money on, while in other site the percentage of you always winning is quite high. So that's one of my criteria, another one is having a provably fair feature, it offers more security and legitimacy unlike gambling games like Yobit about their dice games that's obviously manipulated when you have a winstreak.

We cannot make any decision and rules for the casino only because most of the time they have their own rules and regulation but still we need to consider a lot of things like having a background check to the place we need to go or to visit via website also it is better to identify which casino is suitable for our games to make more profit, also it is better if we are trying to make a background check to the games we want to play because most of the time today there are a lot of some changes about the games because of the rule came from the administrators. Always look for the things and advantage that may help you to make earning not just playing games only.
2533  Economy / Gambling discussion / Re: Ways to recover from being addicted in gambling. on: March 19, 2020, 01:02:18 PM
But for me, the way I often do is fight ourselves and think logically. Thinking about what will happen if we continue to play gambling and throw away our money, I keep thinking about this. so I realized gambling addiction was a bad thing indeed.
Not everyone does this kind of strong intellectual. They are having difficulty to conquer it because their minds can't concentrate and only thinking of the same thing and that is to take back their money, their losses and everything. When someone does have this thinking, it's very hard for him to think logically because he's already straightminded and it's difficult to stop them unless they finally realize that it's not making them better in the long run.

One of the best things we have today is gambling because by this we can now make a lot of earnings that we can use to our selves to makes more earning because by just having a good time to play at the same time we are earning a lot of profit. Sometimes we cannot say that the win all the time we are gonna win our games but some of them are still having consistent of earning but there are few people have their own luck because they lost their money a lot. Some of them having some recovery with the help of their taking some rest to make more chances to decide about the things they do before they will make a new game to make more earnings. But it takes a lot of time to recover for having the mistake we made still always be optimistic
2534  Bitcoin / Bitcoin Discussion / Re: Bitcoin during pandemics on: March 19, 2020, 11:16:53 AM
I support for those who says that the situation of bitcoin now is really different with the privious pandemic. Have you consider that Chinese's people give a lot of effect for bitcoin price? And now when the corona virus came maybe they were intend to sold their bitcoin because need money to buy some stuff to meet their daily live. So as the price of bitcoin felt and make many user panic and sold their bitcoin as well. Yeah Chinese's people has been overcome bitcoin mining, I saw in a lot of news who stated that chinese have more then half bitcoin miner on this world.

From the previous week there are a lot of things happen related into our world there are a lot of unexpected happening and even and one of this is the pandemic outbreak happening because of the coronavirus of the ncov-19 this virus is coming from Wuhan, China and it came from eating an exotic foods came from insects, bats and more and we cannot blame because it is a tradition of them. By this, the stock market to falls down because of the problem we have today still we are looking forward to make more earnings after this kind of downfall. Some of the people holding their bitcoin is rapidly selling on it and a huge impact to the world market and this is not quite good because the market price of the bitcoin came from 8k dollars immediately fall down in 5k dollars also we are hoping the market price will bring back and becomes profitable soon also halving is coming.
2535  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a Store of Value on: March 19, 2020, 08:34:21 AM
Quote
Long-term, Bitcoin is a Store of Value.

Short-term, Bitcoin is a speculative asset.

You are right,but speculative traders are what gives Bitcoin value.They pump the BTC market with liquidity,so the price can survive,even though there's a bullish trend or a big crash.The speculators are hungry for taking risk.They are "buying risk" by buying Bitcoins.If you remove price volaitility(and the element of high=big profit) from Bitcoin,all the speculative traders will be gone,thus the market liquidity will be gone,therefore the Bitcoin price will be very low,maybe even close to zero.The short-term speculations are what actually makes Bitcoin a store of value(yet,still very volatile).

The market price of the bitcoin fall down immediately because of having falling of market stock and also the spreading of the disease today and that was not quite a good news to the investor or the people made a lot of investment when the market price of it is too high and today we are now having a huge problem because the price of the bitcoin becomes more stable to the price of five thousand dollars and it takes again because it can earn a lot of profit on it still we cannot say that if you made a lot of investment when the market is too low because sometimes it became volatile and it may fall immediately and lose a profit for having a mistake on decisions.
2536  Bitcoin / Bitcoin Discussion / Re: Why Does Bitcoin Have Value? on: March 19, 2020, 07:24:36 AM
Majority of Bitcoin's value comes from speculation rather than fundamentals (scarcity and utility), we can see it by how much the price moves without any change in fundamentals at all.
Bitcoin fundamentals are not just scarcity and utility but the evolved technology, community and the network, as well a the established methods of this evolution. It is nearly impossible to duplicate this evolution of miner infrastructure, community support AND decentralized decision-making. The fact that bitcoin is here is here to stay.

The next fundamental that all the "business" people cry about is "utility on blockchain". This is where success of LN becomes all the more important. If the LN infrastructure gets going, it'll mean that the tech has matured to a level where a layer-2 utility can use the security of base layer. The use there-on is limited only by the acceptance of bitcoin's advantages by the people and developers. Instead of hating on each other, people can just accept bitcoin as it is and work with it instead of against it.

It is the same why does the fiat currency has value because today most of the people are using the fiat currency for making transaction and by the creator of the bitcoin he wants to make it more digital currency so all of the transactions today are we can do by the help of the internet world or the cyberspace now this is the most use transaction and they are now supported the conversion of fiat currency into cryptocurrency that you can convert your money into the digital world that you can now pay a lot of things through online without using physical money it has a value because it is the same like the fiat currency today.
2537  Bitcoin / Bitcoin Discussion / Re: Bitcoin Theft on: March 19, 2020, 05:07:02 AM
Time and time again, people are always getting their money swindled in the Internet but we don't learn for a long time this scam has been a problem. If people had been using their common sense then there will be no one who will be fooling you, this must be a mantra in the cyberspace, don't give away your information on the Internet.

Still, there are a lot of people having trouble because of the cryptocurrency and especially the bitcoin because we all know that this coin is one of the most profitable coin among all time and many people today are using this to make a trasaction like transferring of funds, sending to other people, and paying bills and today there are a lot of way to be secured because the internet is full of source if the information and one of the things we need just to do is learn and study those concepts but still we have some trouble regarding with this because some of the users are still getting scam by the other people we cannot blame them because all we want is to earn more and some of the scammers are offering help but they have an intention to get your information and your account, some of them are really knowledgeable in computer and there is some way of having phishing just to steal your personal information. Again be safe into the cyberworld because we do not know if they are really true person, avoid having interaction with other people if you can just to secure your self too.
2538  Bitcoin / Bitcoin Discussion / Efficiency of using a card with the use of cryptocurrency. on: March 18, 2020, 11:43:22 AM
From the previous weeks, we are now facing a huge problem related to the stock market and the whole process of earning that is related to the fiat currency and cryptocurrency but my focus today is the use with the cryptocurrency because it is the fastest and secured transaction nowadays and now we are facing a huge problem in the economy because of the spreading of the outbreak happening today that is the coronavirus or the Ncov19 and there are rules today that we need to avoid having contact to the other people and this is the best time for the working of digital currency today they are now widely spreading and support the use of cryptocurrency and online payment because they are avoiding getting outside just to pay for their bills and other stuff they need just to survive to the outbreak.

Yesterday is the releasing of the and approval of the coinbase for having a card transaction because they see the potential of this kind of transaction payment, we all know that the coinbase is one of the largest exchange platforms that you can make investment and trade your coins to earn more profit, by this they conclude and use this opportunity to make more convenient with the help of having a coinbase card this card is the same like the atm and debit card we have today but the difference is they are using the cryptocurrency and automatically converted into fiat currency. Only a few countries will have the opportunity to use this kind of card today and also they can only use this for the Google Play for a meantime.

Reference: https://cointelegraph.com/news/coinbase-card-now-available-on-android-phones-through-google-pay
2539  Economy / Economics / Re: Corona has killed economy of many businesses on: March 16, 2020, 01:45:15 PM
Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

I guess I only slept a few moments for many of these businesses. and that is not for all businesses, because various needs are profitable right now, although this is not ethical to talk about, but the reality is like that. after this virus is dealt with, I think many sleeping businesses will wake up again, and that will definitely happen

Today we are having a lot of problems because of the pandemic plague spreading for over the world and it is better if we are keep trying to make a move to avoid these but still, the government make a rule immediately that it is better if you keep safe in your houses instead going to work or to your business to avoid having physical contact with other people, just a few months you will experience this and we are hoping it came back again into normal that we can go to our work and being productive and earn our salary. Still, it is better if we make some hobby to be still productive.
2540  Economy / Economics / Re: Coin prices down 25% to 30% this morning. on: March 15, 2020, 03:33:23 PM
Many people are surprised to see bitcoin price movements in recent days, because prices have experienced a very drastic decline.
Even some people panic, then sell their bitcoin. If bitcoin has decreased in price, it must be followed by altcoins who also came down.
For me it does not matter what the reason that makes the price of all coins has decreased. What's important now this is a great
opportunity to buy coins at very cheap prices in my opinion.


Today we experience the dropping of market price of the bitcoin the same with the altcoins does event does not happen immediately in just a single day the market price from 7k dollars it fall rapidly into 3.8k dollars within 30 minutes and many people getting alarmed to and they sell their coins that may cause of lowering the market price of the coin also one of the cost of the lowering of coins price is the pandemic virus spreading over the world there are some people making investment to the cure of the virus so they need to manage and pull out their funds also there are a lot of people making withdraw because they need to use their money to buy a lot of things and foods because of the shortage happening.
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