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2521  Economy / Speculation / Re: Guys avoid panic sell... on: March 27, 2020, 11:47:07 PM
This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.


So what?

Quote
Every sixth death in the world is due to cancer, making it the second leading cause of death (second only to cardiovascular diseases).1 In 2017, 9.6 million people are estimated to have died from the various forms of cancer.

1000 per day makes it only 360 000 a year compared to millions that die from cancer and millions that die in car accidents every year. I don't see anybody making a big deal out of car or cancer deaths but it takes just a few people to die from a new form of virus and there's suddenly a worldwide panic and everything gets shut down.

2522  Economy / Speculation / Re: Guys avoid panic sell... on: March 27, 2020, 11:06:50 PM
After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...


If you think that it will continue then sell and buy more later. This is the basic instinct of an investor. If you believe that something will happen take advantage of that knowledge.

I don't sell Bitcoin because I prefer to keep it safe in cold storage. Safety is my main concern and I trade only coins that I don't believe in but if some of you hold coins on exchanges why not trade them?
2523  Economy / Gambling discussion / Re: What are you doing now? on: March 27, 2020, 10:40:51 PM
I can't do most of the things that I used to before the isolation begun but you can always find something to do as long as you're feeling well. The Spring has begun and I've been spending more time in the garden, working out, trying to get back in shape after Winter lazyness. I also work from home so there's always something to focus on.

If you cannot live without gambling buy some lottery tickets or those stupid scratchcards. Go play some online poker. That can really help.
That advice that someone gave you to bet on esports is also good but many tournaments were postponed because they weren't planned as online events.
2524  Economy / Gambling discussion / Re: Bitcointalk has been blocked in Russia because of Gambling advertisement on: March 27, 2020, 10:31:19 PM
Quote
The reason for inclusion in the blacklist was a letter N.

Congratulations, now Russians are using the N word towards Bitcointalk Cheesy

Russian government must have a lot of time to waste during the pandemics if with all that's going on they can focus on banning cryptocurrencies and blocking access to bitcointalk.




2525  Other / Politics & Society / Re: This Is Our Last Chance to Protect Our Privacy Amid the COVID-19 Crisis on: March 27, 2020, 10:14:38 PM
They are using this situation to force people into submission.

I read about countries trying to get rid of cash, make people stay at home and fining them for going out, even if they're healthy, which is like curfew.

Some countries in Europe are also trying to give more power to their police so that they can jail you much easier, even if you're not doing anything wrong but going where they don't want you or if they suspect you might be sick.
2526  Bitcoin / Bitcoin Discussion / Re: Bitcoin's price, and mental health. on: March 26, 2020, 08:54:06 PM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

If you're checking it so often it means you are scared of the drop or want to make some fast money selling when it begins to rally again. Either way it's not a healthy approach.

If you invest, invest long term. Don't check prices 30 times a day because you're wasting time and torturing yourself when the price doen't meet your expectations. You have no control over it and it will do what it will do. Eventually it will go up even itf it means going down to 3000 in the process. What are you going to do if it bottoms once again? Sell?

I know that I will never sell at 5 6 or 7 thousand because this price does not satisfy me.
2527  Bitcoin / Bitcoin Discussion / Re: Do Holders actually bought BTC during the crash? on: March 26, 2020, 08:36:32 PM
There were people on the Wall Observer thread who were buying hard in the $4000 range. There were also people running around like headless chickens who sold at that moment too. The golden rule is always to do the exact opposite of what your emotions want you to do. Hardly anyone can do that but if you can you're forever ahead of 99% of people.

This is very smart and I've been doing it every time.

I found that when the price keeps falling I'm surprised but believe it's just remporary so I keep holding but with every coming day when the price keeps going down I feel more and more pressure to sell. After a couple days I really start thinking about selling because it went lower than I had expected and I know this is the worst time to do it but it's how our minds work.

It's best to get busy with life and step away from charts.
2528  Economy / Speculation / Re: HODL HODL HODL...AND BUY MORE on: March 26, 2020, 06:40:55 PM
Now is actually the time to hold and buying more. The covid19 will soon be a thing of the past and very soon it infect on the world economy is going to die down. I believe that bitcoin is going to be the best beneficiary after the virus is bring to an uncontrollable level
 Now is the time to buy and not to sell.
Trump is trying to open the country again because he sees that this isolation is bad for the country.

Bitcoin fell soon after his first announcement about closing the borders. We'll see how the stock market will react when everything starts going back to normal.
We saw how stocks can influence Bitcoin so if stocks go up so will cryptocurrencies.
2529  Economy / Economics / Re: Start investing so you can quit your job and retire early. on: March 26, 2020, 06:06:24 PM
You want to know how to invest in cryptocurrency?
Step 1: buy bitcoin
Step 2: put in cold storage and forget about it for another 2 years.

I'm not sure this is the right decision. I believe that bitcoin requires constant attention. For example, you bought bitcoin for 19 thousand dollars in 2017. And then after a while, when you needed money and you decided to sell it, bitcoin became worth 5 thousand. This requires at least a little knowledge of the trader.

You had to be retarded to buy Bitcoin for 19 thousand. That's true even when it hurts to be called that way.

When an asset starts going up exponentially wvery week you know there's something wrong with it just like you know something is wrong when it goes down 50% in a day.

From 1000 to 5000 it was an organic growth with pullbacks and then it went exponential. You could try to raid it from 10k with a finger on the sell button but never buy to hold from that moment. Holding is a great strategy but you can't buy at the peak of the bubble. Even if you bought at 10 thousand the 2019 bull run would allow you to profit. To profit after buying at 19 you'll probably have to wait for another 1 or 2 years.
2530  Economy / Speculation / Re: Types of People on this Corona Virus crisis which group you belong? on: March 26, 2020, 05:58:59 PM
I'm the hodler. I'm only trading altcoins but with Bitcoin it's only the hodl strategy for me.

I don't care much about alts and play around with them. Sometimes I gain some sometimes I lose some but it's entertainment just like gambling. With Bitcoin it's different because this thing has already paid all my bills. I got some coins in 2016 and spent less than a few hundred for what now is worth 6 thousand.

You don't throw away an investment that keeps on giving.
2531  Bitcoin / Bitcoin Discussion / Re: I realise Coronavirus is not a reason why on: March 26, 2020, 05:46:42 PM
That's a candid explanation about the crush of this market @OP but I still think in a way the fear that this virus spread around the world cause this crash. For instance, if governments had not announced lockdown in various countries people would not have sold their bitcoins out of panic.

Again, It is not just the corona virus that causes the value of Bitcoin to crash. If you're not aware there was a massive plus token scam and dump happened just after the worst spread of corona virus all over the world.
The pandemic is just another factor why the market is struggling right now.
As you can see Bitcoin is gradually recovering because cryptocurrency has no direct relation with the pandemic unlike the stocks.

That's completely unrealistic if you compare a number of facts.
1. The amount that was stolen by the scammers.
2. The average daily volume on exchanges.
3. The time when plus token was found selling which was somewhere in May or June of 2019.

They wouldn't be able to cause a crash like that because the amount of coins they had was too small. Especially in 2020 when they were already out of coins or mostly out.
2532  Economy / Speculation / Re: Three economic signals that indicate that Bitcoin will see an increase on: March 25, 2020, 10:24:45 PM
About stocks. Many people wanted to buy the dip a month ago and got burned on stocks because this wasn't your typical 5% dip. It was followed by another 5% and another.

When I saw this Bitcoin crash I knew it was a panic move. There was nothing normal about it and many people like Snowden also saw it and talked about it. When people realize there's nothing wrong with Bitcoin and stocks, gold, silver, oil are going down too, they will start buying it all back. Bitcoin will go up.
2533  Bitcoin / Bitcoin Discussion / Re: Bitcoin current situation on: March 25, 2020, 10:15:08 PM
2. But in the other hand some other people, unfortunately,  using the money from dad/mom/loan/... Also they want to get the profit in short term.

Those people shouldn't have invested at all. Invest only your own money people or you won't be investing but gambling.

By investing someone else's money you're bringing a third party to the mix. This third party will be able to put pressure on you and disrupt your trading strategies and if you ever lose money that third party will come after you. It will happen even if it's your parent. They will remember your mistake and remind you about it scaring you from making bold moves with your own money.
2534  Alternate cryptocurrencies / Altcoin Discussion / Re: Promoters still have a place on crypto world on: March 25, 2020, 10:02:15 PM
You don't need to run a bounty campaign to promote a project.

You can run an airdrop instead, get some vloggers to talk about you. There are many ways of getting people interested in the product. Some scam coins did not run a bounty campaign and managed to get buyers through other ways like affiliate marketing.
2535  Economy / Trading Discussion / Re: If we have great ability, is capital from bank loans safe for us to use trade? on: March 25, 2020, 12:34:41 AM
Loans are bad especially if you like taking a risk with your trades. They will cloud your judgement and made you trade more nervously. A gambler could could say that taking a loan can later force your hand in trading.

Also a loss of a loan hurts you more than a loss of your own money. You can be in some real trouble when they take your car or your computer because you stopped paying and cut you off from ways of making it back.
2536  Bitcoin / Bitcoin Discussion / Re: Bitcoin and illegal activities on: March 25, 2020, 12:10:27 AM
If it's really 1 or 2% then it's much less than fiat. Cash has always been the choice of criminals especially drug lords. Pablo Escobar had millions of dollars buried in the fields behind his houses and hidden inside walls.

The Dollar is the currency behind everything illegal. Bitcoin doesn't even compare to that.
2537  Economy / Gambling discussion / Re: Does anyone pay for slandering gambling websites on Bitcointalk? on: March 24, 2020, 11:01:56 PM
We still have no valid proof that this thing is happening but those complaints by newbies some of them are valid and the proof is on the scam section, so many accusations are valid and there are many sites that are exposed because of this complaints, some of this newbies maybe an alt account and just to protect their main account here.

If they are complaining without proof it's safe to say their opinions are untrue. You have to be smart about these things and spot trolls. I don't think the reputation of a site will suffer if a few newbie accounts say some made up stories on a bitcoin forum.

Give me an example of a site that went out of business because an army of troll accounts destroyed them. You won't find any.
If a site is fair it's not going to get slandered into oblivion.
2538  Bitcoin / Bitcoin Discussion / Re: Did this guy just find the founder of Bitcoin? on: March 24, 2020, 10:51:11 PM
Hey, guys just wanted to know if this is legit. Its an admin approved Wikipedia post too. Check out the video this guy has posted below.  Roll Eyes

https://vm.tiktok.com/pWcvEP/


Wikipedia by itself is not a source when it comes to anything important.

You can't even use it as a source when writing a thesis on a university. Nobody will accept it because anybody can contribute and the information will remain on Wikipedia as long as someone doesn't find and correct it.

This tik tok post is a joke and you're just helping him get views. These days you can literally post the biggest shit and get views if you use a good catchphrase.
2539  Economy / Gambling discussion / Re: Why there are so many people who get addicted on gambling? on: March 24, 2020, 12:25:39 AM
OP, you could as well ask some other rethorical questions like:
Why there are so many drug addicts?
Why there are so many smokers?
Why there are so many workaholics?

People get addicted to things they like doing. Some get addicted to playing computer games, others to gambling. You can't change that.
2540  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin useful as a currency if so few services accept it? on: March 23, 2020, 11:00:56 PM
Although Bitcoin is a virtual currency, meaning it does not exist,

Bullshit.

Saying that Bitcoin does nor exist is just like saying that your rights to software of rights to a domain do not exist.

What if I take all yor emails and your files in google cloud and it won't be theft because they do not exist? How about that?
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