I understand the fury for the investors but right now we are living in a time that is unprecented before. Normally when there is an economical problem there are solutions or at least safe harbors from it but this time around there is none. If you hold cash that is eroding in value, if you have stocks its going down, if you have crypto its going down, if you have gold its going down, if you have oil its going down, if you were in forex its volatile, if you are in anything it is going down.

When all of this is happening we are literally going down like crazy so there is literally nothing you can put your money into, there is nothing that can help you not lose your worth. So, you can't blame the crypto ecosystem I agree with that but you can't really blame the investors neither.

People are always looking for an opportunity to profit from everything. Just like a lot of people are now interested in soap production and hand sanitizers, everyone is just looking for their own way to profit from the current situation.

I am not really going to blame such people, anyone that sees an opportunity to make money and get rich will always grab the opportunity and do what it takes to get that money. What I don’t like about some people is that they don’t care whether it’s good or bad, they are just interested in money and nothing else.

Mate, the only true safe haven has been gold and it’s always remained that. And gold has been able to maintain its price at this time more than most of the other stocks and assets. Bitcoin is good, but I don’t know where the idea that Bitcoin is a safe haven came from, I don’t know who started such thing and made people to believe that.

How can you be expecting a market that is highly volatile to remain stable at this time or maybe you thought that the price of Bitcoin will keep going up at this point of time? This is a kind of situation is the type that creates panic, and there are lots of things that have been happening around Bitcoin , someone claimed that it might be as a result of the quantum computing announcement, though I don’t really believe that.

What did you think before, that Bitcoin can be banned? Bitcoin cannot be banned by any country , but they can stop people from trading it. I have seen a news that says Russia already banned Bitcoin trading in their country.

One thing you need to know is that the kind of exchanges that can be banned are the ones that are Centralized, the government can order banks to stop offering services to exchanges and that way the exchange will be unable to function. But decentralized exchanges will still be working and people will be able to buy and sell using DEX.

Have you ever read the story of those that started making use of bitcoin at first and became millionaires? If you check the reason why they started making use of Bitcoin, they always say that it’s because they saw it as a good asset that will likely yield profit in the future.

And they were right , it’s an investment and I don’t think there is a single person here that just put their money in Bitcoin and then decided to leave it there and hope that it will be adopted one day in the world lol, everyone here is always worried when they are losing their money in Bitcoin and they are happy when they are making profit, that’s the truth, anyone that denies it a big liar. But, that doesn’t stop BTC from being adopted anyway, though not as to replace fiat.

There are bunch of funny people these days and Photoshop is helping them do the work they are doing, which is deceiving people lol. Everyone these days has to be very careful, cause most of the so called influencers are so fake and not worth following.

I have even unfollowed all of them on Twitter when I got to discover this, all they mainly do is just lie and create wild speculations and deceive their followers. I am just tired of it and this time around I just do my research by myself and when I can’t do it I just relax and take whatever I see. No time meehn .

The way I see Bitcoin is quite different from the way most people see it. I don’t see Bitcoin as a replacement for fiat, I just see it in a way that fiat is here to say – like the US is not going to leave their US Dollar to start making use of Bitcoin as their main currency.

Bitcoin is going to be another means for people to access a cheaper and fast transaction, a currency that would be used to send money around the world which would be unlike the means we currently have. Countries might even have their cryptocurrency, a digital form of their main currency and as time goes on the Blockchain will become more advanced.

I don’t know for sure, and I don’t really think you’re right. If you check your first picture the price of Bitcoin was already going down before the date you marked; it reached the peak around July and then started to fluctuate downwards before reaching the date you marked.

So the way I see it, maybe that was just a coincidence that took place and not really the reason that the price of Bitcoin dropped. Even if that time comes I believe there will always be a way that one can protect his or her self from whatever challenge the quantum computing poses to the crypto community. For now, I’d say that there are more to this fall than what you have here.

I just like how the bank looks like, it’s just very simple and the design isn’t clustered like most bank apps you will see, just a minimum design and cool at the same time. 1.2 millions clients is not a small number, at least half of those that are using that app that are not into cryptocurrency would develop interest as time goes on and they will try to purchase and see how it works.

Also, maybe when they try it out for the first time they will start gaining interest in it. This is still new, if the government should approve the bigger banks, they might start integrating Bitcoin wallets and offering the services as well. New German law that was passed around February was said to allow such.

Sure, like how you mentioned that this increased our faith in God. A lot of people now remembers to pray to God and beg him to stop this outbreak, because there is no way we can run to if not to God, he’s the only one that can do this and of course faith without faith never works, so we in person have got to do what we are meant to do and avoid some places for now and try to stay indoors.

Another point you made I like is about family – there are lots of people who work to the extent that they never get to spend time with their family and love ones, but with what happened now they will be able to spend time with their family and value this moment. And as time goes on let’s keep praying to God and this situation will come to an end soon.

Lol you’re funny, I’m surprised that someone still think this happens this time around. If that was possible and still happening, I guess one influencer will just invest in an altcoin and come out any day to say something about the altcoin and cause the price to pump. Sorry that doesn’t happen again, I don’t even know if that ever happened, I don’t believe that.

Since 2018 after the last bull run, I have seen a lot of influencers that kept making speculations about coins like Ethereum and Bitcoin, I was expecting the price to go up since they have said something about it, instead the price kept falling and even crashed hands down.

It all depends on situation as of then. There are times I would sell my coins immediately I suspect that the price is going down, and after I sell I wait for when the price has reached what seems to be the bottom and I would buy back and hold till the price goes up to another high rate when I will be able to recover everything I have lost.

Moreover, there are also times that I will leave the money in my wallet when the price is crashing heavily like this, I just leave and wait till the price has dropped to the bottom, then I buy more coins and add to what I have before. As time goes on the price climbs back, which I know is going to happen for sure, and I will be able to recover the losses.

I can suggest you to be in USDT and wait for a specific time to buy as much coins as possible. We might experience a major dump soon which would then be followed by a pump and prices would start getting back on routine. There has been high volatility in the price for bitcoins which has even made a lot of positions getting liquidated on bitmex as well as binance and bybit which is continuously driving the price on the dip.

A lot of big traders have already lost funds in trading which has demotivated others and they have maintained a distance from bitcoins in this time and hence the price is getting dumped. We would soon see each of the markets getting back to routine.

Did you also see the news that they are rushing into WeChat Pay which has been a popular payment method there for long?

Bitcoin is really lacking, there is a level of adoption I wish that Bitcoin will attain. If companies like Amazon and Alibaba will start adopting Bitcoin as a payment method on their site it’s really going to help boost the adoption for Bitcoin. Whenever people wants to make payment on these platforms they will always see the Bitcoin option and when they see it regularly they will be urged to try out Bitcoin. I’m seriously looking forward to this.

Many investors have faced loss because they were prepared for the bullish trend and they were strongly hit by the bearish markets which gave them excess loss. Some of those investors also had some open positions in leverage trading and thEIR accounts got liquidated as stated by the past news about $120+M got liquidated on bitmex, binance and bybit.

This would be a major loss but yet there are a lot of whales waiting to get into the markets as soon as the markets start showing growth as the price would be bounced extremely vigorously in the short interval. We should never forget that the halving process is about to happen in few months.

Right from time it’s very important that after touching money you should wash your hands and keep them clean before touching any other thing, like your skin.

Cash circulates around and is touched by a lot of people, so it’s not good to touch cash and not wash your hands. They have really taken a good action by quarantining cash and burning them, that will be very good. And now is the best time for people to start making use of cashless means of transactions like cryptocurrency (Bitcoin), mobile banking apps, PayPal, WeChat, Payoneer and other electronic payment methods, that way there wouldn’t be any contact with anyone.

Bitcoin was made for times like this and that is EXACTLY why it dropped as well. I still think it shouldn't have dropped and I still think it should have even gone up but I do understand the reasoning behind selling bitcoin on times like this. Why was bitcoin created?

So, people wouldn't get affected by the falls of the societies economical troubles. What happened? People who have lost so much money due to corona virus and all the trouble actually sold their profitable and saved aside bitcoins to cover the difference and continue to live like nothing happened. During times when economy falls, if you are a person who didn't get affected by it thanks to bitcoin that means you are doing better than anyone else who didn't get into bitcoin. It wasn't suppose to be used like that but it does help people out on bad financial times this way as well.

Another newbie telling us what is best how did you know that that’s the fastest exchange there is, have you asked questions or have you done proper research about other exchanges there is? There are lots of exchanges that are far much better than this exchange you have mentioned when it comes to the services they offer. And moreover, this is not a popular exchange and nobody seems to know about it, I have even checked some of the comments here.

I am not the type f person that makes use of exchanges that are not well known. There are better crypto exchanges you can use like Binance, KuCoin, and even Coinbase.

But at certain point in trading we all require scripts and bots which can facilitate the tasks we are doing manually, I give you an example suppose you are a price trader and you make a purchase whenever price does by 1% and sell off once the price goes up by 1% then you may easily automate this and relax and spend your time on learning more about trading and charts.

I mean bots are there to make human tasks easier and not to replace humans at all, I mean it is us who will enter data into bots so they only make decisions based on that and hence I personally believe that yeah not initially but at some point in trading you always require a bot that can automate the process as much as possible with the trader only putting basic data and inputs.

Yes and each investment made in any crypto and in general too is because we are expecting the value to go up despite knowing subconsciously that the price will indeed go down at some point, it is very similar to gambling where when we are winning we still keep on betting because we think that we will win again no matter the past outcomes.

I am also one of the traders and even I always think positive but when I sense that the price may go down then I actually make smaller investments while when a dump happened like recently then I go big because I certainly believe the price will not go down at least by too much if even it does not rise.