I think general uncertainty on the markets due to a certain pandemic is more likely to blame than anything quantum related.
You know what also happened during the day of the big red spike? The US closing their borders to Europe.
I doubt mate! A general uncertainty within the common market usually should lead to a positive spike in crypto market. Because crypto assets are generally seen as a alternate market where people invest during the uncertain times. It is very similar to the gold market at large! Also crypto should not be affected by the closing of any boarded. It's a truly global currency which defeats the geographical borders and its related restrictions. All you need is a laptop and an internet connection to get associated with crypto market from any corner of the world. You don't really require a KYC to prove your nationality to crypto market. So crypto market is usually immune to the such kind of things. I believe, the downturn happened due to a huge sell-off worth 110 million USD from Plus Token owners. That was reported in several crypto related news websites few days ago. Seems more convincing! |
|
|
|
I think OPEC is there to mediate on oil issue and as far as I know, the body has been reaching out to oil nations. War is not what middle east need now but a cooperation within themselves. And now than ever before, the world needs to come together for tackle the current health challenge.
The organization of Petroleum Exporting countries (OPEC) is an intergovernmental nations of 16 countries. The powerful of them all - Saudi Arabia. Let's look at some interesting statistics below, Military budget: Saudi Arabia - $67.6 billion UAE - $22.7 billion Iran - $19.6 billion Algeria - $13 billion Indonesia - $7.6 billion Venezuela - $7.45 billion Congo - $7.15 billion Angola - $7 billion Qatar - $6 billion Kuwait - $6.8 billion Libya - $3 billion Ecuador - $2.5 billion Nigeria - $2.1 billion Iraq - $1.73 billion Gabon - $83 million Equatorial Guinea - no info Source: https://www.globalfirepower.com/defense-spending-budget.aspFor this reason, no one within OPEC will get into a war unless and until it is incited by some other countries outside OPEC. We need to remember, that not only Oil price is crashing. Every single market on earth is crashing and the issue is faced by every countries on earth. It's not about the oil only! Chill! no war would happen in imminent future! |
|
|
|
Sacrifice scalability and make non-scalability an actual feature to keep BTC what it is: SoV which needs time to prove itself.
Need a MoE? Just use fiat or wechat money.
Can bitcoin continue its journey with non-scalability? that's a big concern. we need something that is fast and secure That's a great question. I am sure a lot of other people are also concerned about this particular matter - scalability! A lot of people scream about the fees and the speed of bitcoin transaction and it's indeed an issue. Probably we are not facing the heat right at this moment but if bitcoin is adopted worldwide, transaction fees and speed will be a big issue. But we have a solution to it. Have you heard about Lightening Network? If you haven't heard about it, I have a good resource for you to see, https://www.binance.vision/blockchain/what-is-lightning-networkWe currently have many options for LN enabled wallet and you can definitely try them. I promise, that once you use LN for your bitcoin transactions, your concerns about scalability will be gone forever! Hope this helps! |
|
|
|
KIN Foundation ICO was a very successful one as it had managed to siphon out around 100 million usd from the pockets of the common investors. However, that sale event has been scrutinized by SEC and taken to court for final verdict. I found an old article related to their court case. Read below, https://cointelegraph.com/news/does-kik-stand-a-chance-against-the-goliath-of-the-sec-in-a-us-courtIf, Kin Foundation wins it, OP will make a good amount of money. But the chance looks feeble at this moment. Buying KIN token will be a hardcore gambling! |
|
|
|
I've done research on bitcoin and I know what it is and how it works, kinda. I've even built a small block chain app.
What I don't understand, and I haven't been able to find the answer to, is if I own some bitcoin, how does that help me buy groceries at the market, or gas for my car? The market I go to doesn't accept bitcoin and neither do the gas stations. If I can't do that, how is bitcoin worth anything to me?
Also, how are people supposedly getting rich with bitcoin? I thought it was a currency, where we can buy things. Then I find that it's also a commodity where we can trade it.
The fact that a single bitcoin was approximately equal to a few cents when it first came out, but now is worth tens of thousands, is very troubling.
There are several ways to make use of your bitcoin. See below, 1. Visit Bitpay website and order a visa prepaid card. Use that card to any merchats worldwide. 2. Visit localbitcoins or paxful and convert your bitcoins to your local currency. Use it anywhere within your country. Hope this helps! |
|
|
|
Far more concerning, however, is the news that they have dropped banks' reserve requirements from 10% to 0%. This is the main concern among all other news. QE happens from time to time in all countries to cope up with the inflation. So QE is not a concerning news - just the amount is higher this time! Making the reserve requirement zero is actually a bad news. These reserve requirement is put in place to ensure the security of the common people's money. This limit is lifted means, banks can now lend 100% of their deposits and if a big percentage of their loan becomes NPA, you and I will be royally fucked! The interest rate regime is also showing a huge downturn. It seems like US is soon going to experience a negative interest rate like many countries in Europe to support the economy and Banks at large! |
|
|
|
Another COVID-19 story to link with bitcoin. Another attempt to think USA is the leader of the world. Is it very hard to believe that some scammers from Korean country has sold off over 100 million of siphoned money? The world market is bleeding because majority of the production factories are shut due to the COVID-19 pandemic. Majority of the service sector people are working from home wherever possible to keep up with the demand. The overall sentiment in the market is very very bearish. What on earth it has to do anything with bitcoin? While we don't have a particular answer why the crypto market is bleeding - people are happy to link it with the COVID-19 outbreak. But the story below sounds more convincing. https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff |
|
|
|
The definition of ponzi scheme is as below, A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers If I have to go by your definition, I will have to say everything that is traded in the market - is ponzi! Re-think these three phases with an iPhone 4 model. Phase 1: Produced by Apple Phase 2: purchased by you to sell it at higher cost Phase 3: no taker in market so you can't sell it Will you call iPhone 4 a ponzi scheme then? It is a market rule. Everything comes with an expiry date. If you look at Kodak company, you will understand it! But having no buyer for some asset/product doesn't make it a ponzi scheme! |
|
|
|
|
I don't consider bitcoin as a hedge for anything at all. It's great that Tyler has the guts to speak up truth in public forum, but bitcoin isn't a hedge for anything. It looks good as a parallel economy thriving within the internet ecosystem. It's a great asset for speculators to ride the wave and make money. But it's not a hedge in any way! For hedge, I would look for something more steady in pricing!
|
|
|
|
Im gonna explain how whales benefits from Corona Virus.
Whales already sold BTC at 10K$ - 9K$, they created Corona Virus by hiring corrupt doctors and underground Labs, They spread corona virus in world to DUMP BTC and buying BTC again at 4K$ or 3K$ and laughing at people. whales have more than 1 Million BTC which is enough to hire any doctor or corrupt Labs.
Example: Whales Sold 1000 BTC at 10k$ 2 months ago, Now they Re Buy BTC at 4K$ and now they have 2500 BTC.
Thats all.
Is it just your thought or do you have something to prove it? It is absolutely bogus claim and there's no reason to believe it! Your statement looks good from the perspective of a conspiracy theorist but not really practical. Also how do you know that whales have 2500 bitcoins right at thi moment? |
|
|
|
Financial ponzi is not sustainable for ever!!
When one ponzi is crashing then other ponzi will replace it.
Current Financial ponzi is Old not sustainable anymore!
Why do you think the current financial market is ponzi? What similarities do they have? When you are talking about replacement, what is the viable option you see? |
|
|
|
|
There is one technical mistake - COVID-19 attacks the respiratory system and not the immunity system of human body. There are hundred of people recovered from COVID-19 early cases where the main medication was given to boost their immunity system.
Economic turmoil is already happening and it seems like even worse than the 2008 crisis, at this moment. If you look at the stock markets around the world, it is only showing signs of decline. Workplaces are empty as majority of the companies have given work from home, factories are shut and rumors are all around. Ramadan will not make the situation worse. The current economic situation is called "Stagflation" and there's no easy way to get out of it! Do a google search on it!
|
|
|
|
We will have economy re-start.
Loans will be cheap and Everybody even with Bad poor credit history will Get the loans Again.
Inflation will hit to sky!
But year 2025 Everything will be collapsed.
The Year 2025 is end of the USA dollar!
What is the background of such speculation? I agree with your initial statement where you said that inflation will be high and loans will be cheaper. We have already started seeing that trend and majority of the Central Banks are gearing up to reduce the basic lending rate. This situation is called stagflation. Ideally, when inflation is high, lending rate goes costlier to tackle it. But what is happening currently is called stagflation and it's not easy to get out of this scenario. However, I don't get the background of your statement when you say that everything will collapse in 2025. What triggered such thought? |
|
|
|
I started a thread a while back asking if anyone knew of any bicycle retailers that accepted bitcoin--in particular, I was looking for someone who had a selection of e-bikes and would take bitcoin. Unfortunately all the suggestions I got didn't help me much. Right now I actually have enough bitcoin to buy the bike I was originally looking for, but I don't have a clue as to whether there's a retailer who sells the Turbo Vado and who accepts bitcoin. But there are two local bike shops selling it, and I was thinking about going to one of them and asking if they'd accept bitcoin. The issue is that I don't know what the bike shop would have to do in order to hook up with a payment processor, because I seriously doubt they'd take bitcoin outright. Does anyone have any experience with processors like Bitpay? Are there others? Is it a pain in the ass for a merchant to use one? Those are some of the questions I have, and I'm looking for answers from those who might know. I don't want to make my request at the bike shop and then have no idea what I should suggest they do. I was also thinking I could entice them by suggesting that I give them a little free advertising on bitcointalk by writing about my experience after the sale. Heh heh. Expensive choice man! In this price, I can get a quarter liter motorcycle from Honda in my country! I am sure something must be special about this bicycle since the price is so high! Anyway, coming back to your concern! At this stage, it is better to get a visa prepaid card from Bitpay and load that card with required amount of bitcoins. You can simply swipe a visa card at any POS that accepts Visa - the merchants doesn't need to accept bitcoin there. It serves two purposes - you get your bike using bitcoin and merchant gets their money without using bitcoin. Hope this helps and congratulation in advance! |
|
|
|
Always cite a source of the information. Otherwise it may be considered as a plagiarism attempt. News reference: https://btcmanager.com/hive-blockchain-expanding-ethereum-mining-20-percent/Expanding ETH mining at this situation literally makes no sense at this moment. When it's an open news that ETH is moving to POW algorithm probably by the end of this year, any investment in ETH mining ops may become a dead investment soon enough. Or do they have any insider information that ETH is not moving to POW at all?? Confused! |
|
|
|
Due to these incidents I believe that people will soon give up on banks, and move to bitcoins since it’s suddenly become legal to own it in India. Also I know that we often say both supplement each other but in my personal opinion Bitcoins is safer and better to use as you'll no longer need to worry about your bank closing down or putting surprise withdrawals in place.
If you live in India what do you’ll think will majority of people shift to bitcoins, and avoid keeping money with banks or will they keep trusting banks as usual?. After seeing the market today, do you still think bitcoin can be a viable replacement of banking system? I don't think so! Bitcoin is a speculative asset where people from all around the world perticipates and make money out of the bumpy rides of pricing fluctuation. Bitcoin has not yet matured enough where it can be seen as a viable solution to replace banking system. Every system is faulty and it needs to change itself in order to cope-up with the changing needs of the consumer. Banking system in India is going through such kind of time. But the trust is still intact because there is no other option available. |
|
|
|
What's your stance on this one? Are you planning to sell BTC given the situation? Or do you think it's better not to?
My stance is accumulation at this point! As an occasional trader, I have learnt to ride the wave but not to leave the sea. I agree that the crash is too much to handle for a single day, but I am sure traders have found the opportunity to accumulate more at this price level. For me, it's time to prepare for future profit and not panic selling. Unless someone has bought below 6k level, they are not going to make any money out of the current market. Rather, it's best to wait for the opportunity that we have in store for us. But only the bravest will be able to find it! |
|
|
|
What's going on? Does anyone know anything relating to these drops?
nothing we haven't seen before! it is simply manipulation, granted it is one of the biggest manipulation cases we have seen ever for the past 4-5 years but still it is nothing more than market manipulation. keep in mind that this has nothing to do with Corona Virus. anybody creating a link between the two is spreading FUD and they have never been able to explain why there is a link they just force the link on people's minds. True! We have seen such crashes before as well, not once but quite a few times! I don't know how people are relating it with COVID-19 but it seems like the current crash is linked with the scam coin sell off as mentioned by Coindesk in one their articles yesterday. Today I see another article in the same website that points out some possibilities behind the current crash. Read below, https://www.coindesk.com/bitcoin-hits-10-month-low-below-6k-alongside-new-stock-markets-plungeThere seems to be number of reasons behind this crash and we really don't know what's actually happening in background. |
|
|
|
My idea of gambling property is very low I din't get it. Do you mean that you don't have much idea about gambling or you think low about gamblers. Can you please clarify? and I did not dare to go to the marketplace with gambling to stay in danger. Want to get experience with gambling and how can I gain experience with gambling?
There are thousands of gambling websites available in the market. Just look for a website who are legally registered entity and offer "provably fair" gaming. That's all you need to start with gambling to get a good experience. Remember, gambling is not a "get rich quick" scheme. It's just an adult's way of relaxation! |
|
|
|
|
Show Posts
