Remember the financial crisis in 2008 when banks stopped customers from withdrawing funds? Then drip feeding tiny amounts to customers via ATMs. This is going to happen again, this time it will be worse.
Take your financial freedom in your own hands, Buy crypto today
Yes it is possible that financial crisis happen again because of this pandemic crisis facing by the whole world today. But i think more people today are choosing fiat currency specially to those in poor or in middle class family to provide their basic needs while facing this pandemic crisis. They are thinking now how to survive not to become financially freedom someday. Indeed, this is the time where you don't think about choosing between investing/putting your money in crypto or using it all to but essential items in this crisis even the value is very low. Fiat is more important now than anything else for most of people, yes the rich ones can do that thing but not the most of us, life and safety are more valuable than any amount of money that you can possibly profit in the future. |
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My advice for every newbies who have no money to invest or try out trading is to start with airdrops, I spent an entire year on airdrops only and the result isn't bad, for someone who have no penny there is nothing lose here than time and energy
Yes, this is good advice for beginners when people have no money. But I think that people will spend only their time on unnecessary actions. It’s better to go about your business and make money in another way. not everyone spends their time being unimportant because I see many people who still don't have a purpose in life, meaning they still have difficulty finding money, some don't work and others because everyone has to work and must be able to make money to survive. Yes some still have hardtime picking what will be their life's meaning so in result they still don't have money to start off in trading but airdrop and bounties are such good ways to earn money so that you can start your own trading without spending your real money here in crypto. Airdrops now are not like way back before, most of then now are scams or they just give you low valie coins but take note that their still good ones as well as in the field of bounties, you need to spent atleast a year to have a good foundation for your trading, just remember that it wilk be a long path but its worth it. |
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Only people who know what the crypto ideology is will be able to stand and not people that are only in for the profit. Some people have been here since inception and this is how things has been. Nothing to fear about. Just hold your ground or sell off.
Things happening now to cryptocurrency is just a part of what we call "nature", indeed this is how things has been all through out the existence of crypto so why bother think that this will be the end of crypto, such kind of thinkings will just limit you here inside the crypto world. Crypto has been here for quite some time and the fact that many people trusted it, they will not let crypto end like this. I agree to be still and hold our own grounds and wait till this pass. |
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Indeed the reality is like that, an economic crisis occurred because some businesses suffered losses due to the effects of
the corona virus. I am who have a business in the food sector affected by the corona virus, were forced to close my business.
Because my country's government does lock down for two weeks. If the corona virus is not immediately stopped its will be
very dangerous for the world economy. It can even increase poverty, because many business owners go bankrupt.
We maybe owners of businesses or just simply consumers, we have no control of the situation so we should know how to abide with the rules of the government. It's not totally bad if our businesses were killed at the moment but atleast we still have chances to get back once this virus will be totally killed making the flow of the market gets normal again. Indeed, our safety and health is more valuable now than any business because our business is nothing if were not in good shape so in this kind of situation you should not double think about choosing your business. Yes there is a possibility for business owners to be bankrupt but the fact that they are running business they have spare money, what bothers me is those people who only get money from working and now that lockdown is implemented in lots of countries how will they cope up with this?, business is nothing without consumers so best way to beat this virus and this crisis is to be there for one another, business can back later on but now humanity is what needs to be seen in everyone of us. |
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My prediction is that no country will have to declare default as the result of the coronavirus, because all countries will manage to deal with this epidemic, even if some will have it way worse than the others. China says they are already past the peak of this epidemic, and while their economy took a hit they are nowhere near bankruptcy. I think even Italy will manage.
Perhaps it will be some small and poor African country or some other developing country, but those might be saved by IMF or other sources of international aid.
Indeed, no country will ever go bankrupt because of this virus spreading all through out the globe, why? Because we are not alone in this fight, i have already seen countries helping one another by donating equipments needed to fight the virus and by that no country will go zero. Yes, the effect will differs on each country as well as the damaged to their economics but it will be no neara country being bankrupt. |
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Para sa'kin oo ibebenta ko ang mga coins na hinohold ko dahil hindi lang naman para saking kapakanan ang gagawin ko kundi para na rin sa pamilya at mga mahal sa buhay at sa tingin ko dapat maging madaling desisyon ito dahil buhay o kalusugan mo at ng mga tao na nasa paligid mo ang nakasalalay, kung i hohold ko pa din ito baka kulang pa yon sa pang paospital ng kung sino man dahil sa desisyon mong ihold ito at hindi gamitin sa panahong ito.
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I am sure that the main reason for the fall of the cryptocurrency market is the corona virus, because the corona virus has now affected and affects everything completely and the cryptocurrency market is not protected from this, therefore the cryptocurrency market has fallen so quickly.
It's not a matter of the market that is not protected from the corona virus, but because of the corona virus people are afraid to store their assets in crypto and some investors also withdraw their assets from crypto, so that is what makes the cryptocurrency market collapse that we have seen at the time this. I do think that people and investors might have withdraw their money from cryptocurrency because they needed it more now in this kind of situation where we need some supplies in our houses but of course it might also because of the whales who are getting ready for the halving but i am more of the first reason. |
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The Corona pandemic is far from being over. Both cryptocurrency space and the stock market are affected the same way. The end of the pandemic will lead to the end of drop.
Indeed, as long as the corona virus is still considered as pandemic and still gives countries hard times then the drop will still continue and there are still countries fighting it so yes it is not gonna be over soon but i hope it does and when it happens the crypto market and stock market can now recover but of course it won't be a fast recovery but i am sure it will recover. |
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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.
How about the halving? Don't you think this is a good timing and opportunity for people to invest in bitcoin and altcoin? If they invest and the halving takes effect to bitcoin's price then i think it will be a good profit for people who invested in bitcoin but in my opinion trading will give you more money than investing, trading also profits faster than investment. Its about utilizing both strategy, you need to know when to use one or both. |
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I think it's yes it will affect the crypto industry because the virus known as (COVID'19) are spreading faster than we thought because from the day that the virus are starting to grow until now the affected people are increasing faster just like in China
This is really getting serious. Bitcoin price is dropping, I was surprised with seeing it getting to below $5,000. I hope the health system fights back as quick as possible. Ebola , SARS were fought seriously and within a short time , peace was returned. Yeah i am also surprised by the serious dump of bitcoin's price and the fact that the virus is still spreading and growing in numbers, bitcoin's price will still be in that area for at least a month i think but from what i've seen in the news, they have progress in finding a cure and understanding the virus completely so i hope they can complete the vaccine soon so that the crypto industry will be normal again and also other industry in each countries that are affected by the virus. |
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I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
My friends are selling because they want to buy more at a cheaper price and that’s their strategy. For me, I don’t need to sell on this level and instead I will buy again at the bottom so I can have more coins to hold. If you are panicking then its not good at all, sell only if you really need money or if its already your target price. I don't understand why your friends needs to sell in order to buy more coins at a cheaper price, for most of us i think this is not a perfect time for us to sell our coins for the market value is on dump. Yes it is possible that the price might go lower than what we have now but it is risky to sell just to buy more coin at a cheaper price but like what you have said its their way or strategy. I didn't touch my cryptos for now, i have bought more coins because the price is low and looking to hold more for more profit in the future. Panic selling should not be felt by us, we need to control it, emotions will rrally leads us to wrong path so keep in mind that holding is what needs to be done this time and not panic selling. |
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The problem is , Fiat is connected with bitcoins and vice versa , economy at the end of the day is all connected and therefore any problems in one will cause a great deal of loss for the other too .
I do think Corona Virus is harmful for the cryptocurrencies too .
Speaking from a personal point of view , am also gonna take out my money due to Quarantine and prices getting higher than normal .
Indeed, currency whether its cryptpcurrencies or the fiat currencies, its all connected to our economy and i yes it is like a building where if one foundation has been damaged it will bring damage to the whole building and that is what's happening right now, the virus is affecting the fiat currency and look what effect does it brings to crypto, were experiencing dumps right now but of course this is just a challenge for humanity, to test us and i do hope for the next copule of months that the crypto market will be back to normal as well as each countries economy. |
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ETHEREUM, EOS, BNB, BCH, NEO have all fallen, like 30% off right now, if you can take the risk they are the best choices and once market start recovering you will make lots of gains, if you can't then go for bitcoin
The reason for the fall in price of the mentioned altcoin and bitcoin was the COV 19 but i want you to understand altcoin every altcoin thats is centralized should be consider as a good investment not to mentioned best altcoin which to invest now. Some centralized coin was able to reach their peak before and they continue to grow especially XRP so I think its also good to invest on that. Its time to invest on altcoins because they will still grow in time, ETH is the top choice for me and of course I will never forget to invest on bitcoin aside from the altcoins. Same goes with me, ETH os one of my top picks for altcoons along with XRP, both altcoins have really dumped theur values for the past few days and this is a big opportunity for me and for every one to invest while it is still on dump. until the virus is not yet fully controlled i think the prices will continue on ita bear trend so it is a long time for us to make use of our money. |
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I don't understand why they want to give their identities for just a few dollars. Not to mention the distribution that sometimes has to wait a long time.
The only ones who want to give their Identity for a few dollars are newbie, I see a lot of newbie in the crypto world today They did not know that they could be scammed indeed many the beginners give their identities for only want to get a few dollars and in my opinion that's it is too careless or stupid. Well if we call them newbie will sirely understand why they we're able to that despite of the risk of being scammed or they'll use your info, newbies will be tempted to do anything for their main goal is to earn money so we can't really blame then, newbies will need to experience that i order to learn that sone airdrops are not worthy of your time. The recent airdrops i have joined seems ok but the money isn't that big but atleast its not a scam. |
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Good marketing with the right people to handle it will really boost a project to it's best HYPE.. A group of great minds with all great ideas that can really help the project to attract new investors will bring a project to some what success.. A big community that talks about the project can help too in terms of a good marketing.. Lastly, active dev team that really showed their potential in bringing up their platform to it's success is a plus plus point especially if they succeed in listing their coinsl with all the best exchanges out there..
Yes no matter how good your vision are if you don't have a good marketing strategy and good people that will handle it then you won't be reaching the success your aiming for. Marketing strategy that makes people advertise it to their friends without the team telling them to do is what a project needs, imagine having it advertise by lots of people at the same time, it will dramatically increase the chance of the popularity of the project which will result to success, investors will come and more people will join the community. Marketing and advetising should not be limited in funds, it is one of the most critical part of a project. |
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Because everyone is greedy and selfish that is why they want to make profits and they only want to make profits.
But the current decrease on the every market is due to corona outbreak so everyone is afraid of what will happen in the future and total world economy might get into recession so they are looking for safe heaven to store their value of assets.
You are right, without market fluctuation, it is impossible for coins to recover prices, of course, whatever factors we are seeing the market is affecting. People who are expecting continued growth will always lose their money by wrong predictions about the conditions. So we need to be very careful with the market. Indeed, people who always want to see price increase everyday will more likely to be a weak crypto enthuasist for they will never knew the right way to analyze the market because of their wrong optimistic perspective. But in the other side it is understandable for it is our nature, to always expect for the good things to happen but a matured person will be happy whether the price dumps or pumps for they will know whether to buy or sell cryptos. |
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I guess it doing that already? Think about it, thanks to crypto currency money could move from any nations to any nation and any person to any person without limitations. If I want to send you 30 cents from Uganda to china, how easy it is do you think? I am pretty sure I really can't do that. However using some currency that is small (not bitcoin) like waves or tron or whatever I can send you 30 cents in less than 30 seconds and that's it.
So, as you can see I have always called crypto the "internet of money" because it is bringing people together and it is making a global currency right now. It may not be used as much as we would like to but it is certainly used a bit and that is certainly getting more and more common as well eventually leading to crypto being the most preferred counotry to country money transaction method for sure.
Yes it really does help globalization more visible, in terms of trasferring money from any country to another country it really does exceed the capability of what fiat currency can do, it will connect businesses across the country more easily and more faster but of course everything has its weakness and the weakness of this is i think it has a low chance of transferring of the influence of cultural knowledge or what we called social globalization from one person to another coming from different countries but in a nutshell it really does help globalization but not all parts of it. |
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I know it is because of the misery surrounding satoshi that is making people to have doubt on the history of bitcoin. I don't think it is government that create bitcoin because if it is so, their through identity must have been revealed long time ago and probably the consensus surrounding the development would have make them to think of adjustment and probably makes the bitcoin more accepted.
Indeed, government can't hide their true identity for 10 years and even if they did hide it, it was revelead a long time ago and if its true then governments should have helped bitcoin reach its full potential by allowing it and giving some good projects for bitcoin to increase its usage and demand but no it should have happened in this times but some governments still doesn't give a single thing for bitcoin. |
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Whats the point??? There is no evidence paper money can transmit the virus. It is person to person contact. Burning cash is a hysterical thing to do!! Everyone making mountains out of molehills about this Coronavirus stuff. The common flu will kill more people!!! People freak out just because there is no vaccine, thats all.
Because they think that the virus will be in the paper bill for quite some time and a person who has the virus but still doesn't knew about it can cobtaminate the paper and pass it to other people but even if the virus really gets into the paper it will die quickly but to lessen the risk they have done that which i think is good enough but of course having it quarantined is better for they will not need to burn it but takes time to do, after all it is the South Korea's way of handling virus and i think it is good rather than have none. |
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As time passing by, nag iincrease na ang awareness about bitcoin. Sa katunayan kasama ang Pilipinas sa asian countries na pwedeng gumamit ng bitcoin dahil nilegalize to ng ating government. Padami na din ng padami ang mga businesses na handang tumanngap ng bitcoin dahil sa unique characteristics neto. Alam ko na sa susunod pang taon ay mas lalaganap pa ang awareness kung saan dadami na din ang mga bitcoin users.
Isa kasi ang Pinas sa open sa ganitong opportunity, hindi tulad ng ibang bansa na 'No' agad, at least tayo, hindi man to naging legal agad, pero inaral naman ng ating gobyerno, nagbabala din pero doesn't mean na hindi na sila agad pabor, inaral kung makakatulong ba to sa ating lahat and sa pag unlad, then nakita naman nila ang potential nito. Yes open tayo sa ganitong opportunity pero tingin ko hindi pa ito napagaaralan ng ating gobyerno kasi naman 2020 na kaya pero hanggang ngayon kakaunti pa rin sa atin ang nakakaalam ng cryptocurrency aminin man natin sa hindi most especially dito sa bansa natin. Kasi kung napagaaralan na talaga to ng gobyerno dito sa pinas edi sana kahit papaano naiendorse na rin nila ito sa mga iba pa nating mga kababayan. Hindi rin natin pwedeng sisihin ang gobyerno kung bakit hindi pa rin umuusad ang pagpapalaganap ng crypto dito sa Pilipinas. Marami pang sangay ng gobyerno ang mas dapat bigyan ng pansin at siguro hindi pa sapat ang funds para sa panibagong sektor. IMO, napapagaralan naman nila yan at informed sila sa kakayahan at pagbabago ng crypto sa ating bansa. Kaya kahit sabihin nating 2020 na, hindi rin naman basta basta magdedesisyon ang gobyerno kung ang mga kalapit na bansa ay hindi rin umaakyson dito. Unang una sa malaking benefits nito ay ang investments from SEA countries. Tama at hindi din lang naman ang gobyerno and dahilan kung bakit hindi laganap ang mga gumagamit ng bitcoin dito sa bansa dahil din sa mga taong takot o walang kakayanan na sumubok dahil sa limitasyon tulad ng technology, oo maaaring alam nila ang tungkol sa bitcoin pero dahil wala silang sariling device para maaccess ang kanilang wallets naisasantabi ang interest about bitcoin. Sa pagaadvertise naman ng gobyerno, tama ang sinabi mo na mas maraming bagay ang dapat unahin at pagtuunan ng pansin sa bansa bago ang pagaadvertise ng bitcoin dahil kung iaadvertise nila ito at marami pang problemang kinahaharap maaaring maapektuhan ang appearance ng bitcoin sa mata ng mga pilipino kaya siguro hanggang ngayon wala pang masyadong gawain tungkol dito. |
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