Some of Bitcoin’s critics never miss a chance to announce the upcoming end of Bitcoin.
It worsens if the recent HODLERS, saw the critics proof that Bitcoin is going to fail.
On social networks, a FUD sentiment has spread, pushing an outsized number of individuals to sell their Bitcoins in the least costs during a totally illogical way.
Without being aware of the current worldwide economic environment.
I mean the situation with the spread of the COVID-19, many people have lost their jobs and tons of cash. once more, unfortunately.
If they understand this, they will join the ranks of HODLERS who totally believe Bitcoin.
Then understand that Bitcoin is sort of a phoenix that always rises from its ashes, and always comes back stronger.
Those critics can say whatever they wanted to say and there will be no impact in Bitcoin any words that they throw. If those recent holders of Bitcoin do not have knowledge about Bitcoin and what they are doing they will surely lose money. The targets of those FUD spreaders are the people with less knowledge and these peoples are the new ones in this industry. One more thing Bitcoin isn't like a phoenix or something that resembles a phoenix because Bitcoin never died even once. Better check out the history of Bitcoin and look if the price or value drops to zero. |
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According to the recent price chart, Bitcoin's move has been very similar to Gold's move.
Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.
And there were other cases that Bitcoin's move follows after Gold's move.
But is this still enough to say that Bitcoin moves like Gold?
I guess you're out of your mind and know nothing at any kind of market movements. Any kind of asset or any kind of stock can have the same momentum of movement anytime and their gains and loss can be the same. There is a thing called that it happens by chance. I know that you know that answer to your question and Bitcoin isn't moving like gold and if ever Bitcoin moves like gold expect that price to be stagnant for a long period of time. Sometimes you just need to use common sense to understand things. |
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The said crypto activities must be highly limited to Pyongyang and probably a major city or two more. All this must also be strictly sanctioned by the government, or perhaps even directly involving the government itself.
Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.
I know that in North Korea the internet usage is prohibited from normal people and the only people that can use the internet are high-level officials of the hermit kingdom. There are also some small amount of computers with internet in their universities but it is monitored in a very strict manner. These are the global internet access where the majority of the people are prohibited to use it. But on the other hand North Korea has its own internet called Kwangmyong and it can only be used on their country and it is not connected to the world so the use of Bitcoin is currently impossible right now. |
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Corruption seems to be an evil that never ends. But for the eternal dreamers, we want to make good use of BTCitcoin. We started by supplying our daily needs, just as your dream is a place to sell fresh pasta and buy groceries in your favorite supermarket and pay for these groceries through the Lightning network.
I have wished the same dream every time I go to the supermarket and when I spend a long time in a queue of people to pay because the banking network is collapsed for various reasons.
It may be sound really good but using Bitcoin as a means of payment to buy some groceries or food isn't a good idea after all and most of the hodlers and traders will think the same because of one reason (Bitcoin can be really huge in the future). |
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you are missing the fact that bitcoin is not an asset, it is a currency. and majority of those who have chosen to convert their fiat to bitcoin have done it to either escape the tyranny of centralized powers or because they know this decentralized currency is independent of any other markets.
there is of course panic due to the other markets going up in smokes these days but as we have seen from the past several weeks the effects of that panic caused 2 days of falling and then the price even recovered most of it within a week. now the only effect that panic has is the uncertainty that people have about the time the rise begins that is why it has not yet begun even though there is a serious accumulation going on.
That's correct. Bitcoin is a currency but most people use it as an asset. 3. In a difficult economy, investors need to withdraw assets and sell cash to maintain businesses such as payroll, purchase and sale of goods instead of investing in cryptocurrencies.
4. The disease has not yet been controlled, the economy has not shown signs of recovery, so investors are afraid of not participating in the Cryptocurrency market.
These 2 plays a big part in the price drop. If you followed other markets out there. you would notice that they had the same pattern. Maybe they have the same pattern but it's only for a very short period of time and if you'll notice Bitcoin is already recovering unlike those traditional markets outside the crypto world. |
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April 20 to 22, 2020 reportDay: April 20, 2020~~ Twitter Campaign ~~Twitter Profile: https://twitter.com/shizushizuka1Followers Count: 16,000+ Retweet Link #1: https://twitter.com/shizushizuka1/status/1252667549159849985?s=20Custom Tweet #1: https://twitter.com/shizushizuka1/status/1252667731112980484?s=20IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf ______________________________________ Day: April 20, 2020~~ Facebook Campaign ~~Facebook Profile: https://www.facebook.com/shizuka0708Readers Count: 5300 Share Link #1: https://www.facebook.com/shizuka0708/posts/695245771212796Custom Post #1: https://www.facebook.com/shizuka0708/posts/695246081212765IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf ____________________________________________________________________________ April 21, 2020 reportDay: April 21, 2020~~ Twitter Campaign ~~Twitter Profile: https://twitter.com/shizushizuka1Followers Count: 16,000+ Retweet Link #1: https://twitter.com/shizushizuka1/status/1252938757122080768?s=20Custom Tweet #1: https://twitter.com/shizushizuka1/status/1252940702306070530?s=20IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf ______________________________________ Day: April 21, 2020~~ Facebook Campaign ~~Facebook Profile: https://www.facebook.com/shizuka0708Readers Count: 5300 Share Link #1: https://www.facebook.com/shizuka0708/posts/695703854500321Custom Post #1: https://www.facebook.com/shizuka0708/posts/695708054499901IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf ____________________________________________________________________________ April 22, 2020 reportDay: April 22, 2020~~ Twitter Campaign ~~Twitter Profile: https://twitter.com/shizushizuka1Followers Count: 16,000+ Retweet Link #1: https://twitter.com/shizushizuka1/status/1253118919318966277?s=20Custom Tweet #1: https://twitter.com/shizushizuka1/status/1253119194498953216?s=20IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf ______________________________________ Day: April 22, 2020~~ Facebook Campaign ~~Facebook Profile: https://www.facebook.com/shizuka0708Readers Count: 5300 Share Link #1: https://www.facebook.com/shizuka0708/posts/696063547797685Custom Post #1: https://www.facebook.com/shizuka0708/posts/696063861130987IQ Wallet address: QZwpXk81gV4nMf6eQr8u7KJzrg7u5L8SUf
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Bitcoin is among the best assets to trade because of its volatility and real traders know about that because they always take advantage of any opportunity that Bitcoin is offering to everyone whether it a bull market condition or its a bear market condition. These kinds of opportunities might be unseen from other people but it is clearly visible to those who have knowledge about it. If you guys know what I mean.
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I was shocked for reading a market breaking new as strange as this.
I paused and reflected again and again by applying this condition to other market assets.
I read from Blomberg that the price of crude oil has declined into a negative of $-37.63/barrel.
What will happen to countries that depend solely on crude oil revenue?
What will happen to the investors in crude oil?
A very serious reflection is that fact that, is it possible for bitcoin value to also drop into the negative?
What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?
Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?
What do you have to say about this?
1. How does exactly do a government ban Bitcoin? The answer is they have no power to ban this technology even if they try it so hard they will never ever prevent people from using it. Even those giant countries like China can't ban Bitcoin. 2. Even there are a lot of miners that will back off there will be tons of miners that will enter the business because of the great opportunity that they'll see from it. For example when 10 miners are backing of there will be 20 or more miners that will surely enter the business. |
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That is a good start for the adoption of your country, it only shows that it is not trying to restrict the use of it. In our country, we also have bitcoin ATM and was launched last 2019. It only shows that there are more countries that are willing to accept bitcoin and hopefully it continues more.
As the day continues and progress I've been seeing a lot of ATM machines related posts in the forum making me think how far we have reach through innovation that we have been dealing with sine 2009 that boomed at 2017. And at that year is the real game changer for cryptocurrency is, Imagine if we did not reach ATH at $20K price, we could've not had any companies that recognized bitcoin or any crypto at all. During this pandemic, even the bitcoin price is lower than we have expected about months ago, the adoption increases in so many ways and it makes me glad. We are living in the future and for the future and not living in the stone age. Sooner or later Bitcoin will be used by most people even if there are no large companies that will use it now and those large companies will be forced to use this technology because most people are using it at that time. For me, there is no connection about hitting the ATH or not hitting it because Crypto Currency is meant to be used by people in this technologically growing world. |
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Places like Egypt, Morocco or Algeria have set bitcoin use, illegal. What exactly stops people that live there to do bitcoin transactions since no one controls the network? And yes, without "cutting" their internet connection.
Prison time or even worst stuff, I don't know how fuck up the law is in those countries. I mean you can keep it underground but again it is a risk. Why exactly is it risky? How will they watch you doin' it? They won't watch you doing it, but they can work on network analysis and once relating a btc address to a real person they can apply the law. This looks dumb and barely to happen unless you are suspected or accused for something else. In my country, Tunisia, the use of crypto is not officially forbidden by law but we, as tunisian crypto users, know how the authorities can apply other laws related to monetary system of the country to accuse any suspected use of crypto. That's unfortunate for you guys but I hope that those countries and their respective governments will realize the importance of Crypto Currency especially in a world the keeps on evolving and run by technology. In my country, the use of Crypto Currencies such a Bitcoin, Ethereum, and other altcoins are not forbidden but our government warns us to be vigilant in using it so we don't fall prey for any scam activities of scammers. |
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