Great initiative by Binance as they never dail to impress us with their gestures towards the noble cause and I really wish other decentralized exchanges and reputed projects as well as stake holders start extending helping hand towards COVID19 cause as this will help people in need and combat the virus also it will help people to realise that crytpo world is real and it cares for betterment of people. |
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Even I thought this virus will not have any affect on crypto market but eventually it did through the panic it spread across the world as most of us including myself had to withdraw our asset in order to stock up due to lock downs and curfews throughout the world for our safety but gradually things will change once he virus starts subsiding and once again I would like to remind you virus did not had a direct impact but it's the panic which has caused the chaos.
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I really stopped checking myeth wallet where I might have some worthless altcoins earned during the initial days of bounties which were great back then but my greed for more has stopped me from trading it and now they have behave worthless and at the moment I hold ETH, XLM and nothing much apart from bticoin and TRON as primary investment and I am holding ETH as long term investment.
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Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:
Covid-19 virus recently caused the crash of btc over a week ago?
Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?
Will Btc halving this May coming will get us out of this virus bear market?
Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?
First tof all its not only crypto world it's the entire market which has been crashes as you can see daily drip im hold rates as well and right now survival is the key concern as people are least bothered about future as they just wants to survive the present as future looks uncertain due to corona virus. We should stop worrying about the crypto market for a while until things settled down and even if the halving takes place now it will be a flop due to present circumstances. |
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On the unexpected outbreak we recently experience it has a huge impact to the world stock market and especially to the bitcoin the market price of the bitcoin from the highest peak of 8k dollars in just a week it drops for over 3.9k dollars and that was so huge for the changes, but now some of the analysis this it just depends on the people if they keep supporting the use of bitcoin to make it back to normal also when the halving is coming most of the time the price of the coin goes down to it's the lowest point and recovering for a while and made a lot of profit come back still the problem is today it is continuously declined the use and increase of the price and the bearish market will still last long if we do not make any changes too. Source : https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1Yes. After the last panic sell, Bitcoin tried to recover very quickly. Where Traditional Market is going down daily, Bitcoin is going uptrend. But Bitcoin is still below $7000. Bitcoin needs to cross this $7000 mark, so there is a possibility of a better upside. I got your point but the current situation might be favorable for Bitcoin to surpass $7000 as it has started uptrend but it might go back under $5000 again due to lesser transactions as this novel corona has temporarily paused earth. We should be thankful for the force behind the recent uptrend and I don't think we can expect much under these circumstances. |
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I am learning not to hold tokens, my wallet is full of shit, I used to think and ask myself, which project have survived the last 2years? Still dev blame hunters for dumping there tokens, while most if us become holders and still the project dies without hunters dumping. Anyway, hunters are beginning to stop holding till they are sure the project will survive at long run.
Bounty hunters have lost their self respect due to some scammers pretending to be hunters and ditch the token, enrol with alt accounts, fakes their profile by adding thier ETH address for a random users, these are the reason why Bounty hunters are used to cover their failure by development team. I would suggest hunters not to behave like slaves and act responsibly, if a project is good then the dumping of tokens will not be a big deal for them as it will survive. |
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Yes there is a huge possibilities of Ripple reaching $1 or more than that but the question would be how will it stay at $1 or more since it's a centralized coin and things may turn upside down within moments if they decide to dump the tokens by increasing the supply as its not fixed.
I don't think Ripple is a reliable token to dealwith.
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His predictions might be realistic or just another baseless predictions but I have made up my mind that I will never go by any predictions as it has failed us on numerous instances and moreover we cannot blame the experts or analysts as well because they do their best to predict but crypto market does not follow any pattern and it doesn't take long time for things to change here.
Let's just follow the market trend and our own analysis with a bit of luck.
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This is a really tricky situation wherein some people are scared to death about the COVID19 while others are already planning about the way to financial recovery once the virus disappears and we can easily loop in the second group of users by just taking them through the benefits of Bitcoins and risks involved as well but getting them into Bitcoin without any investment is not easily if they don't have any service to offer.
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Title say everything, BTC can drop to 4K $ even, whales are in Action.
This does not come as surprise as this was already expected to happen before the halving but I believe it's the corona and it's panic which has a fair share for the market collapse if you have a look around you will find every market and economy is being doomed due to corona. We need to control our emotions and act sensibly rather than taking hasty decision now. |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
Initially we thought corona virus has nothing to do with crypto market but eventually it started showing its affect and I am sure we would have seen some further pump if corona virus wouldn't have happened, but yes the dump was expected before halving and it naturally occured due to corona thus saving whale's efforts to bring down the market. |
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Hey
I have noticed a few projects that developed a deflation system for their coins/tokens called burning.
They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.
What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?
Let me know what you think.
Token buring is a thing of past which does not work anymore as its usually done to reduce the supply of the useless tokens assuming it will increase the price but when there is no demand at all for a token regardless of token burn it fails to capitalise. Recently stellar XLM did the same thing and they hardly got any benefit of out it. |
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HODL. I'm down too and I know it will rebound. Not my first dip...
This full collapse of the stock market has only brought bitcoin down to $5k...
Think about how much bitcoin has withstood. This is yet another test that proves how good bitcoin is.
True, Bitcoin will bounce back and as you have mentioned dit just shows how strong Bitcoin stands against a crisis which has brought world's economy to a standstill. It will hardly be matter of couple of months and Bitcoin will be back in track as usual. I tried my best not to covert it into stable coin but I have to do it with due to my needs. |
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Whoever is spreading rumours that it's the end of crypto are the same FUDS who buys Bitcoin like crazy in FOMO when the value pumps and they are the panic sellers as well. It's better to avoid these baseless suggestions as crypto will not end and we have seen numerous fluctuations and this is one of those due to Corona. If we cannot contribute positively atleast we need to stop displaying it in negative lights. We should start reporting such topics to avoid further panic.
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This is really a disappointing moment for the … we did not ready for that. If this situation only for the corona virus. Then we mind it that this starts only. There are more things left to happen. We can see more and more dumps in the future.
Before dumping to 3000$ BTC needs to cross 4200$ and 3800$ support level. And BTC is holding now 4800$ support level. So if BTC can hold this support level and can cross the 5200$ Resistance then we can see 6000$. But in this situation, it is very hard.
It's really hard to hold on during these situations especially for low and mid level users, I don't usually panic sell but when the value has dropped by almost half of what it was before few weeks then it's a sign to worry and it does concern me as well. But looking at current trend I am sure we might see further dumps and looking at global economical slowdown due to corona it might go either way. We need to convert our assests into stable coins for time being until we see some momentum in the market. |
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.
How long will it last? What's the antidote for Corona?
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This is a great addition to towards supporting crypto and I really wish they expand similar facilities to other countries as well where crypto does not have much support nor much restrictions as this will greatly help to pool in more users to crypto space because most of the users wants to be a part of crypto world they cannot directly buy crypto using their fiat and have to user modes like localbitcoin.com and all.
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The market decline has ended and ETH with the rest of the market has started to rise up again, so it is unlikely that now the ETH price can fall to $80.
I think there are still possibilities of further downfall as we have witnessed a similar trend in the past wherein the value of ETH hit the rockbottom, but we need to consider this stage as an investment opportunity as we are aware that everything is temporary and it keeps fluctuating hence we can invest into ETH at the moment as it will be a highly profitable investment. I personally feel that ETH will cross the $1k mark again. |
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Exactly, even for genuine bounty hunters it's bit difficult to choose the bounties due to huge number of scammers hence I prefer not to join any bounty until I saw Geoma bounty by Julerz as these restrictions will keep scammers at bay and even after so many hurdles one scammer still filled google form with my username and his ERC address and I am thankful to Julerzs for kicking him out.
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I would request you to go through last 12 months of market trend and then chose wisely based on your research as noone over here will be able to help you with investment advice as some might randomly blaber something while other paid stooges will try to make sale out of you by promoting their projects.
Only your own research can help you because users here cannot even decide whether to hodl Bitcoin during dump or panic sell so they cannot help you with investment advice.
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