This is very much expected, China is big on technology innovation and always try to be the leader. The country is always promoting technology as they have done with 5G and AI
China was a leader at stealing US innovations and technology(they still are).Now,they are trying to be a leader in the field of technology innovations.They have the human resources-lots of hard working,willing to learn,goal driven and disciplined people,so they will succeed,I guess.  I assume that the Chinese want to prepare more programmers and blockchain developers for their central bank coin project.They aren't interested in Bitcoin and altcoins,which doesn't make me an optimist for this news. |
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If the reason to legalize bitcoin to acquire some taxes from the investors then it's not totally good news at all. but honestly, it's good to hear than some other country banning the use or mining it. for some reason, these big countries are opening the door for bitcoin and the other cryptocurrency out there. I wonder what would be its effect on the holders of those countries, are they gonna pay some taxes now? or remain anonymous so that their government won't get any penny from them.
If you have income,you have to pay taxes.It doesn't matter if your income is in cryptocurrencies or fiat.That's a big part going business or trading.I prefer Bitcoin to be legalized and have taxes rather than being completely banned in the western world.It looks that more countries will become somewhat crypto-friendly,but with all the negative parts- KYC,taxes,etc. which is unavoidable,if we want mass cryptocurrency adoption we have to handle the "not so pleasant" regulations.I hope that all the good news will help for a massive price growth,when the markets return on the bullish trend. |
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The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...
It's really stupid to think that Bitcoin and cryptocurrencies in general will be some kind of safe heaven and everybody is going to buy BTC in order to keep his savings.More people will sell their coins in order to buy some important goods-food and remedies,so they could survive staying at home during the quarantine.
Let's hope that the coronavirus will be gone by the end of April and everything in the global economy starts working normally (and prices recovering) by the beginning of the summer.
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In my country sending money from one bank account to another isn't that easy.You will have to phone verify the transaction by submitting a 6-digit code that you receive via SMS and you are required to double check the bank details(IBAN and BIC/swift code) of the receiving account.I don't know about the bank transaction process in England,but sending money to the wrong bank account in my country isn't a common thing at all.
Anyway,if this is NOT an article about Bitcoin,then why it's in the Bitcoin Discussion forum?You should move it to "Economy" or "Press" sub-forums.
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If you really did this, I would actually consider you as an unlucky person. This shows that you don't believe in bitcoin and just bought it to gain profits.
If you would have truly believed in bitcoin then you would have never sold it in such a low price.
If you had an emergency then that's a different thing but if you just did it for speculative purpose then you have just encountered a huge loss.
You still have the time with what you have left. You can either hold your altcoins or convert them into BTC and wait for BTC to rise up again.
We all know that BTC will "surely" rise in price but it will just take some time.
Buying Bitcoin just to gain profits? Isn't that the main reason people buy bitcoin?I mean,what are the other reasons to buy Bitcoin and HODL? Do you think that,OP and people in general,should "believe" in Bitcoin,like it's some sort of religion or sect? Of course they want to make some profits. I guess that OP bought Bitcoin at the wrong time,following the 2017 price bubble.Many people suffered severe financial damage back then,just because they have followed a market trend. However,I can't consider this decision to be "unlucky". This has nothing to do with luck,or lack of luck. It's just a wrong decision. |
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Congrats on educating more people about Bitcoin Core.You should tell them more about the Bitcoin forks and all the altcoins that have the name "Bitcoin" but aren't actual bitcoins,like BCH and BSV.Some newbies,who aren't aware about this,might end up in the "Bitcoin Cash" trap and turn into enemies of Bitcoin Core. You say that you helped some people to create accounts in this forum.That's nice.Maybe they should visit this thread and introduce themselves. |
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If this measure really helps for stopping the coronavirus spearing,then other countries like China and Italy should do it as well.
Burning paper money isn't a big loss for the fiat money supply.Printing and production of new paper money is really cheap.People should be told to touch paper money with gloves and everything will be fine.
I wonder why there are still people in this forum,who are so over-hyped that the coronavirus will destroy the fiat economy and make cryptocurrency prices go to the moon.This simply isn't happening right now.
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https://twitter.com/brian_armstrong/status/1235314764219322371Thread here - https://twitter.com/brian_armstrong/status/1235309368918388736Now we know how much Brian Armstrong dislikes Bitcoin. Despite it being the very foundation of everything he's built he still can't bring himself to say many or any complimentary things about it. Do you reckon he has the slightest point or is it the hopeless ramblings of someone who wants you buy as many shitcoins off him as possible and wees himself in the face of the one project immune to his power? As far as I can tell every single other potential contender is a broken joke in some way and every day that doesn't introduce something 'better' makes it less likely. There are still a lot of things to address but nothing else appears to understand that you can't do that unless the underlying foundations respect the principles on which it's built. 5B users?I really doubt that any blockchain EVER will handle 5 billion users.I also doubt that any cryptocurrency will ever become popular enough to be used by 5 billion users.Sounds like the typical "bitcoin can't scale" whining coming from an altcoin supporter. I myself view Coinbase as a player of the financial "status quo".They might be the biggest cryptocurrency wallet with most users,but they just aren't a crypto company to me. Armstrong seems like a BCH/BSV supporter.Even Roger Ver is commenting under one of his tweets. |
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This type of scam is the most stupid one of all.
Deposit more funds so you can withdraw?!?WTF?No broker or invesment fund works like that.
Those 2 guys that were scammed didn't do any simple research about the service-online reviews,scam reposts,etc.They would have been scammed,even if they were using a non-crypto related HYIP "investment" scam.Nobody with a brain will signup to some unknown "broker" and deposit 1K USD just like that.
It's not about knowledge.It's about common sense and being cautious.
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Some people keep try get income using crypto trading method but always fail. They wasting everything ( money, energy, time, etc ) into something that might be just dream ( profit ). There's time when I give advice to try another way but they always refuse. For them there's no other choice, leave crypto trading forever in lost condition is not an option must take the fund back. The question is why convince people to leave crypto trading for their own good is really hard?. I'm not laughing when people get lost in trading but there's limit shouldn't pass, so please don't misunderstanding.
If a guy doesn't want to leave crypto trading just because of loss(plus the faith of gaining back all the lost money),then he has a gambling addiction.Such people need professional help from a psychic doctor. Just trying to convince them with logic and the voice of reason won't work.Gambling addiction has something to do with the dopamine balance in the brain.I'm no expert in this field,but there's lots of free info over the internet-Youtube videos,e-books,etc.However,keep in mind that such info can't replace professional medical help. |
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If I had to choose between someone's technical analysis and sentiment,I would choose sentiment(even if it's partially wrong). In my opinion,technical analysis is exactly what you describe-reading charts and drawing lines without any real meaning,most of the time. It's an important part of every crypto trader's arsenal,but it shouldn't be combined with fundamental analysis+trading signals.Just relying on technical analysis simply doesn't work.
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I ask this because of the corona virus where people are too scared to hold money.
The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.
What makes you think that people are "scared to hold money"?I've never heard about such fear. If the coronavirus is really spreading by people touching paper money,then the people have a reason to be scared. However,there's no evidence about that. Fiat currencies won't disappear soon and coronavirus won't be the reason they disappear. If people are too afraid of using paper money,they could use debit/credit cards,paypal,skrill and all the other fiat payment processors.What makes you think that they would immediately switch from paper money to cryptocurrencies? |
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Have you ever been concerned about Bitcoin's longevity in the mainstream world as a decentralized cryptocurrency? While BTC has been going strong since 2009, there exist the possibility that it could vanish from existence sometime in the future. After all, we know that nothing lasts forever. My guess is that once governments start circulating their own digital currencies, they will try to crackdown on Bitcoin and other cryptocurrencies as we know them. It's no secret that the entire crypto space is largely dependent on centralized infrastructure (centralized exchanges, centralized wallet services, etc). People will not want to use something that's considered "illegal" by worldwide governments. While it'll still be possible to continue using Bitcoin regardless of government bans, regulations, etc, not many people will support it (only libertarians, geeks, anarchists, etc.). By that time, it'll be nearly impossible to get access to Bitcoin with Fiat currency or even exchange Bitcoin to Fiat (as the government crackdown will make all centralized exchanges to cease their operations). Considering that governments want to stay in power, they'll do anything to force people to use their Central Bank Digital Currencies (CBDCs) instead of any other alternative payment system. If that happens, Bitcoin will be doomed. Do you think that we're close for Bitcoin's End Game to happen? Will it ever happen? What are your thoughts?  If the governments around the world really want to ban and destroy Bitcoin,then what the hell are they waiting for?I don't think that's the case.Some countries have projects about central bank cryptocurrencies but there's no result and everything is in the very beginning.In most countries,bitcoin is considered a "digital asset".It's not legal tender and an actual currency,but you can trade it. This topic has been discussed 100 times before.Nobody knows what will happen and nobody can predict the future.I think that bitcoin will survive a global ban,but the BTC price will fall below 1K USD and BTC will be used only in the darknet marketplaces. |
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They are giving away Bitcoin to all who attend and educate about Bitcoin... There is always a catch. Here it is: The general admission tickets cost $299, Bitcoin giveaway is $100 but... tickets are free if you sign up through eToro - which is the title sponsor of the event. SourceYou know the saying "If something is for free,then you are the product." This is just marketing gimmick.eToro has an affiliate program and pays commission for every referred new member.The article title is very misleading "This billionaire will give you money to learn about bitcoin" WTF?Do you really believe this?A billionaire giving away money for education? I would appreciate the effort of somebody trying to provide education about bitcoin for free,but without any marketing tricks. |
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I believe that you are going to get your shit together and pay your debts,OP.Get a job,negotiate longer payouts for your debts and just work.Everything will be fine and you will get help from the people in your social circle and your relatives(not financial,but emotional support).
Crypto trading is pretty much like gambling and if you lack control over your addiction it will bring you down.
I guess you were every overconfident in the beginning.Trading with money that you don't actually own(loans,money from friends and family) is the worst thing ever.
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If you've not heard about the Steemit takeover you can check it. I just started wondering at the capacity of Bitcoin whales and ability of mega pool mergers centralizing the Bitcoin network. What if a government thinks about it? Isn't it possible? The Tron - Steemit debacle is a case study. https://www.cryptoinfowatch.com/the-lessons-of-trons-steemit-takeover/ I don't know anything about a "Steemit takeover" and I don't care about altcoin blockchains like Tron,so I won't read your article. Technically it's possible for the crypto whales to create some sort of secret cartel and dictate the crypto prices,but it would be very difficult to keep that cartel.Such cartels manage that manipulate and control prices are illegal,according to any anti-trust legislation in any normal country. Centralizing BTC mining by merging all the miners is theoretically possible but it's really expensive and difficult to be achieved. |
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The fear of coronavirus is bigger than coronavirus itself. How many Americans are confirmed with coronavirus?AFAIK,there are 230 confirmed cases.Is this a lot?No. How can lower interest rates help for fighting COVID-19 or lowering the panic across the financial markets? How can Fed help with this?I have no idea.... This makes me wonder about all the conspiracy theories that COVID-19 is created by someone in order to spread some panic and manipulate the world economy and financial markets.This hypothesis will never be proved with any evidence. |
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The short answer to this is yes, but we all know that the short answer never does Bitcoin any justice. So what is the long answer you may ask? Well, there is no one long answer, but there are a couple of indicators and factors that may hold the answer. One of the factors that play a role in volatility is the activity of Crypto Whales and here is how: https://www.tap.global/on-chain-activities-suggests-bitcoin-volatility-will-continue Do you think Crypto Whales play a significant role in Bitcoin price volatility? Bitcoin price volatility will continue forever,because the global Bitcoin supply is limited to 21M(and because lot's of BTC users are just HODLers,which reduces the global Bitcoin supply even further). With or without crypto whales,the Bitcoin price volatility will never stop.It might get lowered to a sertain degree via mass adoption,but as a matter of fact,price volatility is what actually stops further mass adoption of Bitcoin.I know that crypto whales play some role in the price volatility,but their influence will decrease slowly,as more and more people will enter the world of Bitcoin. |
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First Japan. Then India. Now South Korea.
Slowly and silently Asian countries are discovering the fact that the only way they can compete with USD/EUR is by legalizing Crypto aka BTC. They wont ever be able to take their individual national currencies to the level of acceptance USD/EUR has. Hence, they are banking on decentralized medium of exchange.
Question is When China?
Nope,they can't compete with USD/EUR and they aren't even trying.Asian countries just "discovered the fact" that it's better to legalize crypto trading and get some tax revenue out of it,rather than keeping it illegal and getting 0 tax revenue from that expanding industry.It's all about the interests of their government,they still don't care about Bitcoin and mass Bitcoin adoption.Nevertheless,this is good news. China will accept Bitcoin,only if their own "governmentcoin" crypto project fails.Let's see what will happen. |
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1.It's not the "uncertainty surrounding coronavirus" that forced central bankers to launch quantitative easing.It's the the fear of further stock market crash and a big recession in China (which is influenced by the coronavirus). 2.It's questionable that easing measures and money printing always have positive impact over the bitcoin price.Maybe the price will be pumped,but there's a time lag after such monetary injections,where the impact of the easing is delayed.I'm no expert,so whatever. 3.It doesn't matter that April has been "historically" better than other months for Bitcoin.Past price patterns and trends doesn't matter for the future price movements. |
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