I don't know when the Corona Virus crisis will end, but in my opinion it will likely last until the end of the year. Because until now the spread of the corona virus is still ongoing throughout the world, there hasn't even been a sign that it will end. This has a bad impact for the world economy, because many people are laid off from work. And we are required to make money from home, lucky for us who know cryptocurrency can make money from home.
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We all realize that it is impossible for John McAfee's prediction to come true, then there is also no way he will keep his promise if his prediction is wrong.I think when John McAfee made these predictions just to fool the public into being interested in investing in bitcoin. Indeed when he made prediction many people believe this prediction, especially the newbie. But now everyone is aware that John McAfee is a liar, and every one isn't believe whatever he says.
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It can be said that projects bounties are now dead, because in reality it is very difficult to find projects that pay properly. Indeed not all projects scams, but even if legit is paid is not very feasible. Very far from being paid when the bounty is in 2018. Therefore there are so many dead bounty group, some telegram groups are also inactive and dead. Hopefully this situation does not last long, I am very hope projects bounty can rise again.
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If we want to succeed in trading, always follow the basic rules in trading. One of them uses capital that we can afford to lose. Very true if you can't risk loosing better don't trade. Just hold all the capital you have, so the risk becomes very small. Even though we know that trading can produce 1000x, but the risk is huge. Trading only for people who are ready to face risks, such as professional traders who already understand the risks when trading.
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In my opinion the current bitcoin situation is quite good, it can be seen that prices are now rising to $ 7300. This is a good sign, meaningful investors have started investing in bitcoin again. If this situation can continue to improve, I'm sure the halving that will occur next month will be as predicted many people namely the price of bitcoin can again touch the price of all time high. But for me even though it didn't reach the ATH price it didn't become problem, because I am a bitcoin holder for long-term. I buy bitcoin when the price is $ 4000, and I will hold it for the next 3 years.
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I strongly agree that cryptocurrency has an important role in the current global crisis due to the corona virus. By way of investment in cryptocurrency we can make a profit, at least in a crisis like this one can get income is a good thing. Hopefully More and more people are investing in cryptocurrency, so there will be a massive adoption of crypto. And the best altcoins to buy right now are ETH, LTC, XRP, BNB and XTZ. The five coins if held for the next 5 years will provide a very large profit in my opinion.
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As long as the corona virus antidote has not been discovered, the economic crisis will continue. And what's scary is that we don't know when the situation is like its over. I hope that the corona virus transmission will soon end, because if it does not end soon it can make poverty even more increased. Because many people do not get income.
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Do not be too sure the stock market will immediately rise and grow quickly after the corona virus ends, in my opinion requires recovery relatively long time. Besides this corona virus is likely to not end in a few months, there is a possibility until the end of this year. Technically, it is now seen an opportunity to buy at low prices, because indeed all investments are in the bottom position.
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It is true that this year it is increasingly difficult to find legitimate projects, in my opinion even 95% of projects are scams. Even though the situation is like this, I remain optimistic that the future of the bounty will improve. We just need to be patient, wait for the price of bitcoin to improve and hope it will have an effect project bounties also improved. About 5 projects that I participated in have proven to be one of them are scams. So be careful in choosing projects.
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I strongly agree, it will not be the same as the state of the world and human life after the corona virus crisis is over. Because there will be a few change in my opinion, especially in the health sector. And also people will increasingly care about health and hygiene. In the world businesses and the economy will increasingly develop pharmaceutical companies. And economic cooperation between countries is likely to be some change policy.
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Right now bitcoin is the best solution for financial transactions, because transactions using bitcoin do not need physical contact. And also the spread of the corona virus can be through paper money, this has become evidence that bitcoin can be a solution. Because of all bitcoin transactions done digitally, so you can avoid the spread of the corona virus. All bitcoin haters and the government must be able to understand and have big hearts accept bitcoin as payment.
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To be honest I do not like this news, hopefully binance fails to buy the coinmarketcap site. Because if successful the coinmarketcap site was bought by binance, CZ will make the coin marketcap not neutral. Now that the cryptocurrency world is increasingly being centralized, this will be bad towards the future of cryptocurrency.
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I don't think it's true that corona virus has an effect on trading. Because I noticed several popular trading volume exchanges continues to grow and also the price of bitcoin rises slowly approaching halving. So do not be the same as the stock market that is affected corona virus. And crypto trading does not need physical contact, which makes many traders feel safe from the threat of viruses corona.
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Don't compare bitcoin with the stock market, because investing in both is much different. If now the Nikkei 225 stock index data is the same with bitcoin is just coincidence. Because I'm sure bitcoin will reach all time high, but it is not in the near future. I remain optimistic about the future of bitcoin, in fact I am sure the price of bitcoin will exceed all time high in a few more years.
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It is true to make successful crypto projects not enough to rely on bounty campaigns, because bounty campaigns only spread information projects in the cryptocurrency community only. To cover a wider area, we need a professional marketing team that is used to making a project becomes known to many people. Especially the target is new investors who are outside the cryptocurrency community.
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The government cannot only provide the poor with food, what the poor need most is actually income. Especially with the current crisis, which requires everyone to be at home. The government should understand that only bitcoin can become the solution to this problem. With the government legalizing bitcoin and providing online education about bitcoin to all its residents can overcome financial problems. Because with bitcoin people can make money from home.
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Sorry I don't agree that betting or gambling is the fastest way to multiply bitcoin, if we are not careful in gambling we can make our capital run out. When we lose in gambling, curiosity arises we are sure to win.If symptoms like that are called addiction, if already addicted I am very sure that it's impossible to multiply bitcoin. So the conclusion gambling is not a way to multiply bitcoin, in my opinion the fastest way to multiply bitcoin is trading.
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You are too confident that ETH will reach $ 5,000. In my opinion it is not possible, especially with the current conditions the whole world is still focused on stopping the spread of the corona virus. So ETH is likely to only reach $ 300- $ 500 this year, even to get back to the ATH price of $ 1,400 is impossible. I suggest you do research and re-analysis of prices ETH, because ETH will reach the price of $ 5,000 is very unreasonable and delusional in my opinion.
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A very good decision to buy bitcoin now, especially halving will happen soon. But with the amount of 2 BTC which you plan to buy with cash, it is very risky in my opinion. Because the number of 2 btc is very much in my opinion. It's best to buy from someone you know, if you really want to buy btc with cash. But I would rather buy bitcoin from exchanges is safer, let alone buy for 2 BTC, the amount is not small.
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In my opinion the price of bitcoin is affected by the spread of the corona virus because the spread is so fast, imagine in just a few months all countries in the world are affected. So naturally the price of bitcoin is also affected to go down, even though many people say no the relationship between corona viruses and bitcoin. Unlike the Ebola and MERS viruses the spread is not as fast as the corona virus, so it doesn't make it panicked citizens of the world. So the price of bitcoin is not affected at that time.
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