Latest posts of: denzkilim

Quote from: fiulpro on March 12, 2020, 05:20:09 PM

Due to Quarantine , people are supposedly buying a lot of groceries and food products , people due to excessive buying are causing a shortage of toilet papers in many parts of the world .

People are taking out all their investments so that they can cope up with this panic buying therefore I do think Corona Virus is causing the Bitcoin price to decrease and not just bitcoins it's many stocks .

There is a possibility that people are doing that but I don't think that the virus that is spreading is the only reason why the market fell more than 40% due to the panic buying of daily necessities of life. I do hope that the market will recover as soon as possible from its recent crash.

Quote from: FightThePower on February 27, 2020, 05:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

Failed experiment because you bought Bitcoin and it does make you rich in a short period of time?? Huh

Are you really a believer of Bitcoin or you're just spreading some FUD in here, because based on what you are saying you probably don't have enough knowledge about Crypto Currencies. Shocked

Quote from: 20kevin20 on March 10, 2020, 10:12:33 PM

Quote from: hosseinimr93 on March 10, 2020, 09:48:52 PM

So you believe that the recent fall in bitcoin price was due to a global economic crisis?
I don't think so. It was not the first time bitcoin price decreased that much just in a day. That has happened several times. It was just a coincidence that it happened during the stock market fall.

Everything that's happened in the past weeks/months led to the fall of BTC's price. But not for too long, imo. The prices will recover when those in need of quick cash will get their money out. After that, the markets will be left in our hands, the believers and hodlers.

There's so much doubt, fear and panic everywhere around the world. This isn't a time to hope for some heavy pumps/dumps of BTC; 2011-2012-like volatility will soon most likely be a thing.

I don't think that the price falling of Bitcoin is connected to the recent disasters that are happening and everything is normal whether the price rise or falls, this is the nature of volatility. Those people who panic sell are being eaten by the whales who keep on buying BTC while the price is decreasing and in my own opinion, those are not true believers of this technology and just joining the hype of Crypto Currency.

Quote from: BrewMaster on March 05, 2020, 03:18:57 PM

Quote from: Jimmy Wales on March 05, 2020, 02:41:29 PM

Question is When China?

China has already accepted bitcoin and it has been legal for many years, i believe from back in 2011 up until now. there is still some areas that need regulations to put an end to the very long FUD about China and bitcoin laws that have been circulating the internet nearly as long as bitcoin existed.

That's correct, most of the people here know that Bitcoin is illegal in China and it is prohibited to use it in that country but the truth is just what you just said. Hope that the FUD issue will be resolve soon but I know it will be very hard to sop those people who do this kind of news spreading for their own benefit.

Quote from: TravelMug on March 03, 2020, 04:52:35 AM

Nigerian Man Shot Dead by robbers to access his mobile phone with crypto

Quote

“Investigations so far have also revealed that the bosom friend of the victim arrested had hinted one of the suspects of the discovery of $10, 000 in the victim’s Bitcoin wallet and then contacted the other suspects for the robbery operation. “From the confessional statements of the suspects, their intentions for carrying out the operation was to dispossess Iroro of the $10, 000 in his Bitcoin wallet but were disappointed to find out that what was left when they struck was $400.

Read more at: https://www.vanguardngr.com/2020/02/4-arrested-over-killing-of-delta-pdp-member/

I don't want to bring this news, but I guess everyone in crypto should understand the dangers whether online and offline. And another sad thing is that the man doesn't have $10k, but rather $400.

Also, we need not to tell anyone of our bitcoin stash, otherwise others might be tempted to robbed us as what happen here.

This kind of news is really sad to hear but this will be a big lesson for everyone not to tell how much worth of Crypto Currencies they posses because some people might get jealous and do bad things to you even if it is your own friend or anyone you know. Everyone should be vigilant these days because of those ill-minded people that not just lurk around the internet but also in the real world. The good thing in here, the robbers got arrested and will be brought to justice for what they do.

Quote from: Chris Barth on February 29, 2020, 09:48:37 AM

There are many ways to promote bitcoin. You can watch this video (https://youtu.be/qzwf1AQxqM0) of mine to learn more on several ways in which you can contribute to the promotion of bitcoin. I hope the video is helpful because making it was like building Rome (Rome was not built in a day).😁😁
I'll be very grateful if you can list more ways so we all can have something we can do to support the growth of bitcoin. Thanks a lot for promoting bitcoin. Yea, that reminds me; you can make bitcoin arts too and publicise them.

Nice animation.

Anyways even Bitcoin is not promoted by people, Bitcoin still has its own ways of promoting itself and back in the days when Bitcoin is just starting its journey from what it is today there are no promotions or even if there is a promotion those days it is very little but still Bitcoin managed to prove what it has reached today. I'm not saying promotion is not a good thing in fact it is a good thing to make Bitcoin well-known and to spread the knowledge about this technology.

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