this has always been the case whenever there is a such a huge and unexpected drop that is more like a manipulation than a natural drop. only a small percentage of investors that are usually referred to weak hands do a panic sell and others try to stay away from the market or start buying which makes the price go higher in smaller markets such as in Bangladesh because the "buyers" are more than "sellers" and there is no whale in such markets manipulating (dumping) like there is in bigger ones.
Interesting explanation! I still don't believe in whale manipulators, but it is true that some people own more BTC than most of us and it might be them selling hard these days just like people selling stock. I did not know it could be a problem to buy Bitcoin when everyone's selling, to be honest. As for local exchanges (centralized ones where the prices seem to be set rather than determined by the market) that allow selling Bitcoin for UAH (local Ukrainian fiat), the situation is quite attractive but I won't do it anyway. Namely, while the price of BTC on preev.com is 133 500 UAH, local exchanges still offer around 148 700 UAH (which is around $5700) per Bitcoin! Buying Bitcoin is possible but hugely unprofitable as the price is around 160 000 UAH per BTC or around $6150! |
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How do you know that it is in the right dip?
What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom. Yes, I agree with that. I am not going to buy, though, because I have enough already, and over the last couple of days I lost a lot (if we're counting in USD). I think that if not by, we should at least hold since selling even more out of panic or greediness (to buy at a lower price) might be too much of a hit, and it'll take a lot of time for Bitcoin to recover after that. It's not just Bitcoin that's going down, it's also S&P 500, for instance. I guess it means that crypto traders are at least following closely what's going on with the stock market if they're not the same people trading there. |
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I am not convinced that the Corona virus can have such a dramatic affect on the Bitcoin price. This virus have been around for months now and the Bitcoin price was stable. We even had two huge positive announcements, with both India and South Korea accepting Bitcoin as a commodity/currency.  This is looking more like price manipulation prior to the Halving, because the whales know the Halving will have a further positive impact on the price and they want to scare the "weak hands" into selling their coins to make a bigger profit.  There is nothing negative driving this huge price drop. The WHO declaring COVID-19 situation a pandemic is a pretty big news. Moreover, the number of cases is rising and new and new measures are being introduced by the governments of different countries. People are starting to take this outbreak very seriously, and the world economy is taking a very big hit. Bitcoin could have stayed stable throughout the whole thing IMO, but we've all been around for long enough to see that it's mainly FUD that triggers major price drops rather than something serious Bitcoin-related actually happening. I had no idea the impact would be so big, but I do hope that people will wake up and let Bitcoin recover. |
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I intend to keep holding through the whole thing. Bitcoin doesn't deserve to be abandoned, and it is not even supposed to be influenced much by all this stuff. As for when it'll end - that's a big question for a couple of reasons. For one, I don't know about you but I don't trust China. When the whole thing was just starting, they tried to silence the specialist who was raising alarms and then died from the disease. Moreover, as the outbreak happened, strict control of China over its citizens got even more serious, so it is possible that the official data about the number of new cases is an understatement, and those who raise concerns are silenced right away. Another issue is that if we compare COVID-19 with the Spanish flu, it might suggest that the outbreak can have a second serious wave in autumn.
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I think today's sudden crash was just a knee-jerk response to COVID-19 being declared a pandemic.
There really isn't anything else that can be said about COVID-19 now that would produce an even worse response than we already saw today, so I think we have seen the worst of it, at least in terms of sudden severity.
We might still trend a bit lower from here since the virus is nowhere near finished, and people are looking to hold more liquid assets like cash during what idiots think is the end of the world.
Pretty stupid really, but it always happens. Smart investors know to short the market when a pandemic is declared, while the rich are going to have a field-day buying up the cheap shares and properties that result from the mass hysteria.
At the end of it, the idiots will be left poorer and the rich will be richer, as things always were.
Yes sudden crash made me worry and since there hasn't been fund any antibiotics for coronavirus it's hard to say what will happen and people are terrified about it so there selling there asset and crypto I hope this problem resolved soon FYI, antibiotics kill infections of bacterial nature, and since COVID-19 is a virus, there won't ever be antibiotics against it. Scientists are working on a vaccine, but it seems difficult to predict how much time is required for that (from months to more than a year). In any case, I don't think that Bitcoin will be suffering all this time and will then magically recover when the pandemic is over. People just need to calm down and realize that Bitcoin has no reason to go down, unlike many other businesses, and it'll be fine. How much time it takes for people to calm down - now, that's a question. I hope it's a matter of weeks. |
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I was shocked when I saw the price today. I understand that COVID-19 is hitting the economy and other things really hard right now, but there are objective reasons for that. Businesses don't get customers due to various restrictions and bans that are being introduced. Bitcoin, however, is not supposed to be affected by the spread of the virus at all! Trading in mainly done online anyway, Bitcoin transactions don't put anyone at risk, and nobody's printing more Bitcoin to help local businesses and important initiatives to survive in these difficult times! The only thing that can get affected is mining, but mining also isn't a major price-forming factor, is it? So it's clearly more due to people panicking and selling all sorts of assets along with their BTC. I think that Bitcoin could actually help to save wealth (for the reasons I've mentioned above) but it won't be able to if we make it bleed even harder!
What's your stance on this one? Are you planning to sell BTC given the situation? Or do you think it's better not to?
I'm not going to sell unless I need money for something specific which cannot be bought by BTC yet.
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Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
Apparently, that's what's happening... Bitcoin is $6k which is devastating. Minus 20% in 24 hours, this is very painful and disappointing... I realize that everyone's worried about Coronavirus, but while many businesses objectively suffer from it (or, rather, the measures introduced to combat it), Bitcoin does not get affected, it's just people panicking. Moreover, national currencies are already starting to fall, and Bitcoin could become something a person can buy and at least save the money if not profit, but again with all this panic people are just selling everything for no reason... Starting today, all educational facilities are closed for 3 weeks, it's nearly impossible to buy antiseptics in a local store, public gatherings are banned. All these things affect many people, but they aren't supposed to affect Bitcoin. |
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1xBit is not a paid placement, but due to community comments - we are actively looking at finding other casinos to replace them in certain situations.
I keep sharing this link on Bitcointalk, but that's because I really think it can be useful to such websites that make reviews: https://bitcointalk.org/index.php?topic=5154971.0. Here you can see the list of casinos (+sportsbooks) that accept at least Bitcoin among cryptos. There's also the trust of their managers which can give you an idea of what's famous and trustworthy within the community. The list isn't full, but it's quite big. And if an owner has positive trust, there's a good chance that this casino deserves to be on your website. Good luck! |
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Just 5 people in attendance, bitcoin is still in its infancy that time, but makes me wonder how those 5 are doing today? probably millionaires, or some sort of whales by today.  Perhaps, or maybe they all ended up like this guy:  I got into Bitcoin in 2013 myself. I regrettably did not manage to hold onto most of my bitcoins from those days. Almost everyone from earlier years has a story like that -- spending, gambling, trading, or otherwise losing much of their bitcoin stash -- so don't feel too bad.  I wasn't into Bitcoin back then, but my parents admitted that a friend of theirs told them that it's time to buy some BTC back in 2013. He himself, however, gained and lost BTC on multiple occasions throughout the years, and even though he knew and did something with Bitcoin, in the end, he did not profit from that and probably even lost some money. He was mining years ago, for instance, but then sold his multiple BTC at a low point which did not even cover all of the mining expenses... As for my parents, they did not listen to him back then, and after that, it always seemed like Bitcoin was too expensive to buy, I guess. |
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It is a wasting because it could be done with staking, that way the could shouldn't need miners.
Yes, but it could end up making Bitcoin centralized. Think about it. Imagine being a huge exchange with a lot of PoS coins in custody? Solely from being a whale, you automatically have a significant influence over the network. In contrast to PoW whereas you'd actually have to dedicate money to buy hardware. This is a fair point. PoS is not better at everything, just like the Lightning Network. Moreover, I don't think the attitude of reducing electricity consumption is something we should adopt in general as a strategy to fight global warming. Reducing waste makes sense, but energy consumption seems to be something different. Perhaps it's just because I was influenced by the idea of the Kardashev scale where energy plays a crucial role. I am not a climate skeptic, at the same time, so I think that something should be done. Namely, we should work on clean energy solutions. Some research suggests that mining largely uses clean energy, by the way. |
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The CEO of Digitex exchange Adam Todd decided to publicly oppose the KYC system, believing that this system only repels customers from the service and destroys the business. I myself am not a big fan of KYC, but it is definitely not without meaning and helps to prevent laundering and so on. I wonder what goals he can actually pursue by making such a decision. What do you think about KYC and its appropriateness? Do you separate KYC by the types? Like going through KYC to just get the access to exchange platform (as it is now with Shapeshift), or simply register with any email, but knowing that you might be one of the 0.1% and might be asked to confirm your identity (as it is now with Changelly)? I have mild KYC concerns. I wouldn't want to go through it because I sort of fear identity stealth and data manipulation, but at the same time, I am fine with places that have mild KYC policies and might enforce them if necessary. I believe that it makes sense to require identification if we're talking about a big amount of money (definitely over $1k). Big transactions might indicate money laundering, so it's reasonable to at least know who performs them. If we're talking about a gambler who spends dozens of dollars or something, it's ridiculous and unfair to require identification. |
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There is something different now in this halving
There is a world crisis going on. We don't know how will bitcoin react, if the crisis will get worse by the time of the halving....
Maybe things need to settle down before any big bitcoin upward movement
On the other hand, perhaps if things get too bad, it will lead to Bitcoin rising as a safe heaven. I don't think that COVID-19 can be the primary cause of the world economic crisis, even if we take into account its serious impact. However, it can be the trigger of the economic crisis that was bound to happen somewhere around 2020 anyway. So if things get bad, it's natural to expect that Bitcoin will move down along with everything else. However, as it actually doesn't depend on what's going on with the world economy because of being decentralized and limited in supply, it might be something in which people start pouring their investments to save them, and it can totally work. |
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Making my second prediction: €7500
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Bitcoin is an option when something like this happens, but it is not the only one. We have several other online payment options, of course. But we really have to do away with hard cash for now, and even cards, certificates, stubs, and anything that will require people to make contact with one another. Accordingly, the virus may actually settle in the fibers of money or paper. That is why paper bills are already passing through a disinfection process before released to the public once again. But if possible, people should just choose online or crypto payments. Anyway, I am seeing how COVID-19 is shaking the world in a way. If I may add some effects of COVID-19 to the world's day to day life. - Classes are suspended.
- Flights are cancelled.
- Conferences, seminars, training, meet-ups, and even nationwide exams are either postponed or cancelled.
- Stocks and replacements of goods are drained.
- Religious services have been cancelled or done online.
- Tourism hits the bottom.
- Discrimination are somehow awakened.
- Panic buying of masks, disinfectants, and even food.
- Unemployment is rising.
- Shares are falling in many countries.
- Streets, markets, parks, etc. are deserted.
Bitcoin is a good thing to pay for stuff without touching anything. There are more than 700 cases in France, and I am starting to wonder whether this could push to the decision of recognizing Bitcoin as legal money there... As for other effects, it's quite terrible. We were organizing a conference at our university which was supposed to happen in less than two weeks, but two days ago an official statement banning conferences and other events that unite many people in one place... I just wish Bitcoin could help with stuff like that as well, I guess  |
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the main significance of this news is that they are now recognizing bitcoin as a legal currency which is the main goal. unlike some other countries that see bitcoin as a legal "asset", "security", and other weird things like that to tax it more, some other countries such as France and Japan (and i think at least 3 others) consider it a currency.
Well, I think it's a big step, then! If Bitcoin's currency there, does it mean that there're no special taxes on it, and it is in an equal position with EUR? First France introduces Blockchain and Bitcoin into the state school curriculum, then recognizes Bitcoin as a currency. Apparently, it decided to aim at being progressive by adopting cryptos before the most influential countries do. Hopefully, it'll have good consequences both for France and for Bitcoin. Declaring it legal and educating younger generations is a great welcoming step, but it's not enough to boost adoptions. The community and retailers have to try making using Bitcoin in everyday life real. I look forward to seeing how it would work. |
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While it's cool that at least someone offers this, it's sad that it's not a good university. China's a powerful country, and they have high-quality higher education. But this university is such a no-name that it's even hard to find any info about it online. Okay, I get it, China is not big on the Internet, they have their own space for that. But it seems suspicious in any case that Google confuses it with other facilities, the website seems to be offline (if CUIT is the one), and a Wikipedia page (if, again, it's the same university, and I am not sure of that) says that this facility's known for an incident of promoting cruel behavior with animals for the sake of research. I also cannot find this news on any reputable news portals...
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The description sounds promising, so I'll give it a try. The website's design doesn't look very professional, but I guess it's not a big deal. The confirmation letter went straight to spam, but perhaps it's not something you can change. I loaded the game, tried betting, got some stuff. I tried to read some info on the website but I did not see anything explaining what's in it for the creators of the game. I mean, are there any fees, are you planning to place adds? How does the website profit from all this, and if it doesn't, why? I love it that the game is not typical and that it's provably fair, but it's always good to know the motives of the team. Good luck!
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All these newbie posts in the thread suggest that the casino hired accounts to pump the ANN thread, which is against forum rules. I might be mistaken, though, of course. Another thing that concerns me is once again the colors and design of this new sportsbook. Maybe it's just me but I keep seeing similarities between new websites and sportsbet.io. The colors are extremely similar (the green is clearly different but still) and used the same way as on Sportsbet. Interestingly, the login/register page has a very different background.
If the design is somehow a coincidence, I have a question: what is it that this website offers that makes it stand out on such a competitive market?
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I like Bitcoin and hope that it will be the one people use when massive adoption comes. But it seems to me that Brian is right that it's a question whether Bitcoin would be able to do that. The number of users is still very low, so a Telegram token or a Facebook one can theoretically overcome Bitcoin's dominance overnight (that is, if we count them as cryptocurrencies, of course). I don't think that a decentralized pseudo-anonymous currency like Bitcoin can beat it in terms of the number of users, but Libra or something really might. they obviously don't intend on letting that happen again. they know (as well as i do) that altcoins will go crazy again in the next bubble, and they are positioning themselves accordingly. in april 2017, coinbase only had BTC and ETH listed. now they have dozens of shitcoins, something like ~60 markets in all, and more to come i'm sure.
I don't know that. I think that the time of the altcoin market flourishing like it used to be in 2017 is over, and it won't happen again. Unlike the previous time when Bitcoin's dominance was going down (the thing that Coinmarketcap and Coingecko call 'dominance'), it did not decrease when Bitcoin recovered (more or less) throughout 2019. Some coins might rise, but I don't think that most of those even in the top-50 will. |
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