Ahh, the Hierarchy of Needs proposed by Maslow. You literally posted a whole discussion of a Psychology course into a bitcoin forum..

Technically after the COVID-19 pandemic, people and governments would be more aware that infectious diseases are lingering just around the corner and nature is not one to fuck with. Also, more people will inform themselves into basic biology and medical science, as most seem to ignore this certain area which caused the pandemic. Governments will invest more on the field of medical and biological research, and ultimately, people will focus more on health and hygiene needs after this is all said and done.

I don't see any restructuring of our economic structure currently, and the only thing that will change is everyone's outlook and perception on viruses and how severe they can be. Frankly though, the economy will take a beating of its own--and a hard one at that--and just like any other economic downturn/recession that we have had in the past, things will get back to normal once more.

It's good reading a post like this again, and I felt like I wasted 10 mins of reading and re-reading everything even if I already know what it contains. One thing and one thing only, consumer culture will not die as long as people feel that vanity is a part of their own system to belong to their society, or to be just acceptable within the social norms. Viruses will not be the reason for it to disappear, and the quarantines around the world made it even worse for some people who are eagerly wanting to go out and get back to their daily lives.

From where I'm at, the government is kind enough to send some goods and some money on our way until the quarantine period is over. Best estimates for the curve to flatten on my country (the Philippines) is up until June, which is a good 3 months since the initial lockdown on March 16. Private sectors and companies, especially those top corporations are also kind enough to chip in whatever they can even though they are already operating at a loss. Technically everyone is in emergency mode, with little to no resources to work with however the government 'can' basically provide food for the next 3 months. Payments on power, water and other things are essentially suspended for the time being, so there's that. I myself am a volunteer on a hospital and have my main job stopped, so I live off of donations and some money I have saved for myself. I understand the sentiment of everyone regarding this crisis, but if help is truly being delivered, people should not have any reasons to still go out. I'm not speaking out of privilege or luck, as I myself have nothing to pay for rent within the next month but if people cooperate well with the government on the effort to prevent the virus from spreading, normalcy would be had in a month or two.

I wouldn't really be religious in saying that bitcoin will never fall. Not being a pessimist but there will surely be better iterations of bitcoin that would eventually be used by a lot of people around the world. While the points stated above are true, bitcoin simply does not appeal to the masses because the concept of it is too young for people to fathom. In the later years, perhaps, people would soon realize that bitcoin--or cryptocurrencies in general--are the real deal and not fiat.

Which further proves this point: 


BTC is literally helpless from such orders that can bring it down to $0, but is also controlled from all sorts of trading practices that could make it valued a lot in a single night; susceptible to all forms of nefarious trading practices but still stood on its own despite everything around it crumbling to pieces. You are naive to think that spoofing isn't happening in regulated markets. It is happening, but most traders are good in hiding it that's why it's not being exposed.

There are some universities who are exploring bitcoin and cryptocurrencies under disruptive innovation, which has long been a topic in economics of contemporary times. For the mean time, universities would be exploring the blockchain and its applications rather than the core concept and value of cryptocurrencies since the former has more useful and widespread applications in different industries. Give it a few more years and for sure, universities would employ the idea into their curricula.

In the early days of bitcoin, all moves by the government were generally against the proliferation of said cryptocurrency on all fronts. While it was successful since there aren't that much places where one can spend their bitcoins to, the community who believes in bitcoin's value, together with speculators, traders and institutional investors are seeing it on a different light: as an asset. For now, governments may be thinking that bitcoin is just up to no good, but once the profit potential is there, their regulations would divert towards the way where they can make money off of it e.g. licenses for exchanges, services; personal taxes etc.

Not only the casinos and the gambling industries have been left behind by their management but also non-essential businesses. It's really a punch in the gut when your livelihood depends on businesses that are not operational during these kinds of disasters, but there's nothing you can do but to just barely survive and wait the rain out. Hopefully though governments would press down hard on these industries to at least give some form of help to their employees in times of need.

I wouldn't really suggest you to go into trading or to hodl and hope for the best. Besides, you would need to go through extensive KYC and verification checks para lang makapag-trade. If there are exchanges na pwede ka namang makapagtrade, very limited lang ang galaw mo pati ang volume na pwede mong magamit sa isang linggo o buwan.

What I would tell you though is to hold on to that money muna and when ECQ is lifted, do gadget buy and sells. This is way easier if you have experience handling gadgets at alam mo which is which, and also ano yung distinguishing factor to know if they are fake or not para hindi ka ma-bogus. You can also learn a skill and market yourself online. Currently, I'm working as a medical VA (virtual assistant) since sarado ang lab na pinagtatrabahuhan ko, and it pays good money as well.

In the mean time if you really want to dive into bitcoin, I suggest you learn the basics of trading as others have already pointed out in here. Also try trading mock-up apps which lets you use play money para lang maexperience mo yung paggalaw ng real-world markets without having to risk anything. It teaches you the basics of decision making at kung pano mo ipoposiyon ang sarili mo sa merkado which are key things para maging mabisa kang trader.

Good luck and stay safe.

More and more people are actually looking at bitcoin differently than they were a couple years back. Despite having the image of a highly-volatile asset, people are now taking their money into bitcoin despite the world being in turmoil as of late. This is the beauty of decentralization that bitcoin has to offer: it needs no help from governments or any banking entities to get back on its feet. From sub-$4k a couple weeks back, we managed to get into $7k at this time of writing, while companies listed in NASDAQ are still struggling hard to bounce back. We rebounded harder than most stocks out there despite being unproven to the eyes of many.


True, as most of the traders taking place into the trading action of crypto markets also have their own hands on such assets.

Avoid trading at Yobit mga kababayan. Noon pa man ay involved na sila sa ganitong shady actions although it's hard to put them as scammers since nasesettle naman lahat ng hindi pagkakaunawaan sa kanila (as I've heard). It's not new for them to accept coins such as this since matagal na nga nilang nagagawa ang mga ganitong bagay. Gayunpaman, mas maige nang umiwas at maging vigilant kesa mabiktima ng ganitong klaseng mga scheme. Ako rin ay nagulat nung nakita ko yung TPT na yan sa CMC at biglang nailista sa Yobit, although yung 822 BTC volume malamang ay padded lamang at hindi organic volume.

Advising countries not to worry with printing too much money is actually a good advice. /s/

The global economy is currently at a halt right now and is in a bad shape. No demand can be pulled off of all pockets except on the food and medical industries. The rest are basically non-essential and does not matter at this point. If every country is to print money to satisfy the welfare of their citizens, expect that inflation will skyrocket, and more and more people will be affected short-term. This is practically telling countries to jump off the ledge and expect for the best, however we know what happens if the advice is followed.

Most countries would surely have their budget intact still for 2020. We're only at the first full quarter of the year and I'm pretty sure governments can re-allocate the budget into emergency funds first and decrease spending on infrastructure and other key areas in the mean time as the most important part of this pandemic is to help keep citizens alive and well. Printing more money should be the last resort, not the first solution that comes into political advisers' mind--be they Nobel laureate or simple economists.

People are comfortable because they mostly believe what the government has to say. Also, since the government are the ones enforcing the law, why would they not be comfortable with that thought? Risks regarding defaults and fraud would be minimized (in their heads, at the least) since how can anyone go against the government?

That is their line of thinking, and let it be. No one should force anyone to change ways just because one thinks the other is a better option. They believe that the government always got their back whatever happens.

A great course. You get some lessons on cryptocurrency and cryptography in general plus you get a bit of economics on the side, which IMO is good considering that you are dealing with a disruptive technology involving economics. Most degrees concerning blockchain and crypto don't integrate the basics of economics on their curriculum, so I must say that this one is a well-thought course description and what students actually should expect re: bitcoin and other crypto.

As was stated in some posts about him, it was greatly inspired by Wei Dai and Nick Szabo's work, with some other things in-between that we now call as bitcoin. How he got the idea, that's what we won't be able to answer unless we really come close contact to Satoshi or get an interview with him. His accounts on *why* he devised bitcoin is literally in this forum, and that's mainly for political and economic reasons, especially pertaining to banks and government's continuous oppression to the unbanked majority.

If you belong to those salary brackets(which you mention are in USD), you must have been living a good life in order to take home $10000 or above per month, and knowing cost of living in India, that is definitely a lot. Don't get me wrong, I hate to get my paycheck cut by such a large percentage, but if I were receiving those in a month, I'd definitely be happy to sacrifice and do my part for at least a few months instead of seeing other people perish. Perhaps not other people are like me in terms of charity but in times like these, money not that important if there are no stocks in the shelves of supermarkets and/or other stores. Also, the ones affected by the said price cuts are on the higher-end of the working class: managers, executives, IT honchos etc and not really the middle-class or those who are in the poverty line, so it's not really hitting hard IMO.

Given the current situation of the world today, the economy is in turmoil and essentially paralyzed for the time-being. Commodity prices are being frozen on where I'm at, plus the only expenses people have to worry right now is just food, med supplies and rent, since power and other things are suspended by most governments for consideration. If an employee still lives like a king in times like these, then they should not blame the government for doing the necessary thing of cutting salaries down. Besides, it's just temporary and everyone in the whole world is affected and not just you guys on the upper-ends of the spectrum.

If exchanges find out that you're faking your name and your KYC details, best they can do is freeze your assets and close your account. You're also going to be blacklisted from their exchange. If you can handle that happening to you then I guess you can still create fake names/KYC and get on with whatever you're doing.


For the most part, exchanging your coins into cash require strict KYC as most exchanges are in compliance with what AML (anti-money laaundering) regulations they are under. You can always use bitcoin ATMs but the fees aren't worth it, IMO. Easier route is to get at least basic verification if you're not doing much trades (under $10000).


I've used a few coin mixing services and to tell you frankly, I'm better off without them (to each his own). I only used VPNs to watch some content that are blocked in my region and nothing else. I haven't had a single hack happened to me (apart from the bitcointalk password leaks in 15/16) albeit being connected to crypto and things about it. You'll be fine for as long as you don't do any crazy stuff on the interweb e.g. posting to much about your knowledge in crypto using your real accounts and downloading things on shady websites.


Nope. Read their ToS and use it against them should they do something unwanted on your details.


Observing internet etiquette and simple privacy techniques can get you a long way with bitcoin. You don't have to be technically-inclined in order to keep yourself safe against hackers. Just don't do stupid things and you'll be fine for the most part (explained above).

Perhaps a lot of people are already trying other options while the world is technically in lockdown and the economy paralyzed in the time being. As one can easily tell, bitcoin is  only a few of the performing asset there currently is while stocks and other forms of investments are basically down. Perhaps people are also looking into the possibility of using bitcoin in replacement to cash, who knows? Though that seems very unlikely compared to the investing aspect of bitcoin. Nonetheless, it's good to see some coins out of the exchanges and some addresses actually getting up something in them for the first time.

Malaki ang naging epekto ng pandemic sa ating ekonomiya lalong-lalo na sa malalaking korporasyon. Isa siguro marahil sa mga pinakaapektado ng krisis ay ang oil industry lalo na't bumaba ang kada bariles nito sa world market at apektado maging ang mga stock dahil na nga rin paralisado ang ekonomiya at wala namang gaanong nagamit ng petrolyo sa panahong ito. Bagama't ganto ang kalagayan ngayon ng ating mga markets, tuloy-tuloy pa rin ang trading sa ating mga stock exchanges, at unti-unti nang nagkakaroon ng recovery ang ilan sa mga nabanggit ni OP na kumpanya based on recent performances.

At this point in time, no one would really care about medical records being exposed to the open public, even the affected individuals themselves IMO as everyone is currently occupied with the pandemic. That might be an understatement on my end but it is what I see, at least here in the country that I'm staying on. It's just saddening to see that some twisted individuals would go the lengths to actually make money off of the pandemic and do the most ridiculous things possible even if it involves tarnishing the last sense of normalcy this society has currently. Perhaps every hospital should do a systems upgrade and add layers of security for their data in order to avoid this from happening again.

I'm sorry but this is a rather stupid question to ask. A virus that can potentially infect 3 people from a single vector within a span of a few seconds is definitely more dangerous than gambling games that can be controlled and can be shut down at will by the government. With the current pandemic, you are looking at hundreds of thousands of people potentially dying and some with severe lung fibrosis even if they managed to survive, whereas in gambling people can just stay the hell out of the game and live a normal life sans the thrill and excitement of gambling. Gambling is avoidable, but the virus? You'll never know whether you have it or not unless you get checked.