It's because of Coronavirus, I can't see any other reason behind this massive drop. Coronavirus is spreading worldwide and people are dying every day! So, it's normal that all the stock market, the crypto market is facing a huge decline! You may open the tv or read some news through your native newspaper, so, you will get why we are in panic mode and why crypto is suffering these volatile pain!
It could be true. Maybe people sell their bitcoin because they run out of their money to buy their daily needs. Corona Virus has an impact on real life, and many businesses cannot running well as usual, and they wait for a while for the next good news. But maybe there is another reason why the price still drops today, and we don't know what is all about. Some traders get panic to see the price drop again, but the other traders see another opportunity for them to buy more bitcoin.
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I wish he is correct but the market right now is still not stable, the bears are here and bitcoin might fall below $5000 again, and with another huge dump, I am afraid next stop would be below $4000. Not a fan of following predictions by the experts, but I would be happy if he is correct, besides I would just accumulate again if that happens.
That could be true. We almost touch the $4,000 level price, so the chance to see another down will be possible. But we hope that the situations are not getting worst because if the price is down below $5,000, many traders will be panic, and I cannot imagine what will happen with the market. Maybe not only bitcoin will lose the price, but the altcoin will also get the same things. We have to wait for the next month, and we hope that the price will be back at a higher price.
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Is it true that Corona Virus may effect trading?
Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.
I think you can share your ideas here so we can know if your idea can help people here, and we can also help to spread the idea among the other people in other places. We cannot say that Corona Virus might affect trading because we don't know how big the impact on the crypto market. But if many people in one country have traded in the crypto market, and many of them got infected by the virus, I think they need to recover their health first before they can start to trade again. So if you can help with the vaccine of the Corona Virus, then it will help many people out there who got infected so they can cure themselves.
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How would a global recession affect cryptocurrencies?
It will affect crypto too, whether it's direct or indirect, although cryptocurrencies are not part of commodities in all countries. But the global recession means every country will have a big problem in each country, so each government needs to solve the problem. It could impact too much with every people in all countries, they will get the same thing, but the portion will not be the same. But the market might be collapse, especially the stock market because people buying and selling in that market.
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We still get a discount price of bitcoin, and I am sure that many people use this moment to buy more bitcoin with their money. No one will know what will happen with bitcoin after this, but if we can buy bitcoin right now, and in the next hour bitcoin price increase, you will have a chance to make a profit after you got a loss in a few days ago. Bitcoin price is still struggling to increase the price, and although yesterday we almost touch $6,000, the price does not break that barrier, but it goes down again this day. But soon, I am sure that bitcoin price will be back to the higher price, and for people who already buy bitcoin at the price today will have the moment to enjoy their profit.
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No need to panic, I'm in China right now, it basically has no new infected patients in most of the province now, and most of the business has been starting. However, there are travel restrictions between cities and especially continental now, and many companies in western depends on chinese delivery, this could bring them some trouble. But anyway, goods transportation has not stopped
That is great news. But we need to wait for a while until the recovery process is finished so we will see every business in that country can work as usual. However, I think in the other country, the virus still becomes the hot news because I see much news about people being infected by the virus, and they still in the isolation room for a while until they can get a cure. Maybe we should not worry about the market and the people who got infected because the market will be like that, and the government will handle people, and the virus will not be a problem anymore soon.
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The way Bitcoin price was growing, so, 12K USD was very possible and I was very optimistic that the Bitcoin price may hit 15K USD before the halving. Because I got the feeling that BTC price won't be high after the halving rather it will be before the halving! But coronavirus changed the whole world's scenario! Now, I don't think 12K USD is possible before the halving, but again Bitcoin won't stay at this dump zone, there will have a bounce-back very soon!
We will see it later, but somehow, bitcoin price still at a very lower price right now because we saw a big dump that happened a few days ago. It seems, right now, the price still stays at a price now, and hard to see the increase of the price again in a short time. But we still have at least 2 months before halving so everything can happen later. Maybe $7,000-$10,000 will be the difficult barrier that bitcoin price needs to break before the price can increase to $12,000.
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Definitely a good time for those who have funds for situations like this. I really envy you people! I bought BTC at a $9k rate never knowing that this economic situation will get worse in a blink of an eye. I am holding to my coin so let's see what will happen in the next weeks of dealing after this coronavirus.
For those first-timers who want to invest in Bitcoin, this time is definitely a good time.
Imagine those that bought at 15K. They must be crying right now ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Maybe but I think they still hold some bitcoin until now. Maybe they are still trying to recover, but unfortunately, right now, it is not easy, and they need time to recover that. We can hope that they can survive in this bloody market so they can recover the loss in the crypto trading, and even they will make a profit. Bitcoin price still down again this time, and we don't know what will happen later, but we hope that the down of the price will not be too deep.
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I mean is cloud mining profitable and trusted? There are many platforms for cloud mining such as Genesis Mining and Bitdeer... Has anyone ever bought SHA256 computer power sharing plan or X11?
I would be grateful for any advice! Thanks!
I prefer to choose Genesis Mining than Bitdeer because I already tried with both in the past. Bitdeer gives you a discount for buying the hashrate to their machine, but you should pay the electricity to them. It's not worth it because your profit will be reduced because of the electricity fee and that will happen too in Genesis Mining. Right now, the cost to buy a big hashrate is not worth getting the reward from the mining because you should calculate the electricity fee that will need you to pay.
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It could happen if the government allows the crypto to be used as the payment. Maybe people can shop their daily needs online, and they can pay using crypto, but so far, they can use their debit/credit card to pay, so I don't think it will happen soon. The government concern about finding people and how they can cure the virus, but if one country is collapsing because of the virus, then maybe that will encourage people to use crypto for the payment systems because they can pay from their home without going to the local store.
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Right now, bitcoin price slowly trying to increase back after a few hours ago, the price is at a lower price. We hope that soon bitcoin price will break every higher price and back to the current price. Although it is difficult, if many people can manage their emotions and not panic to see the price, the price will be back soon.
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I don't think that is related to that. It is the only coincidence that bitcoin prices finally get dump so hard. I am sure that everything will be okay, and the price will be increased again. We can buy more bitcoin while the price still stays at a $5000 level price so we can have more bitcoin in our wallet. No need to relate to something that we don't know for sure because we don't know what is happen, and we only know that the bitcoin price was down.
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For people who know crypto would choose crypto gambling than gambling physically because they know how to deposit and withdraw with fast using crypto. They don't have to wait for a long time to see their deposit amount in their account so they can start playing gambling games. Besides that, they can try with the faucet which they can find in many gambling sites before they deposit some amount so they can know if the site is good or not. They can also hide their identity for playing in the online gambling site, so they don't have to worry if other people know they are playing gambling.
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your right sir, this would make crypto currency a better alternative for physical gambling to non contact or just playing online gambling and would make it more profitable for them besides, players can just play at home with a cup of coffee instead of driving to a casino that make them prone to virus, this would be also a great opportunity, for digital currency to be push to public also for their own safety.
Maybe that can be the way for gamblers to still playing gambling using crypto. Besides that, maybe we will see another news from the country that will finally accept crypto to be used as the payment solution because we can make an order to buy something and pay with crypto. With staying in their home, they actually can do many things with their family. That can help them to think about what they need to do to reduce their time in gambling.
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The reminder can help you to remember your time to stop gambling, and I think that is the first reminder for yourself, so you don't continue playing gambling. That will work for you, especially if you learn about controlling yourself in gambling.
I don't think that the site will care about that because they want to make money from the gamblers, and even they care about that, the gamblers still have control for themselves. All the matter is about ourselves in having control so we can prevent the worst thing that might happen.
Never seen a gambling site with that feature. And I don't think they will ever think of that. It is true, gambling sites or casinos want to rip money as much as they can from the gamblers. That's their business. They will give you contacts if you need help from gambling addiction, that, you can find that in a lot of websites. But feature of self-control. I don't think so. Yeah, I never saw that too because I don't think that the gambling site will add that feature. The responsibility will come to the gamblers itself, whether they want to stop playing gambling or still continue playing gambling. The gambling website only gives way how to gamble with some money, and the rest will be at the gamblers. The self-control is something that we need to have in gambling so we don't spend all of the money or we can control ourselves.
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well, luck is something to be chased, if we never place a bet our chances to win is zero, and while more bets we drop then more chance we have to win.
I don't think there is a formula to get lucy, but if we push our luck some day we will get a jackpot.
It is hard to chase the luck because we never know when the luck will come to us. We can only try to play and hope that in some rounds, the luck will come and help us to win. But there is a risk to us if we still playing because we can get lost without knowing if the luck will come or not. If we know about the risk and we can accept the loss that might come, then we can keep playing while we still hoping to get that luck. there are tools to know the risk of the game you play . you calculate that with your amount of bets and your bankroll , if you see that your bankroll is sufficient enough to hit your target then go on and proceed but if you saw that your bankroll is short then refrain from doing it . its iether you wait and fill your balance more or you can play a game with slightly low risk than compare to your previous game. the above shows that there is some skill involved more than luck to win on gambling . Although you can use those tools, you still don't know how big your possibility to win the games because you know that in gambling games will need to be lucky. We can feel that we can win the games by calculating every possibility that we can get from those tools, but how big the chance we can know about the luck will come to us. I don't want to risk more money for playing gambling games because that can cause me to get another loss which sometimes can be bigger than I can expect.
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As many members said, reputations will be the important thing that the gambling site needs to have so they can attract many people to come and join them. We can select a gambling site which has reputations, and we can find it in this forum, and I think that is enough for new people to join with that site without searching for another place. New people can read reviews from here so they can find what they want, and I am sure that they will feel comfortable to stay and play the games.
forum members on here are lucky because they can grab almost any info and suggestions not only related to crypto but what im worrying is other people that isnt a member of this forum because they are only trying on thier own , its like they are in a darkroom looking for a switch on the lights . they can search but search engine can give bias result not unlike to forum with real people . anyway i do like to play on reputed sites but i do also got bored and i try other sites but dont worry about me because i know how to care my self from scams. . Yeah, we can get so many information about the recommended gambling site. I guess if people search in the search engine, this forum will come up in the top search with the right keyword so they can directly visit this forum so they can know what the recommended gambling website is. That will help them to minimize the chance to get a scam. I guess most players like to stick on the casinos they have been a while. Right? Have you had a specific reason to look for other places to play in?
Yes, but sometimes we try to playing gambling in a new site just because we are curious about the site, and we want to know what inside the site. I don't have a specific reason to search the other places because I don't too often to search the new gambling site, and usually, I pick a random new gambling site.
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I will stop gambling when the crisis is happening because I don't want to do that while I believe that everyone will save their lives first and use the money to prepare to survive. Maybe I will leave gambling for a long time until the crisis ends, and I will try to survive as other people do, and if I can, I will not use the money to come back to the gambling games before I can fill my daily needs.
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As many members said, reputations will be the important thing that the gambling site needs to have so they can attract many people to come and join them. We can select a gambling site which has reputations, and we can find it in this forum, and I think that is enough for new people to join with that site without searching for another place. New people can read reviews from here so they can find what they want, and I am sure that they will feel comfortable to stay and play the games.
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well, luck is something to be chased, if we never place a bet our chances to win is zero, and while more bets we drop then more chance we have to win.
I don't think there is a formula to get lucy, but if we push our luck some day we will get a jackpot.
It is hard to chase the luck because we never know when the luck will come to us. We can only try to play and hope that in some rounds, the luck will come and help us to win. But there is a risk to us if we still playing because we can get lost without knowing if the luck will come or not. If we know about the risk and we can accept the loss that might come, then we can keep playing while we still hoping to get that luck.
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