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You have the certain point however it's really hard to predict anything at this moment.
There will be global economy crisis that is for sure but at this very moment no one can't tell for sure how deep it will go and how long will it last, that is why is also hard to predict the impact on cryptocurrencies.
Somehow I think that it might be worse that we can imagine now.
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Doubling after a lost bet sounds a lot like Martingale which is proven to not work in long term and it works with extreme difficulty in the few cases it works for only a really short amount of time.It is more luck rather than a strategy.
Exactly, it has nothing to do with strategy, it's matter of pure luck. And that doesn't work all the time. After loss many gamblers try to cover that as soon as possible but very often that leads even deeper into losses and could become a closed circle so to my opinion it's not a good idea. |
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It's good that you have positive attitude but don't get to excited. I know that many people have big expectations from halving but some might get disappointed at the end. Price might go up but I don't think that will be long, continuous growth, it's more likely that we'll have price rise in a short breath. Also, there is no guarantee that price will rise at all.
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Everyone decides for himself but personaly I don't think now it's best time for selling. Of course everything depends if you have bought your coins and at what price, do you need the money etc.
However, I think that Bitcoin price will recover and rise again. Having in mind current situation it's hard to tell when and in what extend that will happen but if you have enough patience don't sell now.
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It's not a surprise, scamers and criminals always misuse situations like this and try to get financial gain for themselves. It's an ideal opportunity when people are vulnerable and fall easy for such attempts. That is why education and awareness is very important, that is the only way to protect people from becoming a victims.
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For me it's very important that exchange is legal, legitimate, transparent that it doesn't have problems with liquidity and that has good customer support.
I also pay attention to rewies and possible scam accusations. Unfortunately, there are also some exchanges that are made to scam people so I'm always careful.
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I have limited my funds from the beginning. I make a priority for urgent needs and never spend money on unnecessary ones. I have heard from many sources about the possibility of a global economic recession, so I prepared everything that I can. FYI, in my city, the prices of daily needs are growing but all of us must stay at home and no jobs. In this condition, we must be smart to manage our money.
I have the similar strategy. I'm not spending on anything that isn't necessary and I'm trying to enlarge my rainy days funs while I still can I think that even before corona pandemic the world was heading towards new economy crisis and now I.think it could be only worse than expected. Probably the price of all peoducts and services will go up, people will continue to lose jobs and economy will recover very slow and in years. The situation isn't bright, that is for sure. |
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Actually, why not? Using Bitcoin for rent a car or for payment of any other goods or services what difference does it make? I often use Bitcoin as a payment method but of course everything depends on merchants conditions. Bitcoin should be used a currency in the real life that is my opinion and I try to do that in practice. That is also one of the ways how to spread awareness of Bitcoin and cryptocurrencies.
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Users withdrawing their Bitcoin from exchanges may either mean they badly need it to convert it to cash or they simply lose interest trading during these hard times. But the rising of the number of addresses with 1 BTC in them tells us that it is more likely the latter. That somehow consoles us and tells us that people are still very much into Bitcoin. It perhaps even suggests that they are keeping their Bitcoin into more secure wallets rather than leave them unsafe in the hands exchanges.
I'm not sure if that information about 1 BTC addresses is actually correct and verified but it might happened that people are witdrawing their Bitcoin from exchanges. I mean they shouldn't keep them there at first place, unless for trading purposes but now maybe they are losing interest in trading or confidence in exchanges because of all this situation and potential heavy economy crisis that will definetely affect everyone in upcoming months. |
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I seriously think there is a huge gap between increases in bitcoin and increases in altcoins. Of course same applies for decreases as well because bitcoin doesn't drop as much as some of the other coins whereas other coins fall a lot harder.
So, altcoins go up and down a lot more but bitcoin goes up and down a lot less. Keeping that in mind I see that the good altcoins that are actually worth something will probably go up about 50% to 100% at most, and that's about it, could they go even further higher? Sure but not on average, just few of them will while the average increase of the whole altcoin world will be between 50% to 100%. Bitcoin however could have something like 30% increase realistically, it could do more but I think that part wouldn't be sustainable.
That all happens because actually there isn't direct connection between Bitcoin and altcoins. Changes in price of Bitcoin doesn't necessary affect altcoins and vice versa so conclusions based on relations between these two are not very good to make. Regarding the price of Bitcoin after corona crisis, this is really hard to predict. Now it's still hard to tell for how long this is going to last and how this will affect Bitcoin and other cryptocurrencies. To my opinion, all.options good and bad are equaly possible. |
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I'm not addicted, so yes, I can stop at any time. Gambling is fun for me, something that I do in my spare time. Sometimes I win, sometimes I lose but I'm not professional gambler and I'm not financialy depending on it.
If someone finds himself in situation that can't stop gambling then this is called addiction and can be very serious problem.
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Arbitrage trading is one of the most profitable types of trading but it's not for everyone. It's very risky and denanding, also time consuming, so it's for the most skilled and experienced traders. You have to be present on exchanges and market all the time and be able to make decisions quickly. Some traders rely on bots but I don't think this is enough, without your full engagement arbitrage trading can't be successful.
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Does he feel bad at all for what he did to Kleiman or is he just trying to create all this drama to hide his guilt for what he did? Can't believe we are still coming across people who support the guy when all he has said and done is plain for all to see. Amazing to see sometimes and be reminded even crypto has drama.
I think he is trying to hide his guilt, that is the whole story. To my opinion he doesn't feel bad and he thinks that all this drama and publicity will actually help him and turn the attention of public into different correction. It's not the first or last who tried something like this but I don't think he's going to succeed. |
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At least before this pandemic happens you already have a reserve of savings in the form of cash or assets in crypto to support your life.
Bruh not everyone is capable of saving and preparing in this kind of crisis, poverty has been the broadest and complex problem of all time even the rich people suffer these days are there are limited number of goods to buy in the market. Saving is hard these days or even before as inflation is getting high, products prices does the same too, and saving just keeps getting harded. This disaster indeed makes all people almost not allowed to leave the house and work as usual, but there are some countries that do a lockdown system but bear all the necessities to survive.
and what must be considered is never to borrow money to overcome this problem, borrowing money will only increase your burden, sources of income can be sought through crypto assets that you own and can trade.
I heard there are some institution that lend their money to the people even without uncertainty of paying it back to them which I find very advantageous of the current situation is, and it sucks. Probably many financial institutions will adjust to situation and start to offer special loans for people that are affected with crisis, even some governments make recovety plans for their citizens. However, I'm not sure how convenient this is going to be and if at the end this is not going to be another trap. The best is if you have some kind of savings for the rainy days but I'm aware that not all people can afford that. |
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This is probably advice for beginners, never invest based on anyone's advice.
Yes, our money and we need to be responsible for it.
All advice is for reference only, you can rely on it to research and make your decisions.
It's true, it's the basic rule to obey don't invest more that you can afford ro lose. However, it's not only beginners that make such mistakes and often don't respect their limits. Sometimes trading can also be addicting and you can easily forget yourself thinking that with next buy you will profit and cover all losses. Selfcontrol and responsibility are very important. |
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Nothing lasts forever, that is what experience teach us.
However, despite the large number of coins that followed Bitcoin none of them hasn't been so successful and how the situation looks now it will not be. It's not impossible that in some period of time some coin replace Bitcoin but that one should be much more technology advanced, be better accepted and has higher value but so far I don't see such possibility.
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I have received few emails where the senders are asking fund for helping corona virus affected people. I have know it is an attempt from scammers so i didn't open that email. And yes, they are sending many malicious links in the name of corona help. So, it is my advice to all crypto related guys, don't open any fake email and click on malicious links. Otherwise your crypto wallet and personal information saved in PC, Lapto will be theft by scammers.
Yes, cyber criminals are trying to.use this heavy situation and scam people. Unfortunately they are also successful in many attempts, despite the continuous warnings. There are many types of these emails, so be very careful and check everything twice. The best thing is to delete such emails without even opening. Also, there are many fake news related to.COVID-19 , don't fall for that and listen information only from legit and official sources. |
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In fact I don't but that is because I don't gamble for large sums. I use extra money from my income that I will not miss, these arw not the sane sums all the time but I don't need some records.
Otherwise I think that it's good for large players to have evidence how much they put in game, win and loose. Sometimes when you see the sum of money that went into gambling you'll know if you spend too much and if that is leading you to the wrong way.
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Virus and its reaction to the markets has always been connected.
Realizing that bitcoin dropped and recovered, this wouldn't be a problem anymore. Be amazed how bitcoin recovered rapidly after it gave everyone a chance to buy at its dip.
The recovery stil isn't full and it's hard to tell if this will happen and when. Also, further dump is possible too. At the moment is still hard to predict how the situation with virus will develope and when all this crisis is going to end and that will affect the Bitcoin market too. |
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