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1  Bitcoin / Bitcoin Discussion / Re: The growth of cryptocurrency on: April 24, 2020, 02:54:44 PM
Quote from: XenoFever on April 24, 2020, 01:23:26 PM
Cryptocurrencies have grown over the past two years. Even though decentralized, this currency is now used in many countries. A lot of virtual transactions are carried out using cryptocurrencies and the government has slowly started accepting this currency.

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I just want to know your opinions to these 2 questions:
1. How does cryptocurrency help you in your daily lives?
2. How long have you been into cryptocurrency and how does it changed your life since then?
3. How did you know cryptocurreny?

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Here is mine:
1. Cryptocurrency helps me from my finances, as what we are facing right now, cryptocurrency is so useful for me because we are all required to stay at home and the only thing that helps me to support my lives and to have foods for me is the cryptocurrency.
2. I've been using cryptocurrency for almost 3 months and within those months, it changes my life a little bit, before, I don't have so much money to buy some of my wants and needs, I do investing in cryptocurrency and that is my way of earning cryptocurrency so I have now money to buy such things.
3. I am very thankful to my friend because he told me about cryptocurrency, before, I am not really interested because I am not that so familiar about it and I do nothave any ideas about transactions happen in crypto world but upon reading and learning some informatiom about cryptoworld I am now I am, hoping that I will imporve my knowledge about crypto world.

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1. I use cryptos for savings because I have anothers incomes. So I've been able to use my income from fiat money totally, knowing that I have crypto savings

2. Since Last year, I have plans with the savings so they will make an effect on my life soon.

3. I knew about it many years ago and started to research more, but the opportunity came last year and I haven'tstop since then.e
2  Economy / Speculation / Re: Is Covid-19 a cause for BTC price drops? on: April 24, 2020, 02:37:09 PM
Quote from: AniviaBtc on April 22, 2020, 04:56:07 AM
Quote from: 20kevin20 on April 21, 2020, 02:48:20 PM
It completely depends on the path we take as soon as the real problems come up. I still believe we haven't entered the worst timeline yet.

I mean, it depends on what the most significant part of traders think - their way of doing economics is going to show the most significant change. If the majority of the market players will have no savings and will need to sell their assets, the market takes a negative turn. It can't really be predicted imo with much accuracy. I'm going to just let it be and whatever happens, I'll be right here shilling BTC 'till the end.


Quote from: vietnamoi.vn on April 21, 2020, 01:56:57 PM
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2. The psychology of fear that if we die by Virus and die, investing in Cryptocurrency will not bring anything when we die
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No offense but this one sounds kinda stupid. We obviously don't bring anything with us upon death.

It is so obvious that this Covid-19 really affect a lot of sector in our country, most especially, the financial or economic sector. Economy of most countries crashed because of the Covid-19 that really increase the demand of those necessities just to survive the quarantine. Market are panicking and government has nothing to do with that but to fight this economical problem.

The crude oil's price also crashes to 0 and this is the first time in the history, I think it occur because of the existence of Covid-19. The virus is really uncontrollable and very complex as it is spreading really fast and killed a lot of people are affected and killed by this pandemic.

BTC is also affected most especially it is them most popular cryptocurrency and many people are using this. It is true that you can't bring and manipulate your BTC when you die, that's why you also need to manage your coins and at the same time taking care of yourself. Bitcoin's price is really having a hard time to grow again because of this virus but I know it will bounce back as soon as this pandemic ends.


Totally Agree. Oil prices crashes because Russia refused to decrease their production so Arabia saudi increase theirs by 3.000.000 barrels daily which saturated the market. Russia did decrease production but the changes will be seen next month. Producers are paying for storage and that's why the price is 0, because of COVID19 and quarentine there is less use of oil and with no vaccine at sight I guess this situation will last.

Investors will panic and banking will be affected so banks will make restrictive politics about withdrawals that will lead people to invest in BTC as It's a non government currency.

This situation should be seen also as an oportunity for BTC, that's my point of view
3  Other / Off-topic / Re: What to do during the lockdown on: April 20, 2020, 06:57:14 PM
Learn about this situation accepting that there will be huge changes, that is not going to end soon, that you should start looking for a way to earn money online and, honestly, keeping high levels of optimism and confidence in ourselves.

Being proactive is almost obligatory
4  Economy / Economics / Re: a disease or a virus or is there business in it? on: April 20, 2020, 06:48:03 PM
Quote from: Harlot on March 18, 2020, 02:38:39 PM
From what I know a pandemic such as this one cannot be monetize by pharmaceutical businesses if they find an antidote. That would violate a lot of international laws which a lot of countries already agreed and the company's CEO might be charged such as crimes against humanity. If they found a cure the best thing the company will get is either a subsidy for their research as well as some compensation for their efforts, they might profit a little but they won't be billionaires because of it as they cannot make this antidote/cure exclusive to the rich, this cure will be everyone's right to receive.

There's always a way to monetize a situation and manage to circumvent the law. WHO said covid19 couldn't be transmitted person-to-person at the beggining of this (protecting china with their new year coming and million dollars in the game from tourism) nowyou see how that end. Then WHO updated their info and actually the virus did spread person-to-person all over the world. Will be santioned? There are proof of a partnership with chinese government? It's not sure right now.


You're right about the cure, even when we talk about a vaccine now more than a cure, but the fact is that this situation can be profitable in many ways without being proved as an illegal deal and without even having a vaccine in sigh yet.
5  Economy / Economics / Re: Capital preservation and investing during and after the COVID19 crisis on: April 20, 2020, 06:25:47 PM
Quote from: fullhdpixel on April 20, 2020, 05:49:46 PM
... So, I always remember to see the opportunities in crashes.

This! I'm completely agree. Also, this situation is not going to end soon and many people with savings can't wait till the raise of bitcoin when all of this ends, at least that the pandemic situation leads to an increase of working-from-home activities globally and with it the demand of bitcoin.causing an increasi in its price, which is a possible escenario but uncertain yet

What I do recomend, As mate said, is to look for the oportunities and those that benefits your current situation. If you need money return in a short period of time, then try to invest in activities that are arising with this situaion in your local comunity, with constant flow.

The profits won't be the highest, but will be constant and by the end of this crisis hopefully you'll be settled 
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