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1  Alternate cryptocurrencies / Altcoin Discussion / Gold or Bitcoin on: September 09, 2020, 08:55:21 PM
Let's say I have a huge amount of money as an investor, where do I put them? Bitcoin or Gold

We all know that gold is known for its stability which could be vital in times of financial crisis; but doesn't exactly bring good return  WHILE Bitcoin on the other hand can be quite profitable  but it's risk of negative volatility can be catastrophic!


So which has your vote? Gold or Bitcoin!!!!
2  Alternate cryptocurrencies / Altcoin Discussion / European Crypto Exchange Hacked For 5 million dollars 😱😰😢😢 on: September 09, 2020, 08:26:22 PM
It was announced on Twitter and telegram that six hot wallets on the European crypto exchange 'Etherbase" has recently been hacked. The etherbase which was designed to exchange Eth, Tron, BTC and other cryptos have been compromised and Over 5 million USD worth of cryptocurrency have been withdrawn from hot wallets
3  Bitcoin / Bitcoin Discussion / COVID-19 - Is Bitcoin still our sole safe haven at periods of economic crisis? on: April 25, 2020, 10:08:40 PM
The most recent fall of Bitcoin was as seen as result of the outbreak of coronavirus. During this period bitcoin experienced a major decline in one day where the price fell from $7600 to $5300 in a day. And further moves down to $4,000 in a moment along with the United States Stock market.  This price fluctuation in price is the major reason investors do not see cryptocurrencies as a safe haven anymore. Bitcoin has only existed for 5 years while other assets such as Gold has been existing for about 5000 years. Gold is often sighted as having negative correlation with stocks and a positive correlation with inflation,  thus serving as execlent diversifying asset to hold in portfolios even at moments of global economic decline.
Also,  the price of Gold seems to be doing well hitting  $1700 and may even experience  a further increase.

This, isn't it  a bit too early to consider bitcoin as our safe haven?

What do you guys think?


If you like this post, be sure to drop me some merits! 😇
Thanks.
4  Economy / Speculation / COVID-19 - The major reason for the current fall of Bitcoin on: March 25, 2020, 07:51:56 PM
In this period of global pandemic,  the crypto world has taken various turns with respect to spred of the virus. But with an overall fall in price. A lot of individuals have clams that this fall is not as a result of the COVID-19 virus,  but it's so obvious that the Pandemic has a played a great role in this fall.

At the beginning of the year,  bitcoin has a worth of approximately  $9500, which is an optimal price compared to it's price today of
$6,647.47.  It can be concluded that Bitcoin has experienced a drastic fall and the Coronavirus is a major reason for it.

Following the fall in the US market stock which is equivalent to Its gain this year; thus erasing the gain, bitcoin has also taken thesame turn.

The major reason for this fall is fear. When fear enters the market,  it  creates panic and  people then to liquidate their money to a fiat funds that they can easily acess for their survival,  resulting to dumping and hence,  a fall in price.


What other reason do you think accounts for the fall of bitcoin at this point in time,
Want to hear your point Of view.
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