What would the price be if an Economic Crisis occurred?
Bitcoin was launched 2009 and we have not witnessed many economic disasters except that occurred recently when CovID-19 pandemic was announced.
We realized that if there is an Economic Crisis and people lose their jobs, people will buy coins to put food on the table. They will not think about investing but will have enough money to save.
The price increased spectacularly from early 2016 to the end of 2017, the same saw the stock market and S&P500 improve by 50%.
Bitcoin is fluctuates and it depends on those factor that can affect its price. It is very situational and you should know how to read the market because investing in bitcoin is not a 100% profit and safe. Bitcoin can really help you survive this pandemic, it can help you buy your necessities if you experience financial crisis and have nothing to spend. But like what I've said, it depends on the situation, it depends on the market if it is risky to invest on bitcoin or not. The greatest price increase in bitcoin's history was on 2017, but right now, I don't think that this is the season where it will soon happen again. We are really uncertain about that but we should focus on holding bitcoin and at the same time saving and making money out of it. |
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Congratz @The Pharmacist you're not BTM virgin anymore  Coincloud has one of the higher fees btw. @o_e_l_e_o with this issuer the limit is up to $2000 you need a phone number. For anything above (and up to $10k per day) you need to scan your ID. To compare, with Shitcoins.club they can buy up to €10k without ID I envy you @The Pharmacist, i don't know any BTM that exist here in my place, even those urban areas that includes huge establishments doesn't have this BTM. For me, I don't care if the fees are high, the only important thing for me is to experience the convenience of using BTM. Hoping that this BTM should spread more globally so that people who are using bitcoin will not have a hard time to use exchange. This global adoption should be improve more so that even those people who are in a hidden place or province should also access this BTM and know its importance and learn how it works. |
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I can see lot of YouTube streamers are playing valorant game in the recent days which means this game also have some fan base so definitely in future we can see lot of tournaments related to this game which eventually makes more gambling site includes this game into their betting options.
This game has a lot of potential to boom and most of those FPS streamers in Facebook, Youtube, and even in Twitch tried playing it. They are enjoying the game due to due similarities between CS:GO and I knew that it will become one of the best games in the future. I already watched some mini tournaments or local tournaments and those plays are awesome. I want to see those professional players compete with each other in this new game Valorant. RIOT never failed us to release a new game where we can compete with other people within different countries. I played in SEA server and the thrill is there. Hoping that International tournaments regarding this game should be put into place in ESPORTS. If that happens, bettings will also become popular if this game is used in a betting sites. |
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Big war to ban tiktok apps? Applications, not companies, have been banned, is a common occurrence in stats. Without it, there would have been no benefit to vpn.
Indians will continue to use those sites so if you want to fight a service you need to make an alternative to it and make it attractive as investors can benefit from it and develop it.
some Indians had given the app a negative score with less than 3.6. that is big war happen in google play store
With the sudden ban of Tiktok and 59 other apps by India suddenly the downloads would have reduced and surely it would have effected their overall rating as well beacuse of the mounting tension on both side of border . Good thin which has happened is both countries were in talking terms and finally have decided to move back from that area so that peace can prevail back and thing might start to get back on track to some extend . Though the trade war may continue it seems. Not only Tiktok got banned in India, even those mobile games that was developed in China are getting banned too. As China is getting profits from those mobile games using top-up methods, India banned it so that there will be no more transactions that is going to be made between them. Due to their tensions, both countries' citizens are having a hard time to adjust on the banning of social media platforms. But if we focus on the positive side of this issue, you will see that they are really doing their best for their people to much enjoy the things that was made buy their countrymen. They will also patronage their own goods so that their economy will grow together with their own currency, both China and India. |
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What about taxes? If Bitcoin is indeed considered cash, people should only pay the income tax when they get income in BTC, correct? The currently regulations, however, impose additional taxes such as Capital Gains Tax. I can see that low-level news websites already made articles about this information, but it seems that up to now there's only this reddit post you've mentioned as a source. So yeah, probably fake news... And even if the Bank of America wanted to treat cryptos as money, I doubt they are authorized to do so without proper legislation. And only a year ago, they compared cryptos to stocks without allowing purchases of either via their credit cards. I think if this thing is true, bitcoin or other cryptocurrency will have taxes as well, the government will not let this kind of cryptocurrency to exempt from being a non tax. Probably, they will include it to those transactions that they can benefit from. Cryptocurrency is a digital currency that has unpredictable price in the market so most of the people are having a hard time using it in many transactions. If bitcoin and ETH is new to them, as time passes by, they will become used to it but the thing that we need is adoption. It is true that fluctuation can make us unsure and doubt those cryptocurrency like Bitcoin and ETH to regulate into our banks due to the risks. Plus, if this happens, government will do anything just to charge our transactions with taxes that they want to receive from us. No one is exempted from taxes once the government see that you are making money out of it. |
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I do not believe on signals so I do not have trust on it. Relying on signals are so risky for me because you are just following a certain plan and idea of another person. What if what he said is not true then you put big amount of money in that trade and you lose huge money? What will you do? will you rely on signals again? Of course not anymore, it is better to not believe and subscribe in signals and pumps and dumps group.
Signals can be deceiving and can also make you lose your money. You should always be mindful of the market so that you are aware when to buy and sell. Many traders are still not that knowledgeable about signal trading as it is not a 100% profit when you do it. Trading signals can also be fake and can cause you huge losses in the market. People can learn those things so that they will avoid relying on those signals, but manual technical analysis is really much better among other strategies to know when to buy and sell assets. As long as you are working so hard to learn more in trading, you will see that technical analysis is the most effective thing to do before making strategies and plans in your future transactions. |
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People are still afraid to adopt cryptocurrency because it is not supported by many government and there's no legal law that protects the user of cryptocurrency. There's a war between these two and we all heard many countries banned bitcoin so many times but we are still lucky that we are still here and still trying to convince many government to make bitcoin and cryptocurrency legal.
Cryptocurrency can save the economy by providing good services that can make businesses more effective and efficient, it can also create jobs, and since many cryptohodlers will benefit by this, they tend to spend more which can save the economy. We just need to have the support of the government and we will surely go up and surpass many financial instruments.
Governments are afraid of the use of bitcoin because they think bitcoin is always being use for illegal activities such as money laundering, scam projects, Ponzi scheme, etc. But the truth is the use of cryptocurrencies has a lot of benefits to a country's economy that it could lessen unemployed people, it could help business and big companies to make fast transactions, and it could prevent massive virus cases without making physical contact to other people when going to the groceries. That's what the government fears if the use of bitcoin is legalized so I'm sure money laundering and other crimes will increase because bitcoin has been legalized so of course there will be lots of bad people who do this so it needs to be reviewed for the government for real bitcoin users. I know that the economy is developing with bitcoin, but in terms of price it is still not certain because of fluctuations at any time so that this investment can be beneficial and bad when a crash occurs. There are a lot of factors that they need to consider before the government allow the use of cryptocurrency in the market. We don't know maybe the government is scared to see those scammers or hackers to do crimes in the community and economy because it is a hassle thing for them to catch those criminals, that's why they still not finalize the regulation of cryptocurrency. Government are still not that knowledgeable about the advantages of bitcoin in the market and economy, they are not spending time to study it because we lack of support and promotion from other bitcoin users. But as we engage in a more advancement of technology, government should try to explore blockchain and cryptocurrency to achieve development. |
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As soon as possible don't commit any crime because it can make your assets and money to become wasted. As police aren't able to take his private keys, still the opportunity for him to handle his assets with freedom will also become useless. Criminals are unlucky if they get caught by the authorities that's why they are very careful.
Also one of the reason they are continuing to commit a crime is because there's no law that can take their assets away from them. They will just wait for the time where they can be free again and still commit crime after that. If police seize bitcoin from criminals then, maybe, governments will become rich enough because of the bitcoin's value.
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Do not waste your time by learning anything related to freelancing.
This statement can degrade those people who are doing freelancing just to earn profit using their hobbies and skills. It can make them become discouraged in continuing those things that can make them have something in their plate. All jobs are honorable even freelancing as long as you are not violating laws, or as long as you are not ruining other people's lives. Instead learn something about trading.
There are also people who do part-time trading, and not a full-time trading, and it depends on them. So what's the difference between part-time trading and freelancing? It is a matter of fact that they are both good as a source of profit or income. If you are good at trading then do it, if you are good at freelancing then also do it. |
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More recently though, the idea of wearing medical grade face coverings after the pandemic is over could be a choice a lot of people will be able to make. Non medical grade stuff, I imagine, will have little effect on anything.
This topic can enlighten people on what are the disease that are still active besides Covid-19. This will help us understand the Covid-19 is not the only disease that we should take care of. But still the chances of getting that other diseases is still small compared to how fast this pandemic is growing. So we should not become anxious about that. It is a people's choice if he or she will protect himself from that various diseases using those medical grade stuff when he go outside. But just like what I've said, it depends on your surroundings and how fast the rate of transmission is. Also remember to always wash your hands when you got home and always bring alcohol to disinfect your hands and things. |
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Thanks for sharing, it's a really interesting story, and it's very eye-opening. Even if we theoretically discuss how Bitcoin can help the unbanked, most of use here won't ever experience anything like what this guy did. And to me it's an example that even if Bitcoin doesn't reach mass adoption or is too volatile to be a store of value, there's still a lot of practical uses for it for at least some people, and in that Bitcoin is truly irreplaceable.
I love reading stories like this because it always made me inspired on what I do everyday, this means so much to me. It is really hard to become a refugee because I know someone who struggled so hard to travel many countries just to become safe from those battlefields in their country. No one wants to become a refugee, but it is good for him that he is really courageous when it comes to this kind of trials in his life. He is lucky enough to know bitcoin because there are a lot of people who aren't given an opportunity to invest in bitcoin. We all know that bitcoin is convenient and can help you whenever you need it. But if you're a refugee, you should know if your destination accepts the use of cryptocurrency so that it is worth it. |
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I used Binance for 3 years and the greatest feature that I liked in using it is its security and safety to prevent hackers from entering the system. Also Binance is good for beginners due to easy to understand interface and good quality of trading. Reputation is also good based on the reviews and I asked my friends on what is their observation about this trading platform and all of their feedback are fine and positive. But there's no such thing as a perfect trading platform and that is not existing in a real world. All of those trading platform has flaws, and it depends on them if they will fix those issues immediately and how they respond on those error so that customers will not feel any bad experience in using their trading platform. Binance is really a good platform for those people who want to learn and grow in trading.
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Probably, those corrupt politicians are really benefiting this pandemic as they have the power to manipulate the government's budget for this pandemic. A responsible government is really what we need for us to become the biggest winner amidst this pandemic. Once we have a good governance, we can really overcome this economic crisis that we are experiencing.
We can't deny that we, humans, are also the reason why the cases of this Covid-19 is still increasing due to our undisciplined behavior because even those authorities are violating the law that is implemented regarding this pandemic. Our government is disorganized, so how can we achieve the success towards this pandemic if we have an abrupt justice system.
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Keep an eye out of this platforms that offers bitcoin exchange source code especially if you do not have a deep background or extensive technical knowledge on this matter since building a cryptocurrency exchange is not as simple as we might think.
Building an exchange should be done deliberately and having the control of people's money, and being the intermediary of their trades needs a well-educated technical team behind a complex project. Secondly, it is a no-brainer that opening an exchange also needs to consider the legal implications as it will serve as the protection for people who uses the platform especially if the source code you will be using is not originally created by you.
In fact, people with no programming background should not use an open source code of a bitcoin exchange because of the possibility that it might have a backdoor written on it which can cause a catastrophic failure of funds being lost.
Investing in a bitcoin exchange should be studied first before you do some actions regarding this. In making an exchange, you need to have a huge budget because it is not a cheap investment than you think. There are a lot of things to consider before you do it, the market, the people, the prices, and etc. But if you really want to create one, you should hire someone that is knowledgeable about programming, the market, or people who are professional when it comes to this platforms. And that will be included to your expenses, earning reputation is easy once you are giving good service to your customers but still you need to take care of their money because that's your priority to prevent bad reputation. |
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PS: if any newbies would like to use this guy as a medium to trade, I suggest not. Not saying that this guy is bad, but since he's trading using his friends' funds, there's nothing wrong with that since they know each other irl, but for those in the forum, you could only be said as internet friends, which is really just a friendly saying of strangers.
But don't lose the opportunity for you to grow in trading as you are just relying on other people. My point here is that, you should be responsible about your assets as you are the one who earned that. I'm not against the OP, but are you thinking of the possibilities? It's okay if someone is so busy that he can't pay attention or don't have time for him to control his assets, that's understandable. But if you have that opportunity to learn trading, grab it! Just like what you've said, if they are friends in real life, that's okay. But still friends can betray you, we never know, it depends on the situation if you really trust someone to handle and trade your assets. |
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That's not easy to do as people are still not that knowledgeable about the cashless transactions. They are still into the use of traditional payment method that requires paper money to process. If banks will do that immediately, it will just cause struggle or disagreement between the government and its people.
It is not necessary needed for a long term run, maybe during this pandemic it is effective but still people will look forward on using paper money because some of them are surely feel secured when they are using cash on hand. Think about the possibilities when you phase out physical cash and we are only relying on the use of digital currencies.
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That will be so nice to see such a great numbers of Bitcoin ATMs because it will make more convenience specially for those who are into using Bitcoin. Sadly, the reality is that most numbers of those Bitcoin ATMs are located in the US so other countries still do not have an access to the said ATM. But I am looking forward to see that almost all countries will be having the presence of Bitcoin ATMs because for sure it will boost the usage of Bitcoin as well as encourage other people to use Bitcoin and learn more about. What the important thing that must be considered first is that if people on the place have adapted on using Bitcoin because there is no such sense placing Bitcoin ATM where no one wants to use it or have not yet adapted or learned to use and acquire Bitcoin. But all in all, having such number of Bitcoin ATMs is really a great step for the adaptation of Bitcoin usage and making more convenience specially for doing transactions related to Bitcoin.
But before that, the government's should understand first how bitcoin works and how it help their economy to grow. Most of the countries are still not legalizing the use of cryptocurrency in their country, maybe due to the scams or hacks that are being reported in the news. We as a bitcoin user should help them know the reality about the advantages of bitcoin in our daily lives. Just like this bitcoin ATMs, this will give a less hassle to us to withdraw our money. I know that, it is not easy to do that due to the pandemic that we are experiencing right now and some services are postponed. But i'm really hoping for more adoption and more bitcoin ATMs around the world so that people will see how this bitcoin moves and grow globally. |
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4. Coinbase Coinbase is the first pioneer to provide cryptocurrency trading services, it's main business direction is to comply with local regulatory regulations. By that means, Coinbase successfully gain the European, American, and Asian markets, even Japan,well known for it's strict regulations on cryptocurrencies, allows Coinbase to enter its market. Coinbase supports less cryptocurrencies than other exchanges, there are only about 60 options available for investment, and the average daily trading volume can reach 300 million US dollars. Coinbase also have cooperated with Visa to launch Coinbase Card, which can be added to Goole Pay, can use cryptocurrency to purchase daily necessities in 14 European countries, including the United Kingdom,which also shows that its security has been recognized by Google. At the same time, Coinbase also has a remarkable performance in the blockchain. In February this year, it was selected as the Fortune 50 blockchain. Others included in the list include Microsoft, Apple, Amazon, IBM, Microsoft, etc. Forbes' list of top 50 blockchains: https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/?fbclid=IwAR1_YM8HiG6iVUwr8rstgcOpc2m5ZTtACaefV7iDLrqLxNhlRCrLlV54M44#14e656817553Coinbase's official website: https://www.coinbase.com/- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Coinbase is one of those trusted exchange that most of the people are using including me. I used Coinbase for 2 years and it really suits my type as I prefer its features than other exchanges. Due to its reputation and service to its customers, I try to tell it to my friends and they also use this platform to buy and sell bitcoin. It is user-friendly and efficient to use that's why its customers or those people who are accessing this exchange is increasing. But there's no such thing as a perfect and ideal exchange that has no flaws or issues. According to other people, there's a time where Coinbase is very slow in fixing their issues in their platforms and it takes a lot of time for them to troubleshoot their errors. But most of the exchanges have their own issues and that's normal for a certain platform to have that. |
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all governments carry out the work of handling this pandemic in each country by means of different strategies, there are countries that are not too severe and some are severely affected by covid-19.of course the government has various ways to anticipate this pandemic so that the state cycle is not too severe and not too heavy because of this pandemic....?
That's their duty and responsibility during this pandemic, that's why even if they try to serve us there are still governments who are not good at handling this pandemic. It is true that most of us are really not that knowledgeable on how our governments deal with the economy and community. There is no such thing as a perfect government but I'm still hoping that they will focus on this pandemic and not on the other issues in their country. Having a responsible and not corrupt government is a blessing to its people. Those government who are prioritizing the economy and as well as allocating the proper budget to support its people to survive this pandemic amidst of this quarantine. |
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That would be a very good idea, as of the moment there's no documentation that could be a reference in cryptocurrency industry. Bitcoin have a lot of potential and I think there will come a time that cryptocurrency eill be utilized widely.
Even if you are already using bitcoin, there's something more that you need to know about the use and importance of it in our lives. And also this thesis will be the way for us to find that out. Researches can help us deeply understand how bitcoin works and how it can affect our daily lives because probably bitcoin is not only a source of profit, it can also a payment tool, asset, store of value and etc. So maybe this thesis can seek more information on how we will deal with bitcoin for more than a year or in the future. This will help us to understand why bitcoin exists and why is it very important to all of us to try to invest to it. |
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