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The coronavirus does not too much effect to the market price of the bitcoin because once you check the background is the graph is bitcoin it is worst from the previous year because on the year of 2019 the market price of the bitcoin on the exact date today is holding into almost 5k dollars and compare today that is already 6.6k dollars but it is slowly increasing day by day and many people say that the price is the bitcoin is low because of the corona because some of the people made a panic selling and buying a lot of food, mask and more just to protect themselves and family.
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If you think that you are unlikiest person you are wrong because you are not the only one who invest during 2017 because they have a lot of people who invested more than hundred thousands upto millions dollars and they losing a lot of money when 2018 came.
They still investors who hold their coin because they want to get back what they lost but they have already give up because they are scared to lose more.
I salute to all investors who are brave enough to hold the coin even they losing a lot of money because they did not panic selling and I hope they will get a good return for waiting so long.
He is not the only one having bad luck into the investment of the bitcoin from the previous years because there are a lot of investors taking risk their money to make more income with the help of it. But still as a user, trader and investor of a currency to we need to make sure we have enough knowledge and skills to do this kind of risk but still, no one can make it over and conquer the market volatile because it depends on the people how does it will run, but sometimes market graph shows a sign what are the possible happens on the market price and also we can focus on it to be more aware. |
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This is a continuing adoption, before when we are still out of the radar by the government, it's already use as a currency for online transaction but now it's been use everywhere especially in gambling transactions, of course Bitcoin will not be like the fiat that we are using, but it's a good alternative.
Today online transaction is one of the best options because there is still an outbreak spreading right now in the world and one of the rules they release is having a lockdown to their places and the result is the people makes a panic buying and not getting at their houses because they are prone to be infected also it is good too if we are trying to adopt the use of the cryptocurrency or online transaction because it is more efficient, safe and secure than going outside and risk our health to the virus spreading. |
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Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
Even you are stating they want to avoid getting panic selling still they do because today while there is a pandemic outbreak many people will focus to their selves and family because they need to survive there are many people getting panic selling of foods, mask, alcohols, and more to prevent the virus attach on them also there are some places having a lockdown so they need to have a stock and enough to survive for over a month also we cannot tell until the virus still alive even there is a survivor many people still die because of this outbreak and it is better to save your selves than doubting to hold our money. |
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How can we help right now? If thete would be some fundraising that will happen in this forum that may help the community then let me know in order for me to help also for those person that are rally in need.
I also want to help my fellow people in order for them to have some goods also that may able to last them until the virus will ends. I hope everyone is doing good and staying at home so that there will be lessen the number of infected on the country that you guys are belong.
A good thing to do for now is to stay at home, remind your family to keep your house clean, your body and your thoughts. Don't panic and pray for healing for the victims of COVID-19 also for everything to be back to normal. Helping others especially the poor people would be a nice move but how? You can lead a charity or fundraising with the help of your friends and family. Donate some food like can goods, water, and noodles or even just donate directly to your government so that they will be the one to allocate your donations and it's a good thing you don't have to go outside. Sadly, the virus is still rapidly spreading which result to hundreds or even thousands of people being affected. Everyday the number of cases is increasing so better stay at home, understand and listen to the government's advisories so that everyone of us is updated. Also, if you want to donate some btc, do it don't hesitate it would be a big help to others. Today there are a lot of people making projects about the cryptocurrency and fighting the coronavirus and many people today make fundraising and it is only to those people who have time to do it and capable to make more time to help other people still it is a good project helping towards to the people getting affected by the virus also we can send funds to them through online and if you are still doubting it is better if you make a research about the projects first and also if you do not have the capability to help them it is better to stay at your home and keep safe against the virus health is more important than money because you cannot bring does when you dead hoping to keep safe guys. |
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BTC is the most transparent payment network in the world, similarly it can provide acceptable levels of privacy when used correctly. Remember that it is our responsibility in order to protect privacy, BTC address should be used only once and the user need to be very careful and they should not disclose their address to anyone..
We all know that the bitcoin transaction is one of the fastest and secured transaction for all time and that is the reason why many people prefer this kind of payment because sometimes it does not need to have KYC or more verification about your identity sometimes they need because they make sure all of the transactions are legal and they can monitor which is the user send and received the payment also we are looking forward this is the future transaction method. Also, we can secure our money and coins to have a safe and secured device too because even the transaction is hard to access by the hackers by the device are not safe it is useless because they can easily access to your accounts and information. |
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I think the decline is the right time to buy, yes some people do that with the belief that the market will be better in the future. But remember, we cannot buy without research results.
People should always check the price charts. With the price dumps, obviously people would be taking that for granted and obviously, people would be checking first the chart for some indicators using some strategies like a candlestick. Always remember that doesn't mean the price dumps, you will be buying immediately since we never know what might happen, it might just be the start of the dump. To the people bought a lot of coins when the market price of the bitcoin is too low it is a huge loss and now they need to hold too much coin because of that but to the people who already bought a lot of coins to the lowest market price of the coin, it is a huge income because from the lowest price of 3.9k dollars it is already stable in 6k dollars and this is a good income too because you can get almost 10 dollars profit by that if you invest. Now it is not too late because still the price of the bitcoin is too low and you can now buy a lot of coins as much as possible because the halving is coming and there is a chance that the price of the bitcoin will be coming back into 10k dollars profit so we don't need to waste some time to make more earnings and grab this opportunity to make a profit. |
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I think the problem with people nowadays is that they are too paranoid about government authorities getting emergency powers even if it's approved by their Congress or allowed in their Constitution . I don't know if that is the result of getting used to so much democracy. I think the emergency powers granted in times of crisis like COVID-19 has some restrictions to avoid authorities from abusing it.
While it is still early it is better to follow the rules and law of the government about the spreading of the virus because most of the people today are now staying at their homes and already bought a lot of foods and things they need like the mask and alcohol because the outbreak are still exists and also we are looking forward to the front and backlines that will still protect the economy on and also as a person it is better to stay at home enjoy with your family because of this and if you have a family member on the frontline always love them because we can tell until the virus are still gone. |
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As you've said the Corona Virus is affecting the global economy and we have seen a huge price crash this month when it was spreading through different countries.
I think we are done on the panic selling phase and it is now being stable the price has been around $6K for awhile and there are some who believes that it would continue to go up after the huge crash but I think that it wouldn't really happen right now.
We are facing a huge crisis because of this corona virus no one is safe unless they found a cure and start distributing it.
Yes, could that be because most of the users of the bitcoin today and investors they pull out their funds because they don't want to lose more on their funds and some of that investment is a loss because there are a lot of people make an investment on the 8k dollars and the price rapidly falls 5k dollars and this is good instead they pull it out too they need to hold those coins to save and wait for the coin becomes profitable again, to the people made earlier withdrawal use those funds to buy all the things they need like the food, mask and other stocks they can provide to their family and selves because some of the places today make a lockdown to prevent and avoid the people getting outside and becomes infected. Also, it is better to follow the rules today to avoid getting worst and we can now bring back the market price to normal. |
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It might really be an indirect effect to the market value of cryptos. Actually, it is still blurry for me. There are times wherein I do agree with the hearsays that it is corona virus which mainly affected the market condition at this moment. And by reading other people's opinion, there is really a possibility that the crash recently is due to panic with regards to the problem and not the virus itself.
It is an indirect effect of the virus until it got severe in some major countries that builds up the crypto space like China, again I would like to use the word 'underestimate' since we did not thought of it before and getting prepare for the next year coz all we did is wishing that 2020 will going to be a great year for all of us. The decline is merely due to panic that most people have felt when things are getting out of hand especially in epicenter, China but now the new is Italy. Some of us don't believe that the virus impacted the decline, coz there is no data because of decentralized but again the virus has the most possible reason why we are experiencing these things right now. The market price of the bitcoin drops because of the outbreak happens in the world and this is not quite good because many investors made an investment while the market price is too high that is almost 9k dollars and now it is immediately down into 3.9k dollars and that is lost so it is better to hold your coins until the issue of the virus are still on the top and also it is better to keep safe into your houses to prevent spreading the outbreak too also the market price of the bitcoin always declined by the trader but still we need to support this if we make some changes. |
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*mindless rambling*
You're still missing the point. The network continues to function. Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments. If I want to support an organisation like wikileaks, I am free to do that. You will only be making payments that your bank permit you to make. I have my freedom. You don't. If you want to scaremonger about the price of freedom, go ahead. Have fun being a frightened little prisoner who doesn't control their own wealth. The market price of the bitcoin today is rapidly falling down and this is a huge impact to the people some of them made an investment when the market price drops immediately and this may give frustration and more to the people because it is a huge lose and they need to hold their coins to avoid getting loss of income, we cannot assure when is the market price fall or rise because the market is volatile and we cannot make any changes on it only the people who have the power like the whales can control the market changes still we want to make an investment at the first place we need to accept the risk, but if you are not confident enough it is better to hold back for a while and make a lot of research or background study about the thing you want to be included. |
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If you invest in Bitcoin, make sure that the money used is not going to be needed any time. If possible, it should be your extra savings. Otherwise, you might be forced to give your Bitcoin up for a lower price. Of course, long term investment is more preferable but then there is still no guarantee that everything will unfold smoothly. 2-3 years may be a nice investment term but then unforeseen circumstances may suddenly arise that would cause a terrible performance of the market. We should have realized that by now.
Today the market price of the bitcoin fall immediately because of the virus spreading and it hits hard to all of the trading transactions, it is good to make the investment because one of the lower prices of the bitcoin fall for over 3.9k dollars and this is good for investment that in the next coming months you will not get a huge income because the halving is coming too so there is a chance it can be double or triple your investment just wait the right time also don't get easily scared about the market price because it is stable today for over 6-7k this time there is a pending process to make it goes up after the virus has a cure and lessen the victims. |
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OK, this topic is starting to look like a bad idea. Everyone is just typing "I voted for this and that" and there is no normal discussion  That's how some of the threads goes here in the gambling discussion. Sometimes it takes a few days for discussions to go through. I wish it would be at least late of Q2 or in Q3 of this year .
I think if this continue some country might fall or be hard to survive.
Depends, it's already looking good on the side of China so things could turn out for the better in the near future for other countries. And we're seeing some improvements as the difference between the number of new cases this day and yesterday was at least a thousand. Today there are a lot of people getting well and this is the a good news and it is better if the virus today are not spreading and make a cure immediately because there are a lot of people still getting infected even there some people getting cured immediately also there is another news again that there is another virus spreading came from the rats, and this is bad if this will be true there are two virus spreading and infect people and there is no cure. Still we need to trust the front liners and the backliners to support and make a cure immediately. |
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Gambling is mostly about negative experience, because the chances of winning is always lower than the chances of losing, therefore I'm not surprised, to be honest. In this time of crisis, money is even more important to buy foods and groceries so that we'll be able to survive without exposing ourselves outside working or whatever we're doing until the virus will be fully managed.
This is not the time for us to think about gambling, instead we should be practical first and think about our future, because what if we lost the money we saved for 1 month lockdown because of the virus? we would die starving if not because of the virus, it is our choice, so we have to make it count.
Most of the time gambling gives me an undesired mood because every time I made a decision and lose my profit or income it is full of regret that I made a single mistake that causes my money to lose and gone immediately and that is not quite good because it really affects on our mental health because being stressful to things can give us damage to our body that we did not expect like having a heart attack and difficult sleep because of getting depressed about the gambling and it is too hard to forget because of most of the time while we are lonely and deeply thinking sometimes we remember our mistakes. |
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If most of the people don't have money anymore because no more work, it could also affect their gambling life, no money, possibly can't deposit and play online.
Definitely, it would be so stupid to still gamble if we are having a problem with our income these days. Our focus now is to prevent getting infected and to survive while staying at home, gambling has to be eliminated as part of our activity as we are not anymore illegible to gamble since we will break the principle of "gamble what you can afford to lose".. we can't afford to lose money at this time. There are a lot of people today does not go into the gambling places like the casino because we need to have a social didtancing because we are avoiding the spreading of the virus, also there is an alternative way to play gambling because today we have now an online platform to play more gambling games by that you can enjoy while you are in your house and take a rest also you can be confident on playing without pressure because you are confident and compatible to play, also you can make an advantage because you can make a research about the things you can do while in the game because it takes time before they ask the question to you again for your deals. |
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Social distancing is seriously implemented globally (I hope others take it seriously) to help not to spread the virus anymore. This may a reason that casinos have to temporarily do this pause in business operation. And think there is no need to carry things like this cause in the first place, they are not allowed to bring it in even a certain casino is open to the public.
If we want to help not to spread the virus, we better keep ourselves at home and not going to the casino. We have another option if we want to gamble, why not to visit online gambling where you can gambler even though we are at home.
Having the spreading of the virus today it is better if we stay away for a while to crowded places and it is better if we keep following the social distancing to avoid the virus to make it rapidly spread. It is not a better idea if we go outside while the virus is still on and one of the good things we can do is gambling through online and it is faster and efficient less hassle to just you need to do is play and relax on your home, still it is better if we have proper hygiene when we are on our home and keep safe and avoid getting exposed outside. |
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i think this is the best time to teach people about bitcoin and get some potential new investor or holder in the future
but the big question is HOW?
I understand your goal here but I don't think this is the best time. People are now focussing on how they would be safe in their houses. At these times, people would be investing their fiats into essentials, to things their family needed to be safe and be free from the contamination of the virus. I would be happy to teach people about Bitcoin if they ask me but I think it is the wrong time to teach people right now. They are scared, they are thinking about the safety of their families and I guess we should too. It is very enjoyable to teach bitcoin, most especially to those young one's. They can be enlightened in a young age on how to be a business minded person because as soon as they grow, they can be familiarized on what is happening in the market. Also bitcoin is always updated they will never had a hard time to understand it as long as they want to continuously grow. My cousin was already prepared when I give him some idea on what to do in crypto, he already read a lot of information when I asked him if he want to grow in life and be stable. I believe that youths are the future of cryptocurrency, we need to keep in their mind that crypto is the hope of all of the economy. Bitcoin will surely give them a variety of lessons about life and how to handle circumstances without really affecting your mental health. Today it is a good opportunity to teach the use of bitcoin to the other people because we have a virus rapidly spreading today and one of the rules is the social distancing and avoid other physical contacts with other people and the virus today can stay now to the tangible things like the physical money so one of the good for the bitcoin today is the online payment also it is faster and secured they don't need to go outside just to pay their bills. There are a lot of people today teaching the use of cryptocurrency especially bitcoin because it is good for businesses too they can now make earning without capital or they can make the investment if they want too the only thing they need is the knowledge how do they does handle the situation to make more earnings with the help of it. |
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What does the "take a shot" mean?
Well, it's probably not gambling if the risk involved is little. Wish I know what the "take a shot" means to understand this whole post properly and give a reasonable response.
"Take a shot" implies that the loser has to drink vodka, whiskey etc. It is a drinking game basically. I prefer gambling with clothes in comparison(Boys and girls involved). This basically kicks things up a notch. Gambling between family can be considered as safe gambling or real gamble because we are not going to spend too much money but we are going to get more fun compared to real life casinos.
Gambling with family members is not always safe in my opinion since it could lead to unnecessary fights and I am speaking from experience. I witnessed fights between family members due to the money aspect. As this quarantine is making us homesick, we tend to play jenga and the loser will do a certain number of pushups. I'm very good at playing jenga and my family member is not that good in board games, so I dominated them everytime we play. I do pushups regularly so being a loser and be punished is favorable in me. Playing board games with your family and having consequences for the losers is also considered as gambling for me because you also need to take a risk. You need to make a strategic plan, be skilled, and think critically in order for you to win the game. However, the pushup punishment will help them to become fit and increase their muscular strength. Today we have a worldwide quarantine that all of the countries made a lockdown so they are trying to avoid the spreading of the virus rapidly and this is a good thing even we want to have some gambling and even there is an internet connection just to play online gambling why not having fun with our family and play some games that are related too to the gambling games we are looking for and those are win win situation that you enjoy the game that you want to gamble at the same time you have bonding to your family. Also, it is good to introduce to them a new game that can help their critical and strategic mind about the things you've learned by just playing gambling. |
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Virus make market down and keep lower price more than one month, after China announce their corona virus problem to the world bitcoin and altcoin have down drastically and make many people panic for selling assets with lower and cheap price, now we must ready bad planning if Corona virus can't stop.
The virus spreading does not help a lot to the market for over the world because today they are avoiding to have transportation because we are now avoiding having physical contact with the things we can touch. Also, the world of crypto currency falls down because there are some people converted their money into fiat currency just to avoid having the lack of sources to survive the outbreak still we are looking forward to make more earning while the virus is spreading because some of the people today accept the use of crypto or the digital currency as payment because it is faster and secured also they don't need to go outside because some of the places today made a lockdown to avoid people being infected. |
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Just like how a sudden jump in price encounters a rebound, a sudden drop would naturally come as well. Especially since traders are bound to realize. Realize that the cause of their suddenly sell off to the market is just "panic". A baseless reason to suddenly lose profit off, and once they see that the market has well, entered such a low point that profit can easily be seen, then they'd probably start entering, most if not all of them. Sadly, we are still in that state of "panic" so we can't really hit it off with the market right now.
From the previous weeks there is an expected outbreak happens to the world and this is the outbreak spreading rapidly and becomes pandemic in just a single week and this is the coronavirus or the NCov19 by this kind of virus many people hold their money and some of them goes to the other places just to avoid the spreading of virus and this time it causes too much damage and impacts to the stock market also to the Asia because this is the one of the frequently having trading and transaction for a time they avoid having transaction of import and export just to avoid spreading the virus and avoid the physical infection with the transferring of kinds of stuff. Still, we are hoping to bring back the market to normal and become profitable again. |
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