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Unfortunately yes, I guess this widespread dip in the market will definitely continue in the next period due to the panic sell and other reasons related to Corona Virus and the social media impact. Furthermore, maybe this the appropriate time in order to buy Bitcoin and Ethereum, and we should just need to hold our amounts because it is certain that after few weeks Bitcoin and the whole market will back to the rise.
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
Well, let me explain an important fact, the social media is the one who gives a big value to this CoronaVirus, they are unfortunately spreading the panic in the entire world, so the media does have a negative affect on all the fields. In additon to that, we can't expect what is going to happen if this virus does not exist, possibly China will stay attacking Bitcoin and possibly not. It is impossible in my opinion to give an accurate prediction. |
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As the crypto community become smart, scammers are not just sitting there. They are making new plans to scam people. Recently a smart scam idea they whelp and that is youtube live streaming! Lots of people are falling those scams even one of my crypto mentors shared that link to participate!
Scammers are hacking youtube channels which have at least 10K subscribers to 80K! Then they collect some famous crypto meetup or interview videos! Later they make live streaming with that downloaded video, and announce a giveaway of 100K BTC or 100K ETH, BCH, XRP and so on! Can you imagine how smart this shit idea is? However, at the corner or left side of that live streaming they add a live transaction banner where you can see that if you send 1 Ethereum, you will get 5 or 10 Ethereum instantly!
If you ever fall in that trap means you are done, you fall in the scam and lost your money forever! Guys, be aware, always check a coin's official twitter handle to verify every giveaway! Don't fall in the scam, let scammers cry and die!
Well, that was really alarming if that is the case we currently have right now because imagine one of the biggest social media platform which is YouTube wherein most of the advertisement about cryptocurrency project is being held and promoted was also been carried out by the hackers out there to brought up larger audience for more people to get scammed. Based on what you have mentioned even such thing is happening right now, if you are already stayed that long in crypto industry, you will not fall for such schemes of giving out such a massive amount of Bitcoin or Ethereum in exchange for giving out a single one and making it into double because that was just impossible to happen due to the reason that how can they make it possible doubling your Bitcoin or Ethereum? Where will they get such funds and be giving it out to a large audience? Well, we cannot blame people that still believes into that because hackers are really targeting into our temptation to easily get caught into such promises that can never be granted. If the hackers are getting smarter, then we must be getting wiser and getting more careful to get rid of those scams. I am pretty agree with you, the scammers are getting smarter due to some tricks have become known in public and now they are trying to hack or scam people through some different ways, that's why we need to be careful always, just do not share your wallet key to anyone and stay away from getting free tokens ..ect. Plus, we can reduce the scammers rate when we report them in this forum and other ways. |
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Why all of this precision( $9678 )? that's weird, and of course Bitcoin can easily reach $ 9k in the near future now the current price is under $8K due to the affect of Corona virus on the whole market and even the world economy. Otheriwse, I guess Bitcoin's price will rise significatly after few weeks, possibly it will reach $ 11K in next month, because I don't really thing that during this month we are not going to see a good progress in Bitcoin.
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Not yet, the current situation of Bitcoin is really complicated, due too many governments cannot accept the digital currencies and remember the world economy is based on FIAT. In addition to that, I thought that Corona virus did not have any affect on Bitcoin but to be honest I changed my mind , now the dip is still continued beause of the negative impact of Coronavirus and unfortunately, we have no idea when this crisis is going to end.
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Acutally, I think it is not possible to rent a car with Bitcoin payment or crypto in general. Furthermore, it is not going to be allowed in the near future I would guess due to a lot of governments are still rejecting the era of crypto. Possibly everything will change positively in a long term maybe after few years. For me, I would like to use Bitcoin and even other crypto especially when I don't have cash .
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These sudden massive fluctuations in the stock market prices will cause what type of long term effect?
Since many factories in China do not work, prices for raw materials, including oil, are falling. Therefore, the volume of trade between countries is also reduced. Because of this, companies incur losses and the Dow index also falls. In addition to that, it is certain that China's financial crisis has a negative impact on the global economy, but it has a positive effect on other things for examples the price of oil is now below $ 60/barrel due to China was the biggest consumer of oil before Coronavirus. Otherwise, possibly this current decline in the market may not has been caused by the impact of the Corona virus. To be honest, Bitcoin is facing a lot obstacles and unfortunately, some governments are still trying to crash the era of crypto. |
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When a coin listed on BitHumb exchange , then it does not mean that this crypto is profitable. But to be honest, VSYS has an acceptable characteristics like, the value of market cap volume and even the low price. Keep your eyes on this currency, but don't take the risk, try to buy just a medium amount maybe $ 50 is pretty okay at a start but be careful, the hastiness and greedness may affect negatively on your financial income.
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Besides, that's how it is here in crypto, big risk = big reward, so good luck.
But taking the risk without a strategy is not a good option. it is better to stay from the trash altcoins and their fake charts, they always want to attract traders through pumping their coins when Bitcoin in a crisis, I really advise the traders to take the risk on some coins who has a good potentials, try to pick the ones who existed on TOP 20 or even 30 like, Tron, Cardano..ect |
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Look up Dollar Cost Averaging (DCA) and don't make the same mistake in trying to time the market ever again.
Does dollar have things in common with bitcoin ? Talking about the real sense of the reality. For example, when dollar rises in value, will it have any corresponding influence on bitcoin ?. That is a misunderstanding, I don't think that there is a similarity between Dollars and Bitcoin, people think that the current crisis of world economy due to Coronavirus is the reason for this widesptead dip in the whole market, that's not true. Otherwise, we have no idea what is going to happen in near the future, possibly Bitcoin will overcome this crisis and possibly not. but in my opinion, Bitcoin will probably rise to $ 11K after few weeks. |
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That's really interesting despite there are just a few governments who have made their own cryptocurrencies. Does it mean that Bitcoin is legal in these countries? I don't think so , they are just want take advantage from this technology in order to achieve their future endeavors or goals. In addition to that, maybe the unstability of cryptocurrencies is one the disadvantage that governments reject .
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You seem distracted OP, I feel you are still a newbie who does not have any experience/knowledge about Bitcoin. Unfortunately, too many people are psychologically weak and the least problem negatively affects on them. It is certain that Bitcoin or blockchain in general is a successful technology in financial field.
Otherwise, OP you need to be mentally strong otherwise you need to stay away from this field
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In my opinion, I feel that Bitcoin cash will have a brilliant future and it will probably rise significantly after Bitcoin halving, I really give a big attention to that currency, now the current price of BCH is $328 due to there is a current crisis in the market but I predict that after few month the value of coin will pump to $ 450 or $ 500, I advise everyone buy an acceptable amount of Bitcoin cash especially during this dip.
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You made a big mistake to be honest, how can you send Ethereum to receive a trash token airdrop ? and of course that project is definitely a scam. But you have nothing to do now, you can't get your ETH back, be careful next time and believe me most of ICO projects are a scam like, 90% in my opinion, also the tokens are not profitable and worthless especially in a long term, stop wasting your time on these trival stuff.
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Actually, I prefer focusing on one domain which is trading, the quantity is not important when you have a lack of knowledge in these fields. Plus, I definitely disagree that gambling is a constant source of money and the opposite is true in my opinion, that field is too risky and to be honest, I have seen a lot of addicted gamblers, they lost all their money this led to negative consequences like, stealing money...ect
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To be honest, I felt happy when Bitcoin has reached 10k lately, the value of that price is really important and a good station for the progressive of Bitcoin forward. In fact, obviously there is not a big difference between $ 10K and $9K, it is just $1k , so Bitcoin's price can easily rise to $10K in the near future despite the continuation of the dip in this current period. And to be honest, we have no idea when will this current crisis end and price return to the rise.
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Honestly, I have never heard of such a society. Speaking of taxes, I think that they should be progressive and organized in such a way that the poor do not pay anything, and the rich pay a little more, but their money covers the shortcomings of the poor.
In addition to that, it is really unfortunate that poor are always paying a high value of taxes and some of them cannot even pay because their financial income are really weak compared to the rich people, some laws must be changed in most of countries especially the poorest in my opinion. Furthermore, the value of taxes in general are unacceptable, I don't know why the governments want to exploit their citizens in all the ways. |
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Coronavirus, and Bernie were the big fears last week!
In my opinion, despite Coronavirus panic is still widespread in the whole world and there are too much financial losses in the economy of countries especially, China but we can't say and confirm that these bad events was the reason for the falling of Bitcoin until now. Furthermore, it may be another manipulation from the whales or other reason, remember that we can't see the real facts in the social media. |
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The content of this video is not bad at all, I liked but it needs some graphic stuff and animation in order to be more beautiful, that's my own view. Sometimes we need to focus on graphics more than texts especially in animated videos IMO.
In addition to that, it is very important the promote Bitcoin or cypto in general despite Btc's community is good progress , but some people still don't know this technology.
And thanks OP for sharing this video.
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In my opinion, you should read some useful trading books such as, The crypto trader, Crypto trading for beginner, Cryptocurrency trading and investing ..ect . In addition to that, it is important to learn the technical analysis of cryptocurrencies, don't give a big attention to most of traders on Youtube, just focus on your skills and knowledge with them you can certainly achieve your goals and with experiences you will definitely learn more about trading. Try to start with a low budget because it is too difficult to earn a lot money in the first period due to your lack of experience. Good luck
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