Exactly. We must learn from the mistakes and failure that we experience in our lives and do not let such things to happen all over again without learning. Yes, we do really live once but it is also get into the reality that as long as we live, we must grow into learning how to cope up with such failures and turn those into lesson how we must deal into certain scenarios once it happens once again.

It is indeed normal that we will be wiped out on crypto and stock market but that must be on the first try for we might be not that familiar with it that's why we are vulnerable to be wiped out. But better think of it, if you always experience such thing of being wiped out, then something must not be right so you must keep up to correct such mistakes to lessen the chances of failing and to avoid being wiped out whether on crypto or stock market.

Indeed. Since central banks are centralized institutions being ruled and controlled by the government, whatever would happen will be a reflection or fall back into the government and not on the central banks so they would really not worry about the people's perceptions or opinions with regards to certain issues for the fact that what people know banks are being handled by the government. All the things done by the banks such as money regulations concerning printing and circulation are all being stated by the government and with bank as a national institution being ruled or regulated by the government, they would just do what the government would say.


Indeed. People are already get used into using and engaging into banks ever since even when the crypto is still not existing. People might loss trust on crypto but not certainly on banks for they have known and have been using it for a long period of time making themselves familiarize on that.

People do have their own different reasons why they do still chooses to stay and try even harder on doing tradings after a couple of times experiencing failure or greater loss brought by crypto trading. There is no perfect strategy on doing trading, there is no significant or exact way on how you can deal on doing trading because we are all lying into a volatile market on which changes over times is inevitable. The reason why they keep on trying because they have a goal they wanted to achieve and quitting is not an option to achieve that. Rich people that came from trading do also experience lots of trials and failures before they have attained what they have right now and that is a product of patience and effort which became worthy over time. Same thing applies to all of us. But still there must be a limitation. Do not risk all that you have. Learn to rest for a while and not to quit.

This is exactly true and what people who are just new on entering this industry must understand. Instead of entrusting your funds to other people and ask for favor to trade your money for the sake of obtaining profit, better learn the basics and the process of how trading is being done for we do not know how people's mind works most specially when it comes to involvement of money which certainly even your most trusted person can fools or betray you. So to avoid such happenings to come along the process, better make yourself knowledgeable about certain things that you must learn about trading.  Ensure that you are continuously making yourself learning as time goes by so that you will always be updated that you do not certainly need to ask any favor from any person to trade your money for you can already do it on your own.

There are indeed lots of benefits that Bitcoin can do provide which makes people choose to engage into it most specially at this time of our current situation is on crisis wherein people tend to switch from fiat going to Bitcoin on a belief that they can somehow save up their funds that have suffered from the negative impact that the pandemic have brought to the stock market. Not just that, opportunities are present as long as you are willing to learn on how you can work it out to make your funds become profitable by doing different Bitcoin related works.

The benefits that the OP have said like paying using Bitcoin on online transactions and purchasing goods are the privileges that are being experienced by those people who resides into those countries where Bitcoin usage is widely adapted. But for those people living on countries where there is just less adaption, privileges are only limited for the demand of using it is not exclusive to all which is in need to still convert from Bitcoin going to fiat currency.

120,000 Bitcoin is exclusively a large amount already to be imagined which is explicitly showcases how brilliant those hackers really are to stole such a big amount of Bitcoin. Now with Bitfinex experiencing a large amount of hack which is $30 million, it seems like even big and reputable exchanges just like what happened recently to Kucoin shows that their security have been manageably being entered by those intruders stealing a big amount from those exchanges. I just that may the Bitfinex manage to catch those hackers or may at least get back those stolen Bitcoins from them.


Probably that is the case. Professional hackers have worked out of this case and they may at least well established a plan on how they can get out of this mess and make themselves be able not to be caught by the authorities because of the crime that they have done.

As you enter this industry, you must have better known and understood that Bitcoin and every other cryptocurrency you can find in the market do possesses that characteristic of being volatile so there is always an open chance that the price of the cryptocurrencies like Bitcoin will likely to change whether in a dump or pump situation. Yes, Bitcoin is moving forward when it comes to usage and adaptability in a sense that people are now recognizing Bitcoin's worth and are much willing to get engage into it. Every currency do experience changes even in terms of fiat for there is no stability because there are certain factors affecting why the prices changes so the same thing applies on the cryptocurrencies just like Bitcoin. In terms of buy and sell, it would be dependent on you to decide on which time you will do those things and at the same time it is up to you on how you will manage on dealing with the circumstances while making it profitable.

What could certainly be the significant relationships of people are now tending to withdraw their Bitcoins from exchanges and barely just wanted to store it into their personal wallets will make an assurance that Bitcoin will get into another major bull run? How could it possibly be a good reasoning that since people are out of withdrawing their Bitcoins from certain exchanges would lead or contribute to the bull run you were saying?


This would exactly be the point. People storing their Bitcoins on their personal wallets instead of doing trades will lead to the price of it to be stagnant or might cause into a mere down fall (it depends if it will be a soft dump or might be massive one) since people are prohibiting themselves to do trades meaning the circulating volume would also be reduced. Yes it is good that people are storing their Bitcoins on personal wallets instead of exchanges for exchanges must not be treated as storage wallets. But if people would just tend to hold their Bitcoins in their personal wallets, slow progression would be the effect of it on the Bitcoin price in the crypto market.

It is hard to say whether this pandemic have brought a good or bad impact towards Bitcoin for that is really very crucial in nature. Yes, we have seen that there is an observable growth in terms of pricing that Bitcoin have obtained all due because people are switching from stock market going to the crypto market and putting in their assets from fiat going to crypto to save up their funds since the pandemic have a direct hit and effect towards stock market standing. Although it cannot be seen since people are focusing on the growth of Bitcoin brought by the pandemic, still this growth is considerably a negative one for who will enjoy the growth brought by economic crisis. Also, there is a big potential that small time investors might be pulling out their investments or selling their Bitcoins at lower price to sustain their necessities for daily life basis due to the negative impact of pandemic which causes loss of job and to be able to sustain daily needs selling Bitcoin at lower bidding price will be many people's choice especially for the new ones which will create a declination on the price of Bitcoin as long as people will keep on doing that on call to their situation amid with the pandemic. So basically, pandemic do have a positive and negative impact on Bitcoin that will also dependent on the people's perceptions on how he will see it.

It has already been months since the covid-19 pandemic have started and it seems that you are having a late realization or it is just that your business is now just affected by the effect of it when everything seems to be already doing good in a sense that strict health protocols are still being implemented but not it was already exaggerating for the rate of inflation of the people getting the virus is now taking under control and the businesses and economies are now slowly opening again and processing into the recovery stage. Bitcoin has always been a good investment since then and you do know that because you can right here the first time it was booming and just stopped for a while and back again to do investment and trading with Bitcoin for your business. It is still the same thing that is worthy for your time and money and it is good now that you came back.

It does not certainly needed to be a lot a first. It is just right to have enough capital to start up your journey when it comes to trading. It is of course in need to have money to start trading but having lots of money does not guarantee you that you will obtain a lot of money as well on your trading. It is still dependent on the coin and the market behavior and of course with your capabilities as a trader to make your trades profitable. Only trade what you can afford to loose and not all the you have.

With that problem you do have, I think what you certainly need is an assistance from a legal counsel that is knowledgeable about crypto and not just fiat although both are related when it comes to finance. You must seek a tight attention about it on how you are going to deal with the operator after you have provided all the information needed aside from where the funds of yours originated for you have mentioned that it was already closed since it was already 9 years since then. I duly understand the part of the operator for they are just verifying the source for you might be trying to withdraw a real big amount from Bitcoin since the value is incomparable from the price of $30 now it was already beyond $10,000. I do hope that this case of yours will be fixed for you do deserve it.

The rise is not just all of a sudden. There are certain factors that serves a contributors why the price rises up and even falls down every single time. Now, with regards to that, the rise and fall can be partially be affected or manipulated by the flow of demand for Bitcoin, can also be because of the big investors that many known to be the whales of the market or other contributing factors that can affect like the news coming out every single moment which can possibly or certainly affect depending on the type of news which will affect human behavior and decision which makes necessary and unnecessary actions which leads to the fall or rise of the price which is based on the actions being done by the people and the market behavior. Popularity might as well become one for people now recognizes at times like this the importance of Bitcoin on their lives.

Certainly those things must be considered to better know if using Bitcoin is in need to be fined with taxation or not. There are really certain key points that are not the same on every country so the answer will really be dependent or varies upon the place where you are resided to better know if taxation is also applied on buying goods and services using Bitcoin. For countries where they can directly use Bitcoin as payment option maybe taxation is applied and that is duly dependent on the government if they would be putting such law for their country. Well actually even using fiat or Bitcoin, all things like goods and services have already their VAT (Value Added Tax) top up on those things that we purchase.

This must always serve to be an awareness not to easily fall or believe into anything you have just watched into any social media platforms like YouTube for there are very relevant instances that those scammers are also getting into such platforms baiting newbies into promising deals which literally ends up for them to believe and follow what those scammers told them to do. If ever YouTube does not regulate it as early as possible to take down such video, may we serve as the ones to help other people and state that what they are watching is a scam and we must do act and duly report such videos so that no one will get victimized by such scams. This must be a call for everybody not to fall on those scam schemes for those are obviously targeting newbies out there due to desperation and lack of prior knowledge about such certain things.

How can someone get so much addicted on using Bitcoin that it is already in need to be put into rehabilitation? Maybe this was just an exaggeration on how they interpreted Bitcoin usage do happen. Maybe there could really be cases but still I cannot believe how a certain individual do get addicted by using Bitcoin. I wonder that maybe the addiction comes due to anxiety and improper management and control of him on how he uses his funds to be able to obtain Bitcoin and uses it on certain things like trading and gambling where those people who get addicted supposedly be doing. I get it that it could be possible to get addicted on gambling using Bitcoin but on trading, I don't think so.

What do you mean when you have said approved? Do you mean to fully adapt on using Bitcoin? There are already countries who have legalized and accepted Bitcoin usage. But if you do mean that approval seeks to turn Bitcoin into their national currency, then it is far beyond impossible for each and every country have their own national currency and that serves as an identity of a country just like their sovereign they have.

Also, why do you take advices or suggestions coming from any famous personality when you can decide and see it on your own that even after every struggle that Bitcoin takes, it always keep up on doing recovery. If you are really into Bitcoin, then just believe on what you can see on your own and not by other people. You have your own mind so better make use of it and do be reliant into other people's opinion.

If you worry about that certain issues that exchanges might be selling you a coin that has no certain value or haven't that existed, then you better get to engage into well-known and reputable exchanges to clear out all your worries you have in mind. Those insecurities you have comes from having a trust issue with regards to what the exchanges have been doing all along. So cut out such worries you do have in mind, you do better engage only into trusted and reputable exchanges to feel your security and safety that the coin you purchase do intended to have a value and not a certain shitcoin.

There is no such country just like what you have mentioned Kyrksitan in any Asian countries. Maybe you were trying to state about Kyrgyzstan for it is the closest country to be spelled out from what you have mentioned. Please be careful the next time for such errors contribute to confusion of everyone.

I have done some sort of research and found that their currency seems to be close to having almost no value for I have compared it from USD and my country's currency and it just cost cents which is a really very low value to think as a currency. Now, with that problem it is all about their government to talk about it and fix it for we have no rights to get along with their own personal issues because such case is their own problem. We don't know what is basically they do about it and we do not have anything to do about it as well.

This topic have already been tackled on one of the threads here in the forum that I have read while roaming around the forum. There might be really a correlation with the market behavior of the market with the current health situation of Trump or just maybe it is a mere coincidence that the two scenario happens all at the same. There might be a relationship in a sense that as a leader of the country, investors got panic due to concern of his health and knowing he is a candidate for presidency that the policies he implemented might get affected once something bad happen to him. But there is nothing to worry about experiencing a crash for as we observe it is just a little declination and all seems to get back to normal for that dump is just a normal thing to happen. There might be an effect on the market but still it will recover in no time.