That was incredibly something new to be known for it is unusual for a person to receive a gift like crypto and also unusual for a person to give crypto as a present specially knowing that it is a respected leader of a certain country. But it is very good to know that this have happened because it is a simple and very small step to start up with introducing cryptocurrencies to the Estonian president with the act done by the Lithuanian president. Looking forward to see that coming from this it will create a good relationship between those two countries as well lead to the mass adaption and recognizing of cryptocurrency usage.

There is no proven direct correlation between the economic state of the world and the behavior of the price of Bitcoin. At first thing that the pandemic have hit each and every part of the world last March 2020, we all have thought that the dropping on Bitcoin's price is an effect of the starting of pandemic and that it would remain up until this pandemic have come to an end. But after months of the pandemic was still on, we can see that there is a slow development and increase on the price of Bitcoin despite of the present economic crisis that each and every country is facing right now all due because of this covid-19 pandemic. We have seen that the direct hit of the economic crisis have an effect on the stock market but not on the crypto for it is continuously improving even if there is a present economic crisis ahead of us.

The economic crisis individually among countries are reflection of the economic capacity of the country and we can see that as of now many are still struggling to rise up their economy because of the pandemic.

There are lots of ways on how you can convert your Bitcoins into real money preferring into the local currency you do have in your country. Here in my country, we do have an easy and hassle free way on how we can access our Bitcoins and make it as a real money converting it into our local currency by using a local Bitcoin wallet generated by our fellow country men that we are commonly using to accept not just Bitcoin but as well as ETH, BCH, and XRP. If you were a Filipino, you will surely get familiar with coins.ph for it is our local crypto wallet wherein we can easily access our Bitcoin and make the converting from BTC to PHP (Philippine peso) to make digital payments and even do withdrawals into any banks and remittance centers.

Though there are reputable exchanges to do it specially for foreign currencies, we Filipinos are having an easy way on how we can convert our Bitcoins into a real money. This just make a point that converting Bitcoin varies on the country where you are from if your country have a locally generated wallet like we have or just use exchanges to do the thing.

There could be a possibility that Bitcoin can surpass Gold's market cap if you will be basing on pure calculations but that is not how things will work for we cannot foresee what can happen in the future and we cannot duly predict the possibility of the growth of Bitcoin to be smooth for we all know that Bitcoin have been into many struggling situation and always make a comeback but still there is no pure assurance that thing will always go work. Considering the other external factors that may affect the market caps of both Bitcoin and Gold, time will only tell what can literally happen if there could be a big possibility that Bitcoin can surpass Gold or it will remain the other way around. As of now, we cannot duly see what can happen. Let us just all see when the time comes at year 2029 based on the OP that is according to Morgan Creek which is a wild prediction based on calculations for now.

The decision would be worth it for those people who have dumped their investments from stocks and moving forward on putting those investments into cryptocurrencies, gold and even silver for it is indeed true that due to the existence of the pandemic brought by the covid-19, banks are facing a financial crisis for there is a high in demands when it comes to withdrawals, and loans for people are minding to have cash on hand to provide daily necessities to be able to survive life with this situation we are all currently in to. The problem is that more demands are coming from the outside of the banks and no incoming transactions to circulate at this time. Although they can survive once people have been able to pay those loans, still there is no assurance when and how because people mostly do not have works to be able to pay such loans and most are experiencing debts as of this moment.

But buying Bitcoin amid with the threat of a bank crisis, people must duly have knowledge about Bitcoin to be able to have effective switch, adaptation and usage of the cryptocurrency and not just because it is the trend as of the moment. It good that people are now realizing the importance and worth of existence of Bitcoin and looking forward that many will start buying and engaging into it but this must come with knowledge about it before coming up into doing engagement.

I will admit this was incredibly too long to be read yet it was very informative and can be useful most specially for the part of the newbies who were just starting up their journey toward Bitcoin engagement which involves investment as well as trading. Despite of being too long, the basic concepts are the only essential things that can be gathered in here that most of us do already know and it seems there is nothing new to be learned other that the OP have shared his experience on Bitcoin. Overall, it was good, the informations are well stated but those can be explained in a short manner.


I beg to disagree on the key points you have learned on your Bitcoin investment journey but I do gradually respect it since it was your own learnings gained from your own experiences. (1) Doing investments with Bitcoin is already taking risks for you are putting your money at stake. No matter how small or big your investment is, there is still risks associated on it. Better start small rather than putting at high stake for many people are failing into their Bitcoin experience that putting up high amounts will ensure them to gain higher profits. Giving your all in an investment will literally give you anxiety so better start up small rather than fall too high. (2) You will be missing out better opportunities once you pull out easily just to gain easy come and easy go profits. You cannot be profitable as always on that strategy but since it is your own experience then it's fine. (3) No one must really believe on predictions for we are relying on facts from news, price charts, believing on such is like putting up your journey into a fortune teller.

It is really in need and a must thing to do to have some precautionary measures to be done before engaging into something that was just certainly new for you most specially for the newbies that have just got their way into getting in this industry and wanted to try doing trading. First and foremost, before doing any trading or investment engagement, you must learn the basics or needed knowledge you must know to better understand the risks associated on the type of work you wish to enter. Doing research and readings through internet as well in this forum would be a great help for there are lots of members that can respond into any inquiries being raised by any member that will surely help you along with the process of learning before you get into starting your own trade.

If you do really want to excel and last longer in this industry specially on doing trades and investments, you must take it slow on learning the basics and do not rush too hard for it might just lead you to failure which you might regret in the future. Trading is a serious matter to be taken for the sake of your money is at stake if it would become profitable or not depending on the attitude you will exert. Knowledge and experience is a key concept you must have to be able to succeed in this type of work so do not rush, just go with the process.

Roobet review link: https://www.youtube.com/watch?v=iRgsdcSaOO0

Roobet username: Yatsan

This was pretty much impressive for the OP have exerted much effort gathering essential news articles and information that can be useful for the ones who will read it entirely. Honestly, I just read few of those articles for I have put into focus the subject of this discussion thread which is if you lost money in Bitcoin is there might be some mistake you have done putting you into such situation. Well, it is right that buying at wrong time might get you to encounter having loss of money in Bitcoin but we are in a volatile market so it is an important thing to always take observance on how the price behaves supported by facts from news articles to help you decide if the time is just right to caught up the right opportunity of buying and selling your Bitcoins.

When it comes to holding, we cannot partly state that we are sharing the same situation because we have different reasons why we tend to pull off our holdings for better usage but as much as possible if we could hold back, better do hold while you can for Bitcoin do always recovers after great loss and you would just be surprised by it. The only way you could lost money in Bitcoin if you have mistakenly assess the situation and do impulsive decisions making you loose the opportunity and that would make you lost money not just with Bitcoin but with other cryptocurrencies as well.

That is the sad reality of life that poor people becomes poorer and the rich people become richer because of the social classifications that are dividing the society depending on the capacity and wealth that each and every individual have. At this time of pandemic brought by covid-19, we have seen that not just in America but in all parts of the world, the effect of this crisis have directly beaten up those people that belongs to the lower class of the society for they become jobless because of the implementing health protocols that makes temporary closure of work places and no one is allowed to go outside because of the quarantine. The situation makes it so hard for those people to budget and manage their expenses for they have no source of income and there is no assurance that they still have a job to came back.

Rich people mostly on the technological industry and food and goods essentials are still earning more due to high demands brought by this pandemic. We can say that the world and society itself is not really fair for those who are needy are continuously starving and those with power and continuously gaining after all.


I agree. After all that is happening the terrible systemic flaws of the society is always putting the poor people on the most disadvantageous position while rich people are being continuously greedy enjoying their wealth and some are not having any concern on helping their fellow men for they only think of their own sake.

That was seriously alarming to think that the number of unemployed people in US have already reached more than a million all due because of the existing covid-19 pandemic that have caused the business establishments, offices and other workplaces to temporarily close for awhile to prevent the further spread of the virus that can be potentially gained on places where there is a large scale of working people sharing on a working area.

For sure not only US is experiencing that thing because honestly here in our country around 42% of people are unemployed because of the same reasoning. This is bad because this drag down the productivity rate of the country which also pulls out and brought economic declination in our country. At that rate the US and even other countries facing the threat of pandemic, we have nothing else to do but just to follow the "new normal" approach to somehow lessen the rate of unemployment since business establishments and other work places are already allowed to get back into operation but just for around 30 to 50 percentage working capacity that is already good to somehow boost up to progress the economic state of the country and help some people to get back to work minimizing the amount of jobless people.

Honestly, based on the current situation, I foresee that my economic outlook for year 2021 is not that clear so I am neutral because it would still dependent on the outcome if there would be an available vaccine by the end of this year to totally end up this pandemic which brings economic crisis to all of us. If that would happen, then my outlook for year 2021 would be positive for sure for I can regain my expenses this pandemic for there is no incoming earnings from businesses and I nearly become dependent on crypto works. On the other hand, if there would be no vaccine to be available by the end of this year, then I stand to have negative outlook for year 2021 for there is no glance of hope to see because the economic crisis would be passed through the upcoming year and that might get even worst.

So my perception on how my life would run for year 2021 is still neutral for I still do observe what would happen on the upcoming days, weeks and months if there will be an incoming good news for me to see positivity ahead to face year 2021 with great possibility of having a great year to look forward.

We have already seen how the existence of this pandemic have brought a massive effect on the stock market because of the declination on the economic growth and development of different countries that are directly affected by this crisis we are currently facing with. But what we are just seeing might be the shallow effect of it for the fact that we are still into the pandemic after a couple of months being in a quarantine to prevent the further spread of virus which brings a direct effect on the productivity of different sectors making the economy suffer.

Cryptocurrencies might be claimed to be safe and the winner amid the existence of this pandemic for we are seeing progression on the prices of different cryptocurrencies despite of the pandemic. But we can't deny the fact that at the first blow of the pandemic that have happened last March, the prices have been temporarily affected making the price of Bitcoin fall down from $9,000+ breaking down to $4,500-$5,000. Maybe we can see that as of the moment investment in cryptocurrencies are better much option rather than putting it into stock market but we don't know what could possibly happen on the progressing days to come if it would still remain the same for we are still not seeing the full potential of the effect of this pandemic that it might get even worse effect on the stock market while the vaccine is still not yet being discovered and if it would also affect the crypto industry as well.

I agree on this. Money laundering and other related illegal activities are always put into blame on cryptocurrencies knowing that more malicious and hideous activities are being done with the use of fiat currency. Both fiat and crypto have their own advantages and disadvantages depending upon the usage of a certain individual. Such activities must not put to a blame in any kind of currency for people are responsible for doing such acts and not crypto or fiat as a whole.

Regulations on using cryptocurrencies must be put into discussion knowing both sides of the pros and cons of it to be able to settle or set up a solution to resolve the hanging problem with regards to its usage. If that would just be the issue why Russia is still not allowing the usage of cryptocurrencies for payments, then they must settle regulations that will inhibit the usage of both crypto and fiat in a free space which will still assure that their national currency will not be taken for granted because of the existence of cryptocurrencies on hand. The government must gain more knowledge about cryptocurrencies and better do understand the importance of its existence as a payment option in their country.

This just shows how some influencers are not making good use of the platforms they are well-known with for they are just building up confusion on the minds of their followers from the statements they released or posted into their platforms which makes wrong impressions specially for their followers since they are well-known influencers on their field of work. It just clearly shows how money influences even the influencers that many people trust and eventually doing statements that sounds as mere advertisements favoring one side.


This was indeed agreeable that the influencers will do whatever it takes for the sake of money even to lure its followers for they only care about how to gain for their own sake. Trust the facts you see and do not be dictated by the influencers thought for you will duly observe what is the truth and decide based on your own analogy.

He must have mistakenly compared crypto trading and stock market trading to be the same in nature. Well, at some point they are the same because you intend to do trading to earn a profit. But he must have been over confident on his trading capacity in stock market that is why he think that he can do also conquer the crypto market trading which he have been mistaken for the market we are into is very volatile which he might be surprised that his strategies he used on stock market trading cannot be that effective to be used on the crypto market trading as well.

He have seriously got the misconception about crypto market trading to think that trading on it is just like what he was doing in stock market trading which is not. He merely underestimated the nature of crypto market trading which he have surely learned about it right now.

Great thoughts on discussing basic but essential things to be known about doing trading. (1) Indeed older traders do know better but it does not mean that new traders cannot do the same thing for we cannot underestimate the concept of thinking new traders have for before they enter trading they must have already got prior knowledge on doing trades because if they do not, then it is a risk and at the same time a gamble. (2) It is true that patience and mind setup is in need on this industry because if you loose patience and you have negative mindset, you will just end up getting driven by unnecessary acts on doing impulsive decisions that might just lead you into worst scenario.

(3) Trading is really not an Alladin's lamp that it can make you instantly rich for there are certain processes and time interval before you can earn a large amount which is also dependent or reliant on the behavior of the market. (4) That was true that higher risks do offer higher rewards in return but if you put up a wrong risk taking, then you will just end up doing a gamble and gain higher amount of loss as well.

Doing trades do require prior knowledge on which upon doing trading you could build up creating your own strategy on how you can make your trades profitable. Following such strategy can make you survive and make profits but such assurance won't always make happen so always be open for anything to come and better know how much loss you can tolerate or endure so that you won't get stressed out.

What do you mean that Bitcoin and other cryptocurrencies are getting dangerous? It is because of the exchanges asking or enforcing you to fill up KYC for your identity verification? Then it is on the exchange itself not on the cryptocurrencies that you have an issue. Basically you have get along into a centralized exchange so you must not be surprised that there is a KYC process for it is a needed process based on the regulations stated by the government for allowing adaption of cryptocurrency services to be running in a certain country on which it is done to prevent malicious activities to be tolerated and to keep people safe on doing transactions since centralized exchanges ask for concern and permission to operate from the government.

If you do not want to be monitored or shared any of your identities because you want to feel secured and keep your identity in private, then get into a decentralized exchanges to end up such problem but do not blame the cryptocurrency itself for asking you information because exchanges specifically centralized are just doing what is stated on the regulations to keep its users safe and why do you fear KYC if you have nothing to hide from the authorities for doing crypto transactions?

That was pretty odd to think that you can no longer use cashless transactions through your debit/credit cards to purchase video games online just because your government was thinking that such games found to be purchased online are accused to be crypto or gambling games. Beforehand, they must inform the public about such thing before doing the blocking of cashless transactions on purchasing video games online for many people specifically gamers are depending on cashless transactions specially at times like this that gaming stores are temporarily closed for they are located at malls and only essential stores intended for basic needs are operational.

They must have learn about differentiating crypto/gambling games from the typical video games because some video games or mostly can be bought or purchased online and such purchase is in need of money which basically cannot be considered as gambling because it is a payment for transactions and not a bet to be able to play the game. Before doing such thing they must have first clearly classified or distinct the different between crypto/gambling games and video games because many are entertaining themselves this quarantine through playing games to make themselves busy and to lessen the boredom brought by the lockdown.