Bitcoin was not made to withstand a Pandemic , which is why it's price lost such tremendous amounts. If you think being a bitcoin miner , insures good health, then you are confused, it won't. Bitcoin is failing at being a currency which is why it's price dropped, for the majority of people it is only a gamble to earn more fiat, world emergency hits and people cash out the gamble to fiat, because they feel safer with fiat. Your so called antifragile btc is losing the miners profits -~$4k per coin, so it is fragile if miner profit margins don't improve shortly.  People feel safer with fiat money,because they feel safer with something known.This is completely normal. The BTC price didn't lose "tremendous amounts".There were price crashes in the past that were way harder than the last week price crash.If miners don't get any profits from BTC,they could just stop mining and leave.The hash rate/mining difficulty will drop,and mining will become profitable again. If we ignore the volatile Bitcoin price,then yeah,the Bitcoin core blockchain is still strong and the fundamentals of Bitcoin Core aren't damaged by the crisis. People mistake this price drop as bitcoin's fault for losing but in reality it is not. Most people will definitely prefer fiat over bitcoin because of its utility, more stores and establishments are using fiat more than bitcoin itself. And since panic ensued during the quarantine period due to COVID,despite of bitcoin being an independent asset, it still inevitably lost value because people panicked and used the money they cashed out for their own welfare. If bitcoin is much more used than how it is right now, the situation wouldn't be like this. |
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The fundamentals of Bitcoin is and will always remain strong regardless of the situation we are facing, most especially if the kind of monetary system that we have right now will prevail for a longer time. So regardless of the short term rise and fall of Bitcoin's price, the long term is always positive. So if you want your money's worth to not only remain valuable over a long period of time but also to even increase, Bitcoin is one very nice choice. The temporary rise and fall could make you quicker money if you are good in speculating, though.
But I still don't see it becoming a "store of value" just yet, though bitcoin technically is a store of value. The high volatility rate of bitcoin in itself just wouldn't let bitcoin be a good saving method. That being said, there are other used that bitcoin can be utilized for during these times of great need. As of now digital transactions are more sought for because they are much safer as banknotes and coins contract viruses, and it's also important right now that everyone can online shop. Bitcoin is seeing a larger user base now compared to when everyone wasn't on lockdown, but digital fiat is still dominating the game. If we can promote its usage even more, there might be a shift in the industry. |
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It is heart breaking to see how Italians mourn caused by this pandemic, their suffering is way lot more of what we have here in my country. We just have here a 300+ cases of the coronavirus, not even a single percent from the total number of their cases, almost 60,000 with deaths of nearly 6000 people. Where is the European Union? It supposed to be their back end on this pandemic but it seems inactive unlike the treatys of other countries. Italy now is the new epicenter of the pandemic. In addition to that bad news is Croatia has been hit by an earthquake with various country in Europe. Let's pray for this season and let the world achieve peace again  I've checked it and it seems legit enough for me,just be careful on clicking links. I really wanted to help in any way possible but I just can't for some reason. |
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In this era of online gambling, I believe most people must be into gambling even in the times of crisis because only very few people are getting affected and most other people are just staying within their home for quarantine reasons. When you are enforced to stay within your home, gambling must be the best option to spend your time thrilled.
I guess that is a perk of being an online gambler, now I keep thinking how many wealthy people have suffered and got infected by the virus because one of their contender in real casino is a coronavirus carrier haha lol. But honestly, as the situation is getting serious it somehow stopped me for a moment to gamble not only because the price of bitcoin is undervalued but also because I keep on watching in TV and monitoring online news. It's better to know what is the current happenings than winning a jackpot in a casino. hmmm. During the times of cyclone or any other similar crisis which is affecting me, honestly I will be unable to gamble online and in real casino as well. I'm praying to God for not giving such situation because life will be more terrible under those kind of crisis.
Well me too especially I'm living in the east where typhoons are very active and easy to form because of the pacific ocean and is above the pacific ring of fire. Scary. |
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You are right due to this capitalism they need the chance to try to to such a thing. this society is hooked in to superstition. They fool poor people and open their kingdoms. Capitalists don't take hold of everything, even the system is in their hands But nobody can do business with the Coronavirus because it's true and has spread everywhere the planet.
Inevitably there will be prices for cures. This is not only to rip the common joe out of his money but it is to both fund the cause, which in this case is finding the cure, and to also compensate the people who worked tirelessly in order to have these cures, be it vaccine or mere prescription drugs, be made. You wouldn't want to work with no pay in return, and so they do. It's less of capitalism and more of funding the cause. Inevitably thwre will be business for it, but it's not the main concern in this situation, it's finding the cure. |
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I myself was travelling to a small town nearby and saw a person crying , he had to pay banks , pay for his 4 kids , had a family to support but due to lockdown he had no source of income.
It is too late this time, but he will learn the lesson that always have some bitcoin saving that can last him a few months. For now, the most practical solution is to take emergency loans that he can get, I suppose the government will come out with a such facility soon It's still better than not having any income at all. Especially nowadays when money is what really counts. You can't just disregard a dime because it's a dime. At this point it will really help. Anyway campaigns are still there that pay weekly, that gives the user ample time to save up since I guess most service providers gave everyone a leeway on their due dates to focus more on basic necesssities. But apart from the money that cryptocurrencies bring I would like to emphasize the ease of access cryptocurrencies provide. Nowadays you can't trust even a paper bill due to risks of contracting the virus. And digital transactions are really helpful, which bitcoin is a form of. |
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I like to think this the correction because people panic, and they sold their assets right away, same thing happen with crypto, bitcoin dropped to $4000 level but in the next few days the price started to recover and yesterday bitcoin just up to $6800 if I am not mistaken.
When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
I guess the people in crypto space panics twice as people outside coz you see halving will occur in the next few weeks then there is a virus than has been discovered and now is taking over the world creating casualties and rattles different kinds of market including stock and oil. The price last week drastically dropped due to this, however this is might be an indirect result of the virus but instead of the halving. If we are still hoping for a better position then might as well we should all do a strong hold in times like this. Panicking won't help in any way. |
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It is not about earning much anymore.
More like buying bitcoin. You know the reasons.
Quite true but the thing is bitcoin is volatile and you can't just evade the chance of losing and earning. The very reason? the core is speculation. My wife had been doing faucets for a long time and even playing some games that pays thru bitcoin. Trust me, it doesn't pay much. But it became a hobby of her to do it and I am not stopping that. Somehow if the bitcoin price grows she will definitely sell it for her leisure.  Well now it does not offer a huge profit anymore, way back in time I used to play games on faucet where the price of bitcoin is unrecognized and so the payment is just as much as you are earning when you invest on bitcoin. it has changed when the price starts to climb and faucets are getting difficulties maintaining their sites and no one donates bitcoin anymore. How to introduce it is the first difficult part.
People will evade you once they hear you talking about nonsense.
So how can you get them to pay attention.
Games could help. That is if you have a good capital to pay for the prizes.
Somehow you will also need to earn it back, better put some advertisements on those games.
Nowadays? I sure people have heard of bitcoin, it's been in news for many years. I guess it is the people's choice of not recognizing and recognizing what any thing that could help them. |
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Have you ever read the story of those that started making use of bitcoin at first and became millionaires? If you check the reason why they started making use of Bitcoin, they always say that it’s because they saw it as a good asset that will likely yield profit in the future.
Those who believed in early days of bitcoin surely hit their dreams to be a millionaire or even a billionaire if they are already a millionaire that time. Did Satoshi really made a currency or an investment? We would not know but the thing is he coined it as cryptocurrency that just so happened that the price is increasing due to demand and supply. Not to argue if it is currency or investment. And they were right , it’s an investment and I don’t think there is a single person here that just put their money in Bitcoin and then decided to leave it there and hope that it will be adopted one day in the world lol, everyone here is always worried when they are losing their money in Bitcoin and they are happy when they are making profit, that’s the truth, anyone that denies it a big liar. But, that doesn’t stop BTC from being adopted anyway, though not as to replace fiat.
So it's both? I don't really mind if it is currency or investment coz I always have it in my wallet, I use it whenever I want but I'm also basing with the price. Regardless of what bitcoin is capable of there will be a day of change, where all people would live alongside with bitcoin as a currency and digital investment that's for sure. |
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It depends on when stop loss is going to be a life saver. For example, when you are using stop loss in a roller coaster ride with the price then, you are using it in a wrong way! The market will have huge ups and down and stop loss will make your comeback not possible. I usually use stop loss when the market is pretty stable so that, when there's gonna be a huge dump out of nowhere I will be saved. Another thing is, when you are doing leverage trading always use stop loss, no matter how the market is doing, avoid being liquidated, hahaha.
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As of the moment, people will surely appreciate the beauty of Cryptocurrency-based Online Gambling Platforms.
Why? Because they don't have a choice but to stay at their respective homes. Physical Casinos were also forced to stop their operations due to the pandemic. Meaning to say that, playing online is the best option since you don't need to go out and disobey the commands the government has given as precautionary measures for the virus. Stay at home and relax, be mad at home when you lose.
This is now the advantage if you are gamble online, you don't need social distancing because you aren't in public. Be safe until this pandemic virus will naturally stay away.
I go to physical casinos to have fun with my friends and have a bonding moment with them but, with today's scenario online-gambling will be the superior on all aspects. Since a lot of gambler's are on home quarantine online-gambling may be one of the best way to have fun or to kill time, and to gamble without risking your health due to this pandemic. Lot of people will appreciate the online-gambling now, not just with crypto but the whole beauty of it. I disagree about the reason you gave, even though I am a crypto gambling user but I do not consider crypto gambling to be the best, because online gambling uses crypto or with fiat currency has advantages and disadvantages. that way, I assume both of them always have weaknesses and cannot be said to be the best, but at least the user will choose the best depending on something that takes precedence, like about anonymity in gambling crypto is the most important for me personally and about speed issues I think it will it's better to choose to gamble online using fiat currency.
Both, have their own advantages and disadvantages. But right now as we all now we have a crisis due to the pandemic so, the best choice we have right now is online gambling. As far as I know there are also online-gambling that offer you to play with your own local currency, I cannot say that all countries have that but, here on our country we have that type of online gambling operator. |
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XRP and ETH! But mostly XRP when I play at primedice, the only reason is the transaction speed, when I use bitcoin it takes 30mins++ to deposit but, when I use XRP it's instant. It's really irritating when you lose and you are gonna wait a lot of time for your deposit to be credited. The problem is not all of the gamblng websites supported XRP so I go to ETH, for example cloudbet. When I want to play live casino I go there, ETH is also have a fast transaction speed so that's it.  |
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It can't collapse banking, but it can make a huge damage to the system. Banking is what normal people need and I think with this pandemic banking profit and it's other operation is getting cancelled due to the crisis and a lot of people are going to lose money. Here our country the bank here are still open but they are limiting the customer who ca enter their establishment. We are in the middle of implementing digital banking so still a lot of people use the digital one.
Every aspect of the economy; this pandemic is causing a lot of damage but, I don't think it can collapse any sector of it.
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I guess Italy but it's already dead at some point hope they will still produce what they produced before
Hoping for the quick recovery of Italy. I always sad when I saw the word "dead" on this pandemic. I always hope it will totally rid of and get up at dawn. As a recent news country of Italy announced 627 death overnight. I hope it will not spread more. The Philippines (our country) is most likely the best country to nominate being bankrupt due to coronavirus. The Philippines is a small island with fewer medical facilities. The government declared an intense quarantine forcing all the people to stay at home. Since the businesses are small, they cannot afford to pay their workers without work. Businesses were forced to stop their operations. Revenues are going down. They have a lack of funds. I'm afraid the country will be bankrupt because of the pandemic coronavirus. Our local stock market are crashing and already lose a trillion of money, and as you said businesses are being stop and lot of workers stop also. Basically, the income in our country is stopped and lot of families are getting hungry considering that they have no money and the government are also losing money. Our country might bankrupt, it already borrow a 100M$ at world bank, but what's important in this crisis is human lives. I hope that this pandemic will gonna end soon, it's damaging a lot of country and we might suffer from economic crisis after this. |
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The crypto markets will rise again after several months says who? Your crystal ball?
He's not wrong though, the market did rise today, though not the original price 1 month ago. The price is now currently at $6,700 as of writing this. Though we can't really predict the future, all we could do is speculate and invest what we can afford to lose. Just like he said, holding is one of the best strategy right now (at least for me) because it's not like Bitcoin isn't growing. Bitcoin is bit by bit growing with adoption and with that, the users, and the price correlates with it. Dumps are just temporary, we've already seen Bitcoin rose many times whenever a dump happen. If there's a sudden dump then, I will expect a pump after it. and vice-versa if there's a sudden pump I am sure that after that there will be a dump. The dumping of the price last few days is very fast it's just a matter of seconds and we reach the 3600$ price and after that it bounce back to 5400$ and now we are at 6700$. It's easy to predict the market if something just like that happen. The crypto markets will rise again after several months says who? Your crystal ball?
All of the prediction comes from crystal ball LOL, It's not going to be a prediction if it is a sure thing.  You don't need to be hard on this newbie. |
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This is the time to sell and please let us not assume that this pump will continue to reach a better price, it could dump from here as we normally see its the price volatility, be smart at the moment, sell and take the profit if you guys bought during the time bitcoin was heavily dump.
The corona virus is still existing so, there's a higher chance that the pump today is not gonna be for long term, it might dump any second from now. I highly suggest to sell "some" of the profit you are receiving today, considering that the pump today is still not clear. There's higher chance that iit might dump, but also it has a chance that the price will continue to go up by the following days, so if you are ready for the risk, just hold your coin and wait on what's going to happen. |
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I think it's because gambling websites accepts only crypto and some of the trading websites have paypal payment method or even credit card on their exchanges. If you will think a lot of websites that are accepting those payment method have KYC too, so I think that's why, or maybe there's a law about that in their country. Lot of gambling website's are run by anonymous owner so there's no need to comply with the law. That's what I think. |
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Binance is the best and what I used, but HitBTC?? That is a scam, and I think a lot there on the list have also issue of scamming like Bilaxy, p2pb2b etc. I suggest that don't trust this article considering that it promotes a lot of scam website. Binance is the no.1 so basically, Binance is the best trading website considering that a lot of user is trusting that exchange and it has a big legit volume.
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In this time, online gambling is the best way to have some fun *at least*. Just wanna share here is the Philippines we are on enhance community quarantine, we are not allowed to go outside and if we go outside there's no mode of transportation and all of the malls and casinos are close, all of the establishments are closed. So besides on netflix, online gambling is my way to kill some time at home. To other countries, please avoid crowded places, don't go gamble at physical casinos instead, let's just play at home and use our crypto at online gambling casinos. Stay safe everyone! |
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For me, Gambling is much more fun it is only because of your luck, there is more thrill and excitement when betting because, you totally don't know what would really happen after you made your decision. Gambling based on your skills will feel different because, it would only feel like a competition and not a gambling at all. Also, it might be unfair to other players if someone is more skilled from them that might make them feel not good and would not play again.
Gambling with luck beside you added much enjoyment, especially if you are betting with lotteries or you hit the jackpot from slot. You are correct with strategy and skill based gambling where knowledge brings you higher confidence that you'll be able to win according to how you analyze the game though there's also luck that's needed as both strategy and skill based gambling also prone from shit things that happened around. Poker is one of the skill based gambling activities yet, you still need luck there to win the game and make your opponent go home. I am sure that all of the poker gamblers here have bad beat in their life that is the time when the luck is not in your favor, when you really have a good cards but, your opponent have a greater card than you. Yes skill based gambling is good but in the end luck will always decide who is going to win. Just don't forget to enjoy the game and just always gamble the money you afford to lose. |
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