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Author Topic: I realise Coronavirus is not a reason why  (Read 773 times)
buwaytress
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April 11, 2020, 08:29:06 AM
 #101

What can we do if it is really necessary to convert bitcoin to fiat when you lack of resources during this quarantine? It is how you manage your assets, you will not sell all of your btc, you will just get some amount that will serve as your budget to survive this quarantine. We don't have any idea when this Covid-19 pandemic will end so it can't be that we let ourselves starve for the sake of crypto. Converting some amount will do, but still you will hold your btc because you know htat the price of bitcoin will still recover from $6500 to $10000 or up. Bitcoin is volatile and we also have no idea when this bitcoin will increase its price again so it is better to be prepared in this pandemic than to wait for something that is not certain or unsure.

I agree, and it's what I keep saying when people say, "Oh, I hope the world ends and the banks all die and economies crash because then Bitcoin would be worth $1 million". If all that bad shit happened, people would be buying food and essentials. Toilet paper maybe even, not hoarding even more bitcoin. Besides, if fiat truly collapses, then $1 million won't be worth squat.

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1711636095
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BluePowder
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April 11, 2020, 05:46:04 PM
 #102

the dollar crashing and central banks closing is myth and old news. BTC was myth/scam born out of 2008 financial crash and it made sense back then to use these selling points to get BTC on the map.  This is long debunked and over, most of you are so late on the info here as its pro BTC forum but if you do your research you'll find bitcoin is the central bank.

Bitcoin created a false hope that the dollar or central bank was going away or was due to crash and this would be the alternative, yeah lol that's a good one. If it does crash, the owners walk away with the world and you're left holding stale bread. But people here are stupid or invested and always claim otherwise.  I'm sure now with all the regulation you can see that BTC is not the saviour and never has been. Just as the war on terror wasn't meant to free to middle east from bad people.

By the way I know most of you here are dumb but has anyone been paying attention to U.S monetary ??  the fed has been sucked up by Donald and isn't even independent or jew run anymore. How does the BTC theory still fit ? It does't that's why only Asians are pumping now and a few western traders, or traitors if you will. The rest is owned by the same people who own or work or trade for the central system.

Good luck holding a global currency that's completely unsuable for anything other than buying drugs, trading or digging your own grave towards a more centralized cashless system.
BluePowder
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April 11, 2020, 05:53:50 PM
 #103

here is something to think about.

9/11 inside job   <<<<<<<<< no planes internal explosion
2008 crash inside job   <<<<<<<<  not a natural crash, they sacrificed their own Lehman to start it.
bitcoin inside job   <<<<<<<<   no satoshi, it was developed by a team of computer scientists working for NSA / DARPA
covid19 inside job  <<<<<<<  no virus, inflated numbers of pneumonia and fake line ups at hospitals to start a crash and roll out a new liberal world order , find the doctors blowing the whistle on youtube and bitchute.

At the end of all these you find the same people. a globablist cabal building up and using nations to fight each other with the solution always promised by them.
SUMBI99 (OP)
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April 11, 2020, 08:37:00 PM
 #104

My country faced big problem with corona virus and make many people increase more every day and one hundred people got corona each day announce here, I hope this virus could stop soon and get back our activities and hope many people got corona virus back well soon and take their activity and looking for job.

I feel very sorry for your country but everything hopefully will be fine and some investors on Bitcoin in that part of the world will come and continue with their investments recover financially and healthy
gundala
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April 11, 2020, 09:07:52 PM
 #105

Relatively, coronavirus is the main cause. Due to coronavirus, almost all the cities are locked down, people have become unemployed. Many people's resources are gone already. They need money to buy foods and daily necessary. That's why many people have sold their bitcoin at a lower price and the price has suddenly dropped like this.
Right, that's a very logical reason. This crisis caused difficulties in various aspects. Inevitably, some people sell assets to get fresh money, to sustain life during this pandemic. So it's not because of the loss of trust in cryptocurrency, this is just an attempt to survive in a difficult situation.

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