Store your bitcoin

[shoreno]

with the situation that we have so far i dont think people can still act or think properly . what is trendy right now is fomo . so most people basically just fomo left and right fomo mostly for selling their assets and buying important items like food , medicine , etc . so i dont think they can still remember to hold  . but few maybe because there are always people that are willing to wait and sacrifice  . these people can be called true wariors

[1714895650]

1714895650

[1714895650]

1714895650

[1714895650]

1714895650

[1714895650]

1714895650

[gandame]

The price increase of bitcoin is still unsure,

I don't say that I don't believe in bitcoin but in the current situation we have in the whole world to be exact, it is really a tough one. We don't know until when this COVID-19 will last. Until when will the holders will hold their bitcoins? Until they die?

[madhavsinghrajput]

The crypto markets will rise again after several months says who? Your crystal ball?

The halving is in under 2 months, miners won’t be selling much due to the low prices, the supply of coins is cut in half so it’s very likely that the price will rise fairly significantly before the end of the year.

The OP doesn’t need a crystal ball to predict a rise in bitcoin once this COVID-19 rubbish is over.

I think he is right.I mean i agree that there is no factual proof of miners and everything but lets be positive on this.

How'd you say so? Unless you actually have proof from miners themselves whereas they said that they won't be selling. Not saying that that's impossible, but unless you know for sure, we're just merely speculating(which brings us back in the 'predicting' zone). Also, a halving doesn't automatically mean we're going to have a price rise especially in the short-term(and possibly mid term).

Thats why LFC_Bitcoin has mentioned that we might get up move in last quater of this year.We all know this dumping in bitcoin market is due to poor performance in fiat market and that is because of covid-19.Streets are vacant,shops are closed and business are at rest but i disagree to the fact that this would be continued till the end of this year.I think sooner will be businesses up and running and this will cause infusion of liquidity which will help every market to get stabilized.
Soo my view is to be stay positive and try to invest and buy as many as possible depending on your holding capacity people will get healthy return for there investment.

[K4C]

This is not new advice, mate, old wine in a new bottle. The situation is different now, this is not the perfect time to buy and hold! Today I sold out my bitcoin, right now I don't need Bitcoin, I need cash money, safety and medicine! If you have extra money then buy Bitcoin and hold otherwise don't buy now, the price will go lower! Bitcoin can go to 2200$ too. So, be careful with your investment!

[rdluffy]

The crypto markets will rise again after several months says who? Your crystal ball?

This is the most probably to happen, soon or later all markets will recover, or do you think this crisis will last forever?
No one knows what's going to happen, maybe tomorrow or in a week we can deal with another tragedy, but looking to the past and the how the world works, the most probably to happen is: the market will recover

[Shasha80]

If we really believe that bitcoin is the future, we must also be sure that bitcoin will soon rise in price again. So it's really we must hold
bitcoin until the market gets better. The current situation is very bad for the cryptocurrency market, the corona virus effect very bad for
the cryptocurrency world. That's right, hopefully the spread of the corona virus can be stopped quickly, and can soon found a special drug
to cure this corona virus. So the world economy can recover soon.

[sunsilk]

Store it with the best wallet you prefer if you are holding it for the long term. But if you no longer have the patience to look at it and you can't take keeping it anymore, wise up and do whatever you want.

However, we holders understand that this happens and won't last forever. Just make your patience a little longer and this is part of it just like the old times.

[FlightyPouch]

At this moment,bitcoin and all other crypto currencies had a huge collapse due to the corona virus affect. This COVID-19 had a great impact on the market. But at this moment it is a great opportunity to earn and store your bitcoin because after several months the crypto market will rise again and with the increase of Bitcoin market price,your stored crypto will be increased and you will have a huge amount of profit. Besides that,we all should pray for the current situation of the world and hope it will be over soon.

It's been said that coronavirus has no effect on the bitcoin price since it is not directly connected to bitcoin or any other crypto currencies. It may rise or not but all we need to do is hold for now and wait for the halving to come. I think that is the only thing we are waiting for the price to increase.

[Oasisman]

with the situation that we have so far i dont think people can still act or think properly . what is trendy right now is fomo . so most people basically just fomo left and right fomo mostly for selling their assets and buying important items like food , medicine , etc . so i dont think they can still remember to hold  . but few maybe because there are always people that are willing to wait and sacrifice  . these people can be called true wariors

Lol. You call those people who thinks of their investments first before their health security as warriors? Sounds stupid.
Those investments and wealth are useless when you die.
The reason why we invest is to survive, buy our necessities and wants. So, would you rather compromise your survival needs just to invest in a declining market during the lock down? (Except those who are really rich and can afford to stock their needs and at the same time invest in this situation)
 This is the perfect explanation why the market is declining, is because people choose life over wealth. Not to mention the huge plustoken scam, covid-19 adds up to the burden in the market.

[carlisle1]

Without any specification when will Bitcoin price will grow but i support your advice and besides what will be the option aside from buying now?

does investors will sell in this losing situation?of course people will choose to HOLD unless we will badly needed money so have no choice but to release our funds and convert to Fiat.

but on the other side we can sell now and wait for another dump in which possibly coming soon as the effect of COVID-19 is now continues and many more dying daily .

[bin.raphael.221]

Nothing is completely insurance. This time's clearly the good time to store coins, but how long the flu last? If the pandemic wipe out a part of world's population included many coin holders/investors? First, need to take care our health first before thinking about investing.

[rodskee]

At this moment,bitcoin and all other crypto currencies had a huge collapse due to the corona virus affect. This COVID-19 had a great impact on the market. But at this moment it is a great opportunity to earn and store your bitcoin because after several months the crypto market will rise again and with the increase of Bitcoin market price,your stored crypto will be increased and you will have a huge amount of profit. Besides that,we all should pray for the current situation of the world and hope it will be over soon.

Dont bother answering those negatives because even this same advice comes out everytime the Market fall
 at least we have a contra FUD discussions.
there are so many FUDsters now coming from sleeping accounts that all of a sudden posting about the dead of bitcoin.
bagging our crypto for now is what we should do because there is a sun after the rain and this wont take long before
 we can see another growth again even without any magic needed .

[mk4]

This is the most probably to happen, soon or later all markets will recover, or do you think this crisis will last forever?
No one knows what's going to happen, maybe tomorrow or in a week we can deal with another tragedy, but looking to the past and the how the world works, the most probably to happen is: the market will recover

"No one knows what's going to happen"

Maybe this was my point all along? Hence why I'm heavily discrediting the people who are saying that "the markets will recover in a few months". And I never said that the markets will never recover. It just always boils down to "no one knows when".

[AniviaBtc]

The crypto markets will rise again after several months says who? Your crystal ball?

No one knows and all the predictions about the rising price of bitcoin or the rising of the crypto market are just a theory that has a low chance that will come true. Even there's is no Covid19 we all aware of the situation of the crypto market which no one can predict on what will be the next movement of it. Because of this Covid19, it devastated the different markets and, we are not sure about after this pandemic the price of every cryptocurrency on the market will start to recover.

I'm aware the big dump on the market in the past few days already effect many holders (most of them is now have big losses) and if we going to defeat the virus that we face right now, is there a chance that the market will lift? or it will remain in that kind of situation. Then, I guess at this point all of us are now storing our cryptocurrency or simply we will hold it until the price recovers and gonna sell it out on the best time.

During times like this, everyone store anything they need to use no matter what it is. People store food, medicine, masks, alcohol, and etc., they store something that they will benefit for. Just like bitcoin, it is very important to store and preserve its value because we know that one day, it will help us achieve our goals. The thing here is how good are you in making predictions about the crypto market and its price. So if you really trust in bitcoin, then the good thing to do right now is to buy and store it with patience and self-discipline. Everyone's hoping for the bitcoin to lift again but no one knows when.

[fiulpro]

According to the sources
Due to Shut down of banks in many countries , bitcoins search result on Google reaches an all time high.

If Fiat stops working people will ofcourse look for alternatives. You cannot just go to any shop and ask them the price if bread in per kg of gold.
Bitcoins and other cryptocurrencies are more reasonable.

During the economic crisis people are highly dependent on them honestly.

Won't hurt the government to give it some credit.

[ethereumhunter]

Storing bitcoin will be necessary right now if fiat can not work as usual. People will try to use the other payment system to buy their daily needs because they need to survive from this pandemic. It can help crypto will be popular because people can use crypto at their home to pay whatever they buy at the store. If that happens, the crypto market will rise soon, but we don't know exactly when it will happen. We can only prepare while we can try to make a profit from what we did.

[imlosser]

Yes you are right.for covid-19 now bitcoin price very dump and i think it,s right time store bitcoin because now we store bitcoin and hold some time . if we hold big amount and store bitcoin so in future we earn good profit.and i think now is the best chance to buy btc for store. 

[687_2]

The halving is in under 2 months, miners won’t be selling much due to the low prices, the supply of coins is cut in half so it’s very likely that the price will rise fairly significantly before the end of the year.

The OP doesn’t need a crystal ball to predict a rise in bitcoin once this COVID-19 rubbish is over.

I highly doubt we'll recover until the end of the year. This is going to take a very long time and I don't think crypto will be the asset people will focus on. I believe BTC will recover too, but it's most likely going to take a long while until then unfortunately.

On the other side though, this opens the opportunity for me to accumulate more. I always considered BTC dumps something like going back in time and getting a second chance to accumulate while prices are low. Hopefully things will evolve the same way they used to in the past few years as soon as the crisis is over.

I think there are a number of factors which will drive up the price of Bitcoin sooner, rather than later. Maybe the pump comes this summer.

People are concerned about the money they have in the bank. In the US there is no reserve requirement now, and with the supply of dollars increasing massively (and negative interest rates in Europe) people are actively looking for a place to store and protect their wealth.

Physical cash is an option, but it can be devalued overnight, is easily stolen at borders, and is difficult to convert to electronic format.
Gold is an option, but it has the same problems as physical cash (or worse). The only benefit of gold over cash is that it is impossible to devalue. But you still have to pay to store it (same effect as negative interest rates) and there are problems with price manipulation.

Securities are not a good place to be either, as the organizations offering them might very well go bankrupt and never be able to pay dividends in the future.

The only safe haven seems to be Bitcoin. It is the only commodity humans have which is portable, divisible, and can be transported through time without any loss.

After people realize this, and after the new supply of Bitcoin is cut in half, the price of Bitcoin will go wild.

[20kevin20]

I think there are a number of factors which will drive up the price of Bitcoin sooner, rather than later. Maybe the pump comes this summer.

People are concerned about the money they have in the bank. In the US there is no reserve requirement now, and with the supply of dollars increasing massively (and negative interest rates in Europe) people are actively looking for a place to store and protect their wealth.

Physical cash is an option, but it can be devalued overnight, is easily stolen at borders, and is difficult to convert to electronic format.
Gold is an option, but it has the same problems as physical cash (or worse). The only benefit of gold over cash is that it is impossible to devalue. But you still have to pay to store it (same effect as negative interest rates) and there are problems with price manipulation.

Securities are not a good place to be either, as the organizations offering them might very well go bankrupt and never be able to pay dividends in the future.

The only safe haven seems to be Bitcoin. It is the only commodity humans have which is portable, divisible, and can be transported through time without any loss.

After people realize this, and after the new supply of Bitcoin is cut in half, the price of Bitcoin will go wild.

Gold doesn't have the "impossible to devalue" benefit. Take a look over the 3M charts and see what I'm talking about. Gold is unfortunately of no help in these times either. Nothing is, as far as I'm concerned. Literally everything is falling. It's like an everything-bubble, contrary to what I thought the bubble was made of. Manipulated or not, gold is unfortunately decreasing in value too.

At this exact moment I think holding cash is the best thing you can do for the short term: if you hold anything else, be it Gold, BTC, stocks or whatever you want, the decrease of their value + the inflation of fiat will make you crazy. But fiat will not hold on for much longer. Long term obviously looks different: as soon as the columns holding the economy start breaking down, gold & BTC will probably jump straight into the safe haven area.

Gold vs BTC is a debatable subject. Gold isn't portable but is tangible. BTC requires technology and internet connection but gold can be faked and so on. I thought gold would be the first to pop up as a safe haven during an economical crisis, but apparently no. Moreover, I bet people will start being afraid to trade physical gold because "the virus can live on its surface".

I have no idea, man. I feel helpless when it comes to safe haven assets in these times.

[omone1]

Cryptocurrency market is the best market I have joined in my life, it falls and rises back, unlike the bank shares I bought in 2007, just before I went for my  HND, they are still dead till date, I don't bother for dividend or bonus because inflation has overtaken them. I should have known bitcoin before today.