Topic: Store your bitcoin - page 4. (Read 874 times)

Well, this could benefit anyone who is interested in investing for a long time. The price is moderately low now. Not even the bitcoin alone but also many other top cryptocurrencies. There is no way the price will not recover and if this eventually comes, we might be looking to making at least 40% interest if bitcoin is purchase now. For someone like me, I have no option than to keep my crypto safe in my wallet and hope for a greener day.

As iny early growth is good even I do not think that this is a whale trap for manipulation again, which is clear I have been holding bitcoin in the basket for a long time maybe until the corona virus condition disappears.

This is a good recovery. Let's see in the next few days whether it will continue to increase or decrease again.

Holders will be those who will benefits from this coronavirus pandemic. Most investors who sold off their portfolios will regret their actions once the market stabilize, things like this will only affect those who aren't conversant with the way the digital currency work, the manipulations that are involved in the market. Store that Bitcoin in your confers means your strength whenever the price of the digital currency increase. Am holding my stash because I believed in the world of digital currency and not that of fiats.

seems like the effect is obvious now mate?look at the market movement now it is growing and all are in Green lights.
is this the sign of recovery?or another Whale trap?
there are some currencies that even high with more than 10% so i guess this is something to look at because were near Friday again in which the dead point of market as what many says.

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.

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.

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.

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. 

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.

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.

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.

"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".

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 .

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.

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 .

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.

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.

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.

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.

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