Topic: This is our chance - page 2. (Read 602 times)

Earlier, Bitcoin discussions have experienced panic due to the decline of crypto transactions that has been said to be influenced by the falldown of economies also led by gold due to the current pandemic. Bitcoin analysts have been constantly predicting the graph of transactions and the market and can sense a backdown from users. However, in light, we also saw positive users who are not minding the situation because they know that the situation won't maintain its eruption. Now, everybody is eager to see and experience bitcoin halving which only happens once in a while and I agree, this is the chance for us to redeem our coins and earn back our loss and gain profit.

You are lucky as you still have some extra money to put in investment in this type of scenario but I can say that you have a point. Right now the crypto market is like up and downs while the halving is incoming but I am not that sure whether we can pull the trigger for the bull to occur this year as we are facing an outbreak right now.

It's good to be positive as what you are thinking as you are right about the increases of bitcoin courses that surge to 300% lately and etc. But as what I see, the government are still up for fiat solution because they are not yet ready to fully adapt the crypto system. I would love to stock some bitcoin also but maybe after the outbreak as I am having a difficulty right now with my money because of this outbreak, so maybe after the outbreak I can say that it is my chance.

Experience will tell us what to do, for those who have now a lot of experiences, for sure they have now contingency plan in order to make more money and avoid major losses. Right now the price of the bitcoin is around $6000, I do scalping but not holding because we are in the bear market and holding will lead me for me to have huge losses. I will only hold if there will be transition of trend which is the uptrend.

Halving is near but I do not yet have plan if I will buy or not because my decisions are always base on the price action and technicals because I'm used to it. There are many speculations about halving around the internet and I do not want to affect my own decisions that is why I only follow what I know.

We are not so far from another global recession and some middle income countries have already started to face the problem with lack of fund liquidity. As a precautionary step some have already announced to print trillions of money. I don't think its gonna be the only solution for upcoming global recession where definitely governments will keep building pressure on their citizens to pay higher taxes. As a result situation will get much complicated.

Hope so,,,Its high time for some countries government to think about bitcoin adoption and hopefully that's gonna help them to face next global recession for sure. To reduce the chances of covid-19 transmission already worldwide people are boldly depending on mobile banking and credit card payment rather than using paper money (Banknote). So obviously bitcoin can be a smart and safer method for all of us.

It's already been a disastrous year when the pandemic happened. But you have been in this game for too long already, and I'm sure you know the positive effect of halving right? See, you say that this is a disgrace, but the price is still above normal, way above the $3200 in 2018 and $3800 this March.

Let's see how everything goes, it there is one market that is going to recover the fastest, it will be cryptocurrency. There are a lot of arguments saying that it is not an hedge to pandemic or global recession, but look how strong the price are today as compare to other traditional markets.

The worst is unfortunately here - only if we were all free to at least continue our lives normally during the hard times.

But something tells me they wanted it this way. Otherwise, we'd all already protest on the streets. We asked them to take our rights away, we asked them to quarantine us, we asked them to do most of the things they've done. I don't think it'll be much longer until people will stop paying taxes & fees to the governments and banks as we all are going to find out we're running out of money. Are we going to give them all our money? Again? Don't they have enough money already? Didn't history teach us enough how this works and how we're once again transferring our wealth in their hands?

This would be the perfect time to move to the decentralized world, but do you think they'll let us do it with no consequences? I'm ready to accept any consequence - even prison time for allegedly supporting criminal networks and "tax evasion" - but are you? Is everyone else? I don't think so.

I want to be optimistic. I really want to. But to me it looks like we're losing the war on all possible sides and the only way we'd be able to oppose what's happening and prevent even harsher times is by turning the entire system upside down and moving to transparent or privacy-focused cryptocurrencies they can't control. The largest and ugliest issue is that we really aren't ready for such a change.

It's like a wet dream of most early BTC adopters but take your phone and take a look over all the contacts you've ever added & saved on your phone. How many of them are ready to turn the system upside down and stop them criminals and rich from doing what they've done for centuries? I'm sure not many..

Before people get to move from worthless paper to cryptocurrencies, they'll go through the same things we have been through. The unfortunate feeling of losing some BTC and not having any possibility of recovering it. The scams. The hard-to-understand nature of cryptos for a non-heavy computer user and especially for boomers. The KYC abuses. They're all part of the game and unless you're a tech savvy, it's gonna be part of yours too as a newbie. This is a process that takes time..

We got caught unprepared. God, I wish I was wrong. I wish I am and this is it - the moment we've been waiting for. But it just doesn't look like it to me at all ..

I am a firm believer of bitcoin and a few other altcoins. I store most of my money in crypto form, I do my refills and some online shopping using BTC or gifts purchased using BTC. The only time i use fiat is maybe when i need to buy food and do a few offline transactions.

But what you said is my worry too... what happens if we get 1/5th of the world population suddenly starts using BTC and transacting in BTC?
The fees alone would go to the rough (read the bull run of 2017)

A big change is coming i can feel it too. And i agree is the time to wake up and find our real financial freedom. With all this crisis in the world the trust is going to hell, we can't trust our govs or our banks, so, our only hope is to trust in cryptos. That's the clean way to get out of this crisis.

I bought about 50ETH before it jumped to >1000$ for about 60$/ETH and sold all when the price got to 800$ ( set my goal and waited). My goal is to invest 10,000$ into BTC, ETH and Tezos and wait till they triple in value and I think it will be in next 12 months.

Yes, the market trend showed red price moves again today. However, never do something blindly, market trends are totally unpredictable. So, if you plan for short terms, be careful to choose the right coins. While if you want to set for a long term, you are better to choose proven coins such as Bitcoin or Ethereum.  

Market is in good condition even the price is not in green. I think both price in green or red, the market is healthy. As long as there are many people who trade their coins in exchanges, crypto market will be always healthy. Yep, there is always a chance for market to grow up quickly.

No matter how hard you try, Bitcoin cannot be overstated, governments of different countries are pursuing Bitcoin because of their own interests, because they see the rate at which government-run currency transactions are going down, once the banks may become empty, Then the economy of the government will collapse, there will be no free money in the bank through which the government will announce the budget, you will not get any texts, banks will come. This is going to go down, so the governments of different countries are trying to curb the use of Bitcoin, but the government has not been as successful in those measures, as reports from the past show that the new user of Crypto Market Exchanger is increasing, which is higher than ever. Too much, and at this time a study by Covid19 found that the virus spreads between the bank's paper money, so no one knows. Understandably, he does not want the virus to come into his body, thus the use of bitcoin in the coming days will be greatly enhanced, and the use of other digital currencies, as well as the price of Bitcoin will be increased.

It's less than a month from now, everyone is really excited about this event, so those who have seen it before are again very energetic and enthusiastic because this is one positive news that we all have been waiting for. And with the Covid-19 pandemic and the looming financial crisis at hand, halving is the like the ace in our sleeves to fight this negativity right now.

It is always our chance as I thought.
Bitcoin price isn't so high, altcoins drop again, and we can make buy all of them. People should have to take a look at the current market condition. The global market suffered from coronavirus but we are not getting slip into it badly. Though the prices aren't showing in the bullish, however, we can see that the market still healthy and at any time, it possible to rallying back high again. Take the risk and see the result.

And yet Bitcoin isn't ready.

The network can only achieve around 7-10 tps without relying on second-layer solutions... That's barely enough to handle the current demand, and you think it's ready to handle a potential spike?

If the entire world goes to shit right now, Bitcoin will buckle under the pressure if it somehow becauses the de-facto alternative to fiat.

Anybody disagree?

nice word.. Bitcoin is very powerful in this "PANDEMIC" condition, unlike fiat currencies in almost all countries that fall..

being independent is a must in this condition.. I see a lot of unemployment arising from this "PANDEMIC" makes the economic turmoil more chaotic.
 there are currently 3 government jobs in almost all countries -> facing economic turmoil, feeding unemployment and cutting the coronavirus outbreak..

This actually made me smile. It's cool to see such energetic post regarding the upcoming bitcoin halving. Honestly, I haven't seen one before. It's my first time, and I can't wait for it as a lot of people keep talking about you. See you on the other side ☺

We are going to experience a global recession in the upcoming days which might be far more worse than the 2008 great recession. Government is printing trillions of money and we are still paying out our taxes regularly. If they are printing more and more to prevent the upcoming recession to certain extent, why should they totally depend on our taxes? With the concept of limited capped value something like bitcoin's total supply comes into existence and being understood on a global scale, we would be seeing far more interest towards bitcoin being used as a form of currency in most of the shops around us.

But the problem we are currently facing is that, majority of the people are still holding their belief on the government backed unlimited shit currencies which isn't going to last longer. Governments are suppressing bitcoin as they are fearing about the global adoption which might post a risk to their government backed currencies. Adoption is one of the major cause which is certainly required to rise the price of bitcoin and to make them as a globally accepted currency. For that, we the bitcoiners should initially educate these citizens on the positive aspects of bitcoin as a whole.

satoshi could have been one among the people who was affected greatly due to the early 2010 recession and this could have been one among the primary reasons for creation of a currency which doesn't depend upon the governmental values. Similarly, this second greater recession exactly after a decade could be seen as a turning point for bitcoin adoption as people are well aware of the consequences which they are going to face after the pandemic has reached an end. The bitcoin market is new and still maturing, thus we need another more decade to truly know the price of 1 bitcoin before they come to an end of inflation or deflation.

honestly I see this year as a year of disaster, even if halving this year I still consider this year to be a disastrous year, by that I mean that this year's halving will not have a big impact on the price and I highly doubt that it has great attention , this is a year of disgrace. at least the price is not falling much and it did not fall below $5000 which shows that there is still some hope that next year we will see very high prices, but for this year I think the maximum we will see will be $9,000

That is true but for many easier to say than to do. Not everyone can afford to be independent whether with fiat or cryptocurrencies savings and many will depend on government charity.
We are heading towards recession that might be long and deeper than we all can expect at the moment. Some will turn to cryptocurrencies as a safe harbour but it's yet to see if this will be the way to fight global recession.

World over, the growth pundits say that to boost consumption, you need to lower interest, give out investment loans, put money in the hands of people and the cycle will continue. How exactly do they model injecting trillions of dollars in one go? US Federal reserve is sending out dollars to its own financial institutions as well as to other central banks.
That effectively means injection of fresh money in the world economy without any real economic activity, which means inflation, which means fiat savings lose their value more and more. At such a time, diversifying into a form of investment like bitcoin which is effectively free from such policies is the most prudent, long term decision one could take.