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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #23  
Old 3 Weeks Ago
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how is the virus related to bitcoin trading?
do people trust bitcoin more since you dont have to touch it?
or people think their government is no longer trustworthy?
are there still retail stores like restaurants which accept bitcoin?

There is a cash shortage out there,most businesses are drawing,have drawn or expected to draw down their line of credit with their banks,Uber,Lyft,UAL,Carnival Cruise,Boeing ,practically every corporation !

Quote:
Originally Posted by rsot View Post
And this will go to bitcoin how?
no,but bitcoin has always been a sideshow,main street never consider bitcoins,now with this chaos,it has very limited potential.
Can you buy a respirator with bitcoin,can it cure the viral infection,can you buy toilet paper,rice,pasta,drug,food ?

Quote:
Originally Posted by Beautiful View Post
forget bitcoin, toilet paper is the new 2020 currency/store of value
I dont understand this rush to hoard toilet paper?
This virus does not cause diarhea,may be a few exception?
Paper towel is a better choice,stronger and cheaper.
newspaper is also good.
I would think rice,pasta,flour ,honey,bleach are better.
how about detergent,you want to wear clean clothes,clean dishes

gold,silver,currencies are stores of value in civilised world.
Did you watch the movie Book of Eli?
chewing gum,shampoo,water,fuel ,grains,chicken which can lay eggs,cows,even aspirin ,antibiotis past expiration dates are worth more.

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Originally Posted by tinsoldier View Post
Are you saying you now you want me to rub honey on my ringpiece?
use voided USPS shipping label!

speak for yourself,you like to dabble in cryto,you know what to expect.
If you are a Saudi sheik,what is a few million dollars loss?
But Cryto is still better than cabbage dolls,at one time a father was going to build a portfolio around such dolls for his kids college fund !

Last edited by TGMT²; 1 Week Ago at 02:51 PM. Reason: double posting merge
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  #24  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

forget bitcoin, toilet paper is the new 2020 currency/store of value
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  #25  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Quote:
Originally Posted by agent006140 View Post
how is the virus related to bitcoin trading?
do people trust bitcoin more since you dont have to touch it?
or people think their government is no longer trustworthy?
are there still retail stores like restaurants which accept bitcoin?
The virus caused big market gaps in traditional markets that can create fear and transfer it to crypto markets as well.

Last edited by DigiCambio; 3 Weeks Ago at 04:14 PM.
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  #26  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Average life span of a fait currency is 30-40 years. British pound has been around for 300 and change.
I just find it ironic the next bitcoin halving will coincide with the greatest financial collapse of all time.
At this rate, S2F (stock to flow) projection of $100,000 per BTC doesn't seem all that far-fetched.
Seeing that at the end of 2021, $100k won't buy you that much.
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  #27  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Quote:
Originally Posted by phaz0rz View Post
The majority of bitcoin moving revolves around drugs.
The majority of bitcoin moving revolves around trading. You could watch whale alerts to see where the coins go instead of guessing. 99% of exchanges have KYC for withdrawing $10k (ie: 2 BTC per day) or larger transactions no matter what country your in. If a cartel was using Bitcoin to move money around... They should find a new CTO. Bitcoin is NOT anonymous.

The reason BTC had this price drop was from asset managers limiting their clients risk. Although bitcoiners look at bitcoin as a low risk asset long term, asset managers do not. In order to move their portfolios into low risk assets they closed their BTC positions which had a domino effect when price dropped closing others positions that were leveraged. Couple that with the average person scared to spend liquidity not knowing if they were going to have income coming in next month and miners selling to pay for power.
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Last edited by nate; 2 Weeks Ago at 11:51 AM.
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  #28  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Quote:
Originally Posted by agent006140 View Post
There is a cash shortage out there,most businesses are drawing,have drawn or expected to draw down their line of credit with their banks,Uber,Lyft,UAL,Carnival Cruise,Boeing ,practically every corporation !
And this will go to bitcoin how?
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  #29  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

I think there is a probability that the value of usd goes down to help US economy , what do u think about bitcoin if it happens ?
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  #30  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Quote:
Originally Posted by agent006140 View Post
I dont understand this rush to hoard toilet paper?
This virus does not cause diarhea,may be a few exception?
Paper towel is a better choice,stronger and cheaper.
newspaper is also good.
I would think rice,pasta,flour ,honey,bleach are better.
how about detergent,you want to wear clean clothes,clean dishes
Are you saying you now you want me to rub honey on my ringpiece?
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  #31  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Quote:
Originally Posted by agent006140 View Post
use voided USPS shipping label!
Where do I get them from in England?

In any event, lets not take this crypto-currency thread off topic, its one subject where I am as clueless as you are.
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  #32  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

I just read gold coins,gold bars are sold out?
A 83 years old gold trader said in his 50 years career trading gold,he is noT surprised,the fact that it is out of stock,people just want more,like TOILET PAPER.
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  #33  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

Tether Issues More than 1.5 billion new USDT this Month !
https://7bitcoins.com/tether-issues-...dt-this-month/

Is this injection that will help Bitcoin break $7000 and go back between $8000 and 9000?

This is definitely a positive thing for bulls.
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  #34  
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Default Re: Bitcoin’s Biggest Daily Price Drop In 7 Years !

There has to be some good reason to turn to crytocurrency in time like this-?
that touching,hoarding gold,coins and bills could give your the virus,that stores only accept cryto currency/or we are so weak,we have no strength to carry physical store of value,we have become delirious.insane and couldnot recognise or recall where we put.
them.
or it is just not safe to have them amid all the physical crimes.
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