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Showing 20 of 1,268 results by Meowth05
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Board Bitcoin Discussion
Re: Bitcoin's Correlation with Stocks is Dropping
by
Meowth05
on 07/04/2020, 08:25:10 UTC
Stock and bitcoin are different market. Stocks are shares on the company that is sold publicly and bitcoin is more of a currency. They are both going down because we are facing a crisis and that explains the correlation of stock dump and bitcoin dump.
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Board Speculation
Re: Btc:Could we expect a bigger push -up?
by
Meowth05
on 07/04/2020, 07:36:00 UTC
It seems that this push up will be unpredictable. The price went 7k last time and there is another plummet. This might be a temporary pump but I hope that I will earn a lot in the next days.
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Board Bitcoin Discussion
Re: Bitcoin payment for Exploit.
by
Meowth05
on 07/04/2020, 06:52:58 UTC
Wasn't expecting that there are people out there that can do this much in times of crisis. The hackers are using a ransomware to make sure that they will pay for data recovery, at times like this no negotiations are worth it more than many of their patients life.
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Board Bitcoin Discussion
Re: Privacy in Bitcoin
by
Meowth05
on 07/04/2020, 06:19:18 UTC
The reason for th e KYC is to prevent the chances that there is a money laundering scheme that is going to happen. Privacy has been the key feature of bitcoin so removing it defeats its purpose.
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Board Bitcoin Discussion
Re: Bitcoin is freedom
by
Meowth05
on 07/04/2020, 05:33:37 UTC
The reason that they are printing is there is a need for financial stimulus because of the crisis. I agree that bitcoin gives the people the freedom but I think that we should consider that there are other things that will liberate us be it financial or our soul.
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Board Bitcoin Discussion
Re: Comeback for the bitcoin
by
Meowth05
on 07/04/2020, 04:41:11 UTC
I would rather buy and invest because it has been evident that the current price dump will be reciprocated by a skyrocket of the price, plus the halving will surely impact the prices and when that time comes when we reach the peak, that's when I will sell it.
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Board Bitcoin Discussion
Re: This is why I sold my 0.67 BTC!!
by
Meowth05
on 07/04/2020, 03:59:19 UTC
Selling your btc at a time like this is very unfavorable to you because the prices are lower, I can't blame you though, there is expenses at this times of crisis.
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Board Bitcoin Discussion
Re: The first BTC ATM in Nigeria
by
Meowth05
on 07/04/2020, 03:16:52 UTC
This is a great news for the cryptocurrency community, I really love that this helps in making the situation alleviated, I wish my country will try to embrace the power of bitcoin, there is no ATM that accepts crypto in my country though there banks that accept a transaction but you still have to use a middle man like app to gain an access.
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Board Bitcoin Discussion
Re: In times of turmoil, is Bitcoin really a safe-haven asset?
by
Meowth05
on 07/04/2020, 02:37:39 UTC
There is two answers here, first is that bitcoin will not be so safe if you have bought it higher than the current price, in turn you will have loss. Second, is that when you bought bitcoin at the time when it was lower than its current price then you will have a profit. There is a duality in this situation so it really is up to you.
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Board Bitcoin Discussion
Re: Look at the setup that is developing right now for crypto
by
Meowth05
on 07/04/2020, 01:43:29 UTC
1. Market has been like this for a long time, it is the people's mentality that are ever changing.
2. Stimulus are supposed to be used to buy basic necessities, there might be a lot of low cost stock to invest right now, but survival comes first.
3.I think halving will affect bitcoin because there will a cut to global supply.
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Board Bitcoin Discussion
Re: How many people here would choose bitcoin as their form of payment?
by
Meowth05
on 06/04/2020, 08:17:21 UTC
I don't have a lot of holdings right now so I will chose to not pay my bills with bitcoin, my country does not yet fully accept crypto as a means of payment so I will just have to stick to fiat for now.
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Board Bitcoin Discussion
Re: Recent Corona Virus Scams
by
Meowth05
on 06/04/2020, 07:27:46 UTC
To avoid this scam you need to have a good knowledge how scam works, they play with your emotion so having a calm and collected demeanor surely helps a lot when dealing with this. Help your old folks to know that there are scammers, the reason they fall for the bait is they are not informed. Instead of donating in charities in Internet, you should instead donate in your local charity, they are more legitimate.
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Board Bitcoin Discussion
Re: We are having the difficult time, are you still a Bitcoin HODL?
by
Meowth05
on 06/04/2020, 06:52:05 UTC
I definitely would hold because this is just a temporary problem and the price will surely go up as soon as it goes down, it is unlikely that bitcoin will just plummet forever.
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Board Bitcoin Discussion
Re: Why people are comfortable investing in government controlled investments
by
Meowth05
on 06/04/2020, 06:17:02 UTC
I think the reason that people invest in government controlled investment is that it is safe and it has insurance so if something happens you will still have the assurance that you will not lose your money.
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Board Bitcoin Discussion
Re: Would You Rent A Car With Bitcoin?
by
Meowth05
on 06/04/2020, 05:32:41 UTC
I would rent a car but I think it is better if I just buy a car it is much better and more worth it. I am speaking my opinion so no harm intended, it's just that it is more practical to buy rather than rent.
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Board Bitcoin Discussion
Re: This is why I sold my 0.67 BTC!!
by
Meowth05
on 06/04/2020, 04:53:31 UTC
That is understandable because there are a lot of people who need the money fot sustenance right now. You should buy when the price goes lower so you can have a profit.
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Board Bitcoin Discussion
Re: Happy Birthday Satoshi, April 5, 1975
by
Meowth05
on 06/04/2020, 04:20:30 UTC
We aren't really sure who he/she really is but nonetheless this serves that he/she is a human and that bitcoin has a founder.
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Board Bitcoin Discussion
Re: What could be the effect of corona virus on crypto industry?decrease or increase
by
Meowth05
on 06/04/2020, 03:46:07 UTC
There will definitely be a decrease because there will be a lot of people who will be pulling out their holdings and it will cause for plummet and I think that is an oppurtunity to buy when the price is low.
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Board Bitcoin Discussion
Re: Comeback for the bitcoin
by
Meowth05
on 06/04/2020, 03:10:22 UTC
There will be a comeback but I don't think that we can really predict it because of the market's volatility, plus the external factors such as this pandemic and rules and regulation that are implemented.
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Board Bitcoin Discussion
Re: Astralia Taxpayers use bitcoin
by
Meowth05
on 06/04/2020, 02:32:57 UTC
I don't think it is a good idea to pay your taxes in bitcoin, first is that bitcoin is decentralized, second is that the price of bitcoin is always ever changing so you will pay much more in the long term. It is not that I am against but I am just giving the disadvantages.