Bitcoin dropping

Yep oil prices and the stock market and everything else is plummeting too. Probably a good time to buy if you have spare cash lying around.

Hi guys!

In fact, analysts expect the cryptocurrency market to benefit from the potential impact of the coronavirus outbreak. So they suggest that it’s a good time to invest in different cryptocurrencies.

Ed's note: link spam removed.

Your comments and thoughts are highly appreciated.

Cheers,
Karl
Bitcasino.io

It's back at 8k+ today so not exactly that huge of a drop I guess..2-3 months back (or maybe even sooner)it was at 7.5 all the time.

What's the wallets or platforms you guys have been using to store or trade your coins?

I've used Coinbase before but I'm struggling to authenticate and link my bank account there so not exactly very functional for me, and the fees for purchasing coins through a debit card are quite high compared to other sites I guess.

My bank also doesn't stimulate to say the least trading bitcoins (don't know what their problem is to be honest cause they charge fees for the transactions anyway).

Thanks for the tip Karl, I'll make sure to check that out, could be a useful info IMO.

It is only a good time to buy more BTC and I see that it is correcting. I will advise to make smaller investment in times like this and not investing more than you can afford to lose as the dip may further to what you may not like to see.

Bitcoin is more volatile than my brother-in-law when his drugs run out. I respect the hell out of people that invest in it, but I don't have the guts to do it.

barbadosslim93 wrote:

Bitcoin is more volatile than my brother-in-law when his drugs run out.

Wow, That's quite an example slim, so it's that bad...!?

Thankfully I cashed out 95% of my Bitcoin at peak. I moved the remaining 5% to Ignition Casino to "protect" against price fluctuations after the initial drop.

However, the price could have gone either direction and that's important to remember...you can't make the perfect decision every single time with a volatile asset like Bitcoin.

It's really dropping now...under 6k! Didn't see that coming to be honest.

coolsongss wrote:

I visited and opened my account there.
Do you require verification for BTC withdrawals?
How long usually do withdrawal take, with mins, hours, 1 day, or 2~3 days, etc.?

Hi!
And thank you for joining us. Take a look around and we hope you enjoy your stay 🙂

About verification for BTC withdrawals. Well, we can be flexible on withdrawals, but we do have the right to carry out KYC verification procedures and access to your account may be blocked or closed if we determine that you have supplied false or misleading information.

We also reserve the right to carry out additional KYC verification procedures for any withdrawals exceeding the equivalent of 1 Bitcoin or €2000 as regulated by our gaming license.

If you have any other questions, feel free to contact me.
I am happy to help anytime 🙂

Cheers,
Karl
Bitcasino.io

Forgot to mention that withdrawal takes under 2 minutes 😉

Cheers,
Karl

Bitcasino.io wrote:

Your comments and thoughts are highly appreciated.

My first thought is that people from casinos run by companies that have been busted running pirated games are not welcome here. I don't care if all your games are legitimate now, we have zero tolerance for that stuff. It shows a complete lack of professionalism and application of due diligence at best, and a deliberate attempt to rip off players and game developers at worst.

Every time you post your casino name here it links to our blacklist page.

Please don't come back.

coolsongss wrote:

I visited and opened my account there.
Do you require verification for BTC withdrawals?
How long usually do withdrawal take, with mins, hours, 1 day, or 2~3 days, etc.?

Karl's now banned so he won't be back to answer, but I'd highly recommend avoiding their casino coolsonggs as they have a very shady history.

Stunning drops across the top 10 cryptocurrencies today! It was the highest single-day trading volume in Bitcoin's history.

Matthew wrote:

Stunning drops across the top 10 cryptocurrencies today! It was the highest single-day trading volume in Bitcoin's history.

I guess that means that almost everybody were looking to buy?🤔

And should that have the opposite effect and raise the price a bit when the demand is that huge?

I don't have spare cash lying around to invest in bitcoin now, but I never really understood bitcoin anyway, it seems too complicated for me and changes drastically all the time.

sharpe wrote:

I guess that means that almost everybody were looking to buy?🤔

And should that have the opposite effect and raise the price a bit when the demand is that huge?

Well no, not everybody was looking to buy and that is why the exchange price crashes. The sellers have to keep lowering their bids to entice someone to buy.

It seems to me that this is the same covid-19 virus panic that has hit the stock markets in the past week. Everything is cratering as people are panicking and converting to cash. Usually this means they lose loads when the markets rebound in a few weeks or months time.

Well its gone back up to over $6500 a coin over the past few days, possibly in response to some dope in the U.S. government who publicly stated that they could print an unlimited amount of cash to stimulate their cratering economy. Hmmm. Maybe the guy should go visit a high school economics class and ask the kids there why that might not be such a good idea before suggesting such stupidity.

Yeah...the rate would probably stabilize a bit...it's not possible to go down whole the time...not that I'm really aware about it but just a common sense I guess.

After taking a quick look at the trends it seems like it's slowly climbing up, as expected really. But since I don't use Bitcoin it doesn't matter to me much.

Maybe not so surprisingly the rate has gone up again in no time...and once again I didn't took any action to take advantage of it despite having quite a deep consideration about it...stupid me...that's what should be the description of a laziness I guess.

It is a volatile market, look at the price of Bitcoin has experienced a 100% increase in a matter of three weeks after the fall