Topic: 60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This? (Read 580 times)
April 21, 2020, 03:09:14 AM
This dive would presumably damage the financial specialist notoriety of bitcoin yet i feel there are an excellent deal of oppurtunity for the bitcoin to rise another time , twiddling my thumbs and it'll go soaring another time (I trust). we do not generally got to lose trust. This pandemic are going to be over during a matter of moments and when that happen possibly a spike will occur.
April 20, 2020, 02:58:43 AM
No, there won't be any difficulty, I'm sure of it.
April 20, 2020, 02:57:06 AM
I don't think Bitcoin, from now and in the near future, is generally going to be mentioned and famous as an alternative idea to protect a person's cash.
If financial emergency stimulants and financial exchange keep practitioners / dealers plague, a few couples, for example, may start to dare for bitcoin, gold or silver, other better and more important sources.
If financial emergency stimulants and financial exchange keep practitioners / dealers plague, a few couples, for example, may start to dare for bitcoin, gold or silver, other better and more important sources.
March 24, 2020, 07:21:11 AM
Same way people can't give a valid answer when btc rise in price is the same reason why no one can give a valid answer to your question, i guess the only valid thing to do at this moment is to wait and watch, this dump has been attributed to various reason but nobody can say for certain what is the cause, so asking this same question all the time won't help anyone, the dump has already happen, what is left now is wait for recovery, btc will definitely recover.
There's plenty of valid reasons when Bitcoin goes up, and down. Its not random, and is impacted by world events just like any other currency. However, just like other currencies finding out what the actual cause is, and being able to validate claims is almost impossible. Causation is something which is studied in a wide variety of fields, and its uncertainty is no different in Bitcoin. I'll be honest, it seems that you probably don't have a grasp on what the possible causes could be, and making a statement such as "Bitcoin will definitely recover" without actually knowing why that is the case isn't a good idea. You may have faith in others who do know, and that would be totally valid, however Bitcoin like anything in this world isn't guaranteed to recover. Do I think it will? Yeah, but I couldn't put a time frame on it, as we haven't been in this situation before. All world economies are shot, and will be for a while after the current pandemic. Bitcoin halving you could argue will have a positive effect on Bitcoin, and you probably would be right. Although, having said that if the current pandemic is still peaking around the world then we could possibly see Bitcoin drop even further before, and immediately after the halving.
March 24, 2020, 07:14:51 AM
I think no.A stable currency like btc whatever happens wont get hard to find investors.
Bitcoin is not stable, it maybe a strong currency but it's not stable. People say that investing in bitcoin is like investing a high risk asset, that would explain why its not stable.
We can lose our money here and on the other hand, we can also make more money here, this is a gamble, we invested because we believe even without assurance that in the long run we will be profitable on this.
Bitcoin has proven its worth as a currency.
Agree with this based on my personal experience using it, I can use bitcoin in gambling and buying stuff online, so anyone can do the same. March 24, 2020, 04:37:04 AM
I think no.A stable currency like btc whatever happens wont get hard to find investors.Bitcoin has proven its worth as a currency.
March 18, 2020, 03:22:02 PM
How many people invest in dollars, or euros, or yen? Not many, yet that doesn't seem to affect their values. Anyway, only the investors care about the price and investors aren't needed.
Holders of any currency care about the price, or purchasing power. I know multiple people living in the UK who avoid holding any of their savings in Pound sterling, because of its weakness over the past decade or two.
vaccine is already in trial phase as we speak. and there are quite number of institutions and pharma companies that are into developing the vaccine.
That might be true, but it's still going to be months until one hits the market even if a successful vaccine gets developed. And having a vaccine won't instantly eliminate all this fear and hysteria that's crippling markets--and I wish I could confidently estimate how long it's going to take for bitcoin, stocks, metals, and everything else to bounce back, but I don't have a clue.Nobody has a clue.
The Chinese government has been testing a Japanese flu drug on COVID-19. They say it's clearly effective and safe. It's not a vaccine, but it offers some hope on the treatment side.
March 18, 2020, 03:14:09 PM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
The straight answer is no. This is not just first time bitcoin or crypto currency facing hard time. Remember what happened Q1 2018 but after all drama market was starting moving forward which was continued before this fall. So there is no suspicion that btc will rise again. There will be lot of question in our mind if only crypto currency market fall this moment but you can see every single marketplace are fall apart because of corona. So after all this drama btc or crypto currency or every market will be rise much properly. And there is plenty of chance btc will bump too much during the halving. So investor will love to invest on bitcoin for big profit.
March 18, 2020, 02:33:19 PM
Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.
All i see now is cheap bitcoin waiting to be bought, especially now that the Chinese giant is waking from its slumber...
You say this is a test, the test has not finished. When it gets obvious that it recovers, you won't get a chance to get in, it will be too late.
The global economy might or might not recover as quick as bitcoin, but it doesn't matter, they are not really linked. I'm guessing many people were selling to buy other things, that won't need anymore once the virus is gone.
If you want an answer to the question, then the answer is no. Plenty of people worldwide consider bitcoin too useful to let it pass. And China, the first country that went to sleep, is now the first to wake up...
March 18, 2020, 01:53:09 PM
vaccine is already in trial phase as we speak. and there are quite number of institutions and pharma companies that are into developing the vaccine.
That might be true, but it's still going to be months until one hits the market even if a successful vaccine gets developed. And having a vaccine won't instantly eliminate all this fear and hysteria that's crippling markets--and I wish I could confidently estimate how long it's going to take for bitcoin, stocks, metals, and everything else to bounce back, but I don't have a clue.With respect to the topic of this thread, I would say the recent slump in bitcoin's price represents a great buying opportunity for anyone who wants to own it. Plus I'd say that there seems to be some support that's keeping bitcoin from falling ever further than it already has. It's above $5k as I write this, which isn't all that bad if you think about how bad it could be.
Then again, the worst may be yet to come. I'd like to think that won't be the case, but it certainly could.
March 18, 2020, 01:44:58 PM
The only winner here are the exchanges, they are truly milking the space, I believe they allow the market to crash and experience this free fall.It is a learning curve for the space, I have seem some people change their price forecast but if we don't see any real lasting solution to this Virus the price might dumped further.
March 18, 2020, 12:52:18 PM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
He's a legit and respected guy, and he was right about the crash. What he said, though, is that Bitcoin will go down at least at the beginning. So this seems to mean that even he has a hope that it's not the ultimate crash or anything that will stay for a long while. Bitcoin can still recover, and I think it's been doing alright since the say of the crash, to be honest. The price dropped drastically, but now it's been pretty stable over $5k which is quite strong of Bitcoin. https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
However, when I look at the recent interview he gave, he believes that the economic crisis is close. He says that Bitcoin might go down along with everything else and that in any case, it's not ready to support a big number of people yet (here's the interview)...
March 18, 2020, 12:23:31 PM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
Exactly what I kind of wonder sometimes. The prediction and the drop seem to have happened, then here is corona virus pulling down countries economy and making people sell off. I mean, how does that get to happen. There was no corona virus before then, now it is a factor pulling price down. How did it really happen ?
We will see more if this virus spread more and affects more countries as investors and traders will back out and simply hold their money.
March 18, 2020, 12:20:31 PM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
Exactly what I kind of wonder sometimes. The prediction and the drop seem to have happened, then here is corona virus pulling down countries economy and making people sell off. I mean, how does that get to happen. There was no corona virus before then, now it is a factor pulling price down. How did it really happen this way ?
March 18, 2020, 09:28:37 AM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
This is actually the right time for the investors to enter again.https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
maybe in a couple of days or weeks when they finally believe that the Bear was gone?sure thing investors will Buy bitcoin again and you will see how fast the price will go up again.
yeah we had a sudden fall in a day but we will make a higher growth after the fall,it may take some time but will surely come.
March 18, 2020, 09:00:54 AM
Soon or later this crisis will stop, and investors have to put their money into something
Look at the stocks, it's all red too, we are facing a serious problem and our life is at risk, so it´s normal to see BTC prices crashing, stocks, USD etc
Look at the stocks, it's all red too, we are facing a serious problem and our life is at risk, so it´s normal to see BTC prices crashing, stocks, USD etc
March 18, 2020, 08:08:09 AM
BTC will always find investors. By how the market works, it doesn't need more investors to reach its ATH again. The markets only need few people bidding each others price and with scarcity, its price can sky rocket and the moon isn't even the limit. You can just wait til the scarcity kick in, before the next 4 years come you'd be seeing prices going up again.
Covid19 is just a hiccup to this market. There is a good side to this event too which countries affect may now consider cashless because they are seeing banknotes are helping the virus to act like wildfire.
Covid19 is just a hiccup to this market. There is a good side to this event too which countries affect may now consider cashless because they are seeing banknotes are helping the virus to act like wildfire.
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March 18, 2020, 07:58:50 AM
Why should Bitcoin find Investors after what happened to it?? There is no reason for it to happen.
If you are a good investor, you must know that you should have kept some funds for times like this. Times like this where Bitcoin goes down very hard so that you have to use for accumulating more Bitcoin. Bitcoin is a lot cheaper right now than it is weeks ago so if you are a good investor, you must position yourself and buy Bitcoin. We saw already this cycle. Bitcoin goes up then goes down but will rise slowly. This unexpected drop of Bitcoin happened because of the massive paranoia that the virus created and the leverage exchanges which the longs got liquidated causing the price of Bitcoin to go down very hard.
Buy Bitcoin right now it is cheaper or you will regret it for the rest of your life
. Kidding
If you are a good investor, you must know that you should have kept some funds for times like this. Times like this where Bitcoin goes down very hard so that you have to use for accumulating more Bitcoin. Bitcoin is a lot cheaper right now than it is weeks ago so if you are a good investor, you must position yourself and buy Bitcoin
. We saw already this cycle. Bitcoin goes up then goes down but will rise slowly. This unexpected drop of Bitcoin happened because of the massive paranoia that the virus created and the leverage exchanges which the longs got liquidated causing the price of Bitcoin to go down very hard.Buy Bitcoin right now it is cheaper or you will regret it for the rest of your life
. Kidding 
March 18, 2020, 07:39:47 AM
One could argue that miners are investors. They invest in mining hardware in order to yield bitcoins.
Bitcoin doesn't need speculators and traders, but I also think speculation creates adopters. If not for the bubble in 2013, I may never have heard of Bitcoin. I originally bought in because of the hype, but now I'm a frequent user and not much of a speculator.
Bitcoin doesn't need speculators and traders, but I also think speculation creates adopters. If not for the bubble in 2013, I may never have heard of Bitcoin. I originally bought in because of the hype, but now I'm a frequent user and not much of a speculator.
That's definitely in my definition of investors. Most people I know buying or trading, don't actually have bitcoin? They're just trading numbers on a screen, either as outright derivatives (futures maybe) or just "bitcoin balances" on trading accounts. These to me aren't investors, purely speculators. And you're right, they shouldn't be disregarded or dismissed. They do their bit for awareness, which then opens up adoption. Every participant has a role in this ecosystem.
So Bitcoin may have a hard time finding new speculators, or convincing old ones to keep speculating. But the miners, the users, these are the investors and they know to expect these dips, as they do the parabolic rises. Nothing changes.
March 18, 2020, 01:50:57 AM
Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
I believe Bitcoin will always rise up after a crash. Investors already know it like the palm of their hand. The crash happening today is because of panic. Markets are all down. When this pandemic ends, investors and other people will start coming back to Bitcoin once again. They are just waiting for the right time, and we have to accept that it will take some time.
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