Bitcoin after the pandemic - page 8.

jaysabi

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Quote from: jaberwock on March 13, 2021, 10:40:48 PM

Quote from: whyrqa on March 13, 2021, 08:11:09 AM

The fact is that to date, quite large capitals have already entered Bitcoin, and institutional capital has migrated to the cryptocurrency market in a significant part. I believe that this trend will continue, as I am confident that before investing in bitcoin, the owners of large investment portfolios have done a global research and are confident in the prospects for Bitcoin in the future.

There is no way that it wouldn't continue. Look at all the companies that got into crypto, it is something to marvel at because those who invested billions of dollars made some billions of dollars in just few more months, that is unheard of anywhere in the trading world or finance world, nobody puts in few billion dollars and double it in less than half a year, but these people did it.

Grayscale and microstrategy started buying all the way from 10-15k range, and tesla bought in 40k or so range, and it is crazy to think that they have billions thanks to their investments. There is zero chance that other companies who see this increase in bitcoin and the profit making possibility of bitcoin and not go in, all those huge wall street companies, british ones, european ones, and any other nation, all those companies will get in with their billions of dollars, then we will have bitcoin at 500k+ for sure.

Please stop putting Grayscale in the same bucket as companies that buy bitcoin as part of their treasury. These are two different things and Grayscale buying bitcoin has absolutely nothing to do with bitcoin treasury purchases.

And yes, there is significant possibility that other companies see bitcoin rise and still don't purchase it. Because it happens every day. Far more often than what you're claiming happens. The level of hype here doesn't look any different from speculators in the 2000s saying "anyone who doesn't flip houses is an idiot, there's no way more people aren't going to continue to get into the market and push prices up."

There are no guarantees in investing. Not with housing in 2000s, not with crypto now.

CaVO32

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Quote from: acquafredda on March 18, 2021, 03:28:37 PM

Quote from: Natsuu on March 17, 2021, 01:18:59 PM

Quote from: acquafredda on March 17, 2021, 01:06:54 PM

One thing is for sure, those who embraced bitcoin right after the March 2020 will stick to bitcoin forever since they truly recognized the true value of BTC after the huge pandemic hit! It went just parabolic after that, how could somebody who invested not be amused?
So definitely there so much to see after the pandemic will be over.

But the pandemic made a major factor, as people don't have anything to do at home, and it is boring (REALLY BORING) to be at home doing nothing and just videocalling for work.

We can say that pandemic really has a really nice factor that make BTC, or shall we say CRYPTO great. And as you said, it is parabolic, so we will see a really great correction in some time this year or next year. Its just that we don't know if it will happen before pandemic ends, or after pandemic ends.

A friend of mine who dismissed bitcoin every time I tried to explain it to him, leveraged these pandemic days to learn more about it and become a maximalist. After he read the Bitcoin Standard and Understanding Bitcoin he went absolutely crazy. He was also lucky to buy a single coin at $6000 in May. Funny?

Indeed, there are newcomers owed to this pandemic. I have the same experience last year. My colleague suddenly contacted me about how to transact with bitcoin as she knew that I was into crypto even before pandemic. I usually don't approach first explaining what crypto is or how to transact with crypto, because normally, they won't listen to you. But times has changed. A lot have had time last year to learn more about bitcoin or crypto because they were stuck at home and they were reading some good news about bitcoin. And the good thing is, they have seen its rise and up to what it achieved today. So yes, this pandemic brought a lot of positives in crypto. Even financial institutions and large companies are now involve in this industry.

acquafredda

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Quote from: Natsuu on March 17, 2021, 01:18:59 PM

Quote from: acquafredda on March 17, 2021, 01:06:54 PM

One thing is for sure, those who embraced bitcoin right after the March 2020 will stick to bitcoin forever since they truly recognized the true value of BTC after the huge pandemic hit! It went just parabolic after that, how could somebody who invested not be amused?
So definitely there so much to see after the pandemic will be over.

But the pandemic made a major factor, as people don't have anything to do at home, and it is boring (REALLY BORING) to be at home doing nothing and just videocalling for work.

We can say that pandemic really has a really nice factor that make BTC, or shall we say CRYPTO great. And as you said, it is parabolic, so we will see a really great correction in some time this year or next year. Its just that we don't know if it will happen before pandemic ends, or after pandemic ends.

A friend of mine who dismissed bitcoin every time I tried to explain it to him, leveraged these pandemic days to learn more about it and become a maximalist. After he read the Bitcoin Standard and Understanding Bitcoin he went absolutely crazy. He was also lucky to buy a single coin at $6000 in May. Funny?

gatti

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Quote from: aioc on March 17, 2021, 09:17:11 PM

Quote from: BlackHatCoiner on March 05, 2021, 03:43:21 AM

Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

It's going to be positive, the institutions will be active again many companies are open again and people will continue to invest we will have a lively economy again, and part of that lively economy are people investing more in Cryptocurrency, in times of pandemic people are in panic and just hoarding huge amount of money in their home because they don't trust the stock market in times of pandemic.

Bitcoin is far from becoming a safe haven like gold or silver, even though its current trajectory looks similar. These are monumental changes in the underlying and will only change if the Fiat system itself is under threat. There are various narratives surrounding Bitcoin, but the biggest one still remains the fact that most volumes are due to trading. Some would argue it is gambling of sorts, while some will see a move towards digital gold.Keep in mind, equities as a traditional assets are looking very lucrative right now.

aioc

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Quote from: BlackHatCoiner on March 05, 2021, 03:43:21 AM

Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

It's going to be positive, the institutions will be active again many companies are open again and people will continue to invest we will have a lively economy again, and part of that lively economy are people investing more in Cryptocurrency, in times of pandemic people are in panic and just hoarding huge amount of money in their home because they don't trust the stock market in times of pandemic.

BuNga_cute

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For me Bitcoin before the pandemic and after the pandemic was very different, because after the pandemic many people began to understand
Bitcoin is very good for a store of value compared to other assets. Therefore a few days ago the US government distributed stimulus checks,
and from the many articles I read that many check stimulus recipients use to buy Bitcoin. Because they realize that Bitcoin's performance in
the current pandemic situation is the best to be able to make money. As long as the pandemic is not over people will prefer to store their wealth
in Bitcoin, because it is the only asset that can provide huge profits in a pandemic situation like now.

Ridwan Fauzi

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I heard the vaccine has been coming in a few months ago but I haven't seen a great impact from the vaccine. I mean, the question is where this pandemic is over? I guess it needs a long time to see this pandemic is over. We have been passed this pandemic foe at least one year and we can't do anything.

As for bitcoin price after pandemic, I believe it will be the same as now. The people will just afraid to sell their investment and choose money fiat as their place but the shadow of inflation will always exist, so they will just focus to store their money into bitcoin or in another save heaven asset like gold.

uneng

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It's hard to answer this question because there are institutional investors really interested in bitcoin (more related to technology businesses) and there are another big investors who just want to protect their patrimony from fiat devaluation and high inflation rates that is insanely happening at this moment, especially due to the pandemic.

Once global economy normalizes and starts rising again the second category of investors I mentioned is probably going to cashout their funds from bitcoin to investments like stocks and traditional assets again. We must wait by this day to see how deep will be this impact for crypto market. On the other hand, the first category of investors mentioned above tends to keep holding and investing in bitcoin more and more, what can help to keep the market stable or at least to let us have a smoother bear market.

And there is another theory yet saying the global economy won't recover never more through the currently economical system and there will be a big reset. In this case bitcoin is only going to increase in value.

Natsuu

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Quote from: acquafredda on March 17, 2021, 01:06:54 PM

One thing is for sure, those who embraced bitcoin right after the March 2020 will stick to bitcoin forever since they truly recognized the true value of BTC after the huge pandemic hit! It went just parabolic after that, how could somebody who invested not be amused?
So definitely there so much to see after the pandemic will be over.

But the pandemic made a major factor, as people don't have anything to do at home, and it is boring (REALLY BORING) to be at home doing nothing and just videocalling for work.

We can say that pandemic really has a really nice factor that make BTC, or shall we say CRYPTO great. And as you said, it is parabolic, so we will see a really great correction in some time this year or next year. Its just that we don't know if it will happen before pandemic ends, or after pandemic ends.

acquafredda

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One thing is for sure, those who embraced bitcoin right after the March 2020 will stick to bitcoin forever since they truly recognized the true value of BTC after the huge pandemic hit! It went just parabolic after that, how could somebody who invested not be amused?
So definitely there so much to see after the pandemic will be over.

Ozero

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Quote from: BlackHatCoiner on March 05, 2021, 03:43:21 AM

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

The coronavirus pandemic had only a negative attitude towards bitcoin and other cryptocurrencies in the initial period of its occurrence. We remember that in March last year, then the price of bitcoin dropped sharply to four thousand dollars. Of course, at the same time it was a good opportunity to buy it. However, since then, I believe that the coronavirus has a generally positive effect on cryptocurrency, since the general isolation of the population has aroused people's interest in cryptocurrency and increased demand for it, including due to fears of a high level of inflation.
After the victory over the coronavirus, these positive trends will continue.

mezzaluna

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Quote from: BlackHatCoiner on March 05, 2021, 03:43:21 AM

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

This pandemic is one of the reason on why most people realized people are really not that hygienic and it pushed most countries to adapt a more digitized world. This is where Cryptocurrencies come in and its not just because of the pandemic but also because of the utilization that it boasted throughout this hard times. Having a cashless way to do transactions surely made them realized that doing this is hassle free and its also another form of investment. Bitcoin after the pandemic would still be usable because it is a digital currency which is useful on a lot of situations.

Trinx01

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Even though the pandemic will over, ai don't think that bitcoin will crash too much but we can say that this pandemic brought so much with the inflation of bitcoin because a lot of people became focused more on the internet and exploring the crypto world. A lot of people now are exploring the crypto world so even though the pandemic would go there would still be a lot of people who still prefer cryptocurrency.

Rossy Akbar

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Quote from: BlackHatCoiner on March 05, 2021, 03:43:21 AM

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

I think the stability of Bitcoin after the pandemic will be okay when the user keep their work to surrounding in this forum for making a good business, the economy failed after the pandemilc will be not so easy to grow up again, that's why we need to keep using bitcoin after this pandemic. I think more people using it will make a good impact for bitcoin value.

tygeade

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Quote from: verita1 on March 11, 2021, 07:26:40 PM

Don't think that the bitcoin history of 2019 will repeat itself. Until now, those who believe in bitcoin have been convinced that their investments have a future.

What history do you mean by 2019? I remember in 2017 the price reached its previous ATH and then it was dropped which is what concerns investors now as again we are floating around the new ATH, so there are investors who worry if there will be a dump followed again. But I don't remember what happened in 2019.

Quote from: verita1 on March 11, 2021, 07:26:40 PM

Blockchain technology is conquering the way of doing things. Paypal, Visa, MasterCard and big investors have trusted bitcoin and the future is written.

Yes, the acceptance has grown and even Tesla has started accepting Bitcoins which I believe is better news than PayPal's Bitcoin acceptance. From what I have known and heard, PayPal doesn't allow user to withdraw bitcoins, only trade is allowed, I rather prefer to hold my Bitcoin in my own wallet with private keys written on the walls of my house Grin

.

I highly doubt there will be a big dump this year or in the following years because what happened in 2017 was the manipulation of the market but now what we are witnessing is the growth of the market organically.

jaberwock

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Quote from: whyrqa on March 13, 2021, 08:11:09 AM

The fact is that to date, quite large capitals have already entered Bitcoin, and institutional capital has migrated to the cryptocurrency market in a significant part. I believe that this trend will continue, as I am confident that before investing in bitcoin, the owners of large investment portfolios have done a global research and are confident in the prospects for Bitcoin in the future.

There is no way that it wouldn't continue. Look at all the companies that got into crypto, it is something to marvel at because those who invested billions of dollars made some billions of dollars in just few more months, that is unheard of anywhere in the trading world or finance world, nobody puts in few billion dollars and double it in less than half a year, but these people did it.

Grayscale and microstrategy started buying all the way from 10-15k range, and tesla bought in 40k or so range, and it is crazy to think that they have billions thanks to their investments. There is zero chance that other companies who see this increase in bitcoin and the profit making possibility of bitcoin and not go in, all those huge wall street companies, british ones, european ones, and any other nation, all those companies will get in with their billions of dollars, then we will have bitcoin at 500k+ for sure.

AndySt

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I hope so that Bitcoin after the pandemic are still very high value , we know that is we have already vaccine and once it distributed to the whole world it is time for us to back to normal again and the people will go back to work and I hope those crypto investors are still remain to invest to the Bitcoin and the altcoins or even the tokens so they can earn more money with this help.

We all also very much expect and hope for a high bitcoin price after the pandemic, but we must always be realistic and keep in mind other scenarios of the situation. A significant part of its current price for bitcoin was formed due to the attitude of investors to bitcoin as a protective asset, and measures of financial stimulation of the economy by state governments also play a role. But after the end of the pandemic, these factors will not be so significant and it is worth hoping and believing that there will not be a multiple drop in the price as a result of the correction.

whyrqa

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Quote from: Ausgewielt on March 13, 2021, 02:08:32 AM

Although it seems that many investors will invest in industry again but I think bitcoin still will be okay since we have big enough community who can make environment for bitcoin users so economic condition in our community can become more stable. Bitcoin related business will keep growing, the psychological effect of this pandemic will still affect our lives, although the pandemic end people will keep social distancing as there are some virus mutations. So online payment (cashless) will become more popular. I think bitcoin future still good.

The fact is that to date, quite large capitals have already entered Bitcoin, and institutional capital has migrated to the cryptocurrency market in a significant part. I believe that this trend will continue, as I am confident that before investing in bitcoin, the owners of large investment portfolios have done a global research and are confident in the prospects for Bitcoin in the future.

Ausgewielt

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Although it seems that many investors will invest in industry again but I think bitcoin still will be okay since we have big enough community who can make environment for bitcoin users so economic condition in our community can become more stable. Bitcoin related business will keep growing, the psychological effect of this pandemic will still affect our lives, although the pandemic end people will keep social distancing as there are some virus mutations. So online payment (cashless) will become more popular. I think bitcoin future still good.

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Quote from: CaVO32 on March 12, 2021, 07:26:27 PM

I do agree with you here. Not all people can afford to invest in a very risky and volatile environment during these challenging times. Most of them will secure their basic needs first before anything else. Though adoption is growing owed to this pandemic but still ordinary people won't invest yet in crypto. Maybe, it will be a good option for alternative payment method because a lot are now looking for digital payment, that's when small time users come in. The big investments that are going into crypto will come from these financial institutions and top companies. And this pandemic brought a lot of them to trust crypto investments.

Most of these people are about to get their $1,400 stimulus cheques from the Biden administration. When people work hard for every penny they make, the idea of investing in an extremely volatile asset may not be very attractive. But that is not going to be the case when they receive free handouts from the government. At least a section of the population would be open to the idea of investing in cryptocurrency, albeit for small amounts such as $50 or $100.

Topic: Bitcoin after the pandemic - page 8. (Read 4216 times)