Topic: Bitcoin during pandemics - page 3. (Read 1065 times)

Bitcoin did dump to 3800$ in this pandemics situation but it quickly bounced back. I still think that bitcoin is more stable than stocks or forex market. These markets recover very slowly while bitcoin always recover fast.

During pandemic bitcoin always drop and look like don't strong how to back with higher price, maybe pandemic of corona virus have make bitcoin and altcoin gone or bitcoin moment have over, how ever we need time after pandemic end then give chance for bitcoin back to higher price always.

During pandemic bitcoin always drop and look like don't strong how to back with higher price, maybe pandemic of corona virus have make bitcoin and altcoin gone or bitcoin moment have over, how ever we need time after pandemic end then give chance for bitcoin back to higher price always.

During pandemics or Corona virus bitcoin and altcoin price never wake up and exactly always down, maybe many people and investor tired with their investing still lower price and keep focus how to attack from corona virus than thinking with their investment in bitcoin and altcoin.

I have seen a lot of people trying to associate bitcoin with all sort of things. Sometimes I say they might just be coincidence and not really something to be taken serious. Something as serious as a pandemic is not something to joke around, and I know for sure that it must have affected the price of bitcoin in some ways.

There are also lots of things that has been mentioned, and those includes bitcoin miners, the Plus Token scammers, and some others. These are the things that are believed to have made the impact that led to the recent fall. Two that I am not going to doubt is this covid-19 and Plus Token scammers.

That is happening cause people are starting to panic buying means, lot of people now are pulling out their investment and spend it for their own safety as you can see, crytocurrency is not alone, stock market is literally crashing right now and a lot of other markets too are suffering. This is a world crisis and many country will suffer from economic lost because of this. If this pandemic is going to stay for a long period of time lot of people are going to suffer not just with virus but in poverty too.

I'm thinking about an extreme case, where the pandemics keep going on for a year or two, and there are almost no one here have USD, all go broke, all they have is cryptocurrency, is it possible to start to use cryptocurrency to make some economy activities without caring about fiat money anymore?

It seems that no matter how much fiat money they print, it still don't reach the people that most need them

Been seeing a lot of post about the COVID-19 and how it affects different markets like stock, oil and cryptocurrency
but I wonder if these things are just now or it happens every time there is a pandemic disease like this.

I tried to search for some charts that might help to analyze if there are really a direct effect on the bitcoin with [url=https://cointelegraph.com/bitcoin-price-index]https://cointelegraph.com/bitcoin-price-index][/url]
As I understand the word pandemic it means most every country has an epidemic.
So this is the first pandemic of note since the spanish flu in 1918-1919. Dont count the 2014 diseases.


Also if all that is wrong Btc had very little value in 2014 as compared to 2020.



More whales 🐋 own it now and they have complex investment platforms. When everything tanked only gold hung in there dropping less then 5%. So the whales 🐳 included shifting btc as part of defending their piles of wealth.

If I were a whale 🐋 I would set my wealth up by judging what I think will go down due to this world wide pandemic.

Airlines
Boeing
Movies 🎥 
mid to higher priced restaurants

all above  look to be losers in this new world  🌎

cryptocoins can be mined maybe good.

respirator builders very good.
ppe builders very good.

gold okay to good


platinum bad
palladium bad
oil bad

I am merely guessing above.

less cars 🚙 due to quarantine
less oil burned  due quarantine

less need for platinum due to less cars 🚘
less need for palladium due to less cars 🚗

So if you are loaded with a bad hold you will push to sell off.

this disease is everywhere. so lots are going to be affected.

A pandemic is likely to affect anything, this recent one is critical and it affected stocks as well; at first I thought that gold was not going to be affected but it later dropped from over 50,000 USD down to 47,000 USD or so. They have all been recovering as of recent and I hope that this situation comes to an end; Gold is now over 52,000 USD and bitcoin is over 6,000 USD.

I have seen some analysis where some people are trying to say that the pandemic is not the cause for the fall in bitcoin price, they have pointed out other reasons that possibly could have caused the decrease in the price of bitcoin. I'm finding it difficult to believe those, this pandemic seems to be clearly the cause of it. I know that those people might be trying to defend bitcoin as a safe haven and to prove that it wasn't the pandemic that caused it, but that's of no need.

This is also another reason. Not the virus, but the hysterical reaction to it.
The shutdown could include the internet and even electricity, and bitcoin is highly dependent on these two resources. So people panic and sell.

The flu kills more people each year and didnt have this reaction by governments. This is why I dont believe the narrative the media is delivering. There is something else going on.