I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.
The halving might change this outcome, though, but we will not see the effect immediately.
One thing that might help is the exchanges reaching a consensus about putting circuit breakers on their books. These controls exists in the stock markets, and although they wont avoid the crash, it makes the impact less painful.
In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers. This level of vulnerability to derivatives dont happens with other assets. Exchanges should change their algos to provide some measure of security to its traders.
As for the retarded hodler cult, I would not listen to anything they say. In fact, I've put most of their members into the ignore list. They do make holders looks like retards. In fact, holding for a 500-year long bear market is a retarded thing, so do your research and sell a small part of your stash, if you feel this crisis might last more than you planned to hold bitcoin (usually five years for most people). Just dont go all-in in both directions, as banks are also vulnerable to this crisis and we dont know what governments are up to. Right now entire regions around the world have become prisons because a dozen people died from pneumonia.
Whoa! Talk about all the hate in the world, and you are seemingly giving FUD on the market and about the given problems with the Pandemic, yes I really think the fall down have some effect on the said COVID issue but there is also a correction lurking on the corner, not all is because of the pandemic problem and right now I think that the price is doing great at the moment sitting from $6600 USD mark I think Bitcoin is still doing a good job,
And regarding another virus that may become Pandemic, I think we need to relax and take the research about it first and making a false assumption, here is an
ARTICLE about it
Another thing about the Holders well you are right that sometimes we need to be in the smart side of things regarding the movement and sway of Bitcoin and that is a good thing to do in my opinion but I believe in both principle yes be a holder this will provide bitcoin with the floor it needs when some pandemic cases like this happen again and are in the side of a smart holder as well that means keeping a big chunk to hold and a small chunk to move when the sway happen.
