Topic: Bitcoin has Seen a Major Boost Amid Dollar Crisis - page 2. (Read 537 times)
This once again proved the viability of bitcoin, its superiority over fiat money.
I won't expect much if I were you.
We are all in a crisis now and the panic is still there specially for US citizens.
That amount of infected which is 300k+ is something to be serious about.
Do you really think they can still afford to buy things like gold or silver or even invest with cryptocurrencies amid this virus thing?
I am a bitcoin supporter but let us be real for now.
Not because a lot of money will be given means some of them will be used to buy bitcoin specifically.
After all, we won't know that.
We are all in a crisis now and the panic is still there specially for US citizens.
That amount of infected which is 300k+ is something to be serious about.
Do you really think they can still afford to buy things like gold or silver or even invest with cryptocurrencies amid this virus thing?
I am a bitcoin supporter but let us be real for now.
Not because a lot of money will be given means some of them will be used to buy bitcoin specifically.
After all, we won't know that.
I've been doing analysis for a year (I'm a noob trader), however, my professional field revolves around statistical analysis. Anyway, many signs point to short selling. Obviously the pandemic is causing the stock markets to tank world wide, and the fact the US will have an absurd employment rate (it's speculated to be around 30%). It will take a few years to get out of this hole. The future looks grim at best. If I had btc (I sold it before it tanked and made a profit), I'd use this opportunity to get out and cut my loses.
I don't really think it is because of Trump and his stimulus package for the US economy.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
The HALVING is already priced into BitCoin, everyone already knows and expects this.
Do not worry, the next hammer will fall on the price of BitCoin with the next bad economic news.
We have already crossed and this time your negativity extends to my limit. Bitcoin's reputation won't be that low as what you have now mate. Hammer may fall but thousands of people will lift it up, now you are in a forum full of people who admires bitcoin. Don't be a hypocrite, I know you got bitcoins in your wallet. Next time you post or comment, try not to put your username at the end, it looks disgusting coz it does not fit you.
When you talk about the boost , this one is not superficial , with the governmental crisis existing almost everywhere people are now trying new things , Bitcoins is generally at the top of their list.
It is not only the dollar crisis but at the same time it is less jobs and more problems for people now , this crisis is not going to be over soon and I do think people are realizing how the Crypto community could help the companies and job seekers alike to invest , to give jobs , to look for jobs , to sell your services , the list is endless.
It is not only the dollar crisis but at the same time it is less jobs and more problems for people now , this crisis is not going to be over soon and I do think people are realizing how the Crypto community could help the companies and job seekers alike to invest , to give jobs , to look for jobs , to sell your services , the list is endless.
Its interesting to learn they thought US gov pumps BTC. But that $2 Trillion is really going to burst everything even the altcoin with the tiniest cap.
That Roubini financial professor stated the most scary situation and if he's right that the contagion is really going to get worse, its gonna be severely affect everyone even after giving out $1000 each and everyone.
That Roubini financial professor stated the most scary situation and if he's right that the contagion is really going to get worse, its gonna be severely affect everyone even after giving out $1000 each and everyone.
I don't really think it is because of Trump and his stimulus package for the US economy.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
The HALVING is already priced into BitCoin, everyone already knows and expects this.
Do not worry, the next hammer will fall on the price of BitCoin with the next bad economic news.
Hard Facts
I don't really think it is because of Trump and his stimulus package for the US economy.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
Bitcoin's price had seen a sharp fall after the outbreak of Coronavirus. In my opinion, bitcoin's price is now recovering the fall.
Besides that the upcoming halving is a good reason for bitcoin's price to pump.
Prior to the pandemic, we have been trading above $10000, just fyi, though partly we have been receiving some positive support in the market amid the crisis. Compared to most stocks and assets which are heavily down right now, bitcoin sees some rises that no one expected to have since everyone is spending money and putting their assets elsewhere. Though that's the case, I wouldn't go so far as to calling this something as a bullish move. It might be just day-to-day normal market movements as was always the case with or without the crisis at hand.
I'm very skeptical about the passive pump with the bitcoin right now, because if you come to think people now are generating more expenses than what they are generating as income, so it's safe to say that this is brought to us by some playful whales taking it as an advantage since we are not done with the pandemic yet. Do we consider it as a bullish? hmm, yea I think it is, sort of but not that huge. Better not to be comfortable with the market movement now as everything may collapse if this will get long. 
Prior to the pandemic, we have been trading above $10000, just fyi, though partly we have been receiving some positive support in the market amid the crisis. Compared to most stocks and assets which are heavily down right now, bitcoin sees some rises that no one expected to have since everyone is spending money and putting their assets elsewhere. Though that's the case, I wouldn't go so far as to calling this something as a bullish move. It might be just day-to-day normal market movements as was always the case with or without the crisis at hand.
It is too early to come into any conclusions now. It is better to wait and watch before you decide your next move in crypto market. Untill a vaccine to cure this deadly virus or a positive news or an expected date for reale of this vaccine comes out. I donot thing there will be any drastic change in the current market.
As I saw, lots of financial capital was withdrawn from stock market but where it went to. Do anyone has a question on that? Do stock investors used their fiat to store in vaults and wait for chances with lower prices of stocks to reinvest or they used fiats (cashed out from stocks) to invest in others assets, such as cryptocurrencies, and bitcoin. Gold market is another one that is attractive for investors during the highly volatile period of all markets.
I guess you know the answer I implied. The rates of recoveries between stocks and bitcoin in March almost discloses everything about the transitions of capital. I hope you will have your right decisions for your investments.
I guess you know the answer I implied. The rates of recoveries between stocks and bitcoin in March almost discloses everything about the transitions of capital. I hope you will have your right decisions for your investments.
The information is truly a big thing forward, because the grown country of the world (what we people believe) making a large volume transaction using bitcoin is a big step forward. At the same time there is nothing official data that the transaction has been done through the blockchain. It is all about the prediction, because at this condition using these blockchain platforms is the only possible solution. The market pumping is just the common thing that takes place depending on its usage and nothing to give it a hype.
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.
With this pandemic that still lingers around, i doubt if the stimulus package will cause more of crisis like how everyone is thinking, news and economic crisis influence the price of bitcoin no doubt but you shouldn't expect much of cryptocurrency price surge when the world is facing a global threat. Bitcoin will flourish and see more of bull market when the global condition is thriving with people not having to worry on when they'll finally be safe. If the world get rid of this pandemic, even if we don't see an instant bull movement in the market, I'm sure we will see more of a stable market where the market will experience a steady growth thereafter
I don't think that could help to uplift the crypto market and I really don't think that those people who can receive that money won't have an intent to buy Bitcoin but rather to prioritize their basic needs as the outbreak continue. They could never think to invest by now and we know that USA is now suffering a hard time fighting against COVID-19, it is absolutely out of their mind.
if we could see a pump in the market in the coming days, it is not because of this but it is due to people had never sold their Bitcoin or they are buying more in regards to halving preparation.
if we could see a pump in the market in the coming days, it is not because of this but it is due to people had never sold their Bitcoin or they are buying more in regards to halving preparation.
It's only me that thinks BTC is only rising due to people who sold a few weeks ago and buying again?
I don't think there's new buyers, or new source of money coming nowadays, I doubt that money coming from these programs will go to BTC, people will use to buy food and pay bills
I don't think there's new buyers, or new source of money coming nowadays, I doubt that money coming from these programs will go to BTC, people will use to buy food and pay bills
Are those packages being bought using bitcoin ? I have not seen any evidence if that is it but if not, I do not think it has influence on the price of bitcoin since it is fiat currencies that are being used for this transactions. I understand that at the moment, the price of the coin is increasing but I do not see correlation between the price and the stimulus package
i don't really see any "major boosts" to have been seen in bitcoin. we only saw a very tiny rise to get back a small part of the price that was lost due to panic sells. the major boosts we come later when the panic sellers turn into panic buyers and create a big FOMO and shoot the price up to the moon.
as for the situation in USA, it is still filled with a lot of panic and ignorance and i don't expect to see any change soon. but in the long run we can be sure that all the dollar printings and the inflation is going to be very positive for bitcoin as it has always been.
as for the situation in USA, it is still filled with a lot of panic and ignorance and i don't expect to see any change soon. but in the long run we can be sure that all the dollar printings and the inflation is going to be very positive for bitcoin as it has always been.
Heh, yeah. If this is a major boost, then I dread to think of the weeks and months ahead, this close to halving, when we don't have Trump or some other Kiyosaki guy to rely on for "pumps".
That fomo does seem so delectable now that everything is poised so well, with all the panicking only taking us to these levels of prices, I'm actually feeling optimistic my conservative outlook that lasts till end of 2020 could be overturned.
Tsk, why am I tempting fate?
i don't really see any "major boosts" to have been seen in bitcoin. we only saw a very tiny rise to get back a small part of the price that was lost due to panic sells. the major boosts we come later when the panic sellers turn into panic buyers and create a big FOMO and shoot the price up to the moon.
as for the situation in USA, it is still filled with a lot of panic and ignorance and i don't expect to see any change soon. but in the long run we can be sure that all the dollar printings and the inflation is going to be very positive for bitcoin as it has always been.
as for the situation in USA, it is still filled with a lot of panic and ignorance and i don't expect to see any change soon. but in the long run we can be sure that all the dollar printings and the inflation is going to be very positive for bitcoin as it has always been.
USD has been much volatile for a month now. The increase in price of BTC is also seen due to it being shown in relation to the USD while USD decreased in valuation with respect to many of global currencies. And now the price of USD has been recovering a bit and the crypto market seems to be increasing for real.
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