Bitcoin - Reinforced by the pandemic

kawetsriyanto

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

Bitcoin price behaviour has been somehow similar to stocks and gold during this COVID worldwide crisis.

Is it actually quite different?
During the pandemic, moreover at the early, this year, lockdowns and jobless are everywhere. Gold is increasing so highly because they want to invest their money in gold, but other stocks are no, they are really down.

But here, the price of Gold seems very changing and it is decreasing. It is different from what happens to BTC. The price of BTC itself is increasing highly and significantly, moreover in this week.

FlightyPouch

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Quote from: mangsitin on November 17, 2020, 05:28:54 PM

now i really believe in bitcoin, usually, i hate bitcoin or fear when bitcoin falls, in march 2020, bitcoin price is $ 3800. I predict that Bitcoin will crash and die. but now the reality front of my eyes, bitcoin is recovering again. many figures admit bitcoin is better than gold and silver. bitcoin will create a sharp rally like 2017.

You should know that we know better than that. That we won't just leave bitcoin since the price dump that low. There will be a lot of investors that would take that dump as a chance, as an advantage to reinvest. Just imagine the profit we have right now, that is almost 5 times that profit they since that sudden fall. Bitcoin will not die, people won't let it die.

mangsitin

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now i really believe in bitcoin, usually, i hate bitcoin or fear when bitcoin falls, in march 2020, bitcoin price is $ 3800. I predict that Bitcoin will crash and die. but now the reality front of my eyes, bitcoin is recovering again. many figures admit bitcoin is better than gold and silver. bitcoin will create a sharp rally like 2017.

7788bitcoin

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

My question for the crypto community in here: Do you think that the fact BTC has survived the initial dump and rebounded, consolidated, marched upwards, and now standing close to its ATH acted as some kind of reinforcement to the trust investors have in this asset?

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

I am here in the community because i trust bitcoin more than any other financial asset and if you are smart to invest at the right time then the market will give you the results you are looking for. The recent surge in price was not expected by me in this short period of time but i am happy to see that it was able to break multiple resistance and still soaring and it is because of big investors playing their hand as well.

milani

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

Bitcoin price behaviour has been somehow similar to stocks and gold during this COVID worldwide crisis.

My question for the crypto community in here: Do you think that the fact BTC has survived the initial dump and rebounded, consolidated, marched upwards, and now standing close to its ATH acted as some kind of reinforcement to the trust investors have in this asset?

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

May be you are quite right. There is a sense in your words. May be people just saw some perspective in Bitcoin snd crypto, and some alternative comparing with different other investments. And were staying too long at homes people should do something, being jobless in most cases and without opportunities to get wages. So lots of people or remembered about BTCs, or even tried to learn this direction and to go into it, like trying the onliest opportunity that stayed off the influence of crisis that different businesses faced.

verita1

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I think that the behavior of Bitcoin in March in the midst of the crisis due to the pandemic was due to the uncertainty of investors about how the economy could advance with all that panorama. As time has progressed we have clung to the digital economy which is why Bitcoin is the best option. There are also top Bitcoin advocates who are doing a great job of pushing the currency forward like Grayscale's Barry Silvert, MicroStrategy's Michael Saylor among others. I think that Bitcoin will no longer be like before it is evolving for our future.

crossabdd

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If someone followed the movement of the bitcoin market from the beginning, or the middle of 2014-2017, I think they have believed that bitcoin will not fall like the first price. The price drop is giving opportunity to those who believe in the strengthening of bitcoin. and today has excited bitcoin holders, and the bitcoin crisis will keep them calm.

traderethereum

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Yes, bitcoin has survived the initial dump and rebounded from the lowest price into the highest price, and from what we see from this year, the price starts the rallies, although it does not directly jump to the current price now.
If the investors see this, they will trust bitcoin again as before, and maybe that can attract the old investors who leave bitcoin in the past because they lose the money to come back and invest in bitcoin again.
It is important to gain trust from the investors because that can give bitcoin has the opportunity to increase step by step.
Maybe the new investors have more confidence in investing in bitcoin because they see that the way of bitcoin will be bright in the future.
This time, the investors will not just invest in bitcoin, but they also learned more about bitcoin, so they know that bitcoin prices have volatility.
They will be careful to decide when to invest in bitcoin because they can be responsible for their money, and they will minimize the risk.

CryptopreneurBrainboss

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

Bitcoin price behaviour has been somehow similar to stocks and gold during this COVID worldwide crisis.

Here's the fact, with or without the pandemic bitcoin would had still outperformed all assets this year. In my honest opinion I would say the pandemic even held bitcoin growth backwards as it made it difficult to some extent as bitcoin had to recover first from an initial crashed before the profits started pouring in.

Sometimes you might want to look the other way as it could be the lack of trust by investors in other assets that made them drive into the nearest assets with a different ideology. Most investors coming in of recent don't believe in the vision bitcoin is working on which relate to them not trusting bitcoin but just don't want to miss out of the profit the industry holds as they're see a new waves flowing in that direction.

uneng

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

My question for the crypto community in here: Do you think that the fact BTC has survived the initial dump and rebounded, consolidated, marched upwards, and now standing close to its ATH acted as some kind of reinforcement to the trust investors have in this asset?

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

Of course each new year bitcoin stands its position in the market means a reinforcement to the trust of currently and new investors over the digital currency. As I see, bitcoin's reputation is only growing day by day and the pump we had in btc's price this year reflects this reality. But talking particularly, my confidence in bitcoin is still the same since 2016. Although there were deep dumps and bad comments about bitcoin I didn't stop believing.

fullhdpixel

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Right from time I have always had trust in Bitcoin as an investor. My trust for Bitcoin increased around 2017 when the pressure was too much on Bitcoin, though I have believed in it from the start, but the things that happened that year increased the level of trust I had.

There were lots of people saying trash about Bitcoin, things like Bitcoin is going to die and all that, like the pressure was too much and it was like that would be the end of bitcoin, but that same year was the year that the price of bitcoin reached its highest price ever. That made trust in bitcoin. Although my main motive behind getting into Bitcoin wasn’t for investment, even if the price goes up or down, I know for sure that wouldn’t be the end.

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Quote from: budi691 on November 16, 2020, 09:10:05 AM

Many people predict it will rise again this year and coincidentally in 2020 this pandemic is also coming, and when people stay at home because of this pandemic, many people are interested in Bitcoin, so this pandemic has only a small impact on Bitcoin.

big or small of the impact on bitcoin, it will help bitcoin to be increasingly recognized by the public and then used as a more profitable investment during this pandemic. People living at home because of the pandemic will continue to study Bitcoin, the current price of bitcoin is almost at a new ATH and this will be a new record. We'll see the development of bitcoin during this pandemic.

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Quote from: imstillthebest on November 16, 2020, 03:45:31 AM

stocks are not in a good shape during the covid but i dont have an update on gold . gold still be in a stable condition . btc on the other hand are doing great in the middle of the pandemic , as you see all three assets are in different conditions . btc havent been in a dumped mode yet so expect things to to become negative soon but that phase can be easy on btc and it can always survived it . the pumped in the price of btc gives a confident to the investor and they be putting more money in it .

Bitcoin does have affected the early stage of the pandemic that causes a short bear. I remembered that it hit below 4k and regain its price slowly afterward. Stocks would be the one who is affected by the pandemic because it is backed by real company assets. We do see how bitcoin can hold even there is a pandemic going on and it proves how fast it can regain the downfall it experienced.

kentrolla

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Honestly if you say me to invest now I am not ready to take the risk because the price has already gone up, I always follow the basic rules of crypto market to buy low and sell in high. Also I was literally scared to invest during this pandemic as I thought the price may go down very badly because of the continuous lockdowns across many countries and this has already collapsed the economy but BTC was pumping slowly which was unbelievable. People started to invest in BTC after leaving stock, oil, crude etc... This was the turning point of change in the market prices.

Yamust

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I think pandemic that has happening now has nothing to do with the price of Bitcoin now. It is just many people now are interested in Bitcoin and want to earn profit from it. But maybe somehow, it affects since during this time many people are thinking of ways on how to earn money without physical interactions with others, and they think Bitcoin is the easiest way to invest.

budi691

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Many people predict it will rise again this year and coincidentally in 2020 this pandemic is also coming, and when people stay at home because of this pandemic, many people are interested in Bitcoin, so this pandemic has only a small impact on Bitcoin.

kotajikikox

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

When I bought in March when the price is really falling hard yet I consider buying more?i can say that it is confident and trust also in this market that I have been serving for years now.
and also though there is still no sign of making a new ATH yet I know there is something cooking in the kitchen and we will be surprised once it is revealed.

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Quote from: Malam90 on November 16, 2020, 05:30:02 AM

I don't consider that Bitcoin is similar to other assets like gold or stocks. It is quite different in nature. In stock markets, there is ups and downs but we don't see such fluctuations like 2x-3x within few months that Bitcoin has showed. When Covid 19 broke out and price quick fall down from $11500 to $4700 within few days and after shortest possible time, it started to recover till today. I was confident enough about Bitcoin when Covid 19 broke out.

I think it's because so many people work from home so many are looking for information on how to make more money at home and there are many articles and several other media that talk about cryptocurrency, especially bitcoin, so that many people are curious and interested in trying bitcoin which ultimately makes the price go up like this, some time ago it was supported by the good news from paypal which accepted and legalized cryptocurrency transactions meaning that more and more people would buy bitcoin easily and had a good effect on the price.

sayaya17

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Quote from: ChrisPop on November 15, 2020, 07:47:29 AM

My question for the crypto community in here: Do you think that the fact BTC has survived the initial dump and rebounded, consolidated, marched upwards, and now standing close to its ATH acted as some kind of reinforcement to the trust investors have in this asset?

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

Even before the pandemic, and before bitcoin ATH in 2017, we could see the history of bitcoin at low prices, even at very low prices.
But during that time until now many investors believed in Bitcoin, even bitcoin is increasingly mass adopted by various circles.
Moreover, large companies also divert their investments in bitcoin. This shows that the existence of bitcoin in the world is increasingly believable,
not the other way around. Even with the pandemic, investors still believe in bitcoin. If the price drops, yes it's because bitcoin is unlikely to move straight in the chart.
It must be bumpy.

Malam90

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I don't consider that Bitcoin is similar to other assets like gold or stocks. It is quite different in nature. In stock markets, there is ups and downs but we don't see such fluctuations like 2x-3x within few months that Bitcoin has showed. When Covid 19 broke out and price quick fall down from $11500 to $4700 within few days and after shortest possible time, it started to recover till today. I was confident enough about Bitcoin when Covid 19 broke out.

Topic: Bitcoin - Reinforced by the pandemic (Read 659 times)