Topic: Bitcoin vs covid 19? - page 10. (Read 1746 times)
The vaccine news have been priced in for a really long time already, when Pfizer originally announced their vaccine, the stock market reacted positively to it, while Bitcoin wasn't strongly affected, because it already decoupled from traditional markets. Right now there could be some correlation with macroeconomic events, especially coming from the US - for example, the recent correction coincided with strengthening of the US dollar. And fears of inflation have powered this rally to some extent.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
The mass vaccination will start after at least four to six months. EU set the vaccination targets for Sept'21.
Before that, I don't expect any impact on the economy or the crypto industry. It seems that we will spend another summer in staycation and trading, instead of traveling the world :|
Paradoxically, as the world is recovering from the effects of COVID-19 through the help of these vaccines, we are seeing a dump on bitcoin's pricing. Though this can easily be dodged by simply claiming that it is but a baseless correlation, it still puzzles me. Although I could understand that this is because of people trying to return to their normal lives and with that comes the cashing out of coins.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
Try to look back when covid problem arises back in next year, did it really affect bitcoin? We havent seen that this event had correlated about on where bitcoin price should go.
Instead it do really rise up its price amidst of the pandemic situation where economy of most countries are really in trouble.It hadnt been affected on the situation where we do faces
so its safe to say that it isnt really that much affected neither we are on positive or negative situation of things and thats how the market is unpredictable.
There's no point on comparing or connecting the dots if its actually relying on it upon.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
If the Covid 19 vaccine enables to stabilize the economy I believe it will affect Bitcoin in a positive way. Imagine, people, getting jobs at the height of Bitcoin hype? This means people will have funds to jump into the Bitcoin market, possibly it may bring enough demand to even bolster the Bitcoin market.
Since the beginning of Covid-19 that has been no impact on crypto market there were numerous predictions that the market will collapse as covid led to economic hardship in most regions and many businesses got shut down but for Bitcoin and crypto were not affected by it instead bitcoin is going through bullrun during covid and thus release of covid vaccines will not make any impact on Bitcoin as these both things are different streams which is not correlated.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
The assumption is wrong. Covid-19 vaccine isn't gonna stabilize the economy. Maybe in some part of the world people believe on the vaccine. In my country people are afraid of the vaccination, because things aren't transparent. Everyday there is death after vaccination, government just broadcast the vaccination number and hides the death count. Upon this the demand for vaccine is greatly affected. This way economy won't move good due to the vaccine. With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
It is hard to say what will happen with certainty. BTC in fact hasn't been much affected by this economic crisis this can be said just from looking at the markets. Though, with more vaccines rolling out, there is a chance that more money will be poured into the crypto market as the economy and GDP improves, but there needs to be a significant amount for it to sway the market.
The wavelet coherence analysis indicates that there is a negative relationship between Bitcoin value and number of reported cases and deaths; however, the relationship becomes positive during the later period. Wavelet coherence analysis results show that there is a causal relationship between COVID-19 and cryptocurrency prices. The findings for Ethereum and Ripple are also similar but with weaker interactions. This shows the hedging role of cryptocurrencies against the uncertainty raised by COVID-19. At the beginning, cryptocurrencies behave like the traditional assets, but they start to become a hedge as the effect of COVID-19 deepens.
for starters 2020 proved that bitcoin is not affected by the pandemic that has been devastating other markets. apart from the initial panic sell in bitcoin market we never saw anything more and instead bitcoin reversed and started going up then shooting up where it went from $3,200 all the way up to $42,000.
anything changing about COVID19 including the vaccination is not going to have any major effects on bitcoin. bitcoin will continue to rise on it s own plan towards the $400k levels.
we also have to first see the effectiveness of these vaccines that keep coming out and see if they actually work on immunizing people against COVID19 and also its variations that are mutating these days. then we can talk about whether the economy is going to stabilize or not. because if they fail we can expect another massive dump in stock market.
anything changing about COVID19 including the vaccination is not going to have any major effects on bitcoin. bitcoin will continue to rise on it s own plan towards the $400k levels.
we also have to first see the effectiveness of these vaccines that keep coming out and see if they actually work on immunizing people against COVID19 and also its variations that are mutating these days. then we can talk about whether the economy is going to stabilize or not. because if they fail we can expect another massive dump in stock market.
The vaccine was created nearly half a year ago and we have been seeing price of btc go up from that time so it is clear that COVID vaccine isn’t really impacting the market a lot.
Even of the economy stabalizes, the price of btc depends on how much money is being invested in it by big corporations.
If the vaccine could just create a legitimate immunity , I think that would just icing on the cake
Even of the economy stabalizes, the price of btc depends on how much money is being invested in it by big corporations.
If the vaccine could just create a legitimate immunity , I think that would just icing on the cake
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
I don't think the launch of the covid 19 vaccines has affected the current value of bitcoin. Although influential, only slightly. In my opinion, the current increase in the price of bitcoin is due to a large number of investors and large companies adopting bitcoin and investing in bitcoin to protect their wealth and their fear of inflation in fiat money. So, I think the covid vaccine does not affect. 
I believe there would be not a direct relation between COVID19 plus vaccine and the bitcoins status. These two were of different categories so there would be a low to none chance that this covid would affect the value of bitcoin unless they made those vaccine to be sellable through bitcoins and would do large scale transaction which can affect bitcoin prices for a sudden.
Back in March 2019 when COVID-19 became a pandemic triggered
countries to implement lockdowns to curb the spread this meant that
various economies suffered which led central banks to inject liquidity
back into the markets, emergency monetary policies, printing more money.
This has had and will continue to have an effect on the value of FIAT
currencies which means Bitcoin is looking like more of a sound investment
rather than FIAT currencies.
A COVID-19 Vaccine and the slowing down and control of the Virus will
only have a mild effect on economies as they start to get back to normal.
Business can start rebuilding, employment can rise again and the emergency
economic policies on FIAT currencies will stop eventually but the damage is
already done.
Bitcoin will still be supported by us the crypto community and also by
the same investors who are backing Bitcoin now because as I said the
damage is done by printing more and more FIAT.
countries to implement lockdowns to curb the spread this meant that
various economies suffered which led central banks to inject liquidity
back into the markets, emergency monetary policies, printing more money.
This has had and will continue to have an effect on the value of FIAT
currencies which means Bitcoin is looking like more of a sound investment
rather than FIAT currencies.
A COVID-19 Vaccine and the slowing down and control of the Virus will
only have a mild effect on economies as they start to get back to normal.
Business can start rebuilding, employment can rise again and the emergency
economic policies on FIAT currencies will stop eventually but the damage is
already done.
Bitcoin will still be supported by us the crypto community and also by
the same investors who are backing Bitcoin now because as I said the
damage is done by printing more and more FIAT.
Vaccines, Bitcoin, your economy must be able to separate between these three elements, they have their own goals, just like covid-19, which is happening now, the proof is Bitcoin rocketed past ATH, you see that.
Vaccines have no major effect on Bitcoin and the economy, Bitcoin is very influential on buying and selling, those of you at home can still make transactions against Bitcoin.
Bottom line: a vaccine for human immunity while Bitcoin is a crypto asset that can be bought and traded anywhere, as long as you are listed on a trading exchange.
Vaccines have no major effect on Bitcoin and the economy, Bitcoin is very influential on buying and selling, those of you at home can still make transactions against Bitcoin.
Bottom line: a vaccine for human immunity while Bitcoin is a crypto asset that can be bought and traded anywhere, as long as you are listed on a trading exchange.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
when the pandemic occurred there was no effect on bitcoin, this clearly shows that bitcoin can move in any situation because bitcoin has its own system and is not affected by any circumstances.So I can conclude that if the vaccine has been given to the public, what we hope is is to live again in normal circumstances and of course the economy can also move, but bitcoin will be the same and not affect or may be affected.
I don't think that the covid -19 vaccine is going to have any negative impact on the growth of bitcoin. Bitcoin is growing because its demand is increasing in the market and the covid 19 vaccines is not going to decrease its demand. As people are starting to understand the value of bitcoin, it's demand is only going to increase.
Covid 19 or Covid vaccines have no or only less impact to Bitcoin, because the world still same like before... new normal using mask and go to work even though still pandemic.
If you think Covid 19 make people doesn't have money to invest in Bitcoin (economy crashes), why Bitcoin in bullish right now?
So if the economy is stabilize again, then there's no difference when economy in crashes affect to Bitcoin.
If you think Covid 19 make people doesn't have money to invest in Bitcoin (economy crashes), why Bitcoin in bullish right now?
So if the economy is stabilize again, then there's no difference when economy in crashes affect to Bitcoin.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
If the world economy are going to be stable because of the covid-19 vaccine, then I would say it will still have positive impact not just on crypto, but the rest of traditional financial markets. Maybe the confidence of investors will be very high and more likely to invest on everything that will give them more money like crypto markets.
So every good news about the pandemic will be beneficial. It may even push the price to like $80k to $100k before the end of this year. So let's remain optimistic this year.
With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
I don't think there's an impact at all because it's already resisted even vaccines aren't available yet. It already proves in the mid-year of 2020 that it doesn't affect the bitcoin.
The price value of bitcoin keeps resisting and look what happened now, a new bitcoin ATH has been recorded in the history of cryptocurrency.
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