Topic: COVID-19 Vaccine Will Cause Bitcoin Crash (Read 2448 times)

Exactly. The recovery of the mainstream economy doesn't happen overnight. It's a process that could take years before everything goes back to the way it was before the pandemic. The vaccine just gives us hope that the end of COVID-19 is near. Bitcoin seems to be largely unaffected by vaccine distributions, as prices are rising towards new ATHs (All-Time-Highs). More people are relying on Bitcoin as a sort of "hedge" against Fiat. As governments print more money to "help save the economy", Bitcoin's price will increase faster than you could ever imagine. Who knows if Bitcoin goes well above $100k in the upcoming months?

Nonetheless, comments about a vaccine causing a Bitcoin crash are nothing more than FUD. Haters try to spread such misinformation, in order to scare away people from Bitcoin. They want to buy the dip, to sell at higher prices in the long term. But that's not going to work, as more people are becoming aware of Bitcoin's true benefits relative to Fiat. To me, Bitcoin is the successor of Gold bringing a new era of financial freedom. Let's hope it goes all the way "to infinity and beyond". Just my thoughts

I don't really know why people think that somehow the price of bitcoin is going to crash, do people actually think that just because the vaccine is already available all of the economic problems that we have are going to suddenly disappear? Do people actually believe that all of the jobs that have been lost during the pandemic are going to come back? Even if the healthcare aspects of the pandemic disappeared today we're going to have to deal with the economic consequences of the pandemic for years which means the price of bitcoin will remain where it is.

Another ATH and only blue sky above, but I find this Fortune article interesting with some good points for me to consider.
This isn’t the $50,000 Bitcoin we predicted https://fortune.com/2021/02/17/this-isnt-the-50000-bitcoin-we-predicted/
...

I am hoping the merry-go-round keeps going to 500K 

It's been shown from time to time that Bitcoin is impervious to events in the mainstream world. The pandemic has benefitted the decentralized economy than all the other way around. Vaccines are being rolled across several countries worldwide, yet Bitcoin and other cryptocurrencies are surging towards new ATHs. Like it or not, the crypto/Blockchain space is here to stay. With PayPal, Tesla, and now Mastercard joining the game, we may see Bitcoin heading towards higher prices in the long term. COVID-19 has essentially accelerated the adoption of digital payments in the mainstream world. Who knows what the future of crypto will be post-pandemic?

Nonetheless, haters will always try to spread misinformation or negative comments against Bitcoin in order to prevent people from using it. Saying that a COVID-19 vaccine will crash Bitcoin is totally foolish, in my own opinion. As I've said before, mainstream events have little to no impact over Bitcoin's prices on the market. This is good because it tells us that Bitcoin is growing more into an independent asset as time goes by. People are starting to realize Bitcoin is the best store of value in the world outside the reach of banks, governments, corporations, and other entities. This creates sound money for the world enabling true financial freedom to anyone, anywhere worldwide. When disaster strikes, Bitcoin will be there to save the day. Just my opinion

If this increase meaning bitcoin is crashing then what can be the growing ?

https://coinmarketcap.com/currencies/bitcoin/

Bitcoin has on its New All time High now valuing from 49,000 now at 52,000 and increasing more and more .

Actually they damage a little but not in general , and for us all that we can call the corrections in which happening every time there is a Pump that happens and
how many of these happens since December last year?

for How many times that Bitcoin ha broken each ATH he made over time.

There are no serious reasons to fear the collapse of bitcoin in connection with the advent of the coronavirus vaccine. The coronavirus has already had a positive impact on cryptocurrency in the sense that over the past year it has attracted people's attention to cryptocurrency and showed them the way to escape from inflation of common currencies of states. The emergence of effective vaccines will simply consolidate the achieved effect, which is evidenced by recent events. Vaccination in the world is now in full swing, and Bitcoin at this time has reached unprecedented price heights of $ 52,000.

Many vaccines have been created, but I doubt their effectiveness - in countries where the percentage of vaccinations is high (for example, in the UK) the epidemic continues and the death rate is terrifying (at least according to the official figures). And as you can see from the news, the process of distributing money continues in almost all countries and this leads to inflation. I can say that the crisis is in full swing and we can talk about what led to what only after it is over. It is possible that with the end of the crisis, bitcoin will experience a deep correction.

With the current situation, it seems it contradicts the title thread that with covid vaccine, bitcoin will crash. It is the opposite that is happening right now. It will be debunked as more and more institutions are coming into crypto and spending their assets to buy. Now, that a lot of people or companies are seeing the benefits of crypto, they will adopt it in their system, which will eventually increase the adoption. With adoption, it will increase the demand in the market and so its price.

vaccines are good news, not bad news, we know that cryptocurrencies are very positive during a pandemic, and are said to be the most profitable asset to store value in, and if the pandemic ends many people think that the bulls are over, but it looks like it will be debunked, that vaccines is a positive impact on cryptocurrencies. I am sure of that.

Yes, News about health, concerns covid is no effect. Covid in china around 4 months earlier before covid in my country but the market still sleep. And we are still in covid pandemic disease and Bitcoin already Bullrun, so Covid is no effect on the Bitcoin market.

And it's obvious that any news doesn't have effect on bitcoin market.

And just like that bitcoin narrative has developed, we may never know, but one day we will here government praising bitcoin. Currently, it is being used by a lot of big companies as hedge from inflation, and preserving their assets.

This speculation was created then the Virus is really making sounds around the world and because of too much concern OP comes to this idea.

But you are correct , with the booming price of Bitcoin and the vaccine has been injected to human around the world ?

I guess the Thread must be change or at least the ambiance of comments.

When the Death toll is really increasing we cannot blame people to think out of the canvas idea because it is the funds they have vested inside crypto is at stake , but now that we are seemingly getting over from the nightmare?
then we will be changing from the Negative to Most positive ways.

Vaccine was created, bitcoin even rise more, so it's wrong.

People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.

Stupid correlations

China ban
ETF
Christmas
Chinese New Year
etc.

Heard it all but we all know it’s the human mind trying to fill in the blanks.

Bitcoin is like honeybadger. Don’t give a shit...

The Vaccine might release effects built up during covid which was somehow a move away from bricks and mortar business investment to the more virtual and distance selling for obvious reasons it was a healthier move to favour distance in business.   We will get a return to normality and some kickback in prices and market assets because of that quite likely.
   Thats not bearish exactly, its better that the economy readjusts and of course it means people can move freely and choose whatever they want.   I'm quite sure we have taken a large step away from over crowding and giant traffic jams maybe forever.  The airborne virus threat is always there to some extent and every year a small percentage find the flu to be fatal so it was just more obvious with this particular strain but we had the bird flu and other types before and we will again imo.
  Crypto isnt under any greater threat then normal, it goes up and it comes back down and its always in some adjustment in every year through various cycles and tides of change.   I think over five years we are appreciating in value and I hope usage is paired to that not just speculation so I hope to see further developments.

Some said that during this pandemic most of people would allocate their money to  investment like for example cryptocurrencies or stocks more and decrease the allocation for offline business since pandemic already bring down really big portion of profit that they should've earned. Maybe that could somehow have connection with bitcoin dumping but honestly, not really making the whole crypto market crash if vaccine somehow distributed completely.

I am wondering how the Covid-19 vaccine causes the death of bitcoins ?.
I think you're trying to say that people will buy vaccines with their bitcoins and spend all their coins.
You're totally wrong this vaccine will be free of cost from the government and they'll supply itself to every citizen. Maybe it may affect a little bit of bitcoin cost but not too much.

Couldn't agree more with you, mate. It's been shown time to time that most events in the mainstream world have little to no effects over Bitcoin's price. That's largely because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. This is good because it tells us Bitcoin is truly sound money. A COVID-19 vaccine won't move the crypto market in a downward trend, as people continue to buy and "hodl" Bitcoin. The public already considers the pioneer cryptocurrency to be a store of value like Gold. Prices could go down at times, due to Bitcoin's volatile nature. But not to a point where it crashes all the way down the drain.

Nonetheless, time will tell us what will lie ahead with the distribution of a COVID-19 vaccine. If all goes well, expect everything to go back to normal. Bitcoin will still be relevant as we shift into a cashless society. The level of interest by governments and central banks into launching CBDCs, tells us that Bitcoin and other cryptocurrencies aren't going anywhere. In fact, a post-COVID world should make Bitcoin more popular than ever. With each halving taking place every 4 years, prices will only go up in the not-so-distant future. Just my thoughts

Exactly there's no direct connection between the two. Even if the vaccines have been out to the public still I don't think of any reason why it will have a big impact in crypto, is that because people will sell their holdings just to afford the vaccine? I don't even think that vaccines would be that expensive though. I'm not gonna lie that there's a chance that Covid-19 could probably help Bitcoin to surge because some folks in the stock market could probably move into crypto space to save their investment. But I don't think that it will also cause a plummet for Bitcoin when the vaccine is done because first of all, it's been a cycle that after a rally there will be a correction. Thereby I don't see any connection between them.

sometimes people quickly see the good or bad movement of bitcoin, it will be linked to something that was there at that time, like today with the covid-19 and expansion of the distribution of existing vaccines, even though we know directly that there is no relationship whatsoever between bitcoin and that matter. just because the moment just happens to be the same then the observer insists that there is a connection, even though it doesn't exist at all.



yes, I strongly agree from what you said, that indeed with this pandemic, almost all affected countries will experience economic difficulties because of the pandemic. because there is no income into the state treasury because many companies have to stop production and there are no activities that can get income from taxes. In fact, the state has to prepare finances from unexpected budgets to be used for all the needs caused by this pandemic. I hope this pandemic will pass soon.
but all of that will not have a direct relationship to the development of bitcoin itself because it is clearly different in designation and system.