Topic: COVID-19 Vaccine Will Cause Bitcoin Crash - page 2. (Read 2448 times)

covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all

Exactly. What we've seen over the course of crypto's history, is that the market doesn't necessarily react to events in the mainstream world. That's largely because of the way crypto/Blockchain tech is designed. Decentralization is what makes crypto stand strong regardless of negative events in the real world. COVID-19 did benefit crypto more than it benefited the stock market. Ever since the pandemic took the world by storm, demand for crypto has been on the rise. I doubt that a vaccine will cause a crash in Bitcoin's prices on the market. After the announcement of Pfizer and Moderna's new COVID-19 vaccine, prices have remained untouched on the market. We're now close to Bitcoin's latest ATH of $20k per coin, meaning that the best is yet to come.

Despite naysayers' comments about Bitcoin, the crypto space will survive for many generations. Remember when they said Bitcoin was going to die back a couple of years ago? Even Mike Hearn declared Bitcoin to be a "failed experiment". Yet, the pioneer cryptocurrency is still alive and running with an ever-increasing demand on the market. Which is why, I believe that with or without a COVID-19 vaccine, crypto will thrive as an alternative to the current monetary system focusing on decentralization/censorship resistance above all else. Just my thoughts

sometimes everything always relates to the situation with bitcoin but it is true that you say that not all can be related. because sometimes there is no relationship at all with each other which may just be a coincidence.

The discovery of the covid-19 vaccine clearly has nothing to do with bitcoin because we know that during the pandemic, bitcoin is running normally and there is no connection between them. Sometimes people are quick and easy to associate a problem with what is happening with bitcoin.

The vaccine has been found and being tested around the world but bitcoin prices remain to increase steadily towards new ath.
However, it will take a long time for the vaccine and the world to normalize, predicted in early 2022, despite bitcoin may encounter a big drop before 2022.
The real crash probably when bitcoin reached the peak point and the world economy is running ordinarily, investors will cash out and switch to stocks once again.

Investing in real estate now looks even more dubious than investing in bitcoin (although it may depend on the country, for example, in my country, real estate is getting cheaper).
In terms of bubbles, I see a huge bubble in the stock market. If you look at the stock market, you might think that the virus has been defeated long ago and the crisis has been overcome, but this is not so.

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

My concern gets even bigger now with the bitcoin price looks so bubble.
Could explode anytime and especially when the vaccine distributed and feel works handling the virus
That is the moment where everything decided.
Will the investor remain confident in holding bitcoin? Or leaving completely to move into a promising real estate business like they used to?
I am preparing for the worst scenario , holding half cash is a must , you dont want to miss the moment where everything dropped like in march right? Cash is god for now at least until everything backup completely to normal.

This is an indication that crypto doesn't necessarily react to events in the mainstream world. Its decentralized and open source nature allows it to remain resilient and impervious against most situations that happen in the real world. For instance, crypto went down in price when COVID-19 took the world by storm during March 2020. But a few months later, everything started to go uphill. My guess is that the same will happen after the COVID-19 vaccine is distributed. The main reason why prices are going all the way to the moon is because of Bitcoin's third halving. Increased adoption from renowned companies had also a positive effect over crypto's prices on the market (consider PayPal's recent announcement of letting users buy/sell Bitcoin).

In the end, Bitcoin will survive regardless of what happens in the mainstream world. As far as I can tell, a vaccine will not crash Bitcoin's price. Instead, it'll cause a small dip in price as the mainstream economy recovers. I think the comments of a Bitcoin crash due to a COVID-19 vaccine, is mostly attributed to naysayers or haters of the cryptocurrency. Banks, the wealthy, and mainstream governments may be behind this in order to scare people away from Bitcoin. As long as the pioneer cryptocurrency (Bitcoin) remains decentralized, it'll be able to last a lifetime. It's not about price, but rather how useful Bitcoin is for everyday payments. And so far, it's been doing a pretty good job (despite being slow and expensive at times). I wouldn't be surprised if Bitcoin sees new ATHs in price on or before its forth halving. It's a one-of-a-kind store of value that's better than Gold in every way. Just my opinion

If BTC and cryptocurrency continue to rise and gain more users because everybody turned into cashless, someone should poke Robert Kiyosaki to remind him of his post. It might crash but not the kind of like $20K down to $3k like it did in 2018.


The FOMO is on for the institutional investors, they will start buying back when the price dip to 5%- 10%. They are just hurrying to buy for there is a chance that BTC will replace gold as a reserve.

Agree. Only those who are new with bitcoin will be panic with this news. And those who shorts bitcoin can take this as an advantage. However, this will not last long. After the correction, bitcoin tends to climb to a new level. The more corrections we have, the more stable the uptrend of bitcoin will be.

I strongly believe that bitcoin can not lose more than 30% of its price in the next few weeks. Bitcoin is having a powerful momentum which makes the price go up continuously. Therefore, be brave while holding bitcoin

If there is already a vaccine for coronavirus, I am happy, because it can cure people who have been infected, and those of us who are still healthy will not be afraid anymore.
But honestly, although later vaccines will be found, and affect the price of bitcoin, it will not make me panic, maybe for those who are new to investing in crypto, be it bitcoin, with falling prices, they will panic. But I don’t think the price drop will continue and deepen.
If the price of bitcoin in these few months goes up, maybe there will be a price drop later, that’s natural. Especially if the price drop along with the discovery of vaccines, usually people assume because of the influence of vaccines. But actually, bitcoin should go down first because it is oversold.

Yes, everything is really confusing from the very beginning - I wrote about it back in March. On the one hand, bitcoin is an anti-crisis protective asset and it should not have fallen like a stock market during the crisis, but should have grown. But everything happened differently than expected in theory. A similar "inconsistency" may occur here - perhaps investors, on the contrary, will increase their investments in bitcoin against the backdrop of good news and it will start a bull market in crypto.

This gonna be a complicated situation
I mean indeed when the united nations announced that covid 19 is officially a pandemic in march all of the financial market crashed suddenly included bitcoin.
With this logic people will assumed that when the good news about vaccine to come , the market will gained even more as investor found the full confidence.
But on the other hand it is makes some people worried that the money invested during pandemic into an assets like bitcoin will get withdrawn and back to invest in real life assest like properties.
This is the reason why bitcoin could crash.

  Yup you're right it's funny as well.
I was trying to multi-quote from OP and this above post but ended up only quoting this post due to a lack of awareness at the time.

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.

In my opinion, COVID-19 vaccines will not have any effect on bitcoin's price because I don't see any possible issues or reasons that will be unlikely to happen for bitcoin to dump it's price. The vaccine will definitely be expensive. But I don't think that the citizens needs to pay for the vaccine because the government will be covering all the vaccines expenses, so no one needs to sell out their bitcoins just to get the vaccine.

Vaccines will not make an impact and bitcoin is unlikely to crash because the vaccine problem won't happen that's something small is not influential enough it is impossible for people to sell bitcoins to buy vaccines I think the price of vaccines is also unlikely to be too expensive definitely the price is normal as usual.

I have not read a concrete evidence that suggest that the market will crash if there is already a vaccine for CoVid, actually it's already a done deal, we have CoVid vaccine coming within 3 months that is a guaranty, but look at the market, they are still doing great, if the speculation is true the market should start crashing now, but it's not happening and I don;t think it even if the vaccine is out.

Looks like the exact opposite to me, the price has risen since it was announced that the 90% effective vaccine by Pfizer is to be rolled out.

Many people relate bitcoin on so many things like unfortunate events and this vaccine things where there is no direct relation since they have different category which doesn't really affect us economically. This talk is irrelevant to discuss but since OP already open this maybe it's good to educate people that we shouldn't link anything on Bitcoin since there's no institution controlling it and no certain events can tell it's future.