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Topic: COVID-19 Vaccine Will Cause Bitcoin Crash - page 4. (Read 2448 times)

legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
October 19, 2020, 03:43:14 PM
I can see the author you said just reasoning along the line of fallacy. Despite the global economic downturn caused by the COVID-19 pandemic, the bitcoin still rose with around 50% of its initial price value. A normal reasoning should be that if the vaccine is in the end works, economy will possibly recover and that should have a positive I pact on the bitcoin.
Even if the price fall, it should not be attributed to the discovery of the vaccine or anything.
A lot of good and bad things will be attributed to the crash and rise in bitcoin so far, but regarding the covid-19 vaccine whether it's not yet available or already available I think bitcoin will still have a side to recover and continue to get better. Just imagine, even bitcoin could recover when yesterday's Covid-19 cases were still high and again, if a vaccine was available and the economy fully recovered, would that crash bitcoin? I'm not sure because the bitcoin trend in the next year will probably get better and let's look forward to the positive changes later.
member
Activity: 573
Merit: 30
October 19, 2020, 12:49:07 PM
I can see the author you said just reasoning along the line of fallacy. Despite the global economic downturn caused by the COVID-19 pandemic, the bitcoin still rose with around 50% of its initial price value. A normal reasoning should be that if the vaccine is in the end works, economy will possibly recover and that should have a positive I pact on the bitcoin.
Even if the price fall, it should not be attributed to the discovery of the vaccine or anything.
full member
Activity: 1330
Merit: 100
C O M B O
October 19, 2020, 10:27:30 AM
Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.
regulation is not important for Bitcoin, we know Bitcoin is decentralized and does not need regulation,
regulation will only make Bitcoin difficult to adopt, but vaccines are also a threat to bitcoin,
we know that during the pandemic the price of Bitcoin has increased dramatically, and that's because of Covid 19,
if vacine has been given and Covid 19 ends, it's possible that bitcoin's performance will also decrease,
this is just speculation, but that's not necessarily true, because Bitcoin is still in a bullish trend
full member
Activity: 1316
Merit: 104
CitizenFinance.io
October 17, 2020, 05:56:29 PM
Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
October 17, 2020, 05:05:05 PM
That's true. But no one can deny the fact that Bitcoin has underperformed this year. We were expecting a spike from block reward having, which never got realized. For the last 10 months or so, the prices have remained largely stable, at around 10K (range being 8K-12K). On top of that, the daily volumes have gone down, and even the Bitcoin dominance has decreased by around 12-13%.

Prices don't necessarily rise immediately after the halving. A bull market usually takes effect a year or two after Bitcoin's latest halving. Consider the Bitcoin halvings of 2012 and 2016. Prices per coin began to rise a year after the event. 2013 allowed Bitcoin to reach $1k per coin, while 2017 was Bitcoin's biggest year yet with astronomical gains never before seen in its history (ending the year with a price of $20k per coin). I think Bitcoin has outperformed traditional commodities, stocks, and even precious metals during these uncertain times. I'm sure it'll do fine after a vaccine is discovered. Saying that Bitcoin will crash after a COVID-19 vaccine is only to spread fear, doubt, and uncertainty (FUD). Bitcoin's deflationary design, alongside increased demand on the market, tells us that its price will continue to go up for the foreseeable future. Sometimes it takes a little longer than usual for Bitcoin to experience new ATHs in price. But it'll never crash or go to zero because of the reasons mentioned earlier.

Nonetheless, time will tell us what will happen after a vaccine is discovered. Most probably, Bitcoin will see reduced demand from people in the mainstream world (which translates to lower prices on the market). But it won't reach a point where its price will crash massively on the market. People still admire Bitcoin's decentralized and censorship-resistant nature. This should give non-stop demand for Bitcoin across the market. Until everything goes back to normal, expect prices to rise even further as people try to "exit" from Fiat as much as possible. Just my opinion Smiley
member
Activity: 1078
Merit: 21
COMBONetworkio
October 15, 2020, 04:35:40 PM
This is still a rumor, we don't know whether Bitcoin will crash next year? The vaccine will indeed change the world to normal, but Bitcoin cannot be changed,
the situation has changed, everyone is turning to the digital world, mass adoption is taking place,
this is making eyes Crypto money will get stronger in the future, CRASH? I thought this was just a joke
hero member
Activity: 3010
Merit: 794
October 15, 2020, 02:32:36 PM
What on the world where people do presume out that the price will crash because of Covid-19 vaccine? Its just not really right to have that way of thinking.

To think that there are lots of major events that do happen outside the market but it didnt really affect crypto space.It might on traditional markets but not into this place.
Lots of speculations, presumptions, rumors to be like this and to be like that which i cant really blame out people on that.

For me it isnt really just that relevant on tying up the vaccine towards bitcoins price movement.


The word ”crash” is what others assume to happen in bitcoin. I don't think that's the right word for bitcoin, the price so happens plummets but not to the point that bitcoin could crash because of covid19. Some people able to sell Bitcoin and invest in other commodities but as we know in crypto price is volatile and we can see it again in bull market.

I respect Kiyosaki but he is not a perfect investor I have bookmarked this thread and see if this will really go on his way, crash is a very harsh word for an investment market we have seen so many crash in the past, on the times that Bitcoin is still building it's reputation but I don't think it will happen when there is available vaccine in the market it could dip but not crash.
No one is perfect but anyone does have the free will on who would be the one do they follow out in terms of the investment steps or plans.

Some do really follow famous people but majority isnt really that fan for them to rely on.Yes, they are not perfect investor and just like us, theyre just
typical speculators too but somehow they are having more funds compared to us.
member
Activity: 952
Merit: 27
October 15, 2020, 11:07:59 AM
The word ”crash” is what others assume to happen in bitcoin. I don't think that's the right word for bitcoin, the price so happens plummets but not to the point that bitcoin could crash because of covid19. Some people able to sell Bitcoin and invest in other commodities but as we know in crypto price is volatile and we can see it again in bull market.

I respect Kiyosaki but he is not a perfect investor I have bookmarked this thread and see if this will really go on his way, crash is a very harsh word for an investment market we have seen so many crash in the past, on the times that Bitcoin is still building it's reputation but I don't think it will happen when there is available vaccine in the market it could dip but not crash.
jr. member
Activity: 448
Merit: 4
October 15, 2020, 08:47:38 AM
For me it is more important that we may focus on the health of the people than anything else, let us not forget that many got infected the disease and many have died due to covid 19 it is very important to have a cure for it so that everything returns to normal. However I do not think it will be completely affected and even to the point that bitcoin will crash due to the release of covid 19 vaccine. Perhaps it will be slightly affected due to the large traders who have invested in bitcoin and may return to the traditional stock market when it comes to life again.
sr. member
Activity: 644
Merit: 364
In Code We Trust
October 15, 2020, 07:53:42 AM
Covid-19 pandemic has been a world challenges, all the nation stand still, total lockdown, and that period, many people joined online business, which bitcoin was included. lastly vaccine came out for treatment, hence the market was not stable, but bitcoin still keep moving up to the moon.

In the first place, it is not this pandemic that causes a good market price to bitcoin. IMO. people are instead, selling their Bitcoins for them to have funds to buy necessities. I can say, it will be impossible for Bitcoin to crash just because the Vaccine will be available, the reason behind this is because many huge companies now are transferring their savings/assets fund to Bitcoin because they are believing in it. The same thing in which normal investors and people will do thinking of the reason that these investors will make the price high in the future, will all follow it, resulting in an even better future for bitcoin solely because of its characteristic of scarcity.
jr. member
Activity: 278
Merit: 1
October 15, 2020, 05:20:23 AM
Covid-19 pandemic has been a world challenges, all the nation stand still, total lockdown, and that period, many people joined online business, which bitcoin was included. lastly vaccine came out for treatment, hence the market was not stable, but bitcoin still keep moving up to the moon.
sr. member
Activity: 1876
Merit: 318
October 14, 2020, 07:43:00 PM
If you look at Bitcoin's performance this year, the price is quite stable, I don't think COVID-19 will cause Bitcoin to crash.
But the story is different if the COVID-19 vaccine is indeed found, especially since several countries have tried to focus on
making the COVID-19 vaccine. Just imagine if the COVID-19 vaccine releases, not only Bitcoin will crash, but other assets
such as stocks and gold will crash too. Because the price of the COVID-19 vaccine is definitely expensive and people will try
to buy it by selling the assets they have.
member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
October 14, 2020, 06:36:42 PM
Still, the world can not recover and it is incredibly increasing. People even not prepare to take the vaccine and it will take time to distribute throughout the world. So there needs more time to count and we can not say it earlier phase. This article is done from a perception that can be changed anytime. We can predict but don't know the actual thing. So we have to wait for this to see what will happen to the world.
jr. member
Activity: 840
Merit: 4
October 14, 2020, 10:10:32 AM
You may have a point here. Though I pray it doesn't work that way
full member
Activity: 896
Merit: 198
October 14, 2020, 06:27:00 AM
Covid-19 is no longer a news to the world. Many countries are looking for a way to make sure the covid-19 vaccine is be discover to end the virus that is spreading all over the countries. Many people has lost their job, profit because of the corona virus that is spreading over the world.
I don't think covid-19 vaccine will cause bitcoin crash. As we all know, Bitcoin is a decentralized is not control by any countries. During the pandemic many businesses collapsed because of the covid-19 but bitcoin still maintain his ground in the areas of market and well pumping that surprise many people because other cryptocurrencies dumped during the process. Many  currencies lose value during the pandemic stock market was unstable due to the corona virus that was spreading in different places.


There are many vaccine made and there are vacine that already in phase 3 trials .next year it will be available for everyone in any country if they want to be injected. for me I don't want to try that even it's free, because who knows what will be the side effects of that vaccine after a year.

Many countries now is trying to recover all those lost because of this pandemic and it will continue even without vaccine . Don't forget that only crypto market is the only market  live and open when there are many countries been in lockdown  in different part of the world crypto market never freeze thier live trading. so ,I don't think it will have a big effect if for example there are available vacine for every one.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
October 14, 2020, 05:07:41 AM
Covid-19 is no longer a news to the world. Many countries are looking for a way to make sure the covid-19 vaccine is be discover to end the virus that is spreading all over the countries. Many people has lost their job, profit because of the corona virus that is spreading over the world.
I don't think covid-19 vaccine will cause bitcoin crash. As we all know, Bitcoin is a decentralized is not control by any countries. During the pandemic many businesses collapsed because of the covid-19 but bitcoin still maintain his ground in the areas of market and well pumping that surprise many people because other cryptocurrencies dumped during the process. Many  currencies lose value during the pandemic stock market was unstable due to the corona virus that was spreading in different places.
member
Activity: 728
Merit: 63
$CYBERCASH METAVERSE
October 14, 2020, 04:36:23 AM
I speculate it can't confess that early. Anything can ensue because in this situation several things have to contemplate pertained to the current world, virtual life, the effect of situations. So if the corona vaccine will come and the world alteration people can work from outer and curtail the dependency on online work that can be changed digital currency's value but nothing can say that surely BTC will crash.
copper member
Activity: 122
Merit: 1
Dsdaq -  One Bitcoin, Trade all assets
October 14, 2020, 01:33:23 AM
I don't think it will crash because most people have loss confident on their government. If you look of what is going on around the world and the dollar dipping, people are looking for a save haven and Bitcoin provides the opportunity for that.
sr. member
Activity: 1372
Merit: 261
October 14, 2020, 12:39:17 AM
No I think it could also open us a new opportunity people have known Bitcoin while we are in pandemic so they could still use it even if the pandemic is over.
They might open a business and try to promote crypto by accepting it as a payment method they could try to hold more bitcoin by doing it.
There are so many possibilities that could happen in Bitcoin once the vaccine is created it could always go up or down it only depends on the demand.
sr. member
Activity: 1988
Merit: 453
October 13, 2020, 06:52:40 AM
Yeah right so Bitcoin will crash when the stock market crashes. It will crash when Gold crashes. It will crash when there is a pandemic and it will crash when their is a medicine for pandemic.
These bears always try to be pessimistic but Bitcoin will have it's cycles like always .

That's true. But no one can deny the fact that Bitcoin has underperformed this year. We were expecting a spike from block reward having, which never got realized. For the last 10 months or so, the prices have remained largely stable, at around 10K (range being 8K-12K). On top of that, the daily volumes have gone down, and even the Bitcoin dominance has decreased by around 12-13%.
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