Topic: COVID-19 Vaccine Will Cause Bitcoin Crash - page 9. (Read 2448 times)

Experts say that the price of bitcoin is highly correlated with the price of gold and the S&P 500 index.
By the same logic, we can say that the bitcoin price will move behind these indices. There are a lot of bubbles in the financial market now and the prices of companies do not correspond to reality.
According to some opinions, the situation due to the pandemic is now much worse than at the beginning of the year.
I am waiting for new restrictions and new falls in the market.

I don't agree with you about this.

Maybe if Bitcoin was going up during the pandemic, but it actually crashed when it begun in Spring.

Before the pandemic the price was at 10 thousand and went to 4 and back to 10 in the next 6 months. Without the pandemic we could say that there wouldn't be a crash and Bitcoin would be going up from March to at least 14 thousand, a short term top from last year.

It was mirroring S&P and it will be mirrorring it when covid ends.

I have confidence that the COVID-19 vaccine will not make Bitcoin crash, because there is no reason Bitcoin holders sell all their Bitcoin,
when the vaccine was found. It is true that there is a possibility that Bitcoin holders will return to investing in stocks, if the vaccine is proven.
But all Bitcoin will not be transferred to stocks, so it will not make Bitcoin crash. Bitcoin has only experienced a deep decline, and it won't
take long, either. Because there must be some whales who take advantage of the decline in Bitcoin to buy Bitcoin. So this can make the Bitcoin
price go up again.

Honestly, I don't think a COVID-19 vaccine will cause a Bitcoin crash. Instead, it'll be the end of a repetitive hype cycle in the short term. Prices will go down for sure, but not to a point where Bitcoin becomes worthless. Perhaps, Bitcoin will be sitting between the $6k - $7k range after a vaccine is discovered. It could be a great buying opportunity to make some profit in the long term. Considering that precious metals like Gold and Silver will experience a decline in price as well, you could invest money on them to selling them during times of turmoil.

No matter what happens in the mainstream world, Bitcoin will be alive and running for many generations. It's already been proven to be quite resilient against external attacks. Decentralization is what gives Bitcoin value above all else. As long as people find it to be a useful alternative monetary system to traditional banks, Bitcoin will never go down. Naysayers and mainstream media are spreading "FUD" about Bitcoin by saying that a COVID-19 vaccine will "pop the bubble". But we know, that won't be the case. Bitcoin is the future of money that will change the world's economy for the better. With governments and central banks expressing their interest in CBDCs (Central Bank Digital Currencies), it should only be a matter of time before Blockchain technology becomes an integral part of our daily lives. Needless to say, I hope we get a COVID-19 vaccine in the least time possible to help restore the world's economy to its original levels. Just my opinion

Not really a crash because people not really need to sell their cryptos or gold to buy vaccines, maybe we can see subsidies from the government if they are extremely poor and that class people may not really have bitcoins in their holding probably nothing.

I don't know about paid vaccines and their prices, but in Russia the Minister of Health spoke about compulsory vaccination for tourists, it will be free for them. Also, this vaccine is necessary for all people, and after the pandemic, many people lost their jobs or went bankrupt, and if the vaccine is very expensive, many people simply cannot afford it, what's the point? I also really doubt that people will have to sell bitcoins for the vaccine.

Are you trying to say that people are going to start selling their bitcoins and investing the money in the stocks and buying vaccines?
We can’t be so sure about that, and if it does happen the price of Bitcoin will reduce, but it still doesn’t mean an end.

You’re also forgetting that there are always some billionaires that are waiting out for Bitcoin to crash all the time so they can invest, if the price should fall, most of these people are even going to see it more as an opportunity and they will start investing again, just as they did when the pandemic started and the market price crashed. And moreover not everyone will be buying the vaccine, so don’t think it’s going to be as Kiyosaki said.

We could see a new dip but I don't think that gold, silver or Bitcoin will crash. I understand the crash that happened when COVID-19 started. But this doesn't mean that the same will happen for COVID-19 vaccine too.

Covid-19 has made a big crash in the economic situation in most of the countries. Price crash with bitcoin won't happen just because of the vaccine production. During the pandemic lockdown the price of bitcoin grew high when stocks fell low to the bottom. This means bitcoin market isn't reactive to the world market. Based on this I don't think there is more chance for market crash of bitcoin on the production of covid vaccine.

Covid caused the crash in March and the cure for covid will cause Bitcoin to crash too? So by this analysis, anything that happens will only cause Bitcoin to crash.

Ok I don't buy Bitcoin then because I know it's going to crash.

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

it reminds me of when the USA killed the general of Iran and many people started to think that there would be a world war and the bitcoin price started to increase a lot because many people thought that with the war all assets would fall and investors would look for bitcoin to be able to save of losses. funny that it worked to the point that the price reached $10,000, then came the news that the virus is becoming a pandemic and caused the price to fall, but again people came back with the belief that bitcoin and the savior of the world and started to buy many bitcoins thinking that with this virus everyone would use bitcoin because using Fiat was dangerous, and the price increased a lot, I will not be surprised if when everyone starts to be vaccinated the bitcoin price starts to fall a lot

I don't see anything that worries us so much about the discovery of the COVID-19 vaccine. Because at the beginning of the epidemic the price of bitcoin was dropped for a short time; But overall Bitcoin has shown a strong resistance. While we don't know what will happen when effective vaccines are discovered and marketed, I think any side effects will go away very quickly; Because the corona virus will turn the next world economy around, people's incomes will increase, they will increase spending on personal life as well as increase investment in crypto.

I don't think too serious about his statement, but I am trying to prepare myself for any bad things that might happen later. He can say anything he wants, but we don't know if his statement will happen in the future. It is just speculation because many people are free to speculate on global situations these days. I'd rather keep trying to search the opportunity and preparing myself than to think about that. We need to stay calm if we read similar news to think about how to have another way to save ourselves.

Perhaps this will happen, or perhaps not. Too much is predicted today about the future of bitcoin. Kiyosaki invites everyone to buy bitcoin, but at the same time predicts its fall. Surely, the best time to buy bitcoin, he said, will be when the vaccine is produced. For me, a valuable piece of advice from Kiyosaki is that, despite any crises, he continues to advise investing in bitcoin.
Recent WHO news says the pandemic may not end in the next 2-3 years. Accordingly, Kiyosaki can make such predictions annually. How many times have predicted the fall of bitcoin, but despite everything, it continues to grow.

Personally i am not agree with it. Because i think there is no connection with corona vaccine to crypto market. On the other hand i can think people are being familiar with BTC or crypto currency with this period of time and there will be more connectivity after vaccine come as much people make investment in this sector. So we can not be hopeless but be positive about market.

thanks.

Sadly, some part of Bitcoin community just can't acknowledge that majority of people outside of Bitcoin are viewing it as a risky speculative investment rather than a store of value on par or even better than gold. And who invests in risky investments in times of a crisis? No one.

It's not even important to argue whether Bitcoin actually a store of value or not, because what's important is how people perceive it.

His reasoning is pretty simple, and it's tied to one of the beliefs of die-hard bitcoins that if the end of the world will come eveyne will ditch fiat and switch to bitcoin.
Since a vaccine means that the end of the world will not come from this virus, it will also mean that this scenario will not happen.

Oh, and if you find it ridiculous, just search though posts from March and April, everyone was saying that all the economies and all governments will crash and bitcoin is our saviour.  , this is just one sample: Coronavirus is very harmful to fiat currencies, not bitcoin Of course, the dip that happened afterwards to 4k silenced a lot of them but the diehard are still on the barricades.

Maybe a Yes or maybe a No. Well, I won't be surprised if btc and the rest of the alts drop significantly once the vaccine finally invented; you know, like the old setting before this pandemic happen. It's because people are now free to move again, they will now have the chance to focus on their usual means of earning (particularly going to work) and avoid such risky investment.

But you know what, it was a good deal after all. It's okay for me to come back to a slow market progress as long as we can finally eradicate the virus in return .   

I want to understand the price crash in gold but not in bitcoin. Factors that affect cash flow into gold is quite different, more also is the type of investors and traders in gold, gold have old investors and most investment are due to the pandemic. Bitcoin has a different type of approach from investors and the type of investors also, the cycle in bitcoin and the size community gives a different cycle of price movement.

Though people might invest in stock market after the pandemic, I guess they are too late to do that. Many stocks recently had been plummet and decrease months after the pandemic hits and it was being slowly stable after months of various changes and adoption to such changes in the quarantine and by those companies limitations.

Even if the world would find a vaccine, I don't see any solid nor strong correlation with its price and the healing of the world. Isn't it a much possible that Bitcoin would rather increase due to many companies, businesses, and people that have learned to do social distancing and be with a new normal where transaction and payment would rather not be with the use of fiat but rather through electric and digital transactions?