COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts ! - page 2.

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Quote from: Kopetunto on July 05, 2020, 02:06:59 PM

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

Crypto as such as not taken that hit which stock markets have gone through as it has fallen badly due to pandemic situation across the globe. Also , people would have moved their investment for the falling stock market to crypto and this would have given the push and also helped crypto to not fall much or to recover from the fallen price.

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Quote from: Cnut237 on July 05, 2020, 10:40:27 AM

Quote from: asyakashi on July 04, 2020, 05:20:49 PM

During this pandemic many people returned to making projects like ICO and I saw investor confidence increase.

I don't know. Most (all?) economies have been struggling and the last few months have not generally been a great time to get new projects off the ground. Whilst I do think that crypto prices will increase, I think this will be due to rising confidence in bitcoin as the endless money-printing highlights some of the deficiencies of fiat.

You see that's the thing even if majority of the world was on lockdown why are there still crypto projects being launch in this times of pandemic? Like how will there projects progress if the whole world is moving slow? How will they fulfill their roadmap if everything involve in it is affected? For me these crypto projects that pops out in these times are all just trying to milk their investors for money because they themselves are affected financially. If they don't have a solid roadmap or plan for their crypto then I think it's time to say that these new crypto projects aren't worth your money at all.

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when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

leyton11

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Quote from: IamL on May 06, 2020, 09:38:45 PM

What do you guys think, how will Bitcoin's price react to COVID19? Does the Price Surge justify the current world economy? What is your Bitcoin Price Prediction for the year end and which alts do you guys think will shine in 2020?

Thank You for Answering.

I would expect the price of bitcoin to not rise as high as people expected. The economy is now on the verge of crisis and if the US stock markets and major countries around the world collapse, so will bitcoin. then people will hoard fiat money to reinvest at a more appropriate time. The worst thing is that the price of bitcoin could not surpass $ 11k8 this year. that will make most miners lose a lot of money and maybe bitcoin will be sold again. In short, covid 19 will impact heavily on bitcoin and if the translation is not controlled early, things will be very bad in the future.

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Quote from: asyakashi on July 04, 2020, 05:20:49 PM

During this pandemic many people returned to making projects like ICO and I saw investor confidence increase.

I don't know. Most (all?) economies have been struggling and the last few months have not generally been a great time to get new projects off the ground. Whilst I do think that crypto prices will increase, I think this will be due to rising confidence in bitcoin as the endless money-printing highlights some of the deficiencies of fiat.

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Quote from: Danslip on July 04, 2020, 03:20:52 PM

Quote from: asyakashi on July 03, 2020, 05:17:36 PM

The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

The pandemic has destroyed the whole world economy and this also affected cryptocurrency. But in my mind people who join this world are increasing day by day. That is why during the quarantine it is forbidden to get out and also people are work less. For that reason they think here can be chance making money. But l think it is so hard for newbies, that is why without knowledge and experience it is hard to make profit from investing or trading.

When ICO became an important part in the development of crypto, everyone was involved and made huge profits with their investments. however, after ICO gained bad trust with many scam projects the trust in Crypto declined. During this pandemic many people returned to making projects like ICO and I saw investor confidence increase. I think other crypto users will also increase the volume of trading the better and this is good news. we will find new investors with better knowledge.

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Quote from: asyakashi on July 03, 2020, 05:17:36 PM

The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

The pandemic has destroyed the whole world economy and this also affected cryptocurrency. But in my mind people who join this world are increasing day by day. That is why during the quarantine it is forbidden to get out and also people are work less. For that reason they think here can be chance making money. But l think it is so hard for newbies, that is why without knowledge and experience it is hard to make profit from investing or trading.

Cnut237

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Quote from: carlisle1 on July 04, 2020, 07:21:03 AM

how long would it takes for the halving Bullrun happens?

Everyone anticipated that halving would be beneficial for the bitcoin price. Also, everyone knew that halving was happening, and when it was happening.
These two facts combined means that halving was already priced in well in advance of when it actually occurred.

Yes, we have seen bitcoin and alts all hit hard due to the initial economic shock of Covid-19... but this doesn't change the fact that halving was already priced in. We may see prices increases as economies come out of lockdown - but any increase in bitcoin price will be because of this, rather than halving.

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Quote from: asyakashi on July 03, 2020, 05:17:36 PM

The pandemic is still very frightening and the world economy is on the verge of a major recession.

Because this risk our life so who will be not scared in this pandemic?
we can die in bad way No family member beside you and will be cremated directly wihout not seeing your body by your love once.

Quote from: asyakashi on July 03, 2020, 05:17:36 PM

bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

halving is just there trust me,Yeah it cannot be felt these days because the virus is still spreading but sooner when this is over?
then you'll find what this is all good thing about.

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Quote from: asyakashi on July 03, 2020, 05:17:36 PM

The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

I think now some countries have started to make policies to improve their economy. This pandemic is not over yet, but I don't think we can continue to go down like now. the economy will weaken if we don't open our economy again.
the smaller the inventory I think it will make more people hold bitcoin for the long term.

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Quote from: mahilchii on May 06, 2020, 10:18:58 PM

Actually BTC Halving is nearing us that's the reason you are experience this pump even in this tough situation, also there are lot of FUDs these days especially in social media stay away from them do not trust blindly on anyone.

Lol before you post this Bitcoin price Dump deepest record ever,and that is what we need to understand.
Halving cannot cover the losses because this is a worldwide epidemic and the effect really pissing the market from crypto to stocks.

Quote

The real test begins only after the Halving only then we have to see the market price, just be patient and wait for few more days if you want to invest you can go ahead but please ensure that you invest on a right coin I mean if you want to go with altcoins.

now Halving already happens and the real test now started?

anyway still nothing comes real,how long would it takes for the halving Bullrun happens?

asyakashi

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The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

Danslip

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Quote from: Natalim on July 03, 2020, 04:28:22 AM

Quote from: carlisle1 on July 03, 2020, 02:48:43 AM

Quote from: ?? on ??

Quote from: StephenJH on June 22, 2020, 05:17:01 PM

Quote from: bukham88 on June 22, 2020, 09:05:58 AM

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

Considering the situation we are at now, I guess we can't expect a further growth of bitcoin, maybe what we will be seeing is just only the survival and it's very evident that bitcoin is surviving as it has recover back from a big crashed that happen this year.

People are not talking on altcoins yet, their focus is on bitcoin as bitcoin's movement if no significant changes, nothing will happen with altcoins.

You are right about that most people focus on BTC and wait for the movement of BTC. l think BTC investing is securer than altcoins investing, however as you said if BTC doesn't grow, that means altcoins will not increase either. Altcoins price depends on BTC movement. l hope BTC starts increasing as soon as possible. Maybe after that we can see that altcoins start also rising up, it seems we should still wait for this time. But till this time it can be better to collect some coins, which can be valuable in the future.

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Quote from: carlisle1 on July 03, 2020, 02:48:43 AM

Quote from: ?? on ??

Quote from: StephenJH on June 22, 2020, 05:17:01 PM

Quote from: bukham88 on June 22, 2020, 09:05:58 AM

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

Considering the situation we are at now, I guess we can't expect a further growth of bitcoin, maybe what we will be seeing is just only the survival and it's very evident that bitcoin is surviving as it has recover back from a big crashed that happen this year.

People are not talking on altcoins yet, their focus is on bitcoin as bitcoin's movement if no significant changes, nothing will happen with altcoins.

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Quote from: ?? on ??

Quote from: StephenJH on June 22, 2020, 05:17:01 PM

Quote from: bukham88 on June 22, 2020, 09:05:58 AM

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

Cnut237

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Quote from: IamL on May 06, 2020, 09:38:45 PM

I don't know what's going on in the market? This whole Bitcoin Pump feels unreal when we are at a Global Panademic? What is the reason for this Pump

There wasn't a pump.
Bitcoin is still seen as a highly speculative asset. Alts, more so. This meant that when the pandemic hit, people started to move their money to safer places. This caused crypto to be hit hard. However the crypto markets did then show some good resilience by bouncing back quite quickly. The pump is just that - partial recovery from a steep drop. Prices are still slightly below where they were when CV19 hit.

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Quote from: bukham88 on June 22, 2020, 09:05:58 AM

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

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Quote from: Sophia Portera on June 12, 2020, 04:10:56 AM

Now Covid -19 is almost under control the prices of cryptocurrencies are also slowly recovering.

Yeah but its only "almost" right ?
Thats mean this covid19 still exist, wich mean the market still unstable because the impact of covid19 my friend

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Quote from: Sophia Portera on June 12, 2020, 04:10:56 AM

Now Covid -19 is almost under control the prices of cryptocurrencies are also slowly recovering.

Has a vaccine for copid 19 been found? so you say "Covid -19 is almost under control", of course this cannot be controlled yet, it's just that to minimize its spread, to be able to find a vaccine alone requires quite a long time.
Likewise the price of crypto will need time to recover, and the crypto market is unpredictable.

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It seems many people are really confuse as to why btc price is up or down, everytime btc price is up people wants to find a reason why the price is up, when the price go down same thing happens, there should be a story behind every btc price rise in the eyes of many, if it is not ETF, it will be China or some other cooked up stories,

The latest one is the pandemic, now btc price rise also assume is as a result of the pandemic, I don't think that's the case here, because this period of crisis left many people confused and in panic, I doubt many people where thinking about buying of btc of trading, anyways, this is my own opinion, but whatever the case, btc price will increase whenever, it doesn't need any news or crisis for that.

Topic: COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts ! - page 2. (Read 1306 times)