COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts ! - page 4.

Barbut

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Quote from: Onuohakk on June 06, 2020, 09:20:07 AM

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

The entire crypto market fluctuates all the time, I don't think we had some special fluctuations during the pandemic. That's a normal thing, get used to it! If we look from a positive side this pandemic and lockdown of the global economy can turn many to cryptocurrencies, as a better means of exchange and if that happens it would be a good start for future mass adoption, and only that can affect bitcoin and altcoins to skyrocket!

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Quote from: Onuohakk on June 06, 2020, 09:20:07 AM

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

true, that even though there was a pandemic at first the disturbance was seen but it was not significant. bitcoin can still move well and if it does not fall down to fall once. bitcoin moves between $ 8K- $ 9K and is still safe. even bitcoin ever penetrated $ 10K but went back down. if bitcoin increases then it can be ascertained that all altcoins, especially the top rank in cmc will be raised as well.

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The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

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Quote from: marks1976 on June 01, 2020, 07:27:39 PM

Quote from: bassbity on May 12, 2020, 11:55:30 AM

Certainly very influential in my opinion because I see the movement of the crypto market is quite slow at the time of this pandemic, although halving has occurred but there is no significant increase or high spike, therefore I will return to normal after crypto.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

I think that is not so fast because ethereum needs to follow behind bitcoin. If bitcoin price can fast recovery, then I think ethereum will be the same but it might not as fast as bitcoin movement. We hope that this pandemic can bring some positive impact to the crypto, so we will see more people will join with the crypto world. If that happens, we will see new adopters from many countries.

I think Covid-19 is an opportunity for people to think about their investment options, and if they bought it at a cheap price a few months ago, they should consider holding more because the market is still very potent. I am sure the investment demand after Covid-19 will increase very high, and people will easily earn a profit. Of course, careful consideration is needed as the market's downtrend may occur at any time and is difficult to predict.

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Quote from: IamL on May 06, 2020, 10:38:45 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 and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

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.

covid19 not only affected this crypto industry, but the global economy
so, maybe if this pandemic still exist the price of crypto will remain unstable mate

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Quote from: marks1976 on June 01, 2020, 07:27:39 PM

Quote from: bassbity on May 12, 2020, 11:55:30 AM

Certainly very influential in my opinion because I see the movement of the crypto market is quite slow at the time of this pandemic, although halving has occurred but there is no significant increase or high spike, therefore I will return to normal after crypto.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

I think that is not so fast because ethereum needs to follow behind bitcoin. If bitcoin price can fast recovery, then I think ethereum will be the same but it might not as fast as bitcoin movement. We hope that this pandemic can bring some positive impact to the crypto, so we will see more people will join with the crypto world. If that happens, we will see new adopters from many countries.

Not if Ethereum 2.0 released already because this will make Ethereum skyrocket for sure,this progress from ethereum developer has been the talk of the town for years now but the problem is it seems to be delayed and the waiting is not coming so far.

Quote from: jahepahit on June 01, 2020, 10:58:10 AM

there are many ways that everyone uses to use social media, either Twitter or YouTube as a place to promote what they have, including investment. and we should be cautious about investing in indiscriminate media with unclear sources and authenticity. if not, it will be fatal later

twitter has been denied by people now because most of the tweets are just scams and shits about their advertisements.

But YouTube on the other hands is one good way.

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Quote from: marks1976 on June 01, 2020, 07:27:39 PM

Quote from: bassbity on May 12, 2020, 11:55:30 AM

Certainly very influential in my opinion because I see the movement of the crypto market is quite slow at the time of this pandemic, although halving has occurred but there is no significant increase or high spike, therefore I will return to normal after crypto.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

Marks1976 you are right, Bassbity is confused. Nobody here expected huge
pump of crypto-market during Corona pandemic. What we had here during that
days is good enough to push crypto-market while entire global economy was frozen.
I believe in positive sides of this pandemic for us involved in crypto-currencies.
And this is just the beginning, better days are ahead, bull market is coming.

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Quote from: bassbity on May 12, 2020, 11:55:30 AM

Certainly very influential in my opinion because I see the movement of the crypto market is quite slow at the time of this pandemic, although halving has occurred but there is no significant increase or high spike, therefore I will return to normal after crypto.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

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Quote from: shadowdio on May 31, 2020, 12:38:52 PM

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

This is a good thing when more and more people join the crypto and starts to use it the demand will keep rising and as a result even the price will rise accordingly. Also, people in some countries may use it in their daily needs as well to order anything during this lockdown. Also, for gamblers as they cannot visit casinos so many would be using crypto to make payment as well in online gambling sites. As well the world markets has fallen really a lot and in the same time bitcoin has given good return so people would have even shifted from stocks to crypto.

Here on my country where the quarantine thing had already been lifted up, i dont know if this is happening on other countries but if its still on lockdown then we can really find out things that we can make money here on crypto but in most cases just like here on my place where people do find out freelance jobs or even selling out good online for them to survive.

Yeah it can give out exposure to crypto but only to those people who do had internet connection in their house and the rest then theyll be sticking out on traditional businesses amidst on this pandemic situation.

I dont really see much effect though and the current price movement do justifies it.

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Quote from: Japinat on May 08, 2020, 06:59:09 AM

I am not sure what's the reason of the pump but I like to guess that this is due to the upcoming halving.
There's no major news in the market right now except for this upcoming halving that will happen in less than a week, so as expect the price of bitcoin was bullish.

For altcoins, I can't expect big pump right now, we need to see bitcoin to rise even more, maybe when bitcoin reaches $15K, that would be good enough to drive the whole market into a bullish market, eventually an altcoins season will come back.

In my opinion there is at least some influence, but in a pandemic situation I don't see a very large decline, maybe at first it was just a temporary panic but until now the pandemic still continues, but the altcoin market has almost all shown increasing value, maybe in this pandemic most of it their countries, including mine, impose lockouts so they cannot do their jobs so they try to trade in the crypto market.

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there are many ways that everyone uses to use social media, either Twitter or YouTube as a place to promote what they have, including investment. and we should be cautious about investing in indiscriminate media with unclear sources and authenticity. if not, it will be fatal later

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Quote from: shadowdio on May 31, 2020, 12:38:52 PM

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

If people have more money, and they lost their job in real life, they can try to invest in crypto or doing crypto trading. It can help the price to up and down because many people will buy and sell to make a profit. At this pandemic, we shouldn't be going to somewhere because the situations are not really safe for us so we can stay at home.

The bitcoin pump is real, but the price does not increase so high, and we need to wait for more to see the bitcoin price will go to the moon. People who can see the opportunity to make money from crypto will use this chance so they can have a new source income while they stay at home.

The bitcoin price will increase, slowly or fast, and we need to prepare for the bull run, which can happen anytime. But it is difficult to predict how much bitcoin price will be at the end of this year because we know that the bitcoin price can go to any price.

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Quote from: shadowdio on May 31, 2020, 12:38:52 PM

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

That was pushing them all to adopt a new life that everything must be done from the home. It looks like the impact of the pandemic was giving a really huge impact on the crypto right now. More companies have started to join in crypto.

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Quote from: shadowdio on May 31, 2020, 12:38:52 PM

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

For countries still affected by COVID-19, this is certainly the most difficult time because the current disease situation has not been controlled.

Compared to other continents, Europe and America are the two continents most affected. This year will be the year of economic crisis without a vaccine, and hundreds of millions of people will be unemployed. I am more fortunate because my country has very few people infected with COVID-19, and life has returned to normal since last month.

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I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

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Pandemic COVID-19 makes the price of crypto stronger in my opinion, because transactions with crypto can prevent us from contracting
COVID-19 virus. And many people choose crypto as a safe haven, so it's no wonder that the price of bitcoin and altcoins goes up. Then
according to my predictions for the price of bitcoin later this year it will reach $ 12k, while altcoins will shine in 2020 in my opinion is
ethereum. Because ethereum has very good potential altcoin, it has been proven that ethereum is ranked second in cryptocurrency ranking.

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Quote from: StephenJH on May 30, 2020, 05:22:30 PM

It seems BTC has survived from corona, and more than that it is really good news for us. But if we are talking about altcoins, we can not the same about altcoins like BTC. Altcoins prices are still down and it keeps getting down. No doubt we should wait for more for the price increasing. If BTC started growing up, altcoins follow it. However, BTC is just around 10k.

Corona sentiments doesnt really precisely correlate with bitcoins price or the entire crypto market even though other traditional markets had heavily affected but here on crypto we are somehow surviving the wave.In talks about bitcoin and alt coin price then im not saying that its always correlated because alt price can go opposite even bitcoin is rallying up but most of the time when market
turns out to be bullish it did really come to that point where alts are mostly dragged up.

Quote from: Kang TB on May 30, 2020, 06:09:41 PM

in my opinion cryptocurrency especially bitcoin can be a safe haven
as we can see now bitcoin price growing slowly but surely, right ?

Theres no such word as safehaven even though we are making out profits or stood strong with BTC but doesnt mean that it will give out assurance on long term aspect.This is why we should always take measures in any case that might happen but for now its too early to worry that it would crash.

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Quote from: IamL on May 06, 2020, 10:38:45 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 and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

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.

in my opinion cryptocurrency especially bitcoin can be a safe haven
as we can see now bitcoin price growing slowly but surely, right ?

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It seems BTC has survived from corona, and more than that it is really good news for us. But if we are talking about altcoins, we can not the same about altcoins like BTC. Altcoins prices are still down and it keeps getting down. No doubt we should wait for more for the price increasing. If BTC started growing up, altcoins follow it. However, BTC is just around 10k.

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Quote from: IamL on May 06, 2020, 10:38:45 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 and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

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.

The truth is no one knows and it could go either way, let me explain, the price of bitcoin could go down because as you say we are going to face very difficult economic circumstances during the next months and years and as people get scared because of it they could decide to get their money out of a speculative asset like bitcoin.

However it is entirely possible as well that the price goes up as governments keep printing more and more currency in order to solve their problems and people finally realize that holding fiat currencies does not make sense, and they decide instead to support a form of money that cannot be printed at will and that has no direct relationship to any government around the world.

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