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Topic: COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts ! - page 6. (Read 1289 times)

sr. member
Activity: 2436
Merit: 272
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Since many people lost their hope on stock market might be moving to crypto currencies which can be one of the reason for the price surge even when the whole world is facing economic issue but the real reason is the halving which is going to happen in the next few days is affecting the market price in the positive direction, there will be a correction after this price surge so don't invest your money now if you want profits in short term.
sr. member
Activity: 994
Merit: 261
From my point of view, the actual pandemic does not affect the overall cryptocurrency market, especially on bitcoin. Bitcoin experienced a great decline when the pandemic was announced, but it happened because a lot of people were panicking and a lot of fud was made by people so that bitcoin fell more so they could buy in the framework of bitcoin going halving.

Now it is proven that bitcoin is getting stronger and is not affected even though the pandemic is still ongoing and is getting worse. Hoping this pandemic will end soon because if it continues, all wealth means nothing.
jr. member
Activity: 31
Merit: 1
4 more days and we will find out what happens  Huh
hero member
Activity: 1834
Merit: 523
I think you should be thankful of what you see in the market right now because it's pumping and it means you get huge money.

Im gald of what I saw and I hope it will not stop until it will reach again the all time high price.

Covid19 possible affect the price is either dumpung of what we experienced and pumping of what is happening right now.
sr. member
Activity: 644
Merit: 257
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Even there is a pandemic going all over the place. People are skeptical what would be the results of this bitcoin halving. There are few more days left and some of the investors are trying to bag some coins expecting for a huge pump.  I think not just them but everybody in the crypto space are awaiting for this event and believe this will be a way for the market to recover.

Huge retracement is not visible for now as the hype seems stronger than those who are worried about dumping. Altcoin just follow the foot step of bitcoin so whether bitcoin rise, some of these altcoins will also jump to high price cause every coin out there is connected with bitcoin, only stablecoins will remain as it is.
hero member
Activity: 2282
Merit: 505
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.

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.

Thank You for your advice. I fear there will be a drop, I will just wait and not make any rash investment decisions. Are you looking out for any altcoins?
That's true there will be a drop caused by we have not yet even seen the correction after a huge pump caused by the bitcoin halving but this may come anytime.

I guess if he was also looking for it but it has no a lot of portion on his portfolios. Im also dividing my money to get some altcoins as my bet.
jr. member
Activity: 31
Merit: 1
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.

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.

Thank You for your advice. I fear there will be a drop, I will just wait and not make any rash investment decisions. Are you looking out for any altcoins?
member
Activity: 560
Merit: 13
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.

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.
jr. member
Activity: 31
Merit: 1
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.
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