Cryptocurrency price is coming back. - page 2.

Sanitough

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Quote from: imstillthebest on March 22, 2020, 09:25:27 PM

Quote from: Sanitough on March 22, 2020, 09:00:47 PM

Quote from: fabiorem on March 22, 2020, 08:41:46 PM

Cryptocurrency price is coming back...

...to $3k.

This is the second wave of the COVID-19.
$5.8k in GDAX right now.

Nothing to worry, we are still at a good level now, if bitcoin will fall to $4000 then maybe there is a possibility of seeing bitcoin back to $3,000.
I am not saying you are wrong, anything is possible here, we can't be too confident about crypto when the world is already in panic due to this pandemic.

it can come back whether on low price or high price but mainly people are expecting that prices of cryptos can comeback to low values because like what you said , we cant control the panic cause by pandemic .

if there are no pandemics , people hardly panic sell because price of cryptos werent this bad even if there are hackers that selling thier coins or other major bad news happening on the crypto space . we are lucky if we see small increase or recoveries and people already appreciated it

That's the positive thing in crypto as most stocks are still down right now, and in fact we have better improvement compared to stocks but unfortunately we can't say that bitcoin would stay at the current price now as its very unpredictable and today it did dump a bit.

However, I think price does not matter a lot for believer, they'll hold no matter how bitcoin move, in 2018 we have witness the worse price movement of bitcoin which we are coming from $18K if I am not mistaken but we fall below $4000, I know it's a different scenario but we can only based on what happen in the past.

imstillthebest

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Quote from: Sanitough on March 22, 2020, 09:00:47 PM

Quote from: fabiorem on March 22, 2020, 08:41:46 PM

Cryptocurrency price is coming back...

...to $3k.

This is the second wave of the COVID-19.
$5.8k in GDAX right now.

Nothing to worry, we are still at a good level now, if bitcoin will fall to $4000 then maybe there is a possibility of seeing bitcoin back to $3,000.
I am not saying you are wrong, anything is possible here, we can't be too confident about crypto when the world is already in panic due to this pandemic.

it can come back whether on low price or high price but mainly people are expecting that prices of cryptos can comeback to low values because like what you said , we cant control the panic cause by pandemic .

if there are no pandemics , people hardly panic sell because price of cryptos werent this bad even if there are hackers that selling thier coins or other major bad news happening on the crypto space . we are lucky if we see small increase or recoveries and people already appreciated it

Sanitough

hero member

Activity: 2856

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Quote from: fabiorem on March 22, 2020, 08:41:46 PM

Cryptocurrency price is coming back...

...to $3k.

This is the second wave of the COVID-19.
$5.8k in GDAX right now.

Nothing to worry, we are still at a good level now, if bitcoin will fall to $4000 then maybe there is a possibility of seeing bitcoin back to $3,000.
I am not saying you are wrong, anything is possible here, we can't be too confident about crypto when the world is already in panic due to this pandemic.

fabiorem

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Activity: 1400

Merit: 347

Cryptocurrency price is coming back...

...to $3k.

This is the second wave of the COVID-19.
$5.8k in GDAX right now.

Polar91

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Quote from: okala on March 22, 2020, 12:41:24 PM

Now that the case of covid 19 is heating hard on the world economy I think bitcoin is going to be the safe haven. I also believe that bitcoin is been studied by most of the powerful investors around the world as they cannot continue keeping their funds in stock or commodities market. The effect of this recession on bitcoin is going to be revealed after the halving.

Such investors including billionaires have already considered investing with Bitcoin but they keep silent about that as they probably don't need to tell or they are keeping it for their own privacy. We don't need to support Bitcoin's usability as it has been used by investors including former and current stock investors. Sooner, people will surely feel safer in crypto than letting the banks handle their money or assets.

hirngespenst

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Quote from: okala on March 22, 2020, 12:41:24 PM

Now that the case of covid 19 is heating hard on the world economy I think bitcoin is going to be the safe haven. I also believe that bitcoin is been studied by most of the powerful investors around the world as they cannot continue keeping their funds in stock or commodities market. The effect of this recession on bitcoin is going to be revealed after the halving.

You have a very good point, mate! I believe it too that big investors are studying about the crypto market! Stocks market, banks are not safe enough in this lockdown time when the Bitcoin trading is a true blessing! So, after the halving, when bitcoin price may be higher than now, more people will realize how opportunity crypto is providing!

hirngespenst

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It's good to see that Bitcoin price didn't stay at dump zone for a long time, within weeks Bitcoin price came back to 6700$ from 3800$! So, right now the crypto market is in average condition. We can see another dump as you see coronavirus is not stopping! But right now, it's growing and that is a very good opportunity to recover your losses!

okala

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Now that the case of covid 19 is heating hard on the world economy I think bitcoin is going to be the safe haven. I also believe that bitcoin is been studied by most of the powerful investors around the world as they cannot continue keeping their funds in stock or commodities market. The effect of this recession on bitcoin is going to be revealed after the halving.

TheAndy500

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Quote from: mahilchii on March 22, 2020, 09:45:01 AM

So far I can't see any big change in the price movements, and yes there are lot of speculations going in BTCs pump. But still we cannot guarantee the accurate price.

Anything is possible in crypto either pump or dump we need to be ready, well if things go on a positive way it would be really happy to see the price of BTC because it's the one which decides the market movement so just relax and enjoy...

I don't think anyone is thinking of doing pump & dump when the virus is spreading all over the world. In my opinion, Bitcoin is more likely to be sold for fiat money, which means further price drops. In my opinion, the decreases will last until the virus is completely controlled. Only then can we count on the return of price increases.

mahilchii

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So far I can't see any big change in the price movements, and yes there are lot of speculations going in BTCs pump. But still we cannot guarantee the accurate price.

Anything is possible in crypto either pump or dump we need to be ready, well if things go on a positive way it would be really happy to see the price of BTC because it's the one which decides the market movement so just relax and enjoy...

Spaffin

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I am glad that users of the forum express the same opinion, which confirms my early statements that everything that happened on the cryptocurrency market until recently was the result of manipulations by speculators, and not panic due to coronavirus. The fact is that large players in the cryptocurrency market are working for profit and therefore have specially lowered the prices for cryptocurrency, because the economic crisis is starting to develop in the world, which is also caused by quarantine and the coronavirus pandemic. As you know, many businessmen in the crisis are looking for alternative sources for investment or preservation of their assets, and just the cryptocurrency market is a very good opportunity to implement their plans. Based on this, I believe that everything that happens in the world and on the cryptocurrency market has a huge connection.

bakasabo

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Quote from: Kelvinid on March 22, 2020, 06:45:18 AM

Indeed, the market shows a few pumps but somehow it drops again after a few days.

The correct word is "few pumps", not recovery or "coming back". The price was was so huge during March, so it is to late to speak about recovery. As soon as world economy starts to recover, so will crypto as well. So far there are just pump, maybe even to earn more on people who thinks that this is a full come back.

Kelvinid

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win lambo...

Indeed, the market shows a few pumps but somehow it drops again after a few days. People aren't really confident for sure of what they saw and it is pretty obvious that many were still in the panic selling up to this time. And to the fact that still, people are selling at low prices, there is no way that we can see the market moves high even a month or two and the halving event couldn't make a huge help anymore if the situation remains like this.

Ailurophile

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★777Coin.com★ Fun BTC Casino!

It seems like those panic seller finally reinvested their extra money to crypto once again.
It is great that the crypto market is having a price bounce at least we are having a good news despite all the negative things going on.

Oasisman

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Quote from: Janation on March 22, 2020, 05:26:25 AM

Quote from: tippytoes on March 22, 2020, 04:22:08 AM

Quote from: Janation on March 22, 2020, 04:17:59 AM

Quote from: coingecko on March 22, 2020, 03:40:58 AM

~snip~

~snip~.

But let's admit it, the pandemic has major impact on this. Because of so many economies in the brink of collapse, a lot of people are selling their crypto portfolio. But whales are taking advantage of the situation as they can afford to accumulate more even in this crisis. Because they do believe that bitcoin will rise again very soon or the next few years.

We can't really say that it is because of the pandemic.

I did a google search last week when the dump happened and it is said that it is because of the moving of Bitcoin of these PlusToken scammers. You can read the article here. They are moving the Bitcoins to mixers that is why the dump is happening. We can say that some investors did some panic selling but I think the most reason why that dump happened is because of these scammers.

That is true. The major cause for that dump is the plustoken scam that was being dump and was sent to the mixers. The pandemic is just an add up to the price slump affected by the fall of the global market.
The effect of the pandemic is just slight yet it gradually became worse after the dump, because the people were confused on whether they panic buying for their needs to survive the lockdown or panic selling because Bitcoin is dropping so fast.

Yamifoud

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That was supposedly we think of all the time because not all the time it can only be at high nor it all be at lows. Think about the dumps and pumps are seems to be normal and that is why we don't need to be panic when we saw a red color in the market, yet it turns into green once again.

Hope will always be hope, you can just be hopeless if the entire market vanishes or it collapsed but as it have a market demand and it is exchanged, it is certainly becoming to be in a normal scheme.

LogitechMouse

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There is a famous quote and that is "What goes up goes down." and its opposite is applied here too Cheesy

. "What goes down goes up too."

I was quite surprised when Bitcoin fell down from near $8000 to near $4500 in just one day. It is almost 50% drop down and days after, it went back to rise up again and trying to reach the $7k resistance. Now it is moving sideways at around $6000-$7000.

Even though we saw Bitcoin's price rise back again, there is no sign of reversal yet until now. As long as the virus is still there, the sentiment of the market is always negative. It will start to rise up again if either there is a good fundamentals already or the whales have decided to buy Bitcoin again.

Janation

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Quote from: tippytoes on March 22, 2020, 04:22:08 AM

Quote from: Janation on March 22, 2020, 04:17:59 AM

Quote from: coingecko on March 22, 2020, 03:40:58 AM

It is really surprising to see how Bitcoin dipped together with the shock of the traditional financial market. Only to see it at above $6000 just days after...

That is so true.

I thought that it is because of what is happening right now but it turns out it is not really the pandemic but it just played a role to affect the price. I am not surprised by the price change in time since we all know the capabilities of it even in the past. The halving is closing and with the recovering price, I think we might get back at $10K.

But let's admit it, the pandemic has major impact on this. Because of so many economies in the brink of collapse, a lot of people are selling their crypto portfolio. But whales are taking advantage of the situation as they can afford to accumulate more even in this crisis. Because they do believe that bitcoin will rise again very soon or the next few years.

We can't really say that it is because of the pandemic.

I did a google search last week when the dump happened and it is said that it is because of the moving of Bitcoin of these PlusToken scammers. You can read the article here. They are moving the Bitcoins to mixers that is why the dump is happening. We can say that some investors did some panic selling but I think the most reason why that dump happened is because of these scammers.

pawanjain

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Nothing lasts forever

I was quite overwhelmed too when I saw BTC price was at $6200 despite the crash of market.
While most say that it was due to the Covid-19 outbreak some say that it is the PlusToken/MtGox scammers who are selling the bitcoins and hence the dump.
It does raise a question that if the reason was actually the Covid-19 outbreak then the market should not have been recovered so soon because the situation is just getting worse day by day as the death poll is increasing. So the prices should have been dumped more.
May be the lateral reason would be right since it kind of makes sense since the scammers would have sold their coins and now the market has started to recover. In my opinion this will only be proven right if the market continues to grow over the next few weeks.

Reid

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There is still no accurate prediction about it.
Anything could go wrong and we still have to be ready with that.

The pandemic is not over although China is already cured some of their patients.
The question of when it will be cured in just a single medicine is there.
It took them time and it will also take time for other countries since the number of Covid-19 related patients is increasing.
It may take a couple more months for other countries.
So we cannot specify if this will really be the bottom or are we experiencing the sell point of people up until now and the bitcoin price is just resisting because of the holders that are staying.

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