Do you agree with the experts? - page 8.

TIDOVEE

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

Ofcourse , I monitor the market constantly, but I don't agree that there won't be improvement in the crypto market as a result of the pandemic, there is no week I check the value that it is stagnant. It is either up or down, Corona may elongate the time of growth of it because in one way or the other, cryptocurrency has a part to play in the world economy

bitgolden

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What it is suggesting that, if corona didn't happen, we wouldn't have dropped to $4k and since we wouldn't drop to 4k, all of these increases that we had so far would be putting on top of the current price so we would be even higher if we didn't drop.

But, what is missing in this calculation is that if it didn't went down that much, there wouldn't be that much buying neither, the price would have maybe gone up a bit more, but not that much, anyone who thinks "we went from $9k to $4k to $9k again, instead we could have moved that $5k on top of $9k and be $14k" do not know any math and can't be called an expert. That is why I think this corona didn't effected us the way it effected everything else, we have been doing very well and that is why I do not really think that bitcoin could be seen like it could have been even any better.

fuer44

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strongly agree, because when the global economy weakens, the impact will be on all sectors such as crypto online investment. people are running out of money and big companies are also declining, the selling price of goods will go up and that will make the economy weaker. unfortunately, the purchasing power of crypto investment will weaken and that will make the market difficult to grow. because people will focus on their lives how to survive until this pandemic ends. After the pandemic ends and the economy begins to grow, the crypto market will also grow.

DabsPoorVersion

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Can you provide any proof of evidence that these experts that you are talking about is really constantly monitoring the market? Because if they really monitor the market, they don't say such thing as corona affects the growth of cryptocurrency. We can see the continuous growth of crypto despite having the pandemic, it is clear that it does not affect crypto at all.

robattfield

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

Agree that Corona is affecting the whole world, and it is causing the economy to collapse. But for crypto, I don't see it affected too much. Prices have been going up since March and now bitcoin has risen above $ 11k, without the Corona virus, the price of bitcoin might have broken ATH by the halving

Zeehaxan

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I think traditional economy is under pressure due to corona but crypto market is nicely placed to grow because due to high inflation and devaluation of fiat money will flow into crypto because it provides the perfect hedge against traditional markets.

cheezcarls

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

I don’t really believe with the experts though. You know why? It’s because their predictions are not accurate at all, and there are no guarantees that they would make it right. No matter what charts, patterns, candlesticks or other techniques that they have, there are no guarantees here in the world or cryptocurrency.

It’s clear that the crypto market is highly volatile and unpredictable due to various circumstances. Like for example, when Bitcoin is soaring like crazy, there might be whale dumpers who are watching the market and wait for the right time to strike in dumping. Scammers who stole a lot of Bitcoins from the victims are also watching the market and will mass dump when they want.

I don’t agree with the experts. I highly agree with risk management. Just my two sats.

bittick

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I don't agreee with those experts and it looks like those were not even watching the market. Crypto has been growing a lot during the pandemic and we must see the reality. Are they missing something from the market that make them all didn't aware about what happens right now?

masterrex

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

The COVID-19 pandemic is affecting all sectors of the economy and the crypto industry is not exempted, thats why I agree in the opinion of those experts, but not the entirety of the context, because as we see it today the market is improved a little bit so it means that those experts were already wrong about their prediction regarding the crypto market improvement.

Lorokan

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

As a newbie, one mistake you cannot make is believing every expert word for it; Experts are there to act as a guide; to bring you to a logical and simple solution to an answer you already have. This means that you individually need to find facts and proofs about some certain projects; that an expert suggestion should either be a validation of your research works, or be a wrong view.

NB: Never use an expert or an influencer words to guard your investment motives.

dataispower

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I think the month when crypto got major setback by COVID19 is March and that's bygone. Right now corona virus has no visible effect on crypto market, BTC and ETH are pushing, that's a good sign the overall market is healthy. In essence, I don't agree with the so-called experts OP mentioned.

benthach

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Quote from: CryptoTalk365 on July 30, 2020, 05:51:46 AM

corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

what experts?
before the corona bitcoin is below 8k, now it's over 11k.
on march bitcoin below 4k and stock market below 20k. if you bought bitcoin march low that is 3x bagger now. at this point corona really help the crypto-currencies and don't forget the dollar is weakening because of u.s government freely issue their currency, which make gold and crypto-currencies strong. i don't really understand your point here.
basically the 2008 u.s great recession creating bitcoin, now the 2020 u.s and world recession/corona which make the u.s freely issuing their currency that make and solidify the crypto-currencies. people start to realized about this and why crypto-currencies is pump right now, u.s currency is weakening.

CryptoTalk365

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corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.

Various experts are constantly monitoring the market and saying this. I agree with them.

What do you think about this? Do you also monitor the market?

Topic: Do you agree with the experts? - page 8. (Read 734 times)