This world epidemic has nothing to do with the market price. Most crypto journalists are a fan of making an exaggerated news connecting almost everything that is trendy in the eyes of their readers. What we see is merely a normal price movements since Bitcoin was pumping lately it's just normal to see a dump after that because there are traders.
In your opinion, journalists are linking different topics for most people , but traders and investors may also be reading that news . they be effective that crypro market and make dump and pump BTC 
Topic: Does the Coronavirus (Covid-19) make BTC to rise? - page 2. (Read 576 times)
This world epidemic has nothing to do with the market price. Most crypto journalists are a fan of making an exaggerated news connecting almost everything that is trendy in the eyes of their readers. What we see is merely a normal price movements since Bitcoin was pumping lately it's just normal to see a dump after that because there are traders.
It is the same old tactic that existed for decades now. What happens when there is high inflation and you offer people a lot of interest rate? They will rather keep their money in the bank and get interest for it right? There would be no money influx to the economy and everyone would just get savings.
However, if you drop that lower and you give people easier loans and there is no way for them to make a decent profit from just keeping it at bank? They will rather just put their money into investment and that will result with them putting money back into their jobs and business and that will result with economy will go up as well and there would be a general increase for the nation as well.
In my opinion, bitcoin does not belong to one country, but it does grow and improve secure payment. blockchain itself also advances technology .Nobody knows what to blockchain can do in future However, if you drop that lower and you give people easier loans and there is no way for them to make a decent profit from just keeping it at bank? They will rather just put their money into investment and that will result with them putting money back into their jobs and business and that will result with economy will go up as well and there would be a general increase for the nation as well.
~snip~
I believe what you are saying because there is a need for price correction in the market for the uptrend and this is not the first time I have seen this bitcoin price fluctuation. With these interpretations, bitcoin has grown well in the new year. What I am looking for , this fundamentals to drive the growth and popularity of this market.And what fundamentals are you talking about? Bitcoin literally has know fundamentals only technicals that's why it is hard to pinpoint the exact fair market value for Bitcoin and that is also why it is very voltatile as only the demand and supply as well as the FUD and FOMO are only moving it. If you are here just waiting for fundamentals then I would suggest that you just move your money in the stock market where you'll have a good time learning about their earnings on their annual reports. If you still want to stay in the crypto market then the right thing for you to do now is to study technical analysis rather than FA which is more useful in the market right now. Don't be that kind of trader who will just look at news and make their buy and sell decisions on it just like how a lot of people are connecting the coronavirus and Bitcoin's price correction.
What "fundamental" exactly means? If you were following bitcoin for a few last years you know after "bitinstant" (one of the first bitcoin exchanges) was closed down the price was getting too low and even bitcoin stopped trading.
Of curse I'm not saying you can rely on the fundamental news for trading, I would say fundamental news will make people to but or sell sometimes they will lesson and sometimes they will not. If you close you eyes and keep doing the technical analyzes you will fail one day.
The structure of the market is supply and demand. but, what makes the traders to buy or sell? news, their mind, etc...
You can never say the fundamental is useless, even in crypto currencies.
It is the same old tactic that existed for decades now. What happens when there is high inflation and you offer people a lot of interest rate? They will rather keep their money in the bank and get interest for it right? There would be no money influx to the economy and everyone would just get savings.
However, if you drop that lower and you give people easier loans and there is no way for them to make a decent profit from just keeping it at bank? They will rather just put their money into investment and that will result with them putting money back into their jobs and business and that will result with economy will go up as well and there would be a general increase for the nation as well.
However, if you drop that lower and you give people easier loans and there is no way for them to make a decent profit from just keeping it at bank? They will rather just put their money into investment and that will result with them putting money back into their jobs and business and that will result with economy will go up as well and there would be a general increase for the nation as well.
~snip~
I believe what you are saying because there is a need for price correction in the market for the uptrend and this is not the first time I have seen this bitcoin price fluctuation. With these interpretations, bitcoin has grown well in the new year. What I am looking for , this fundamentals to drive the growth and popularity of this market.And what fundamentals are you talking about? Bitcoin literally has know fundamentals only technicals that's why it is hard to pinpoint the exact fair market value for Bitcoin and that is also why it is very voltatile as only the demand and supply as well as the FUD and FOMO are only moving it. If you are here just waiting for fundamentals then I would suggest that you just move your money in the stock market where you'll have a good time learning about their earnings on their annual reports. If you still want to stay in the crypto market then the right thing for you to do now is to study technical analysis rather than FA which is more useful in the market right now. Don't be that kind of trader who will just look at news and make their buy and sell decisions on it just like how a lot of people are connecting the coronavirus and Bitcoin's price correction.
dow jones is rallying.
btc is rallying.
do you want me to say they go up and down hand in hand.
i do not know.
but i think they will go hand in hand for this crisis.
mainly due to asic builders being located in china.
i noticed an air pollution chart for china from about six weeks ago.
lots of filthy air on the photos six weeks ago
almost none on current satellite 🛰 photo.
thus no gear being built . asic or anything else.
which is why i think they market is linked with cyptocoins.
so buy some coins as it will bounce back.
btc is rallying.
do you want me to say they go up and down hand in hand.
i do not know.
but i think they will go hand in hand for this crisis.
mainly due to asic builders being located in china.
i noticed an air pollution chart for china from about six weeks ago.
lots of filthy air on the photos six weeks ago
almost none on current satellite 🛰 photo.
thus no gear being built . asic or anything else.
which is why i think they market is linked with cyptocoins.
so buy some coins as it will bounce back.
I don't think so, Corona virus does not have any affect on Bitcoin and even the other cryptocurrencies in the market I would guess. Plus, I don't know why the panic of this virus are widespread in the whole world, Unfortunately, I only see the negative news in the social media. And remember the world economy crisis because of Corona will not attract investors to Bitcoin. Otherwise, I think this current dump of Bitcoin will continue , It may end in days or weeks.
Social networks give more stress to topics and Can I ask why do you think more investors aren't attracted to Bitcoin because of Covid-19 ?
I don't think so, Corona virus does not have any affect on Bitcoin and even the other cryptocurrencies in the market I would guess. Plus, I don't know why the panic of this virus are widespread in the whole world, Unfortunately, I only see the negative news in the social media. And remember the world economy crisis because of Corona will not attract investors to Bitcoin. Otherwise, I think this current dump of Bitcoin will continue , It may end in days or weeks.
I mean, why?
One word: "legitimation".
The hodler church had been preaching legitimation for a long time.
If bitcoin is legitimated by the fiat system, then it will be just another paper asset, and if the stock market falls due to coronavirus, then bitcoin will fall together with it.
Hence the fears from more inexperienced holders.
One tip: stop listening to the hodler church. We dont need legitimation.
See the damage done by CMD and BAKKT: a bear market raging for more than 2 years, bigger than the previous one. Only now there is some resemblance of a bull market forming in the horizon.
Exactly this, we don't know whats going to happen. We don't have our own personal crystal bowl. The market might go down for a while, but the blockchain world is moving forward on the long run. More advanced tech will have a huge influence on the price in the future. I doubt that events like the Covid-19 we see right now, should affect the Bitcoin price on a longer period.
YEA i agree your opinion and that effect must be bullish effect for BTC
I think this is the 3rd thread made about connecting Coronavirus and the bitcoin/altcoin market.
This is one.
https://bitcointalksearch.org/topic/is-bitcoin-a-safe-haven-asset-5229748
Then another.
https://bitcointalksearch.org/topic/coronavirus-aint-helping-5228554
I mean, why?
Yeah, the stock market went down and they say it is because of the virus.
But yet, there is just no facts to connect it directly to bitcoin yet.
I still think there is no slight chance for that.
Better, it might make bitcoin rise because people would want to keep their money to something more safer.
All of these things are important to the issue (of course I'm not worried)This is one.
https://bitcointalksearch.org/topic/is-bitcoin-a-safe-haven-asset-5229748
Then another.
https://bitcointalksearch.org/topic/coronavirus-aint-helping-5228554
I mean, why?
Yeah, the stock market went down and they say it is because of the virus.
But yet, there is just no facts to connect it directly to bitcoin yet.
I still think there is no slight chance for that.
Better, it might make bitcoin rise because people would want to keep their money to something more safer.
But the next thing you said is that Bitcoin is now on the upside and there is a possibility of reforming
I think this is the 3rd thread made about connecting Coronavirus and the bitcoin/altcoin market.
This is one.
https://bitcointalksearch.org/topic/is-bitcoin-a-safe-haven-asset-5229748
Then another.
https://bitcointalksearch.org/topic/coronavirus-aint-helping-5228554
I mean, why?
Yeah, the stock market went down and they say it is because of the virus.
But yet, there is just no facts to connect it directly to bitcoin yet.
I still think there is no slight chance for that.
Better, it might make bitcoin rise because people would want to keep their money to something more safer.
This is one.
https://bitcointalksearch.org/topic/is-bitcoin-a-safe-haven-asset-5229748
Then another.
https://bitcointalksearch.org/topic/coronavirus-aint-helping-5228554
I mean, why?
Yeah, the stock market went down and they say it is because of the virus.
But yet, there is just no facts to connect it directly to bitcoin yet.
I still think there is no slight chance for that.
Better, it might make bitcoin rise because people would want to keep their money to something more safer.
This virus started last year and that time the market is still in recovery phase. We saw the market turn better early this year then currently had a correction but why we connect these situations in covid-19?
I think people are just looking for an event on why this is happening in the market. But the fact is that's how the market works, it's unpredictable.
I think people are just looking for an event on why this is happening in the market. But the fact is that's how the market works, it's unpredictable.
Exactly this, we don't know whats going to happen. We don't have our own personal crystal bowl. The market might go down for a while, but the blockchain world is moving forward on the long run. More advanced tech will have a huge influence on the price in the future. I doubt that events like the Covid-19 we see right now, should affect the Bitcoin price on a longer period.
If recession kicks in too, the job losses and lack of wage growth are going to further squeeze BTC investors into selling. This is why I'm hoping for a bullish stock market into 2021. If the bottom falls out in world markets, that could put a real damper on the BTC bull market.
In the short term for Bitcoin trading, it should be borne in mind that support may quickly break. Instant and futures pursue different goals, with the two types of trades, price recovery times and trader sentiment.I think it will not affect the price of BTC. Bitcoin price has been falling recently, and there is no sign of stopping. BTW I hope that Corona can quickly end because it is putting many people in danger and a lot of people have died of this virus.
Now the price has fluctuated in the range of 8,500 to 8,900 dollars. Fear and greed index also shows the number 38, indicating that traders fear that we will probably see more short positions. 
I think it will not affect the price of BTC. Bitcoin price has been falling recently, and there is no sign of stopping. BTW I hope that Corona can quickly end because it is putting many people in danger and a lot of people have died of this virus.
This isn't really that difficult to correlate. Just go to Tradingview and load a BTCUSD daily chart and click the + button to compare to some stock indicies like the Dow 30 or SP500. Plot both and what do you see?
Basically it looks like the 2 aren't correlated what so ever in the weekly charts.
Basically it looks like the 2 aren't correlated what so ever in the weekly charts.
No direct correlation, that's true. It's not like AUD and gold, whose every moves are correlated because gold mining is a huge part of the Australian economy.
That doesn't mean a financial crisis or stock market crash (not that I necessarily think the corona virus will cause that) would have no effect. Chances are it would spill over into all markets. Investors panicking out of risky assets and into safe havens like treasuries would have a tangible effect on BTC, which even Wall Street institutions are trading now. https://www.investopedia.com/terms/r/risk-on-risk-off.asp
Quote
Investors' appetites for risk rise and fall over time. At times, investors are more likely to invest in higher-risk instruments than during other periods, such as during the 2009 economic recovery period. The 2008 financial crisis was considered a risk-off year, when investors attempted to reduce risk by selling existing risky positions and moving money to either cash positions or low/no-risk positions, such as U.S. Treasury bonds.
If recession kicks in too, the job losses and lack of wage growth are going to further squeeze BTC investors into selling. This is why I'm hoping for a bullish stock market into 2021. If the bottom falls out in world markets, that could put a real damper on the BTC bull market.
I see you are a new user, so you may not know it. When you answer several users in the same thread, do it in one post. If you want to clearly show that these are different statements, then you can separate them, for example by using this simple code:
Writing three posts one below the other, even if they relate to something else, could be considered as spam.
skip
skip
skip
I see you are a new user, so you may not know it. When you answer several users in the same thread, do it in one post. If you want to clearly show that these are different statements, then you can separate them, for example by using this simple code:
Code:
[hr]
It create line like this:
Writing three posts one below the other, even if they relate to something else, could be considered as spam.
I thought that BTC is due to a correction that's why we have seen it tumbled in the previous week. Might be just coincidence that it goes down when there is a latest scare in Italy that's why some have speculated that it is due to the coronavirus scare. It could be a factor as other market also had a major pullback but then again, bitcoin is steady at $8500 so we are still good. $10k will be breach again, we just have to be patience and let this scare settle down a bit.
I agree with you that Bitcoin has shown resistance, there is nothing to fear about it because Crypto doesn't need to be disinfected.
The only effect that coronavirus can have on cryptocurrencies, in my view, is that investors will withdraw funds from stock exchanges and look for other investments. Certainly some of the money withdrawn from classic exchanges will go to the cryptocurrency market, but I do not expect any major price increases. In my opinion, we should expect further declines by the time of halving.
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