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Topic: How Coronavirus affects Bitcoin and when it will end - page 2. (Read 1945 times)

legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
It's very hard to tell how exactly corona virus crisis affects Bitcoin. To my opinion part of Bitcoin users will sell their coins because of.panic, fear or need because some of them have already lost their jobs due to effect of corona on economies. The final effect will be visible after few months when this everything ends.
legendary
Activity: 2814
Merit: 1192
I think that whoever had to sell has already done that. All the weak hands are already sitting on a pile of fiat, thinking about their next move.
With the decrease of new cases in China and the coming of Summer, I think we won't have to endure this epidemic for more than the next 2 months. The worst is behind us.
The scary truth is that most of us will get infected, but I've recently read that about 50% of all infected have no symptoms. There's really no need to worry, it's not the end of the world, not yet!
sr. member
Activity: 1456
Merit: 359
Yes. This is a patience game. The roller coaster ride will stay for how many months and what's the most important matter is that you are not letting the opportunity pass alone and you're buying at the every single buying opportunity.

I have read analysis that says $5k should be the bottom and it actually did. Within a span of less than 24 hours, $2k less for bitcoin and around or more than $70-B has been wiped out.

The coronavirus or the NCov19 really hit the market of fiat currency and the cryptocurrency but we are now focused to the bitcoin from the previous weeks of the bitcoin before the outbreak happens it is continuously pumping and it is a good market graph and one day after the government of the china announce that they are a virus spreading rapidly on their country the market price of the bitcoin immediately fall down because some of the people there make sure that their money is safe and can be used to survive for the whole outbreak and they use those to buy a lot of things they need foods, clothes, personal hygiene and more to avoid the spreading of the virus from the previous weeks it is rapidly dropping came from 9k dollars after two days its fall into 6k and now we are here in the price of 5k after a week it is become stable on the price of 5k to 6k range and now we are looking forward to the market income of the bitcoin again to make more profit to us and stable on the market.
US Indices are also affected because of the Coronavirus not only currencies and cryptocurrencies. The big indices like SPX500, DJI and NASDQ100 crashed also because of the virus that continuing spreading. But there are always market opportunities even though there are crashes that keep happening, like in international markets where we can do short selling.
member
Activity: 1302
Merit: 25

Be patient until June and then buy.

On the contrary side to this, I think buying in the deep is profitable than when price have started going up. If China has estimated June to be when corona virus will be stopped, then should we wait at the bull to buy ? I think the best is to look for a reasonable deep and get in.
hero member
Activity: 2814
Merit: 911
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Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.
Covid 19 is not a media created fear mongering, countries started getting affected because of the wide spread of the diseases and many countries are forced to order curfew and when that happens there is no business that is going on and the retail sector will be completely affected and so is the case with manufacturing sectors and if there are no jobs because of these curfew then how do you think that the economy will fair, the markets will perform according to the economical situation and so is the reason the markets went down drastically. It will take a few months for everything to become normal and everything function normally until then stay safe.
jr. member
Activity: 39
Merit: 1
Coronavirus or COVID-19 basically affected everything. The cure has not yet been completed so everyone must do everything they can to slow down the infectivity, severity, and lethality of it.

Everyone should do the things the health professionals told us too like the proper doings for coughing, washing our hands, and etc. and wait for the cure to be completed. It will end when there is no one who has the virus. And the question would be, how the world will look after we survive the COVID-19 pandemic? This disease has devastated lives, markets and exposed the competence of the government. Although the pollution have been reduced due to the lack of activity of people.

Twelve leading global thinkers have been asked for their predictions. You can read it here:

https://foreignpolicy.com/2020/03/20/world-order-after-coroanvirus-pandemic/
member
Activity: 868
Merit: 16
We don't know when the end of Corona virus because many countries look get their people with corona and Italian become bigger country have pass away their people with Corona virus, I think bitcoin will grow up after corona virus have end and medical team got medicine how to get people safety from Corona virus and stop for bad thing.
The chinese government have medicine to cure this disease and the latest update from wuhan that people who have been infected have declined there and they returning doctor volunteers to various regions that I think the corona virus pandamic will end soon. As for another country, I think that should learn to chinese government and they can buy a medicine to treat the people who has infected. Actually bitcoin doesn't need to wait for this pandamic end, because in few days ago bitcoin has increased.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
This is what Coronavirus (COVID 19) did to Bitcoin:



But still, I am glad that this rout helped to alleviate some of the myths related to Bitcoin. Some of the analysts claim that Bitcoin is different from other investment assets, and therefore it may be resilient at times of economic meltdown. But the exact opposite happened now. BTC has lost value even more than other assets such as equities and bullion.
I don't believe that the epidemic Corona virus has a connection with the current drop of Bitcoin and most of the real hodlers of Bitcoin firmly believe in this digital asset and will never sell during dumps. I think there are some people who spread FUD about the current virus situation to connect it to the current market situation of the crypto world, based only on my own opinion.
This is also what I believed last 2019, with the corona virus being discovered and only circulates in China I don't think it would really impact such market like crypto but it has shaken the world of stock which what might be the very reason why it rattles the crypto world, So for me this is an indirect result of coronavirus disease. I firmly believe that we already achieve the price resistance at $4K, so there would be no dump beyond that point perhaps bitcoin hodlers tried to jump into another ship.
full member
Activity: 1218
Merit: 105
This is what Coronavirus (COVID 19) did to Bitcoin:



But still, I am glad that this rout helped to alleviate some of the myths related to Bitcoin. Some of the analysts claim that Bitcoin is different from other investment assets, and therefore it may be resilient at times of economic meltdown. But the exact opposite happened now. BTC has lost value even more than other assets such as equities and bullion.
I don't believe that the epidemic Corona virus has a connection with the current drop of Bitcoin and most of the real hodlers of Bitcoin firmly believe in this digital asset and will never sell during dumps. I think there are some people who spread FUD about the current virus situation to connect it to the current market situation of the crypto world, based only on my own opinion.
sr. member
Activity: 938
Merit: 251
We don't know when the end of Corona virus because many countries look get their people with corona and Italian become bigger country have pass away their people with Corona virus, I think bitcoin will grow up after corona virus have end and medical team got medicine how to get people safety from Corona virus and stop for bad thing.
sr. member
Activity: 1988
Merit: 453
This is what Coronavirus (COVID 19) did to Bitcoin:



But still, I am glad that this rout helped to alleviate some of the myths related to Bitcoin. Some of the analysts claim that Bitcoin is different from other investment assets, and therefore it may be resilient at times of economic meltdown. But the exact opposite happened now. BTC has lost value even more than other assets such as equities and bullion.
jr. member
Activity: 301
Merit: 3
DAEFROM.com
According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

So how does this affect the markets?

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

If we are to expect the fear continues into June, prices should keep falling until June.

Be patient until June and then buy.

The World Health Organization stated that COVID-19 is already a pandemic and everyone knows that already. It affected us globally and internally. Markets and economies weaken, along with Bitcoin's depression and it is true and inevitable because people have this fear of getting bankrupt and have liabilities. This results to them selling their coins rather than buying. And this just proves the decemtralized property of Bitcoin because we control the price. I agree with you when you said to be patient. There are already numerous cases of Bitcoin's seem-to-be tragedy but it always get its way. So, as long as we will be rational and critical thinkers, I think we'd be safe and eventually, we can regain the standard system.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
Yes. This is a patience game. The roller coaster ride will stay for how many months and what's the most important matter is that you are not letting the opportunity pass alone and you're buying at the every single buying opportunity.

I have read analysis that says $5k should be the bottom and it actually did. Within a span of less than 24 hours, $2k less for bitcoin and around or more than $70-B has been wiped out.

The coronavirus or the NCov19 really hit the market of fiat currency and the cryptocurrency but we are now focused to the bitcoin from the previous weeks of the bitcoin before the outbreak happens it is continuously pumping and it is a good market graph and one day after the government of the china announce that they are a virus spreading rapidly on their country the market price of the bitcoin immediately fall down because some of the people there make sure that their money is safe and can be used to survive for the whole outbreak and they use those to buy a lot of things they need foods, clothes, personal hygiene and more to avoid the spreading of the virus from the previous weeks it is rapidly dropping came from 9k dollars after two days its fall into 6k and now we are here in the price of 5k after a week it is become stable on the price of 5k to 6k range and now we are looking forward to the market income of the bitcoin again to make more profit to us and stable on the market.
newbie
Activity: 21
Merit: 1
Of course, the coronary virus has negatively affected the prices of stocks and currencies, and the market collapse is expected to continue until the crisis ends. I think your words are true regarding the purchase, especially at the present time with the fluctuation of currencies. Thank you for this precious advice, and I hope stability will return to the scene soon.
newbie
Activity: 1
Merit: 0
I think that is not for long on a historical scale.
covid19 is more deadly than seasonal flu, but next year it will not be worse. and in two years it will be treated like seasonal flu.
but this virus will have an impact on technology, trade relations and social connections. and bitcoin is part of these categories.
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legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
I'm not sure about the time it will be appropriate in the whole world because even though they can heal many people but at least it only happens in their own territory and we know, some other countries are doing the same way and anticipation to avoid and destroy this pandemic, but some other countries do not have medical devices and other things with a lack of equipment and materials in other countries that need to be imported but in reality it is hindered because of licensing and other things such as lockdowns. So I don't think there is a definite time to end all this and apart from that all related to the problem of buying bitcoin at a low price is indeed an opportunity because at the same time also before and after halving it looks like the price is still at a low level so it's true, take advantage of this moment if you really believe this pandemic will end and prices can recover later.
member
Activity: 558
Merit: 11
umachit.fund
Coronavirus affects all over the forex commodity market including Bitcoin, no one cant surely when it stops, Everyone needs to pray & stay safe from this virus.  Cry
hero member
Activity: 3052
Merit: 651
And there is halving which will come first.
It doesn't really make the price go higher. But with this cheap price it could be a good risk to buy now.

Yeah, it is unsure what will happen after the halving even with this virus still being feared. That will be the time people will come out and will go back to their normal life.
I know those sold bitcoin will be bought again but it might take long since some people are not making any money due to this virus.
But it will, fingers crossed.

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I think we don't have to wait until June to buy bitcoin because we can buy bitcoin every time the price is down. After we get the bitcoin, we can wait for the price to increase again, and I am sure that the price can grow more than $50, and if we can use it to buy at a low price, and sell at a high price, we can make a profit many times. I hope that we don't have to wait for a long time to see many people can get medicine for fighting the virus so they can get a cure as before.
full member
Activity: 1190
Merit: 117
Of course the corona virus affects bitcoin, because the bitcoin in February was already trending up. And this is since the corona virus spreads
automatically bitcoin prices continue to decline. I really hope that the spread of the corona virus can end and will also restore the price of
bitcoin.The best step right now that should be taken in my opinion is to buy as much bitcoin as possible. Because bitcoin will definitely rise
again, before that happens we have to collect bitcoin from now on.
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