How Coronavirus affects Bitcoin and when it will end - page 3.

conected

hero member

Activity: 1302

Merit: 503

Quote from: alexsandria on March 18, 2020, 04:47:50 AM

As we can see on the market graph and situation we can easily say what are the affects of the coronavirus to the value of the bitcoin as well as the other cryptocurrency in which it dumps so fast so it is really a very bad news for us so we should really wait for the bitcoin to rise up again and maybe when the coronavirus gone the bitcoin and other cryptocurrency will arise again.
Right now we doesn't have any idea on when it will ends.

- Not just bitcoin, investment businesses, stock indexes, more precisely, the world economy is suffering significant losses, understanding the general situation of the world, bitcoin will surely go down and be hard to recover because investors know the financial instability, the risk of whales liquidity and waiting for everything to stabilize is very high. At the moment, I really want to know when it will end, but as you say, countries have not yet had a thorough measure to prevent this disease, the waiting time will probably be long, need to be patient

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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

Its obvious that yes it affected ALL of the markets on the world but on Bitcoin, it has a less effect on it. What really makes the price of Bitcoin to go down is the leverage exchanges which the longs on the exchanges got liquidated making the price to go down. There are some videos on youtube saying this and there are some proofs on it.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

So how does this affect the markets?

No need to say since we saw how it affected all of the markets already.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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

Well, with the current trend that is happening right now maybe it will truly happen. Many countries are helping each other already to prevent this virus to spread from researching for a cure for this shitty virus to sending protective equipment for our frontliners (nurses, doctors and all of the health staff).

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

Be patient until June and then buy.

If this really happens then the "history repeats itself" of Bitcoin will be destroyed because we saw in its past 2 halvings that it went up as the halving goes near but now it is the opposite that is happening because of this stupid virus.

alexsandria

sr. member

Activity: 896

Merit: 268

★777Coin.com★ Fun BTC Casino!

As we can see on the market graph and situation we can easily say what are the affects of the coronavirus to the value of the bitcoin as well as the other cryptocurrency in which it dumps so fast so it is really a very bad news for us so we should really wait for the bitcoin to rise up again and maybe when the coronavirus gone the bitcoin and other cryptocurrency will arise again.
Right now we doesn't have any idea on when it will ends.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

How can china says it will end on June when they don't even have the cure?yeah they are fighting the virus and curing infected but not have the answer to the Virus itself so no one can assure the end of this unless there comes a cure invented by professionals so for not its very early to tell.

Quote from: Meowth05 on March 18, 2020, 02:09:25 AM

I hope that these prediction is true because I have a high hope that bitcoin will skyrocket its prices and I hope that people will hold on their stock and do not sell.

lets think about human first because Bitcoin can have so much time to rise but the Life of the victims cannot be bring back if taken.

ukon

sr. member

Activity: 336

Merit: 250

SPYCE | Rise of Web 3.0 - www.decenternet.com

Quote from: omone1 on March 15, 2020, 10:05:10 PM

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

It is indeed too big for the world of effects of Covid-19 because many activities have been paralyzed in the last few weeks. Many people feel anxious and panicked by fear of this co-19 I think this will soon be resolved, hopefully it will happen.
The entire world market is indeed falling, including the cryptocurrency market, when this market is destroyed so badly that it is almost 70% down, but on the other hand, the fiat currency has strengthened to high, is this a trade war?

Meowth05

sr. member

Activity: 854

Merit: 267

★777Coin.com★ Fun BTC Casino!

I hope that these prediction is true because I have a high hope that bitcoin will skyrocket its prices and I hope that people will hold on their stock and do not sell.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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.

It is unlikely that the fear of people associated with the spread of coronavirus is the reason for the fall in the price of bitcoin and other cryptocurrencies. Governments began to take tough measures to localize its distribution, this sharply violated the plans and routines of people. They needed extra money to protect against this virus. If there was no free cash, they started selling cryptocurrency. Now, the price of bitcoin over the past few days is relatively stable. This is proof that this was not a panic, but forced unforeseen expenses of people. The spread of coronavirus will decline and the price of bitcoin will go up.

bearexin

full member

Activity: 1162

Merit: 168

Right now I think the situation is under control and things are cooling down and might start getting back to normal again. We can’t really predict when it’s going to be that the price will start going up, the price can start going up even before the June that you have been predicting or you’re right about that because the halving will be on May and after that we will be going into the month of June, it can also start going up a bit from then.

Quote from: ?? on ??

Think about it, not everyone that are currently under monitor are positive in the virus. We might end up lesser people infected and that would make them continue to still trade crypto just like their daily habit is.

Lol, you said that like everyone that has been affected are people that are trading cryptocurrency. Anyway, I have been following up with the site for live updates and I’m very happy when I see that the rate of recovery is more than that of those that are not recovering. It’s good.

Latviand

full member

Activity: 1540

Merit: 219

In my opinion, it is not directly corona virus which is affecting the crypto industry but the consequences of the spreading of the said virus which have first affected the economy of those countries where cases of the said virus were reported. The economic problem might have reflected to the market situation in cryptoindustry. So I would say that is an indirect effect of corona virus to the market orices of cryptos. Feel free to correct me because this is a mere opinion.

Quote from: omone1 on March 15, 2020, 10:05:10 PM

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

I do think that there are still other factors which makes thr market price struggling at this moment. It could also be the anticipated halving. Before, this was already expected by people, that as the date of halving is aporoaching, the market price will fall, which would open a huge opportunity to the investors to invest, and earn huge profit after the halving, which is assumed by many to lift the market price of Bitcoin and other cryptos.

omone1

member

Activity: 845

Merit: 52

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: elmag398 on March 12, 2020, 08:51:30 AM

since the outbreak of the virus bitcoin value has reduced drastically. this will be profitable to traders; cause most of them will buy btc now hoping to sell when its value increases. Its not a new thing that btc value keeps fluctuating. I believe the effect of the virus will end with time. especially when the virus is finally eradicated.

It is the Holders who will make more profit on this because we are the one who can stand holding for long time and we don’t care if how long this bear market runs.
We are putting money inside this crypto market without caring of because those are our can risk money and not that we will cry if we fails.
Only strong Holder will win in this Corona Virus fight and if you are weak person then better get out of market for now and come back when bull starts to come.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: hatshepsut93 on March 12, 2020, 12:31:30 PM

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

There's nothing extraordinary about it, "more people are cured from the virus than died" means that mortality rate is below 50%, and there's actually few diseases in this world that have above 50% mortality rate.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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

There's no doubt that the virus crashed the stocks, but with Bitcoin it's not that clear, because technical analysis shows that Bitcoin failed to break past important resistance level, which might have triggered the bearishness. Basically, we don't know just how much influence does the virus have on Bitcoin.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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.

I seriously doubt that Bitcoin will keep going down for months, the halvening is soon, and the market wants to be bullish, there's little chance for going down further, at worst we'll have another period of stagnation.

As the price of bitcoin drops these past few days and the covid-19 is trending and labeled as pandemic, I think that the virus contributed to that downward movement in bitcoin's price. Although we all know that even though the virus is not yet discovered, the bitcoin is already volatile and we have nothing to do about it. But on the other hand, workers are having a hard time earning money because of the community quarantine. I believe that due to the bad effects of the virus in our economy, digital currency is experiencing a wide economic problem due to the market. Resources are being limited and difficult to manipulate because if they continue to do so, they will risk their lives and can cause death. Always remember that before anything else, be mindful of your health and focus on taking care of every one that's beside you. Bitcoin will surely grow again soon and let our patience be in our priority.

pragna

full member

Activity: 1582

Merit: 101

I think this is our bad luck that when market turned up, some problem arise into market. Though COVID-19 is a world wide problem at present time but unfortunately it affected crypto market also. But i think very soon we will win against COVID-19 as CHAINA turned back to their economy. Be patience everybody.

thanks.

FanatMonet

hero member

Activity: 742

Merit: 507

Quote from: White Christmas on March 15, 2020, 02:19:14 AM

The virus has a big effect to the bitcoin specially to their value and price of the coins and tokensas you can see the market was dumped and very down right now and maybe because it is in the virus that is spreading and manipulating the market right now i pretty assume that it will just and maybe sooner so that the market will able to recover again and the script to holders will be able to recover again their losses specially right now that the major dump was occurring in the market.

Some people who opened positions at a price of $ 4,500 and, possibly, even lower, could already make good money at this dump.

Personally, I will assume that before halving, we will need to keep the price at $ 5000-5500 for bitcoins. The cryptocurrency market has shown too much collapse, and now it needs to restore confidence.

White Christmas

sr. member

Activity: 882

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

The virus has a big effect to the bitcoin specially to their value and price of the coins and tokensas you can see the market was dumped and very down right now and maybe because it is in the virus that is spreading and manipulating the market right now i pretty assume that it will just and maybe sooner so that the market will able to recover again and the script to holders will be able to recover again their losses specially right now that the major dump was occurring in the market.

camito

jr. member

Activity: 301

Merit: 3

DAEFROM.com

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

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.

https://edition.cnn.com/2020/03/09/economy/global-recession-coronavirus/index.html stated a very relevant fact that every Bitcoin users and investors should know. We are currently experiencing this downfall and we have seen how the lockdown in countries have affected them. Let's be realistic and mature. We can never be sure of its end because firstly, we are not experts and we can only rely on the trust we give to the medical and research field. The economy is affected, big time. The currencies are also affected. They are not stable as we know it and who knows when will it make a come back? It is safe to say for now that a user must think of the situation wisely and rationally. It is not the time to spread panic but instead awareness.

slashz9

full member

Activity: 1554

Merit: 101

So you mean there won't be an increase until June?
I think some people will take advantage of this situation to make price spikes, though not high enough to at least make the market go up and down as usual, and will not be stable because of the effects of this virus.

denzkilim

full member

Activity: 1218

Merit: 105

Quote from: fiulpro on March 12, 2020, 12:20:09 PM

Due to Quarantine , people are supposedly buying a lot of groceries and food products , people due to excessive buying are causing a shortage of toilet papers in many parts of the world .

People are taking out all their investments so that they can cope up with this panic buying therefore I do think Corona Virus is causing the Bitcoin price to decrease and not just bitcoins it's many stocks .

There is a possibility that people are doing that but I don't think that the virus that is spreading is the only reason why the market fell more than 40% due to the panic buying of daily necessities of life. I do hope that the market will recover as soon as possible from its recent crash.

ballerin and giroud

member

Activity: 868

Merit: 16

Coronavirus is the first problem when the market crash event that is not for cryptocurrency market only but all of the market like stock, oil and even gold right now has fallen. This is recession mean I guess, we were talking about recession long time ago and we have considered that bitcoin and altcoin were the save place to store our money and it was failed. Market cryptocurrency have fallen too like another place, just a gold price who show that it is deserve to call as a safe haven place. Many people there have saved their money into gold and sold them for it.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: Velkro on March 12, 2020, 06:37:14 PM

Quote from: elmag398 on March 12, 2020, 08:51:30 AM

since the outbreak of the virus bitcoin value has reduced drastically.

Im a little suprised tho, its better and easier to store than gold.
You can't buy toilet paper with it easily enough probably, that is reason of current bitcoin crash... toilet paper.

Semi-joke aside, people need food stockpile for bad times, toilet paper most of all and that need cash, not Bitcoin.

It is but gold markets are much more stable and trusted than Bitcoin markets.

People might think twice if you asked them if they trust more in physical gold or Bitcoin but if you asked them if they trust gold or Conbase, Binance and Bitfinex most would choose gold. That's what people are choosing now. They aren't selling their Bitcoin holdings but running from leverage trades and centralized exchanges that can go bankrupt and disappear with their money.

Exchanges are more affected by the situation than Bitcoin itself!

Topic: How Coronavirus affects Bitcoin and when it will end - page 3. (Read 1945 times)