If Coronavirus never happened - page 8.

Denamen

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Quote from: rezakurnia66 on April 03, 2020, 02:42:50 PM

Quote from: OasisDre on March 02, 2020, 03:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

The market won't collapse as it did in the previous week. The spread of this Corona virus is very fast and the global economic impact decreases. Economic decline is not happening in one country, but all developed countries have declined. Even digital currency prices are also impacted.

But, we also felt that the price of cryptocurrency after the collapse, slowly Bitcoin and Altcoin slowly rose. And the limelight is Bitcoin moving up very fast. So if the Corona virus does not occur, maybe the market does not collapse but the price will be stable. As in previous months. And learning for all of us is not to panic "control emotions ".

Agree with your comments. This market always has a huge price reduction and this is what happened in the last 2 years. I think covid-19 is just a reason for people to fear and if this disease does not happen then maybe crypto will be reduced even more. However, I think coronavirus has a lot to do with the economy and millions of people are temporarily unemployed.

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Quote from: Finestream on March 29, 2020, 03:16:33 AM

Quote from: FairUser on March 28, 2020, 08:31:43 AM

If it weren't for the Corona disease, we would have seen bitcoin surpassing $ 15,000 in April, which would be sad to see the current situation.

Well, that's a good price but I can't say bitcoin will reach at that level even if there is no corona virus.

Maybe we got ourselves hype too much with the halving, of course it could increase the price of bitcoin but it does not automatically mean it will rise that high. Before the corona virus, people are so optimistic that the coming bull run would result to the price increase but it did not continue actually, in fact it dump back to $7000 IIRC, and then the panic happened which makes bitcoin dump to $4000, but it was just a short stay, bitcoin then recovers.

Sure.
In fact, halving is now more of a problem for cryptocurrencies than a growth driver. The change in inflation at this stage is a small but very significant change in the efficiency of miners. Many miners will turn off their miners, which will become unprofitable after halving, this will lead to a decrease in the hash rate of the network and its reliability. This will be temporary, but it will take some time for the miners to get used to the new working conditions.

rezakurnia66

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Quote from: OasisDre on March 02, 2020, 03:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

The market won't collapse as it did in the previous week. The spread of this Corona virus is very fast and the global economic impact decreases. Economic decline is not happening in one country, but all developed countries have declined. Even digital currency prices are also impacted.

But, we also felt that the price of cryptocurrency after the collapse, slowly Bitcoin and Altcoin slowly rose. And the limelight is Bitcoin moving up very fast. So if the Corona virus does not occur, maybe the market does not collapse but the price will be stable. As in previous months. And learning for all of us is not to panic "control emotions ".

Emitdama

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Are we talking about crypto or are we talking about the world in general? If we are talking about just crypto, if coronavirus never happened we can definitely stay that we would be much higher and would be going over 10k by now with all the buying going on (you can say buying happens because price is low but buying would have happened as usual at least).

But, if you are talking about rest of the world, that might have been affected anyway since stock market was doing very bad and a bubble was waited for a long time to burst. Maybe it wouldn't be as bad as this, it is obvious that corona affected a lot worse than we anticipated but that doesn't mean the economy would be fine anyway. It would gone down a lot less than this, but still would have gone down anyway.

Finestream

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Quote from: FairUser on March 28, 2020, 08:31:43 AM

If it weren't for the Corona disease, we would have seen bitcoin surpassing $ 15,000 in April, which would be sad to see the current situation.

Well, that's a good price but I can't say bitcoin will reach at that level even if there is no corona virus.

Maybe we got ourselves hype too much with the halving, of course it could increase the price of bitcoin but it does not automatically mean it will rise that high. Before the corona virus, people are so optimistic that the coming bull run would result to the price increase but it did not continue actually, in fact it dump back to $7000 IIRC, and then the panic happened which makes bitcoin dump to $4000, but it was just a short stay, bitcoin then recovers.

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Quote from: restuibu on March 28, 2020, 07:23:57 AM

I don't think corona virus has big effect on digital currencies, even though there is no corona virus we don't know what happened in the current situation, even before the corona virus crypto was already very unstable and unpredictable

Agree that we cannot predict the future of this market, but Corona has caused the crypto market to collapse like it is now. It has scared investors and left the market. If it weren't for the Corona disease, we would have seen bitcoin surpassing $ 15,000 in April, which would be sad to see the current situation.

restuibu

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I don't think corona virus has big effect on digital currencies, even though there is no corona virus we don't know what happened in the current situation, even before the corona virus crypto was already very unstable and unpredictable

Botnake

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Quote from: hahay on March 27, 2020, 04:57:42 PM

If coronavirus never happened I personally still believe the crypto market will get a decrease before and after halving but one thing I believe is the decline will not be as severe as experienced so far because with this coronavirus the decline is greater and of course it makes the situation more bad. But after all, I personally am still confident if the bullrun will definitely happen but at least it will not happen this year and we will likely wait at least until the pandemic ends.

It seems like bitcoin is just waiting for one big push to pump right now, its been very stable at $6600 for days already, and we can't say that there are no people trading right now because the 24 hours volume is over $30 billion.

Because you think there's no bull run this year when Coronavirus did not destroy the economy yet, then maybe this is the time that the bull run will come, I mean people should safeguard their money especially US now which are heavily affected, where would they put that? stocks?, no... it's gonna be in crypto.

tippytoes

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Quote from: disconnectme on March 27, 2020, 05:53:50 PM

There is no definite answer to your question but with the way Bitcoin started the year, the sign would be bullish and the price could be around $14k. I just feel the Corona Virus thing came at the right time, it helps people come to their senses, there are a lot of prediction out there, with the project of Bitcoin hitting $200k next year though anything is possible but we need to be realist IMO

We are already rejoicing when we hit 10k last february, we thought that it is continuous, but wait, covid suddenly becomes pandemic. Too bad, everyone is in the panic mode. Maybe, if it was contained much earlier, we will still see the bitcoin's price in 10-11k level. But we really can't predict the future, so everyone should always have contingency plan when you are in crypto. We will face more challenges in the future.

disconnectme

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There is no definite answer to your question but with the way Bitcoin started the year, the sign would be bullish and the price could be around $14k. I just feel the Corona Virus thing came at the right time, it helps people come to their senses, there are a lot of prediction out there, with the project of Bitcoin hitting $200k next year though anything is possible but we need to be realist IMO

hahay

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If coronavirus never happened I personally still believe the crypto market will get a decrease before and after halving but one thing I believe is the decline will not be as severe as experienced so far because with this coronavirus the decline is greater and of course it makes the situation more bad. But after all, I personally am still confident if the bullrun will definitely happen but at least it will not happen this year and we will likely wait at least until the pandemic ends.

jostorres

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Quote from: leea-1334 on March 24, 2020, 03:06:59 AM

Quote from: bearexin on March 24, 2020, 02:52:25 AM

We are talking about close to a trillion dollars globally lost because of this. Maybe not right now, maybe right away, but we are talking about trillions in affect when this is over. Do you know what a trillion dollar is? Do you know what TRILLIONS is? Let me put it this way 2.4 trillion dollars equals to 6 months of 1000 dollar payments to all Americans, yes ALL Americans from the baby that is born today to 100+ year old dude.

So, as you can see if corona never happened we would have a better economy, we actually destroyed years of improvement on economy in a single month because of corona. I don't know what will happen after this and how deep it will get but I am 100% sure that it already destroyed many many things already. Don't know what we can do about it though.

A trillion dollars lost, but then guess what, a bailout package worth 2 trillion is being prepared by the US a lone. So we are creating more money than we lost from what I am reading and this is all going to go very bad. And yes, that all would have happened even without coronavirus. My friend you have been not reading the news since 2019 if you did not see this coming.

Yeah, the 2 trillion dollar package is coming but at what cost? What is it going to solve? USA has been trying to bail out companies over and over again many times already and they still haven't realized that it is not the big huge corporations they have to save, it is the regular people because those regular people are the ones keeping those companies alive, if you do not give the money to regular people those companies will always lose money since whatever they are selling, regular people eventually can't afford it and when they can't afford it the price of those companies stocks will fall since they can't sell their products.

In order to make a company rich, you have to give money to its buyers not the company itself, if the buyers have money to buy, that company will sell and make a profit.

Denreal

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Quote from: OasisDre on March 02, 2020, 03:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Even if it does not happen the way we now see it, cryptocurrency is still unpredictable. We might be seeing bull run and it might be the other way round. Normally, the market would not have plunged at the time it did, but some people (whales) aided it.

Quote from: bittraffic on March 26, 2020, 02:10:57 PM

Quote from: hirngespenst on March 26, 2020, 02:02:37 PM

If Coronavirus never happened then maybe we could be in the mid of bull run! Bitcoin price went to 10K USD, that was the beginning of the bull run, there was a good hype for the Bitcoin halving and now everything is gone! If this virus never occurred we might see Bitcoin at 12k USD, ETH at 320$ and BCH at 480-500$!

Not still. The market would still keep dumping and pumping because most of the institutional traders are trying to accumulate coins and this corona virus had helped them the most in collecting more of the BTC for us to still keep looking up to them in the future. Its a cruel dog eat dog world and our coins are eaten by these big dogs. $10k is probably even just the bulltrap of them.

That is just the basic truth. They are behind it. Well, it is a pity that they have achieved their aim. They bought when saw that it had plummeted to where they wanted and now they are in profit.

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Quote from: jahepahit on March 22, 2020, 08:51:18 PM

Prices were normal before Coronavirus came like it is today, but apart from the Coronavirus factor, the state of the world economy was in shambles, many countries were isolated, and it was certain that this would affect all prices in the world today, including the price of crypto money as well.

Since the outbreak of the corona virus, of course all aspects of life have been affected both socially and economically, slowly but surely many people in various countries are now beginning to experience difficulties in carrying out their activities, so that economic hardship is a risk that must be faced, even since many countries have applied various price isolation bounced but not accompanied by adequate finance.
But many blockchain companies who choose to allow their workers to work remotely or from home, so, that cryptocurrency trading is not too affected by the spread of the corona virus because we can trade by just sitting at home, but still today the crypto market continues to deteriorate and whatever the cause?

bittraffic

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Quote from: hirngespenst on March 26, 2020, 02:02:37 PM

If Coronavirus never happened then maybe we could be in the mid of bull run! Bitcoin price went to 10K USD, that was the beginning of the bull run, there was a good hype for the Bitcoin halving and now everything is gone! If this virus never occurred we might see Bitcoin at 12k USD, ETH at 320$ and BCH at 480-500$!

Not still. The market would still keep dumping and pumping because most of the institutional traders are trying to accumulate coins and this corona virus had helped them the most in collecting more of the BTC for us to still keep looking up to them in the future. Its a cruel dog eat dog world and our coins are eaten by these big dogs. $10k is probably even just the bulltrap of them.

hirngespenst

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If Coronavirus never happened then maybe we could be in the mid of bull run! Bitcoin price went to 10K USD, that was the beginning of the bull run, there was a good hype for the Bitcoin halving and now everything is gone! If this virus never occurred we might see Bitcoin at 12k USD, ETH at 320$ and BCH at 480-500$!

tbterryboy

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Are we really sure it would have been same? I mean sure corona affected a lot but I think economy was going bad anyway, maybe not this bad, maybe not this fast, but it was going bad all the same.

Eventually we would have reached this point, however that only affects the other stuff, crypto would have been better for sure because all others would have fallen slow by slow and people would see it as a bad thing for them and moved to crypto however now everyone sold everything so it turned out a lot worse for us because it was sudden so there is some affects for sure I am not going to deny that but we can't say that all of it was tied to corona. On top of that if corona never happened, we would had a lot of companies staying same, now we have tons of sectors all closing down as well.

KTChampions

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Quote from: Natalim on March 26, 2020, 07:55:20 AM

They'll hold bitcoin because there is no better option for now, stocks are affected by the global crisis, business are close so they can't operate but the crypto market is still here, operating like normal and bitcoin has been very strong in the past few days, this is very positive and I like to see the increase of money entering in crypto.

I would like to know where you are seeing an increasing flow of money into the crypto

As far as I know, after the march collapse, all statistical indicators indicate a decrease in interest and volumes.
And if we are discussing all the options, what about gold? I heard that the physical delivery of gold were sold out for a long time forward in the last weeks.

Natalim

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Quote from: FanEagle on March 26, 2020, 05:27:32 AM

Do you guys really think that the companies who are managing trillion dollars really cared about their bitcoin situation? I mean surely they must have some sort of "crypto analyst" type of position where someone in the company takes care of billions of dollars in crypto (with a team I suppose and not alone) and they must have been in panic when this all happened and they must have end up selling a lot too.

However, I am not sure if that is how it happened, they are huge companies and they have very smart traders working for them as well, which means maybe they were smart enough to keep some of the coins they had and not sell all of them, maybe even buy more when it went down? That way they could have dropped the average and sell for a lot bigger profit later on.

They'll hold bitcoin because there is no better option for now, stocks are affected by the global crisis, business are close so they can't operate but the crypto market is still here, operating like normal and bitcoin has been very strong in the past few days, this is very positive and I like to see the increase of money entering in crypto.

FanEagle

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Do you guys really think that the companies who are managing trillion dollars really cared about their bitcoin situation? I mean surely they must have some sort of "crypto analyst" type of position where someone in the company takes care of billions of dollars in crypto (with a team I suppose and not alone) and they must have been in panic when this all happened and they must have end up selling a lot too.

However, I am not sure if that is how it happened, they are huge companies and they have very smart traders working for them as well, which means maybe they were smart enough to keep some of the coins they had and not sell all of them, maybe even buy more when it went down? That way they could have dropped the average and sell for a lot bigger profit later on.

Topic: If Coronavirus never happened - page 8. (Read 2120 times)