Topic: Impact of Future Global Economic in Bitcoin & crypto Price in 2021 (Read 300 times)

Bitcoin, Ethereum, and Binance coin are doing the best, the increase is unpredictable. I just want to say, maybe lots of people think when April that Bitcoin and Altcoin are not worth it to buy, but the fact is so worth it, so No matter when you buy it, if you can Hold it, you will earn profits

If you can predict end of 2021 then you can say true man ! in next post i will send it and you can follow it... not for next 4 years just 9 month!

What's your prediction for March 2025 so I can double it and know the real price 

Do you remember this my post... just now see ! we are in March 2021!

It is a pity that the cryptocurrency market is constantly manipulated by large whales and speculators, otherwise the cryptocurrencies would very quickly begin to be used by society in everyday life.  The world economy is already in poor condition, and in connection with the pandemic, the situation will worsen even more, which means that the government will manually manage the economy and financial turnover, which will necessarily lead to information.  The value of fiat will fall even more, and since the value of cryptocurrency depends on people, it would be great if cryptocurrencies began to crowd out fiat money.

I guess there might an impact on the future economy of crypto in 2021 because the market needs more time from now as it looks extremely volatile, predictions don't favour us everytime it's like a rare instances.

As COVID-19 has already bombarded the entire globe I think it will take some time for crypto to recover from this trend. I wish next year should be a memorable year for crypto.

Bitcoin, like everything else, at one point experienced a sudden decline, but managed to return to a stable zone in a relatively short time. And all that without the help of central banks, MMF or World Bank. This speaks about the power that is based on decentralization and a system that operates on completely different principles from the financial system in the world. While the world's economies depend on the capability of their governments, Bitcoin depends only on the people who believe in it.

All analyzes show that the world will fall into recession, and that it will be much worse than in 2008. Accordingly, things have to be viewed from that angle, which actually means that life will be more difficult than it used to be, and that people will be much more careful with their money. Does this mean that people will invest less in cryptocurrency? Probably yes, but for the reason that we have BTC halving this year, some will still risk some money hoping for a 2017 reprise.

However, I would not agree that the BTC price will reach $25k a year from today, because that implies a new bull run earlier than with the previous two halvings. I would personally be happy if the price is anywhere between $10k and $15k early next year, which could then be a very good starting position for the new bull run in Q3/Q4 2021.

Of course, unless we have a new pandemic or anything of that magnitude.

Predictions are almost always exaggerated. In 2021 the world will still probably be in recession. Also, the question is how this whole situation with virus is going to developed l and some scientists say partial lockdown in different phases might prolonge up to 2022.
So, everything this will affect cryptocurrencies market too, no doubt about it but instead of huge price rise it might happen just the opposite. So, I'm very careful with predictions.

Yeah, this is not going to be like anything else we have faced in the world before. Think of the bubbles that happened in the past and compare them to today and you will see what is different and how hard it will be.

Just to be more precise, think of 2008, that is not really long time ago and if you are not under 20 years old, you would probably remember what that has caused, we are talking about global levels of economic crisis, some banks in New York decided to leverage mortgages and that caused Greece to bankrupt and almost Italy and Spain as well, we are talking about that big of a crash. Still, that was just miscalculations of the risks involved causing this. Right now, it is not just a crash of something, we are talking about literally all shops being closed and that will be even bigger.

If that is true then 2021 will be a lucky year, but I doubt that such a short time can bring bitcoin to 25k.

It is interesting to read the prediction price, but we need to wait for one year, and we cannot be sure if the price can really happen or not. I think we can prepare from now on by buying more amount of every coin that we want because we still have more time to buy. But we need to prepare if the prediction is not happening because the market can move to any price. But I am willing to wait for bitcoin price to back to that high price so that will be the biggest profit that we can get.

So fresh reports coming out from more places now that even the shitty forecasts for the economy everywhere are optimistic. Basically, the message is that this is going to get worse, far worse than most countries are willing to admit, before it gets better again. Most will try to soften the blow and help people through the shock but I wonder if this will be enough to break the system once and for all (I don't think it will).

My grandfather used to tell me how shitty the 1930s Great Depression was. I'm going to be some old fart telling people about the shitty 2020s. Hopefully, also the story of how I held out and thanks to bitcoin, survived the fiat fallout.

So you are saying this will last long for this whole year then we may need at least 5 years to get recover from the lost we made economically all over the world so hope it will end before the second quarter of this year.

I must say that this pandemic is being a great disaster, I am not an economist but I will talk about the things I am seeing in my country ... my country is very poor and produces almost nothing, the price of food has increased by 2X, the prices of cars and many other things that are imported are rising in price at a frightening speed. I wonder if we will be able to buy food next year in my country, I don't know what measures my country's government will take to reduce the impact of the crisis, my country's companies are laying off a lot of workers... with what I reported it is clear that hardly nobody from my country will have money to buy bitcoin

I was to say it might not be possible because the corona virus problem but some nations are getting up to working again and others too getting helping hand now. Maybe it will go away before the year next.

Really its good figures to see but do you think it is possible to reach that value?

Possibly yes and no, so it all depends on coronavirus lifetime,if the virus is going to stay here for longer then the prices will be in the low region for more longer as well.

i still don't think it is possible to predict how bitcoin is going to react during an economic recession or basically "bad times" as you say. there is a good chance that bitcoin continues rising regardless of what is happening in the world but that rise may not happen at the same speed as before. for example looking back price should exceed $100k by 2021 but if a recession were to occur it may be smaller than that.

how can US recover faster than China when the economical impact of Coronavirus is a lot bigger in US compared to China?

no, i disagree.
some of these altcoins may not even exist after 2 years let alone rise up that high.

The coming years for cryptocurrencies will be really very interesting and unusual. We may well be able to see a similar increase in prices on the cryptocurrency market. We have already begun to say that we are entering a very tough global economic crisis, which will be stronger than the previous one. During this crisis, a decentralized cryptocurrency should prove to be a financial asset that is resistant to the inflation of ordinary currencies. In this regard, the demand for cryptocurrency in this difficult time should increase significantly, which means that its price will also go up.

Maybe your prediction for BTC, ETH and maybe XRP will come true but the rest will most likely never reach those prices. Do you really see Bitcoin SV at $600?

China will take a long time to recover because you need to understand that most of the stuff that American's buy from China will not return to a normal trend for years. Basically nobody will be buying $1000 iPhones anymore they will just keep their old phone, same for other luxary goods that they don't require. Most people I know they got a credit card bill that is only 50% of what they normally pay. People will get used to saving money and it will affect many sectors and it will hurt China alot most likely.

Also factor in that most people will be unemployed and no money to buy goods made from China. Hence the next 5 years or so can be a difficult time for China. Because the USA needs to recover first before China can recover since American's consume most of the China goods along with the rest of the world.

I felt sad for these people, but with their current situation I think this is a huge problem to solve for their government. That needs more jobs in order to resolve the underlying problems financially. Bitcoin an cryptocurrency price is very much affected, because this isn't just about America but for the whole world. Crisis is really affecting massive sectors, and there's no assurance for crypto price to recover easily.