Topic: Is Covid-19 a cause for BTC price drops? (Read 837 times)
This time bitcoin already pairs with currency, it will make volatility in big number if currency fall. Until now only this reason I believe become answer why bitcoin fall about your list is the effect economy slowly and make currency lost value. For your question I will say " yes " and this is not a good time to keep looking the reason but how to deal with it. Life keep go and we should follow it, stuck in economy fall is bad but doing nothing is worst.
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I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.
In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.
In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.
Agreed with you. However The covid-19 is still spreading and killing people from all over the world. But regarding to Bitcoin, the panic is over and the price successfully recovered.
I guess people celebrate their profit for a while after they can sell their bitcoin at $9,300, and they still trying to make another profit from the up and down of the price. We hope that people are not panic if the drop is happening because they already know that is what will happen with the bitcoin market. After the price touch the high price, the price will get a correction to set the new price before the price increases later.
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We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government. With that been said, as covid-19 is concern panic is over but with the lockdown and increase in number of death world wide which is now said to be 3Million while 239,029 death was recoreded today people are panic to invest their fund and what some are doing most now is helping the needy people. This the reason why stock, oil etc are affected while bitcoin is exempted due to it features.
I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.
In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.
In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.
Agreed with you. However The covid-19 is still spreading and killing people from all over the world. But regarding to Bitcoin, the panic is over and the price successfully recovered.
We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
This pandemic indeed affect all of us and it seems the time stop because of the lockdown. Our busy days turn to staying at home to prevent ourselves getting infected and its really hard specially if you have no savings to spend during this trying times. But despite of that crypto market gave us light to have hope for our investment. Our economy is not doing good but crypto market managed to bounce back after the sudden dip. Its a sign that good things will going to happen in crypto and after the lockdown is lifted so stay positive. 
We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government. Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.
In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.
We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
If you checked the historical data, you should have seen that halving does not mean automatically the start of a bull run. This is one of many factors and its influence is noticeable only over time. I do not think that halving will be able to dramatically "overcome" the general negative conjuncture in the economy.
I agree with you. It is not right to think that all the halving will create a bitcoin bull market. Because a lot depends here. From what I said, we can expect Bitcoin to be in a better position after halving. Here I did not say sure bitcoin will be in a good position. Another thing that comes to my mind is that there is no guarantee that history will repeat itself every time. We can see the real result after halving, so it would be better to wait now.
We all know that covid 19 virus is the cause of all these crisis, from world economy to cryptocurrency covid 19 has made a huge impact to not only on stock market price but even on bitcoins price.
Covid made huge impact to stock market yes, but to cryptocurrency? Nope. The pandemic does only a minimal impact to cryptocurrency. What causes the huge drop is the plustoken scam and dump last month.
If the pandemic has huge impact in cryptocurrency, we shouldn't have seen a gradual price recovery since the pandemic became worse day by day.
The price movement of Bitcoin is considered normal and It wasn't really badly affected by the pandemic. We experienced a correction and now the price is recovering. If you're in crypto space for more than 2 to 3 years you've already know it's kinda normal stuff in here.
We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
If you checked the historical data, you should have seen that halving does not mean automatically the start of a bull run. This is one of many factors and its influence is noticeable only over time. I do not think that halving will be able to dramatically "overcome" the general negative conjuncture in the economy.
We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.
I think Covid-19 had no effect on pricing in the cryptocurrency market, but on the whole, of course, it was reflected very strongly on the economy, and not for the better.
Maybe yes and maybe not, because even lately the price of bitcoin can be said to get a recovery and I think this recovery is related to the approach to the halving event later, so, I don't think we can also assume the decline that occurred earlier due to the impact of the pandemic. because at least there are other factors such as a correction that will certainly occur before the recovery, because if the decline that occurs is not accompanied by recovery as it is now, then the decline that may occur purely due to conditions that are getting worse because of the pandemic.
We all know that covid 19 virus is the cause of all these crisis, from world economy to cryptocurrency covid 19 has made a huge impact to not only on stock market price but even on bitcoins price.
Hmm Covid-19 is very much reason to falling bitcoin price. Eventually not only bitcoin but also others majors currency price also dropped because of Covid-19.It actually destroyed all investment & investors. Stock exchange also affected by Covid-19.So overall as you said Covid-19 is the main reason to drop of markets.
Although it is true, the crypto has already risen for a small price. I think the drops are because people panic selling their assets, so that makes the market chaos, and that cause the crypto market getting the impact too. But we don't have to worry because everything will be normal again. It is the best time to buy more because the price is not too high.
Hmm Covid-19 is very much reason to falling bitcoin price. Eventually not only bitcoin but also others majors currency price also dropped because of Covid-19.It actually destroyed all investment & investors. Stock exchange also affected by Covid-19.So overall as you said Covid-19 is the main reason to drop of markets.
I agree that covid -19 destroy the worlds economy,,even crypto suffered from price drops, but i think as the world is slowly healing ,btc price will also recover as the day passes.
The world is affected a lot, traditional investments like stocks suffered a lot but crypto did suffer in just a very short time and now it's recovering, this makes us think that crypto is not fully correlated with stocks because crypto is quite healthy now. 
I agree that covid -19 destroy the worlds economy,,even crypto suffered from price drops, but i think as the world is slowly healing ,btc price will also recover as the day passes.
Dollar is a far larger market, not recorded on a public register like BTC is and overall a far better cover for any untraceable payments. Governments prefer digital payments for easier tracking of FIAT but theres plenty of paper available still.
BTC isnt fractional, all the units circulated are moved whole from address to address between people so this kind of unwinding is not the same, the two monetary types probably have different dynamics to them. I see a large amount of new cash introduced to most major currencies, I dont think there is going to be less units in circulation. Value could fall, that'd match inflation and quite possibly BTC appears as a ratio higher price.
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it has caused the drops in the price of Bitcoin and the entire economy.
Im not sure thats the case for online transactions really, I'm still buying the stuff I used with crypto same as always because its digital anyway What we're really referring to is deflation or contraction in monetary velocity as less business is done the economic base would contract. Because FIAT is a fractional reserve currency, contraction is deleveraging which raises the worth of the currency.BTC isnt fractional, all the units circulated are moved whole from address to address between people so this kind of unwinding is not the same, the two monetary types probably have different dynamics to them. I see a large amount of new cash introduced to most major currencies, I dont think there is going to be less units in circulation. Value could fall, that'd match inflation and quite possibly BTC appears as a ratio higher price.
And it seems to me that the rate will grow because now scammers and corrupt officials will launder their money faster and will buy bitcoin to hide their dirty business.
You're like those clueless mainstream journalists who think all money launderers are doing it with Bitcoin and there's nothing else it can be used for but illegal activities.
What are you even doing on a Bitcoin forum? Come down to earth please. 99% of money laundering is done with fiat with shell companies. Bitcoin is not completely anonymous and easy to trace.
Due to the danger that Covid19 represents, it has caused the drops in the price of Bitcoin and the entire economy. We are trying to survive, as long as there is no cure the damages cannot be calculated with precision. We know that the economy is in decline and we need to join forces to move it forward.
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