Look at the setup that is developing right now for crypto

pixie85

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Quote from: stompix on April 09, 2020, 06:22:27 AM

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

1)Market optimism is about to explode assuming we are truly moving away from Corona

No, it's not going to explode, it will be a short-lived spike once it's done but the damage the economy has sustained will show its influence for months maybe till the end of the year. Too many business and too much of the commerce has been affected if not completely shut down, billions and trillions lost, just hope will not pump prices back to ATH.

Businesses will also not pump Bitcoin to ATH. Those companies that accepted bitcoin payments were never the real force behind pumps.

In Bitcoin's history all big bull markets were due to hype or manipulation or hype and manipulation together but there's also that low value that is there thanks to long term investors.

Businesses shutting down won't have anything to do with a bull market if it arrives and you won't even see it coming. Most people won't because otherwise most of us would be millionaires by now.

bearexin

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I am also having the same feeling that the price of Bitcoin and some altcoins will increase. I am just not hundred percent sure of it, but this might be the right time that all the predictions that were being made since 2018 and 2019 to happen. I didn’t buy any coins yet, neither did I sell the coins I have in my wallet. I am not in a good position to invest more money in Bitcoin, so I am just going to hold the ones I have since the amount is okay.

But I’m not going to say that other cryptocurrencies will go up as well, the only one I very much believe would increase in price is Bitcoin, as for others it might not be the same, except the top cryptocurrencies like the top ten altcoins.

Reid

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Yeah but not now.
Not even after the halving or even 2-3 months after this.

People are not ready yet after all the spending that had happened.
Then there are stocks of payments that needs to be dealt with since they are not giving any paper works for all the bills.
Finally there is a need to save again just to be ready when another thing like this happen again.
You just don't know so better stock up some necessities.
Those are the kind of things that may happen after the virus is dealt with.
It is like a wound that needs to heal first. But I am sure it will leave a huge scar.

skiorf

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In general halving Bitcoin is the main event that makes BTC growing. Corona pandemic then worldwide and had an effect on the price of Bitcoin which was increasingly dropping. But the effect is only briefly and then Bitcoin is again optimistic to keep going up to Halving.

We can only see the development of bitcoin from now until halving will occur. Everyone will certainly expect a big pump after Bitcoin experienced a bad period in 2018 until 2019.

Ridwan Fauzi

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I'm thinking if the lockdown effect has given a good thing for all people. Can you imagine everyday the people just stay at home without doing anything, good for them who have a salary from their company but for those who don't have any salary they will find many thing to fulfill that.

I see crypto currency is a solutio for that, a few people try to buy bitcoin, start learning it and finally they try to trade or invest. I have my friend who force his self to join in crypto currency, they bought bitcoin a day ago and learn about trading. So, I think this pandamic has given a good thing for crypto industry, because the people have much time to learn it.

Wexnident

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Well, I'm pretty sure that everything's pretty much calmed down already. The true moment of panic came when lockdowns and quarantines appeared, but since a period of time has already passed, I'd guess the people are pretty much used to it and have already adjusted their mindsets. As for stimulus checks being development for crpyto, let's be real here. Panic may have disappeared (or at least lessened), but that doesn't mean that the problem has disappeared. Lockdowns are still in place, and people with no incomes would need the stimulus check for their daily supplies. Many have already emphasized this, why would they trade the money to be used for them to survive? Though I'm not denying that a spike may come in anytime, I am saying that the stimulus check would have close to zero correlation to that.

DooMAD

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Getting excited over a theory leaves a great deal of potential for disappointment. Whatever you think the market is going to do, it may well choose to move in the opposite direction. You would all be well advised not to get your hopes up over what could well turn out to be an anticlimax in the end.

CarnagexD

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Quote from: kryptqnick on April 07, 2020, 04:32:43 AM

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

The way I see it, Bitcoin is finally getting less dependent on the news about the pandemic and is rightfully taking what belonged to it in terms of its value. So Bitcoin is recovering, but this process, as always, can take months, as Bitcoin has a tendency of getting stuck between $6k-$8k for a while. I am not sure when we'll see it stabilize around $9k, let alone go even higher than that. Halving is not a guarantee of immediate success, and the COVID-19 situation is still very unpredictable, so major bad news could bounce Bitcoin back to $5k for all we know.

The market price of the coins is unpredictable because even the market has an excellent upward trend if a vast amount of people declined this kind of transaction this is a massive impact so it is better if we become prepare about the market result because the first rumor because the bitcoin fall is all about the pandemic virus, but we forgot about the market halving that the source of the bitcoin will be cut into the half and can cause of the market price increase rapidly and becomes profitable again but still it takes for over two to three months before the halving is coming and we need to grab this kind of opportunity to make earnings.

davis196

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

Yeah,but there are 3 things to consider:

1.We are NOT moving away from corona anytime soon.The coronavirus peak is still to come in UK and the USA.European countries might have already faced the peak,but they have to continue fighting the virus for the next 2 months.
2.The stimulus checks won't turn people into cryptocurrency buyers.
3.The BTC halving doesn't have that big impact over the bitcoin price.The hype around the halving might have been already consumed

stompix

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

Is this the perfect storm coming?

Nope, just a wave on enthusiasm based on nothing other than speculation unfortunately

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

1)Market optimism is about to explode assuming we are truly moving away from Corona

No, it's not going to explode, it will be a short-lived spike once it's done but the damage the economy has sustained will show its influence for months maybe till the end of the year. Too many business and too much of the commerce has been affected if not completely shut down, billions and trillions lost, just hope will not pump prices back to ATH.

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

2) Stimulus Checks

What are those checks?
1800$ per person? Do you realize how little that is since we're talking about a country with an average wage of 40k a month?
The stimulus check is nothing but a two weeks wage, put that in balance with the millions receiving pay cuts or n unemployment and you will see how insignificant that will be.

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

3) Halving

Again, overrated stuff, things that everyone expects to happen because of previous experience tend not to happen. Cheesy

Quote from: pjcaruci on April 07, 2020, 03:35:03 AM

Do you still believe that crypto expects to be halving?

No, crypto is under quarantine and will not be allowed to halve anymore. Cheesy

Bitcoin halving will happen, nobody can stop this, it can be delayed by slower block time but it will happen sooner or later, when block number 630000 will be mined we will have our halving..

sheenshane

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When the covid-19 started spreading and most investors begin switching their crypto assets into fiat that caused Bitcoin price to drop. It has big negative effects on the world's economy. They think that Bitcoin's price is correlated to the bond market and stock market because they are crushing together. But for me, this is normal or maybe coincidence.

1) It's showing now a price resistance at last, but I still believed that the sudden crushed is because of coronavirus pandemic
2) Every government doing their great job of having a stimulus check to their people and have for an economic impact payment
3) Halving might be had an impact, but it is not quickly occurred.

Kemarit

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

Market has been always been optimistic specially that we are about to enter the touted bitcoin halving. It's that the Covid-19 has somewhat derailed everything for us. However, on the bright side, with stimulus packages, it could be the one that will really push the price where it should be prior to the outbreak. So yes, probably this could be the start of a big pump or bubble in the next coming months. You might call it perform storm, but this is long overdue, IMHO.

fiulpro

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Unfortunately Corona is not going to go away this soon , it still will take a lot of time and efforts to get things back to normal , I think around 1 year it would take for people to finally get on track or start developing heard immunity because let's be honest the quarantine cannot go forever , there is a limit to how much people can afford before it starts getting messy and people starts breaking the rules to earn for their families.
Stimulus checks with respect to cryptocurrencies ? I don't think about that , Halving sure is something optimistic that is why we are seeing people running to invest in Bitcoins.

kryptqnick

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

The way I see it, Bitcoin is finally getting less dependent on the news about the pandemic and is rightfully taking what belonged to it in terms of its value. So Bitcoin is recovering, but this process, as always, can take months, as Bitcoin has a tendency of getting stuck between $6k-$8k for a while. I am not sure when we'll see it stabilize around $9k, let alone go even higher than that. Halving is not a guarantee of immediate success, and the COVID-19 situation is still very unpredictable, so major bad news could bounce Bitcoin back to $5k for all we know.

Lucius

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

1)Market optimism is about to explode assuming we are truly moving away from Corona

If you are already writing about something, then try to at least look at the real facts. Some countries may be nearing an upward trajectory in terms of numbers of infected people, but UK&USA have yet to relive their worst moments. I do not know where in all this you find optimism regarding the recovery of global markets. If you are able to read some basic information visit the following link : https://www.worldometers.info/coronavirus/

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

2) Stimulus Checks

Where, only in the USA? How positive is this for BTC or the rest of the world? Those who get $1000 are unlikely to spend it on BTC, but everyone is free to spend the money they want. However, it should be noted that many Americans will not receive these checks : https://www.nbcnews.com/politics/congress/falling-through-cracks-many-americans-won-t-get-coronavirus-checks-n1177266

Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

3) Halving

The only positive and sure thing that will happen next month, but if we follow the previous patterns, that perfect storm will still wait a little bit, perhaps until next year.

boyptc

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Quote from: pjcaruci on April 07, 2020, 03:35:03 AM

Do you still believe that crypto expects to be halving?

It's not crypto but bitcoin will be having the halving event this May 13,2020.

--> https://www.bitcoinblockhalf.com/

36 days from now.

pjcaruci

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Do you still believe that crypto expects to be halving?

bittraffic

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Quote from: Jeezy911 on April 06, 2020, 04:31:23 PM

Also the technical analysis is in the legendary potential realm. Sorry but I'm pretty excited I think we are going soon.

I'm also excited but worrying whether its sustainable to spike at least 11% everyday, its sure to hit the overbought zone. We know how volatile the market is so there is something to watch out before the sudden drop. There isn't an exchange where we can arrange our BTC to move to stablecoin when its dropping. But I'm hoping all will be good due to halving.

pooya87

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Quote from: Jeezy911 on April 06, 2020, 04:25:10 PM

1)Market optimism is about to explode assuming we are truly moving away from Corona

that's the thing though, not only nothing has changed about coronavirus but also the situation has gotten worse. back when price dropped about 2000 new infected people were found every day and the death rate has been very small but now there are 75000 new cases are found every day with death rate a lot higher than before. so you can't really say we are moving away from Corona!
what happens is that the manipulation and FUD is fading away so price is going back to where it should have been.

boyptc

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The situation that we are with today is still hot and floating in the air. I'd wait until the exact halving day or even after that and take time to sit back and relax for the next 6 months or more for the spike.

Topic: Look at the setup that is developing right now for crypto (Read 276 times)