New COVID strain may affect crypto valuation - page 2.

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Quote from: paxmao on November 26, 2021, 11:32:58 AM

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

The new covid variant has an effect on crypto market due to the behavior of investors towards their investment but I think it wont be as bloody compared to the first covid scare last year. Even the market is declining we know it will recover again.

Thus there's no need to panic or keep worrying if the market will crash. Just think of what happened in the past, the market recover and most coins reached their new ATH. Thus, we should be used to this kind of scenario to avoid having doubt and worries.

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Quote from: macson on December 06, 2021, 11:51:04 AM

Quote from: paxmao on November 26, 2021, 11:32:58 AM

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

i haven't been in bitcoin for long but i continue to learn from experience and also the advice of those who have been in bitcoin for a long time. bitcoin won't be at the top forever nor will it be at the bottom forever, this is the best advice I've ever gotten from one of the old members on this forum.

Nothing is permanent, but the best advice in this situation is to take advantage of the bitcoin opportunity that has been presented to you, invest until it is exhausted, and earn money while you still have the opportunity. Because we cannot predict the future, we must earn money from bitcoin while it is still in existence. I would also add that all of the coins, stocks, and foreign exchange rates are currently in the red, with a number of countries once again suspending the opening of their tourism markets.

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Quote from: Baofeng on December 06, 2021, 06:10:11 PM

Quote from: freedomgo on December 03, 2021, 03:04:57 AM

Quote from: kawetsriyanto on December 02, 2021, 06:22:11 PM

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022

In my country, the cases of new covid are also found but our society isn't too panicked as before. Even some people predicted these cases will end soon in January 2022. These people believe the cases are just made to make people stay at home during the new year. If the news of new covid already spread out a whole country, people won't be brave to move everywhere. If we consider these people's opinions, maybe lockdown only happen in December 2021 and January 2022.

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

crypto will crash again cos many will take profits to get set for the lockdown

Crypto crash only happens temporarily. We must realize that crypto market is growing fast during the pandemic. So, Covid won't impact so much for the long term on crypto market. People may sell their coins now, but won't sell all. They know if crypto market will continue improving. So, don't be so worried!

The crypto market has survived from the previous variant of covid, so we may expect that things will not become worst for crypto this time. In fact, this might even cause for the market to surge high again since a lot of people will be staying at home so they will have more time searching jobs or any resources that will provide an income. So there’s no need to panic and decide to sell most of the coins as we all know that this correction phase has temporarily made the market dump, and eventually the coins will recover in time. This new covid variant may be a big threat for the economy of a country but most likely, it will not threaten the crypto market.

We have to understand where the market is coming, or least the investors, this is a new strain and we don't know what will be the effect on us. So every financial market reacts including ours.

This won't be a threat for the cryptospace, but there'll some impact felt. Because during the pandemic when the world market suffered, the cryptomarket kept growing reaching new ATH at some time interval. Those are hard days of life. Now more precautions were taken and governments are acting fast to keep everything under control.

Quote from: Baofeng on December 06, 2021, 06:10:11 PM

But rest assured that when everything settles down, the market will recover again, it might not be the 6 digits that we are expecting this year, but at least a good bounce to $60k might be a good sign that we are going to be still in the bullish phase.

Myself believe on a market crash in the upcoming days. After market correction there is no big bullish move. It was moving around $58k for few days and suddenly dropped low to $50k. Often reaching $50k and dropping down close to $48500. It hasn't gained good momentum to push itself high above $50k and turn bullish. Somehow we can hope for the previous ATH and not the $100k+ value.

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Quote from: freedomgo on December 03, 2021, 03:04:57 AM

Quote from: kawetsriyanto on December 02, 2021, 06:22:11 PM

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022

In my country, the cases of new covid are also found but our society isn't too panicked as before. Even some people predicted these cases will end soon in January 2022. These people believe the cases are just made to make people stay at home during the new year. If the news of new covid already spread out a whole country, people won't be brave to move everywhere. If we consider these people's opinions, maybe lockdown only happen in December 2021 and January 2022.

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

crypto will crash again cos many will take profits to get set for the lockdown

Crypto crash only happens temporarily. We must realize that crypto market is growing fast during the pandemic. So, Covid won't impact so much for the long term on crypto market. People may sell their coins now, but won't sell all. They know if crypto market will continue improving. So, don't be so worried!

The crypto market has survived from the previous variant of covid, so we may expect that things will not become worst for crypto this time. In fact, this might even cause for the market to surge high again since a lot of people will be staying at home so they will have more time searching jobs or any resources that will provide an income. So there’s no need to panic and decide to sell most of the coins as we all know that this correction phase has temporarily made the market dump, and eventually the coins will recover in time. This new covid variant may be a big threat for the economy of a country but most likely, it will not threaten the crypto market.

We have to understand where the market is coming, or least the investors, this is a new strain and we don't know what will be the effect on us. So every financial market reacts including ours.

But rest assured that when everything settles down, the market will recover again, it might not be the 6 digits that we are expecting this year, but at least a good bounce to $60k might be a good sign that we are going to be still in the bullish phase.

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Quote from: paxmao on November 26, 2021, 11:32:58 AM

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

i haven't been in bitcoin for long but i continue to learn from experience and also the advice of those who have been in bitcoin for a long time. bitcoin won't be at the top forever nor will it be at the bottom forever, this is the best advice I've ever gotten from one of the old members on this forum.

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Quote from: kawetsriyanto on December 02, 2021, 06:22:11 PM

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022

In my country, the cases of new covid are also found but our society isn't too panicked as before. Even some people predicted these cases will end soon in January 2022. These people believe the cases are just made to make people stay at home during the new year. If the news of new covid already spread out a whole country, people won't be brave to move everywhere. If we consider these people's opinions, maybe lockdown only happen in December 2021 and January 2022.

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

crypto will crash again cos many will take profits to get set for the lockdown

Crypto crash only happens temporarily. We must realize that crypto market is growing fast during the pandemic. So, Covid won't impact so much for the long term on crypto market. People may sell their coins now, but won't sell all. They know if crypto market will continue improving. So, don't be so worried!

The crypto market has survived from the previous variant of covid, so we may expect that things will not become worst for crypto this time. In fact, this might even cause for the market to surge high again since a lot of people will be staying at home so they will have more time searching jobs or any resources that will provide an income. So there’s no need to panic and decide to sell most of the coins as we all know that this correction phase has temporarily made the market dump, and eventually the coins will recover in time. This new covid variant may be a big threat for the economy of a country but most likely, it will not threaten the crypto market.

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Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022

In my country, the cases of new covid are also found but our society isn't too panicked as before. Even some people predicted these cases will end soon in January 2022. These people believe the cases are just made to make people stay at home during the new year. If the news of new covid already spread out a whole country, people won't be brave to move everywhere. If we consider these people's opinions, maybe lockdown only happen in December 2021 and January 2022.

Quote from: FloridaKid on December 02, 2021, 07:06:51 AM

crypto will crash again cos many will take profits to get set for the lockdown

Crypto crash only happens temporarily. We must realize that crypto market is growing fast during the pandemic. So, Covid won't impact so much for the long term on crypto market. People may sell their coins now, but won't sell all. They know if crypto market will continue improving. So, don't be so worried!

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Quote from: Silberman on November 28, 2021, 01:04:11 PM

Quote from: paxmao on November 26, 2021, 11:32:58 AM

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

It is very similar to what we saw back then, the markets hate uncertainty and the pandemic has been full of it, the new variant of the virus seems to be one of the most dangerous to date, so the international community is very worried about it as they fear that we may have to go to square one and live once again the days in which the majority of the population of the world was under lockdown, and all of this when the economies of the world have not recovered and the inflation is already very high.

They are right, in fact in 2020 almost all the speculative markets fell, Bitcoin also fell a little, of course it is the effect of the panic exerts its pressure on the market, however for that year gold did not fall much either, but of all the Speculative markets, the one that first recovered quickly was BTC, I think it was nothing more than the emotion of the moment that causes many investors to extract their money and put it on a safe side, but since this pandemic is something very strong, no It is known that it can happen in the market, but now there are some slight falls, but I am sure that the upward trend will not be affected.

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Quote from: BITCOIN4X on December 02, 2021, 03:00:18 PM

Quote from: Botnake on December 02, 2021, 02:31:03 PM

Whatever negative effects on the market this Omicron variant will bring, it's all for temporary. Because we all know that crypto will always recover from all dumps because the demand never stops despite of the economic struggles of lot of countries. This time, i think people are now more aware on the newly covid variant as majority of the people nowadays are more protected because majority have been fully vaccinated already. So there is no way crypto will be greatly affected with this negative news, it might increase the demand for crypto users once lockdowns will happen again.

At least we can learn from the past how the price of bitcoin was shaken after Covid 19 but rebounded again until ATH occurred. Maybe a repeat can still happen this time, but I agree that this ATH was triggered not only because of Covid but also because of the Halving.

If you are hesitating to stay then back off as this is the best option to secure your money. We can't say for sure if ATH $70K-$100K is achievable this year or not. Speculation continues and of course we need to determine it from now on.

Are we sure that we had been shaken off with that Covid situation in the past? We've seen some declines but not as severe compared into those previous years on the market.

We cant even tell even if its the actual reason for such decline or just simply some simple correction or price pull back,thats why its not really that precise
on making some presumptions due to this.

So we cant really say if this one would make out some serious effect or would end up having like nothing at all.

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Quote from: Botnake on December 02, 2021, 02:31:03 PM

Whatever negative effects on the market this Omicron variant will bring, it's all for temporary. Because we all know that crypto will always recover from all dumps because the demand never stops despite of the economic struggles of lot of countries. This time, i think people are now more aware on the newly covid variant as majority of the people nowadays are more protected because majority have been fully vaccinated already. So there is no way crypto will be greatly affected with this negative news, it might increase the demand for crypto users once lockdowns will happen again.

At least we can learn from the past how the price of bitcoin was shaken after Covid 19 but rebounded again until ATH occurred. Maybe a repeat can still happen this time, but I agree that this ATH was triggered not only because of Covid but also because of the Halving.

If you are hesitating to stay then back off as this is the best option to secure your money. We can't say for sure if ATH $70K-$100K is achievable this year or not. Speculation continues and of course we need to determine it from now on.

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Quote from: andriarto on December 02, 2021, 06:25:18 AM

Quote from: Mauser on December 02, 2021, 05:30:00 AM

I agree, it's too early to panic. We don't have a log of information yet. Panic selling could leave us hanging if the prices rise again. Better go just wait and see how bad is it really going to get. I remember last year when the news about the Delta and the Lambda variant came out. People were freaking out that the vaccines didn't work anymore, but in the end it wasn't true and the vaccines still seem to work. Reacting to the first news without having any scientific proof is not good. I will sit this one out and not sell.

I think that if we think long term then panic selling will not happen, especially because of the virus issue that continues to grow. even though if I'm honest sometimes we are tired of the news about this virus. therefore I don't think there is a permanent effect, so this requires attitude and reflection from within us

Whatever negative effects on the market this Omicron variant will bring, it's all for temporary. Because we all know that crypto will always recover from all dumps because the demand never stops despite of the economic struggles of lot of countries. This time, i think people are now more aware on the newly covid variant as majority of the people nowadays are more protected because majority have been fully vaccinated already. So there is no way crypto will be greatly affected with this negative news, it might increase the demand for crypto users once lockdowns will happen again.

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Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022, crypto will crash again cos many will take profits to get set for the lockdown, the only projects that will benefit from this are Play2earn games which will come in handy once lockdown is in action

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Quote from: Mauser on December 02, 2021, 05:30:00 AM

I agree, it's too early to panic. We don't have a log of information yet. Panic selling could leave us hanging if the prices rise again. Better go just wait and see how bad is it really going to get. I remember last year when the news about the Delta and the Lambda variant came out. People were freaking out that the vaccines didn't work anymore, but in the end it wasn't true and the vaccines still seem to work. Reacting to the first news without having any scientific proof is not good. I will sit this one out and not sell.

I think that if we think long term then panic selling will not happen, especially because of the virus issue that continues to grow. even though if I'm honest sometimes we are tired of the news about this virus. therefore I don't think there is a permanent effect, so this requires attitude and reflection from within us

Mauser

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I agree, it's too early to panic. We don't have a log of information yet. Panic selling could leave us hanging if the prices rise again. Better go just wait and see how bad is it really going to get. I remember last year when the news about the Delta and the Lambda variant came out. People were freaking out that the vaccines didn't work anymore, but in the end it wasn't true and the vaccines still seem to work. Reacting to the first news without having any scientific proof is not good. I will sit this one out and not sell.

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Quote from: lumierre on December 01, 2021, 10:35:09 PM

I follow the strategy of investing exactly at the moment when other people are scared. When there is a drawdown, many people start selling, but long-term investors should be strong and be ready to buy more on a dip if they really believe in what that hold. Bitcoin has already overcome many drawdowns and it has always recovered, also I know that it has already has a value as it is used in many financial operations, so I continue holding.

How exactly or what makes you think that people are scared at the moment? You know that there wouldn’t be a way that you would be able to tell exactly that people are afraid to invest in the market and that they’re selling, just that there is a little breakdown in the price doesn’t mean that everybody is already running helter skelter and trying to leave the market.

So you still have to be careful, because the drop in price might just be a little drop that will still go back up again and reach a higher price than the one it was at post the drop. Unless when you would say that people are afraid in the market is when there is a heavy drop in the price, take for example when the market first reached $63,000 which was the first of all time high price this year, it then dropped to around $30,000, that’s when you can say that people are afraid and you can use that opportunity to invest. I did invest then at around that $35,000, and I have benefited from it quite a lot.

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Quote from: raidarksword on December 02, 2021, 02:50:20 AM

A never ending new variant is pain as we know we are still fighting covid still new variant again appears and this will not surely end for sure. I am still bullish about bitcoin and it will still prevails no matter how many variant coming in because crypto adoption is hard to stop.

As much as any new variant that appears will not affect the development of cryptocurrency, it can be seen in the pandemic situation that has not
ended until now, the price of Bitcoin can still shoot very high this year. This means that Bitcoin cannot be stopped, the adoption process will
continue, although new variants will never end. So there's no need to worry about the emergence of new variants, because that doesn't stop people
from buying Bitcoin. Instead of worrying about new variants that keep popping up, it's better to focus on investing in Bitcoin. Because the price of
Bitcoin will continue to rise, even predicted to reach new ATH at the end of this year. We all should never doubt Bitcoin in a situation like now,
where Bitcoin can still be relied on as a fairly good source of income even though a new COVID strain appears.

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A never ending new variant is pain as we know we are still fighting covid still new variant again appears and this will not surely end for sure. I am still bullish about bitcoin and it will still prevails no matter how many variant coming in because crypto adoption is hard to stop.

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Quote from: ivankoh on December 01, 2021, 10:45:50 PM

Bitcoin and crypto have proven the opposite of what covid19 can do. Maybe the state of mind worries a lot more people about it than the Delta, but I would estimate it's pure and bitcoin will still get us through the omicron and even the hyperinflation that's happening gradually started. So my guess is bitcoin will go up soon, holding baskets is the way to go.
My prediction is that all subsequent forms will go down and only bitcoin will go up.

Everytime we can't similar pattern of market progress with bitcoin same as that happened during the previous wave of COVID. Right now everywhere precautionary measures were taken in fast phase and people are prepared to face it. Earlier this was different and people panicked all of the sudden. Those are days that made common people get connected on internet for each and everything. That's also a reason for the pumping of the market.

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Quote from: paxmao on November 26, 2021, 11:32:58 AM

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

The last sentence is way important than anything. Bitcoin has shown brittle nature when it comes to the news which are aint good for economy. This direct and indirect relationship of crypto with the real world is something that is steering the whole investor base. I think there is nothing wrong in that one, we are peeps, we have invested heavily into crypto, we all are here to book the profits and make the lives easier for us and families. So yeah why not, the reaction will be there only the thing is we should not move an inch while setting up our goals and reaching to that level.

Hodling is by default gonna hamper at mass level due to the fear of loosing money. These are hard times, everyone needs money so they will cash out. Those who will stay stubborn on not selling will surely get rewards when prices rebound.

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Bitcoin and crypto have proven the opposite of what covid19 can do. Maybe the state of mind worries a lot more people about it than the Delta, but I would estimate it's pure and bitcoin will still get us through the omicron and even the hyperinflation that's happening gradually started. So my guess is bitcoin will go up soon, holding baskets is the way to go.
My prediction is that all subsequent forms will go down and only bitcoin will go up.

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