Well, is normal. You know, whenever there is a news like this and something happens, people are usually afraid and you would see it’s reflected in the market. It’s the usual thing that happens when there is an unfavorable event that takes place, but as time goes on the market will still recover. Although I don’t think this event in particular is really affecting the cryptocurrency market, or Bitcoin to be specific. This is not the first time that Bitcoin has gone below $60,000, almost dropping to $50,000. This happened before and they market was still able to get back to above $60,000 and even reached a new all time high price.
So, this is just the same thing happening again and I believe with time the market will be back to a higher price again. Yesterday we are at around $56,000, and now we are already at $57,000 and the market is still moving.
Topic: New COVID strain may affect crypto valuation - page 4. (Read 698 times)
Covid did hit the crypto industry but not that bad and when things were so serious, crypto fell down and took some rest, again brought up by institutionalists. Today, the situation is limited to some countries due to enough awareness available but I would ask those stupid people who don't wear masks and get out, please stop doing that because you are not just risking your own life but others' too, stay home and pay with crypto.
We dont even able to point out precisely that it was the main reason because the market could dip or drop like that without any events happening aroundbasing in real experience or situation in the market and we know that this market could move out without any relevant reasons thats why its really hard
to tell whether it could mainly affect for this new strand or variant of covid or not yet not all news would really be that relevant.
Covid did hit the crypto industry but not that bad and when things were so serious, crypto fell down and took some rest, again brought up by institutionalists. Today, the situation is limited to some countries due to enough awareness available but I would ask those stupid people who don't wear masks and get out, please stop doing that because you are not just risking your own life but others' too, stay home and pay with crypto.
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.
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.
Good analysis and prediction... now, we all can see that you were spot-on.
Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.
Covid has nothing to do with Bitcoin it has proven already in the last couple of months even if the government already told us that there's a new strain of virus coming but that doesn't stop us or Bitcoin to continue to grow. The sudden drop result isn't because of the new strain of virus or something it's just that Bitcoin needed it in order to sustain a long term stable growth. That's why it has to test some support level but that doesn't mean we already meet the bottom, there are still more room for Bitcoin to grow. And next month might be worthy as what the other think would be.And it is never going to disappear completely, just look at all the times China ‘banned’ bitcoin and the reactions the market had, and even if now China has in fact banned bitcoin it would not surprise me to see it as some sort of news on 2022 and see a small correction as newbies get scared about it, even if it does not make sense for us that such thing is happening at all.
I dont accept that COVID strain situation would affect crypto valuation. Just check back, we had consecutive ATH of BITCOIN during only Pandemic situation and yes still we are marching forward for its next ATH. There seems to be a usual correction which happens before a great spike and yes this is what I believe and I have seen since 2016. We could see large number of investors have come in to Crypto platform during the COVID period.
It will be something of shame if we really fall for the same excuses we have had. After the first covid 19 commotion, we have received several news of second wave which are many timed forgotten as soon as people hear them and I'm very sure that even this one will be gone too.
What's the essence of making people panic with a virus spread that the same United nations has claimed they provided vaccines for the globe. Different diseases has spread in the past and we all survive the situations.
Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.
Covid has nothing to do with Bitcoin it has proven already in the last couple of months even if the government already told us that there's a new strain of virus coming but that doesn't stop us or Bitcoin to continue to grow. The sudden drop result isn't because of the new strain of virus or something it's just that Bitcoin needed it in order to sustain a long term stable growth. That's why it has to test some support level but that doesn't mean we already meet the bottom, there are still more room for Bitcoin to grow. And next month might be worthy as what the other think would be.
I wonder why Bitcoin price was affected by the news. If zoom went up according to your post, why not Bitcoin which would be more useful in times of crisis/uncertainty.
Feels like an attack on the price coupled with some panic.
People should be aware that promoting Bitcoin correctly also attracts lots of investors and keep others. If you don't, other side could succeed in their war against the price... They are more sophisticated today than before.
Feels like an attack on the price coupled with some panic.
People should be aware that promoting Bitcoin correctly also attracts lots of investors and keep others. If you don't, other side could succeed in their war against the price... They are more sophisticated today than before.
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
I think this was the cause of the crash:
Quote
Didi shares sink on a report that Chinese regulators have asked it to delist from U.S.
GUANGZHOU, China — Shares of China’s Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.
Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBank’s Vision Fund owned more than 20% of Didi following its U.S. listing.
Bloomberg’s report said regulators want Chinese ride-hailing giant Didi to delist from the New York Stock Exchange because of concerns about leakage of sensitive data. The news agency cited people familiar with the matter who asked not to be identified due to the sensitivity of the matter.
https://www.cnbc.com/2021/11/26/chinas-didi-asked-to-delist-from-us-softbank-shares-fall-report.html
GUANGZHOU, China — Shares of China’s Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.
Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBank’s Vision Fund owned more than 20% of Didi following its U.S. listing.
Bloomberg’s report said regulators want Chinese ride-hailing giant Didi to delist from the New York Stock Exchange because of concerns about leakage of sensitive data. The news agency cited people familiar with the matter who asked not to be identified due to the sensitivity of the matter.
https://www.cnbc.com/2021/11/26/chinas-didi-asked-to-delist-from-us-softbank-shares-fall-report.html
There is concern of other chinese conglomerates like Didi choosing to delist from the US in the future.
With the motive being perhaps to insulate china's economy from US inflation and a potential future crash.
I can't claim to be an expert on Didi or what china's motives are for this move. Its a topic well worth investigating IMO for anyone interested in the topic.
There were at least 8 different COVID strains in 2020. Announcement of the delta variant did little to move markets. A new emerging variant suddenly has the power to shake markets?
I hope people look at the Didi delisting as a probable cause behind recent negative market trends. It could well be a better explanation than the omicron variant of which has yet to reveal its full impact.
Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.
Covid has nothing to do with Bitcoin it has proven already in the last couple of months even if the government already told us that there's a new strain of virus coming but that doesn't stop us or Bitcoin to continue to grow. The sudden drop result isn't because of the new strain of virus or something it's just that Bitcoin needed it in order to sustain a long term stable growth. That's why it has to test some support level but that doesn't mean we already meet the bottom, there are still more room for Bitcoin to grow. And next month might be worthy as what the other think would be. 
COVID is temporary
Or the experts are telling us that it's already permanent and we will have those drug pills that will cure it easily soon. I want to believe either but we don't know what's really going on in the next few years but hopefully, just as you've said, it's temporary and there will be instant solution for those that will be contracted with this disease.but crypto is forever XD
Yeah, it's here to stay.Well, for day traders any change can disrupt their trading, but for everybody else that is in this for the long haul, nothing really changes. Crypto will fluctuate, but when you look at the big picture, it's still gradually going up. Even tho, and this is my personal opinion, but this will not affect the overall crypto prices much, or the ongoing projects.
True, the rise every time the crypto market goes on a little correction, the recover is even more than that. 
COVID is temporary, but crypto is forever XD Well, for day traders any change can disrupt their trading, but for everybody else that is in this for the long haul, nothing really changes. Crypto will fluctuate, but when you look at the big picture, it's still gradually going up. Even tho, and this is my personal opinion, but this will not affect the overall crypto prices much, or the ongoing projects.
Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.
That's a lot of bitcoin that they purchased. In this action, we can conclude that Microstrategy is a strong believer of bitcoin. Because if they don't believe its capability, they will not stake large sum of money to btc market. And this is a very good indicator that we will have upcoming good run in crypto market.
And in terms of the new covid strain, I am certain that scientists can easily address this situation. It is not the first time to receive a new covid strain. So I have the trust on them that they can easily find a way how to contain this, maybe by releasing statement on what vaccine is needed or if the previous covid vaccine can manage this new strain. Or better yet, scientists can come up with the new vaccine that may address a lot of covid variants.
Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.
I think for another 3-5 years, the situation with the Covid-19 coronavirus will not be resolved, there will be new mutations, there will be new outbreaks, there will be new lockdowns, which means there will be regular drawdowns of local economies around the world. And all this will lead to the fact that states will be forced to print more money to ensure social obligations in a situation with a shrinking economy. Of course, this will lead to significant inflation, which means that people will look for ways to diversify risks. This means that it will buy gold, possibly the shares of high-tech companies. Regarding high-tech companies, this segment will be strongly influenced by tough problems in the Chinese economy, and the withdrawal of many industries from China to quieter territories ... Let's continue - and one of the means of preserving and possibly increasing savings can be the transfer of part of the fiat income of the cryptocurrency. So in total - it will be bad for a few more years, but such instability only plays into the hands of cryptocurrency ...
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.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 question is how do they show up fast enough? did they really exist or were they just made to have an impact that is as unexpected as it is today.
I'm getting fed up with stuff like this. Every year I have to hear variants that continue to mutate and create panic everywhere which affects the economy which is getting worse and worse.
The reason that crypto skyrockected since the early 2021 was because of the pandemic spread back then and most business were out but in the current situation, business were all getting back to where it was so some people might stop speculating in crypto space and start putting their money back to some 'safer' investment
I partially agree with you here. Many people are transferring their money back to safer options, but they constitute the minority in my opinion. The majority still feel that BTC and other popular cryptocurrencies are reliable payment methods.If that wasn't the case, BTC and other popular cryptocurrencies would have fallen way more in value which clearly didn't happen.
news like these thats why i cant really blame out people on having this kind of reaction whether they do believe it could affect or not and this is where we do act according into our experience whether we do act or just simply ignore.
We've seen different times on where market hadnt really care about these stuffs and just move according to the demand.
The reason that crypto skyrockected since the early 2021 was because of the pandemic spread back then and most business were out but in the current situation, business were all getting back to where it was so some people might stop speculating in crypto space and start putting their money back to some 'safer' investment
I partially agree with you here. Many people are transferring their money back to safer options, but they constitute the minority in my opinion. The majority still feel that BTC and other popular cryptocurrencies are reliable payment methods.If that wasn't the case, BTC and other popular cryptocurrencies would have fallen way more in value which clearly didn't happen.
What the heck are you talking about op? COVID actually helped the cryptocurrency market in more ways than one such as problems related to accessing physical money, renewed interest in digital payment methods etc.
Well in some sense, Paxmao's statement does actually make sense. The current crypto valuation is quite high right now so while some people are still speculating with crypto, some already move their money away from crypto space because of the high marketcap.
The reason that crypto skyrockected since the early 2021 was because of the pandemic spread back then and most business were out but in the current situation, business were all getting back to where it was so some people might stop speculating in crypto space and start putting their money back to some 'safer' investment
Look btc is still around k55k+, and ETH is still k4k+. I would say that's a win. Yeah we had a huge drop because of covid fear and I am not going to say it is a useless fear because we have been living a horrible life for the past 2 years because of covid. I get that, I understand the fear from covid because the reality is that we are not going to live a decent life if it keeps going like this and every new variant scares people. However, financial world?
We are crypto and we should be doing even better if covid continues, I hope it doesn't, I rather have bitcoin at 1k dollar than have covid go on, if it means covid will end today and we all go back to regular life without masks without distance, then I am fine with bitcoin suddenly vanishing, I really don't care. I love bitcoin but this impacts everyone on earth. Which is why I hope that it goes away, yet covid going on fear should not impact bitcoin downwards, it should impact upwards.
We are crypto and we should be doing even better if covid continues, I hope it doesn't, I rather have bitcoin at 1k dollar than have covid go on, if it means covid will end today and we all go back to regular life without masks without distance, then I am fine with bitcoin suddenly vanishing, I really don't care. I love bitcoin but this impacts everyone on earth. Which is why I hope that it goes away, yet covid going on fear should not impact bitcoin downwards, it should impact upwards.
Jump to: