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Topic: New Covid wave vs Bitcoin (Read 1228 times)
I noticed that the Corona virus had a very big role in the decline in the prices of digital currencies, especially when the epidemic spread and spread inside China, where prices decreased by a very large amount and reached the price of 4000 dollars and no one expected the price to reach this amount, but after China recovered from this virus Recovered, and rose again until the price touched 9000 dollars, it is very likely that the currencies will fall again if we see a second wave of the epidemic and I hope this will never happen
It seems that you are implying that the price of bitcoin is dependent mostly from th chinese bitcoin hodlers. Though it's not, bitcoin is scattered all over the world and the price varies depending on the demands of the people with it. I do believe that the COVID crisis does affect the price of bitcoin but it is not just China who has the impact to this price change.
Perhaps, people all over the world needed to cash out their funds in order to support their living especially in the fear of goods running out. Hopefully, there's no food outage, there's some random people hoarding and selling goods and services in a higher price.
In reality the infected will continue to add to the total count, the important thing is to have control over the people who become infected, Saudi Arabia for example has more than 100,000 infections but its rate is controlled at 1%.
The United States, the country with the highest number of infected, has a rate of contagion-deceased of around 5%, which means that to a certain extent they have controlled deaths, but not the rate of contagion.
So bitcoin, despite not consistently exceeding $ 10,000, demonstrated within its same volatility that it is possible not only to continue to maintain the confidence of its users, it also demonstrated that it can be maintained in such critical situations as the pandemic, without drama.
The United States, the country with the highest number of infected, has a rate of contagion-deceased of around 5%, which means that to a certain extent they have controlled deaths, but not the rate of contagion.
So bitcoin, despite not consistently exceeding $ 10,000, demonstrated within its same volatility that it is possible not only to continue to maintain the confidence of its users, it also demonstrated that it can be maintained in such critical situations as the pandemic, without drama.
~snip~
There are still a lot of countries that cannot recover from the virus or didn't really curved the cases. The virus clearly affects the market price of bitcoin in the past months when the virus is just starting to spread.Currently, Bitcoin wasn't affected by the continued spread of the pandemic anymore. Though it has been struggling to break the resistance level, but Bitcoin is still performing good somehow.
many countries have tried to do "new normal" with the aim that the economy can run compared to having to do a "lockdown". however health protocols are more tightened and encouraged so that people can adjust to the "new normal" situation more actively not to ignore the rules that have been made. the main goal is to prevent the economy from stopping altogether, resulting in a lot of new unemployment and the government must spend a significant amount of funds to help the poor so that they are not affected most importantly because there could be a famine outbreak.
directly certainly not so visible the impact of covid on bitcoin and other altcoin transactions, the most disturbed are only new projects that must be stopped because investors are hesitant to invest in the new project with the state still covid. hopefully by starting to recover some economic activities, it will stimulate people to invest in bitcoin which is expected to continue rising.
directly certainly not so visible the impact of covid on bitcoin and other altcoin transactions, the most disturbed are only new projects that must be stopped because investors are hesitant to invest in the new project with the state still covid. hopefully by starting to recover some economic activities, it will stimulate people to invest in bitcoin which is expected to continue rising.
So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
There are still a lot of countries that cannot recover from the virus or didn't really curved the cases. The virus clearly affects the market price of bitcoin in the past months when the virus is just starting to spread.Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
I'm guessing there are a lot of countries that are already going back to its normal thing even the virus is still not killed, because they are worried their economy that is going to be a problem to the country, Maybe this is what affects the market price to recover at this moment but for sure we could expect as the COVID-19 continue.
Maybe the price will fall or maybe not, but if it does fall, I think the question should be what will happen next?’ is it going to get back up? That’s an important question to ask and I’m very sure the answer to that question would be a yes. So, if I’m saying the truth, then there is really nothing to be scared about since the price will still go back up after all. In my opinion bitcoin markets has already defeated the covid19 pandemic.
I am not saying bitcoin will keep rising here after but I mean the consequences of pandemic may not impact on bitcoin markets any more but the slow economics may do anything. Usually slow economics will boost bitcoin prices hence I am seeing there would be no meaning if we keep continuing our concerns on covid and its related slow economic situations.
I am not saying bitcoin will keep rising here after but I mean the consequences of pandemic may not impact on bitcoin markets any more but the slow economics may do anything. Usually slow economics will boost bitcoin prices hence I am seeing there would be no meaning if we keep continuing our concerns on covid and its related slow economic situations.
I think corona effect for crypto was temporary.People paniked and dumped their coin.But after somedays Bitcoin and other coins was bounced back to its normal place.
Nowadays people are in home.So i think they will use more time now on crypto trading and so on.So i am sure there will be no dump.But if corona survive longer than we thought then people can use their Bitcoin into fiat money and use it for daily use.Btw Bitcoin is the king and will be the king -my wish
Nowadays people are in home.So i think they will use more time now on crypto trading and so on.So i am sure there will be no dump.But if corona survive longer than we thought then people can use their Bitcoin into fiat money and use it for daily use.Btw Bitcoin is the king and will be the king -my wish
Nobody should complain of manipulation because no one can manipulate the entire crypto market..
Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings?Manipulation would mean what some exchanges do. They would quote you a price but would trigger it at a different price higher than your buy or lower than your sell. Now, that's manipulation and not business.
That's for exchange site aspect. 
I noticed that the Corona virus had a very big role in the decline in the prices of digital currencies, especially when the epidemic spread and spread inside China, where prices decreased by a very large amount and reached the price of 4000 dollars and no one expected the price to reach this amount, but after China recovered from this virus Recovered, and rose again until the price touched 9000 dollars, it is very likely that the currencies will fall again if we see a second wave of the epidemic and I hope this will never happen
The Pandemic caused a number of central banks to make Quantitative Easing, many predict this could be going to accelerate Fiat Money Inflation in the future.
Bitcoin does the opposite, tightening its quantitative, many investors are buying Bitcoin to fight future inflation.
Moreover, Bitcoin has proven to be one of the best performing asset classes this year.
It also encourages people to look back at the superiority of Bitcoin compared to other assets, such as gold.
So I believed, the new Coronavirus wave will not negatively affect the price of Bitcoin
Bitcoin does the opposite, tightening its quantitative, many investors are buying Bitcoin to fight future inflation.
Moreover, Bitcoin has proven to be one of the best performing asset classes this year.
It also encourages people to look back at the superiority of Bitcoin compared to other assets, such as gold.
So I believed, the new Coronavirus wave will not negatively affect the price of Bitcoin
The results will depend on most countries that are more involve in Cryptocurrencies because they will be the primary users that will either cause the fluctuation on its value. We know that Bitcoin is very volatile and it is not directly being affected the Corona Virus or COVID-19. We know that the value of Bitcoin will eventually fluctuate at different points in time and we just need to observe it. Even if the Corona Virus affects Bitcoin, then we would surely see a big effect on it.
Nobody should complain of manipulation because no one can manipulate the entire crypto market..
Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings?The first wave was before the May halving of Bitcoin and the drop wasn't out of place at the time because of the uncertainty occasioned by the pandemic. But now with halving and reward cut into a half, I don't see price crashing. There can be price correction but not a crash.
I believe the market is in manipulation stage not correction since the market dont experienced simultaneous surge in price which may lead to market corrections.
Nobody should complain of manipulation because no one can manipulate the entire crypto market..
Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings? Those who have that mindset are the weak hands who get scared when others sell off.
Not every one that sold are weak hand mate. 
I think pandemic was not the only reason of price drop as many speculated that bitcoin's price will rise in the weeks before and after the Bitcoin halving. As we know that this will reduce the supply of new coins entering circulation, however any price rise will depend on the demand of bitcoin. There was no pandemic in 2018 when the price of 1BTC was plunged to $3200-4000. Yes you can say pandemic can be one the reason of price fall as economy of the whole world crashed but it is not the only reason.
Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.
We all feel the difficulties caused by this pandemic. The economy is slow, habits are changing, activities are restricted, and so on. New normal has been established, with strict health protocols to reduce the risk of infection, but the pandemic is continuing and the next wave is beginning to be seen. This is really a difficulty, if economic activities and other production activities are not carried out, then the economy will really be stopped, many companies are complaining and doing activities as they should maintain their business. 
So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
Possible but we cant really directly say that this would be the reason but if this would continue and it do cause up for the economy to crash then expect
that people will pull out their investment neither it would be on the traditional one or in crypto.
Second wave is indeed happening now on some countries but hopefully that this wont really result into more decline in talks of economic matters.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
What are your thoughts?
I'm not a negative thinker, but this pandemic really affect a lot of factors in the market. As we are experiencing lows right now, all of are suffering and most of the governments are really having a hard time to recover from this downfall. We are not still in a process of recovery but the next wave of Covid-19 is approaching, probably that cause a new panic in most of the investors.
Recession is what other countries are experiencing because of the lockdown. Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.
It's not about negativity its about being realistic and we see the effect now and due to lock downs we suffer to much especially on financial matters since majority of job are been closed until further notice while this disease still exist. Economic recovery will takes time to improve but it's better than nothing and the one I hope by now is this disease will end up so that we can see a great action with bitcoins.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
What are your thoughts?
I'm not a negative thinker, but this pandemic really affect a lot of factors in the market. As we are experiencing lows right now, all of are suffering and most of the governments are really having a hard time to recover from this downfall. We are not still in a process of recovery but the next wave of Covid-19 is approaching, probably that cause a new panic in most of the investors.
Recession is what other countries are experiencing because of the lockdown. Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.
So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
I pray that there will be no second wave of Corona virus because it not just affecting our economy too much but also to everyone that life's getting worst everyday.
If people continue to panic selling because of this pandemic it will make bitcoins value down.Another reason is that people will be forced to sell because of their daily essential needs just to survive to this current situation. But it's just temporary and for other reason why bitcoin market sometimes going down drastically ,nobody knows. All i know is that Bitcoin will remain a strongest digital currency despite of Covid19.
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