New Covid wave vs Bitcoin - page 2. | Bitcointalksearch.org

rodskee

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Quote from: Negotiation on June 20, 2020, 02:11:47 AM

In fact, the Bitcoin market is not stable so it is very difficult to set the price No one can pinpoint the exact price but I don't think the new COVID wave will have any effect on Bitcoin Whatever the downside of COVID 19 the price of bitcoin is unlikely to go down.

There's no certainty whether the next wave of this virus will reflect to bitcoin value as everything still depends from how people
who supported bitcoin will move.
As long as support to hold are their, bitcoin will not fall that much, possible to go down but hopefully not that huge.

Quote from: Negotiation on June 20, 2020, 02:11:47 AM

Bitcoin has surpassed about 9k This is a very good time to make a profit by investing in Bitcoin Bitcoin prices are rising because of the virus This is why the new COVID wave will not be able to break Bitcoin.

It's been noticed that even there's pandemic virus bitcoin value still moving and still holding it's ground, investors who keeps on buying
and holding have the big chance to maximized the profits.

Shasha80

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The bad news is that in some countries the percentage of covid-19 has decreased, again there is a new covid-19 wave. This happened because
of activity in reopening, for example the country of China found again that there was a corona virus re-infection. Therefore it is necessary to
apply strict health protocols. Then for bitcoin there will be no new low , because as happened when the covid-19 outbreak that time there was
a decline in the price of bitcoin because of panic, not a direct result of covid-19. Now the price of bitcoin is getting stable at $ 9300- $ 9500,
there may be a correction but there won't be a dump. So don't worried for bitcoin holders to be sure bitcoin can continue to rise in a pandemic
situation like now.

Harriti

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Quote from: Qcrypto on June 10, 2020, 06:10:19 AM

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?

That will happen again. Notice that around this time, the price of bitcoin is following the Dow 30. when those 30 companies all went down, so did bitcoin and when the 19-year-old covid broke out again, we would see a strong sell-off of the whales. so be careful, although bitcoin halving has already taken place, but when demand for bitcoin decreases, it cannot increase prices. We should keep holding the fiat money to wait for better opportunity.

Negotiation

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In fact, the Bitcoin market is not stable so it is very difficult to set the price No one can pinpoint the exact price but I don't think the new COVID wave will have any effect on Bitcoin Whatever the downside of COVID 19 the price of bitcoin is unlikely to go down. Bitcoin has surpassed about 9k This is a very good time to make a profit by investing in Bitcoin Bitcoin prices are rising because of the virus This is why the new COVID wave will not be able to break Bitcoin.

verita1

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I do not think the price of Bitcoin will drop. I have a feeling that it will stay between 9K and approaching 10K. It has held its resistance at that level for a month. Although I wish it would increase its price but everything is unpredictable.

A few days ago I thought that the price of Bitcoin has not exceeded 10K because we already have a diversified community, it is no longer just bitcoin, there are altcoins and stablecoins contributing to the ecosystem and they are fighting to gain their ground and their profitability.

Mpamaegbu

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Quote from: posi on June 19, 2020, 04:36:19 PM

Quote from: ?? on ??

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.

What do you guys really mean by "Market is being manipulated"? I don't get it. So, someone can't sell their staunch without someone else complaining of manipulation? I always have a good laugh whenever I read such. Come on, if it's their holdings, they're free to do whatever pleases them with it. Nobody should complain of manipulation because no one can manipulate the entire crypto market.. Those who have that mindset are the weak hands who get scared when others sell off.

gamer4156

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The corona virus did not have much effect on bitcoin. Hopefully it won't have an impact in the future. I hope Bitcoin will continue at its own pace. The corona virus initially caused panic around the world, but now it has spread to many countries. New Asian countries are being hit harder but I hope it will not affect bitcoin.
While the Corona virus has had an impact on the world economy, it has not yet had an impact on Bitcoin. Hopefully Bitcoin will remain in its normal position.

posi

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Quote from: ?? on ??

Quote from: Qcrypto on June 10, 2020, 06:10:19 AM

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?

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.

Quote from: ?? on ??

Nobody will want to sell their Bitcoin cheap because buying back may likely not occur for them. The way looks bright for Bitcoin regardless of the global financial illness.

The future look bright for Bitcoin market but with the current pandemic, there's a chance for some people to sell their bitcoin if they were among those bought when the price of bitcoin is at $9000 and also in need of urgent fund.

stiffbud

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Quote from: Qcrypto on June 10, 2020, 06:10:19 AM

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?

The charting tools were already indicating a market shift that could go either way, up or down and now the second wave of COVID will definitely make its mark on bitcoin and the price is definitely going to fall again. If the price falls then it could trigger a bear market and then we can atleast target $6k for sure, it can go even lower than that if the situation turns out worse. I already have sold plenty of my holdings at $9500 and would like to see the price go down so as to purchase bitcoins at a cheaper price. This time the fall will be just like the one that we saw last time in March.

pawanjain

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Nothing lasts forever

I don't really think that the same behaviour would be seen this time since there was too much FUD created the previous time.
Although the pandemic is not yet over, the crypto market is quite stable now and has recovered quite well.
If the Covid wave again hits around, we might see a little correction but it won't create a huge dump like the last time.

Assface16678

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The virus totally does not affect the bitcoin just many people would like to support the use of the bitcoin because this is the safe heaven of the market investment because of the increase of the number of the market price of it. By the time goes by the bitcoin does not relate to the price of USD because they are different on currency. Some of the people secured their money on making an investment on it.

Still even on covid we need to be aware about the market price of the bitcoin because this is volatile and some of he country are still cannot make a fully recovery and still support their financial to increase the GDP so the chance on it is supporting the fiat currency and trading on the stocks to bring back the wealth of their places.

CarnagexD

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Quote from: The Cryptovator on June 10, 2020, 09:05:48 AM

To be honest, last dump of bitcoin was happened due to panic. Huge panic was spreaded over world population and total global financial economy was collapsed. In a result we had encountered a huge impact on bitcoin for small time. But lately most of country removing lockdown with some conditions and life becoming normal very slowly and that's would be one reason why bitcoin not responding on current situation although probably there is another wave of covid-19. But it right that this waves around couple of country, and most of countries curing from it. So I am not expecting huge negative responses on bitcoin for current covid-19.

As there are countries who are really recovering from economic crisis right now after they overcome this pandemic. Probably, they are now on the next step where they will open business to recover all of the damages that this virus gave to us, including the dump in bitcoin's price.

This pandemic really make us undergo recession and economic activities are not moving, that's why the economy doesn't have any progress regarding its situation.

The economy of a certain country went down due to this lockdown that we are experiencing and many citizens are really affected especially those people with business that are unable to operate due to the risk of the virus. But hopefully, some countries are able to stand up again and recover economically.

Twinkledoe

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Quote from: GDragon on June 19, 2020, 07:27:07 AM

Quote from: mk4 on June 10, 2020, 06:26:40 AM

As far as I know, it wasn't the virus itself that caused the drop in price(obviously), but the heavy fear that a lot of people had of the virus. The way I see it, the fear has died down significantly already even though the virus is still a heavy threat, and a lot of people have been fearlessly going out(take a look at the recent riots) already. Without masks and stuff.

But who knows, really. The virus could've been 100% eliminated tomorrow and the price could still potentially fall for some reason.

tldr; no one knows.

This is my speculation too, I am one of those who's scared about the price but luckily I don't have anything to hold that time cause I already sell it before it went down. The fear is really the one that makes the price go down that low. It was proven as the price slowly get back up earlier compared to other investments. Its different this time too, we are already slowly being familiarized with the virus. Some country flatten the curve too. And the halving last may. It may or may not have effect in the future too. Hopefully, the good one. So if the virus hits back again, the level of uncertainty will not hit that hard again.

Don't forget those small time holders that sold their btc holdings to augment their needs during this pandemic. Not many people have good amount of savings so there were crypto users that sold some of their stash to be used for their daily needs. Aside from the fear that most were dreading about the fall of btc price. But I think, even this second wave comes, people are not that scared as the first one.

GDragon

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Quote from: mk4 on June 10, 2020, 06:26:40 AM

As far as I know, it wasn't the virus itself that caused the drop in price(obviously), but the heavy fear that a lot of people had of the virus. The way I see it, the fear has died down significantly already even though the virus is still a heavy threat, and a lot of people have been fearlessly going out(take a look at the recent riots) already. Without masks and stuff.

But who knows, really. The virus could've been 100% eliminated tomorrow and the price could still potentially fall for some reason.

tldr; no one knows.

This is my speculation too, I am one of those who's scared about the price but luckily I don't have anything to hold that time cause I already sell it before it went down. The fear is really the one that makes the price go down that low. It was proven as the price slowly get back up earlier compared to other investments. Its different this time too, we are already slowly being familiarized with the virus. Some country flatten the curve too. And the halving last may. It may or may not have effect in the future too. Hopefully, the good one. So if the virus hits back again, the level of uncertainty will not hit that hard again.

DarkDays

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I don't think we'd see the same knee jerk reaction we saw when the virus first got declared as a pandemic.

The numbers weren't even anywhere near at their peak at the time the World Health Organization made its announcement, and yet the stock market and everything else was sent crashing.

Therefore, it's really not about the numbers. The coronavirus is still a pandemic (as far as I know), and the numbers will likely stay lower than the first peak (by which point Bitcoin and most other assets were already well on their way to recovery).

If the WHO goes and say it's even worse than a pandemic, then expect another drop.

plvbob0070

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If it's really the reason why the price dropped, I don't think it will happen again. What happened during the first wave we are probably just because people are afraid and surprised by the unexpected virus. Almost all markets are affected because we did not expect that this virus can be a threat to everyone. But since people are now trying to slowly adjust and adapt to the new normal, I don't think it will have the same response or effect if the second wave will occur. In my country, we're not even done with the first wave because we were not able to flatten the curve, it just keeps on increasing.

We should really expect that the number of cases will increase since, after months of lockdown, we need to reopen businesses to save the economy and there will be more possibility of spreading the virus.

GreatArkansas

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Quote from: ?? on ??

I don't think that Covid19 was the main reason why Bitcoin fell down that time. I think it is just one of the factors. Truly, Covid19 made people panicked about the situation that's why people tend to hoard their Bitcoin and avoided spending it. But then that's just one of the small factors.

For sure it was Covid-19. And take note, not only Bitcoin was dumped before when pandemic COVID - 19 started to spread in other countries.
A lot of stocks are also dumped before together with Bitcoin. The only on Bitcoin is for how many hours/days Bitcoin was able to bounce back and look where we are now. Price now is good to me, and I am not expecting anymore a huge dump just like before (COVID 19 first outbreak).

bitcoinst

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I would not count on it.

During quarantine, bitcoin did not show any movement that was strong and independent of classical markets.
When stock markets fell, bitcoin followed after them, when they recovered, bitcoin also recovered.

Bitcoin is still too young to act completely independently of global markets.
However, a certain correlation is visible, when the global economy grows, bitcoin grows with it, which means that the next quarantine is not profitable for us.

davis196

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Quote from: Qcrypto on June 10, 2020, 06:10:19 AM

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?

Back in March,the coronavirus was something new and shocking.3 months later,the national healthcare systems and the World Health Organization have more info about COVID-19 and know what to do,in order to stop the virus.The second wave of COVID-19 is pretty normal.After all,the lockdowns are over and the people are on the streets.We just have to learn to live with the surrounding threat of this virus.I believe that COVID-19 isn't as deadly and dangerous as it was described back in March-April.The virus mutated and it's less dangerous now.
The Bitcoin price won't have a nosedive crash during the so called "second wave" of COVID-19.
I expect a slow bearish trend in the crypto markets during the summer,due to the slow recovery of the global economy.

Leviathan.007

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I remember just a few days ago I wrote about this second wave of Covid-19. You must consider everything, we all know after the start of second wave of lock-down stocks, oil, will fall. But in the other hand we learned a lesson from the first wave that metals like gold and silver are usually the safe haven in this situation. Also, since people are trusting the crypto currencies and the crypto is much more safe to sure during the crisis (because it's fully digital) I'll believe the bitcoin's price won't dump this time.

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