Some people feel sick already from the first wave and governments actions across the world. With new imaginary wave people will finally see what governments are doing, and maybe it's the end time for this world to wake up!
New wave will push even more people towards crypto, I don't worry about us here, in many ways crypto is world for itself, outside current global economy, but I am afraid for ordinary people who have a lot of problems due these lockdowns.
New wave has nothing with bitcoin and it's stupid to say something like new wave against btc. Anyway just to remind all of you that bitcoin made a success without any help, we don't need some corona or anything similar to help bitcoin grow, it will grow anyway, with help of all the people, all of us!
Topic: New Covid wave vs Bitcoin - page 3. (Read 1228 times)
I think it is not the virus itself but the effect of it as a pandemic wherein countries decides to close indistries.
No people means no demand. People will tend to be sensitive financially.
Though I do not think that bitcoins are not directly affected , somehow seek for financial stability of people affects it. Either people hold or sell depending on their needs.
No people means no demand. People will tend to be sensitive financially.
Though I do not think that bitcoins are not directly affected , somehow seek for financial stability of people affects it. Either people hold or sell depending on their needs.
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?
The first time when pandemic struck, people didn't knew about about it and more panic was created. This time around if another Covid wave comes, people are already aware of it and I do not expect any unusual movement in bitcoin prices.
Recently, bitcoin has a slight downfall to 8k$ mark and it's nothing new since we already knew that it has the ability to go back to 9k$ or even the 10k$ mark.
We've seen that many times so it's possible, however the problem is bitcoin is not stable, it could fall anytime even if it's already sitting at a good price now. I would not think of the covid effect as we've seen how the market react to it and it was positive so far. Now, there's nothing to worry about it and just have faith in bitcoin that it'll give us new ATH this 2020. Let's have a positive mindset on this pandemic, we already lose a lot and don't deserve to lose more. And yeah, COVID-19 is still a factor but it does not greatly affect the crypto market right now.
I always think of a ATH but I always convince myself at the same time that I should be ready to see the opposite.. I just matured so I can't easily be fooled if there's panic or FOMO that is going to happen.
It won't affect the crypto market because as far as I know, it's already proven in such threads that are posted here that COVID-19 isn't the reason why BTC has a downfall.
Exactly, fear and panic were the cause of the drop in the market value of Bitcoin but you should also agree that, the pandemic contributed or was the main cause of this fear in the first place. A lot of people thought they were gonna die considering the rate at which the numbers were increasing.
I hope that at this moment, people don't panic because bitcoin price is down too far, and bitcoin needs to struggle to increase to the higher price. This pandemic makes people suffer because many of them lost their jobs, and they need money to buy their daily needs. But people do not give up, and they still trying to survive even we know that the pandemic does not already end.
Recently, bitcoin has a slight downfall to 8k$ mark and it's nothing new since we already knew that it has the ability to go back to 9k$ or even the 10k$ mark. Now, there's nothing to worry about it and just have faith in bitcoin that it'll give us new ATH this 2020. Let's have a positive mindset on this pandemic, we already lose a lot and don't deserve to lose more. And yeah, COVID-19 is still a factor but it does not greatly affect the crypto market right now.
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.
Exactly, fear and panic were the cause of the drop in the market value of Bitcoin but you should also agree that, the pandemic contributed or was the main cause of this fear in the first place. A lot of people thought they were gonna die considering the rate at which the numbers were increasing.
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 same thing repeating itself? Lol that’s something that we cannot tell. It’s just like it happened the first time, none of us was able to predict that the price will be falling when the pandemic started. Some people here even said that the pandemic would be good for Bitcoin and they started to make some crazy predictions and how BTC will reach $1 million, but at the end BTC still dropped to a low of $3,800.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?
So, we are not sure about this second wave of Coronavirus. If it gets down, there are still lots of chances for further slow progress of economy everywhere which cannot be good for anyone but I am sure when stocks are not doing good, gold will perform well then why not bitcoins. The current pandemic will definitely get positive impact for bitcoin ecosystem by bring more investors into board.
Bitcoin prices will rise The impact of the virus on Bitcoin The virus is hurting the world economy but the price of Bitcoin is rising. Almost moved to Halving by the end of this year with a lot of potentials Bitcoin is back to normal we just have to wait until the price goes up Unemployment problem can be easily eliminated by investing in Bitcoin.
What a very positive mindset. 
Well that would be possible if and only if the professionals found the cure for the virus before this year ends but as long as the professionals are still looking for the cure I think the bitcoin price mark up wouldn't be possible because those who affected and infected by the virus is still suffering from financial crisis and cannot be participated yet on crypto world's agendas like money investments. 
Actually, it's not the virus that caused the drop-down of the value of bitcoin, it's the people who pull their assets because of being afraid that they get hungry soon because they will be going jobless because of the virus and if you observe the graph of the market, the value of the bitcoin still goes high even though the virus is still there. It goes down up to $3900 but recovered again up to $6000 and coming back up to $10000 with virus existing.
We are now getting into normal so do not be scared of what would happen on the bitcoin, still hoping that bitcoin can still goes up for about $13000 again just like February.
We are now getting into normal so do not be scared of what would happen on the bitcoin, still hoping that bitcoin can still goes up for about $13000 again just like February.
As long as there is this Covid19 and until there has no vaccine to cure it, people will always be scared and panic. I see this as one of the reasons why we see price drop on March. People are afraid to lose their assets because if this pandemic and the thought of being locked without food supplies and other necessities also contribute to the reasons why most of them sold their bitcoins. But, as we can see that it didn't take that long for the price drop, and beside, it has always been the nature of bitcoin to go up and down since from the beginning. I don't think that it will affect the same way as before. People are trying to get things back the way it used to be. And one of that is to start investing.
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?
The price of Bitcoin has been moving up and down on the crypto market since it has been in existence. And considering the rate at which the price dropped in this pandemic and previous drops, Coronavirus didn't really affect Bitcoin considering the differences. Personally, I don't really think Bitcoin will be really affected. There has been a worst drop in the market value of Bitcoin compared to what has happened in the past few months since Coronavirus invaded the entire world.
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 market was getting gloomy when the virus started to snatch the attention of the world. Right now, the virus is not a big news anywhere and people have already started to shift their attention most especially on how to get back on their feet so we are expecting more economic activities and the rise again of that hopeful feeling or sentiment. In case there can be another wave of Covid10 infections, I don't see that affecting BTC. What is happening right now in BTC is more of the market dynamics of its ups and downs.
In most countries the wave is expected to hit in Autumn if ever. It may not come at all but if it does it will be in those colder months right when flu usually hits.
We had the first wave in Winter and Spring and the second one should be in Autumn and Winter because the virus can't survive in hit climate. For this reason there are barely any cases in Africa.
The effect on BTC will depend on the stock market's reaction.
We had the first wave in Winter and Spring and the second one should be in Autumn and Winter because the virus can't survive in hit climate. For this reason there are barely any cases in Africa.
The effect on BTC will depend on the stock market's reaction.
That pandemic is something to flatten soon and that it certainly won't affect the crypto market anymore. The dumps that we have experienced today and even in the past days doesn't correlate to the said virus, it is probably because the people are quite in FOMO.
It definitely we can't go far and see Bitcoin's price soaring high and to have ATH just like 2017 if we get always into FOMO. The market will be more vulnerable to abrupt changes if we all think the same and easily get affected by FUDs.
It definitely we can't go far and see Bitcoin's price soaring high and to have ATH just like 2017 if we get always into FOMO. The market will be more vulnerable to abrupt changes if we all think the same and easily get affected by FUDs.
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?
Yes, but you can also expect that bitcoin will recover.
This year is going to be bad for the economy, it's expected as the vaccine is not going to be one this year, so it's the chance for crypto to shine, and if there is a new wave of virus that is going to cause panic again, I think it will make the economy to suffer more that will result to bitcoin being appreciated.
if BTC will dump at least that's a short term temporary dump only, and make sure you accumulate if that happens.
Will the same thing happen again, can we expect the new lows?
No, I think not because many country is more aware than on last 2-3 months ago. The price is have major dump because of heavy fear ( crash on economy, negative oil price, stock crash etc) and make many investors do panic sell. Probably covid-19 will spread more and affecting more people... but It doesn't happen on Bitcoin. More over, holders will always hold since they're expecting bullish due to halving. Bitcoin will always continued volatility without affect from covid-19. Most of the countries are already aware about how life threatening Covid or not. There are actually a lot of people believed that this virus ain't that deadly. So, I guess it wasn't the virus that's affecting the global economy and the traditional market, but it's the fear.
Bitcoin price cannot be directly affected by this fear. If you guys can still remember during the spread of the pandemic late in February, everything fell, including Bitcoin because everyone was panicking, but the moment people would realize that Bitcoin fell to almost $3,000 level, people are rushing to buy back in as this will be a good opportunity since the halving was approaching.
Now, this 2nd wave or 3rd wave and whatsoever they call the re-spreading of the pandemic will never going to affect Bitcoin entirely like what happened in March.
This virus is far less deadly than the past plague, modern people are just over hyping the situation.
It seems that BTC price is also under heavy influence of the money movements that hit stock markets... it is natural I guess as the fear and uncertainty of an investor will pass to all its investments, including BTC...
Or we can see it in another angle, as the whales might be taking advantage of this to grab all the BTC they can at low prices before they pump it... and in this case it would be a matter of the amount of BTC still available to sell ...
It will be interesting to see what happens...
Or we can see it in another angle, as the whales might be taking advantage of this to grab all the BTC they can at low prices before they pump it... and in this case it would be a matter of the amount of BTC still available to sell ...
It will be interesting to see what happens...
Concerning what CEO of Bitmex said just a few weeks ago that it is possible for Bitcoin price to fall into 3800 once again. I believe after second wave of crisis we can see another price dump in near feature. However, in the other hand since bitcoin passed the third halving just a few days ago I think we can see a downtrend soon. After this downtrend price should show us another HH record maybe above 20K usd.
That is impossible for me now, as I've already seen the resistance of a price around $4000 I don't see bitcoin price coming that low beyond $4K even we have a second wave of covid-19 coming in the future. Initially we'll see a market slump when that happens but for it to be in $3800, that's a no no in my opinion. And I think we are near to discover the vaccine for the pandemic, there's a lot of studies that is happening around the world done by the most known scientists and doctors. Who wishes for the 2nd wave huh 
the possibility of a second wave could have happened, because some countries have started to open "lockdown" now only carry out "Physical Distancing" only. if a protocol violation occurs, it is certain that a pandemic will continue because there has not yet been found any drugs and vaccines, although there is new news with the method of blood plasma from the former pandemic to be used as immunization for those who are severely affected.
but I agree there is no impact that is too feared with bitcoin because at the moment bitcoin is still safely positioned at $ 8K- $ 9K, and there will not be a drastic decline, but will continue to increase in the coming year.
Concerning what CEO of Bitmex said just a few weeks ago that it is possible for Bitcoin price to fall into 3800 once again. I believe after second wave of crisis we can see another price dump in near feature. However, in the other hand since bitcoin passed the third halving just a few days ago I think we can see a downtrend soon. After this downtrend price should show us another HH record maybe above 20K usd.
That is impossible for me now, as I've already seen the resistance of a price around $4000 I don't see bitcoin price coming that low beyond $4K even we have a second wave of covid-19 coming in the future. Initially we'll see a market slump when that happens but for it to be in $3800, that's a no no in my opinion. And I think we are near to discover the vaccine for the pandemic, there's a lot of studies that is happening around the world done by the most known scientists and doctors. Who wishes for the 2nd wave huh
Until there's no such thing as vaccine the number of covid cases will increase each day but for Bitcoin the chart for the next possible price is kind of altered due to the panic and people dying. I don't know what would be the closest possible price for Bitcoin in the future and I think the highest ATH that I've ever expected might not come to light. Everything will be expected to happen next year and scientists might be releasing the vaccine worldwide plus the bull market is going to happen too. I don't want to get my hopes high but I can't stop thinking that way and that is making me more excited. 
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?
This really seems like conjecture at this point. I've not seen any sound scientific proof this is going to happen. If it does happen, imo, believe we would see bitcoin fall some. I think it would be part of a chain reaction as would surely see the stock markets crash and then as it seems to be the tide that brings all boats down, we see other things pull back such as bitcoin.
This second wave of corona virus will really increase the damage that it can give to us, that's why we need to become more prepared so that we can lessen the struggle within ourselves. I expect that the same thing will happen again because we are not still in the progressive state, we are still suffering.
We are not yet in the process of recovery as the infected and positive cases are still increasing, it is not that easy to handle our money because of the expenses that we need to pay and those necessary things that we need to survive this pandemic.
Expect new lows that are more intense than the first one, as we're not economically recovered yet, it can worsen the price of bitcoin in the market.
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