Topic: New Covid wave vs Bitcoin - page 5. (Read 1228 times)
I think the crazy change in the price when covid come was because of the crazy move on the oil... The crazy crash in the Oil brings madness to the markets, that was the reason behind the crazy bump and dump on BTC and not covid.
Corona virus waves like this will end. We are now in a new normal, which has been applied in many countries, so that the big wave before that will not happen again, to affect the economy, obviously this is bad, but all will recover if the new normal will run better than before.
I will not think negatively about the price of bitcoin even though I don't know the reason but I am sure the position of bitcoin will be better than now and it seems that the crypto market has started to survive at $ 9.7k which means one step we will go towards the expected rally.
I will not think negatively about the price of bitcoin even though I don't know the reason but I am sure the position of bitcoin will be better than now and it seems that the crypto market has started to survive at $ 9.7k which means one step we will go towards the expected rally.
Unfortunately the numbers of infected keep rising everyday and we are now at total 7 million infected and 400k+ deaths so provably the numbers will increase since other countries lift out their lock downs and let their citizens comeback to their workplace, So if this continue for sure we will suffer for more crisis.
So maybe if countries will go back to lockdown for sure the investors will hold again their money for security.
Those countries that managed to flatten the curve as impressive. And special mention to NZ that totally eradicated covid19 into their country, this puts hope for most countries that it's possible to lessen and make it completely gone.
As for the connection during the plunged on March as it seemed to be related to the pandemic. But, I don't think that there's basis on it. We thought that the market will eventually drop because of the pandemic for the next months but it didn't.
What probably happened on March was due to halving speculations.
As for the connection during the plunged on March as it seemed to be related to the pandemic. But, I don't think that there's basis on it. We thought that the market will eventually drop because of the pandemic for the next months but it didn't.
What probably happened on March was due to halving speculations.
Corona virus waves like this will end. We are now in a new normal, which has been applied in many countries, so that the big wave before that will not happen again, to affect the economy, obviously this is bad, but all will recover if the new normal will run better than before.
I will not think negatively about the price of bitcoin even though I don't know the reason but I am sure the position of bitcoin will be better than now and it seems that the crypto market has started to survive at $ 9.7k which means one step we will go towards the expected rally.
I will not think negatively about the price of bitcoin even though I don't know the reason but I am sure the position of bitcoin will be better than now and it seems that the crypto market has started to survive at $ 9.7k which means one step we will go towards the expected rally.
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.
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.
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?
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