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Topic: New Covid wave vs Bitcoin (Read 1256 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.
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 peoplewho 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.
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.
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.
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.
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. 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?
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.
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.
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.
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.
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.
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.
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. 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 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 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.
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. 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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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?
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.
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.
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!
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!
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.
In my opinion there is the next wave of corona virus, but it will not have an impact on the price of bitcoin. Because people are used to it
coexist with the corona virus, so the next wave will not make people panic. Now I see the news, almost all of it countries can adapt to
the corona virus. If we pay attention to the movements of bitcoin these past few weeks the price of bitcoin tends to continue to rise,
bitcoin prices are now at $ 9800. Hopefully it can reach the price of $ 10k in the near future.
coexist with the corona virus, so the next wave will not make people panic. Now I see the news, almost all of it countries can adapt to
the corona virus. If we pay attention to the movements of bitcoin these past few weeks the price of bitcoin tends to continue to rise,
bitcoin prices are now at $ 9800. Hopefully it can reach the price of $ 10k in the near future.
I don't think we should think about his next wave.
Some medical experts say that the next wave are not the same as the first one. It is weaker but still, they are advising the people to still take this seriously since it is still a risk for people to actually get the virus. Also, I don't think it would affect the price of Bitcoin or Bitcoin itself by this new wave. I don't think that even in the past dump, the pandemic is the main reason.
Some medical experts say that the next wave are not the same as the first one. It is weaker but still, they are advising the people to still take this seriously since it is still a risk for people to actually get the virus. Also, I don't think it would affect the price of Bitcoin or Bitcoin itself by this new wave. I don't think that even in the past dump, the pandemic is the main reason.
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?
Plunging hard? It didnt really that connect to covid situation and as mentioned by others above, this do only matter with peoples emotion towards the situation thats why the price
gone down but doesnt mean that its the main factor because we know that there are several factors that do affect market movements which we dont see it obviously.
Another wave? Probably because in the case in the country where i do live, they do lift out that quarantine and now the situation becomes even more worst.
I dont really seeing that much for covid pandemic to be the main issue that would affect much crypto space but if we do presume if we do experience economic
recession or problems then people will mostly cash out their investments including that they had invested on crypto market.
The Corona virus is now part of our lives and also part of our economy. People have already adjusted to the changes that are needed to operate in a world with a virus threatening their employees and their families.
The main situation here is that, you cannot lock the economy for three months and if you still cannot do anything about the virus then you are forced to live with it as you cannot do anything about it and the politicians will be forced to comply and accept their mistakes for closing the entire industry for a extended period.The quarantine restrictions and the global banning of whole industries have given the global economy a kick in the butt... now the Health care industry had a opportunity to gear up for a new breakout of the virus, so there are no need for more restrictions that would close businesses for long periods.
Let's hope everything is prepared and that less people will die in the next coming months.
We can only hope that less people will die in the coming months and since the entire economic is opening you are bound to see more patients and hopefully the next wave would not be that bad. Let's hope everything is prepared and that less people will die in the next coming months.
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?
To expect another bearish trend always has chances but I will not directly lead it to the pandemic virus as a reason.
And unlike before that every country is not ready for the pandemic, expect that this time, they can now manage to handle it and their experience during the hard days will be their foundation.
I'm not totally worried about bitcoin. I'm more worried about the virus second wave and hopefully not that worst compare to first. We don't want to back again in that scenario.
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When the coronavirus first time hits, in a sudden the price of BTC went down a lot. because there was a sudden epidemic, none of us were ready, the cities were locked down and Many people become unemployed unexpectedly. so that, most of the people fall into financial crisis. they attempt to liquid their crypto and sold their bitcoins to solve their financial crisis, many hodler sold BTC together that's why the price of BTC suddenly has been fallen. but now the situation is totally different. the lockdown has been lifted. People are starting to get their jobs back and government in almost all countries are trying to keep their economics afloat by complying with health regulations. so now we will not suffer too much harmed even if coronavirus hit us again. so, I don't think there is any possibility of the price of BTC going down too much again.
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.
Basically, it is the pandemic that made the price drops, it reflects to people then to the market. It is the fear yes, but it can't always be the fear of the people. 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.
It seems like bitcoin is performing well these days, it's like a pretty normal day for the whole cryptocurrency including the alternative coins coz I see they are thriving and growing. And it looks like people now are realizing how much of a convenient when using a digital payments, especially crypto for more security. But who knows, really. The virus could've been 100% eliminated tomorrow and the price could still potentially fall for some reason.
I believe that the effects of this virus is only in the beginning, since that is where the people are afraid of, I don't see a raise in doubts when we slowly eradicate this virus. 
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.
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. well lemme tell you guys some interesting facts : The reason why we don't have any treatment plan for HIV is because the virus mutates at a very fast rate and therefore it's hard to pinpoint the treatment.
Now according to the scientists , the Corona virus is mutating too . The data is changing and now patients are taking longer to show symptoms. The incubation period is increasing.
This is not confirmed ofcourse , just like any other fact about COVID-19 , it's also in the sheets and we don't have time to actually go and try to find out more about it when we are already struggling with the vaccine.
Now we are not only going to face the second wave but we are also going to face a stronger mutated virus .
But all I know is , we cannot afford quarantine anymore. No country can . People are dying out of hunger if not the virus itself and therefore the market will continue to work .
We won't see any ups and downs in the Crypto market for the long run because of the virus itself.
Corona virus have showed the government that Fiat is not enough! They do need system like Bitcoins. Let us wait and hope that the current hope for vaccination to be out till September works . But then again chances are really low.
Currently, the name of the world's biggest terror Covid 19. As a result, the world economy has become very stagnant. At first, it seemed that the economic stagnation on Bitcoin was due to the influence of Covid 19. Later, the price of Bitcoin continued to rise. However, the good news as well as the sad fact is that in some countries the rate of Covid 19 infection is nearing the end and in many countries the rate of infection is increasing at lightning speed. We hope that this virus will not be able to attack the bitcoin rate.
Even if the second wave of coronavirus will also damage the economy, I doubt that Bitcoin will experience the same drop, as people now see that the crash was a pure panic with no fundamentals to back it up - there's simply no reason why Bitcoin should crash, as Bitcoin doesn't rely on supply chains or physical businesses to operate. Now Bitcoin fully recovered and people who panic sold are feeling dumb - meaning they'll be unlikely to panic sold again in a similar situation.
The need is still the vaccine or more waves will come.
Yes, the price might have fall but look at it now.
Even when the virus is still there the price of bitcoin doesn't move much.
They even risk their stimulus checks to be invested in bitcoin.
I still hope this will all end and maybe we could see the reaction of bitcoin price from the recent halving.
Yes, the price might have fall but look at it now.
Even when the virus is still there the price of bitcoin doesn't move much.
They even risk their stimulus checks to be invested in bitcoin.
I still hope this will all end and maybe we could see the reaction of bitcoin price from the recent halving.
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 hardly think that this would be the case. While a new wave of the pandemic might be hitting certain countries across the continents its unlikely that this will affect crypto and BTC like it did previously. The reason for this is because the leading countries like the US, UK, Japan, Germany seem to show great improvement and because not all countries will experience the second virus wave the market is likely to be unaffected by it.
During the first wave of corona, factories and refiners of raw materials in china were forced to shut down. This denied factories around the world vital parts, raw materials and components required to produce their own products. The economic slowdown coupled with predictions of millions of casualties and mass graves being dug, produced a stock market crash before the virus fully manifested itself outside china's borders.
Circumstances should be better the second time around. We have a better idea of what works and what doesn't. Which measures are necessary and which are nonessential. It will all come down to how states and regulators choose to act. Whether they decide to follow the rational conclusions drawn from evidence. Or whether they decide it is better to pursue questionable agendas.
Circumstances should be better the second time around. We have a better idea of what works and what doesn't. Which measures are necessary and which are nonessential. It will all come down to how states and regulators choose to act. Whether they decide to follow the rational conclusions drawn from evidence. Or whether they decide it is better to pursue questionable agendas.
Now the situation is different and differs from the one in mid-March. Then people were very scared by governments and the media. People rushed to buy everything, as before a long siege. Now the coronavirus is not as scary as it seemed in the spring. In many states, this virus has declined, some even announced victory over it. In any case, such a panic will no longer exist, even if the second wave begins, there will be a coronavirus. If the cryptocurrency market reacts with a fall in prices, then it will be insignificant.
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 don’t think so, I think the initial shock & panic set in previously which led people to selling stocks, crypto, non-essential investments because they feared it’d be worse than it has been.
I can’t see another big dump, no.
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.
The Corona virus is now part of our lives and also part of our economy. People have already adjusted to the changes that are needed to operate in a world with a virus threatening their employees and their families.
The quarantine restrictions and the global banning of whole industries have given the global economy a kick in the butt... now the Health care industry had a opportunity to gear up for a new breakout of the virus, so there are no need for more restrictions that would close businesses for long periods.
Let's hope everything is prepared and that less people will die in the next coming months.
The quarantine restrictions and the global banning of whole industries have given the global economy a kick in the butt... now the Health care industry had a opportunity to gear up for a new breakout of the virus, so there are no need for more restrictions that would close businesses for long periods.
Let's hope everything is prepared and that less people will die in the next coming months.
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 don’t think so, I think the initial shock & panic set in previously which led people to selling stocks, crypto, non-essential investments because they feared it’d be worse than it has been.
I can’t see another big dump, no.
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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