Sign of improvement to the market price of the Bitcoin. - page 3.

HardFacts

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Quote from: CarnagexD on March 22, 2020, 08:41:51 AM

because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.

1. Most crashes do not go down in a straight line.

2. Some of the biggest RALLIES are in bear markets.

3. A bump in price in a declining asset is so common, there is a name for it, it is called a BULL TRAP.

4. The " halving " is already priced into the BitCoin Market, everyone knows about it already. It will NOT reduce the number of coins, it will just mean fewer are created in the future.

I have no idea if BitCoin will go up or down from here, but I would be VERY WORRIED about its reaction to its first economic crisis.

Hard Facts

The Cryptovator

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It's good to see that bitcoin trying to stay above $6K zone lately after unexpected dump. Upcoming halving & COVID-19 effect is conflicting for btc price. Due to global crisis lots of holders sold btc for real cash and bought some daily needs in advance. Its true even me I did same things. Also who have enough money (very rich man) they are trying to accumulate some btc during this global crisis. In a result we encounter up trend sometimes. We don't what will happen regarding halving if we can't prevent COVID-19. Likely we will not see our expected price that time. Only time will say what will happen, we have to wait few more days. But still I think bitcoin on positive movement even on this global crisis.

CarnagexD

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To the previous weeks the market price of the cryptocurrency rapidly fall down and that is not a good sign, one of the reason why does it happen is the virus rapidly spreading and some of the people pull back their investment and also some of them use the money to things they need just to buy foods and other stock of supplies their need to survive the pandemic plague because some of them have a lot of lockdowns to avoid the spreading of it.

After the market price of the bitcoin fall for over $3845 it becomes a huge loss and we are hoping to improve this again and after a week the price of the bitcoin becomes stable for over $5000 dollars and after 24 hours there is a huge change before over $400 million dollars investment to the cryptocurrency and that is a huge impact because this is a good sign of market changes any time, one of the things why this happens because of the halving is coming that the supply of the coin will be limited still we are hoping that this year is profitable of the year of 2020.

Sorce : https://www.coindesk.com/bitcoin-bumps-up-but-for-how-long

Topic: Sign of improvement to the market price of the Bitcoin. - page 3. (Read 357 times)