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

The bookmaker writes that he has a lot of clients, and therefore he does not have time to quickly refute everyone - that is a lie! When you make a request on the site, you are given the request number (like # 231). There are no more than 10 requests on the Adkinsbet website per week (like # 239)! There are almost no clients there!
2. the bookmaker allows registration from prohibited countries and allows them to place bets and even allows you to withdraw money - while you are losing a lot! The last example showed that the client was refused payment because he was from a forbidden country. Then I want to ask adkinsbet - how did you check the account for 72 hours and pay him money twice !? you didn't want to pay only for the 3rd time! when the client won £ 2000
3. I read how you refused to pay the client because of using the VPN service. But it says on your site that vpn is allowed if the client doesn't try to hide their location. From the answers of the client it is written that He did not hide his location and honestly indicated it during registration! The dispute is now open, you can all read it!
4. The client got tired of waiting for him to be paid a little money and started writing about it on the forum. Adkenbet paid nothing because "he didn't like the call, you can't write so badly"

We all know it is not stable since we just went from the big dump that happened and now, just after some days we are at $6K. The stock market is affected by the pandemic that is happening right now, it is also said that the stock market in our country is closed and that also created a negative big impact for us. I doubt that people in the stock market bought bitcoin that made it recover, I think it is the holders that bought bitcoin at that dump.

Cointelegraph predicted the fall on their twitter page even before the price drop to 6.1k and currently, the coin is trying to recover but the chart is giving an indication of further falling probably in the next few days. Amid all what is currently happening someone would have to think crypto might fall deeply but seen the coin trying to recover might a sign that the pandemic has little effect on the price.

With yesterday correction, I would advice people not raise their hope of that this short time recovery would be sustainable, $6200 level is an area of interest for me, those that are still on the sideline should still wait because the money that need to come to the space are not going to come anytime soon, over $3 million people filed for unemployment in America and just look at the ripple effect of this in coming weeks

In any case, what is happening on the cryptocurrency market can be the result of both user panic and manipulation, so that before the next bull run there is an opportunity to buy Bitcoin cheaper.  In any case, no coronavirus has an effect on the cryptocurrency market, although very often this idea is supported and disseminated in order to fuel the same panic of cryptocurrency users.  The fact that coronavirus affects the economy of many countries, as well as international economic relations, does not require any evidence and therefore many investors can seek salvation in the cryptocurrency market in order to avoid significant losses.  In addition, the upcoming halving can really attract a significant amount of investment funds, which in any case will increase the cost of bitcoin.

Well, it's been 5 days since your post and a week since the article was published, and Bitcoin is still maintaining the price of $6500+. Surely, the question of 'for how long' is still relevant, but for now the situation seems stable.
Regarding this little recovery, I think there are a couple of possible explanations here. One of them is that there was no reason for Bitcoin to go down in the first place, it was just people panicking. COVID-19 is a big problem for many businesses, but Bitcoin has nothing to do with them. Another is that there's been some evidence that while traders are selling, hodlers are actually actively buying. This way one thing is compensated by the other, and the price can even grow if hodlers are buying a lot.

At a time where there is a pandemic, people have been reluctant in trading as they pull out their investments. People know that when manpower is moving less to not even moving at all, then there is little activity, when there is little activity, there is little income. I think it’s a domino effect as to why there is a great depreciation of value.

For me, those small time investors are into panic and chooses to sell out with loses for their securities from this pandemic virus, They've need to
hold fiat money in order to make sure that they'll be able to supply their needs coming from this lock down.
Many people including crypto investors are worried with how this disease will continue affecting more and more countries around the world.

We do not know whether the cause is indeed withdrawal of funds and then buy materials needed for lockdown, or whether the cause is market manipulation. we don't know what really happened. because I was a little surprised at the market recovery

I hope covid-19 has a good solution. nowadays I often look at the market because the circumstances in my country make my work less. then market volatility made me think a little hard.

I agree with that. The market needs time to recover, and the important is to cure all people who get infected first before the recovery of the market process can run. There are many possibilities why bitcoin price can increase in this day. And maybe that is not because people want to save their money in the crypto than in the stock, but maybe people want to save their money in another form. But soon, bitcoin will be back to the highest price, so we need to be patient.

Well due to the virus, we "kinda" expect it to happen to fall just like what is happening to the stock market right now even though both aren't related to one another in terms on how it is traded but they both resemble an income for the investors, and due to that they're kinda panicking out of the market followed by the other investors as well.
Right now, we seem to stabilize around 6k and I would prefer it that way for now.
8k range you mentioned might need to wait for now, and I expect or just think to happen when almost 60% of infected of the virus recovered already.

I would not expect a very quick price recovery, after all, the drop was quite strong, it seems to me that all the positive factors will not be able to turn the tide very quickly, especially because everyone will look at this drop and be very Caution.

March 12-13 2020 is like hell when red candles are everywhere, the decline in a single day is so deep. Some crypto observers say that this is not caused directly by the covid 19 pandemic, but only the domino effect of the world panic, so that a group of people sells crypto assets simultaneously to get fresh money and maintain or save their business and life in the real world. In fact, a few days later BTC prices began to rise while the stock market was still weak. The halving day can be one of the strong fundamental factors to bring in investors again, because based on the previous moment about a year after halving there will be a high pump price.

It's true that now the market is starting to see signs of improvement, it can be seen that the price of bitcoin has now risen to $ 6700.
Though a few days ago had dropped to under $ 4000. We, if you already know bitcoin, don't need to panic at the price bitcoin goes down,
because surely the price of bitcoin will always go up again. Sometimes the rise can be very high, all we need is it patience if you will decide
on investments in bitcoin.

Bitcoin price now showing again a sign of improvement, we are now back again $6k range. Bitcoin price is really volatile we don't know what is the movement on it. Maybe this is regulated by a whale and together with this pandemic, they ride on it to drag more down the price of Bitcoin. However, the Bitcoin halving is the answer may be that we will have a bull run.

"crypto" market has never been stable and nobody ever pulls out of stock market to go into the heavily manipulated altcoin market that has huge pump and dumps that created large price swings making majority of altcoin traders to lose money. besides only a very small percentage of people invest in both stocks and bitcoin and from that percentage even a small portion invest in altcoins.

After what happened this year I have stopped taking presumptions. It’s best to wait and see what the future holds than just speculating that things will happen and at the end nature decides to take control over everything and make the decision itself.

I was already believing that 2020 was going to be a very big year for Bitcoin and I wasn’t expecting anything such as Covid-19, but then out of nowhere this sh*t came up and ruined my dreams for Bitcoin and crashed every damn and not just bitcoin, but every damn thing. Bitcoin has been able to go up to the $6000 price range and I’m hoping that this pandemic is stopped and things get back to normal.

Improvements follows the Growth and we can't just find that instantly,yes we have experienced the baddest position Bitcoin ever has couple of weeks ago but this does not mean we will stay that down.
look at the market now there are some improvement but still struggling to reach another High and maybe the effect of the world crisis is still part of this down though we knew Bitcoin for long time now.
it can stay lower for long but if the movement triggered for sure we will see another hype in the next days or months.

One of the reason that I can see why bitcoin reaches around 3,900$ is because of the Pandemic virus, which all of things get affected, this decentralized cryptocurrency also becomes affected by the virus, but the good thing that I can see for now is it is now recovering from 3,900$ it bounce back to 6,000$ even though the virus is still in different are.

I honestly believe people are pulling from the stock market and going into crypto right now. It is actually a more stable investment today.

Glady, we are still at $6k and above range. The situation has chances to get over in a few days from now. We don't need to worry so much nor to be one of those panic sellers and weak hands because it won't help the market but instead, it only helps to get worsen and dumps exactly.

That is why they keep on believing and have fate on it.
Some people who don't understand this stance will definitely be putting themselves into a lot of questions and doubtful minds.

Bitcoin market is just too strong. The more they try to short it. the more they lose their bitcoin and get burnt because the community quickly buy the dip and push the price upward. People are wiser today on the market. They know the market always comes back better.

Indeed. Just because you're seeing some increase in price doesn't necessarily indicate that bitcoin in itslef is already recovering. We really hope that it bounces back just as much as you but judging the current situation of the market, it'll take a couple of weeks if not months for bitcoin to get back on its refular price which is around $8000. We might just need to wait for the meantime and have everything fall onto place. Judt continue supporting bitcoin in the sidelines and bitcojn will surely be back on the board.

If you set your eyes on the target and you know what you've invested on is a great technology and a revolutionary asset and currency then you shouldn't worry about having a stop loss. Because eventually the world, banks and governments will see how it can be a vital use to the upcoming crisis like a hedge and alternative payment for cash just like what we saw in Italy.

Don't stick to current price as a sign of recovery. In uncertain time like this it's hard to estimate if this is only temporary situation or sign of recovery. Don't plan anything and don't be too happy too soon, just watch the market and be prepared to react accordingly.
With Bitcoin everything is possible, don't forget that.

I wouldn't call the BTC price recovery "improvement".This is just a volatile market.I guess that many traders sold altcoins and bought Bitcoin,because it's a little bit more stable than altcoin.Some crypto whales might "bought the dip".
The Federal reserve system and the European central bank are going to print billions and trillions of US dollars and euro,in order to fight the coronarecession.All those paper money will eventually pump the price of Bitcoin.The question is when will that happen?

Tend to agree about this, true crypto enthusiasts are strong holders too. Bitcoin price is really volatile and we didn't know what will happen next. Even the pandemic was still there we saw lately that the Bitcoin price was reached the $6k zone level. I always believed that there will be an improvement as always in Bitcoin's price.

We will see what is the result after halving, whatever it is just focus on hoarding and accumulating Bitcoin.

When demand for bitcoins increases, the price increases, and when demand falls, the price falls TellPopeyes.

Now, many of Bitcoin enthusiasts believe that one of the positive sides of the falling price of Bitcoin, is there will be a recovery time soon, so this is a opportunity to hoard more coins to hold. Although due to the current global crisis, may Bitcoin holders have panicked and sold out their coins, worrying that these market would totally be destructed. Bitcoin may not seem a safe haven at this moment, but it is still serving its purpose and provide assistance to a lot of people at this point. Its volatility is what makes up the benefit it generate to its users and time can only tell when it will rise again, thus people are still believing in the potential of Bitcoin.

The weak hands will be tested again if the bitcoin price cannot stay at a price now, or the price cannot increase and back to $6,000. But we know that the market will always change, from up to down and back to up again. And unfortunately, we don't know when it will come. But yes, it seems, the bitcoin price is stable at $5,000 now because it does not go down below than $5,000 or it does not go up and break $6,000. Every time the price reached more than $6,000, the price will be back to the lower price, and I feel that is happening for more than twice.

So the bitcoin price at the market makes me curious about what will happen with bitcoin. Is it go down or up this month and the next month? But I guess that the price will always be like that, and we can only try to make a profit from the difference in the price.

actually that is a good sign for Investors to Buy again because the market fell for more than 50% just  this past weeks.

this is advantageous if you really trust and believe Bitcoin will grow again soon.
i don't think we fell that Bad?because accourding to CoinMarket Capitalization the lowest price of Bitcoin in the past  weeks is $4,106 and that is far from $3,845
https://coinmarketcap.com/currencies/bitcoin/
the Year is more than 9 months before ending so there are so many things may come ,we don't know if the virus will be cured next month?who knows.

No one was really expecting that huge downfall.


I think those weak hands have been shaken already, specially when the price goes to $3800-$3900, but I've seen right now is day traders, and scalpers, trying to squeeze in which way they can to make profit out of this bearish trend.


Yes, bitcoin is so resilient as proven in the past, the only thing is that we haven't been tested in this kind of situation before. This is a pandemic that really affected everyone, not just crypto but traditional financial markets.

One of the brighter sides of Bitcoin is when the price will suddenly fell, there would come a time that it would recover again. Maybe not soon but as we can see the price right now is recovering slowly. we cannot change the fact that due to the pandemic why the market right now is not going well, but the good thing is bitcoin halving is on the way and that would be enough reason for the investors to take advantage with this low price. because if they don't, they might regret not buying today because when the Bitcoin Halving became successful the price will increase in a significant way.

Because of the upcoming bitcoin halving and the COVID-19 that we are facing right now, bitcoin dumping happens to the point that it reaches for about 3,900$, which is really unexpected for me because I really though that it will only reach for about 6,000$ but in unexpected moment, this crisis happens and there are so many holders, players, investors and traders pull out their money just to use to purchase some goods and stuffs that they will be needing with our current situation.

There are a lot of people who converted their cryptocurrency into fiat currency because of being afraid that bitcoin will be dead soon, but I think that it is not a better option, holding and investing is still the best when things happen like this again.

The rapid plummet isn't a good sign for holders because you're just watching the market. But somehow if you also tend to add more to your stack, you'll see that these drops have significant benefits whether you like or not.

It might look as an extended accumulation period so that you'll get bitcoins at the lower rates. It failed to pump up to $7000 but it has shown a healthy recover after hitting the possible bottom.

Maybe it's just a move where people could shake out the weak hands in the market or in the exchange. True HODLERS are tested and did anybody panic right away? I don't think so, it's just that it's a bloody market and that's just the way it's going to be, volatility.

This is important to note actually and I think you are correct. If there is no obvious reduction on the rate of corona virus infection then halving effect will be salient. So many have expected that having will make the hodling value big but let's hope to see that happen.

I expect the price to go down bellow 6000 for sure due to corona virus lock-down which is going to happen in the US soon. It will be another run-for-cash this time in the US but not major one in my opinion.

The panic that happened results to pulled out of the investments of some investors, that is the reason why I still not seeing the bitcoin as safe heaven where it can protect our wealth. It is also vulnerable when there is a financial crisis out there like what happened right now where the cryptocurrency market are also affected to the dumped.

I was not really expecting that hard fall from the price, I expected the price to somehow stabilize at $8K range and that literally shaken the world of most of us. The price is indeed recovering now, the last time I checked it, it was about $6400 then now it is about $6K only, good for me I did not bough yesterday though. I think there will be no pump at all even after the halving if we still have a large number cases of corona virus and we still haven't found the cure of it. It sucks.

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

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.

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