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Topic: Stimulus plus halving could cause the real crypto bull (Read 334 times)

hero member
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Overall I think there would be a little rise. I don't think a major one though.

People are thinking that way but if bitcoin will rise and pump, then I am sure they FOMO will come.

Some investors are just watching the market right now, they don't invest when the market is not bullish, they just ride with the hype and the FOMO.
It's actually good that majority are not expecting bitcoin to rise as the opposite will likely take place and hopefully what we are seeing now is the opposite I am talking.
sr. member
Activity: 542
Merit: 251
I was thinking of something sort of similar. I don't need the money so was thinking of just putting it away in some stocks and let it ride. I could see people that have knowledge of bitcoin thinking about the halvong and rather put the money in bitcoin. Overall I think there would be a little rise. I don't think a major one though.
hero member
Activity: 2240
Merit: 848
Stimulus will help Bitcoin to a degree because:

1) Printing trillions upon trillions of dollars out of thin air all of a sudden debases fiat, thereby raising Bitcoin in relation.
2) While plenty of people will just use the spare money from government for their needs, there will be some overlap of people who are into crypto and still have their jobs so they are just getting free money and given the low price after the crash and the halving and everything plenty of them I'm sure will put that money straight into crypto.

So I would think the stimulus will have a moderately positive effect on Bitcoin in the medium term.
legendary
Activity: 3052
Merit: 1188
Normally, the stimulus should have the impact of giving companies a lot cheaper access to money, that money used for expanding the business or at least keep it afloat, pay the workers their salaries and keep the money making churning until all of this over and then go back to what it was.

However as we can see companies take advantage of this situation, still fire people, still not grow, still basically do nothing to make the country more profits, only take that money and make a bigger profit for themselves and pay the CEO huge sums of cash in bonuses to continue like what they do, only the shareholders and CEO makes money, nobody else makes any money at all. Hopefully, they will eventually start hiring back because there is still  so many unemployed people out there who will need jobs when this is all over.
hero member
Activity: 3052
Merit: 651
That might just be a small portion in the whole world.

Not all are being supported thru money.
Some are just food, medicines and other necessities.
I don't think they will be giving out fiat any time now.
Now, in my case too, 2 months bill of electricity and water will be paid once this is all over.
They didn't gave me any bill now and I am worried about penalties. Same goes with mortgage and other stuff.

I bet there are a lot more out there which will have a worse experience than me.
So I am not putting my trust on that. It could be the other way around. Not that I don't trust bitcoin but that is how I see it with the economy of the world.
hero member
Activity: 2604
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I would not think if that is a stimulus for bitcoin or not because we do not know for sure about that. But if that is a stimulus, then we can expect that bitcoin will be skyrocket, and many people out there will see that bitcoin exists is not just for the investment only, but bitcoin will give them a new way in the payment system. And that will help crypto to grow fast, maybe, and the adoption process will be fast too.
legendary
Activity: 2114
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So far I only know of three country offering stimulus packages to their citizens (US, England and Canada) and among them, issues are still arising with it's distribution and majority of jobs which can not be done digitally have been lost. It's unlikely anyone would be throwing theie stimulus package into Bitcoin when it does get to then at a time of looming economic crisis. That's would be a very unwise decision.

Also, people are paying so much attention to the Bitcoin halving. It doesn't have to necessarily trigger a rise in the price like in previous times. It can only influence the demand for bitcoins and this would in turn trigger a rise in the price.
legendary
Activity: 3808
Merit: 1723
Just heard on the news that some bank ended up closing due to Coronavirus. So far it was some small bank in some state. However this brings back memories of 2008 with all the larger banks being hit.

If the banks start to go down due to this and there is a lack of way to access capital or assets to their customers then bitcoin obviously could play a big role since its decentralized and essentially "can't" get closed down.

Wonder how many more of these bank closures we will get within the next few weeks, seems like its really starting to get worse.
legendary
Activity: 2996
Merit: 1132
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Halving is a pure bitcoin thing, there is nothing that will change that at all, bitcoin will go up in price or hurt miners, that is literally the only two options either the price will go up a lot or the miners will lose money (or some lower end miners will close shop and while other miners who have better machines profit, those small timers will lose money which still means miners will lose money).

Doesn't mean that it will go up, it could still cause a lot of miners to close their machines, but in order for them to profit it has to go up so I am sure all miners will work towards that. However stimulus is not a direct bitcoin thing, there are many things that "should" affect bitcoin that didn't, so it might not really do what we expect it to do. Can it help? Sure, will it? Maybe.
legendary
Activity: 2702
Merit: 4002
Both factors will not contribute to changing the equation in the medium and short term. Therefore, you will not see a change or an instantaneous change in them. In fact, the governments ’attempts to solve the problems will weaken BTC, as there will be many alternative solutions and curtains.
full member
Activity: 1106
Merit: 166
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So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
People who wanted to invest might already invested on cryptos and stocks when the price value crashed so people are not going to spend their stimulus check for investment purpose,either they will spend on useless things or for foods.
legendary
Activity: 2450
Merit: 1047
I dont think that people ready to invest in something risky during hard situaitons. They will spend this money on food, drugs, etc, not in investments

yes of course they are that's the normal reaction but when thing settle down after the initial panic, people especially investors would like to get back and check for opportunities, investors who wants to get back investing will find themselves in a good opportunity now, than those who wait and see what's going to happen next.
sr. member
Activity: 2660
Merit: 339
I will only agree with halving, but as for stimulus? left for that, there wouldn't be any bull at all. I don't think will invest with such money in bitcoin when they already know that the situation is hard and they are looking for food and things to survive with, some will need money to clear out some bills that will be waiting for them and investing in bitcoin at this time is kind of risk, because you can't predict where the market is heading to; you can invest your money and the market will plummet to a very low price and that would be how you end up losing your money, and if it goes up, lucky you. Anyone that's investing in bitcoin right now will be someone that already has enough.
sr. member
Activity: 1274
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True talk @OP, this stimulus from the government and the long-awaited Bitcoin halving can really send the crypto market into a short bull run. I am not optimistic about a major one because people need to rebuild themselves once this economic recession is over then we can see major and active trading across markets. This would also pave the way for new investors to also come on board. Hence i am very hopeful in the long term of hodling bitcoin at this moment when it has gotten too cheap to purchase.
hero member
Activity: 3024
Merit: 680
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It's time for bitcoin to shine. If people from US will understand the importance of having a limited supply, they'll churn in to bitcoin. And if they have logical understanding about economics.

They will see the total difference of bitcoin and US dollars.

I don't think anyone will notice it now. Everyone is busy with the spreading coronavirus and to be as safe as possible.
Even if inflation begins to rise unbelievably fast, everyone will explain it with the virus crisis. I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.
Spreading the covid19? I don't think that it's like that to be specific.

They will soon turn to it once they start to see that the economy is not doing good and the money they have right now potentially will have a lesser value in the nearer future.
full member
Activity: 218
Merit: 105
The Nomad
I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started Huh   Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF  Cheesy Cheesy Cheesy

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts

Is it just me or you probably should change your name to Stupid Opinions?

Even gold dropped. What's your point?
newbie
Activity: 7
Merit: 1
.

I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started Huh   Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF  Cheesy Cheesy Cheesy

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts
  I am thinking about how hard your facts really are.

Pretty sure  they are rather soft like my lies. Grin
legendary
Activity: 3528
Merit: 7005
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those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
That could happen, but I don't think it will.  I do have a feeling that the stock market is going to start booming again once everybody gets their stimulus checks, and it'll probably also lead to inflation of other assets to some extent.

All this money printing isn't going to be good down the road, though I'm sure we won't hear a lot of complaints from people about getting free money from the government.  It just seems like a crazy situation to me, and I don't know how our government is going to afford to give out cash to all its citizens.

Not too many people are talking about the halving lately--no shock there, given how drastic life has changed for everyone recently.  But I do still think there's going to be a positive effect come May.  It might not be as huge as a lot of folks thought earlier this year, but we'll see.
sr. member
Activity: 1232
Merit: 266
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I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started Huh   Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF  Cheesy Cheesy Cheesy

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts

From the beginning of the year (when the price increased in January also) I predicted big drops - to the level of $5k - before halving I thought it will be in March or April, but it happened earlier). And the price increases at the end of the year, because this is how the Bitcoin price always behaved after halving - the increases were always few months after.
Now I think this same, and even more - I think that such a big crisis on classic stock exchanges will make the Bitcoin price increase even stronger. The same way printing money all over the world, because I'm sure all other countries in the world will follow the US.
Of course, a lot can happen and this is only my speculation, but I agree that halving and the economic crisis will have a strong impact on the price of Bitcoin in the second half of this year.
member
Activity: 434
Merit: 29
I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started Huh   Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF  Cheesy Cheesy Cheesy

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts
sr. member
Activity: 602
Merit: 250
Are you sure that people ready to invest right now? FUD everythere
sr. member
Activity: 1232
Merit: 266
> CAMPAIGN MANAGER < https://t.me/TheAndy500
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.
It's time for bitcoin to shine. If people from US will understand the importance of having a limited supply, they'll churn in to bitcoin. And if they have logical understanding about economics.

They will see the total difference of bitcoin and US dollars.

I don't think anyone will notice it now. Everyone is busy with the spreading coronavirus and to be as safe as possible.
Even if inflation begins to rise unbelievably fast, everyone will explain it with the virus crisis. I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.
newbie
Activity: 25
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The price should soon increase by 25 percent, and maybe more, I am sure of it
hero member
Activity: 3024
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So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.
It's time for bitcoin to shine. If people from US will understand the importance of having a limited supply, they'll churn in to bitcoin. And if they have logical understanding about economics.

They will see the total difference of bitcoin and US dollars.
hero member
Activity: 3164
Merit: 937
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.

Yeah,right.The first thing that people,who get some money out of the stimulus package are going to buy is crypto. Grin
Don't you think that they have debts to repay and food to purchase?The people,who "don't need the stimulus for food,health and other urgent needs" shouldn't receive any financial help from the government at all,because obviously, they don't need help.The government isn't Santa and shouldn't become Santa,just because there's a global crisis.Only the poor people and the most damaged businesses should receive financial support.
sr. member
Activity: 1232
Merit: 266
> CAMPAIGN MANAGER < https://t.me/TheAndy500
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.
sr. member
Activity: 1297
Merit: 294
''Vincit qui se vincit''
Little investor might wouldnt invest for now because of the corna virus, halving is near and we dont have much time to stock fiat to buy BTC as we are currently on lockdowns.

If the spreading of the virus comes to an end before or after the halving that may be the sign of bullish trend.
hero member
Activity: 2842
Merit: 772
To simplify:

 - BTC enthusiast or BTC maximalist to take the money to buy more bitcoin

 - new interested people coming in because they heard that bitcoin is a good leverage will buy pushing the
   price to the next level.

In theory this might work, but then how many are smart and see bitcoin's many benefit? Will they really go to an assets as volatile as bitcoin? Or would rather stay safe and put those money in other markets? There's still a lot of factors to consider before someone really put their fiat on bitcoin at this point.
legendary
Activity: 3234
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I do not know that any government other than the USA will provide financial assistance to ordinary citizens, at least as far as the EU is concerned - everything here is focused on the economy - small and medium-sized enterprises, and the preservation of jobs. Unfortunately, this is not working right now, and many people are out of work, which also entails reduced consumption of the vast majority of products (except for food and necessities of life).

I think halving is the only bright spot at the moment, something that discourages people from selling at the current price. But halving never immediately increased the price, so I believe it won't be this time either, but the first effects can only be seen in Q4. However, it all depends on when the crisis caused by the virus will end, and whether it will reactivate with the following winter, much like the usual flu.
hero member
Activity: 2660
Merit: 551
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

Right, stimulus packages, QE, and other similar plan to help people during this looming recession.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.

It could be, but we really don't know that mindset. Many others will just keep the money, or reinvest on stocks or other commodities. Remember that crypto hasn't reach mass adoption it, so there's a possibility that we really don't see this as kind of catalyst, just saying.
newbie
Activity: 48
Merit: 0
I've been thinking the same way too. Besides, we are observing a large influx of newcomers in crypto. It means that less people trust governments with their printed money but turn to Bitcoin as safe haven.

All these factors taken together can trigger a significant surge of the Bitcoin price.
mk4
legendary
Activity: 2870
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The halving is one thing, but people using the stimulus money to buy bitcoin?


source: https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

"58 percent of respondents had less than $1,000 saved." This data was just from May last year.

And lets not forget that this is while people actually have jobs. Sure, we can assume that people will jobs might have extra money to invest in risky investments. Now, how many people actually have jobs right now? While we don't have the data for that, what we have is the data of how much people actually became unemployed just this month.


source: https://www.marketwatch.com/story/a-record-328-million-americans-applied-for-unemployment-benefits-last-week-due-to-coronavirus-2020-03-26

Huge-ass red light saber right there.

In the end, we're now left with a small percentage of people. Sure, there will be more fortunate people that could and will be buying bitcoin, but will the number be significant to actually increase bitcoin's price? I personally don't think so. It's simply not a really realistic expectation. The last thing most people will want is to risk what is left of their savings.
hero member
Activity: 2702
Merit: 672
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That is if the virus could make an exit and not add any more damages than it already has by the time the halving comes. This virus concerns human lives, so I doubt those people obtaining stimulus checks would use it as an investment. However, if let's say, a few months after the halving and a vaccine is found, the market would probably make a boom about it and as you said, act as a catalyst. But then again, the government ain't stupid.
Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.

Just like you said, those with no urgent needs would invest, BUT would those with no urgent needs even receive the stimulus check? Everything is planned out to help only those who are truly in need after all, so I doubt such a loophole couldn't actually be seen by the government.
legendary
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About bitcoin halving, just know it will have only little effect on bitcoin price. There will only be 2,625,000 BTCtc left. The direct effect of bitcoin halving will be little. I personally made a thread here about bitcoin halving and its 2020 price valuation. Talking about the possible reasons bitcoin will increase this year. The main reason why bitcoin can increase in price will mainly be whales manipulation and retail investors anticipation. Check the article below, you will see it interesting.

https://bitcointalksearch.org/topic/m.54008321
newbie
Activity: 30
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I dont think that people ready to invest in something risky during hard situaitons. They will spend this money on food, drugs, etc, not in investments
sr. member
Activity: 2366
Merit: 332
So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.
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