Topic: Virus Bear Market? (Read 1786 times)

BTC does not fail because it needs much more serious reasons to fall lower than a couple of coughing old people and pneumonia.
Gold does not fall because it is almost a tradition and classic of long-term investment, and for the fall of gold, you also need more weighty reasons than some virus. Gold is traditional save haven.
Both examples about assets whose collapse would mean a total collapse in their market.

All they are doing is to just guess when the virus will end, but nobody knows when it’s going to be. The lockdown that was initiated in every country didn’t even work and now people are still going around and there even those that are protesting in so many countries for the Black Lives Matter stuff, which means that there is the probability for it to keep spreading from there, which I don’t really wish for.

As for Bitcoin, these things can only affect it at the earlier time, but after some time it starts going back up. That’s what happened with this Covid-19 situation, it dropped for a short time.

Copy cat Riots gonna happen in main cities around the world soon in non-wealthy areas. Police brutality happens everyday in usa where blacks are killed by cops. The media is twisting this Floyd George murder by cops narrative into another narrative that covers up the overall truth that is people are losing their jobs, global economies collapsing due to virus and people realise its bs so they taking to the streets to riot.

Social media are twisting the narrative and using the 'I Cant breath' trend as a psychological tool as most people wear masks and cant breath properly so people gonna gather for riots and there will be copy cat riots across the globe to stand up to the top 1% elite that control the 99% of us so be ready guys. Social media and other tv media news want trump out of office so they are playing this psyche infowar as well as fooling the masses into believing riots is caused by a cop killing a black man when in fact global riots is caused by this virus handling by world governments. So everyone be ready, theres gonna be looting and violence in your non-wealthy neighbourhoods soon.

This will be bearish for btc or bullish?

Yes, no one knows when the virus will stop spreading. A lot of people thought that it would have been over by now, but despite the lockdown everywhere the virus still continue to spread. Now people can’t continue with the lockdown and the government has no other option than to ease the lockdown and let people go back to doing their business, with a little bit of restrictions.

I’m really happy about Bitcoin, the pandemic was not able to hold it down. After it decreased it didn’t take long before it started to increase in price again. The price has already gotten to $9,500+ today and might be heading to $10,000 very soon as per all of our speculation. I do not know some people still call this a bear market even the virus chaos are not settled down.

I don't think that virus is fake news. It was there and many people went sick because of it but I can agree that the whole situation was a bit exaggerated.
When it comes to terrorism and other negative stuff that hasn't disappeared, of course, but COVID-19 was the top news and everybody in the world was occupied with that.
It's well known that media like sensations and to spread the drama.
Now when the pandemic is over or has weakened many other issues in our societies come to surface and this is usual situation.

I agree. Place for some horror stories come others. The only question is how long will people believe in these stories about the virus?
In my country, almost no one believes in him. But the authorities persistently impose masks and restrictions on the work of many types of business

All these btc mining pools in china or any of them in hong kong?:

- Poolin

- F2Pool

- BTC.com

- Antpool

- ViaBTC

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This is what I think will happen within the next year or two, give or take global economy wise:

- Chinese Cashless Crypto Curreny Yuan, will be claimed by chinese govt. to be backed by gold because china has been buying and hoarding a lot of gold recently and the world will be more interested in this Yuan as a world reserve currency replacing the losing $dollar as world reserve currency but truth is not really backed by gold.

- UK Brexit will happen end of this year, the Euro currency is currently the 2nd most popular world currency after current world reserve currency $dollar but when brexit happens the EU will struggle and the Euro currency will collapse starting in Germany sending shockwaves across europe. This will definitely promote the Chinese Yuan as new winner World reserve currency after failing Euro and $Dollar.

-  Currently Hong Kong Riots are happening because china wants to claim Hong Kong back as main mainland of china but the British saying China cant claim it until 2047. China wont wait till 2047 and want hong kong back now. China will be global no.1 super power once Yuan becomes world reserve currency and so will by force take hong kong before 2047. Once that happens Hong Kong dollars will be replaced by chinese Yuan. This will more likely get Britain and USA agitated that can lead to World War 3.

- Have you guys noticed Terrorism that flooded the news daily has suddenly vanished from tv news. Its like the terrorists are on this virus lockdown too that doesnt make sense. This indicates that the virus have made terrorism redundant and the virus will be the new long term fear tool on the tv news replacing terrorism. This indicates this Virus will be long term lasting years or even decades like terrorism did. So things wont get back to normal soon.


The question is how Bitcoin market will cope under long term virus lockdowns and long term social distancing or even worse under world war 3


Remember Pre-Pandemic Feb 2020 Normal and the New so called current Normal are 2 totally different things. Can global markets reach new ATH's without bailouts and under this 'New Normal'?



[moderator's note: consecutive posts merged]

We may know the real effect once the economic starts opening up after the lockdown how the situation turns ugly or is it stable. Because demand certainly going to fall as unemployment rates are rising and this would mean that production will fall and have the adverse effect as well in the economy. Hope country’s can take care of this in this uncertain times.

When China government/bank are officially releasing their centralised national crypto cashless society coin?

Will china see bitcoin as a threat to its centralised national crypto cashless society coin or both can co-exist in the market?

Can the public buy or invest in this china coin or is it the matter of the public swapping their cash for this china coin?

This China coin will be just like stable USDT but centralised right?

Can the public buy btc with china coin? Will exchanges open up new trading pairs with btc and china coin?

China buying a lot of gold and stocking up on its gold reserves. Will china mislead its people and say their china coin is backed by gold? And if USA dollar fails as a world reserve currency in these gloomy economic times then will the new chinese crypto coin become the new world reserve currency cause china will claim its backed by gold showing its huge gold reserves to the world to prove it?


Okay main question is if China see btc as a threat to its centralised coin then can china raid all the mining pools in its country and have like overall control like 80% of the btc network hash power? If so then chinese government can launch 51% attack on bitcoin right because 80% is more than enough compared to 51%. Correct me if im wrong.

Why electricity is cheap in china?

If electricity in china wont increase in price soon in china then what can we do stop centralised mining pools/farms in China and diversify that 80% mining monopoly from china to world wide in other countries? Will a new btc hard fork required for this or soft fork?

Will changing btc to POS from POW fix this?

An economic crisis or a major recession is also likely due to the fact that major European countries are constantly affected by the corona virus. Russia is one of the countries where the number of infected people has increased and the US has not been able to control the disease well. If this continues for another 5 months then I suspect that investors will run away once again and the market will be bloody, especially not except for crypto. Be prepared for this.

What made you think that the Coronavirus has nothing to do with cryptos? This is a pandemic and it has lots of ways that it can affect Bitcoin and other cryptocurrencies. Although the cryptocurrency market has managed to recover recently, at first there was a panic and a lot of people were afraid that Bitcoin will fall, and not just Bitcoin, including the stock market. And things started to get worse when it got to the extent that there was a lockdown and so many companies were losing money to the extent they had sack their staffs.

People were losing their jobs, and cryptocurrency doesn’t seem like a good option for them at that moment. I’m happy that Bitcoin has been able to recover, and it’s likely to keep the growth steady.

Okay what about the miners with their limited rewards now cut in half. Are they still profiting in the most mined countries and hows the energy electricity prices there now? Cheap?

It looks like the only way out of this uncertainty is a global coordinated vaccine then proper bull markets will follow right? Meaning no bull market this year?


Can governments worldwide sustain this money printing injecting trillions every 2-3 months stimulus till global vaccine is released?

The question is will government bailed out companies and government bailed out employees use their stimulus cheques to buy bitcoins and will we experience a temporary stimulus cheque bull market this year (market artificially inflated by stimulus cheques) till the ink in the money printer finishes?

Lastly does free stimulus cheque money devalues bitcoin in anyway? For example if USDT token decides to print out a trillion USDT tokens out of thin air and bitcoins have been bought for free because of this then wont this affect the true value of bitcoin?

Is there a way to make bitcoins only purchasable with true hard earned money instead of free money? Possible to create such market?

You have already got your answer and Nope nothing helps from Halving as we are still in lower capitalization and you can just check the market for that.

I think we will stay in this situation until middle of next year and that is the hard time we must face but after that?i believe that  Bull will come to rescue us and at least double out money from this fall.

I think that the bear market will start later, because this virus is only the beginning.

when people have no income , they will start sell their assets ,so yeah the pandemic cause the  bear on the market , just hope this will end soon and economic get better

a lot of practicing traders are futile to get into their posture to create marketplace straight to covid-19 which are impacted else scores of countries, to caring the cutback the least wage level of contribute for the rescue of approximately fastidious freight which is approaching from the other countries are sooner or later minimized, for the safety of fill with absent from the virus as exchange and advertising foodstuffs to altogether individual sector of the accept markets are diminution and a lot of traders are misery key losses in their portfolios.

We all have to go a long way from here because it will take years for now to economy to be back on the track as we had in 2019 or 2018. This is not going to be easy and now once the lockdown of the countries is lifted the real problem will begin and in next quarter we will come of with many small and big problems of many workers, companies, demand, money supply etc int h world. BTC hopefully during all this time will continue to outperform the other markets.

COVID 19 has had major blow to many sectors of live including financial and economic sectors. Comparing the impact on the economy of some countries, one can say the cryptocurrency market has be resilient and showed great resistance. There has not been a major decline in the market due to the COVID 19.

It will take a long time to recover the economy but the vaccine for this disease has not been discovered yet I don't think it's possible to get a vaccine for this disease anymore. Many countries have already come under control. The impact of the virus on the market is much less now The market is getting worse and worse because of the bears They are managing the market as they wish. The situation is going to be worse in the world but the virus is not affecting the beer market Everything is going back to the way it was before the bull's influence was gone.

The corona virus did a big part why crypto industry is down and started the bear market mode up until now. Even the halving hype did not create so much to push the price upwards and sustain in for a long time, instead it dumped again. Our economy will only recover if vaccine will be manufactured in due time then everything will be back to normal and see the silver lining of this pandemic we are into.