Topic: Virus Bear Market? - page 3. (Read 1814 times)

Whales could dump their bitcoin but that doesn't mean they will not buy back,

They are different from those who panic because they will dump and will continues their action as a loss, while these whales are smart enough to take advantage of the wrong decision by the weak hands, now that the market is bullish, let's thank of the upcoming halving but this bullish market does not guarantee that it will continue so we also have to be cautious, get out and sell if you are in profit, and just start to accumulate again if the price will dip, that's what I learn from my experience in the past.

It rebounded we have all the whales and the believers to thank, for not dumping their shares those who dump their shares are small holders who invest without confidence in the market, now that we are days before the halving the market will become more stable, it's hard to predict how high it could get we can only predict after the pandemic is over.

I don't think that we will be back normal soon. This pandemic has somewhat reset everyone's outlook in life.


If I'm not mistaken, countries that eases up, like South Korea and China was this kind fo 2nd wave already.


Even without this pandemic, It won't be very easy to see the price goes on a parabola. It will still be very volatile, sideways market, few break outs here and there. But I don't think it will be a L game, we might see some corrections, but it doesn't mean we can't bounce back.

That's the million dollar question. I would say so, yes. The market seems to be running in broad sentiment cycles. Right now, nothing can stop the exuberance behind the promised economic recovery, not even unprecedented contractions and Depression-level unemployment.

All that optimism is based on a robust reopening of the economy. A second wave (especially if it's a much stronger wave as with the Spanish Flu), combined with the regular flu season is very likely to overwhelm health care systems again. That will in turn call for economic shutdowns. That will reverse all the previous optimism and likely cause another crisis in the markets.


These shutdowns are extremely costly for businesses. Big damage to cashflow and supply chains, wasted overheads.

I don't know that companies can increase prices in this atmosphere. They already have excess productive capacity and inventory and consumers have way less money than before. I think we're going to see a cycle of layoffs and bankruptcies.

The planet of crypto currency cascade down as at hand are more or less individuals converted their money into fiat currency, honorable to sidestep having the need of sources to endure the outbreak. Still we are looking send to generate additional earning little the virus is spreading. for the reason that around of the relatives at the moment admit the utilize of crypto or the digital currency as payment. as it is nearer and protected furthermore they don't want to pass on outside as roughly of the seats at the moment finished a lockdown to let alone fill consciousness infected.

If this is the case then I assume if the previous decline is not related to anxiety or panic due to the Covid-19 pandemic, if the collapse of the crypto market yesterday was due to this pandemic then surely the decline or its lowest value would be greatly destroyed might be lower than 3k, who know, because the situation is very worrying. I just assumed the market collapse yesterday was probably just a normal situation because of a big correction before the halving bitcoin happened, with the current spike there is at least nothing more to worry about in this chaotic situation due to this pandemic.

During the early days of the pandemic and then follows the lockdowns I think its normal for Btc to crash due to people panicking that they need cash for this uncertain situation. But as we look at the market now, its truly an independent asset that regardless of the crisis is still making big surge in price specially that halving is coming in next few days.

I think BTC not crashing at this moment because of fiat money crisis. Many government already printing money to save their people as well as. At the same time people who are in home trying to earn alternative way and cryptocurrency is the best way they are seeing. In this virus time if they invest or gain money from home that may be best one and that may be main reason to btc high market.

thanks.

When the pandemic virus outbreak starts rapidly spreading there are a lot of transactions getting canceled because they scared got to be infected by this kind of virus so what is more important life or money. As a good decision, it is better to make stay safe than dies into this kind of virus by that many establishments got closed because they avoid getting attached to different people who came from infected places. Also one of the problems we face from the previous month is the market price of fiat currency and the oil those source of income have problematic outcome because both of these are rapidly drop in just a single week and after that, the cryptocurrency follows which is not good to the investors hoping that the market price of the coin becomes profitable to them.


Those people who made the last option which is selling their funds even they lose a lot this is their choice because you can earn it again the bitcoins but life isn't so it is a good thing to save your self and your family to this virus than your money.

So this summarise; Bitcoin price went down because Long Term Investors Hodlers sold their bitcoins because they lost their jobs and needed to sell btc for paper fiat because they needed cash to pay for rent and pay for food to survive on? So the original capital cash these investors used to buy btc before the pandemic wasnt risk free capital to begin with?

Secondly this Coronavirus pandemic is a Black Swan Event for the markets. Do you guys see this black swan event as bullish or bearish and reasons why?

Thirdly there was a post earlier saying even if the virus goes away, markets wont make a V or U or W shape recovery resulting in recession or great depression? Why is that? Because of Irreversible economic damage that has been done?

What indicator confirms that bitcoin is stop correlated to the stock market or gold market?

Oil market reporting oil barrel costing -$37 meaning if I fill my truck or car with a barrel of oil the fuel station owes me $37. What is your take on this?

Also millions of Americans are unemployed meaning will they use their govt bailout cheques to buy btc or use it to pay for debt and bills? If paying for debts then who will be the buyers be for btc to push btc into a new bull market to $10k? The chinese, south korea or even Swedish buyers? These countries are not in lockdown.

Lastly I hear the vaccine is new revolutionary, a new design invention of vaccine designed by Bill Gates that contain a nano microchip inside the vaccine that takes a long time to Patent and a long time to mass produce the vaccine for the billions of people worldwide. Only profitable companies/organisation patent a product so other companies cannot copy their product or steal their idea. So I assume Bill Gates will make a lot of money from this Vaccine as he will have a monopoly on this vaccine like he did with computer microsoft windows operating systems. Whether its a vaccine or a E-Tattoo waiting for Patent approval I bet Bill Gates will say the Vaccine will require such technologies because they can track infections/viruses and report data back in real time and also report which people avoided the vaccine by scanning people.

Finally the governments are saying theres gonna be a wave 2 or several waves of the virus e.g. Covid-20 later this year or next year so of course governments worldwide will buy what Bill Gates is selling so governments and health departments can track the virus in real time and let people know exactly when to go into future lockdowns or what periods are safe to leave the house after vaccine has been injected into the masses.

All this makes sense that the revolutionary new type vaccine will take 12-18 months like the Governments said. The question is what will BTC market look like during the next 12-18 months?

Also when everybody takes the vaccine and theres no guarantee that the vaccine wont be outdated for the new strain covid-20 or futures waves of pandemics, similar to the flu vaccine that is outdated as the flu virus strain evolves every year to a new strain then how will the markets respond to future lockdowns and future exit lockdowns? This new nano particle vaccines and E-Tattoos just provides real time statistics to the governments and no guarantee of curing the infection or curing evolved new strains of covid-19, indicating governments will make the vaccine mandatory requiring injections every year to stay up to date against the virus so they will say future lockdowns will be avoided and everything will be back to normal if everyone get their regular yearly injections but for the people who refuse to take the vaccine as I bet half of you here on these forums will refuse it for your personal reasons, the government will blame the anti-vaxxers for future lockdowns or put anti-vaxxers only into lockdown.

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Okay I can see markets are recovering on the bases of hoping lock-down restrictions are lifted and everything is back to normal by June.

However... Governments are saying there might be a 2nd wave of the virus later this year or next year. Will we experience another crash like we had in march when 2nd wave hits?

Some countries have eased lock-down but eased doesn't mean back to normal. Eased means there are still some restrictions in place. How will this affect markets and economy, is it in a volatile way? Also eased down lock-downs mean more people will get together and governments will say virus cases have gone back up relating to the 1st wave of the virus and proper lockdown will be re-introduced. Will markets and economy have a crash from this?

Also does shutting down businesses in lockdown and businesses re-opening in ease lockdown and shutting down again in 2nd lockdown on 2nd wave of the virus. What kind of damage this can do to a business or company where its open and closed for long durations during the year? Will companies increases prices to make up losses during the shutdown periods?

Government will say the only way to end these type of disruptions is a vaccine. Only after a vaccine then we will see a proper recovery of the markets right?

Whats your take on this? I have a feeling it wont be simply a U or V shape recovery. Its gonna be volatile like M or W until a vaccine right? If theres no vaccine and theres a 2nd wave then it will be L game over for the markets, but where does bitcoin stands?



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I think you have a point that the covid19 is the reason or cause the crash of bitcoins value because of this pandemic everyone is worried and others get panic ,so if they have bitcoin ,they surely sold it just to buy foods and other important needs during this time. But on the other side ,most people that have bitcoin will surely do trading and investing while stay at home and can't work outside to make money. Whatever the effect of covid19 in crypto space,bitcoin will remain valuable.

At a time when many people sit at home and do not receive a salary, income from cryptocurrency remains the only earnings. Therefore, many people instead of expecting a high price for bitcoin are forced to sell it now at the current price. But the good news is that we don't have to sit around in quarantine.

It must be admitted that this corona virus has a huge impact on the world economy, causing the market to crash. Indeed there is no technical
relation corona virus with bitcoin, but how come the price of bitcoin is affected by corona virus. We see the situation now that makes a lot
of people lost his job. Surely the holders of bitcoin panicked and sold the bitcoin they had to buy their daily needs. This is why the price
of bitcoin has fallen, and what scares us all is that no one knows when this crisis will end.

I am sure after the Covid-19 pandemic we will face a huge recession, comparable to the last financial crisis or even worse. It might get ugly for some people, but the regular person will get through this and we will see new all-time highs in a few years again. This is how economic cycles work, it can't go up all the time. From time to time we face difficult situations but there is one thing we learned from all the crisis before: It might take some time, but we overcome them and we will face a new bull cycle afterwards.

The world is experiencing a very difficult crisis, the coronavirus, this virus are already spreads throughout the world and it affects a lot of people nationwide so that many business are also affected on it. The market price also affects because it go downs rapidly in just a simple day.
In the situation nowadays the bear market is not really impossible because of the pandemic virus, many crypto users nowadays are just focusing on their on lives so that the market price are just stable as we all know, the market price will remains as a low price. If the pandemic coronavirus will end everything will be fine, because if the coronavirus will not long last many businesses will get back to normal and as expected the market price will be fine.

It depends, if there's a cure already then it wont last that long. We are waiting for the vaccines that can address this virus and I think a big pharmaceutical company has made an antibody medicine for the virus but didnt disclose it and will be available on May in the market base on the reports here.

On the other side investors need cash to by necessities so some of us sell their assets resulting for the market to turn bearish. Its not because of the virus but because of the investors who sell for different reasons.

if governments say that virus will last until next year , will also believe on that ?well for me id say no . virus is not predictable . it can be cured and pandemic will stop next month or two but i dont believe it will last over a year .  and why call it it virus bear ?  there is no such thing as virus bear afaik but i only hear bear ( the opposite of bull or bull run ) virus normally cant cause bear but its only a co incident i guess that the virus that we experience is spreadable , causes people to panic and changed thier lifestyle .

Bitcoin is below $7k, maybe there are people selling for cash because of the extend lock down.


Doesn't matter though, as long as people are in fear of the Covid-19 and the infection is not yet control globally, we might see the price just swinging in the range of $6k-$9k even after the halving. So there's a lot of uncertainty for now and it's really hard to predict the market, regardless if it is traditional market like Dow Jones or as volatile market as cryptocurrency.

and the main reason why most of us sold part of what he are holding is because of fear, as a matured man this is my first time living with this kind of situation where you cannot go outside, there will be no income and the only thing we need is our necessities but it does not come for free so we need the money. If it happens that crypto is spendable during these then we could have spent it before the price crashes.
We cannot avoid the emergency situations like this, even if one in your family gets hospitalized you will need a money to support them and it goes same as our situation right now.

The market is pretty well right now, in my opinion, prices are not that high so we can invest as much as we want until the price starts to run upwards.

If you haven't already hedged half your portfolio in preparation you're simply not doing it right!

And that's all I can say