Topic: Virus Bear Market? - page 6. (Read 1786 times)

Whatever government is saying that might be correct, but that doesn't necessarily mean bitcoin is going to keep dropping.  There was an obvious correlation between the outbreak and the slump (in the stock market as well), but I don't think it's going to be prolonged.  In fact bitcoin seems to have stabilized around $6200 for the moment, and the way I see it the "crash" could have been much worse than it actually was.

People are selling all sorts of assets to free up cash, and that's all being done out of fear, but smart investors see times like these as good buying opportunities.  And obviously some folks have indeed been buying bitcoin--if they weren't, I'm pretty sure the price would have dropped much lower.

Yes. It was the virus all along. Sell everything you have.

Economists are saying Stock Markets are due for the crash this year anyway even with or without the Virus as stocks are inflated then entering another economic recession/depression similar to the 2008 crash.

So the question is:

This virus bear market crash does the same job and replaces the inevitable upcoming inflated stock market crash meaning there wont be 2 separate crashes?

BTC was designed by a Japanese mathematician Satoshi as a tool to protect us from crashes like this so the question is why a tool like BTC is Syncing to the stock market and how do we Stop syncing with the stock market and become a independent asset like a asset it meant to be like Satoshi has originally intended it to be in the beginning? Btc is decentralised so whats up with BTC syncing to other markets worldwide like a chain where fiat paper money is at the top of the chain?

Even Altcoins Sync to BTC which is understandable because most trading pairs in BTC but BTC syncing to the stock market is crazy.

When do you guys think the bleeding will stop in the stock markets?

btc halving will increase demand of btc , but people now as no jobs due to lockdown so there is no money with people or less money , all stock markets are crashed all this to recover it takes almost a year ,after  corona virus is contained

If it does get ugly then are we looking to break the 4K floor or will the 4K floor hold like the last crash couple of weeks ago? If the worse then whats the absolute bottom btc will crash to? 3K or even below that?

Can a virus bear market be more worse than a normal bull run pump and bear dump markets?

The pump to 20k then crash to 3K bear market then slowly recover after couple of years to 13k then stability at 8k then crash to 4K virus bear market.

What patterns can we learn from this? Will a vaccine announcement get us out of this virus bear market? Or is it too late for a vaccine announcement and hence the permanent economic damage has already been done that can take years to recover meaning this virus bear market can last years even though lets say theres a vaccine out and no more people will get the virus.

BTC will always Sync to to the Stock Market? That means BTC can only un-sync from stock market if the masses buy BTC to hedge their fiat wealth?

Economists are saying Stock Markets are due for the crash this year anyway even with or without the Virus as stocks are inflated then entering another economic recession/depression similar to the 2008 crash.

Anyone disagree?

I don’t believe that this virus is going to stay till next year if we do the right thing that we are supposed to do. It will only stay for long if we don’t do the right things that we are meant to do, like quarantining those that are infected and staying indoors to protect ourselves ; we are doing these things already and I believe that soon this covid-19 will be over. I strongly believe that bitcoin is not going to fall again.

But in a situation where this continues, it might affect bitcoin and every other cryptocurrency – reason being that a lot of people will be selling their assets and converting to fiat to be able to handle their responsibilities and other things that they are meant to be.

So this virus bear market will last 18 months at the earliest?

Countries around the world are shutting down everything and locking down everyone resulting in economies shutting down except basic markets that are needed for survival such as food and medicine markets as well minimalist key services like for example hospitals to keep the country running in minimalist mode, similar to windows safe mode I guess.

When exiting safe mode in windows and rebooting everything is back to normal however this minimalist mode imposed on countries will not bring countries worldwide back to normal when this is over because there will be permanent damage such as huge unemployment figures, all businesses shutting down as they cant recover from this except mega rich corporations that can easily recover from this. So this is depression and might take years or a decade?

What I dont understand is governments saying they going to cover wages by borrowing $trillions in cash from the treasuries and central banks. When the government send these monthly wage cheques to the masses then what will the masses buy with that cheque handout? Just food and medicine and bills? Will the masses buy bitcoin with those cheque handouts?

Also when theres unemployment then theres no income tax going to governments so how governments will still run minimalist services with no taxpayers money? More borrowing and wont that result in hyper inflation? Also what happens if governments cant pay back the loans to private treasuries and central banks?

Lastly what if there is a Covid-20 new strain of the virus coming back next year season? That means vaccines means are useless as they are outdated right?

Finally the chineses markets look like they are recovering, Okay lets say chinese are not revealing true figures and let the country go back to running normal then people are mixing with each other that should result huge spikes in new cases in the millions I guess but chinese economy and markets look normal? How does this work?

I really wonder if this complete shut downs in nations could actually work out for the better for some reason. I know that it makes no sense, economy has to keep moving forward at all times in order to improve, however people are left with money in their hands and nothing to spend on but crucial stuff in their homes without spending much, which means sure the companies will get worse and worse but the people wouldn't be spending excess useless amounts so they might actually end up saving money?

Most people started to work from home, so the business world is not going to stop completely, they will keep on paying staff, so that staff who stays at home, only buys food and needed stuff, will maybe save some money while companies go down? That way we could basically close the gap?

People have been paying 50-70% premiums for physical silver: https://realmoney.thestreet.com/investing/there-s-another-interesting-situation-playing-out-in-the-silver-markets-15275139

I have not seen any "force majeure" threats in silver futures like we are seeing in COMEX gold futures but I wouldn't rule it out in the future. The production shutdowns are affecting physical gold and silver supplies the same exact way. If this continues for months on end, the markets could diverge and price discovery could break down.

Like I said, I think this is temporary and things will return to normal, but it's good to keep these possibilities in mind.

trump is hoping to get back to normal by easter. good luck to him!

re a vaccine:


about that:

Is the western governments planning to hype this virus pandemic for 3 months or 6 months or even into 2021 or when do you think the vaccine will be announced or will vaccine announcement will be too late now for the dying economy?

During those time periods above, what do you guys will predict the absolute support lows btc will hit this year and the resistance lines btc will need to break through to get out of this virus bear market?

Lastly the BTC halving in may 2020 means nothing now right?

Finally the chinese government reported 0 new cases for covid-19 and their economy has gotten out of the bear market and their country returning back to normal now, are the chinese still buying bitcoin now?

It is true that the cause of the decline in the price of bitcoin last week to under $ 4000 was due to the corona virus. So is the cause of
the economic crisis experienced by all countries in the world due to corona virus too. Because the whole world is panicking with panic with
the spread of the corona virus so quickly.But bitcoin has now begun to recover, seen prices rise. And for halving that will happen in May
I don't think it will give too much effect on the price of bitcoin, the possibility of bitcoin prices will be pushed a little. Because all  people
are still focused on corona virus.

Is silver affected too by the deliveries?

IMO, markets-wise, this is purely an emotional response, which resulted in complete over-selling. Yes, there is most definitely a market impact with this (especially considering how many businesses are shut down). The economy will definitely be impacted. But stocks are >40% down, + Bitcoin took a huge hit.

I honestly don't think that the damage is enough to substantiate the losses. I think that once some good news comes along; and once recoveries are being made / the curve begins to flatten, you're going to see Bitcoin and the stock market recover.

Just my $0.02

That can not be determined at the time of this pandemic happening all over the world whether this halving in May will bring real bullrun? There are still many who doubt it because of poor economic conditions so many do not believe that bitcoin will experience recovery in May.
But I see that bitcoin is rising slightly, meaning that it is not in the opposite direction because bitcoin will continue to advance according to what is requested in the market.
Some crypto was used at the time of this pandemic.

first where have you been?when people are dying but you are busy for something?sad that you are not aware of the sudden market collapse.
almost like that because peopel are afraid of the continues drop so they sell our and the effect?this bear market.
nothing is certain,Governments are just giving estimated time but the truth nothing knows when are how this will be beaten.
again nothing is certain so lets wait till it happens just continue holding.
because the whole world economy is crashing so what can you expect?like you when the country you residing dont accept bitcoin for transaction wouldn't you withdraw your Crypto converting to fiat?so there are money to spend in this crisis?

It may have been a response to the 2008 bailouts, but that doesn't automatically make it a safe haven. It's still mostly a niche currency.


In 2008 gold crashed 34% vs. 58% in the S&P 500 index. It recovered sooner and didn't fall as hard, but it was still brutal.

Interesting happenings in the gold market lately. COMEX is unable to fulfill physical gold obligations and there is a considerable premium developing in the physical spot market over futures. I suspect this is a temporary condition, but gold bugs are foaming at the mouth, thinking this is the apocalyptic event that renders paper gold worthless and physical gold invaluable.
https://twitter.com/roysebag/status/1242577788957339651

Whats the absolute bottom BTC will hit this year that you guys predict and when you guys think WHO will announce a vaccine?

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Wasn't Bitcoin born from the 2008 recession economic crash invented by the Japanese mathematician Satoshi to save us from economic crashes like these so why you think BTC is not a safe haven place?

Gold will always be a winner in any economic calamity?   

[moderator's note: consecutive posts merged]

People who mostly hold bitcoin got panic which made them sold at the same time and that made the market of bitcoin to crash. If the chart says about new lows, I think we've met the all-time low for this year.

And if it's likely to stay for another year, we're safe from it and you only have to do is either buy or hold.

Are there an information that gold was fall as well?

A few days ago, I took my saving gold to gold shop I have intention to sold them and I will buy a land.

But you know what, the gold price was fall as well and I decided to discouraged to sold them, which is mean the recession will heat every economic instrument.

Other than that, this situation has made me aware that bitcoin is not a safe haven place, we have considered it before this crash came and we were considering that bitcoin is safe haven place. Bitcoin is more like stock, that you still have a fretfulness when holding it.