What effect would covid-19 have on bitcoin halving as it approaches ? - page 2.

peter0425

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Quote from: palle11 on March 28, 2020, 12:49:11 PM

What impact do you now expect with halving coming soon as covid-19 is still ravaging the world ? The times are near, the halving is around May and we have barely one month plus while the world is still battling with covid-19 that is taking hundred of lives daily worldwide.
IMO , I think we might not feel the spike until 2021.

Well not unless we beat Convid-19 right?this is the main reason why the economy of the world is still in Bad shape.

but if we can take this down in just a month or two from now?for sure the Crypto market will react Good in the effect of Bitcoin Halving though it may be late this year or the next but still will have impact.

TheAndy500

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Quote from: palle11 on March 30, 2020, 05:35:42 AM

Quote from: crwth on March 30, 2020, 04:36:54 AM

Since technically, the blockchain is running on its own and possibly can be debugged remotely, it isn't affected by much. It's just that people started needing more money so some are cashing out and converting their BTC. We may see it or we won't as long as you have a long term vision with it, I think we are safe.

The point is market forces cause price to grow, spike and bull from there upwards and that market forces is demand. Therefore, if there are no demand or high demand during the halving and through out many months in this year because either people are cashing out to buy food and take care of themselves and family, demand won't rise not until things starts getting settled again.

Unfortunately, but nobody knows how long the coronavirus crisis will last. That is why people think more about saving money for the most necessary things, and not about investing.
If the situation is controlled by May, it is not known how much the global economy will suffer, so also it is not known how long economical crisis will last.
It is also possible that investors who run away from classic stock exchanges decide to invest in cryptocurrencies, then it could turn out to be a very good moment for the price of Bitcoin.
We still do not have enough information to assess it well.

palle11

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Quote from: crwth on March 30, 2020, 04:36:54 AM

Since technically, the blockchain is running on its own and possibly can be debugged remotely, it isn't affected by much. It's just that people started needing more money so some are cashing out and converting their BTC. We may see it or we won't as long as you have a long term vision with it, I think we are safe.

The point is market forces cause price to grow, spike and bull from there upwards and that market forces is demand. Therefore, if there are no demand or high demand during the halving and through out many months in this year because either people are cashing out to buy food and take care of themselves and family, demand won't rise not until things starts getting settled again.

TheAndy500

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Quote from: palle11 on March 28, 2020, 12:49:11 PM

What impact do you now expect with halving coming soon as covid-19 is still ravaging the world ? The times are near, the halving is around May and we have barely one month plus while the world is still battling with covid-19 that is taking hundred of lives daily worldwide.
IMO , I think we might not feel the spike until 2021.

Despite the fact that at this moment we think that with each new day the situation associated with coronavirus is getting worse, I think that by May the situation will calm down and certainly improve. When we look at the Bitcoin price chart after previous halvings, we see that large increases start after a few months after halving event, so this time it will most likely be this same.
Regardless of how big the economic consequences will be after the virus crisis, we can expect price increases on the cryptocurrency market at the end of the year or in 2021.

crwth

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Since technically, the blockchain is running on its own and possibly can be debugged remotely, it isn't affected by much. It's just that people started needing more money so some are cashing out and converting their BTC. We may see it or we won't as long as you have a long term vision with it, I think we are safe.

gweedo

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If there is no effect from Corona Virus then I think Bitcoin can go up to $ 15000 when halving occurs. But unfortunately, the virus has made the situation worse. And I'm not sure how bitcoin will move in the near term because halving is no longer important to this market and investors.

patz22

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Quote from: Lagduf on March 29, 2020, 05:48:17 AM

Quote from: patz22 on March 28, 2020, 10:35:34 PM

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The impact that will be caused by the pandemic will make halving will not give even a small impact on the market but there will be always possibility. We are very close to the halving but bitcoin doesn't show a small sign about the possibility for the market to increase again. This looks bad enough but we will see.

I still believe that if the virus didn't take over the world I believe that crypto space will boom as we move along on this BTC halving and yes, I totally agree that once this is over there is still a chance in the long term to see improvement on the market.

Oceat

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There's nothing much to worry if the halving is happening this May since the bullish effect will take some time before we finally got to see the bull market. It's better to see such dip in the near future because that only means Bitcoin is starting to get bullish and I think what we have experienced right now is just a traders movement. Luckily, we have a strong support that it holds the $6k level but that's just not enough we are still in a bearish trend.

suryapro

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The impact of Covid-19 on the world economy was enormous. because the economy is not going well, exports and imports are prohibited. resulting in a decrease in prices everywhere. because everyone withdraws their assets to be used to buy basic needs as important needs. because of this large withdrawal, prices in crypto money have decreased.

hirngespenst

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Covid-19 is not going to end very soon, rather I have read in the newspaper that Specialist predicted about Coronavirus that it will stay till June! So, you see thousands are people are dying every day, the number is not decreasing rather it's growing. So, Bitcoin halving hype is gone, people's interest also gone! So, the halving day will be as normal as now! So, I agree with you that we will not see another spike before 2021!

nutriagrigia

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I also think that halving will not affect the price this year. The influence of the coronavirus and the current economic crisis is much higher than the news of halving in May. people don’t care about it now.

ballerin and giroud

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Quote from: palle11 on March 28, 2020, 12:49:11 PM

What impact do you now expect with halving coming soon as covid-19 is still ravaging the world ? The times are near, the halving is around May and we have barely one month plus while the world is still battling with covid-19 that is taking hundred of lives daily worldwide.
IMO , I think we might not feel the spike until 2021.

If most country decides to lockdown then most likely bitcoin halving event will not give much to bitcoin price and altcoins price. Unless if the corona virus has gone away and there is medicine who can be heal for those people who infected then I'm sure bitcoin market will going to increase. Most people now only focus to collect money fiat as much as possible, because they will be stay at home in an undetermined period of time. So, if you are bitcoin investor and has bought bitcoin then you will be good to keep hold them in your wallet. Your effort will be pay much when bitcoin price start to increase and I believe that will happen for sure.

meldrio1

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If there is no pandemic anymore in the bitcoin halving for sure it will increase the market but if still pandemic in this world, I don't know if the market can increase in the halving, well I guess bitcoin is still struggling to increase maybe we can see the drop price, hopefully not.

Lagduf

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Quote from: patz22 on March 28, 2020, 10:35:34 PM

Yes, I totally agree, well the halving might not affect that much if we are expecting BTC to go up including alts since this virus will last long and cases are still going up around the world, IF we recover until the end of this year, we might see the effect of it by next year or two.

The impact that will be caused by the pandemic will make halving will not give even a small impact on the market but there will be always possibility. We are very close to the halving but bitcoin doesn't show a small sign about the possibility for the market to increase again. This looks bad enough but we will see.

tabas

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Nice that you have said the year 2021.
I'm pushing my feelings up to that year as there's nothing much to expect for this year for me. There is something to expect because of halving but the rapid effect of it might be seen by 2021.

Rodeo02

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Quote from: palle11 on March 28, 2020, 12:49:11 PM

What impact do you now expect with halving coming soon as covid-19 is still ravaging the world ? The times are near, the halving is around May and we have barely one month plus while the world is still battling with covid-19 that is taking hundred of lives daily worldwide.
IMO , I think we might not feel the spike until 2021.

We can only feel it after the crisis we have in corona already gone any where in the world.

the count of those infected still increasing day by day i dont think we are in peak of infected by now . This is just a start and there is possiblity that it might increase to million infected by the next more month.

It's not a problem that bitcoin prices are slowing to increase or bull will not happen this yead . The biggest problem right now is a virus that is spreading all over the world .

Magkirap

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Quote from: patz22 on March 28, 2020, 10:35:34 PM

Yes, I totally agree, well the halving might not affect that much if we are expecting BTC to go up including alts since this virus will last long and cases are still going up around the world, IF we recover until the end of this year, we might see the effect of it by next year or two.

In my perspective, i see that the effect of the halving to market will take long to be seen, maybe 1 up to 1 and a half years from now because of the continuous spread of the virus and the growing numbers of confirmed case, even if we defeat the virus later this year, the damage it has given to lots of countries will not be solved for quite some time so the market will not going to back to normal for months. We are indeed in a rough road now and we need to stay strong and cooperate so that soon things will go back to the way it is soon.

patz22

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Yes, I totally agree, well the halving might not affect that much if we are expecting BTC to go up including alts since this virus will last long and cases are still going up around the world, IF we recover until the end of this year, we might see the effect of it by next year or two.

palle11

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What impact do you now expect with halving coming soon as covid-19 is still ravaging the world ? The times are near, the halving is around May and we have barely one month plus while the world is still battling with covid-19 that is taking hundred of lives daily worldwide.
IMO , I think we might not feel the spike until 2021.

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