Topic: Where will we stand at the end of pandemic? - page 4. (Read 431 times)
One thing is certain, at the end of this pandemic Bitcoin will be held by stronger hands.
As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.
Kindly share your suggestions
Kindly share your suggestions
I cannot say that we can get those things since it depends on the changes of things since for sure the other companies will adopt the digital scene and I see so any of them in my country right now. But this assumptions will came true if we will have a good introduction or advertisement from this industry since if bitcoins will introduced well to the newbies and make them understand on how it works on other ventures for sure we will get the adoption we wanted.
Usually I'd agree but the volatility is going to rise over the years anyhow.
What I meant was I don't think we'll get a collapse that dramatic again from anything relating to the current situation. It could easily decline back to that price level over time due to boredom, indifference or everyone being broke but not a monstrous plunge.
There'll be no shortage of future dramas but this particular one has already bitten as hard as it can.
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I don't believe we'll get any further price shocks like the fall back into the $3000s. That is a one time freak out that only comes along very occasionally.
Usually I'd agree but the volatility is going to rise over the years anyhow. I would hope any upset would not come via this virus event but in finance terms we are in a declining situation, it will mean alternatives to the previous reliable standards will start to become more important. People speculate that would include BTC and that might be true but we are going to see both deflation and also very likely inflation result as we have introduced so much new money at the same time as GDP falls; when that eventually circulates we'll have a monetary base with consistency of quicksand to build on and upset is very likely forthcoming from this irregularity. Its so unpredictable that even 3k might happen, usually people point to much higher prices but I imagine both are possible if its a proper richter scale movement.
If the situation gets worsen, I don't think new investors would show up in crypto market, because investments will not become the priority during health and economic crisis. Instead, people will invest to things that could provide them basic necessities to survive like food agriculture, livestock, and water (I'm thinking about the worst of worst of this situation). Not to mention, during lockdowns and community quarantines, majority of the workers will have their jobs halted for a period of time, and businesses will be closed down. Thus, depriving them to earn their regular income. So, how do you think these people get their money from to invest in cryptocurrency?
A lot of people are saying that Bitcoin was born during a recession and then somehow they connected it for being some kind of safe haven during these kind of times, their statement making it stronger is this time where Butcoin quickly recovered after a sharp drop to 4,800$ the problem is this wasn't a real test on how Bitcoin will stand when we face the real economic problem this pandemic will bring. I know jobs will be cut and a lot of businesses will shut their operations and will inevitably affect all kinds of assets including crypto.
We haven't really started to eat the financial pain it's created yet. A lot of economies are still in suspended animation. When they start to thaw out it might get ugly. No one is going to switch to a highly speculative instrument if their day to day necessities prove hard to pay for.
But the people at the top are who we should be keeping an eye on. They're the ones who'll lead future price action as they warm to the idea. As it stands it looks like governments have signalled they're willing to do anything to keep the party going so perhaps in the long run this whole thing will be seen as a temporary blip.
I don't believe we'll get any further price shocks like the fall back into the $3000s. That is a one time freak out that only comes along very occasionally.
But the people at the top are who we should be keeping an eye on. They're the ones who'll lead future price action as they warm to the idea. As it stands it looks like governments have signalled they're willing to do anything to keep the party going so perhaps in the long run this whole thing will be seen as a temporary blip.
I don't believe we'll get any further price shocks like the fall back into the $3000s. That is a one time freak out that only comes along very occasionally.
As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.
Kindly share your suggestions
Kindly share your suggestions
No one knows exactly on what would happen next when it comes to investment talks yet people do have their own will if they would switch up another field or simply cash out of their investment for them to survive if this pandemic situation becomes even more worst or still cant be solved out in upcoming months or even years to come.We cant even sure if people will switch up from traditional investments to crypto.
We might be seeing that crypto market hasnt been affected much on the current global economic situation but it doesnt mean that we wont see any correlation of price movements soon.
For now, lets not hope for that matter because everything would come in line on a specific period of time.
If you ask me the only reason the pandemic crisis/recession hasn't crushed down BTC price is the halvening. My theory is that since we have now less BTC inflation because of block rewards being 100% less made the price resist the crisis and now we are bouncing between 9k-10k. People complain that the halvening hasn't made price movement in 2 months which is quite unusual compared to past halvenings but they don't seem to grasp that this halvening is potentially just counter balancing the dump provoked by the pandemic (people need money during crisis, it's logic to sell some or all their BTC holdings when a lot lost their jobs etc..) So in theory at the end of pandemic we can see more demand and potentially a rise in price but if you ask me buying at 9k-10k is risky at the moment as 9k level is being tested regularly these past few days more than 10k.
You mean new money coming in from new investors.
Continue to buy and hold.
where will we find ourself at the end of pandemic?
This depends on you. If you look to the pandemic as the end of your crypto investing journey, that's not how you handle things. But we can still see the same thing even as this pandemic ends, we'll continue to invest.Continue to buy and hold.
As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.
Kindly share your suggestions
Kindly share your suggestions
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