Topic: Will Bitcoin fall bellow 3000$ and Gold price will increase? (Read 902 times)
You can also view it the other way round, the gold is inert and not changing. When they expand the monetary base by 2 trillion or however much recently then the price of gold adjusts to the greater supply vs its own regular supply and demand.
Can't say about Gold as it's completely getting out of my mind how the hell is this asset growing in price amidst global market falldown. But I believe that BTC may surely fall below $3k to make a new low and will start showing big green candles immediately afterwards.
The reason for the price of gold is moving higher is because people view it as a store of value and so is the reason the price always move higher during a war situation or during economic crisis, the stock markets will fall when there is a economic slowdown and the big time financial investors will start investing in the golden metal during that period and hence the rally. when it comes to bitcoin we might see a drop in price once again before the big rally but the timing of the rally depends upon the global economic condition.
Bitcoin dropped to $ 3000? impossible...
TA from senior members here is very good, like this account https://bitcointalksearch.org/user/exstasie-154539 can you make as a reference. regarding gold, I don't really know for sure because I didn't follow the development of the price of gold.
TA from senior members here is very good, like this account https://bitcointalksearch.org/user/exstasie-154539 can you make as a reference. regarding gold, I don't really know for sure because I didn't follow the development of the price of gold.
To that sell their cryptocurrencies last month when the covid19 hit hard on the market soldout of fear and panic. It is going to be hard seeing bitcoin below 3000 dollars. The way things are now bitcoin might not get below $5000 again this year as people have started understanding that bitcoin is the only assets that you have 100% control on.
Bitcoin did not fall to 3000$ so it means maybe in future it will but of course market will tell us soon.
Gold seems not doing better either because of the market situation now so nothing happening in both questions.
if you provide education about Bitcoin, don't give bullshit news like you say.
He addresses those willing to HOLD and not traders mate ,because this is the best way to invest to Hold for long term until the Virus ends.
Gold seems not doing better either because of the market situation now so nothing happening in both questions.
~snip~ipbitcoin is best for it that's why even at this situation bitcoin is the most beneficial investment for people.
how can you say Bitcoin is the most profitable investment? are you not aware that out there are still many who suffer losses. Bitcoin trading has a high risk, not everyone can profit from it.if you provide education about Bitcoin, don't give bullshit news like you say.
and not just stocks, crypto currencies are also experiencing the same thing as the stock market, whereas crypto currencies should be a valuable asset in in the middle of a corona virus pandemic, but what we're seeing is not what we imagined
As for cryptocurrency, it is fear and panic that is making people to stay mute from investing or they don't have money for investment. When there is no investment, then price don't appreciate. That is the situation with cryptocurrency especially because it is not regulated.
i dont think people are looking for investments especially when on diffcult times like this because can they carry thier investments with them when die ? sorry to use the word die but this is the reality that is happening right now .
also its hard to find a market that will accept these kind of investments since most markets are still close or will be closing but btc is still easier to market but then again only few people right now are investing althought the value of btc already recovered a little and i think it will now be stable at this point .
also its hard to find a market that will accept these kind of investments since most markets are still close or will be closing but btc is still easier to market but then again only few people right now are investing althought the value of btc already recovered a little and i think it will now be stable at this point .
people who have enough money they will invest because they need to earn or they don't want to loss money so they might choose gold or BTC since they give them hope that their money value will stay the same.
Gold price increased, that was one part of the question that nobody really considered to be important. Sure, bitcoin didn't go under 3k, it never really had a chance to go under 3k, look at even the lowest point of this year, we had 3.6k and that was probably just a couple hours long thing and not a long time thing, when looking back in the future we will say that 2020 lowest point was 3.6k for technical reasons but honestly 5k was the real lowest, because we dropped under 5k for couple hours but never really stayed under 5k for 24 hours straight so we can't really say that was a thing of importance.
Regardless of that we can say that gold was very important and still is important to people who want store of value so it dropped a bit first but now recovering.
Regardless of that we can say that gold was very important and still is important to people who want store of value so it dropped a bit first but now recovering.
I saw in the news when china was in isolation people were selling other asset and buying gold and I think people believe gold will stay stable more than BTC and even now I can't really tell if BTC stable and maybe it didn't go 3k that time but no one know it won't go chance is really high that BTC will go below 3k.
Can't say about Gold as it's completely getting out of my mind how the hell is this asset growing in price amidst global market falldown. But I believe that BTC may surely fall below $3k to make a new low and will start showing big green candles immediately afterwards. I'm not sure about the time because the candles are still showing some positive signs but this is looking like a trap to get shorters out, and when they become longs, the exchanges will short and liquidate almost all their positions till they give us a fresh new low. I'd warn you to wait and watch till it gets even lower if you're planning on getting a leveraged position.
Gold is spiking like a rocket, and crypto is not so good as expected because the two asset are scarce... Currently most of the Investors are moving their capitals only in these two assets BTC and gold.
Also I am sure BTC will not go down across to the recent market situation, it looks like from now it will slowly go up as halving is about to happen in a month. But all this will depend on the overall health of the global economy..
the price of gold really goes up, it's just that the increase isn't so high. however, I feel that the decline in the price of bitcoin has nothing to do with gold. other than that, the decline in the price of bitcoin from $ 9k to $ 5k doesn't really affect gold I think.
so far, I don't feel that the price of bitcoin will reach $ 3k. besides, if people exchange bitcoin, they could also exchange gold, and the price could fall.
so far, I don't feel that the price of bitcoin will reach $ 3k. besides, if people exchange bitcoin, they could also exchange gold, and the price could fall.
Can't say about Gold as it's completely getting out of my mind how the hell is this asset growing in price amidst global market falldown. But I believe that BTC may surely fall below $3k to make a new low and will start showing big green candles immediately afterwards. I'm not sure about the time because the candles are still showing some positive signs but this is looking like a trap to get shorters out, and when they become longs, the exchanges will short and liquidate almost all their positions till they give us a fresh new low. I'd warn you to wait and watch till it gets even lower if you're planning on getting a leveraged position.
If only I have a lot of cash in my bunker right now ... I'll just exchange every single penny into bitcoin with the current $6k rates!
That's rare and I could say people would realize soon that the real valuable asset isn't gold anymore once they figured out it's a bubble over there and moving into crypto as a safe haven.
Believe it or not.
Well, I'm believer you can't really blame me for saying that aren't you?
Can't say about Gold as it's completely getting out of my mind how the hell is this asset growing in price amidst global market falldown. But I believe that BTC may surely fall below $3k to make a new low and will start showing big green candles immediately afterwards. I'm not sure about the time because the candles are still showing some positive signs but this is looking like a trap to get shorters out, and when they become longs, the exchanges will short and liquidate almost all their positions till they give us a fresh new low. I'd warn you to wait and watch till it gets even lower if you're planning on getting a leveraged position.
The population of the earth will increase this year, I wont call this virus in any way minor but its not going to change the course of history in a gigantic way. Gold will eventually rise but it takes decades in its strides and many people speculate on it short term but price varying but its true trend is set beyond the influence of our markets and small observations day to day.
BTC also inverse to the dollar and subject to no stimulus printing is on a similar course to which it was set a decade ago, its cutting edge and alot wider in variation but its likely to rise also as dollar becomes worth less.
BTC also inverse to the dollar and subject to no stimulus printing is on a similar course to which it was set a decade ago, its cutting edge and alot wider in variation but its likely to rise also as dollar becomes worth less.
~snip~ipbitcoin is best for it that's why even at this situation bitcoin is the most beneficial investment for people.
how can you say Bitcoin is the most profitable investment? are you not aware that out there are still many who suffer losses. Bitcoin trading has a high risk, not everyone can profit from it.if you provide education about Bitcoin, don't give bullshit news like you say.
the current price of gold has gone up, everything has turned to gold, and stocks have been affected by the most declines in history, and not just stocks, crypto currencies are also experiencing the same thing as the stock market, whereas crypto currencies should be a valuable asset in in the middle of a corona virus pandemic, but what we're seeing is not what we imagined
Well gold is a good store of value but not everyone would invest with gold, so its likely that they will also consider bitcoin or crypto as a good investment.
I'm predicting that both will increase in value due to this crisis, with the number of days we are quarantine, there's already a big effect on the business world and no way the stocks would rise at this time, so people will be looking for a stronger investment, and that's both gold and crypto IMO.
I'm predicting that both will increase in value due to this crisis, with the number of days we are quarantine, there's already a big effect on the business world and no way the stocks would rise at this time, so people will be looking for a stronger investment, and that's both gold and crypto IMO.
i dont think people are looking for investments especially when on diffcult times like this because can they carry thier investments with them when die ? sorry to use the word die but this is the reality that is happening right now .
also its hard to find a market that will accept these kind of investments since most markets are still close or will be closing but btc is still easier to market but then again only few people right now are investing althought the value of btc already recovered a little and i think it will now be stable at this point .
also its hard to find a market that will accept these kind of investments since most markets are still close or will be closing but btc is still easier to market but then again only few people right now are investing althought the value of btc already recovered a little and i think it will now be stable at this point .
Gold price increased, that was one part of the question that nobody really considered to be important. Sure, bitcoin didn't go under 3k, it never really had a chance to go under 3k, look at even the lowest point of this year, we had 3.6k and that was probably just a couple hours long thing and not a long time thing, when looking back in the future we will say that 2020 lowest point was 3.6k for technical reasons but honestly 5k was the real lowest, because we dropped under 5k for couple hours but never really stayed under 5k for 24 hours straight so we can't really say that was a thing of importance.
Regardless of that we can say that gold was very important and still is important to people who want store of value so it dropped a bit first but now recovering.
Regardless of that we can say that gold was very important and still is important to people who want store of value so it dropped a bit first but now recovering.
To date, the situation is stalemate, I think that we can go to a local resistance level of ~ 7200, but there are no forces to overcome this level.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.
Stalemate is a sign of a bear market. The price go to "hibernation", hence the term "cryptowinter". If the price keeps going sideways, its just a matter of time before it plunges again.
Next stop is around $4k, and it will go down suddenly, since the market is manipulated. The whales only need some news about another virus coming. China is also on the brink of a civil war. If the conflict escalates, this might affect bitcoin in a unpredictable way. If it goes down, expect $2k, and if up, then the price will shot to $14k due to new demand. This will depend on how much compromised the chinese mining companies could be.
To date, the situation is stalemate, I think that we can go to a local resistance level of ~ 7200, but there are no forces to overcome this level.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.
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