Topic: Will the cure of COVID or CBDC BOOST BITCOINs price this year 2020 (Read 643 times)

How do you mean by that? You sounded so self contradictory there. What has even kept Bitcoin price this down so far without it flying out of control is this stupid pandemic. Wait till a vaccine is found for Coronavirus and watch how price will spike. Come on, have you been watching how other things have crumbled during this pandemic but the price of Bitcoin has continued to soar? I believe this is the moment many people have come to realize that Bitcoin isn't going anywhere. It has put a stop to the whole "Bitcoin is a bubble" propaganda.

Could you please explain how can you be so sure and based and what you make such conclusions? How exactly are vaccine and Bitcoin price directly connected?
Yes, if the cure or vaccine will be found that might influence on improvement of situation in our sometimes, opening of economy and general feeling of improved safety among people who could get to normal lives but it yet remains to see how and if that would influence crypto market and Bitcoin price.

Absolutely! if we should get a vaccine or cure for COVID 19 we are definitely going to see a rise in the price of bitcoin. Once the economy starts to kick back in, investors are definitely going to pour funds into all form of assets such as commodities, stocks, cryptocurrencies etc. This is the best time to buy bitcoins awaiting the price increase after this COVID 19.

In a way yes, the corona-virus pandemic has put virtually everything on a stand still, when there is a universally known cure to the virus, definitely,  as the lockdown has ease by several countries the economic activities have began to pick up slowly, although many other companies and business are still not in operation while some are partially operating, but once all the economic branches are fully operating again like before, then yes, btc and other investment will have a boost.

I agree.There is no linkage between the Bitcoin price and Coronavirus.At the beginning of the Coronavirus outbreak, due to people's ignorance and panic, it may have a certain impact on Bitcoin, but this is only a short-term impact rather than a long-term one.

Definitely, cure or vaccine will give a different boost in the economy around the globe. And that will also have a positive impact on crypto esp bitcoin. Because of this pandemic, I am guessing a lot of people have looked into crypto, and that after this crisis, some of them will be converted as crypto users. With more demand, it means it will have certain effect on the market's price.

The cure covid-19 will not only boost BITCOIN but also each and every currency and economy in world.The world is at halt no income or revenue for the government.Countries like america are facing economic issues which sums up the current situation of the world.Vaccine of Covid-19 means life becomes normal gain,opening of the markets and cash flow which will ignite each market of every category.
hope for the best.

I think not, perhaps even on the contrary, the price will fall, as investors will feel the full onset of the crisis.

Whether the price of Bitcoin will fall or not and whether the government will proceed with their creation of central bank digital currencies or not, the most important , which is what we all want now is the cure to Covid-19 pandemic. I can't imagine anyone in their right senses wishing for Coronavirus to continue, everyone wants it to come to an end.

Moreover, the government will not and cannot end decentralized cryptocurrency (Bitcoin), they already made it clear that they can't ban. They have no control over decentralized exchanges. The reason why it seems like they have a say in this community is because most of us here are making use of centralized exchanges like Coinbase, Binance, etc. If Coronavirus ends, I'm very sure that Bitcoin will keep on growing, just like it's doing right now.

It seems like we are co-relating the covid situation out of the way with bitcoin. It has been case throughout the past though, seen many threads which talks about the major event that is happening during the time and then they will connect the dots with bitcoin. There was booming time in 2017 when few countries were making moves with conference to "think" upon the use of BTC^{(Did not even promised its surety)} then also everyone was like this is gonna pump the BTC in next few days. Some countries even published its acceptance, started installing ATM's then also the same case happened. However, to move BTC prices effectively it really needs heavy capital to be added in the cap. Some time back I was discussing the same on halving stuff, then its co-relation with price and now here comes the covid as well. But back in the market BTC is just moving as per the investment being made by peeps around.

Do you have a data that tells all working people in minimum wage are investing with bitcoin? What I notice is we always generalize the idea that a large part of population is into bitcoin which I don't think is right.
Here is what I think will happen if doctors finally found out the cure, we will have a month long curing process plus disinfection, that means half of the people might be able to work at that time but I'm pretty sure it will not be all to be resume probably the essential workers only. After the halving, we will see bitcoin's price at a very low range, pretty decent but it will stay at that range for like 6 to 10 months before having an increase again.

When the vaccine for this virus has finally developed, bitcoin has gone a long journey already. So at that time, I don't think the impact would be significant. However, as the initial reports stated that the drug remdesivir is showing positive outcome as effective treatment for those severely ill patients, this progress will give positive outlook that we will fight this battle.

https://www.latimes.com/science/story/2020-04-10/remdesivir-looks-promising-in-preliminary-coronavirus-trial

And now, btc is already gaining its momentum and with the halving close by, will be exciting moment for all of us what will happen to bitcoin in the market.

Why i think differently about it since if you look on the on the effect of it you will see that the economy is suffering and all people have no work not including with "frontliners" so if no work those medium income people cannot buy bitcoin and if they cannot buy bitcoin then the demand would be lessen so if the demand lessen the price will dump so for this theirs a direct effect with bitcoins also we are dealing on the economy so there's a relation about it since we exchange it with fiat and buy it with fiat.

There is no evidence that the prices of bitcoin in the market coincides with the pandemic and that means that a breakthrough about the corona virus vaccine will not ride the same boat as the fluctuation of price in the market. I can see the angle that you are trying to see, the pandemic affecting people, people can't go to their jobs, businesses can't function without people, with most businesses close economy suffers and then market is affected because economy flow is on halt, cryptocurrencies are part of the market, I get it but it is all just coincidence. But coincidence have been in history for a long time, one good example I could think of is the 1838 novel titled "The Narrative of Arthur Gordon Pym of Nantucket" by Edgar Allan Poe, there is part in the story where a fellow named Richard Parker was eaten by his fellow crewmates because they got shipwrecked and they are going to die of starvation. In 1884, a 17 year old named Richard Parker was killed after the yacht he was on was destroyed on their trip to Australia, he was also killed by the people he was on the yacht with. As you can see it was just a coincidence like what is happening right now but I do not entirely say that all the happenings in cryptocurrency is not affected by the pandemic maybe it is too infinitesimal to mention.

The question is if and when the vaccine and cure for COVI-19 will be developed. To my opinion that will take a while.
However if that happens it will certainly lead to normalitazion of whole situation and economy world wide. That might influence the Bitcoin in positive way too but it can't be told with certainty.
Bitcoin market is complex and influenced by many factors and pandemic doesn't influence it directly, so the development of vaccine will not influence it also.

This pandemic virus has been so dangerous to all people around the world because of its easy transmission, so we are all required to stay at home just to prevent the risk of spreading to different people. The things we should do to help our government to kill this is to follow the things they have said.

This pandemic virus has no relation to the price of bitcoin so I do not think that if this pandemic virus has gone the bitcoin will increase. It is not about that because as of now the bitcoin starts increasing because of bitcoin halving and we know that this virus is still existing, there is no strong vaccine yet that can kill the virus, but let us all pray that there would be someone who will going to create it as soon as possible.

BTC price is a subject of speculations. Anything could boost or dump it

Covid-19 cure or vaccine cannot be easily be provided hence it requires a clinical trials, maybe 6 - 12 months max is expected for a vaccine to be made. Despite with the epidemic, bitcoin surge to $9000 this week and really did a great job surpassing the expectations despite the crisis we are experiencing right now. I believe that this surge is because of bitcoin-halving next month and with that covid-19 cure is taken out of the context regarding the price surge of bitcoin.

COVID-19 can't be eliminated completely.All the countries probably could create a cure and a vaccine against COVID-19,but the virus will continue to exist in the nature and it will continue to infect people.
The CBDC topic has been discussed multiple times before and still there's no evidence that any central bank in the world will successfully create a fully functional digital currency.
China will be too busy with their continuing trade war with the USA.Trump is mad because of the corona pandemic and wants to blame China for the virus.I don't think that China will launch a CBDC anytime soon.

No one has found out the cure for corona virus and just like in past deadliest pandemics, it should take a year or two to create a vaccine, so worry not about that.
The important thing right now, is banks printing a lot of money devaluing their Fiats this should serve as a wake up call for most people that the monetary system is flawed thus leading Bitcoin to become more popular more than ever because it is scarce.

Surely after this crisis people realize that there are mich more better alternatives.