With the recent performance of outlook of the market, it shows clearly that the pandemic might not have much negative effect on the forthcoming bitcoin halving.
Do not be surprised that you will see a lot of people coming in to invest in crypto, most especially by the time they see that the market is growing despite the COVID-19 outbreak. Folks are seriously waiting for the halving. We are already in April and it is now very near. Which means very soon there will be an unprecedented response from the market.
Topic: With Effect On global economy, will Covid 19 affect expected Bitcoin Halving? - page 2. (Read 244 times)
April 05, 2020, 01:16:43 PM
April 05, 2020, 01:12:23 PM
It's already affecting bitcoin, many investors are now dumping their coins to stay alive and I'm sure the same will keep happening right after Halving takes place
April 05, 2020, 01:05:29 PM
With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?
Currently the fear and the panic which has been induced by this pandemic in various markets is still having its unfriendly effects and with no cure forthcoming, it is creating more anxiety which is not good at all for the crypto market. In the case of halving, it might not meet the expectations we are placing on it but it might result to something good. It is humans that are the driving force of the crypto space and now, virtually everyone is affected in one way or the other be it in business etc, so there is divided attention currently which can't be argued; this divided attention is what I think is the problem.
April 05, 2020, 11:00:58 AM
With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?
Ideally, we could have seen an uptrend in bitcoin price already due to the upcoming halving. However, COVID-19 actually messed up all calculations for crypto market as well as for the real world stock market. If we look at the history, you will see bitcoin has gained a good percentage after every halving events that happened in past. You can refer to the below article to know it better,
https://hackernoon.com/will-bitcoin-skyrocket-after-the-2020-halving-like-in-2016-b61c6568debb
But at this current situation, it looks really really hard to see a sustainable uptrend in bitcoin price. Even though speculating, but I don't think we will be able to see a sustained growth before September 2020.
April 05, 2020, 10:55:55 AM
At this time COV-19 have ruined everything, believe me, it won't be big as we all expected, there will always be dumps after the Halving because many will need money, once Bitcoin recovers a little some will not hesitate to sell
April 05, 2020, 10:48:22 AM
The impact that will be given by bitcoin halving event will not so big as it was. I believe there will a lot of differences. The world economy is also playing a big role in the growth of crypto. When it was in the healthy condition and people will not feel doubt to spend their money to buy or invest in crypto. The opposite thing may happen.
April 05, 2020, 09:55:59 AM
With the advent of the Corona Virus otherwise known as Covid 19 global Pandemic, will it impact negatively on the eagerly expected Bitcoin Halving come May 2020? For me I have watched closely, the movement of bitcoin from the bearish to bullish, back and forth. Could it be worse with this pandemic? The covid 19 pandemic has undoubtedly affected global economy and I believe crypto will not be an exception. What's your take?
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