Bitcoin Forum

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth (https://www.coincurb.com/news/as-markets-fall-stablecoins-boom/) in the stablecoin demand.

Stablecoin used to purchase crypto on the country it is available for you. Check out Binance, there are too many fiat gateway already that they supported aside from these stablecoins and Id see that this is a good move. It is now the best time to buy as much as possible, these crypto are now at bargain and since last night Ive seen its grow now even the economy is at stage of crisis. Dont know the reason, yet as corona virus still at work.

So probably people or country are now looking on possible hedge on crypto with its accessibility.

There are those who argue that this is the time to secure assets, there are also those who choose to buy more. Stablecoin is the same as Fiat only its shape is made digital but its value will not increase like crypto, you can use stablecoin to trade in exchange buy crypto.

I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.

This is a DISCOUNTED phase of BTC

Agreed. Some people mindset is difference from other. More or less if they are going to buy more stocks of btc then they can be ripping profits when the time comes. But if they just decided to sell of due to tragic loss then it will be meaningless but unless they needed the money due to crisis.

No one knows but if you just hold it without any worry then its much safer, and will not result to more losses.

Firstly Bitcoin falled from 9000+ not 8000, I used my USDT to buy Bitcoin back at 9000+ because I thought it's not coming down, I never thought that Coronavirus can affect crypto, my mistake, many are Opting out to stable coin to cut loses that's why stable coin is the best option right now

If at a time like this is used well then I think it will be profitable, like yesterday bitcoin fell to $ 5,000 and now bullrun comes with 24 hours bitcoin growing at $ 1000 is it unprofitable?
Well of course at this time many people are fortunate because of their success in buying coins at low prices and now they sell them, maybe trading in the short term will be even more profitable.

It's called stopping lose, this is what USDT and other stable coins are good for so yes it's a good move to safe you from loses, if you are into crypto for long term I suggest you hold USDT because once in a while opportunities like this will always come

The bulls will come again, and it's only a matter of time. We need to be patient and don't panic if the market decline again. The market now still trying to break the higher price although it seems difficult to do. And we still need to be careful because no one will know how long the market will stay at a price now. If you want to safe your money to the stable coin, then you can do that while if the crypto is going down, you will have a chance to buy as many coins as you want because the price is at a low price.

Why USDT? in this time, I think stablecoins are useful for purchasing major altcoins and btc as the market is seems in bad shape. Now that is recovering, might wanna purchase more as the market is going to a huge advanced now.

Bull run comes? This isnt what you called bullish, but just a temporary effect of market trading. A small recovery cant be categorized as bullrun. It seems you are just speculating. Profitable or not, we should act cautiosly here, its not that bitcoin could reach 1k price suddenly.

The price were bitcoin mostly stayed was $9000. I have read a few minutes ago about an analysis but it's not always as it goes and it says that it seems bullish which is likely because we've been bullish so there's no argument with that analysis.
And it's just base on that person's thought and how he read the charts. Moving to a safe capital? it's your choice if you are too worried.

Yes many trader's now always preparing to have USDT to hold not for investing . But in the right time like this happen ,when the price decline faster then this is the right time to use the usdt and buy btc in the bottom this things will give you upto 30% profit easily with that market movement.

There is a demand for stable coin because right before the bearish market took turns, few intellectuals rushed in and got their funds to tether or usdt, so when the market gets bearish, they take turns to buy bitcoin on the low, then convert back to usdt when it moons at a small %.

This drive is good for traders, as they get to retain both their capital and their profits, but you can effect this method, if you dyor and maintain proper practice.

Well, most ppl like stable coins for one reason, and one reason only.
They need a safe harbor to transfer their funds, so they can profit on any dips.

For example, if you went ETH->USDT when ETH was at $250, now you could own double the ETH.

You should to take a look at the market and this time the correlation between bitcoin and the traditional asset is not so strong as you said. Stable coin become the best solution especially for the stable coin that backed by dollar as it keep raising anytime with the bearish trend of the market.

In bearish phase comes with lots and lots of things such as uncertainty, panic, fear etc, while most people might be deep in loss in some coins some might be lucky enough to have moved to stablecoins. Before this bearish phase fully sets in, most people moved to stablecoins and some are still doing so which has resulted to the high demand of it. Also, some who believes in their several coins or holdings still held on as they know the market will recover.  About your question, in my own opinion, I think holding stablecoins is a good call as it will enable you get good coins when the time is right. On the other hand, if someone is holding BTC and is already in loss I do not see any need to sell because once the market corrects, Bitcoin will take the lead.

Bitcoin halving is coming and I think because of this it will be easy for Bitcoin to reach ATH again, that's the reason many are accumulating Bitcoin presently, many top exchanges are filled of Bitcoin buy orders and that's a good thing

in my opinion, now people have started to re-invest in crypto, this is based on the current price of bitcoin and altcoin. maybe one of them is due to the corona virus factor especially the crypto currency does not spread the corona virus is different from the fiat currency which has the potential to transmit the corona virus.

It's always right to ensure the safety of your capital but you should do it when the price has not dump yet, otherwise you'll lose the value when you buy back. Check the market now and you will see its not bearish anymore, there seems to be some good news coming and bitcoin brings the entire market for full recover, with this movement, I would not be surprise that we will be back to $8000 even this month.

in my opinion this is due to the spread of the corona virus which is so troubling for crypto users in the world, so that transactions continue to decline. but when crypto developers took steps to make stablecoin because prices continued to decline, the corona vaccine was discovered and the transaction returned. this is my opinion, but there are also those who think that stablecoin is better so choose to buy it. but for me it will not bring us income in trade or investment, because we only keep it.

The perfect term to use into what are we experiencing right now :D

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When the big drop happened to Bitcoin and the market. I saw the price of Tether went up to $1.08 and this is the first time I saw this. Days after, I saw it again went below $0.95.
If you are thinking right now that this is the right time to exchange your Bitcoins to stablecoins then I think it will be a wrong move. We saw the movement of Bitcoin already this day, its price is around $6600 already. You're too late to safe your capital and trade it into stablecoins.

You can never blame them though. If they need it, then it's go time. It's just that we need to be mindful of those kinds of things.

I am learning this the hard way, you know? I should've just HODL my BTC but I still gambled it, so my loss. Sad.

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I don't think it could easily be translated to that, but in order for the miners to profit, the price needs to rise.

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For SALE BTC. Lol.

this is natural, because the corona virus not only affects cryptocurrency, but also the economy around the world, because its citizens are asked not to engage in activities so that the industry does not work, which means that economic growth has slowed down.
people will start buying when the market starts to improve, and will start taking profits as soon as possible, and then exchange them again for stable coins.

Unfortunately, manipulators can make the cryptocurrency market fall to the bottom in a matter of minutes and therefore you should always watch the cryptocurrency market and when there are big drops, most people immediately transfer their assets to stable coins and this is the right choice.

It is always right to secure your capital during thia bearish market.During this phase,we are uncertain of our invesment,better to make your capital be safe than go dip.Its all a risk,though.

Well, bitcoin is back up? I don't know what we can say about that. Price didn't moved from 8k to 5k, it moved from 8k to under 4k for a while and moved up right after that, we can't just ignore the 3.6k prices just because it was a short lived part of it, we have seen it and it happened, executed many peoples sell orders and buy orders, so it is there and a reality.

However, after that we have peaked today at around 6k which tells us that price moved from 7.5k to above 6k now, not really all that much of a big difference is it? Many people kept saying that bitcoin shouldn't be affected and always said that however some people didn't cared, well they must be caring right now because we are back up again. Soon we will move beyond 7k and 8k and be back where we started and even above.

When it comes to moving capital, i think it should depend on basic variances, why ?
Either you are in a bull run or bearish run; you can basically move capital when you are in profit.

When you say stable coins picked up, i do not really understand, but high demand for stable coin means people converted their crypto currency to tether.
You can do likewise, and always dyor

Purchasing the stable coins also holds the same risk because if the price of fiat money backed by those stable coin fells then investors also literally lose the asset values but for now stable coins seems the best choice compared to all others or just take the risk and buy more this time.

This is the best moment for us to be able to have some bitcoin or other altcoins out there. The value of the coins as of now is much more cheaper than to its price before. You can take advantage into it and try to have some of it and then sell it when the price of it becomes suitable to your own preferences. As long as you know how to hold a coin properly, you will for surely gonna gain profit into it.

Stablecoins are a type of cryptocurrency backed by real assets, so its value is almost unchanged or has a very small change.
Stablecoins are a good choice in times of market volatility. At a time of market volatility, if you are unsure of your decisions, it is best to choose Stablecoin.

It was a great buying opportunity when btc crashed to around 4000 mark, although most of the people were not expecting this crash but i will take it positive as this crash has wiped out a lot of users and now bull cycle will be even better and bigger especially after halving.

If you prefer to stay out of the market for now no one can blame you, the uncertainty that we are facing is a enormous, even if somehow governments around the world can solve the crisis with the corona virus during the next months its effects are probably going to remain for way longer than that especially when it comes to the economy, and I think it is likely the market of cryptocurrencies will suffer a similar fate as investors prefer to stay out of this market out of the fear to see another instantaneous crash like the one we saw a week ago.

Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.

It is a pity that a lot of speculators appeared on the cryptocurrency market. I think that a large capital in a year will keep the price of Bitcoin above $ 20,000. But for the moment, I think we will see a price below 4,500 dollars.

The situation offers a very good long term profit for courageous traders, back then people are wishing that the price will go back to this level but now that the price is on this level people again, people are having second thought of investing because they are now afraid that the price will not go up again only those courageous traders will have the guts to invest and will likely to make a profit.

Agree, the current conditions are good for accumulating coins at lower prices compared to a few weeks ago. The Corono outbreak might be completed in the next few months and I think investor confidence will rise again, this will make crypto prices go up maybe even higher than yesterday's highs

I agree that we don't need to worry about the existence of the cryptocurrency market amid falling prices. The cryptocurrency market in my opinion will last a long time and might be an alternative investment in addition to the stock market or other money. The price of Bitcoin has begun to rebound after previously falling below $ 5,000 and I think this will continue because investors want to look for alternative investments in addition to the types of investments that are already mainstream

It's not a real asset but it used fiat to backed the token and remove all of the volatility and it acts as a digital form of traditional money. To trade using stable coin is the only best way to secure our profit at the same time. It's better to convert our asset into the stable coin when the market is starting to get a slightly decrease To convert it when the market is facing the bulltrend is a wrong decision. Just try to make sure if we are using stable coin wisely based on the trend.

Investing in crypto entails high risk and since we are in a pandemic situation, people are scared what will happen next in crypto. The reason why even the bitcoin price is considerably low, they are still hesitant to spend money buying it. The fear that it might still go down is always there. Only risk takers can embrace the situation and brave enough to shell out their money to buy more bitcoin.

Now, we see bitcoin price finally back to $6,300, and it still increases. We can hope that the price can still go up and break the higher price so we will make a big profit. But bitcoin price still unpredictable until now, and we don't know if the price can be like that for this day and the next day, so we need to be careful. And if we can make a profit in this day, I think it is better to take that profit before it's too late because the price can go to any price without we can predict.

Now, we see bitcoin price finally back to $6,300, and it still increases. We can hope that the price can still go up and break the higher price so we will make a big profit. But bitcoin price still unpredictable until now, and we don't know if the price can be like that for this day and the next day, so we need to be careful. And if we can make a profit in this day, I think it is better to take that profit before it's too late because the price can go to any price without we can predict.
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That's true Bitcoin price still unpredictable, after a deep decline now the price bounce back to $6300. I think the price will rice again there is no reason to sell because we can get a more profit.

It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it

Sure mate, i agree with you. The stablecoins have there marketcaps exponented really high due to the downtrend of the cryptocurrency market. The fall of price of virtually every crypto asset the past few days was massive and nobody loves seeing his investments and cash burn down when in investment and as a result, lots of people cashed out and others switch to stablecoins. With the way things are unfolding, this global crisis seems like something that will be around for quite some time and till the threat is over before we see a stable market

although like that you should be able to see that the current cryptocurrency prices have experienced price increases indeed when prices collapse will make many people afraid but you must know when stuck in bitcoin then you do not need to panic because the estimated value of your assets will return when the bitcoin price returns to recover and when you exchange to usdt the time the price of bitcoin and altcoin collapsed will only make you lose.

You shouldn't be investing if you don't even know what a 'bullrun' is. Thats why people like you end up losing their shirts and keep on holding for a dream.

For me, in my opinion, I would still get to stick or keep my assets into its current phase which is in cryptocurrency because if I would convert it now into stable coins like USDT, I am thinking that I will be missing a chance for my loss to be recovered due to the downfall the cryptocurrencies aee all currently experiencing most specially that is observable with the price of Bitcoin. On the bearish times like this, still being able to lengthen your patience is in need because the prices in the market will sure to recover in no time. If you will observe, the price of Bitcoin is now resisting into a higher price from its bottom price of $5,000 going up into nearly $8,000 this past few days. Taking advantage of the situation will be good to do this days in which purchasing top cryptocurrencies while they are somehow cheap in price is good so that once the price increases, you will be benefited.

I agree that at the beginning of the pandemic spread throughout the world, bitcoin price movements correlate with other asset price movements. But these days, bitcoin price movements show that bitcoin is better than other assets such as gold or indexes. I think this shows that large investors are getting interested in digital assets such as cryptocurrency

As it stands now, it might look difficult saying when the bulls will take over the market because each day comes with more news on what the deadly virus is causing in different countries therefore leading to further uncertainty and panic and since panic has a negative effect on the market leads to more dump. It can now be seen that in order to limit the losses caused, people sell to stablecoins which is why the demand is increasing rapidly. As for me, I think it is better to save capital as it will come handy at the right time, in this case whether fiat or stablecoins as well as holding those coins we believe in.

Usually I do not recommend to enter "All in" mode
But here is this phase is the best time to invest on some stable coins such as ETH and BTC
if you believe enough you know they will rise

If you know how to analyze the market and can sense the price might drop then timing when to convert your crypto to a stable coin to make sure you wont lose your capital.

This is good for investors who cant stand seeing the price of their assets going down. Well for me I prefer to just monitor and wait since I used to see the market fluctuating hence its not new anymore if the market is moving up or down.

Dont think negatively if what's happening is not what you expected it to be instead take advantage the dip and buy more thats the best thing to do.

     I think it is a good period for a safe capital if investments are made now. Most people withdrew their investments during this pandemic, in need of money. I think the worst solution at the moment is to withdraw your investments, because you will most likely lose. You should expect prices to rise again or if you have money, invest more.

It's better to hold if you still have the capabilities to continue surviving.  If you will exchange your assets from crypto to usdt in situation like this, you'll be sorry seeing the jumped once the market start to rise high. The decision though  still in the hands of the investors and we do have different views in regards to this bearish situation.

when the market falls, people sell all assets so that the price falls further and prepare money to buy when the price reaches its lowest or lowest point before.so my advice is that you buy at a time like this if you have reached the lower limit according to your predictions.

This market has always attracted speculators due to is natural volatility and when exchanges offer you the possibility to use margin trading and use a lot more money than the one you have then it is obvious this makes the volatility even higher, it is better to not think about it and concentrate on what you control and for the moment it is a good idea to let the market tell you when it is ready for a bull market and right now that does not seem to be the case.

Well, the amount of USDT and USDC increased in millions during this time, people wanted to get USDT like crazy because they didn't want to go out to fiat currency but they didn't want to stay in bitcoin as well so they moved to USDT. We all know that tether company and bitfinex look as shady as it comes and they have literally printed USDT to pay for the law related problems they faced when they were sued and all of that but when it comes to actually getting away from crypto market people still use them.

So, that means it was a safe move to be in stable currency, maybe when you look at the price increases you may think that you are too late but you can still get in from this price, but meanwhile it was smart to not to move to fiat and lose even more.