Bitcoin Forum

Last Monday the crypto market experienced a dip when its value fell by more than $26 Billion. This massive dip in the crypto market was due largely to a plummet in oil prices but was also affected by a drop in the stock markets.

Here is why the crypto market will recover: https://www.cryptopolitan.com/explaining-the-recent-crypto-dip-will-it-recover/

Do you agree with the article?

Definitely, the market will recover at anytime. Also BTC will reach new highs  in the upcoming bullrun and Halving is a big hope for many investors across the globe, not only the oil and stock market prices has affected the market especially corona virus too is a major reason for this dip, crypto will soon recover and the prices will go up for sure have some patience time will change.

After a massive decline, there are many people who have lost money. Price reductions were also triggered by the spread of the Covid-19 virus. In China, many investors attract Bitcoin to real currency. It is done to buy a number of basic necessities for survival.

However, after a massive decline, the price of Bitcoin is slowly growing. So you don't have to panic because crypto market conditions can come back quickly.

I don't agree with the article because the writer was just cooking up a story that does not correlate to the reason behind the dump in the price of bitcoin and another crypto market and i believe the OP ought to know what causes the current trend in the market because it a general situation and it affected all business setting globally.

   Article is good in general, but there's nothing special about it. Connection between S. Arabia actions with oil price, Japan stock-markets and
crypto-market without any proofs is just a theory. The same is with his explanation about why will we see recovery are in general too, except
hope I didn't see any arguments and facts.
   I like articles where everything is well argumented and explained. This article is positive, but without any facts sadly, but I like it anyway
because I am positive about crypto-market recovery too.

If you research this month from the day one to now, you will see Bitcoin and the crypto market already started recovering otherwise we would n't see Bitcoin at this position! Because the dip was 3800$! Personally, I think A good future is ahead, if the corona outbreak gets ended within the next month then we can expect a huge boost in Bitcoin price in May because of the Bitcoin halving!

By my understanding and drawing evidence from the present state of the market, it is clear that the market is already recovering. Even if it corrects, it still signs of recovery and what we will continue to see, is more pump.
Some of the investors that sold all that they had and left are now coming back and we will still see more of them come.
I also believe that new investors are coming in because this seems to be one of the feasible options at this time.

Of course why not. Crypto will recover sooner or later. If you see the past DIP there you will see that after the DIP crypto came back with more strong support. It will take few months to recover the past DIP. even BTC rises more than 1700$ from the last DIP. If bitcoin recover other coin will recover slowly. And yes I am agree with that article.

The reason why bitcoin get dumped along other assets on 13-3-2020 was largely due to comments by Trump that the world may go into recession because of covid19 and bitcoin first experience recession has to fall along gold, stocks, commodities and forex. It has happen before and bitcoin at $6700 is still very reasonable. It will recover very soon when covid19 effects has reduced.

No, I'm sure it was due to the spread of coronavirus and measures to control it, and anticipations of the economic fallout. That's why everything fell, normal stocks as well as crypto.

The market is in good standing now, it's been stable now and I am expecting a rise soon.
If the market is destine to fall, then it should not recover but it's been recovering and there's a major recovery that happened although we didn't break the highest price this year, but I am optimistic, soon bitcoin will start to be bullish again and altcoins would follow.

Crypto market is a good investment now that the economy are down, smart investors should be seeing that.

Crypto will eventually recover, we are no commodities and the crypto market is not correlated with stocks.
As the global economy is getting worse now, I think it's time for crypto market to step up again, though this is a tough time for everyone, but crypto might become a progressive market this year,  it's hard to tell whether it will recover or not but I would stick with my belief that crypto is more valuable when there is an economic collapse.

Yes and no,,, I do agree that some of the reasons there will eventually help crypto recover but I still believe in fundamentals and halving.

Also,,, the article says that crypto market experienced losses BECAUSE of oil prices and stock market crash. But this does not explain why it did not follow oil or stocks previously, right?

Opinions about what will happen to the cryptocurrency market are very different. my opinion is that now is a great time for those people who have free money. those people whose money was in cryptocurrency or stocks and their income was only from these sources are now in a bad situation and when everything is stabilizing, nobody knows

Same here, I see this situation more on giving us an opportunity to accumulate cheap and let us re invest again at the right time.
At this time where most are in panic, we can't prevent them from selling at a very low price, so we are getting a good value here as eventually this struggle will be over soon and the whole world will recover.


I am actually not affected with this because I made sure allocations for investing and for daily living expenses have separate allocations.
When investing, we have to consider all the possibilities including the kind of situation we are in now so we can make the right action when time comes.

I will continue to sit still and wait because the current situation is really unpredictable and our investment is now very risky so investors will face many problems. Actually, I have lost more than half of my assets in this market and the bear market is making me feel more depressed so now there is nothing better than waiting. In addition, covid-19 is spreading to many countries and does not know when it will end.

I cannot tell whether it is the oil or the stock market falling down that also caused crypto to follow suit. What I can tell for sure is that this must be due to what is currently happening in the world. I mean, the virus and its grave effect to the economy. People simply need the money to stock on goods while the situation calls for them to isolate themselves from the rest of the society.

And similar to the previous countless dips of crypto in the past years, perhaps even worse than this one, it will always recover. This is all about the normal movement of something which is basically dependent on the condition of the market.

I don't think the crypto market will recover because day by day the rates of getting infected and death are rising so it is difficult to tell if we can see the market recover unless the corona virus is no more in this world.

I sure know that at the end of this covid-19 challenge, we are going to see massive growth in bitcoin price because people are going to start investing again. I believe that in two months time, this covid-19 could become a thing of the past and halving will have major impact.

This is not a new dip that we are seeing for the first time, right? Dip and bull both are well-known terms in the crypto market. We are seeing the dip market, so, the bull market is waiting to come! After every dip, up is confirmed, it takes time, that's it! So, the crypto market will recover, I can ensure you! The March month was full of volatility, we know the reason, the whole world is suffering for the same reason! So, wait for the coronavirus ends, I am praying to have a medicine that will cure people of this killing disease, and after that everything will be alright!

Slowly the market returns (especially Bitcoin) and I think it's very positive. The spread of the Corona virus makes many people feel scared and they are still a lot of money that melt From Crypto. From that article I agree on Crypto will recover again. In addition, now the Government's encouragement relating to work from home (WFH) will also increase the trading activity of Crypto assets. The price reduction of Crypto assets is the best moment to re-invest.

There’s still a panic in the market and yes, the virus are still here and infecting many people around the world. You need a little more patience and big trust to cryptocurrency because it takes time before the real recovery and I’m sure it will happen after the halving. Let’s all pray for the vaccine, and hope that the virus will end now, the market will recover after this sudden dump.

Covid-19 will last until the vaccine is available, but I think it will take a lot of time to research because there is not much information to date. I am currently unemployed because my main job is postponed and this is really the most difficult time in my life. Anyway, I still make a profit in this market and hope things will soon return to normal because I feel very tired in recent times.

I hope things get better for you and everyone around the world. Especially daily wage workers worst hit by this lockdown.

Yes i agree until this pandemic isn't over markets are uncertain people need food and other necessary groceries to meet everyday needs.
Before this crisis things were positive for crypto as no.of bitcoin wallets were at all time high. Ethereum defi ecosystem was growing and everyone was looking forward to the next bull-run which many believe will start near btc halving event. But now everyone is unsure.

We would like to see more improvement on the crypto market, especially on bitcoin which until now just stays at $6K level.
The price increase is expected as the halving is approaching and I think even this covid-19 pandemic will not be able to stop us, so always be positive.

Also, although our economy now is getting worse but there's always an end for this.

Maximize and make the nost out of every situation, even though we are in a crisis now and crypto market has experienced dumps in the past couple of weeks still the market still tells us that it will recover soon, investing more now in top crypto is the best move you can do now, the halving is gonna happen soon so there is no better action to do than investing. The virus has affected alnost every field in the world but always bear in mind that this will end and every market and economy will recover.

I like the article in the opening post, it's very positive. Although it is very positive but if it is not included with the proof it will be
just be a theory. Broadly speaking the article has the same view as me that crypto will soon recover in the near future, after
experiencing a significant price decline. Because I am very confident about the future of cryptocurrency that is very bright, so
whatever the price of cryptocurrency goes down. The price will definitely rise again, so I never hesitate to invest in cryptocurrency.

Of course it will, what is going to happen? Bitcoin going to zero and all others going to zero as well? I mean don't get me wrong there could be couple of coins that barely surviving thanks to their creators putting money into it constantly to keep the market alive that got killed during this period and they may not recover all that well. But there are thousands of coins, and I can promise you that hundreds of them will stay alive no matter what and will recover from it.

It may take some time, it may not be very quicky, but eventually we will recover from it. Otherwise what is the point of crypto if it will die from the first bad fall. We have dropped from 20k to all the way down to 3k and recovered from that and peaked around 14k, so there is no way we won't from this tiny fall either.

I agree with that article. because the price of an item will be high if there are supporting factors of the item. as is the case with the current botcoin price. the thing that really affects about the decline in the price of bitcoin right now is because world oil prices are down. but it's not just the price of bitcoin that is declining right now, the economic situation is unstable today

Thus, again my fear is that WHEN IMHO, the stock market actually does dump out at 50% of the
2020 high of around 2/14/20...Bitcoin will follow. Not because that BTC is not a good value long term, but because people will crack at a 50% drop in the stock market
and the frigging country is going shut down dead for 3-4 months! People may WANT to buy cheap stocks and cheap BTC/Crypto but real-life issues like keeping and paying for
Grandma in the Nursing home will take priority. Thus, if it is so bad that the major Whale HODL'ers also start to bail out at that point. We are screwed.

I'd like to buy more BTC at these prices long term but I am dead broke with real-life issues likely for the next 3 months as well! A friend said the good thing is the rental property will be 50% cheaper and he could buy one each. Until I pointed out NO RENTERS the university is likely closed till FALL and who knows about enrollment
than would be enough to even find renters at that point and he likely will be laid off in less than a month! Tossing BTC/Crypto if it becomes a long term
speculative investment into rental properties on my part, also long term, if that becomes the case for both, well, I like my odds with BTC/Crypto better, so I'm not gonna do it.

So hopefully, and I mean, I really, really, hope....that BTC only also goes down to 1/2 value more or less....say $5k when sh*t hits the fan. These next 2 months or
so with halving are gonna determine if BTC/Crypto is a store of value, unlike stocks, once the bottom price of both is hit? Or that BTC/Crypto is just a nice normal long term speculative investment you can dump quickly in bad economic times to fill your emergency/catastrophic fund 24/7. Thus as a 'speculative asset' it indeed may
come back when the stock market hits ATH again, in what 7-12 years maybe?

The next 2 months will tell. I'd settle for a nice sideways uncoupled from stock market
panic approaching, IMHO, at whatever price! Also that the Whales have drunk enough kool-aid to not 'crack' under pressure to dump on top of the above, that would be 'catastrophic'! Damn, 'Black Swan Events' on top of the Halving!

No idea myself wtf is gonna happen...but IMHO it will happen in next 2 months. I'm HODL'ing!

I just hope others are as stubborn and will accept a worse case, long term recovery to boot a

Brad


edit: well this sure did not help much

https://www.cnbc.com/2020/03/29/president-trump-extends-national-social-distancing-guidelines-through-april-30.html (https://www.cnbc.com/2020/03/29/president-trump-extends-national-social-distancing-guidelines-through-april-30.html)

The stock market is gonna lose their ever-loving mind on Monday and dump I fear. Would be nice if BTC decoupled from such. :(

That is only the author's speculation, Yes I have to give some respect to his opinion but I'll just have to skip knowing that we are in a different situation.

We suffer huge dumps before (even worse than of today) but we are able to survive by then. This is not the end of crypto nor we are seeing that it drops more. The price is still good, potential altcoins are still rallying this makes no worries for me coz I believe that we can still make this and we did before. Those doubtful individuals will surely quit and I don't want to hold them cause they are also the reason for market drops. 

First of all, i want the OP to know that some article writers sometimes added grain of salt to their article in other to gain more views so i dont want to add more click to the site.
Nevertheless, crypto is know for been volatile in nature and hedge to fiat currency but not to covid 19 which precisely led to some major panic sell and less demand in the crypto market. Meanwhile, all this doesnt mean the end of crypto market not even halving is coming.

yes I agree with this article. because after all this article was written based on input and predictions from several reliable sources. but all these increases did not take place quickly and certainly needed stability and recovery from certain economic sectors.
 

Look how it drops last year, in fact, we've been getting worst than of today and the price went down almost $3k a few dollars away from $4k. But despite of those happenings, we still able to move back alive and reach almost $8k in the year-end. And so I believe that this happening today gives no reason that we can't surpass this one. Should we have to give up? No of course ad there is no reason why we should have to do it. The market backs to normal again and this will happen after coronavirus and our continuous support is very important.

 that is nice  . love it when there is a news about price recovery  .26 billion  usd fell on overall cryptos  ?

well indeed it was a hell huge and i think your right  . oil price which is affected by the stock market are two factors that can also affect the crypto market   and now  another factor is in the list  . i guess the all  three assets are now schedule to have a downfall again so we guys must be cautios of that  . im done buying before so idc anymore about the dip but now im more foccus on the pumps only  

A sharp fall/rise will always comes with a short term retracement so that the charts wouldn't be too steep
After going into the consolidation stage, this is where you can see if the market is going to recover back to bull or just a short term change

It will be back to bull market, it doesn't matter what I believe because we can all make our own prediction but I am just bullish with bitcoin this year.
You know what? people are thinking bitcoin will drop because of the pandemic, and they'll accept that as they are ready to see it, but it was not happening, bitcoin remains stable until now and it has pump from time to time or bounce back once it falls.

Exactly,,, this is the point people fail to see in their fear and panic. If this is the worst that the bad things coming together can do to Bitcoin, then we should be very happy that we are seeing such a good price now. And if you already bought the low this year, you are already way high in profit after a few weeks.

Aside from your article, I largely believe that the crypto market will recover from this recent dip although this might take longer than expected. A lot of people are anticipating the bitcoin halving that will take place soon. But I doubt this would have a significant impact on the current cryptocurrency market. Let's hope and anticipate the best.

I am being positive overall too
I am more off a bullish bias overall for this market and yeah, i agree with the fact that Bitcoin will continue drop due to pandemic
Perhaps it might drop off a little but it will move up than down from what i see
We are not breaking the previous low after the dump so i assume we are pretty safe

No one or nothing on earth is ever safe and the reason why the price of bitcoin broke the previous low price is because some slightly increase in demand done by some investors to seize the opportunity of the previous dump in price before halving but I'm sure the market will still experience another dump next month than the previous dump.

If the situation still gets worse I think some people will sell their assets because they are forced. I myself sell a bit of bitcoin to meet my needs and leave it as an investment even though maybe one day I will sell it before my target price is reached because we don't know in the future what it looks like.

As expected to happen, more panic sellers will come and that it gives our investors/bag holders to buy their coins.
The current situation is tried to test us and how we've become an optimistic person. It can be of big struggles for those people who are just certainly depending on the market. And I'm glad that I have another source of income coz it possible that I can't hold it anymore and be like them also...So I can't blame others to think like this because they are saving their life and the fear of coronavirus.

 

This current situation contribute to the panic of those people who are unpatience for their trades and that could be a bad move for them to get affected without doing some counter action since as of now we see some several  flactuation which can possibly earn us some good numbers.

but still I can't blame people to get afraid on this situation since its a huge burden on economy on what is striking to us right now and provably many people securing their fiat's even at loss in preparation for worse case scenario.

Cryptos and BTC especially are condemned to recover.
Central banks are printing like no tomorrow and this will create inflation. Already it is 2.2 BN for the US and no-one can estimate the amount for Euro-area, as it is not only the ECB that prints money. Countries are also allowed to circulate more money than what they have.
We are at the beginning of a big recession. They will print again and again. The US will hold elections this November and the government has the interest to keep everyone happy, even if it is a voucher instead of a real job.
In this environment, you should be looking for places where inflation is controllable. BTC's inflation is indeed controllable.
To sum up, yes, it will recover.

It will surely recover, soon there will be halving of Bitcoin, and already completely the market will begin to recover after the coronavirus pandemic, I hope it will be soon.

The crypto market will recover soon. This dump will attract many new investors. We've seen the crypto market dump many times before. Then the market recovered very quickly. I'm positive this time. I think the market will go up again very quickly. Since halving bitcoin is not much longer. After halving the market will go upwards. Maybe smart money already entered in the market.   

We the crypto community should be more optimistic about the current global crisis we are experiencing that despite all of this, crypto will still recover just like what it did with the previous dips we had before. This corona virus pandemic may have turned all the businesses down but as long as this will be over, crypto market will be back to normal again. I believed that crypto might be a good business today because of the fact that we can still make profits from it even if the rest of the businesses are not doing good.

How do we know that we will be completely healed in 2021?
Is there any guarantee we will have a vaccine out in the market. Because IMO, if we don't have a vaccine available to all, the cases and deaths will just bump every now and then, and no real solution will be given to the problem. When cases going up, new quarantines will be ordered. We can't go on like that.

The crypto industry has been matured currently, it will like oil and stock marker which mean if we see their prices were decreased I will believe soon their price will goes up again. As of now most crypto prices are green even some of them has been increasing for more than 100% (SUMO) that will be pointed out most crypto prices are trying to recover.

What ever happen now Im surely thid coming weeks or next month we see again the pumping of the crypto, at this moment the price start rising a little bit and that is good sign thag crypto will recover again maybe not just now but they have right time to full recover what the price dumped last month ago and that is 10k dollars is Im expecting this month. Many articles and news about bitcoin and most of them we don't know what is legit or not so be careful.

Agree, talk about obvious here. It was massively influenced by a recent crisis causing panic all around leaving people with no choice but to pull out their assets as well or else it would be too late for them to do it so. But whatever may the circumstances would be, recovery sooner is guaranteed the thing is, that it won't happen as soon as everything be settled. Market is unpredictable, there's no one knows when would it rise, and how much will it increase. But whatever it may be, we have to be prepared all the time so that we can take right actions at unexpected circumstances.

I dont know if the comment of Kiyosaki on cryptocurrency and bitcoin lately is valid, that in the world recession like this investment should be in crypto and Gold. Bitcoin is assumed to be price-in at $8000 as early as february, If we could get back to $8000 by this month end/ May, we could be back in the right direction. This will also describe bitcoin/crypto to be the safest investment even in recession. There were worst dump in the past (more than -26% dump in a month) and the space survived.

We can't really predict WHEN it will happen, I mean sure we all agree that it will recover but we have no idea how long it will take. Look at bitcoin right now, it goes up and down between 6k and 7k level without breaking both sides, it goes as close as under 6.1k but still stays above 6k, close as high as 6.8k+ but doesn't break 7k, so it is basically stuck and can't really move at all.

What can we do about this? Well, the best case scenario for right now is wait out, and when this corona thing is over and when we have the halving, there is a chance maybe we can actually recover properly instead of this small movements, I am not sure though, like it is not 100% guaranteed recovery, but it looks like halving+no corona is actually the best solution to our current problem.

The current pandemic situation has impacted entire industrial and financial services, with no exception to cryptocurrencies. Not sure how long the impact will be there but surely we see big hope and optimistic feelings due to bitcoin halving event. I hope the situation will ease soon and markets will recover gaining more confidence in investors.

hope is always there, the crypto market has been trained in this kind of thing depends on how we respond to this situation, if you are not strong prepare to be a loser, and basically I enter this market want to get profit not feel defeat.

I read through Kiyosaki statement and his comment on twitter is totally valid but he make the statement in a tricky and sensible way as a business strategists does. Besides, he was not talking about the current situation of the bitcoin and gold market the safety with the future profit the two assets will bring to it investors.

True and this is how market works on where we cant just see a falling market like forever.There would always be a recovery.

Now we are seeing that btc price is starting to cling up even we are in the middle of pandemic thing.Yeah, im not saying its the main reason but
we cant deny that this situation does really give out big impact not only on crypto market but also in other markets as well.
Recovery is a sure thing and for those who risk up on buying on dips will surely make out profits.