Bitcoin Forum

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

Also the technical analysis is in the legendary potential realm. Sorry but I'm pretty excited I think we are going soon.

I'm guessing we're going to see a spike at some point...

Since the crash happened now, property prices generally take 18 months to collapse following the stock market crashes. Some funds following the stock markets in real estate have taken a 60% hit... I can imagine this continuing quite a bit, especially since governments haven't offered any stimulus to renters and a lot will stop paying and get evicted i reckon...

I'd still be expecting to see a nice exponential bitcoin spike in the next 18 months...

I can't admit that this about crypto in general. I want to specify with bitcoin.

Something huge would surely happen. However, the pandemic is maybe spreading faster than we may think. I can't tell what would really happen til time of halving. As the world is actually focusing on something bigger than bitcoin, maybe all the important stuffs can't have the real impact if the community is busy counting dead bodies .

I do not think there will be a direct link between the Corona epidemic and the Bitcoin price. The more it can affect other markets, the more it will affect the crypto market. Not much.

But I agree that this process can be an opportunity to explain how beautiful Bitcoin is for p2p payments.

Halving is approaching as the biggest crypto market event next. We now know that halving is not only important for the BTC price. On the contrary, it is a wind that can throw the whole market in different directions. It is hard to make a sharp guess at the moment. But I think we can see a big break in both directions soon.

I wonder why people are surprised when something goes wrong (crisis, some economic problems etc.)? After all, most people depend on cities, this is artificial life. This is just an illusion of progress. After all, we do not receive happiness, peace and harmony from such a world system that we have at the moment. How to change this? To begin with, to understand that the only thing that should always be followed is conscience (sanity). In this case, all people will strive for prosperity and mutual assistance. No artificially created world economy can overlook what is given to us by nature.

I think the link comes with the economic uncertainly related to Corvid, people are scared to invest.

There is a link otherwise we wouldn't have seen the ugly drop a few weeks back which will remain part of bitcoin's history for years to come. People who buy bitcoin are not any different from people who buy stocks or invest in other markets. Most will obviously join the markets to make profits and when catastrophe or crisis strikes... They will always try to cash out in preparation for the worst.

Yeah, people are focusing on Bitcoin at this time and less considerate into altcoins. It is maybe because people are much hopeful that Bitcoin will rally as halving comes near but it seems possible that altcoins will follow by then just like what it happens to ETH by now which showing an impressive pump.
We are much favorable if the entire market to pump and it all be possible if we all giving our support.

1. Positive markets is not synonymous to the coronavirus situation getting better. The markets can be irrational, and it has been from time to time.
2. Don't expect people who don't have savings to be buying risky assets.
3. Possibly, but no guarantees.

And finally, stop being too impatient.

I think it is still early to come under any conclusion. There will be a spike but not more that 2k at the current price point. This will only take the price of Bitcoin to 9 or 9.5k. it will be still trading below 10k.
In order for Bitcoin to jump above 10k, we need some good news against the virus. I do not think that news will come before halving. After halving we all know there will be a downward rally for bitcoin.

If coronavirus situation will be totally contained, I think we will see improvement also in crypto market. But don't rely on that, as we can see that the market is going up even if the covid crisis is not yet over. Also, you are right, even if people are receiving stimulus checks, don't expect them to buy crypto. They have other important things to consider and buy. And in terms of upcoming halving, let's all hope that we will be in the positive direction and not encounter additional hiccups along the way.

1. Market has been like this for a long time, it is the people's mentality that are ever changing.
2. Stimulus are supposed to be used to buy basic necessities, there might be a lot of low cost stock to invest right now, but survival comes first.
3.I think halving will affect bitcoin because there will a cut to global supply.

The situation that we are with today is still hot and floating in the air. I'd wait until the exact halving day or even after that and take time to sit back and relax for the next 6 months or more for the spike.

that's the thing though, not only nothing has changed about coronavirus but also the situation has gotten worse. back when price dropped about 2000 new infected people were found every day and the death rate has been very small but now there are 75000 new cases are found every day with death rate a lot higher than before. so you can't really say we are moving away from Corona!
what happens is that the manipulation and FUD is fading away so price is going back to where it should have been.

I'm also excited but worrying whether its sustainable to spike at least 11% everyday, its sure to hit the overbought zone. We know how volatile the market is so there is something to watch out before the sudden drop. There isn't an exchange where we can arrange our BTC to move to stablecoin when its dropping. But I'm hoping all will be good due to halving.

Do you still believe that crypto expects to be halving?

It's not crypto but bitcoin will be having the halving event this May 13,2020.

--> https://www.bitcoinblockhalf.com/

36 days from now.

If you are already writing about something, then try to at least look at the real facts. Some countries may be nearing an upward trajectory in terms of numbers of infected people, but UK&USA have yet to relive their worst moments. I do not know where in all this you find optimism regarding the recovery of global markets. If you are able to read some basic information visit the following link : https://www.worldometers.info/coronavirus/


Where, only in the USA? How positive is this for BTC or the rest of the world? Those who get $1000 are unlikely to spend it on BTC, but everyone is free to spend the money they want. However, it should be noted that many Americans will not receive these checks : https://www.nbcnews.com/politics/congress/falling-through-cracks-many-americans-won-t-get-coronavirus-checks-n1177266


The only positive and sure thing that will happen next month, but if we follow the previous patterns, that perfect storm will still wait a little bit, perhaps until next year.

The way I see it, Bitcoin is finally getting less dependent on the news about the pandemic and is rightfully taking what belonged to it in terms of its value. So Bitcoin is recovering, but this process, as always, can take months, as Bitcoin has a tendency of getting stuck between $6k-$8k for a while. I am not sure when we'll see it stabilize around $9k, let alone go even higher than that. Halving is not a guarantee of immediate success, and the COVID-19 situation is still very unpredictable, so major bad news could bounce Bitcoin back to $5k for all we know.

Unfortunately Corona is not going to go away this soon , it still will take a lot of time and efforts to get things back to normal , I think around 1 year it would take for people to finally get on track or start developing heard immunity because let's be honest the quarantine cannot go forever , there is a limit to how much people can afford before it starts getting messy and people starts breaking the rules to earn for their families.
Stimulus checks with respect to cryptocurrencies ? I don't think about that , Halving sure is something optimistic that is why we are seeing people running to invest in Bitcoins.

Market has been always been optimistic specially that we are about to enter the touted bitcoin halving. It's that the Covid-19 has somewhat derailed everything for us. However, on the bright side, with stimulus packages, it could be the one that will really push the price where it should be prior to the outbreak. So yes, probably this could be the start of a big pump or bubble in the next coming months. You might call it perform storm, but this is long overdue, IMHO.

When the covid-19 started spreading and most investors begin switching their crypto assets into fiat that caused Bitcoin price to drop. It has big negative effects on the world's economy. They think that Bitcoin's price is correlated to the bond market and stock market because they are crushing together. But for me, this is normal or maybe coincidence.

• 1) It's showing now a price resistance at last, but I still believed that the sudden crushed is because of coronavirus pandemic
• 2) Every government doing their great job of having a stimulus check to their people and have for an economic impact payment
• 3) Halving might be had an impact, but it is not quickly occurred.

Nope, just a wave on enthusiasm based on nothing other than speculation unfortunately


No, it's not going to explode, it will be a short-lived spike once it's done but the damage the economy has sustained will show its influence for months maybe till the end of the year. Too many business and too much of the commerce has been affected if not completely shut down, billions and trillions lost, just hope will not pump prices back to ATH.


What are those checks?
1800$ per person? Do you realize how little that is since we're talking about a country with an average wage of 40k a month?
The stimulus check is nothing but a two weeks wage, put that in balance with the millions receiving pay cuts or n unemployment and you will see how insignificant that will be.


Again, overrated stuff, things that everyone expects to happen because of previous experience tend not to happen. :D


No, crypto is under quarantine and will not be allowed to halve anymore. :D :D
Bitcoin halving will happen, nobody can stop this, it can be delayed by slower block time but it will happen sooner or later, when block number 630000 will be mined we will have our halving..

Yeah,but there are 3 things to consider:

1.We are NOT moving away from corona anytime soon.The coronavirus peak is still to come in UK and the USA.European countries might have already faced the peak,but they have to continue fighting the virus for the next 2 months.
2.The stimulus checks won't turn people into cryptocurrency buyers.
3.The BTC halving doesn't have that big impact over the bitcoin price.The hype around the halving might have been already consumed

The market price of the coins is unpredictable because even the market has an excellent upward trend if a vast amount of people declined this kind of transaction this is a massive impact so it is better if we become prepare about the market result because the first rumor because the bitcoin fall is all about the pandemic virus, but we forgot about the market halving that the source of the bitcoin will be cut into the half and can cause of the market price increase rapidly and becomes profitable again but still it takes for over two to three months before the halving is coming and we need to grab this kind of opportunity to make earnings.

Getting excited over a theory leaves a great deal of potential for disappointment.  Whatever you think the market is going to do, it may well choose to move in the opposite direction.  You would all be well advised not to get your hopes up over what could well turn out to be an anticlimax in the end.

Well, I'm pretty sure that everything's pretty much calmed down already. The true moment of panic came when lockdowns and quarantines appeared, but since a period of time has already passed, I'd guess the people are pretty much used to it and have already adjusted their mindsets.  As for stimulus checks being development for crpyto, let's be real here. Panic may have disappeared (or at least lessened), but that doesn't mean that the problem has disappeared. Lockdowns are still in place, and people with no incomes would need the stimulus check for their daily supplies. Many have already emphasized this, why would they trade the money to be used for them to survive? Though I'm not denying that a spike may come in anytime, I am saying that the stimulus check would have close to zero correlation to that.

I'm thinking if the lockdown effect has given a good thing for all people. Can you imagine everyday the people just stay at home without doing anything, good for them who have a salary from their company but for those who don't have any salary they will find many thing to fulfill that.

I see crypto currency is a solutio for that, a few people try to buy bitcoin, start learning it and finally they try to trade or invest. I have my friend who force his self to join in crypto currency, they bought bitcoin a day ago and learn about trading. So, I think this pandamic has given a good thing for crypto industry, because the people have much time to learn it.

In general halving Bitcoin is the main event that makes BTC growing. Corona pandemic then worldwide and had an effect on the price of Bitcoin which was increasingly dropping. But the effect is only briefly and then Bitcoin is again optimistic to keep going up to Halving.

We can only see the development of bitcoin from now until halving will occur. Everyone will certainly expect a big pump after Bitcoin experienced a bad period in 2018 until 2019.

Yeah but not now.
Not even after the halving or even 2-3 months after this.

People are not ready yet after all the spending that had happened.
Then there are stocks of payments that needs to be dealt with since they are not giving any paper works for all the bills.
Finally there is a need to save again just to be ready when another thing like this happen again.
You just don't know so better stock up some necessities.
Those are the kind of things that may happen after the virus is dealt with.
It is like a wound that needs to heal first. But I am sure it will leave a huge scar.

I am also having the same feeling that the price of Bitcoin and some altcoins will increase. I am just not hundred percent sure of it, but this might be the right time that all the predictions that were being made since 2018 and 2019 to happen. I didn’t buy any coins yet, neither did I sell the coins I have in my wallet. I am not in a good position to invest more money in Bitcoin, so I am just going to hold the ones I have since the amount is okay.

But I’m not going to say that other cryptocurrencies will go up as well, the only one I very much believe would increase in price is Bitcoin, as for others it might not be the same, except the top cryptocurrencies like the top ten altcoins.

Businesses will also not pump Bitcoin to ATH. Those companies that accepted bitcoin payments were never the real force behind pumps.

In Bitcoin's history all big bull markets were due to hype or manipulation or hype and manipulation together but there's also that low value that is there thanks to long term investors.

Businesses shutting down won't have anything to do with a bull market if it arrives and you won't even see it coming. Most people won't because otherwise most of us would be millionaires by now.