Bitcoin Forum

As new virus of COVID-19 is on rise in United kingdom  news is spreading across the globe as this time it will spread more faster than before, stock market has affected very badly after this news and even BTC has fall nearly 1.5$.

I am really not sure what's going around, Are billionaires spreading rumours to make vaccines demand? To me it looks like BTC will go down slowly from now, what's your opinion guys.

The vaccine is yet to be tested against the new strain. Pfisers could see issues with the new strain since they picked a part of the structure that has now mutated (though its likely the old vaccine will still work - just requires testing).

Most of the new virus is in the south East because they didn't lockdown fast enough and that's the government's, their local government and their own fault.

I think you forgot to include the 'k'. $1,500 / $1.5k.

This could be the correction that must happen for which everyone is waiting for. As btc goes down on a slow pace, this will be the opportunity of others to buy. Why think that it will continuously to dump? don't see it happening.

Omg big news, viruses mutate! There have been 300.000 mutations of covid19 since release... And this one is big news of course... Sheeple people... Nobody should ever ask again how Germans followed their government blindly from 1933 to 1945... Newsmedia is always the key... And they are owned by 5 families over the world...

The new strain is no worse apart from spreading more easily, the vaccine still applies and so theres no greater negative in actual symptoms.  Thats the info I've heard, people just have to be more careful not less until they get a vaccine simple as that.    I did fear a second wave type occurring but this isnt it afaik


So the sell off is more to do with the market generally taking profits, its risen so much its due for a sell and BTC also that applies.   Just a simple look at graph reflects we've topped out the action after reversing possible failure of trend up previously, a pullback is well within range of a positive market.

https://talkimg.com/images/2023/06/12/A1O5j.png

So bars are weekly, last two bars are the big green for last week and the new one forming now is red as we sell this morning but its retracting within a positive trend.

I don't think that it has to do with the Covid 2.0 in UK. Market is due to correction anyway, at least Sunday in my time and people are just taking profits for the holiday season. No need to connect the dots for every negative news we've hear or seen on the news about the pandemic and relate it to bitcoin market.

Market has matured already, and if we are in a bull run that we have seen in the past days, doesn't matter if there is negative news, the greed factor and FOMO will just take over. And since it gradually slowing down, as obviously, people are just selling for profits.

Many disagree that this pandemic has had a major impact on Bitcoin this year. Yeah, we have seen a significant increase in the price of Bitcoin, but several factors have had an impact on it. Bitcoin halving, institutional adoption as both an investment and as a service, PayPal... It is also needless to compare the stock market with Bitcoin, since we have observed in some cases that the two markets do not inherently correlate.

Covid pandemic can have both positive and negative impacts on Bitcoin. It all depends on people's perception.

Merited for a sensible thoughtful post rather then the panicked “oh my god the sky is falling” that seems to be the norm ...

Meanwhile, dollar vs euro is looking like crap. Seeing BTC go up in price is nice yeah, but then when you're looking at euro, it's not been as spectacular (relative of course). You'd still need 25k USD to say it's 20k euro, so kinda dampens the mood to see dollar valuation go up while inflation eats away at that real value.

Nice dip, by the way.

This looks pretty similar to the March price crash,the only difference is that the March price crash was caused by Trump,the Bitcoin price recovered pretty fast after March,so there's no reason for panic.
This new COVID 2.0 will cause a new wave of lockdowns,which is bad for the "brick and mortar" economy,but it might be good for the virtual economy,including the crypto industry and crypto markets.
I'm not quite sure that the news coming from the UK are the main reason why the price is going down.
 

Lol BTC price falls Because this is the correction and also others are taking their Piece of cakes from their long term Holding.

and This is normal after the Long run Bitcoin does.
BTC will go down ,But just a little from 20k ..we have investors now and big companies ,Bitcoin is becoming Real now in faces of those who had first Denied this.

I'm not a fan of conspiracy theories, but all counties are reacting too strange to the new mutation.

From one side it's know from September and seen in the Netherlands, Austria, etc., yet almost the whole EU closed the UK by sea and air. It's strange and the global panic could bring the Bitoun under $20K again.

https://www.bbc.co.uk/news/live/world-55392619

Would all of the negative events in the future connects in BTC price drop?
When would this kind of thing stop?
Why are there still members connecting anything to the BTC price?

If I pay attention, Covid 19 should not be good and bad news for Bitcoin,
because Bitcoin will not be affected by Covid 19, indeed the price has dropped to 70% because of Covid 19 in early Q1,
but Bitcoin is recovering quickly, so this is the news is just a FUD.

You’re a 2011 registered account & you think a $1,500 drop is a big thing?

Does anybody else smell a bought account?

Dude, we were under $4,000 when covid first started. A $1,500 drop is nothing, it's just price discovery. We’re at the start of a massive bull run. When we reach new highs naturally there are some sell offs & subsequent corrections. The trend is up & will be for the next 12 months at least.

You should know all this though as a 2011 OG.

I don't think this is a correct assumption especially if we have 7+ big pharma producing their own COVID vaccines with different price points. They can't really do anything about the demand at this point when the supply itself is enough for everyone to have. For the numbers or the increasing of it in the UK how did you assume that the numbers they are giving you about the rise of infected is fake? I mean you might not see it but for sure people in your country gets tested everyday and this alone is enough to determine if this person is infected or not.

1k is nothing much, right now its about 1% down though we have recovered most of the day now and its at a turning point again.  Simply that would be the 2 day average which is overhead.

Well news can move us but generally its a trigger for profit taking, in this case I reckon a covid story is the wrong association and in fact its to do with the USA bail out agreed recently which was smaller then hoped for.   A small bail out though its nearly a trillion in cost is not the large surge of new currency some might have hoped for to justify this BTC rise.   

https://www.cnbc.com/2020/12/20/mcconnell-says-congress-has-agreed-to-900-billion-coronavirus-stimulus-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

   Just my take but if price does turn on this europe market close and we end day going back down to say 21500 then I'm watching that point for strength as it marks a trend true daily since about October.  The reason I think maybe we get more bumps is the sell volume was higher then this drift up, but I dont know if that matters yet.   Digestion is how I describe these set backs etc.

To me it looks like politicians try to hide the fact they didn't do their job properly (the so hated lock down), which will make them now even more set aside.

I am not convinced that the new covid mutation is related to Bitcoin price movement (as said, mutations happen more often than most of us know). Maybe the forced (by EU) lock down is one of the causes.
And possibly the other cause is that there won't be any Brexit deal, despite many people's (futile) hope that politicians will get to their senses.
I'll add some market manipulation to the mix, since some know so well to fructify the news and .. here we are.

If another wave of mutated virus surge in again. I believe Bitcoin price will be affected again even though its not directly related on it just like what happened when the COVID-19 first hit the world. People always incorporated any global bad news to Bitcoin to create panic whenever Bitcoin price is high. I don't know what's the problem to crypto people but they are easy to persuade by news.

That is what I have heard as well, however if this new strain begins to travel all around the world then we really need to test it and see if the vaccine is going to be effective against it because if it isn't then we are back to square one and I think a great deal of people are tired of this new normality and they want to go back to their lives as they were, and if the vaccine doesn't work then that means that will have to wait for at least another year before this nightmare is over.

Now about the effects on the markets, I don't think this is going to be enough to make the price of bitcoin crash or anything like that, but if a few months pass and our worst fears are confirmed then that may be enough to cause a crash in the market.

what is 1.5$? you mean 1.5k dollars? but 22k is still ATH compared to 2018 right?why seems to be very affected ,Your a Hero Rank ,and have been in this market back in 2017 ,when Bitcoin from 20k just by January drops down to 14k?
Let's not be worry about the fall ,We saw now What Bitcoin really can over the years.
What Rumors?  mind sharing some of them Mate? because you looks so bother and i'm afraid this wont Give you anything Good.

We are still In bullrun ,and lets be glad of that.

Why would billionaires spread rumour about all this, majority of the billionaires are businessman and that will affect their business as well and there is a new strain of virus and some of the countries have banned the travel from UK due to the new rise and you cannot lie in this day and age, that being said i am not sure whether these news have affected the market.

In a bid to spread the strain around the world more than 40 countries had banned flights from UK link   https://www.bbc.com/news/uk-55391289  this will checkmate the spread of the new strain, of course a lot from experience has been learnt during the first wave I believed this time government will take a proactive action to curb and deal with the menace of this second strain, and I believed it will not have any impact on the price of bitcoin even if there is a pullback it going to be a temporary one.

Chill mate, I believe humans do mistake instead of 1.5k I mentioned $ and you elaborated like it's a fatal error. and yes market doesn't have any courtesy on my rank just for a information. This Covid-19 latest news was spreading more than this virus, also market reacted in the same way even the stock market went very badly so I just thought to give an alert nothing more.

The idea of having another Nightmare alone is really suffering ,we already hated the idea of the first so what more the next ?

But the effect in crypto is far from what Covid is giving,yeah at first there is a crash but along the way Market proves that even Pandemic wont stop the Bull coming after each halving .

I suppose that you were just being affected mentally and physically of this Lockdowns ,You will be good sooner.

it's normal to feel this way Mate ,because the Corona virus really changed our Lifestyle,Views in many things and even our Mind settings ,So having this thought for me is normal, we don't intentionally collerates things but happens.

The scenarios looks the One is compliant for the others ,But in the end Market will prove whos right or wrong.
But BItcoin will always recover ,and that is not even a fact but a truth.

That's true, the effect of covid pandemic is not as effective in crypto as it has been for other sectors but I am afraid it's the funs and rumors which misleads people and someone's assumption get so much of limelight people start reacting to it.

As far as bullrun is concerned I would say apart from Bitcoin other alts have kot yet experienced bullrun so far this year and hopefully they might have bullrun next year depending on bitcoin's movementum.

news is spreading faster  . faster than a virus spread ? thats not a big issue but it would be alarming if the virus spreads faster and not the news but you are not sure if this news was true because you said its also a rumor . the only thing is true is that the vaccine are coming and the vaccine will always be on demand because we are waiting long for this .

 im not updated on how stock market flows but im only updated in btc and btc didnt drop too much  .

btc can grow more because some vaccines can be brought using btc . people will buy btc first to be able to do that

It not the news but people are overly speculated on the spread of the virus just to give more hype. Besides, despite the spread of the virus, yet we saw that Bitcoin continues to pump rather than seeing it dumping.

I don't mind people talking about viruses and Bitcoin because as I look into the current situation, this helps the spread of Bitcoin and helping it to be more appreciated. We are about to grow its daily market volume than before without Covid.

This Covid-19 is a blessing to crypto, I think we should be thankful for this coz it probably we are not able to reach $23k if there is no lockdown.

I think it has not affected it at all.

Small corrections like that happen within every bullish trend and they were happening in 2017, you can check it for yourselves. There were even corrections taking a week straight within a bull run to 20000. This was just a one day sell off which is nothing special.

I don't think covid in the UK has enough impact to affect bitcoin. There's just not enough bitcoins traded there and a new strain or not we know that mortality rate is really low.

it has been predicted that there will be Covid 2.0,
maybe 2021 this pandemic will not end, and will make a big impact,
we know gold and cryptocurrencies are the best investments in this pandemic,
and the news of Covid should not have an impact on the drop of bitcoin.

Oh yeah, every time the stock market goes down it's manipulation by the Rothschilds, every time the stock market goes up it is manipulation from the reptilians.
We have arrived at the point when no politician can die a normal death, they are all assassinated by the Illuminati, if one gets sick it's some assassin lurking in the shadow, if a plane crashes it's the Mossad, if the power goes off in some town it's the FSB, if a turtle can't go back on its belly it's from the HAARP waves.

What did you expect, people fear what's coming, and it's not just this mutation, the fear is that if one happened others more dangerous can happen too before we eradicate (if we even mage to do) the virus. Would you buy stocks in some travel agency right now?


You don't even have to look at 2018 to explain this, things like this happened every week, bitcoin went down on the 21th, dropping 2k, recovered, then dropped again recover, then, you get it. But people feel the need to uncover some mysterious forces at work behind every cat taking a dump.

The news at the moment doesn’t seem to have much of an adverse effect on bitcoin and crypto. The new variant of Covid-19
forced London and the rest of the UK to impose strict social restrictions, but I don’t see any drop in the price of bitcoin, I saw
bitcoin go up with a good rhythm and there was a slight correction but could come back up even now it costs $23,557, this is
still strong despite the news  of the  mutation of covid 19  to covid 2.0.  Bitcoin is  circulating at $22K to $23.xx,  and it’s not
going down too far.

From what I see these days, these dumps are for correction only. I don't see any major dumps because of some news or FUD.
Talking about the Covid issue, what I really observed was the first major hit of Covid around the month of March this year, it was a sick dump.
But I believe this time, it will be different, people already know what happened last time. Especially, there are some vaccines now.
But if Bitcoin will dump hard again, I am willing to buy the dip again 8)

That's what you get for been a highly speculative assets. You can't take such speculation out of the market. All the events happening gets connected to you in some way and when observe carefully there's some truth in this connections. The recent Covid19 news is affecting the stock markets and that of bitcoin can't be excluded. The bitcoin market relies mostly on surrounding news to react. When the news are positive the market moons but when they're negative it creates a dump reaction.


.just like other disease, Covid19 isn't going away anything soon. We have to learn to live with the fact it has come to stay and continue with our regular lifes while paying attention to the precautions we're encourage to take to avoid contacting the disease. Lockdown aren't doing us any good. I can see some restrictions are already been announced globally this will only cause more harm to the economy then it has already done.

I am afraid that is a mutation of the Covid-19 to a new version of Covid-19. I hope that virus will not spread across the globe like the Covid-19 because if that happens, I can't imagine what it will be to impact all countries, especially for all people. After all, they already suffer because of Covid-19.

If the bitcoin price gets affected by Covid-19, I hope that the drops will not be too far and only stable at $22k-$23k. And after the new year, the price will increase even if the Covid-19 still be with us. Many people hope that these situations will end soon, and we already have a vaccine that can help them cure the virus.

Bitcoin is not dropping, that is for one, right now bitcoin price is 23.5k+ and that is nearly 20% higher than the previous high, how could we call it a big drop? However there is also nothing to worry about the new covid virus neither, because it is about the same when it comes to prevention of it. Still the same things, still masks, still washing hands, still breathing, still same drugs, still same vaccination needed.

Basically this is a "different" version of the same thing, nothing really that different. So, I would say it doesn't really change too much in the world, which means it won't change anything in the economy neither. Obviously economy is something that changes day to day depending on what people believe in, but the reality is that just because they believed things will be bad, doesn't mean things will actually be bad, it is just their thoughts.

Covid 19 UK is currently heavily affected Bitcoin will not be affected. The first time many countries shrunk but in the second step they have learned to deal with it and will help overcome the high price crisis of Bitcoin. I don't see any dumping in Bitcoin. The price of Bitcoin will increase a lot more over time. The second step of the corona virus will further increase the demand for Bitcoin. Even if everything is damaged due to Covid 19 Bitcoin will take a new form.

First of all, bitcoin will not fall as long as people do not sell, we have to make sure that is known, only reason bitcoin would fall is the sellers and as long as they do not sell, we are going to be fine.

Secondly covid is already out there, we have increased this much during the covid period and not in any other period, from 10k to 20k+ we have come during the worst days of covid. Look around you, you know at least one person who has gotten covid, and you have seen news about covid numbers increasing during the last 3 months but at the same time price of bitcoin increased with it as well.

It means covid 2.0 in UK is not something that would destroy the market, it would be something that would help the market. Do not be worried because it is a win-lose no matter what. Win-win because if covid is gone, we are going to be healthy again but price will fall but if it is not fixed we will have crypto go up, so in the end it is win-lose no matter what.

I don't think it's billionaires, because you cannot bribe scientist on something that can affect worldwide the news is true that is the reason our country is banning travelers coming from UK, this is serious and the world needs to hurry on the vaccine and I don't think it will have effect on the price of Bitcoin, the dip is just a correction Bitcoin price is still good.

Bitcoin is not dropping because of covid , a day ago bitcoin reach a new ATH of 25,000$ and now back to 24,000$+, I believe it's just like every other simple corrections like before, though if the covid 2.0 gets out of hand people might be forced to sell, I do hope we will never get to that

If the governments implement a faster ban on flights this time then we might avoid a catastrophe with the new strain. Hopefully it will not affect the bitcoin prices but if it will ever affect, I think only a small portion of the whole market will be selling since there are more institutional investors that are in there for the long term hold. Believe in the market, the prices will definitely go up but do not let your guard down.

people are more prepared now.  we already have paraphernalia to prevent and stop the old version of the covid and this can work better too on the new version as long as we are using it properly plus we can add in the incoming released of the covid vaccines ,

covid version 2 wont be that life threatening but btc prices can drop again just like the old times when the first cases of covid starts but as long as people adjust and loosen/lighten the banning that are happening the price of btc can return to normal again .

But the latest one that faster to spread is here and we must admit that this is a Highbreed ,Sounds very scary mate.Lets make the world safe from this one.
Lol why not threatening ?we don't even Know if the vaccine we have now are effective in this one,because this is much deadlier than the first.

The price is controlled by big investment firms and so is the reason we are not seeing any major corrections even though the price is about to touch $25k, whenever there is a small correction these firms are investing heavily. The new strain will be a threatening concern as it is spreading faster than the first strains.

A positive attitude  :D. It is a fact that we have no idea about the effectiveness and the sides effects of the vaccines that are developed.

From the researchers study on the subject, it looks like this is not going to be that difficult to break neither. The Chinese vaccination uses dead cells of the virus to make your body understand it, study it, beat it (well its already dead but you got it) and be ready for the virus, it is not the ideal situation but definitely 100% better than not having the vaccination, the UK one seems like it works in a way to make your body change, think of it like you are mutating yourself against the mutation of the virus. Not mutating in a way that you are going to be enlisted by charles xavier tomorrow, not that kind of mutation don't worry :D but your body will change towards a human that is ready to fight these type of viruses, be more ready for anything.

If that is the case (I am not scientist, I am just telling what I have read) covid could mutate a million times and as long as it is about the same virus without too much change, we can defend ourselves.

I don't think this is right - the new strain appears to be more transmissible certainly, but from what I have read there is no evidence that it is more serious nor that it will be resistant to any vaccine.

We need to be really careful about spreading misinformation.

See here: https://www.bbc.co.uk/news/health-55388846

It cant be known until there are evidence or people had been infected to show on what are the symptoms and its complications.It sucks to hear out these kind of news when we do enter
this year end.

Im already anticipating or hoping that next year will be the year where everything would go back to normal but it seems this might take a little longer or further more due to this
new strain and also talking with BTC is dropping then on what we are currently seeing then its totally opposite on what had been said here.
In spite of dropping then its mooning instead.Lastly, corona doesn't have any correlation for its price to be dictated on whats happening outside.