Bitcoin Forum

I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.

For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.

Some interesting facts about the Covid Variant that was deliberately made to last longer than it had to be stopped. The big impact is unstoppable while the economic improvement in every country is starting to make a lot of adjustments in the field of Online work. Here the Bitcoin investment sector as well as trading other cryptocurrencies have contributed greatly to the individual community towards surviving the wave of economic collapse, both micro and macro though. Especially if you see the US experiencing prolonged inflation until it decides to withdraw the Dollar for a while. Hoping that the withdrawal of the dollar circulation program will trigger a decrease in inflation.
As we know during the US Pandemic, printing money on a large scale.

With regards to Bitcoin, the price has recently been looking down, whether or not this has something to do with the withdrawal of the dollar in the market or it was pre-planned to give the whales room to take more discounts.

I would also add that this overlaps with the day CME Bitcoin futures expire, hence one of the days the price drops anyway.
The fear related to COVID and that fall of stocks has probably amplified today's dump.

interestingly things like this always happen at the end of the year which is like being one of the secret weapons at the end of the year.
and if you look not only this year but from 2 years ago there have always been things like this in the last month of the end of the year always busy with news about covid since they existed.
and the impact created is also very extraordinary for the economy today.
the impact created by this will be felt and for hodlers must be patient a little longer it seems

Lots of fear mongering.

I don't see how the news has anything to do with crypto valuation at all and it just seems a bit strange that BTC, which is an uncorrelated asset to most other stocks, would dump harder than even the travel sector stocks

Oh well, more time to buy up the dip :)

I thought op would have included the name of the new variant of the covid-19.
Anyway I expect the new noise about it variant to push up price again because of the fear of contact that has bedeviled covid-19 from the beginning, so many may choose to avoid contact of fiat and convert to cryptocurrency and digital too


Well it is becoming a known traditional occurrence with bitcoin anytime it got to a new ATH. This can pass as more correction than a dump and buying like you suggested rightly is the best decision.

More of like looking at the reality of the situation rather than "feat mongering" lol. I don't get it either why a new covid strain would affect the cryptocurrency markets, but the fact is, there's a high likeliness that it indeed affected the markets in general; whether we like it or not. It already happened in 2020, so I wouldn't be surprised if it affected the markets again in the same way.

Yeah, there's a likely that it's related to the new strain and there's nothing to worry as we've seen how bitcoin moved from down to the top during the months where most lockdowns were implemented. The newbies shouldn't worry on this matter as we've seen that the market became better last year and if this is going to be the same as that, then we have to wait until the expected pump might come anytime soon as it recovers. This could also be the start or sign that we may see another ATH.

Probably, since most travels are again being restricted across all parts of the globe, and that may affect global commerce and economics, too. It's not only the local markets that are affevted by this new strain, and it seems that it has breached even the cryptomarket as well. Most industries on all fronts are taking a beating, and it's not far fetched that the negativity may affect crypto.

But what's interesting though is that the sudden drop happened near the end of the year. Huge drops and pumps usually happens during this time, and once again it showed itself in a timely manner

All such negative news are always impacting new comers miserably compared to people who have been experiencing corrections and crashes time to time. If anyone who just invested into bitcoins then they must need to think about buying again at dips rather than working on stoploss levels. Bitcoin is always known for bouncing back sharply hence this new covid variant you also might get defeated by bitcoin for sure.

When people come across ups and downs more frequently then they will plan up like how how veteran bitcoiners are doing. So, corrections are always needed to have butter benefits in all means (like for existing people to buy more at dips and for new people to catch cheaper prices psychologically).

During the last lockdown due to the outbreak of the pandemic many businesses that required physical contact suffered losses and drop in patronage. But after the lockdown was lifted we saw newer opportunities and the internet became the saving home of many ventures. If bitcoin gets a repetition of what played out in the market in 2020 then there will be cause for panic
We have had bitcoin rebounce on several occasions and holders who were patient enough had cause to smile. But they truth remains everyone would not hold some just take advantage of the volatility then sell and make little profit not everyone has that patience

I do think that the cryptocurrency market will not be affected that much given that most countries are prepared and have already adjusted.

With the World Health Organization announcing a new strain of virus called Omicron, which is highly transmissible that can be found in parts of Africa, there is that potential of affecting the whole market like what happened when COVID first hit the countries. The difference is, most businesses have already adjusted to the 'new norma' and people have already been vaccinated. Though a new strain may be highly transmissible, I still doubt that it will affect and impact the cryptocurrency market that much for everyone to be worried about.

We are almost 2 years of this pandemic but havent we able to look on what happened in the market? We've still able to grow or make this big despite of the economic condition due to covid and now we are having that new covid strain once again?

I dont see for it to be that probable on dumping or crashing out the market which it isnt really that surprising because we've seen on our very own eyes
on how this market did end up or behave during these periods.

For now lets just make out some assumption once again but since we do already have the experience then
this is something we shouldnt really worried upon.

I think this was the cause of the crash:



There is concern of other chinese conglomerates like Didi choosing to delist from the US in the future.

With the motive being perhaps to insulate china's economy from US inflation and a potential future crash.

I can't claim to be an expert on Didi or what china's motives are for this move. Its a topic well worth investigating IMO for anyone interested in the topic.

I thankfully had the day off of work but the markets sure didn't, and it was an ugly one. Personally I think this is a bit of overblown fears as there seems to be quite a bit of unknowns at this time.  People panic selling is certainly nothing new and like when most other times people do so, I'll be there to try and hopefully take advantage of it.  The way I see, bitcoin is simply having it's Black Friday sale ( and very possibly end up having it's Cyber Monday sale as well).  In all honesty I'm slightly concerned but we shall have to wait and see.

Mate, we just had a decent red candle across the board, as well as the U.S. stock markets. You don't need to doubt it because the news already impacted the markets lol.

And yea we can say "correlation is not causation", but it's more likely to be the actual cause.

Isn't amazing that merely the announcement of a new strain can have that drastic effect on the markets? Oil markets tanked a bit earlier too, stocks included. The strain hasn't even been confirmed to be more deadly or capable of evading vaccine induced immunity, so anyone that isn't already protected can get protected. The covid hysteria crowd can essentially manipulate the market by pushing fear such that an announcement will cause people to be on edge. Is there published data on this strain? Nope. So why is there panic? Big pharma companies are laughing to the bank.

Yep, you got that right.  I wouldn't even consider the recent drop in price over the last day or so to be all that significant (probably because I've seen crazier swings before).

As far as the stock market being "down the drain" I'd say we've only got one day's worth of data on that.  Today was an ugly day in the market, but it's also the day after Thanksgiving and volume was pretty low if I'm not mistaken.  That new strain of COVID may or may not have been responsible for the drop.  I'm pretty sure it played a part, but I don't think it's the whole reason.

Speaking of variants, all I've heard is that this new one is more transmissible.  OK, so it can spread more efficiently, right?  But I've heard nothing about any increase in virulence, mortality rates, or anything that would suggest that it's going to kill more people than the previous strains.  And all the while I keep thinking to myself that this is a virus that most people recover from after a period of mild to moderate symptoms--and that the media and governments around the world just want this pandemic to keep going on and on.

I'm sick of having to wear a face mask to work and tired of vaccine mandates.  Just thought I'd add that in.

Today was a pretty crazy trading day. I would of never expected it to be this severe. We had variants in the past and they were brushed off and markets kept going higher. However I don't know if its because it was a holiday and volumes were thinner but the stock markets took a huge beating, especially oil.

Oil closed the day at -13% which is crazy. So its either some over reaction, or some trailing stops hitting or some hedge funds has pretty good knowledge that the demand for oil will go down again due to people being stuck at home due to the new variant.

I think we need to wait until Monday and see how the markets behave then.

Yeah, lol, it has already affected.

Markets are very susceptible to news like this, so the decline is not surprising. We will have to see how the price behaves in the medium term, but I doubt that the drop will be as serious as in March 2020, because this time we will not be caught off guard. I do think it could affect the overall economy if it leads to more lockdowns, but I think Bitcoin is going to be a winner in the medium and long term as a safe haven.

I believe not. March 2020’s crash was unexpected, and everyone panic sold, then caused billions in liquidations on its way down. It was a surprise, and unexpected. The current crashes are merely prices starting to meet resistance, and not unexpected. In fact, it’s a welcome correction.

Honestly, I think it's just a coincidence. It's very important to distinguish causation and correlation. While it's true that the prices are down and a new strain was announced, I don't think these events are causally related. When the WHO announced the pandemic, it was a huge event and the panic clearly contributed to the drop we experienced then. But a new strain is nothing that huge to cause panic over the crypto market. What's instead happening, IMO, is the consequence of Thanksgiving and Black Friday, as well as a natural need for a correction due to the price being pretty high lately. Nothing to worry about, but no reason to believe that it's due to the new strain either.

Ah sh*t here we go again! 2021 is about to end, but pandemic isn’t. Because of that announcement, stocks have dropped very badly. They’ve named the new variant as Omicron, which so far scientists say it’s much more worse than Delta and can spread a lot more as it has 30 mutations. However, it was yet to be determined if this variant can bypass or counter antibodies and vaccines that we have.

Although vaccines are our best defense and can prevent hospitalization, this one is really a variant of concern. I am fully vaccinated and I’m aiming for a booster shot after 6 months from the day of that dose. Ain’t confident to travel overseas because of this new variant and it may spread worldwide in no time. Blocking specific countries like South Africa, Botswana, Hong Kong, etc., isn’t enough to contain. It may be already here anytime without warning, as COVID-19 mutation keeps evolving.  

On the other hand, we’ll yep it’s a good opportunity to buy the dip.

Over 10% moves in commodities is a normal in that they are always in potential volatile to this extent.  Leverage is normal because storing oil is costly compared to trading just the price contracts on leverage.   The bigger deal for crypto would be the dollar did not especially break upwards like it could have done.    Actually all prices are uncertain due to the holiday and this weekend, till next weekend there are too many unknowns including the nature of this variant itself.

I heard that the news says that the scientist found a new strain from Covid in Botswana, which they say will be more dangerous than the previous virus. But I do not search furthermore as I am not too interested in that and hope that everything will be okay.

Related to crypto, I hope that will not have a big impact on crypto and not make the price is plunge deeper. But if the price really gets the effect, I hope people can remain calm and not panic, seeing the crypto market will go down temporarily.

But it could affect the business in real life and that can impact the stock and other businesses.

It's true that the level of panic is different from before and now society can be said to have adapted,
so it makes the crypto market less impactful,
it's better to stay calm indeed and I think this correction is a good start

Exactly, so I would say that the dip that we are witnessing might just be short term and not like in March 2020's sudden crash and everyone went into panic mode, cash out their bitcoin because they don't know what covid-19 is that time.

But since we have been living for more than a year under this new norm, I don't think we will see the same effects on the crypto market. So this will be another waiting game for most investors.

Fortunately, cryptocurrencies were able to grow during the Corona epidemic and during the deterioration of the global economy, so I think that if a new strain of the epidemic breaks out, it will have a slight impact on the cryptocurrency market, due to the possibilities of using cryptocurrency and that payments in the crypto are considered as An effective method for transactions in order to reduce the risk of spreading the new virus, so we have to be confident in the power of crypto to overcome these epidemics.

There have been many new undocumented variants as well and am pretty sure there are many other variants to come in the future as well, this is inevitable, mutations are something natural for any virus. Therefore there might be many more ups and downs in the market as well.

But at the same time there are people who are plunging towards their investments in cryptocurrencies as well due to collapse of the whole economic situation which might not really work well but this dip might provide them an *opportunity* for sure.

This is not a probelm for long term investors. It's the probelm for short term holders.

Some news like : Mt. Gox funds might be out in the market could fuel panic in certain situations and make people cash out but it would balance itself soon because there are countries like El Salvador moving forward in a positive direction as well.

If it is just an epidemic then a nation lockdown would be enough but with what's happening all around the world. I doubt if this would be just an epidemic plus crypto or Bitcoin has nothing to do with this. It's just people are overreacting to almost everything that's why it creates a fear on their mind, this is the result of overthinking into something that usually doesn't happen. If you are not new in this market you already know how the market works and the only way to handle this dip is just to hodl. And if you believe Bitcoin would break $70 pass through $100k then you should hodl and wait.

All the market seems to be quite bearish at this time and it has been going down slowly. It was trading at above $60,000 earlier before now, but right now the market has dropped and is now at the range of $50,000. But this is not the first time that I am seeing a news that is saying that there is a new strain of covid-19, it has been a long time that this was being said, but the market kept moving pretty fine.

So, I don’t think that this time around the market is going to be affected now. If the market is going down now, then this is the time for it to go down, because it wouldn’t go up forever, there are still times that it would drop, which is why it is being said that the cryptocurrency market is a volatile market.

That could be a factor, but the fact that most stocks in Nasdaq and SP500 drop means that it is probably not strongly correlated to the bitcoin specific futures dates. It is worth mentioning that, contrary to other occasions, the indexes have not recovered significantly like it sometimes happens, but rather stood lower than the previous day. My understanding is that hospitality dependant companies are certainly going to be affected.

My diagnose for bitcoin, quick drop for maybe a week?

I would not worry about this, when covid-19 was first discovered and we don't have the vaccine yet, crypto is not affected badly, in fact, it rises while the stocks struggle. So it could be good for crypto and we should trust the experts to take care of the new vaccines that will stop the virus from spreading since they have been developing the vaccines to completely make the world back to its normal state again.

The thing is when most centralized assets are affected because people panic, crypto is always a good alternative.

We can see during the pandemic Bitcoin is the best performing asset, so the new covid strain won't make the Bitcoin price fall. Instead, the opposite
will happen, I predict that there will be an increase in the number of people entering the crypto world. That will push the price of Bitcoin to go much higher.
Because as you explained, there is a possibility that many people will return to their activities at home. This means that people will look for income
solutions that can be done at home, and making money through crypto will be increasingly popular. Therefore, seeing that the crypto market has not
yet recovered, I am not worried, because it will not be long before crypto will be bullish again.

That will depend on the type of epidemic because it will not affect crypto if it is not related to anything with crypto. But sometimes, what happens in real life can impact crypto. Crypto is not yet used as a global transaction, but digital currency is already used for the transaction with their fiat transform into digital, which is different from crypto.

If you believe in crypto, you should know how to hold your crypto and not panic, even if the price is down. To overcome these epidemics needs many things from people, the government, and all aspects.

A few days ago on the news, they said about the new wave of covid and the increasing number of dead people and infected by covid also the new strain as you said in the first post, this can actually affect the whole world and especially this can have bad effects of the world economy and the resulting increase of inflation rate in all over the world, here the best idea can be to start investing on assets such as gold and bitcoin and with increasing the demand in these two markets we can see fiat currencies becoming even more worthless than before.

Fear cannot be denied.It doesn't matter if we are talking about stock markets or crypto markets.The traders and investors behave the same way everywhere.When bad news hit the markets,the prices go down immediately.The panic and fear will be temporary as usual and the prices will go back to the previous levels.
Many medics are saying that the vaccines are effective enough against the new coronavirus variant.
I don't know how competent they are,but we will have to wait and see what happens.
The travel sector is in a better position,compared to 2020,due to the mass vaccination and mass testing.

many people see only the effects, even though it is not the absolute main cause that affects the market
Government policies in setting regulations can be the main reason for holding back while waiting for the market to recover so that it's not too risky

It's not, OP is just trying to make it look like there's a connection with the new COVID strain to the dump in price just to put it together with other market. I mean when the pandemic happened, there's not that much hit in the market and in fact it flourished more than anything because people are indoors and have more time online so they are more likely to be curious with cryptocurrency.

I dont accept that COVID strain situation would affect crypto valuation. Just check back, we had consecutive ATH of BITCOIN during only Pandemic situation  and yes still we are marching forward for its next ATH. There seems to be a usual correction which happens before a great spike and yes this is what I believe  and I have seen since 2016. We could see large number of investors have come in to Crypto platform during the COVID period.

That event when Covid started was a nightmare and it shut down every country. Factors such as business and employment were greatly inflicted and would explain that large investments that relates to crypto would reflect synchronization of its downhill since supply and demand are affected. I would disagree that it would crash solely because of the new variant, people and the government have adjusted and countries rose from their depths since the pandemic started and still there are other factors that would affect the market.

Bitcoin has faced even the worse scenario of the pandemic situation and it remained firm so I don't think the new COVID variant would affect it too much. I'm sure that it's already strong enough to overcome the negative effects of the pandemic. It even reached a good price during lockdowns and restrictions. Bitcoin could resist the effects of this virus and there are even lots of good events happening to it.

Still trying to figure out why this should affect the market so, I get people are in fear but why sell your assets as a result of this new covid discovery, shouldn't we be learning from the first and second waves! This new covid should affect the market this much especially since having survived the previous outbreak, well so far, the market has been resilient so hopefully, it will turn around soon.

Bitcoin was quite positive during the pandemic and I don't think this is the impact of the COVID variant in fact a lot of increases have occurred because people believe that bitcoin has grown 3x during the pandemic so this has no effect.
For me, it's quite calm now because people now feel free with social distancing that was applied before, even the economy has started to run normally and we will be side by side more even though the covid variant still exists.

It is very similar to what we saw back then, the markets hate uncertainty and the pandemic has been full of it, the new variant of the virus seems to be one of the most dangerous to date, so the international community is very worried about it as they fear that we may have to go to square one and live once again the days in which the majority of the population of the world was under lockdown, and all of this when the economies of the world have not recovered and the inflation is already very high.

What the heck are you talking about op? COVID actually helped the cryptocurrency market in more ways than one such as problems related to accessing physical money, renewed interest in digital payment methods etc.

BTC's recent correction started way before the emergence of this new variant to be honest. Also, I am expecting the price to rise soon because of this new variant due to reasons mentioned above.

BTC has been rallying constantly for sometime now which is why a major correction was always expected.

rather than ccrash I prefer to call it a current correction and I think this is very reasonable because indeed bitcoin has gone up quite high even to touch their new ath.

on the other hand it makes sense if you say that because this kind of reason is only used to make something happen because there is an underlying cause.
I personally don't want to think of this as an impact that results from all of it but indeed everything will definitely have an impact even if only a little

It looks like we are talking about something similar with covid being "good" for crypto but bad for the world. I hope that nothing similar ever happens again but the reality is that we are talking about something that is not going to be easy, even if covid ends today, something else could come out tomorrow.

It could be another virus, it could be some other event, it could be earthquakes all around, it could be fires that we have seen during summer globally. Basically, whatever happens will be a very terrible situation for the world, and I believe that we should not be really giving up hope about crypto but be worried about our own globe.

Might be correct longer term but the trading situation easily includes a sell off and that might extend the rest of this year we dont know.   BTC was already due something of a rise around Spring 2020 because of the halvening and ongoing tightening to BTC regular availability; the biggest point was not the flu variant but the monetary policy change at that time.  In 2020 they created so much new money a quarter of all dollars in grand total can be dated to just that one year (not that we bother to physically make them).

Look btc is still around k55k+, and ETH is still k4k+. I would say that's a win. Yeah we had a huge drop because of covid fear and I am not going to say it is a useless fear because we have been living a horrible life for the past 2 years because of covid. I get that, I understand the fear from covid because the reality is that we are not going to live a decent life if it keeps going like this and every new variant scares people. However, financial world?

We are crypto and we should be doing even better if covid continues, I hope it doesn't, I rather have bitcoin at 1k dollar than have covid go on, if it means covid will end today and we all go back to regular life without masks without distance, then I am fine with bitcoin suddenly vanishing, I really don't care. I love bitcoin but this impacts everyone on earth. Which is why I hope that it goes away, yet covid going on fear should not impact bitcoin downwards, it should impact upwards.

Well in some sense, Paxmao's statement does actually make sense. The current crypto valuation is quite high right now so while some people are still speculating with crypto, some already move their money away from crypto space because of the high marketcap.

The reason that crypto skyrockected since the early 2021 was because of the pandemic spread back then and most business were out but in the current situation, business were all getting back to where it was so some people might stop speculating in crypto space and start putting their money back to some 'safer' investment

I partially agree with you here. Many people are transferring their money back to safer options, but they constitute the minority in my opinion. The majority still feel that BTC and other popular cryptocurrencies are reliable payment methods.

If that wasn't the case, BTC and other popular cryptocurrencies would have fallen way more in value which clearly didn't happen.

New or sentiments like this do presumably people been eyeing or keen about because it cant really be denied that this market is really highly reactive when it comes to

news like these thats why i cant really blame out people on having this kind of reaction whether they do believe it could affect or not and this is where we do act according into our experience whether we do act or just simply ignore.

We've seen different times on where market hadnt really care about these stuffs and just move according to the demand.

It is very interesting to see why new variants always appear at the end of the year and in a relatively short time these new variants appear everywhere and have even arrived in some countries that are quite far away.
the question is how do they show up fast enough? did they really exist or were they just made to have an impact that is as unexpected as it is today.

I'm getting fed up with stuff like this. Every year I have to hear variants that continue to mutate and create panic everywhere which affects the economy which is getting worse and worse.

I think for another 3-5 years, the situation with the Covid-19 coronavirus will not be resolved, there will be new mutations, there will be new outbreaks, there will be new lockdowns, which means there will be regular drawdowns of local economies around the world. And all this will lead to the fact that states will be forced to print more money to ensure social obligations in a situation with a shrinking economy. Of course, this will lead to significant inflation, which means that people will look for ways to diversify risks. This means that it will buy gold, possibly the shares of high-tech companies. Regarding high-tech companies, this segment will be strongly influenced by tough problems in the Chinese economy, and the withdrawal of many industries from China to quieter territories ... Let's continue - and one of the means of preserving and possibly increasing savings can be the transfer of part of the fiat income of the cryptocurrency. So in total - it will be bad for a few more years, but such instability only plays into the hands of cryptocurrency ...

Yes, it is true, Bitcoin has started to come back again. This decline is a new test for Bitcoin. Bitcoin has withstood the strong effects of the Covid virus and today is still resilient in the face of the new virus. These are very strong tests of Bitcoin that have proven that it is much stronger than everyone thinks, so I think that we will witness a new strong bullish wave for Bitcoin, especially since there is news that Microstrategy bought 7000 Bitcoin today with an average price of 59,187$. This news is sure to have a very strong impact on the market and we will witness a new high soon.

That's a lot of bitcoin that they purchased. In this action, we can conclude that Microstrategy is a strong believer of bitcoin. Because if they don't believe its capability, they will not stake large sum of money to btc market. And this is a very good indicator that we will have upcoming good run in crypto market.
And in terms of the new covid strain, I am certain that scientists can easily address this situation. It is not the first time to receive a new covid strain. So I have the trust on them that they can easily find a way how to contain this, maybe by releasing statement on what vaccine is needed or if the previous covid vaccine can manage this new strain. Or better yet, scientists can come up with the new vaccine that may address a lot of covid variants.

COVID is temporary, but crypto is forever XD Well, for day traders any change can disrupt their trading, but for everybody else that is in this for the long haul, nothing really changes. Crypto will fluctuate, but when you look at the big picture, it's still gradually going up. Even tho, and this is my personal opinion, but this will not affect the overall crypto prices much, or the ongoing projects. 

Or the experts are telling us that it's already permanent and we will have those drug pills that will cure it easily soon. I want to believe either but we don't know what's really going on in the next few years but hopefully, just as you've said, it's temporary and there will be instant solution for those that will be contracted with this disease.

Yeah, it's here to stay.

True, the rise every time the crypto market goes on a little correction, the recover is even more than that.

Covid has nothing to do with Bitcoin it has proven already in the last couple of months even if the government already told us that there's a new strain of virus coming but that doesn't stop us or Bitcoin to continue to grow. The sudden drop result isn't because of the new strain of virus or something it's just that Bitcoin needed it in order to sustain a long term stable growth. That's why it has to test some support level but that doesn't mean we already meet the bottom, there are still more room for Bitcoin to grow. And next month might be worthy as what the other think would be.

There were at least 8 different COVID strains in 2020. Announcement of the delta variant did little to move markets. A new emerging variant suddenly has the power to shake markets?

I hope people look at the Didi delisting as a probable cause behind recent negative market trends. It could well be a better explanation than the omicron variant of which has yet to reveal its full impact.

I wonder why Bitcoin price was affected by the news. If zoom went up according to your post, why not Bitcoin which would be more useful in times of crisis/uncertainty.
Feels like an attack on the price coupled with some panic.
People should be aware that promoting Bitcoin correctly also attracts lots of investors and keep others. If you don't, other side could succeed in their war against the price... They are more sophisticated today than before.

A lot of unrelatedness in the development of bitcoin but most of these factors are tied together by a magic string, more precisely, although Covid and its developments are not really related, economic actors and analysts have always believed that the mutation of Covid exposes the world to other dangers, finance has also since made changes to match this risk, these effects also propagate to investment sectors. In general, such cases always appear to confuse investors more, more confusion will have more false grounds for the wiser to exploit

It will be something of shame if we really fall for the same excuses we have had. After the first covid 19 commotion, we have received several news of second wave which are many timed forgotten as soon as people hear them and I'm very sure that even this one will be gone too.
What's the essence of making people panic with a virus spread that the same United nations has claimed they provided vaccines for the globe. Different diseases has spread in the past and we all survive the situations.

The crash of March of 2020 tells us otherwise, the truth is that everything can affect bitcoin, the market of bitcoin is composed by people and if people panic over something, even if that something does not make sense, it could still crash, now things are different than what they were back then as now we have stronger hands so the possibility of a crash over a news like that has diminished but it has not disappeared.

And it is never going to disappear completely, just look at all the times China ‘banned’ bitcoin and the reactions the market had, and even if now China has in fact banned bitcoin it would not surprise me to see it as some sort of news on 2022 and see a small correction as newbies get scared about it, even if it does not make sense for us that such thing is happening at all.

Good analysis and prediction... now, we all can see that you were spot-on.

Covid did hit the crypto industry but not that bad and when things were so serious, crypto fell down and took some rest, again brought up by institutionalists. Today, the situation is limited to some countries due to enough awareness available but I would ask those stupid people who don't wear masks and get out, please stop doing that because you are not just risking your own life but others' too, stay home and pay with crypto.

We dont even able to point out precisely that it was the main reason because the market could dip or drop like that without any events happening around

basing in real experience or situation in the market and we know that this market could move out without any relevant reasons thats why its really hard

to tell whether it could mainly affect for this new strand or variant of covid or not yet not all news would really be that relevant.

Well, is normal. You know, whenever there is a news like this and something happens, people are usually afraid and you would see it’s reflected in the market. It’s the usual thing that happens when there is an unfavorable event that takes place, but as time goes on the market will still recover. Although I don’t think this event in particular is really affecting the cryptocurrency market, or Bitcoin to be specific. This is not the first time that Bitcoin has gone below $60,000, almost dropping to $50,000. This happened before and they market was still able to get back to above $60,000 and even reached a new all time high price.

So, this is just the same thing happening again and I believe with time the market will be back to a higher price again. Yesterday we are at around $56,000, and now we are already at $57,000 and the market is still moving.

The global economy will suffer a modest blow from economists point. Compared to the impact on the economy from covid-19 and the delta variant what we experience at the moment won't be that big. This time tourism and the restaurant industry is predicted to experience a major blow. The increased vaccination rate keep things in control compared to the past.

This new strain of covid is expecting to create a major outbreak since the virus will be widespread again, so expect that more economies will totally be in downtrend like we experienced from covid 19 in its first months. However, if crypto will be affected again but i think it will not resort into making a huge dump in the market since people will be more stuck in their houses again and this time, crypto might be their best option again. So instead of making the whole crypto market down, this new strain of covid might cause another positive surge not just for bitcoin but the whole crypto market itself.

If it will have the same scenario in 2020, the current dump may not last a long time. It is just a temporary impact because people are panicking about the possibility of a new wave of Covid. But we all know that Covid even makes crypto market grow and leads the digital investment sector. This means we may see crypto market grow up again in the next few weeks or months. If it happens, Bitcoin and altcoin have a chance to jump again for their new ATHs.

But now we already see that it doesn't have the same impact as it was in 2020 where the first news of the Covid-19 was released. So for now, we are just in temporary in the negative, but for sure this will not last long. Every market is the world sooner or later will have to recover from this news. This is how the market works so eventually this December we might see all of them getting into the positive and bouncing back including crypto market.

I also think the same thing because I saw when there was news about the emergence of a new type of Covid, people did not panic too much and it was different from last year when there was news that the initial emergence of Covid was really chaotic,
It's undeniable that during a pandemic the crypto market really continues to grow and of course that's a good thing for sure

Bitcoin get known through information and bitcoin also been affected by information, i found out that any negative information of bitcoin alway affect the price, "why" because so many people who is cryptocurrency minded do not believe in bitcoin with 100% trust, and any information that comes negatively about bitcoin always brings fear to the market.

Well we have the halving after that so it's really for bitcoin to go and have a massive bull run after that. And that's why we have quickly bounce back in 2020 and hit a new all time high and then we have like positive news coming along the way. But we are now in the tail end of the bullish run and with this news, it might dampen the market and who knows where it is going to end. Hopefully, the covid-19 strain news will not cause panic to pull the market even further down to $40k'ish.

It is very surprising a new wave of covid has come again and the whole economy will suffer just like the previous, we can already see it affecting the stock market and crypto market, I hope soon thr market will stabilise in the market,  many countries are trying to understand this new covid and the best way to prevent it from spreading.

The new covid-19 variant which is omicron is still under the study of researchers and scientists. Since it is just discovered recently by African scientists, there are still so many things that are uncertain and unknown about the virus. Its way of transmission and the severity of illness it will cause to someone is still not yet known because the people who were reported to contact the virus were mostly youngsters that are known to not really acquire severe symptoms of the virus due to high immune system. What the scientists are afraid of right now is the mutations of it because once the virus omicron mutates again, it could boost up the fast spreading of the virus from one host to another which is a very big problem once again because if uncontrolled, it would infect so many people again. Just like what happened to previous strains before.

It could be another challenging season for most of us, most especially those who are into crypto because we all know how pandemic affected the market, not just crypto actually but the world in general. This would be a tough time once again, but I suppose it would just last a short span of time. Because we have an advantage right now compared before that no vaccines has been produced yet. Now, we have the vaccines and the scientists have the background information they need to check what are the similarities of this omicron variant to the previous ones. Hopefully, the vaccines are effective enough for this new strain and to future strains because the mutations are endless, we just have to adapt and be immune to it.

Well, we just need to stay calm and never gets panic once bitcoin price will drop more because for sure other crypto coins will eventually fall down their value. I am really expecting that this Omicron variant will cause us to struggle again just like what we had suffered in 2020. Expect that the country's economy will be down again due to the widespread of this covid variant. So even crypto market is not an exception because once a negative news like this will hit the market, it will definitely leave a serious dump in the market and this time, it may lead to another bear season. So we need to monitor the news and updates these days as they will be our guide what will be our next move.

It's nothing new since bitcoin leads the crypto market, whatever negative news that will attack bitcoin will certainly leave a negative impact too on the whole crypto market. But that does not mean that bitcoin will stay in dump, it may suffer from price dumps but only temporarily. And with this news all about new covid variant, it will be another threat for bitcoin and with the rest of altcoins. But somehow, i know most of us are expecting that crypto won't be affected that much like we used to see in other types of investments. Who knows we might see new ATH for bitcoin just when this new variant comes out in the market.

Its actually seems to happen like 2020 anything  on this year but the time and situation are totally different . We have seen at the beginning of covid-90 when the whole world were surviving but crypto was promising and were started to building . Now we are really on better situationsome of the traders who are really always being panicked just are going to dump the valuable asset. A wise person always being professional and become patient with his asset. It may some trade closed with the stop loss hope we can recover soon and we did actually . Thinking about the future nothing can pull me back mate.

Economic conditions that cause the market to stagnate are systemic in nature, if Covid causes economic activity to stop massively, this will have an impact on the market, because the money supply for investment will decrease while money for basic consumption needs will increase.  This is theoretical.  But in fact, all countries have prepared a new adaptation which is often called the new normal.  So I'm sure it won't have much of an impact.

I think we are all tired about the situation as we cannot go back to our normal lives as there is always something new to worry about with this pandemic, however whether you believe this is simply coincidental or that this is the elaborated plan of someone, the truth is that this new strain has been affecting the markets and there is little reason to think this is not going to continue, in fact Biden had to appear already on TV to try to calm the markets but I do not know how effective something like this is going to be.

Interesting notice right there because I too share the same thoughts as you.
The original Covid have successfully destroyed local and national economic status and made some other businesses crazy rich. So, I guess that these people in health field are maximizing the opportunity to milk more money from the panicking people because of all the variants that came out after the first Covid.
It really pushes me to believe such conspiracy theories.

Another thing is that, I don't have any idea how cryptocurrency are being affected by this news.

That is mainly because money comes into bitcoin more than any other coin and goes out of bitcoin more than any other coin as well. If there is a bull run going on, people will turn their fiat into bitcoin first, then into other coins if they want to, or maybe stay at bitcoin. If there is a bear run going on, people will take their money out of bitcoin into fiat, or stay with stablecoins as well.

So, all in all I would say even though people could turn their fiat into ETH or other coins these days, most of the money goes in and out of bitcoin at first. This results with a lot of volatility in bitcoin that turns out to happen in other coins as well afterwards.

Yes, with what we had experienced last year, I don't think people should panic now. And the good thing, scientists are working on it already and I hope they will release official statement regarding this omicron variant. As most of us already know what to do, there's no reason to panic because it will not do any good in our mental health. It may have initial impact in crypto but as we have seen during the pandemic, that's when we got a very good interest from non crypto users to look at crypto market. So I am not really worried about this new wave. It may even have good impact later on.

I get that some people could be worried about the new variants but why do we have to look at the very short term at all times. This covid situation will be over one day, god bless we are still alive at least the ones who are reading this, we have lost too many people to this and I hope that we do not lose anymore but daily we still get so many deaths.

However, eventually this will end, we are not going to live with covid forever, which means that after that is done, we are going to have a life without covid and no new strains or even strains won't matter. So, we should not look at what crypto could do during covid but should be focusing on the future and how it will be profiting us even after covid is done.

Crypto market is struggling to recover, not really recovered yet. I think BTC needs to return above $60k to make all people optimistic again, then the market can recover well. Let's hope that it can happen in December because this month should have a good trend if we consider crypto market history. The last pump of crypto coins is predicted to happen this month.

This is not the first time they hear that kind of news. So, people don't panic so much, they already experienced it many times. Also, people may already predict that a new wave of pandemics probably happens in December. They already prepared everything to deal with this new wave.

I follow the strategy of investing exactly at the moment when other people are scared. When there is a drawdown, many people start selling, but long-term investors should be strong and be ready to buy more on a dip if they really believe in what that hold. Bitcoin has already overcome many drawdowns and it has always recovered, also I know that it has already has a value as it is used in many financial operations, so I continue holding.

Bitcoin and crypto have proven the opposite of what covid19 can do. Maybe the state of mind worries a lot more people about it than the Delta, but I would estimate it's pure and bitcoin will still get us through the omicron and even the hyperinflation that's happening gradually started. So my guess is bitcoin will go up soon, holding baskets is the way to go.
My prediction is that all subsequent forms will go down and only bitcoin will go up.

The last sentence is way important than anything. Bitcoin has shown brittle nature when it comes to the news which are aint good for economy. This direct and indirect relationship of crypto with the real world is something that is steering the whole investor base. I think there is nothing wrong in that one, we are peeps, we have invested heavily into crypto, we all are here to book the profits and make the lives easier for us and families. So yeah why not, the reaction will be there only the thing is we should not move an inch while setting up our goals and reaching to that level.

Hodling is by default gonna hamper at mass level due to the fear of loosing money. These are hard times, everyone needs money so they will cash out. Those who will stay stubborn on not selling will surely get rewards when prices rebound.

Everytime we can't similar pattern of market progress with bitcoin same as that happened during the previous wave of COVID. Right now everywhere precautionary measures were taken in fast phase and people are prepared to face it. Earlier this was different and people panicked all of the sudden. Those are days that made common people get connected on internet for each and everything. That's also a reason for the pumping of the market.

A never ending new variant is pain as we know we are still fighting covid still new variant again appears and this will not surely end for sure. I am still bullish about bitcoin and it will still prevails no matter how many variant coming in because crypto adoption is hard to stop.

As much as any new variant that appears will not affect the development of cryptocurrency, it can be seen in the pandemic situation that has not
ended until now, the price of Bitcoin can still shoot very high this year. This means that Bitcoin cannot be stopped, the adoption process will
continue, although new variants will never end. So there's no need to worry about the emergence of new variants, because that doesn't stop people
from buying Bitcoin. Instead of worrying about new variants that keep popping up, it's better to focus on investing in Bitcoin. Because the price of
Bitcoin will continue to rise, even predicted to reach new ATH at the end of this year. We all should never doubt Bitcoin in a situation like now,
where Bitcoin can still be relied on as a fairly good source of income even though a new COVID strain appears.

How exactly or what makes you think that people are scared at the moment? You know that there wouldn’t be a way that you would be able to tell exactly that people are afraid to invest in the market and that they’re selling, just that there is a little breakdown in the price doesn’t mean that everybody is already running helter skelter and trying to leave the market.

So you still have to be careful, because the drop in price might just be a little drop that will still go back up again and reach a higher price than the one it was at post the drop. Unless when you would say that people are afraid in the market is when there is a heavy drop in the price, take for example when the market first reached $63,000 which was the first of all time high price this year, it then dropped to around $30,000, that’s when you can say that people are afraid and you can use that opportunity to invest. I did invest then at around that $35,000, and I have benefited from it quite a lot.

I agree, it's too early to panic. We don't have a log of information yet. Panic selling could leave us hanging if the prices rise again. Better go just wait and see how bad is it really going to get. I remember last year when the news about the Delta and the Lambda variant came out. People were freaking out that the vaccines didn't work anymore, but in the end it wasn't true and the vaccines still seem to work. Reacting to the first news without having any scientific proof is not good. I will sit this one out and not sell.

I think that if we think long term then panic selling will not happen, especially because of the virus issue that continues to grow. even though if I'm honest sometimes we are tired of the news about this virus. therefore I don't think there is a permanent effect, so this requires attitude and reflection from within us

Today three cases of the new Covid have been detected in my country I believe this is just the beginning cos it looks like we are going into another lockdown very soon in 2022, crypto will crash again cos many will take profits to get set for the lockdown, the only projects that will benefit from this are Play2earn games which will come in handy once lockdown is in action

Whatever negative effects on the market this Omicron variant will bring, it's all for temporary. Because we all know that crypto will always recover from all dumps because the demand never stops despite of the economic struggles of lot of countries. This time, i think people are now more aware on the newly covid variant as majority of the people nowadays are more protected because majority have been fully vaccinated already. So there is no way crypto will be greatly affected with this negative news, it might increase the demand for crypto users once lockdowns will happen again.

At least we can learn from the past how the price of bitcoin was shaken after Covid 19 but rebounded again until ATH occurred. Maybe a repeat can still happen this time, but I agree that this ATH was triggered not only because of Covid but also because of the Halving.

If you are hesitating to stay then back off as this is the best option to secure your money. We can't say for sure if ATH $70K-$100K is achievable this year or not. Speculation continues and of course we need to determine it from now on.

Are we sure that we had been shaken off with that Covid situation in the past? We've seen some declines but not as severe compared into those previous years on the market.

We cant even tell even if its the actual reason for such decline or just simply some simple correction or price pull back,thats why its not really that precise
on making some presumptions due to this.

So we cant really say if this one would make out some serious effect or would end up having like nothing at all.

They are right, in fact in 2020 almost all the speculative markets fell, Bitcoin also fell a little, of course it is the effect of the panic exerts its pressure on the market, however for that year gold did not fall much either, but of all the Speculative markets, the one that first recovered quickly was BTC, I think it was nothing more than the emotion of the moment that causes many investors to extract their money and put it on a safe side, but since this pandemic is something very strong, no It is known that it can happen in the market, but now there are some slight falls, but I am sure that the upward trend will not be affected.

In my country, the cases of new covid are also found but our society isn't too panicked as before. Even some people predicted these cases will end soon in January 2022. These people believe the cases are just made to make people stay at home during the new year. If the news of new covid already spread out a whole country, people won't be brave to move everywhere. If we consider these people's opinions, maybe lockdown only happen in December 2021 and January 2022.

Crypto crash only happens temporarily. We must realize that crypto market is growing fast during the pandemic. So, Covid won't impact so much for the long term on crypto market. People may sell their coins now, but won't sell all. They know if crypto market will continue improving. So, don't be so worried!

The crypto market has survived from the previous variant of covid, so we may expect that things will not become worst for crypto this time. In fact, this might even cause for the market to surge high again since a lot of people will be staying at home so they will have more time searching jobs or any resources that will provide an income. So there’s no need to panic and decide to sell most of the coins as we all know that this correction phase has temporarily made the market dump, and eventually the coins will recover in time. This new covid variant may be a big threat for the economy of a country but most likely, it will not threaten the crypto market.

i haven't been in bitcoin for long but i continue to learn from experience and also the advice of those who have been in bitcoin for a long time.  bitcoin won't be at the top forever nor will it be at the bottom forever, this is the best advice I've ever gotten from one of the old members on this forum.

We have to understand where the market is coming, or least the investors, this is a new strain and we don't know what will be the effect on us. So every financial market reacts including ours.

But rest assured that when everything settles down, the market will recover again, it might not be the 6 digits that we are expecting this year, but at least a good bounce to $60k might be a good sign that we are going to be still in the bullish phase.

This won't be a threat for the cryptospace, but there'll some impact felt. Because during the pandemic when the world market suffered, the cryptomarket kept growing reaching new ATH at some time interval. Those are hard days of life. Now more precautions were taken and governments are acting fast to keep everything under control.
Myself believe on a market crash in the upcoming days. After market correction there is no big bullish move. It was moving around $58k for few days and suddenly dropped low to $50k. Often reaching $50k and dropping down close to $48500. It hasn't gained good momentum to push itself high above $50k and turn bullish. Somehow we can hope for the previous ATH and not the $100k+ value.

Nothing is permanent, but the best advice in this situation is to take advantage of the bitcoin opportunity that has been presented to you, invest until it is exhausted, and earn money while you still have the opportunity. Because we cannot predict the future, we must earn money from bitcoin while it is still in existence. I would also add that all of the coins, stocks, and foreign exchange rates are currently in the red, with a number of countries once again suspending the opening of their tourism markets.

The new covid variant has an effect on crypto market due to the behavior of investors towards their investment but I think it wont be as bloody compared to the first covid scare last year. Even the market is declining we know it will recover again.

Thus there's no need to panic or keep worrying if the market will crash. Just think of what happened in the past, the market recover and most coins reached their new ATH. Thus, we should be used to this kind of scenario to avoid having doubt and worries.

Apart from investing in Bitcoin I think we also need to invest our money in some of the top altcoins,
and much safer for sure than buying meme coins although it can be said that the market is currently down,
it's just a matter of time sooner or later everything will return to the green zone

Same here mate, I've been there at your situation. The best advices about crypto investments are found in this forum, I also learned a lot by these guys right here about what to do, when to invest and what crypto are likely to have a competitive returns when I have no knowledge about these stuffs at all. We should always remember that investing comes with risks, that's why planning is very fundamental in-order not to trip in the future.
Whatever issues around the world, as long as it's a negative. For sure bitcoin and altcoins are always vulnerable, but as usual, it will recover and will have a much more brighter future. Hopefully this new strain of Covid referred as omnicron won't do much just like the year 2020.

I think all markets will be like that, whether forex or stocks, of course there will be new peaks and valleys. and when it comes to cryptocurrencies, news plays a huge role in these fluctuations. fud and fomo seem to be friends in the crypto movement, and it seems like this news was deliberately created by the whales

I don't think that it'll be down that much. I think we already surpass the worst and now is the time for recovery. We've been always cautious about our surroundings and I guess covid is not having a great affect again unlike when it was firstly introduced. We now know what the minimum health protocols are which could lead to our freedom from this unseen creature.

Covid-19 is no longer something that would come up on the news and you’d see the whole market tumbling. Things have changed now, and the world no longer fears covid-19 like they did the first time it came out and shattered everything by putting a stop to every activity in the world. Things have changed this time around, and even with the talk about a new strain of covid-19 no longer scares anybody.

If there is anything at all that would be leading the market down, covid-19 is the least thing I would say it is. Never forget that before now there have already been predictions that the market would face correction after the bull run. We should be happy that the high price lasted this long.

In addition, Covid 19 is not as much as at that time and this is a hope for the future,
but indeed we must remain careful and continue to apply health protocols because that is an important thing,
recovery takes time and hope it will be quick

Keeping healthy is only the way to survive this covid-19 crisis and as this new variant comes, the more we have to be careful of everything. As to figure before the day that pandemic started, the market turns it down but it recover back and it keeps growing. I'm not sure how this new variant affects the economy globally but I just think that it only gives less effect to the crypto market. So, I don't have to worry much, not this time as I've trust the system.

I think this new covid variant will not affect to much in crypto and even in our economy. Here in our country everything is going back to normal after a long time of sufferring from the start of pandemic. And we are looking forward for a happy christmas and prosperous new year. People now is no longer afraid in covid and they are already aware about the possible effect of it. But Despite of continues slow down of covid positive we still need to apply the standard health protocol to insure our health and safely from any virus.  Also in crypto no matter what will happen we should hold our tokens and don't panic in times of negative news because at the end of those news  if ever marlet will down, for sure it will bounce back.

No, it's definitely not the new strain of Covid that's making  a negative impact to the crypto market and brought down the price.
It has been proven before, right in the middle of the global spread of Covid, Bitcoin doesn't seem to be affected by that time. Instead it has gained significant value after the people learned about Bitcoin isn't directly affected by such health emergency.

Crypto market is just down and crashes from tine to time, and then it recovers. This has been a normal price cycle since.

The new variant omicron is becoming a threatful or atleast that is what media claims and another worldwide lockdown is possible if this becomes real and already government like Germany,US, etc started to restrict the unvaccinated people from public events which has no logic but still they feel it will slow down the spread which is stupid but affecting the financial sector again.

As it has happened over the last two years, information on Omicron is scarce and unreliable. Once again, the WHO is claiming that the strain is more dangerous when compared to the original strain. But I don't trust them. Even if that is the case, there is no doubt that it is spreading at 100x the rate when compared to the original strain. Look at the numbers from South Africa. The number of cases have exploded in less than two weeks. From a daily average of 2,000-3,000 cases, now they are reporting more than 20,000 per day.

Europe is currently the largest deployment for the new variant. even many international events cannot run smoothly due to virus reasons. indirectly this proves of course the economy will be disrupted even though it may not be significant. but we must be able to keep up with the times so that we can survive to face all of this

most countries have not been completely free from this pandemic, even many countries that have declared themselves free from the pandemic have recently been hit by a pandemic again. in my country the spread of the covid-19 virus has begun to be controlled but the government in my country continues to enforce strict rules to anticipate waves of stages 3 and 4.

Agree but the world is getting normalize until this new variant of virus came. People now are very cautius and do practice Social Ending on which the virus still exist but we are not scared of it anymore but they are doing social distancing wearing face mask and face shield. The problem really right now is the new variant that those country that their cases drop down for months but when the new variant came it rises. Hoping that the vaccine could work on that new virus

The fact that when covid causes many types of investments to die, cryptocurrencies can shine, the very open concept of decentralization makes many investors not hesitate to shift their money to cryptocurrencies and the presence of a new variant of covid in my opinion will make crypto performance even better.

Wont really be surprised if there would be some new variant that would pop out on upcoming weeks or months or years which is something that would really make things going back to zero or that casual strict health
protocols but hopefully it wont really be that be happening in upcoming days or months to come which we do all hope for everything to go back into normal or on the way we do live before without having
some facemask and face shield. Speaking of Covid which does made out some effect on overall crypto market then i dont see for it to be that really affecting because the price didnt drop that
hard even with the current crisis.It did just move sideways or even made out some good increase.

Worth mentioning that this "new strain" turned out to be so mild that most people didn't even know they caught it, while also providing them with an immune response that is more effective than the vaccines...  So much fear was being dumped on the public that people were really feeling like this was going to be the end of civilization.  Absolutely insane.  I get that not all things are going to be naturally irradicated, but this pandemic was so clearly a scam to get trillions of dollars playing on people's fear of the flu that I can't believe there are still people out there wearing masks and pretending like they're helping society in some way.  In reality, now that Omicron has proven to be a mild flu and provide better immunization than the vaccines, one could make the argument that it's those who are getting vaccinated and wearing masks that are causing this pain to be drawn out for our civilization. 

The further a virus strain mutants the less deadly it becomes apparently which is why omincrom is still serious for those long retired and elderly but it should affect the working economy less.   Obviously be careful with vulnerable people still but the overall threat is declining far more to the general population which is bullish overall.   We have always got the flu every year but most years its not killed off healthy middle aged people, that was the main difference this time around.