Bitcoin Forum

At this moment,bitcoin and all other crypto currencies had a huge collapse due to the corona virus affect. This COVID-19 had a great impact on the market. But at this moment it is a great opportunity to earn and store your bitcoin because after several months the crypto market will rise again and with the increase of Bitcoin market price,your stored crypto will be increased and you will have a huge amount of profit. Besides that,we all should pray for the current situation of the world and hope it will be over soon.

The crypto markets will rise again after several months says who? Your crystal ball?

That is a great advice but I think it will be better if you do a buy low sell high scheme because right now guaranteed that bitcoin prices is going down but that is up to you. Holding to your stock and waiting for it lower is a very nice way to idly earn a profit or two.

You mean be a HODLer? Obviously, that's the only thing that we can do right now, if you panic sell, then you loss already. As for the rise of BTC, let's say we wait and see everything settles down in the next coming weeks. I don't think the praying will help though, for the record, all markets are affected, stocks, commodities, precious metals or even oil.

Many crypto investors especially newbies are scared of this huge market crash but if you have been in this industry for at least 5 years this would be of no surprise to you at all. This time is rather good and cheap to buy more bitcoins and hold till the future when the market starts to rise. This would generate huge profits for those who bought in at this level.

Store our bitcoin and Forgot about this for at least couple of months or until november?so we can save our self from stress and frustration and also will not tempt to sell out our precious currency?

This kind of time is very tempting and many fails to sell because of panicking so for me better to just leave crypto price checking and just focus in searching interesting things in this forum and not just looking at the value day by day.

Good advice Mate and this is what most of us need for this situation of market dumping continuously .

The halving is in under 2 months, miners won’t be selling much due to the low prices, the supply of coins is cut in half so it’s very likely that the price will rise fairly significantly before the end of the year.

The OP doesn’t need a crystal ball to predict a rise in bitcoin once this COVID-19 rubbish is over.

I highly doubt we'll recover until the end of the year. This is going to take a very long time and I don't think crypto will be the asset people will focus on. I believe BTC will recover too, but it's most likely going to take a long while until then unfortunately. :)

On the other side though, this opens the opportunity for me to accumulate more. I always considered BTC dumps something like going back in time and getting a second chance to accumulate while prices are low. Hopefully things will evolve the same way they used to in the past few years as soon as the crisis is over.

How'd you say so? Unless you actually have proof from miners themselves whereas they said that they won't be selling. Not saying that that's impossible, but unless you know for sure, we're just merely speculating(which brings us back in the 'predicting' zone). Also, a halving doesn't automatically mean we're going to have a price rise especially in the short-term(and possibly mid term).

It's kind of weird that some things are taken for granted, and that anyone can even set a timeframe for the pandemic to end. All that is going on will have very likely long-lasting effects on the world economy which is almost certainly going into a new recession, in all likelihood a much heavier one than the one that happened 2008.

I think the price of BTC will not return so easily to the previous levels, because regardless of halving we have seen that BTC still follow the price of stocks, gold, oil and similar assets and that it has not proved resilient to such a major global crisis. Accordingly, let everyone think carefully whether BTC has touched the bottom or the drop may be even greater.

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I understand why you call COVID-19 rubbish considering how your government is set up accordingly to that. But I don't think it's wise to let the virus spread uncontrollably in order to infect as many people as possible to gain immunity. That rubbish can kill thousands of people in the UK, not only those older, but also very young people who are 20+ years old which we can see in many examples in Italy&Spain.

Can you please tell which month btc price will increase? You are looking like a big TA guy or one of the latest manipulation guy who know everything about the market?
It's definitely will rise someday but the way you are talking as if you are controlling BTC price.

On the one hand, you are right: BTC and other cryptocurrencies are decreasing in value every day. And it looks like a good time to buy or exchange coins.
But on the other hand: priorities are important today and it's time to recall the Maslow Pyramid. Bread, peanut butter, and toilet paper are becoming the main investment during the quarantine.
In such a case there should be specially deferred money. Then it will be a rational investment.

Guesses backed by air and words are hard to believe, moreso hard to even prove since not a single evidence was presented on the table regarding the rise of bitcoin. Even though we're sure that bitcoin will recover into this bad beat, the greatest question remains to be "when" and "how" since every other market in the world bleeds as of this very moment.

Perhaps this is even a foreshadowing of a recession that was long predicted by experts and analysts alike. Idk, but right now, one can only hope.

he's probably basing it on bitcoin's market price history where bitcoin's price will rise after a sudden price crash. and I think a lot of people think the same too. but in the end, it's just a speculation and people actually have no idea whether the price will rise or will continue to drop. I too think the same as the OP but I still have my doubts and don't get my hopes up too much.

Well, is better to store them than to sell them cheap, It is crazy to see how it gets stuck at $5k, and hard to believe how long it holds at $10k.

No one has a magic ball to predict the future, but bitcoin is a moving coin, the price will go up or down. but it will move, that's what we can be sure from now.

It may be long before the price of bitcoin would increase (if actually Covid-19 is behind the dip). Because the rate at which the virus is spreading is just uncontrollable. The more it spreads, the more the price dips (if actually the dip is caused by Covid-19) 

Buying more bitcoins is one of the options you can do for you to retrieve all your loses, but the question is When will bitcoin will increase its price again?. We all know that volatility of the bitcoin is the hardest thing to manipulate in the market, next to the volume of people using it. It is very risky to hold more and more bitcoin when you have no idea when is the right time to convert it. You need to make an extreme prediction for you to execute your next action or strategies properly.

Like what you've said, if you're in this industry for 5 years then you are used to this kind of events in cryptocurrency. So that every time this thing happens, you can now properly handle this circumstances and you will not think of the possible negative incidents that will affect how you store all your bitcoin.


In context, in situations like this, it is very hard to decide what are your priorities and what to do when you see that the Covid-19 around the world is spreading faster than a bullet. I'm pretty sure that this virus contributes or affected why the bitcoin decrease its price to $5000 USD. This only happens when the virus existed, but what can we do? We have other priorities like foods, medical kits, medicine and etc., that can we use to fight the virus. I suggest that be wise and intelligent in spending your money and prioritizing the things you would work on.

No one knows and all the predictions about the rising price of bitcoin or the rising of the crypto market are just a theory that has a low chance that will come true. Even there's is no Covid19 we all aware of the situation of the crypto market which no one can predict on what will be the next movement of it. Because of this Covid19, it devastated the different markets and, we are not sure about after this pandemic the price of every cryptocurrency on the market will start to recover.

I'm aware the big dump on the market in the past few days already effect many holders (most of them is now have big losses) and if we going to defeat the virus that we face right now, is there a chance that the market will lift? or it will remain in that kind of situation. Then, I guess at this point all of us are now storing our cryptocurrency or simply we will hold it until the price recovers and gonna sell it out on the best time.

I think now is the good time to earn some Bitcoin and hold until the price increases rather than selling at cheap price. However we are not sure that when will it happen, perhaps we will have to hold for a long time.

I do believe you're right, but others are correct in mentioning that nobody knows what the situation's going to be for Bitcoin in a few months. Just recently there was a Bitcasino.io giveaway that has shown how difficult it is to predict the price of Bitcoin. It was possible to change predictions on the 9th of March about the price of Bitcoin on the 13th of March. Well, guess what? Nobody was even close to that superlow price we've seen. The closest prediction was still more than 700 EUR off the real one, not to mention all those other predictions between EUR 7k-9k most participants made:
So in this situation, it's a very personal and responsible choice whether to sell BTC or not.

with the situation that we have so far i dont think people can still act or think properly . what is trendy right now is fomo . so most people basically just fomo left and right fomo mostly for selling their assets and buying important items like food , medicine , etc . so i dont think they can still remember to hold  . but few maybe because there are always people that are willing to wait and sacrifice  . these people can be called true wariors

The price increase of bitcoin is still unsure,

I don't say that I don't believe in bitcoin but in the current situation we have in the whole world to be exact, it is really a tough one. We don't know until when this COVID-19 will last. Until when will the holders will hold their bitcoins? Until they die?

I think he is right.I mean i agree that there is no factual proof of miners and everything but lets be positive on this.
Thats why LFC_Bitcoin has mentioned that we might get up move in last quater of this year.We all know this dumping in bitcoin market is due to poor performance in fiat market and that is because of covid-19.Streets are vacant,shops are closed and business are at rest but i disagree to the fact that this would be continued till the end of this year.I think sooner will be businesses up and running and this will cause infusion of liquidity which will help every market to get stabilized.
Soo my view is to be stay positive and try to invest and buy as many as possible depending on your holding capacity people will get healthy return for there investment.

This is not new advice, mate, old wine in a new bottle. The situation is different now, this is not the perfect time to buy and hold! Today I sold out my bitcoin, right now I don't need Bitcoin, I need cash money, safety and medicine! If you have extra money then buy Bitcoin and hold otherwise don't buy now, the price will go lower! Bitcoin can go to 2200$ too. So, be careful with your investment!

This is the most probably to happen, soon or later all markets will recover, or do you think this crisis will last forever?
No one knows what's going to happen, maybe tomorrow or in a week we can deal with another tragedy, but looking to the past and the how the world works, the most probably to happen is: the market will recover

If we really believe that bitcoin is the future, we must also be sure that bitcoin will soon rise in price again. So it's really we must hold
bitcoin until the market gets better. The current situation is very bad for the cryptocurrency market, the corona virus effect very bad for
the cryptocurrency world. That's right, hopefully the spread of the corona virus can be stopped quickly, and can soon found a special drug
to cure this corona virus. So the world economy can recover soon.

Store it with the best wallet you prefer if you are holding it for the long term. But if you no longer have the patience to look at it and you can't take keeping it anymore, wise up and do whatever you want.

However, we holders understand that this happens and won't last forever. Just make your patience a little longer and this is part of it just like the old times.

It's been said that coronavirus has no effect on the bitcoin price since it is not directly connected to bitcoin or any other crypto currencies. It may rise or not but all we need to do is hold for now and wait for the halving to come. I think that is the only thing we are waiting for the price to increase.

Lol. You call those people who thinks of their investments first before their health security as warriors? Sounds stupid.
Those investments and wealth are useless when you die.
The reason why we invest is to survive, buy our necessities and wants. So, would you rather compromise your survival needs just to invest in a declining market during the lock down? (Except those who are really rich and can afford to stock their needs and at the same time invest in this situation)
 This is the perfect explanation why the market is declining, is because people choose life over wealth. Not to mention the huge plustoken scam, covid-19 adds up to the burden in the market.

Without any specification when will Bitcoin price will grow but i support your advice and besides what will be the option aside from buying now?

does investors will sell in this losing situation?of course people will choose to HOLD unless we will badly needed money so have no choice but to release our funds and convert to Fiat.

but on the other side we can sell now and wait for another dump in which possibly coming soon as the effect of COVID-19 is now continues and many more dying daily .

Nothing is completely insurance. This time's clearly the good time to store coins, but how long the flu last? If the pandemic wipe out a part of world's population included many coin holders/investors? First, need to take care our health first before thinking about investing.

Dont bother answering those negatives because even this same advice comes out everytime the Market fall
 at least we have a contra FUD discussions.
there are so many FUDsters now coming from sleeping accounts that all of a sudden posting about the dead of bitcoin.
bagging our crypto for now is what we should do because there is a sun after the rain and this wont take long before
 we can see another growth again even without any magic needed .

"No one knows what's going to happen"

Maybe this was my point all along? Hence why I'm heavily discrediting the people who are saying that "the markets will recover in a few months". And I never said that the markets will never recover. It just always boils down to "no one knows when".

During times like this, everyone store anything they need to use no matter what it is. People store food, medicine, masks, alcohol, and etc., they store something that they will benefit for. Just like bitcoin, it is very important to store and preserve its value because we know that one day, it will help us achieve our goals. The thing here is how good are you in making predictions about the crypto market and its price. So if you really trust in bitcoin, then the good thing to do right now is to buy and store it with patience and self-discipline. Everyone's hoping for the bitcoin to lift again but no one knows when.

According to the sources
Due to Shut down of banks in many countries , bitcoins search result on Google reaches an all time high.

If Fiat stops working people will ofcourse look for alternatives. You cannot just go to any shop and ask them the price if bread in per kg of gold.
Bitcoins and other cryptocurrencies are more reasonable.

During the economic crisis people are highly dependent on them honestly.

Won't hurt the government to give it some credit.

Storing bitcoin will be necessary right now if fiat can not work as usual. People will try to use the other payment system to buy their daily needs because they need to survive from this pandemic. It can help crypto will be popular because people can use crypto at their home to pay whatever they buy at the store. If that happens, the crypto market will rise soon, but we don't know exactly when it will happen. We can only prepare while we can try to make a profit from what we did.

Yes you are right.for covid-19 now bitcoin price very dump and i think it,s right time store bitcoin because now we store bitcoin and hold some time . if we hold big amount and store bitcoin so in future we earn good profit.and i think now is the best chance to buy btc for store. 

I think there are a number of factors which will drive up the price of Bitcoin sooner, rather than later. Maybe the pump comes this summer.

People are concerned about the money they have in the bank. In the US there is no reserve requirement now, and with the supply of dollars increasing massively (and negative interest rates in Europe) people are actively looking for a place to store and protect their wealth.

Physical cash is an option, but it can be devalued overnight, is easily stolen at borders, and is difficult to convert to electronic format.
Gold is an option, but it has the same problems as physical cash (or worse). The only benefit of gold over cash is that it is impossible to devalue. But you still have to pay to store it (same effect as negative interest rates) and there are problems with price manipulation.

Securities are not a good place to be either, as the organizations offering them might very well go bankrupt and never be able to pay dividends in the future.

The only safe haven seems to be Bitcoin. It is the only commodity humans have which is portable, divisible, and can be transported through time without any loss.

After people realize this, and after the new supply of Bitcoin is cut in half, the price of Bitcoin will go wild.

Gold doesn't have the "impossible to devalue" benefit. Take a look over the 3M charts and see what I'm talking about. Gold is unfortunately of no help in these times either. Nothing is, as far as I'm concerned. Literally everything is falling. It's like an everything-bubble, contrary to what I thought the bubble was made of. Manipulated or not, gold is unfortunately decreasing in value too.

At this exact moment I think holding cash is the best thing you can do for the short term: if you hold anything else, be it Gold, BTC, stocks or whatever you want, the decrease of their value + the inflation of fiat will make you crazy. But fiat will not hold on for much longer. Long term obviously looks different: as soon as the columns holding the economy start breaking down, gold & BTC will probably jump straight into the safe haven area.

Gold vs BTC is a debatable subject. Gold isn't portable but is tangible. BTC requires technology and internet connection but gold can be faked and so on. I thought gold would be the first to pop up as a safe haven during an economical crisis, but apparently no. Moreover, I bet people will start being afraid to trade physical gold because "the virus can live on its surface".

I have no idea, man. I feel helpless when it comes to safe haven assets in these times.

Cryptocurrency market is the best market I have joined in my life, it falls and rises back, unlike the bank shares I bought in 2007, just before I went for my  HND, they are still dead till date, I don't bother for dividend or bonus because inflation has overtaken them. I should have known bitcoin before today.

seems like the effect is obvious now mate?look at the market movement now it is growing and all are in Green lights.
is this the sign of recovery?or another Whale trap?
there are some currencies that even high with more than 10% so i guess this is something to look at because were near Friday again in which the dead point of market as what many says.

Holders will be those who will benefits from this coronavirus pandemic. Most investors who sold off their portfolios will regret their actions once the market stabilize, things like this will only affect those who aren't conversant with the way the digital currency work, the manipulations that are involved in the market. Store that Bitcoin in your confers means your strength whenever the price of the digital currency increase. Am holding my stash because I believed in the world of digital currency and not that of fiats.

As iny early growth is good even I do not think that this is a whale trap for manipulation again, which is clear I have been holding bitcoin in the basket for a long time maybe until the corona virus condition disappears.

This is a good recovery. Let's see in the next few days whether it will continue to increase or decrease again.

Well, this could benefit anyone who is interested in investing for a long time. The price is moderately low now. Not even the bitcoin alone but also many other top cryptocurrencies. There is no way the price will not recover and if this eventually comes, we might be looking to making at least 40% interest if bitcoin is purchase now. For someone like me, I have no option than to keep my crypto safe in my wallet and hope for a greener day.

Yes, the current market is just temporary because of the effect of this COVID19 virus. As soon as this virus stops and people are treated, everything will be back to normal, just the earlier price of bitcoin this year. Hope everything will soon recover and this virus will stop from spreading. Let's just keep believing and praying and keep on hodling for our future.

That's the best way to do for now in the midst of crisis. Since almost all the country in the world declares a lockdown. We just need to wait until this corona virus disappears. When that time comes, I think all of us can store more bitcoin in our wallets. As for now, Let us pray that when it disappears the value of the coins in the market will back to its normal state.

Good advice, but the value of bitcoin does not change, it only changes the price, the fact that we hold them at the present time is correct if you are intending to sell them, the market price will become coming back soon.

He's not wrong though, the market did rise today, though not the original price 1 month ago. The price is now currently at $6,700 as of writing this.

Though we can't really predict the future, all we could do is speculate and invest what we can afford to lose. Just like he said, holding is one of the best strategy right now (at least for me) because it's not like Bitcoin isn't growing. Bitcoin is bit by bit growing with adoption and with that, the users, and the price correlates with it. Dumps are just temporary, we've already seen Bitcoin rose many times whenever a dump happen.

If there's a sudden dump then, I will expect a pump after it. and vice-versa if there's a sudden pump I am sure that after that there will be a dump. The dumping of the price last few days is very fast it's just a matter of seconds and we reach the 3600$ price and after that it bounce back to 5400$ and now we are at 6700$. It's easy to predict the market if something just like that happen.

All of the prediction comes from crystal ball LOL, It's not going to be a prediction if it is a sure thing.  ;) You don't need to be hard on this newbie.

The world of cryptocurrency especially the bitcoin makes a huge impact to the economy and this is because of the virus spreading right now and most of the people withdraw their funds just to spend and use to the things they need just to survive and some of them are just holding their coins because they are afraid to lose it the same time because of the decreasing of the market price still it is a good opportunity to the people who would like to make an investment at the early time because they can now make it easy to make a profit because by just following the simple investment of buy low and sell high they can now make a lot of market income still we are looking forward to getting a lot of profit .

I agree with you. Although the corona virus also affect the cryptocurrency world, we must not stop storing or what we call HODL for bitcoin. Bitcoin price is collapsing and i think this is the right time to buy and store bitcoin. Perhaps next month or so the virus has stopped and before you know it, the bitcoin price is pumping again!

do you mean some crypto wallet or what  :)

Of course, HOLD BTCitcoin is the best option if we have the possibility. We can also buy more because difficult times are coming and we must be prepared. There is a long way to go to recover the economy. Bitcoin has a good chance to gain more users despite the pandemic, the crypto community does not stop.

There is no guarantee that prices will go up, still pay attention to the investment strategy you use, don't ignore the analysis, the crypto market is not magic, especially in the midst of this turmoil, market movements are extreme and quite difficult to predict. But for the long term, this is quite effective, even though we are limited to the speculation zone. Always use the principle of never investing money that you can't afford to lose.

as you said difficult time will come, and there is also chances that you will also be affected of those of those difficult time . You can only buy btc if you have money stocks that can be use incase worste happen.



Holding btc is one of the best option as long as you will not need it , but if times comes that you accidentally needed it therw is no way you can hold it that long.

The market is too volatile and we cannot tell when is the time it comes up and down but from the previous weeks there is unexpected thing happen and this is the virus outbreak this time it really hits the stock market and the cryptocurrency market and some of the people already see this coming and they made now a decision to pull out their investment and assets and some of the people does not have any time to do that because they already make an investment when the market is too high and the only thing they can do is to hold their coins also it is a good decision because instead of losing their money because of the volatile market it is better to hold our coins because the halving is coming too.

Most of those who sold were bots and leveraged traders. You could see it on the charts because the majority of the collapse took less than an hour. Who has the ability to be online at the exact time when it crashes and ready to hit the sell button, when most of the candle forms in 10 minutes and then it's all over? Daytraders, bots, stop losses...
Investors, meaning people who hold coins in their hardware wallets, have no chance to catch this.
I'm in that group and I accept my fate.

You are right. The crypto market is very volatile, news and rumors have a profound influence on the fundamentals. In investment and trading, the mentality is needed to face extreme market changes. Strategy and analysis become a strong basis for making decisions, do not panic let alone FOMO. In general, when prices go down it has good potential to fill bags, but please also note that there is no guarantee that the market will recover soon, it takes time, so understand the situation.

Bitcoin in the situation with coronavirus behaves the same as all world official currencies - a crisis is a crisis. Of course, we are expected to rise after all that collapse, but I am sure that this will happen in about six months - not earlier.

I strongly agree with the opinion that for now it is better to save the bitcoin we have and if we have more money we can
buy bitcoin again. Because the price of bitcoin is now cheap, and unstable market conditions are very dangerous for us
do trading. But usually these conditions do not last long, hopefully in the near future the price of bitcoin can go up again.

But the thing here is that the pandemic is not the major cause of the dump of bitcoin. There are other causes of this dump and I think that is the dumping of bitcoins of the PlusToken scammers. They are moving a lot of bitcoins to a lot of wallets and put it into mixers. After the huge fall back at $5K, after a day, the price went back to $6K so I don't think it will last 6 months since we will be also having the halving.

Storing Bitcoin for the purpose of holding it for a period of time is a strategy of most Bitcoin enthusiasts during its price fall. It has always been the way market works. However, with this global pandemic disease that have massively affected every aspect of life, most probably Bitcoin will have a harder time in coming back to its original state. And thus, plans that must be taken out towards your Bitcoins must be thought about comprehensively. As they say, only time will tell if everything will go back to normal.

Many have been in this community for many years and I think this depression is not new to them. For inexperienced ones, as well as newbies, I think it is best to learn from seniors. Strategizing and analyzing the future of Bitcoin's price would be a great help. For sure, it would take time to see the Bitcoin's graph having a positive slope so I think buying at small amounts only would help rather than holding because once we see the rise, we can have a positive feedback from our assets.

This is one of the post that most investors should listen and follow, buy the dips whenever you got the chance to buy cheap BTC. Because after the 80% flash crash, it recovered in just a matter of days after the crash. Showing the strength in price. If you've traded with that and bought the lows, you have gotten really great gains.

Bitcoin price has all time low ie $3500 in 2018 ago, many people had been suprissed at that time. Now bitcoin price has been decreasing again and even it was not bitcoin only but most stock, oil and another investment was decreasing as well. We can see bitcoin price had fallen almost 50% in a few days that I think it will give a bad effect for bitcoin price in the future.

Because in last few year we were consider that bitcoin is safe haven place but by this situation I can't justify that. Whereas most intention's people to buy bitcoin are to store their money or an investment place but will they still justify that bitcoin is good place to store money? The answer will not if we see to this situation. So I can't predict that bitcoin will have high price at this year.

Well congrats. I hope you're one of those who earn, or buy, and store bitcoin. You surely gain profit since bitcoin price increased. As we all know, some places around the world are recovering from COVID-19 so there will be more people to invest again or should I say back to their normal crypto operation.

Your advice can only be taken by those who have excess funds, and not someone who is barely struggling with his finances. Of course, everyone likes to save money but sadly we can only save what we don't use. Remember that Bitcoin saw worse in 2018 even without any epidemic. It recovered. We also expect it to recover again.

Better yet, now isn't a bad time to revisit your *storage method* for Bitcoin. With everyone stuck at home, it isn't a bad idea for those folks who have Bitcoin stored in *unsafe* methods to convert over to safer methods (paper wallet hidden, etc).

If anyone has an online wallet, now may be a good time to figure it out.

It seems to me that people who do not have funds and do not invest their money in cryptocurrencies they too dangerous for investment. And the main rule of investing : "You have to invest as much as you can afford to lose without harming your life."

Those who bought at $4,100 might be the luckiest If ever the price would rally back to 5 digit or better hit another ATH after the block halving.
Anyway, the current price today is still considered as a good entry point  prepping up for the possible bull run.
And, we would see a much better figure if the spread of corona virus will be contained in a month.

    I think this period is the right time for investments in crypto. People sold crypto during this period of COVID19, and prices dropped dramatically. It is a starting point for new investors and I think this opportunity to invest should not be missed. Unfortunately, not everyone has investment funds, and the basic rule in crypto is to invest only as much as you allow yourself to lose.

well, I agree. I'm 100% sure that bitcoin will rise again, it's hard to say when but it will for sure. Now, I'm holding my bitcoins, I don't want to sell them. Another thing I do is staking CDL Token (on CoinDeal (https://frontend.coindeal.com/staking.html?_ga=2.253587470.609382328.1584954736-1581535037.1556880011)) because I want to earn up to 11% rewards per year (in CDL, BTC or USDT) which is great imo

The bitcoin halving is coming and there is a chance that the market price of the bitcoin becomes profitable again and give a good market value and people already see this opportunity to make investment and appreciate the use of the cryptocurrency to make more profit also the halving month is coming for the next two to three months and there is a time again to make more investment and wait for the halving, still be careful because the market is volatile we cannot tell what will happen on the price.

Well, this kinda good advice. We should take advantage of the current status of the price of bitcoin, even if we can't really guarantee when will bitcoin will rise, it is still a good chance for everyone to store enough bitcoin to make a decent profit in the future.

This attraction is repeated every year and all the same mistakes. Bitcoin is a profit in the long term and nothing more. Everyone who has earned good money on bitcoin says that only time has helped them. Don't be stupid - free cheese is only served in a mousetrap.

Even I also think that we all should store our bitcoins , As in my opinion bitcoin prices will hike in no time, in near future the price could go upto 20% more because of all crisis happening in the world the price of bitcoin is low as soon as the market rises again the bitcoin will show its true value again. so i think that we all should store our coins right now for the profits in near future as soon as the corona is over.

When the market started crashing I wasn’t afraid. Although I don’t know what the future holds, but I felt like after everything the price of bitcoin will still go back up and the way I’m seeing it the increase that will follow after this fall might be huge.

Another reason why I am not worried about this situation and what has happened with bitcoin is because I learnt early to be cutting my coat according to my size, so no matter what happens I know that whatever loss that occurs is something I can afford to take. I still have plans to invest more but not now, I’m just going to wait till this issue of covid-19 pass.

What do you really think is the cause of this current dip? Covid-19 has been spreading and bitcoin has held its position at $6k zone and this turns out bitcoin may just be resistant to this looming global financial crash.

Always praying and striving for this situation is the main thing we have to do and indeed, with the collapse of the market price this is at least a moment for us to buy more or maybe just to keep hold it because after all, there is no need to panic and worry about the future just because pandemic coronavirus, because when this situation has improved and all activities return to normal, then recovery and improvement in the near future like something that is sure to happen, be patient.

I really hope that this situation will end soon and the world will soon recover so that people's activities can return to normal, when the bitcoin price dumped a few days ago I still hold it and don't panic sell unless I really need money for my needs. And now it seems that bitcoin has recovered its price back to 6.5k$.

Buy and store might give you headteacher  just play with markets buy when low and sell when high in this current situation

So many reason to consider it just happen that Covid19 created so much panic to the people and resulted to a market crash on many countries. Store more bitcoin because its a lot more cheaper and the cryptocurrency is still growing, more chances to get a higher profit if you do it as early as possible.

Surely this is just a traits of bitcoin in the past years we already experience a lot of dump, This is not all negative since their was a dump in the market that probably because of the coronavirus spreading.

But obviously bitcoin price in the market is just volatile and this is the reason why bitcoin is profitable meaning this dump doesn't mean negative at all since investors could invest again in bitcoin to gain profit plus market is not going to reach a zero market price because of the investors demand.

It is just a pure prediction we couldn't be so sure about the price or anything about the future.
We couldn't be so sure if it would only take a several months for it to rise again it because everything has been affected by the virus.
I think there are so many country that have implemented a lock down for a certain period of time and because of it surely their livelihood would be affected.

It had a great impact indeed not just only in crypto market but in the global market as well. This is because of massive interruption in our transaction due to worldwide quarantine. But anyway, I doubt that the market will recover within just several month, perhaps in my opinion this will take some time probably a year. And the the bullish market we all have been waiting for after the halving might not come. The best way to do right now is to get this chance to buy more coins and pray for that this will get over sooner.

Agree everything seemed to be passive right now, sites got themselves to shutdown/close for a while as very few people come to visit. Except to the establishments that needs to remain opened. Markets collapsed because of such uncontrollable panic people has, shaping their mindset I need to be safe above all else thus, they tend to sell off their assets to buy necessary stuff that would save them on staying on their home. I agree as well, that recovery might take much more longer, and it number of infected people would increase as ain't everybody cooperating some others are violating the most basic guidelines on staying home due to getting sick/fed up being locked up in their room quite longer.

Yups we are now stabilizing at $6k zone so as the virus spreading yet market is staying at this level so maybe there are no dip coming now.
i will be limiting my expenses now so i can stand holding even crisis is really indeed now as the budget for the whole family turns almost double this weeks and surely will grow more as all of us are frequently cooking and purchasing more and more so Op is correct let us Keep our Bitcoin and try to find buying if theres a chance.

Praying for this current situation to be over is something that everyone must do, everyone should always look up to God and ask for forgiveness. And then as for Bitcoin, we are not really sure what’s going to be next, but before now I have always believed that there is going to be an increase after the halving, but since this happened, I can’t tell what’s to happen next, whether the price is to go up then or not.

But anyway, cryptocurrency investment has always been known to be volatile and anyone investing in them is doing so at their own risk, so I’m not really worried, cause I knew that and also did the right thing not to regret.

I think it's not impossible if bitcoin will rise again in a few months, one of which is from the technical side because the support at the price of $ 5500 is still unable to break, and as we know that the current price of bitcoin at $ 6000 is certainly not an easy thing to be able to back up with the conditions that we are currently experiencing, but in terms of stability that is maintained it is not impossible if bitcoin will become one of the first digital currencies that can be used by all countries in the next few months, I think this is triggered by currency weakening in every country that is getting bigger so that countries also need alternatives to be able to suppress the weakening of the currency so that it does not add to the weakening by adopting bitcoin one of them.

These kinds of posts are pointless and have no baring on anything bitcoin related.  This is simply unproductive so whats the point of making a post like this?  First of all we have no idea how long the corona virus effect is going to last.  This could last several more months , if not longer.  There is no guarantee bitcoin will ever make you "huge amounts of profit" and it's silly just saying so.  Too many people are concerned about nothing other than how much money they can make in the bitcoin space.  How about concern yourself more so with adoptions, advancing bitcoin, telling others (friends and family) about bitcoin and making some real chance in the cryptocurrency "sphere'. 

Lets not forget that bitcoin is not inherently and investments.  It was created as a money transacting program, a border-less, decentralized, non-controlled asset that one person can send to another with out being controlled by some government entity.  Having nothing to do with "profits".

Despite these bad conditions that we are all experiencing, we can look positively at this situation, as storing our money from Bitcoin and other digital currencies represents a great opportunity for us at the present time due to the low values of the cryptocurrencies due to the presence of the Crohna virus, which means an expected increase after the end of The crisis and the return of the crypto market to its normal position again, thus achieving a higher profit through price difference.

your strategy is very common to us that buy bitcoin in lower price and sell in higher price but hope so after this crisis hope that bitcoin price is back in huge price again.

I find it hard to believe that most cryptos that are worth anything will not go up in price. This is still the beginning and I believe crypto will mostly go up in the next few years with ups and downs in between. Some may settle at lesser value but I still believe more in the price going up then down. There so many reasons for me it is mainly the future new users adopting to the currency and we still have not gotten to the point where companies use crypto as stock options and when we do that will set off another crypto hype and rightfully so.

Crypto market collapse happens very quickly. Investor panic adds to the worsening market conditions. But, you are right with the market collapse (especially Bitcoin) is the best opportunity for new or senior traders to re-buy crypto coins. It is not thought if the crypto market, especially for Bitcoin, is able to re-pump. Bitcoin was re-pumping only after Bitcoin collapsed.

From the rising price of Bitcoin, I think there are a lot of people who get great profits. I personally also utilize this condition to re-buy Bitcoin. Although a few weeks ago I suffered a loss and now I am profitable.

It is the good time to have more bitcoins in your wallet because I believe it will increase also this year after the lockdown to different countries will end but they there is no sure about that the only we have is hope but we are the one who can increase it. So once we have that opportunity don't let it to lose because we have a chance for more profit

Your idea is great but for some wise investors they are doing something whatever the market situation is like they cut their loss and wait for the price to fall down and buy again but this will not apply to the newbies as they will not be able to get the right timing of buying and selling.

So your idea is great for those newbies, just hold their investment whatever the market situation is because the market will surely to bounce back again even if it will goes down that deep. Because of the pandemic the market collapse pretty bad but as of this moment the market is starting to climb up again and this is the scenario that you are talking with to hold it until the market recovers then wait for your profit before you will sell your assets.

yes that's a great idea, take this opportunity to buy bitcoin while the price drops low, we all knew that this Covid-19 is the reason why bitcoin price collaps, but if you store some bitcoins, or if you buy bitcoins now while its low priced,  we don't know soon when the market returns back to normal and the bitcoin price will go high then you hit the jackpot.

the main problem now is People actually starting to Get tid of their coins because or starvation,most countries (specially in Asia)is now having problem because of Lockdown and their People has nothing to go but selling their crypto and will just Buy again in future.
that is why HODL is what we need to do now,for those who can afford to Invest in this Pandemic they are the one that will surely profit in Future.

This collapse is temporary and it will recover soon. In the last two week, it showed huge collapse to $3800 but recovered slightly and now over $6700. It is time to hold Bitcoin. Smart investors are gathering and holding Bitcoin as it is the lower price than few months ago. So corona virus effects will no longer exist after few weeks and every investors of Bitcoin will enjoy pump.

Well, that is something that we can't be sure of,
Our current situation in the market is still in bear, even if we see its improvement in price, we can't tell that this bear will be temporary or will last for more months.
But it is true that we should gather and hold more bitcoin since its price is still low, by that, we can maximize our profit when the bull run comes.

Right now what I am praying for is that things get better, I want this current situation to end and also for a cure for this virus to be discovered. If there was a cure for it, I believe that a lot of people wouldn’t have died by now, it’s due to there is no cure and that’s why so many lost their lives.

If this situation continues it might still be affecting somethings, although Bitcoin seems to be getting back to the top, I am surprised when I saw the price finally crossed from the $6,500 to over $7,400. Things should really get better, CAUSE’ I know that when it does, the market will still go up the more.

It is growing High now sitting at almost $7,400 value this is what we call recovery.Lucky that i bought some amount when the price fall at $4k value and now i am ready to sell those(Not the amount i have been saving since then)to at least sell high and buy low again.
in this way i can manage to grow my investments without risking my holdings for Long.

This is a good advise, the good thing to do for now is to invest because the value of bitcoin is still low and for sure if the bitcoin rise up again then your investment will be profitable. Based on what you have said, the crypto market will rise again, who says that? What article you read to know that information, if you are going to share information like that, you should include the link where did you got that information becausenit would not be reliable if there is no source from the information, it will seems to be only opinion of yours. Habing an opinionated topic would be not interesting especially if it talks about the price if the bitcoin.

Yeah, the sudden market crash in all assets markets made bitcoin plunge deep but some of us also see this as a real opportunity to purchase bitcoins at a very low price. Once this dangerous disease is put under control and people start going about their economic activities it will definitely bring about the long-awaited bull run of bitcoin. Though this run might not set a new ATH but the profits worth taking.