New Covid wave vs Bitcoin

[Asuspawer09]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

There are still a lot of countries that cannot recover from the virus or didn't really curved the cases. The virus clearly affects the market price of bitcoin in the past months when the virus is just starting to spread.

I'm guessing there are a lot of countries that are already going back to its normal thing even the virus is still not killed, because they are worried their economy that is going to be a problem to the country, Maybe this is what affects the market price to recover at this moment but for sure we could expect as the COVID-19 continue.

[elisabetheva]

many countries have tried to do "new normal" with the aim that the economy can run compared to having to do a "lockdown". however health protocols are more tightened and encouraged so that people can adjust to the "new normal" situation more actively not to ignore the rules that have been made. the main goal is to prevent the economy from stopping altogether, resulting in a lot of new unemployment and the government must spend a significant amount of funds to help the poor so that they are not affected most importantly because there could be a famine outbreak.

directly certainly not so visible the impact of covid on bitcoin and other altcoin transactions, the most disturbed are only new projects that must be stopped because investors are hesitant to invest in the new project with the state still covid. hopefully by starting to recover some economic activities, it will stimulate people to invest in bitcoin which is expected to continue rising.

[Oasisman]

~snip~

There are still a lot of countries that cannot recover from the virus or didn't really curved the cases. The virus clearly affects the market price of bitcoin in the past months when the virus is just starting to spread.

Most countries failed to flatten the curve, Infact the 2nd wave or shall we say the 3rd wave has been simultaneously happening from all over the world, and yes It affects Bitcoin during the time It was being declared a pandemic by the WHO. But, Bitcoin manage to bounce back after It hits the lowest since Bitcoin recovers from the bearish season in 2018.
Currently, Bitcoin wasn't affected by the continued spread of the pandemic anymore. Though it has been struggling to break the resistance level, but Bitcoin is still performing good somehow.

[famososMuertos]

In reality the infected will continue to add to the total count, the important thing is to have control over the people who become infected, Saudi Arabia for example has more than 100,000 infections but its rate is controlled at 1%.

The United States, the country with the highest number of infected, has a rate of contagion-deceased of around 5%, which means that to a certain extent they have controlled deaths, but not the rate of contagion.

So bitcoin, despite not consistently exceeding $ 10,000, demonstrated within its same volatility that it is possible not only to continue to maintain the confidence of its users, it also demonstrated that it can be maintained in such critical situations as the pandemic, without drama.

[Debonaire217]

I noticed that the Corona virus had a very big role in the decline in the prices of digital currencies, especially when the epidemic spread and spread inside China, where prices decreased by a very large amount and reached the price of 4000 dollars and no one expected the price to reach this amount, but after China recovered from this virus Recovered, and rose again until the price touched 9000 dollars, it is very likely that the currencies will fall again if we see a second wave of the epidemic and I hope this will never happen

It seems that you are implying that the price of bitcoin is dependent mostly from th chinese bitcoin hodlers. Though it's not, bitcoin is scattered all over the world and the price varies depending on the demands of the people with it. I do believe that the COVID crisis does affect the price of bitcoin but it is not just China who has the impact to this price change.

Perhaps, people all over the world needed to cash out their funds in order to support their living especially in the fear of goods running out. Hopefully, there's no food outage, there's some random people hoarding and selling goods and services in a higher price.