KTChampions
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April 09, 2020, 10:39:21 PM |
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Sure. In fact, halving is now more of a problem for cryptocurrencies than a growth driver. The change in inflation at this stage is a small but very significant change in the efficiency of miners. Many miners will turn off their miners, which will become unprofitable after halving, this will lead to a decrease in the hash rate of the network and its reliability. This will be temporary, but it will take some time for the miners to get used to the new working conditions.
That's correct because this market is set for a success, there has been halving in the past but still the miners are still here, in the long run this will be the competition of the big miners as they can survive and its also expected that bitcoin will increase so these miners will not only invest on their timely miners fee but they will only hold bitcoin for the future. I think this part of the evolution of bitcoin is very sad. There used to be decentralization among people, but now only among corporations. Mining is managed by large industrial enterprises. All of them are related to the law and I will not be surprised that over time mining will also fall under regulation (I mean transaction blocking and censorship).
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Kelvinid
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April 09, 2020, 11:53:31 PM |
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maybe the price of bitcoin will not fall to 3000$ if coronavirus does not occur because all markets fall when coronavirus exists, see all markets fall when coronavirus is there so all markets fall influence from coronavirus
We are not expecting that coronavirus will become pandemic and have a huge market effect. We are started at $7.8k this year and continue to move almost $14k and everyone got shocked when it dumps to $4k because we are thinking to have a bullish since halving has to come this year but unfortunately, we got this thing and many people are in panic selling causing the price to fall down straight. If this coronavirus never exists, we are probably seeing the crypto market at high.
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BlackFor3st
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April 10, 2020, 01:05:11 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
We are very near to the halving so if the Coronavirus never happened, I am pretty sure that the market right now is very alive and the bull season is already kicking. As you can see even if we are facing a pandemic but after the big crash the market still slowly pushing the crypto price forward. After we break the 10k barrier last February, I thought that we can see the bull season again but we have no control over the market situation so let's just hope that the big investors will do something to make the market more lively again.
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bgaf
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April 10, 2020, 03:06:02 AM |
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maybe the price of bitcoin will not fall to 3000$ if coronavirus does not occur because all markets fall when coronavirus exists, see all markets fall when coronavirus is there so all markets fall influence from coronavirus
Im not sure about that. There are other factor that could lead the bitcoin market to 3k not just the corona alone. But if there's a way to fall down of course there are chances for the crypto market to gone up also. We will see as we approach the bitcoin halving. Market even altcoins will be pulles up by the immense movement the bitcoin could brought us. I am not totally optimistic but from what Ive seen from past result price do mature during and every halving but thats not a solid ground for belief so I am not taking huge risk but just a moderate apetite for investment.
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miningguru
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April 10, 2020, 07:33:25 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
Maybe we are in the $11000 already, Bitcoin has a good momentum going to the halving month this is such a good momentum for another all time high, but because of the pandemic, we'll have to wait for the eradication of this virus before the market can recover and we'll see the good result of the halving. You are right, the price of Bitcoin is fluctuating based on the situation we are facing with the Pandemic, there are some countries losing their lives for this virus which makes the market is fluctuating hugely. So again today, we are seeing the fluctuation of Bitcoin price, this makes most of the altcoins are decreasing their prices.
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pealr12
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April 10, 2020, 08:44:36 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
i think even without corona virus that happened crypto will still go in its right way, crypto cant be stopped from going up ,some weak hands just got panic and drove the market down but recovered pretty fast.
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Natalim
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April 10, 2020, 11:31:41 AM |
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maybe the price of bitcoin will not fall to 3000$ if coronavirus does not occur because all markets fall when coronavirus exists, see all markets fall when coronavirus is there so all markets fall influence from coronavirus
It will just make the market strong,.. we did see it fall but it bounce back and the price now is already at $7200 and it simply says it has recovered from falling. Cypto market now is the most attractive market to invest with now that stocks are down, these investors should result to increase the value of bitcoin in the long run and I would say in advance that we will have a good year this year. Nothing is assured when we do talk about the future.We cant be sure if we would have a good year but at least we have seen that the price is starting to recover which came from sudden dump when corona virus issue comes out.We cant even tell if we would able to hold up 7k levels and would shoot up even more.Come to think that we do even believe that we will reach 14k usd and up when price is tanking on 10k back before and then the market dumps unexpectedly thats why im not really hoping that much as long i do see some gains then it would already be fine for me. Being conservative is good, crypto market has been trying to pump but bitcoin is not successful, now we are dump below $10,000 and we need to rise again back to that price to see a new hype in the market again. At the start of the year, people were so optimistic but then this pandemic happens, hackers dumping huge BTC, it resulted to a temporary dump, and you are right we are no assure of anything but we just have to trust our instinct here.
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superving
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April 10, 2020, 03:58:50 PM |
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If corona did not happen i think bitcoin is already playing @ 20,000$ price and while halving is approaching bitcoin will continue to rise up and making another ATH after the halving
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imstillthebest
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April 11, 2020, 06:50:18 AM |
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If corona did not happen i think bitcoin is already playing @ 20,000$ price and while halving is approaching bitcoin will continue to rise up and making another ATH after the halving
Based on the market situation the price of Bitcoin will be above 8500$ and due to Corona the price of Bitcoin may fluctuate even more. So still, corona is alive and we need to be very careful with the market and the price of Bitcoin will fluctuate make most of the altcoin will lose their value even more. i see . so no major difference at all because btc before is already stable and price could still have go down even without this event that happening which was the virus ( covid ) but you said the covid makes the btc fluctuate more ? well thats good because daily active traders can benefit with that , buying coins when drop and selling it when high . they can just do it most of the time but what im worrying is the other long term investors , they cant benefit on this fluctuations too much if price will pump huge one at a time .
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Sanitough
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April 11, 2020, 07:22:36 AM |
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i see . so no major difference at all because btc before is already stable and price could still have go down even without this event that happening which was the virus ( covid ) but you said the covid makes the btc fluctuate more ?
We are seeing a fluctuation I guess, bitcoin rise to $7200 IIRC and now back to trading at $6800, I guess that's the fluctuation the poster is talking. Also, the volatility is high for bitcoin. well thats good because daily active traders can benefit with that , buying coins when drop and selling it when high . they can just do it most of the time but what im worrying is the other long term investors , they cant benefit on this fluctuations too much if price will pump huge one at a time .
That's why whales love to move the market as they are day traders as well, they also make good money with short term movement. One example is when bitcoin dip this year and it bounce back to the current price now.
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Lanatsa
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April 11, 2020, 08:59:20 PM |
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maybe the price of bitcoin will not fall to 3000$ if coronavirus does not occur because all markets fall when coronavirus exists, see all markets fall when coronavirus is there so all markets fall influence from coronavirus
It will just make the market strong,.. we did see it fall but it bounce back and the price now is already at $7200 and it simply says it has recovered from falling. Cypto market now is the most attractive market to invest with now that stocks are down, these investors should result to increase the value of bitcoin in the long run and I would say in advance that we will have a good year this year. Nothing is assured when we do talk about the future.We cant be sure if we would have a good year but at least we have seen that the price is starting to recover which came from sudden dump when corona virus issue comes out.We cant even tell if we would able to hold up 7k levels and would shoot up even more.Come to think that we do even believe that we will reach 14k usd and up when price is tanking on 10k back before and then the market dumps unexpectedly thats why im not really hoping that much as long i do see some gains then it would already be fine for me. Being conservative is good, crypto market has been trying to pump but bitcoin is not successful, now we are dump below $10,000 and we need to rise again back to that price to see a new hype in the market again. At the start of the year, people were so optimistic but then this pandemic happens, hackers dumping huge BTC, it resulted to a temporary dump, and you are right we are no assure of anything but we just have to trust our instinct here. We dont need hype but rather a full or high adoption of crypto because if we do talk about being hyped then we know that bubble can burst anytime but well this isnt something new on crypto space. We have seen on how many times this market plummets and then recovers and pretty sure that we would really see a rainbow after all these things. Future cant really be known but somewhat we can make presumptions basing on whats happening on the current situation.
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Westinhome
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April 11, 2020, 09:40:47 PM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
It was the same nothing gonna change on it, Even do have a pandemic that we called Corona virus the cryptocurency are in still nothing change it will go down the price or up. It was normal for the crypto the prices like that and would always we know about we always seen crypto curency will take to that movement. But some people in here it is because of the corona virus happen so that's why the crypto world in a dip price situation.
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KTChampions
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April 11, 2020, 09:57:59 PM |
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Based on the market situation the price of Bitcoin will be above 8500$ and due to Corona the price of Bitcoin may fluctuate even more. So still, corona is alive and we need to be very careful with the market and the price of Bitcoin will fluctuate make most of the altcoin will lose their value even more.
It makes no sense to argue that the virus is "still here" already. I think the world has already changed very much and "as before" will never be. This applies not only to economics but also to politics, I see large-scale changes in this area and I am afraid that they will worsen the rights of people and the level of freedom that was available to us before.
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fourpiece
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April 11, 2020, 10:42:12 PM |
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Corona made a huge impact in economy and world stocks in every country, but corona did a good to our mother earth, we already forgot to preserve what mother earth gave us.
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novaprime
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April 12, 2020, 02:27:37 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
It was the same nothing gonna change on it, Even do have a pandemic that we called Corona virus the cryptocurency are in still nothing change it will go down the price or up. It was normal for the crypto the prices like that and would always we know about we always seen crypto curency will take to that movement. But some people in here it is because of the corona virus happen so that's why the crypto world in a dip price situation. Now only Corona news can influence this market because investor sentiment is now very frightening and many will choose to sit still instead of investing now. Of course, keeping fiat is the safest option but you will definitely have to use it when needed. Personally, I consider this an opportunity to consider buying some cheap coins and will keep until the end of the pandemic.
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rodskee
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April 12, 2020, 03:50:27 AM |
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If corona did not happen i think bitcoin is already playing @ 20,000$ price
for sure you are joking in this part?because even if Pandemic did not come to make people panic still the movement of market is not enough to make the Bitcoin price to $20,000 this early so don't pretend to be more bullish when there is nothing to expect.and yeah the price from January starts to grow until beginning of march but this not means Bull will come that early.anyway we are now nearing halving and we will witness what is the effect for all of us investors.
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ajaymukund
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April 12, 2020, 12:46:36 PM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
No, coronaviruses didn't destroy the crypto market, only the whales were the culprits. Bitcoin's growth move in early 2020 is too early to prepare for the Halving event. sharks pumped money to make the price of bitcoin grow and make people more fomo, then it fell miserably and a lot of people lost money. This is one of their manipulation plans and you should be familiar with the rigors of this market.
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coin_1122
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April 13, 2020, 06:39:04 AM |
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Based on the market situation the price of Bitcoin will be above 8500$ and due to Corona the price of Bitcoin may fluctuate even more. So still, corona is alive and we need to be very careful with the market and the price of Bitcoin will fluctuate make most of the altcoin will lose their value even more.
It makes no sense to argue that the virus is "still here" already. I think the world has already changed very much and "as before" will never be. This applies not only to economics but also to politics, I see large-scale changes in this area and I am afraid that they will worsen the rights of people and the level of freedom that was available to us before. This virus affects a lot about the economic growth of the country because there are some countries who have lockdown their individual states in order to control the virus spreading. Nobody doesn't know how long this will continue, but with this virus, many countries are affected very hugely.
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kynaz
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April 13, 2020, 11:27:20 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
No, coronaviruses didn't destroy the crypto market, only the whales were the culprits. Bitcoin's growth move in early 2020 is too early to prepare for the Halving event. sharks pumped money to make the price of bitcoin grow and make people more fomo, then it fell miserably and a lot of people lost money. This is one of their manipulation plans and you should be familiar with the rigors of this market. Whales are the ones who know the psychology of investors the most and covid-19 is just the reason why they control this market more easily. In fact, any financial market is manipulated and that's why the downtrend is overwhelming the whole market. I think when the covid-19 ends, the price increase will return soon and investors will feel better to participate.
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Botnake
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April 13, 2020, 11:56:52 AM |
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Whales are the ones who know the psychology of investors the most and covid-19 is just the reason why they control this market more easily. In fact, any financial market is manipulated and that's why the downtrend is overwhelming the whole market. I think when the covid-19 ends, the price increase will return soon and investors will feel better to participate.
The longer the virus still stays, it continue to damage the economy, it's not only a manipulation as it's really happening, the government are spending now while there is no money coming into them since no tax are getting paid to them as businesses are close. It's a real struggle and maybe there's a little manipulation but we know what people would do when there is a pandemic, they panic, and they don't invest. maybe this is the best time to accumulate as I also believe that the price will rise once the pandemic is over, however we are still taking big risk and we don't know if the price has already dip.
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