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Author Topic: Is Bitcoin Doomed ?  (Read 748 times)
Thavash (OP)
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March 14, 2020, 09:22:50 PM
 #1

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc


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March 14, 2020, 10:00:38 PM
 #2

the Corona virus has really affected not just Bitcoin but the whole global markets. But to say that Bitcoin will be doomed? Nah, I don't think so, it's hard to bring down a market wherein there are a lot of players, whales, average joe's traded 24x7/365, from Asia to Africa and everyone has different goals, store of value, payment method, investment assets.

We don't need to panic, this is just another bump along the way, folks are going to buy at every dip, majority are selling, but it doesn't mean that this is the end-game of Bitcoin. The only thing that I can think of that can really affect it is that if quantum computers where able to steal our Bitcoin. But that is a different discussion.

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March 14, 2020, 10:02:18 PM
 #3

No, Bitcoin is not doomed. Everything will be back to normal in some months but the economy of the world will suffer for more months after the end of the corona spread. For now , don't panic , don't buy stocks , don't buy anything , keep your cash near you.

Yep we entered Bitcoin for the freedom of money but that was some years ago until countries tried to regulate it and will not stop until they do so but this has nothing to do with the price decline as its just a normal situation around the world.

Cause - effect , nothing new.

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March 14, 2020, 10:23:32 PM
 #4

As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown

The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K


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March 14, 2020, 10:24:20 PM
Last edit: March 15, 2020, 03:42:02 AM by ALLON2017
 #5

Don't think it's doomed, but can't see the global markets recovering any time soon , I see another week of Market turmoil, and bitcoin dropping under 4K. But don't  take my advice, Dyor
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March 14, 2020, 10:57:27 PM
 #6

As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown

The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K


Limbo is no fun! And I am not talking about the Caribbean party dance. Wink
Let it move. It may take a long time, but it will get where it needs to be eventually.

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March 15, 2020, 01:52:03 AM
 #7

Nope, of course not, although I do consider this trying time to be a test for Bitcoin as well as to those who own Bitcoin. The fight is not about COVID-19; it is about the people in the community who are swayed by this phenomenon and ended up panic selling. But I am somehow elated to see a lot of people expressing their conviction to continuously HODL despite the market nosediving. I am one of them, of course.

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March 15, 2020, 05:05:26 AM
 #8

Bitcoin isn't doomed. Yeah, it's bearish and it'll take a couple of month for recovering. Coronavirus affected the whole world economy. And we may say there is no safe haven speaking in these terms.
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March 15, 2020, 06:41:16 AM
 #9

1 year ago it was 3500$ I wouldn't call that doomed, but a good investement.

Bitcoin is not a bubble, it's the pin!
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March 15, 2020, 08:19:17 AM
 #10

Of course, bitcoin is not doomed, but it showed its very great vulnerability to various kinds of stressful market situations, and if conservative assets such as stocks or metals survived this pretty well (8-12% loss), then bitcoin fell very much. And it will take time to recover.

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March 15, 2020, 08:25:39 AM
 #11

Absolutely not, the value of tulips can only go up.
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March 15, 2020, 08:28:32 AM
 #12

Bitcoin will not be doomed, even if it costs $ 1. This is a completely different thing than fiat in order to make similar judgments to it.
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March 15, 2020, 08:36:07 AM
 #13

If it be doomed if miners stopped mining blocks, however, they have continue to do even in crisis like this, so this doom scenario won't happened. The challenge has been accepted by bitcoin, others might question is validity as a store of value in this kind of situation, but I do think that bitcoin or some other crypto will escaped. Might take months or years though, so it is still a long road ahead, but it will not meet its demised.

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March 15, 2020, 08:37:49 AM
 #14

Bitcoin will not be doomed, even if it costs $ 1. This is a completely different thing than fiat in order to make similar judgments to it.
We have to understand why people keep using the words doomed or dead or destroyed with assets. Thing is these assets are never destroyed unless they are destroyed physically. That's also one point where bitcoin excels over precious metals and gems.

Now investors are divideable into two types : one who have a belief and has reasoning behind their belief and ones who just blindly follow something because someone told them to buy something.

This second group always feels these emotions when their held asset drops in price. They will blindly try to associate the cause of the drop to any reason which they can think of. That is how the human mind works.

R


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March 15, 2020, 08:39:54 AM
 #15

the current situation with an epedemic corona is definitely certain to have an impact, the size of the impact will be seen in the next few months. but many are also looking for opportunities for this to make a profit. I agree that the blockchain is rooted and will continue to run, signifying there will definitely be a change. it is natural that we remain patient and do not be carried away with misleading news that actually makes a loss. hold on to keep what you have until the situation improves.

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March 15, 2020, 09:01:05 AM
 #16

Upvote. The bitcoin is not doomed, just that it has suffered the repercussions done by the virus to the economy. It's just like how one thing is dependent on the other, Bitcoin is dependent on the current state of what or how the economy is. With so many companies temporarily stopping their works, countless countries' economies being affected by the coronavirus, it'd only be natural you'd be seeing a hit. Initially, i actually thought the virus had no effect or maybe did have but didn't have that major of an effect. Turns out the virus has already hit the world pretty hard, and seeing that, you'd have to make some kind of connection to the drop and to the virus.

Still, most of us most likely expect a return to normal market after a vaccine has developed, in which the populace would stop the mass panic and well, the virus effect has subsided. Prices would probably surge by then due to the effect of it having low prices now at times of trouble/disasters.

R


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March 15, 2020, 09:06:56 AM
 #17

I do not think that bitcoin is doomed, do not worry about the price of the bitcoin because that is really normal for bitcoin to goes high and goes down, let us expect that thing because of its volatility. Actually corona virus affected the bitcoin, because of the COVID-19 the price of the bitcoin goes down because there are so many players and traders of the virtual world are being affected by the virus.

Instead of thinking that bitcoin is a doom, do something to make money, you may use the price of the bitcoin to earn money by buying bitcoin with its lower amount, or investing. I prefer to invest as of this moment because I know that the price of the bitcoin will goes high soon and if that thing happens I would earn money.
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March 15, 2020, 12:00:12 PM
 #18

For now , don't panic , don't buy stocks , don't buy anything , keep your cash near you.

"the time to buy is when there's blood in the streets."

The famous Baron Rothschild spoke this sentence back in the 18th century, and today his family are worth around $350 billion (x3 more then all BTC). So I think your statement is not good advice, because investing in something at the lowest possible price is never a bad idea. However, it is possible that BTC has not yet touched the bottom, and everyone needs to decide what to do with their money. I think at the moment most people in the world (small ordinary people) are not investing, because they are in fear and panic about the situation with COVID-19.



Bitcoin is experienced just one more in a series of heavy blows, but they say that what doesn't kill you makes you stronger. I believe that most people will create immunity to the new virus, and that in few months markets will recover.

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March 15, 2020, 12:12:28 PM
 #19

Bitcoin is a precious gem it cannot be doomed, the market has crashed very hardly and yes the corona virus has bombarded the entire forum stocks, business everything. People are literally scared of this deadly virus, the majority of corporate companies are working from home and the media hype is very extreme than this virus. All you need to do is have some patience till the market recovers.

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March 15, 2020, 12:16:12 PM
 #20

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc




Good job posting pointless threads asking rhetorical questions only for the sake of promoting your Youtube videos.By the way,when you write "they want you to think this",who are "they"?The enemies of Bitcon?FUDsters?Roger Ver and Faketoshi?Nobody here is saying that coronavirus is destroying Bitcoin or something like that.One more thing,the investors go for liquidity DURING the price crash,not AFTER the crash already happened.

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March 15, 2020, 12:57:56 PM
 #21

1 year ago it was 3500$ I wouldn't call that doomed, but a good investement.
Absolutely true, bitcoin will be just doomed if another coin has taken its place at the top on which case like this it is unlikely possible. However, the price dump actually hurt me and my expectation for the bitcoin to enormously increase in times where there is a virus that could transfer hand in hand using fiat. It could've been the very best alternative for fiat to avoid hand in hand transaction that might danger anyone from doing so. This is not what I expected for bitcoin's price during this crisis.
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March 15, 2020, 01:14:54 PM
 #22

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc


You cant blame up people on not to think up this way.Everytime theres a global news or events/problems etc. . People would really tie it up directly into bitcoin/crypto market.
Doomed? If we look back, bitcoin dropped to the floor for how many times (lower lows) but still it do manage to recover or increase its price for a matter of time.
Instead of panicking, it would be much more wiser if we do accumulate into these cheap prices and when btc hits up 10k soon then thats an easy 100% gain for sure.

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March 15, 2020, 01:15:22 PM
 #23

As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown

The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K



Ohh! I like that. First time I heard about that saying.
But it is almost half true. Yeah, half is not.

But with stocks and crypto currencies then yes it is full truth.
It doesn't then it means it is dead.
Even dust coins are moving with 1 satoshi or 2. Yeah, I have seen that in different exchange.

It ain't about the virus though.
We have seen this happened. This should be a normal walk to the park for us.
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March 15, 2020, 02:26:51 PM
 #24

"If it doesn't move up and down, then it's not alive" ~ Author: Unknown
Yeah sounds like a stablecoin if it doesn't move up and down  Cheesy

I cannot predict the future but I guess bitcoin is fine and not doomed, this current downtrend is caused by the combination of all the current bad news and fuds happening to our community right now. For me, bitcoin is supposed to be uptrend, cashless payments are a much better option in our situation now to avoid contact with other people concerning covid19 but anything can happen on crypto and I hope it will recover soon.
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March 15, 2020, 05:26:08 PM
 #25

No, It's not only bitcoin which has seen such a huge plunge in value. Stocks across the globe has seen a major decline in marketcap and I believe this is due to the slow economic growth and development due to the halting of activities as a result of the spread of Coronavirus.

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March 16, 2020, 01:24:08 PM
 #26

everything is doomed to "death"...  Grin
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March 16, 2020, 02:29:54 PM
 #27

i don't think so, people are being too exaggerating this situation, @op where you not aware of 2018 dump? did btc go to doom? that dump from 20k to 3500k is worse than this in my opinion and btc was able to recover even not up to 20k but above 10k, so rest your mind and hold your btc if you have any, no need to panic although it is very frightening and confusing but the best option is not to panic, just wait for market to recover.
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March 16, 2020, 04:07:10 PM
 #28

This crisis is already being resolved, we don't want to think that this will doom the market because there is no chance that this will become a destroyed market. Cryptocurrency market has pioneered and made a mark for itself in this global economy and that will never fade. Investors that are trying to sell their crypto might be needing the money for an emergency and we can't judge them. They might be waiting for the lowest point for the bitcoin to plummet then buyback their stock. Maybe all of this is just a very elaborate buy low sell high scheme.

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March 16, 2020, 04:28:36 PM
 #29

If you get infect by the Corona Virus, then you might be doomed Grin

Bitcoin is not doomed, but it is down for a moment, and it will rise again. No need to worry about that, and we should use this moment to buy bitcoin.

Many people out there say that bitcoin will end because they see the price still going down, but they don't know that bitcoin can increase in the future.

And if they don't use this chance to buy bitcoin at a low price, they will regret it in the end.

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March 16, 2020, 05:34:52 PM
Last edit: March 16, 2020, 05:57:32 PM by Mpamaegbu
 #30

Only weak hands and newbies will be misled at this time thinking that Bitcoin or the entire crypto industry is doomed. This isn't true. In fact, this is the right time to accumulate and stalk up. Bitcoin has seen worse days and this now isn't anything that should scare a veteran crypto hodler. Besides, the pandemic Coronavirus has also affected other faucets of the global economy and not just Bitcoin alone.

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March 16, 2020, 06:19:50 PM
 #31

I do not think that bitcoin is doomed. First of all, the decline is caused by panic in connection with the recently appeared Coronavirus. It also happens not only with cryptocurrencies, but also with oil, gas and all assets. Therefore, we hope and wait for the growth of bitcoin
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March 16, 2020, 06:23:32 PM
 #32

"If it doesn't move up and down, then it's not alive" ~ Author: Unknown
Yeah sounds like a stablecoin if it doesn't move up and down  Cheesy

I cannot predict the future but I guess bitcoin is fine and not doomed, this current downtrend is caused by the combination of all the current bad news and fuds happening to our community right now. For me, bitcoin is supposed to be uptrend, cashless payments are a much better option in our situation now to avoid contact with other people concerning covid19 but anything can happen on crypto and I hope it will recover soon.
This is somehow true. The idea is that why there is no movement because there is no transaction happening on a particular token, you can all notice that in some token if there are no transactions happened, the price is still at a stable state. It is not actually a stable coin, it is just that at that time the prices are not making any movements. We all know that bitcoin is not a stable coin, we can all notice that it is changing prices or value time by time when there are transactions happening around the world. The hardest part is that you cannot actually predict when a pump or dump gonna happen since the price is volatile. In terms of crisis we are facing right now, it is normal to affect crypto but it is not that it is dying or becoming zero in terms of value.

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March 16, 2020, 09:02:10 PM
 #33

i don't think so, people are being too exaggerating this situation, @op where you not aware of 2018 dump? did btc go to doom? that dump from 20k to 3500k is worse than this in my opinion and btc was able to recover even not up to 20k but above 10k, so rest your mind and hold your btc if you have any, no need to panic although it is very frightening and confusing but the best option is not to panic, just wait for market to recover.
I think many people need to also consider that the stock market is going down and this contributes to the price of bitcoin as well. Large investors get scared during times like these and would rather not have money stuck in risk.
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March 16, 2020, 09:15:58 PM
 #34

i don't think so, people are being too exaggerating this situation, @op where you not aware of 2018 dump? did btc go to doom? that dump from 20k to 3500k is worse than this in my opinion and btc was able to recover even not up to 20k but above 10k, so rest your mind and hold your btc if you have any, no need to panic although it is very frightening and confusing but the best option is not to panic, just wait for market to recover.
I think many people need to also consider that the stock market is going down and this contributes to the price of bitcoin as well. Large investors get scared during times like these and would rather not have money stuck in risk.

actually many factors are being considered or being connected with the drop of bitcoin not just stocks  but the one that people linked to it is said to be the corona pandemic and also the halving  . yeah you heard it right , halving is another reason of the drop . as much as people expected that the price will rise because of halving  , the price infact drop more because there are people selling too and they could be large group or whales  . add in the hacking and scamming that are happening on the crypto market    . the price can really go down even without the corona pandemic
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March 16, 2020, 09:38:26 PM
 #35

1 year ago it was 3500$ I wouldn't call that doomed, but a good investement.

It's still holding value pretty good. If we cut the bubbles and panics from the charts and just focus on the average price per year it's still going up. Most of the 2018 it stayerd around 6000, in 2019 it was roughly the same. This year for the last 3 months it was around 7000 on the average.

I'm waiting to see if it breaks below the 2019 low. If it does the projections will be really bad.
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March 16, 2020, 10:38:03 PM
 #36

We can't say it's doomed at the current price. If bitcoin goes under $100 each coin then it would be doomed. The market capitalization still high, so, there is a lot to lose before we say it's doomed.

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March 16, 2020, 10:41:46 PM
 #37

Would you also agree that, stocks market and Bonds are doomed? How about the metals and oil? Friend, there are many things that has been doomed in the course of this coronavirus and not only cryptocurrencies. Though, the much that's telling on cryptocurrency is a bigger one compared to the ones on other markets. Bitcoin will bounce back and reign again and those who panic sold out their portfolios will regret their actions when the market recovers fully. More can be interpreted to the happenings in the world of cryptocurrency.

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March 17, 2020, 12:04:43 AM
 #38

Bitcoin is far being doomed in fact we've seen strong support in the $5000 levels indicating that Bitcoin has a number of users, who still believes in its value. While Bitcoin hold that level, other safe haven assets such as dow jones, S&P and Gold are plunging. I'd say this is only temporary and people will start to see the value of Bitcoin and this will also end the fiat system.

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March 17, 2020, 05:05:10 PM
 #39

Bitcoin doomed and nobody is making you believe that, you’re the one that’s doing it to yourself. Normally when you invest your money somewhere you will get worried when the market starts to crash deeply like this. So, it’s normal. You just have to work on your mind and believe that nothing is wrong. And moreover, most of the very assets got affected by the pandemic. Maybe when the price will start going up it will go up in a huge way and even reach another all time high price, you will be surprised.

The Halving is taking place very soon, what if that is going to bring a change to the market? You just never know.
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March 17, 2020, 11:12:50 PM
 #40

This may be the very last time bitcoin would go this low. Besides, I don't know how Covid-19 affects bitcoin (tho they say it everywhere). I heard that Covid-19 isn't responsible for the dip. Someone told me that it is because of the dip in oil price and some issues the US is having. I don't know which to believe; Covid-19 or Oil price dip. However, bitcoin isn't doomed! Watch it rise! 😉

Get a wallet and move some BTCs, here's mine: [12GZz7hegu8VCkJYHSuP3WTXg7LGXgL1vT]
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March 18, 2020, 12:37:41 AM
 #41

Well, coronavirus did affect the market and there are a lot of people that are so shocked by the price change. I am used to these kinds of changes it is just really surprising it fell that low but still I see this as an opportunity to invest again and not sell my crypto currencies. If I did that, that just means that I admit losing my money. Instead of doing that, keep on holding; it will not disappoint you.

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March 18, 2020, 01:13:55 AM
 #42

no its normal for crypto currency  to go up and down, i think the reason why bitcoin goes dow is a lot of people i the world needs funds to buy food and other things needed for self guaranty, but the because the bitcoin economy is crashing, i've seen bitcoin in a few years now but this is not the lowest output of bitcoin , for me this is a right time to get few coins before it recovers in a few days, we can't prevent this kind of situation, this is not permanent
im sure

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March 18, 2020, 01:23:00 AM
 #43

What we can see about the price today is the result of most of the holders selling their BTC at once in a single day last week. to be honest, the Corona Virus has something to do with this negative phenomenon in the market. because this is not about the crypto industry anymore, this is all about the whole world facing this problem. The word doomed is yet to come when the worst will not stop at any moment right now.

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March 18, 2020, 01:28:48 AM
Last edit: March 18, 2020, 01:42:29 AM by bbc.reporter
 #44

Bitcoin is not doomed, however, the free cryptospace we knew from before might be doomed. Prepare for more stricter regulations and invasion of privacy. All users and exchanges might not be safe except for the friends of Coinbase hehehehe.

This article made it appear to be good news, however.



US Treasury Secretary Steven Mnuchin Appoints Coinbase Chief Legal Officer to Oversee Banking System

Brooks will assume his new role, effective April 1, 2020, after having served as Coinbase’s chief legal officer since September of 2018. Brooks is also a former Fannie Mae executive vice president, general counsel and corporate secretary. Joseph Otting will step down as the current Comptroller of the Currency.


Source https://dailyhodl.com/2020/03/16/us-treasury-secretary-steven-mnuchin-appoints-coinbase-chief-legal-officer-to-oversee-banking-system/

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March 18, 2020, 02:04:12 AM
 #45

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc



it wasn't the Corona Virus that Doomed Bitcoin or even the whole Crypto market but the Whales did
because they are the one who can control the situation,they can fund groups or individual to spread the
virus so will make the world shaken and the Dumping will happen.
this is the reason why
even the stocks are affected because of the spread but we can counter this by not selling our currency
instead Keep the holding so they can't Bag our money this time.

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March 18, 2020, 02:22:20 AM
 #46

The Bitcoin market is very large today, it has large investors, obviously the Covid-19 Virus has become a great Fundamental, and in every speculative market the Fundamentals directly impact the market, most of it is causing falls in the market .

Bitcoin did not wait, when everything began in Europe the panic was present, and as expected it fell in price, but all markets also, despite the efforts made by the FED to inject money into the economy, this is not is a guarantee of nothing.

The Chinese are coming out of this stage of the virus, although it is not a reason to trust, since a much worse strain of the first stage can be generated, since many news reports that those who have been improved from the virus can repeat them even stronger.

The fact that Bitcoin has fallen similar to the other markets, does not mean that there is some kind of correlation between them, simply the emotions in the markets determine the most important big movements, from there it is where you should start to analyze.

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March 18, 2020, 05:44:14 AM
 #47

No, it isn't doomed. There is like a million times bitcoin was considered dead and proved people wrong.
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March 18, 2020, 06:23:44 AM
 #48

No, it isn't doomed. There is like a million times bitcoin was considered dead and proved people wrong.
right, bitcoin is tough enough to experience things like this now and it will be able to rise again. maybe things like this have happened several times and bitcoin still survive and recover. not easy for bitcoin  doomed, be patient and wait for the repair to occur.

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March 18, 2020, 06:40:53 AM
 #49

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc




It's not, every time bitcoin drops, critics come out and start making noise. We have to accept that it will take time to recover and it will be hard for the investors to believe in bitcoin, its true. There are so many factors affecting Bitcoin, and one main factor is the panic. People control the market. This is not the last time that it will go down, but I believe it will always go up.

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March 18, 2020, 07:20:00 AM
 #50

Let's think of bitcoin situation as opportunities, an opening to serve people for them to buy bitcoin at situation like these with corona virus making its way to prevent people to transact. Because if we think of the situation as bitcoin falling and people hodling it becoming hopeless, nothing will happen. Instead, be positive about it.

And for those who think the concept about bitcoin being a safe haven, I think the situation already state the fact about it. For now, we need to stay calm and should not worry too much because it is the characteristic of bitcoin, which is being an extremely volatile asset.
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March 18, 2020, 07:42:26 AM
 #51

Let's think of bitcoin situation as opportunities, an opening to serve people for them to buy bitcoin at situation like these with corona virus making its way to prevent people to transact. Because if we think of the situation as bitcoin falling and people hodling it becoming hopeless, nothing will happen. Instead, be positive about it.

And for those who think the concept about bitcoin being a safe haven, I think the situation already state the fact about it. For now, we need to stay calm and should not worry too much because it is the characteristic of bitcoin, which is being an extremely volatile asset.

this another challenge in bitcoin will pass before we know it. pandemic like this doesn't take forever because it can be resolved by tangible solutions such as vaccine and medicine that will cure the disease. and because we have better technology as compared with the old days, the respective institutions will find the solution faster. so i don't think bitcoin is doomed, it will rise up again after this problem. bitcoin has been with all kinds of issues, problems yet still fighting to be in the mainstream and the users keep on growing. so there's no doubt it will recover its market again.
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March 18, 2020, 07:52:53 AM
 #52

this another challenge in bitcoin will pass before we know it. pandemic like this doesn't take forever because it can be resolved by tangible solutions such as vaccine and medicine that will cure the disease. and because we have better technology as compared with the old days, the respective institutions will find the solution faster. so i don't think bitcoin is doomed, it will rise up again after this problem. bitcoin has been with all kinds of issues, problems yet still fighting to be in the mainstream and the users keep on growing. so there's no doubt it will recover its market again.

But so far there is no vaccine or medicine against COVID-19. The virus speeds persons other illness to develop and only after these illnesses are cure, the person is tagged as "recovered" from COVID-19.

At the moment medicine cures the result of he virus, but has no cure against virus itself...

R


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March 18, 2020, 08:06:17 AM
 #53

But so far there is no vaccine or medicine against COVID-19.

I agree, though there's a one medicine that has been made that was given a green signal to be out for testing. We'll it's still a trial and error practice per se in medical field no assurance still.



For OP, I see that Bitcoin is still stable at is and nothing to worry. Maybe for other players out there, it could be. If you monitor the stocks update, most of the Public entities are now in downward trend. The holders, are redeeming their assets avid with this pandemic and It's quite amusing how low are the stocks for those who used to be at the top. I see it as advantage as well, this pandemic will sure end and stocks would go back to normal.

*Buy Low and Sell high  Grin
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March 18, 2020, 08:55:16 AM
 #54

the Corona virus has really affected not just Bitcoin but the whole global markets. But to say that Bitcoin will be doomed? Nah, I don't think so, it's hard to bring down a market wherein there are a lot of players, whales, average joe's traded 24x7/365, from Asia to Africa and everyone has different goals, store of value, payment method, investment assets.

We don't need to panic, this is just another bump along the way, folks are going to buy at every dip, majority are selling, but it doesn't mean that this is the end-game of Bitcoin. The only thing that I can think of that can really affect it is that if quantum computers where able to steal our Bitcoin. But that is a different discussion.
It is true it isn't just crypto that has been affect because of it and it isn't the end of it,
Crypto and other industry would surely go back to normal when this virus gets cured so we don't need to worry about the price we should be more concern about the health of those who are infected and those who are at a high risk to be infected.

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March 18, 2020, 08:58:16 AM
 #55

What we can see about the price today is the result of most of the holders selling their BTC at once in a single day last week. to be honest, the Corona Virus has something to do with this negative phenomenon in the market. because this is not about the crypto industry anymore, this is all about the whole world facing this problem. The word doomed is yet to come when the worst will not stop at any moment right now.
According to CoinMetrics, the decline was triggered by short-term investors holding bitcoins for less than a month. See below:



We can't call them "most of the holders" because they're not holders at all. However, I agree with the part that a pandemic could be the cause of their panic. The whole world is now in a panic state, this could also affect the mood in the crypto industry.


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March 18, 2020, 01:16:12 PM
 #56

1 year ago it was 3500$ I wouldn't call that doomed, but a good investement.
Yeah, it's not really doomed judging by yearly historical data. Last time it went below its yearly ATH was I think 5 years ago (2015). It's ok as long as there is volume and activity in the market.
I don't know why we are panicking, the world economy is crashing ,what do people expect crypto to do? Keep increasing? No. It's a store value, people are cashing out to get themselves supplies for self isolation.
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March 21, 2020, 10:58:12 AM
 #57

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc




Corona virus really does an effect on the bitcoin and altcoins in the crypto market but it didn't totally dominated the bitcoin. Corona virus just lessen the ways of transactions because there are still bitcoin that are being transacted in physical. Corona virus will just decreases the price in the market but it will not make the bitcoin to be deleted.

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March 21, 2020, 11:04:48 AM
 #58

Another manipulation? We don't know.

All we know is that the price of Bitcoin fell much worse than this in 2018. A lot of people thought that Bitcoin and other cryptocurrencies are starting to crumble, starting to die but it didn't. Bitcoin will always recover, from the past dumps up until now, it still proves that it will never let us down. Bitcoin will keep on giving us profit, that will be the same to other cryptocurrencies.
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March 21, 2020, 01:00:00 PM
 #59

Another manipulation? We don't know.

All we know is that the price of Bitcoin fell much worse than this in 2018. A lot of people thought that Bitcoin and other cryptocurrencies are starting to crumble, starting to die but it didn't. Bitcoin will always recover, from the past dumps up until now, it still proves that it will never let us down. Bitcoin will keep on giving us profit, that will be the same to other cryptocurrencies.

The previous price of the bit of before are in a good state and now it is rapidly falling and this is not a good sign because it really affects the whole market and at the same time, the investors and one of the reason why does it happen is because of the pandemic outbreak that is rapidly spreading. Still, it is a good opportunity to the people to make a start for investment because from 9k dollar it falls into 5k dollars but doesn't lose hope because yesterday the market price of the bitcoin goes up and this is also because to the investment that is almost $25 dollars investment the cryptocurrency and many people today are hoping that this coming halving will beat now the market price from the previous year of the bitcoin.

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March 21, 2020, 01:20:15 PM
 #60

Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind

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March 21, 2020, 01:26:41 PM
 #61

Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind

Yes, bitcoin is not dead yet. Many people still believe that bitcoin will recover in the future, and they are trying to make more and more bitcoin from now on so they will be ready if the price increase later. That is what we need to do right now than to listen to other people who don't like about bitcoin because they don't want to make money from bitcoin. Those people will regret if they know that bitcoin price can increase so high because they miss the chance to earn bitcoin.

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March 21, 2020, 01:27:16 PM
 #62

Lol, funny how people starts screaming bitcoin is doomed or its dead just because they see the price falling really bad. Those who have seen the price fluctuation and the volatility of bitcoin, they know the real deal. They know that it happens unexpectedly and there is nothing to panic about.
Again, it is those same group of people that starts to praise how awesome bitcoin is once the price starts to recover and go higher. Totally hilarious.
Tried watching that video you made. Had to close halfway. Was kinda bland and slow. Try to make your videos more interesting and jolly (not trying to demotivate you or anything Smiley )

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March 21, 2020, 02:12:02 PM
 #63

Has the Corona virus doomed Bitcoin ?


No, the ECONOMIC CRISIS has doomed BitCoin....   BitCoin grew up in an economic BUBBLE, the days of everything going up are OVER.   The narrative of BitCoin as " Digital Gold " and a safe haven asset is now proven as false.

REALITY:  More people are selling BitCoin than buying, hence the price drop.

Hard Facts
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March 21, 2020, 02:14:32 PM
 #64

Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind

Who said it that bitcoin is dead? The price of it just dropped and that doesn't mean that it is the death of it. Bitcoin will always recover and the price chart if the live proof of it. If people would be tracking the prices in the past, they would be able to see the price changes that happened where they think bitcoin is dead but it just recovered proving they are wrong.

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March 21, 2020, 02:22:43 PM
 #65

1 year ago it was 3500$ I wouldn't call that doomed, but a good investement.
Exactly, In game section, I read someone is throwing 1 BTC  every cycle in online gaming. Such a person will not see bitcoin to be doomed probably he has a lot of btc he got long time ago at a very low price. Just less then 24 hours, BTC hit 6.4k, the same BTC that fell below 4k a few days ago. Nobody knows what will happen to bitcoin in the nearest future but the fact that BTC is still gaining more popularity is a clear indication that a better days are coming.
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March 21, 2020, 07:32:35 PM
 #66

Doomed is something which have no hope and the price crashes to zero.
One should understand that it might have been the case in the upcoming years BUT ,
Since the rise of Corona virus and since the rise of localised wars and stuff , people only have Bitcoins.

There are countries And countries using Bitcoins to overthrow the government!

People know how powerful it is .

It is helping so much during the pandemic , I do think it will never die. Don't think much about what people say , make your own judgements.

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March 21, 2020, 09:03:13 PM
 #67

Well, whatever has happened so far and recently it will not be doomed bitcoin because it is likely to be a more significant increase because with this incident at least they will choose other alternatives that are safer and can avoid the spread of the virus so it is very possible bitcoin became the main alternative for them for a transaction and other things.

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March 21, 2020, 09:47:44 PM
 #68

No , Bitcoin is not doomed but corona doomed everything that has a price and a value. Stocks won't disappear , Bitcoin won't disappear but the prices will go down a lot in the next days as USA stocks just today woke up with what is really going on in their country as the corona cases exploded in a matter of days there.

USA stocks will affect everything and bitcoin is no exception from this.

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March 22, 2020, 10:57:56 PM
 #69

Bitcoin will never ever ever EVER be doomed. It is our future currency! If you ask me, all this mixed corona madness is only going to help bitcoin be discovered by more users since they will be home bored searching the web.

I also think that in the long run it will come on top. Panic is unpredictable and people aren't thinking about investing but about cash at hand. You can see them dumping stocks and silver as well. I heard that Trump might shut down the stock market. It's just a rumor but it can happen.

Bitcoin is only reflecting the general situation on the global markets that's all.
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March 22, 2020, 11:27:26 PM
 #70

Should we think that we are doomed already? Not for sure.
The coronavirus is yet pandemic but not a killing spray that every person who gets infected will die. We are negatively thinking that because many areas where are lockdown but this is not forever, this is the only way to help not to spread the virus anymore. And after this, we back to our normal life and usual doings.

Bitcoin will never ever ever EVER be doomed. It is our future currency! If you ask me, all this mixed corona madness is only going to help bitcoin be discovered by more users since they will be home bored searching the web.
And I hope they will see the importance of Bitcoin during this time and will appreciate its purpose. People are obviously panicking which makes them sell their Bitcoins even at cheap price. This supposedly not to happen but can't hold other's hands especially for the doubtful individuals.

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HardFacts
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March 23, 2020, 02:32:55 AM
 #71

Has the Corona virus doomed Bitcoin ?


NO, The Corona Virus did not doom BitCoin...   Bitcoin DOOMED ITSELF  Cheesy Cheesy Cheesy Cheesy

BitCoin grew up in an economic and asset bubble, where everything went up.  BitCoin's price crash to the ECONOMIC CRISIS is very worrying.   I have no idea if it will go up or down, but I sure would not put my money in it.

Hard Facts
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March 23, 2020, 03:59:56 AM
 #72

I affirm corona virus will not be able to make bitcoin doomed, but only make the price go down. And that also won't last long,
I suggest to the extent that bitcoin prices go down. Keep holding bitcoin that you have, don't go for it to sell it. Therefore do not
too panic if you see a market that has dropped dramatically, we must be calm. Making wrong decisions can hurt us alone.

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March 23, 2020, 05:24:12 AM
 #73

Another manipulation? We don't know.

All we know is that the price of Bitcoin fell much worse than this in 2018. A lot of people thought that Bitcoin and other cryptocurrencies are starting to crumble, starting to die but it didn't. Bitcoin will always recover, from the past dumps up until now, it still proves that it will never let us down. Bitcoin will keep on giving us profit, that will be the same to other cryptocurrencies.

The thing here is that, people are using this dump as a propaganda to scare more investors so others can invest at a lot price before going up again. At at how those FUD are popping each time a dump like this happen, they are mostly active during this time. Partner it with the global crisis and you'll have weak hands all over the place.

They are probably accumulating as much as possible while trying to lower to the price for them to again more profit.
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March 23, 2020, 05:53:46 AM
 #74


We don't need to panic, this is just another bump along the way, folks are going to buy at every dip, majority are selling, but it doesn't mean that this is the end-game of Bitcoin. The only thing that I can think of that can really affect it is that if quantum computers where able to steal our Bitcoin. But that is a different discussion.
That would be scary.
A huge lose of circulation of bitcoin will have a great impact to the price.
ESpecially if the regulators of the bitcoin price got stolen.
But interms of the virus if  huge people killed in that pandemic.
Then it might be possible that fiat money will be also useless .

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March 23, 2020, 10:07:15 AM
 #75

Bitcoin is definitely not doomed, for some reason Bitcoin helps a lot of people and gave financial freedom. Many people are affected due to COVID-19 but most of them are looking for a way to earn additional money through online. Let's take this opportunity to publicize the benefits of bitcoin instead saying that bitcoin is doomed. And it is normal for crypto to go up and down, the real deal is about to come. 

Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind

Yes, Bitcoin will certainly recover after the pandemic. A lot of people keep saying negatives about bitcoin without even looking to it's bright side. The more we engage to Bitcoin the more it will help us, we can say that the rates are unpredictable today it's decreasing and later on will probably increase.

As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown

The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K


This is a good point. People tend to hate what they don't understand that is why they keep saying that bitcoin is dead. If you truly understand the market you are in, it will be normal for you if there are changes. The situation we have has a big impact to the cryptocurrencies but that is not the end and will never be the end of it because the fact that Bitcoin is uncontrollably known is a big start for a new opportunity.
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March 23, 2020, 12:50:32 PM
 #76

Has the Corona virus doomed Bitcoin ?


NO, The Corona Virus did not doom BitCoin...   Bitcoin DOOMED ITSELF  Cheesy Cheesy Cheesy Cheesy


just Continue your criticism about Bitcoin but lets see what can you say after all this problem stopped and after Halving the Market will be great again.
Well, whatever has happened so far and recently it will not be doomed bitcoin because it is likely to be a more significant increase because with this incident at least they will choose other alternatives that are safer and can avoid the spread of the virus so it is very possible bitcoin became the main alternative for them for a transaction and other things.
this have to be effecting now because the Virus is being spreading for months now yet Bitcoin is Falling so maybe the option will take effect in long time while the Cure is still on search.

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March 23, 2020, 01:57:18 PM
 #77


but lets see what can you say after all this problem stopped and after Halving the Market will be great again.

this have to be effecting now because the Virus is being spreading for months now yet Bitcoin is Falling so maybe the option will take effect in long time while the Cure is still on search.


The ECONOMIC CRISIS is what caused BitCoin to Crash, and the ECONOMIC CRISIS will be here long after the virus is over, and not end for MANY, MANY years...

The world as you knew it and BUBBLE ECONOMY BitCoin grew up in is OVER....  I have no idea if BitCoin will go up or down, but BitCoins price crash in response to the Economic Crisis should worry everyone. 

Hard Facts
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March 23, 2020, 02:40:30 PM
 #78


When the corona virus is started it all affects either business, lifestyle  and even the all the crypto currencies.
No, not only bitcoin has a huge effect on the crisis it's everything are affected on it. Don't worry of that because when the time comes and we manipulate the virus on spreading and killing people everything will be okay. But for know don't be worried on what happened in crypto currencies, just be worried about our health and pray to God that everything will be okay.




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March 23, 2020, 03:06:43 PM
 #79

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
And watch my video here with more detail - https://youtu.be/QGdvGY9STdc



The Global economy is going down because of this COVID 19 virus that is still not yet contained a lot of countries is still under a lockdown there is no doubt that the Coronavirus is also affecting the cryptocurrency.

Even to this day, there are still a lot of countries that are not yet ready to recover or else still not yet control the spreading of the virus in their country that is affecting the bitcoin. In this time of crisis, we surely need funds and the cryptocurrency or investment could really be useful at this times and that might be a reason for the sudden sale of or the dump of the market price of bitcoin in the past week.

But still, bitcoin still is going to recover easily at this time a lot of investors are still ready to invest in bitcoin meaning the demand of bitcoin is still high even at times like this. Also, there are still no jobs or work for a lot of people causing the economy to go down maybe we are not yet experiencing the effects of this but in the coming months for sure we are going to be doom by this if there are no employees they will be no production.

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March 23, 2020, 03:07:14 PM
 #80


 Don't worry of that because when the time comes and we manipulate the virus on spreading and killing people everything will be okay.


WRONG, WRONG, WRONG

The ECONOMIC CRISIS will be far worse than the Corona Virus, and the economic crisis will last for MANY YEARS.  You poor ignorant people, you have no idea what is coming.

BitCoin grew up in a bubble economy, where almost every asset was going up in price.  Those days are OVER, and BitCions price crash in response to this economic crisis would worry any rational investor.

Hard Facts

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March 23, 2020, 03:59:13 PM
 #81


 Don't worry of that because when the time comes and we manipulate the virus on spreading and killing people everything will be okay.


WRONG, WRONG, WRONG

The ECONOMIC CRISIS will be far worse than the Corona Virus, and the economic crisis will last for MANY YEARS.  You poor ignorant people, you have no idea what is coming.

BitCoin grew up in a bubble economy, where almost every asset was going up in price.  Those days are OVER, and BitCions price crash in response to this economic crisis would worry any rational investor.

Hard Facts


Seems like you haven't stopped to pull the bitcoin down in here, I bumped you once in a thread for talking negatives about bitcoin. Bitcoin grew up in bubble economy? What are you talking about?
The economic crisis we are experiencing right now might result to a long term suffering but that does not mean the bitcoin should fall off too because I believe bitcoin was made for this kind of situation.
And you can't just say it is over for the bitcoin since it is decentralized, you didn't even know the time it started to rise. Don't be like that in here.

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March 23, 2020, 04:05:57 PM
 #82

This is just some typical talks you did in your video but you should notice that the situation has changed a lot. The whole world is passing a hard time, people are not caring about Bitcoin rather most of them feeling panic because of this high dump in crypto and the coronavirus outbreak! Coronavirus did not doom bitcoin, but Bitcoin price dumped because of corona outbreak throughout the world!

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March 23, 2020, 04:15:29 PM
 #83

Unless WE want to be doomed ourselves in this old world, Bitcoin will thrive!
I personally enhance to invest in BTC now. But it is my humble opinion, of course.
But if something, I know the platform where money are deposited just in 3 hours!
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March 23, 2020, 04:21:51 PM
 #84

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
To think that bitcoin is doomed after just a bad week is a terrible mistake, we must avoid to fall victims of panic, the crash we experimented was important and yet the price of bitcoin is still above 6k, if that is the worst thing that can happen to bitcoin then its future is bright, many countries have already announced plans to try to help the population and the stock market and all of that amounts to just print money, so if we use our common sense that means that the price of bitcoin should recover over the long term.

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March 23, 2020, 04:25:20 PM
 #85

Has the Corona virus doomed Bitcoin ?

Nope - don't be ridiculous.......they want you to think this.

Firstly, we got into Bitcoin because of financial freedom - money and value that nobody controls - that will never be "doomed" ( but they'll always try to kill it ).
Secondly , I explain in the video below why after every crash investors first go for liquidity , and then into safe havens - we're only a week into this market crash , you will see the safe havens over the next few months.
Thirdly, blockchain has already entrenched itself with many use cases that we cannot ( and won't ) go back on.

Don't make a mistake selling guys - they want you to do this. HODL.
To think that bitcoin is doomed after just a bad week is a terrible mistake, we must avoid to fall victims of panic, the crash we experimented was important and yet the price of bitcoin is still above 6k, if that is the worst thing that can happen to bitcoin then its future is bright, many countries have already announced plans to try to help the population and the stock market and all of that amounts to just print money, so if we use our common sense that means that the price of bitcoin should recover over the long term.

During the outbreak, the market price of the bitcoin fall and this is not good and continuously many people sell their bitcoin because of having panic at the market price and today it is already 5k dollars and stable between 5 to 6k dollars still we are hoping that the market will bring back now because the halving is coming too. But the market is always declined by the trader there are huge change every day to the price but always brings back to bottom then it takes a long time again before we can get an income.

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March 23, 2020, 04:26:10 PM
 #86


WRONG, WRONG, WRONG

The ECONOMIC CRISIS will be far worse than the Corona Virus, and the economic crisis will last for MANY YEARS.  You poor ignorant people, you have no idea what is coming.

BitCoin grew up in a bubble economy, where almost every asset was going up in price.  Those days are OVER, and BitCions price crash in response to this economic crisis would worry any rational investor.

Hard Facts


Firstly, it sounds like you're trying to say that we will move away from assets and cash will be king - but how can cash be king when they print like mad ? They want to have a fixed value of the US dollar but keep printing ( ie. give banks "free wealth" ). If cash is king it may be another currency thats king, where that country is more fiscally responsible, not USD.

Secondly, I agree that all assets cannot boom anymore like the last 10 years - Stocks are going to be more of a gamble than ever. If stocks do recover strongly even after this Corona crises has decimated industries like airlines   - then somethings wrong. Then there will probably be another big crash within a few years.

Bitcoin has something unique to offer the macroeconomic world - an independent medium of trust between parties ( in this case countries - unless Satoshi is revealed and he has an agenda ). The only thing that can stop Bitcoin is if Satoshi is revealed and people feel he has bias or agenda, or he has the ability still to shut everything down.

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March 23, 2020, 04:37:15 PM
 #87

To be Honest, This would be our Big Shot.
Rumors spreading that cash contains cell virus which means digital assets are going to be popular at this moment .
However, we can only use Bitcoin-crypto Asset if we Convert it to our respective Currency.

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March 23, 2020, 04:52:20 PM
 #88


Firstly, it sounds like you're trying to say that we will move away from assets and cash will be king - but how can cash be king when they print like mad ?

 The only thing that can stop Bitcoin is if Satoshi is revealed and people feel he has bias or agenda, or he has the ability still to shut everything down.



There are a LOT of things that can stop bitcoin, but one of the biggest is its lack of any intrinsic value, in the end, it is nothing.   To say that " Satoshi is revealed " is the ONLY thing that can stop bitcoin is absolutely ignorant.   Given the money that is in BitCoin, most people would not care either way if Satoshi is known or not, that is nothing more than meaningless noise.   What bitcoin represents as an INVESTMENT is what will determine its success or not.

You are right about one thing, they are already printing like mad, and it will make the ECONOMIC CRISIS be worse than you can possibly imagine.   I have never said that cash will be king.

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March 23, 2020, 11:28:50 PM
 #89


Well, a few days passed after an extreme downturn in all markets, starting to see a pretty good increase since March 19. Well, a few days passed after extreme downturn in all markets, starting to see a pretty good increase since March 19. From the comparison above we know that the crypto market showed the best increase. The crypto market volatility is indeed high, rumors alone can affect price changes, so we must always monitor its movements.

There are a LOT of things that can stop bitcoin, but one of the biggest is its lack of any intrinsic value, in the end, it is nothing.   To say that " Satoshi is revealed " is the ONLY thing that can stop bitcoin is absolutely ignorant.   Given the money that is in BitCoin, most people would not care either way if Satoshi is known or not, that is nothing more than meaningless noise.   What bitcoin represents as an INVESTMENT is what will determine its success or not.
As long as it hasn't become anything, and it's still quite profitable right now, why don't we just use it? Too bad if this opportunity is missed, the risk is always there but not to be feared.

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March 24, 2020, 04:57:07 AM
 #90

if it's about the coronavirus, it seems like the virus not only curses bitcoin, but almost all types of investments have a decreased percentage because of the virus. However, if the price of bitcoin rises again after this, do you want to say that bitcoin breaks the curse? yeah, bitcoin is just a popular technology right now, if the price goes down because of something like this, it's natural.

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March 24, 2020, 06:04:31 AM
 #91

if it's about the coronavirus, it seems like the virus not only curses bitcoin, but almost all types of investments have a decreased percentage because of the virus. However, if the price of bitcoin rises again after this, do you want to say that bitcoin breaks the curse? yeah, bitcoin is just a popular technology right now, if the price goes down because of something like this, it's natural.

This is bullish - I expect it to continue like this for a while - stocks in trouble and crypto stabilizing and even growing
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March 24, 2020, 06:50:32 AM
 #92

I don’t know where you heard that Bitcoin is doomed, and moreover this is not a new thing, there are always lots of haters who keep saying lots of trash about Bitcoin and we know that these are all fake. I don’t even give my time to such or listen to what they have got to say. I just focus on my business and invest on whatever I want to invest in.

Covid-19 affected other market and they never said anything about it, they only talk about Bitcoin and try their best to discourage people from investing in it. The truth is that the time will come and all these things will pass away. And Bitcoin is not doomed, it will still be around after everything.
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March 24, 2020, 12:03:52 PM
 #93

I believe this pandemic is detrimental to the cryto market; being followed by the drastic fall of Bitcoin.  Who knows what will happen in the nearest future

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March 24, 2020, 02:05:58 PM
 #94


Covid-19 affected other market and they never said anything about it, they only talk about Bitcoin and try their best to discourage people from investing in it. The truth is that the time will come and all these things will pass away.

WRONG !!!!

The problem is the ECONOMIC CRISIS, which will be with us for MANY YEARS, and get much worse after Corona Virus is gone...  If this guy is not smart enough to see this simple fact, he certainly is not smart enough to make any kind of predictions.

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March 24, 2020, 02:58:08 PM
 #95

As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown

The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K


Definitely correct! whether Bitcoin goes up or down it does not matter because as long as there are people who believe in this technology, Bitcoin will continue to grow. As of today, Bitcoin is already bouncing back to $6.7k upwards and the movement looks pretty good, lucky for those people who bought at the dip and now enjoying huge amounts of profits. Smiley
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March 24, 2020, 04:22:18 PM
 #96

I agree,
Bitcoin is not doomed, more like it is being affected by what we are facing right now. It is also not because some people just want us to think that way but this pandemic actually affects the whole world including bitcoin.
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March 24, 2020, 08:26:42 PM
 #97

I agree,
Bitcoin is not doomed, more like it is being affected by what we are facing right now. It is also not because some people just want us to think that way but this pandemic actually affects the whole world including bitcoin.

How ignorant people are....  It is the ECONOMIC CRISIS, not the Corona Virus.  The economic crisis is just getting started, and will last for MANY MANY years   Shocked Shocked Shocked

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March 24, 2020, 08:42:40 PM
 #98

Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind

Absolutely correct, Bitcoin is not dead as many have predicted against the said digital cryptocurrency, being a technology means that; you'll can't kill it nor bring it down to nothing. Bitcoin alongside with other digital cryptocurrency have been affected during this deep and pandemic trying period for the entire world. This is not just about Bitcoin but about the entire world market being affected here. This is the right time to invest in Bitcoin and not to see it as the world sees it right now. This is a long awaited opportunities for those who are ready to invest for their future.

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March 24, 2020, 10:38:32 PM
 #99


 Don't worry of that because when the time comes and we manipulate the virus on spreading and killing people everything will be okay.


WRONG, WRONG, WRONG

The ECONOMIC CRISIS will be far worse than the Corona Virus, and the economic crisis will last for MANY YEARS.  You poor ignorant people, you have no idea what is coming.

BitCoin grew up in a bubble economy, where almost every asset was going up in price.  Those days are OVER, and BitCions price crash in response to this economic crisis would worry any rational investor.

Hard Facts

Well, yeah, Bitcoin was created following crisis like such one we're going to witness any soon. This time i think it'll strike harder, no one was ready to encounter such difficulties we're seeing today, whole countries, not only banks or corporations are in massive troubles to handle the coronavirus issue - some of them may fall due to the crisis circumstances, some of them may rise. I see current situation as a chance for Bitcoin to move forward, even though the prices got struck and yet another time we've seen how volatile the cryptocurrency market is. Banks are becoming more ridiculous more than ever with their actions, it's time to show other people that there is an alternative to this madness.
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March 25, 2020, 02:35:25 PM
 #100

Well, yeah, Bitcoin was created following crisis like such one we're going to witness any soon. This time i think it'll strike harder, no one was ready to encounter such difficulties we're seeing today, whole countries, not only banks or corporations are in massive troubles to handle the coronavirus issue - some of them may fall due to the crisis circumstances, some of them may rise.

BitCoin grew up in an ECONOMIC BUBBLE, when everything was going up a lot...   

This ECONOMIC CRISIS was very predictable and expected if you were paying attention.  Of course most people are ignorant fools, and a fool will never see anything coming...    A sound economy would take a loss, but would do just fine if shut down for a couple months.  A BUBBLE ECONOMY will totally collapse if shut down for a couple months.

Hard Facts
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March 25, 2020, 04:17:24 PM
 #101

Well, yeah, Bitcoin was created following crisis like such one we're going to witness any soon. This time i think it'll strike harder, no one was ready to encounter such difficulties we're seeing today, whole countries, not only banks or corporations are in massive troubles to handle the coronavirus issue - some of them may fall due to the crisis circumstances, some of them may rise.

BitCoin grew up in an ECONOMIC BUBBLE, when everything was going up a lot...   

This ECONOMIC CRISIS was very predictable and expected if you were paying attention.  Of course most people are ignorant fools, and a fool will never see anything coming...    A sound economy would take a loss, but would do just fine if shut down for a couple months.  A BUBBLE ECONOMY will totally collapse if shut down for a couple months.

Hard Facts

Good luck giving facts to people here. If you haven't noticed the people here don't know the difference between QE and Q1 .
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