Do not be fooled

[gwapoinside2]

Indeed. The only direction bitcoin is going is up. It may have a slow and steady increase in price right now, but I am expecting bullish things to happen the its platform these coming months. The adoption and acceptance of Bitcoin is getting wider and going mainstream so expect good thing to come to it soon. Be ready.

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[ecnalubma]

Always remember that people trying to kill Bitcoin are the people wanted to buy it cheaper. Its still an early stage for crypto and with its technology it could really make big changes. Before people don’t believe in the internet, apple or the amazon but look at them now how big they are. I feel positive about this industry, its the next big thing bigger than the internet.

[nykka]

I think that Bitcoin only became better, because of coronavirus, many people came to the market and a lot of people understood, that cryptocurrency is a good way of keeping money in such difficult life periods, so I think that after pandemic, we will see a lot of good news about crypto, because people tried it and most of them really like it

[Insomnia family]

Every individual is going through different circumstances right now, but I have no intention of getting out of the crypto space. Because I am optimistic that the situation will return to normal. While some people sell their portfolios to get prevention tools due to the corona pandemic, some have more than enough funds, so they spend on preventive tools and also buy drops.

[xOdiumNostrumx]

Yesterday I was thinking about the scenario in which Corona did not happen, where would we be price wise right now without the current pandemic, would we breach the ATH already, or the price action would be similar even without Covid, aka DeFi balloon and then a big sell off. We will never know, but it definitely had a big impact on every financial market, including the crypto one.

[totoy4741]

Different people with different opinions, i wonder why many people believes covid can ever have a huge effect on cryptocurrency to the extent of shutting it down which am sure won't happen.

It made an effect in the first weeks or so of the corona pandemic, the crypto market has crashed down due to fear that it might have had the same fate with stock market. Some traders had to full out their investments and some have switch to stablecoins in order to prevent from massive effects of melt down.

[BlackFor3st]

This should be adress to the newbies and to those people who engage in crypto currencies but they don't know much about how the market works or what is the main reason
why crypto currencies exist especially the bitcoin.

Unlike stable currencies, bitcoin and other currencies out there can easily shift their prices from high to low in just a short period of time but don't be fooled that it will
be the end of bitcoin if it's prices goes down badly as it is only part of how the market works. As long as there is demand, bitcoin will not die.

[bittraffic]

This should be adress to the newbies and to those people who engage in crypto currencies but they don't know much about how the market works or what is the main reason
why crypto currencies exist especially the bitcoin.

Unlike stable currencies, bitcoin and other currencies out there can easily shift their prices from high to low in just a short period of time but don't be fooled that it will
be the end of bitcoin if it's prices goes down badly as it is only part of how the market works. As long as there is demand, bitcoin will not die.

With the series of scams and coronavirus that keeps occurring to them, sometimes a single fud from a high rank user can make the trader pick bad choices like dumping while the price is at its bottom.

With their money at risk, some of the traders just withdraw their funds because corona lockdown and jobloss had affected them financially. These factor will lead them to be fooled and sell out.

[Ludmilla_rose1995]

I'm not being fooled but when my health is on the line, I would sell some of my portfolio to buy food, disinfectants, and other necessities in times like this. That is not a stupid decision, it is just common sense. If I survived this pandemic, there is always a chance to earn money and buy cryptocurrencies.

I agree with you. What is needed in a pandemic is common sense. not everyone still has a stable job and income. Some people have to give up their assets to survive the pandemic due to the crisis. and what they do is normal.

[rahmatullah9305]

It made an effect in the first weeks or so of the corona pandemic, the crypto market has crashed down due to fear that it might have had the same fate with stock market. Some traders had to full out their investments and some have switch to stablecoins in order to prevent from massive effects of melt down.

Yes, but today I see that the crypto market has had a good bit of improvement on all coins so this will also be of great benefit to those who bought coins when the price dropped a few days ago, and I personally hope this can be done. continues so that everyone can benefit through investing and day trading.

[Jonyshake71]

What dead? crypto like btc hold its position tightly even we can see the price of bit touched so far $12k during Covid-19. Eth also raised about to $500 when lots of people sold their assist during corona epidemic. So how could anyone say, crypto is going to die? Crypto is upgrading daily and those are going to lead the upcoming future. So be claver & do trust on crypto

[seleme]

What dead? crypto like btc hold its position tightly even we can see the price of bit touched so far $12k during Covid-19. Eth also raised about to $500 when lots of people sold their assist during corona epidemic. So how could anyone say, crypto is going to die? Crypto is upgrading daily and those are going to lead the upcoming future. So be claver & do trust on crypto

The people usually say what they see but the experience in this field is important for having a concrete opinion. The pandemic has changed the behavior of market participants, so it is too early to talk about the dying crypto industry. The market is in a bearish trend and changing the bearish to bullish mode will take a lot of time. BTC price is dancing around $11000 level and breaking this level will increase the spammers on crypto social media.

[lumeire]

What dead? crypto like btc hold its position tightly even we can see the price of bit touched so far $12k during Covid-19. Eth also raised about to $500 when lots of people sold their assist during corona epidemic. So how could anyone say, crypto is going to die? Crypto is upgrading daily and those are going to lead the upcoming future. So be claver & do trust on crypto

Crypto also fell pretty hard at the start of pandemic and then it started to rise just like the stock market. I think there is a lot of manipulation going on in the market right now and we are just like the pawna in a game of chess who doesn't matter much. We are easily manipulated by the whales, when they take the price down we always panic sell our coins and whenever they pull the market up we become happy and start hodling the coins but instead we should sell at that time to take the profits.

[romero121]

The cryptocurrency market is the one that survived without massive crash throughout the covid-19 spread. This thread has been started during the beginning stages of fast spread and the very beginning days of lockdown on every country with restrictions. Later on when the lockdown continued with industries shutdown the money circulation completely stuck. This started to reflect on the economy as stocks started to drain it's value.

During the lockdown more number of common people started to use bitcoin and some even started to consider it as the safe haven for investment looking the market crash of stocks.

[Plinteng]

yes, of course everyone has their own point of view in evaluating the crypto world, especially bitcoin. This perspective is based on the knowledge they have, it is only natural that some people who say that BTC is dead or that the bubble or Ponzi due to the drastic decline is wrong. I am personally very optimistic that BTC is one of the best assets among other cryptoqurrencies.

[Pithaxz]

i think, during the covid-19 pandemic it did not have a severe impact on the market situation. I see the market situation is not as bad as expected, the price of BTC and some of the top altcoins is not a problem. In fact, some of them experienced significant price increases. so I didn't think about leaving the crypto industry just because of the coronavirus!

[Cekerula]

I cannot deny that because of the CoronaVirus each economy of the country really got affected by this pandemic together with the real currency in the stock market. But Bitcoin or crypto space is not affected by this pandemic to tell you frankly.and don't stop looking for your luck on this forum, let people tell you what. It is important that you stay focused and continue to work even though the bounty project is mostly scams.

[Ziskinberg]

I cannot deny that because of the CoronaVirus each economy of the country really got affected by this pandemic together with the real currency in the stock market. But Bitcoin or crypto space is not affected by this pandemic to tell you frankly.and don't stop looking for your luck on this forum, let people tell you what. It is important that you stay focused and continue to work even though the bounty project is mostly scams.

Altcoins has been affected a lot after the bull run as some of them did not recover anymore. Pandemic cause an economic struggle but not in crypto to my knowledge, this year altcoins were profitable so as with bitcoin, and we found De-Fi which is a good investment. For old altcoins, there's no guarantee that they will rise especially if they already lose the interest of the traders as evidence by their low trading volume, and at the same time if they are trading in a bad exchanges.

[Daras]

The coronavirus pandemic has effect on almost all economic sector including BTC,but those that painstakingly invest in it during those time will be favoured at post - Covid period.

[forexandcryptoauditor]

You are right. This not the time to exit or sell crypto. I see it other way. For me, it's an opportunity to buy at lower price or to enter into a good project for investment. Of course, it should be for long term.