BTC + Corona

[mahilchii]

Corona fear is increasing day by day across the crypto market as the world continue to battle with this pandemic virus, The past week of BTC price was really scary and it alarmed the whole crypto forum as the market is all set to turn bearish. BTC price gone 10 months low last week and now it is slowly increasing and hopefully the market will improve before halving.

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[senne]

So definitely, crypto has been taking the limelight in this crisis, although you can argue that this could be a looming manipulation, but we can't deny that people are taking notice of crypto right now.

The fall in crypto was also much bigger than the stock market. I doubt it was the manipulation. But given the market size, the pandemic fear creating a panic and a sell off was expected. I would really like to differ from the limelight viewpoint too.
Limelight?
People expected crypto to be a safe haven in such cases and rather opposite happened. This is far from bitcoin being in any limelight.

[BrewMaster]

not the crypto market but bitcoin.
this is specifically because bitcoin market has never been like any other market and it has never been changing based on things that go on in the world. but thanks to a large number of panic sells and a lot of whale accumulators we saw a drop which means it had a negative effect meaning it pushed people away showing a lot of risk of manipulation.

[senne]

Most probably less due to the Coronavirus but probably more because of the potential hyperinflation. The federal reserve's money printer has been going ham lately. So, probably.

EDIT: speaking of money printers, check this out: https://brrr.money/

Many economists were expecting a slowdown following by recession. Corona is pretty much a reason for accelerating that and in wake of it, Fed had to cut the interest rates and print money which created hyperinflation.
So, the credit indeed goes to the CORONA.

[ballerin and giroud]

Seeing the increase price of bitcoin right now it is really possible. The stock and oil marker are still decreasing but no with bitcoin. I guess many people there have been aware of this, moreover halving event for bitcoin will only touch one month again. If the people see and read about the halving event and even they are studying about how bitcoin work then the possibility for them to move into cryptocurrency form traditional marker will be widely opened. I don't know why bitcoin price has increased as of now, I only hope that there are many new comers who come to this place.

[senne]

not the crypto market but bitcoin.
this is specifically because bitcoin market has never been like any other market and it has never been changing based on things that go on in the world.

Hardly any such major event on global scale has have happened which can validate this statement.

Everyone eyeing the recession like situation to see if Bitcoin can actually be a safe haven. But sadly the market is so immature as of now that it fell down worse than the stock markets worldwide. It jumped 20% because sellers got exhausted not because any new money is coming in.

[BrewMaster]

not the crypto market but bitcoin.
this is specifically because bitcoin market has never been like any other market and it has never been changing based on things that go on in the world.

Hardly any such major event on global scale has have happened which can validate this statement.

Everyone eyeing the recession like situation to see if Bitcoin can actually be a safe haven. But sadly the market is so immature as of now that it fell down worse than the stock markets worldwide. It jumped 20% because sellers got exhausted not because any new money is coming in.

you don't know that. the new "wise" money always comes in when there is a huge discount like this and price has gone way below the intrinsic value. that is why it is called "wise money" it looks for good investment opportunities.
but the main reason it jumped 20% because it was undervalued and the low price that bitcoin was at was a price way below its intrinsic value. the whalecumulators tried so hard to push it lower but when they failed they started buying back.

[kryptqnick]

I was just curious to know whether the Corona outbreak can help bring people's attention towards the crypto market?
Where many countries have banned short selling too in ever falling stock market along with the oil and gold prices tanking, I am sure many would be looking for an alternative. Regarding BTC which has recently touched the bottom (atleast according to technicals) after a 60%+ fall, I guess this is the best time to bring traditional investors toward btc. People have free time to read and understand cryptos too as they are quarantined  . 

What you're talking about seems to suggest Bitcoin as a safe haven. That is, that when everything else is going down, Bitcoin could actually be a chance to save the money. However, that, unfortunately, doesn't seem to be the case. For now, anyway. So as others said, people might've heard of Bitcoin more these days, but not in a good way. Rather, they could hear about it going down even more than anything else. And while there's quarantine now, I am sure many people don't feel like they have more free time because distance work can mean more stuff to do, actually. But perhaps closer to the halving event Bitcoin could get positive or at least neutral publicity.

[Nadziratel]

Recent developments have shown that everyone is still relying on FIAT currencies, and in a crisis, everyone prefers to hold FIAT, or USD, in their hands. I think this is a mistake for all of us. It means that we haven't been able to explain Bitcoin and crypto coins in the past years. Unfortunately, cryptocurrencies are considered only as a method of making money for the majority. I don't think we can fully understand how important something can be for the future of mankind. The reason for this may be the existence of many SCAM projects, shitcoin in this market.

[pixie85]

I have a case of Corona.

Corona fear is increasing day by day

I hope not. Planning to get drunk this weekend

[K4C]

I don't think people are getting interested in any money instead of their life! There is no reason to get attracted in Bitcoin when people are dying because of coronavirus, we are still safe so we are asking this kind of questions repeatedly! Today Bitcoin price increased highly and dumped again, it's the nature of crypto, so, I don't think it's because people are buying Bitcoin by selling their cash.

[minersday]

Personally, i don't really see and think now is the right time to bring big people into the bitcoin ecosystem. As it stands now, all the big influencers are focused on helping push corona virus out of the entire world . A lot of them are channelling their funds and resources into helping get a potential cure or vaccines for this virus.  Now is actually the bad time to focus on bitcoin.

[Gladiator25]

I was just curious to know whether the Corona outbreak can help bring people's attention towards the crypto market?
Where many countries have banned short selling too in ever falling stock market along with the oil and gold prices tanking, I am sure many would be looking for an alternative. Regarding BTC which has recently touched the bottom (atleast according to technicals) after a 60%+ fall, I guess this is the best time to bring traditional investors toward btc. People have free time to read and understand cryptos too as they are quarantined  . 

The news about the price of bitcoin falling on the market are widely spread in different country. With that news many people will notice the cryptocurrencies. Since some of the countries are in a lockdown, those people who wants to start to learn about crypto they have now the chance to get knowledge and to reduce their boredom.

[camito]

I was just curious to know whether the Corona outbreak can help bring people's attention towards the crypto market?
Where many countries have banned short selling too in ever falling stock market along with the oil and gold prices tanking, I am sure many would be looking for an alternative. Regarding BTC which has recently touched the bottom (atleast according to technicals) after a 60%+ fall, I guess this is the best time to bring traditional investors toward btc. People have free time to read and understand cryptos too as they are quarantined  . 

At times like these, where people are fearing for their lives because they might have the disease, or the tension due to qurantine, I think less people would pay attention to the crypto world. For us, and for some investors, they'd be really concerned with their assets and tbe crypto world as a whole. But normal people and families, would be less interested because they'd be more concerned about how they can get through everyday due to the quarantine. Though I think few people would be researching, they'd be dismayed also because they will see the decline even in this decentralized world.

[qory]

Both bitcoin and Corona have most important part because bitcoin dump after bigger cases Corona virus in many countries, maybe bitcoin keep safety on the top price if Corona virus have been stopped before and many people safe from this virus.

[OrangeII]

Recent developments have shown that everyone is still relying on FIAT currencies, and in a crisis, everyone prefers to hold FIAT, or USD, in their hands. I think this is a mistake for all of us. It means that we haven't been able to explain Bitcoin and crypto coins in the past years. Unfortunately, cryptocurrencies are considered only as a method of making money for the majority. I don't think we can fully understand how important something can be for the future of mankind. The reason for this may be the existence of many SCAM projects, shitcoin in this market.

well, honestly the desire of people to hold the USD and fiat is very large at this time, even that is evidenced by the value of the USD which increases if exchanged with my country's currency. Until now, whether the decline in the price of bitcoin is caused by corona or not, but I think that this virus should make the price of bitcoin higher. Yeah, but the current situation is totally different from what I expected.

[Assface16678]

Recent developments have shown that everyone is still relying on FIAT currencies, and in a crisis, everyone prefers to hold FIAT, or USD, in their hands. I think this is a mistake for all of us. It means that we haven't been able to explain Bitcoin and crypto coins in the past years. Unfortunately, cryptocurrencies are considered only as a method of making money for the majority. I don't think we can fully understand how important something can be for the future of mankind. The reason for this may be the existence of many SCAM projects, shitcoin in this market.

well, honestly the desire of people to hold the USD and fiat is very large at this time, even that is evidenced by the value of the USD which increases if exchanged with my country's currency. Until now, whether the decline in the price of bitcoin is caused by corona or not, but I think that this virus should make the price of bitcoin higher. Yeah, but the current situation is totally different from what I expected.

From the previous weeks, the world experience a pandemic plague and that is the coronavirus and many people get alarmed and some of them are holding back their funds and investment because they are afraid to lose too much money and some of them really affects the world market some of the stock markets rapidly down and this is not a good chance at the stock exchange also the market of the cryptocurrency fall the bitcoin and the altcoin becomes downfall because of the outbreaks happen. Still, the market price is on slowly recovering and they are now making a lot of changes because yesterday the cryptocurrency receives a huge investment and this is a sign of improving market again.

[retnocintaku]

Crypto assets are still very attractive to trade despite the decline caused by the virus situation Covid-19. BTC is currently experiencing high enough spikes. And I guess a lot of people who take advantage of the BTC price increase.

After the Covid-19 virus is expressed as a pandemic virus. Now many in some countries are already doing Lockdown. With many communities doing work from home of course trading this crypto asset will be an attraction by many people.

After experiencing a decrease of 60% slowly BTC could rise again. And I think this impact community in quarantine at home choose to invest in crypto.

[coingecko]

Coronavirus is the start of a new era.
What follows next would be the Fed and central banks around the world injecting new money into the system.

Remains to be seen if bitcoin becomes an even more attractive asset class in that new setting; ultimately we must all defeat the virus first.

[LogitechMouse]

I was just curious to know whether the Corona outbreak can help bring people's attention towards the crypto market?

Probably those who have knowledge of cryptocurrrency are the ones who will be curious enough to buy or at least do some research on it. I don't expect an average person to buy crypto at this crisis that they are in need of fiat currency than crypto.

Where many countries have banned short selling too in ever falling stock market along with the oil and gold prices tanking, I am sure many would be looking for an alternative. Regarding BTC which has recently touched the bottom (atleast according to technicals) after a 60%+ fall, I guess this is the best time to bring traditional investors toward btc. People have free time to read and understand cryptos too as they are quarantined  . 

Well, there are some experts here who are invested on both the stock and crypto and yes the global stock market are falling down very hard within the past few days and also crypto but the difference is crypto just recover faster than stocks. Regarding the alternative, still those who have information with crypto are the ones who will see it as an alternative way to get profit. Not all of the people around the world are interested in crypto right now and not all of them have the chance to keep some of their money to invest on it since they need cash to buy supplies.