Virus Bear Market?

[very_452001]

Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:

Covid-19 virus recently caused the crash of btc over a week ago?

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

Will Btc halving this May coming will get us out of this virus bear market?

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

[fiulpro]

If the whole economy goes down , people starts to loose their jobs how do you think they will be able to sustain their investments?
At the time of Quarantine when people are packed inside their houses and price of something normal is overshooting , cryptocurrencies halving will be the least to worry about .
I do not think that the halving will change anything , maybe a slight push and that's it.
Until and unless all the investors are back on the track expect the price to be low.

[Darker45]

Gold just had its own share of red days earlier. Silver had a worse one. The same with Bitcoin. They were all falling earlier. I guess those were the panic days, the phase of initial impact of the realization that this current crisis is a very serious one and it could last longer than imagined at first.

But then we are now looking at the value of these metals and Bitcoin starting to grow. I guess investors are now shifting their money toward them, treating them as safer options. And I assume some of them include Bitcoin as one of their hedges in the face of this pandemic.

I don't think the upcoming halving will have a very significant influence on Bitcoin's price in the next several weeks. This is especially because there are bigger factors coming into play right now.

[The Cryptovator]

Virus is the responsible for current bear market. You accept or not that's the only true. Instead of invest on bitcoin users are selling for real cash. Almost workplace are closing now, so earning source is reducing. In that situation we can't imagine new investment on bitcoin. In a result bitcoin prices dumping. Although gold markets hadn't dumped huge but market also getting red. Gold not dumping much because much people not selling it. Gold, silver or bitcoin isn't mandatory for our daily life. That's why basically people aren't interested to invest now. Honestly I believe to we can't overcome from this situation if we can't overcome from COVID-19.

[exstasie]

Covid-19 virus recently caused the crash of btc over a week ago?

I'm sure the panic around the corona virus played a role. There were a couple additional factors that intensified the crash:

• Bitmex mass liquidations and related spot selling algorithms
• The PlusToken wallet scammers were dumping coins

Will Btc halving this May coming will get us out of this virus bear market?

If the stock market keeps bleeding 5-10% a day, then look out below. The halving won't mean shit and the panic will eventually spread to BTC again.

BTCUSD has already made an amazing recovery, bouncing 81% from the bottom. To keep that recovery intact, we need global markets to not capitulate like 2008.

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

Why did stocks crash? Why gold, oil? Everything crashed or at least lost considerable value.

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

What makes you think they turn to "digital gold?" They are most likely to turn to cash.

[Sadlife]

Bitcoin 30% drop was not due to corana virus but in correlation with the stock market that has been in a parabolic rise since 2008, corana virus was only the trigger and it can never be the fundamental cause of both stocks and cryptocurrency markets.
After weeks, the stock is still dumping while on the other hand Bitcoin is doing well i guess it has already decoupled from stock after Institutional pulled out and came back seeking safe haven to store their wealth.

[Findingnemo]

Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:

Covid-19 virus recently caused the crash of btc over a week ago?

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

Will Btc halving this May coming will get us out of this virus bear market?

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

Panic created from this virus spread caused the crash of btc.

Possibly we may see new lows or new high on crypto prices so it all depends on how investors react to this.

Bitcoin is not related to virus but it related to people and people are getting affected with corona so bitcoin is also getting affected.

Gold market still faced red path but not as others because it is existing here for centuries but bitcoin is only over a decade.

[Janation]

Covid-19 virus recently caused the crash of btc over a week ago?

It is said that Covid can't really affect the Bitcoin price

There might be some that panicked because of it but as far as I know, the PLusToken scam majorly affected the fall and coincidentally, it went together when the pandemic is getting worse.

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

I don't think that it will last that long.

From the drop to $5K, now we are looking at the price of $6K. Ever since it reached that price, it is not going down and not that going up either so maybe before the halving, we will be starting at the price of $6K.

Will Btc halving this May coming will get us out of this virus bear market?

We don't know.

But the thing about the halving is that it will obviously affect the price of Bitcoin positively.

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

The stock market is majorly affected by it.

I think investors thought that Bitcoin and other cryptocurrencies will also be affected that is why some investors already sold some of their BTCs for the dump, and it happened and thought it was all because of the virus.

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

It did crash but it is affected.

The stock market is affected and I don't think Gold be an exemption to that. It is a debate in the past whether Bitcoin is a safe-haven investment or not and I think it is not a safe-haven. Might not be even a store of value.

[btc_angela]

Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:

Covid-19 virus recently caused the crash of btc over a week ago?

It could be consider as one of the biggest contributory factors to the massive declined we have seen  last week.

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

On the contrary, I think every government in the world is doing their best to stop the spread and control it. I'm sure a vaccine could be found, just a matter of time.

Will Btc halving this May coming will get us out of this virus bear market?

Not really sure about it, but if you have to take a look at the previous historical logs, halving is the main catalyst for an eventual bullrun.

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

Because every market is connected, that's why all them have crashed because of the covid-19 pandemic. However, bitcoin is making a stand and it is still trading way better than traditional markets.

[Wexnident]

Gold crashed as well mate. Not a single market was spared with the impact of the recent panic virus attacks. As for why BTC was hit, well, instead of the virus, it would be more apt to say that the panic hit BTC instead. As you know, before the BTC market crash, stock market crashed. This was then followed by continuous negative news regarding the spread of the virus, and imo, probably caused a chain reaction of panic towards the traders of BTC, which then lead us to the current situation. You could even say that the entire economy crashed because of the virus, whether it be a direct or indirect cause.

[metenjean]

Virus make market down and keep lower price more than one month, after China announce their corona virus problem to the world bitcoin and altcoin have down drastically and make many people panic for selling assets with lower and cheap price, now we must ready bad planning if Corona virus can't stop.

[eaLiTy]

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

When ten thousand of people are dead globally within a few month you think it is a hype or a real thing to take precaution and that is exactly many governments are trying to do at the moment.

Will Btc halving this May coming will get us out of this virus bear market?

You cannot expect the market to recover all of a sudden after the halving, just have the patience to hold for a few months and the market will recover.

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

The market depends upon the economic situation and we have financial institution investing in the market and if they foresee that the rest of the market is going down they might book their profit to reduce the loss and i think that is what happened here.

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

During the times of recession people will turn to gold but there is no concrete evidence that people will invest in BTCitcoin.

[Assface16678]

Virus make market down and keep lower price more than one month, after China announce their corona virus problem to the world bitcoin and altcoin have down drastically and make many people panic for selling assets with lower and cheap price, now we must ready bad planning if Corona virus can't stop.

The virus spreading does not help a lot to the market for over the world because today they are avoiding to have transportation because we are now avoiding having physical contact with the things we can touch. Also, the world of crypto currency falls down because there are some people converted their money into fiat currency just to avoid having the lack of sources to survive the outbreak still we are looking forward to make more earning while the virus is spreading because some of the people today accept the use of crypto or the digital currency as payment because it is faster and secured also they don't need to go outside because some of the places today made a lockdown to avoid people being infected.

[Lucius]

Covid-19 virus recently caused the crash of btc over a week ago?

Some say that nothing in the world happens by accident, so one should not think that a BTC drop of 50% happened just like that. COVID-19 launched a chain reaction in which all markets are hit, some less, some more - BTC was no exception.

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

Which government says that? Realistically speaking, they have no idea - if they had listened to the scientists the virus would have done far less damage than it does now, and instead they pushed the thing under the rug in an effort to protect profits.

Will Btc halving this May coming will get us out of this virus bear market?
Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

I have to look in my crystal ball and I'll get back to you about halving - and in the meantime, try not to mix viruses that spread through the Internet and those that attack people.

[Sanugarid]

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

If you are asking for why bitcoin dropped during this corona virus time , IMO I think panic is part of it and also when hodlers think price is dropping and they want to sell and get back their money. This is unfortunate but I think this is what could be the reason.

Yeah the panic from the people is the very reason why the bitcoin price dumped last week, maybe some of people in here withdrew their cash when the virus spreading gets severe and other countries are situated in lockdown and quarantine. I hope $6K is the lowest we could go down this year and the halving event will give us something huge. I also firmly believe on our strong hodlers and believers, I salute them for frontlining the price resistance.

[Febo]

Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:

Covid-19 virus recently caused the crash of btc over a week ago?

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

Will Btc halving this May coming will get us out of this virus bear market?

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

You just need to read what you wrote and you would realise you answered your questions.


Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns ...

[boltz]

It's not a virus bear market ...it's just the effect of the coronavirus that went world wide so there are no exceptions. Every economy has go down a lot and it looks like it will continue to go down as the number of cases are still increases...stay safe guys, forget a while about cryptocurrencies, stay with your families , love them and we can all celebrate in some months. For now cash is king so don't waste them on things that won't bring you food and water. Bitcoin can't bring you this goods right now.

[very_452001]

If the whole economy goes down , people starts to loose their jobs how do you think they will be able to sustain their investments?
At the time of Quarantine when people are packed inside their houses and price of something normal is overshooting , cryptocurrencies halving will be the least to worry about .
I do not think that the halving will change anything , maybe a slight push and that's it.
Until and unless all the investors are back on the track expect the price to be low.

So you saying investors selling their bitcoins for cash because they need cash to buy overpriced out of stock panic buying groceries to survive because jobs are lost and companies shutting down?

What about central banks printing more money? Wont that de-value cash further? 

So if people can pay for things like groceries with bitcoin with central banks printing more money inflation then would bitcoin crash like it did with the virus?

Virus is the responsible for current bear market. You accept or not that's the only true. Instead of invest on bitcoin users are selling for real cash. Almost workplace are closing now, so earning source is reducing. In that situation we can't imagine new investment on bitcoin. In a result bitcoin prices dumping. Although gold markets hadn't dumped huge but market also getting red. Gold not dumping much because much people not selling it. Gold, silver or bitcoin isn't mandatory for our daily life. That's why basically people aren't interested to invest now. Honestly I believe to we can't overcome from this situation if we can't overcome from COVID-19.

2018 to mid 2019 the last bear market lasted. So this Virus bear market will end when governments announce vaccine?

Governments saying this virus hype can last till next year, meaning bear market will end till next year or when vaccine is announced, whichever comes first?


[moderator's note: consecutive posts merged]

[exstasie]

What about central banks printing more money? Wont that de-value cash further? 

So if people can pay for things like groceries with bitcoin with central banks printing more money inflation then would bitcoin crash like it did with the virus?

It will devalue cash over the long term. Inflation is up 20% since the last QE party began in 2008. That will continue.

You can already pay for groceries with BTC. It's easy to buy gift cards to Amazon (Primenow, Prime Pantry), Whole Foods, other supermarkets. You can also use apps like Spedn at physical stores.

The problem is the market doesn't trust BTC to hold its value. It's considered a high risk asset. Merchants and vendors don't want to hold it. In bear markets, investors don't want to hold it.

If BTC were the global medium of exchange everyone used, it wouldn't crash like it did, but that entails a lot more than being able to buy groceries with it.

So this Virus bear market will end when governments announce vaccine?

No idea, but it would sure be a start!

[Wysi]

Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:

Covid-19 virus recently caused the crash of btc over a week ago?

Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?

Will Btc halving this May coming will get us out of this virus bear market?

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?

First tof all its not only crypto world it's the entire market which has been crashes as you can see daily drip im hold rates as well and right now survival is the key concern as people are least bothered about future as they just wants to survive the present as future looks uncertain due to corona virus. We should stop worrying about the crypto market for a while until things settled down and even if the halving takes place now it will be a flop due to present circumstances.