Virus Bear Market?

[NavI_027]

I think there will be a small effect to the price of the bitcoin after the halving or maybe there will no effect at all.

I can still feel that this year's halving will provide a significant increase on the price. However, I admit that the chances are getting low as the situation is getting worse. So we must move fast right after the after the halving because we might miss the boat .

This crisis will be recorded in the history because of the collapsing of the economy.

Of course, whether when it comes to the virus or crypto world, it will be recorded. But I think the Bitcoin's worst halving (if ever happen) will be more memorable for us compare to the damage done by the pandemic. Because if we compare this Covid 19 to previous pandemics happen like the Black Plague or Spanish Flu, it was nothing. Nevertheless, I hope this pandemic will end soon.

[Reatim]

All people are affected on this pandemic this includes cryptocurrency investors. Most had sell their crypto to be able to survive since the pandemic had caused the ecomy to fall. This totally affected crypto market as a whole. If the economic effect of the will last for a year,  the crypto market as we expect it to grow when the halving occurs might not take it's course.

This is the problem because small holders now need to release their long time holding funds just to sustain foods in their tables because of this pandemic.
Some of my friends in Group are now accepting the fact that after long term holding they have no choice but to sell out the precious holdings.
This same reason why now most of the holders are affecting the market value because of dumping.
But we need to be strong specially we that can still mange to hold even there are some shortage happening because of limited fundings we can find this time of Virus.

[Averim]

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?

Gold dont crush because the value of fiat is made considering the national gold reserves, this could be a explanation.

[inoes]

Not only bitcoin, altcoin has also been negatively affected by this virus. only Usdt remains stable ... is this a sign that we are better off switching to Usdt? but it's just the same as we save dollars. I suggest besides Cryptocurrency is gold.

[Vishnu.Reang]

There is no doubt that the ongoing COVID 19 outbreak is definitely one of the major reasons for the bearish movements in the cryptocurrency market. But at the same time, there are a lot of other events which are taking place in the background and they don't get much media attention. During the past 2-3 weeks, we had two major dumps by PlusToken scammers, which tanked the exchange rates by close to $1,000 each on both occasions.

[naaimmd]

There is no doubt that the ongoing COVID 19 outbreak is definitely one of the major reasons for the bearish movements in the cryptocurrency market. But at the same time, there are a lot of other events which are taking place in the background and they don't get much media attention. During the past 2-3 weeks, we had two major dumps by PlusToken scammers, which tanked the exchange rates by close to $1,000 each on both occasions.

now I think crypto is more stable with support at 6500$ but everyday COVID19 becoming more and more dangerous I am worried because of that in 1-2 months maybe crypto will fall bellow 2500$. but good thinks that many countries trying to find a cure so if this works crypto might pick from here and touch 10000$.

[coolcoinz]

There is no doubt that the ongoing COVID 19 outbreak is definitely one of the major reasons for the bearish movements in the cryptocurrency market. But at the same time, there are a lot of other events which are taking place in the background and they don't get much media attention. During the past 2-3 weeks, we had two major dumps by PlusToken scammers, which tanked the exchange rates by close to $1,000 each on both occasions.

Nice theory but you will never be able to back it up by evidence. Please read how much plus token has scammed and how much of that was sold last year.
If there are any corections they are 100% not the result of plus token.
Also, all those $1000 predictions lack substance. I'll repeat after a number of smart people in the scene: the bottom is in. You can accept it or try to fight it and argue. Either way, you will never be able to buy a $1000 bitcoin again, sorry.

[very_452001]

So it looks like Bitcoin is correlated to the stock markets.

But Gold market however is looking to reach a new ATH now.

So shall we assume if Gold comes down in price then BTC will go up?

Why cant BTC be a independent market like Gold?

[exstasie]

So it looks like Bitcoin is correlated to the stock markets.

But Gold market however is looking to reach a new ATH now.

So shall we assume if Gold comes down in price then BTC will go up?

There isn't a strong negative correlation, so probably not. Stocks, BTC, and gold have all recovered together since the crash. Gold is just outperforming them both by an impressive margin.

Why cant BTC be a independent market like Gold?

Gold has been valued throughout the world for many thousands of years. Bitcoin has existed for ~11 years. What did you expect to happen? Financial and economic crises aren't usually kind to risky assets.

Gold production is way down right now, as the world's biggest producers have shut down. That's been a huge boon for price. Less supply means higher prices.

[lienfaye]

All people are affected on this pandemic this includes cryptocurrency investors. Most had sell their crypto to be able to survive since the pandemic had caused the ecomy to fall.

The decision of the investors to sell is reflecting on the market thats why it crash drastically few weeks ago. Even we like to hold our assets for long period there are times we are put in emergency situation just like this and we have no choice but to sell especially if we are not prepared and dont have cash to spend.

Nevertheless the market is way better now compared to its state before so if we overcome this problem about the virus I think thats the time for us to expect another bullish market in the future.

[moonblocks]

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?

If you haven't already hedged half your portfolio in preparation you're simply not doing it right!

And that's all I can say

[Casdinyard]

All people are affected on this pandemic this includes cryptocurrency investors. Most had sell their crypto to be able to survive since the pandemic had caused the ecomy to fall.

The decision of the investors to sell is reflecting on the market thats why it crash drastically few weeks ago. Even we like to hold our assets for long period there are times we are put in emergency situation just like this and we have no choice but to sell especially if we are not prepared and dont have cash to spend.

and the main reason why most of us sold part of what he are holding is because of fear, as a matured man this is my first time living with this kind of situation where you cannot go outside, there will be no income and the only thing we need is our necessities but it does not come for free so we need the money. If it happens that crypto is spendable during these then we could have spent it before the price crashes.
We cannot avoid the emergency situations like this, even if one in your family gets hospitalized you will need a money to support them and it goes same as our situation right now.

Nevertheless the market is way better now compared to its state before so if we overcome this problem about the virus I think thats the time for us to expect another bullish market in the future.

The market is pretty well right now, in my opinion, prices are not that high so we can invest as much as we want until the price starts to run upwards.

[Kemarit]

Are markets in a dead cat bounce now? and do we expect to see a lot of volatility in the Dow Jones and BTC markets in the coming weeks while this lock-down is still in place?
Bitcoin is over 7k now. Whos buying it to keep it above 7k as google trends does not correlate to this?

Bitcoin is below $7k, maybe there are people selling for cash because of the extend lock down.

These are the conditions I see:

- Dow Jones and BTC will go up and stabilise back to normal figures before the pandemic if we either get out of lock-down or Vaccine is announced or people have to spend their govt bail out cheques on BTC and the stock market to keep the markets stabilised. Gold will come down in price. Which one is it or what you think it is?

Or

- Dow Jones and BTC will be volatile during lock-down and these lock-downs can be extended by govt for months or even into next year meaning we will see a volatile virus bear markets with a lot of bull traps and bear traps during this period? Possible for newer market crashes in lock-down period? Gold can reach all new ATH's.


If you disagree then whats your long term analysis you like to share with us?

Doesn't matter though, as long as people are in fear of the Covid-19 and the infection is not yet control globally, we might see the price just swinging in the range of $6k-$9k even after the halving. So there's a lot of uncertainty for now and it's really hard to predict the market, regardless if it is traditional market like Dow Jones or as volatile market as cryptocurrency.

[shoreno]

if governments say that virus will last until next year , will also believe on that ?well for me id say no . virus is not predictable . it can be cured and pandemic will stop next month or two but i dont believe it will last over a year .  and why call it it virus bear ?  there is no such thing as virus bear afaik but i only hear bear ( the opposite of bull or bull run ) virus normally cant cause bear but its only a co incident i guess that the virus that we experience is spreadable , causes people to panic and changed thier lifestyle .

[lienfaye]

if governments say that virus will last until next year , will also believe on that ?

It depends, if there's a cure already then it wont last that long. We are waiting for the vaccines that can address this virus and I think a big pharmaceutical company has made an antibody medicine for the virus but didnt disclose it and will be available on May in the market base on the reports here.

On the other side investors need cash to by necessities so some of us sell their assets resulting for the market to turn bearish. Its not because of the virus but because of the investors who sell for different reasons.

[Star_Bucks]

The world is experiencing a very difficult crisis, the coronavirus, this virus are already spreads throughout the world and it affects a lot of people nationwide so that many business are also affected on it. The market price also affects because it go downs rapidly in just a simple day.
In the situation nowadays the bear market is not really impossible because of the pandemic virus, many crypto users nowadays are just focusing on their on lives so that the market price are just stable as we all know, the market price will remains as a low price. If the pandemic coronavirus will end everything will be fine, because if the coronavirus will not long last many businesses will get back to normal and as expected the market price will be fine.

[Jeremy Franklin]

The world is experiencing a very difficult crisis, the coronavirus, this virus are already spreads throughout the world and it affects a lot of people nationwide so that many business are also affected on it. The market price also affects because it go downs rapidly in just a simple day.
In the situation nowadays the bear market is not really impossible because of the pandemic virus, many crypto users nowadays are just focusing on their on lives so that the market price are just stable as we all know, the market price will remains as a low price. If the pandemic coronavirus will end everything will be fine, because if the coronavirus will not long last many businesses will get back to normal and as expected the market price will be fine.

I am sure after the Covid-19 pandemic we will face a huge recession, comparable to the last financial crisis or even worse. It might get ugly for some people, but the regular person will get through this and we will see new all-time highs in a few years again. This is how economic cycles work, it can't go up all the time. From time to time we face difficult situations but there is one thing we learned from all the crisis before: It might take some time, but we overcome them and we will face a new bull cycle afterwards.

[MCobian]

It must be admitted that this corona virus has a huge impact on the world economy, causing the market to crash. Indeed there is no technical
relation corona virus with bitcoin, but how come the price of bitcoin is affected by corona virus. We see the situation now that makes a lot
of people lost his job. Surely the holders of bitcoin panicked and sold the bitcoin they had to buy their daily needs. This is why the price
of bitcoin has fallen, and what scares us all is that no one knows when this crisis will end.

[tvplus006]

...On the other side investors need cash to by necessities so some of us sell their assets resulting for the market to turn bearish. Its not because of the virus but because of the investors who sell for different reasons.

At a time when many people sit at home and do not receive a salary, income from cryptocurrency remains the only earnings. Therefore, many people instead of expecting a high price for bitcoin are forced to sell it now at the current price. But the good news is that we don't have to sit around in quarantine.

[Kez1817]

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?

I think you have a point that the covid19 is the reason or cause the crash of bitcoins value because of this pandemic everyone is worried and others get panic ,so if they have bitcoin ,they surely sold it just to buy foods and other important needs during this time. But on the other side ,most people that have bitcoin will surely do trading and investing while stay at home and can't work outside to make money. Whatever the effect of covid19 in crypto space,bitcoin will remain valuable.