Virus Bear Market?

[Viscore]

The cryptocurrency market is similar to the stock market, not the gold market. The stock market collapsed, respectively, the price of cryptocurrencies collapsed too. Bitcoin is only conditionally called digital gold. The bearish trend may indeed resume after halving. If there is a second wave of coronavirus in the fall, the economic crisis will be even more devastating for the economy. The stock market, cryptocurrencies and commodities may show new price lows.

Did the price of cryptocurrency collapse? I think you are not seeing the right market.
I've witness bitcoin dip this year but I never loss my trust to it, and now it has pump to $10,000 before it drop, when it reach at $10,000, I have already made some good profit on that, and if bitcoin will dump again, I don't call it a bad market because once again it gives us an opportunity to dump.

Stocks does not dump most of the time, but bitcoin can dump and bounce back, they are different IMO as when we are seeing bitcoin will dump, we use to think it's normal because it will just recover soon, but in stocks we will have doubt as stocks are suppose to be stable. s

[Vishnu.Reang]

Do you think the btc halving has already been priced in at near 10k?

What year are we in that 4 year cycle?

Ideally we should be in the 20K range, with a new ATH. Now the question is why that is not happening? Contrary to what the experts say, there is limited liquidity available in the market. As a result when some whale dumps his coins all of a sudden, the prices drop by 10% or 15% all of a sudden (just like what happened today). Unfortunately, this situation is going to persist for a few more years.

[wozzek23]

If we consider most of the reports for whales wallet transaction, they are still holding to there coin till now, over 2½ years . Most trades are very minimal for whales, this ones are very rich and may never consider trading those small pump and dump. we always believe we understand the process of dump and pump of bitcoin especially, it is more than the technical analysis. Am very happy the pandemic came this year not 2021 which could delay the bullrun more than we expect. I believe we are still in the 4 year cycle.

Do you think the btc halving has already been priced in at near 10k?

What year are we in that 4 year cycle?

Honestly $10k price is a psychological barrier that we are having trouble breaking over easily for years now, no matter how many times we moved over $10k we have managed to go down so I really do not know if we can do it right now or it will be like all other times and drop down.

In the end I feel like bitcoin was already around $9.9k and it has dropped like hell, that is ~1400 bucks lower than the recent peak. I have said the same thing last time we were over $10k 3-4 months ago, I said that $10k is just a psychological barrier, technically speaking there is literally zero difference between $9k and $11k, they are all the same however for some reason people see $10k price and start to sell. That 5 digit must have some sort of psychological thing in people's minds I suppose.

[very_452001]

Okay so the btc halving looks like it has been priced in already last week right?

Typically after each halving how much on average does btc dump by in % before resuming a bull market?

Last year btc had a mini bull market that reached $13k with no virus pandemic then. Afterwards it dumped 50% of its value to $7k then went back up to $10k before the virus dump to under $4k. With no economic pandemic doom last year why the price went from 13k to 7k then 10k? Who were the buyers and sellers then? Why the price moves up or down in £3000 range price swing patterns?

Do we expect to see mini bull markets and mini bear markets continuing with each price swing up or down with a price range of $3k meaning there are longer no more long years 4 cycle phases of a market? It will just be hard to predict random mini bull markets and random mini bear markets lasting just a few months until the virus uncertainty is gone? But then again why last year 2019 BTC didnt reach new ATH of $20001 in 2019?

Lastly will bitcoin halving make mining unprofitable and if miners leave then what will happen to the btc network?

Bitcoin is already deflationary at limited at just 21 million bitcoins available. The halving makes btc more rarer but how will this play in the markets that is mining profitability vs btc rarity?

Finally has energy electricity prices have come down like oil in the markets to determine miners profitability?

Btc needs to break the psychological pre-pandemic high of $10400 last Feb setting up higher highs if we know for sure btc will have a long bull market right.

 

[exstasie]

Okay so the btc halving looks like it has been priced in already last week right?

Typically after each halving how much on average does btc dump by in % before resuming a bull market?

In both 2012 and 2016, the market rallied in the months preceding the halving, then dumped before the actual halving took place. It looks like history is repeating again.

After the August 2012 rally, BTC crashed 57% from $16.41 to $7.10.

After the June 2016 rally, BTC crashed 40% from $779 to $465.

While I don't necessarily expect a 40%+ crash, it's a very real possibility. I'm slightly disturbed at the number of OGs who think only shallow (sub-20%) corrections are possible, and who seem to be sure we are entering a parabolic bubble. I think it's more likely we are in a mid-term accumulation phase like 2015.

[silversurfer1958]

I do not think BTC will collapse due to the COVID-19 epidemic. It is true that this epidemic has caused the global economic recession. There are many bankrupt businesses and unemployed workers. Governments such as the United States and the EU have had to print huge amounts of money off the market to revive their economies. As a result, stock prices, gold prices and BTC prices have increased significantly after a severe decline. BTC from $ 3800 has risen sharply to $ 10k in the last few days. I think that by the time of havling, the price of BTC will rise even more.

[davinchi]

The market is already growing, and the halving has already taken place. Before halving the price did go up and then declined to $8.3k and now it has been moving up, around $9,100 when I last checked. This is not going to be the end, it's going to keep on growing and that's it. We are all not very sure where it's going to reach, but there has been a lot of wild speculations before now and some have been predicting that it will reach $50,000 or even above that, and some have kept it at $30,000. I really don't have anything to say of where it's heading, but I hope it goes for a better position, because the halving is something that we all have been looking forward to.

[very_452001]

The market is already growing, and the halving has already taken place. Before halving the price did go up and then declined to $8.3k and now it has been moving up, around $9,100 when I last checked. This is not going to be the end, it's going to keep on growing and that's it. We are all not very sure where it's going to reach, but there has been a lot of wild speculations before now and some have been predicting that it will reach $50,000 or even above that, and some have kept it at $30,000. I really don't have anything to say of where it's heading, but I hope it goes for a better position, because the halving is something that we all have been looking forward to.

But doesn't the halving affect Miners and has the energy electricity markets have come down in price to make mining profitable?

[Emitdama]

This virus took the world by sudden and I believe that's why a lot of things were ruined like this, because if they knew about it (if China let them know about it) they would have been more prepared about it and even if it does spread it wouldn't be as serious as it is now, and they will be able to contain it as quickly and as easily as possible.

So, it's because it came all of a sudden that's why everything was affected heavily. As for now, things are getting back to the top. A lot of stocks that were affected by the pandemic are now recovering and their price going back up. Even cryptocurrencies that crashed earlier have been increasing in price again.

[Sanugarid]

This virus took the world by sudden and I believe that's why a lot of things were ruined like this, because if they knew about it (if China let them know about it) they would have been more prepared about it and even if it does spread it wouldn't be as serious as it is now, and they will be able to contain it as quickly and as easily as possible.

I'm not a chinese or something that is related to China in any way but what do you mean by " If China let them know about it, they would have been more prepared" lol as of 2019 China is reporting a new case of coronavirus, the world did not just take it seriously especially the America. The fact that the virus can live to surface for days is the reason why it spreads quickly.

So, it's because it came all of a sudden that's why everything was affected heavily. As for now, things are getting back to the top. A lot of stocks that were affected by the pandemic are now recovering and their price going back up. Even cryptocurrencies that crashed earlier have been increasing in price again.

The world is not ready for pandemic, that's all. If we could have just built more hospitals, schools, medical facility of this kind we could have won this battle easily but instead countries are busy for researching a destructive weapon in case of war. Look at the world now with the silent war.

[raidarksword]

The corona virus did a big part why crypto industry is down and started the bear market mode up until now. Even the halving hype did not create so much to push the price upwards and sustain in for a long time, instead it dumped again. Our economy will only recover if vaccine will be manufactured in due time then everything will be back to normal and see the silver lining of this pandemic we are into.  

[Negotiation]

It will take a long time to recover the economy but the vaccine for this disease has not been discovered yet I don't think it's possible to get a vaccine for this disease anymore. Many countries have already come under control. The impact of the virus on the market is much less now The market is getting worse and worse because of the bears They are managing the market as they wish. The situation is going to be worse in the world but the virus is not affecting the beer market Everything is going back to the way it was before the bull's influence was gone.

[reality18]

COVID 19 has had major blow to many sectors of live including financial and economic sectors. Comparing the impact on the economy of some countries, one can say the cryptocurrency market has be resilient and showed great resistance. There has not been a major decline in the market due to the COVID 19.

[onrise]

It will take a long time to recover the economy but the vaccine for this disease has not been discovered yet I don't think it's possible to get a vaccine for this disease anymore. Many countries have already come under control. The impact of the virus on the market is much less now The market is getting worse and worse because of the bears They are managing the market as they wish. The situation is going to be worse in the world but the virus is not affecting the beer market Everything is going back to the way it was before the bull's influence was gone.

We all have to go a long way from here because it will take years for now to economy to be back on the track as we had in 2019 or 2018. This is not going to be easy and now once the lockdown of the countries is lifted the real problem will begin and in next quarter we will come of with many small and big problems of many workers, companies, demand, money supply etc int h world. BTC hopefully during all this time will continue to outperform the other markets.

[BD Money365]

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[brotherwood12]

when people have no income , they will start sell their assets ,so yeah the pandemic cause the  bear on the market , just hope this will end soon and economic get better

[btc_love]

I think that the bear market will start later, because this virus is only the beginning.

[peter0425]

Hello,

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

You have already got your answer and Nope nothing helps from Halving as we are still in lower capitalization and you can just check the market for that.

I think we will stay in this situation until middle of next year and that is the hard time we must face but after that?i believe that  Bull will come to rescue us and at least double out money from this fall.

[very_452001]

Okay what about the miners with their limited rewards now cut in half. Are they still profiting in the most mined countries and hows the energy electricity prices there now? Cheap?

It looks like the only way out of this uncertainty is a global coordinated vaccine then proper bull markets will follow right? Meaning no bull market this year?


Can governments worldwide sustain this money printing injecting trillions every 2-3 months stimulus till global vaccine is released?

The question is will government bailed out companies and government bailed out employees use their stimulus cheques to buy bitcoins and will we experience a temporary stimulus cheque bull market this year (market artificially inflated by stimulus cheques) till the ink in the money printer finishes?

Lastly does free stimulus cheque money devalues bitcoin in anyway? For example if USDT token decides to print out a trillion USDT tokens out of thin air and bitcoins have been bought for free because of this then wont this affect the true value of bitcoin?

Is there a way to make bitcoins only purchasable with true hard earned money instead of free money? Possible to create such market?

[bearexin]

The market is already growing, and the halving has already taken place. Before halving the price did go up and then declined to $8.3k and now it has been moving up, around $9,100 when I last checked. This is not going to be the end, it's going to keep on growing and that's it. We are all not very sure where it's going to reach, but there has been a lot of wild speculations before now and some have been predicting that it will reach $50,000 or even above that, and some have kept it at $30,000. I really don't have anything to say of where it's heading, but I hope it goes for a better position, because the halving is something that we all have been looking forward to.

What made you think that the Coronavirus has nothing to do with cryptos? This is a pandemic and it has lots of ways that it can affect Bitcoin and other cryptocurrencies. Although the cryptocurrency market has managed to recover recently, at first there was a panic and a lot of people were afraid that Bitcoin will fall, and not just Bitcoin, including the stock market. And things started to get worse when it got to the extent that there was a lockdown and so many companies were losing money to the extent they had sack their staffs.

People were losing their jobs, and cryptocurrency doesn’t seem like a good option for them at that moment. I’m happy that Bitcoin has been able to recover, and it’s likely to keep the growth steady.