Virus Bear Market?

[rose9696]

An economic crisis or a major recession is also likely due to the fact that major European countries are constantly affected by the corona virus. Russia is one of the countries where the number of infected people has increased and the US has not been able to control the disease well. If this continues for another 5 months then I suspect that investors will run away once again and the market will be bloody, especially not except for crypto. Be prepared for this.

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[very_452001]

When China government/bank are officially releasing their centralised national crypto cashless society coin?

Will china see bitcoin as a threat to its centralised national crypto cashless society coin or both can co-exist in the market?

Can the public buy or invest in this china coin or is it the matter of the public swapping their cash for this china coin?

This China coin will be just like stable USDT but centralised right?

Can the public buy btc with china coin? Will exchanges open up new trading pairs with btc and china coin?

China buying a lot of gold and stocking up on its gold reserves. Will china mislead its people and say their china coin is backed by gold? And if USA dollar fails as a world reserve currency in these gloomy economic times then will the new chinese crypto coin become the new world reserve currency cause china will claim its backed by gold showing its huge gold reserves to the world to prove it?


Okay main question is if China see btc as a threat to its centralised coin then can china raid all the mining pools in its country and have like overall control like 80% of the btc network hash power? If so then chinese government can launch 51% attack on bitcoin right because 80% is more than enough compared to 51%. Correct me if im wrong.

Why electricity is cheap in china?

If electricity in china wont increase in price soon in china then what can we do stop centralised mining pools/farms in China and diversify that 80% mining monopoly from china to world wide in other countries? Will a new btc hard fork required for this or soft fork?

Will changing btc to POS from POW fix this?

[reliable]

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

We may know the real effect once the economic starts opening up after the lockdown how the situation turns ugly or is it stable. Because demand certainly going to fall as unemployment rates are rising and this would mean that production will fall and have the adverse effect as well in the economy. Hope country’s can take care of this in this uncertain times.

[very_452001]

All these btc mining pools in china or any of them in hong kong?:

- Poolin

- F2Pool

- BTC.com

- Antpool

- ViaBTC


This is what I think will happen within the next year or two, give or take global economy wise:

- Chinese Cashless Crypto Curreny Yuan, will be claimed by chinese govt. to be backed by gold because china has been buying and hoarding a lot of gold recently and the world will be more interested in this Yuan as a world reserve currency replacing the losing $dollar as world reserve currency but truth is not really backed by gold.

- UK Brexit will happen end of this year, the Euro currency is currently the 2nd most popular world currency after current world reserve currency $dollar but when brexit happens the EU will struggle and the Euro currency will collapse starting in Germany sending shockwaves across europe. This will definitely promote the Chinese Yuan as new winner World reserve currency after failing Euro and $Dollar.

-  Currently Hong Kong Riots are happening because china wants to claim Hong Kong back as main mainland of china but the British saying China cant claim it until 2047. China wont wait till 2047 and want hong kong back now. China will be global no.1 super power once Yuan becomes world reserve currency and so will by force take hong kong before 2047. Once that happens Hong Kong dollars will be replaced by chinese Yuan. This will more likely get Britain and USA agitated that can lead to World War 3.

- Have you guys noticed Terrorism that flooded the news daily has suddenly vanished from tv news. Its like the terrorists are on this virus lockdown too that doesnt make sense. This indicates that the virus have made terrorism redundant and the virus will be the new long term fear tool on the tv news replacing terrorism. This indicates this Virus will be long term lasting years or even decades like terrorism did. So things wont get back to normal soon.


The question is how Bitcoin market will cope under long term virus lockdowns and long term social distancing or even worse under world war 3


Remember Pre-Pandemic Feb 2020 Normal and the New so called current Normal are 2 totally different things. Can global markets reach new ATH's without bailouts and under this 'New Normal'?



[moderator's note: consecutive posts merged]

[PavelMed]

- Have you guys noticed Terrorism that flooded the news daily has suddenly vanished from tv news. Its like the terrorists are on this virus lockdown too that doesnt make sense. This indicates that the virus have made terrorism redundant and the virus will be the new long term fear tool on the tv news replacing terrorism. This indicates this Virus will be long term lasting years or even decades like terrorism did. So things wont get back to normal soon.

I agree. Place for some horror stories come others. The only question is how long will people believe in these stories about the virus?
In my country, almost no one believes in him. But the authorities persistently impose masks and restrictions on the work of many types of business

[bitbunnny]

- Have you guys noticed Terrorism that flooded the news daily has suddenly vanished from tv news. Its like the terrorists are on this virus lockdown too that doesnt make sense. This indicates that the virus have made terrorism redundant and the virus will be the new long term fear tool on the tv news replacing terrorism. This indicates this Virus will be long term lasting years or even decades like terrorism did. So things wont get back to normal soon.

I agree. Place for some horror stories come others. The only question is how long will people believe in these stories about the virus?
In my country, almost no one believes in him. But the authorities persistently impose masks and restrictions on the work of many types of business

I don't think that virus is fake news. It was there and many people went sick because of it but I can agree that the whole situation was a bit exaggerated.
When it comes to terrorism and other negative stuff that hasn't disappeared, of course, but COVID-19 was the top news and everybody in the world was occupied with that.
It's well known that media like sensations and to spread the drama.
Now when the pandemic is over or has weakened many other issues in our societies come to surface and this is usual situation.

[tbterryboy]

I don't think that virus is fake news. It was there and many people went sick because of it but I can agree that the whole situation was a bit exaggerated.
When it comes to terrorism and other negative stuff that hasn't disappeared, of course, but COVID-19 was the top news and everybody in the world was occupied with that.
It's well known that media like sensations and to spread the drama.
Now when the pandemic is over or has weakened many other issues in our societies come to surface and this is usual situation.

Yes, no one knows when the virus will stop spreading. A lot of people thought that it would have been over by now, but despite the lockdown everywhere the virus still continue to spread. Now people can’t continue with the lockdown and the government has no other option than to ease the lockdown and let people go back to doing their business, with a little bit of restrictions.

I’m really happy about Bitcoin, the pandemic was not able to hold it down. After it decreased it didn’t take long before it started to increase in price again. The price has already gotten to $9,500+ today and might be heading to $10,000 very soon as per all of our speculation. I do not know some people still call this a bear market even the virus chaos are not settled down.

[very_452001]

Copy cat Riots gonna happen in main cities around the world soon in non-wealthy areas. Police brutality happens everyday in usa where blacks are killed by cops. The media is twisting this Floyd George murder by cops narrative into another narrative that covers up the overall truth that is people are losing their jobs, global economies collapsing due to virus and people realise its bs so they taking to the streets to riot.

Social media are twisting the narrative and using the 'I Cant breath' trend as a psychological tool as most people wear masks and cant breath properly so people gonna gather for riots and there will be copy cat riots across the globe to stand up to the top 1% elite that control the 99% of us so be ready guys. Social media and other tv media news want trump out of office so they are playing this psyche infowar as well as fooling the masses into believing riots is caused by a cop killing a black man when in fact global riots is caused by this virus handling by world governments. So everyone be ready, theres gonna be looting and violence in your non-wealthy neighbourhoods soon.

This will be bearish for btc or bullish?

[henmark]

All they are doing is to just guess when the virus will end, but nobody knows when it’s going to be. The lockdown that was initiated in every country didn’t even work and now people are still going around and there even those that are protesting in so many countries for the Black Lives Matter stuff, which means that there is the probability for it to keep spreading from there, which I don’t really wish for.

As for Bitcoin, these things can only affect it at the earlier time, but after some time it starts going back up. That’s what happened with this Covid-19 situation, it dropped for a short time.

[bits4books]

BTC does not fail because it needs much more serious reasons to fall lower than a couple of coughing old people and pneumonia.
Gold does not fall because it is almost a tradition and classic of long-term investment, and for the fall of gold, you also need more weighty reasons than some virus. Gold is traditional save haven.
Both examples about assets whose collapse would mean a total collapse in their market.