Bitcoin fall

[Msigwaeliza]

What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.

[AGD]

It is up 2800$ from its 3800$ low despite the corona virus. Looks fine to me.

[fabiorem]

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

The halving might change this outcome, though, but we will not see the effect immediately.
One thing that might help is the exchanges reaching a consensus about putting circuit breakers on their books. These controls exists in the stock markets, and although they wont avoid the crash, it makes the impact less painful.

In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers. This level of vulnerability to derivatives dont happens with other assets. Exchanges should change their algos to provide some measure of security to its traders.

As for the retarded hodler cult, I would not listen to anything they say. In fact, I've put most of their members into the ignore list. They do make holders looks like retards. In fact, holding for a 500-year long bear market is a retarded thing, so do your research and sell a small part of your stash, if you feel this crisis might last more than you planned to hold bitcoin (usually five years for most people). Just dont go all-in in both directions, as banks are also vulnerable to this crisis and we dont know what governments are up to. Right now entire regions around the world have become prisons because a dozen people died from pneumonia.

[mahilchii]

We don't have control over pump and dump, however bitcoin is once again proving it's worth as an asset when compared with stock markets and other stuffs. Despite being huge dips crypto currency is still a safe haven for me, BTC halving hopefully will be a big turn around after this collapse the price will surely change.

[Ryker1]

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

Well, I also heard this virus coming and at the same place came from China. On my own, --no one can predict the market price and I believed that because as I have observed the BTC price was shown improvement of the price even though we are still solving this global crisis due to pandemic coronavirus. Indeed, there is a chance that we will back to bullish trend if there is a strong resistance.
This topic that created of OP was already discussed so many times here, perhaps you need to read first before creating a thread like this.
As I can say, just let the time will reveal the market situation and we will see to it.

[snipie]

bitcoin is once again proving it's worth as an asset when compared with stock markets and other stuffs. Despite being huge dips crypto currency is still a safe haven for me, BTC halving hopefully will be a big turn around after this collapse the price will surely change.

Now that's an answer that i can agree with. Safe heaven indeed especially in these crucial moments where everything is falling hard. Even those who bought recently at $5k can make an easy profit of $1500/BTC!
We will witness a change near the halving but it may not be positive in the short term, better to keep holding and wait imo

[exstasie]

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

Nobody cares about hantaviruses. Not the basis for a pandemic.

There has been no financial crisis. Fiat currencies are doing fine. Banking liquidity has not collapsed. The prices of stocks, real estate, commodities have crashed because of an unprecedented economic contraction. Big difference.

This crash looks exactly like 1987. If that model holds, the bottom is already in.

In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers.

Prove it:

The corona might of caused the stock markets to crash which might of caused the price of BTC to go from $8000 to $6000, what happened afterwards was due to massive long liquidations on Bitmex.

Why are people so sure about this? How do you know Bitmex wasn't following spot exchanges down?

For prices to fall on spot exchanges, people need to sell real BTC, on spot exchanges. Long liquidations on Bitmex do not accomplish that, and we know zero withdrawals left Bitmex during the crash because they only process withdrawals during mornings US time.

Nobody knows it was Bitmex-tied algorithms that dumped all that supply. That's just a big unproven assumption. All we know is inflows to spot exchanges increased ~170K BTC more than usual in the days preceding the crash. Massive supply leads to lower price.

A lot of over-leveraged traders got destroyed on Bitmex, I'll agree with that. I am however not convinced Bitmex controls the spot market.

[Oceat]

Honestly, I don't really know what would happen after this lockdown due to corona virus. I wonder if things would back to normal just like before or there might be a little change. With all of this happening most businesses would start to feel the weight of the effect of this lockdown and guess what? The economy will start to fall slowly so with that said Bitcoin is not an exemption with this pandemic crisis that we had experienced. I don't know if the strong support of $6,000 is still a manipulation or not since almost everything is too odd to add up.

[YuginKadoya]

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

The halving might change this outcome, though, but we will not see the effect immediately.
One thing that might help is the exchanges reaching a consensus about putting circuit breakers on their books. These controls exists in the stock markets, and although they wont avoid the crash, it makes the impact less painful.

In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers. This level of vulnerability to derivatives dont happens with other assets. Exchanges should change their algos to provide some measure of security to its traders.

As for the retarded hodler cult, I would not listen to anything they say. In fact, I've put most of their members into the ignore list. They do make holders looks like retards. In fact, holding for a 500-year long bear market is a retarded thing, so do your research and sell a small part of your stash, if you feel this crisis might last more than you planned to hold bitcoin (usually five years for most people). Just dont go all-in in both directions, as banks are also vulnerable to this crisis and we dont know what governments are up to. Right now entire regions around the world have become prisons because a dozen people died from pneumonia.

Whoa! Talk about all the hate in the world, and you are seemingly giving FUD on the market and about the given problems with the Pandemic, yes I really think the fall down have some effect on the said COVID issue but there is also a correction lurking on the corner, not all is because of the pandemic problem and right now I think that the price is doing great at the moment sitting from $6600 USD mark I think Bitcoin is still doing a good job,

And regarding another virus that may become Pandemic, I think we need to relax and take the research about it first and making a false assumption, here is an ARTICLE about it

Another thing about the Holders well you are right that sometimes we need to be in the smart side of things regarding the movement and sway of Bitcoin and that is a good thing to do in my opinion but I believe in both principle yes be a holder this will provide bitcoin with the floor it needs when some pandemic cases like this happen again and are in the side of a smart holder as well that means keeping a big chunk to hold and a small chunk to move when the sway happen.

[pooya87]

I believe it will fall to $700-800 at the end of the year.

if you are going to exaggerate then do it in a way that is at least a little believable

There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".

even more irrelevant than coronavirus.

Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

bitcoin has never followed anything and it is not about to start now.

As for the retarded hodler cult, I would not listen to anything they say.

hodler cult is just as stupid as your cult: the crash cult.

[Dart18]

That is why it ain't falling too much and I don't think we will be seeing $3k again.

The halving event is what might be preventing it.
People are still optimistic about what will happen and it could take the bitcoin price up again.
This amount might be the buy point.
I would not want to regret it later. Winter already came and this might go way upwards than what we are just expecting.

[kentrolla]

BTC took a massive hit as the crypto currency market struggling due to corona virus epidemic. Bitcoin failure to gain bullish momentum, BTCs dominance rate has reached a significant resistance level. The thing is it is trading under a bearish trend which makes a break down in the price, Even the stock market is not coping well as COVID-19 scare. It might take couple of days for crypto forum to see a solid spike.

[OverEasy]

What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.

I think this price drop is a little bit related, but there are some welds that make bitcoin fall, not only in terms of CV but in fact the price cycle of bitcoin always falls every year.
so we'll see about that

[mindrust]

What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.

It is possible. I believe the worse is yet to come.

If the cure gets delayed for a while longer, it will be devastating. Not only to bitcoin but to everything else. Including your daily life. In a situation like I described you can't really make an educated guess about bitcoin. It very well may go to zero.

If an effective cure makes appearance soon though, it will only save bitcoin from going to zero. A new ATH may still happen but it might take longer than we originally hoped for.

The damage is already very big. There will be lots of pain and this pain can't be cured by printing more money.

[Findingnemo]

Bitcoin is going strong $6645 at the moment.

Don't have doubt on bitcoin's future or you will be missing a lifetime opportunity to invest big and reap hugely.

Hantavirus is not new, its just old and it is not going to spread like corona 19.

The USA tested a vaccine successfully and waiting for approval.

[Wysi]

Bitcoin has already gained it's pace and moving towards the right direction which indicates that it will not go back to $3k anytime sooner as it's already on it's path to recovery and I hope it will cross $6k mark soon if the uptrend continues without any surprise dump but msot of the countries are currently under stage 3 of corona virus and outcome might have a strong effect on value of Bitcoin.

[Oasisman]

Bitcoin has already gained it's pace and moving towards the right direction which indicates that it will not go back to $3k anytime sooner as it's already on it's path to recovery and I hope it will cross $6k mark soon if the uptrend continues without any surprise dump but msot of the countries are currently under stage 3 of corona virus and outcome might have a strong effect on value of Bitcoin.

I won't get too comfortable that Bitcoin might not gonna experience another hard fall below as low as $3,000 until we get good improvements in containing corona virus. I have heard some countries developing the anti-bodies that could eliminate the virus from the host. Well, I guess China already have it since before the virus outbreak, and now China is on their way to play hero and save the whole planet. Let's just hope they'll be successful with it, and I might say Bitcoin will not going to go down below again this time.

[Twinkledoe]

Bitcoin has already gained it's pace and moving towards the right direction which indicates that it will not go back to $3k anytime sooner as it's already on it's path to recovery and I hope it will cross $6k mark soon if the uptrend continues without any surprise dump but msot of the countries are currently under stage 3 of corona virus and outcome might have a strong effect on value of Bitcoin.

The decline of btc price is just normal, but yes, this past week it is owed to the coronavirus pandemic because many people are panicking and selling their portfolio. But btc will move up and down, and we have seen that countless of times, yet, bitcoin is still here and surviving and trying to go back again. I guess, by now, we should not be surprised by this movement. Just be prepared on what to do with your portfolio.

[kemoglo]

Honestly, I don't really know what would happen after this lockdown due to corona virus. I wonder if things would back to normal just like before or there might be a little change. With all of this happening most businesses would start to feel the weight of the effect of this lockdown and guess what? The economy will start to fall slowly so with that said Bitcoin is not an exemption with this pandemic crisis that we had experienced. I don't know if the strong support of $6,000 is still a manipulation or not since almost everything is too odd to add up.

I think that the lockdown will have the biggest impact on the global economy - not the coronavirus alone. Shutting down the economy of world powers will have lagging effects and it might show on Bitcoin. But there's no way to tell exactly, I hope it doesn't fall, but my hopes might not be enough to keep it up.

[Jating]

Bitcoin has already gained it's pace and moving towards the right direction which indicates that it will not go back to $3k anytime sooner as it's already on it's path to recovery and I hope it will cross $6k mark soon if the uptrend continues without any surprise dump but msot of the countries are currently under stage 3 of corona virus and outcome might have a strong effect on value of Bitcoin.

The decline of btc price is just normal, but yes, this past week it is owed to the coronavirus pandemic because many people are panicking and selling their portfolio. But btc will move up and down, and we have seen that countless of times, yet, bitcoin is still here and surviving and trying to go back again. I guess, by now, we should not be surprised by this movement. Just be prepared on what to do with your portfolio.

What do you mean normal? I think the current crash is not normal, -50% or more in a day? it was really affected by the corona virus news. However, after that unexpected crash, bitcoin has gathered, move from its lowest, $3800 and now steadily around $6500. Yes, there is the potential that it could slid, but bitcoin is so resilient that I believed it can bounce back.