Bitcoin fall

[Hypnosis00]

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.

If the vaccine successfully fights the virus then we can expect bitcoin to surge higher and the pump will start to begin. If bitcoin goes down again don’t lose that chance to buy because bitcoin will always rise. People are creating the panic, the price are affected by that but of course the panic wont last and the market will recover again so watch out.

Unfortunately, until now we don't have that vaccine and many say that this will takes a year before it becomes available in the market. How was sad to hear that and I feel a conspiracy around. We all gonna die if we just relax and never do anything to stop the spread and it surely affects the economic system particularly in the areas where really in hit just like Italy. And think about panic selling, it truly will come, in fact, it started already and expect that the market will dump.

Good thing that we are able to keep not to fall badly to below $4k. And believing that it never meant to be worse than having a bearish season as we start last year.

[Elpeor00]

Well, as I'm writing BTC is going down, around 6150, has been going up several days in a row, is not surprising
But, I want to talk about the alleged impact of stock market crashes in BTC value, bitcoin's correlation with stock markets works as a marginal value correlation
It means, because BTC is among the first assets institutional investors -the REALLY BIG whales- sell in a dip, and is also among the first ones the private investor -the ''normal'' whales and the crypto aware everyman- grab once the inflation ghost appears, the first crash of a hypothetical series will be very bad to BTC -the hedge funds and banks will sell their big holds- the second crash will be just bad, the third somewhat badish and the next ones will be good as the big investors who see it as a lesser asset will be spent and others scared of our hypothetical series of crashes will take it as something capable of ''be money, but out of government and banks reach'', its original reason to be

[davis196]

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'm reading a Cointelegraph article now and most of the crypto trading experts are extremely bearish.They are predicting a $3000 price bottom for Bitcoin and a bloodbath in the altcoin market.The recent price recovery from 5K USD to 6,6K USD is a bull trap and the price will continue with the downfall.
The halving doesn't matter.If there wasn't a global recession,the halving might have pumped the BTC price a little bit(because of the hype),but now,I don't see such price pump coming.

[jhonjhon]

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'm reading a Cointelegraph article now and most of the crypto trading experts are extremely bearish.They are predicting a $3000 price bottom for Bitcoin and a bloodbath in the altcoin market.The recent price recovery from 5K USD to 6,6K USD is a bull trap and the price will continue with the downfall.
The halving doesn't matter.If there wasn't a global recession,the halving might have pumped the BTC price a little bit(because of the hype),but now,I don't see such price pump coming.

It is quite difficult to expect such a thing knowing that we are still the catastrophe and we know how the people behave in response to the global market change. The bullish market that we usually think and everyone thinks about will it something to put in question and have to fail again. Believing that we are still in moving ahead for recovery and also we can't expect that Bitcoin price will turn back fast just like hype or magic anyway.

[hugeblack]

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?.

Everything is possible due to the prevailing uncertainty in all economic sectors, but I am convinced that when everyone starts pessimistic and low levels of BTC, these limits are the beginning of a start to bumping levels.
So if you want to invest, this is the best opportunity to buy more and then either to make huge profits or wait for several years and we will return to those levels.

Do not forget that we have not experienced levels below $ 2,000 since we broke this barrier so it is considered solid ground.

[buwaytress]

Well, as I'm writing BTC is going down, around 6150, has been going up several days in a row, is not surprising
But, I want to talk about the alleged impact of stock market crashes in BTC value, bitcoin's correlation with stock markets works as a marginal value correlation
It means, because BTC is among the first assets institutional investors -the REALLY BIG whales- sell in a dip, and is also among the first ones the private investor -the ''normal'' whales and the crypto aware everyman- grab once the inflation ghost appears, the first crash of a hypothetical series will be very bad to BTC -the hedge funds and banks will sell their big holds- the second crash will be just bad, the third somewhat badish and the next ones will be good as the big investors who see it as a lesser asset will be spent and others scared of our hypothetical series of crashes will take it as something capable of ''be money, but out of government and banks reach'', its original reason to be

Don't know but even with this kind of sudden dip all we saw was a momentary touch below 6100. And the it's slowly been coming up since. Which tells me the selling off can't be hitting much more traction for a while. Again, all meaningless movement in my mind on the big picture but I'm still not buying the theory of institutional investors and their behaviour with bitcoin, especially since they're mostly in derivatives anyway.

[micro4lpha]

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.

Where do you get this stuff from? lol

[OverEasy]

I'm holding my coins and I will keep holding, but I really believe BTC will fall more

well, if you have predicted that BTC will fall more, then why are you still holding your coins? maybe the best decision for you to take it off. and then buy at the low price that you specify.
and if your prediction is correct, I'm sure you will get multiple benefits/profit

[Findingnemo]

We all gonna die if we just relax and never do anything to stop the spread

Big correction on this statement.We can only stop this spread if we do nothing.

This means if we practice self-isolation then there is no way for this corona to spread from one to another meanwhile the affected patients can be cured with the medicines we have that is wh everyone saying social distancing is important now.

[Golftech]

We all gonna die if we just relax and never do anything to stop the spread

Big correction on this statement.We can only stop this spread if we do nothing.

This means if we practice self-isolation then there is no way for this corona to spread from one to another meanwhile the affected patients can be cured with the medicines we have that is wh everyone saying social distancing is important now.

The point of moving away from each other as the potential that each and everyone can be a possible carrier of this virus not because you are healthy means that you are not going to be infected, better to stay inside your home and work with your knowledge in regards to how to anticipate the next market movements. While Corona still dominating its a good time to learn where to place your investment.

[Ridwan Fauzi]

Did you looked for first about your concern before you made a thread? This kind of thread is already much, you just need to scroll down and find one by one and read them.

I'm still confident that this decreasing price of bitcoin and altcoin are because corona virus factor. I see in my country almost 200 people have been infected and that the worst thing. The people will be panic and sell everything that they want to meet their daily life just in home. But I didn't see the price will goes below $3500, bitcoin price will touch maybe $4500 as its lower price.

[jossiel]

As halving approaches bitcoin seems to be on the right state. The fall made a lot of people worry about what will be the price for bitcoin before and after the halving. Don't add much pressure to yourselves and let bitcoin work on its own.

While us, we can support and monitor it from time to time and determine your position. Decide whether you'll hold or sell if you're very much worried so that there's no more pressure that you have to think of. But for us, we'll hold.

[okala]

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?.

Many of us did not expect bitcoin to fall because of covid19 but that is what has happened and that did not mean bitcoin is weak but people sell off because of fear and panic. I believe that we cannot only regret when the market started recovering again and we make money from holding. I am also seeing many countries trying to study it this days than before.

[plvbob0070]

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?.

If you're going to look on the market right now the current price of bitcoin is range about 6,100$ to 6,200$ and I notice that it becomes more stable on that price unlike in the last couple of days, which it goes down below 5,000$. Not only bitcoin fall but also other cryptocurrencies as well. Bitcoin nearly falls on the price of 3,000$ but it somehow recovers and goes up again to 6,000$. We are already in the year 2020, and I guess the last fall of bitcoin on previous days will be the lowest price/bottom this year and it just my own opinion, but who knows it can still fall at 2,000$ or below. About the halving, it already discusses here a couple of times and I always see them after the halving it will bring more income to us because the price of bitcoin has a chance to go up just like what they say on the last halving.

I'm also hoping for the better outcome of halving like it will go up to the moon but right we should defeat this virus.

[coinfinger]

Honestly, it keeps on going higher and then going lower, just do not panic when it does whatever it does, it is something usual by now and you should be customized to it already. Not like this is the first time bitcoin is going through some sort of up and down, it does this all the god damn time, sure we would love a steadier higher ups and less downs but at least we got that ups to be thankful about during the falls.

We peaked at around 6.8k levels or so just yesterday in some exchanges, averaged around 6.6k or so, now it is 6.2k so basically it is doing whatever it wants every single day, tomorrow we can see it at 5.8k or 6.8k and they both equally would be no shock, that is how bitcoin works, a 1 thousand dollar difference and nobody feels shocked about it.

[bearexin]

We just have to agree that we got stuck on this 6k price and that is fine, that is actually quite good. Do you know why it is good that we are at around these prices? Because, everything else dropped while bitcoin actually recovered pretty nicely and that is what we are looking for in deals like this. Bitcoin dropped all the way to 3.5k as far as I can see and we could have still be around those levels, we could have still be around 4k-5k levels, but we are not, we are literally above 6k in a way that even when it drops it drops to 6k and not from 6k which is what we need right now.

If we could get a push from here and move to a little bit of a higher place we could actually be back at where we started before all of this started AND manage that while we are in a recession so it would show the world that bitcoin is recession resistant.

[STT]

Continued revision and weakness below 10k I think is quite likely.   It has received a large bounce but also now some selling that will likely continue over the course of this year.   Even before the virus I would have guessed the whole of 2020 would be less impressive then 2019.



Short term we have weakness, rough view would be we topped out in a range high and now will find a price lower.  Range bottom possible could be as low as 4500 but I'm not sure till we get more into Monday.
   Monday morning I think look about 5848 for an area to slow down or steady the sell, see if it can confirm form some base to regain some of the loss from above 6500.

[Taskford]

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?.

If you're going to look on the market right now the current price of bitcoin is range about 6,100$ to 6,200$ and I notice that it becomes more stable on that price unlike in the last couple of days, which it goes down below 5,000$. Not only bitcoin fall but also other cryptocurrencies as well. Bitcoin nearly falls on the price of 3,000$ but it somehow recovers and goes up again to 6,000$. We are already in the year 2020, and I guess the last fall of bitcoin on previous days will be the lowest price/bottom this year and it just my own opinion, but who knows it can still fall at 2,000$ or below. About the halving, it already discusses here a couple of times and I always see them after the halving it will bring more income to us because the price of bitcoin has a chance to go up just like what they say on the last halving.

I'm also hoping for the better outcome of halving like it will go up to the moon but right we should defeat this virus.

It's the market reaction since almost all of the altcoins rely on the bitcoins value that's why we see some price breakdown as of these moments but whenever the figures come up for sure we can get a great recovery since many people still think that halving is a good relevant reason to believe,  let's really hope that we can best this virus soon so we can enjoy back again on what we are doing before.

[eaLiTy]

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?.

There was an economic slow down before and now the Virus which forced majority of the countries to lock down everything which will have a major impact on the economy and we are slipping on to another recession which might be devastating that the last one we had and hence anything is possible, but the market will recover when everything is settled and plan for holding for a long time as the uncertainty continues for the next few months.

[criza]

This month of March have been a roller coaster ride for the price of Bitcoin, from a value of $9,000 it goes downhill to $3,500, just when the corona virus started. But, in these present days, we could see a significant rate increase in the price of the coin, and is constantly struggling in a price of $6,000. As the Month of march would be ending, I think, the price of Bitcoin will continue to increase in the next month, with little rise and fall until the halving. The halving event will affect the standing of Bitcoin greatly as its price would surely deplete causing a massive demand + impending demand due to the quarantine.