Stimulus plus halving could cause the real crypto bull

[Soft Lies]

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I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started    Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF 

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts

  I am thinking about how hard your facts really are.

Pretty sure  they are rather soft like my lies.

[arbiter5]

I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Just like the price of BitCoin shot up a few weeks ago when the Economic Crisis started    Oh wait, the Price of BitCoin did not shoot up, it was CUT IN HALF 

Keep DREAMING and ignoring reality, you will deserve to lose your investment...

Hard Facts

Is it just me or you probably should change your name to Stupid Opinions?

Even gold dropped. What's your point?

[boyptc]

It's time for bitcoin to shine. If people from US will understand the importance of having a limited supply, they'll churn in to bitcoin. And if they have logical understanding about economics.

They will see the total difference of bitcoin and US dollars.

I don't think anyone will notice it now. Everyone is busy with the spreading coronavirus and to be as safe as possible.
Even if inflation begins to rise unbelievably fast, everyone will explain it with the virus crisis. I think people will realize what is happening to the economy in a few months and this will be the moment when the new bull run of Bitcoin prices will start.

Spreading the covid19? I don't think that it's like that to be specific.

They will soon turn to it once they start to see that the economy is not doing good and the money they have right now potentially will have a lesser value in the nearer future.

[joinfree]

True talk @OP, this stimulus from the government and the long-awaited Bitcoin halving can really send the crypto market into a short bull run. I am not optimistic about a major one because people need to rebuild themselves once this economic recession is over then we can see major and active trading across markets. This would also pave the way for new investors to also come on board. Hence i am very hopeful in the long term of hodling bitcoin at this moment when it has gotten too cheap to purchase.

[TheGreatPython]

I will only agree with halving, but as for stimulus? left for that, there wouldn't be any bull at all. I don't think will invest with such money in bitcoin when they already know that the situation is hard and they are looking for food and things to survive with, some will need money to clear out some bills that will be waiting for them and investing in bitcoin at this time is kind of risk, because you can't predict where the market is heading to; you can invest your money and the market will plummet to a very low price and that would be how you end up losing your money, and if it goes up, lucky you. Anyone that's investing in bitcoin right now will be someone that already has enough.

[fortunecrypto]

I dont think that people ready to invest in something risky during hard situaitons. They will spend this money on food, drugs, etc, not in investments

yes of course they are that's the normal reaction but when thing settle down after the initial panic, people especially investors would like to get back and check for opportunities, investors who wants to get back investing will find themselves in a good opportunity now, than those who wait and see what's going to happen next.

[akram143]

So many countries have been affected by covid-19 pandemic and the governments have been thinking of palliatives and stimulus while some have already started in other to cushion the economic hardship occasioned on the masses.

I'm thinking that these stimulus check is coming at the time bitcoin halving is expected too. Thus, these two factors might be a catalyst to bitcoin and cryptocurrency growth because those who don't really need the stimulus for food, health and other urgent needs might invest in crypto and we can see a fast rise IMO.

People who wanted to invest might already invested on cryptos and stocks when the price value crashed so people are not going to spend their stimulus check for investment purpose,either they will spend on useless things or for foods.

[hugeblack]

Both factors will not contribute to changing the equation in the medium and short term. Therefore, you will not see a change or an instantaneous change in them. In fact, the governments ’attempts to solve the problems will weaken BTC, as there will be many alternative solutions and curtains.

[bitgolden]

Halving is a pure bitcoin thing, there is nothing that will change that at all, bitcoin will go up in price or hurt miners, that is literally the only two options either the price will go up a lot or the miners will lose money (or some lower end miners will close shop and while other miners who have better machines profit, those small timers will lose money which still means miners will lose money).

Doesn't mean that it will go up, it could still cause a lot of miners to close their machines, but in order for them to profit it has to go up so I am sure all miners will work towards that. However stimulus is not a direct bitcoin thing, there are many things that "should" affect bitcoin that didn't, so it might not really do what we expect it to do. Can it help? Sure, will it? Maybe.

[adaseb]

Just heard on the news that some bank ended up closing due to Coronavirus. So far it was some small bank in some state. However this brings back memories of 2008 with all the larger banks being hit.

If the banks start to go down due to this and there is a lack of way to access capital or assets to their customers then bitcoin obviously could play a big role since its decentralized and essentially "can't" get closed down.

Wonder how many more of these bank closures we will get within the next few weeks, seems like its really starting to get worse.

[Upgrade00]

So far I only know of three country offering stimulus packages to their citizens (US, England and Canada) and among them, issues are still arising with it's distribution and majority of jobs which can not be done digitally have been lost. It's unlikely anyone would be throwing theie stimulus package into Bitcoin when it does get to then at a time of looming economic crisis. That's would be a very unwise decision.

Also, people are paying so much attention to the Bitcoin halving. It doesn't have to necessarily trigger a rise in the price like in previous times. It can only influence the demand for bitcoins and this would in turn trigger a rise in the price.

[michellee]

I would not think if that is a stimulus for bitcoin or not because we do not know for sure about that. But if that is a stimulus, then we can expect that bitcoin will be skyrocket, and many people out there will see that bitcoin exists is not just for the investment only, but bitcoin will give them a new way in the payment system. And that will help crypto to grow fast, maybe, and the adoption process will be fast too.

[Reid]

That might just be a small portion in the whole world.

Not all are being supported thru money.
Some are just food, medicines and other necessities.
I don't think they will be giving out fiat any time now.
Now, in my case too, 2 months bill of electricity and water will be paid once this is all over.
They didn't gave me any bill now and I am worried about penalties. Same goes with mortgage and other stuff.

I bet there are a lot more out there which will have a worse experience than me.
So I am not putting my trust on that. It could be the other way around. Not that I don't trust bitcoin but that is how I see it with the economy of the world.

[beerlover]

Normally, the stimulus should have the impact of giving companies a lot cheaper access to money, that money used for expanding the business or at least keep it afloat, pay the workers their salaries and keep the money making churning until all of this over and then go back to what it was.

However as we can see companies take advantage of this situation, still fire people, still not grow, still basically do nothing to make the country more profits, only take that money and make a bigger profit for themselves and pay the CEO huge sums of cash in bonuses to continue like what they do, only the shareholders and CEO makes money, nobody else makes any money at all. Hopefully, they will eventually start hiring back because there is still  so many unemployed people out there who will need jobs when this is all over.

[thecodebear]

Stimulus will help Bitcoin to a degree because:

1) Printing trillions upon trillions of dollars out of thin air all of a sudden debases fiat, thereby raising Bitcoin in relation.
2) While plenty of people will just use the spare money from government for their needs, there will be some overlap of people who are into crypto and still have their jobs so they are just getting free money and given the low price after the crash and the halving and everything plenty of them I'm sure will put that money straight into crypto.

So I would think the stimulus will have a moderately positive effect on Bitcoin in the medium term.

[desertfox470]

I was thinking of something sort of similar. I don't need the money so was thinking of just putting it away in some stocks and let it ride. I could see people that have knowledge of bitcoin thinking about the halvong and rather put the money in bitcoin. Overall I think there would be a little rise. I don't think a major one though.

[Botnake]

Overall I think there would be a little rise. I don't think a major one though.

People are thinking that way but if bitcoin will rise and pump, then I am sure they FOMO will come.

Some investors are just watching the market right now, they don't invest when the market is not bullish, they just ride with the hype and the FOMO.
It's actually good that majority are not expecting bitcoin to rise as the opposite will likely take place and hopefully what we are seeing now is the opposite I am talking.