Stimulus plus halving could cause the real crypto bull

[palle11]

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.

[alicecrowl966]

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

[Charles-Tim]

About bitcoin halving, just know it will have only little effect on bitcoin price. There will only be 2,625,000 BTCtc left. The direct effect of bitcoin halving will be little. I personally made a thread here about bitcoin halving and its 2020 price valuation. Talking about the possible reasons bitcoin will increase this year. The main reason why bitcoin can increase in price will mainly be whales manipulation and retail investors anticipation. Check the article below, you will see it interesting.

https://bitcointalk.org/index.php?topic=5232054.msg54008321#msg54008321

[Wexnident]

That is if the virus could make an exit and not add any more damages than it already has by the time the halving comes. This virus concerns human lives, so I doubt those people obtaining stimulus checks would use it as an investment. However, if let's say, a few months after the halving and a vaccine is found, the market would probably make a boom about it and as you said, act as a catalyst. But then again, the government ain't stupid.

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.

Just like you said, those with no urgent needs would invest, BUT would those with no urgent needs even receive the stimulus check? Everything is planned out to help only those who are truly in need after all, so I doubt such a loophole couldn't actually be seen by the government.

[mk4]

The halving is one thing, but people using the stimulus money to buy bitcoin?


source: https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html

"58 percent of respondents had less than $1,000 saved." This data was just from May last year.

And lets not forget that this is while people actually have jobs. Sure, we can assume that people will jobs might have extra money to invest in risky investments. Now, how many people actually have jobs right now? While we don't have the data for that, what we have is the data of how much people actually became unemployed just this month.


source: https://www.marketwatch.com/story/a-record-328-million-americans-applied-for-unemployment-benefits-last-week-due-to-coronavirus-2020-03-26

Huge-ass red light saber right there.

In the end, we're now left with a small percentage of people. Sure, there will be more fortunate people that could and will be buying bitcoin, but will the number be significant to actually increase bitcoin's price? I personally don't think so. It's simply not a really realistic expectation. The last thing most people will want is to risk what is left of their savings.

[riskyron]

I've been thinking the same way too. Besides, we are observing a large influx of newcomers in crypto. It means that less people trust governments with their printed money but turn to Bitcoin as safe haven.

All these factors taken together can trigger a significant surge of the Bitcoin price.

[btc_angela]

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.

Right, stimulus packages, QE, and other similar plan to help people during this looming recession.

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.

It could be, but we really don't know that mindset. Many others will just keep the money, or reinvest on stocks or other commodities. Remember that crypto hasn't reach mass adoption it, so there's a possibility that we really don't see this as kind of catalyst, just saying.

[Lucius]

I do not know that any government other than the USA will provide financial assistance to ordinary citizens, at least as far as the EU is concerned - everything here is focused on the economy - small and medium-sized enterprises, and the preservation of jobs. Unfortunately, this is not working right now, and many people are out of work, which also entails reduced consumption of the vast majority of products (except for food and necessities of life).

I think halving is the only bright spot at the moment, something that discourages people from selling at the current price. But halving never immediately increased the price, so I believe it won't be this time either, but the first effects can only be seen in Q4. However, it all depends on when the crisis caused by the virus will end, and whether it will reactivate with the following winter, much like the usual flu.

[Jating]

To simplify:

 - BTC enthusiast or BTC maximalist to take the money to buy more bitcoin

 - new interested people coming in because they heard that bitcoin is a good leverage will buy pushing the
   price to the next level.

In theory this might work, but then how many are smart and see bitcoin's many benefit? Will they really go to an assets as volatile as bitcoin? Or would rather stay safe and put those money in other markets? There's still a lot of factors to consider before someone really put their fiat on bitcoin at this point.

[In the silence]

Little investor might wouldnt invest for now because of the corna virus, halving is near and we dont have much time to stock fiat to buy BTC as we are currently on lockdowns.

If the spreading of the virus comes to an end before or after the halving that may be the sign of bullish trend.

[boyptc]

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.

The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

[TheAndy500]

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.

The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.

[davis196]

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.

Yeah,right.The first thing that people,who get some money out of the stimulus package are going to buy is crypto.
Don't you think that they have debts to repay and food to purchase?The people,who "don't need the stimulus for food,health and other urgent needs" shouldn't receive any financial help from the government at all,because obviously, they don't need help.The government isn't Santa and shouldn't become Santa,just because there's a global crisis.Only the poor people and the most damaged businesses should receive financial support.

[boyptc]

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.

The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.

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.

[Jammermob]

The price should soon increase by 25 percent, and maybe more, I am sure of it

[TheAndy500]

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.

The chance that a portion of stimulus coming to bitcoin is pretty low. Excluding the halving, think of this.

Many people will see how the dollars are very much easy to be printed by their government. It's an unlimited supply currency which will be defeated by inflation whilst bitcoin, it has a limited supply and there will be no more of it to be printed. 18.29 bitcoin has been mined and near to its limit.

Precisely because the United States government has turned the dollar into a worthless paper that can print as much they want, this is Bitcoin's chance. It is not known what will happen when pumping worthless dollars on Wall Street will not help and the prices will continue to fall. It is possible that a terrible crash will start, and investors will start fleeing with their capital into works of art, gold and maybe also Bitcoin. Then it could turn into a bull run of Bitcoin price.

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.

[Alns]

Are you sure that people ready to invest right now? FUD everythere

[HardFacts]

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

[TheAndy500]

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

From the beginning of the year (when the price increased in January also) I predicted big drops - to the level of $5k - before halving I thought it will be in March or April, but it happened earlier). And the price increases at the end of the year, because this is how the Bitcoin price always behaved after halving - the increases were always few months after.
Now I think this same, and even more - I think that such a big crisis on classic stock exchanges will make the Bitcoin price increase even stronger. The same way printing money all over the world, because I'm sure all other countries in the world will follow the US.
Of course, a lot can happen and this is only my speculation, but I agree that halving and the economic crisis will have a strong impact on the price of Bitcoin in the second half of this year.

[The Sceptical Chymist]

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.

That could happen, but I don't think it will.  I do have a feeling that the stock market is going to start booming again once everybody gets their stimulus checks, and it'll probably also lead to inflation of other assets to some extent.

All this money printing isn't going to be good down the road, though I'm sure we won't hear a lot of complaints from people about getting free money from the government.  It just seems like a crazy situation to me, and I don't know how our government is going to afford to give out cash to all its citizens.

Not too many people are talking about the halving lately--no shock there, given how drastic life has changed for everyone recently.  But I do still think there's going to be a positive effect come May.  It might not be as huge as a lot of folks thought earlier this year, but we'll see.