Look at the setup that is developing right now for crypto

[Jeezy911]

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

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[Jeezy911]

Also the technical analysis is in the legendary potential realm. Sorry but I'm pretty excited I think we are going soon.

[jackg]

I'm guessing we're going to see a spike at some point...

Since the crash happened now, property prices generally take 18 months to collapse following the stock market crashes. Some funds following the stock markets in real estate have taken a 60% hit... I can imagine this continuing quite a bit, especially since governments haven't offered any stimulus to renters and a lot will stop paying and get evicted i reckon...

I'd still be expecting to see a nice exponential bitcoin spike in the next 18 months...

[coupable]

I can't admit that this about crypto in general. I want to specify with bitcoin.

Something huge would surely happen. However, the pandemic is maybe spreading faster than we may think. I can't tell what would really happen til time of halving. As the world is actually focusing on something bigger than bitcoin, maybe all the important stuffs can't have the real impact if the community is busy counting dead bodies .

[vycl87]

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

I do not think there will be a direct link between the Corona epidemic and the Bitcoin price. The more it can affect other markets, the more it will affect the crypto market. Not much.

But I agree that this process can be an opportunity to explain how beautiful Bitcoin is for p2p payments.

Halving is approaching as the biggest crypto market event next. We now know that halving is not only important for the BTC price. On the contrary, it is a wind that can throw the whole market in different directions. It is hard to make a sharp guess at the moment. But I think we can see a big break in both directions soon.

[mrrdewitt]

I wonder why people are surprised when something goes wrong (crisis, some economic problems etc.)? After all, most people depend on cities, this is artificial life. This is just an illusion of progress. After all, we do not receive happiness, peace and harmony from such a world system that we have at the moment. How to change this? To begin with, to understand that the only thing that should always be followed is conscience (sanity). In this case, all people will strive for prosperity and mutual assistance. No artificially created world economy can overlook what is given to us by nature.

[Jeezy911]

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

I do not think there will be a direct link between the Corona epidemic and the Bitcoin price. The more it can affect other markets, the more it will affect the crypto market. Not much.

But I agree that this process can be an opportunity to explain how beautiful Bitcoin is for p2p payments.

Halving is approaching as the biggest crypto market event next. We now know that halving is not only important for the BTC price. On the contrary, it is a wind that can throw the whole market in different directions. It is hard to make a sharp guess at the moment. But I think we can see a big break in both directions soon.

I think the link comes with the economic uncertainly related to Corvid, people are scared to invest.

[Bitcoin_Arena]

I do not think there will be a direct link between the Corona epidemic and the Bitcoin price. The more it can affect other markets, the more it will affect the crypto market. Not much.

There is a link otherwise we wouldn't have seen the ugly drop a few weeks back which will remain part of bitcoin's history for years to come. People who buy bitcoin are not any different from people who buy stocks or invest in other markets. Most will obviously join the markets to make profits and when catastrophe or crisis strikes... They will always try to cash out in preparation for the worst.

[Yamifoud]

I can't admit that this about crypto in general. I want to specify with bitcoin.

Something huge would surely happen. However, the pandemic is maybe spreading faster than we may think. I can't tell what would really happen til time of halving. As the world is actually focusing on something bigger than bitcoin, maybe all the important stuffs can't have the real impact if the community is busy counting dead bodies .

Yeah, people are focusing on Bitcoin at this time and less considerate into altcoins. It is maybe because people are much hopeful that Bitcoin will rally as halving comes near but it seems possible that altcoins will follow by then just like what it happens to ETH by now which showing an impressive pump.
We are much favorable if the entire market to pump and it all be possible if we all giving our support.

[mk4]

1. Positive markets is not synonymous to the coronavirus situation getting better. The markets can be irrational, and it has been from time to time.
2. Don't expect people who don't have savings to be buying risky assets.
3. Possibly, but no guarantees.

And finally, stop being too impatient.

[pakhitheboss]

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

I think it is still early to come under any conclusion. There will be a spike but not more that 2k at the current price point. This will only take the price of Bitcoin to 9 or 9.5k. it will be still trading below 10k.
In order for Bitcoin to jump above 10k, we need some good news against the virus. I do not think that news will come before halving. After halving we all know there will be a downward rally for bitcoin.

[Twinkledoe]

1. Positive markets is not synonymous to the coronavirus situation getting better. The markets can be irrational, and it has been from time to time.
2. Don't expect people who don't have savings to be buying risky assets.
3. Possibly, but no guarantees.

And finally, stop being too impatient.

If coronavirus situation will be totally contained, I think we will see improvement also in crypto market. But don't rely on that, as we can see that the market is going up even if the covid crisis is not yet over. Also, you are right, even if people are receiving stimulus checks, don't expect them to buy crypto. They have other important things to consider and buy. And in terms of upcoming halving, let's all hope that we will be in the positive direction and not encounter additional hiccups along the way.

[Meowth05]

1. Market has been like this for a long time, it is the people's mentality that are ever changing.
2. Stimulus are supposed to be used to buy basic necessities, there might be a lot of low cost stock to invest right now, but survival comes first.
3.I think halving will affect bitcoin because there will a cut to global supply.

[boyptc]

The situation that we are with today is still hot and floating in the air. I'd wait until the exact halving day or even after that and take time to sit back and relax for the next 6 months or more for the spike.

[pooya87]

1)Market optimism is about to explode assuming we are truly moving away from Corona

that's the thing though, not only nothing has changed about coronavirus but also the situation has gotten worse. back when price dropped about 2000 new infected people were found every day and the death rate has been very small but now there are 75000 new cases are found every day with death rate a lot higher than before. so you can't really say we are moving away from Corona!
what happens is that the manipulation and FUD is fading away so price is going back to where it should have been.

[bittraffic]

Also the technical analysis is in the legendary potential realm. Sorry but I'm pretty excited I think we are going soon.

I'm also excited but worrying whether its sustainable to spike at least 11% everyday, its sure to hit the overbought zone. We know how volatile the market is so there is something to watch out before the sudden drop. There isn't an exchange where we can arrange our BTC to move to stablecoin when its dropping. But I'm hoping all will be good due to halving.

[pjcaruci]

Do you still believe that crypto expects to be halving?

[boyptc]

Do you still believe that crypto expects to be halving?

It's not crypto but bitcoin will be having the halving event this May 13,2020.

--> https://www.bitcoinblockhalf.com/

36 days from now.

[Lucius]

1)Market optimism is about to explode assuming we are truly moving away from Corona

If you are already writing about something, then try to at least look at the real facts. Some countries may be nearing an upward trajectory in terms of numbers of infected people, but UK&USA have yet to relive their worst moments. I do not know where in all this you find optimism regarding the recovery of global markets. If you are able to read some basic information visit the following link : https://www.worldometers.info/coronavirus/

2) Stimulus Checks

Where, only in the USA? How positive is this for BTC or the rest of the world? Those who get $1000 are unlikely to spend it on BTC, but everyone is free to spend the money they want. However, it should be noted that many Americans will not receive these checks : https://www.nbcnews.com/politics/congress/falling-through-cracks-many-americans-won-t-get-coronavirus-checks-n1177266

3) Halving

The only positive and sure thing that will happen next month, but if we follow the previous patterns, that perfect storm will still wait a little bit, perhaps until next year.

[kryptqnick]

So 3 things:

1)Market optimism is about to explode assuming we are truly moving away from Corona
2) Stimulus Checks
3) Halving

Is this the perfect storm coming?

The way I see it, Bitcoin is finally getting less dependent on the news about the pandemic and is rightfully taking what belonged to it in terms of its value. So Bitcoin is recovering, but this process, as always, can take months, as Bitcoin has a tendency of getting stuck between $6k-$8k for a while. I am not sure when we'll see it stabilize around $9k, let alone go even higher than that. Halving is not a guarantee of immediate success, and the COVID-19 situation is still very unpredictable, so major bad news could bounce Bitcoin back to $5k for all we know.