Is Covid-19 a cause for BTC price drops?

[pealr12]

We all know that covid 19 virus is the cause of all these crisis, from world economy to cryptocurrency covid 19 has made a huge impact to not only on stock market price but even on bitcoins price.

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[hahay]

Maybe yes and maybe not, because even lately the price of bitcoin can be said to get a recovery and I think this recovery is related to the approach to the halving event later, so, I don't think we can also assume the decline that occurred earlier due to the impact of the pandemic. because at least there are other factors such as a correction that will certainly occur before the recovery, because if the decline that occurs is not accompanied by recovery as it is now, then the decline that may occur purely due to conditions that are getting worse because of the pandemic.

[Minerall]

I think Covid-19 had no effect on pricing in the cryptocurrency market, but on the whole, of course, it was reflected very strongly on the economy, and not for the better.

[ScamViruS]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

[KTChampions]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

If you checked the historical data, you should have seen that halving does not mean automatically the start of a bull run. This is one of many factors and its influence is noticeable only over time. I do not think that halving will be able to dramatically "overcome" the general negative conjuncture in the economy.

[Oasisman]

We all know that covid 19 virus is the cause of all these crisis, from world economy to cryptocurrency covid 19 has made a huge impact to not only on stock market price but even on bitcoins price.

Covid made huge impact to stock market yes, but to cryptocurrency? Nope. The pandemic does only a minimal impact to cryptocurrency. What causes the huge drop is the plustoken scam and dump last month.
If the pandemic has huge impact in cryptocurrency, we shouldn't have seen a gradual price recovery since the pandemic became worse day by day.
The price movement of Bitcoin is considered normal and It wasn't really badly affected by the pandemic. We experienced a correction and now the price is recovering. If you're in crypto space for more than 2 to 3 years you've already know it's kinda normal stuff in here.

[ScamViruS]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

If you checked the historical data, you should have seen that halving does not mean automatically the start of a bull run. This is one of many factors and its influence is noticeable only over time. I do not think that halving will be able to dramatically "overcome" the general negative conjuncture in the economy.

I agree with you. It is not right to think that all the halving will create a bitcoin bull market. Because a lot depends here. From what I said, we can expect Bitcoin to be in a better position after halving. Here I did not say sure bitcoin will be in a good position. Another thing that comes to my mind is that there is no guarantee that history will repeat itself every time. We can see the real result after halving, so it would be better to wait now.

[freedomgo]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.

In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.

[lienfaye]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

This pandemic indeed affect all of us and it seems the time stop because of the lockdown. Our busy days turn to staying at home to prevent ourselves getting infected and its really hard specially if you have no savings to spend during this trying times. But despite of that crypto market gave us light to have hope for our investment. Our economy is not doing good but crypto market managed to bounce back after the sudden dip. Its a sign that good things will going to happen in crypto and after the lockdown is lifted so stay positive.

[Leviathan.007]

I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government.
Though the number of cases are still increasing, but not as big as in first few weeks when this is declared as pandemic.

In our country, we are also affected but we learn to stay at home and we just adjust our lifestyle.
I know soon enough, the vaccine will be discover and we will end this once in a while.

Agreed with you. However The covid-19 is still spreading and killing people from all over the world. But regarding to Bitcoin, the panic is over and the price successfully recovered.

[suzanne5223]

We are going through a bad situation now. Panic is growing every day. The world economy is going bad, no one knows what to expect in the days ahead. All the markets have already crashed stock, oil, bitcoin. But Bitcoin has recovered well again in a quick time. Bitcoin halving is coming. And history says Bitcoin started the real run after halving. So still hope bitcoin will stay in its position well.

I think the panic is over, people have already accepted the fact that covid-19 is very dangerous and they are now cooperative with the government.

Firstly of all, covid-19 causes the quick drop in price of bitcoin but all boost the early exit of the weak hands.
With that been said, as covid-19 is concern panic is over but with the lockdown and increase in number of death world wide which is now said to be 3Million while 239,029 death was recoreded today people are panic to invest their fund and what some are doing most now is helping the needy people. This the reason why stock, oil etc are affected while bitcoin is exempted due to it features.