COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts !

[IamL]

I don't know what's going on in the market? This whole Bitcoin Pump feels unreal when we are at a Global Panademic? What is the reason for this Pump and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

What do you guys think, how will Bitcoin's price react to COVID19? Does the Price Surge justify the current world economy? What is your Bitcoin Price Prediction for the year end and which alts do you guys think will shine in 2020?

Thank You for Answering.

[mahilchii]

Actually BTC Halving is nearing us that's the reason you are experience this pump even in this tough situation, also there are lot of FUDs these days especially in social media stay away from them do not trust blindly on anyone.

The real test begins only after the Halving only then we have to see the market price, just be patient and wait for few more days if you want to invest you can go ahead but please ensure that you invest on a right coin I mean if you want to go with altcoins.

[IamL]

Actually BTC Halving is nearing us that's the reason you are experience this pump even in this tough situation, also there are lot of FUDs these days especially in social media stay away from them do not trust blindly on anyone.

The real test begins only after the Halving only then we have to see the market price, just be patient and wait for few more days if you want to invest you can go ahead but please ensure that you invest on a right coin I mean if you want to go with altcoins.

Thank You for your advice. I fear there will be a drop, I will just wait and not make any rash investment decisions. Are you looking out for any altcoins?

[Teraboy]

Actually BTC Halving is nearing us that's the reason you are experience this pump even in this tough situation, also there are lot of FUDs these days especially in social media stay away from them do not trust blindly on anyone.

The real test begins only after the Halving only then we have to see the market price, just be patient and wait for few more days if you want to invest you can go ahead but please ensure that you invest on a right coin I mean if you want to go with altcoins.

Thank You for your advice. I fear there will be a drop, I will just wait and not make any rash investment decisions. Are you looking out for any altcoins?

That's true there will be a drop caused by we have not yet even seen the correction after a huge pump caused by the bitcoin halving but this may come anytime.

I guess if he was also looking for it but it has no a lot of portion on his portfolios. Im also dividing my money to get some altcoins as my bet.

[bgaf]

Even there is a pandemic going all over the place. People are skeptical what would be the results of this bitcoin halving. There are few more days left and some of the investors are trying to bag some coins expecting for a huge pump.  I think not just them but everybody in the crypto space are awaiting for this event and believe this will be a way for the market to recover.

Huge retracement is not visible for now as the hype seems stronger than those who are worried about dumping. Altcoin just follow the foot step of bitcoin so whether bitcoin rise, some of these altcoins will also jump to high price cause every coin out there is connected with bitcoin, only stablecoins will remain as it is.

[bitcoin31]

I think you should be thankful of what you see in the market right now because it's pumping and it means you get huge money.

Im gald of what I saw and I hope it will not stop until it will reach again the all time high price.

Covid19 possible affect the price is either dumpung of what we experienced and pumping of what is happening right now.

[IamL]

4 more days and we will find out what happens 

[cassavachips]

From my point of view, the actual pandemic does not affect the overall cryptocurrency market, especially on bitcoin. Bitcoin experienced a great decline when the pandemic was announced, but it happened because a lot of people were panicking and a lot of fud was made by people so that bitcoin fell more so they could buy in the framework of bitcoin going halving.

Now it is proven that bitcoin is getting stronger and is not affected even though the pandemic is still ongoing and is getting worse. Hoping this pandemic will end soon because if it continues, all wealth means nothing.

[jrrsparkles]

Since many people lost their hope on stock market might be moving to crypto currencies which can be one of the reason for the price surge even when the whole world is facing economic issue but the real reason is the halving which is going to happen in the next few days is affecting the market price in the positive direction, there will be a correction after this price surge so don't invest your money now if you want profits in short term.

[jossiel]

Bitcoin can rise at any season.

Don't make the opinion of those YouTubers as your basis for buying. Because if it tends to be a wrong decision, you will blame them for that decision. The price surge can be an effect of many things.

1. Halving
2. News

[ballerin and giroud]

Seem you aren't often to see the movement price of bitcoin and altcoin during this pandemic. You only see the movement price when the pandemic came right? Just see now dude and you will be interesting. Bitcoin price is increasing right now and its price is close to $10.000, what that this mean? Aren't we in pandemic situation? Yes we are, but bitcoin is showing that this pandemic is nothing to do to bitcoin price movement even it can be made as a store of value.

[Oceat]

Seem you aren't often to see the movement price of bitcoin and altcoin during this pandemic. You only see the movement price when the pandemic came right? Just see now dude and you will be interesting. Bitcoin price is increasing right now and its price is close to $10.000, what that this mean? Aren't we in pandemic situation? Yes we are, but bitcoin is showing that this pandemic is nothing to do to bitcoin price movement even it can be made as a store of value.

Well, it shows already that there's a little effect of the pandemic that causes the market to submerge for a little but the market did back up again. So it just means that Bitcoin is surviving despite with what's the situation we are in and with the upcoming halving I'm sure people are expecting something from it but don't get too drive by the positive effect that you see today because this is not the real thing how the price move after Bitcoin halving. Just play it safe as long as you may and wait for the right time to get what you want.

[hahay]

The influence will indeed still be there but with the increase that occurs at least the effect is happening more in a positive direction despite the previous market collapse, but this is all like normal conditions ahead of halving bitcoin because we also cannot be certain with certainty whether the crypto market has a strong connection to problems that occur in the world about the Covid-19 pandemic or not. But whatever happens I think we really have to be careful, there is no harm in those who buy for long-term investment because after all this market will get the season back but still, it all does not guarantee this year we will get a bullish trend because it will still take longer like the crypto season that has happened before.

[TomUyamot]

So what if we are at a global pandemic as of the moment? Does that mean that Bitcoin will have to be falling also along with the stock market and others?

I am bullish for Bitcoin as of the moment because the halving seems to have created a nice hype around the community. There seems to be a very positive vibe on the upcoming halving which should have caused people to stock on Bitcoin. It is also a perfect timing that fiat is now being printed without limit.

Bitcoin might fly as high as $15,000 within 2020 if not breaking the ATH.

[shoreno]

 yeah its strange , your not alone with that questions    . i think these were only a trap  so im not investing all my money for now   . however those people that ecourage to buy btc  is normal and not really an ethical practice    . these people are only helping btc and also helping thier selves to earn because they also invest on btc   .  covid 19 has both negative and positive effects on price of btc and alts  but as usual those top coins are i think the ones that will shine the most   .

[Natalim]

Crypto does not mind the covid-19, while the stocks are down, this upcoming halving gives a lot of reason for the investors to put their money on bitcoin, and we are seeing the effect now, it seems like bitcoin is now ready for a bull run, hopefully this is not just a bull trap like we have been seeing in the past, this time we have some good reason to witness a bull run, and crypto is attractive to the eyes of some investors who failed in stocks.

[Teraboy]

Bitcoin is still remain stable and altcoin too. There's no need to feel worry about this pandemic anymore and crypto is winning the battle against covid. I think people must forget the impact that caused by the pandemic. We will face a new era that will come very soon. Crypto is really strong right now.

[Genemind]

I don't know what's going on in the market? This whole Bitcoin Pump feels unreal when we are at a Global Panademic? What is the reason for this Pump and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

What do you guys think, how will Bitcoin's price react to COVID19? Does the Price Surge justify the current world economy? What is your Bitcoin Price Prediction for the year end and which alts do you guys think will shine in 2020?

Thank You for Answering.

We can deny the fact that the pandemic crisis is affecting the global economy and is putting it in a bad situation and it has been affecting even the market as well. The good thing is, halving is fast approaching and it has a stronger impact which makes the prices better. Let's trust the process and expect that the market situation will get into a better situation soon.

[elisabetheva]

But it's not just the price of bitcoin, even the traditional markets are pumping. That to me is what's so unreal. People have no jobs, I know the economy is shit in my place I bet it's the same everywhere and yet stocks are going up? How's that possible? We're all going to experience a big, big backlash when things go bad finally.

This pandemic can be sure to at least also affect the price of Bitcoin and Altcoin, although the impact is not too large.
what is clear with this pandemic is that I agree with you that the economy is very difficult because a lot has to be lost with work. not yet the state must disburse existing bailouts to not only overcome the pandemic but also the impact of the pandemic. such as preparing the basic necessities of life for those who cannot work anymore with the Lock Down situation.
crypto continues to run well the direct influence is not very influential, it can be seen that bitcoin and altcoin are currently leading to improvement.

[bayudndy]

I don't know what's going on in the market? This whole Bitcoin Pump feels unreal when we are at a Global Panademic? What is the reason for this Pump and we have Youtubers who are asking people to buy at this price and we are going to the moon? Is this an ethical practice, I am seeing a lot of new people who are entering the market (In Twitter and Youtube). I think a lot of newbies will invest their stimulus check in Bitcoin.

What do you guys think, how will Bitcoin's price react to COVID19? Does the Price Surge justify the current world economy? What is your Bitcoin Price Prediction for the year end and which alts do you guys think will shine in 2020?

Thank You for Answering.

I think the current price of Bitcoin is going up because it is affected by the halving event. Prices have been going up since the previous collapse due to the Covid-19 epidemic situation. Without this epidemic, I think that Bitcoin has now surpassed $ 15k or even went through ATH