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

[Japinat]

I am not sure what's the reason of the pump but I like to guess that this is due to the upcoming halving.
There's no major news in the market right now except for this upcoming halving that will happen in less than a week, so as expect the price of bitcoin was bullish.

For altcoins, I can't expect big pump right now, we need to see bitcoin to rise even more, maybe when bitcoin reaches $15K, that would be good enough to drive the whole market into a bullish market, eventually an altcoins season will come back.

[Esterklu]

Definitely COVID19 effect on all global market prices, including BTC&altcoin prices. But as we can see volume is pretty high now, so from other side all last events can bring more users, mass adoption and push the prices higher.

[bison]

Definitely COVID19 effect on all global market prices, including BTC&altcoin prices. But as we can see volume is pretty high now, so from other side all last events can bring more users, mass adoption and push the prices higher.

indeed there is a decline in the overall global market. almost all countries and economic sectors have decreased due to this virus. but seeing what happens to the crypto market seems to be stronger. it might also be because of the support of halving bitcoin but maybe there will be a better moment for this market to grow bigger.

[bassbity]

Certainly very influential in my opinion because I see the movement of the crypto market is quite slow at the time of this pandemic, although halving has occurred but there is no significant increase or high spike, therefore I will return to normal after crypto.

[cepot9]

Bitcoin reached $10k before halving and after halving bitcoin decreased to $8500 which made altcoin red again. I don't think halving this time has the big effect we hoped for and it has nothing to do with the pandemic.

[shafi alam]

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.

First of all, There are so much pressure in old investors mind. So they trying to keep it move forward. So many people gets confused about what to do or not to because of those youtubers. 
The real thing is now,  every national economy gets slow down. Not just bitcoin or this platform.  Stock market is not that good. People try to keep money in hand And they need more money. So they invest in many sectors to get some return in back. Problem is some people gets stuck in the Progress,  and  some didn’t did it.

So, im hoping it will be all right when this pandemic is over, bitcoin is stable i think right now.

[elisabetheva]

Bitcoin reached $10k before halving and after halving bitcoin decreased to $8500 which made altcoin red again. I don't think halving this time has the big effect we hoped for and it has nothing to do with the pandemic.

a direct relationship to bitcoin, of course, I agree with the opinion above, that there is no direct correlation that the pandemic affects bitcoin. still, bitcoin can move normally, can go up even almost through $ 10K and soon it goes back down below $ 8K, so altcoin is all affected by bitcoin going down. a pandemic that clearly affects the world economy because of the large use of state funds that must be allocated to pandemic prevention.

[SacriFries11]

Yeah its seems unreal since only the beginning of outbreak the Bitcoin drop slowly but immediately recover and manage to pump even more. I guess it because the halving event is affects more than the pandemic in crypto world. Everyone are being hype and monitor to the movement of bitcoin price. People seems not withdrawing their investment to bitcoin and more people want to invest right now. Bitcoin pump will not immediately happen but it will near soon which most people will not know.

[South Park]

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.

The truth is no one knows and it could go either way, let me explain, the price of bitcoin could go down because as you say we are going to face very difficult economic circumstances during the next months and years and as people get scared because of it they could decide to get their money out of a speculative asset like bitcoin.

However it is entirely possible as well that the price goes up as governments keep printing more and more currency in order to solve their problems and people finally realize that holding fiat currencies does not make sense, and they decide instead to support a form of money that cannot be printed at will and that has no direct relationship to any government around the world.

[StephenJH]

It seems BTC has survived from corona, and more than that it is really good news for us. But if we are talking about altcoins, we can not the same about altcoins like BTC. Altcoins prices are still down and it keeps getting down. No doubt we should wait for more for the price increasing. If BTC started growing up, altcoins follow it. However, BTC is just around 10k.

[Kang TB]

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.

in my opinion cryptocurrency especially bitcoin can be a safe haven
as we can see now bitcoin price growing slowly but surely, right ?

[Mahanton]

It seems BTC has survived from corona, and more than that it is really good news for us. But if we are talking about altcoins, we can not the same about altcoins like BTC. Altcoins prices are still down and it keeps getting down. No doubt we should wait for more for the price increasing. If BTC started growing up, altcoins follow it. However, BTC is just around 10k.

Corona sentiments doesnt really precisely correlate with bitcoins price or the entire crypto market even though other traditional markets had heavily affected but here on crypto we are somehow surviving the wave.In talks about bitcoin and alt coin price then im not saying that its always correlated because alt price can go opposite even bitcoin is rallying up but most of the time when market
turns out to be bullish it did really come to that point where alts are mostly dragged up.

in my opinion cryptocurrency especially bitcoin can be a safe haven
as we can see now bitcoin price growing slowly but surely, right ?

Theres no such word as safehaven even though we are making out profits or stood strong with BTC but doesnt mean that it will give out assurance on long term aspect.This is why we should always take measures in any case that might happen but for now its too early to worry that it would crash.

[MCobian]

Pandemic COVID-19 makes the price of crypto stronger in my opinion, because transactions with crypto can prevent us from contracting
COVID-19 virus. And many people choose crypto as a safe haven, so it's no wonder that the price of bitcoin and altcoins goes up. Then
according to my predictions for the price of bitcoin later this year it will reach $ 12k, while altcoins will shine in 2020 in my opinion is
ethereum. Because ethereum has very good potential altcoin, it has been proven that ethereum is ranked second in cryptocurrency ranking.

[shadowdio]

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

[cryptothreads]

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

For countries still affected by COVID-19, this is certainly the most difficult time because the current disease situation has not been controlled.

Compared to other continents, Europe and America are the two continents most affected. This year will be the year of economic crisis without a vaccine, and hundreds of millions of people will be unemployed. I am more fortunate because my country has very few people infected with COVID-19, and life has returned to normal since last month.

[Psynthax]

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

That was pushing them all to adopt a new life that everything must be done from the home. It looks like the impact of the pandemic was giving a really huge impact on the crypto right now. More companies have started to join in crypto.

[maydna]

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

If people have more money, and they lost their job in real life, they can try to invest in crypto or doing crypto trading. It can help the price to up and down because many people will buy and sell to make a profit. At this pandemic, we shouldn't be going to somewhere because the situations are not really safe for us so we can stay at home.

The bitcoin pump is real, but the price does not increase so high, and we need to wait for more to see the bitcoin price will go to the moon. People who can see the opportunity to make money from crypto will use this chance so they can have a new source income while they stay at home.

The bitcoin price will increase, slowly or fast, and we need to prepare for the bull run, which can happen anytime. But it is difficult to predict how much bitcoin price will be at the end of this year because we know that the bitcoin price can go to any price.

[jahepahit]

there are many ways that everyone uses to use social media, either Twitter or YouTube as a place to promote what they have, including investment. and we should be cautious about investing in indiscriminate media with unclear sources and authenticity. if not, it will be fatal later

[Partisson]

I am not sure what's the reason of the pump but I like to guess that this is due to the upcoming halving.
There's no major news in the market right now except for this upcoming halving that will happen in less than a week, so as expect the price of bitcoin was bullish.

For altcoins, I can't expect big pump right now, we need to see bitcoin to rise even more, maybe when bitcoin reaches $15K, that would be good enough to drive the whole market into a bullish market, eventually an altcoins season will come back.

In my opinion there is at least some influence, but in a pandemic situation I don't see a very large decline, maybe at first it was just a temporary panic but until now the pandemic still continues, but the altcoin market has almost all shown increasing value, maybe in this pandemic most of it their countries, including mine, impose lockouts so they cannot do their jobs so they try to trade in the crypto market.

[carlfebz2]

I guess people started to invest in cryptocurrency or trading cryptos just to have an income, you know we are in pandemic situation we can not work outside, we stayed at home just to be safe to not get infected of the virus.

This is a good thing when more and more people join the crypto and starts to use it the demand will keep rising and as a result even the price will rise accordingly. Also, people in some countries may use it in their daily needs as well to order anything during this lockdown. Also, for gamblers as they cannot visit casinos so many would be using crypto to make payment as well in online gambling sites. As well the world markets has fallen really a lot and in the same time bitcoin has given good return so people would have even shifted from stocks to crypto.

Here on my country where the quarantine thing had already been lifted up, i dont know if this is happening on other countries but if its still on lockdown then we can really find out things that we can make money here on crypto but in most cases just like here on my place where people do find out freelance jobs or even selling out good online for them to survive.

Yeah it can give out exposure to crypto but only to those people who do had internet connection in their house and the rest then theyll be sticking out on traditional businesses amidst on this pandemic situation.

I dont really see much effect though and the current price movement do justifies it.