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

[marks1976]

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.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

[Bezobraznike]

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.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

   Marks1976 you are right, Bassbity is confused. Nobody here expected huge
pump of crypto-market during Corona pandemic. What we had here during that
days is good enough to push crypto-market while entire global economy was frozen.
   I believe in positive sides of this pandemic for us involved in crypto-currencies.
And this is just the beginning, better days are ahead, bull market is coming.

[peter0425]

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.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

I think that is not so fast because ethereum needs to follow behind bitcoin. If bitcoin price can fast recovery, then I think ethereum will be the same but it might not as fast as bitcoin movement. We hope that this pandemic can bring some positive impact to the crypto, so we will see more people will join with the crypto world. If that happens, we will see new adopters from many countries.

Not if Ethereum 2.0 released already because this will make Ethereum skyrocket for sure,this progress from ethereum developer has been the talk of the town for years now but the problem is it seems to be delayed and the waiting is not coming so far.

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

twitter has been denied by people now because most of the tweets are just scams and shits about their advertisements.

But YouTube on the other hands is one good way.

[cryptonx]

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.

covid19 not only affected this crypto industry, but the global economy
so, maybe if this pandemic still exist the price of crypto will remain unstable mate

[WSDN]

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.

I think it's not. the movement of crypto was really fast, it's considering ethereum needs a short time to recover its price to be doubled again. Bitcoin is also getting very fast recovery caused by the pandemic brings more adopters from a lot of sectors. It looks like a lot of positive impacts has been getting by crypto.

I think that is not so fast because ethereum needs to follow behind bitcoin. If bitcoin price can fast recovery, then I think ethereum will be the same but it might not as fast as bitcoin movement. We hope that this pandemic can bring some positive impact to the crypto, so we will see more people will join with the crypto world. If that happens, we will see new adopters from many countries.

I think Covid-19 is an opportunity for people to think about their investment options, and if they bought it at a cheap price a few months ago, they should consider holding more because the market is still very potent. I am sure the investment demand after Covid-19 will increase very high, and people will easily earn a profit. Of course, careful consideration is needed as the market's downtrend may occur at any time and is difficult to predict.

[Onuohakk]

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

[yohananaomi]

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

true, that even though there was a pandemic at first the disturbance was seen but it was not significant. bitcoin can still move well and if it does not fall down to fall once. bitcoin moves between $ 8K- $ 9K and is still safe. even bitcoin ever penetrated $ 10K but went back down. if bitcoin increases then it can be ascertained that all altcoins, especially the top rank in cmc will be raised as well.

[Barbut]

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

The entire crypto market fluctuates all the time, I don't think we had some special fluctuations during the pandemic. That's a normal thing, get used to it! If we look from a positive side this pandemic and lockdown of the global economy can turn many to cryptocurrencies, as a better means of exchange and if that happens it would be a good start for future mass adoption, and only that can affect bitcoin and altcoins to skyrocket!

[carlisle1]

I think that is not so fast because ethereum needs to follow behind bitcoin. If bitcoin price can fast recovery, then I think ethereum will be the same but it might not as fast as bitcoin movement. We hope that this pandemic can bring some positive impact to the crypto, so we will see more people will join with the crypto world. If that happens, we will see new adopters from many countries.

I think Covid-19 is an opportunity for people to think about their investment options, and if they bought it at a cheap price a few months ago, they should consider holding more because the market is still very potent. I am sure the investment demand after Covid-19 will increase very high, and people will easily earn a profit. Of course, careful consideration is needed as the market's downtrend may occur at any time and is difficult to predict.

They can use the opportunity after they prepare for their daily needs so they can know how much money they have to be used for investment. If they can invest from a long time ago before the Covid-19, then that would be good for them because they don't have to worry for the up and down of the price now. Maybe we will see the increase in the price in the next months so if they already have bitcoin, and they only need to wait for the time to come.

How i wish that in the next months another great movement will happen mate because we have been waiting for almost a year now since the last good pump last year 3rd quarter.

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

Nope,this Pandemic starts last year of december yet we had a good start this year,but when the spread happens thats when the price of bitcoin falls low.

altcoin is near the top after Bitcoin comes Bull again,maybe before this year end.

[BigTing1]

My point of view considering the recent hype of bitcoin is that there is huge uncertainty in the world right now and people trying to save their money by investing in things that won't loose their value( gold , platinum , crypto's) because of the financial crisis that landed on every Country in the past 3 months.

 

[StephenJH]

My point of view considering the recent hype of bitcoin is that there is huge uncertainty in the world right now and people trying to save their money by investing in things that won't loose their value( gold , platinum , crypto's) because of the financial crisis that landed on every Country in the past 3 months.

 

Indeed people are just afraid of losing their money, no doubt they are looking for any way to save their own money. That is why we can just see a lot of new members, most of them see crypto-world away as saving their money. But it is no exaggeration to say that, it is really the best way to use this world. no highly but BTC has survived from corona, we are waiting just for price increasing, BTC is around 10k and it will be better till the end of the month, or maybe it can take a bit long time. No doubt if BTC starts pump, the altcoin will follow it.

[Hidden Heart]

We know that Corona Virus has very effected for all over the World. It has effected both, online and offline business. All type business and work has stopped for this Virus. And also It's effected on Crypto Currency Market.   

[matchi2011]

My point of view considering the recent hype of bitcoin is that there is huge uncertainty in the world right now and people trying to save their money by investing in things that won't loose their value( gold , platinum , crypto's) because of the financial crisis that landed on every Country in the past 3 months.

 

Indeed people are just afraid of losing their money, no doubt they are looking for any way to save their own money. That is why we can just see a lot of new members, most of them see crypto-world away as saving their money. But it is no exaggeration to say that, it is really the best way to use this world. no highly but BTC has survived from corona, we are waiting just for price increasing, BTC is around 10k and it will be better till the end of the month, or maybe it can take a bit long time. No doubt if BTC starts pump, the altcoin will follow it.

The effectiveness of crypto assets paid when Corona hits the entire world, online market who accepts crypto indeed perform well and from that point of views there are people who consider this industry asa good venue for investment, diverting their assets to this market and use spare or save money in return of good value afterwards.
Once Bitcoin experience huge pump Alts that have good value will go along and start to follow what Bitcoin will be heading.

[10BTCaDay]

The price of bitcoin has been fluctuating ever since the pandemic started. I so much believe that, the pandemic is just a level ground for the price of bitcoin to skyrocket. Hopefully, if bitcoin skyrocket, altcoin will join the train also. Let's be hopeful for a better day ahead

I think that old altcoins will never return to their previous ATH. they have already become too unnecessary and there are already a lot of new more interesting projects on the market that will take the place of old projects during the bullish growth of bitcoin

[sky_Gritzz]

one month ago, i'm reading about the news when lockdown time about people in some country are visiting and start investing in cryptocoin because Covid19 facing the problem of the economic crisis they're trying invest in crypto than hold FIAT

[nomenclatur]

COVID-19 led to all sectors of the economy deteriorated they normally rely on their work at this time they can not work as usual, and they must think to earn money online in a way they must have been looking for information about bitcoin on the internet and they want to invest in bitcoin it makes bitcoin slowly rise. I think for altcoin ethereum always better for the long-term investment.

[WalkerIVIV]

one month ago, i'm reading about the news when lockdown time about people in some country are visiting and start investing in cryptocoin because Covid19 facing the problem of the economic crisis they're trying invest in crypto than hold FIAT

That's true. my friends have already started to trade crypto to get another source to keep their daily life.

afaik there was a lot of newcomers have been asked about various basic question related to the crypto especially for the trade. i guess the demand is increasing caused by the pandemic.

[traderethereum]

one month ago, i'm reading about the news when lockdown time about people in some country are visiting and start investing in cryptocoin because Covid19 facing the problem of the economic crisis they're trying invest in crypto than hold FIAT

That's true. my friends have already started to trade crypto to get another source to keep their daily life.

afaik there was a lot of newcomers have been asked about various basic question related to the crypto especially for the trade. i guess the demand is increasing caused by the pandemic.

Good to hear that.
At least, they have a new option to make money from crypto trading. But you should remain them to learn more about trading so they can improve the skills that will help them to analyze the market.
I think after the pandemic is ended, we will see many people will try to search for the jobs or work from home because they can not search for a new job in real life.
At that time, maybe many people will try to do crypto trading because the chance to make money will be bigger.
If that really happens, the cryptocurrency will grow fast.

[Gozie51]

one month ago, i'm reading about the news when lockdown time about people in some country are visiting and start investing in cryptocoin because Covid19 facing the problem of the economic crisis they're trying invest in crypto than hold FIAT

That's true. my friends have already started to trade crypto to get another source to keep their daily life.

afaik there was a lot of newcomers have been asked about various basic question related to the crypto especially for the trade. i guess the demand is increasing caused by the pandemic.

Also IMO the reason bitcoin is still up there is because people are feeling that digital currency has come to stay. People are investing in bitcoin lately more than it was the case earlier. The fear of losing money by investors is beginning to go away and so, little monies are reserved for btc investment. Halving also is contributing to this as it has gradually limited the availability of bitcoin technically.

[Sophia Portera]

Now Covid -19 is almost under control the prices of cryptocurrencies are also slowly recovering.