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

[Natalim]

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.

When we say people that means a lot of people, I think major holders of bitcoins are whales, we haven't achieved a good adoption rate yet, so the price can easily be manipulated in case the whales will do it. As you can see, bitcoin is quite stable but any time it could significantly move, either it will pump or dump, so we have to be always ready for that.

I am just happy to see that majority of investors are wrong because bitcoin did not follow the expectation since it rises even if there's an economic crisis.

[happypsyduck]

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

Covid19 is not under control but humanity is now changing its mindset that they rather live with it than to lockdown.

[Kasabus]

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.

This pandemic may have brought negative impact to almost all countries but this also opens to the people about the crypto world. People now are already into online jobs that can give them sources of income and crypto trading is one of them. While fiat is greatly affected with the ongoing pandemic, bitcoin on the other hand has made a significant surge maybe because of bitcoin halving and that new investors are entering the market now. Altcoins are still in a dump but potential altcoins are also making a good price increase at the moment.

[makishart]

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

Covid19 is not under control but humanity is now changing its mindset that they rather live with it than to lockdown.

That doesn't make sense to see covir is under control of the humanity. The covir virus gives a huge impact to the crypto. People that must work from home have tried to join in the crypto too. That makes there are so many new demands that comes for crypto. Those who are getting lockdown stick to the crypto.

[CuriousGeorge]

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

Even when covid was not under control and the price of crypto has already recovered and it has already started since last month. it looks like you didn't aware about that, right? I can say covid has not impact to the crypto because crypto can be done through the use the online payment system.

[kynaz]

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

Even when covid was not under control and the price of crypto has already recovered and it has already started since last month. it looks like you didn't aware about that, right? I can say covid has not impact to the crypto because crypto can be done through the use the online payment system.

The crypto market does not have a lot of influence on the economy, and generally only 1% of the population is aware of its existence. In the future, this market will be a place to attract many new investors, and you should consider investing if possible. However, I hope this year there will be a vaccine soon because if the vaccine is available, the whole economy will recover soon and everyone can easily make a profit.

[reliable]

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.

ETH will lead the way in altcoins and some other coins would also be the good pick at this point of time. Bitcoin will always be the king for the coming years and whenever there is a good correction happening in any of their coins, we should be ideally be buying them and make profits on the highs. This is good strategy that works as well.

[bukham88]

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

[Anonylz]

It seems many people are really confuse as to why btc price is up or down, everytime btc price is up people wants to find a reason why the price is up, when the price go down same thing happens, there should be a story behind every btc price rise in the eyes of many, if it is not ETF, it will be China or some other cooked up stories,

The latest one is the pandemic, now btc price rise also assume is as a result of the pandemic, I don't think that's the case here, because this period of crisis left many people confused and in panic, I doubt many people where thinking about buying of btc of trading, anyways, this is my own opinion, but whatever the case, btc price will increase whenever, it doesn't need any news or crisis for that.

[Partisson]

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

Has a vaccine for copid 19 been found? so you say "Covid -19 is almost under control", of course this cannot be controlled yet, it's just that to minimize its spread, to be able to find a vaccine alone requires quite a long time.
Likewise the price of crypto will need time to recover, and the crypto market is unpredictable.

[arjuna BTC]

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

Yeah but its only "almost" right ?
Thats mean this covid19 still exist, wich mean the market still unstable because the impact of covid19 my friend

[StephenJH]

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

[Cnut237]

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

There wasn't a pump.
Bitcoin is still seen as a highly speculative asset. Alts, more so. This meant that when the pandemic hit, people started to move their money to safer places. This caused crypto to be hit hard. However the crypto markets did then show some good resilience by bouncing back quite quickly. The pump is just that - partial recovery from a steep drop. Prices are still slightly below where they were when CV19 hit.

[carlisle1]

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

[Natalim]

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

Considering the situation we are at now, I guess we can't expect a further growth of bitcoin, maybe what we will be seeing is just only the survival and it's very evident that bitcoin is surviving as it has recover back from a big crashed that happen this year.

People are not talking on altcoins yet, their focus is on bitcoin as bitcoin's movement if no significant changes, nothing will happen with altcoins.

[Danslip]

During the COVID-19 pandemic, the crypto market was very unstable, perhaps because of the current economic crisis in various parts of the world, so that by 2020 it was a difficult time for cryptocurrency to shine.

During the Covid-19 pandemic, the crypto market is not the only thing that is unstable. Everything in the whole world including the economy of world is just unstable and as you know there is a huge impact on the world by the pandemic. l hope after solving this problem we will see cryptocurrency to shine, but exactly it is just far.

Covid-19 for some investors in this market is a very good investment opportunity because if you bought some coins in March, now you have doubled profits in a short time. Besides, if there is a vaccine, the crypto market will certainly grow and attract a lot of big investors. Of course, this cannot happen now because Covid-19 is affecting the lives of so many people.

What about those who did not come to Buy last march?meaning this is not good investment opportunity for them?i doubt it mate because looking at the market movement now the Value of Bitcoin and other altcoins are still competing to at least break $10,000 and stays in those Level for the whole 3rd quarter and if we managed to adopt this then we will be having a Best 4th quarter of our life this 2020.

There are many speculation that we can Hit and stay at 5 digits this year but since the effect of pandemic is still here,we are long time in a waiting for this to happen.

Considering the situation we are at now, I guess we can't expect a further growth of bitcoin, maybe what we will be seeing is just only the survival and it's very evident that bitcoin is surviving as it has recover back from a big crashed that happen this year.

People are not talking on altcoins yet, their focus is on bitcoin as bitcoin's movement if no significant changes, nothing will happen with altcoins.

You are right about that most people focus on BTC and wait for the movement of BTC. l think BTC investing is securer than altcoins investing, however as you said if BTC doesn't grow, that means altcoins will not increase either. Altcoins price depends on BTC movement. l hope BTC starts increasing as soon as possible. Maybe after that we can see that altcoins start also rising up, it seems we should still wait for this time. But till this time it can be better to collect some coins, which can be valuable in the future.

[asyakashi]

The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

[carlisle1]

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.

Lol before you post this Bitcoin price Dump deepest record ever,and that is what we need to understand.
Halving cannot cover the losses because this is a worldwide epidemic and the effect really pissing the market from crypto to stocks.

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.

now Halving already happens and the real test now started?

anyway still nothing comes real,how long would it takes for the halving Bullrun happens?

[distr@yopmail.com]

The pandemic is still very frightening and the world economy is on the verge of a major recession.
bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

I think now some countries have started to make policies to improve their economy. This pandemic is not over yet, but I don't think we can continue to go down like now. the economy will weaken if we don't open our economy again.
the smaller the inventory I think it will make more people hold bitcoin for the long term.

[kotajikikox]

The pandemic is still very frightening and the world economy is on the verge of a major recession.

Because this risk our life so who will be not scared in this pandemic?
we can die in bad way No family member beside you and will be cremated directly wihout not seeing your body by your love once.

bitcoin has a great opportunity to be sought after in the long run and more and more people believe in buying bitcoin.
halving is no longer a surprising opportunity but there will be new investors who are interested in crytpo.

halving is just there trust me,Yeah it cannot be felt these days because the virus is still spreading but sooner when this is over?
then you'll find what this is all good thing about.