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

[Cnut237]

how long would it takes for the halving Bullrun happens?

Everyone anticipated that halving would be beneficial for the bitcoin price. Also, everyone knew that halving was happening, and when it was happening.
These two facts combined means that halving was already priced in well in advance of when it actually occurred.

Yes, we have seen bitcoin and alts all hit hard due to the initial economic shock of Covid-19... but this doesn't change the fact that halving was already priced in. We may see prices increases as economies come out of lockdown - but any increase in bitcoin price will be because of this, rather than halving.

[Danslip]

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.

The pandemic has destroyed the whole world economy and this also affected cryptocurrency. But in my mind people who join this world are increasing day by day. That is why during the quarantine it is forbidden to get out and also people are work less. For that reason they think here can be chance making money. But l think it is so hard for newbies, that is why without knowledge and experience it is hard to make profit from investing or trading.

[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.

The pandemic has destroyed the whole world economy and this also affected cryptocurrency. But in my mind people who join this world are increasing day by day. That is why during the quarantine it is forbidden to get out and also people are work less. For that reason they think here can be chance making money. But l think it is so hard for newbies, that is why without knowledge and experience it is hard to make profit from investing or trading.

When ICO became an important part in the development of crypto, everyone was involved and made huge profits with their investments. however, after ICO gained bad trust with many scam projects the trust in Crypto declined. During this pandemic many people returned to making projects like ICO and I saw investor confidence increase. I think other crypto users will also increase the volume of trading the better and this is good news. we will find new investors with better knowledge.

[Cnut237]

During this pandemic many people returned to making projects like ICO and I saw investor confidence increase.

I don't know. Most (all?) economies have been struggling and the last few months have not generally been a great time to get new projects off the ground. Whilst I do think that crypto prices will increase, I think this will be due to rising confidence in bitcoin as the endless money-printing highlights some of the deficiencies of fiat.

[leyton11]

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 would expect the price of bitcoin to not rise as high as people expected. The economy is now on the verge of crisis and if the US stock markets and major countries around the world collapse, so will bitcoin. then people will hoard fiat money to reinvest at a more appropriate time. The worst thing is that the price of bitcoin could not surpass $ 11k8 this year. that will make most miners lose a lot of money and maybe bitcoin will be sold again. In short, covid 19 will impact heavily on bitcoin and if the translation is not controlled early, things will be very bad in the future.

[Kopetunto]

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

[Harlot]

During this pandemic many people returned to making projects like ICO and I saw investor confidence increase.

I don't know. Most (all?) economies have been struggling and the last few months have not generally been a great time to get new projects off the ground. Whilst I do think that crypto prices will increase, I think this will be due to rising confidence in bitcoin as the endless money-printing highlights some of the deficiencies of fiat.

You see that's the thing even if majority of the world was on lockdown why are there still crypto projects being launch in this times of pandemic? Like how will there projects progress if the whole world is moving slow? How will they fulfill their roadmap if everything involve in it is affected? For me these crypto projects that pops out in these times are all just trying to milk their investors for money because they themselves are affected financially. If they don't have a solid roadmap or plan for their crypto then I think it's time to say that these new crypto projects aren't worth your money at all.

[reliable]

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

Crypto as such as not taken that hit which stock markets have gone through as it has fallen badly due to pandemic situation across the globe. Also , people would have moved their investment for the falling stock market to crypto and this would have given the push and also helped crypto to not fall much or to recover from the fallen price.

[Natalim]

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

Crypto as such as not taken that hit which stock markets have gone through as it has fallen badly due to pandemic situation across the globe. Also , people would have moved their investment for the falling stock market to crypto and this would have given the push and also helped crypto to not fall much or to recover from the fallen price.

True, crypto is quite stable despite of the pandemic that cause an economic collapse to some countries.
Bitcoin is still surviving, at the current price now which is $9K, this is quite a good price compared to the price it dump earlier this year.

I think bitcoin will not anymore dropped this year and my best guess is that it will stay at least $10k by the end of the year.
But of course, no effect positively for altcoins.

[michellee]

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

The stock prices will get a big impact from the Covid-19, but the crypto is not getting too big, although the price for all coins already drops. And now, the stock is trying to rise again, while the crypto still on the way to increase. And that will depend on how good bitcoin moves. If bitcoin can increase higher, the altcoin will follow to grow, and the stock still tries to increase too.

[seleme]

when Covid19 appeared, all stock prices and of course the crypto currency had a terrible dump that occurred in march, but for the crypto currency recovery was very fast, and became a good investment this year

That is right when Covid19 affects on the world economy, this world also has been destroyed. But no exaggeration to say that, BTC has survived from the corona. There is still an impact on the price of other cryptocurrencies. But l hope it will recover from this situation as soon as. Maybe we should be more patient.

[michellee]

The stock prices will get a big impact from the Covid-19, but the crypto is not getting too big, although the price for all coins already drops. And now, the stock is trying to rise again, while the crypto still on the way to increase. And that will depend on how good bitcoin moves. If bitcoin can increase higher, the altcoin will follow to grow, and the stock still tries to increase too.

improvement is still not seen in the crypto market at this time. even though the world economy is starting to run again even though it can't be as maximal as usual. crypto is not so affected I think. but market conditions have remained silent for a while. even the halving event was unable to move the market.

It needs more time for the halving effect to move the market, and I guess we are still on the process to go that way. Maybe we will not see the result this year, but the next year, so we need to be patient for a while. The world economy is trying to rise after it stops because of the pandemic, but I am sure that sooner or later, we will see the economy grow more than before.

[distr@yopmail.com]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

I don't think that's the reason why a market activity is increasing. bitcoin is increasing slowly, I guess it's only natural. even after halving which coincided with this pandemic, bitcoin could only stand still with little movement. I think the current conditions can still be said to be reasonable and there is nothing to be exaggerated.

[cryptothreads]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

Depends on how people think about this market because if they feel this is a new investment trend they will be more involved. In fact, Covid-19 is not the reason for this market price increase and completely depends on each person's investment needs.

In general, the value of Bitcoin has increased and remained stable at $9400 during the past 2 months, so this is a sign that the market will grow strongly when Covid-19 officially ends.

[Shasha80]

Actually there is no correlation between the increase in the price of Bitcoin with COVID19, so Bitcoin will pump or dump depending
on supply and demand. Although there is no COVID19, Bitcoin will continue to rise in price, because many people believe Bitcoin can
be a safe haven. Not even a little people who believe, can become rich by investing in Bitcoin. For altcoins I still doubt can shine
this year, due to now the price of altcoins is still stable. Following the price of Bitcoin which is also still stable at $ 9000- $ 9300.

[Psynthax]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

Internet things like bitcoin usually the least to be affected, you can see that the use of e-wallet which helps us dealing transaction offline with just an app has been increasing so rapidly and it only makes sense for bitcoin which has existed for so many years promoting online currency to be used widely to rise in price because people realize that there's this thing called bitcoin.

[Akiko]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

many is prefer to use online transaction right now even government agencies want to adopt  this technology this is the reasons why this pandemic can also help the bitcoin price increase instead of dropping.
They also want avoid using banknotes to avoid direct contact with anyone And the disease will never spread further with the online payment method.

[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.

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.

People are not talking about altcoins yet, that is why BTC is the main reason of increasing the price of altcoins. Maybe it can be the reason of not talking about much more about altcoins. That is right if BTC doesn't start growing up, there will not be any change in the price of altcoins. Maybe you are right about that BTC will grow up in the next year.

[dg2010]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

I don't think that's the reason why a market activity is increasing. bitcoin is increasing slowly, I guess it's only natural. even after halving which coincided with this pandemic, bitcoin could only stand still with little movement. I think the current conditions can still be said to be reasonable and there is nothing to be exaggerated.

Covid-19 affected this market in March and it was a very bad time so I am sure this pandemic will have a huge impact on the price of Bitcoin. Currently, things have changed a lot and Bitcoin prices have risen higher than in the previous months, so this is a sign that the crypto market will definitely be a promising market. I think if there is a vaccine, this will be news that will cause the entire economy to change and the price of Bitcoin will probably go up very high.

[Mahanton]

Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.

I don't think that's the reason why a market activity is increasing. bitcoin is increasing slowly, I guess it's only natural. even after halving which coincided with this pandemic, bitcoin could only stand still with little movement. I think the current conditions can still be said to be reasonable and there is nothing to be exaggerated.

Covid-19 affected this market in March and it was a very bad time so I am sure this pandemic will have a huge impact on the price of Bitcoin. Currently, things have changed a lot and Bitcoin prices have risen higher than in the previous months, so this is a sign that the crypto market will definitely be a promising market. I think if there is a vaccine, this will be news that will cause the entire economy to change and the price of Bitcoin will probably go up very high.

Correlating crypto market on current worldwide condition cant really be avoided but doesnt mean that it do dictates out on what do happen with Bitcoins price. We have seen that its almost no effect even if we are
on the pandemic situation which signifies that it isnt really that connected from time to time.If we do check out traditional markets then we do saw that they are heavily affected by this but not in Bitcoin or into some alts that we had seen.Same goes if the vaccine had been created which i dont really expect that much that there would be a rise up after that but to know that people are already get confident in terms of investment then
there would always a possibility for money to flow directly to crypto which would be a good news.