Average Weekly Investment

[Bitcoinislife09]

A tweet from @kerooke, That the average weekly investment in Q1 2019 was just $3.2 million comparing it to the First Quater of this year 2020 which is about 30million$.

What are your thoughts about this?




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[20kevin20]

I suspect it's the halving. Knowing all the stuff related to BTC as a trader takes time, most traders going for stocks, fiat & crypto rely solely on charts and news they catch on-air.

As always, around halving time there's lots of hype so the word was spread around easily and quickly. As both previous halvings ended up in a very large profit, that might be the most logical explanation.

[pixie85]

There has to be very little of those average 30 million investments because Bitcoin is barely moving up. In 2019 we went to 13 thousand and now can't even break 10 so what's wrong?

Did that 14 thousand happen without all those institutional investors? Were people ignoring greyscale and buying on exchanges in 2019 to move the price and now switched to more OTC trading? Was the volume fake back then?

There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.

[Bitcoinislife09]

I suspect it's the halving. Knowing all the stuff related to BTC as a trader takes time, most traders going for stocks, fiat & crypto rely solely on charts and news they catch on-air.

As always, around halving time there's lots of hype so the word was spread around easily and quickly. As both previous halvings ended up in a very large profit, that might be the most logical explanation.

We are sure that halving is one of the reasons why the increases, the price of bitcoin in the market is a great opportunity for investment because of the halving we could expect a profit from our investment.

There has to be very little of those average 30 million investments because Bitcoin is barely moving up. In 2019 we went to 13 thousand and now can't even break 10 so what's wrong?

Did that 14 thousand happen without all those institutional investors? Were people ignoring greyscale and buying on exchanges in 2019 to move the price and now switched to more OTC trading? Was the volume fake back then?

There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.

Maybe 30 million dollars is already a good start this year but the good thing here is we are having a movement in the graph that the investment is continuing to increase. A lot of people and celebrities are finding its way of investing in the market of bitcoin we could safely say that it is a good sign.

[kemoglo]

Well, the demand for Bitcoin rise because of the covid-19 pandemic which we'll know, also, the palliatives from the government contributed to massive adoption during and after the bitcoin halve 2020. We're expected to see a huge rise into bitcoin investment after this halve but still waiting to  see such at the moment. Basically, we're about to see a good and worthy investment with Bitcoin as the lockdown resign.

We have to wait for June to finish to be able to compare how purchase trends swayed right before and right after the halvening.

I know a few people that invested some savings into btc just before the halving

[gantez]

I believe that most investors are calm because of covid-19 issue. Most people are not active in different aspect of life and again economy progress dropped as the countries GDP also was affected. Maybe this 3rd quarter will be different in investment because people would want to make profit for the December period.

[Jamesdila1]

In my opinion it is normal to see a soar in average weekly investments in Q1 2020 that's because of two factors
The covid-19 pandemic and the bitcoin halving
The price of bitcoin is significantly low which presents a huge opportunity to invest

[Twinkledoe]

In my opinion it is normal to see a soar in average weekly investments in Q1 2020 that's because of two factors
The covid-19 pandemic and the bitcoin halving
The price of bitcoin is significantly low which presents a huge opportunity to invest

Maybe those 2 situations contributed largely to this increase in weekly investment. But also consider that the adoption is already growing, so we should not be surprised that the bitcoin investment is growing in number as well. Anyway, the graph shows positive development towards crypto. I hope more people have been educated in crypto during this time of pandemic as they have a lot of time to contemplate about it.

[ChiBitCTy]

I'm curious how the avg weekly quarter two investment for this year will end up looking like compares to last year.  This is an interesting piece of data, but the halving didn't happen until quarter two.  Will be interesting to see the weekly investments each week leading up to the having date in May.

[Sadlife]

Investors must have realize about the halving or some stock or fiat investors knows that the current monetary system is in dire situation. My i guess is, they're preparing for an incoming hyperinflation and the massive money printing that would lead into the great depression.

[GreatArkansas]

I suspect it's the halving. Knowing all the stuff related to BTC as a trader takes time, most traders going for stocks, fiat & crypto rely solely on charts and news they catch on-air.
(....)

Maybe yes, but not totally 100% of the reason of the block halving. We can also add up the pandemic, like the huge loss of stock market recently because of COVID-19. But Bitcoin also experienced huge loss before but Bitcoin bounced back easily.
We can assure if it is really the block halving is the reason of these, let's compare upcoming quarter of the year of the first quarter of 2021.

[jseverson]

One of Greyscale's top brass actually replied to that tweet lol:

https://twitter.com/barrysilbert/status/1264211319277961220

...meaning interest could be mounting even more despite the fact that the halving has come and gone. It must be said that this isn't necessarily good for Bitcoin though, considering their investors aren't necessarily interested in Bitcoin itself.

There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.

It's because this chart is for Greyscale's Bitcoin Trust; the investors don't actually own Bitcoin themselves. This does make Greyscale amass more coins, but whether that's good or bad depends on your perspective.

[mahilchii]

Well, the demand for Bitcoin rise because of the covid-19 pandemic which we'll know, also, the palliatives from the government contributed to massive adoption during and after the bitcoin halve 2020. We're expected to see a huge rise into bitcoin investment after this halve but still waiting to  see such at the moment. Basically, we're about to see a good and worthy investment with Bitcoin as the lockdown resign.

Many say the halving scare was due to COVID-19 and you say BTC demand increased only because of this, also I was expecting a drop after halving in BTC now it's slowly dropping.

People are very much concerned about the halving as it failed to pump, however we have to get use to the situation because crypto is very volatile. I don't think this year there will be a massive price pump till the end of the year..

[jossiel]

That means that people are engaging more with bitcoin. And with all the news that's being all over the internet about halving and speculations what shall be the next move of bitcoin probably made the cause.

Looking at the chart, the first quarter of 2019 was passive as there's not that much to expect because bitcoin just went through a bear which happened on 2018. As for this year, there's a lot to expect and that made the chart buff.

[rexxarofmoknathal]

I personally invest around $50 to $100 a week in promising altcoins. Barring any investments I happen to make in any IEOs I manage to get into. In this case, it could multiply to much more than that.

I believe that dollar cost averaging is one of the safest ways to invest in cryptocurrencies, but it's not easy to do if it's not a popular cryptocurrency like Bitcoin or Ethereum, since there are no automated tools for it. I tend to stick with Coinbase for my DCA but its options are limited.

[examplens]

Many say the halving scare was due to COVID-19 and you say BTC demand increased only because of this, also I was expecting a drop after halving in BTC now it's slowly dropping.

People are very much concerned about the halving as it failed to pump, however we have to get use to the situation because crypto is very volatile. I don't think this year there will be a massive price pump till the end of the year..

Or maybe just they are not too greedy. Just remember, at the begin of the global Covid-19 crisis in the middle of the March, BTC went below $5k, In May almost touched $10k. It is more than double.
Also, I think the price in March $4700-$5000 they have the greatest credit for such a large amount of investment in the first quarter of 2020. It won't happen in the next three months.

[mk4]

In my opinion it is normal to see a soar in average weekly investments in Q1 2020 that's because of two factors
The covid-19 pandemic and the bitcoin halving

The halving, sure. But people investing in bitcoin because of the pandemic? Nah man. Sure there are some, but in the whole picture, I don't think so. People have been losing jobs, and I don't think them putting money in a speculative asset is a realistic expectation.

[maxreish]

If it's cause by halving or this pandemic of that surge in investing bitcoin, one thing is for sure. Many investors were turning in and buying more bitcoin to hold. And yeah, I'm one of those who actually buy more bitcoin. I personally wanted to increase my holdings. The great views today about bitcoin as investment is strong compared to the last views from 2019.

[Haunebu]

I don't think this year there will be a massive price pump till the end of the year..

Massive price pumps were out of the question this year thanks to COVID-19 though I am still expecting BTC to reach $13K by the end of this year due to cashless payment systems surging in popularity currently.

I personally invest around $50 to $100 a week in promising altcoins. Barring any investments I happen to make in any IEOs I manage to get into. In this case, it could multiply to much more than that.

It's rare to see people still investing such amounts in new and upcoming altcoins these days. Is your portfolio profitable so far? Most like me prefer to stick to safer options like ETH etc after the entire 2017-2018 period.

But people investing in bitcoin because of the pandemic? Nah man. Sure there are some, but in the whole picture, I don't think so.

I disagree. BTC and other popular cryptocurrencies are useful cashless payment systems in these turbulent times which is why it makes sense why many people are investing in crypto currently. The halving event also helped to an extent.

[Reatim]

There has to be very little of those average 30 million investments because Bitcoin is barely moving up. In 2019 we went to 13 thousand and now can't even break 10 so what's wrong?

Did that 14 thousand happen without all those institutional investors? Were people ignoring greyscale and buying on exchanges in 2019 to move the price and now switched to more OTC trading? Was the volume fake back then?

There has to be some explanation because the charts are showing that we are struggling more than we were in June 2019.

We have already Beak 10,000$ mate for how many times this year but the problem is always falling down again cannot even stay for couple of weeks,or days and that brings the market much Volatile.


https://coinmarketcap.com/currencies/bitcoin/

The chart tells us how and why the changes are indeed and i believe that we have nothing to do with that as that is already dictates by the market flow.

But since halving can give more than what we are seeing now?let us just keep the investing as long as there are available funds to risk,because we already saw how much Bitcoin can be so future is always an opportunity in crypto currency.