New Covid wave vs Bitcoin

[Swordsoffreedom]

When the coronavirus first time hits, in a sudden the price of BTC went down a lot.  because there was a sudden epidemic, none of us were ready, the cities were locked down and Many people become unemployed unexpectedly. so that, most of the people fall into financial crisis. they attempt to liquid their crypto and sold their bitcoins to solve their financial crisis, many hodler sold BTC together that's why the price of BTC suddenly has been fallen. but now the situation is totally different. the lockdown has been lifted. People are starting to get their jobs back and government in almost all countries are trying to keep their economics afloat by complying with health regulations.  so now we will not suffer too much harmed even if coronavirus hit us again. so, I don't think there is any possibility of the price of BTC going down too much again.

[chaser15]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

To expect another bearish trend always has chances but I will not directly lead it to the pandemic virus as a reason.

And unlike before that every country is not ready for the pandemic, expect that this time, they can now manage to handle it and their experience during the hard days will be their foundation.

I'm not totally worried about bitcoin. I'm more worried about the virus second wave and hopefully not that worst compare to first. We don't want to back again in that scenario.

[7788bitcoin]

The Corona virus is now part of our lives and also part of our economy. People have already adjusted to the changes that are needed to operate in a world with a virus threatening their employees and their families.

The main situation here is that, you cannot lock the economy for three months and if you still cannot do anything about the virus then you are forced to live with it as you cannot do anything about it and the politicians will be forced to comply and accept their mistakes for closing the entire industry for a extended period.

The quarantine restrictions and the global banning of whole industries have given the global economy a kick in the butt...  now the Health care industry had a opportunity to gear up for a new breakout of the virus, so there are no need for more restrictions that would close businesses for long periods.

                  Let's hope everything is prepared and that less people will die in the next coming months.   

We can only hope that less people will die in the coming months and since the entire economic is opening you are bound to see more patients and hopefully the next wave would not be that bad.

[Oilacris]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

Plunging hard? It didnt really that connect to covid situation and as mentioned by others above, this do only matter with peoples emotion towards the situation thats why the price
gone down but doesnt mean that its the main factor because we know that there are several factors that do affect market movements which we dont see it obviously.
Another wave? Probably because in the case in the country where i do live, they do lift out that quarantine and now the situation becomes even more worst.
I dont really seeing that much for covid pandemic to be the main issue that would affect much crypto space but if we do presume if we do experience economic
recession or problems then people will mostly cash out their investments including that they had invested on crypto market.

[Janation]

I don't think we should think about his next wave.

Some medical experts say that the next wave are not the same as the first one. It is weaker but still, they are advising the people to still take this seriously since it is still a risk for people to actually get the virus. Also, I don't think it would affect the price of Bitcoin or Bitcoin itself by this new wave. I don't think that even in the past dump, the pandemic is the main reason.

[MCobian]

In my opinion there is the next wave of corona virus, but it will not have an impact on the price of bitcoin. Because people are used to it
coexist with the corona virus, so the next wave will not make people panic. Now I see the news, almost all of it countries can adapt to
the corona virus. If we pay attention to the movements of bitcoin these past few weeks the price of bitcoin tends to continue to rise,
bitcoin prices are now at $ 9800. Hopefully it can reach the price of $ 10k in the near future.

[Latviand]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

This really seems like conjecture at this point.  I've not seen any sound scientific proof this is going to happen.  If it does happen, imo, believe we would see bitcoin fall some.  I think it would be part of a chain reaction as would surely see the stock markets crash and then as it seems to be the tide that brings all boats down, we see other things pull back such as bitcoin.

This second wave of corona virus will really increase the damage that it can give to us, that's why we need to become more prepared so that we can lessen the struggle within ourselves. I expect that the same thing will happen again because we are not still in the progressive state, we are still suffering.

We are not yet in the process of recovery as the infected and positive cases are still increasing, it is not that easy to handle our money because of the expenses that we need to pay and those necessary things that we need to survive this pandemic.

Expect new lows that are more intense than the first one, as we're not economically recovered yet, it can worsen the price of bitcoin in the market.

[Oceat]

Until there's no such thing as vaccine the number of covid cases will increase each day but for Bitcoin the chart for the next possible price is kind of altered due to the panic and people dying. I don't know what would be the closest possible price for Bitcoin in the future and I think the highest ATH that I've ever expected might not come to light. Everything will be expected to happen next year and scientists might be releasing the vaccine worldwide plus the bull market is going to happen too. I don't want to get my hopes high but I can't stop thinking that way and that is making me more excited.

[Sanugarid]

Concerning what CEO of Bitmex said just a few weeks ago that it is possible for Bitcoin price to fall into 3800 once again. I believe after second wave of crisis we can see another price dump in near feature. However, in the other hand since bitcoin passed the third halving just a few days ago I think we can see a downtrend soon. After this downtrend price should show us another HH record maybe above 20K usd.

That is impossible for me now, as I've already seen the resistance of a price around $4000 I don't see bitcoin price coming that low beyond $4K even we have a second wave of covid-19 coming in the future. Initially we'll see a market slump when that happens but for it to be in $3800, that's a no no in my opinion. And I think we are near to discover the vaccine for the pandemic, there's a lot of studies that is happening around the world done by the most known scientists and doctors. Who wishes for the 2nd wave huh

[yohananaomi]

Concerning what CEO of Bitmex said just a few weeks ago that it is possible for Bitcoin price to fall into 3800 once again. I believe after second wave of crisis we can see another price dump in near feature. However, in the other hand since bitcoin passed the third halving just a few days ago I think we can see a downtrend soon. After this downtrend price should show us another HH record maybe above 20K usd.

That is impossible for me now, as I've already seen the resistance of a price around $4000 I don't see bitcoin price coming that low beyond $4K even we have a second wave of covid-19 coming in the future. Initially we'll see a market slump when that happens but for it to be in $3800, that's a no no in my opinion. And I think we are near to discover the vaccine for the pandemic, there's a lot of studies that is happening around the world done by the most known scientists and doctors. Who wishes for the 2nd wave huh

the possibility of a second wave could have happened, because some countries have started to open "lockdown" now only carry out "Physical Distancing" only. if a protocol violation occurs, it is certain that a pandemic will continue because there has not yet been found any drugs and vaccines, although there is new news with the method of blood plasma from the former pandemic to be used as immunization for those who are severely affected.

but I agree there is no impact that is too feared with bitcoin because at the moment bitcoin is still safely positioned at $ 8K- $ 9K, and there will not be a drastic decline, but will continue to increase in the coming year.

[dentolas]

It seems that BTC price is also under heavy influence of the money movements that hit stock markets... it is natural I guess as the fear and uncertainty of an investor will pass to all its investments, including BTC...
Or we can see it in another angle, as the whales might be taking advantage of this to grab all the BTC they can at low prices before they pump it... and in this case it would be a matter of the amount of BTC still available to sell ...
It will be interesting to see what happens...

[Oasisman]

Will the same thing happen again, can we expect the new lows?

No, I think not because many country is more aware than on last 2-3 months ago. The price is have major dump because of heavy fear ( crash on economy, negative oil price, stock crash etc) and make many investors do panic sell. Probably covid-19 will spread more and affecting more people... but It doesn't happen on Bitcoin. More over, holders will always hold since they're expecting bullish due to halving. Bitcoin will always continued volatility without affect from covid-19.

Most of the countries are already aware about how life threatening Covid or not. There are actually a lot of people believed that this virus ain't that deadly. So, I guess it wasn't the virus that's affecting the global economy and the traditional market, but it's the fear.
Bitcoin price cannot be directly affected by this fear. If you guys can still remember during the spread of the pandemic late in February, everything fell, including Bitcoin because everyone was panicking, but the moment people would realize that Bitcoin fell to almost $3,000 level, people are rushing to buy back in as this will be a good opportunity since the halving was approaching.

Now, this 2nd wave or 3rd wave and whatsoever they call the re-spreading of the pandemic will never going to affect Bitcoin entirely like what happened in March.
This virus is far less deadly than the past plague, modern people are just over hyping the situation.

[Russlenat]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

Yes, but you can also expect that bitcoin will recover.
This year is going to be bad for the economy, it's expected as the vaccine is not going to be one this year, so it's the chance for crypto to shine, and if there is a new wave of virus that is going to cause panic again, I think it will make the economy to suffer more that will result to bitcoin being appreciated.

if BTC will dump at least that's a short term temporary dump only, and make sure you accumulate if that happens.

[Kelvinid]

That pandemic is something to flatten soon and that it certainly won't affect the crypto market anymore. The dumps that we have experienced today and even in the past days doesn't correlate to the said virus, it is probably because the people are quite in FOMO.
It definitely we can't go far and see Bitcoin's price soaring high and to have ATH just like 2017 if we get always into FOMO. The market will be more vulnerable to abrupt changes if we all think the same and easily get affected by FUDs.

[pixie85]

In most countries the wave is expected to hit in Autumn if ever. It may not come at all but if it does it will be in those colder months right when flu usually hits.

We had the first wave in Winter and Spring and the second one should be in Autumn and Winter because the virus can't survive in hit climate. For this reason there are barely any cases in Africa.

The effect on BTC will depend on the stock market's reaction.

[salamat700]

So it would seem there is another Coronavirus wave on the way, at least in some countries. Last time the pandemic struck, we saw Bitcoin price plunging hard. Will the same thing happen again, can we expect the new lows? What are your thoughts?

The market was getting gloomy when the virus started to snatch the attention of the world. Right now, the virus is not a big news anywhere and people have already started to shift their attention most especially on how to get back on their feet so we are expecting more economic activities and the rise again of that hopeful feeling or sentiment. In case there can be another wave of Covid10 infections, I don't see that affecting BTC. What is happening right now in BTC is more of the market dynamics of its ups and downs.

[minersday]

So it would seem there is another Coronavirus wave on the way, at least in some countries.

Last time the pandemic struck, we saw Bitcoin price plunging hard.

Will the same thing happen again, can we expect the new lows?
What are your thoughts?

 The price of Bitcoin has been moving up and down on the crypto market since it has been in existence. And considering the rate at which the price dropped in this pandemic and previous drops,  Coronavirus didn't really affect Bitcoin considering the differences. Personally, I don't really think Bitcoin will be really affected.  There has been a worst drop in the market value of Bitcoin compared to what has happened in the past few months since Coronavirus invaded the entire world.

[princesspoppy]

As long as there is this Covid19 and until there has no vaccine to cure it, people will always be scared and panic. I see this as one of the reasons why we see price drop on March. People are afraid to lose their assets because if this pandemic and the thought of being locked without food supplies and other necessities also contribute to the reasons why most of them sold their bitcoins. But, as we can see that it didn't take that long for the price drop, and beside, it has always been the nature of bitcoin to go up and down since from the beginning. I don't think that it will affect the same way as before. People are trying to get things back the way it used to be. And one of that is to start investing.

[KrisAlex18]

Actually, it's not the virus that caused the drop-down of the value of bitcoin, it's the people who pull their assets because of being afraid that they get hungry soon because they will be going jobless because of the virus and if you observe the graph of the market, the value of the bitcoin still goes high even though the virus is still there. It goes down up to $3900 but recovered again up to $6000 and coming back up to $10000 with virus existing.

We are now getting into normal so do not be scared of what would happen on the bitcoin, still hoping that bitcoin can still goes up for about $13000 again just like February.

[Mumbeeptind1963]

Bitcoin prices will rise The impact of the virus on Bitcoin The virus is hurting the world economy but the price of Bitcoin is rising. Almost moved to Halving by the end of this year with a lot of potentials Bitcoin is back to normal we just have to wait until the price goes up Unemployment problem can be easily eliminated by investing in Bitcoin.

What a very positive mindset. Well that would be possible if and only if the professionals found the cure for the virus before this year ends but as long as the professionals are still looking for the cure I think the bitcoin price mark up wouldn't be possible because those who affected and infected by the virus is still suffering from financial crisis and cannot be participated yet on crypto world's agendas like money investments.