New Covid wave vs Bitcoin

[Mpamaegbu]

The first wave was before the May halving of Bitcoin and the drop wasn't out of place at the time because of the uncertainty occasioned by the pandemic. But now with halving and reward cut into a half, I don't see price crashing. There can be price correction but not a crash.

I believe the market is in manipulation stage not correction since the market dont experienced simultaneous surge in price which may lead to market corrections.

What do you guys really mean by "Market is being manipulated"? I don't get it. So, someone can't sell their staunch without someone else complaining of manipulation? I always have a good laugh whenever I read such. Come on, if it's their holdings, they're free to do whatever pleases them with it. Nobody should complain of manipulation because no one can manipulate the entire crypto market.. Those who have that mindset are the weak hands who get scared when others sell off.

[verita1]

I do not think the price of Bitcoin will drop. I have a feeling that it will stay between 9K and approaching 10K. It has held its resistance at that level for a month. Although I wish it would increase its price but everything is unpredictable.

A few days ago I thought that the price of Bitcoin has not exceeded 10K because we already have a diversified community, it is no longer just bitcoin, there are altcoins and stablecoins contributing to the ecosystem and they are fighting to gain their ground and their profitability.

[Negotiation]

In fact, the Bitcoin market is not stable so it is very difficult to set the price No one can pinpoint the exact price but I don't think the new COVID wave will have any effect on Bitcoin Whatever the downside of COVID 19 the price of bitcoin is unlikely to go down. Bitcoin has surpassed about 9k This is a very good time to make a profit by investing in Bitcoin Bitcoin prices are rising because of the virus This is why the new COVID wave will not be able to break Bitcoin.

[Harriti]

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?

That will happen again. Notice that around this time, the price of bitcoin is following the Dow 30. when those 30 companies all went down, so did bitcoin and when the 19-year-old covid broke out again, we would see a strong sell-off of the whales. so be careful, although bitcoin halving has already taken place, but when demand for bitcoin decreases, it cannot increase prices. We should keep holding the fiat money to wait for better opportunity.

[Shasha80]

The bad news is that in some countries the percentage of covid-19 has decreased, again there is a new covid-19 wave. This happened because
of activity in reopening, for example the country of China found again that there was a corona virus re-infection. Therefore it is necessary to
apply strict health protocols. Then for bitcoin there will be no new low , because as happened when the covid-19 outbreak that time there was
a decline in the price of bitcoin because of panic, not a direct result of covid-19. Now the price of bitcoin is getting stable at $ 9300- $ 9500,
there may be a correction but there won't be a dump. So don't worried for bitcoin holders to be sure bitcoin can continue to rise in a pandemic
situation like now.

[rodskee]

In fact, the Bitcoin market is not stable so it is very difficult to set the price No one can pinpoint the exact price but I don't think the new COVID wave will have any effect on Bitcoin Whatever the downside of COVID 19 the price of bitcoin is unlikely to go down.

There's no certainty whether the next wave of this virus will reflect to bitcoin value as everything still depends from how people
who supported bitcoin will move.
As long as support to hold are their, bitcoin will not fall that much, possible to go down but hopefully not that huge.

Bitcoin has surpassed about 9k This is a very good time to make a profit by investing in Bitcoin Bitcoin prices are rising because of the virus This is why the new COVID wave will not be able to break Bitcoin.

It's been noticed that even there's pandemic virus bitcoin value still moving and still holding it's ground, investors who keeps on buying
and holding have the big chance to maximized the profits.

[Nhor1011]

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?

I pray that there will be no second wave of Corona virus because it not just affecting our economy too much but also to everyone that life's getting worst everyday.
If people continue to panic selling because of this pandemic it will make bitcoins value down.Another reason is that people will be forced to sell because of their daily essential needs just to survive to this current situation. But it's just temporary and for other reason why bitcoin market sometimes going down drastically ,nobody knows. All i know is that Bitcoin will remain a strongest digital currency despite of Covid19.

[AniviaBtc]

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

I'm not a negative thinker, but this pandemic really affect a lot of factors in the market. As we are experiencing lows right now, all of are suffering and most of the governments are really having a hard time to recover from this downfall. We are not still in a process of recovery but the next wave of Covid-19 is approaching, probably that cause a new panic in most of the investors.

Recession is what other countries are experiencing because of the lockdown. Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.

[arwin100]

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

I'm not a negative thinker, but this pandemic really affect a lot of factors in the market. As we are experiencing lows right now, all of are suffering and most of the governments are really having a hard time to recover from this downfall. We are not still in a process of recovery but the next wave of Covid-19 is approaching, probably that cause a new panic in most of the investors.

Recession is what other countries are experiencing because of the lockdown. Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.

It's not about  negativity its about  being realistic and we see the effect now and due to lock downs we suffer  to much especially on financial matters since majority of  job are  been closed until further notice while this disease still exist. Economic recovery will takes time to improve but it's better than nothing and the one I hope by now is this disease will end up so that we can see a great action with bitcoins.

[carlfebz2]

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?

Possible but we cant really directly say that this would be the reason but if this would continue and it do cause up for the economy to crash then expect
that people will pull out their investment neither it would be on the traditional one or in crypto.

Second wave is indeed happening now on some countries but hopefully that this wont really result into more decline in talks of economic matters.

[dongosquad]

Market transactions can't be processed and businesses are still not allowed to operate because of the risk of getting the virus from its customers. Economic activities will surely be still postponed and the economic recovery will probably slowed due to closed businesses.

We all feel the difficulties caused by this pandemic. The economy is slow, habits are changing, activities are restricted, and so on. New normal has been established, with strict health protocols to reduce the risk of infection, but the pandemic is continuing and the next wave is beginning to be seen. This is really a difficulty, if economic activities and other production activities are not carried out, then the economy will really be stopped, many companies are complaining and doing activities as they should maintain their business.

[CoinFoxs]

I think pandemic was not the only reason of price drop as many speculated that bitcoin's price will rise in the weeks before and after the Bitcoin halving.  As we know that this will reduce the supply of new coins entering circulation, however any price rise will depend on the demand of bitcoin. There was no pandemic in 2018 when the price of 1BTC was plunged to $3200-4000. Yes you can say pandemic can be one the reason of price fall as economy  of the whole world crashed but it is not the only reason.

[posi]

The first wave was before the May halving of Bitcoin and the drop wasn't out of place at the time because of the uncertainty occasioned by the pandemic. But now with halving and reward cut into a half, I don't see price crashing. There can be price correction but not a crash.

I believe the market is in manipulation stage not correction since the market dont experienced simultaneous surge in price which may lead to market corrections.

What do you guys really mean by "Market is being manipulated"? I don't get it. So, someone can't sell their staunch without someone else complaining of manipulation? I always have a good laugh whenever I read such. Come on, if it's their holdings, they're free to do whatever pleases them with it.

This is not an act of complaining but making people understand the current stance of the market because we cant all have the sane knowledge about the market so sharing our knowledge to help others shouldnt be a problem.

Nobody should complain of manipulation because no one can manipulate the entire crypto market..

Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings?

Those who have that mindset are the weak hands who get scared when others sell off.

Not every one that sold are weak hand mate.

[Mpamaegbu]

Nobody should complain of manipulation because no one can manipulate the entire crypto market..

Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings?

I still don't want to call that manipulation. The dude had a large chuck of the total Bitcoin in the world and ordinarily him selling should cause a hell of a panic because the shrimps like you and I would think that something bad was going to happen to Bitcoin, thus the panic sales. It's the same thing that will happen on the stock market were Warren Buffet to announce that he would be selling off a particular stock he holds in large sum. It's business strategy. Manipulation would mean what some exchanges do. They would quote you a price but would trigger it at a different price higher than your buy or lower than your sell. Now, that's manipulation and not business.

[ghost424]

The results will depend on most countries that are more involve in Cryptocurrencies because they will be the primary users that will either cause the fluctuation on its value. We know that Bitcoin is very volatile and it is not directly being affected the Corona Virus or COVID-19. We know that the value of Bitcoin will eventually fluctuate at different points in time and we just need to observe it. Even if the Corona Virus affects Bitcoin, then we would surely see a big effect on it.

[koang]

The Pandemic caused a number of central banks to make Quantitative Easing, many predict this could be going to accelerate Fiat Money Inflation in the future.
Bitcoin does the opposite, tightening its quantitative, many investors are buying Bitcoin to fight future inflation.

Moreover, Bitcoin has proven to be one of the best performing asset classes this year.
It also encourages people to look back at the superiority of Bitcoin compared to other assets, such as gold.
So I believed, the new Coronavirus wave will not negatively affect the price of Bitcoin

[daneal stev]

I noticed that the Corona virus had a very big role in the decline in the prices of digital currencies, especially when the epidemic spread and spread inside China, where prices decreased by a very large amount and reached the price of 4000 dollars and no one expected the price to reach this amount, but after China recovered from this virus Recovered, and rose again until the price touched 9000 dollars, it is very likely that the currencies will fall again if we see a second wave of the epidemic and I hope this will never happen

[posi]

Nobody should complain of manipulation because no one can manipulate the entire crypto market..

Now i know you dont understand the present and the action of the whales and the arbitrage traders which are the market manipulators. Have a question for why is the whole crypto affected in the year 2018 January if i could remember correctly after Apple Co-Founder (Steve Wozniak) declared he sold all his BTC holdings?

I still don't want to call that manipulation.

Why dont you see it as manipulation? He sold him holding fine but must he announce it? Dont get twisted every strategy that influence the price of the market is called manipulation and can be done in different ways. Check whats going on whales alert you'll that theres alot price manipulation going on.

Manipulation would mean what some exchanges do. They would quote you a price but would trigger it at a different price higher than your buy or lower than your sell. Now, that's manipulation and not business.

That's for exchange site aspect.

[Shohag123]

I think corona effect for crypto was temporary.People paniked and dumped their coin.But after somedays Bitcoin and other coins was bounced back to its normal place.

Nowadays people are in home.So i think they will use more time now on crypto trading and so on.So i am sure there will be no dump.But if corona survive longer than we thought then people can use their Bitcoin into fiat money and use it for daily use.Btw Bitcoin is the king and will be the king -my wish

[TheGreatPython]

Maybe the price will fall or maybe not, but if it does fall, I think the question should be what will happen next?’ is it going to get back up? That’s an important question to ask and I’m very sure the answer to that question would be a yes. So, if I’m saying the truth, then there is really nothing to be scared about since the price will still go back up after all. In my opinion bitcoin markets has already defeated the covid19 pandemic.

I am not saying bitcoin will keep rising here after but I mean the consequences of pandemic may not impact on bitcoin markets any more but the slow economics may do anything. Usually slow economics will boost bitcoin prices hence I am seeing there would be no meaning if we keep continuing our concerns on covid and its related slow economic situations.