Coronavirus lock down boosts

[bearexin]

In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

I have been seeing some analysis that the price will break the $9000 range to $10,000 soon. Saw that analysis around last week, but the price has been circling $9,400 for quite some time now. I do know that the growth will be from one stage to another but right now bitcoin markets seems like too calm which must be a good sign before another wild rally. So, expect a strong bull rally incoming days.

All this while that people are staying home, a lot of them might have thought of what they should be doing to make money while they are at home and Bitcoin would have been one of the thoughts that came to their mind. And adding that a lot of people lost their jobs because of this Coronavirus, they will definitely need something to keep busy and make some money while they look for another job.

[1715057502]

1715057502

[1715057502]

1715057502

[winterlemon912]

In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

The lockdown can literally boost the number of tradings and also the number of users because lockdown tends all the peoples to stay at home and it makes the people focus on doing crypto currency so that they can earn without going outside of their house. I am not focusing on crypto currency and im just holding a coin but when the lockdown started to be applied, I started to trade and to mine so that I can earn even if I am inside of our home.

[verita1]

I also consider that it is good news because without a doubt Bitcoin is being an alternative for the trade of digital Assets in Russia. Being popular, crypto traders can increase their work from home.
This evidence is pointing out that people are looking for alternatives to generate a job or a new income.

[Harriti]

In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

yeah that is possible. because the bitcoin halving event is one of the key events and affects the whole market. and when the stock market and business are no longer good people will use money to invest in something more potential. Bitcoin may not be growing now, but the lack of supply will help it grow sharply in the near future. That's why so many people are participating in this crypto market.

[davis196]

In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

Are we to expect a big BTC price movement because of Russia?
Do you think that Russia had any impact over the Bitcoin and altcoin prices during the last few years.?
I don't think so.Then why should we expect some major crypto price boost coming from Russia?
If some Russian oligarch becomes a crypto whale and buys Bitcoin-definitely yes,Bitcoin might go up.
If more Russians signup to crypto exchange platforms and start trading-most likely no.
By the way,how the hell did Cointelegraph track the nationality of the people,who created accounts in Binance?Did Binance publicly announced that more Russians joined the platform?

 

[Kakmakr]

I have a friend in Russia and he says the lockdown has given them more time to trade now, so with him being home more now.. trading has become his full-time job now. He says a lot of his friends has also done the same now and it is becoming somewhat of a trend now in their area.

He says day trading will go down again, once "lockdown" restrictions have been lifted and more people would return to work and then have less time to day trade. He lives in Moscow and it was the epicentre of Russia's outbreak, so people are still scared to go out and prefer to stay home and do work from home. (including day-trading)  

[NavI_027]

I do know that the growth will be from one stage to another but right now bitcoin markets seems like too calm which must be a good sign before another wild rally. So, expect a strong bull rally incoming days.

Yeah I also love the calmness that we feel at this moment because it's favorable for a long term hodler like me lol. It was less stressful compare to a roller coaster ride-like rally . Don't get me wrong, I also want a price hike but I'm just hoping it will not happen suddenly. Like what you've said, step by step process is much better. However, I don't feel that bullish days will come on the next few days. I don't know why I say so, just a gut feel I think. Hmm maybe the price will go up slowly but I am not expecting that it will finally break the $10k mark. So for now let's continue observing.

[btc_love]

It's pretty funny to see an increase in the number of people from Russia, given the fact that we have more and more restrictions on crypto. Even access to this site is officially blocked, which is why I have to log in here using a VPN.

[Kelvinid]

It's pretty funny to see an increase in the number of people from Russia, given the fact that we have more and more restrictions on crypto. Even access to this site is officially blocked, which is why I have to log in here using a VPN.

Because people will find a way to get in and start trading just like you did.  Besides, not only in Russia the surge of trader's volume but it also happens in the other country. This pandemic and the lockdown had a positive impact on online business, online gambling, and much more gives a huge impact on crypto. We thought that it has a negative impact to us at the start but it seems to have a big opposite as what we observe by now. Instead, it helps people to adopt crypto and more people are engage into trading.

[KrisAlex18]

I think it should be expected, as of his pandemic virus, we are now jobless and for us to earn money while we are at home is to be more focused to online activities, there are many people who know about crypto world and because they have so much time because of the pandemic, they tend to do some crypto activities like hodling, trading and investing which results to the bitcoin inflation.
The more users the more liquidity but it doesn't mean that the price will go up as well.

It's a good news if they've got doubled the registered users since the compared month. The pandemic has made people  look for a way to trade while being at home and this is positive news at least for me. But it doesn't mean that it will actually make the market into bull run together with the altcoins.

I'd like to absorb that the crypto traders or investors are becoming more this time and the impact might not be so quick to be seen. But in the long term, there will be.

Well said, that is one of the effects of this pandemic virus, there are many people who became more active in cryptocurrency which makes some movements on the graph of bitcoin.

[bitcoinst]

It's pretty funny to see an increase in the number of people from Russia, given the fact that we have more and more restrictions on crypto. Even access to this site is officially blocked, which is why I have to log in here using a VPN.

Because people will find a way to get in and start trading just like you did.  Besides, not only in Russia the surge of trader's volume but it also happens in the other country. This pandemic and the lockdown had a positive impact on online business, online gambling, and much more gives a huge impact on crypto. We thought that it has a negative impact to us at the start but it seems to have a big opposite as what we observe by now. Instead, it helps people to adopt crypto and more people are engage into trading.

Yes, but is this the cryptography we want to see? Of course, the contribution of online to the adoption of cryptography cannot be overemphasized, however, people still associate cryptocurrency with speculation. Speculation in online casinos and speculation on trading, we add to this the opinion of drugs and dark net and so on.
People will be much more willing to accept cryptocurrency if it will bring real benefits, and make people consistently richer, which is the problem now.

[Oasisman]

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

Looking back from the 18th of June up until now, the price remains the same. That because traders usually doesn't make any significant price changes no matter how big or small the number of traders are, specially that they are selling Bitcoin for other alts and vice versa in a short period of time.
I'd rather say more long term hodlers buying Bitcoin will help boost the crypto market with a significant massive price movement. Majority of the alts in the marker are following Bitcoin's price, So I guess everything will pump once Bitcoin is mooning anyway.

[suzanne5223]

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

Looking back from the 18th of June up until now, the price remains the same. That because traders usually doesn't make any significant price changes no matter how big or small the number of traders are, specially that they are selling Bitcoin for other alts and vice versa in a short period of time.
I'd rather say more long term hodlers buying Bitcoin will help boost the crypto market with a significant massive price movement. Majority of the alts in the marker are following Bitcoin's price, So I guess everything will pump once Bitcoin is mooning anyway.

Every utilized altcoin in the market always follow Bitcoin market trend after halving have happened and the reason why the price of the narket remain the same no matter the seriousness of traders is because those that ought to hold their investment in other to help boost the price of the market decide to manipulate it.