Covid-19 effects on Bitcoin

[kobe24ever]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

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[xxjumperxx]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!

The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.

[btcbonanza]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

First of all there is no upcoming halving atleast for next 4 years. Halving has already taken place a month back. Moreover it's sort of an automatic event which would happen irrespective of COVID-19. How can it be a non-event?

What I think you are trying to ask is that, bitcoin halving might not have impact on price due to COVID-19. First of all you need to understand that Halving is not a guarantee that there would be the next bull run. So the answer to your question is both Yes and No. As significant event Halving was for bitcoin so was the lockdown during Covid for Economy. Now, one school of thought thinks that COVID would have positive effect on crypto therefore both halving and covid will have positive impact then price could rally up. But if Covid has negative impact on Crypto then both could offset each other and we might not see any significance of this Halving. But halving reduces supply in a bit long term not instantly so we have to wait for an year atleast to see effects of Halving on BTC.

[Cnut237]

Certainly CV19 had an impact in dampening prices across all of crypto (as well as the 'normal' non-crypto markets).
But I think halving was priced in anyway - we all knew that it was going to happen; there would not have been any logical reason for a sudden huge price lift the instant that halving occurred.

[Charles-Tim]

I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!

The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.

Halving and covid 19 has nothing in relation, bitcoin halving is normal event in bitcoin circulatory supply, it occurs every four years, so far bitcoin is existing, covid 19 has no effect on bitcoin halving, it can only have effect on bitcoin price. And like you said, by 2024 which is the year for the next halving, covid 19 will be long gone and it will have no effect on the price as well.

[Tipstar]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

Wow it took so long to get that message pushed.
There are of course many ways the COVID would affect world economy and bitcoin as well. But we can't conclude whether it would be/has been beneficial to the price of bitcoin as there are several factors that are forcing people to both buy and sell their coins.

[jossiel]

Halving's done.

Or you mean the 2024 halving?

I doubt it that it's the one that you're pointing out. The world market has been affected of covid19 and before, we all thought that it will make bitcoin crash but it seems that it's not the case. Because even until now, it's standing still.

[CoinFoxs]

The global economy was comparatively in better shape when the cryptocurrencies experienced halving event in July 2016 but this time it is different because of outbreak. The  pandemic has wobbled the global economy and coerced the central banks to add trillions of dollars of stimulus to the financial system. I think right now, bitcoin is doing fine and I hope the price would be high in coming 12 months.

[Natalim]

Halving's done.

Or you mean the 2024 halving?

I thin he was referring to the halving that has happened this year,.. he needs more research, he might not know it's done.

I doubt it that it's the one that you're pointing out. The world market has been affected of covid19 and before, we all thought that it will make bitcoin crash but it seems that it's not the case. Because even until now, it's standing still.

The effect was I think positive, most of us thought bitcoin will collapse as it will correlate with the stocks but it did not happen, crypto market go the other way, the positive way so we have to be thankful with that.

[ultrloa]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

We cannot conclude if this will really happen but if you look at the effect for sure you will realize that it somehow give some but after effect to the price of bitcoins even if the halving already occur, but don't be afraid if you are looking up to the price and wait to buy since might we will see something good to be happen if the market situation will became more active if the covid crisis will ends.

[Negotiation]

Covid-19 has no effect on Bitcoin Currently the price of Bitcoin is rising and almost half of the event has moved on so we will have to wait until the next step but the Covid-19 will not last very long. Many countries have come under control so once the effects of the virus are fully controlled everything will return to its previous place The economy will improve but it will take some time The virus has further increased the demand for bitcoin investments.

[Sebas.tian]

The impact of covid-19 was heavy during the last bitcoin halving, though the whole process has gone and we are into a new dawn for bitcoin. Categorically, this impact was not only on cryptocurrency but also was it impact on stock market, the pandemic wasn't an issue until the world government gave order about the virus that make all other government embarked on total lockdown. The impact were really heavy and caused depressed on most investors in the industry.

[wxxyrqa]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

I believe that one should not expect such a quick effect in the near future from the halving, which occurred on May 10. at least if we turn our attention to previous halving of 2013 and 2016, that Bitcoin prices began to rise actively only a year after the specified event. In addition, to date, I do not see much influence of covid - 19 on the cryptocurrency market, but the situation can only change if a real epidemic occurs around the world.

[jossiel]

Halving's done.

Or you mean the 2024 halving?

I thin he was referring to the halving that has happened this year,.. he needs more research, he might not know it's done.

Yeah, seems like it's the one that he points. He is probably not aware that it's done already.

I doubt it that it's the one that you're pointing out. The world market has been affected of covid19 and before, we all thought that it will make bitcoin crash but it seems that it's not the case. Because even until now, it's standing still.

The effect was I think positive, most of us thought bitcoin will collapse as it will correlate with the stocks but it did not happen, crypto market go the other way, the positive way so we have to be thankful with that.

Many stocks pump and that will make many of us think that there's a correlation between the two. The S&P 500 and bitcoin market correlates as we think if we look whenever the other goes up, the other goes the same.

I don't think of its correlation if there is or none but as long as bitcoin gets stable during this pandemic, that's all what matters.

[traderethereum]

The next halving will not be the same as now, and maybe bitcoin will become more popular now, and I hope that the Covid-19 will not stay with us.
But this time, we already have the halving time, and we have a big problem, which is Covid-19 still here.
The Covid-19 makes all countries aware of this thing because this virus infected so many people in many countries. I think Covid-19 and bitcoin halving is not related, but we don't know the truth.

But let's imagine.

Covid-19 attack peoples in many countries make those countries get in trouble, and the economy slowly collapses because people have been suggesting to stay at home.
There is no activity out of home, office, or other places. People are suffering and waiting for help from the government.
The stock goes down because of the economy down and makes people panic and save their money to prepare their needs.
Many people who have assets sell it right away to have money, including whatever they have from the internet, and maybe they sell bitcoin.
That makes bitcoin price is down, but fortunately, after the price is down, the price is back to the high price, and the price is stable at a price now.

So that is a little story between Covid-19 and bitcoin

[Twentyonepaylots]

There was no significant effect, covid affected cryptocurrencies to a lesser extent than anything in the financial sphere.

We don't know this for a fact that we can't see it. We can't really tell how bad or how good the effects of covid19 in the cryptocurrencies, I can't imagine the prices without the covid19 but I am sure that there is an effect brought by the pandemic to the cryptocurrencies. People is the wholeness of the decentralization, pandemic affects the people, and that becomes a triangle. What is most affected by the covid19 is the stock market due to the panic of its holders. We saw the past first 2 halvings pumping the price of bitcoin, this time we didn't so I guess there is nothing special about halving 

[Harlot]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!

The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.

Even the one before the halving this year which was 2016 has no spectacular price movement that happened instantly and if I recalled correctly the price increase happened around 20 weeks after the halving leading to the 2017 bull run. We should scratch the idea already that every halving we will have will lead to Bitcoin's price increase as 2016 already have debunked the theory and maybe 2020 as well will be a proof that halving has no instant effect on the price of Bitcoin. If the OP is talking about the 2024 halving that will depend on how much the COVID-19 has affected the global economy during that time, the harder the pandemic will hit us we might start to see that the crypto market will also be affected during that time.

[DeathAngel]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

No, I think covid19 has suppressed the price, by saying that I mean I think the price would be higher now if the pandemic hadn’t happened but I think the worst is over now. If anything because of govs endlessly printing fiat it might have a really positive effect on the bitcoin price in the coming years.

[joniboini]

We saw the past first 2 halvings pumping the price of bitcoin, this time we didn't so I guess there is nothing special about halving 

There was always no immediate effects on bitcoin price after halving occurred. It's too soon to say the last halving won't affect the price since it's only been weeks (months maybe) that the event occurred. Theoretically speaking the supply will decrease, and if demand stays the same, sooner or later the price will follow. Unlike those random predictions that based on garbage rumors, I think halving is fundamentally different.

Here's some link for you: https://www.coinmama.com/blog/wp-content/uploads/2020/02/ELRjvR1U0AAUtnn.png-large-768x555.png.

Anyway, I don't think COVID is going to have any effect for the next one. We prolly have found a new way to life by then. Even my bonds are already moving from its bearish trend after covid hit my country. Hopefully nothing bad happens.

[kryptqnick]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

1. Welcome to the future. Halving already happened. Unless, of course, you mean the halving in 4 years and that the pandemic will still be here.
2. It seems obvious that at least for now, there has been no long-term effect of the pandemic or of halving on Bitcoin price. It's volatile but generally stable between $9k-$10k.
3. We'll have to wait until the pandemic is over to be able to assess its impact on global economy and Bitcoin. Since we're nowhere near the end of it all, it's probably premature to jump to conclusions.
4. We'll never know for sure whether the pandemic or halving affected the price significantly because there are always a bunch of other factors that could weigh in, and with time the number of these factors increases.

[joinfree]

Bitcoin halving has already occurred and yes COVID 10 has had a great impact on the economic progress of the entire world and this has certainly affected the price of bitcoin for quite sometime. Initially, it went down because no more money was being poured into the crypto industry but going forward, most people have cashed some savings from their fiat accounts to invest in cryptocurrencies.

[DoublerHunter]

^ I dont know OP is where it is coming from, he even doesn't know that the halving has successfully occurred and that was on last month.
Both halving or let say bitcoin has no correlation about the pandemic, these things are both different but if you meant that, is this has an effect to the bitcoin price, I slightly say no. As we can see even pandemic was still going on but the price of bitcoin has an improvement that showed positive move on the price and did not dump too much. Nevertheless, this topic has been repeatedly discussed it here, you should simply search them.

[Nathanz]

I honestly think not. Bitcoin Halving that happened last May was expected already. I don't see any reason why Covid19 will have a significant effect on it since there were no special thing about what happened last May. It's just the Bitcoin Halving that will be happening again in 2024.

[kayvie]

Bitcoin halving was successfully done, even though the effect will not be seen right away because it might take a couple of months or even a year before we can see it. So, it is clear that Covid-19 has no effect to bitcoin, as you can see, the price of bitcoin was nearly reached the price of $10k again without any difficulties.

[stiffbud]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

I think you mean the Halving that already happened?
The next halving will be ETA 10 May 2024.... thats a long time, I sure hope Covid will be History by then!

The halving that happened in the middle of May 2020 kind of got overshadowed by Covid. No super high price bounce, but it wasnt about the price bounce for me, I was happy to see Bitcoin moving along.

I was a little scared to see the price falling at such a rapid rate back in march but thank goodness it was just a flash crash and the marker rebounded quickly. You are right in saying that the bitcoin block reward halving was overshadowed by COVID as there was news of COVID everywhere and everyone was afraid of what will happen next but thank goodness the government took control of everything and did an excellent job in mitigating the risk of the spread of this deadly disease. I believe that bitcoin price will rise in a couple of months just like the previous block reward halving and definitely COVID had an impact on bitcoin price before and after block reward halving that too in negative terms.

[cryptoangel]

Will the upcoming Bitcoin halving be a non-event due to the state of the world economy affected by COVID-19 ?

No, I think covid19 has suppressed the price, by saying that I mean I think the price would be higher now if the pandemic hadn’t happened but I think the worst is over now. If anything because of govs endlessly printing fiat it might have a really positive effect on the bitcoin price in the coming years.

The current suppressed of the price is investors, because COVID stay in a last 6 months of our world. But market pump and dump is totally different from the COVID-19. Bitcoin will going to moon on upcoming years so those are planning the long term investment Bitcoin is a perfect choice for current scenario.

[Antinass]

Nobody can predict what Covid-19 effects can do, due to the many economic and political consequences caused by such viruses, but it will certainly have an impact.
If the world witnesses a recession and a decrease in the prices of goods and services, many people will seem to think of solutions to save their investments and therefore will buy digital currencies that will lead in the future to increase the price.
The positive effect will be more than negative.