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Author Topic: Is bitcoin benefiting from coronavirus??  (Read 227 times)
Sebas.tian
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June 26, 2020, 02:04:14 PM
 #21

" Anyone who claims the bitcoin price is in any way organic, or follows real-world events, is simply talking nonsense."
Alright, how about bitcoin price during the pandemic? Or even the pre-pandemic? Bitcoin topically follows the real world events mate, remember that, during the pandemic the stock market and cryptocurrency market went down and this was as a result of the pandemic. How about the real world news or events? How about speculations from those at the front line of cryptocurrency? Kindly revaluate this; bitcoin is been move by world news and events.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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June 26, 2020, 04:13:08 PM
 #22

" Anyone who claims the bitcoin price is in any way organic, or follows real-world events, is simply talking nonsense."

THAT is nonsense.
bitcoin may not be following every world event but its price is very organic and it has always been affected by all major world events specifically those that greatly affect the economy. don't forget that bitcoin was created because of the biggest economical fuck up of our time (2008 recession).

is it benefiting from COVID? no because it has nothing to do with it.
on the other hand COVID affected the economy which in turn had some small effects on bitcoin market.

There is a FOMO brewing...
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