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Author Topic: COVID-19 Vaccine Will Cause Bitcoin Crash  (Read 2426 times)
zasad@ (OP)
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September 16, 2020, 02:04:59 PM
 #1

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/




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September 16, 2020, 02:30:09 PM
 #2

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

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September 16, 2020, 02:33:48 PM
Merited by Gozie51 (4)
 #3

I have made an article about what the code of coronavirus vaccine will be before on politics and society board.

5. How much will it cost?
While billions of dollars are being invested in vaccine development, millions more are being pledged to buy and supply the vaccine. Prices per dose depend on the type of vaccine, the manufacturer and the number of doses ordered. Pharmaceutical company Moderna, for example, is reportedly selling access to its potential vaccine at between $32 and $37 a dose (£24 to £28). AstraZeneca, on the other hand has said it will supply its vaccine "at cost" - or a few dollars per dose - during the pandemic. The Serum Institute of India (SSI), the world's largest vaccine manufacturer by volume, is being backed by $150m from Gavi and the Bill & Melinda Gates Foundation to make and deliver up to 100 million doses of the successful Covid-19 vaccines for India and low- and middle-income countries. They say the ceiling price will be $3 (£2.28) a dose. But patients receiving the vaccine are unlikely to be charged in most cases. In the UK, mass distribution will be via the NHS health service. Student doctors and nurses, dentists and vets could be trained to back up existing NHS staff in administering the jab en masse. Consultation is currently under way. Other countries, such as Australia, have said they will offer free doses to their population. People receiving vaccines via humanitarian organisations - a vital cog in the global distribution wheel - will not be charged. In the US, while the shot might be free, healthcare professionals could charge for administering the jab - leaving uninsured Americans possibly facing a vaccine bill.

People are not ready to even use the vaccine not to talk of buying it. With time, the vaccine will be free or have low cost. Do not think that people will take from their bitcoin to buy the vaccine too, and if there is, it will be negligible compared to bitcoin marketcap. Do not reason the vaccine will have any effect at all, imo.

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September 16, 2020, 02:41:36 PM
 #4

Why do you think that the corona virus vaccine will make bitcoin crash ?
While it does seem like a possibility that the people will start investing in stocks again to grab the opportunity to gain high profits when the economy recovers but that doesn't mean bitcoin will crash. The price might fall back a little because there are people who switched to bitcoin in the pandemic and they might return to stocks but more than that it is those people who hold and trade bitcoin from a long time. They won't panic sell their bitcoins and hence it is quite known that bitcoin will not crash but might dip a little. Besides that we have seen bigger crashes through the bitcoin history.
It can't get worse than that  Grin

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September 16, 2020, 02:45:02 PM
 #5

If a vaccine is effective enough then only it may happen but there is no guarantee. To date we do not have an effective cure for AIDS virus, the same will happen for COVID19 as the virus has been evolving in regular interval.

A vaccine will not be available till early next year then you need to administer it to every human living on earth which will take time hence this dip which he predicts will take more than a decades time.

I also personally believes Gold will be more affected than Bitcoin because it is the most popular investment commodity.

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September 16, 2020, 02:45:10 PM
Merited by lovesmayfamilis (1)
 #6

We don't know really what will happen when an effective vaccine will discover. Because during the pandemic we thought bitcoin would dump hugely. But it happened reverse trend, although it was dumped for a while, but overall bitcoin has shown a strong resistance. So the same thing would happen, most of us wondering bitcoin would dump but it would reverse as well. When a COVID-19 will spread around the world then people's mentality will be more stronger. Probably they would invest in real life, so if it happens then bitcoin would dump. Otherwise, it would bump at the same time as global economies.

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September 16, 2020, 03:21:38 PM
 #7

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/
I fail to grasp the logic behind this line of thought. Bitcoin did not crash, but it suffered significantly when the lockdown was announced. Then the lockdown was slowly abolished for less strict policies and Bitcoin started recovering. If the reason behind the future crash is the US debt, then the pandemic is only making it worse and making the crash of the US economy more likely, whereas a vaccine could stop the negative economic effects of the pandemic and thus let the world avoid the US economy crashing. Moreover, if the US economy crashed, the USD would surely crash, but I'm not so sure about gold. Instead, people could quickly move their wealth into gold as a safe haven, and gold could go up. An even more unsure case is with Bitcoin. If people turn to BTC in the case of the fiat crash (which seems very likely to me), the price would go up. There are many dots that don't connect here.

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September 16, 2020, 03:26:21 PM
 #8

The word "crash" makes it sound too apocalyptic. We'll definitely see a drop in price once the world goes back to normal thanks to a vaccine, mainly because ever since around feb/march when Covid19 began to spread worldwide traditional markets like the stock market have been in a nonstop upward movement (forming a bit of a "bubble" like the one in tech stocks), so that movement is bound to stop once covid is gone.

So, given the similar behaviour in the btc price charts with the stock market charts over the last 6 months, i think it's safe to assume that once traditional markets start to go down, btc will too, but the latter will recover in no time, as it always does...

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September 16, 2020, 03:42:46 PM
 #9

The word "crash" makes it sound too apocalyptic.

Definitely, but boy, tell that to some of the Newbies(and Jr members) that posts threads with topics such as "why bitcoin crash? wen moon?" after a small typical 5% drop lmao.

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September 16, 2020, 03:55:55 PM
 #10

What's the reasoning here? That the pandemic is behind Bitcoin recent growth, so vaccine would cause the opposite reaction? Or is he saying that if Bitcoin it tied to the US debt, will vaccine make the debt go away, or what? I don't think the recent market behavior supports that, we saw that recently Bitcoin was going hand-in-hand with all global markets, and the release of vaccine would be bullish news for them, although I doubt it would cause any huge reaction, because vaccine won't magically remove covid-19, this process will be long.

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September 16, 2020, 04:54:31 PM
 #11

The reasoning itself is actually very unreasonable here since the vaccination won't hit the price of Bitcoins for sure.
Firstly I believe the person writing this article wants to reason that vaccination will improve the situation and thus  the person believes that people will start in cashing the bitcoins but I think you have to understand that even though the vaccination will be invented there are certain clinical trials that they will have to go through.
After the clinical trials will come implementation , even after that one needs booster dose every while , the virus is mutating therefore it's hard to stop it by just vaccination and the long term health effects of COVID-19 are yet to be discovered.

Even though it's all over bitcoins won't crash hard since pandemic is the cause of growth maybe in some parts , maybe 10% but rest people are using it and now know the practical implications of Bitcoin themselves.

- It's not like people need bitcoins just in the time of pandemic , the economy itself won't magically improve after the vaccination is there .

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September 16, 2020, 05:01:17 PM
 #12

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
I agree with this I am expecting a little dip because I myself would seek a better way to earn (Real Life Business) rather than holding it in crypto and waiting for it to pump up.
People would try to gain back the life that they had right before the pandemic and crypto might have saved them while the pandemic is on but it wouldn't remain that way when things go back to normal they would have some time to get out and start their own business since people doesn't need to stay at their house anymore.



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September 16, 2020, 05:11:21 PM
 #13

How and why covid 19 vaccine will cause bitcoin crash? Because maybe you think people will buy more vaccine than buying and investing in bitcoin. I doubt that this vaccine will affect too much in bitcoin because not all will buy vaccine unless they need it badly or if they are covid patient. Me personally don't want to buy a vaccine because i have fear that it will be like Dengvaxia vaccine before that instead help to recover it caused death to many childrens. The demand in bitcoin will not decrease because of that.

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September 16, 2020, 05:20:46 PM
 #14

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/


I partially agree to this statement. In any way it's a speculation we all are doing here. My speculation says, if an effective COVID Vaccine is found then we will definitely see bitcoin's price going down. It will happen because a lot of people will start squaring off their position in bitcoin and probably will go back to the traditional market. because there is a huge chance that the economy will start recovering once a vaccine is found. Businesses will start gaining confidence that the buying habit of the mass will be slowly back to track and hence they will try to increase the production which will result more job and more money in-flowing into the economy. So the focus will temporary shift towards the mainstream economy.

But this will be temporary in nature. Because now institutional investors are showing big confidence in bitcoin so the market liquidity will remain high. I don't foresee any big trouble in crypto market even if a vaccine is found.

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September 16, 2020, 05:22:50 PM
 #15

I am a big fan of Robert ..... but I think this time he might be wrong. His book "Rich Dad Poor Dad" was a best seller for many years.... because it added value to the world. (It gave people hope) ..... but his other books was a bit of a let down.  Roll Eyes

I would have agreed with Robert, if there was a huge spike in the Bitcoin price after the virus pandemic started... but there was only a slight increase and even a cool down after that. People did not really run to Bitcoin as a safe haven during this pandemic.... so there will not be a "crash" caused by those investors withdrawing their funds from Bitcoin... if the vaccine is found.  Wink

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September 16, 2020, 07:19:53 PM
 #16

The word "crash" makes it sound too apocalyptic.

Definitely, but boy, tell that to some of the Newbies(and Jr members) that posts threads with topics such as "why bitcoin crash? wen moon?" after a small typical 5% drop lmao.

Yes, i even stopped correcting them. Its endless. Wikipedia clearly defines what "crash" means (high two digits, ie. losing 75% value) and these fools keep calling "crash" any little dip.

Nothing can make Bitcoin crash suddenly overnight, because it is in the hands of too many people that appreciate it, period.

If some fool thinks its worthless and starts selling it (or "dump it") it will be bought back even faster than his ability to keep selling. Bitcoin is THAT valuable.

Bitcoin price stood despite the pandemic. Why would the end of the pandemic means it loses its price? This is as nonsensical as it may get. But i guess someone just wants to attract attention. Internet social media as usual...

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September 16, 2020, 07:54:17 PM
 #17

And where is this vaccine? The more similar headlines I see, I am more confident in new bitcoint ath! It's how it goes, from year to the year...
You read things on the internet and many so-called experts share their opinions, but in one moment you see a trend, everything points to one direction, you do the opposite and most likely you will make a profit! Now you can trust this guy (or any other guy, or news article) and sell what you have before the crash! Or be smart and try to strengthen your position and show more faith in bitcoin, and some others alts.
In the end I am one of the people who don't believe that covid has any relations with crypto changes! Market moves up and down before covid and will do that after this covid, using covid excuse for changes is not a good example for anything.

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September 16, 2020, 09:06:17 PM
 #18

Maybe it could have a short term effect, but I don't think it will crash hard though. Remember that we are in the way to five digits in March when the news of the this new pandemic that crash the whole market, not just crypto but traditional markets as well.

So if we didn't have this whole covid-19 scenario we could have been enjoying $12k or more today. My point is that bitcoin is so resilient with this kind of news that I don't think we could have some new stories that will crash the market again.
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September 16, 2020, 09:56:46 PM
 #19

I've never thought of this but as possibility could always come with this very volatile market.

What I thought of is that people will be more confident when a vaccine comes and it will be the time that they will start investing to save themselves from financial crisis.

They will resort to buy bitcoin instead of other traditional assets which could trigger bitcoin to another bull.

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September 16, 2020, 11:46:50 PM
 #20

The word ”crash” is what others assume to happen in bitcoin. I don't think that's the right word for bitcoin, the price so happens plummets but not to the point that bitcoin could crash because of covid19. Some people able to sell Bitcoin and invest in other commodities but as we know in crypto price is volatile and we can see it again in bull market.

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September 16, 2020, 11:51:51 PM
 #21

How and why covid 19 vaccine will cause bitcoin crash? Because maybe you think people will buy more vaccine than buying and investing in bitcoin. I doubt that this vaccine will affect too much in bitcoin because not all will buy vaccine unless they need it badly or if they are covid patient. Me personally don't want to buy a vaccine because i have fear that it will be like Dengvaxia vaccine before that instead help to recover it caused death to many childrens. The demand in bitcoin will not decrease because of that.

I don't understand the reasoning here as well why bitcoin will crash once covid vaccine is available. People should be more confident now to invest as jobs will get back to normal again. And since a lot of people come to know the existence of bitcoin or crypto during this pandemic, they will have more chance to invest once their job is restored.
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September 16, 2020, 11:52:48 PM
 #22

Robert Kiyosaki is now big Bitcoin supporter, and he is saying that everything will probably crash when they release this vaccine.
If everyone did what Sweden did we would not be in this problem at all, but I guess big players and pharmafia need to earn money also.
Kiyosaki does say that Gold, Silver and Bitcoin are best investments long term, and I would agree with him.

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September 17, 2020, 12:12:07 AM
 #23

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
yeah completely agree with mk4 and others....bitcoin crashed with the stock market and recovered with the stock market. It is doing well but nothing like 2017 bubble so dip maybe but it will be more of the usual volatility 'hiccups' bitcoin experiences regularly.   I hope it ;crashes;... I will be first in line to buy on the short term dip.  Cool
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September 17, 2020, 12:25:15 AM
 #24

I've been also speculating what might happen, if a vaccine is develop. It may influence the Bitcoin price as businesses reopens and people has plenty of products to buy on, and they'll be going back to their normal lives and jobs, forgetting the word Cryptocurrency. But i guess, it may think more than a year to finally make a vaccine, that time we'll be seeing Bitcoin already in ATH.

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September 17, 2020, 12:29:13 AM
 #25

~
He shared this because he truly believes that these 3 assets will be a good investment for the long term.

We know already that Kiyosaki is a supporter when it comes to these 3 assets and he is saying this because he wants us to have some profits in the long term. He is right too. US is in a massive debt and currently the most country with debts so holding and saving USD if you are in US are bullshit and better invest it into these 3.

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September 17, 2020, 12:41:45 AM
 #26

Perhaps there will be a dip as some of those who bought bitcoin will surely cash out and allocate their money on the reopening of businesses and some may even use their holdings as a capital for a new business to replace those who were shut down permanently by the pandemic. While there is a possibility that bitcoin and the crypto market will see a dip by then, I still believe that these same assets will be one of the best performing ones in the years to come, assuming that the accumulated debt due to the pandemic will worsen things up and governments will have to implement strict financial measures to mitigate the damage.

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September 17, 2020, 01:44:22 AM
 #27

I wouldn't really call it a crash though, most would just probably move back to investing into companies that were hit by the crash last few months, then that should be it. There's still the incoming crash of the US dollar that I believe most investors would know, so leaving the safef havens of Bitcoin and others would probably prove detrimental in the long run. Still, that dip would still be enough of a reason for profit to come, so if and just if people actually sold following the dip, said dip may actually go lower than expected.

I don't understand the reasoning here as well why bitcoin will crash once covid vaccine is available. People should be more confident now to invest as jobs will get back to normal again. And since a lot of people come to know the existence of bitcoin or crypto during this pandemic, they will have more chance to invest once their job is restored.
Jobs being restored doesn't really equate to being able to invest though? It'd probably take a few months for households to actually return to their standard expenditure, and to actually save up for investments. Plus, most people don't even invest, heck they even have debts so it'd take some time for people to actually leave their debt status. As for those that are able to invest, they should've already been investing since back then so I doubt jobs returning would make a difference.

R


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September 17, 2020, 04:42:19 AM
 #28

Do you remember when the World Health Organization (WHO) announced that it is a pandemic, the global financial markets were crashed terrible and crypto market had the most terrible crash in latest years?
Quote
WHO announced COVID-19 outbreak as a pandemic on 11 March 2020.
https://www.euro.who.int/en/health-topics/health-emergencies/coronavirus-covid-19

A few months later, the pandemic has become worse and worse but no one are talking about it and price of bitcoin and altcoins are in bullish.

Now or in the future, why such news that the pandemic is over (with vaccination), the price of bitcoin will be dipped?

I agree it is how news works but seriously just be woke!

Such news work as SECs' potential approval or disapproval on Bitcoin ETFs.  Grin

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September 17, 2020, 05:03:51 AM
 #29

Do you remember when the World Health Organization (WHO) announced that it is a pandemic, the global financial markets were crashed terrible and crypto market had the most terrible crash in latest years?

A few months later, the pandemic has become worse and worse but no one are talking about it and price of bitcoin and altcoins are in bullish.

Now or in the future, why such news that the pandemic is over (with vaccination), the price of bitcoin will be dipped?
your wrong . the pandemic talks or the covid19 virus talks had never been stopped but its always on the trend whether on social media , news ,and locals but your right  with your point your comparing the past the and future events  . past events are so bad but crypto values manage to rise and thats not whats written on the plan so why you should be scare when theres an incoming positive news , dont tell me that the effect were reversed too ? please not
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September 17, 2020, 05:14:53 AM
 #30

I don't see any correlation between the advent of the coronavirus vaccine and the subsequent fall in the price of bitcoin. A victory over the coronavirus pandemic should revive the global economy and give impetus to the further growth of the cryptocurrency market. In any case, the price of bitcoin should not fall with the advent of the vaccine. It is unlikely that people will show much interest in purchasing this vaccine. In my country, a survey was conducted and about 70 percent of people said they did not see a big threat to their lives from the spread of the coronavirus.

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September 17, 2020, 06:13:40 AM
 #31

A dip is at least more to be expected when this happens, many people will surely convert their bitcoin to fiats making tons of sell orders which will drag down the price for a while. We can only fear bitcoin price going down I think if this pandemic will keep on going on.
It will surely take a long time till we get a vaccine for sure, until then we can speculate and hope for the best.

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September 17, 2020, 06:26:24 AM
 #32

I believe it's a possibility, especially when it's confirmed. Once the trials have been passed, all the experiments are done, and the WHO declaring it safe and secure, all the governments would come together and purchase that vaccine. With that in mind, they need liquidity and turn their assets into cash. It will cause a crash once they liquidate their holdings for the buying of the vaccine. It's the same for the people. People need money in order to buy the vaccine, and they would liquidate their assets as well. They are looking forward to that crash and if that would happen it's a discount for Bitcoin, and if you follow the advice of Kiyosaki, buy Gold as well.

The economic effects are what I'm worried about. With that kind of debt, all around the world, what would happen to the people?

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September 17, 2020, 07:16:51 AM
 #33

A dip is at least more to be expected when this happens, many people will surely convert their bitcoin to fiats making tons of sell orders which will drag down the price for a while. We can only fear bitcoin price going down I think if this pandemic will keep on going on.
It will surely take a long time till we get a vaccine for sure, until then we can speculate and hope for the best.

A few days ago I saw a colleague's Twitter post about vaccines that have been used in China and now they no longer use mask protection because it has been successful, but I hope this information is correct and it will certainly be exciting for other countries.

But regarding the price reduction, I feel that there is no significant impact happening with this pandemic relationship, because it has happened several times and continues to be like that. There is no need to worry about this because in time the price will go up again. certainly there is no direct connection with the pandemic. we are just waiting for the time that the increase will occur.

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September 17, 2020, 07:21:14 AM
 #34

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt.

I don't think is possible that approved of corona virus vaccines can enhanced Gold, Silver and bitcoin stability,because the finance for researching of the vaccines is government responsibility, so how would it affect bitcoin if it happened to be proved.



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September 17, 2020, 07:34:11 AM
Merited by Lordhermes (1)
 #35

What I'm still trying to understand is why a possible cure to a disease that kept the whole worlds economy in lockdown to also cause a crash in the economy when the cure or prevention is been discovered. Without much thinking the possible outcome should be the world economy will start picking up since there won't be panic among the people to some extent knowing fully well the pandemic isn't as deadly as we presumed. If the assumption is that bitcoin would crash as a result of liquidity been dissolved to Invest in other regulated areas like commodities, stock and natural resource that I'll be understandable but then that's unlikely to happen.

Because during the pandemic we thought bitcoin would dump hugely. But it happened reverse trend, although it was dumped for a while, but overall bitcoin has shown a strong resistance.

This might just be my thoughts but I think bitcoin was affected massively, it dropped almost 50% or more and took down all altcoins with it. Although the market recoverd but it wasn't only the cryptocurrencies industry and also it leading the chart of recovering market had a  major boost from DeFi hype that made the market bullish again. Irrespective if this, if you observe carefully you can still see some fear in the market as the re-trace keep happening every now and then.

It makes more sense when save heaven assets like Gold are predicted to restand such scenario, the government are in debts obviously which result to bankruptcy, then the citizens turns to other realized assets like Gold to save their funds which creates more demand that pushes the price upward.

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September 17, 2020, 07:34:41 AM
Last edit: September 17, 2020, 08:12:48 AM by NeuroticFish
 #36

With that in mind, they need liquidity and turn their assets into cash. It will cause a crash once they liquidate their holdings for the buying of the vaccine.

1. I've read papers telling that vaccine is expected to be rather cheap. Under 20 EUR or maybe even under 10 EUR. And this is said by the farma companies.
This means that maybe it's expensive for governments, but not for individuals. Governments don't sell gold, they just print more paper.
2. Even if it'll be a "crash", it'll be a bear trap.
3. If the governments need even more money then the fiat will be diluted even more, so I expect gold, silver, bitcoin actually rise. Even the govts of the countries with stronger economies, if they want to get to strengthen their currency, they'll need time (good/stable/profitable working time) so I'm not worried of sudden crash.


Edit:  (I forgot to write) Most probably the vaccine will be flu-vaccine-like: you'll have to take one every now and then. I have more hopes in something like this than the currently developed vaccines.

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September 17, 2020, 08:01:02 AM
 #37

Then it's a good opportunity to buy and to reinvest. It's really possible that it would gonna dump but a good lnvestor/trader will always have a good plan when sudden crash happens. Like cut losses, stop loss or even continue to hold.
 It's really good if they'll gonna produce and formulate this vaccine. We suffered a lot because of this COVID-19, and if ever this will gonna affect bitcoin market then it may handel that situation as bitcoin market is alwaya volatile. What important is the health of the people and bitcoin will always find a way to go up.
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September 17, 2020, 08:47:40 AM
 #38

If I'm not mistaken, I had read the News about "Vaccines destroy Bitcoin" in August 2020.

I had to pick it up again for clarity on the vaccine.

Bitcoin will not be destroyed. It's just a matter of pros and cons, wanting to show power in the eyes of the world.

Did Russian COVID-19 Vaccine News Crash Bitcoin and Gold Prices?
Quote
Meanwhile, although several other factors than a COVID-19 vaccine may have been the primary driver for the gold sell-off, including modest outflows from gold-backed ETFs (exchange-traded funds) and an unusually overbought reading on the Relative Strength Index (RSI), it seems that hopes for a quicker economic recovery have put some pressure on gold in the short-term.

Many scientists who oppose the Russian issue of the vaccine certificate.

Russia’s approval of a COVID-19 vaccine is less than meets the press release
Quote
But the certificate stipulates that the vaccine cannot be used widely until 1 January 2021, presumably after larger clinical trials have been completed.

Scientists around the world immediately denounced the certification as premature and inappropriate, as the Gamaleya vaccine has yet to complete a trial that convincingly shows it is safe and effective in a large group of people. Even some within Russia challenged the move. “It's ridiculous,” says Svetlana Zavidova, a lawyer who heads the Association of Clinical Research Organizations in Russia. “I feel only shame for our country.” Zavidova, who has worked on clinical trials for 20 years and anticipated the approval, yesterday sent an appeal to the Ministry of Health to postpone registering the vaccine until proper efficacy trials are completed. “Accelerated registration will no longer make Russia a leader in this race, it will only expose end users of the vaccine, citizens of the country of the Russian Federation, to unnecessary danger,” she wrote on behalf of the clinical research group.

I think all this News many countries are against about the emergence of Vaccines, it is not clear.

Undoubtedly as said by: zasad@ the best opportunity to invest in Bitcoin in the long run.

R


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September 17, 2020, 09:24:56 AM
 #39

Bitcoin is going to crash and recover and crash and recover again. You need to watch the long term trend of the lows, and not the highs. It's only association with viruses, and mortgage repossessions and the like, is the fact that they are being used to create bear squeezes to allow the bankers to harvest Bitcoins.

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September 17, 2020, 10:31:38 AM
 #40

I don't think is possible that approved of corona virus vaccines can enhanced Gold, Silver and bitcoin stability,because the finance for researching of the vaccines is government responsibility, so how would it affect bitcoin if it happened to be proved.
There are still connection here.
Remember when coronavirus started to spread all over the world? There are massive dumps happened in all the market, cryptocurrency markets or stocks.
But what Bitcoin did, Bitcoin was managed to recover immediately.
I also agree with this, a crash again if COVID-19 will have a vaccine soon, just what like happened before when coronavirus started.

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September 17, 2020, 10:54:20 AM
 #41

I am a fan of this guy, I used to read his books but I have to disagree with him this time.
His prediction could be wrong because bitcoin is a strong asset, it might dip but it will not crash.

Some prediction says that bitcoin will crash during the pandemic as people will not invest since they will focus on their needs, but look what happen, we are seeing the opposite, our market now is very progressive, so I believe he will be wrong.
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September 17, 2020, 10:55:57 AM
 #42

Why do you think that the corona virus vaccine will make bitcoin crash ?
While it does seem like a possibility that the people will start investing in stocks again to grab the opportunity to gain high profits when the economy recovers but that doesn't mean bitcoin will crash. The price might fall back a little because there are people who switched to bitcoin in the pandemic and they might return to stocks but more than that it is those people who hold and trade bitcoin from a long time. They won't panic sell their bitcoins and hence it is quite known that bitcoin will not crash but might dip a little. Besides that we have seen bigger crashes through the bitcoin history.
It can't get worse than that  Grin

Though people might invest in stock market after the pandemic, I guess they are too late to do that. Many stocks recently had been plummet and decrease months after the pandemic hits and it was being slowly stable after months of various changes and adoption to such changes in the quarantine and by those companies limitations.

Even if the world would find a vaccine, I don't see any solid nor strong correlation with its price and the healing of the world. Isn't it a much possible that Bitcoin would rather increase due to many companies, businesses, and people that have learned to do social distancing and be with a new normal where transaction and payment would rather not be with the use of fiat but rather through electric and digital transactions?
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September 17, 2020, 12:08:47 PM
 #43

I am a fan of this guy, I used to read his books but I have to disagree with him this time.
His prediction could be wrong because bitcoin is a strong asset, it might dip but it will not crash.

Some prediction says that bitcoin will crash during the pandemic as people will not invest since they will focus on their needs, but look what happen, we are seeing the opposite, our market now is very progressive, so I believe he will be wrong.
I want to understand the price crash in gold but not in bitcoin. Factors that affect cash flow into gold is quite different, more also is the type of investors and traders in gold, gold have old investors and most investment are due to the pandemic. Bitcoin has a different type of approach from investors and the type of investors also, the cycle in bitcoin and the size community gives a different cycle of price movement.
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September 17, 2020, 01:29:23 PM
 #44

Maybe a Yes or maybe a No. Well, I won't be surprised if btc and the rest of the alts drop significantly once the vaccine finally invented; you know, like the old setting before this pandemic happen. It's because people are now free to move again, they will now have the chance to focus on their usual means of earning (particularly going to work) and avoid such risky investment.

But you know what, it was a good deal after all. It's okay for me to come back to a slow market progress as long as we can finally eradicate the virus in return Smiley.   
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September 17, 2020, 01:42:27 PM
Last edit: September 17, 2020, 03:17:33 PM by stompix
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 #45

What's the reasoning here? That the pandemic is behind Bitcoin recent growth, so vaccine would cause the opposite reaction?

His reasoning is pretty simple, and it's tied to one of the beliefs of die-hard bitcoins that if the end of the world will come eveyne will ditch fiat and switch to bitcoin.
Since a vaccine means that the end of the world will not come from this virus, it will also mean that this scenario will not happen.

Oh, and if you find it ridiculous, just search though posts from March and April, everyone was saying that all the economies and all governments will crash and bitcoin is our saviour.  Grin, this is just one sample: Coronavirus is very harmful to fiat currencies, not bitcoin Of course, the dip that happened afterwards to 4k silenced a lot of them but the diehard are still on the barricades.

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September 17, 2020, 02:08:19 PM
 #46

Oh, and if you find it ridiculous, just search though posts from March and April, everyone was saying that all the economies and all governments will crash and bitcoin is our saviour.  Grin, this is just one sample: Coronavirus is very harmful to fiat currencies, not bitcoin Of course, the dip that happened afterwards to 4k silenced a lot of them but the diehard are still on the barricades.

Sadly, some part of Bitcoin community just can't acknowledge that majority of people outside of Bitcoin are viewing it as a risky speculative investment rather than a store of value on par or even better than gold. And who invests in risky investments in times of a crisis? No one.

It's not even important to argue whether Bitcoin actually a store of value or not, because what's important is how people perceive it.

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September 17, 2020, 02:09:27 PM
 #47

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."

https://www.usdebtclock.org/


Personally i am not agree with it. Because i think there is no connection with corona vaccine to crypto market. On the other hand i can think people are being familiar with BTC or crypto currency with this period of time and there will be more connectivity after vaccine come as much people make investment in this sector. So we can not be hopeless but be positive about market.

thanks.
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September 17, 2020, 02:11:52 PM
 #48

Perhaps this will happen, or perhaps not. Too much is predicted today about the future of bitcoin. Kiyosaki invites everyone to buy bitcoin, but at the same time predicts its fall. Surely, the best time to buy bitcoin, he said, will be when the vaccine is produced. For me, a valuable piece of advice from Kiyosaki is that, despite any crises, he continues to advise investing in bitcoin.
Recent WHO news says the pandemic may not end in the next 2-3 years. Accordingly, Kiyosaki can make such predictions annually. How many times have predicted the fall of bitcoin, but despite everything, it continues to grow.

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September 17, 2020, 02:28:16 PM
 #49

I don't think too serious about his statement, but I am trying to prepare myself for any bad things that might happen later. He can say anything he wants, but we don't know if his statement will happen in the future. It is just speculation because many people are free to speculate on global situations these days. I'd rather keep trying to search the opportunity and preparing myself than to think about that. We need to stay calm if we read similar news to think about how to have another way to save ourselves.

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September 17, 2020, 02:32:57 PM
 #50

I don't see anything that worries us so much about the discovery of the COVID-19 vaccine. Because at the beginning of the epidemic the price of bitcoin was dropped for a short time; But overall Bitcoin has shown a strong resistance. While we don't know what will happen when effective vaccines are discovered and marketed, I think any side effects will go away very quickly; Because the corona virus will turn the next world economy around, people's incomes will increase, they will increase spending on personal life as well as increase investment in crypto.

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September 17, 2020, 03:11:40 PM
 #51

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity.

it reminds me of when the USA killed the general of Iran and many people started to think that there would be a world war and the bitcoin price started to increase a lot because many people thought that with the war all assets would fall and investors would look for bitcoin to be able to save of losses. funny that it worked to the point that the price reached $10,000, then came the news that the virus is becoming a pandemic and caused the price to fall, but again people came back with the belief that bitcoin and the savior of the world and started to buy many bitcoins thinking that with this virus everyone would use bitcoin because using Fiat was dangerous, and the price increased a lot, I will not be surprised if when everyone starts to be vaccinated the bitcoin price starts to fall a lot

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September 17, 2020, 04:10:55 PM
 #52

Covid caused the crash in March and the cure for covid will cause Bitcoin to crash too? So by this analysis, anything that happens will only cause Bitcoin to crash.

Ok I don't buy Bitcoin then because I know it's going to crash.

https://www.youtube.com/watch?v=XbZ8zDpX2Mg
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September 17, 2020, 04:17:24 PM
 #53

Covid-19 has made a big crash in the economic situation in most of the countries. Price crash with bitcoin won't happen just because of the vaccine production. During the pandemic lockdown the price of bitcoin grew high when stocks fell low to the bottom. This means bitcoin market isn't reactive to the world market. Based on this I don't think there is more chance for market crash of bitcoin on the production of covid vaccine.

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September 17, 2020, 04:19:54 PM
 #54

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/





We could see a new dip but I don't think that gold, silver or Bitcoin will crash. I understand the crash that happened when COVID-19 started. But this doesn't mean that the same will happen for COVID-19 vaccine too.

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September 17, 2020, 04:43:44 PM
 #55

Are you trying to say that people are going to start selling their bitcoins and investing the money in the stocks and buying vaccines?
We can’t be so sure about that, and if it does happen the price of Bitcoin will reduce, but it still doesn’t mean an end.

You’re also forgetting that there are always some billionaires that are waiting out for Bitcoin to crash all the time so they can invest, if the price should fall, most of these people are even going to see it more as an opportunity and they will start investing again, just as they did when the pandemic started and the market price crashed. And moreover not everyone will be buying the vaccine, so don’t think it’s going to be as Kiyosaki said.

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September 17, 2020, 05:27:10 PM
 #56

Are you trying to say that people are going to start selling their bitcoins and investing the money in the stocks and buying vaccines?
We can’t be so sure about that, and if it does happen the price of Bitcoin will reduce, but it still doesn’t mean an end.

You’re also forgetting that there are always some billionaires that are waiting out for Bitcoin to crash all the time so they can invest, if the price should fall, most of these people are even going to see it more as an opportunity and they will start investing again, just as they did when the pandemic started and the market price crashed. And moreover not everyone will be buying the vaccine, so don’t think it’s going to be as Kiyosaki said.
I don't know about paid vaccines and their prices, but in Russia the Minister of Health spoke about compulsory vaccination for tourists, it will be free for them. Also, this vaccine is necessary for all people, and after the pandemic, many people lost their jobs or went bankrupt, and if the vaccine is very expensive, many people simply cannot afford it, what's the point? I also really doubt that people will have to sell bitcoins for the vaccine.
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September 17, 2020, 05:39:04 PM
 #57

Not really a crash because people not really need to sell their cryptos or gold to buy vaccines, maybe we can see subsidies from the government if they are extremely poor and that class people may not really have bitcoins in their holding probably nothing.

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September 17, 2020, 06:02:24 PM
 #58

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/

Honestly, I don't think a COVID-19 vaccine will cause a Bitcoin crash. Instead, it'll be the end of a repetitive hype cycle in the short term. Prices will go down for sure, but not to a point where Bitcoin becomes worthless. Perhaps, Bitcoin will be sitting between the $6k - $7k range after a vaccine is discovered. It could be a great buying opportunity to make some profit in the long term. Considering that precious metals like Gold and Silver will experience a decline in price as well, you could invest money on them to selling them during times of turmoil.

No matter what happens in the mainstream world, Bitcoin will be alive and running for many generations. It's already been proven to be quite resilient against external attacks. Decentralization is what gives Bitcoin value above all else. As long as people find it to be a useful alternative monetary system to traditional banks, Bitcoin will never go down. Naysayers and mainstream media are spreading "FUD" about Bitcoin by saying that a COVID-19 vaccine will "pop the bubble". But we know, that won't be the case. Bitcoin is the future of money that will change the world's economy for the better. With governments and central banks expressing their interest in CBDCs (Central Bank Digital Currencies), it should only be a matter of time before Blockchain technology becomes an integral part of our daily lives. Needless to say, I hope we get a COVID-19 vaccine in the least time possible to help restore the world's economy to its original levels. Just my opinion Smiley

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September 17, 2020, 08:49:23 PM
 #59

I have confidence that the COVID-19 vaccine will not make Bitcoin crash, because there is no reason Bitcoin holders sell all their Bitcoin,
when the vaccine was found. It is true that there is a possibility that Bitcoin holders will return to investing in stocks, if the vaccine is proven.
But all Bitcoin will not be transferred to stocks, so it will not make Bitcoin crash. Bitcoin has only experienced a deep decline, and it won't
take long, either. Because there must be some whales who take advantage of the decline in Bitcoin to buy Bitcoin. So this can make the Bitcoin
price go up again.

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September 17, 2020, 09:42:28 PM
 #60

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

I don't agree with you about this.

Maybe if Bitcoin was going up during the pandemic, but it actually crashed when it begun in Spring.

Before the pandemic the price was at 10 thousand and went to 4 and back to 10 in the next 6 months. Without the pandemic we could say that there wouldn't be a crash and Bitcoin would be going up from March to at least 14 thousand, a short term top from last year.

It was mirroring S&P and it will be mirrorring it when covid ends.
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September 18, 2020, 11:22:54 AM
 #61

Experts say that the price of bitcoin is highly correlated with the price of gold and the S&P 500 index.
By the same logic, we can say that the bitcoin price will move behind these indices. There are a lot of bubbles in the financial market now and the prices of companies do not correspond to reality.
According to some opinions, the situation due to the pandemic is now much worse than at the beginning of the year.
I am waiting for new restrictions and new falls in the market.

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September 19, 2020, 06:52:30 AM
 #62

We are still even clueless of what will be the effect of the discovery of the covid-19 vaccine for the first place, up to this moment there are still held clinical trials across different nation so there is still no proven vaccine among those discovered vaccine up to this point of time. We are still not sure that the presence of the vaccine would do a crash on Bitcoin for the modern technology now become a part of people daily life basis and ordinary people have already treated crypto market to be their safe haven for the fact that on the current situation, the devastating damage was directly on the stock market so for sure that while there is no assurance for the cure of proven vaccine to end up the pandemic, people will still remain into the side of their investment into Bitcoin and they will get used to it for quite some time since it has been already a couple of months that the stock market is struggling. It would still take time for the discovery of the vaccine so it is not our concern for now and for sure people would take into consideration keeping their investments in Bitcoin for they have already testified the importance of engagement into crypto market now that the stock marker is seriously affected by this pandemic. They would surely keep an assurance to have both investments on stock and crypto market so that they have something up to if ever another crisis like this would happen.

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September 19, 2020, 07:53:03 AM
 #63

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

I agree, most likely there will be a fall, but not complete death. People in critical moments usually turn to more familiar and familiar tools, and therefore more reliable for them. Bitcoin and cryptocurrencies in General are not yet such a tool (except for some units). Perhaps this will change in the near future with the growth of the digital world, but it is too early to guess.

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September 19, 2020, 10:10:43 AM
 #64

I disagree with his argument. If Bitcoin has helped people weather the pandemic then why not accumulate more to prevent a similar event. For example, natural disasters, floods, earthquakes, tsunamis ...
Bitcoin is doing a great job of holding value and transferring money, and it will continue to do so. Companies are eyeing bitcoin right now, and some have bought bitcoins in reserve for their funds.
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September 19, 2020, 10:41:01 AM
 #65

"Crash" is not appropriate i think?but will Dump i guess,In march when the pandemic was started to be labeled,Crypto dumped badly but only for specific days or week then after gain again and reached the highest we have since 2019.

So for me,after the vaccine proves to be successful ,the market will play low for a while but surely recovered in the next weeks or month.

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September 19, 2020, 10:56:24 AM
 #66

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

That's along the lines of my thinking. I don't see BTC being much affected by the halt of the pandemic. The market isn't that neatly tided to that economy as most people who invested in this market are unlikely to want to take their money out to pour into investments outside of crypto. While there  might be a small dip the market is unlikely to crush but undoubtedly there will be a small downtrend.





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September 19, 2020, 11:13:53 AM
 #67

I don't think that the COVID-19 Vaccine will make the bitcoin crash because as what we all know the price of the bitcoin falls up to $3900 before when the pandemic started but it recovers so quick and stays for long weeks with$6-8k and it pumped up to $13000 it all happens while the pandemic is still there, my point here is that even though the vaccine is there and the people will invest in stock it won't still affect the price of the bitcoin, it won't make it low because there are so many people who are investing and trading in bitcoin with all their trust.

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September 19, 2020, 11:31:50 AM
 #68

This is a completely baseless assumption. There's no data that would suggest the vaccine would have an effect on Bitcoin. Also, it will take years before a successfully tested vaccine is distributed around the world. By that time most of us will have gone through it and become immune at least until it mutates into a new strain.

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September 19, 2020, 11:47:54 AM
 #69

I have confidence that the COVID-19 vaccine will not make Bitcoin crash, because there is no reason Bitcoin holders sell all their Bitcoin,
when the vaccine was found. It is true that there is a possibility that Bitcoin holders will return to investing in stocks, if the vaccine is proven.
But all Bitcoin will not be transferred to stocks, so it will not make Bitcoin crash. Bitcoin has only experienced a deep decline, and it won't
take long, either. Because there must be some whales who take advantage of the decline in Bitcoin to buy Bitcoin. So this can make the Bitcoin
price go up again.
Your comment is on point I don't subscribe to the notion that COVID-19 vaccine will result to crash in the price of bitcoin, although investors sentiments will change i.e diversion of investment from cryptos to other sectors however price of bitcoin had always defies any form of analysis that is based on sentiments even in this pandemic period many people had lost their jobs and a lot of businesses had closed down despite that bitcoin still waxes stronger.
COVID-19 vaccine will open up business and jobs will be created things will go back to normal hence I foresee more bitcoin investors invariably its price climbing I don't think there is any cause for any alarm invest wisely.

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September 19, 2020, 11:59:37 AM
 #70

Blockchain and Bitcoin are hear for stay, Covid-19 just  sped up adoption. In my opinion.

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September 19, 2020, 12:10:37 PM
 #71

Blockchain and Bitcoin are hear for stay, Covid-19 just  sped up adoption. In my opinion.
Maybe, I thought that bitcoin will going to fall in market as like what happen to the establishment outside. More and more establishment are closing but bitcoin remain strong. This is why I had said maybe for it could be possible that due to covid19 bitcoin adaptation had grown. Since most of the transactions now are online and bitcoin comes in that made possible to make bitcoin market stronger.
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September 19, 2020, 12:17:55 PM
 #72

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/





Can anyone tell me what COVID-19 vaccine had to do with Bitcoin's price? To me, there are several factors behind Bitcoin's price pump and dump. I honestly think that Bitcoin's price surge is not because of the COVID-19 pandemic. We can't even predict Bitcoin on when it's going to pump or crash because the market's so unpredictable. We just have to equip ourselves with proper risk management and our emotions must be stronger through a different perspective in case the market goes down.

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September 19, 2020, 12:27:31 PM
 #73

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/





Can anyone tell me what COVID-19 vaccine had to do with Bitcoin's price? To me, there are several factors behind Bitcoin's price pump and dump. I honestly think that Bitcoin's price surge is not because of the COVID-19 pandemic. We can't even predict Bitcoin on when it's going to pump or crash because the market's so unpredictable. We just have to equip ourselves with proper risk management and our emotions must be stronger through a different perspective in case the market goes down.
I think when the vaccine is out in the market already, it will definitely affect the bitcoin's price because we all know that a lot of people has been infected of covid 19 and we are suffering for almost a year with this pandemic and for sure a lot of people will buy the vaccine to cure their shelves or their family.
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September 19, 2020, 12:45:59 PM
 #74

I thin Bitcoin will not crash cause if any vaccine proven in human body people will not sell his coin to buy bitcoin .If any vaccine proven then it will be need to low cost or WHO will manage to give it with low of cost globally either this vaccine will not be proven to use largely.

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September 19, 2020, 09:23:20 PM
 #75

I think with the current covid-19 pandemic that we are experiencing right  now that causes the severe damage on different sectors and massively affects the stock market compared to crypto market that have not directly affected by the situation, Bitcoin all along with the whole crypto market have proven its worth already and testified itself to the public about its importance at times like this. Even if the vaccine that will end this pandemic will soon to be found, I think Bitcoin will not crash to think that people have already become familiar and used to it for it become their companion at months that the world is suffering on the negative effects that the pandemic have brought to us. People have already realized and recognized Bitcoin's worth and surely they will still stay if ever the stock market recovers and stabilizes. They would might consider having investment at both stock market and crypto market for assurance if ever something like this pandemic would arise for the fact that people are always learning and preparing so that the same crisis will be lessen the possibility to make happen again.
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September 19, 2020, 09:54:45 PM
 #76

I have made an article about what the code of coronavirus vaccine will be before on politics and society board.

5. How much will it cost?
While billions of dollars are being invested in vaccine development, millions more are being pledged to buy and supply the vaccine. Prices per dose depend on the type of vaccine, the manufacturer and the number of doses ordered. Pharmaceutical company Moderna, for example, is reportedly selling access to its potential vaccine at between $32 and $37 a dose (£24 to £28). AstraZeneca, on the other hand has said it will supply its vaccine "at cost" - or a few dollars per dose - during the pandemic. The Serum Institute of India (SSI), the world's largest vaccine manufacturer by volume, is being backed by $150m from Gavi and the Bill & Melinda Gates Foundation to make and deliver up to 100 million doses of the successful Covid-19 vaccines for India and low- and middle-income countries. They say the ceiling price will be $3 (£2.28) a dose. But patients receiving the vaccine are unlikely to be charged in most cases. In the UK, mass distribution will be via the NHS health service. Student doctors and nurses, dentists and vets could be trained to back up existing NHS staff in administering the jab en masse. Consultation is currently under way. Other countries, such as Australia, have said they will offer free doses to their population. People receiving vaccines via humanitarian organisations - a vital cog in the global distribution wheel - will not be charged. In the US, while the shot might be free, healthcare professionals could charge for administering the jab - leaving uninsured Americans possibly facing a vaccine bill.

People are not ready to even use the vaccine not to talk of buying it. With time, the vaccine will be free or have low cost. Do not think that people will take from their bitcoin to buy the vaccine too, and if there is, it will be negligible compared to bitcoin marketcap. Do not reason the vaccine will have any effect at all, imo.

I also don't see much effect happening with the vaccine if the world has not crashed till this time. For about a year the world has suffered and survived living with it, yet no vaccine. I guess the money spent on getting the vaccine will be more avenue for some to keep enriching their selves more.

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September 19, 2020, 09:58:37 PM
 #77

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/





Bitcoin will not crash when there will be a successful announcement and launch of covid 19 vaccine. I think bitcoin will further move up at that time. This will be a good news and it will confirm that we are back to normal life. I think more people will invest when this news come out and Bitcoin, gold and stock market will flourish more with this good news.









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September 20, 2020, 08:29:54 AM
 #78

I don't because corporations are now paying more attention to bitcoin after the pandemic, and so are everyone.
Currently, the bitcoin mining hashrate is at an all-time high. Miners will not let bitcoins fall in price because that means losses.
I don't believe bitcoin will depreciate after the pandemic.

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September 20, 2020, 01:07:09 PM
 #79

OP is saying in his post that the ballooning US federal debt is a big problem. When that is the case, how do you expect the bullion and cryptocurrency prices to crash once we have an effective vaccine? And another thing is that none of the potential vaccines have completed their phase III trials. So we are at least 6 months away from a vaccine being available in the market and mass vaccination will take another 1-1.5 years. 
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September 20, 2020, 02:41:38 PM
 #80

We can`t really predict what happens in bitcoin when vaccine will launch all over the world. It may be an open opportunity to use bitcoin as means of payment and it might turn on also to other investors in companies or corporations again as preparation for slow development and recovery. We don`t know aside from it makes a great impact with the price in regards with crypto or stocks.

I don't because corporations are now paying more attention to bitcoin after the pandemic, and so are everyone.
Currently, the bitcoin mining hashrate is at an all-time high. Miners will not let bitcoins fall in price because that means losses.
I don't believe bitcoin will depreciate after the pandemic.

Bitcoin mining hashrate does not yet affected much the price of bitcoin. Miners cannot also dictate the price of bitcoin rather than the market players who control the price. Yes, it might not depreciate much after this pandemic, but we just be ready when it will happen.

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September 20, 2020, 04:43:32 PM
 #81

There may be a correction in the stock market, because many of the shares have gone up by as much as 100% during the last 6 months. Gold prices also appreciated by around 40%. But Bitcoin was relatively stable. Compared to the prices 6 months ago, the current rates doesn't show much difference. On the other hand, some of the altcoins went up significantly during this period. So if a correction occurs, it is going to be limited to the alts. Bitcoin on the other hand, looks under-priced. We didn't had a spike after the block reward halving in May.
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September 20, 2020, 06:11:17 PM
 #82

We can`t really predict what happens in bitcoin when vaccine will launch all over the world. It may be an open opportunity to use bitcoin as means of payment and it might turn on also to other investors in companies or corporations again as preparation for slow development and recovery. We don`t know aside from it makes a great impact with the price in regards with crypto or stocks.

I don't because corporations are now paying more attention to bitcoin after the pandemic, and so are everyone.
Currently, the bitcoin mining hashrate is at an all-time high. Miners will not let bitcoins fall in price because that means losses.
I don't believe bitcoin will depreciate after the pandemic.

Bitcoin mining hashrate does not yet affected much the price of bitcoin. Miners cannot also dictate the price of bitcoin rather than the market players who control the price. Yes, it might not depreciate much after this pandemic, but we just be ready when it will happen.

I totally agree that we cannot predict what could happen when that corona vaccine launched or how it is going to affect the market price of bitcoin.

My opinion here is bitcoin experienced a big dump when the coronavirus exploded around the world and also affected the economy of a lot of countries and also the stocks are down.

When the corona vaccine becomes available around the world for sure its easily going to eliminate coronavirus. Meaning there is no need for a lockdown anymore also jobs and business are going back. It is going to affect the economy and give it back to normal. And I think it is going to potential boost the bitcoin and increases its market price when the vaccine launched.

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September 20, 2020, 06:59:22 PM
 #83

No one even knows whether corona is real or a fake thing ( despite of the highest number daily infection rate the situation getting normal in our country. If you watch TV it seems all are going to infected in few days but if you go to the market it seems corona is gone ).  

Let us assume that corona is real, then also no one can assure that the vaccine will come in the future. The work of the vaccine is progress though and Russia has already vaccinated some of their citizens. AS the spread rate is too high it is possible that the countries will achove the hard immunity before the vaccine came. In that case, you question is irrelevant. And if any vaccine comes then there will be some changes in the market and the economy but it is hard to predict what affect it will have in BTC.


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September 21, 2020, 05:38:13 PM
 #84

This is a completely baseless assumption. There's no data that would suggest the vaccine would have an effect on Bitcoin. Also, it will take years before a successfully tested vaccine is distributed around the world. By that time most of us will have gone through it and become immune at least until it mutates into a new strain.

Exactly. This is nothing more than naysayers spreading FUD about Bitcoin across mainstream media. A vaccine could take quite some time before it's launched to the public. A lot of tests need to be made in order to ensure the vaccine is effective against the novel disease. Once it's released, prices might go back to their pre-COVID levels but not to a point where there's a crash on the market. Bitcoin, Gold, and other commodities/assets will experience a slightly reduced demand as Fiat rises to its former glory. It could be a great buying opportunity to grow your investment within turbulent times. Bitcoin will do fine with or without COVID-19 because of its decentralized and censorship-resistant design. As the pioneer cryptocurrency faces a global economic shutdown for the first time in its history, we'll see its level of resiliency throughout time. So far, it's been doing great bouncing back to $12k in price after a month of turbulence. With crypto gaining popularity during these pandemic times, it's expected that Bitcoin will still be in the spotlight even after a vaccine is found.

Nonetheless, it seems to me that Bitcoin will last a lifetime. The fact that it's the most decentralized cryptocurrency in the world with a limited supply, tell us that its price will grow for the foreseeable future. Bitcoin will not crash after a COVID-19 vaccine. Instead, it'll continue to grow at a slow and steady pace as governments and central banks launch CBDCs to the public. The introduction of "Fiat digitalization" will make Bitcoin a true winner in the world's economic landscape. Only those people who don't believe in Bitcoin will say otherwise. Just my thoughts Grin

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September 21, 2020, 05:50:51 PM
 #85

You should not believe on the words that is coming out from this man. Kiyosaki has proven to be not the good investor as what he wants us to see he has owned a lot of companies that had went bankrupt and is a well known supporter of Bitcoin, predicting that Bitcoin will fall and following up with some other statements just to make it look real. Kiyosaki has thousands of followers and he is just using it and try to influence the market once this even will happen. That's why don't believe on what he is saying as the FUD behind it will just make it real.
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September 21, 2020, 05:51:32 PM
 #86

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.
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October 05, 2020, 06:34:59 PM
 #87

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.

The vaccine could cause a bloodbath in Bitcoin's prices, but not to a point where Bitcoin will crash all the way to zero. This is largely because the pioneer cryptocurrency has an established foundation over the course of its lifetime. There are a lot of developers, individuals, businesses, and companies supporting Bitcoin today. This will keep money flowing on the market regardless of the current situation of the mainstream economy. It's evident that a vaccine will cause a decline in Bitcoin demand, as Fiat currencies will rise to their former glory. We've already seen this in past pandemics where precious metals and other commodities reached new ATHs as a result of a decaying mainstream economy. The same situation could happen with Bitcoin and other cryptocurrencies after a vaccine for COVID-19 is discovered.

With or without a vaccine, Bitcoin will be here to stay. That's thanks to the decentralized and open source nature of the cryptocurrency. It has been demonstrated that Bitcoin is impervious to negative events in the mainstream world. Positive events will further boost Bitcoin's price on the market. As long as COVID-19 is still a threat, Bitcoin and other cryptocurrencies will experience new gains in price at a fast pace. Even after the demise of COVID-19, it's expected Bitcoin's prices to be a lot higher than what they are right now. The halving and other events will make this happen. So it's safe to say that Bitcoin won't crash anytime soon or at least go to zero because it's too big to fail. Just my opinion Smiley

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October 05, 2020, 06:51:15 PM
 #88

OP is saying in his post that the ballooning US federal debt is a big problem. When that is the case, how do you expect the bullion and cryptocurrency prices to crash once we have an effective vaccine? And another thing is that none of the potential vaccines have completed their phase III trials. So we are at least 6 months away from a vaccine being available in the market and mass vaccination will take another 1-1.5 years. 
It will take more time before the vaccine release so there is still more things or news that may happen in between. The market seems stable since there are no new news that is circulating. If ever vaccine will release earlier it will not damaged much the price of BTC like how it reacts during the lockdown and quarantine periods of many countries it do drop too much but not in a long time since it recovers faster than stocks and any other investment options.

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October 05, 2020, 11:19:18 PM
 #89

If the covid-19 proven is effective I don't think so the bitcoin will.crash because we know without pandemic bitcoin can rise its value and we saw how far or how much this coin already reached and compared to the price now it's almost 50 percent difference.

Once we vaccine for covid it's good because people will go back to work again and once they have salary possible tp invest to the cryptocurrency just like today that we have pandemic so people who really want to invest they can't because they don't have work they are prioritizing their needs instead of investing.
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October 05, 2020, 11:28:12 PM
 #90

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.
It's just the same when corona virus was first known, there was a little dump for a while but then bitcoin immediately recovers. So if the vaccine will be finally safe to use, bitcoin might dump same with what you expect but then it will surely recover because people are already making profits fom bitcoin since pandemic has started.

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October 06, 2020, 12:33:03 PM
 #91

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.
It's just the same when corona virus was first known, there was a little dump for a while but then bitcoin immediately recovers. So if the vaccine will be finally safe to use, bitcoin might dump same with what you expect but then it will surely recover because people are already making profits fom bitcoin since pandemic has started.
Corona virus is the drama and business for many government, looks what happen in my country where allocation money for covid 19 most bigger than the other, in hospital cases many people die will take as covid 19 victim to get business with covid 19. More than six months running keep going on and well their business with covid 19 and get much money, they don't care whit many people when enter to the hospital will claim as covid 19 victim, I don't enough think how long this moment will running when many people don't care with covid 19 because make as business way to get much money for investor, hospital manager and government.

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October 06, 2020, 12:52:46 PM
 #92

I do not think that bitcoin prices are going to crash followed by Corona vaccine discovery. Small dips might be there but there will not be crash at all.

Also, we are very distant from finding effective Corona vaccine. China has succeeded in its target by affecting the economies of the world with corona and may do similar attempts in near future.
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October 06, 2020, 01:30:38 PM
 #93


These 2 highlighted(bold) texts are the key points of this statement. Predictions that the COVID-19 vaccine will make bitcoin to crash, together with other commodities such as Gold and silver. But then again will make it's way back on reaching moon being said by the last highlighted texts on the quote above. Some might see it as investment opportunity to invest on these assets. Furthermore, I don't get the idea that bitcoin will crash because of the covid-19 vaccines that will be released sooner or later.
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October 06, 2020, 02:03:20 PM
 #94

I don't think that it will really cause Bitcoin crash I also think that it wouldn't have a huge impact in crypto.
It is true that the pandemic has help crypto being recognize by other people and helping them to earn while they are at home but I think even when the pandemic is gone people have a choice if they would stay and support crypto or go back to their old life before they even started earning crypto?
And I think most of them would choose to stay rather than going back to their old life since they could earn extra cash here.
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October 06, 2020, 02:57:34 PM
 #95

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

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October 06, 2020, 03:16:45 PM
 #96

So, has the pandemic problem so far been a fabrication? I'm not really sure because they always associate this pandemic with debt, if it's a huge debt only from a big country whether to cover it by messing up the world with a pandemic. Whether there is a vaccine or not, this world is old and chaotic, so crashes will definitely occur for all existing assets, but I believe that these existing assets will not be lost, even though there will be a crash, but recovery will certainly accompany it too.

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October 06, 2020, 04:14:30 PM
 #97

I don't think that when the vaccine launches, bitcoin will drop in price. During the pandemic, bitcoin has risen significantly in price and it helps to bring good profits. I think they have taken profits between $ 11,000 and $ 12,000. Currently, bitcoin has been stable at above $ 10,000 for the past two months. This would provide strong support for bitcoin to have the next bull run.
Bitcoin was halving, the block reward left only 6.25 Bitcoin. It will be more scarce in the future, and the discount is unlikely.

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October 06, 2020, 09:06:00 PM
 #98

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

Likewise too, I don't see the relationship with covid-19 vaccine and to the price of bitcoin. I can see relationship with covid-19 palliatives because people can have extra money from government palliative given to them to invest but not vaccine. Therefore, I don't expect any impact should be made because of availability of vaccine.

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October 06, 2020, 10:11:31 PM
 #99

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

Likewise too, I don't see the relationship with covid-19 vaccine and to the price of bitcoin. I can see relationship with covid-19 palliatives because people can have extra money from government palliative given to them to invest but not vaccine. Therefore, I don't expect any impact should be made because of availability of vaccine.
Too dumb to consider that those palliative will be invested to Bitcoin or any other means but well we do know on how humans do make stupid
decisions specially using it up instead on other means.For me I don't really see the correlation of covid vaccine to bitcoins price.Come to think that
even the economic problem that did happen globally haven't really give out some significant impact or just simply shows that any outside events
doesn't really impact nor correlate with its price.So shall we say that its totally independent or cant really be influenced by things on where we do
believe that it can affect.

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October 06, 2020, 10:18:25 PM
 #100

No, it is not a thing I have look into and definitely not a reason because people are not buying these vaccines if the government will give it free. Robert Kiyosaki never thinks that those people in poor countries will surely not buy this but rather to keep their immune system strong normally.

If ever there is a market crash it is might because of a FUD, hacking issues, and/or people are converting their crypto to fiat but not the reason that they are buying into the vaccine.

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October 06, 2020, 11:55:13 PM
 #101

The highest price of Bitcoin at the beginning of 2020 was located on February 12, 2020 at $ 10,328.90. The Covid19 Pandemic was declared on March 11, 2020. What happened next? The price of Bitcoin fell to the lowest price in that same month to $ 5,389.40. Obviously there was a big effect on the price of Bitcoin that has been surpassing to date until it reached the resistance of ~ $ 10,300.

For humanity the vaccine against Covid19 is good news and will propel the markets to economic recovery.
As we know there is a challenge to recover the economy, the countries of the world have lost a lot in this crisis. But it has the human resource that is invaluable to restore and grow the economy. If we believe it, we will overcome all obstacles.

IMO the price of Bitcoin will not break as a result of the arrival of the Covid19 vaccine.

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October 07, 2020, 02:55:44 AM
 #102

What the relationship between vaccine and bitcoin will crash? I think when world healthy organization found vaccine will give and bring recovery to the world back to be better and give chance for bitcoin back to higher price again, but waiting vaccine is more than long our expectation because will give many issues how some country get benefit from vaccine.
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October 07, 2020, 12:06:04 PM
 #103

Maybe I don't get something but what is in common between Vaccine, Bitcoin and Golg?
Anyway, stay calm, as long as the vaccine is being developed in Russia it is not gonna be proven)))

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October 07, 2020, 12:13:43 PM
 #104

No way the vaccine will make Bitcoin crash. What's the logic in there?
The only possible influence I can see is that vaccine introduction will push Bitcoin higher because at the beginning the vaccine will probably be expensive, so people will be looking for new options to get additional profit from.
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October 07, 2020, 12:37:49 PM
 #105

The idea of Covid vaccine causing Bitcoin crash looks like a mere speculation. The upcoming election is more likely to influence its price than the vaccine production. Prove me wrong Cool

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October 07, 2020, 01:03:13 PM
 #106

I don't think that covid vaccine causing Bitcoin crash. The liquidity and acceptability of Bitcoin is increasing day by day. When the whole world stopped for covid-19, when the economic condition of the people was getting worse, Bitcoin was competing with the gold. Even now the economic condition of the people is becoming normal day by day. The WHO says the price of covid vaccine will be within people's purchasing power. So I don't think covid vaccine will have any negative effect on bitcoin.
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October 07, 2020, 01:19:48 PM
 #107

Maybe I don't get something but what is in common between Vaccine, Bitcoin and Golg?
Anyway, stay calm, as long as the vaccine is being developed in Russia it is not gonna be proven)))
Russia has developed 2 vaccines:  «Cпyтник V» and «ЭпиBaкКopoнa». We all see the situation in Russian medicine, if a complication happens to a patient, no one will be held responsible.
According to the news, they say that we are the first in the world, and many people die in my city, but according to documents they die from pneumonia, heart failure and other diseases.
Don't believe the news, there is a lot of deception.

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October 07, 2020, 01:49:41 PM
 #108

~

Likewise too, I don't see the relationship with covid-19 vaccine and to the price of bitcoin. I can see relationship with covid-19 palliatives because people can have extra money from government palliative given to them to invest but not vaccine. Therefore, I don't expect any impact should be made because of availability of vaccine.

That's my side too, honestly I did not expected that someone will make a thread just for telling that bitcoin will crash because of creation and supplying of Covid 19 vaccines. I don't see any relations at all. The industry of medicines cannot affect bitcoin's price, at least not much. Probably it can make some slight changes to the price, but that does not mean that it is negative. What if the other side? Where covid 19 vaccines might have positive change for bitcoin's value. Ultimately it's  a short time effect.
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October 07, 2020, 02:16:38 PM
 #109

Bitcoin is well position which covid-19 vaccine cannot cause bitcoin to  crash. According to some researcher, the vaccine can slow the pump of bitcoin for a while but it cannot crash it like the way it will crash other cryptocurrencies. Bitcoin is a decentralized, it choose to pump at anytime and also choose to dump at anytime.

Bitcoin is unpredictable because is not centralized. I think covid-19 vaccine will not cause bitcoin crash because bitcoin it is unpredictable. The vaccine can change to cause bitcoin to be more pump as never before.

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October 07, 2020, 03:48:46 PM
 #110

I don't think that when the vaccine launches, bitcoin will drop in price. During the pandemic, bitcoin has risen significantly in price and it helps to bring good profits. I think they have taken profits between $ 11,000 and $ 12,000. Currently, bitcoin has been stable at above $ 10,000 for the past two months. This would provide strong support for bitcoin to have the next bull run.
Bitcoin was halving, the block reward left only 6.25 Bitcoin. It will be more scarce in the future, and the discount is unlikely.
But there will be a possibility for it to drop its price, some businesses will probably pull out their investment to fund their businesses because of the expecting vaccine. Even if bitcoin continues to stand strong, this will give a huge drop if ever that investors will pull out their investment.
Of course, that's just my guess. The economy has not had an official stimulus package yet. Even if there is a vaccine for everyone, it is still necessary to stimulate the economy again for businesses to operate and restructure to create jobs for everyone. That's how economics works.
Bitcoin is a store of value, when businesses have more money they spend and flow money into the market. Bitcoin has a safety threshold above $ 10,000. Having more money means the indexes keep going up, and so does bitcoin.

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October 08, 2020, 03:09:10 AM
 #111

true bitcoin and vaccines I think there is no relationship.
I think the first vaccine will be expensive and many people will hunt for vaccines, the price of bitcoin depends on the market and the bitcoin market cannot be regulated or in my prediction I think vaccines and bitcoin are not linked.
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October 08, 2020, 05:07:16 AM
 #112

That's my side too, honestly I did not expected that someone will make a thread just for telling that bitcoin will crash because of creation and supplying of Covid 19 vaccines. I don't see any relations at all. The industry of medicines cannot affect bitcoin's price, at least not much. Probably it can make some slight changes to the price, but that does not mean that it is negative. What if the other side? Where covid 19 vaccines might have positive change for bitcoin's value. Ultimately it's  a short time effect.

A lot of FUD floats around here and normally I ignore most of them. If you remember, we were expecting a spike after the block reward halving in May 2020. That never realized, because the markets crashed as a result of the COVID 19 pandemic. The stock markets recovered eventually, however the Bitcoin exchange rate remained at the same level. So I am hopeful that once the pandemic is over, there will be a big recovery in Bitcoin exchange rates.
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October 10, 2020, 04:16:42 PM
 #113

I don't perceive any odds of slamming bitcoin due to the Coronavirus. What's makes you think about it?.
People may contribute more because after the antibody economy will move to recuperation which sways the stock.
The market tumble down a smidgen since individuals get reluctant to heading outside and they didn't check out the stock.
Same with the bitcoin cash nothing awful occurs from months the cost is steady.
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October 10, 2020, 04:25:38 PM
 #114

A lot of FUD floats around here and normally I ignore most of them. If you remember, we were expecting a spike after the block reward halving in May 2020. That never realized, because the markets crashed as a result of the COVID 19 pandemic. The stock markets recovered eventually, however the Bitcoin exchange rate remained at the same level. So I am hopeful that once the pandemic is over, there will be a big recovery in Bitcoin exchange rates.

The recovery rate has increased, but is still lower than expected after the vaccine release news came. I am watching so many analysts who have changed their sentiments from bullish to bearish as they think like a 2018 type of crash is incoming. I don't know that based on what evidence have they started thinking like that. Whatever will happen, if btc crashes again that low, I will also buy some coins and wait till it does 10x.
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October 10, 2020, 04:41:26 PM
 #115

The recovery rate has increased, but is still lower than expected after the vaccine release news came. I am watching so many analysts who have changed their sentiments from bullish to bearish as they think like a 2018 type of crash is incoming. I don't know that based on what evidence have they started thinking like that. Whatever will happen, if btc crashes again that low, I will also buy some coins and wait till it does 10x.

One thing is clear. Bitcoin is here to stay. The white paper was fist published in 2008, and it has been more than a decade since Bitcoin first came to existence. None of the altcoins have so far been successful to topple BTC from the top position. So sometime soon, we can expect the prices to increase. The only thing to do now is to hold on to our coins, and wait for the next pump.
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October 10, 2020, 06:20:29 PM
 #116

I don't fully agree with Kiyosaki at this point. The society might change Bitcoin for cash in order to do what they couldn't during the pandemic, but the financially smart people will certainly continue putting more money into it as they have now been proven that Bitcoin acts similar to Gold (hedge) in times of crisis.
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October 10, 2020, 11:46:04 PM
 #117

I do not think that bitcoin prices are going to crash followed by Corona vaccine discovery. Small dips might be there but there will not be crash at all.

Also, we are very distant from finding effective Corona vaccine. China has succeeded in its target by affecting the economies of the world with corona and may do similar attempts in near future.

Exactly. Bitcoin has already reached too far to go down the drain in an instant. The COVID-19 pandemic has only accelerated Bitcoin's adoption as we speak. This means higher prices over the long term as a result of higher demand among people in the mainstream world. While the vaccine will certainly reduce people's interest among precious metals and decentralized cryptocurrencies, its negative impact on price will be minimal. Saying that a COVID-19 vaccine will cause a Bitcoin crash is nothing more than saying a vaccine will crash the whole stock market. Bitcoin has maintained its resiliency even after the negative effects of the pandemic in the mainstream world. I'm sure it'll do fine after the demise of COVID-19.

In the end, people will be the ones who'll determine Bitcoin's price on the market. As long as there is demand for Bitcoin, prices will remain high. This alongside each halving event, should make Bitcoin much more valuable than what it is right now. But this is not a guarantee due to the volatile nature of crypto/Blockchain tech itself. Just my opinion Smiley

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October 11, 2020, 06:59:13 AM
 #118

The COVID-19 vaccine can never cause a bitcoin crash while everyone relies on vaccines to cure the virus Bitcoin can't crash. The demand for Bitcoin is increasing day by day the impact of the virus could be much lower on the country's economy and gold market stocks as they depend on the country's economy. But Bitcoin will rise above the demand of the decentralized market bitcoin is currently in high demand due to the virus so it does not have a bad effect.
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October 11, 2020, 07:05:30 AM
 #119

The COVID-19 vaccine can never cause a bitcoin crash while everyone relies on vaccines to cure the virus Bitcoin can't crash.
It will certainly not affect bitcoin in a negative way, if bitcoin will crash, that's when the virus has spread and cause a pandemic that we are experiencing now.
The demand for Bitcoin is increasing day by day the impact of the virus could be much lower on the country's economy and gold market stocks as they depend on the country's economy. But Bitcoin will rise above the demand of the decentralized market bitcoin is currently in high demand due to the virus so it does not have a bad effect.
I know the demand has increase but I would not think it's on a daily basis as there's no massive adoption yet, majority of us are still using bitcoin for investment and trading purposes only. If there's a big online shopping store like amazon and it's biggest competitors will accept bitcoin, then most likely we will see that kind of increase of demand.

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October 11, 2020, 07:11:56 AM
 #120

The idea of Covid vaccine causing Bitcoin crash looks like a mere speculation. The upcoming election is more likely to influence its price than the vaccine production. Prove me wrong Cool

I don't think it is a speculation, I think it is a deception.

There are a lot of things that happened, Trump and the first lady tested positive, the pandemic happened and then the Vaccine? If the price ever fell the time that the vaccine is made, I don't think that the reason of it is the vaccine, it would just be coincidental. There is no connection with those two that is why I don't think it will be a cause of a dump.
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October 11, 2020, 07:17:37 AM
 #121

Are you trying to imply that Covid-19 vaccines effectiveness is connected to bitcoins movement? The statement perhaps was just a misconception because in the first place, we dont really know what will happened next, and we cannot predict the market movement of bitcoin for it has lots of changes that is beyond control nor our expectations. And I believe that growing investors will invest more if the vaccine is proven effective to humans against this covid-19. There will be more investors with positive minds that will buy more, and people will get inspired in investing if we already have a vaccine, realizing that we need to earn more profits so we could do everything we want and go anywhere we want to because we already have the cure and we dont need to worry anymore.
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October 11, 2020, 07:58:16 AM
 #122

We all thought that Bitcoin will crash and go back to 3 digits but it eventually recover after a few weeks, what Kiyosaki stated could be true but even if it crash it can recover quickly, Bitcoin is very stable and well adopted and this pandemic is the big proof, I cannot say the same thing with Bitcoin, but we'll see what's going to happen.

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October 12, 2020, 01:14:45 AM
 #123

At the start of the year, bitcoin comes with a good market price and because of the pandemic outbreak there are a lot of people getting scared and pulled out their funds, and what is the reason? because the market of the fiat currency falls down, of course, it will fall down because of the temporary stop operating of different establishments in the different countries to give way and let the government and over the world heal, and remove the virus. But the problem is we didn't expect that this will be going for a long time. After the fiat falls down the bitcoin falls down too.



I don't think so that the bitcoin will go up or down IF we discover the virus immediately because I think it doesn't relate anymore, also the bitcoin is on the part of the digital currency not in fiat.

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October 12, 2020, 02:39:56 AM
 #124

The idea of Covid vaccine causing Bitcoin crash looks like a mere speculation. The upcoming election is more likely to influence its price than the vaccine production. Prove me wrong Cool

I don't think it is a speculation, I think it is a deception.

There are a lot of things that happened, Trump and the first lady tested positive, the pandemic happened and then the Vaccine? If the price ever fell the time that the vaccine is made, I don't think that the reason of it is the vaccine, it would just be coincidental. There is no connection with those two that is why I don't think it will be a cause of a dump.

There is a lot of panic because they often see invalid news, therefore people will always connect to bitcoin as the start of a big dump after a lot of bad news, for example, with news about positive Covid-19 trumps with mass production of vaccines is also not necessarily true but for me this is natural thing and no one can speculate about it, everyone can make up for it.

Bitcoin will survive and will not crash too badly due to a vaccine that has been found or marketed. Obviously, we must be prepared in any situation, don't look at the news that is not yet valid.

R


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October 12, 2020, 02:45:55 AM
 #125

I think if COVID-19 could not stop will make bitcoin crash and like happen when Donald Trump get COVID-19 and announce to public make bitcoin suddenly down and crash to lower price, have bigger respond when political get covid 19 and knowing by public they will worry for holding bitcoin and altcoin in long term. Other side when public person giving positive respond with bitcoin and altcoin get good and higher price later, why we need COVID-19 could gone soon because we want to see bitcoin keep stable on higher price without get bad issues when important person give bad change for investor after getting COVID-19.

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October 12, 2020, 09:16:59 AM
 #126

actually i think that covid 19 is the main reason which effect to economy around the world
that is the reason why i think that covid 19 vaccine will cause bitcoin crash in the future  Lips sealed
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October 12, 2020, 10:27:57 AM
 #127

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
If bitcoin went down, would you invest in bitcoin or gold? I thought today the best investment when covid 19 was bitcoin and crypto trading market.  thanks.  your suggestions help me.  maybe i should keep investing in my business.
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October 12, 2020, 11:15:05 AM
 #128

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
If bitcoin went down, would you invest in bitcoin or gold? I thought today the best investment when covid 19 was bitcoin and crypto trading market.  thanks.  your suggestions help me.  maybe i should keep investing in my business.
Investing in bitcoin is a good idea as I myself is a crypto enthusiast so consider my opinion bias. What I can recommend is be smart, don't put your investment in one basket, that's good invest in your business, while you can also invest in bitcoin at the same time, that's how you minimize the risk.

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October 12, 2020, 11:25:32 AM
 #129

With the pandemic entire world suffered great economic downfall in the market. Maybe when the vaccine is developed, automatically the market will recover from the downfall. This pushes the market forward, and the same is supposed to make a positive move with bitcoin as well. Even at the worse of world market decline and some countries experiencing negative economy bitcoin continued to stay high in the market, so there is less chance of crash on account of covid-19 vaccine.

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October 12, 2020, 11:49:17 AM
 #130

actually i think that covid 19 is the main reason which effect to economy around the world
that is the reason why i think that covid 19 vaccine will cause bitcoin crash in the future  Lips sealed
Whaaaaaaatttt???

We all thought that Bitcoin will crash and go back to 3 digits but it eventually recover after a few weeks, what Kiyosaki stated could be true but even if it crash it can recover quickly, Bitcoin is very stable and well adopted and this pandemic is the big proof, I cannot say the same thing with Bitcoin, but we'll see what's going to happen.
Nope i never ever thought of Bitcoin returning to 3 digits ,though the value fell down last March to $4,000 that is too far from 3 numbers.
and about the vaccine?i don't think that it will come in our time now since we are near closing December and the corona thing is already subsiding .

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October 12, 2020, 11:58:57 AM
 #131

With the pandemic entire world suffered great economic downfall in the market. Maybe when the vaccine is developed, automatically the market will recover from the downfall. This pushes the market forward, and the same is supposed to make a positive move with bitcoin as well. Even at the worse of world market decline and some countries experiencing negative economy bitcoin continued to stay high in the market, so there is less chance of crash on account of covid-19 vaccine.
this is what were expecting but the posted links were oppose to us . they say government will be in debt but why cant the government make a move now .

 they can start saving money or find ways to earn more money so that when the time vaccine came they can pay for it . also government isnt the only one that holds large amount of btc but there are us and the whales  .

we can continue hodling and that wont crash the price of btc too hard .
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October 12, 2020, 12:10:54 PM
 #132

With the pandemic entire world suffered great economic downfall in the market. Maybe when the vaccine is developed, automatically the market will recover from the downfall. This pushes the market forward, and the same is supposed to make a positive move with bitcoin as well. Even at the worse of world market decline and some countries experiencing negative economy bitcoin continued to stay high in the market, so there is less chance of crash on account of covid-19 vaccine.

An economic recovery will occur with or without the vaccine. Some of the worst affected regions may reach herd immunity by December this year. By the time vaccine is available, my calculation is that more than half of the world population will be having immunity against COVID 19. The governments will be in a tricky position on whether to go for the mass vaccination or not.
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October 12, 2020, 02:08:59 PM
 #133

     I don't think the word "crash" would be the right term to use though. Even if we say that the debts, and the vaccines would cause a huge blow to the economies not just in the us, I think it is safe to say that the only thing happening by then would be a little dip. Although I don't believe that vaccines would make things worse since we all know that it's the only way to solve the pandemic which then would lessen economic problems to grow bigger. In my opinion, saying that the vaccines would make things worse for this industry is something I wouldn't agree on.

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October 12, 2020, 06:07:46 PM
 #134

With the pandemic entire world suffered great economic downfall in the market. Maybe when the vaccine is developed, automatically the market will recover from the downfall. This pushes the market forward, and the same is supposed to make a positive move with bitcoin as well. Even at the worse of world market decline and some countries experiencing negative economy bitcoin continued to stay high in the market, so there is less chance of crash on account of covid-19 vaccine.

I do believe also that the development of the vaccine was the key not only for our self to fight the virus but this is the only key for the recoveries of worlds economic crisis. I didn't see any threat or harm that the vaccine may bring in the world of cryptocurrencies. In fact i bet that when this vaccine came out then the world economy will be sprout again. And i hope that may the vaccine came out as early as year 2021 because our economy, our people has totally suffered from this virus.

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October 12, 2020, 06:19:03 PM
 #135

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/




Peoples wont take their bitcoin just to buy corona vaccine if they are really a good business man/woman and they will think first before they do anything like that because they might loose a chance to earn a bunch of bitcoin if they plan to sell their bitcoin and that earning might be able to buy a vaccine itself since the price of vaccine is not that expensive. We don't need to worry about the crash due to release of corona vaccine because every wise business man/woman won't let anything to destroy the bitcoin.
https://www.healthline.com/health-news/how-much-will-you-pay-for-a-covid-19-vaccine-heres-what-we-know
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October 12, 2020, 06:51:32 PM
 #136

I don't agree with btc crash effected by covid-19. Although covid-19 has effected all the business & service man.lot of people are died.lot of  countries are inventions to make vaccine fight to carona-19. If there's invention of  vaccine, l think its price will be very low. So l can not believe vaccine will be reason of crash due to carona-19. I think so.
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October 12, 2020, 07:52:13 PM
 #137

With the pandemic entire world suffered great economic downfall in the market. Maybe when the vaccine is developed, automatically the market will recover from the downfall. This pushes the market forward, and the same is supposed to make a positive move with bitcoin as well. Even at the worse of world market decline and some countries experiencing negative economy bitcoin continued to stay high in the market, so there is less chance of crash on account of covid-19 vaccine.

Nothing will happen automatically, especially not the recovery of the market. That will take time, no matter the vaccine. Also, there is the question how vaccine will be efficient, if there some new mutations of virus will appear and how long the immunity will last.
And there is no connection between vaccine and Bitcoin price.

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October 12, 2020, 08:32:21 PM
 #138

In my opinion, when the COVID-19 vaccine was released, it would not cause Bitcoin to crash. Because now investors who buy Bitcoin
have a better understanding of the potential of Bitcoin, so they won't sell all the Bitcoin they have just to buy a vaccine. And also if
a vaccine is released, it will make the world economy recover, this makes the stock market recover too. But not all Bitcoin investors will
move their Bitcoin into the stock market again. So my conclusion is maybe Bitcoin will go down in price when the vaccine is released,
but it won't go deep. And I'm sure after that the Bitcoin price will go up again. Because many people have realized that investing in
Bitcoin is profitable.

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October 12, 2020, 09:01:07 PM
 #139

This caliber of people have said series of things and made predictions about bitcoin and other cryptocurrencies which had ended up wrong. The demand pattern of bitcoin determines what direction the price takes when the vaccine is discovered.
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October 13, 2020, 06:15:29 AM
 #140

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."

https://www.usdebtclock.org/


Yeah right so Bitcoin will crash when the stock market crashes. It will crash when Gold crashes. It will crash when there is a pandemic and it will crash when their is a medicine for pandemic.
These bears always try to be pessimistic but Bitcoin will have it's cycles like always .

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October 13, 2020, 06:47:23 AM
 #141

From my views I don't think that Coronas virus can deprived existence of cryptocurrency especially Bitcoin in the world, even to the extent contributing to downfall or crash of Bitcoin in society, i vividly said it's impossible because Bitcoin is not currency that's centralized, the vaccine of Corona virus can only affects things that is controlled by government.

See many people has predicted elimination of Bitcoin from the day one Bitcoin is been launched, so it's not a new information in bitcointalk community, based on the propagandas people has been rendering in order to bring btc down will make some investor to kick-off from investing in Bitcoin only if not properly investigate to obtain a tangible or rightful information.

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October 13, 2020, 11:52:40 AM
 #142

Yeah right so Bitcoin will crash when the stock market crashes. It will crash when Gold crashes. It will crash when there is a pandemic and it will crash when their is a medicine for pandemic.
These bears always try to be pessimistic but Bitcoin will have it's cycles like always .

That's true. But no one can deny the fact that Bitcoin has underperformed this year. We were expecting a spike from block reward having, which never got realized. For the last 10 months or so, the prices have remained largely stable, at around 10K (range being 8K-12K). On top of that, the daily volumes have gone down, and even the Bitcoin dominance has decreased by around 12-13%.
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October 14, 2020, 05:39:17 AM
 #143

No I think it could also open us a new opportunity people have known Bitcoin while we are in pandemic so they could still use it even if the pandemic is over.
They might open a business and try to promote crypto by accepting it as a payment method they could try to hold more bitcoin by doing it.
There are so many possibilities that could happen in Bitcoin once the vaccine is created it could always go up or down it only depends on the demand.
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October 14, 2020, 06:33:23 AM
 #144

I don't think it will crash because most people have loss confident on their government. If you look of what is going on around the world and the dollar dipping, people are looking for a save haven and Bitcoin provides the opportunity for that.

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October 14, 2020, 09:36:23 AM
Last edit: October 14, 2020, 01:59:55 PM by pankowri
 #145

I speculate it can't confess that early. Anything can ensue because in this situation several things have to contemplate pertained to the current world, virtual life, the effect of situations. So if the corona vaccine will come and the world alteration people can work from outer and curtail the dependency on online work that can be changed digital currency's value but nothing can say that surely BTC will crash.

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October 14, 2020, 10:07:41 AM
 #146

Covid-19 is no longer a news to the world. Many countries are looking for a way to make sure the covid-19 vaccine is be discover to end the virus that is spreading all over the countries. Many people has lost their job, profit because of the corona virus that is spreading over the world.
I don't think covid-19 vaccine will cause bitcoin crash. As we all know, Bitcoin is a decentralized is not control by any countries. During the pandemic many businesses collapsed because of the covid-19 but bitcoin still maintain his ground in the areas of market and well pumping that surprise many people because other cryptocurrencies dumped during the process. Many  currencies lose value during the pandemic stock market was unstable due to the corona virus that was spreading in different places.

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October 14, 2020, 11:27:00 AM
 #147

Covid-19 is no longer a news to the world. Many countries are looking for a way to make sure the covid-19 vaccine is be discover to end the virus that is spreading all over the countries. Many people has lost their job, profit because of the corona virus that is spreading over the world.
I don't think covid-19 vaccine will cause bitcoin crash. As we all know, Bitcoin is a decentralized is not control by any countries. During the pandemic many businesses collapsed because of the covid-19 but bitcoin still maintain his ground in the areas of market and well pumping that surprise many people because other cryptocurrencies dumped during the process. Many  currencies lose value during the pandemic stock market was unstable due to the corona virus that was spreading in different places.


There are many vaccine made and there are vacine that already in phase 3 trials .next year it will be available for everyone in any country if they want to be injected. for me I don't want to try that even it's free, because who knows what will be the side effects of that vaccine after a year.

Many countries now is trying to recover all those lost because of this pandemic and it will continue even without vaccine . Don't forget that only crypto market is the only market  live and open when there are many countries been in lockdown  in different part of the world crypto market never freeze thier live trading. so ,I don't think it will have a big effect if for example there are available vacine for every one.

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October 14, 2020, 03:10:32 PM
 #148

You may have a point here. Though I pray it doesn't work that way
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October 14, 2020, 11:36:42 PM
 #149

Still, the world can not recover and it is incredibly increasing. People even not prepare to take the vaccine and it will take time to distribute throughout the world. So there needs more time to count and we can not say it earlier phase. This article is done from a perception that can be changed anytime. We can predict but don't know the actual thing. So we have to wait for this to see what will happen to the world.

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October 15, 2020, 12:43:00 AM
 #150

If you look at Bitcoin's performance this year, the price is quite stable, I don't think COVID-19 will cause Bitcoin to crash.
But the story is different if the COVID-19 vaccine is indeed found, especially since several countries have tried to focus on
making the COVID-19 vaccine. Just imagine if the COVID-19 vaccine releases, not only Bitcoin will crash, but other assets
such as stocks and gold will crash too. Because the price of the COVID-19 vaccine is definitely expensive and people will try
to buy it by selling the assets they have.

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October 15, 2020, 10:20:23 AM
 #151

Covid-19 pandemic has been a world challenges, all the nation stand still, total lockdown, and that period, many people joined online business, which bitcoin was included. lastly vaccine came out for treatment, hence the market was not stable, but bitcoin still keep moving up to the moon.
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October 15, 2020, 12:53:42 PM
 #152

Covid-19 pandemic has been a world challenges, all the nation stand still, total lockdown, and that period, many people joined online business, which bitcoin was included. lastly vaccine came out for treatment, hence the market was not stable, but bitcoin still keep moving up to the moon.

In the first place, it is not this pandemic that causes a good market price to bitcoin. IMO. people are instead, selling their Bitcoins for them to have funds to buy necessities. I can say, it will be impossible for Bitcoin to crash just because the Vaccine will be available, the reason behind this is because many huge companies now are transferring their savings/assets fund to Bitcoin because they are believing in it. The same thing in which normal investors and people will do thinking of the reason that these investors will make the price high in the future, will all follow it, resulting in an even better future for bitcoin solely because of its characteristic of scarcity.
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October 15, 2020, 01:47:38 PM
 #153

For me it is more important that we may focus on the health of the people than anything else, let us not forget that many got infected the disease and many have died due to covid 19 it is very important to have a cure for it so that everything returns to normal. However I do not think it will be completely affected and even to the point that bitcoin will crash due to the release of covid 19 vaccine. Perhaps it will be slightly affected due to the large traders who have invested in bitcoin and may return to the traditional stock market when it comes to life again.
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October 15, 2020, 04:07:59 PM
 #154

The word ”crash” is what others assume to happen in bitcoin. I don't think that's the right word for bitcoin, the price so happens plummets but not to the point that bitcoin could crash because of covid19. Some people able to sell Bitcoin and invest in other commodities but as we know in crypto price is volatile and we can see it again in bull market.

I respect Kiyosaki but he is not a perfect investor I have bookmarked this thread and see if this will really go on his way, crash is a very harsh word for an investment market we have seen so many crash in the past, on the times that Bitcoin is still building it's reputation but I don't think it will happen when there is available vaccine in the market it could dip but not crash.

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October 15, 2020, 07:32:36 PM
 #155

What on the world where people do presume out that the price will crash because of Covid-19 vaccine? Its just not really right to have that way of thinking.

To think that there are lots of major events that do happen outside the market but it didnt really affect crypto space.It might on traditional markets but not into this place.
Lots of speculations, presumptions, rumors to be like this and to be like that which i cant really blame out people on that.

For me it isnt really just that relevant on tying up the vaccine towards bitcoins price movement.


The word ”crash” is what others assume to happen in bitcoin. I don't think that's the right word for bitcoin, the price so happens plummets but not to the point that bitcoin could crash because of covid19. Some people able to sell Bitcoin and invest in other commodities but as we know in crypto price is volatile and we can see it again in bull market.

I respect Kiyosaki but he is not a perfect investor I have bookmarked this thread and see if this will really go on his way, crash is a very harsh word for an investment market we have seen so many crash in the past, on the times that Bitcoin is still building it's reputation but I don't think it will happen when there is available vaccine in the market it could dip but not crash.
No one is perfect but anyone does have the free will on who would be the one do they follow out in terms of the investment steps or plans.

Some do really follow famous people but majority isnt really that fan for them to rely on.Yes, they are not perfect investor and just like us, theyre just
typical speculators too but somehow they are having more funds compared to us.

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October 15, 2020, 09:35:40 PM
 #156

This is still a rumor, we don't know whether Bitcoin will crash next year? The vaccine will indeed change the world to normal, but Bitcoin cannot be changed,
the situation has changed, everyone is turning to the digital world, mass adoption is taking place,
this is making eyes Crypto money will get stronger in the future, CRASH? I thought this was just a joke

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October 17, 2020, 10:05:05 PM
 #157

That's true. But no one can deny the fact that Bitcoin has underperformed this year. We were expecting a spike from block reward having, which never got realized. For the last 10 months or so, the prices have remained largely stable, at around 10K (range being 8K-12K). On top of that, the daily volumes have gone down, and even the Bitcoin dominance has decreased by around 12-13%.

Prices don't necessarily rise immediately after the halving. A bull market usually takes effect a year or two after Bitcoin's latest halving. Consider the Bitcoin halvings of 2012 and 2016. Prices per coin began to rise a year after the event. 2013 allowed Bitcoin to reach $1k per coin, while 2017 was Bitcoin's biggest year yet with astronomical gains never before seen in its history (ending the year with a price of $20k per coin). I think Bitcoin has outperformed traditional commodities, stocks, and even precious metals during these uncertain times. I'm sure it'll do fine after a vaccine is discovered. Saying that Bitcoin will crash after a COVID-19 vaccine is only to spread fear, doubt, and uncertainty (FUD). Bitcoin's deflationary design, alongside increased demand on the market, tells us that its price will continue to go up for the foreseeable future. Sometimes it takes a little longer than usual for Bitcoin to experience new ATHs in price. But it'll never crash or go to zero because of the reasons mentioned earlier.

Nonetheless, time will tell us what will happen after a vaccine is discovered. Most probably, Bitcoin will see reduced demand from people in the mainstream world (which translates to lower prices on the market). But it won't reach a point where its price will crash massively on the market. People still admire Bitcoin's decentralized and censorship-resistant nature. This should give non-stop demand for Bitcoin across the market. Until everything goes back to normal, expect prices to rise even further as people try to "exit" from Fiat as much as possible. Just my opinion Smiley

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October 17, 2020, 10:56:29 PM
 #158

Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.

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October 19, 2020, 03:27:30 PM
 #159

Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.
regulation is not important for Bitcoin, we know Bitcoin is decentralized and does not need regulation,
regulation will only make Bitcoin difficult to adopt, but vaccines are also a threat to bitcoin,
we know that during the pandemic the price of Bitcoin has increased dramatically, and that's because of Covid 19,
if vacine has been given and Covid 19 ends, it's possible that bitcoin's performance will also decrease,
this is just speculation, but that's not necessarily true, because Bitcoin is still in a bullish trend

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October 19, 2020, 05:49:07 PM
 #160

I can see the author you said just reasoning along the line of fallacy. Despite the global economic downturn caused by the COVID-19 pandemic, the bitcoin still rose with around 50% of its initial price value. A normal reasoning should be that if the vaccine is in the end works, economy will possibly recover and that should have a positive I pact on the bitcoin.
Even if the price fall, it should not be attributed to the discovery of the vaccine or anything.
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October 19, 2020, 08:43:14 PM
 #161

I can see the author you said just reasoning along the line of fallacy. Despite the global economic downturn caused by the COVID-19 pandemic, the bitcoin still rose with around 50% of its initial price value. A normal reasoning should be that if the vaccine is in the end works, economy will possibly recover and that should have a positive I pact on the bitcoin.
Even if the price fall, it should not be attributed to the discovery of the vaccine or anything.
A lot of good and bad things will be attributed to the crash and rise in bitcoin so far, but regarding the covid-19 vaccine whether it's not yet available or already available I think bitcoin will still have a side to recover and continue to get better. Just imagine, even bitcoin could recover when yesterday's Covid-19 cases were still high and again, if a vaccine was available and the economy fully recovered, would that crash bitcoin? I'm not sure because the bitcoin trend in the next year will probably get better and let's look forward to the positive changes later.

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October 19, 2020, 09:29:10 PM
 #162

I can see the author you said just reasoning along the line of fallacy. Despite the global economic downturn caused by the COVID-19 pandemic, the bitcoin still rose with around 50% of its initial price value. A normal reasoning should be that if the vaccine is in the end works, economy will possibly recover and that should have a positive I pact on the bitcoin.
Even if the price fall, it should not be attributed to the discovery of the vaccine or anything.
A lot of good and bad things will be attributed to the crash and rise in bitcoin so far, but regarding the covid-19 vaccine whether it's not yet available or already available I think bitcoin will still have a side to recover and continue to get better. Just imagine, even bitcoin could recover when yesterday's Covid-19 cases were still high and again, if a vaccine was available and the economy fully recovered, would that crash bitcoin? I'm not sure because the bitcoin trend in the next year will probably get better and let's look forward to the positive changes later.
Come to think that even if what situation we are in, we can still see that bitcoin is still standing strong and do able to retain on 10k above price and with that on the time of the peak of the pandemic situation.

I cant see for vaccine to influenced out the entire market price movement but somewhat we can presume that there would be some slight influence because it can really boost up some people
towards investment when they do know that this pandemic had already some solution.

Its not bad to presume but lets not just expect too much on what would be its effects because this market is not susceptible to any news that do come outs.

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October 20, 2020, 11:18:30 AM
 #163

Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.

Anyone checking the latest exchange rates? BTC is almost at 12K, and we had around 15% increase in the exchange rate during the past 3-4 days. It had nothing to do with any of the vaccine-related research. More interestingly, the Bitcoin dominance is about to hit the 60% mark after many weeks (right now it is at 59.8%). From this, we can assume that the development of the vaccine is having zero impact on the exchange rates.

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October 20, 2020, 12:02:24 PM
 #164

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/




This will be the saddest halving season in the History if we will not be Nullrunning in the year of 2021 in which being speculated the effect of halving will come(like what those past 2 halving that brings Bull in 2013 and 2017)

Since this is a speculation forum, I will not argue with your title but t has been said gain and again that one thing or another will make BTC fall in price and none has come to past even with all the threat about regulation.
Well this kind of post are just reminder mate,that there can be a crash thinking that the one who post this is a reliable Bitcointalk account,i know that the intention behind this thread is to make us all aware in case things may happen but no assurance at all .

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October 20, 2020, 03:26:27 PM
 #165

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."

This is so dumb. What will vaccine solve? Nothing. Bitcoin is hedge against to indebted countries. I just saw a Minister of finance of my country tweeting that he plans deficit for 2022 to be about 15%. LOL.  So we will have huge deficit in 2020 because of covid ( less income from taxes and more spend to fix covid) Then we will have deficit in 2021, since there will not be vaccine for at least few months if not danger will be until late spring.  and now we will even have a 15% deficit in 2022. Al this will add into huge debt. Some countries were already indebted a lot in 2019.

Vaccine will do nothing new. No vaccine by end of 2021 will do a catastrophe.
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October 20, 2020, 03:57:10 PM
 #166

The media says the virus attacks the immune system.
And as everybody can see, there is no vaccine for AIDS.
You cant isolate and disable a virus which attacks the immune system. If you put a vaccine for it, it will come activated.
Bill Gates said the virus will be active, so that your body (but not his) becomes a "vaccine factory".

So, yes a vaccine can cause the price to crash, as long as it causes a second wave of C19.
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October 24, 2020, 08:25:02 PM
 #167

Don't think btc could crush due to Covid-19 vaccine.the point is,, Covid-19 isn't a painful headache anymore to people. Lets imagine vaccine would do that but some days later, if situations start recover, people again start to investment on btc cause there are large number of people who sold their crypto for manage livelihood, they are going to stock btc again.but in reality, Covid-19 can't get it down even still btc increasing

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October 25, 2020, 09:35:11 AM
 #168

Don't think btc could crush due to Covid-19 vaccine.the point is,, Covid-19 isn't a painful headache anymore to people. Lets imagine vaccine would do that but some days later, if situations start recover, people again start to investment on btc cause there are large number of people who sold their crypto for manage livelihood, they are going to stock btc again.but in reality, Covid-19 can't get it down even still btc increasing
There could be an effect once the vaccine is announce available, but it should not be for the bad of bitcoin that will result to crash, that's a wrong assumption IMO as good news usually bring positive result to crypto.

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October 25, 2020, 02:02:29 PM
 #169

Don't think btc could crush due to Covid-19 vaccine.the point is,, Covid-19 isn't a painful headache anymore to people. Lets imagine vaccine would do that but some days later, if situations start recover, people again start to investment on btc cause there are large number of people who sold their crypto for manage livelihood, they are going to stock btc again.but in reality, Covid-19 can't get it down even still btc increasing
There could be an effect once the vaccine is announce available, but it should not be for the bad of bitcoin that will result to crash, that's a wrong assumption IMO as good news usually bring positive result to crypto.

After COVID-19 spread the entire world there was less demand for Bitcoin because people were losing their jobs and had less money to spend, almost every industry was affected by this pandemic. Now slowly things are getting better and people are getting jobs back and risk is going backup, and hopefully BTC price will continue to increase.










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October 25, 2020, 06:23:40 PM
 #170

There could be an effect once the vaccine is announce available, but it should not be for the bad of bitcoin that will result to crash, that's a wrong assumption IMO as good news usually bring positive result to crypto.

If the economy recovers and more jobs are created, then definitely people will be left with more money in their hand. And a small fraction of it may end up in investing in cryptocurrencies. And during the last few days, there have been a lot of good news as far as the vaccine is concerned. The British government has issued a statement, claiming that the mass vaccination may start there within the next two months.
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October 25, 2020, 09:25:01 PM
 #171

Anyone checking the latest exchange rates? BTC is almost at 12K, and we had around 15% increase in the exchange rate during the past 3-4 days. It had nothing to do with any of the vaccine-related research. More interestingly, the Bitcoin dominance is about to hit the 60% mark after many weeks (right now it is at 59.8%). From this, we can assume that the development of the vaccine is having zero impact on the exchange rates.

Exactly. Bitcoin keeps going up in price regardless of events in the mainstream world. Vaccine or not, it seems that Bitcoin will experience increased demand over time. Thanks to COVID-19, people have become aware of crypto and Blockchain technology. They're starting to rely on Bitcoin as a store of value just like Gold. Eventually, Bitcoin will become the most valuable asset/commodity in the world. It might surpass Gold's market cap if it continues to experience high demand on the market. With COVID-19 tumbling the mainstream economy, Bitcoin has been proven to be resilient in times of need.

After a vaccine for COVID-19 is released to the public, Bitcoin's prices will continue to rise all the way to the moon or remain stagnant on the market. But it'll never crash because people still admire it as a safe-haven asset against the existent monetary system. Bitcoin is too big to fail right now. Of course, nothing lasts forever. But given how Bitcoin has gathered a large amount of supporters around it in just a short amount of time (11 years to be exact), tells us that it'll be here to stay for a long, long time. Which is why, I believe that those who say a COVID-19 vaccine will cause a Bitcoin crash are nothing more than naysayers (haters) who're subject to the corrupt monetary system backed by banks and governments worldwide. Decentralization will ultimately prevail, making Bitcoin last for many generations. Just my opinion Smiley

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October 25, 2020, 11:04:21 PM
 #172

There could be an effect once the vaccine is announce available, but it should not be for the bad of bitcoin that will result to crash, that's a wrong assumption IMO as good news usually bring positive result to crypto.

If the economy recovers and more jobs are created, then definitely people will be left with more money in their hand. And a small fraction of it may end up in investing in cryptocurrencies. And during the last few days, there have been a lot of good news as far as the vaccine is concerned. The British government has issued a statement, claiming that the mass vaccination may start there within the next two months.

Yes, that's going to happen but I also see one reason why bitcoin did not crash during the current times is because we have big investors, it's not really that we have volume of investors, we have big investors who are putting big money that they can still survive despite of the pandemic, and since they are in control, this market would not dump unless they'll manipulate.

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October 26, 2020, 03:18:16 AM
 #173

Yes, that's going to happen but I also see one reason why bitcoin did not crash during the current times is because we have big investors, it's not really that we have volume of investors, we have big investors who are putting big money that they can still survive despite of the pandemic, and since they are in control, this market would not dump unless they'll manipulate.

We had the block reward halving around 5 months ago. So ideally the exchange rates would have gone up, rather than crashing. But that never happened, probably as a result of the economic downturn brought by the COVID 19 pandemic. With the impact of the pandemic weaning off, we can expect the prices to move upwards in the coming months. On top of that we have good news, such as the PayPal adoption.
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October 26, 2020, 07:10:35 AM
 #174

Don't think btc could crush due to Covid-19 vaccine.the point is,, Covid-19 isn't a painful headache anymore to people. Lets imagine vaccine would do that but some days later, if situations start recover, people again start to investment on btc cause there are large number of people who sold their crypto for manage livelihood, they are going to stock btc again.but in reality, Covid-19 can't get it down even still btc increasing
Actually that is the point here Bitcoin will crash but not for long time just at least in few days or weeks?because the vaccine will surely impact all the market and not only Bitcoin so lets accept this will come and  treat as advantage because at least we can buy more before if climbs up high again.
Bitcoin always come to recover we already knew that,Last march is the last Dump we experience but in a matter of week recovery happen and in a month time the price returns  growing again.

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November 10, 2020, 08:42:13 PM
Merited by SmokerFace (2)
 #175

I am wondering how the Covid-19 vaccine causes the death of bitcoins ?.
The guy you quoted is actually saying the price will go up instead of the death of Bitcoins so I am not sure where you got this statement from.

I think you're trying to say that people will buy vaccines with their bitcoins and spend all their coins.
Read the article mentioned in OP because the reason is not that people will buy vaccine with all their coins, you made me laugh Grin.

You're totally wrong this vaccine will be free of cost from the government and they'll supply itself to every citizen. Maybe it may affect a little bit of bitcoin cost but not too much.
It would be free and it should be free I should say but please read the OP to get the context in which the discussion is going on because you gave it a whole new meaning with the context you are talking. The link for article isn't working for me but hopefully it is just because of geographical location, so should open for you.

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November 11, 2020, 04:45:49 AM
 #176

I am wondering how the Covid-19 vaccine causes the death of bitcoins ?.
I think you're trying to say that people will buy vaccines with their bitcoins and spend all their coins.
You're totally wrong this vaccine will be free of cost from the government and they'll supply itself to every citizen. Maybe it may affect a little bit of bitcoin cost but not too much.
Not death but dump or crash. There's an explanation why a crash is likely when the vaccine has been made. And as a matter of fact, Pfizer and Biontech just announced their vaccines which means that they're ready for production. But I still don't get how these assets will crash because of the vaccine. Nevertheless, Robert was telling that it's the best time to buy if that crash comes. And nobody has said that they will be using their bitcoins to buy vaccine.

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November 11, 2020, 10:59:34 AM
 #177

It looks like Bitcoin price will be affected if the vaccine comes out,
and that is good news in my opinion, on the one hand now that the price of bitcoin has gone up it would be very risky to buy it,
but with a correction below $ 10k again happening, I'm sure the whales will go in to buy after it's bullrun back again.
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November 11, 2020, 11:58:13 AM
 #178



If the economy recovers and more jobs are created, then definitely people will be left with more money in their hand. And a small fraction of it may end up in investing in cryptocurrencies. And during the last few days, there have been a lot of good news as far as the vaccine is concerned. The British government has issued a statement, claiming that the mass vaccination may start there within the next two months.

People are just speculating but all these speculations are baseless, your reasoning is more sounds people are buying stocks because they have a job and they are secure and they have a business, all of these are coming back so why people speculating that when we get back to normal the market will crash, this is a FUDS because some sectors of us here wants the market to crash when there is a vaccine because that will be the time that the price will pump hard.

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November 11, 2020, 12:08:12 PM
 #179

Robert Kiyosaki is one of my influencers but this time I do not believe to his statement that the bitcoin will crash if a certain vaccine will be found or create where it is really safe for humans like us. Actually there is a positive impact in all financial instruments when a big pharma located in USA where the vaccine is already 90% effective in the phase 3. Investors who are still afraid will start now re invest their money for sure and it can drive the price to increase more. I do not also believe in speculations and predictions of the others because for me it can create hype, I just following my guts and also myself analysis by reading charts.

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November 12, 2020, 09:37:08 AM
 #180

Free vaccine is something I am not entirely sure about. Obviously there are a lot of nations that has universal healthcare and they will get the vaccine for free and apply to every citizen, they will use governmental rights to deny all profits to pharma companies if they have to, or they would come to agreement to pay them something small from treasury and just give it to citizens at which case your taxes pay for it, it is not free.

However in USA where medical world makes hundreds of billions of dollars profit and charge people 50x more than what medicine costs, I am not sure if it will be free or not. When corona first started there were places doing corona tests for 3k dollars, there were free clinics as well but there were places charge 3k, so I assume USA may not be free.
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November 12, 2020, 10:05:55 PM
 #181

This whole call is kind of based around the sell the news dynamic which is vaccine perception changes the meta.   I would add that the vaccine will not be immediate nor the economic recovery from its effects.   We are going to be into a new presidential term Feb, March or later before theres any start to actual change from any vaccine being distributed.     What that means is we are speculating on the speculation, the perception of a recovery rather then any actual change.

Quote
Real problem NOT Pandemic. Real problem massive US debt.
Covid is a deflationary effect, there is no positive from losing people in deaths and the avoidance and treatment of the virus was a great cost.   The reason BTC rose was the weaker currency base which again isnt a positive either but it does mean the nominal price is far easier to rise, speculation increases from easier debt load and also the ratio between the two standards favors the more stable supply of BTC.    
  I dont see  BTC crash predicted by Robert Kiyosaki because there isnt a large difference only a change in perception, we can come back 12 months from now and I anticipate we'll be in a similar place on the fundamentals but perceptions should have changed then and I hope we wont be facing unvaccinated population in the majority so we'll have an improving positive on that front at least.   The debt will collapse, which means debt default (deflationary) or the dollar value is reduced by a further 90% of value over 10 to 20 years maybe; that doesnt equate to BTC failing and the trading call I dont agree with.

Dollar index may rise from now till February alongside doubts over governance which puts pressure on BTC, one call I heard was for 9000 but its just a maybe.   Its not a great crash just negative pressure.

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November 12, 2020, 10:42:32 PM
 #182

It looks like Bitcoin price will be affected if the vaccine comes out,
and that is good news in my opinion, on the one hand now that the price of bitcoin has gone up it would be very risky to buy it,
but with a correction below $ 10k again happening, I'm sure the whales will go in to buy after it's bullrun back again.

There is no direct relationship between vaccines and bitcoin, it seems, we know that when the pandemic alone bitcoin remained stable and trading was quite high.
so this increase is because there are indeed many who are hunting for investment because they think that this year's halving will affect the price of bitcoin next year. and they are preparing, but I think there is still a long time to go down again and it must be admitted that now bitcoin has become a short-term investment.


Many people relate bitcoin on so many things like unfortunate events and this vaccine things where there is no direct relation since they have different category which doesn't really affect us economically. This talk is irrelevant to discuss but since OP already open this maybe it's good to educate people that we shouldn't link anything on Bitcoin since there's no institution controlling it and no certain events can tell it's future.

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November 14, 2020, 01:58:56 PM
 #183

Looks like the exact opposite to me, the price has risen since it was announced that the 90% effective vaccine by Pfizer is to be rolled out.

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November 14, 2020, 02:51:47 PM
 #184

It looks like Bitcoin price will be affected if the vaccine comes out,


I have not read a concrete evidence that suggest that the market will crash if there is already a vaccine for CoVid, actually it's already a done deal, we have CoVid vaccine coming within 3 months that is a guaranty, but look at the market, they are still doing great, if the speculation is true the market should start crashing now, but it's not happening and I don;t think it even if the vaccine is out.
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November 16, 2020, 01:00:45 PM
 #185

Vaccines will not make an impact and bitcoin is unlikely to crash because the vaccine problem won't happen that's something small is not influential enough it is impossible for people to sell bitcoins to buy vaccines I think the price of vaccines is also unlikely to be too expensive definitely the price is normal as usual.


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Kong Hey Pakboy
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November 16, 2020, 04:37:22 PM
 #186

In my opinion, COVID-19 vaccines will not have any effect on bitcoin's price because I don't see any possible issues or reasons that will be unlikely to happen for bitcoin to dump it's price. The vaccine will definitely be expensive. But I don't think that the citizens needs to pay for the vaccine because the government will be covering all the vaccines expenses, so no one needs to sell out their bitcoins just to get the vaccine.

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November 16, 2020, 10:35:32 PM
 #187

I have not read a concrete evidence that suggest that the market will crash if there is already a vaccine for CoVid, actually it's already a done deal, we have CoVid vaccine coming within 3 months that is a guaranty, but look at the market, they are still doing great, if the speculation is true the market should start crashing now, but it's not happening and I don;t think it even if the vaccine is out.

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.

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SmokerFace
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November 17, 2020, 08:16:40 AM
 #188

I am wondering how the Covid-19 vaccine causes the death of bitcoins ?.
The guy you quoted is actually saying the price will go up instead of the death of Bitcoins so I am not sure where you got this statement from.

 Tongue Yup you're right it's funny as well.
I was trying to multi-quote from OP and this above post but ended up only quoting this post due to a lack of awareness at the time.
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November 17, 2020, 09:11:31 AM
 #189

I have not read a concrete evidence that suggest that the market will crash if there is already a vaccine for CoVid, actually it's already a done deal, we have CoVid vaccine coming within 3 months that is a guaranty, but look at the market, they are still doing great, if the speculation is true the market should start crashing now, but it's not happening and I don;t think it even if the vaccine is out.

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.
This gonna be a complicated situation
I mean indeed when the united nations announced that covid 19 is officially a pandemic in march all of the financial market crashed suddenly included bitcoin.
With this logic people will assumed that when the good news about vaccine to come , the market will gained even more as investor found the full confidence.
But on the other hand it is makes some people worried that the money invested during pandemic into an assets like bitcoin will get withdrawn and back to invest in real life assest like properties.
This is the reason why bitcoin could crash.
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November 17, 2020, 01:54:18 PM
 #190

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.
This gonna be a complicated situation
I mean indeed when the united nations announced that covid 19 is officially a pandemic in march all of the financial market crashed suddenly included bitcoin.
With this logic people will assumed that when the good news about vaccine to come , the market will gained even more as investor found the full confidence.
But on the other hand it is makes some people worried that the money invested during pandemic into an assets like bitcoin will get withdrawn and back to invest in real life assest like properties.
This is the reason why bitcoin could crash.

Yes, everything is really confusing from the very beginning - I wrote about it back in March. On the one hand, bitcoin is an anti-crisis protective asset and it should not have fallen like a stock market during the crisis, but should have grown. But everything happened differently than expected in theory. A similar "inconsistency" may occur here - perhaps investors, on the contrary, will increase their investments in bitcoin against the backdrop of good news and it will start a bull market in crypto.

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Wulan_maniez
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November 17, 2020, 03:06:33 PM
 #191

If there is already a vaccine for coronavirus, I am happy, because it can cure people who have been infected, and those of us who are still healthy will not be afraid anymore.
But honestly, although later vaccines will be found, and affect the price of bitcoin, it will not make me panic, maybe for those who are new to investing in crypto, be it bitcoin, with falling prices, they will panic. But I don’t think the price drop will continue and deepen.
If the price of bitcoin in these few months goes up, maybe there will be a price drop later, that’s natural. Especially if the price drop along with the discovery of vaccines, usually people assume because of the influence of vaccines. But actually, bitcoin should go down first because it is oversold.

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November 17, 2020, 03:18:15 PM
 #192

If there is already a vaccine for coronavirus, I am happy, because it can cure people who have been infected, and those of us who are still healthy will not be afraid anymore.
But honestly, although later vaccines will be found, and affect the price of bitcoin, it will not make me panic, maybe for those who are new to investing in crypto, be it bitcoin, with falling prices, they will panic. But I don’t think the price drop will continue and deepen.
If the price of bitcoin in these few months goes up, maybe there will be a price drop later, that’s natural. Especially if the price drop along with the discovery of vaccines, usually people assume because of the influence of vaccines. But actually, bitcoin should go down first because it is oversold.
Agree. Only those who are new with bitcoin will be panic with this news. And those who shorts bitcoin can take this as an advantage. However, this will not last long. After the correction, bitcoin tends to climb to a new level. The more corrections we have, the more stable the uptrend of bitcoin will be.

I strongly believe that bitcoin can not lose more than 30% of its price in the next few weeks. Bitcoin is having a powerful momentum which makes the price go up continuously. Therefore, be brave while holding bitcoin

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November 17, 2020, 03:40:26 PM
 #193


If BTC and cryptocurrency continue to rise and gain more users because everybody turned into cashless, someone should poke Robert Kiyosaki to remind him of his post. It might crash but not the kind of like $20K down to $3k like it did in 2018.

If there is already a vaccine for coronavirus, I am happy, because it can cure people who have been infected, and those of us who are still healthy will not be afraid anymore.
But honestly, although later vaccines will be found, and affect the price of bitcoin, it will not make me panic, maybe for those who are new to investing in crypto, be it bitcoin, with falling prices, they will panic. But I don’t think the price drop will continue and deepen.
If the price of bitcoin in these few months goes up, maybe there will be a price drop later, that’s natural. Especially if the price drop along with the discovery of vaccines, usually people assume because of the influence of vaccines. But actually, bitcoin should go down first because it is oversold.
Agree. Only those who are new with bitcoin will be panic with this news. And those who shorts bitcoin can take this as an advantage. However, this will not last long. After the correction, bitcoin tends to climb to a new level. The more corrections we have, the more stable the uptrend of bitcoin will be.

I strongly believe that bitcoin can not lose more than 30% of its price in the next few weeks. Bitcoin is having a powerful momentum which makes the price go up continuously. Therefore, be brave while holding bitcoin

The FOMO is on for the institutional investors, they will start buying back when the price dip to 5%- 10%. They are just hurrying to buy for there is a chance that BTC will replace gold as a reserve.

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November 18, 2020, 01:17:30 AM
 #194

Looks like the exact opposite to me, the price has risen since it was announced that the 90% effective vaccine by Pfizer is to be rolled out.

This is an indication that crypto doesn't necessarily react to events in the mainstream world. Its decentralized and open source nature allows it to remain resilient and impervious against most situations that happen in the real world. For instance, crypto went down in price when COVID-19 took the world by storm during March 2020. But a few months later, everything started to go uphill. My guess is that the same will happen after the COVID-19 vaccine is distributed. The main reason why prices are going all the way to the moon is because of Bitcoin's third halving. Increased adoption from renowned companies had also a positive effect over crypto's prices on the market (consider PayPal's recent announcement of letting users buy/sell Bitcoin).

In the end, Bitcoin will survive regardless of what happens in the mainstream world. As far as I can tell, a vaccine will not crash Bitcoin's price. Instead, it'll cause a small dip in price as the mainstream economy recovers. I think the comments of a Bitcoin crash due to a COVID-19 vaccine, is mostly attributed to naysayers or haters of the cryptocurrency. Banks, the wealthy, and mainstream governments may be behind this in order to scare people away from Bitcoin. As long as the pioneer cryptocurrency (Bitcoin) remains decentralized, it'll be able to last a lifetime. It's not about price, but rather how useful Bitcoin is for everyday payments. And so far, it's been doing a pretty good job (despite being slow and expensive at times). I wouldn't be surprised if Bitcoin sees new ATHs in price on or before its forth halving. It's a one-of-a-kind store of value that's better than Gold in every way. Just my opinion Smiley

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November 19, 2020, 01:30:26 PM
 #195

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.
This gonna be a complicated situation
I mean indeed when the united nations announced that covid 19 is officially a pandemic in march all of the financial market crashed suddenly included bitcoin.
With this logic people will assumed that when the good news about vaccine to come , the market will gained even more as investor found the full confidence.
But on the other hand it is makes some people worried that the money invested during pandemic into an assets like bitcoin will get withdrawn and back to invest in real life assest like properties.
This is the reason why bitcoin could crash.

Yes, everything is really confusing from the very beginning - I wrote about it back in March. On the one hand, bitcoin is an anti-crisis protective asset and it should not have fallen like a stock market during the crisis, but should have grown. But everything happened differently than expected in theory. A similar "inconsistency" may occur here - perhaps investors, on the contrary, will increase their investments in bitcoin against the backdrop of good news and it will start a bull market in crypto.
My concern gets even bigger now with the bitcoin price looks so bubble.
Could explode anytime and especially when the vaccine distributed and feel works handling the virus
That is the moment where everything decided.
Will the investor remain confident in holding bitcoin? Or leaving completely to move into a promising real estate business like they used to?
I am preparing for the worst scenario , holding half cash is a must , you dont want to miss the moment where everything dropped like in march right? Cash is god for now at least until everything backup completely to normal.
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November 19, 2020, 05:23:59 PM
 #196

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

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November 20, 2020, 01:16:25 PM
 #197

Yes, everything is really confusing from the very beginning - I wrote about it back in March. On the one hand, bitcoin is an anti-crisis protective asset and it should not have fallen like a stock market during the crisis, but should have grown. But everything happened differently than expected in theory. A similar "inconsistency" may occur here - perhaps investors, on the contrary, will increase their investments in bitcoin against the backdrop of good news and it will start a bull market in crypto.
My concern gets even bigger now with the bitcoin price looks so bubble.
Could explode anytime and especially when the vaccine distributed and feel works handling the virus
That is the moment where everything decided.
Will the investor remain confident in holding bitcoin? Or leaving completely to move into a promising real estate business like they used to?
I am preparing for the worst scenario , holding half cash is a must , you dont want to miss the moment where everything dropped like in march right? Cash is god for now at least until everything backup completely to normal.

Investing in real estate now looks even more dubious than investing in bitcoin (although it may depend on the country, for example, in my country, real estate is getting cheaper).
In terms of bubbles, I see a huge bubble in the stock market. If you look at the stock market, you might think that the virus has been defeated long ago and the crisis has been overcome, but this is not so.

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November 20, 2020, 02:00:28 PM
 #198

My concern gets even bigger now with the bitcoin price looks so bubble.
Could explode anytime and especially when the vaccine distributed and feel works handling the virus
That is the moment where everything decided.
~

The vaccine has been found and being tested around the world but bitcoin prices remain to increase steadily towards new ath.
However, it will take a long time for the vaccine and the world to normalize, predicted in early 2022, despite bitcoin may encounter a big drop before 2022.
The real crash probably when bitcoin reached the peak point and the world economy is running ordinarily, investors will cash out and switch to stocks once again.
The Covid-19 vaccine is just one medium to control the spread of the virus and it takes time to completely stop the spread. We can expect the world economy will begin to recover by the end of 2021 and begin to normalize in 2022.

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November 24, 2020, 08:08:43 AM
 #199

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

sometimes everything always relates to the situation with bitcoin but it is true that you say that not all can be related. because sometimes there is no relationship at all with each other which may just be a coincidence.

The discovery of the covid-19 vaccine clearly has nothing to do with bitcoin because we know that during the pandemic, bitcoin is running normally and there is no connection between them. Sometimes people are quick and easy to associate a problem with what is happening with bitcoin.

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November 26, 2020, 12:11:41 AM
 #200

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

Exactly. What we've seen over the course of crypto's history, is that the market doesn't necessarily react to events in the mainstream world. That's largely because of the way crypto/Blockchain tech is designed. Decentralization is what makes crypto stand strong regardless of negative events in the real world. COVID-19 did benefit crypto more than it benefited the stock market. Ever since the pandemic took the world by storm, demand for crypto has been on the rise. I doubt that a vaccine will cause a crash in Bitcoin's prices on the market. After the announcement of Pfizer and Moderna's new COVID-19 vaccine, prices have remained untouched on the market. We're now close to Bitcoin's latest ATH of $20k per coin, meaning that the best is yet to come.

Despite naysayers' comments about Bitcoin, the crypto space will survive for many generations. Remember when they said Bitcoin was going to die back a couple of years ago? Even Mike Hearn declared Bitcoin to be a "failed experiment". Yet, the pioneer cryptocurrency is still alive and running with an ever-increasing demand on the market. Which is why, I believe that with or without a COVID-19 vaccine, crypto will thrive as an alternative to the current monetary system focusing on decentralization/censorship resistance above all else. Just my thoughts Grin

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November 27, 2020, 07:37:34 AM
 #201

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all
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December 20, 2020, 01:11:56 PM
 #202


The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

sometimes people quickly see the good or bad movement of bitcoin, it will be linked to something that was there at that time, like today with the covid-19 and expansion of the distribution of existing vaccines, even though we know directly that there is no relationship whatsoever between bitcoin and that matter. just because the moment just happens to be the same then the observer insists that there is a connection, even though it doesn't exist at all.


covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all

yes, I strongly agree from what you said, that indeed with this pandemic, almost all affected countries will experience economic difficulties because of the pandemic. because there is no income into the state treasury because many companies have to stop production and there are no activities that can get income from taxes. In fact, the state has to prepare finances from unexpected budgets to be used for all the needs caused by this pandemic. I hope this pandemic will pass soon.
but all of that will not have a direct relationship to the development of bitcoin itself because it is clearly different in designation and system.

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December 20, 2020, 02:53:32 PM
 #203

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.
Exactly there's no direct connection between the two. Even if the vaccines have been out to the public still I don't think of any reason why it will have a big impact in crypto, is that because people will sell their holdings just to afford the vaccine? I don't even think that vaccines would be that expensive though. I'm not gonna lie that there's a chance that Covid-19 could probably help Bitcoin to surge because some folks in the stock market could probably move into crypto space to save their investment. But I don't think that it will also cause a plummet for Bitcoin when the vaccine is done because first of all, it's been a cycle that after a rally there will be a correction. Thereby I don't see any connection between them.



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December 22, 2020, 05:16:06 PM
 #204

Exactly there's no direct connection between the two. Even if the vaccines have been out to the public still I don't think of any reason why it will have a big impact in crypto, is that because people will sell their holdings just to afford the vaccine? I don't even think that vaccines would be that expensive though. I'm not gonna lie that there's a chance that Covid-19 could probably help Bitcoin to surge because some folks in the stock market could probably move into crypto space to save their investment. But I don't think that it will also cause a plummet for Bitcoin when the vaccine is done because first of all, it's been a cycle that after a rally there will be a correction. Thereby I don't see any connection between them.

Couldn't agree more with you, mate. It's been shown time to time that most events in the mainstream world have little to no effects over Bitcoin's price. That's largely because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. This is good because it tells us Bitcoin is truly sound money. A COVID-19 vaccine won't move the crypto market in a downward trend, as people continue to buy and "hodl" Bitcoin. The public already considers the pioneer cryptocurrency to be a store of value like Gold. Prices could go down at times, due to Bitcoin's volatile nature. But not to a point where it crashes all the way down the drain.

Nonetheless, time will tell us what will lie ahead with the distribution of a COVID-19 vaccine. If all goes well, expect everything to go back to normal. Bitcoin will still be relevant as we shift into a cashless society. The level of interest by governments and central banks into launching CBDCs, tells us that Bitcoin and other cryptocurrencies aren't going anywhere. In fact, a post-COVID world should make Bitcoin more popular than ever. With each halving taking place every 4 years, prices will only go up in the not-so-distant future. Just my thoughts Grin

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February 16, 2021, 04:19:38 AM
 #205

I am wondering how the Covid-19 vaccine causes the death of bitcoins ?.
I think you're trying to say that people will buy vaccines with their bitcoins and spend all their coins.
You're totally wrong this vaccine will be free of cost from the government and they'll supply itself to every citizen. Maybe it may affect a little bit of bitcoin cost but not too much.
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February 16, 2021, 08:07:23 AM
 #206


covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all

Some said that during this pandemic most of people would allocate their money to  investment like for example cryptocurrencies or stocks more and decrease the allocation for offline business since pandemic already bring down really big portion of profit that they should've earned. Maybe that could somehow have connection with bitcoin dumping but honestly, not really making the whole crypto market crash if vaccine somehow distributed completely.

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February 16, 2021, 09:46:35 AM
 #207

The Vaccine might release effects built up during covid which was somehow a move away from bricks and mortar business investment to the more virtual and distance selling for obvious reasons it was a healthier move to favour distance in business.   We will get a return to normality and some kickback in prices and market assets because of that quite likely.
   Thats not bearish exactly, its better that the economy readjusts and of course it means people can move freely and choose whatever they want.   I'm quite sure we have taken a large step away from over crowding and giant traffic jams maybe forever.  The airborne virus threat is always there to some extent and every year a small percentage find the flu to be fatal so it was just more obvious with this particular strain but we had the bird flu and other types before and we will again imo.
  Crypto isnt under any greater threat then normal, it goes up and it comes back down and its always in some adjustment in every year through various cycles and tides of change.   I think over five years we are appreciating in value and I hope usage is paired to that not just speculation so I hope to see further developments.

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February 16, 2021, 09:57:27 AM
 #208

Stupid correlations

China ban
ETF
Christmas
Chinese New Year
etc.

Heard it all but we all know it’s the human mind trying to fill in the blanks.

Bitcoin is like honeybadger. Don’t give a shit...

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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February 17, 2021, 09:05:02 AM
 #209

Vaccine was created, bitcoin even rise more, so it's wrong.

People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.

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February 17, 2021, 10:03:09 AM
 #210

Vaccine was created, bitcoin even rise more, so it's wrong.
This speculation was created then the Virus is really making sounds around the world and because of too much concern OP comes to this idea.

But you are correct , with the booming price of Bitcoin and the vaccine has been injected to human around the world ?

I guess the Thread must be change or at least the ambiance of comments.

Quote
People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.
When the Death toll is really increasing we cannot blame people to think out of the canvas idea because it is the funds they have vested inside crypto is at stake , but now that we are seemingly getting over from the nightmare?
then we will be changing from the Negative to Most positive ways.

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February 17, 2021, 10:06:06 AM
 #211

Vaccine was created, bitcoin even rise more, so it's wrong.
And it's obvious that any news doesn't have effect on bitcoin market.

People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.
And just like that bitcoin narrative has developed, we may never know, but one day we will here government praising bitcoin. Currently, it is being used by a lot of big companies as hedge from inflation, and preserving their assets.

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February 17, 2021, 09:49:06 PM
 #212

Vaccine was created, bitcoin even rise more, so it's wrong.
And it's obvious that any news doesn't have effect on bitcoin market.
Yes, News about health, concerns covid is no effect. Covid in china around 4 months earlier before covid in my country but the market still sleep. And we are still in covid pandemic disease and Bitcoin already Bullrun, so Covid is no effect on the Bitcoin market.



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Rainbot
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February 17, 2021, 10:18:45 PM
 #213

Vaccine was created, bitcoin even rise more, so it's wrong.
And it's obvious that any news doesn't have effect on bitcoin market.
Yes, News about health, concerns covid is no effect. Covid in china around 4 months earlier before covid in my country but the market still sleep. And we are still in covid pandemic disease and Bitcoin already Bullrun, so Covid is no effect on the Bitcoin market.
vaccines are good news, not bad news, we know that cryptocurrencies are very positive during a pandemic, and are said to be the most profitable asset to store value in, and if the pandemic ends many people think that the bulls are over, but it looks like it will be debunked, that vaccines is a positive impact on cryptocurrencies. I am sure of that.

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February 17, 2021, 10:59:01 PM
 #214

Vaccine was created, bitcoin even rise more, so it's wrong.
And it's obvious that any news doesn't have effect on bitcoin market.
Yes, News about health, concerns covid is no effect. Covid in china around 4 months earlier before covid in my country but the market still sleep. And we are still in covid pandemic disease and Bitcoin already Bullrun, so Covid is no effect on the Bitcoin market.
vaccines are good news, not bad news, we know that cryptocurrencies are very positive during a pandemic, and are said to be the most profitable asset to store value in, and if the pandemic ends many people think that the bulls are over, but it looks like it will be debunked, that vaccines is a positive impact on cryptocurrencies. I am sure of that.

With the current situation, it seems it contradicts the title thread that with covid vaccine, bitcoin will crash. It is the opposite that is happening right now. It will be debunked as more and more institutions are coming into crypto and spending their assets to buy. Now, that a lot of people or companies are seeing the benefits of crypto, they will adopt it in their system, which will eventually increase the adoption. With adoption, it will increase the demand in the market and so its price.
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February 17, 2021, 11:54:08 PM
 #215

Vaccine was created, bitcoin even rise more, so it's wrong.

People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.

Many vaccines have been created, but I doubt their effectiveness - in countries where the percentage of vaccinations is high (for example, in the UK) the epidemic continues and the death rate is terrifying (at least according to the official figures). And as you can see from the news, the process of distributing money continues in almost all countries and this leads to inflation. I can say that the crisis is in full swing and we can talk about what led to what only after it is over. It is possible that with the end of the crisis, bitcoin will experience a deep correction.

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February 18, 2021, 05:31:22 AM
 #216

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all
There are no serious reasons to fear the collapse of bitcoin in connection with the advent of the coronavirus vaccine. The coronavirus has already had a positive impact on cryptocurrency in the sense that over the past year it has attracted people's attention to cryptocurrency and showed them the way to escape from inflation of common currencies of states. The emergence of effective vaccines will simply consolidate the achieved effect, which is evidenced by recent events. Vaccination in the world is now in full swing, and Bitcoin at this time has reached unprecedented price heights of $ 52,000.

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February 18, 2021, 05:42:53 AM
 #217

If this increase meaning bitcoin is crashing then what can be the growing ?

https://coinmarketcap.com/currencies/bitcoin/

Bitcoin has on its New All time High now valuing from 49,000 now at 52,000 and increasing more and more .

Stupid correlations

China ban
ETF
Christmas
Chinese New Year
etc.

Heard it all but we all know it’s the human mind trying to fill in the blanks.

Bitcoin is like honeybadger. Don’t give a shit...
Actually they damage a little but not in general , and for us all that we can call the corrections in which happening every time there is a Pump that happens and
how many of these happens since December last year?

for How many times that Bitcoin ha broken each ATH he made over time.

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February 18, 2021, 05:23:04 PM
 #218

Vaccine was created, bitcoin even rise more, so it's wrong.

People fear before on covid-19 but they were able to accept it already and they now have an idea that the decentralized coin will save a country from hyper inflation and they would not invest it if they are not influence by big companies or personalities that are also investing in bitcoin and crypto in general.

It's been shown from time to time that Bitcoin is impervious to events in the mainstream world. The pandemic has benefitted the decentralized economy than all the other way around. Vaccines are being rolled across several countries worldwide, yet Bitcoin and other cryptocurrencies are surging towards new ATHs. Like it or not, the crypto/Blockchain space is here to stay. With PayPal, Tesla, and now Mastercard joining the game, we may see Bitcoin heading towards higher prices in the long term. COVID-19 has essentially accelerated the adoption of digital payments in the mainstream world. Who knows what the future of crypto will be post-pandemic?

Nonetheless, haters will always try to spread misinformation or negative comments against Bitcoin in order to prevent people from using it. Saying that a COVID-19 vaccine will crash Bitcoin is totally foolish, in my own opinion. As I've said before, mainstream events have little to no impact over Bitcoin's prices on the market. This is good because it tells us that Bitcoin is growing more into an independent asset as time goes by. People are starting to realize Bitcoin is the best store of value in the world outside the reach of banks, governments, corporations, and other entities. This creates sound money for the world enabling true financial freedom to anyone, anywhere worldwide. When disaster strikes, Bitcoin will be there to save the day. Just my opinion Smiley

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February 18, 2021, 11:11:10 PM
 #219

The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.

covid 19 is designed to destroy the economies of many countries. with so many countries spending a lot of money, to solve it.
and the covid 19 vaccine has nothing to do with crypto at all
There are no serious reasons to fear the collapse of bitcoin in connection with the advent of the coronavirus vaccine. The coronavirus has already had a positive impact on cryptocurrency in the sense that over the past year it has attracted people's attention to cryptocurrency and showed them the way to escape from inflation of common currencies of states. The emergence of effective vaccines will simply consolidate the achieved effect, which is evidenced by recent events. Vaccination in the world is now in full swing, and Bitcoin at this time has reached unprecedented price heights of $ 52,000.
Another ATH and only blue sky above, but I find this Fortune article interesting with some good points for me to consider.
This isn’t the $50,000 Bitcoin we predicted https://fortune.com/2021/02/17/this-isnt-the-50000-bitcoin-we-predicted/
...
Quote
But nonetheless, it’s something all Bitcoin buyers should be thinking hard about: If nobody’s actually riding the merry-go-round, will it eventually stop?

I am hoping the merry-go-round keeps going to 500K  Grin
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February 19, 2021, 01:08:06 AM
 #220

I don't really know why people think that somehow the price of bitcoin is going to crash, do people actually think that just because the vaccine is already available all of the economic problems that we have are going to suddenly disappear? Do people actually believe that all of the jobs that have been lost during the pandemic are going to come back? Even if the healthcare aspects of the pandemic disappeared today we're going to have to deal with the economic consequences of the pandemic for years which means the price of bitcoin will remain where it is.

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February 25, 2021, 05:13:23 PM
 #221

I don't really know why people think that somehow the price of bitcoin is going to crash, do people actually think that just because the vaccine is already available all of the economic problems that we have are going to suddenly disappear? Do people actually believe that all of the jobs that have been lost during the pandemic are going to come back? Even if the healthcare aspects of the pandemic disappeared today we're going to have to deal with the economic consequences of the pandemic for years which means the price of bitcoin will remain where it is.

Exactly. The recovery of the mainstream economy doesn't happen overnight. It's a process that could take years before everything goes back to the way it was before the pandemic. The vaccine just gives us hope that the end of COVID-19 is near. Bitcoin seems to be largely unaffected by vaccine distributions, as prices are rising towards new ATHs (All-Time-Highs). More people are relying on Bitcoin as a sort of "hedge" against Fiat. As governments print more money to "help save the economy", Bitcoin's price will increase faster than you could ever imagine. Who knows if Bitcoin goes well above $100k in the upcoming months?

Nonetheless, comments about a vaccine causing a Bitcoin crash are nothing more than FUD. Haters try to spread such misinformation, in order to scare away people from Bitcoin. They want to buy the dip, to sell at higher prices in the long term. But that's not going to work, as more people are becoming aware of Bitcoin's true benefits relative to Fiat. To me, Bitcoin is the successor of Gold bringing a new era of financial freedom. Let's hope it goes all the way "to infinity and beyond". Just my thoughts Grin

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