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Author Topic: COVID-19 Vaccine Will Cause Bitcoin Crash  (Read 2134 times)
Sapphire915
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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.

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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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