COVID-19 Vaccine Will Cause Bitcoin Crash

[hahay]

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.

[carlfebz2]

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.

[Vishnu.Reang]

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.

[kotajikikox]

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 .

[Febo]

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.

[fabiorem]

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.

[Mehedi72]

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

[stadus]

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.

[kentrolla]

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.

[bryant.coleman]

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.

[Abiky]

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

[stadus]

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.

[bryant.coleman]

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.

[kotajikikox]

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.

[TheGreatPython]

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 .

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.

[passwordnow]

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.

[kapalmabur]

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.

[coin-investor]

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.

[Kahoy01]

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.

[tbterryboy]

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.