BTC - What next?

[$crypto$]

In my own opinion, I wouldn't transfer my btc to usdt as I can see it will increase in the coming or following days.

That will be the wrong decision to be made since if the prices is pumping up and decide to exchange it with stable coin for sure we will miss the opportunity to earn in this good movement occurring right now and I'd rather wait for more good things to happen since we might gonna see some more, but if there's a sudden movement came and price falls then I will do an action to sell and buy again when the price goes more cheaper.

For now the price of btc is still quite stable above 10k and this can still happen. It is possible to go up quickly in any situation we must be ready to take risks but I am sure what I hold not to change to USDT because this is not a volatile market therefore better wait for what happens in the future a moment that you want will definitely happen.

Our decision will be right if we are sure and already know about BTC, actually analysis is also needed in this and ready not to be forgotten by delaying when the opportunity arises.

[Ridwan Fauzi]

Bitcoin price has been able to break out from the symetrical triangle and seem like the price will up again. Also, if we look at the weekly candlestick it will form the bullish engulfing which is mean there so many investors who enter the market again after we got information about the second wave for covid 19. I will be expecting its price will go above 12k again and after that the next price is $20.000 as its all time high. That is just from the technical analyst only, we don't know what will happen next especially from fundamental factor.

[beerlover]

Excuse me mate but When did Bitcoin skyrocket again?yesterday?when the price break 11,000$ again?

Sorry if my sarcasm wasn't understood, I can understand how it could be misunderstood because I didn't use "skyrocketed" with "", obviously it didn't "skyrocketed" it just went up I was just mocking people who were trying to make it look like just because we went over $11k once again, they were all talking about how we are going to suddenly go to moon and be over $20k and so forth all those crazy people you have seen here a million times.

Basically what I was trying to say is that, we need to wait before we react, sure if it goes above $12k in a week and $13k after that very soon, I can agree that bitcoin big bull run might be coming, but until we see anything else, this small change doesn't really matter to me as much as people assume it should be impacting the market.

[Whitly]

As a BTC holder, I'm starting to think about moving a large part of my BTC to USDT.
2nd wave of COVID-19, gap on CME, SPX and news, that showing around -  creating not positive thinking about the near future for BTC and the crypto market in general (personally for me).

What's your thoughts about this situation?

     Reading all these posts I see, that people more scared of the upcoming US president election, than about something else.
Anyway, Bitcoin grew in 3 steps and started to flat during weekends (11250 - 11450).  I decided to sold part of my BTC and see how the stock market will open on Monday. About 2nd wave of COVID-19,  I also changed my mind, because I don't understand why the US has the lowest number of recovered people, than any other country in percent to total cases.

Here info by top 5:
US: 3 062 983 / 7 756 846 = ~39.5%
India: 6 077 976 / 7 053 806 =~86.2%
Brazil: 4 526 393 / 5 082 637 =~89.1%
Russia: 1 016 120 / 1 291 687 = ~78.7%
Colombia: 783 131 / 902 747 = ~86.7%

And yes, I'm not saying that bitcoin has no future, I'm talking about near future (month - two). Because to be honest , I'm here not for technology. And if there chance to put money in something that will safe my money or bring more, why not?

[kapalmabur]

I think the direction of bitcoin is still very good, the uptrend line can still be seen on the Bitcoin chart,
and the future is of course still bright, if you want to start buying, I think this time is the perfect time

[gatti]

Covid 19 had worst impact on bitcoin and Ethereum price in practical.At the beginning of pandemic,it had a good movement.Now seems the price of bitcoin had get back to new pump.This will make a new investors for sure.All the pump of bitcoin price will bring the new investors and traders by the value pump.

[YOSHIE]

What's your thoughts about this situation?
[/size]

You should have a positive mind about the crypto market, especially Bitcoin when the second Covid 19 pandemic happens again.

Indeed, currently the price of Bitcoin has little effect on the market, however, it is possible that the price could soar, even during this pandemic, many people are now switching to investing towards bitcoin, so there is no need to hesitate about that.

If I think I don't have to withdraw money to make USDT it can still be traded in Bitcoin today and in the future.

[maydna]

And yes, I'm not saying that bitcoin has no future, I'm talking about near future (month - two). Because to be honest , I'm here not for technology. And if there chance to put money in something that will safe my money or bring more, why not? [/size]

At least, you can try with trading to increase your money amount in bitcoin or usdt. And you can use the profit to buy gold, which will save your money value in the gold form. Bitcoin in the near month or two will be like this (I guess), and if there is not any good news out there, perhaps, bitcoin price will still move up and down like this. But in the long term, bitcoin can be back to the high price, such as $19k or more, but unfortunately, we don't know when that will happens.

We can now try to make more bitcoin and money, and we know that trading can be that way to earn money. So that is the chance that we have, and if you don't want to trade, I think you can hold your bitcoin in your wallet and do something else to make money. I am optimistic that bitcoin will have the time to rally, and if that is not happening this year, it could happen in the next year.

[3meek]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

[InvoKing]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

The economy is already suffering and its agony will continue with the current health crisis. Bitcoin will be affected by the less number of new users buying it maybe but this is mainly in countries with good economy since others with collapsed fiat would rather divert it in gold or cryptocurrencies.

[LUCKMCFLY]

~snip~

I think in the same way, the impact will not be the same, when the Covid-19 was at its maximum, the market suffered, now today there are many options, more vaccines have come out, which gives security to people and not allows them to panic as much as at the beginning of the year.

The price recovery in the middle of the pandemic was a fact, although it is not to be trusted, a second outbreak according to the strains of that virus can be very dangerous and more when it mutates, in any case Bitcoin investors have realized that Bitcoin it is a safe haven in times of crisis.

[gabbie2010]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

More so I believed many countries must have learnt how to deal with and curtail the virus based on the measures taken so far during the first wave of Covid-19 proper and adequate care is now given to infected persons and rate of recovery is high except the aged and some vulnerable people  some countries like UK had three tiers of lockdown rules the impact of this lockdown would not affect their economy much, above all I don't Bitcoin will experience any major dump, even after the first wave the price rallied tremendously after reaching a low of $3900+.

[DeathAngel]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

If nationwide lockdowns are again enforced I imagine the price would take a hit. It wouldn’t be as bad as in March but there would be some kind of dip surely.

[BChydro]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

The hype about the pandemic was really huge and the shutdown was real but i did not see the same impact in the stock market if you take into account the entire market was shut including manufacturing units for a while and i am yet to understand how the market was able to hold firm for a long time even though there were some corrections every now and then, so if a second and third wave hits you need to see whether the markets could hold further.

[Oceat]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

The hype about the pandemic was really huge and the shutdown was real but i did not see the same impact in the stock market if you take into account the entire market was shut including manufacturing units for a while and i am yet to understand how the market was able to hold firm for a long time even though there were some corrections every now and then, so if a second and third wave hits you need to see whether the markets could hold further.

So far the market isn't affected by this pandemic and it's just normal to see such price going up and down since it is what it is when there are active traders. And the hype of bull run is nearly coming so it's safe to assume that there might be a sudden dump but who knows what kind of rumor that will come out to make it look like there's a FUD but I'm really assuming there will be something like that in the near future.

[smyslov]

So many predictions going about the dip and the new all-time, but it will go one way and that is the price will be better and we will see another all-time high next year that is if history repeats itself this is the same scenario we're in on Bitcoin's last halving, so this is the same scenario I'm going to take in now.

[Oasisman]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

The hype about the pandemic was really huge
 and the shutdown was real but i did not see the same impact in the stock market if you take into account the entire market was shut including manufacturing units for a while and i am yet to understand how the market was able to hold firm for a long time even though there were some corrections every now and then, so if a second and third wave hits you need to see whether the markets could hold further.

What pandemic hype are you talking about?
Is there a hype happened during this pandemic?
Again, I don't see any good effects on Btc's price that caused by the pandemic. Cryptocurrency isn't just affected by the pandemic and that's all. Corona virus didn't boost Btc price. Infact, it destroys every market in the financial industry and it destroys the economic state of the heavily affected countries. So, I don't think there's a hype in this pandemic.

[ultrloa]

It seems to me that the second wave of COVID will not affect the economy as it was the first time, because then no one was waiting for it, and now everyone knows about it! So I wouldn't expect a strong price decline...

The hype about the pandemic was really huge and the shutdown was real but i did not see the same impact in the stock market if you take into account the entire market was shut including manufacturing units for a while and i am yet to understand how the market was able to hold firm for a long time even though there were some corrections every now and then, so if a second and third wave hits you need to see whether the markets could hold further.

So far the market isn't affected by this pandemic and it's just normal to see such price going up and down since it is what it is when there are active traders. And the hype of bull run is nearly coming so it's safe to assume that there might be a sudden dump but who knows what kind of rumor that will come out to make it look like there's a FUD but I'm really assuming there will be something like that in the near future.

Not totally affected to the extent that we didn't see a huge fall which people expects when pandemic hits, the price seems stabilize which is great posture for bitcoins when crisis is on. But on the other hand the pandemic is preventing the expected growth brought by the halving and I believe if this disease didn't occur and this the effect of halving occur for sure we will see the price reached to the past ATH or maybe it will get more.

[tbterryboy]

I think the direction of bitcoin is still very good, the uptrend line can still be seen on the Bitcoin chart,
and the future is of course still bright, if you want to start buying, I think this time is the perfect time

I would say the perfect time was a few months ago or in 2021 because right now we are in the 4th quarter of this year and during these times the price of bitcoins usually remains on a higher side, I don't know the reason but I have seen this pattern over years as an investor.

Covid 19 had worst impact on bitcoin and Ethereum price in practical.At the beginning of pandemic,it had a good movement.Now seems the price of bitcoin had get back to new pump.This will make a new investors for sure.All the pump of bitcoin price will bring the new investors and traders by the value pump.

At the beginning of pandemic the price was doing good movement? Mate are you kidding me? The price dropped as low as 4-5k during March when the virus was actually starting to spread.

I agree though that the price will now continue to recover as we move to a phase where although a second wave of corona is expected but I don't really expect too dire of circumstances as they were when the virus first came so price should recover slowly and we might see a new ATH in coming months.

[jostorres]

It is your money so take the decision which suits you but since you asked for opinion, I would say that the corona virus pandemic is now towards it's end and if you are thinking of divesting your assets or bitcoins now you might regret when the price goes bonkers in upcoming months because in such tough times the crypto market stood strong and now as times are improving you are thinking of selling it? That might be a bad move if you ask me but then again I am no expert and it is easier to give advice than to do it myself.

I would be holding my small amount of coins whatever I have till March 2021 and if the price does not show positive signs I will liquid some part of it because I assume by March the pandemic should be nearly over and if the market does not improve by then I don't know it if ever will in neat future.