BTC - What next?

[exstasie]

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...

You might be right. However, it may not be so straightforward.

Presently, I believe the market agrees with you. Investors know that governments don't want to implement full lockdowns again because the economic costs are too great. They also know that central banks are willing to provide a floor under the bond markets in the worst case scenario.

But what happens if a second wave of COVID begins overtaking national health care systems? That was the motivation behind the lockdowns in the first place, and it's what could bring them again. Several European countries are hardening their current restrictions because cases are significantly ticking up again.

Whether this develops into full blown lockdowns again and whether other parts of the world follow suit remains to be seen. If that happens, it's going to rock the markets.

[1715023692]

1715023692

[SquallLeonhart]

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.

I would say bitcoin not falling was basically all it was created for, people assume that bitcoin going down would make it a lot worse but the reality is that pandemic did helped bitcoin to be seen in a different light, that is why it didn't went down that much. The reality is, bitcoin was created so when fiat currency gets screwed up by the politicians that would help you save your wealth if you put it in bitcoin.

So, assume USA prints another 20 or even 50 trillion dollars, I know it sounds like a joke but eventually over decades it will happen, if you keep your money in bitcoin your will be able to buy the same thing with 1 bitcoin you can buy today, maybe even more, but if you keep it in USD you will not be able to buy the same thing, your money will become less worthy.

[STT]

Still struggling to get past this 11.5k resistance but the backdrop is a rising trend up to this point so each point is in conflict until resolved.    Blue line is 2 day average, basic momentum which we are below just now more reliably I look at weekly average for split between positive and negative momentum so we remain positive and its reasonable to expect us to get past this to 12k and other higher prices.   However as a bet or trade, I'd rather wait for price action to prove itself first at this juncture.

[kentrolla]

Bitcoin has recognized as a currency in many countries and now its the most liquid and widely accepted currency in the world, however a lot of Investors are eagerly waiting to see a big change this year and predictions are coming in loads unfortunately the reality is different here.

Well the above resistance shows the price may go down but I don't think it will happen as we already in the last quarter of the year I am sure the price will slowly go upfront and boom the market.

[barbara44]

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?

If you are not here for the tech, you are doing it wrong. Even the price itself is tied to the tech behind it, if there was no blockchain that would have made bitcoin something lower than any game money out there, at least game money you could spend on the game itself and buy cards or whatever, with bitcoin you would have nothing.

The only reason people are so keen on buying bitcoin is the fact that it has a great blockchain technology behind it and that made it famous. Isn't there better tech out there nowadays? Of course there is but that doesn't change the fact that people first saw blockchain and how awesome it is from bitcoin and that is why they are constantly attracted to it. You do not have to love the tech behind it but you have to realize it plays a big role in it.

[darewaller]

Bitcoin has recognized as a currency in many countries and now its the most liquid and widely accepted currency in the world, however a lot of Investors are eagerly waiting to see a big change this year and predictions are coming in loads unfortunately the reality is different here.

Well the above resistance shows the price may go down but I don't think it will happen as we already in the last quarter of the year I am sure the price will slowly go upfront and boom the market.

We can't say bitcoin is the most liquid and widely accepted currency in the world when there is obvious real answer of US dollars, or even euro could be accepted everywhere, gold is an asset but not a currency but widely used everywhere.

So, I could say that world is at a place where we could name a lot of stuff that is more widely used than bitcoin by far, bitcoin is just starting now and it is not anywhere near where it could be in the future, of course there are times when we can do it, of course we are going to be able to call bitcoin the most widely used currency one day, but that is not today, that requires a lot of time and money to reach there and we do not have that just now.

After maybe 10-20 more years bitcoin could be standard currency for foreign money exchanges, instead of changing fiat to fiat everyone could get bitcoin and move anywhere in the world to spend it without having to use their fiat, just not now.