Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Bobcrypto on April 27, 2020, 10:11:18 PM
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Many people may agree with me that Bitcoin, the first crypto to exist, is no doubt a stronger, more resistive than the stock market, forex, crude oil and others financial instrument used in the economy of the world. Just check out Bitcoin performance during this lockdown (covid19) and you may be suprise by the crypto market situation. It is very amazing. Isn't it? What do you think of this current situation!
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Bitcoin price will be improving faster because the halving just several days again. I assume the increase will continue till the upcoming halving. Yep, even if Covid-19 can affected the price a bit but it continues to increase quite well now. let's monitor the price, who knows there will be bullish again.
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After a sharp drop in the price of bitcoin in mid-March after the emergence of coronavirus and the need for urgent measures to combat it, bitcoin and the entire cryptocurrency market are gradually recovering to date. This is a good trend that indicates the stability of this market.
As for Bitcoin, in general, it needs to solve its protracted problems with scalability and reducing transaction costs. Without solving these problems, he will gradually lose his position.
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This is the way it should be, because Bitcoin is the father of all cryptocurrencies and the biggest demand for investing in cryptocurrencies is precisely for Bitcoin, so Bitcoin will grow in price faster than other cryptocurrencies.
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I agree that Bitcoin is a strong asset that can survive very well in current world's crisis. Sure it is influenced by the global crisis during the Covid-19 but the price can increase again quickly. I rarely saw a strong character of a digital asset like Bitcoin. It is amazing as you said! ;)
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approaching halving bitcoin of course this will strengthen the value of bitcoin. this situation makes me often monitor several markets such as binance.
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I once thought the price of Bitcoin would go down when oil prices fell, then I saw the price of gold and it turned out that the price of gold had risen quite well, I think the rise in the price of bitcoin is currently caused by halving which will take place in May, so many investors are holding bitcoin and still waiting for high prices to be sold
Bitcoin is very good for entrepreneurs and anyone can have it if they want to send large amounts of money because as we know now, it is not safe to hold large amounts of cash because of a pandemic this year.
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Bitcoin is a monster compared to other coins in the crypto market. It has people's trust and people are liking to have BTC instead of other coin and I think it's normal because of its value. It has a very volatile value but I think that is the reason it can give traders much more profit than other crypto assets out there.
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I agreed and saw that the bitcoin and crypto market was able to survive and begin to increase when the outbreak occurred. I think many will switch to using crypto because investing in crypto is more profitable
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I was surprised to see that the crypto market was not very influential when the stock conditions were still there and caused all the shares to plummet. I think after the oil plummet will affect the value of crypto.
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Bitcoin is a monster compared to other coins in the crypto market.
You said it is a monster? lol
But yes, Bitcoin is much bigger than the others. Not only from the function or the popularity, but the Bitcoin value also has no competitors. Its price is still higher than the others. So, in this case, I can say a bit agree with you.
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This cannot be over flogged. Despite the current situation that makes the economy of the world stranded, Bitcoin is still surging in price. Since the market is too volatile, I have to stick with KoinPro to minimize my exposure to risk and make profits in any market condition.
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Bitcoin is indeed a worthy asset to invest from others, because Bitcoin has many advantages about price. Bitcoin does not depend on the situation around us, but remember Bitcoin has a higher risk compared to others.
Stay careful in acting with our investments.
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A crisis can also mean opportunity. And here’s the good news for Bitcoin: Maybe the coronavirus will finally end the speculative frenzy that has defined and overshadowed the actual technology for the last half-decade.BTC's first position shows its strength.
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It is obvious that Bitcoin will be the world currency. Thanks to him, it will be possible to pay and buy everything. It’s just that not all people understand this and it takes time.