Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on May 06, 2020, 06:18:28 PM
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The current pandemic has affected the entire economy. but fiat and crypto. most stocks has plummet. Oil dropped down to zero but currently regaining trade again. crypto in the other hand plummeted down to 4000k before shooting back to the present price today, above 9,200k. what could be the next move in this current state of miss feeling about investment.
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It looks like the market has recovered and is starting to show improvement. Crypto is able to survive in this condition and shows the possibility that it will be better than the stock market which has decreased due to covid 19.
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Either bull or bear, the market is fine, it is healthy.
Remember that we are the market, and our emotions determine the trend of prices on the trade charts.
Stay calm, do your own research and make the right decisions
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I think crypto will experience the same thing as the price of oil which dropped due to a pandemic. I see crypto can survive until now and start to improve. It seems that Bitcoin has shown signs of improvement
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The cryptocurrency market is growing due to the fact that in a couple of days there will be Bitcoin halving, if there were no Bitcoin halving this year, I think the cryptocurrency market would fall as always, and especially because of the corona virus, Bitcoin halving saved cryptocurrency market.
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I personally feel Bitcoin has the potential to out perform other markets,like crude oil, stock , forex etc over the corona virus situation.
Despite the bitcoin halving event, Bitcoin has shown some good resistance and has perform very eell whether covid19 or nothing.
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Pretty sure both will happen in different time. Bull and bear market is the way of cryptocurrency value. If I'm not mistaken bitcoin is 99.9% sure the influencer, once pump almost cryptocurrencies goes up. That's how bitcoin dominating the entire market. It is rare and special.
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Your question is "what could be the next move in this current state of feeling about investment.? As far as I know, the global economic downturns or economic crisis Are not new. The world was already experienced it before so no doubt it will be normalized soon. While in the cryptocurrency industry we all know that the crypto market is very volatile thats why we don't need to be panic because the same as before the BTC will bounce back to its previous state of dominance.
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I think that in the current situation, we see bitcoin pumping USDT, this growth is not justified, as soon as the halving passes, we will see a dump.
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Yes, we can ignore that this corona pandemic really gives the big influemce on the crypto world. Many people sell coins for cash. It makes the price crash. But the good news is that many more people know and interested in crypto world. This may be the fuel to spur the crypto comeback for bullish
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The market will be still changing whatever the condition. During this pandemic, crypto may be down. But fortunately, many people and sectors are attracted to enter in this crypto world because of how this pandemic spreading. Sonhopefully that the crypto will jump high again
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Now, most likely, we should expect a slight drop in the price of bitcoin, since a significant part of the miners will stop their activity and it takes several months for the cryptocurrency market system to adjust again and work in the new conditions. In any case, now we should not expect a good growth in the cryptocurrency market, if we take into account only tomorrow's event in relation to bitcoin.
The onset of the global economic crisis may, on the contrary, contribute to the rapid growth of the cryptocurrency market. All this will happen in motion. Therefore, interesting events await us.
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This is global crisis, economy crisis. During covid-19 pandemic, crisis global is risingm it also gives influences to crypto world both positively and negatively. The market price right now is not only because the pandemic but also heading to BTC halving.
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Now, the market is decreasing but I think it is normal. I am sure that there will be another pumping time in the near future, especially because of the effect of halving. People follow hype about halving and there are more people to be active in buying. But after the dump yesterday, it is getting down and down.
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From the two titles above we have learned and took them, namely:
1. it is better to dump first and then go up in price.
2. Instead of going up and right at the end of the price it's a dump.
point number 1 is good for the future and point number 2 is bad for the future.
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I think we have a second wave of decline in the stock market. As soon as the s & p500 starts to fall, speculators will join the game immediately and will bring down the price of bitcoin. So I'm very careful with my purchases right now. I am currently selling some bitcoin and watching the point of entry into purchases
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I see that the price of Bitcoin will soar in the following days because market functions have now risen and investors included whether large or small buying now is a perfect time bull run will happen soon
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The market crisis is not ended i think. People are filling their pockets with paper cash so that they can buy food with it. The situation became very hard because of the job crisis. Many people lost their job too that's why they need money right now and they are seeking their crypto holding for that. It's possible that we will see another bear market.
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Sure, the pandemic has created chaos and this is the reality, everything has been affected and we only hope that things get back to normal in no distant time. However, we must understand that this was an unforseen issue and we should know that, this things happen and take time to fully recover, therefore, patience is needed. Actually, this offers a great time to access some good trading platforms like koinpro and get trading on Bitcoin futures. We all know Bitcoin will definitely rise in the near future. There is no better time than now to learn Bitcoin futures trading and there is no better platform to go about it than koinpro which offers a demo account for beginners to get their learning to a successful end.
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we don't know what will happen to the market because the world still face pandemic and the market could dump. Hope bitcoin not affected with this pandemic.
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seems to many people around the world began to see cryptocurrency as a safe investment for trade and to be the future asset of the pandemic this makes anyone should be able to get revenue every trading day cryptocurrency is one option to gain an advantage.
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the market is stable in my own view. the recent green market seems to me just a market sentiment to me because of the most recent bitcoin halving event which took place few days back. let's see how the market reacts from now on
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the market is stable in my own view.
What do you mean by "market is stable"? Are all prices of crypto coins stable or no movement? I think it is not, crypto market is still the same as usual. The prices of crypto coins rise up or go down as usual. I assume crypto market condition is getting better.
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It is still dofficult to say whether the market is starting to bullrun or on the contrary dump. However personally I still believe that tje market is better and will be going to start increasing and keep rising. Hopefully it is sign of bullish
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Epidemic has hit the economies of different countries. But the cryptocurrency market is still fine. I was posting a new post about this, there was talk that the crypto market is likely to get better. Everyone is speculating that the popularity of crypto will increase in the Arab world if everything is closed indefinitely in the wake of the epidemic.
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I think an increase will occur, it's only a matter of time, the market capacity is increasing every day
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I think an increase will occur, it's only a matter of time, the market capacity is increasing every day
I support your statement. Even in the last few days Bitcoin seems to survive at the current price or prefer to decrease, but I guess in the next few weeks it must be pumped. it is normal if in several days to be dumped but in the next few days, it will be pumped.
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-snip- what could be the next move in this current state of miss feeling about investment.
I think there will be a good improvement in crypto price the next week. I see the price is decreasing now but it is likely to increase again next week. There should be a good rising up after decreasing for a few days.
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The recent pandemic by COVID-19 has badly affected the world market. Crypto market is not out of it. If we see the the previous trends of market trend of cryptocurrency, we see, maximum sign was down. But it has started to come back. Now every signal is showing grow up. I think the market will hold this growing trend continuously.
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The coronavirus pandemic significantly hit the cryptocurrency market only at the stage of its appearance, when people did not know what to prepare for and what consequences of the coronavirus should be expected. Since that time, the market began to recover slowly and has almost recovered. People are now more concerned about the threat of a very tough global economic crisis. At this stage, cryptocurrency can, on the contrary, grow in demand and price as an anti-inflationary financial instrument. For a decentralized cryptocurrency, it's time to prove yourself in full force.
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Everyone knows about the Corona epidemic situation. This virus has affected the economy. But there was no impact on the crypto market. No one knows what the next life will be like if the epidemic is reduced. But there are many countries where there is no warning. But all people want improvement. People have started investing in cryptocurrency day by day for improvement. So the popularity of cryptocurrency is increasing day by day. I think this trend will continue.
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Corona virus is the name of an epidemic. Almost all the countries of the world are affected by this epidemic. However, it did not have a huge impact on the economy. Further crypto market especially bitcoin price has not been affected. I think those people are making a lot of comments about the price of bitcoin. I don't know what they know. Did they really tell the truth? Many say bitcoin will cost $1k, $14k, $20k. Those who say these things, are they really experts? There is no end to the speculation about the price of bitcoin. But I think the bitcoin price will be limited to $9,000 - $10,000. What do you think?
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Pandemic or no pandemic, cryptocurrency is going strong and personally i am expecting it to go stronger in few months to come. Crypto market has been able to survive even under the influence of pandemic and that shows that cryptocurrency has got a lot of potential to overturn some circumstances.
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Cryptocurrency will surely survive this stage and may more to come. It is the stock market we should be worried about.
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Now every where in the world covid-19 affected. In this pandemic situation crypto currencie's price is stable. When the world get started to lead new life the Crypto market will go to the moon. I would like to say that in dumping situation the price not dumping so after end of the pandemic situation the price will be pumping so high.