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Wilmer Garcia

Bitcoin now faces its biggest test

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It is true what you say the economic panic also affected bitcoin, however we must take into account the reduction in inflation due to halving, and take into account other factors.

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I think is not the Bitcoin who is face to the its biggest test, I think the effect of halving who will be face to the its biggest test, comes every four years, so we will check what will be happen with the actual situation face to corona virus.

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In my opinion it is not a huge problem for BTC, l mean BTC does not face to its biggest test. l don't deny the fact, this epidemic has also affected crypto world badly. But BTC will survive from COVID-19. 

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lol alot of pridictions were all flying in from different angles globally around the world causing panic sells, all twithbthe rumor cyculating that the bitcoin may posibly no rise in price value after this halving due to the corona virus pandemic, but things are now turnning around 

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On 3/19/2020 at 3:04 PM, Wilmer Garcia said:

Bitcoin now faces its biggest test in the form of the fall of the global financial market by coronavirus, BitMEX, the world's second largest cryptocurrency exchange believes in the current global fall by Coronavirus, Bitcoin (BTC) faces its biggest challenge and opportunity to demonstrate its potential during this global economic crisis.

 

Do you think Bitocoin will recover from this fall?

Yes, bitcoin can recover from this tremendous fall. Well, we already witness times where bitcoin are become very dump that no one wants it. So this fall is just like a scratch to it. It can recover from this fall and regain strength and demand. We just need to wait and see it rise again and help us in this kind of crisis the world is facing.

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It is a temporary fall only Bitcoin will return to what it was and much better than that too, the cryptocurrency market is a profitable market for those who know trading strategies only you have to be patient to see the price rise again.

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On 3/20/2020 at 11:06 PM, Rares002 said:

It seems like bitcoin has already started to recover after that big crash. Hopefully the price will continue to go up and get back to the value that it had before. Over 8000$

that's absolutely true at the time of writing this post bitcoin is hovering around $9800 but as I can see that in the market sentiments are bearish so from here we can expect some dump in coming days 

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Most at the time of the financial crisis was affected by nearly every financial institution. its potential during this crisis but it will take time for it to recover. Bitcoin is not the goal, the goal is to destroy the leading countries, such as the United States, the United Kingdom, France, Germany and then become the great power. And guess who is buying cheap cryptocurrencies.

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The Corona virus has negatively affected the entire global market, including the crypto market, and all cryptocurrency prices have fallen, but Bitcoin has managed to overcome this crisis and started to recover and its price has now reached $ 9500, and this proves the extent of investor confidence in bitcoin as the best cryptocurrency and may reach at the end of the year $ 20,000 or more

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I believe that because of the crisis, bitcoin will not suffer very much because it almost always showed a good opposition this time everything will be the same.

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