Bitcoin shock move against the market.

[Apollo Crypto 245]

Yes, this past few days the movement of btc price is doing great. It seems the cryptocurrency is dominating right now. Observing on how the price goes up tells that it was a sign that there are a lot of coins that was trading on market.

[Mcd0d0 5882]

On 6/5/2020 at 3:05 PM, Raqeebzy said:

I think we have to hold for more than just few days. We should be prepared for months or this year long

I will agree on this mate, there's a lot of possibilities when we hold a particular coin like bitcoin because even though you experienced to be lose some money by being dropped of it's price, this will be going up again and this is normal with it so that it's worth it to hold a coin for your better future.

[bhaiegoo 1517]

Nice information it will be helpful for new commer because it will give a nice thinking to work for bitcoin. As we all know that corona virus has been control in many countries and trading has been start. So we should save our coins for better profit. 

[Mcd0d0 5882]

On 8/9/2020 at 11:10 PM, Moontong said:

It happened when the COVID-19 issues become big, there are many people who pull out their money upon receiving the news about the COVID-19 which results in the big movement for the price of the bitcoin. 

Yes mate, because of this pandemic, the price of bitcoin fall into $5000 which is not good for it because this is a small amount of value for it, but when the month of May comes, the price of it is being dominant by hitting the $10000 again.

[Projectcrypto 4382]

The massive fall of bitcoin and other Cryptocurrencies was due to Corona virus pandemic which has also affected the economy of many countries as well but there is sign that bitcoin has began to resist the threat because bitcoin is currently reading $11,000 plus and with the recent development I believe bitcoin can hit $15,000 before the end of this year.

[BrolySSJ 7899]

I think that the increase in price could be attributed to the higher demand that in my opinion is brought about by many turning to crypto as a contactless means to make payments that is essential during this pandemic. As such i feel that the price increased for that main reason. In fact many markets were hit around this time with may of them starting to recover around the same time as bitcoin as well. It is great to see that bitcoin is continuing to rise even at this point though. 

Edited August 21, 2020 by BrolySSJ

[CryptoDemon 370]

On 3/20/2020 at 6:58 PM, Raqeebzy said:

Bitcoin recently has suddenly move against the market jumping to about 21.68% in the last 24hours at about 6800USD unlike last week which is below 4000USD. The main reason behind this rise was not very clear, although bitcoin analysts says bitcoin is oversold after heavy sell off in recent week. It was analysed that the massive fall of bitcoin and other cryptocurrency was due to conavirus pandemic. 

 

Go to Forbes to read more

I hope that Bitcoin continues to grow so that all of the Bitcoin users will earn a lot. If something like that happens, there will be more people that is attracted to use Bitcoin and it will result a good that will make the crypto adoption easier.

[TimopheyKa 3900]

I think these were the first signs that the cryptocurrency is starting to get stronger, as well as more stable. Because, in fact, bitcoin is a strong currency, and even sometimes world problems are not always able to create a crash on its side, and this is very cool!

[Solex 2262]

I think this is normal thing that do happen because bitcoin is volatile and value can change at any moment but this drop was due to the Corona virus and there is a good sign that bitcoin has began to resist it since we recently saw bitcoin jumped from $9,000 to $12,000. This is the right time investors need to buy more for future profit since we are hoping for increase in it soon.

[bogdanoff 3173]

This is Bitcoin it makes move like that and makes it worth the risk to buy and hold. There was support and many bought and this helps the price rise and recover from any drop. We all hope it will rise more and we can profit from this.

[Chief executive officer band 681]

currently bitcoin cause open respect followed by it will drop over again so therefore breakout we a moment ago call for to set eyes on the calamity someplace will be the edge of this month from this year

[Cryptic 0]

That was a number one reason to chose Bitcoin as investment assets over the other assets, because even if there is a crisis it will still gaining some price unlike the other assets that would definitely fluctuate. Just like what happened now due to corona virus some businesses force to shutdown because they don't have much customer so it has a huge effects on their stock.

[Irungu 4299]

This was in response to the second bitcoin halving and it was something that was really important for everybody to really think about so we really need to keep everything in its perfect series, it was in response to the market changing in preparation to halving which we are going to experience in the next 4 years .

[Maaz sultan 265]

But now you see that the price of bitcoin goes to higher level and become the resistance level now if bitcoin breaks the resistance of 10k usd then it will come down and also the stocks will go higher .

[Alex9876r 1408]

A move against the market or that the liquidity in the market increased and Bitcoin acquired it, and thus it rose significantly and in a short time, and this is why liquidity must also be monitored, analyzed and analyzed for its next direction.

[Gluttony 1775]

I am not actually surprised since many people already know this kind of this is going to happen to the crypto industry. It is really a big advantage to the part of those individual who are engaged already in the crypto industry since they could make the best out of it by generating profit out of it or buying investments to other altcoins so they could expand more their initial investment to greater profit. The events that are currently happening is quite playing huge role in to this kind of changes since more and more people are trying to transition themselves looking for something as a passive income to support their needs amidst this phenomenon.  

[Cryptomint 433]

Bitcoin always do this. Ot is not a new thing it always go up suddenly and go down suddenly and give a good profit to there users.

[Shaza Ahmad 1682]

The Corona virus crisis brought the stock market and cryptocurrency in the world to its lowest point, but suddenly everything rebounded again and within a short period of time, so was the fear of the Corona virus the reason or did the whales want to collect Bitcoin from the bottom?

[Onden 2098]

In my opinion, bitcoin price fluctuations are normal and not due to the corona virus, currently bitcoin prices continue to rise, somehow this gives us optimism that bitcoin and the cryptocurrency market are not affected by the corona virus at all. That's how this increase will continue until the end of this year and we hope that in 2021 it will increase even more.

[percare 3192]

A move so big in just a small time means very bullish terms for Bitcoin. The interest from investors kept rising and it is believed by many that it won't just end now as Bitcoin only recently made new all time high in price, ending a three year long wait for this historic event.

What is expected is more investors, companies and an increased institution and retail interest that will send Bitcoin to a rise for most of the new year.

[annayks 2314]

This was a big jump for Bitcoin and a reversal in the trend, the next week it was the confirmation and then most traders went long again and new investors appeared looking for the halving. It brought Bitcoin into new heights after months and new all time high too.

[yonkii 3205]

I have heard of this sell off during the first wave of the pandemic and the chart is very ugly during that time, in fact it is very scary and required a lot of patience to keep holding. It paid off for many as I read in the forum. I joined later when price was $10,000 and didn't regret it. In fact it would be a mistake not to buy at that price as all I kept reading was bullish news about some companies buying billions of dollars Bitcoin.

[Mike1515 2977]

I would say that was in reediness to the whole system being valuable to the whole halving time this is what was suppose to happen but the truth is bitcoin was already declining and most people did not understand on what to do this is really important to work on that in that angle that is very important

[Fixfin 2569]

If someone looks at the Bitcoin chart for the first time right now he would think we are crazy to invest in this market, although the price swings and the increased volatiliy are making different case as today most of us we are in good profits and in anticipation of better.

[Amna Hareem 1213]

On 3/20/2020 at 3:58 PM, Raqeebzy said:

Bitcoin recently has suddenly move against the market jumping to about 21.68% in the last 24hours at about 6800USD unlike last week which is below 4000USD. The main reason behind this rise was not very clear, although bitcoin analysts says bitcoin is oversold after heavy sell off in recent week. It was analysed that the massive fall of bitcoin and other cryptocurrency was due to conavirus pandemic. 

 

Go to Forbes to read more

Dear Bitcoin is now still increasing and it is increasing everyday and I think it will touch $40,000 because now its amount is $29,000 but it can also decrease their amount but it is really very profitable for those who had about Bitcoin in past and now they are selling their Bitcoins and earning a huge profit and I I will also buy the Bitcoin when it again comes down because now its amount is too high and I can't buy it.