Post
Topic
Board Bitcoin Discussion
Re: Store your bitcoin
by
Lucius
on 18/03/2020, 14:07:51 UTC
It's kind of weird that some things are taken for granted, and that anyone can even set a timeframe for the pandemic to end. All that is going on will have very likely long-lasting effects on the world economy which is almost certainly going into a new recession, in all likelihood a much heavier one than the one that happened 2008.

I think the price of BTC will not return so easily to the previous levels, because regardless of halving we have seen that BTC still follow the price of stocks, gold, oil and similar assets and that it has not proved resilient to such a major global crisis. Accordingly, let everyone think carefully whether BTC has touched the bottom or the drop may be even greater.



The OP doesn’t need a crystal ball to predict a rise in bitcoin once this COVID-19 rubbish is over.

I understand why you call COVID-19 rubbish considering how your government is set up accordingly to that. But I don't think it's wise to let the virus spread uncontrollably in order to infect as many people as possible to gain immunity. That rubbish can kill thousands of people in the UK, not only those older, but also very young people who are 20+ years old which we can see in many examples in Italy&Spain.