Quote from: KTChampions on May 25, 2020, 11:38:20 PM

Quote from: thisnewcoin on May 19, 2020, 11:06:03 PM

Well, it had possibilities, even in January, I thought we are gonna have another bull run like 2017, but after Coronavirus and all this harm throughout the world, my expectation is gone now! I don't think it will happen this year, there was huge hype about the Halving but you saw Bitcoin price did not increase enough. Though I don't want to mention 3800$ collapse, that was manipulation for a very limited time.

But theoretically speaking, this whole situation with the virus is a serious crisis. Bitcoin is an anti-crisis asset and therefore such conjuncture should contribute to an increase in its prices, right? I think the situation will be clearer after the situation with the virus becomes more predictable - at the moment there is no clear model that would describe the end of the epidemic.

It is difficult to know, bitcoin is sold as being an asset that is countercyclical and as such if the world markets go down it could be expected for bitcoin to go up, there is just a few problems with that theory, many of the people invested in bitcoin also hold assets in other markets and if they face huge losses then most likely they have to sell some bitcoin to make up for those losses making bitcoin more more closely related to other markets, and also this crisis is not monetary in nature, it was brought by a virus which means that all markets should be more or less affected despite their intrinsic differences.