So it would seem there is another Coronavirus wave on the way, at least in some countries. Last time the pandemic struck, we saw Bitcoin price plunging hard. Will the same thing happen again, can we expect the new lows? What are your thoughts?
This really seems like conjecture at this point. I've not seen any sound scientific proof this is going to happen. If it does happen, imo, believe we would see bitcoin fall some. I think it would be part of a chain reaction as would surely see the stock markets crash and then as it seems to be the tide that brings all boats down, we see other things pull back such as bitcoin.
This second wave of corona virus will really increase the damage that it can give to us, that's why we need to become more prepared so that we can lessen the struggle within ourselves. I expect that the same thing will happen again because we are not still in the progressive state, we are still suffering. We are not yet in the process of recovery as the infected and positive cases are still increasing, it is not that easy to handle our money because of the expenses that we need to pay and those necessary things that we need to survive this pandemic. Expect new lows that are more intense than the first one, as we're not economically recovered yet, it can worsen the price of bitcoin in the market.
I think you are right. the prevalence of coronavirus is not decreasing. we should strictly adhere to hygiene and revive the economy again. because if we shut everything down, our economy will collapse, and we will face famine in future. so, we have to start economic activities instead of sitting at home for the sake of coronavirus. if we become more vulnerable economically then I think the price of bitcoin will go down further and, in the future, we have to be faced another catastrophe in BTC.