Post
Topic
Board Bitcoin Discussion
Re: Coronavirus lock down boosts
by
arwin100
on 18/06/2020, 13:20:08 UTC
In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 

Not surprising at for the global lockdown happening in the world and all most all of the people have no job since the establishment is close for a while due to the threat of covid-19 for sure people will find ways to earn some money just to be used for their daily needs or they find another form just to make their earnings consistent that's why we see some great boost for the price of bitcoins compare to the past dump happening.

But I don't expect to see a big pump right now since we sti doesn't know if that increase creates demand since we don't know maybe some of new people are just curious on what is happening on crypto industry.