Post
Topic
Board Speculation (Altcoins)
Re: COVID19 and Its effect on Bitcoin & Altcoin Price? Your Thoughts !
by
dg2010
on 13/07/2020, 04:02:25 UTC
Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.
I don't think that's the reason why a market activity is increasing. bitcoin is increasing slowly, I guess it's only natural. even after halving which coincided with this pandemic, bitcoin could only stand still with little movement. I think the current conditions can still be said to be reasonable and there is nothing to be exaggerated.
Covid-19 affected this market in March and it was a very bad time so I am sure this pandemic will have a huge impact on the price of Bitcoin. Currently, things have changed a lot and Bitcoin prices have risen higher than in the previous months, so this is a sign that the crypto market will definitely be a promising market. I think if there is a vaccine, this will be news that will cause the entire economy to change and the price of Bitcoin will probably go up very high.