Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Gains Momentum
by
Twentyonepaylots
on 29/07/2020, 16:04:22 UTC
Yeah I have seen it also in the https://coinmarketcap.com/ to check if it really true and yes bitcoin has made a good gains. I do not know why even in this time like having pandemic. All users might get worried especially that economy are down globally and with this it can be a real pain seeing most of us striving for survival. I just want to ask a question on why such a good momentum on bitcoin. Is there news regarding to how bitcoin gains positively? Whales are coming back?
bitcoin increase I think is not too directly related to the corona pandemic, because it is clear that even in a pandemic situation people will still be able to make transactions. it may be clearly affected only by those who have small capital because they will clearly prioritize fulfilling the necessities of life during this pandemic, rather than having to save for profit.
We can say but we cannot be sure about it since pandemic has affected everything, it is clear that most of the happenings are due to the pandemic since it is a global dilemma, yet we cannot based only on this fact because the crypto market isn't that always reflective on the current world events. But the pandemic is somehow showing the goodness of having a bitcoin, because bitcoin is a cryptocurrency that can be used to transact to other people without having a physical contact across the globe, safe for not getting the virus. Bitcoin is showing good sings after surpassing the $10K level, what's next?