Quote from: DougM on September 02, 2020, 10:39:49 PM

Quote from: taufik123 on August 29, 2020, 07:54:46 AM

Quote from: AniviaBtc on August 29, 2020, 07:29:43 AM

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In mid August, bitcoin reached $12k and people are thinking that this is the sign for an another ATH this year. We are being optimistic and waiting for more increase but it didn't went that far because it suddenly go back to $11k. I'm still hoping that ATH will occur this year or in 2021 after this Covid-19 was eliminated and done.

Some people right now are really investing in bitcoin because of its ability to become a good asset when we experienced financial reset. Hopefully, more and more countries will open for cryptocurrency adoption so that bitcoin community will grow even if we are experiencing this crisis.

The drop in Bitcoin price to the $ 11k area is still very reasonable, as the market is making a correction. We are all optimistic that ATH will only be achieved this year. Many predict 2021 to be a good year for bitcoin.
Good news about bitcoin is starting to emerge. Many people are investing in bitcoin during this time of the pandemic. For cryptocurrency adoption, several developed countries provide regulations on digital currency as a commodity asset, including in my country. in other countries, such as Korea, Bitcoin has even been legalized.

After this pandemic is over I believe Bitcoin will continue to grow and become more desirable. Other adoptions will begin to emerge.

I am appreciating that bitcoin is no longer mimicking the stock market's movements more recently. Each is going up and down, but at least not as lockstep as in the spring. Is this just my imagination or do others agree the stock market is acting less correlated than in the spring?

I was just thinking the same thing, but unfortunately today it crashed the same day market went down hard... Hopefully it is just a coincidence and won't continue correlating.