Quote from: KTChampions on November 17, 2020, 01:54:18 PM

Quote from: daarul50 on November 17, 2020, 09:11:31 AM

Quote from: KTChampions on November 16, 2020, 10:35:32 PM

I think that defeating the virus, on the contrary, will lead to the growth of bitcoin. Bitcoin directly depends on the global economy - if everything is good with it, then it grows, if a collapse occurs, then it falls. I think all remembering the March events. This fall surprised many people, but it was logical as the global economy was crumbling and the outlook was very bleak.

This gonna be a complicated situation
I mean indeed when the united nations announced that covid 19 is officially a pandemic in march all of the financial market crashed suddenly included bitcoin.
With this logic people will assumed that when the good news about vaccine to come , the market will gained even more as investor found the full confidence.
But on the other hand it is makes some people worried that the money invested during pandemic into an assets like bitcoin will get withdrawn and back to invest in real life assest like properties.
This is the reason why bitcoin could crash.

Yes, everything is really confusing from the very beginning - I wrote about it back in March. On the one hand, bitcoin is an anti-crisis protective asset and it should not have fallen like a stock market during the crisis, but should have grown. But everything happened differently than expected in theory. A similar "inconsistency" may occur here - perhaps investors, on the contrary, will increase their investments in bitcoin against the backdrop of good news and it will start a bull market in crypto.

My concern gets even bigger now with the bitcoin price looks so bubble.
Could explode anytime and especially when the vaccine distributed and feel works handling the virus
That is the moment where everything decided.
Will the investor remain confident in holding bitcoin? Or leaving completely to move into a promising real estate business like they used to?
I am preparing for the worst scenario , holding half cash is a must , you dont want to miss the moment where everything dropped like in march right? Cash is god for now at least until everything backup completely to normal.