bitcoin current scenario

[sahil777]

bitcoin is trading from past 2 weeks between 6800 to 7200 dollars, i think investors are not so keen to invest more in bitcoin before halving, which will occur next month, maybe they want to see whats coming, plus big giant economic crisis in whole world is on the edge, so all this scenario is confusing for investors to go for big ride.

if the economy dives deeper into recession, and let Bitcoin shine to its advantage, as we know future world will be digital and there will be digital currency, so i am sure bitcoin can cross 12k level in next few months, but for now it can dip below 5k one more time, which i am not sure but there are chances.

[itconsults]

I agree with you. I think there would be a great change in crypto market after halving. Let's see what happen but many people are still trading and earning huge revenue because they have invested a huge amount to get good profit  even if the price changes slightly.

[evet]

Most are at home during lock down, more time for online stuff like trading and such. Bitcoin will rise cause of the demand in the market. 

[BidaManEris]

They are waiting for the dollar value to return to its normal high again in forex trading-- and will only happen until this pandemic ends. The quiet activity of Bitcoin in the past few weeks (even with the volatility going on between 6.8k to 7.2k USD) is not normal, and we can only expect something booming will happen-- and I am very confident that it will not be good for us.

[Ali saher]

Yes last few weeks price around 7k USD I think few new investors invest in bitcoin that's why price around 7k USD otherwise after down stock market bitcoin price around 4,5k USD .

[iulianbutanu]

atm halving got a bit out of discussion. so a thing that makes btc important and to have some backup as money behind, is the hash power. the hash power costs a lot of money and a lot of electricity and this is a reason why the price can be influenced by the halving.

once the reward goes down, the big miners of btc can move to another coins, in my own view i don't see the halving as a good thing, either a bad one. anyway, the big miners wont be able to sell as many coins as they were used to be either to produce as many

extremly interesting things to look into

[Kariuki]

16 hours ago, sahil777 said:

bitcoin is trading from past 2 weeks between 6800 to 7200 dollars, i think investors are not so keen to invest more in bitcoin before halving, which will occur next month, maybe they want to see whats coming, plus big giant economic crisis in whole world is on the edge, so all this scenario is confusing for investors to go for big ride.

if the economy dives deeper into recession, and let Bitcoin shine to its advantage, as we know future world will be digital and there will be digital currency, so i am sure bitcoin can cross 12k level in next few months, but for now it can dip below 5k one more time, which i am not sure but there are chances.

I also think the coin has been dancing the same area for a while now, maybe a major move will hit the same but what would be the right thing to do , is to just wait and see what comes up, there could be something new , also the economic hardship that is going on in the world, which would make one preffer investing their money in something stable more than investing in bitcoin

[gougou]

Without no knowledge  I think that btc will fall really down  next  month. Lot if people lose money  and there will not be interest  to buy crypto  when you have no food to eat or job.so sellers will.have something  that few people will buy it and they  have to push the price lower  till they find the pick for someone  to buy.halving is good that happens now because  there will be less more btc growing. I think  that  price will fall.about 3000-4000$ but not less than 2800 for sure.and unam waiting nthe time to find it again under 3500$ to grap some 

[Shujah]

People who are working on trading, they are just waiting and watching, because no one knows bitcoin will go more down or not, its dependent on covid Satuation. 

[poohtot]

As human, i feel the tremendous up for btc this coming months, i bet 80% probability on this.

[cryptofly]

So far I am not sure about what way bitcoin will go once the halving comes.  As you correctly say, the international scenario as we understand it is not a promising one.  Hopefully major countries  will take a look on the digital money based in the blockchain which as we all know is the way to go, and if this happens as you said, bitcoin will start its journey to moon with all of us as passengers.  Meanwhile, the hostile attitude against bitcoin concept will remain and will be stronger.  It is our job to help bitcoin (and ourselves) by creating the mass adoption needed to make bitcoin and cryptocurrencies a trust and used ones.  This is my opinion.  Good luck 

[reebox]

I never tried to recover the losses that I experienced, because it could make me add to the losses. so I am more trying to get new benefits and that continuously and unwittingly can cover the losses that I experienced, but still returning losses is not a good thing because it can make damage.