I actually dont see the price falling again but rising and for investors to get more returns ,they need to invest early into the market , because it's part of what matters in cryptocurrency investment
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Most crypto earners don't purchase cryptocurrency but work on platforms and earn crypto currency as well so it doesn't matter.They would be less demand for cryptocurrency like Bitcoin because people are going to channel their resources into survival and fighting off the spread of the covid-19. But that will be the best time for Xbox keeps a currency trader to start buying because the price will be cheaper.
I was very surprised that bitcoin did very well during the Corona virus pandemic period. I think the reason was that people moved a lot of their money to Bitcoin in order to protect it. There was no much negative effect to the cryptocurrency market.First of all , I pray that there won't be any second wave of covid-19 , I also believe that even if it happens coincidentally , there shouldn't be any negative effect on Bitcoin price.
I think the last coronavirus pandemic lockdown did not affect the price of cryptocurrencies that much because it presented an opportunity for many people to invest and make another profit. It was during a period that I ventured into crypto trading.The last pandemic and lockdown have a very huge effects in the price of bitcoins. So I believe if there is another issue of luckdown it will definitely have effect in the price of cryptocurrency, not only on bitcoins alone.
I don't understand you. If you check the price chart of bitcoins during that time, you will come to realise that bitcoins was hugely affected and we were in a very serious bearish market then.I think the last coronavirus pandemic lockdown did not affect the price of cryptocurrencies that much because it presented an opportunity for many people to invest and make another profit. It was during a period that I ventured into crypto trading.
Yes, I know but it didn't last for so long but it only presented an opportunity for people to invest. If you take proper look at bear markets you will understand that it they lasted for some years.I don't understand you. If you check the price chart of bitcoins during that time, you will come to realise that bitcoins was hugely affected and we were in a very serious bearish market then.
Such situations always affect the price of cryptocurrencies generally. The reason is because the pandemic affected people's income and in that case a lot of people will use because of that news to withdraw their investment.I dont really believe the second wave of the pandemic can really affect the price of bitcoin. It's a digital currency which is operate not on physical or offline business transactions so it may be difficult to be affected.
For years ? Probably since the early of this year the market has been in a very constant downtrend. Do you really think it will last for years when there are still so many people to buy ?Yes, I know but it didn't last for so long but it only presented an opportunity for people to invest. If you take proper look at bear markets you will understand that it they lasted for some years.