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Will BTC keep growing at the same rate even after the pandemic?

  • Thread starter Thread starter Patrik
  • Start date Start date
pandemic is still here and the price has drastically gone down all thanks to China's decision to ban bitcoin and other crypto currencies. Bitcoin price is lowest in the last 4 months
 
Patrik said:
If you are atleast following the growth of BTC, you will notice that its value got insanely increased in this pandemic, which is good for the crypto world, investors and BTC itself.
But do you think after we are done with this pandemic and life comes back to its normal routine, will BTC keep increasing in value like in 2020 or will the rate drop?
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I doubt that this would be the case because people are likely to continue with their online methods of earning if they have had success in it and in this way they will be able to continue in teh crypto investments.
 
Patrik said:
If you are atleast following the growth of BTC, you will notice that its value got insanely increased in this pandemic, which is good for the crypto world, investors and BTC itself.
But do you think after we are done with this pandemic and life comes back to its normal routine, will BTC keep increasing in value like in 2020 or will the rate drop?
Click to expand...
Though the current bearish run has affected mostly all cryptocurrencies in the past weeks making them to reduce in market prices. Bitcoins will continue to rise either there is pandemic or not as most online platforms now accepts bitcoins has means of payments for their goods and services.
 
Patrik said:
If you are atleast following the growth of BTC, you will notice that its value got insanely increased in this pandemic, which is good for the crypto world, investors and BTC itself.
But do you think after we are done with this pandemic and life comes back to its normal routine, will BTC keep increasing in value like in 2020 or will the rate drop?
Click to expand...
This is an old post because you are still talking about 2020 here let's talk about 2021 and so many things had happened to Bitcoin but we are still hoping for the best outcome at the end of the year tho.
 
Infact it even became even more better after the pandemic, the pandemic was really an eye opener to the General public because people had the opportunity to understand how the crypto systems actually works. It gave everyone the opportunity to learn about crypto currencies.
 
When bitcoin reached all time high of $64K a few weeks ago, people began to speculate that soon it will become $100K, sadly this did not happen and now it is $37K
 
We can now see that the rates of Bitcoin rose to more than $60,000 and this happened after the pandemic ended. However, the prices of cryptocurrencies fell in the start of December this year due to the fear of Omicron and investors pulling out the money from the cryptocurrency market.
 
One thing with volatile assets is that they are always going to receive a depreciation in price for a short time due to the whales taking profit. I still believe that each coin is still very much under price right now.
 
This year BTC had a roller coaster ride, it reached all time high with $68K, but it lso went down below $30K. Currently, it is showing resistance at $47K. Some are predicting that the value can go down to $10K
 
Who knows if things might change after the pandemic and the growth might even increase further because right now there is a new COVID-19 cases ,and it actually doesn't seems to end anytime soon as usual
 
Crypti currency is one thing that Is unpredictable. We can't really tell if the growth of bitcoin was due to the pandemic or if bitcoin will continue growing at the same paste after the pandemic.
 
One thing that Bitcoin has shown that is that if it falls back to a certain amount or low, it's going to bounce back almost twice as much as the previous price.
So Bitcoin would keep doing well when it falls.
 
The pandemic has seen the price of bit coin continue to rise but is it the sole reason for the rise and would it continue to be? I don't think so. Many people are looking for hassle free means of payments and bit coin is doing just that and that is why there is a blistering increase in the amount of adoption. The rate of adoption and the price of bit coin is expected to continue rising.
 
No doubt, Bitcoin will continue to grow but that's not my problem but the issue here is that the growth rate is kind of too slow, maybe because of high price value and that's why people do go for it for a long term investment.
 
Your predictions are right as nearly two years after the pandemic Bitcoin has been only but a shadow of its former self as the price keeps fluctuating and Having a bearish run going from $70k to a bare minimum value of $31k in recent times.
 
Sincerem said:
Your predictions are right as nearly two years after the pandemic Bitcoin has been only but a shadow of its former self as the price keeps fluctuating and Having a bearish run going from $70k to a bare minimum value of $31k in recent times.
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I cannot come and kill myself with this crypto stuff, bitcoins is extremely volatile that no one can give accurate prediction. We didn't even expect it drops to that price.
 
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