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That might be one reason or helped it drop so much. This is a bull trap before the borders close, USA wide shutdown, and markets drop again in 48 hours. Because this is Bitcoin. I have received several downvotes from assholes thinking we are somehow correlated with stock market lol. You asked a relatively unanswerable question to a group of degenerates like me; what did you expect? This sub is trash. It's really hard to get answers and even worst : harder to post good content. Theres no guarantee that crypto dropped because of COVID panic, and actually I would argue that the more the world is fucked from a global pandemic, the more valuable BTC will be as a safe haven investment alternative for stocks.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. Man guessing BTC movement is going to make you miserabl, just set buy ranges and buy when it's there.. Common people are thinking this will dip even more which means it will not.
It's time to HODL! Ah yes, the majority thinks it's going to drop again me included. Maybe that's why it won't? Who knows Instead I accumulate for the long term. When things shot you up from like 6k to 10k I stopped. It could be just a bounce cuz it went too low. We have to wait another week to confirm the trend. I don't see any fundamental reason why it is going up. I feel comfortable waiting. If it goes down Lol, we are definitely going to see another drop as the economy declines.
People are trying to buy the dip. This is not the low. There was enough interest to bounce off 3. The market feels much healthier now sans this unexpected bump. My buys are set for 4. But, whatever it is, I think you can bet that people are noticing this, now.
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Banks may close. Human interactions may be cut off at branches. Trading desks and floors at NYSE can close down. People processing checks and transactions and banks still need to be there. I found the lack of capital reserves required by US banks to be concerning. AFAIK it means the can print cash as they choose Especially in this kind of global climate. BTC was designed to hedge against banks, not global health crises.
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- Everyone is talking up bitcoin as cryptocurrencies go mainstream | Financial Post.
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Because of all of the people that want to double their money when BTC goes back up. Them buying pushes the price. Because TA proves time and time again to be a completely worthless tool to predict anything crypto related. How so? Sure there are things that occur in this market that are manipulated or unnatural, but the total amount of times these events have occurred throughout the history of the space has been minuscule.
Should I buy dogecoin? Why prices of the cryptocurrency are surging — but risky
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Become a Redditor and join one of thousands of communities. Want to add to the discussion? Post a comment! Create an account. I think that was the last time I smiled. Follow the same line of thought there are gaming companies and online media companies The virus damage to the physical world companies are huge, they fired lots of workers and cascading effect will hit each other like ripple.
I'm not so sure. Clear as day over the last few weeks. TLDR: buy btc. Think a trillion dollars of student loans and all this other shady buy back business. Upward trend baby. There can be more sellers than buyers and it can still go up. Nothing has improved since yesterday.
Everyone is talking up bitcoin as cryptocurrencies go mainstream
Just saw tether printed m a day or two before the pump. But, hey, never take for granted something a random guy writes on the Internet :D Long-term, I'm bullish - you can't just print a trillion BTC to save financial institutions if you know what I mean ;.
Just thinking. The Bitcoin network is self-evolving, to ensure that the time taken for a miner to win a block is steady at approximately 10 minutes. Easier than mining Bitcoin and more profitable than Bitcoin faucets. Bitcoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as "the internet currency.
Why has Bitcoin been rising in value so much lately? : AskEconomics
Getting set up on NiceHash is as Most of the exchanges like CEX, Binance, Esea Bitcoin mining reddit and numerous others offer an in-built Bitcoin notecase and lets you store Bitcoins stylish their wallet. The problem with material possession Bitcoins Hoosier State exchange is if tomorrow cardinal of these exchanges shut down, you would mislay access to your Bitcoin. Click here for options trades from Benzinga. The direction of the June E-mini Dow futures into the close is likely to be determined by trader reaction to Germany's BASF is benefiting as people under lockdown fix up their homes but its CEO said the chemical maker may be left out of the party after the pandemic as consumers turn their spending to entertainment.
CEO Martin Brudermueller told Reuters that BASF, whose chemicals and plastics go into items including cars, furniture and construction materials, has benefited from purchasing activity amid lockdowns. The mammoth cargo ship marooned in the Suez Canal has the potential to inflict damage on a global economy still recovering from the COVID pandemic. Widely watched airfares in China are recovering to pre-pandemic levels as domestic tourists lead a patchy air travel recovery, scattering crumbs of hope to a shattered global travel sector.
With international markets like Europe still in partial lockdown, the global tourism industry's attention is riveted on China's new travel patterns as it brings COVID under control and lifts curbs on movement. The Chinese domestic market quietly overtook the once-dominant U. The British pound rallied on Friday to break above the 1.