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[LouieNeedsMoney]

I do not think that Bitcoin will rise because there are many people who have a lot of it when people lack Bitcoin and when the owners of companies become the largest number almost nothing left when people will explode and exceeds 20000 and 30,000 dollars.
For you, Will bitcoin rise this 2020?

 

[leithy]

With the price of bitcoin dropping to just over $5000 it will require a price rise of over 150% for miners to break even ofter costs. There is also bitcoin halving this year giving miners less bitcoin for their efforts. Will many stop? Could reduce availability but will demand also reduce if many leave bitcoin after recent falls? What reason is there for a rise or even a fall? Every response needs an action to cause a response.

 

[microunit]

The coronavirus crisis is directly affecting the price of cryptos, after the coronavirus issue subsides we might see some improvements but who know when will that come as a vaccine for the virus isn't still at sight

 

[berberguy]

The coronavirus crisis is directly affecting the price of cryptos, after the coronavirus issue subsides we might see some improvements but who know when will that come as a vaccine for the virus isn't still at sight

I'm a noob and I don't really understand how Bitcoin works
Can you explain in simple words how did covid19 have an effect on BTC price ?

 

[Fayiz]

Corona virus is cause of cryptocurrency cracking I think Bitcoin return to old rate gradually after corona crisis for me Bitcoin will rise again

 

[Balint098]

Some small-scale miners in China already went kaput because of this price crash. As to how the Coronavirus affects Bitcoin I guess because how with some countries imposing partial or even total lockdown, people can't go to their workplace, and not all jobs can be done remotely (work at home), some airlines and shipping companies already laid off some of its staff to reduce cost. And because of this people withdrew their investment in Crypto to offset the fund they needed to ride through this crisis (again, because not all jobs can be done remotely and some people already lost their jobs). Now it's not the time for investment, now is the time to survive.

 

[notdarkyet]

You know what? I was actually expecting the price for BTC to go up but it doesn't look like it will.

 

[KarthikP]

Maybe after Bitcoin halving in May 2020 , the price of Bitcoin can go up as high as $20000 that's all time high. It happened in 2017 December too.

 

[leithy]

Bitcoin will only go up if there is enough demand. There has obviously been a huge sell-off of bitcoin but who and when will the buyers return? This could be a good buying opportunity especially if bitcoin goes below $4000.

 

[hardMoney]

surely bitcoin still gonna rise.. it just need some time for it to get back on is fit.. the cracking down issue.. was the corona virus issue affecting crypto currency even tho the world's economic through out.. so my advice this is right time to buy and keep for those who are interested in crypto.

 

[KarthikP]

It looks like Bitcoin is now rising, I think now people are opting to use it as a means of payment since a lot of financial institutions have closed. It might hit 10k in no time

Yeah Bitcoin is rising and I have observed that this rise was started as soon as Corona virus issue was reduced in China. Many Chinese are major cryptocurrency investors.

 

[Fayiz]

Price of Bitcoin is slightly increases now price of Bitcoin is 6600$ at the moment I think increases again and price of Bitcoin will rise more than 10000$ again

 

[leithy]

Price is back to that of two weeks ago. There is nothing to suggest it will reach $10000 soon. Thinking of buying on any new dip though.

 

[Daniel001]

The concept of bitcoin rising in 2020 is dependent on some other factors. Some of those factors include; The economic stability of world power countries. The exchange rate of dollar and euro. ETC

 

[Bilalgul]

Today you can see that bitcoin is on 9 thousand dollars which is a huge leap this weak or just this past 5 days and the halving is yet to come

 

[microunit]

Today you can see that bitcoin is on 9 thousand dollars which is a huge leap this weak or just this past 5 days and the halving is yet to come

yep , we might see it reach up to 15000$ or probably even more in a few months if this continues smoothly, now would probably be a good time to invest in it as the price leaps are quite high