If we end up in another global lockdown, what do you think will happen to Bitcoin's price? Will it crash like before or bounce back? History shows BTC always recovers eventually, but that initial drop can sting.
What if another global lockdown happens? How will it affect Bitcoin?
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Didn’t BTC actually hit a record high during the last lockdown? Sure, the price dipped first, but it also soared later. The question is how well the world adapts this time around.
Yeah it could drop initially. People panic and sell at the first sign of a crisis. But long-term? After Covid, everything bounced back pretty well, including Bitcoin.
I really doubt we’ll face another long-term shutdown like we did with COVID. The current viruses are serious, but we have more tools at our disposal now. Crypto did take a hit last time, but it outperformed a lot of other assets.
Lockdowns in 2020 wrecked the market at first, but by the end of that year, Bitcoin was on the rise. Now we’re seeing signs of a potential bear market, but who knows what will happen next.
If another pandemic hits, it’ll affect everything. Stocks, commodities, you name it. Panic will cause people to sell, but I think that could also be the best time to buy more.
f0rk_5tackNewbie
Posts: 124 · Reputation: 3
#7Jul 30, 2023, 07:49 PM
Initially, markets crashed. But then the Fed printed a ton of cash, and that’s when Bitcoin started climbing. So if another crisis leads to a liquidity boost, we might see a repeat of that.
diamondhandsHero Member
Posts: 200 · Reputation: 2112
#8Jul 30, 2023, 10:52 PM
Not sure about that. If people can’t buy Bitcoin due to economic strain, it will definitely hurt the price. A lockdown could lead to lots of forced selling.
If another lockdown happens, I think it’ll be short. Governments learned from the last one, so I don't expect a long downturn for Bitcoin.
Honestly, if a pandemic hits, it’s not just crypto that gets hit hard. Everything takes a dive. Bitcoin won’t be the only one affected.
Nipah virus is trending now, but it’s not a new threat. The panic around it reminds me of 2019. But Bitcoin is risky, and it won’t thrive in a shaky economy.
True, but if things get bad enough, people might need to sell off assets just to survive, including Bitcoin. Survival trumps everything.
kevin_bridgeFull Member
Posts: 196 · Reputation: 677
#13Jul 31, 2023, 04:24 PM
You can’t predict Bitcoin’s movements based on past events. Each situation is unique. Market demand will dictate its price.
Yeah, but the fear surrounding pandemics can drive prices down quickly. Past experiences don’t guarantee future performance.
laser_nodeSenior Member
Posts: 63 · Reputation: 823
#15Aug 3, 2023, 04:19 AM
The real issue is how the global economy reacts. If people lose jobs, they’ll liquidate assets like Bitcoin just to get by.
I just don’t see another lockdown happening anytime soon after what we just went through. If it does, Bitcoin will feel the impact, at least temporarily.
jake.minerNewbie
Posts: 67 · Reputation: 18
#17Aug 3, 2023, 09:58 AM
I’m with you on that. Everyone’s still in a volatile mindset since COVID, so any hint of trouble could send shockwaves through the market.
But aren’t we overreacting? Bitcoin has been resilient. It might dip, but if history teaches us anything, it’ll find a way to bounce back.
It’s a double-edged sword. Panic selling could cause a sharp decline, but it could also be a buying opportunity for others.
viper_tokenMember
Posts: 11 · Reputation: 150
#20Aug 3, 2023, 06:55 PM
Yeah, but we can’t ignore the fact that some people will just need cash. That instinct to survive is strong.
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