Good Question-Good Answers

Promotion • 2020/06/08 • by Remitano

"Good questions - Good answers" - where you can freely express all the questions, concerns, or difficulties that are causing you a headache and immediately receive answers from the crypto loving community in Remitano. We believe that starting with the right question, we will have the right answer and from there, which will lead us to make the right investment decisions.

The activity consists of 2 parts:
Part 1 Ask questions by commenting on this article. A good question selected by Remitano will receive gifts from us and become the official question in part 2 - Answer
Part 2: Answer by commenting on your answer. The 2 best answers selected by Remitano will receive gifts.

In the first round of Good Answers, Remitano found two best answers to the question:

" Considering the fact that previous bitcoin halvings were followed by massive appreciations in the price of bitcoin, could the price fluctuation between $8600 and $9872 after this year's halving be attributed to the novel Coronavirus pandemic? "

Congratulations to 2 players:

lilianchiamaka with the answer:

The price fluctuation between $8600 and $9872 can't be in any way attributed to the coronavirus pandemic. This is because rise and fall in price isn't the first time it's happening. This had also happened after the 2016 halving when the price of Bitcoin dropped to about $650 around July that year and later turned positive in September of that year. By December 16th, 2017, Bitcoin price had soared to nearly $20,000. The price then fell over the course of a year from this peak down to around $3,200, a price nearly 400% higher than its pre-halving price.
So the price dips is usually short-lived and which still rises sooner or later

exodusab with the answer

Bitcoin actually falls victim to the COVID-19 pandemic. Cryptocurrencies saw two major bouts of selling in March amidst the broader plunge in equity markets. Even though they eventually recovered that ground, the price fluctuation between $8,600 and $9,872 after the halving is creditable partly to the cash inflows from diverted investment as well as the new money printing. The investors who caused the slight bull actually saw the opportunity to buy BTC at bargain-basement rates before price pop post halving.