Good Question-Good Answer

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

" Following the strong downtrend of Bitcoin and economies being affected by COVID-19 epidemic, Is this an opportunity for investors to buy and accumulate before the halving cycle occurs? "

Congratulations to 2 players:

• damzylance with the answer:

Yes, the current downtrend of Bitcoin in the midst of the COVID -19 pandemic is a great opportunity to accumulate Bitcoin before halving cycles because like previous halving events, there will be an increase in the price of bitcoin. Unlike the stock market and other economies that collapsed totally during the COVID-19, bitcoin only suffered a minimal loss. Therefore it has proven to be a safe haven for investors.

• visiblemoney with the answer:

Indept analysis of the prior halvings reveal that there is limited impact of halving event on pricing action. It seems the return behaviour before, during and after a halving coincided more with increasing levels of speculation than with an underlying shift in sell side pressure. Therefore, the strong downtrend of Bitcoin and economic reactions to the ravaging impacts of COVID-19 pandemic is not an opportunity for investors to buy and accumulate prior to the third halving cycle because with few people buying and miners selling, there will be enormous headwinds facing the bitcoin markets that might make wide price forth swings almost impossible!