Thanks for the warning, however, we have seen that Ethereum has somewhat recovered above $100, currently at $160. However, I understand your concern, losing -40% is a big scare for Ethereum bag holders, or those who bought around $200 and think that it is the cheapest price.

But let's see, the market bounce back, but checking at this very moment, it seems that it is all red again. Probably those who bought cheap coins are shorting, earning in the range of 20%-30% in just couple of days is good ROI, in my opinion.

I'm not expecting any major sporting events in the next coming months, so it's going to be boring, as this will have a domino effect, basketball, boxing, tennis specially contact sports. Yes, everyone losses in this worst kind of scenario.

Not just for the players, but the whole business itself, every support staff are going to suffer from games being suspended because of covid-19.

Yes, moving doesn't necessarily selling though, it's just the timing of the move that makes everyone nervous. But I just followed and trail, indeed there are no sell-off but just simply consolidating the huge amounts in another wallet.

I'm thinking that maybe the owner is trying to 'manipulate' the market and to picture that he/she is selling to cause panic and then take advantage of the situation to scoop more BTC.

Well everyone is into panic mode, triggering a massive sell-off not only in crypto but in the whole traditional markets around the globe. So for me this is the main reason, prior to the downfall, we have the plus token moving tons of their btc so that's the first catalyst.

And then triggered by the news of the covid-19 virus affecting everyone, not just ordinary people, but even those on the higher echelon in the society, like hollywood actors/actresses and sports personalities. So that alone, did chance the mindset of average joe and thinking they needed to have funds at hand to buy basic commodities in worst case scenarios.

What do you mean that it is not contagious as flu? Many average joe's are affected, even those people who are not highly susceptible are affected, i.e. NBA players, so it's dangerous and highly contagious.

Manipulation or not, the market is already suffering from the COVID-19 scare, it's really up to us, if you are an intelligent investors and looking for a good returns in the future, then maybe this is the right time to buy.

On the contrary, I think there is a correlation between traditional markets and crypto, it is because of the current corona virus scare that is spreading across the globe. And this is real, people died, many new cases are discovered everyday putting a lot of pressures on everyone including investors on the global market scale.

Moreover, crypto asset is very different, it's volatile and it is based on speculation. That's why it nosedive in the last 48 hours, because everyone is wanting to be on the safe side, they still prefer to have cash just in worst case scenario. Food are the main priority here, so people are stacking as much as they can and they needed fiat, that's why their is a massive cashing-out.

What reality?, it's been with us since the price went from $.1 - $ 19k in 2017 and then back to $3k in 2018, of course it is very volatile asset.

As for the correlation, obviously, every investors are into panic mode now, not just in crypto but the whole global traditional market, it is due to corona scare? or the oil war? Maybe, maybe not. One thing is for sure is that people are selling off to have some cash at hand in cash of a break-down.

Lol, we can't just draw conclusion here, just because it's friday the 13th means that the price of bitcoin is going to be that low, coincidence.

Other people also say that the Lunar Chinese New Year will have a positive effect on the price. Every year we hear that, but it's not always the case, it also means that there are no correlation whatsoever. You can trade - buy/sell whenever you want.

As I have said in my previous post, this is really an opportunity to grab cheap coins and everyone should get this wallet fat and be a bagholder of coins that you wanted to buy for so long but you can't because they are too expensive. Now the opportunity is here, so grab it, this might not come again.

We have seen worst in 2017 or as far back as 2015 when I joined crypto. We will definitely can recover from all of this, we just need to be patience here and do not panic.

It's now official:



https://twitter.com/NBA/status/1237917831506857989

As basketball fans, we don't want to hear that the season is over because of the corona virus shit.

But what can we do? Players are affected already and we don't know the extent of the damage specially for Utah Jazz players. We can also hope that Rudy can recover and the season continue after a few weeks.

Perhaps the media has something to do to make panic and fear amongst crypto investors that's why at this point its really hard to stop the sell-off.

I also read some TA around Feb that March will be somewhat on the bearish side and will recover on April prior to halving, so everything might be just a coincidence that we have the corona virus scare that is being attributed as the catalyst for the recent crashed.

Buy when there is blood in the streets - Baron Rothschild

So yeah, this is another golden opportunity from everyone to stack their crypto wallet and fatten it.
As the market is crumbling down and many are in fear and push the sell button, there might be wise and intelligent investors roaming around, picking up cheap bitcoin and other good altcoins.

Although we didn't want the market to fall-down, let's look at the bright side, just saying.

One of the worst day in crypto I would say, two days ago it was S&P who suffered the most of this epidemic and then crypto today. We can't tell when this is going to stop, bitcoin -20% and ethereum -30% and the bloodshed still continues as I type this message.

We might see another downward spiral and no one can tell when this panic selling will stop. The only thing we can do is wait and hope, and just HODL and don't panic and let everything settles down.

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Of course, crypto is here to stay no doubt about it.

But as what @Hydrogen, South Korea are going to implement stricter laws, and taxation which could burden more crypto enthusiast in the country as compare to other neighbouring South East Asia countries such as Philippines who are aiming to be a crypto hub in that region.

I guess I also have a mix feeling about this, I'm not saying it is bad, however, it looks like the South Korean government has cave in to regulatory body such as FATF to imposed a tight and very strict crypto compliance.

Nice, just the other day, I'm seeing #stacksats hash tag on Twitter and it gets me thinking.

And today I've see some handy calculator like this.  . I think everyone can play with this apps and hopefully see how their investments can grow in the future. Doesn't need to be $3 or less though, as long as you can put up like monthly, then it will be huge in the future.

Where did you see the price going to $217 today? It is still above $230'ish, still very strong price as far as I'm concern. We never thought that it could grow ~$200 but it did it February, meaning altcoin investors are slowly getting in the Ethereum platform again.

So I do not think that it will go below $200, in fact, $500 or above at the end of the year is a conservative estimates for me.

Of course, it is possible for altcoin market to grow separate from bitcoin, afterall they also have separate investors to begin with. However, we have to think that all altcoins are pair with bitcoin in the trading floor, so there could be correlations or at least some sort of mutual interaction between the two. And chances are, if bitcoin goes on another bull run similar to 2017, we might see alts growing near all time high again.

Just another way to suckered more money out of those gamblers, lol.

As far as casinos that I usually play offline, they have this so called "freebies" merchandise, you can claim them if you reach enough points in your gambling "card". So it's not really free, you still have to gamble on their casino reach some certain points to be able to get the merchandise that you wanted.

So this is just marketing ploy and gimmicks from them to get you to play and lose more.