Man. I don't understand where you want to go... almost everything you said is wrong.
Name one thing!
Lol ok, let's go.
Just because the market was slow to react (don't forget it was a weekend)
You are saying here that bitcoin is reacting to Corona virus now, as "bitcoin market was slow to react". This is absolutely wrong in every sense.
Don't you read the news? There is a price war going on between Saudi Arabia and Russia, which started this weekend. There is absolutely no correlation between this price movement and corona virus.
1 - You are wrong to say bitcoin was slow to react.
you thought, hey, this is good for bitcoin, let's make a bullish topic!
2 - Wrong again.... Please show me where this is a bullish topic. Holding the price is a bullish movement now?
Well, it wasn't, the bears are on a rampage!
3 - there wasn't any bear in bitcoin price related to corona virus, which is what this topic is about
Exactly my point! You created your topic when everything was fine and you said that bitcoin doesn't care.
Which now, when everything is not fine at all has been proved to be a wrong assumption!
Exactly my point! So your quote below two days ago is WRONG!
4 - wrong again.
it doesn't matter if only two days passed. I clearly can see you don't read the news and don't care much about traditional markets.
The situation changed entirely in 2 days.
There was a circuit breaker in NY, Brazil, and almost everywhere else. Do you know what this is?
I will explain to you, copy paste from wikipedia:
A trading curb, sometimes referred to as a circuit breaker, is a financial regulatory instrument that is in place to prevent stock market crashes from occurring. Since their inception, circuit breakers have been modified to prevent both speculative gains and dramatic losses within a small time frame. As a result of being triggered, circuit breakers either stop trading for a small amount of time or close trading early in order to allow accurate information to flow amongst market makers and for institutional traders to assess their positions and make rational decisions.
https://en.wikipedia.org/wiki/Trading_curbYou want to ignore everything that is happening in the whole world and force your idea that bitcoin is crashing slowing due to Corona virus.
THe circuit breaker prevent all negotiations of all Stocks in wall street, not only those related to Oil Industry. Do you really how big this crisis is?
This has nothing to do with Corona.
I am impressed and we can see that bitcoin price is not correlated with stock market.
Bitcoin price is falling for other reasons.
Name one and show proof of why.
lol. Name one reason??? Go read the news man.
And why should be a decline in oil also a decline in BTC?
World economy is based in Oil. There are tensions which may lead to war... there is instability everywhere. Ofc this can affect bitcoin price. The situation changed enterily
And I'm asking you again, can you please make up your mind?
I am impressed and we can see that bitcoin price is not correlated with stock market.
Not only the stock market is falling, everything is and bitcoin is no different this time.
So, which one is it, is it correlated or it is not correlated?
Bitcoin price is not enterily correlated. There were 2 crashed in the stock market. One smaller (corona) which didn't affect bitcoin, and one much bigger that you ignored , which affected the whole world economy. This situation may take years to solve and may lead even to war. This will ofc affect bitcoin and the stock market, among many other things.
Keep your" slow reaction Bitcoin Corona crisis" opinion and ignore Saudi Arabia x Russia drama (which is making the whole world crazy now, much more worried than the corona virus) and I will keep my idea that Bitcoin hold strong against corona virus.
Btw, I think bitcoin is perfoming extremely well in this world crisis. I don't agree that bears are on rampage. Bears are very shy now. Let's see how it goes... I expected a much worse bloodbath (Brazil Stock market is suffering much more than bitcoin)