Bitcoin during pandemics

[Eternad]

bitcoin down due to the effects of coronavirus cause the majority holder of bitcoin will sell when they entail costs for their needs at the time of virus outbreaks corona attack, everyone, of course, a lot of workers off due to virus corona they need the money for the life ahead they sell some of our valuable assets like bitcoin to meet needs in the future, not a few people who panic and sell all bitcoin they have.

This days what we really need now is to have cash to buy the essentils that we will need to live, this pandemic affects every economic life of different countries same with bitcoin as we will be needing a job to have living but if it also stops then many will be tempted to cashout some of their investment maybe in stocks,crypto or others.

[Debonaire217]

bitcoin down due to the effects of coronavirus cause the majority holder of bitcoin will sell when they entail costs for their needs at the time of virus outbreaks corona attack, everyone, of course, a lot of workers off due to virus corona they need the money for the life ahead they sell some of our valuable assets like bitcoin to meet needs in the future, not a few people who panic and sell all bitcoin they have.

This might be the cause, despite of thinking about the possible situation to happen such as expecting that more people will use bitcoin and its market price will increase, the opposite happened and that is people who have bitcoin started to sell. Well, we cannot blame them for their action as what is more important is to keep the family alive, and if bitcoin is the only way or asset they have to sell, it is a reasonable action to do so.

I have sold some bitcoins as well, but I still believe the its market price will be higher as soon as this pandemic starts to flatten its curve.

[Minerall]

Bitcoin fell before the pandemic. If you look at the price dynamics, then nothing has changed much during the pandemic, it either falls or rises.