How coronavirus can trigger a significant decline in the crypto market?

[ahyadinnn]

The worst has already happened, can still fall deeper but not for long, China and Singapore are already controlling the outbreak, it won't be long before Coronavirus becomes a history, I suggest you hold your coins instead of trading especially leveraging

I myself still hold the coins that I have until the price starts to rise again, and maybe I will buy a few more coins for me to hold, maybe you can also buy altcoin if indeed you have enough funds because the prices are now quite cheap

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[yazher]

The virus is now pandemic as the WHO said. therefor, almost all of the countries in the world are affected by this calamity. Holders all around the world are making their best move by selling their Coins in the crypto market and that was the main reason why we see significant decline in the market today. Things are getting worse every day, people wanted to stock as many supplies as they could to be ready for a total lockdown of their cities. I myself, experience the worst panic buying of my life when I go to the grocery store the other day, there was no cart anymore. luckily there were 3 baskets left and it was crowded with a huge number of people.

[fuer44]

actually not only the corona virus, but the crash has started from 2018 ago. when the stock market falls and investors come out of their investments, actually that's when the crypto market also crashes and that is evidenced by the collapse of the market. this is further exacerbated by the presence of a virus that has spread to many countries, which makes investors decide to withdraw their investment for their needs amid a viral issue that requires quarantine and is not allowed to leave the house. it gets worse with increasing selling power and decreasing purchasing prices. that's what makes crypto worse. if this virus does not stop immediately and at least last up to 1 year, it is not impossible the crypto market will experience the worst period in history and also the global economic crisis will make things more difficult.

[Republikcoin.com]

The worst has already happened, can still fall deeper but not for long, China and Singapore are already controlling the outbreak, it won't be long before Coronavirus becomes a history, I suggest you hold your coins instead of trading especially leveraging

I heard the same thing, but for some reason, this was not widely disseminated, so I still doubted if this virus had really found the vaccine. however, until now, people continue to exchange their assets with fiat for their basic needs, which is why many types of investments suddenly price dump.
until now I actually still hold my assets because I was too late to realize the situation, but I'm pretty sure of the wave that will happen next.

[bgaf]

The chances of losing its value is increasing as lots of countries now are being locked down. In my country, the main region is now under the locked down and people are already worried about this pandemic virus. Of course many crypto users are alao affected leaving them no choice but to convert it to fiat and buy essential stuff. I am not blaming them for doing so, cause some depends only on their earnings in crypto. Jobs and works have been suspended mostly and some dont provide compensation, so this crisis surely will affect the market.

[odukoyaewatomi27]

On the off chance that coronavirus was the explanation of market crashes, at that point I am very positive that soon this pandemic will be finished, there are as of now updates on control from the starting China so I figure it will be controlled everywhere throughout the world in next 2 to about a month. Businesses and markets will have returned to ordinary soon also so cheer up folks

[kingzpro]

The damage has been done with the sudden dip we saw last month while crypto market is already recovering and with the economies and businesses slowing down all across the world i think stock and equity market will suffer further for next one year atleast so it could make crypto market as the most attractive market for investment because almost all countries are now making pro crypto rules that will boost confidence of masses and money will flow into crypto market and we will see top coins soaring in next 1 to 2 years time.