Do not blame it on Corona outbreak

[Ifemini]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

[1715344124]

1715344124

[1715344124]

1715344124

[1715344124]

1715344124

[1715344124]

1715344124

[joshua123]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

You already said it yourself that it lit the match and acted as a catalyst. I think there is also an effect on the market this virus that been on the news for the past few weeks. The market before it has started to improved and eversince this virus has been lurking, it affected the market price even the stocks, crypto and every sectors. Articles can create their own version but there is no denying that corona virus one of the reaponsible for this crash.

[Novatech8]

I think the present reason why Bitcoin losses it's value is because of a huge dump from an exchange, I saw something about this on news yesterday but I can't really remember the exchange name again, coronavirus already did it's damage and it's not that effective

[ife2020]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I wouldn't rule out corona virus as a factor as regard the dump. But it is not entirely the virus.
Couple of project whales, are dumping off their assets and there has been FUD too causing people to panic and dump off for fiat.

It is up to each individual or investor to make the right choices and dyor always.

[leowonderful]

The fact that coronavirus acted as some sort of catalyst for the temporary bearish market conditions we're seeing at the moment proves that it does have at least some impact on what happened here, but besides real-world conditions, some indicators were already showing a weakening uptrend with MACD and even entering overbought conditions on the 1D with RSI. It's getting people nervous about investments as a whole nevertheless. I still do agree that there was not one single reason for the recent price action though.

[kooboat]

Am surprise many people are blaming the recent decline in the price of bitcoin on the outbreak of Corona Virus. It is just a normal occurrence in recent times to see the price of bitcoin falling.  I don't just see how Corona Virus is being speculated as one of the main causes.

[shinratensei_]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

That virus is affecting the whole ecosystem and look at what fundamental behind this big dump https://cointelegraph.com/news/bitcoin-tested-as-a-safe-haven-after-biggest-stock-crash-since-2009
Corona virus was affecting the stock market and that created a big dump in the stock market too. that means people are also reacting the same thing on the crypto market too and all of these dumps caused by corona virus. You must not think about that if that was not giving a huge impact caused by the impact created by corona virus is a domino impact.
This virus is affecting the world economy globally.

[Vaculin]

Am surprise many people are blaming the recent decline in the price of bitcoin on the outbreak of Corona Virus. It is just a normal occurrence in recent times to see the price of bitcoin falling.  I don't just see how Corona Virus is being speculated as one of the main causes.

If this would solely due to the corono virus outbreak, we would have see the price slowly declining, but that didn't happen, the price has suddenly dump so we can't blame that to corona virus as it's already here even when the times bitcoin was still pumping.

this maybe the reason :
https://beincrypto.com/plus-token-scam-dumps-another-13000-btc-118m-may-be-responsible-for-bitcoin-drop/

[thisnewcoin]

Maybe you are right. This dump is not because of Coronavirus, because all these days we have been saying that the bitcoin price has increased because of Coronavirus then what happened suddenly people are changing their opinions and blaming Coronavirus? I think recent dump in the crypto market is manipulation by some big whales so they can fill their bags before the halving! Personally, I think this price dump is for a limited time, after a couple of days, the crypto market will go up surly!

[Valzador]

Maybe you are right. This dump is not because of Coronavirus, because all these days we have been saying that the bitcoin price has increased because of Coronavirus then what happened suddenly people are changing their opinions and blaming Coronavirus? I think recent dump in the crypto market is manipulation by some big whales so they can fill their bags before the halving! Personally, I think this price dump is for a limited time, after a couple of days, the crypto market will go up surly!

bitcoin prices will not go down because of the coronavirus, instead, people will choose safe investments between gold and bitcoin during a crisis like this, all world stock prices are red, trading delays, sooner or later bitcoin valuations will go up.

[GreatArkansas]

Their are still some parts of novel corona virus that's why market capitalization of cryptocurrency are bloody these days but it's not only cryptocurrency market capitalization, it's also stock markets or even the oil which is already lost more than 30% since the start of this novel corona virus outbreak.
For me, this is good dumps than those manipulation things, atleast now we have some idea why we are dumping.

[seleme]

The butterfly or domino effect, whatever you name the process the bear trend still dominates in the crypto market. Probably the correlation between the US index shares and risky financial markets has put its weight on the temporary catalyst. The BTC market price can go up to $15000 without correction but another excuse will pop-up for destroying this illusion. Harmony of the market depends on the time and price, all other factors are temporary, IMHO.

[sunsilk]

There are reports that the dump was not caused by the corona virus. We are usually aware if massive sell offs happened, the market is reacting quickly and it causes it to plummet.

I think this is an appropriate catalyst and reason for the said dump, the sell off the plustoken scam. They've sold 13k BTC.

Bitcoin Drop Due to 13k BTC PlusToken Scam, Not Coronavirus - Analysts

[samcrypto]

Let’s admit it, the virus affect every sector and stocks are also declining, the demand for Petroleum are declining and this force them to lower the price and now bitcoin are also dumping. We can’t bear this one in long term so let’s hope and pray for the cure as soon as possible, or else bitcoin and many markets will suffer a big more loss.

[hatshepsut93]

Last year we saw something similar when Bitcoin reached $13,000 but failed to grow further and entered a bear market - now we met resistance at $10,000 so the market similarly turned bearish because of the failure to reach even the last year high, which isn't even close to the ATH. It might take some more time after the halvening for the market to recover and attempt to break key resistance levels again. So, the virus really looks like a coincidence, I'm sure something similar would have happened even without it.

[Saisher]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

There are articles coming out and it's true that the PLUSTOKEN scammers are the one dumping Bitcoin on exchanges, they are using mixer so the authorities cannot trace them, but there is a concern that Corona Virus it will have an impact, positively or negatively in the market, let's see after the Plus Token issue is over.

[yazher]

So sad, because last year we were speculating the price to rise without calculating the issue of this virus. we were happy at that time because we thought this year we will gonna see some positive record breaking in the crypto market again but suddenly the news of the virus came, affecting almost all of the industries in the world including Bitcoin and other Altcoins. We can no longer speculate the price right now, Only God knows best what will gonna happen next and let's hope that this virus will end soon.

[taufik123]

Coronavirus at least has some impact that does affect the price of bitcoin. We know that China has become one of the most influential countries for bitcoin and many of the big miners come from China. Coronavirus turns off some miner sectors in China, of course. Some time ago the president of China also began to accept the blockchain as a technology that would be developed by them and impact on bitcoin.

The corona virus does not completely make the price of bitcoin go down but, people who want to get many benefits take advantage of this incident by spreading some negative news related to coronavirus. We in this forum must respond to events wisely.

[fuer44]

First, corona is the cause of the weakening of the global economy and the collapse of the global economy can make crypto also get a trend that is down because of panic. for example, airlines are currently losing money, and the prices of some staples are also rising because of the effects of the virus. I think that this is a bit of a concern for some people in the crypto room as well so that they are panic sell.

[fortunecrypto]

Am surprise many people are blaming the recent decline in the price of bitcoin on the outbreak of Corona Virus. It is just a normal occurrence in recent times to see the price of bitcoin falling.  I don't just see how Corona Virus is being speculated as one of the main causes.

If this would solely due to the corono virus outbreak, we would have see the price slowly declining, but that didn't happen, the price has suddenly dump so we can't blame that to corona virus as it's already here even when the times bitcoin was still pumping.

this maybe the reason :
https://beincrypto.com/plus-token-scam-dumps-another-13000-btc-118m-may-be-responsible-for-bitcoin-drop/

That's a huge amount of Bitcoin to dump.although it's a good opportunity to buy Bitcoin, but we should not let this happens authorities should stop this scammers from dumping their loot, there should be a way to track where this coins are coming, they are using mixer that is why authorities are having a hard time exposing these scammers.

[Reid]

Oh thank you!
I have the same opinion.
It is just that the virus is going viral and then a sudden plunge in the bitcoin price which happens all the time with or without any virus, war or whatever event is going on the world.
If it is not about crypto currencies then it should not be connected with it.

For example: Satoshi suddenly comes out.
Yeah, that would mean a lot of movement in bitcoin price.
Fear of selling or the hype of buying more. 

[Xampeuu]

Am surprise many people are blaming the recent decline in the price of bitcoin on the outbreak of Corona Virus. It is just a normal occurrence in recent times to see the price of bitcoin falling.  I don't just see how Corona Virus is being speculated as one of the main causes.

If this would solely due to the corono virus outbreak, we would have see the price slowly declining, but that didn't happen, the price has suddenly dump so we can't blame that to corona virus as it's already here even when the times bitcoin was still pumping.

this maybe the reason :
https://beincrypto.com/plus-token-scam-dumps-another-13000-btc-118m-may-be-responsible-for-bitcoin-drop/

That's a huge amount of Bitcoin to dump.although it's a good opportunity to buy Bitcoin, but we should not let this happens authorities should stop this scammers from dumping their loot, there should be a way to track where this coins are coming, they are using mixer that is why authorities are having a hard time exposing these scammers.

I don't think corona is causing this big dump. because we see when corona appears and booms, bitcoin is actually increasing. so I don't think corona has a big influence on the development of bitcoin. but we also see gold going down sharply with almost the same time as bitcoin, it could be whales in action again after all this time sleeping

[Iyanu14]

Anyway, it might be some coincidence, but in as much we are still in this world, I think whatever that have the ability of affecting the world could also have some influence on cryptocurrencies.  It is true that some unidentified looters of Bitcoin may be dumping it. But when the economy is down too, those with crypto assets may want to sell it too to get some recovery, at least you sell what you have to get what you need. I think both have a way of interconnection though might be little.

[Vishnu.Reang]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Check this article from CoinDesk:

https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff

It claims that a massive dump, worth more than $120 million from the PlusToken scammers was the real reason why the cryptocurrency prices crashed. I can't vouch for the authenticity of this news article, but I regard CoinDesk is a reliable source for information and news related to cryptocurrencies. The impact from Coronavirus may have had a limited impact on the cryptocurrency market.

[TanakabZX]

It's already been said on the internet that scammers are responsible for the price loss, they dump huge number of Bitcoin that's why the price goes all the way down, the name of the scam is plustoken and it's one of the biggest ever in crypto space followed by bitconnect

[Wildwest]

If anyone says the current price reduction in the effects of a korona virus it can happen because with this virus many activities in various countries are disrupted and I think it also impacts the crypto world, despite the impact on the world Crypto is not so true but trade is a little disturbed, we expect to be in the future this problem will be quickly resolved.

[cahbagus555]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Coronavirus outbreak makes the supply of goods worldwide hampered and this disrupts the world economy. I think the fall in stock prices or the value of money and the current price of crypto because investors prefer to wait and see

[lienfaye]

There's another reason behind this sudden downtrend of the market and its not because of the covid-19 outbreak.

Some people are connecting the market's situation in this illness because its a global issue that might affect the economy of each country.

If you started to sell your assets to buy medicines or goods in relation to this virus then it will have an impact to the market depending how many coins you sell.

[Yudhisthir]

We should not be as surprised as the current conditions are adverse to global economy. The stocks are crashing around the world. Gold is the only asset rising while the trade war has brought crude oil price down. China is recovering quick while the rest of the word are just starting to suffer. USD have risen to some extent but US economy is still in risk as there are much more unknown cases in US than anywhere else.

[Polar91]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Accept it or not, corona virus outbreak did affected the eonomic state thus it affects the market too. It can't be denied because the stock market are struggling too because of this outbreak. You may check it here: https://www.google.com/amp/s/www.cnbc.com/amp/2020/01/22/alphabets-1-trillion-mark-doesnt-signal-end-in-big-stock-gains.html

As you can see, it's not just a coincidence that the market both crypto and stock are struggling. There should be a reason and the biggest issue that we are facing is corona virus. It does makes sense. We should accept it.

[akwfleaspirit]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

You are perfectly correct, in some way, but truth be told, many crypto whales live in China and if they have such outbreak of virus, then it will definitely affect the crypto market, it's all over the news on how it's affected the economy and as many has said, I still believe one way or another, it has a great impact in market/economy. Hopefully this pass and the crypto space gain back it's balance.

[strunberg]

There's another reason behind this sudden downtrend of the market and its not because of the covid-19 outbreak.

Some people are connecting the market's situation in this illness because its a global issue that might affect the economy of each country.

If you started to sell your assets to buy medicines or goods in relation to this virus then it will have an impact to the market depending how many coins you sell.

i think there are two reason why market suddenly crash, corona virus and tokenplus scamming that sold around 12k bitcoin. market be panic when they see soo many bitcoin sold in market, they just worry whales quit from cryptocurrency. and it not happen to crypto market, finance market also feel fear with this corona virus. people maybe prefer hold fiat to fullfill their need to overcome this virus.

[OasisDre]

I don't know what to belief anymore, Coronavirus did affect the market and plus token scammers brings another heavy blow to the market by selling off 12-13k pieces of bitcoins, but actually if I have to judge this i will say Bitcoin getting drown by 13,000 pieces is bullshit where as the max supply of Bitcoin is 21million

[Jating]

Oh well, there's a lot of going on not just in crypto but in the whole world as well. There are political tensions, trade and oil wars and lastly the effect of the corona virus. So in a case, everything is connected, traditional markets and crypto currency.

We can't say that it is all about the corona outbreak, but definitely, it is one contributory factor that really led the whole market crashing down because of fear amongst people, not just ordinary or average folks, but even to those investors alike.

[Google+]

Oh well, there's a lot of going on not just in crypto but in the whole world as well. There are political tensions, trade and oil wars and lastly the effect of the corona virus. So in a case, everything is connected, traditional markets and crypto currency.

We can't say that it is all about the corona outbreak, but definitely, it is one contributory factor that really led the whole market crashing down because of fear amongst people, not just ordinary or average folks, but even to those investors alike.

I found the article earlier why many of the downward world economies were not from the corona virus, but there were some cases such as the case of oil in an Arab country that did not find a clear meeting point that made the king of the Arab countries angry and made oil prices so cheap and ultimately had an impact on the price of cryptocurrency and the world economy shook immediately.

[Mulann2]

Maybe you are right. This dump is not because of Coronavirus, because all these days we have been saying that the bitcoin price has increased because of Coronavirus then what happened suddenly people are changing their opinions and blaming Coronavirus? I think recent dump in the crypto market is manipulation by some big whales so they can fill their bags before the halving! Personally, I think this price dump is for a limited time, after a couple of days, the crypto market will go up surly!

Because it is clear that people don't really know the cause of the dump, if it is corona virus related or just an already design time for the market to dump, in my opinion, just like the op, i think the market was already at the stage of correction then the case of corona virus happens, this is an observation on the cryptocurrency aspect,
and as for the stock market, i think the virus may play a role in the dump, since this kind of news does affect the economy of a country it is most likely the virus is causing the stock market to witness this melt down.

[bitgolden]

I do blame corona outbreak but not because of the downfall of bitcoin or any other crypto, I am blaming it because it has created this huge fear in people that of course trickled down to financial world as well when it shouldn't have. There are companies who have nothing to do with corona or even peoples deaths that has gone down as well and that basically shows how fear works as well.

These companies like for example steel company I have a stock on, dropped in price whereas their sales have gone up so far in the recent months, meaning they are actually making more revenue and more profits but their stocks gone down, why? Because people sold, if the company is making more profits while the stock price goes down, that is a perfect reason to buy it and not sell it.

Same type of logic could be said for bitcoin as well even though there is no sales, there is no reason for it to go down as well.

[NavI_027]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I believe this is not a coincidence, everything happens for a reason. If the spread of Covid 19 contribute a lot for the sudden reduction of carbon emissions of China then what more for its economy — what more for the Chinese crypto whales. Bur honestly this is not what I expected from the very start. I thought we can see silver linings on the recent happenings but there's none. What I think of is that people tend to be more active in front of their computers and focus on trading but I'm all wrong. What seems right now is that most of them are immobilized thuse becoming unproductive .

[Finestream]

Not everyone has the same belief, personally I don't blame that its only because of the corona virus, it's the sudden dump that started this dump and that's not due to the fear of the virus for sure, if that is due to the corona virus, we would see a stable decline but its not happening it;s a sudden one and it seems the market is slowly recovering now as bitcoin is back up to $8000 as of this writing.

[princesspoppy]

I think corona virus not only affects the declining of cryptos but as well as the whole economic system of the world. Necause of the outbreak, many people are afraid for their lives and are starting to stay at home, mang establishments are closing that results to decrease in employment and works, that results to economic crash. This may also be the reason why people are starting to convert their cryptos for fiat currencies, in order for them to have tangible money they can use in crisis like this.

[Sanugarid]

If anyone says the current price reduction in the effects of a korona virus it can happen because with this virus many activities in various countries are disrupted and I think it also impacts the crypto world, despite the impact on the world Crypto is not so true but trade is a little disturbed, we expect to be in the future this problem will be quickly resolved.

We can really say that it somehow affects the value of crypto at some point. As the outbreak occurs, transactions may occur less often. If we are going to look at the market value's rise, we can see that there's really an effect to crypto. We can hope that this phenomena would end soon so that things may get better for the world economy and for the crypto community.

Not everyone has the same belief, personally I don't blame that its only because of the corona virus, it's the sudden dump that started this dump and that's not due to the fear of the virus for sure, if that is due to the corona virus, we would see a stable decline but its not happening it;s a sudden one and it seems the market is slowly recovering now as bitcoin is back up to $8000 as of this writing.

Yes, corona is not the only one to be blamed for the sudden downfall of the market. There are other factors that contributes more to the decrease of market's value like the continuos massive hold of the whales which affects the value way back up until now. As the halving comes near, maybe we would see some improvements so let us just wait and hope that corona outbreak would soon end.

[wozzek23]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Hey, did you read what you wrote before posting it? You said Corona outbreak is not the cause of this fall and then you also said that it acted as a catalyst, lol what’s a catalyst if it’s not a cause? So, you’re still landing at the same point that everyone has been saying.

The thing is that Coronavirus outbreak is not the only thing that have caused the price of Bitcoin to fall this low, there are other factors that have also contributed to what we are facing now, but this is not going to be long and the price is already recovering quick. After it dropped it managed to get back up to $7900 yesterday and today it has moved up to the price rate of $8000. All these things are temporary, and since Bitcoin is a volatile asset there will always be times like this.

[Sendi blackspade team]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Hey, did you read what you wrote before posting it? You said Corona outbreak is not the cause of this fall and then you also said that it acted as a catalyst, lol what’s a catalyst if it’s not a cause? So, you’re still landing at the same point that everyone has been saying.

The thing is that Coronavirus outbreak is not the only thing that have caused the price of Bitcoin to fall this low, there are other factors that have also contributed to what we are facing now, but this is not going to be long and the price is already recovering quick. After it dropped it managed to get back up to $7900 yesterday and today it has moved up to the price rate of $8000. All these things are temporary, and since Bitcoin is a volatile asset there will always be times like this.

I don't think the effect is too great on the crypto market. Coronavirus is indeed disrupting the world economy but in the crypto market, it looks a little different. I still think the market looks stronger than last year. because as you said when it decreases it can get better soon. This market is doing just fine, there is nothing to worry about.

[kbhutto]

The coronavirus outbreak has become an international concern because the effects of the corona virus have left thousands of businesses completely stalled, not even operating, Now in a situation like this the crypto industry is also affected by the corona virus outbreak because the crypto perpetrators panic and sell assets so that prices plummet.

[semobo]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Its just only due to the corona virus,there is a whole shock on demand and supply on every country due to the manufacturing hub of the world China got affected most and also every investor wants to cashout their money and invest into gold or other store house of value so market is dipping but this is not possible with crypto market yet.

[DonFacundo]

I blame now the corona virus this present dip because the virus is slowly spreading in some countries and it's increasing the rate of infected. People will sold their cryptos and buy some things that can protected from corona or donate it. I'm very hopeful that we can see again the bull market because of the halving but now seems difficult to achieve it because of the corona virus.

[Ashong Salonga]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

We all do have our different perceptions or views about the current situation of the market and we also do have different theories and here says on what is the real reason behind this downfall. Well, what I can say is that there is some how an impact on the crypto market regarding the continuous wide spread of the virus because people who uses crypto can also be affected on it so the effect of this can some how be related on the price down fall. Also, recently, I have heard and read in an article that there is this one exchange that dumps the price of Bitcoin which also affected the current state of the market. Maybe we are just seeing the different side of the scenario but there can really be a reason behind these happenings and it is already depending on us on which will we believe but let us just assure that the sources are legible and reliable.

[bttmember]

Yeah i agree with you, economies and businesses around the world were getting slow and big industries outcome was getting lower but suddenly this viral outbreak has proven to be the fuel on the fire and have just dumped almost all markets and looks like recovery will take time from here on.

[Destroyeroff98]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Coronavirus in any case has an impact on the economy and, accordingly, on crypto.
But this virus does not have the biggest effect on cryptocurrency. Cryptocurrency is now declining due to several factors.

[plast555]

We are considering the BTC as digital gold and a kind of asset class similar to gold including myself so whenever there is a war or some crisis money will flow into the gold or similar to gold from stocks. But in reality, if we compare the past charts both BTC and S&P 500 have some major correlation in the price movements I don't know the reason why but it's there. Everyone knows the global stock market is crashing because of the coronavirus and it's affecting the crypto market as well and commodities like oil are also taking a big hit on it.

I got to know about this correlation from a Youtuber Alessio Rastani in his recent video and he is a good YouTuber in this space

[South Park]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

It is obvious that when it comes to such a fast decrease in the price you are not going to find a single reason since there are too many factors involved, in my opinion the growth itself was suspicious since the price almost reached 10500 without any significant volume increase, as such it was bound to go down on its own, however when we add the weakness the world economy is showing and the conflict when it comes to the oil production then this generated the perfect storm that caused such an abrupt decrease in the price of bitcoin and altcoins.

[DarkDays]

In reality, the coronavirus should be driving people towards assets that don't rely on centralized infrastructure to succeed, e.g. Bitcoin.

However, the recent downturn is likely related to a whale dumping swathes of BTC, or a lack of volume caused by a lack of interest in the market. I really don't think that Coronavirus scare has had any influence on the market whatsoever.

You need to realize that news outlets try to find whatever tenuous link to a crash they possibly can just so they can make the news.

That involves grasping at whichever straw is closest—which is the Coronavirus in this case.

[alani123]

I would agree with the sentiment in the OP but also consider that economy is multifactoral. Sentiment is more than action with BTC. Economic activity is shrinking IRL because of the virus and BTC is not a safe heaven. The extent at which BTC is affected by the virus is real. Just not as big as perceived IMO.

[kaya11]

I thinks it's more likely that the outbreak will help the price go up, what is your best reason why it is the reason of the current dip? If the a country falls, thee economy too, thus their currency. In order for them to save their money value, they would buy gold or other stocks outside the country, and one them could also be crypto currencies.

[XCANA]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

You're right to have said this because, digital currency is far better than the fiats when it come to transfer of germs. Coronavirus hit some countries and causing them to remain in perpetual fears of the fiats transferring coins for one of to another as a means of spreading the varus among the humans. The stock market also give much decline, and the entire global digital currency will be next.

[Bohr256]

Yes, the Coronavirus had a hand in crashing the world economy, this includes the crypto sphere. To claim the opposite is outlandish. Furthermore, some of you claim it was because 'scammers dumped 13k btc,' really? Is the BTC so damn vulnerable that every time there's a dump, 0.07% of total volume in this case, the whole market is going to crash? If the system is so vulnerable and weak, then the whole idea of crypto is worthless and a waste of everyone's time/resources.

[doctor877]

It's a general world problem , not as if crypto alone is singled out.! What we hope is that funds moving from other markets will come to crypto as a safe haven but that is yet to happen. Howbeit, if the trend continues like this we might not pass our previous highs as this a very bad occurence.

[Kiefner]

I don't think it's because of the virus. Oddly enough, it did not have much impact on the cryptocurrency market. Therefore, it should not be blamed for the fact that crypto is falling in price.

[SaidNurs]

I think it's one of the factors that affect a country's economy, where with the outbreak there are many countries that focus on dealing with the epidemic so that the economy of a country affected by the outbreak of the virus

[Kotone]

OP do you know how to read or research? The statistics showing us is clearly a good evidence of being affected by the pandemic virus. First China rolled out their employees for a long time quarantine, this already means that everybody will be affected provided that Chinese are the main manufacturer around the globe and some of the companies on every countries ties up with them. Sorting od the delay, stocks would likely be going down and some investors are afraid to lose some value there and resulting to downfall. Same case with cryptospace where the investors also pulling out.

[Leonardo7]

The bad effect of Coronavirus on the market can't be completely ruled out. I told some friends that people in some nations have some level of restrictions forcing them to stay at home and this is limiting their ability to make money which is then visible in the global financial market, the Cryptocurrency market is part of the global market. People are severely affected by this epidemic.

[Rodeo02]

I don't think it's because of the virus. Oddly enough, it did not have much impact on the cryptocurrency market. Therefore, it should not be blamed for the fact that crypto is falling in price.

virus came from china so the one to blame is those persons who eat bat. Since they are the reasons why we have corona virus right now that affect the stocks market and economy.

But in crypto currency there might be other reasons why its colapse and its not related to corona.

[Arcas]

Corona virus have big problem for many countries and Italian become most worry country with this virus, they have stop for all sport event and football of Serie A stopped for several weeks later by Corona virus cases, any other country not allowed for football even watching by their supporter, I think give many big cases wit h corona virus.

[Mpamaegbu]

No, I don't think that's the case with Coronavirus. It's obvious that the epidemic has a great effect on global economy, bearing in mind that China is an economy world power. In addition to that, people only think of survival whenever their is an epidemic outbreak, and not profit making.

[MWesterweele]

Corona virus have big problem for many countries and Italian become most worry country with this virus, they have stop for all sport event and football of Serie A stopped for several weeks later by Corona virus cases, any other country not allowed for football even watching by their supporter, I think give many big cases wit h corona virus.

We can't blame them because it's a serious matter so even us we need to be careful, we need to stop for a while our daily activity to avoid infected from the virus even it means its affect our activity in crypto. I think the best way to do is to lessen the activity that exposed us into the things that can caused to be infected. Only need to do is to be careful, avoid to the place where you can be infected and it's better to stay at home.

[senin]

Recently, many factors influence the price of the cryptocurrency market. It cannot be denied that the spread of the coronavirus epidemic had a negative impact on the entire world economy, including all markets, because people are afraid to take to the streets, the usual life of people and the course of ordinary economic processes are disrupted. Now there is a sharp decline in activity on the cryptocurrency market, which means that the coronavirus still negatively affects the price of the cryptocurrency.
Also, individual cases of selling large quantities of bitcoins on exchanges have now been noted. However, all this is temporary.

[tabithacrab]

Yeah that's right! I think like you. Crypto currencies are distinct from circulating currencies or local currencies. How the diseases affect to the economic will not affect to the electronic coins. All is just the panic of people.

[Utoy101]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Well just like you said, the corona viruses acted as catalyst if not the main cause to the downtrend of most businesses this early 2020. To be honest, the first quarter of the year started with lots of prospect and potentials to a bearish market but the outbreak of the disease put an hold to many businesses starting from china and everyone became concerned about their health. From where i stand, i'd say it's the major cause for the dip and not just for cryptocurrency market alone but for every businesses out there.

[airdnasxela]

COVID-19 is one of the biggest news right now in all countries (even those countries with no virus cases). Everyone is talking about this issue so you can't blame them if they think that the virus is one of the major factor that affects the price of the market. It's a world issue that everything is monitoring. It's not only the virus that causes the changes but other companies are also experiencing the decrease of the market.
For me, I do believe that Corona virus has a significant effect on the movement of the price.

[isaac_clarke22]

It is just their sudden reaction from the issue, and we shouldn't be surprised by that kind of reaction because everything seems like so sudden and somehow a bit of a coincidence to happen at the same time. Remember that we breach 10k price of Bitcoin just when the early days of the outbreak and people thought that majority are now in crypto. I even remember that Bitcoin pump before, just few months back, was due to the Iran and USA friction. 

[smyslov]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

By now everybody knows the cause of this outbreak and it has nothing to do with Corona Virus, but Corona Virus epidemic is not yet over in fact it seems it is just starting out, we never know if this is going to turn into a pandemic, and it's possible that it will have an effect in the market, we never know let us just pray that this epidemic will have a cure.

[safem]

In my own opinion, I do not think the dip in market price has a anything to do with corona virus.The news about the virus started spreading recently this year so the market dip of last year couldn't have been because of any virus not to now talk of this year. The trend in the mode of trading is part of what is affecting the crypto market. Many traders are of the habit of dumping which always consistute to the dip in market price.We all need to work towards ensuring rise in the market value. We must reduce the rate at which we dump the price of coins when trading.

[trauchot]

Now the cryptocurrency market, like other financial markets, are falling sharply, and the rate of fiat and virtual currencies are changing dramatically, and unfortunately this process cannot be stopped until the corona virus will recede and it is difficult to say when it will all end.

[Ezravdb]

COVID-19 is one of the biggest news right now in all countries (even those countries with no virus cases). Everyone is talking about this issue so you can't blame them if they think that the virus is one of the major factor that affects the price of the market. It's a world issue that everything is monitoring. It's not only the virus that causes the changes but other companies are also experiencing the decrease of the market.
For me, I do believe that Corona virus has a significant effect on the movement of the price.

indeed the reality at this time like that, Corona virus outbreaks have caused world stock exchange trading dropped quite badly, the Government of each country has implemented a red light so that people can be careful in carrying out their work activities. from this it has a direct impact on the economic slowdown in each country. the falling price of the BTC was also triggered by the Corona virus and and negative news that develops. we hope this can pass as soon as possible.

[zulfi125]

All the stocks markets and oil market are crashed due to Corona outbreak then this impact also can see the price of altcoins, I hope the price of altcoins and BTC will be rise before halving and I hope Coronavirus will be controlled in coming days.

[cryptothreads]

COVID-19 is one of the biggest news right now in all countries (even those countries with no virus cases). Everyone is talking about this issue so you can't blame them if they think that the virus is one of the major factor that affects the price of the market. It's a world issue that everything is monitoring. It's not only the virus that causes the changes but other companies are also experiencing the decrease of the market.
For me, I do believe that Corona virus has a significant effect on the movement of the price.

indeed the reality at this time like that, Corona virus outbreaks have caused world stock exchange trading dropped quite badly, the Government of each country has implemented a red light so that people can be careful in carrying out their work activities. from this it has a direct impact on the economic slowdown in each country. the falling price of the BTC was also triggered by the Corona virus and and negative news that develops. we hope this can pass as soon as possible.

Actually, Corona has only made things worse and worse and it has made the economy of the whole world almost collapse for more than a month. I think the crypto market is also affected by this disease but not much because this is still a place that has not had a great influence on the current economy.

However, if this situation continues to last, maybe this year will be the most difficult year for all investors and everyone may face a lot of risks when investing in financial markets.

[reallester]

We can't but say that the Corona effect caused the present crypto dip. This is the fact that the virus outbreak has really made situations and the economy worst in most nations especially those directly affected by the virus. Let's take China for instance...since the outbreak of this virus, I am pretty sure that Chinese economy is facing a lot of downtrends and this is also affecting the crypto market in one way or the other.

[inanilujimi]

I don't think this actually had such a big impact, but it was a coincidence that when the market was corrected at the same time Corona came, which made things panic.
what we have to understand about the crypto market is very vulnerable to change so be prepared to accept the risks involved.

[Rodeo02]

I don't think this actually had such a big impact, but it was a coincidence that when the market was corrected at the same time Corona came, which made things panic.
what we have to understand about the crypto market is very vulnerable to change so be prepared to accept the risks involved.

it have a big impact in the market even oil decline the price because of corona virus .

I just dont find that it is related in crypto since
Those two market is different the decline of the price of crypto is base of the investment scheme that run invesytors moneh with a total of 20000 btc (correct me if im wrong) this one create panic to sell thier bitcoin and other altcoin also been affected because of that.

[nydiacaskey01]

Some holders maybe selling a few coins to buy some necessities specially for those who lives in a country where they are already panic buying some stuffs that they use everyday. Like here in the Philippines, majority of those wage earners line up in the grocery stores only after payday. But lately its different, the line is long even if it is not payday yet. So they are spending their saved money to prepare for the worst. But I don think the amount they are cashing out is not that big enough to cause a dip of Bitcoin price.

[xvids]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I also think that it doesn't have connection but I was wrong.
People are starting to hoard everything that they need like food,alcohol and other things.
And they need money to do it and maybe it is the reason why many people are selling their crypto and stocks.

[Blackdeath]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I also think that it doesn't have connection but I was wrong.
People are starting to hoard everything that they need like food,alcohol and other things.
And they need money to do it and maybe it is the reason why many people are selling their crypto and stocks.

You maybe right that a lot of people could be selling their cryptos right now, so that they could prepare and stock all of their basic needs. It might be the reason why we are now facing the bear market that most cryptocurrency, especially the price of bitcoin was started to go down.

[Furryball]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I believe Coronavirus is having a big impact on crypto presently, this has already forced many to sell their coins, I read on news about a XRP fan who sold all her holdings simply because of Coronavirus, think about it, she might want to leave the country or get some things to stay safe from this virus and she had no choice but to sell, it makes sense

[tvplus006]

I don't think this actually had such a big impact, but it was a coincidence that when the market was corrected at the same time Corona came, which made things panic.
what we have to understand about the crypto market is very vulnerable to change so be prepared to accept the risks involved.

The international financial crisis and the coronavirus were not coincident. It was he who started the stock market crash. We are now seeing money leaving the stock market, but they are not in a hurry to join the cryptocurrency market. This means that investors are either waiting for the best price for the cryptocurrency or waiting for the best price in the stock market. We will see where this capital will be invested in the near future.

[Rosilito]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I believe so too. However, with the current circumstances right now isn't it because of the corona virus effect? I mean not on health but on the mindset of people all over the world, right now. Like there are panic buying in my country/place happening right now. People tend to buy all necessary stuff for them to lock themselves up on their home/room as corona virus been looking for a cure. Relating it to crypto space, it is more like people try to sell their crypto in order for them to buy it for such stuff alcohol, and foods... With that catch, and current crypto market it would as well drag down the price given the fear of not be able to take their possible profit.

[masterrex]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I think it is partly related to the coronavirus scare, especially in Europe and China people need cash to buy the much-needed merchandise thats why they sell their holdings, plus another information about the Plus token dumping of its bitcoin reserve that may also cause the Bitcoin price dump.

[Nadziratel]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Can you tell me, don't you still believe that Corona crisis didn't affect us?
The world economy is preparing for a very difficult test with the Corona virus. World trading habits can evolve into very different dimensions. For this reason, I recommend you not to underestimate the economic effects of Corona virus. Many markets, including cryptocurrencies, have suffered huge losses today.

[FanEagle]

It is getting harder and harder to not blame it on corona virus, I mean looking at the current situation globally there is a financial doom going around everywhere and it is quite impossible to say it has nothing to do with corona at all. I personally think that corona was nothing and even though it is a bigger outbreak than the other viruses like swine flu or ebola, it is still nothing major if you ask me.

However, people are not thinking it like that, many people are worried about it so much that financial world has collapsed on a new low in 2020 because of it. Of course crypto got affected by it as well looking at the latest situation. I am not actually blaming corona because of it, I am blaming people who are overreacting about corona because they are the ones who caused this.

[gundala]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

there are many factors indeed, but the corona virus is the most prominent because it causes panic in almost all the world. Just look at the impact on economic activity, the stock market, oil and crypto which dropped quite deeply, public activities, major events such as football and concerts were postponed until this situation could be overcome. This has a very broad effect, whether it has a direct or indirect effect, which is clear, this is a factor that worsens the situation.

[cytpoway121]

On a frank note, there has to be a reason for any situation that occurs, which is why btc and crypto currency downtrend was tagged to corona virus. Prior to the massive dump in prices, there were enough fuds spread across ranging from business downtrend to stock crashing and also couple of shutdowns from different countries across europe and usa.

And people panicked and the dump occured, it is definitely not a good time for hodlers, but people also took that opportunity and packed more than enough for their self, even traders made short time profits.

So for newbies, its a blame game
For professionals, its an opportunity

[Vishnu.Reang]

I have been saying this for quite sometime. The cryptocurrency prices are going down due to hackers and scammers dumping their coins, and not due to the COVID 19 epidemic. Check this article, and you may get a fair idea regarding it:

https://cryptonews.com/news/plustoken-scam-still-has-btc-61-229-undistributed-report-6010.htm

According to the analysts, a lot of coins are remaining in the wallets of these scammers and the prices may further go down when they try to liquidate them. They have already cashed out a large part of the loot, but plenty more crypto assets are remaining with them.

[Latviand]

We just cannot disregard the fact that the recent huge downfall in the market prices of crypto happened amidst the spread of Corona Virus, which could somewhat triggered such thing. I know many people still are not believing on the correlation, I was also one with such thinking before, but maybe, it does really an effect especially the moment when the virus became pandemic that it affected different countries. Right now, there are people being able to recover from the virus in which we may look forward, as a sign of recovery, and could also be for this industry, I hope.

I don’t know what exactly is said in those articles that you read, however the world is now in quarantine. Huge areas and the people living in them are isolated, which prevents them from actively participating in consumption as it was before the epidemic. This in turn reduces the economic turnover of each cured country. It is not surprising that the epidemic caused similar events.

Maybe those are the topics which are correlating corona virus to the market price of cryptos which was believed to be not affecting one another. The assumption is due to the fact that when corona virus appeared, it showed no effects to this industry, but maybe, things are different when the virus affected many countries already, that caused havoc to some places, as well as panic.

[Destroyeroff98]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Coronavirus affects the cryptocurrency market in any case.
If this virus has affected the global economy, then what prevents it from affecting cryptocurrencies?

[Asuspawer09]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

You already said it yourself that it lit the match and acted as a catalyst. I think there is also an effect on the market this virus that been on the news for the past few weeks. The market before it has started to improved and eversince this virus has been lurking, it affected the market price even the stocks, crypto and every sector. Articles can create their own version but there is no denying that coronavirus one of the responsible for this crash.

Surely this coronavirus or COVID 19 virus has a big factor that affects the dump of the market price of bitcoin and popular altcoins in the past days. A lot of countries are already affected and lockdown because of this virus.

Especially the virus came from China.


Source:
https://www.worldometers.info/coronavirus/

I think it was a lot of holders sell their holdings because of the sparks of Coronavirus outbreak, even Ethereum, XRP, Bitcoin Cash and other popular altcoins in the market experience a crash.
I guess it is better to sell your crypto and survive the virus than holding your crypto and then die because of the virus. A lot of people are in panic so we can't really blame if sell panic sells their holdings.

[Jannyh]

Well I think even if there was supposed to be a natural dip,it wouldn't have fallen to this extent,the dip was sudden and huge,so like you said the virus acted like a catalyst,that does not erase the fact that it contributed to the massive dump of bitcoin,moreover the effect of the virus wasn't just on bitcoin alone but most financial institutions.

[Malam90]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

The world is now on panic and this panicked leads to huge damage in the last few days in the crypto market. I also don't fear on corona virus but i can't avoid people's sentiment. We need to wait and take precautionary measures and don't be panicked. Don't sell your coins now at cheaper rate rather it is good for purchase to reduce the average price.

[slashz9]

because people see this as a disaster of course having an impact on the economy or the market.
so they came to that conclusion, yes, even though I don't really believe it either, it can't be denied that this has caused the prices of other commodities to also fall, like stocks, gold, silver and others.
so the rumors that say that corona is the cause of all this chaos have a point too.

[South Park]

In reality, the coronavirus should be driving people towards assets that don't rely on centralized infrastructure to succeed, e.g. Bitcoin.

However, the recent downturn is likely related to a whale dumping swathes of BTC, or a lack of volume caused by a lack of interest in the market. I really don't think that Coronavirus scare has had any influence on the market whatsoever.

You need to realize that news outlets try to find whatever tenuous link to a crash they possibly can just so they can make the news.

That involves grasping at whichever straw is closest—which is the Coronavirus in this case.

At this juncture it is difficult to agree with that, the new virus had to do everything to do with this drop, it is obvious this is going to affect the economic growth of the world and the production coming from many countries and when you add the panic then it was clear the price had to go down, also during weeks the growth that we were seeing seemed to be manufactured to me and it is obvious now that it was, otherwise the price of bitcoin and the altcoin market would not have collapsed the way it did.

[ScamViruS]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Everyone around the world is now on panic. They want to know how to be safe now. Many countries have already been affected by the Corona virus. Everyone needs money now, the market sells huge dumps to the market. So we cannot ignore Corona as the cause of this market dump.  But I think the market will try to recover in the coming days when all panic go down.

[MOProgress]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

true talk mate. Every body want to crown it on corona virus, this is suppose not to have this high effect on cryptocurrency, because the crypto has little to do with one-to-one transaction.

[vvu351]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

true talk mate. Every body want to crown it on corona virus, this is suppose not to have this high effect on cryptocurrency, because the crypto has little to do with one-to-one transaction.

I think that very strong speculation will last at least another 1 month. And only then we have the hope that Bitcoin will restore the price level from 7000 dollars. Bitcoin mining is just at this price level.

[odukoyaewatomi27]

The terrible impact of Coronavirus on the market can't be totally precluded. I revealed to certain companions that individuals in certain countries have some degree of limitations compelling them to remain at home and this is restricting their capacity to bring in cash which is then obvious in the worldwide financial market, the Cryptocurrency market is a piece of the worldwide market. Individuals are seriously influenced by this epidemic

[firmino10]

Possibly you are correct. This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

[bgaf]

This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

You are right but this corona crisis affect indirectly on some of us. How do we know it, its bit obvious I think. Take note of the possibility that why so many funds havs been pulling out from the market? The reason is fear to be at losses. Yeah big investors way are much simple than traditional traders. If they found a leak on their funds they pull out and just prepare for the inevitable bounce back. Thats how whales work and they are keep doing this until now.

[t3m4nc0k]

Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

[Flickkk]

The only impact i notice from the pandemic are some of the coins stop moving.
People are focused on fiat money so they can easily use it to purchase basic necessity.
And in the middle of the battle vs the pandemic the status of crypto are still normal .

[bittick]

Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

The global economic crisis should not be the main reason to make the price of bitcoin crashes today. There was another reason too. It looks like we must check to the crypto news site to make sure if there was another news that brings a bad sentiment to the price of bitcoin. This is always happening.

[someone703]

Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

Without Virus Corona , I think we can face worse things. We don't know what will happen to this market and the whole world, but it happened anyway. We need to stop this pandemic before it causes a global economic crisis and more people will die if it is not controlled early

[24Kt]

This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

You are right but this corona crisis affect indirectly on some of us. How do we know it, its bit obvious I think. Take note of the possibility that why so many funds havs been pulling out from the market? The reason is fear to be at losses. Yeah big investors way are much simple than traditional traders. If they found a leak on their funds they pull out and just prepare for the inevitable bounce back. Thats how whales work and they are keep doing this until now.

Don't forget those small crypto users who are cashing out their crypto to their fiat currency. They are still significant in the price movement. A lot of crypto users are cashing out in order to use it in this crisis and also savings for what might come in the next few months. Global economy is affected by this pandemic and so is the crypto market.

[Adya]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

[Danslip]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

The world is now on panic and this panicked leads to huge damage in the last few days in the crypto market. I also don't fear on corona virus but i can't avoid people's sentiment. We need to wait and take precautionary measures and don't be panicked. Don't sell your coins now at cheaper rate rather it is good for purchase to reduce the average price.

The demand can be explained with the loss of the belief by the traditional investors but let's not forget about the sell pressure due to the global lockdown. Everyone wants to sell the risky crypto assets and wait for the dust settling. After the settled dust, they will reinvest in the crypto markets.

[BlackFor3st]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I oppose to your statement because the crash is very deep and it is almost the same to what happened last year 2019 and it happened in just a short period of time. This scenario must be related to the crisis that we are facing right now as many countries are imposing lock down to their area in order to lessen the infected persons and I also saw some post that they were forced to sell their assets in order to survive from the lock down to their area.

And we are talking about a pandemic in which it affected all the countries so the relation is there base on what I have notice as from the start I didn't think also that the pandemic will affect the crypto world this much but right now I can say that the big crash of the market is because of corona outbreak.

[shadowdio]

Why not blame corona virus? because of the virus a lot of people panic and the market is so much affected with this situation and also the economies of the countries. Without this virus, bitcoin price will continue to increase because of the halving.

[Krabby]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

Absolutely agree, weak projects and scams are using corona to justify their downfall. We should stay away from those projects because they are scams, although corona is affecting worldwide but this market is still growing. In recent years many newcomers have come to this market and invested in leading altcoins in this market

[HatakeKakashi]

We have different opiniond about that they have people who thinks why the market continue dumping is because of the outbreak and the otherd is not connected or any related. Until now maybe that is true or not no can prove who what is the true reason about this dumping price of the coins. What ever the reasons of dumping we need to pump crypto because we are the one who gets benefits

[jonatha28]

Why not blame corona virus? because of the virus a lot of people panic and the market is so much affected with this situation and also the economies of the countries. Without this virus, bitcoin price will continue to increase because of the halving.

moreover this virus and panic around it made stock market fall even further than the crypto one so why shouldn't we blame it on the virus really

[skeleto88]

Not only the cryptocurrency market got affected by the corona outbreak even other business market, such as forex, stocks and others. They have crashed down hard and have not been able to fully recover. But will see how it goes as we bitcoin is nearing its halving, we might see some significant surge and might end up in dip as we continue to dwell with corona pandemic.

[masterrex]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I don't get your point here" The virus just lit the match and acted as a catalyst" for me it's not! just look everywhere the world is experiencing a massive decline of economic activity and in terms of the price and value of stocks, including other commodities that we trade, most of the businesses are already suffering or even bankrupt globally? the world economy now was in the mode of recession and all of these were triggered by the COVID-19 pandemic and thats a fact.

[ampere]

From a broader look, the pandemic has acted as a catalyst to rekt the stock market, forex market, and the crypto currency market, even oil has plunged down. But Gold stood its feet. But everyone should not just blame it on the pandemic.

Some tokens ineptitude and bad product or little hype has led to such project decline in price and rekt. The summary is that even without the corona virus pandemic; some projects would still get declined and delisted as they have already done.

The pandemic only made it faster and quick.

[Finestream]

From a broader look, the pandemic has acted as a catalyst to rekt the stock market, forex market, and the crypto currency market, even oil has plunged down. But Gold stood its feet. But everyone should not just blame it on the pandemic.

All the market except for crypto market, we've seen it recover, right, from $4k to $7K right,.. so that's a big recovery already.

 

Some tokens ineptitude and bad product or little hype has led to such project decline in price and rekt. The summary is that even without the corona virus pandemic; some projects would still get declined and delisted as they have already done.

The pandemic only made it faster and quick.

Token or altcoins does not matter a lot as they just follow the movement of bitcoin, what we should be looking now is on bitcoin as it's the one dictating the future of the market and it has been showing good signs now, hopefully we this time crypto market will show it could be bullish so we can attract investors from the market that was affected now.

[ije07]

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

[rodskee]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

what about after couple of days posting this that the market fall down very High and amounting more than at least 40-50%.
And this starts bad right after countries most around the world make their way reacting in this Virus and year i believe it is.
Now Look at the market still not moving up so don't you think this is the reason?or you can at least tell us what is the way down of this market.

[cute nmp]

You got it all wrong mate Corona virus has adversely affect the crypto-market not just that the whole stock market currently all bussiness are suffering due to the outbreak of the virus if you look back just recently the market has start to improve but as soon as the outbreak all things went down hill again showing is it's effect on the market.

[Kong Hey Pakboy]

You got it all wrong mate Corona virus has adversely affect the crypto-market not just that the whole stock market currently all bussiness are suffering due to the outbreak of the virus if you look back just recently the market has start to improve but as soon as the outbreak all things went down hill again showing is it's effect on the market.

It definitely has an effect on the crypto market because every financial crisis can be affected by these kind of pandemic issue of corona virus that everyone will start panicking for them to survive and save their families just to provide all of their necessities, that is why i think a lot of crypto users had been selling their holdings just to store some goods while there is a lockdowns.

[FairUser]

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

[Bezobraznike]

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

   It's affected the whole world in unseen ways until now. We never had situation where entire economy just
stopped working. This is unique situation and crisis, and I don't think that we can compare this crisis with any
previous one. Consequences are yet to be seen, to be clear on that, now most of us is closed, sitting at home,
but soon we will get out and will need to face with serious problems.

[bearexin]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Lolz man did you even read what you have said here? That all these things are going to happen but the virus acted as a catalyst?
So, what’s the difference between what you have said and what other people are saying? It’s still the same thing, the pandemic is what led to all these.

Although we can as well add that the oil price war also was part of things that acted as catalysts for everything that has happened, and not just that, a lot have happened earlier this year and they are enough to pull down the price of bitcoin.

[jhonjhon]

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

Maybe it was but I don't think we have to wholely blame the outbreak as the reason for this but has something to find another cause of this.
We are just focusing on the pandemic (which truly affecting the entire market) and we forget how market manipulation may taking place and also the worries after hearing fake news which also a way to create panic selling more than a thing that coronavirus can do.

[DevilSlayer]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Lolz man did you even read what you have said here? That all these things are going to happen but the virus acted as a catalyst?
So, what’s the difference between what you have said and what other people are saying? It’s still the same thing, the pandemic is what led to all these.

Although we can as well add that the oil price war also was part of things that acted as catalysts for everything that has happened, and not just that, a lot have happened earlier this year and they are enough to pull down the price of bitcoin.

His statements are contradicting himself. He said that do not blame the virus because the price crashed but he said that the virus became a catalysts. It so confusing if you will try to understand his statements. Anyway, the pandemic causes global panic that affect all types of financial market including the cryptocurrency market. In the past days we saw the major dump that causes major panic in the market. But there are many buyers who willing to buy in that area and that is why the price pushed back at around $6000 and above.

[Question123]

More people blame the coronavirus because of the bitcoin  or the cryptocurrency experiencing dumping right now of the market. Due to the lockdown to different countries most of the people do not have work so instead of buying more coins they are selling now because they need money now and many people panic selling because they think outbreak have big effect.

[oscarftw]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

When our whole stock exchange face and economy toward down for coronavirus but you think coronavirus didn't do anything. Over 80-90 percent is down for coronavirus. Although now price is turning back for halving time. Bitcoin price should be 15k without this coronavirus.

[shaheer001]

I think there are two main factors first Coronavirus as the maximum investors are from USA, China, and European countries and due to lock down and worst condition in these countries due to corona the investors are not trading. the second one is the Bitcoin halving due to which Bitcoin price is low.

[Genemind]

It somehow affected the cryptomarket, even thoae who are investing in crypto and those who are rich and business owners had been kicked hard by the pandemic. Most people had cashed out their investment to be able to survive which contributed to the dip.

[rdewilde]

I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

[cahbagus555]

I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

The Coronavirus pandemic however has a negative effect on all financial sectors and includes the cryptocurrency market. The longer the coronavirus lasts, the economic activity will be disrupted and I think it will affect economic growth and trade

[umbara ardian]

I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

The Coronavirus pandemic however has a negative effect on all financial sectors and includes the cryptocurrency market. The longer the coronavirus lasts, the economic activity will be disrupted and I think it will affect economic growth and trade

It has caused many financial markets to collapse. This disease has not yet been prevented and controlled. So I believe the market will continue to worsen in the near future, in case the virus is controlled then I think we need to wait 2-3 years for the markets to recover and grow.

[peter0425]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

if thats your stand then maybe you can tell us what is the reason of this Dip?it is obvious that the world economy reacted in this pandemic thats why people are shaken and decide to withdraw their crypto asset to have assurance in  their financial situation because no one can tell us when this will be stopped ,the more you have Money in your pocket is the more you can survive.

[aioc]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Unfortunately, that is the reasons and the alibi being given by other projects being paused the pandemic has an impact on the market because some people are really selling their coins, and we have no control of this because there are investors whose location was directly impacted by the corona and because of their economic situation they have no choice but to trade their coins.

[Japinat]

It has caused many financial markets to collapse.

Even the biggest country and the most power were affected, in fact this is a global crises that makes the global market struggle, and worst is until now we are still experiencing it, the virus is here because the vaccine is still not out or not discovered yet.

This disease has not yet been prevented and controlled. So I believe the market will continue to worsen in the near future, in case the virus is controlled then I think we need to wait 2-3 years for the markets to recover and grow.

True, but I have a feeling that this year the market will be able to recover again as there's a chance the vaccine will be release this year.
I not sure with that but based on what I read with many articles, it convinces me that scientist will be able to discover it soon.

[Adya]

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

Absolutely agree, weak projects and scams are using corona to justify their downfall. We should stay away from those projects because they are scams, although corona is affecting worldwide but this market is still growing. In recent years many newcomers have come to this market and invested in leading altcoins in this market

yes most of projects who use pandemic for excuses are scams. should leave them. but some of them not scam but they scared. chickens. and i do not know what is worsew. probably should leave them to.