Do not blame it on Corona outbreak

[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.