Reason behind recent drops in crypto haven

[akwfleaspirit]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

This is unimaginable... And yet many blame it on coronavirus... Coronavirus is just an epidermic.. has nothing to do with cryptocurrency..  if it dies, it won't be this huge to cause massive dump.. this is the kind of info people need to be aware of how the market works. That account should be traced and frozen and culprit locked up forever.. it's so annoying how people do things like this and still get conscience to work on the street. Not considering investors.

[kooboat]

For many holders, the recent drop in the price of major cryptocurrencies has really caused a lot of despair, we hope to recover soon and see a bull run. Interesting enough, credible information from coinbase and other similar platforms are still showing that many more people are buying cryptocurrencies and this is really impressive in these hard times.

[pikkie]

For many holders, the recent drop in the price of major cryptocurrencies has really caused a lot of despair, we hope to recover soon and see a bull run. Interesting enough, credible information from coinbase and other similar platforms are still showing that many more people are buying cryptocurrencies and this is really impressive in these hard times.

well indeed for traders who are experts they will use this moment to buy cryptocurrency in very large numbers because they will buy coins at cheap prices and this is a very rare moment so for anyone who bought coins at a cheap price then congratulations you get profit because today the price goes up.

[htsy585]

For many holders, the recent drop in the price of major cryptocurrencies has really caused a lot of despair, we hope to recover soon and see a bull run. Interesting enough, credible information from coinbase and other similar platforms are still showing that many more people are buying cryptocurrencies and this is really impressive in these hard times.

well indeed for traders who are experts they will use this moment to buy cryptocurrency in very large numbers because they will buy coins at cheap prices and this is a very rare moment so for anyone who bought coins at a cheap price then congratulations you get profit because today the price goes up.

I think anyone that buys any of the established coins/tokens will be in huge profit when ever the bull set in as every crypto assets out there will have their prices surge higher. It is safe to say this is the time to fill up the bag as these coins/tokens are at there lowest price. I'm very optimistic the market will kick back when the threat of coronavirus is over

[koang]

Many people are kinda blaming the virus for the current price that Bitcoin dipped.
Sometimes I kinda think that the virus should have the opposite effect to cryptos, like in the days where the news about USA and Iran took off, it increased the price for quite a while. Maybe we'll have that possibility during this outbreak.

Panic sell occurs because a group of people who need cash to shop and save their business because of the corona.
On the other hand new demands emerge because people need safer investment media and are not affected by the
effects of the global economy and crypto assets are one of their choices.

Bullrun is getting closer....

[mrdeposit]

Because people need cash to save their lives during the Coroncavirus and the situation gets worse day by day. I hope one day people will not rush to buy the toilet paper but they will rush to buy more altcoins for their future. The world is crazy and every day we watch this craziness on TV.

[TrevorS]

For some reason, I agree with you, because of the stolen bitcoins, the price of bitcoin and the cryptocurrency market itself is likely to fall, but you should not forget that the corona virus also affects the cryptocurrency market very strongly, because look at how completely all areas are now fall due to corona virus.

Now, many factors can play a role. But stolen bitcoins are perhaps the most dangerous and unpredictable that we can now expect from the market.
After all, we do not know when exactly and in what volume the scammers will decide to sell such a large amount.

[forexandcryptoauditor]

The selling of Bitcoin was started before the outbreak of coronavirus. It was a part of bearish trend or dumping. Now due to the coronavirus situation, people have got a reason and can do all things behind the pandemic situation. Hope halving reward even will ease the situation.
Hoping the lockdown in many countries will be over within a month or two and markets start riding on bull again.

[MUG1WARA]

it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price

[Vaculin]

it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price

I guess it's more on a panic cause by whales manipulation, if it did fall due to covid then the price should not recover now or be like the stocks that until now has not recovered yet. At the price of bitcoin now, I can say it has already recovered and it seems a little bullish trying to go more uptrend again.

[olabiyijummy02]

That is right, so how about we see the market will address soon in light of the fact that this large dump should just have an impermanent impact.
Nonetheless, we can't likewise disparage the conceivable impact of crown infection, it has influenced the economy internationally so by one way or another it would influence crypto too.

[Crypto5060]

The major economies of the world of which bitcoin is one of them took a hit as a result of the coronavirus pandemic. After some days back we've seen a lot of gain and it will get better as the pandemic come to an end.

[flagpara]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

If here Plustoken dumped BTC price than why our whole economy crashed. I will put two reasons after 13k pumped now this is the correction and another is Coronavirus effect. Now I believe that Coronavirus can't hold Bitcoin price until halving, in the mean time this virus will be gone. I never heard that for giant sell off Bitcoin price dumped 2 times.

[Kasabus]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

If here Plustoken dumped BTC price than why our whole economy crashed. I will put two reasons after 13k pumped now this is the correction and another is Coronavirus effect. Now I believe that Coronavirus can't hold Bitcoin price until halving, in the mean time this virus will be gone. I never heard that for giant sell off Bitcoin price dumped 2 times.

I believed this Plustoken and the current phenomenon caused by this corona virus have made great impacts on the market to crash. This scheme should be totally stopped now as we are heading into bitcoin halvening few months from now. Cryto market may recover slowly but the whole economy might suffer for even a year or two.

[bgaf]

it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price

Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.

[rodskee]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

You are successful in telling us that there is a Huge dump coming and just few days after you claim this Fall of market happens.
But i don't think that the Virus has nothing to do with this because as we can see and many People here accept
 the fact that they all contributed in the recent Dump because they sell off as panic covers them because of the effect
 of this Virus and together with the spread till becomes pandemic so yeah  maybe that Pyramid is correct or wrong
 the issue here is that Market really falls.

[ethereumhunter]

it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price

Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.

I guess Covid-19 is an unexpected reason for people who involved in crypto. They don't think that the Coronavirus can give another impact to the market, which make people selling their coins to have money. But we can hope that the Coronavirus is not the biggest reason why the crypto market is down, and maybe there was another reason behind that which we don't know. And this time, we see the down of the crypto market again but hopefully, it will only another correction for the price.

[carlisle1]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

Looks like legit huh?you have posted March 9 and the Huge dump in Bitcoin record happens 3 days after this.

It is sad that i have just read this now,if i did before that day?i have should sold all my currencies and Buy again after the Dump.

Though i doubt if i will listen that day because speculation and analyst come and go every day and we dont know which to trust.

[shoreno]

it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price

Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.

I guess Covid-19 is an unexpected reason for people who involved in crypto. They don't think that the Coronavirus can give another impact to the market, which make people selling their coins to have money. But we can hope that the Coronavirus is not the biggest reason why the crypto market is down, and maybe there was another reason behind that which we don't know. And this time, we see the down of the crypto market again but hopefully, it will only another correction for the price.

the down that we feel today is not bad as the down last time and yeah you could be right that this was only related to correction  .

 also there were always reasons for the fall of the price even before when covid havent occured yet so i could care less  . and the reasons are all been stated on this forum  ,  recent reason for the fall is the token scam as what op said  though i agree that covid still have some impact on the price of the cryptos  because covid affects the real world too  .  

[litepool.ru]

A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp

Looks like legit huh?you have posted March 9 and the Huge dump in Bitcoin record happens 3 days after this.

It is sad that i have just read this now,if i did before that day?i have should sold all my currencies and Buy again after the Dump.

Though i doubt if i will listen that day because speculation and analyst come and go every day and we dont know which to trust.

To be honest, if you read this article from March 9, I believe you will not sell them because you believe in this market. You only regret when you have come across it, no one knows in advance the future of this market. So you don't need to be sad and regret your decision, just keep going and looking for profits in the future.