What is happening ?

[Natalim]

There is no other reason but the panic due to the NCOV-19, are you worried? please don't because this will stop and everything will be back to normal.
It seems like the price now is quite stable at $5000 already, bitcoin bounces back and this is already a good sign.

Lucky are those who accumulated bitcoin when it dump below $5000.

[Farma]

There is no other reason but the panic due to the NCOV-19, are you worried? please don't because this will stop and everything will be back to normal.
It seems like the price now is quite stable at $5000 already, bitcoin bounces back and this is already a good sign.

Lucky are those who accumulated bitcoin when it dump below $5000.

so far I also still hold the assets that I have. however, this decline is sudden and there is no time to sell our assets, even more so in a panic. however, staying calm is something that needs to be done. I might want to see price developments 2 to 3 days after this, whether prices will recover or not.
I started to think that we started a pretty low price after halving.

[michellee]

Right now, bitcoin price slowly trying to increase back after a few hours ago, the price is at a lower price. We hope that soon bitcoin price will break every higher price and back to the current price. Although it is difficult, if many people can manage their emotions and not panic to see the price, the price will be back soon.

[ballerin and giroud]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ? 

I will say also it is just covid-19, this virus has given a lot of fear for human being. And finally it was affected slowing down the economic activition, you can see the chinese's country where the virus come from. Most human activity was very limited specially in the wuhan, maybe you will not see the human life there. Automatically this situation will bring to the economic recession, as we know when the recession comes the people will choose the right place to store their money to avoid they lose their asset. We can see now, bitcoin price has decreased, oil price and many more.

[boltz]

Who knows ? I mean I never saw this swings on Bitcoin price ever...last night was crazy , I mean Bitcoin went down 2k and recover 1.5 in a matter of hours which is not good at all to have this swings in prices as people gets panic and start to buy and sell whenever they have the feeling that this is going down even more or its going up again to 10k$.

For now, I stay away from cryptocurrencies and we have like 12-18 months to make a new wave of investments so I'm not in a hurry.

[mahilchii]

The market has collapsed very badly and the entire crypto forum has really worried after this dump, However it's time for the whales who would have already started to fill the bags

Worry isn't a solution for this so let's wait patiently and hold our assets until the market recovers.

[hirngespenst]

This is the historic dumping! After so many days, the Bitcoin price is showing this highly volatile nature. I am afraid that this will impact negatively on Bitcoin's reputation. Though every stock markets are facing a huge decline, but Bitcoin seems too volatile among all of them. Therefore it can be a manipulation by the whales as the halving date is knocking the door. So, Don't lose hope or don't get panic in this rough time, just stick with your Bitcoin, everything will be fine after 10-12 weeks!

[STT]

So far the reaction is bullish with recovery above the 200 week average like this, its quite a good signature for the week so long as we end up above 5600.   Really I want to see how it challenges the 2 day average which is 6000 or so.




Heres the weekly bars I'm referring to with blue the roughly year average and obviously we have the 50 and 200 way above roughly in the same place.  For now all that especially matters is that buying under the 200 week average though it went so far below and got a few people scared it also rose alot.
  Negatives to the action would be volume I've observed in the recovery was so far less then the initial selling which means I think we revist this test of support and must repeat at least something of the negatives.  However its a developing story with alot of positives to look for still, dark as it might appear.  Consider the context as well with never before seen shutdowns.

[KrisAlex18]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ? 

I really though that bitcoin will only reach for about 6200 USD but I was shocked when it reaches 3900 Dollars that is the lowest price of the bitcoin so far as of this year. I don't know why this thing happens, but I conclude that COVID-19 is one of the factor that makes the bitcoin reaches the 3900 USD. There are so many people who get infected by the virus and it is really possible that some of the investors and traders may be infected by the virus so by that thing it affects the price of the bitcoin.

2 weeks ago:
- man, i wish bitcoin price was lower so i could buy more

today, same person:
- everything is crashing, sell sell sell, save what you can, f**k bitcoin, fiat <3

But actually, we can use the things that is happening with the bitcoin right now, we can buy bitcoins in a lower price and we can invest our money now because for sure you will earn so much money if the bitcoin turns back into 10,000 USD.

[YOSHIE]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ?  

Actually, you are happy with the current price of Bitcoin, you can buy it and invest at a cheap price like this, the phenomenon of crypto going up and down is one thing that is commonplace and there is no need to panic.

Yes, corona if it is linked to the main factor but it is not one hundred percent true there are other factors that we don't know affect crypto prices on the market today, you need to think about buying and storing crypto assets 1 and 2 years will come and see the results, you will be surprised when you see it.

[Bezobraznike]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ?  

Actually, you are happy with the current price of Bitcoin, you can buy it and invest at a cheap price like this, the phenomenon of crypto going up and down is one thing that is commonplace and there is no need to panic.

Yes, corona if it is linked to the main factor but it is not one hundred percent true there are other factors that we don't know affect crypto prices on the market today, you need to think about buying and storing crypto assets 1 and 2 years will come and see the results, you will be surprised when you see it.

   Yoshie buying now at this low prices is one positive thing we can do in this stressful times. Corona is everywhere, on TV, internet,
and looks like Corona is to blame for everything bad that is happening. Personally I think something deeper is going on here, but time
will tell what really happened.
   I agree with you that people who invest now should think about holding assets for years before they sell for profit. We can't predict
when we will see the end of this, but it can last for months, and recovery from this can last for years.

[imstillthebest]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ?  

Actually, you are happy with the current price of Bitcoin, you can buy it and invest at a cheap price like this, the phenomenon of crypto going up and down is one thing that is commonplace and there is no need to panic.

Yes, corona if it is linked to the main factor but it is not one hundred percent true there are other factors that we don't know affect crypto prices on the market today, you need to think about buying and storing crypto assets 1 and 2 years will come and see the results, you will be surprised when you see it.

   Yoshie buying now at this low prices is one positive thing we can do in this stressful times. Corona is everywhere, on TV, internet,
and looks like Corona is to blame for everything bad that is happening. Personally I think something deeper is going on here, but time
will tell what really happened.
   I agree with you that people who invest now should think about holding assets for years before they sell for profit. We can't predict
when we will see the end of this, but it can last for months, and recovery from this can last for years.

agreed on what the user you quoted said . this isn't totally corona that cause the value to plunge but corona is everywhere as you said so people only use that reason or blame it  . what is happening now  ? the price just crash , that's it  . crashing is not new on this space so we guys shouldn't act like we are shocked   . this isn't the end of the crypto phenomenon but this is another new beginning for us to accumulate  . I remember on the past many wishes that if they can only turn back the time where cryptos were cheap so now here it is   . I wonder where are those people now   ?

[Twinkledoe]

So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ? 

Actually, you are happy with the current price of Bitcoin, you can buy it and invest at a cheap price like this, the phenomenon of crypto going up and down is one thing that is commonplace and there is no need to panic.

Yes, corona if it is linked to the main factor but it is not one hundred percent true there are other factors that we don't know affect crypto prices on the market today, you need to think about buying and storing crypto assets 1 and 2 years will come and see the results, you will be surprised when you see it.

   Yoshie buying now at this low prices is one positive thing we can do in this stressful times. Corona is everywhere, on TV, internet,
and looks like Corona is to blame for everything bad that is happening. Personally I think something deeper is going on here, but time
will tell what really happened.
   I agree with you that people who invest now should think about holding assets for years before they sell for profit. We can't predict
when we will see the end of this, but it can last for months, and recovery from this can last for years.

agreed on what the user you quoted said . this isn't totally corona that cause the value to plunge but corona is everywhere as you said so people only use that reason or blame it  . what is happening now  ? the price just crash , that's it  . crashing is not new on this space so we guys shouldn't act like we are shocked   . this isn't the end of the crypto phenomenon but this is another new beginning for us to accumulate  . I remember on the past many wishes that if they can only turn back the time where cryptos were cheap so now here it is   . I wonder where are those people now   ?

That's right. There are crypto users that were wishing that they should have bought bitcoin when the price was low, and here we are, I consider this price low. Because I am positive in the next coming months or years, bitcoin will increase its value again. Bitcoin has been tested so many times, and yet, it rises up before you know it. The current virus crisis may be a big factor on this, but I don't think it is the sole reason for this market performance. Who knows, the whales are capitalizing this situation for their own profit? So be smart with your portfolio.

[kripto_corumlu]

I think big players who need will need cash asap they are cashing out. it is usual in economic crisis, it was same at 2008 crisis, silver and gold lost huge value first but after silver nade 5x and gold 3x

[Arcas]

We don't know what happening with bitcoin suddenly dump, will be Corona virus become the way why bitcoin have down and many country lock down for Corona virus situation, maybe make economic world crash and bitcoin or altcoin have allow to going down.

[adaseb]

When BTC crashed to $5600 on Thursday that can be attributed to the Coronavirus and how its correlated with the stocks. However when it broke $5600 and crashed to like $3500, that is contributed to long liquidations and lack of liquidity and basically Bitmex going offline and pretty much saving Bitcoin from crashing to $0.

There was over a billion in long liquidations and no bids. The only people buying were shorts closing and not enough positions where longs were opening. Most trades were high leverage. When they went down it was like a circuit breaker... and the market recovered.

[criza]

Currently, the price of Bitcoin is taking a hard dump this month of March reaching the range below $5,000 value. Not only Bitcoin but, also other stock markers are down, we could relate the cause of massive dump to the pandemic that is threatening the global confidence of crypto currency and other stock market. Although, there is no really direct connection between the virus and crypto currency, this could be because of the other factors that are affected by the events happening worldwide such as people selling Bitcoin stock to have enough supplies for their needs because of the pandemic.

[rodskee]

The market has collapsed very badly and the entire crypto forum has really worried after this dump, However it's time for the whales who would have already started to fill the bags

Worry isn't a solution for this so let's wait patiently and hold our assets until the market recovers.

That is what our only option now mate,to just HODL and keep our asset inside our pocket and just leave it like that.we dont know how long will this crisis last but what i am sure is Bitcoin will climb up high again this year right after halving.
Not unless this Corona Virus make another widespread and infected the whole world worst than what we are having now.
In this point only those who can wait longer will manage to profit and all the panicked people will cry when the bull comes after the event.

[Reid]

It hurts my eyes to see it but if you look at other coins you would see that they all have the same thing that is happening.

I bought Ethereum at $130 like months ago and look at it now. I am now behind because I didn't sell at $270.
Well, that is all my fault for looking for something more.
I really thought it was the start of the increase of its price due to ETH 2.0 but I guess I am wrong.
Too much trust happened.
All I can do now is wait again and maybe it could go way far than just $270.

[Ridwan Fauzi]

Currently, the price of Bitcoin is taking a hard dump this month of March reaching the range below $5,000 value. Not only Bitcoin but, also other stock markers are down, we could relate the cause of massive dump to the pandemic that is threatening the global confidence of crypto currency and other stock market. Although, there is no really direct connection between the virus and crypto currency, this could be because of the other factors that are affected by the events happening worldwide such as people selling Bitcoin stock to have enough supplies for their needs because of the pandemic.

Investment will be related to economic situation, other investment place such as stock and etc will be up and down depend on the economic situation. And now when the pandemic coronavirus came and spread to some country then the impact will be bad for the economic activition then this is why the stock has fallen. But regarding bitcoin, I think many people there have considered that bitcoin is like another investment place. So when the stock came to crash then bitcoin will follow these act and we can see it now. Be greatful for those who invest their money into gold, because right the gold price is increasing.