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Author Topic: Bitcoin is below $6000 due to corona virus panic, what's next?  (Read 230 times)
Juggy777
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March 12, 2020, 04:54:14 PM
 #21

According to this news : https://cointelegraph.com/news/breaking-bitcoin-crashes-17-in-1-hour-below-6k-in-coronavirus-panic

Quote
BREAKING: Bitcoin Crashes 17% in 1 Hour Below $6K in Coronavirus Panic

What do you think would happen next, will bitcoin continue to crash and we might be back to $3000 again?
And what could be the reason to stop this bleeding?

@Kasabus at this moment everything is crashing be it the stock market or the crypto market, so there’s not much we can do except hodl our stocks and crypto’s and wait for better days. Also there’s no specific answer to this question as people would be divided on answering it, and I’ll be really surprised if we can find a universally accepted answer to this question. Furthermore in my personal opinion if more countries lock themselves out then yes I do see bitcoin prices falling down, and again we can’t do anything about it except hodl and wait.

Sources:

https://www.ccn.com/this-is-why-the-dow-jones-just-suffered-one-of-its-ugliest-crashes-yet/

https://www.nbcnews.com/news/world/coronavirus-has-italy-lockdown-what-rest-us-have-look-forward-n1155396

https://www.wsj.com/articles/european-airline-stocks-plummet-as-u-s-plans-travel-ban-11584010224
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