btc dropping more then 39% in 24/h -

[Twentyonepaylots]

It was a bit alarming since it just all happened in 24hours comparing it to the previous dump in the market their was a big difference in this dump and probably a big loss for a lot of the bitcoin investors especially from exchanges this market price dump could really have a big effects since their profit came from bitcoin they could easily loss a bit amount of money if the dump continue, for sure it would take a long time to recover, i also heard some exchanges stop their trade because of this dump.

Quite alarming yet exciting, if we see the price moves within 24 hours then we might see another positive price movement within 24 hours as well but let us not be this over react. It is surprising at all, especially for almost everyone that thinks that the crisis around the globe could help the price of cryptocurrencies soar to the moon. The lowest price I've seen is at $4200, would it be another great time to buy? like there is no reason to sell of the bitcoin with so much lost you've got.

I think one of the main reason could be the Covid 19 cirus since it already affect a lot of countries and continue to spread until now surely it affects a lot of companies and business, also the community where people get quarantine because of the virus.

We cannot totally say tho, but the panic I see from people is a reflection of how people behave during the crisis so it might be the very reason of plummeted price.

[hulla]

-snip-
One thing I don't understand is, if people know that the market will soon recover after the outbreak of Covid-19 then why aren't people buying these dips.
May be the market is shaking of the weaker hands or something. I am surely putting in all of my "side savings" into buying valuable stocks and bitcoin.

A lot of panic occurs when the price of BTC goes down through the price of $ 5k.
The market may recover after the covid-19 outbreak disappeared, but reserve funds are one of the reasons why people don't buy deep prices.
People still choose to save their money on FIAT and wait for the market to show bullish signs.

In this current market and situations happening around the world panic sells is expected but what important is making the right decision after selling ones holding because fiat currency are not also saved in this kind season and i see stablecoin backed with secure previous metal (Gold) as the right solution.

[taufik123]

-snip- stablecoin backed with secure previous metal (Gold) as the right solution.

yes of course, the right choice to start storing backups on Stablecoin supported by GOLD.
The price of GOLD in the last few weeks has increased.
The right stable and can be a safe choice is Digital GOLD which is fully supported by physical gold tokens based on Ethereum ERC-20 platform.

DIGITAL GOLD
https://gold.storage

[gundala]

This is one of the biggest single-day falls Bitcoins even though this is not the biggest decline this is the worst in the last 5 years. Quite alarming, but this is not only happening in the crypto market. but almost all the stock markets in the world experience the same thing, including gold, with different percentages. Here is the information
_{source: https://t.me/ico_analytic/1688}
This proves that BTC is the most volatile, so we must always be ready to face extreme changes if involved in it. The anticipation is to not easily panic, use the right strategy and train our mind to deal with the risks of each decision taken. This is indeed a good opportunity to get some potential BTC and altcoin with a big "discount" but don't be careless because the changes due to this virus outbreak are quite extreme.

[XCANA]

We shouldn't forget so quick that, the current price of Bitcoin could be deepen than this because of the status of coronavirus which has made many individuals and institutions sell off their portfolios for the fear of global recession. Many of these institutions are forced to stop in the name of stopping the spread of the flue to others. This will be the best gift to mankind from the cryptocurrency, those who  will be ignorant of this happening might live to regret their actions in the future. When the market recover, the holder's will have their smile at last. Long-term holding will be the best option at a point like this.

[Alanin]

This is one of the biggest single-day falls Bitcoins even though this is not the biggest decline this is the worst in the last 5 years. Quite alarming, but this is not only happening in the crypto market. but almost all the stock markets in the world experience the same thing, including gold, with different percentages. Here is the information
_{source: https://t.me/ico_analytic/1688}
This proves that BTC is the most volatile, so we must always be ready to face extreme changes if involved in it. The anticipation is to not easily panic, use the right strategy and train our mind to deal with the risks of each decision taken. This is indeed a good opportunity to get some potential BTC and altcoin with a big "discount" but don't be careless because the changes due to this virus outbreak are quite extreme.

dont forget that all those other markets have higher value than the crypto market.

[Kelvinid]

It shocked everyone and people are started to be in a panic.
Though we experience a lot of dumps, it somehow it was straight down that cause panic and it is really bothering especially when you bought Bitcoin at a high price and might think of selling also. This coming halving isn't making a reason to see and think that it helps to change the direction if most of the crypto holders are still selling their coins and bullish that we are waiting for is might to failed again.

[Shasha80]

It is very true that the decline in the price of bitcoin is quite deep and rarely happens, we must make the best use of it. By buying as much bitcoin
that we can afford, because as we know the price of bitcoin is very volatile. So the deeper the price of bitcoin goes down, the higher the price rises.
And if we buy bitcoin at current prices, it will certainly provide a very large profit. So don't miss an opportunity like this. Or later will regret.

[FaithInCrypto]

Definitely a good time for those who have funds for situations like this. I really envy you people! I bought BTC at a $9k rate never knowing that this economic situation will get worse in a blink of an eye. I am holding to my coin so let's see what will happen in the next weeks of dealing after this coronavirus.

For those first-timers who want to invest in Bitcoin, this time is definitely a good time.

[Reatim]

Today is truly a unlucky day, not only for crypto exchanges but also entire the economic over the world. Bitcoin loss their 40% value, Corona become pandemic a few days a go, and I just lost my f*cking key of motorbike.

But at least we are lucky to buy deep?this is a once in a lifetime experience because the Halving is near coming and this bear market give us a chance.

I have been waiting since last year when i have a certain amount of money but the price is too high and now?actually yesterday?i made a decision to buy at $4k level and now i am happy with the result seeing 15% increase in Bitcoin value.

[Jating]

Panic selling and converting their bitcoin together with this global pandemic issue we are currently having is expected and most are not surprised by the market's sudden dump. Now all coins have all green percentage now and currently recovering from the dump, that dump was a really really good chance to cop more coins congrats to people who bought that time.

It looks like everything has settled down in the last 24 hours, market seems to recover and almost every coin are green. But the price is still cheap at and a discount and could still be considered as a good time to buy to give ourselves a chance to get a good ROI in the future.

And for those who have bought around $4k, obviously, its profit already. But if I'm in your shoes, better just hold and wait for a good price to cash it out.

[Vishnu.Reang]

We are less than two months away from the next block reward halving and this sort of drop was just unimaginable. At the most, I was expecting a drop after the halving event (similar to what happened with Litecoin in 2019). But not in my wildest of the dreams I expected that BTC would lose 40% of its value just before the halving. And lets not forget the fact that there was a lot of accumulation by the whales during 2019, expecting a major bump due to the halving. All of them are stuck with their holdings now.

[michellee]

Definitely a good time for those who have funds for situations like this. I really envy you people! I bought BTC at a $9k rate never knowing that this economic situation will get worse in a blink of an eye. I am holding to my coin so let's see what will happen in the next weeks of dealing after this coronavirus.

For those first-timers who want to invest in Bitcoin, this time is definitely a good time.

Imagine those that bought at 15K. They must be crying right now

Maybe but I think they still hold some bitcoin until now. Maybe they are still trying to recover, but unfortunately, right now, it is not easy, and they need time to recover that. We can hope that they can survive in this bloody market so they can recover the loss in the crypto trading, and even they will make a profit. Bitcoin price still down again this time, and we don't know what will happen later, but we hope that the down of the price will not be too deep.

[Sanugarid]

We are less than two months away from the next block reward halving and this sort of drop was just unimaginable. At the most, I was expecting a drop after the halving event (similar to what happened with Litecoin in 2019). But not in my wildest of the dreams I expected that BTC would lose 40% of its value just before the halving. And lets not forget the fact that there was a lot of accumulation by the whales during 2019, expecting a major bump due to the halving. All of them are stuck with their holdings now.

Amidst the current crisis we are all experiencing due to the corona virus outbreak, it would still be best if we look at the bright side as soon as this global phenomena ends. We can say that the current situation may affect the halving that is soon to come but on the other hand, through patronizing and investing on bitcoin still, we can reverse the effect from being negative to positive. It would be best if we would just keep on holding our investments so that we can benefit a lot if ever the halving makes bitcoin way better than it was before.

[Japinat]

This dropped cause a lots of panicked

Indeed, there is a big panic all over the world, economy is down, bitcoin is down.

and for sure only those who understands what they're doing will keep their fate to this industry.

When the economy is down, it does not mean forever or it will not recover, we will see it recover as vaccine for corona virus will be release soon.
That's how we should think, we are optimistic so we can also trust that the crypto market will once again recover.

I've been here for many years, this is not new to me, every time there is a panic, this opens an opportunity for the smart ones.

[kaneki007]

nice to see you guys being positive in terms of such critical situation like this .

 this also helps people to have a confidence to invest instead of being afraid and completely staying away after seeing some massive drops at a short period of time . 

if i have the money i wont hesitate to buy more even at a smaller chunks but sadly im also on a tight budget lately and im thinking that im selling some of my btc for a while in order for the preparation too on the said lockdown/quarantine on our place .

Keep your spirits up, I'm sure everything is fine. I also often sell some Satoshi because of my needs. I think the market situation will still be in this state if the conditions are still not stable, we can only hope that all this will quickly end and the market will recover.

[lepbagong]

nice to see you guys being positive in terms of such critical situation like this .

 this also helps people to have a confidence to invest instead of being afraid and completely staying away after seeing some massive drops at a short period of time . 

if i have the money i wont hesitate to buy more even at a smaller chunks but sadly im also on a tight budget lately and im thinking that im selling some of my btc for a while in order for the preparation too on the said lockdown/quarantine on our place .

Keep your spirits up, I'm sure everything is fine. I also often sell some Satoshi because of my needs. I think the market situation will still be in this state if the conditions are still not stable, we can only hope that all this will quickly end and the market will recover.

agreed, hoping the situation would pass quickly because the impact was definitely there even though it could be small or also large, just how to disclose. is a good thing if you still believe that investment is still fairly good and the market will gradually improve.
even if there is capital there is no need to hesitate to keep moving to invest in it because the best time will surely pass if we are late to uncover.

[Quidat]

nice to see you guys being positive in terms of such critical situation like this .

 this also helps people to have a confidence to invest instead of being afraid and completely staying away after seeing some massive drops at a short period of time . 

if i have the money i wont hesitate to buy more even at a smaller chunks but sadly im also on a tight budget lately and im thinking that im selling some of my btc for a while in order for the preparation too on the said lockdown/quarantine on our place .

Keep your spirits up, I'm sure everything is fine. I also often sell some Satoshi because of my needs. I think the market situation will still be in this state if the conditions are still not stable, we can only hope that all this will quickly end and the market will recover.

agreed, hoping the situation would pass quickly because the impact was definitely there even though it could be small or also large, just how to disclose. is a good thing if you still believe that investment is still fairly good and the market will gradually improve.
even if there is capital there is no need to hesitate to keep moving to invest in it because the best time will surely pass if we are late to uncover.

We do like to invest but there are instances that we dont have any choice but to just look up into those passing opportunities because we do have
much more imporant priorities in life in means of survival specially now that lots of places or countries had been lock down due to pandemic issue.
we do like to invest but it is much more important that we should survive.As usual, investment things will always been an advantage to those people
who are capable in terms of financial.

We are less than two months away from the next block reward halving and this sort of drop was just unimaginable. At the most, I was expecting a drop after the halving event (similar to what happened with Litecoin in 2019). But not in my wildest of the dreams I expected that BTC would lose 40% of its value just before the halving. And lets not forget the fact that there was a lot of accumulation by the whales during 2019, expecting a major bump due to the halving. All of them are stuck with their holdings now.

It's giving those whales to buy more and play much longer, the coming halving is a good chance for those big bag holders to store more assets. This dropped cause a lots of panicked and for sure only those who understands what they're doing will keep their fate to this industry.

No one do really expect for this dip and yes this is way too much horrible after all the years we've been waiting for the market to recover wayback on 3k price and now
we are almost hitting that lowest low once again.This might hold up for those accumulators into those levels but they are still on profit and its true that this time is the
right time to accumulate even more but the question is, do you really still have the courage to risk on ?

[fabiorem]

The real dip will be in the three-digits area, with two-digits area for those who get lucky.
Most possible scenario is between $250 and $750.
Price is being driven down by Bitmex. Bitmex leads, the market follow. As simple as that.
After buying, prepare to hold for a very long time, possibly 4-6 years until the price go back to $10k.
The halving will also break 2/3 of miners, due to the low price. So we will have a slow network as well.

[Botnake]

The real dip will be in the three-digits area, with two-digits area for those who get lucky.
Most possible scenario is between $250 and $750.

I don't think bitcoin will ever go down to that low, I am not discounting the possibility but that's just too low.
Market seems to be stable now at $5,000 and we hit $10,000 this year, imagine that fall, it's 50% fall in just a month, more or less.