If bitcoin is made for times like these why is everyone selling at a time like..

[wozzek23]

Bitcoin didn’t stand as much as I expected, instead it kept falling and even to the level I least expected. I was thinking that $7000 was going to be the lowest rate it was heading to, but I’m surprised when I woke up to see that the price has dropped to below $4k levels, that is way more less than I expected.

I can’t even say that bitcoin is a safe haven any longer, though I never believed much on that because I know that bitcoin is a volatile asset. Gold was able to stand through the test, except as of recent when it decreased from $54000 and down to $49000. The reason I’m not much worried is because bitcoin is not the only cryptocurrency that decreased, almost every market was affected.

[bhabygrim]

It is made for times like this but it is still early and Bitcoin or crypto isn't accepted by everyone yet.
We still couldn't use it to pay for everything we would need that is why they are selling it,
But if they could use it to pay for their food,medicine and bills then I don't see the point in selling it.
If we could only use it that way then for sure it would be the other way around it would drive the price up.

[verita1]

We are in an emergency I do not think that the price of BTCitcoin will shoot to the contrary I do not want it to be lower only that it is available to everyone.
Because it can help raise funds to address the health emergency that we are seeing as a consequence of the Coronavirus.

[carlisle1]

If bitcoin is made for times like these why is everyone selling at a time like this?

because mostly people invested in bitcoin are here to make financial gain and not the virtual,i mean technology that is why each time there is a market crisis expect them to sell out faster,and this is what whales wanted to happen so they can bag our money without noticing this happening.

China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Don't worry in the end of the day?we will win this battle because we are the Holders will benefits when the market starts to Pump again.

[Sadlife]

It's because they need to sell to payback the loss in their businesses or stock. But these massive crash are all in the initial stages, if the stocks continues to dump and the fed keeps printing Billions then we might see the money coming back to Cryptocurrency market especially with corona virus terrorizing, and cash is useless. Some countries had switched to Bitcoin and used it for purchase and payment.

[Kasabus]

It is made for times like this but it is still early and Bitcoin or crypto isn't accepted by everyone yet.
We still couldn't use it to pay for everything we would need that is why they are selling it,
But if they could use it to pay for their food,medicine and bills then I don't see the point in selling it.
If we could only use it that way then for sure it would be the other way around it would drive the price up.

Bitcoin will only become useful in times like these if its already accepted as a global currency. People are not yet ready even bitcoin itself to use it as a payment system. People are selling this time because it's their own way of accumulating more bitcoins while they are still in dips and hold them until the price starts to pump.

[Japinat]

Not everyone are selling for sure, what you see might not cause by a big number of people panic selling.
You have to consider that the market is still young, if you know that whales do exist, you also know that they are good at, and that is market manipulation.

Look what happened days after you created the thread, did you see bitcoin pump? if yes then you are wrong that people are panic selling, and I am right that whales are just manipulating it.

[Jeremy Franklin]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

There is no need to cry. People will realize sooner or later how good BTC really is. Until then we get super cheap entry prices. I am buying as much as I can, and you guys should do the same if you believe in BTC.

[btc78]

we have different traits here in Crypto and we cannot blame others from selling whenever the price of their currencies are falling ,including Bitcoin because investors need to Profit and they are panicking afraid of the longer effect of this Virus.

for those who can manage to HOLD then that is more that better to do but we have our own decision in investing so Respect others and do our own.

[bitgolden]

Bitcoin wasn't created for times like this mate, who told you that? Bitcoin was created so you could be free to do whatever you want with your money while all other people are equal to you and nobody is playing a better hand than you just because they are rich.

The main blockchain part of bitcoin can't be changed at all, sure rich could still manipulate the price of bitcoin but they can't manipulate the blockchain part of it, it will always stay decentralized and will never be forced to do anything people do not want to do. If you are patient about the bitcoin price as well, there is nothing making rich people more powerful in the bitcoin world. It wasn't created against pandemics or crisis or anything, it was created against the governments and bankers who work together to keep the rich richer.

[Elpeor00]

As several users have pointed, bitcoin hasn't been made for times like these
Bitcoin has been made for very hard -or terminal- fiat crisis, the times when nobody, even the governments, want to have nothing to do with fiat, be it because inflationary runs or distrust in the issuers
We now have a economic depression, we can have -most likely, we will- a inflationary run as covid's aftermath, but is not the case, yet

[FlightyPouch]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

There is no need to cry. People will realize sooner or later how good BTC really is. Until then we get super cheap entry prices. I am buying as much as I can, and you guys should do the same if you believe in BTC.

Good or profitable? I think that would be profitable. We all know how volatile bitcoin is; with its decentralization, a lot of people do not want to use it and accept it since there are a lot of quick changes that are happening. We can't remove the volatility of it and at times like this, people would be doing more online payment rather than offline payment though they will obviously not use bitcoin since with the dump that happened, they would rather hold it or they have no other choice but to use fiat since no one accepts it.

[awik p]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

There is no need to cry. People will realize sooner or later how good BTC really is. Until then we get super cheap entry prices. I am buying as much as I can, and you guys should do the same if you believe in BTC.

Good or profitable? I think that would be profitable. We all know how volatile bitcoin is; with its decentralization, a lot of people do not want to use it and accept it since there are a lot of quick changes that are happening. We can't remove the volatility of it and at times like this, people would be doing more online payment rather than offline payment though they will obviously not use bitcoin since with the dump that happened, they would rather hold it or they have no other choice but to use fiat since no one accepts it.

logical. at a time like this many people prioritize payment by transfer rather than cash. of course it is good for their health. different from bitcoin despite having a function as a digital payment instrument at first, but with high volatile, more people use it as an investment

[FlightyPouch]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

There is no need to cry. People will realize sooner or later how good BTC really is. Until then we get super cheap entry prices. I am buying as much as I can, and you guys should do the same if you believe in BTC.

Good or profitable? I think that would be profitable. We all know how volatile bitcoin is; with its decentralization, a lot of people do not want to use it and accept it since there are a lot of quick changes that are happening. We can't remove the volatility of it and at times like this, people would be doing more online payment rather than offline payment though they will obviously not use bitcoin since with the dump that happened, they would rather hold it or they have no other choice but to use fiat since no one accepts it.

logical. at a time like this many people prioritize payment by transfer rather than cash. of course it is good for their health. different from bitcoin despite having a function as a digital payment instrument at first, but with high volatile, more people use it as an investment

How can you say so? People are panicking because of the pandemic, lockdowns are happening , people are in quarantine and online shops are mostly closed since delivering it is almost impossible now with the strict rules of community quarantine and lockdowns. The government are allowed to markets in numbers, they need to provide for their family and they don't care whether they are using cash or online payments. Our place here is so close from lockdown, transfer? We don't even think about online payment since there are no online shops here, another thing is that only 2 shops here accepts mobile payment, some have debit but still we are going there personally so it doesn't matter.

[Magkirap]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

There is no need to cry. People will realize sooner or later how good BTC really is. Until then we get super cheap entry prices. I am buying as much as I can, and you guys should do the same if you believe in BTC.

Good or profitable? I think that would be profitable. We all know how volatile bitcoin is; with its decentralization, a lot of people do not want to use it and accept it since there are a lot of quick changes that are happening. We can't remove the volatility of it and at times like this, people would be doing more online payment rather than offline payment though they will obviously not use bitcoin since with the dump that happened, they would rather hold it or they have no other choice but to use fiat since no one accepts it.

logical. at a time like this many people prioritize payment by transfer rather than cash. of course it is good for their health. different from bitcoin despite having a function as a digital payment instrument at first, but with high volatile, more people use it as an investment

How can you say so? People are panicking because of the pandemic, lockdowns are happening , people are in quarantine and online shops are mostly closed since delivering it is almost impossible now with the strict rules of community quarantine and lockdowns. The government are allowed to markets in numbers, they need to provide for their family and they don't care whether they are using cash or online payments. Our place here is so close from lockdown, transfer? We don't even think about online payment since there are no online shops here, another thing is that only 2 shops here accepts mobile payment, some have debit but still we are going there personally so it doesn't matter.

Indeed, people are panicking now so selling their bitcoins will really be a good idea despite the consequence it may bring to your portfolio or crypto path later on. Online shops will be impossible for most countries because of the full lockdown but for those countries who are not in "Full Lockdown" the govn't surely allowed those deliveries so online payment is possible but for the rest no so selling their btc and getting fiat is a good move rather then holding yoir btc and struggle where to find money for food supplies and medicine.

[Saisher]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Cryptocurrency is still very young we are progressing there will come a time that it will be uses on this kind of situation, but this is the first time it happens to us, after this pandemic and the adoption continues and  if this happen again by that time people are more incline to use Cryptocurrency as a method of trading.

[Latviand]

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Bitcoin is not made for times like this. Bitcoin is made for financial crisis. Collapse of central banks.  Bitcoin is also not ready to replace fiat at this moment. So even if in half year time central banks collapse I dont see that Bitcoin will be useful replacement.  

Bitcoin function also because of its convenience and performance to a lot of transactions in the market. Also imagine how big your profit is if you invest at this volatile coin, that's why it is being compared to a gold because of its ability to store value. Bitcoins should stay as a digital currency and not a fiat currency because fiat is more handy and practical to use while bitcoin is useful if it involves a huge amount of money for a larger transactions. The reason why they sell even if it is necessary to exchange bitcoin to buy their needs, they sell because they value their greed over their lives. Those whales still think of a profit even though it is uncertain when will bitcoin be recovered from huge losses, and they prioritize bitcoin when their life is at risk.

What happened yesterday and what happened last year is totally normal. Same can continue this weekend and next week. It can or not. We will see. On long term all this is good for Bitcoin since it slowly destroys central banks.  Good things for Bitcoin are not just that price of Bitcoin increase. Good things are that people talk about Bitcoin and that they use it.

Definitely, bitcoin is not only talks about money, it is about how people will adapt to this digital currency. Hoping that more people will know and understand the value of crypto in the market as it is really the most famous and most used cryptocurrency for investmens. Continuously promotion of bitcoin on simple things will let us give more knowledge and possible good things to happen if we achieve our goals with bitcoin. Let's just predict and create strategies so that we can be prepared and prevent being stress to its downward movement in its price. According to the saying "Just let things play out, what's supposed to happen will happen and we also need to accept the fact that our life is in control and wait for the right moment for bitcoin to happen.

[charlesmichel1]

Because panic sellers expected Bitcoin rallied. What did they get? - Bitcoin traded towards 4 - 6k towards $. People were scared about Bitcoin reached 0.

[Japinat]

Yeah Bitcoin, everyone was terrified at the worth drop nobody could ever imagine that i might be so reduced the worth of bitcoin is falling such a lot due to the virus because the economy of each country is in peril now. That's why there are many traders who are selling their bitcoin However i feel it should be sold and sold now Bitcoin prices will rise generally.

We have already surpass the bottom, bitcoin dump at $4000 level but it only stayed their for a very short period of time, after that, it slowly recovered until there is a big uptrend that almost bring bitcoin to $7000 again. For now, we should be happy seeing the stable price of $6600, that's the trading price for today and I hope we will improve this price soon.

[enhu]

Yeah Bitcoin, everyone was terrified at the worth drop nobody could ever imagine that i might be so reduced the worth of bitcoin is falling such a lot due to the virus because the economy of each country is in peril now. That's why there are many traders who are selling their bitcoin However i feel it should be sold and sold now Bitcoin prices will rise generally.

We have already surpass the bottom, bitcoin dump at $4000 level but it only stayed their for a very short period of time, after that, it slowly recovered until there is a big uptrend that almost bring bitcoin to $7000 again. For now, we should be happy seeing the stable price of $6600, that's the trading price for today and I hope we will improve this price soon.

Despite the corona crisis it stays at that level, I don;t know if there is some other worse case right now to make its price drop to $4000 which is what some are waiting to buy back. A  war or meteor going to hit earth perhaps might help the price drop but if there is nothing yet like this I guess I can expect price to go up to $7000. Lucky are the ones who had dumped at $10k months before Corona.