Positive World Response

[Ryushin]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

[mersal]

Most likely people from USA decided to move to cryptos once they faced huge losses on stock market which needs really long time to recover from their losses but on the other hand even in weeks everything could become normal so people are seeing this as an alternative still more people yet to jump all in to make demand for bitcoin and increase its price from the crash.

[doctor877]

It's not about the coinbase orders because it won't stop the price from droping as long as there is panic and fear in every sector. Everyone is just trying to be safe and finding a way to best store their funds. If the situation becomes stable , there will be more demand and price will move up.

[jossiel]

people knows that Bitcoin is not a joke and they are taking the advantage

Because they know that the price is very cheap and they shouldn't just leave it like that without buying at the right time which is this time.

It's a positive somehow at the moment but the total collateral damage has been huge for the whole market. We came from $9,000 and did hit low a little by little and was even saw it at $3,700-$3,900 which varied from exchanges to exchanges.

[qazgroup]

I know crypto and btc is backed by strong community and real supporters are still holding but buying even more but what i have seen in last 3 4 days is like never seen before not only the crash was huge but i am getting dozens of 10% up or down price move alerts from coinbase which is a thing i have never seen ever, i mean this level of volatility is shocking but i am sure good traders will be taking advantage and multiplying their holdings out of this volatility.

[Tipstar]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Though the current situation is troublesome, the decrease in crypto market is largely a manipulation from the whales to buy coins for cheap playing with the sentiments of smaller investors. There's no prominent reason for bitcoin market to crash. And to be realistic, there's no room for growth as the pandemic situation is to bring a economic slowdown. This is a good time to buy crypto for anyone who could afford.

[bttmember]

Expert traders, investors and real supporters are already enjoying this volatility ride but i know it is not for everyone rather it is for only a few to take advantage, most people get into panic zone after seeing such crashes and it takes a lot of courage to enter in such blood bath situations and in the end risk takers are the winners.

[xiboothrezi]

Though the current situation is troublesome, the decrease in crypto market is largely a manipulation from the whales to buy coins for cheap playing with the sentiments of smaller investors. There's no prominent reason for bitcoin market to crash. And to be realistic, there's no room for growth as the pandemic situation is to bring a economic slowdown. This is a good time to buy crypto for anyone who could afford.

True, this is indeed a pretty bad situation. But on the other hand, this could be an opportunity to get BTC with a discount of more than 30%, IYKWIM. With the high demand, it means that the crypto market potential is still quite high. This is not the end because it is only temporary, this bad situation also occurs in all stock markets, so this is a global effect. Always take advantage of the worst circumstances, in a safe way because crypto is a high risk. if you do not have the courage to face this extreme situation it is better to choose a safe path until the conditions conducive to entering the market again.

[thiscomm]

that's right, the number of orders for purchases is greater than sales. but do you already know that the price given by the buyer is actually below the current market price. meaning that it will indirectly result in a loss to the seller if they sell at that price. maybe this will benefit the buyer but will be very bad for the seller. all of us here expect a profit even though it's small. and the world response to crypto is very good for this year many companies have used crypto as a medium for payment of salaries in their companies.

[Perfect35]

If that is the case, there should not have been a serious dip as much as what we are presently experiencing. If that is what Coinbase is experiencing, although a world-class exchange, not all exchanges are having such an occurrence. Also, we cannot conclude yet.  until there is outright evidence to show that and it must be evident in the outlook of the entire market.

[kawetsriyanto]

The larger world response to this economy disease is not that bad at all, ....

That is probably one of the powers of media, spreading the news and issues about the coronavirus (the hottest condition right now). Many people are influenced by this coronavirus condition that causes a big change in the market of cryptocurrency especially.

..traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good...

I think that they are heading to fulfill their basket with the BTC and other coins at a very low price. Right now, many people are selling their coins in the very low rate. therefore, some other people use this condition to gain more and more coins at a low rate. This is normal. When you can get many coins in the low price, why not?

[asriloni]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Those people are waiting for the right time to buy. the price of bitcoin can go back to the top price anytime as they want. They are taking the safe position and that's why you are seeing so many buy orders on the coinbase,. Mostly of US traders are still holding their position and they are still watching the market.

[Coyster]

If that is the case, there should not have been a serious dip as much as what we are presently experiencing. If that is what Coinbase is experiencing, although a world-class exchange, not all exchanges are having such an occurrence. Also, we cannot conclude yet.  until there is outright evidence to show that and it must be evident in the outlook of the entire market.

There are two periods when a lot of people hurry to buy bitcoin: The first is when the market is prospering and the second is the opposite to the first, so with the latter being the case at the moment, I am not surprised to hear that many people are trying to purchase BTC now, they will be getting it at a less expensive rate. One BTC was valued at 9k weeks ago, now it's just barely above 5000, it's a good bargain to cash in on imo.

Investors are always seeking ways to make more profits, this crash in price will definitely come as a good news to many who will take the opportunity to double and even triple their portfolio, only the new traders that will still panic whenever this happens.

[bgaf]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

You cant just simply advise people head there to coinbase. Some are not practically using it for trading, maybe more users from the US are using it or nearby countries but some are prefer the most common and major exchange such as Binance. The disease is truly affecting many people and even crypto space has been one of its affected area. People need to relax for the meantime and wait for the time everything slowly back to normal.

[omone1]

It's not just on coinbase alone. Even unofficial market in my country like messaging apps, People are willing to sell and keep buying and buying even at a higher conversion rate. People have more faith in Crypto market than stock market. 

[Twinkledoe]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

You cant just simply advise people head there to coinbase. Some are not practically using it for trading, maybe more users from the US are using it or nearby countries but some are prefer the most common and major exchange such as Binance. The disease is truly affecting many people and even crypto space has been one of its affected area. People need to relax for the meantime and wait for the time everything slowly back to normal.

Everyone has their preference when it comes to crypto exchange. Maybe, the OP just want to tell that when you head to Coinbase, you can see a lot of buy orders and that means, many people still believe in bitcoin. It is really up to us where to trade and where to get our crypto. But maybe later on, people without prior experience in crypto will find dealing with crypto to be of advantage especially when we are faced this kind of crisis. Holding fiat where you don't know where it's coming from is not safe anymore. So having online transactions has the advantage this time.

[Doranile432]

I know crypto and btc is backed by strong community and real supporters are still holding but buying even more but what i have seen in last 3 4 days is like never seen before not only the crash was huge but i am getting dozens of 10% up or down price move alerts from coinbase which is a thing i have never seen ever, i mean this level of volatility is shocking but i am sure good traders will be taking advantage and multiplying their holdings out of this volatility.

Bitcoin have died several times before, there is no reason to be panic about present market condition, more investors are buying as we speak and once coronavirus panic goes down you will witness a very strong market support

[btc_angela]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Perhaps many people or even average Joe are going to heed that call to use cashless payment, be it credit or debit card or every crypto. As far as the buy order in coinbase, obviously every trader or investor see it as a great opportunity to buy cheap bitcoin or altcoins because of the worsening market condition, so it's a judgement call for everyone.

[Samayuki]

Many will be happy about this golden opportunity, that's how I see it, those who understands how valuable Bitcoin can be will definitely start buying from dumpers, it's only a matter of time market will surely recover

[khiholangkang]

Most likely people from USA decided to move to cryptos once they faced huge losses on stock market which needs really long time to recover from their losses but on the other hand even in weeks everything could become normal so people are seeing this as an alternative still more people yet to jump all in to make demand for bitcoin and increase its price from the crash.

If this is indeed a very good thing, there will be very large funds going into crypto and this will make the price of crypto much better than before. We must prepare to hold our crypto assets