Positive World Response

[zaim7413]

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

That's right, I'm also sure that the price of bitcoin will rise again over time, and those who bought bitcoin during the dumper yesterday will be very profitable, only they only need a little patience in waiting for the rise in bitcoin prices.

[Ngoukan]

People are now coming to realise the importance of the blockcian and crypto at large. I guess there's more buy in for crypto now due to the spread of the Corona Virus. Is this actually going to bring the much anticipated mass adoption of cryptocurrency? Let's watch out as the drama unfolds. ☺

[Lexurdania]

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

Regarding Bitcoin, I think people will take the opportunity to buy when prices fall like this. The impact of coronavirus in my opinion is only temporary and will not paralyze the world market and economy. With great liquidity and also limited supply, I think big investors will start to realize the existence of bitcoin

[nelson4lov]

Despite the price decline, bitcoin can play a vital role in a global pandemic crisis like this one. COVID-19 can be transferred via physical cash. Also in places where people are currently in isolation, bitcoin can be used for payments for goods and services. It's still unclear where we're heading to as the pandemic is reaching critical stages. This might just be the opportunity we're been waiting for crypto to get massively adopted – staffs are working remotely. If banks close due to the outbreak. Bitcoin can go from neglected digital asset to the new status quo.

[pawanjain]

If what you are saying is true then why is that the price of BTC is dipping so low.
The price is almost half of what it was a few weeks ago. The corona virus has made a huge impact on bitcoin's price.
May be people have started buying BTC again but that doesn't mean that people have started accepting BTC as a safe haven.

[prof7bit]

If what you are saying is true then why is that the price of BTC is dipping so low.
The price is almost half of what it was a few weeks ago. The corona virus has made a huge impact on bitcoin's price.
May be people have started buying BTC again but that doesn't mean that people have started accepting BTC as a safe haven.

I do not believe that the price of Bitcoin will stay at such a low level and we will be able to further monitor the development and popularization of Bitcoin around the world. I will continue to invest in Bitcoin.

[letyouearn]

I hope that all this world panic will lead the people to mass adoption faster The sooner we destroy the old fiat system the sooner we will see this brave new crypto world

[fuer44]

I hope so too, not only coinbase but some other big exchangers like binance and yobit. if the market gets a greater purchase volume than sales, then the price of bitcoin and altcoin will definitely pump up very quickly. because if one exchanger alone, maybe it's not enough to pump.

[coinfinger]

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

Yes you’re saying the truth and I kept laughing at those that were complaining in this forum about the fall in Bitcoin price. The last time I checked on Coinbase I noticed that Bitcoin has 80% buy rate and only just 20% sell rate. Ethereum was at 73% buying rate. This shows that people are not really seeing things as some are seeing it here. This is even a huge opportunity for those who understand, some will never know this.

Now is the right time to buy this coin and keep. Yes the price has decreased maybe due to the current outbreak of Coronavirus, but don’t be surprised that within a short time the pandemic will fade off and then the price of Bitcoin will pump heavily more than what we ever expected.

[Balladtony77]

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 

Correct but do not expect anything until Coronavirus get fixed first, since not only crypto is affected i remain in my calm state, crypto is more stronger and now even stock investors will know

[Ashong Salonga]

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.

Indeed. As of the moment people are still into panic and fear and every sector due to this pandemic virus which is the Novel Coronavirus 2019 which is infecting the entire world that really have a great impact not just with the health care but as well as into the economic sector. Many are doing panic buying, hoarding and whatsoever to keep themselves safe from this pandemic virus. The world outside cryptocurrency is directly affected because of this and it comes to surprise for me that even the cryptocurrency community is also affected by this which we have seen the prices of the top cryptocurrencies are suffering which is said related to the happenings nowadays. As of the moment people are really focusing into the real situation that is maybe one of the reason why the demand and usage of cryptocurrencies seems to be low making the prices low. But as soon as the situation becomes okay and stable I hope everything will comeback to normal bringing the hype to the demand of crypto as well as the usage of it. I was just thinking that with this scenario, it will be best to use cryptocurrency to purchase everything specially to avoid having direct contact to prevent being infected by Novel Coronavirus 2019.

[Doranile432]

The smart ones knows exactly what to do with this type of market we are in right now, many will dump so the smart ones will accumulate, it's certain that many are buying while others are selling, on coinbase there are more buy orders than sell orders, this is a good sign of what will happen after Coronavirus is over

[SaidNurs]

Of course do not worry too much about what is happening in the world today, where the economy seems to want to restart the situation. But always think positive and do the wise thing, take part by reacting with good things

[ballerin and giroud]

I noticed when bitcoin price came to down and was followed by another traditional market I got thinking that bitcoin was cosidered like another traditional market. The people have been aware of it, if there is someone who talk that bitcoin and altcoin are really bad and have many risk rather traditional market we can give this situation as a proof. The traditional market have fallen a lot too when the recession come and we can see also in bitcoin and altcoin. We need a more time for those people to know bitcoin and altcoin and our job is make a positive information against them everyday.

[distr@yopmail.com]

Of course do not worry too much about what is happening in the world today, where the economy seems to want to restart the situation. But always think positive and do the wise thing, take part by reacting with good things

if you are a trader or a large business actor I think you will feel panicked by the current state of the economy. You can think simply like that because you are not an actor in the world economic movement. Try to see people who have large shares in well-known companies and the value of their shares fell because of a bad market situation.

[trauchot]

Maybe it is, but unfortunately most people are selling their bitcoins and other cryptocurrencies in a panic because they don’t know what will happen with the cryptocurrency and of course we understand why they do this, so now is a great time to enter in the cryptocurrency world.

[kooboat]

Aside the positive economic reaction, am glad the world leaders and international bodies like WHO  are working hard together to contain the spread of Cona virus  which has already become a pandemic. I hope the disease would be curbed in no time after this overwhelming support  across the world.

[TheGreatPython]

The trouble that these people who talked about "buy when it is low" are not realizing is the fact that it is low because we ran out of money to begin with. I mean if we had money then we wouldn't sell our coins, I personally didn't sold any and by the looks of how much was sold we can say that it was a huge company or a very wealthy person since the number of sold coins was just simply too big for couple of regulars.

However it was sold because stocks crashed, markets collapsed and everyone needed money to cover the debt, so basically we can't buy when it is low because we already sold to cover our issues anyway. So, when you say buy when it is low next time remember why it is low to begin with, it wasn't low because some people got bored of bitcoin suddenly.

[Bonwin]

If what you are saying is true then why is that the price of BTC is dipping so low.
The price is almost half of what it was a few weeks ago. The corona virus has made a huge impact on bitcoin's price.
May be people have started buying BTC again but that doesn't mean that people have started accepting BTC as a safe haven.

Whenever you see a sell order, there will surely be buy orders. Humans are buying. This should make some meaning for us. Those buying most times are taking advantage of those selling at that moment, believing that it will still yield some profit later in future.
We could see the way the market played out this time. Some people thought the price of BTC will plummet more, but unfortunately, we saw it rising again and to my amazement, it yielded more profit than I could ever envisage, most especially within a short period of time.

[cahbagus555]

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

It is very encouraging if buy orders at coinbase or other large exchangers show investor confidence. The price of Bitcoin has fallen quite sharply after falling below $ 5,000 and I think investors are trying to take the opportunity to buy in large quantities. I think in the next few weeks, we will see price spikes that occur not only in Bitcoin but in some good altcoins