What Exactly Caused The New Drop Of Crypto?

[nelson4lov]

As most others have said, there's a number of different reasons for the drop but coronavirus just happened to be what set the ball rolling downwards, though one of the more unfortunate things about the whole situation was that it occurred right as Bitcoin was rising towards $10k and $11k again. People got fearful of their investments and/or needed to use some of their invested funds, so people started exiting the markets and things snowballed into a large dump as fear started driving market activity and still is driving market activity.

The great amount of fear that likely led to this rapid decline makes me personally want to invest heavily into crypto again, but I'm still continuing to dollar cost average as normal as to not catch a falling knife. We've sunk a ton but I believe there's still a possibility that we could go lower still if the situation worsens.

One of the greatest things that can bring that a market faster than light is Fear.  People panicked just when the heard that the Coronavirus outbreak was going mega in Italy. I mean, It was literally rocking Italy and around the same time, Trump made a public announcement that wasn't encouraging. That's the logical reason for the dump.

Whether this is the last drop is still unknown at moment as the  number of death persons have increased by over 100% since last week.

[flagpara]

Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?

Thanks.

We hear everything later when cryptocurrency plummet. Now only reason we are seeing Corona virus problem. India lifted banned from cryptocurrency exchange, India is very population country. Bitcoin halving time is also neear but our economy situation is very bad for Corona virus.

[Kasabus]

Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?

Thanks.

We hear everything later when cryptocurrency plummet. Now only reason we are seeing Corona virus problem. India lifted banned from cryptocurrency exchange, India is very population country. Bitcoin halving time is also neear but our economy situation is very bad for Corona virus.

The price dump of crypto is a clear result of corona virus causing our global economy crisis. People have panic on how to prevent themselves not to be infected with this virus so majority of the people have sold their coins for fiat so they can prepare for the worst consequences that corona virus will cause.

[CHENIEN]

In case of you haven't been following the news recently, it's the same Coronavirus that also changed the turn out of events during the Chinese New year, it's still on, and it has caused panic in major sectors of the economy, the crypto community is just one of the few and that has led to price fall.

Actually, while the Coronavirus attack, the oil price war of Saudi Arabia and Russia has been started to explode at the same time, So it is obvious that not only a coronavirus is the reason of the new drop, the dispute of this both countries over oil prices is also the second reason for the collapse.

[ahyadinnn]

In case of you haven't been following the news recently, it's the same Coronavirus that also changed the turn out of events during the Chinese New year, it's still on, and it has caused panic in major sectors of the economy, the crypto community is just one of the few and that has led to price fall.

Actually, while the Coronavirus attack, the oil price war of Saudi Arabia and Russia has been started to explode at the same time, So it is obvious that not only a coronavirus is the reason of the new drop, the dispute of this both countries over oil prices is also the second reason for the collapse.

true, the decline in the price of altcoin is not only a result of the corona virus effect but from the current trade war, this is the same as last year the price dropped but after that the price began to improve again, and now the price returns to last year, so the current decline must be utilized with buy some altcoin

[jrrsparkles]

We have to search for the reasons if the price drop occurred only on crypto market but everything is falling including gold so the reason for this fall is not too much hard to find.

Just because of Covid-19 aka Corona Virus.

Your are right but, the deep created by cryptocurrency cannot be compared to others like gold and metals from the general market. We have seen before SARS among others pandemic but never affected the cryptocurrency, gold and metals as we have seen few days ago. This made me believe that, there's more to this drastic and dynamic fall from cryptocurrency.

In my.opinion, panicked investors were responsible for the outbreak of the crash which lead to total downturn of the entire markets. The panic sales make this deep on cryptocurrency because of it volatility among other things. I "strongly believe in the effect of panic sales"

Exactly,corona is just a trigger for the fall.Oil prices and stock market historical losses made the investors to switch on their panic mindset and started to sell everything quickly to make lower buying opportunities.Today we are moving against the stock market prices movements so its really good to see people are turning towards crypto currencies to save their wealth.

[prof7bit]

We have to search for the reasons if the price drop occurred only on crypto market but everything is falling including gold so the reason for this fall is not too much hard to find.

Just because of Covid-19 aka Corona Virus.

Your are right but, the deep created by cryptocurrency cannot be compared to others like gold and metals from the general market. We have seen before SARS among others pandemic but never affected the cryptocurrency, gold and metals as we have seen few days ago. This made me believe that, there's more to this drastic and dynamic fall from cryptocurrency.

In my.opinion, panicked investors were responsible for the outbreak of the crash which lead to total downturn of the entire markets. The panic sales make this deep on cryptocurrency because of it volatility among other things. I "strongly believe in the effect of panic sales"

Exactly,corona is just a trigger for the fall.Oil prices and stock market historical losses made the investors to switch on their panic mindset and started to sell everything quickly to make lower buying opportunities.Today we are moving against the stock market prices movements so its really good to see people are turning towards crypto currencies to save their wealth.

I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.

[jrrsparkles]

I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.

Maybe you predicted it wrong?

Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.

[pikkie]

I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.

Maybe you predicted it wrong?

Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.

I think 2 days ago the price of cryptocurrency fell due to the influence of the corona virus which spread so fast that it made many investors and traders panic so it had a bad impact on the price movement of cryptocurrency.

[bitkanu]

Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?

Thanks.

We hear everything later when cryptocurrency plummet. Now only reason we are seeing Corona virus problem. India lifted banned from cryptocurrency exchange, India is very population country. Bitcoin halving time is also neear but our economy situation is very bad for Corona virus.

The price dump of crypto is a clear result of corona virus causing our global economy crisis. People have panic on how to prevent themselves not to be infected with this virus so majority of the people have sold their coins for fiat so they can prepare for the worst consequences that corona virus will cause.

They trying to save their lives by cashing out their investment in crypto to buy some goods to make sure everything will be fine when they are getting quarantined in their house. I think they are feeling panic caused by that. Some times when we are seeing people are feeling panic caused by the pandemic and that's a usual thing that will happen anytime if the situation becomes worst and worst every day.

[jrrsparkles]

I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.

Maybe you predicted it wrong?

Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.

I think 2 days ago the price of cryptocurrency fell due to the influence of the corona virus which spread so fast that it made many investors and traders panic so it had a bad impact on the price movement of cryptocurrency.

Fear due to the virus spread caused the prices to fell and also gold,stocks everything fell down due to this panic attack but now people realized that this is good time to invest on the crypto currencies and other traditional things since prices went too low so we can feel there is uptrend in the market a bit.

[cablelavish]

Got to love TemTum it only dropped from 15 cents  to 14 cents....meanwhile BTC is losing a 20% from today's high!!
So glad it isn't all bad news on the market right now.

[FanEagle]

There is a dilemma about this situation. People say that stocks went down because during this pandemic companies will not make money, however they also say people withdrew their money from everywhere. So, if people withdrew their money, and everything went down in price, what did those people use that money for? I mean is the whole world staying in cash right now?

Is everyone literally just took their money from ATM and put it in their homes waiting for something? I doubt that is the case, so where is that money? We are talking about something tangible here, we need to be able to see where that money went to, it must be clear. I am still confused about it but I am sure one day we will see them all. One day something will start and everyone will start to use all of that money again.

[suryapro]

Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.

[mirakal]

Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.

We will continue to believe despite all these trials, crypto market is a well tested market, especially bitcoin.
This is not the time that we all should panic, instead, let's stay compose and see the opportunity in every situation, the humanity will survive, so as crypto.

[Republikcoin.com]

Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.

We will continue to believe despite all these trials, crypto market is a well tested market, especially bitcoin.
This is not the time that we all should panic, instead, let's stay compose and see the opportunity in every situation, the humanity will survive, so as crypto.

the effect of this virus really has a huge impact, and it not only affects crypto, but most people also lose their assets from their business. however, this decline is due to panic selling, it's just that I think that lockdown, or staying at home will make people look for alternative income, and that will lead to crypto.

[akirasendo17]

i think its because of the economy issues, and covid-19 because of this the world is panicking and don't know what to do, hoarding of supplies that is needed, certainly give a big blow not only in the economy but also in crypto currency, since companies will not have a work during this times, i think the people with crypto en-cash their holdings for their family because at this moment that is their priority, there are some factors but at  this moment that i one of the major reasons.

[myohmy81]

Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?

Thanks.

This COVID-19 virus the been the main reason for the recent world economic turmoil. People were got panic in buying foods and supplies for the lockdown and they will in need of cash for their emergency funds. We can't control those investors to sell their crypto even at lower price as they will secure first their family needs while in quarantine mode. Anyway on the other side, this will also give a chance to buy at lower price if you think that this will not go more to the bottom.

[LostConfidence243]

There may be a number of reasons for the price drop in the world market. If I were to say it precisely, that would be a price reduction, bitcoin halving coming soon so far these are reason behind Caused the New Drop Of Crypto .
I would evaluate it another way because many deposited the majority of their wealth here on investment basis but did not see any profit, some others reason . The corona virus does affected crypto, but also an economic decline in other countries specially the 1st world country is in economical stake, however, It's because of Coronavirus, crypto in volatile pain!

[BlackboardTrade524]

There have many reason for this kind of inconvenience that called market price fall-down. One of them is corona virus, the country of the china is more essential for financial supply to the whole world, at the time the many more county are have been away from product exchange so that reason i think the crisis is create for this. But its improving to get along with the new wave of rising .