Can the market stand this trial

[shoreno]

Bitcoin is a coin with Nine Lives and to that I say yes, it will survive this fall too. It has survived past falls when most thought it was a bubble that had burst till now. You must remember too that other markets such as stocks and commodities are also crashing because of this outbreak. It is not a bitcoin fall alone. Humans are even most hit by the virus.

9 lives mate  ? just like a cat . lol thats cool  but seriously yes btc is too strong enough to be killed easily  .

 if we imagine , the situation is much worster before because the support for btc is only less and many people think btc is a scam but now that many people trust btc and many business accepts it , are they going to doubt about its credibility   ?  thats seems not right to me    . we just need to remember that cryptos are volatile , thats it  . no need to think of other negativities  because that will only cause us to become paranoid  .

[Retainly_Collie]

This market has collapsed many times in the past, and until now the market still exists and develops. A few years ago the price of bitcoin was only a few dollars and now it has reached thousands of dollars, which is a huge growth. Do not be too scared by the current situation, surely this market will overcome and continue to grow in the future

[mirakal]

The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.

Don't worry about the market falling 50 percent during this troubled times.its not just something that happening in the crypto markets its happening to all the markets including the well established stick markets in developed nations and even gold which is considered safe haven is falling.

That was the reason why the market is stronger now, in fact when it down 50%, it bounces back and starting to recover, soon the price will rise to $7,000 and that's where the hype will begin again. Why people worried about the dump? because they are weak, they are newbie, they don't realize that bitcoin never died, it always recovers and once again bitcoin is proving it to us.

I agree with you, the entire cryptocurrency market have seen worse down movement and it rose higher, I'm sure it will do that again. There's no need to panic as not just cryptocurrency market is going down currently, it's the whole world. This pandemic causes a lot of issues for every investment option out there, I'm sure the virus is cured we will see a more bullish market

Hope everyone will think like this so the moment covid-19 will disappear, we can expect some good pump that we already miss over 2 years ago.
People are thinking of a bull run but it seems the market is not bullish as we expected, but then we have to continue holding and have more patience as just like the last time, we didn't see it coming.

[Iyanu14]

The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.

From your point that market has survived a lot of situations in the time past.  The happening right now is what market is capable of surviving.  God forbid it didn't last long, but market has it's own way of normalising in such period like this.  Let's just stay at home and stay safe while the market recovers.

[moonblocks]

The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.

Yes, it can purely because there's actually a lot of interest from not only retail investors but institutions waiting to pounce when the price hits the right range so expect heavy accumulation under $5,000 and sell off once again if it goes up steeply but overall a plus at this stage (remember what happened last halving)

[Slingshot]

This is a gradual process as the market is already coming up little by little and hopefully before bitcoin halving things should come back and normalise and supposed to. The pandemic actually caused alot of damages and am very happy crypto market could survive it in such a way that everything keeps going up. It's actually progressing

[Crypto5060]

The market is showing signs of recovery but we are not there yet. I feel the market will experience further pull backs as it's being highly manipulated.

[StephenJH]

The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.

Yes, it can purely because there's actually a lot of interest from not only retail investors but institutions waiting to pounce when the price hits the right range so expect heavy accumulation under $5,000 and sell off once again if it goes up steeply but overall a plus at this stage (remember what happened last halving)

Institutional investors don't see the crypto as a golden opportunity in the recession days, there are more stable financial assets. The institutional traders focus on the well-known stable assets rather than risking billions in risky, volatile crypto markets.

[darewaller]

Do you guys know really why people say "wait" when they are talking about the price going up in price? I don't know the exact reason, I can't tell you why waiting is the best thing to make a profit in bitcoin, not a concrete data that I can show you.

However I have one assumption, it is because bitcoin is volatile, we can be 3k or 11k and anything in between for the next 6 months for example, by September or so we could once again drop and go up and drop and go up. It means if you buy from any price that is not super high, like 20k during 2017 or something, eventually you will probably get profit, maybe it will take 6 months but you will get a profit since it goes up AND down so you can lose some money if you are unlucky but if you wait you can turn it into profit.

[nreal]

The volatility of the cryptocurrency market is only in the short term due to the psychological factors affected by the COVID-19 epidemic. Currently is not the worst price for traders. The price of Bitcoin and other cryptocurrencies is now improving according to market sentiment thanks to the monetary and financial policies introduced by countries to limit the economic impact of COVID-19.

[aemma]

The market has already withstood it till now which proves a common but very important fact and that is, the crypto space have something good to offer which makes it still standing till now even when most markets are struggling to keep up with the harmful effects or results of the pandemic. Also the nature of the crypto space then, that is, when the pandemic was declared and the nature now shows there is a good and big positive difference. In my own opinion I see it as, people are still trading and holding while new people are coming in, in order to be able to meet up with their personal needs etc since most businesses are on lockdown.

[tikaka]

Based on the crypto market situation of recent years, I see, the crypto market is gradually recovering its position. So, all we need to do now is wait patiently. Don't lose your trust and why don't you choose a few altcoins to keep them, the profits will come in the near future.

[ameliana]

the market situation can change at any time so it is not surprising to see the current market situation. for me personally is very optimistic that the market situation can improve as soon as the corona problem can be resolved and it is likely to increase crypto adoption again.

[@baoli]

Market will always recover. More and more people are getting aware of cryptocurrency so they will come into the market. After bitcoin fell from 20k to 3k most people thought bitcoin won't rise again but it did.

[tabas]

The market always withstands the trials that it's taking. A newbie can always worry about things because you haven't seen how strong and tough is the cryptocurrency market.
But, in the past, there's more than that, and the people who witnessed those remains intact and firmly believing that it can survive because it did in the past.

[Barbut]

The market is holding a good, recent trip to over $10k proves that! Many altcoins recorded a nice rise in the last few weeks too, last night drop doesn't concern me, after every rise it's natural for me to expect a drop, it's going with experience, more time you spend here you get more used to fluctuations, temporary rises and drops, all that is normal in crypto!

[shollyen]

This market has collapsed many times in the past, and until now the market still exists and develops. A few years ago the price of bitcoin was only a few dollars and now it has reached thousands of dollars, which is a huge growth. Do not be too scared by the current situation, surely this market will overcome and continue to grow in the future

The OP should expect more crashes but amidst the crash, there will always be an eventual rise. When this happens, people who are optimistic, particular those who sell high and buy low will keep making their profits. Even if you forget to sell when it was high, you can still buy more at a low price, peradventure the money is available and when it rises again, you can take your profit. This is how some people recover theirs loses.

[TopT3ns]

The market is holding a good, recent trip to over $10k proves that! Many altcoins recorded a nice rise in the last few weeks too, last night drop doesn't concern me, after every rise it's natural for me to expect a drop, it's going with experience, more time you spend here you get more used to fluctuations, temporary rises and drops, all that is normal in crypto!

of course this movement is very normal in cryptocurrency trading because we all know that price movements will not always go up and will not always go down so I am very confident that the conditions of this exchange will return to normal when world health conditions have recovered then I am sure the world economy will return rose including the price of cryptocurrency at the exchange place.

[hinorizk]

the market can recover if this scenario worsen and last for several months

That extract what happened a few months ago and look like it's going to repeat again. The abruptly downward on the market right now will behave like the same cycle as before. Hodl and be patient.

[Wildwest]

Indeed the crypto market is very difficult for us to predict even things that we never imagined can happen in a while, then if we already understand the crypto market up and down price it is a regular thing but for now the market is good and we have to make good use of it.