Can the market stand this trial

[mahilchii]

I hope you are not new to this forum also this is not the first time such downfall has appeared, I agree this massive dump was shocking for everyone but that's the nature of crypto currency and we are aware of that as well. The entire globe is struggling from economic crises then how can we expect a pump in crypto?

Let's wait till the market recovers and have patience, just believe everything happens for a good cause.

[Ridwan Fauzi]

Everyone of this forum even for all crypto user will have the same thing. The price of crypto especially bitcoin can be increased again. We know at this year bitcoin will meet halving event and that is why bitcoin price has increased a lot at the beginning of this year. Which I mean, if this situation back to normal the there are many chances for bitcoin price is up again, you may know when bitcoin price up then we will see another cryptocurrency will up as well. So, we just only hope that this situation will be end quickly and the people come back and buy cryptocurrency as they want.

[mirakal]

That question seem to be telling that you are in panic, relax, there is no doubt that the market can withstand this, it's not the first time, if you are reading news and articles, you can read that bitcoin has died many times in the past, it's not dead yet again, definitely it will recover, bitcoin holds the entire market here.

[Kvalentine]

No reason to be panic here, this is not the first time that such will happen and I'm sure it won't be the last either, relax and enjoy getting your hands on cheaper Bitcoin and wait till market recovers

[trauchot]

I am sure that this is only a temporary drop and soon the cryptocurrency market will begin to grow again, because we all understand that it is very easy for manipulators to manipulate the cryptocurrency market and earn millions and billions, and therefore the cryptocurrency market will still grow a lot of times.

[memed97]

Bitcoin have died more than a hundred times before and yet still breathing, watching my portfolio today I realise I'm not that rich crypto kid anymore but doesn't bother me a inch, I'm even in sad mood because I don't have more money to keep buying BTC

The same thing is true for you too at this time, where I am no longer rich because all the results from the crypto that I had obtained previously I have enjoyed and exchanged it into a real form, so I also experienced a little sadness when I began to lack money to buy bitcoin at the moment.

[coin-investor]

No reason to be panic here, this is not the first time that such will happen and I'm sure it won't be the last either, relax and enjoy getting your hands on cheaper Bitcoin and wait till market recovers

If only everybody here has this kind of mindset we will not experienced this setback, but weak investors are just following the flow of the market, if there is dump they too will dump and if there demands they are to slow to submit buy, only whales are making huge profit by playing the market, but I believe there is still hope.

[Ozero]

This is really a big test for crypto, I mean we have been preaching that it is a safe haven, unfortunately the covid-19 scenario proved otherwise as the market crashes to almost or over 50% as you have seen. Crypto is still in its early stage, still infant as compare to other global and traditional market, but even those markets are also affected. So I guess no one is immune, when the economy of the world is at stake, everyone is affected, even crypto market.

Right now it's not, but Bitcoin will be a safe haven. As you said the Crypto Market is in its early stage. Its relatively very small compared to the Forex and Stock Markets. That's the reason the Crypto market is highly volatile. Once the adoption increases in the future, the volatility will be very less compared to the present and Bitcoin will be a safe haven even better than Gold.

To answer OP's question, I'm not sure whether the market will recover within a few days/weeks or its takes a longer duration. But I am 100% certain the crypto market will recover.

Bitcoin will become a relatively safe haven when it reaches high liquidity. If it could now directly buy essential goods for it, people would not put Bitcoin on exchanges for sale and then it would not fall in price. Now for people in connection with the spread of coronavirus there is a need for unforeseen embezzlement, bitcoins are sold and therefore the price is falling. This situation is temporary, the cryptocurrency market will recover soon.

[sangjoewara]

I think market would be stable in the near future. Now it's facing some crisis times with the presence of global economic problem. I think it would comeback after the major market problem solved.

Yes, the market will continue to recover after all the problems of the global economy are resolved, but not in the near future, because until now everyone and all parties are busy with the corona virus outbreak, so that first must be dealt with quickly, so that the market can return stable in the near future.

[Asuspawer09]

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.

The dump already happened a lot of times in the market as you could see in the price graph of bitcoin. For sure a lot of investors are already used to this kind of dump in the market as well. Thinking about the dump might be negative for a lot of holders since the it might also be a big loss for a lot of the exchanges in the market since they have a lot of holdings when it comes to cryptocurrency but since even the altcoins are dump they are surely having a hard time about this dump.

Still for a lot of investors this dump could be a great opportunity to invest in bitcoin since the market price is low also their is a new ATH for addresses that hold 1 or more bitcoin . Same as the altcoins in the market since the market price is dump Ethereum,XRP,BCH, etc. could become a big profit in the future if you try to invest.

[Samayuki]

I expect everyone to see this time as a big opportunity to accumulate better top coins, stock market was crashed intentionally maybe to get hands on them cheaper don't you think? This is not the first time the market will face such downfall, get used to it

[Destroyeroff98]

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.

Earlier there were also jumps in price and this is a common situation for cryptocurrencies.
After such a decrease in prices, growth follows.

[itsv]

Perhaps you should try looking at the bitcoin history as a good example.
From 20k to 3k and then back to 14k and then 6k again.
That should explain everything.
Remember that it is still in a volatile market and it will happen for a long time.
Maybe even at the time when we are not breathing anymore.

But if you have stable coins then it wont be a problem. Stay with that and you wont see any drop in value. 

yes history is repeating itself under different circumstances now .. back in January 2017 crash, people were wondering about same things which we are seeing now. Can the crypto market ever recover? Unlike the last couple of times, crypto really isn't just a "person" industry anymore. There are plenty of major corporations that have started to invest in Bitcoin and blockchain technology so it is safe to assume that we will definitely recover this time also lets see when this happens in the mean time HODL!

[aioc]

I hope you are not new to this forum also this is not the first time such downfall has appeared, I agree this massive dump was shocking for everyone but that's the nature of crypto currency and we are aware of that as well. The entire globe is struggling from economic crises then how can we expect a pump in crypto?

Let's wait till the market recovers and have patience, just believe everything happens for a good cause.

Everything already happens now in the Cryptocurrency, but this is one of the worst, all it took was less than  24 hours to crash the market of over half it's previous value, I like the market to get back on it's feet on this great trial so we can prove that this technology can withstand even a Pandemic.

[Malam90]

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.

This situation is unexpected to us but we have no hand over this. Maximum share markets of the world has dumped and so this crypto market also did same. This is panic and if this situation will exists, we have to face more worse point but we have experienced many ups and downs in the past and crypto market especially Bitcoin and ETH recovered.

[Sendi blackspade team]

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.

This situation is unexpected to us but we have no hand over this. Maximum share markets of the world has dumped and so this crypto market also did same. This is panic and if this situation will exists, we have to face more worse point but we have experienced many ups and downs in the past and crypto market especially Bitcoin and ETH recovered.

You are right, we have gone through times like this in market conditions that might be worse. I guess we just need to be patient and wait for the moment where Bitcoin can make a pump. this year hopefully there will be no obstacles or withdrawals.

[cassavachips]

This decline is quite large and makes a tremendous panic, although in history there are still worse events, the market can recover slowly by not panicking to sell. Keep holding and buying at a cheap price

[bison]

This decline is quite large and makes a tremendous panic, although in history there are still worse events, the market can recover slowly by not panicking to sell. Keep holding and buying at a cheap price

people who have been around for a long time and know-how the crypto market works I don't think it will panic that easily. but those who might just enter the crypto market and start trading or investing may feel cheated and leave the crypto market.

[suryapro]

Today,Countries in the world, are experiencing economic disruption. so that this has a big influence on people's interest in crypto money. if the world economy improves, I believe prices will to normal return..

[Sanugarid]

This decline is quite large and makes a tremendous panic, although in history there are still worse events, the market can recover slowly by not panicking to sell. Keep holding and buying at a cheap price

Crypto has been through many rought times already but this one we have right now is too big and too surprising. Nobody see it coming. The crash is not only occuring in crypto, it does with fiats too. If the corona outbreak would keep on, the shot at reviving our economy to normal would go down very low. We should start preparing ourselves for the worst case scenarios cause lots of nation are very affected with the pandemic event. Instead of panic selling, we should assess the situation first so that we won't regret in the end.