Can the market stand this trial

[Saisher]

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.

[Reid]

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. 

[Tipstar]

This is not the worst blow crypto market has received. It had overcame specified attacks and accusations while the current one is a general economic disaster. Crypto would surely come out of it stronger. And there will be more effort to ditch the cash as currency and could boost interest on digital money including crypto.

[batang_bitcoin]

The 2018 was even worse. From $19k down and bottomed to $3k so we are in the situation which is finely better than 2018's. The solution is don't panic for each individual and determine yourself and what percentage of fear you have right now.
2018 has recovered up to last year and if that happened in the past, it's obvious that we will recover from this crash. It may not be quick but it will after several months or next year.

[btc_angela]

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 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.

@batang_bitcoin - you can't compare the fall from $19k-$3k in 2018, there's no covid-19 scare that time.

[yazher]

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. 

So far this is the good answer to the question of the OP and it will be satisfied most of the users who ask this kind of question. On my side, there will be no doubt that the market will recover from this crisis and everything will gonna be just fine. If you see some people rushing to sold their Altcoins in the midst of this crisis, don't join them and let it slide now. maybe after this month, everything will return back to normal.

[yanto@1977]

what could be the possible solution here in the market.

Market is depend buyer and seller, we don't have control about it. The simple way is keep use crypto for your activity but must choose the right one, such as trade using daily method, invest with medium time and saving bitcoin in our wallet for up trend. Market will survive but not with the users, some of them choose cut loss and lost value. Market will recover after halving, we only need to use the product, that's it.

[Saisher]

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. 

Yeah I agree this is where stable coin play a crucial rule, maybe this is circumstances where we can value stable coins I am also very optimistic, a technology like this will not die easily, we can compare it to the internet that will go on and evolve, Cryptocurrency is here to stay and for good.

[CryptopreneurBrainboss]

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.

Can you compared what just happened to that of the 2018/2019 market crashed? The market has seen worst and today it's still active. Although what just happened was never expected as everyone or most enthusiast thought bitcoin and the cryptocurrency industry at large was a save heaven against any economy breakdown but that wasn't the case as the panic also made its way into the industry.

Why I strongly believe the market is going to recover is the fact, we're not the only industry been affected. The whole economy is under attack by the fud been spreading as a result of Corona virus.

It might recover along side other market or takes its own part since until last week I haven't experienced any scenario where the cryptocurrency market follows the trend of other market. It was definitely a surprising experience but also an opportunity to get your hands on some valuable coin for a bargaining price.

[jessyj48]

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. 

Too late staying with stable coins for now since Bitcoin already dropped, I don't mind holding my Bitcoin till 2021, value matter less to me, I care about getting more Bitcoin than what they are sold for today

[pakhitheboss]

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. 

So far this is the good answer to the question of the OP and it will be satisfied most of the users who ask this kind of question. On my side, there will be no doubt that the market will recover from this crisis and everything will gonna be just fine. If you see some people rushing to sold their Altcoins in the midst of this crisis, don't join them and let it slide now. maybe after this month, everything will return back to normal.

Quoting the above two as the best answer for anyone who has any doubts about the existing situation. Things were far worse after than what we are seeing now in early 2018. I remember febuary 2018 Bitcoin price went below $3k and it went back to $14k after few months.

[jessyj48]

The truth is Bitcoin have seen worse, If you can spend time to look at Bitcoin chart there were times like this, from ATH to new ATL, it's nothing new, the solution to this is 'time'

[akhjob]

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.

[Bitbtc8]

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

[LogitechMouse]

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 is the first time we experienced an event like this when cryptocurrency has been used worldwide already and this is a good thing because we know already what can happen to it when things like this will happen again in the future.

All markets that goes down will recover but it will take time for it to happen. If the virus hype will be gone in a few months, markets will start to recover and those position traders who accumulated any kind of asset right now will enjoy their profit. I didn't expect this TBH but I believe that crypto and all the markets will recover in no time.

[Doranile432]

It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where

[Jating]

It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where

If you have funds at stand-by and waiting for the perfect opportunity to buy coins including BTC and Ethereum then go by it, accumulate because it is still cheap as far as I know.

Definitely, this is a big test, but I'm sure that those who have been in the market in the last 5 years have seen worst, so for me, everything will settle down in the next coming days, patience everyone, don't need to panic.

[lepbagong]

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.

optimistic there will always be a change of belief, because things like this are common for crypto. although now the decline is rather fast, but it must also be remembered at any time can move quickly to repair.
there is no solution that must be run quickly except to wait.
many effects that lead to the market is bad but it is actually a normal thing for crypto.

[Lantind]

It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where

Yes, it would be better if we continue to monitor the market and not go anywhere when the market is experiencing bad, because when popular coins decline, from that we can also take an opportunity to make a lot of profit.

[vermigerous]

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.