Can the market stand this trial

[btcdie]

I'm sure there are still many who support crypto and that need to remember crypto is still needed. actually FOMO can indeed change everything with a short amount of time. actually now is the right time to build a portfolio and buy a number of coins that have the potential to get the maximum profit. at the moment I am very confident that crypto will recover, but that may take time. I have read some news, and I have summarized that the reasons do not match the dump on the market. from here I'm sure crypto will recover gradually.

[Latviand]

That's more likely to happen. Oh come on, we have seen more than this deep and the market still is recovering little by little and not totally continuous downtrend. I think that is enough for us ti hold on and prosper when that 'day' come. To those who are not new in this industry you would get it. Crypto investment is a waiting game. There are just those people who are only for 'easy' profit which became the image of cryptocurrency especially on the previous year, the moment prices were really high. It might have left an image, which discourages invesyors at times like this, that the market is hopeless. If you are really that tired of seeing red marks, you are free to let go, but do not regret doing so, once the market have recovered from these challenges. And to those who truly believes, use this opportunity to invest to those cryptos in which you think would have a tendency to have a higher market value in the future. Risking is all that we got and patience is all that we should have.

[joinfree]

Sure, the crypto market has seen worst of days since its inception and that is the more reason why most crypto enthusiasts who have been in this industry are not panicking at this stage. Whales are taking much profits right now as they buy cheap from panic sellers.

[Twinkledoe]

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. 

And that only shows that bitcoin has the possibility to increase again its value, though we don't know when, but for sure it will rise up again. The high volatility is still there, but the hope of rising up is very feasible with bitcoin. Just consider the adoption, it is growing everyday. But yes, if you want less risk investment in crypto, go for reputable stable coins.

[Valzador]

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.

we can see recent events as a net to filter bitcoin adopters from money seekers, we can distinguish them from the current momentum.

Bitcoin adopters are very confident that this crisis momentum is what makes bitcoin special.

[Rosilito]

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.

What we need to worry is that if the humanity can overcome such virus especially the third world countries who have low count of hospitals, doctors, and poor people who can't afford to let themselves be checked, poor technologies and so on. Anyway, enough of such imagination, I am pretty sure that sooner the market would be able to have its own warm comeback up it is just that right now, people are confused of what should do, and afraid of getting infected at the same time, that is why they tend buy recklessly that leads to selling off their assets; crypto and such in order for them to buy something that could save them staying at home a while longer till virus get wiped out.

[TimeTeller]

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.

What we need to worry is that if the humanity can overcome such virus especially the third world countries who have low count of hospitals, doctors, and poor people who can't afford to let themselves be checked, poor technologies and so on. Anyway, enough of such imagination, I am pretty sure that sooner the market would be able to have its own warm comeback up it is just that right now, people are confused of what should do, and afraid of getting infected at the same time, that is why they tend buy recklessly that leads to selling off their assets; crypto and such in order for them to buy something that could save them staying at home a while longer till virus get wiped out.

Exactly! Right now, if you are residing in a country or area of lockdown, your priority is not to get infected and where to get food in case you run out of your supplies.
Market will always go back and may rise again. But the current situation of this pandemic is really alarming.

[betty11]

There are a lot of unconfirmed reports that we may be close to getting the vaccine for the deadly epidemic. If this is true, then we will see a quick recovery in the market. I don't pray for the health crisis to linger on, it's too deadly. Hopefully  it should be gone in 21 days and respite with come to the world again. 

[wingfield_crypto]

I do not think the price of Bitcoin will increase significantly in the coming months. With the stock market, the value of cryptocurrencies has decreased, but that is not the end of crypto. We must be patient, and the BTC historian gives us high hopes that the situation will recover, but not in a few months. However, investments in BTC are long-term investments, so we don't have to worry.

[ampere]

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.

I do not think or see this situation as a market trial or challenge, its normal to have downtrend for a while in the crypto sphere.
So i just see this as the normal bearish moments that crypto currency usually experiences.

And i think once the pandemic has a cure and is over, the world economies will stabilize and bitcoin and crypto currency will experience their spikes too and it will be even more fun if this happens before the halving.

[kindbtc]

I think even if crypto market sustains these prices for few weeks untill corovirus is controlled it would be great achievement and it will set the platform for market surge when everything gets back to normal and people come out of panic and start business as usual.

[mersal]

In the past the price of bitcoin were fell from $20,000 to $3000 in the long bearish trend of 2017 to 2019 beginning its like 85% price fell from the all time high but crypto currencies able to manage and survive up to $10,000 in the recent days and possible it might reached next level if there is no corona outbreak but everything happened in no time so it take time even months or years to recover but it will,hopefully.

[pixie85]

Sure, the crypto market has seen worst of days since its inception and that is the more reason why most crypto enthusiasts who have been in this industry are not panicking at this stage. Whales are taking much profits right now as they buy cheap from panic sellers.

It actually has not seen worse because a 40% decline in one day is one of the worst if not the worst. Even when Bitcoin was falling down from 20 thousand it came back to 15 and then fell to 10 days later. This time it was like falling straight down.

Most of the drop took maybe 10 minutes which is strange. Like there was completely no liquidity. It looked like around 10 thousand Bitcoins took the price down on Bitstamp by 3000 dollars. Very unusual. I'd understand if it was 500 thousand but 10?

I held my coins but we can see how weak the market is thanks to exchanges that allow leveraged trading based on USDt. They're buyilding a house of cards that can disappear in a minute.

[Google+]

In the past the price of bitcoin were fell from $20,000 to $3000 in the long bearish trend of 2017 to 2019 beginning its like 85% price fell from the all time high but crypto currencies able to manage and survive up to $10,000 in the recent days and possible it might reached next level if there is no corona outbreak but everything happened in no time so it take time even months or years to recover but it will,hopefully.

now it seems difficult to be able to recover prices to the highest price at $ 20k because there are few who support cryptocurrency and those who are interested in bitcoin have weakened, meaning that many have been disappointed with cryptocurrency because it cannot provide a guaranteed profit and there is no good news that can trigger the investor or whales to enter bitcoin again.

[Denreal]

W ought to have gotten to a point where whatever happens to the market, no matter how worse it is, recovering should not be a problem.
It will not only recover but will also pick up from where it was left, most especially from its ATH and we would see a much higher one, However, I do not advocate to just keep waiting for that, but to make good use of ever moment that comes.
Understanding this is very crucial.

[Lizzylove1]

The market has been very bloody and this could be the best opportunity to fill one's bag but sadly, people are scared of the unknown as per the direction of this Covid-19, and its long impact on the market. Bitcoin has been rising and falling. No one can tell how this pandemic will go but if vaccine comes out on time, we should see a quick market recovery.

[Lantind]

I think even if crypto market sustains these prices for few weeks untill corovirus is controlled it would be great achievement and it will set the platform for market surge when everything gets back to normal and people come out of panic and start business as usual.

The problem is how the crypto market will sustain these prices? can you provide a way that you know to sustain prices on the crypto market? because the crypto market is very difficult to control, and even the exchange parties themselves are not all able to control the crypto market.

[el kaka22]

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.

Of course it can, we have dropped from 20k to 3k before, this is basically nothing compared to something like that. I personally prefer it when prices could actually do mild moves, even if it is down doesn't matter like the time we moved from 10k to 7.5k was fine with me, those are correction level stuff we can overcome to go back up. However, when bitcoin price moves like this, it becomes a challenge for me. I am not sure if it will go up right away, or a bit later, or slowly or rapidly like I get no clue.

All the above, one thing I am 100% sure is we will overcome this, the world finances overcame A LOT bigger stuff, most recently 2008 was even worse, so this is probably a bad moment, we will probably get something horrible, but in the end we will recover and we will do a lot better.

[ife2020]

For me, the market is doing well and is standing firm to this trial. As a trader, i think you have to commend certain altcoins that has done well in this market.
There is still going to be instability this week, with the support levels of bitcoin etherum and few others not strong enough.

One thing i know is that, this bearish season will definitely pass.

[Lantind]

For me, the market is doing well and is standing firm to this trial. As a trader, i think you have to commend certain altcoins that has done well in this market.
There is still going to be instability this week, with the support levels of bitcoin etherum and few others not strong enough.

One thing i know is that, this bearish season will definitely pass.

Yes, and the decline and increase in prices in that market will always be there at any time, only at a time like this, traders must also be able to make or take an opportunity by buying some good altcoin units to look for profit when prices rise later.