Kvalentine (OP)
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Merit: 25
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March 16, 2020, 09:56:45 AM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
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Yogee
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March 16, 2020, 10:38:50 AM |
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I'm not being fooled but when my health is on the line, I would sell some of my portfolio to buy food, disinfectants, and other necessities in times like this. That is not a stupid decision, it is just common sense. If I survived this pandemic, there is always a chance to earn money and buy cryptocurrencies.
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Reid
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March 16, 2020, 10:56:10 AM |
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Coronavirus is the reason why market is in very bad shape,
Stock market but not the crypto field. it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
As of my understanding you are in contradiction of your own statements. There is no corona virus before but yet bitcoin will go deep. Why is this different? Corona virus or not bitcoin will move which no one could explain. You could put all the news and events of the world but yet it is not connecting with how the bitcoin market will fluctuate.
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bttmember
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AMEPAY
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March 16, 2020, 11:06:32 AM |
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You have stated the situation very nicely in simple words, i agree with you, i think it is once again whales and speculators that are causing this panic and sell offs and they are personally accumulating more coins so benefitting out of panic and dumping from weak hands.
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Yaunfitda
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March 16, 2020, 11:06:53 AM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
Wise investors think otherwise, as I have mentioned before, Buy when there is blood in the streets . I know that the market is really in very very bad shape because of the corona virus pandemic, but we can't do anything about it, the virus has spread out and taking a dent on the global economy. But as crypto investors, others might think that this is the end, however, majority will say that this is just the beginning of the bullish run, so just invest and don't be fooled by the those who panic. Make the best of this situation.
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btc_angela
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March 16, 2020, 11:09:12 AM |
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You have stated the situation very nicely in simple words, i agree with you, i think it is once again whales and speculators that are causing this panic and sell offs and they are personally accumulating more coins so benefitting out of panic and dumping from weak hands.
More of manipulations, shaking the market the second time around, I thought that the recent crash is done already, but it seems that the market is going down again. Anyways, if the whales are playing the market again, then we should adjust and don't get fooled. If the price dip, then we should buy, simply as that. Instead of panic, take this as a great opportunity and accumulate more.
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minairia3
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DGbet.fun - Crypto Sportsbook
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March 16, 2020, 11:31:11 AM |
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This thing could affect the market but never it will shut down crypto market especially bitcoin. Many investors will likely backed it up even at time like this. Only those keep saying the end of crypto is near are those who are selling st a very low price and got rekt. This is their way of saying I lose. But not all people are like them there are still who enjoy the market down and buying all those who are panic sellers. Anyway, for me I will hold it until the storm finally calm and able to sell it on a good price and not just for the sake of losing value.
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Sterbens
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Duelbits.com
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March 16, 2020, 11:35:00 AM |
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That's just FUD news that keeps circulating and I think bitcoin will be useful in the future maybe as long as if investors need it, at a time like this there is a lot of manipulation going on here we don't panic when the downturn like this do wisely and start investing with low prices I'm sure at a time like this many will have bitcoin prices are the lowest prices and some altcoin in your portfolio.
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patz22
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March 16, 2020, 01:04:17 PM |
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It happened before, bitcoin crashed several times because of this kind of situation, examples are altcoin bubble burst and also silk shutdown, well not only that stocks are suffering too so I don't see any issues why bitcoin won't recover after this. Well, in my opinion in time, crypto will become the solution for financial problems for everyone around the globe, not by profit but I mean, the use case of it
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dainoran
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March 16, 2020, 01:17:12 PM |
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very appropriate for today we better stay at home, and to meet our needs, we can use a delivery service to our homes. Because making money using crypto in my opinion is quite useful in this situation, so cryptocurrencny technology is very helpful.
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poodle63
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March 16, 2020, 01:51:03 PM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
When this pandemic will be fully controlled those who have been leaving the market will try to buy back again. It's not so stupid to exit as long as we are not fully exiting from this market. Yes we have been facing so many difficult times but this looks like the worst situation that even faced by crypto. 40% decrease in a day and another 15% for the next day. I hope this will be end soon.
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Novatech8
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Activity: 700
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Sovryn - Brings DeFi to Bitcoin
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March 16, 2020, 02:00:49 PM |
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It's better not to sell all your coins that's what OP is talking about, many left because they believe it's the end for crypto but those who've been around for long understands that it's normal to witness this kind of market we are facing presently
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masterrex
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March 16, 2020, 02:02:55 PM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
For those who said that it is the end of crypto industry will thats not true, because when I started investing in the cryptocurrency particularly in the cloud mining the price of bitcoin at that time was only $250 -300 dollars but if we compare it today it is $4600 that was a huge difference comparing before. I'm just trying to establish that the market size of today is still big to end like this, thats why I presume that this is only a temporary market downtrend partly triggered by the Covid-19 global Pandemic scare. and it will be normalized soon.
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enhu
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Merit: 1018
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March 16, 2020, 02:13:54 PM |
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The market is in bad shape but those who sees this is an opportunity are buying everyday of the BTC all they could have. There were people I saw in the news that corona isn't really a big threat to the markets, there are more contagious flu stronger than Covid but are not really hyped by media to make people panic and what they are saying is that this is a planned attacked. Don't be fool but don't also buy BTC right now because they are doing their worse yet.
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Kunnu
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Activity: 1204
Merit: 11
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March 16, 2020, 02:31:52 PM |
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We should definitely avoid the unnecessary and false news these days we all have seen this kind of bad market conditions in the past. Almost every people who are involved in crypto understands what is main reason of poor market condition there is no need to be panic just keep patience hopefully everything will be on right track.
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retnocintaku
Member
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Activity: 588
Merit: 10
Decentralized Ascending Auctions on Blockchain
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March 16, 2020, 03:05:24 PM |
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The current development of Bitcoin is much better. And if the price of Bitcoin rises and falls!! It is very reasonable. And I don't believe the news that says Bitcoin will die. It is not demonstrable because until today it still continues to live.
Currently, Bitcoin and Altcoin are experiencing a very significant decline as many people panic about the spread of Corona's disease. If this Corona disease is gone, I think the crypto market can recover again. My suggestion that a drop in crypto-asset prices is a good time for us to buy a coin at a low price and not get out of this job.
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pawanjain
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March 16, 2020, 03:37:39 PM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit because of this while others are making good choice presently, many are already saying it's the end for crypto but the fact is Bitcoin died several times in the past and it's still alive today, do not be fooled by those who don't understand the technology
LOL If people are saying it's the end of crypto then must also say that it's the end of the world because that's what it is all about if they are making these judgements based on the coronavirus pandemic situation. There is no other reason for the crypto market to go down like this. Even the3 stock market was not able to handle the crash and had fallen sharply despite of the centralization the stock market has. Yet the market is going down but there is nothing to worry about. Crypto has faced bigger crashes than this and has still recovered. I am pretty sure crypto is here to stay.
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Thomas-s
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March 16, 2020, 04:30:20 PM |
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coronavirus is not the reason of the dump. the reason is human fear and panic. in fact, there are many other diseases worse than coronavirus but people do not create such a panic because of them. Now, this is all a well-conceived marketing move. Bitcoin will live no matter what happens. if it falls even lower I will look for money and buy. my main mistake was that I did not predict such a strong fall and now I have big losses.
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CryptoYar
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March 16, 2020, 04:39:42 PM |
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Coronavirus is the reason why market is in very bad shape, it will be very stupid to exit
It is right time to dare not to be afraid, Those who do not lose courage, they succeed, just keep courage, everything will be fine.
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thesmallgod
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March 16, 2020, 05:07:41 PM |
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even though the coronavirus pandemic might have a great impact on the price of crypto due to panic sales but nobody expects to see the bitcoin price go below 5k. This is another evidence that the price of crypto can go any side. The same coin that went 9k a few weeks ago. I strongly believe the coronavirus is not the only factor responsible for the dump but let us wait and see. The first clinical trial result of the vaccines to treat the virus will be made public soon. hopefully, it works fine
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