60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This?

[FanatMonet]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

[squatter]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

One could argue that miners are investors. They invest in mining hardware in order to yield bitcoins.

Bitcoin doesn't need speculators and traders, but I also think speculation creates adopters. If not for the bubble in 2013, I may never have heard of Bitcoin. I originally bought in because of the hype, but now I'm a frequent user and not much of a speculator.

[odolvlobo]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

How many people invest in dollars, or euros, or yen? Not many, yet that doesn't seem to affect their values. Anyway, only the investors care about the price and investors aren't needed.

[gandame]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

How many people invest in dollars, or euros, or yen? Not many, yet that doesn't seem to affect their values. Anyway, only the investors care about the price and investors aren't needed.

Invesing in fiat such as dollars, euros or yen is different from investing in bitcoin.

The value of fiat remains because the government maintain its value. While in bitcoin, the price determines based on its market demand (investors) and its supply.

[samcrypto]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again.

[cryptozink]

Another COVID-19 story to link with bitcoin. Another attempt to think USA is the leader of the world.

Is it very hard to believe that some scammers from Korean country has sold off over 100 million of siphoned money? The world market is bleeding because majority of the production factories are shut due to the COVID-19 pandemic. Majority of the service sector people are working from home wherever possible to keep up with the demand. The overall sentiment in the market is very very bearish.

What on earth it has to do anything with bitcoin? While we don't have a particular answer why the crypto market is bleeding - people are happy to link it with the COVID-19 outbreak. But the story below sounds more convincing.

https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-sellof

The scam sell off happened to take place the same time as the coronavirus huh? If that's the case man, I'm happy.

[cryptozink]

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again.

"Bitcoin doesn't need investors." Then who's going to buy & sell?

[Lizzylove1]

Never knew he predicted the market crash, I greatly admire and respect Andreas. Well this tumor ravaging the world economic is just the Virus, drugs are been tested and this will signal a market reversal. I just hope people who offloaded their crypto asset to fiat don't get caught off guard when things turn for good.  The eye of the world is on bitcoin market you will be surprised the caliber of persons secretly buying and keeping bitcoin for the future.

[senin]

Bitcoin will lose a little due to the fact that some of its holders are disappointed that in this situation with the spread of coronavirus, Bitcoin did not become a reliable refuge, but rather, along with all markets, it lost significantly in value. However, this opinion was originally thought up. Bitcoin was issued only as an alternative means of payment for existing payment systems. Now the last five days, the price of bitcoin has more or less stabilized, which means that as soon as the coronavirus declines, the cryptocurrency market will begin to recover.
It is entirely possible that, given the reduction in reward for manners for each new block mined in May, we will immediately see a good growth in bitcoin and the cryptocurrency market as a whole.

[Reatim]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
 
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

almost every section of this forum has Corona Virus connection story and all takes the blame in that Virus lol.

we have been in this kind of situation for how many times,60% loss is not that Big compared to what we have from 2017 -2019 but did the market stays dump?

we will recover again that is one thing i know,and even if Investors take their money?bitcoin will stay ,maybe with low value but will not be wiped out.

[GDragon]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
 
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

I believe Bitcoin will always rise up after a crash. Investors already know it like the palm of their hand. The crash happening today is because of panic. Markets are all down. When this pandemic ends, investors and other people will start coming back to Bitcoin once again. They are just waiting for the right time, and we have to accept that it will take some time.

[buwaytress]

One could argue that miners are investors. They invest in mining hardware in order to yield bitcoins.

Bitcoin doesn't need speculators and traders, but I also think speculation creates adopters. If not for the bubble in 2013, I may never have heard of Bitcoin. I originally bought in because of the hype, but now I'm a frequent user and not much of a speculator.

That's definitely in my definition of investors. Most people I know buying or trading, don't actually have bitcoin? They're just trading numbers on a screen, either as outright derivatives (futures maybe) or just "bitcoin balances" on trading accounts. These to me aren't investors, purely speculators. And you're right, they shouldn't be disregarded or dismissed. They do their bit for awareness, which then opens up adoption. Every participant has a role in this ecosystem.

So Bitcoin may have a hard time finding new speculators, or convincing old ones to keep speculating. But the miners, the users, these are the investors and they know to expect these dips, as they do the parabolic rises. Nothing changes.

[LogitechMouse]

Why should Bitcoin find Investors after what happened to it?? There is no reason for it to happen.

If you are a good investor, you must know that you should have kept some funds for times like this. Times like this where Bitcoin goes down very hard so that you have to use for accumulating more Bitcoin. Bitcoin is a lot cheaper right now than it is weeks ago so if you are a good investor, you must position yourself and buy Bitcoin . We saw already this cycle. Bitcoin goes up then goes down but will rise slowly. This unexpected drop of Bitcoin happened because of the massive paranoia that the virus created and the leverage exchanges which the longs got liquidated causing the price of Bitcoin to go down very hard.

Buy Bitcoin right now it is cheaper or you will regret it for the rest of your life . Kidding

[fudster]

BTC will always find investors.  By how the market works, it doesn't need more investors to reach its ATH again. The markets only need few people bidding each others price and with scarcity, its price can sky rocket and the moon isn't even the limit. You can just wait til the scarcity kick in, before the next 4 years come you'd be seeing prices going up again.

Covid19 is just a hiccup to this market. There is a good side to this event too which countries affect may now consider cashless because they are seeing banknotes are helping the virus to act like wildfire.

[rdluffy]

Soon or later this crisis will stop, and investors have to put their money into something

Look at the stocks, it's all red too, we are facing a serious problem and our life is at risk, so it´s normal to see BTC prices crashing, stocks, USD etc

[carlisle1]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
 
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

This is actually the right time for the investors to enter again.

maybe in a couple of days or weeks when they finally believe that the Bear was gone?sure thing investors will Buy bitcoin again and you will see how fast the price will go up again.

yeah we had a sudden fall in a day but we will make a higher growth after the fall,it may take some time but will surely come.

[Gozie51]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:

Exactly what I kind of wonder sometimes. The prediction and the drop seem to have happened, then here is corona virus pulling down countries economy and making people sell off. I mean, how does that get to happen. There was no corona virus before then, now it is a factor pulling price down. How did it really happen this way ?

[Golftech]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:

Exactly what I kind of wonder sometimes. The prediction and the drop seem to have happened, then here is corona virus pulling down countries economy and making people sell off. I mean, how does that get to happen. There was no corona virus before then, now it is a factor pulling price down. How did it really happen ?

The corona spread make that prediction to happened, the outbreak of this pandemic virus spread really quick and most of those weak holders who seen that the market is plunging down quickly liquidated their assets and what we are seeing right now is the after effects of this problem.
We will see more if this virus spread more and affects more countries as investors and traders will back out and simply hold their money.

[kryptqnick]

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:
 
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

He's a legit and respected guy, and he was right about the crash. What he said, though, is that Bitcoin will go down at least at the beginning. So this seems to mean that even he has a hope that it's not the ultimate crash or anything that will stay for a long while. Bitcoin can still recover, and I think it's been doing alright since the say of the crash, to be honest. The price dropped drastically, but now it's been pretty stable over $5k which is quite strong of Bitcoin.
However, when I look at the recent interview he gave, he believes that the economic crisis is close. He says that Bitcoin might go down along with everything else and that in any case, it's not ready to support a big number of people yet (here's the interview)...

[jacafbiz]

The only winner here are the exchanges, they are truly milking the space, I believe they allow the market to crash and experience this free fall.It is a learning curve for the space, I have seem some people change their price forecast but if we don't see any real lasting solution to this Virus the  price might dumped further.