I think I Found The Reason For Bitcoin's Latest Crash

[ololajulo]

There will always be this distracting news in the market when the space pump or dumps, the distracting appears in the midst of the reliable one and I dont know the purpose. Those technical analysis is getting unreliable and unbelievable for me again. It is easy to understand the effect of Corbid 19 on the market but these drawn lines are just display of some bookwarms. Since I knew the market technical analysis does not consider the effect of whale manipulation in the market I stopped believing it.

[Kurokonobasuke]

When the pandemic virus is not yet started the highest price of bitcoin is 10,000$ and up. After that the bitcoin price are slowly go down but not so deeply and it was a normal rate in a market. But when the pandemic virus called COVID-19 is started and spreads all over the world there’s a huge of impact that happened with their lifestyle everything has changed. The bitcoin market price neither survived due to coronavirus pandemic. I guess the COVID-19 is one of the reason why bitcoin price are deeply drop. 

[FanatMonet]

It is possible that such news simply involves price manipulation, and they do not carry any breakthrough news. In principle, this can even be realized by issuing similar news, and making money on the collapse of the market, but this is certainly a bad option.

[rodskee]

When the pandemic virus is not yet started the highest price of bitcoin is 10,000$ and up. After that the bitcoin price are slowly go down but not so deeply and it was a normal rate in a market. But when the pandemic virus called COVID-19 is started and spreads all over the world there’s a huge of impact that happened with their lifestyle everything has changed. The bitcoin market price neither survived due to coronavirus pandemic. I guess the COVID-19 is one of the reason why bitcoin price are deeply drop.  

actually the Virus is spreading the world since last year thats why it is called Covid-19 stands for 2019 virus but only become pandemic in mid of march and same time the market starts to fall hard.
but the Post of OP maybe added the impact thats why the market falls so fast that day March 12 and until now the effect is still making the value stays Down contributing by those Holders that starts to sell now because of not enough funds from the quarantine.

[fabiorem]

The phrase "muh human lives" is the identifier for a new kind of psychopath.
The idea is to shutdown the entire world and cause massive unemployment, recession, hungry, pain and crime on a global scale, and then say it was to "save human lives".
Who cares for children who needs to be feed? Lets "save human lives" by depriving their fathers of work and starving them.
This degree of psychopathy will certainly be studied in the future, if humanity survives the onslaught.

[bits4books]

TS do you seriously think that the problem with bitcoin is that shadowy scientists in their underground bunker laboratories are creating a quantum PC?
There are a lot of problems with superposition, and you are talking about crypto.
No one will use a quantum PC to hack crypto because it's a super-expensive toy and for completely different purposes lol

[bearexin]

For now there is no one who is sure as to what really led to the drop in the bitcoin price. There are some saying that the Plus Token scam was what led to fall in the price and others have come to believe that the main reason why the price of bitcoin dropped was due to the pandemic, well, why not? Majority of the markets were affected and their prices are very low, look at Dow Jones, that ones seems to be a target, then you have Tesla and others.

As for this quantum computer, I never thought that anyone is still afraid of this by now, nobody even talks about it any longer. I'm just going to say that what led to the drop in price is not just one thing but a lot of things.

[Meowth05]

There must be more than quantum breakthrough that caused the crash, other stocks also crashed at that time, does it also mean that the reason of the crash was quantum breakthrough? No, there are other factors that play in the crash. I like that you give graphs to prove your point but there should be hard evidence, this one is circumstantial and we need more than that. Sorry, I can't give any example.

[harrydrummond]

quantum or corona is a common reason for now, what happened when the US closed their borders to Europe I don't know that, but I think whales use all these reasons, I'm still waiting for further news