This situation began when China issued a ban on bitcoin mining. since then the market has been under pressure for weeks. not just big coins, but all red crypto coins. and this has nothing to do with the corona virus. when viewed since the pandemic the crypto market has increased. and it's been the best time in years. that's why I'm sure it's not caused by corona. Investor interest falls because they see the market as less potential and there are always more reasons to fall than rise. The impact of FUD from China's ban is still being felt today. because of all that investors prefer to remain silent and monitor the situation until the market gets better.
It is looking like there is a whole lot of movement in bitcoin, so I am not seeing anything bad anymore. Obviously there was a huge drop and that's true, but the reality is that we dropped and we dropped a lot and I agree with all that yet we still managed to stop, and that stop means a lot because unless we have another huge drop coming up, that means this was it, it's it.
What does "it" means, well it means that we stopped and then if we spend all of our live savings into bitcoin right now, we can double it when the price goes up, I am not in support of anyone making any investment decisions based on what I say, because hell I do not do what I think I should do, but it is great feeling to know that you hit bottom and what comes after the bottom? The peak, so we are going to spend some time here but then we are going to start making a ton of profit in near future.