Quote from: BlackFor3st on March 03, 2020, 07:35:45 AM

Quote from: KarlKanKarl on February 25, 2020, 09:38:23 AM

https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy

As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?

I am very interested whether this coronavirus outbreak will really cause a bad effect to the crypto market or it is only an imagination to the investors who are worried in every dip of prices. There is a big possibility that it is only a coincidence as if you will closely check the market, in every increase of price there is always a setback of it before it will continue to increase again.

The outbreak has been spreading already in different countries and not in Italy only so let's just remove the this reason why the bitcoin declined it's price.

Indeed, we all knew that corrections take place after some good runs those investors who already gained decent are liquidating their assets. It will repeat itself as scalpers and day traders are keeps tracking their opportunities. In regards to Corona virus, there's slight effects knowing that investors from China might need money to finance the situation, not only Italy but there's also affected countries who also known for crypto supports.