Post
Topic
Board Bitcoin Discussion
Re: Personal Opinion: Only a matter of time until Bitcoin will surprise us again
by
isaac_clarke22
on 05/03/2020, 08:30:43 UTC
Of course why would someone in panic mode and sell their stash because of the corona virus scare? Everything will settle down in the next couple of days. And just be checking the price today, crypto markets are in a positive, although the rest of the traditional markets are still red.
In fact it is not really difficult to understand why this could happen, while investors and traders love volatility they hate uncertainty, we do not know the true potential of this new virus to affect our lives and that is why the stock market is going down, as such in times of crisis people prefer to hold cash just in the case something important happens they have the flexibility of buying what they need, in my opinion it was just a matter of time before we saw the price of bitcoin going down because of this virus but since the decrease is being caused by an external factor the drop in the price will at most last a few months.

It would be have a lot of effect in the stock market, but I don't see it impacting the price of BTC that much although we're kinda feeling the correction of the price right now. Many could have been panicking right now that they're now gonna start selling their crypto and all. In the end people would still just keep their BTC in their wallets as long as there aren't that much of victims in their countries from the virus. We might be down to 7k at its lowest from this issue.