Post
Topic
Board Bitcoin Discussion
Re: Bitcoin declined 3% as the coronavirus spread in italy
by
garyrowe
on 10/03/2020, 09:56:32 UTC

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 still maintain my position on that this  recent slide in price of Bitcoin is not as a result of the coronavirus outbreak but a simple manipulation by those holding huge sum of Bitcoin. If this information I  bumped into is correct then I think there is no need to worry as the market should be on the reverse mood anytime soon. The real reason for the recent deep is allegedly caused by Bitfinex selling off about 21,000 BTC (https://www.trendsmap.com/twitter/tweet/1237270740149268481). This has let to panic , thus making small others sell at a loss. My advice is to stay still and hold your positions.