Quote from: hatshepsut93 on March 12, 2020, 05:31:30 PM

Quote from: Qcrypto on March 12, 2020, 12:11:58 PM

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

There's nothing extraordinary about it, "more people are cured from the virus than died" means that mortality rate is below 50%, and there's actually few diseases in this world that have above 50% mortality rate.

Quote from: Qcrypto on March 12, 2020, 12:11:58 PM

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

There's no doubt that the virus crashed the stocks, but with Bitcoin it's not that clear, because technical analysis shows that Bitcoin failed to break past important resistance level, which might have triggered the bearishness. Basically, we don't know just how much influence does the virus have on Bitcoin.

Quote from: Qcrypto on March 12, 2020, 12:11:58 PM

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

I seriously doubt that Bitcoin will keep going down for months, the halvening is soon, and the market wants to be bullish, there's little chance for going down further, at worst we'll have another period of stagnation.

As the price of bitcoin drops these past few days and the covid-19 is trending and labeled as pandemic, I think that the virus contributed to that downward movement in bitcoin's price. Although we all know that even though the virus is not yet discovered, the bitcoin is already volatile and we have nothing to do about it. But on the other hand, workers are having a hard time earning money because of the community quarantine. I believe that due to the bad effects of the virus in our economy, digital currency is experiencing a wide economic problem due to the market. Resources are being limited and difficult to manipulate because if they continue to do so, they will risk their lives and can cause death. Always remember that before anything else, be mindful of your health and focus on taking care of every one that's beside you. Bitcoin will surely grow again soon and let our patience be in our priority.