Post
Topic
Board Economics
Re: Coin prices down 25% to 30% this morning.
by
Gozie51
on 12/03/2020, 22:04:52 UTC
Such prediction can only come when bitcoin is on the bull but not now as market is severely on red. In other words, bitcoin is the determining crypto coin to altcoins.

The Coronavirus is having a damaging economic impact. And it concerns the crypto space too. Even when a situation on the crypto market is OK no one can predict an appropriate moment for buying/selling crypto. Who can do it now?


Well, I guess both the traditional market and crypto market are now affected by the fear of COVID-19 pandemic.

For traders, the fall of traditional market manifest as profit or loss in their account if you are talking of forex trade because money is made or lost in both buy and sell positions.