Post
Topic
Board Speculation
Re: What is happening ?
by
ballerin and giroud
on 13/03/2020, 14:46:51 UTC
So Bitcoin just crashed to 6200 $ , around 1000 $ 1 hour , around 15 % in 1 h   , what is going on ?  Shocked
I will say also it is just covid-19, this virus has given a lot of fear for human being. And finally it was affected slowing down the economic activition, you can see the chinese's country where the virus come from. Most human activity was very limited specially in the wuhan, maybe you will not see the human life there. Automatically this situation will bring to the economic recession, as we know when the recession comes the people will choose the right place to store their money to avoid they lose their asset. We can see now, bitcoin price has decreased, oil price and many more.