Bitcoin isn't at such low prices now because people don't realise it's the better alternative to cash or any other type of money, for that matter. It is down now because economies are down.
dumping by the plus token scammers, combined with the coronavirus FUD, created a selloff of epic proportions:
some researchers think this crash had more to do with plus token scammers unloading than the coronavirus scare and decline in world markets.
plus token wallets moved another ~13k BTC into mixers last week shortly before the crash: https://twitter.com/ErgoBTC/status/1236072541808029696
it's probably safe to assume this amplified the selling pressure.
plus token wallets moved another ~13k BTC into mixers last week shortly before the crash: https://twitter.com/ErgoBTC/status/1236072541808029696
it's probably safe to assume this amplified the selling pressure.
Payment for goods and services through cash can transmit Corona virus, doing transactions through bank, especially cash deposits can also transmit the virus. The safest way that we can create values and pay for goods and services during this time still remain blockchain and those selling off at this moment are doing so because they did not spend time to study the Blockchain technology and how it works.
i'm ordering grocery/food/supply deliveries on credit card and just avoiding physical stores. no need to use bitcoin. i don't like spending my coins after their value has been cut in half!
