According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.
It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.
So how does this affect the markets?
If it's to be trusted, China says the pandemic should end around June:
https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DYUntil 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.
If we are to expect the fear continues into June, prices should keep falling until June.
Be patient until June and then buy.
stated a very relevant fact that every Bitcoin users and investors should know. We are currently experiencing this downfall and we have seen how the lockdown in countries have affected them. Let's be realistic and mature. We can never be sure of its end because firstly, we are not experts and we can only rely on the trust we give to the medical and research field. The economy is affected, big time. The currencies are also affected. They are not stable as we know it and who knows when will it make a come back? It is safe to say for now that a user must think of the situation wisely and rationally. It is not the time to spread panic but instead awareness.