Quote from: Kunnu on March 14, 2020, 07:43:51 AM

Possibly there can be only one major reason the false and unnecessary news which created to much panic between cryptocurrency traders that's why the market crashed very fast it was really an unfortunate moment, but now it looks that market is recovering slowly hopefully the market situation will be positive soon.

Some people are saying that the decline in the cryptos market value has relation with the widespread of the corona virus. It somewhat has a point; the virus is now negatively affecting the economy of many countries, some establishments are forced to be closed and activities are restricted. I do not really know how it exactly affects the prices of the cryptoa but, all i know is that the economic situation reflects to the prices of cryptos as we have seen before. So maybe, once things are showing signs of positivity, same thing could happen in this industry as well as to the market value of cryptos.

Quote from: Destroyeroff98 on March 15, 2020, 12:57:29 PM

Quote from: MOProgress on March 14, 2020, 05:34:46 AM

Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?

Thanks.

It seems to me that coronavirus has affected. Because because of him there is a global crisis.

Well at first, many people believed that corona virus do not affect the market price of cryptos. But the moment situation regarding to the said virus became worse, being a problem to many countries across the globe, there was a sudden decline in the market price of cryptos. In bitcoin, I think it fell down as much as 46% as what I have seen in Coinmarketcap. Hoping for better things to come because it really is sad seeing how the market struggle to make a comeback.