"If it doesn't move up and down, then it's not alive" ~ Author: Unknown
Yeah sounds like a stablecoin if it doesn't move up and down
I cannot predict the future but I guess bitcoin is fine and not doomed, this current downtrend is caused by the combination of all the current bad news and fuds happening to our community right now. For me, bitcoin is supposed to be uptrend, cashless payments are a much better option in our situation now to avoid contact with other people concerning covid19 but anything can happen on crypto and I hope it will recover soon.
This is somehow true. The idea is that why there is no movement because there is no transaction happening on a particular token, you can all notice that in some token if there are no transactions happened, the price is still at a stable state. It is not actually a stable coin, it is just that at that time the prices are not making any movements. We all know that bitcoin is not a stable coin, we can all notice that it is changing prices or value time by time when there are transactions happening around the world. The hardest part is that you cannot actually predict when a pump or dump gonna happen since the price is volatile. In terms of crisis we are facing right now, it is normal to affect crypto but it is not that it is dying or becoming zero in terms of value.