Post
Topic
Board Bitcoin Discussion
Re: 60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This?
by
Oasisman
on 17/03/2020, 05:47:48 UTC

What on earth it has to do anything with bitcoin? While we don't have a particular answer why the crypto market is bleeding - people are happy to link it with the COVID-19 outbreak. But the story below sounds more convincing.

https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff



Add those two and the answer will definitely reflect on Bitcoin's price.
Yes, the plustoken scam and dump had the biggest impact, lossing billions of dollars in the market cap.
But, the panic from the pandemic adds to the burden.
That's why you can't blame these people from linking the covid-19 to the current price slump of Bitcoin.

We don't have any concrete explanation during the price went up and down though, all we have is speculations and rumors, thus it can change the market sentiments.