Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: What Exactly Caused The New Drop Of Crypto?
by
bitkanu
on 20/03/2020, 23:30:29 UTC
Quote from: Kasabus on March 18, 2020, 11:26:52 PM
Quote from: flagpara on March 18, 2020, 09:41:59 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.
We hear everything later when cryptocurrency plummet. Now only reason we are seeing Corona virus problem. India lifted banned from cryptocurrency exchange, India is very population country. Bitcoin halving time is also neear but our economy situation is very bad for Corona virus.
The price dump of crypto is a clear result of corona virus causing our global economy crisis. People have panic on how to prevent themselves not to be infected with this virus so majority of the people have sold their coins for fiat so they can prepare for the worst consequences that corona virus will cause.
They trying to save their lives by cashing out their investment in crypto to buy some goods to make sure everything will be fine when they are getting quarantined in their house. I think they are feeling panic caused by that. Some times when we are seeing people are feeling panic caused by the pandemic and that's a usual thing that will happen anytime if the situation becomes worst and worst every day.