Hello, late to all this doom & gloom news, had my head stuck in the sand for a while been busy. Just got out of it and hear this corona virus thing causing markets worldwide to crash even oil markets. Questions:
Covid-19 virus recently caused the crash of btc over a week ago?
It could be consider as one of the biggest contributory factors to the massive declined we have seen last week.
Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?
On the contrary, I think every government in the world is doing their best to stop the spread and control it. I'm sure a vaccine could be found, just a matter of time.
Will Btc halving this May coming will get us out of this virus bear market?
Not really sure about it, but if you have to take a look at the previous historical logs, halving is the main catalyst for an eventual bullrun.
Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?
Because every market is connected, that's why all them have crashed because of the covid-19 pandemic. However, bitcoin is making a stand and it is still trading way better than traditional markets.