Post
Topic
Board Economics
Re: Virus Bear Market?
by
very_452001
on 24/03/2020, 01:28:55 UTC
Covid-19 virus recently caused the crash of btc over a week ago?

I'm sure the panic around the corona virus played a role. There were a couple additional factors that intensified the crash:


Will Btc halving this May coming will get us out of this virus bear market?

If the stock market keeps bleeding 5-10% a day, then look out below. The halving won't mean shit and the panic will eventually spread to BTC again.

BTCUSD has already made an amazing recovery, bouncing 81% from the bottom. To keep that recovery intact, we need global markets to not capitulate like 2008.

Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

Why did stocks crash? Why gold, oil? Everything crashed or at least lost considerable value.

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?

What makes you think they turn to "digital gold?" They are most likely to turn to cash.

PlusToken is a altcoin? Whats it gotta do with btc?

What about food commodities agriculture markets? Where panic buying increased grocery prices. These markets are in the green yeah?