Quote from: Twentyonepaylots on March 25, 2020, 05:00:25 PM

Quote from: Kersh768 on March 25, 2020, 04:45:05 PM

It might really be an indirect effect to the market value of cryptos. Actually, it is still blurry for me. There are times wherein I do agree with the hearsays that it is corona virus which mainly affected the market condition at this moment. And by reading other people's opinion, there is really a possibility that the crash recently is due to panic with regards to the problem and not the virus itself.

It is an indirect effect of the virus until it got severe in some major countries that builds up the crypto space like China, again I would like to use the word 'underestimate' since we did not thought of it before and getting prepare for the next year coz all we did is wishing that 2020 will going to be a great year for all of us. The decline is merely due to panic that most people have felt when things are getting out of hand especially in epicenter, China but now the new is Italy. Some of us don't believe that the virus impacted the decline, coz there is no data because of decentralized but again the virus has the most possible reason why we are experiencing these things right now.

The market price of the bitcoin drops because of the outbreak happens in the world and this is not quite good because many investors made an investment while the market price is too high that is almost 9k dollars and now it is immediately down into 3.9k dollars and that is lost so it is better to hold your coins until the issue of the virus are still on the top and also it is better to keep safe into your houses to prevent spreading the outbreak too also the market price of the bitcoin always declined by the trader but still we need to support this if we make some changes.