Quote from: lienfaye on March 28, 2020, 09:34:01 AM

Quote from: SUMBI99 on March 23, 2020, 08:33:41 PM

Bitcoin is Down

As you can remember when the virus spread at the beginning BTC price sharply reaching $9,439 on January 28, 2019, and the markets follow the BTC as always many crypto markets rose up, that means coronavirus favor CryptoMarkets first,

Because its not a threat at first to many people and it seems an ordinary virus that cant spread worldwide but the situation became different few months later.

People need cash to spend for primary needs so they sell their assets thats why the market crash (I believe this is the reason) because after the situation turn to worse the market declined. Nevertheless its good to see cryptos bounce back even most places are in lockdown, people might be looking for an opportunity to still earn while at home or they are using crypto for remittance.

I don't think regular people caused the crash (people who need fiat money to buy food and masks). But rather big investors and whales who simply used the virus panic to crash Bitcoin price and they bought back at the bottom at half price.