Quote from: bL4nkcode on March 28, 2020, 08:42:19 PM

Quote from: droidsurfs on March 28, 2020, 08:05:06 PM

Guys, hey.
Can someone explain clearly how the virus affects the cost of bitcoin? I don't understand enough. But not as well as I'd like to.

There's no direct relation between the drop in the BTC price and the virus. It all still depends on the supply and demand and the trading activities of every exchange.

It just that people need more cash to buy their needs amid the covid and it cause panic buying on goods, and some sold some of their holdings, while others panic that they would lose when it's dumping, so they as well sold as well as it become the trend at that time.

Looks like this is what happened, some do panic sell and create FUD and also, I think it has been manipulated and abuse by whales, I see some big transaction going in or out in big and reputable exchanges this month and after that, the market is going up or down If I am not mistaken the lowest was $3800. I guess it is very risky to trade now especially on Futures leverage trading.