Post
Topic
Board Beginners & Help
Re: market confusion
by
JohnBitCo
on 29/03/2020, 11:02:36 UTC
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.



Bitcoin price drop is not linked with coronavirus. In simple words, it is only the panic which is making people think that bitcoin will be zero and hence they should cash out. If you have some sort of saving in bitcoin, i will advise you not to be panic and keep your portfolio save. Once this situation is over, you may find bitcoin again rise and then you can enjoy the profits.

Remember, when everyone sells, its a buying time and when everyone buys, its a selling time.