Quote from: valuater on March 29, 2020, 04:04:27 PM

Quote from: HardFacts on March 28, 2020, 01:40:28 PM

Quote from: isaac_clarke22 on March 28, 2020, 01:28:11 PM

It was a rough experience back in the days when bitcoin fell also the same way as this as that was my first experience to market crash like it was around 4k.

BitCoin grew up in an economic bubble when everything went straight up... BitCoins reaction to its first ECONOMIC CRISIS should worry everyone. Cult like " believers " are not investors, and they will deserve exactly what they get.

BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health. The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible Cheesy

Hard Facts

It's interesting to talk about bitcoin price movements in the current period which can be considered a crisis due to the corona outbreak, maybe this could be one of the years when bitcoin will have an important role throughout the world to become one of the safe heaven alternatives besides gold.

It is not impossible if the price of bitcoin will immediately skyrocket when this corona outbreak ends

I think that, many people thought that bitcoin's safe haven capabilities meant they'd only gain money during the crisis, and because btc's price dropped then now they seem to have turned their back on BTC, at least temporarily, BTC needs to be in a more stable position so that its fluctuations (much like gold's) is of about 5% or 10% tops during times like this, in that moment is when people will start considering it a safe haven in my opinion.