Quote from: BrewMaster on Today at 05:19:46 PM

Quote from: Digitalized on Today at 03:28:37 PM

Most people thought that after the virus outbreak, money would go into Bitcoins and other cryptocurrencies

money may go into bitcoin but it almost never goes into altcoins. the bitcoin investors sometimes also buy altcoins to make profit on whatever amount of bitcoin they already have.

In times like this? People would surely look for reputable coins like Bitcoin,ethereum and other on top ranking coins since they are already in the real world application for digital payments.

Quote from: BrewMaster on Today at 05:19:46 PM

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as Bitcoin is considered to be the only ‘’safe-haven’’ asset at the time of crisis.

this is wrong. there are other "safe havens" and bitcoin may actually be at the bottom of that list because of its volatility and lack of mass adoption.

Not a safe haven for a fact that it is volatile, safe haven should be stable and not volatile that's why we are calling it safe, no matter the time is we can expect our original capital when we bought it. how about Tether?

Quote from: BrewMaster on Today at 05:19:46 PM

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But Bitcoin collapsed by 15% after the virus outbreak, thereby defying people’s expectations.

first of all that is not a collapse, a collapse would be dropping down to $100. that is not even big crash.
secondly that doesn't change anything about whether or not bitcoin is "safe haven". if anything it proves that bitcoin price is like always volatile.

agree, it did not collapse, if it does then why the price is still on thousands? The fact that bitcoin is volatile having a price plum is normal at all, noting to worry about we are just having a setback due to the virus.