Quote from: schuriken on March 30, 2020, 06:50:50 PM

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,

But what makes Bitcoin price go down
As the spread continue people start to panic with the disease not Btc, thinking of many Negatives and some people exchange their Crypto to friendly fiat money so they can cover some emergency staff buys extra food, drinks, masks, etc, the simple view is that many sell result to cheapest sell which automatic kill the prices of an Assets.

bitcoin price was in a good shape in chart ! after corona news first oil then stocks start to go low after 1/2 day btc start to get low also.personally i think whales start to sell 1)panic of all investors 2)to tell world bitcoin is just like rest of things witch btc will shape also with news .and i think this action make a good biuld for starting btc price for moon price.

The entire global market is badly affected by this pandemic. The economic system of almost every country that is affected by coronavirus went down due to panic selling and the bad thing is that even online investment including crypto had still suffered such downfall. I can't imagine how many people suffered such a virus and kill many people. Ain't no wonder why many were in panic selling and buying just to save their family.

Despite the economic growth decline, we are still able to stabilize and can't even drop harder below $4k. This means that many Bitcoin holders are still keeping their asset rather than being infected as a panic seller.