Quote from: fabiorem on March 31, 2020, 01:49:52 AM

Quote from: bitcoinethereum on March 31, 2020, 01:44:44 AM

Hi Twentyonepaylots, It seems that one of the main reasons Bitcoin, and other cryptos are being affected by Covid-19 much more than they were by MERS, etc, is because of the widespread, systematic shut downs going on all around the world. Entire industries have been forced to close by governments (both capatlist and socialist, democratic and oppressive). This has never happened before on such a large scale, and for so long. Here in the US, and especially here in California, everything will remain closed for probably 12 more weeks. This is causing total panic among people to cash out and just save their money. Unfortunately crypto is not immune to this.

This is also another reason. Not the virus, but the hysterical reaction to it.
The shutdown could include the internet and even electricity, and bitcoin is highly dependent on these two resources. So people panic and sell.

The flu kills more people each year and didnt have this reaction by governments. This is why I dont believe the narrative the media is delivering. There is something else going on.

I don't think conspiracy theory again going on here. This is reality, the virus is spreading fast the reason why a lot of businesses are closed and many countries are in lockdown. And because we don't know how long this will gonna be, people are in panic mode and they want to hold cash as much as possible to buy their necessities.