Quote from: ife2020 on Today at 05:26:06 PM

Quote from: Peanutswar on March 29, 2020, 02:41:38 PM

Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while but they forgot the whales those are the people who can be responsible for this changes

I personally do no think that the rapid fall was due to limited transactions. Rather i say it was due to a high demand for fiat.
When the dump was rampant, there was need for funds from all, that caused panic dumping of bitcoin, while buyers took advantage and lowered prices.

People are saving fiat because in case this pandemic virus will get worsen, they will still be able to provide their basic necessities. Aside from this, big whales are still taking advantage of the crypto market condition making all the prices of coins gets dumped but for sure, few months from now, everythings will be back to normal.