It is not surprising at times of such because people would more prioritize the things that they need the most. It is a normal thing to do during emergency, investments would be more likely set aside. And this I think is the reason why the market value fell down recently. Many people sold their holdings in order to be prepared for what is currently happening. There is now a shortage of daily needs, in some areas. If your government is not that effective, you will only have your savings. I was actually planning to invest but have hesitated since I need to buy some stuffs to be used during the quarantine period, and the money I used was supposedly for crypto investment. But it would be okay, I'll just go with the plans when things start to be positive in order to assure everything.
That is understandable because there are a lot of people who need the money fot sustenance right now. You should buy when the price goes lower so you can have a profit.
but I quite doubt the price will be lower, or under the price of $ 5000. but I think he sells the bitcoin he has in the $ 6k range, and that might be good enough. to be honest, the bitcoin he has is more than my assets, but if I were him, I would not sell all the assets that I have. Well, maybe a few percents is enough, and I might do it gradually.
In some situations, you have to sell a lot and immediately, no one can guarantee you that you can sell a little every day. Anything can intervene, you can get sick, even if it is not a coronavirus, then this is an additional cost, or some other significant situation.
Indeed, your investment would be worthless if you would die due to sickness, to be practical. We cann all back with our investment routine once things become positive and I hope that day would come soon. Stay safe!