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.

This COVID-19 is the reason why investors pull out there money, which results of going down of bitcoin or other cryptocurrency so basically this virus is responsible on what is really happening on the market, from 13,900 which is the highest value reached by the bitcoin down to 3,900, 10,000 USD ia the difference between two, which is really big, there are so many users of bitcoin who afraid of thinking that bitcoin may be dead because of what happened but always remembered that we had already experienced this thinga but still we are here, bitcoin still remains.
The next time it happens do not be so afraid, just hold your assets and wait until the orice of the different cryptocurrency turn back again.