Quote from: Janation on April 17, 2020, 03:22:20 AM

Quote from: nennanem on March 23, 2020, 10:00:30 AM

Hey, I was wondering, how will the crypto market react to the virus?

The virus did not affect the cryptocurrency directly unlike other investments.

How are we going to check this? I mean there is no data to rely on checking the effects of the pandemic towards any market especially in crypto, we are just seeing it in decline so we know what is going on with it but there is literally no way we could say that there is indirect or direct effect on the market. Bu deep inside we know that the pandemic caused everything in motion now.

Quote from: Janation on April 17, 2020, 03:22:20 AM

As people would say that the pandemic is affecting the price of Bitcoin but not directly. As there are people that would be selling their Bitcoins to give their needs in this lockdown, there are those that buy so they would be ready with the halving that will happen. The proof of it is when the price dumped to $4K and just after days, the price went back to $6K. Another note here is that the pandemic is not the one responsible for that dump.

Just think of a plain picture, bitcoin price was good until the end of February even the virus is already in China in December 2018, and the bitcoin price plummeted when there is a proclamation of quarantine in many countries, in that picture you could simply assume that people has been covered with fear and they sold their asset to buy a longing necessites.