Post
Topic
Board Economics
Re: If bitcoin is made for times like these why is everyone selling at a time like..
by
jostorres
on 18/04/2020, 17:06:12 UTC
If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS. 
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.
This is a pandemic and to be sincere, I don't think that Bitcoin is made for a time like this. If you do have enough money, there is nothing wrong with investing money in Bitcoin at this time. But for now, a lot of people are worried about food and how to survive, so nobody is really interested in investing their money in stocks or any form of assets, not even Bitcoin.

There is a lockdown everywhere and many people have lost their jobs due to the lockdown, now they are trying to manage their life with the money they have been able to gather in the past months and years they have worked. And there are those that don't even have money left at all. I wouldn't be surprised if Bitcoin should fall, because it's driven by demand and supply and it is volatile. That doesn't mean we should quit.