Quote from: pooya87 on April 22, 2020, 04:08:16 AM

you are missing the fact that bitcoin is not an asset, it is a currency. and majority of those who have chosen to convert their fiat to bitcoin have done it to either escape the tyranny of centralized powers or because they know this decentralized currency is independent of any other markets.
there is of course panic due to the other markets going up in smokes these days but as we have seen from the past several weeks the effects of that panic caused 2 days of falling and then the price even recovered most of it within a week. now the only effect that panic has is the uncertainty that people have about the time the rise begins that is why it has not yet begun even though there is a serious accumulation going on.

That's correct. Bitcoin is a currency but most people use it as an asset.

Quote from: Alanin on April 22, 2020, 04:47:54 AM

Quote from: vietnamoi.vn on April 21, 2020, 01:56:57 PM

3. In a difficult economy, investors need to withdraw assets and sell cash to maintain businesses such as payroll, purchase and sale of goods instead of investing in cryptocurrencies.
4. The disease has not yet been controlled, the economy has not shown signs of recovery, so investors are afraid of not participating in the Cryptocurrency market.

These 2 plays a big part in the price drop.
If you followed other markets out there. you would notice that they had the same pattern.

Maybe they have the same pattern but it's only for a very short period of time and if you'll notice Bitcoin is already recovering unlike those traditional markets outside the crypto world.