Post
Topic
Board Speculation
Re: Is Covid-19 a cause for BTC price drops?
by
Janation
on 24/04/2020, 11:04:27 UTC
1. Unemployed people do not have income so they do not dare to invest in Cryptocurrency.
2. The psychology of fear that if we die by Virus and die, investing in Cryptocurrency will not bring anything when we die
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.

When we talk about losses, I don't think we should all include this.

How can we be affected or how the price fall when they are not even investing in cryptocurrencies mainly Bitcoin. The possible reason for the dumps that you said is just close to number 3. I think what you are saying is not the possible reason why the price of Bitcoin drops but the possible reasons why the price is not increasing before the halving.