Quote from: Ril2teach on Today at 02:37:09 PM

Quote from: AniviaBtc on April 22, 2020, 04:56:07 AM

Quote from: 20kevin20 on April 21, 2020, 02:48:20 PM

It completely depends on the path we take as soon as the real problems come up. I still believe we haven't entered the worst timeline yet.

I mean, it depends on what the most significant part of traders think - their way of doing economics is going to show the most significant change. If the majority of the market players will have no savings and will need to sell their assets, the market takes a negative turn. It can't really be predicted imo with much accuracy. I'm going to just let it be and whatever happens, I'll be right here shilling BTC 'till the end.

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

~
2. The psychology of fear that if we die by Virus and die, investing in Cryptocurrency will not bring anything when we die
~

No offense but this one sounds kinda stupid. We obviously don't bring anything with us upon death.

It is so obvious that this Covid-19 really affect a lot of sector in our country, most especially, the financial or economic sector. Economy of most countries crashed because of the Covid-19 that really increase the demand of those necessities just to survive the quarantine. Market are panicking and government has nothing to do with that but to fight this economical problem.

The crude oil's price also crashes to 0 and this is the first time in the history, I think it occur because of the existence of Covid-19. The virus is really uncontrollable and very complex as it is spreading really fast and killed a lot of people are affected and killed by this pandemic.

BTC is also affected most especially it is them most popular cryptocurrency and many people are using this. It is true that you can't bring and manipulate your BTC when you die, that's why you also need to manage your coins and at the same time taking care of yourself. Bitcoin's price is really having a hard time to grow again because of this virus but I know it will bounce back as soon as this pandemic ends.

Totally Agree. Oil prices crashes because Russia refused to decrease their production so Arabia saudi increase theirs by 3.000.000 barrels daily which saturated the market. Russia did decrease production but the changes will be seen next month. Producers are paying for storage and that's why the price is 0, because of COVID19 and quarentine there is less use of oil and with no vaccine at sight I guess this situation will last.

Investors will panic and banking will be affected so banks will make restrictive politics about withdrawals that will lead people to invest in BTC as It's a non government currency.

This situation should be seen also as an oportunity for BTC, that's my point of view

Although it may be a valid reason, it should be noted that many times this type of fall is because there is something more fundamental than a simple disagreement, the COVID-19 can be a factor, it must be remembered that oil is also considered by many to be safe haven, such as silver and other precious metals, gold also and in countries with inflationary economies, Bitcoin behaves as a safe haven, perhaps the crash goes far beyond disagreements between OPEC countries.