What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
Business as usual, follow the whales where they go and wait for FOMO to happen, if and when it occurs.
Nobody can guarantee us the bull market will be kicking in if Coronavirus never happened.
Remember when Bitcoin halving happened in 2016? did the bull market start that year?
No, the bull started a year later after a long period of accumulation.
So I believe the downside or the upside of the crypto market has nothing to do with it. It might affect it but not by a big margin.
Also do not forget, not all of us are using cryptocurrency.
Based on my past experience also, I totally agree!
Let me ask you this. What if you never switched on your social media. Or news. And only paid attention to your country's ministry of health statistics. I bet you this. More people died from normal flu outbreaks in your country than from coronavirus.
Now, how will that affect Bitcoin price? Nothing right? Why should coronavirus affect bitcoin price?
Exactly!
If at all, COVID-19 will just prove to the whole world that cryptocurrency is more stable (not in the usual volatility that happens in crypto when FOMO happens) compared to traditional investments instead i.e. stocks, fiat, gold, etc when pandemic pandemonium occurs.