Quote from: coinfinger on Today at 03:24:01 PM

Quote from: AD Node on April 18, 2020, 08:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Yes you’re right about that, a lot of people are going to be selling their coins to be able to buy the things they will be needing right now.

But from another angle, the buying rate might continue to be higher than the rate of selling. It’s possible that a lot of people might see this time as an opportunity to even start buying Bitcoin and that will trigger another increase in the price. And the next Halving is approaching, we already in the month of May, although I am not trying to hype the event that’s about to take place, but it’s likely to lead us to the next bull run. It’s up to you on whether you want to have patience and continue to hold or not.

There are two types of people nowadays, there are people who are now selling their coins because they do not have cash anymore and they want to survive during this current crisis. The other type of people is the one who see opportunities while there is a crisis, there are now a lot of investors that using this kind of crisis as opportunities to make more money because they can have a low average buying area. They also considering the halving and it is also a factor why they are buying bitcoins and other cryptocurrencies.