If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
Even if everyone did sell their coins, thats not enough reasons for you to quit. There are times when the price of Bitcoin will fall, or havent you heard that the price of Bitcoin is driven by demand and supply?
This is a pandemic, and there is no stock or asset that was able to stand firm at this time. Gold was able to stay a bit stable, but there was a time it fell from over $50,000 plus to around $40,000 or so, and it quickly got back up. Bitcoin did the same, after it fell down to $3800, it still got back up to $5,000 and now it has gotten to $8,800. Tell me which other asset has been able to recover as much as it did?