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.
Your main question should have been whether the cryptocurrency and especially bitcoin would be able to recover from the crash. And the answer that would be a yes. I know very sure that you have seen the increase we had as of recent. The price of Bitcoin was able to reach $9000 from April to this May, while other markets are still struggling at this time.
If you are thinking that Bitcoin would stand stable at a time like this, then you're making a big mistake. I believe you know that Bitcoin is a volatile asset. You don't expect such assets to remain stable when there is a whole pandemic. Some of you are always expecting too much from Bitcoin and you always want the price to keep going up.