60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This? - page 2.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: cryptozink on March 16, 2020, 09:23:24 PM

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:

https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

almost every section of this forum has Corona Virus connection story and all takes the blame in that Virus lol.

we have been in this kind of situation for how many times,60% loss is not that Big compared to what we have from 2017 -2019 but did the market stays dump?

we will recover again that is one thing i know,and even if Investors take their money?bitcoin will stay ,maybe with low value but will not be wiped out.

senin

full member

Activity: 938

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Bitcoin will lose a little due to the fact that some of its holders are disappointed that in this situation with the spread of coronavirus, Bitcoin did not become a reliable refuge, but rather, along with all markets, it lost significantly in value. However, this opinion was originally thought up. Bitcoin was issued only as an alternative means of payment for existing payment systems. Now the last five days, the price of bitcoin has more or less stabilized, which means that as soon as the coronavirus declines, the cryptocurrency market will begin to recover.
It is entirely possible that, given the reduction in reward for manners for each new block mined in May, we will immediately see a good growth in bitcoin and the cryptocurrency market as a whole.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

Never knew he predicted the market crash, I greatly admire and respect Andreas. Well this tumor ravaging the world economic is just the Virus, drugs are been tested and this will signal a market reversal. I just hope people who offloaded their crypto asset to fiat don't get caught off guard when things turn for good. The eye of the world is on bitcoin market you will be surprised the caliber of persons secretly buying and keeping bitcoin for the future.

cryptozink

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Activity: 102

Merit: 7

Quote from: samcrypto on March 17, 2020, 06:59:15 PM

Quote from: FanatMonet on March 17, 2020, 07:47:58 AM

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again.

"Bitcoin doesn't need investors." Then who's going to buy & sell?

cryptozink

jr. member

Activity: 102

Merit: 7

Quote from: avikz on March 17, 2020, 12:12:07 AM

Another COVID-19 story to link with bitcoin. Another attempt to think USA is the leader of the world.

Is it very hard to believe that some scammers from Korean country has sold off over 100 million of siphoned money? The world market is bleeding because majority of the production factories are shut due to the COVID-19 pandemic. Majority of the service sector people are working from home wherever possible to keep up with the demand. The overall sentiment in the market is very very bearish.

What on earth it has to do anything with bitcoin? While we don't have a particular answer why the crypto market is bleeding - people are happy to link it with the COVID-19 outbreak. But the story below sounds more convincing.

https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-sellof

The scam sell off happened to take place the same time as the coronavirus huh? If that's the case man, I'm happy.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: FanatMonet on March 17, 2020, 07:47:58 AM

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

We still need the investors but we don’t need to panic. Nothing bad to bitcoin, it just happen that the market is not good and the price of bitcoin is affected on that. Investors will buy again at a dip price so don’t worry whale are still here and waiting for the right time to buy and sell again.

gandame

hero member

Activity: 924

Merit: 505

Quote from: odolvlobo on March 17, 2020, 06:36:28 PM

Quote from: FanatMonet on March 17, 2020, 07:47:58 AM

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

How many people invest in dollars, or euros, or yen? Not many, yet that doesn't seem to affect their values. Anyway, only the investors care about the price and investors aren't needed.

Invesing in fiat such as dollars, euros or yen is different from investing in bitcoin.

The value of fiat remains because the government maintain its value. While in bitcoin, the price determines based on its market demand (investors) and its supply.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: FanatMonet on March 17, 2020, 07:47:58 AM

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

How many people invest in dollars, or euros, or yen? Not many, yet that doesn't seem to affect their values. Anyway, only the investors care about the price and investors aren't needed.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

One could argue that miners are investors. They invest in mining hardware in order to yield bitcoins.

Bitcoin doesn't need speculators and traders, but I also think speculation creates adopters. If not for the bubble in 2013, I may never have heard of Bitcoin. I originally bought in because of the hype, but now I'm a frequent user and not much of a speculator.

FanatMonet

hero member

Activity: 742

Merit: 507

Quote from: odolvlobo on March 17, 2020, 05:06:37 AM

Bitcoin doesn't need investors. A good currency has very little investment. Bitcoin will have succeeded when nobody wants to invest in it anymore.

If there are no investors, then the price will roll down, always down. People who receive cryptocurrencies for any actions will sell it, and if there are no investors, then there is nobody to buy, which means a drop in prices. Investors are needed.

Mulann2

member

Activity: 686

Merit: 35

Same way people can't give a valid answer when btc rise in price is the same reason why no one can give a valid answer to your question, i guess the only valid thing to do at this moment is to wait and watch, this dump has been attributed to various reason but nobody can say for certain what is the cause, so asking this same question all the time won't help anyone, the dump has already happen, what is left now is wait for recovery, btc will definitely recover.

davis196

hero member

Activity: 3206

Merit: 940

Quote from: cryptozink on March 16, 2020, 09:23:24 PM

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:

https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

Did Andreas Antonopulos predict the coronavirus panic?Is he the new Nostradamus? Grin

Will Bitcoin "find" new investors after this crash.Sure,why do you even doubt this.New investors will come for sure,but the important question is "When?".The funny thing is that many people were thinking that a digital asset with such price volatility can have a stable price and act as a safe heaven in case of a global disaster.
By the way,I won't click on the link you posted.I don't know anything about this website/blog and such blogs might have malicious code.

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Or, maybe we need to again remember that Bitcoin's never needed any excuse to drop or spike suddenly. Events could be related, could not be, but people then follow their emotions in a flurry of self-fulfilling prophecies.

Re world economy collapsing. Surely we can't blame coronavirus too much when even banks were already warning of imminent meltdown as early as 2017? The regular "global crisis" cycle is just coming back. Normal bank knee-jerk reactions are happening, GDP slowdowns already noticed long before Wuhan hit the panic button.

Not saying there's no effect from corona. Just saying banks and states are probably slightly relieved they now have a scapegoat.

Viscore

hero member

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Live with peace and enjoy life!

Quote from: Little Mouse on March 17, 2020, 12:26:04 AM

June 2011- $31
Dec 2011- $2

Nov 2013- $1242
Dec 2013- $600

And from ATH in 2017x BTC later reached $3200 may be in 2018 and again rose to $13000.
It is not the first and it will never be the last to see such volatility.
Since there was no lack of investors back and each time with such dip, BTC came back with much stronger, I think there will be no problem at all.

Bitcoin will come back for sure, bitcoin is a strong asset, it's been declared dead many times and prove investors wrong many times.
Just try to think of the possible future income, usual reason why bitcoin dump is due to the panic, and this time is quite a big panic is happening, but can we ask our selves again, have we not learn already on what has happened in the past? if the answer is yes then we should hold.

Yes there is a pandemic but nobody says it will stay forever, the world will not end on this and therefore business will recover, economy will boom again and bitcoin will bounce back.

thesmallgod

full member

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Merit: 129

This time suppose to even be the time that bitcoin suppose to grow in my own opinion because there has been numerous reports that the virus can be spread through contact between the infected person and the fiat currencies which when pass around can be contacted by an individual. In such instance, BTC and other crypto suppose to witness higher usage for purchase of goods and services since it is not like fiat which can be transferred through direct contact when trading

denzkilim

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Activity: 1218

Merit: 105

Quote from: cryptozink on March 16, 2020, 09:23:24 PM

Andreas Antonopoulos warned us about an imminent bitcoin crash two months ago. BTC Twitter tries to keep their spirit up with humor and pain sharing:

https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/

Linking a virus to Bitcoin, again and again, lmao Cheesy

By the way the Crypto Currency Bitcoin is created not a form of investment if you have carefully read Bitcoin's whitepaper. Bitcoin's value depends on the people who trade it and not the people who invest or bought it, for example, Bitcoin can soar really high without any new investments as long that the majority of the hodlers hodls it and not selling for a low price if you know what I mean.

CaVO32

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Quote from: Wexnident on March 17, 2020, 05:34:57 AM

This is just temporary. It's not like Bitcoin died or anything, it's usage become non-existent or something better than it came up ( and even if it actually did, i'd guess a split or so of investors). Mostly because of the panic currently ongoing around the globe, Bitcoin has dropped down by such a huge amount. A lot of factories have temporarily closed down, a lot of businesses started closing down temporarily as well, people have no source of income (temporarily) and they are in need of money to spend towards supplies (*ahem hoarding ahem*).

Expect that once a vaccine has been made, panic would quickly subside and the market would probably start going up like really quickly. Why? Because the most threatening problem on the eyes of the populace is gone, so they'd probably strat returning to their everyday lives. Once they see the market and it's price, who wouldn't buy it up right?

vaccine is already in trial phase as we speak. and there are quite number of institutions and pharma companies that are into developing the vaccine. about 35 companies are racing to find the vaccine. I guess the number of companies is more than this as it is around the globe that is finding this precious vaccine and possibly cure for those that are already infected.

https://www.theguardian.com/world/2020/mar/17/when-will-a-coronavirus-vaccine-be-ready

https://edition.cnn.com/2020/03/17/health/coronavirus-vaccine-first-dose-participant/index.html

we are starting to see green again in the market. i hope there will be more positive news coming from these companies in the coming days. so the situation of what we have right now is just temporary, it is not forever that they will not find solution for this pandemic.

maydna

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I guess bitcoin will not hard to find investors after this because many people are already buying bitcoin at $4,500-$4,900, so they only need to wait for a while to sell the bitcoin at a high price. And if the price can rise so high, that means their profit will become bigger, and they will have a chance to recover they're lost before. But if bitcoin price still not increase so high, and the price comes back to the lower price, perhaps, they will buy more and more bitcoin, or they can hold the bitcoin for more.

Sadlife

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I think no, from here on out Bitcoin will be widely known and popular as an alternative investment to safeguard people's money.
If the economic crisis continues to plague fiat and stock market investors/traders then some people might start venturing to other better and valuable asset such as Bitcoin, Gold or Silver.

Wexnident

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I don't request loans~

This is just temporary. It's not like Bitcoin died or anything, it's usage become non-existent or something better than it came up ( and even if it actually did, i'd guess a split or so of investors). Mostly because of the panic currently ongoing around the globe, Bitcoin has dropped down by such a huge amount. A lot of factories have temporarily closed down, a lot of businesses started closing down temporarily as well, people have no source of income (temporarily) and they are in need of money to spend towards supplies (*ahem hoarding ahem*).

Expect that once a vaccine has been made, panic would quickly subside and the market would probably start going up like really quickly. Why? Because the most threatening problem on the eyes of the populace is gone, so they'd probably strat returning to their everyday lives. Once they see the market and it's price, who wouldn't buy it up right?

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