Topic: 60% Wiped Out - Will Bitcoin Have a Hard Time Finding Investors After This? - page 3. (Read 580 times)
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.
March 17, 2020, 04:29:41 AM
btc as the whole market is still bit down. We can't say in could get well after recent 2017-2019 crisis
March 17, 2020, 04:19:33 AM
This plummet would surely hurt the investor reputation of bitcoin but I think there are a lot of oppurtunity for the bitcoin to rise again, be patient and it will go skyrocketing again (I hope). We don't really need to lose hope. This pandemic will be over in a no time and when that happen maybe a spike will happen.
March 17, 2020, 01:30:40 AM
It’s good that he predicted the crash, but I hope that he understands that it’s not just bitcoin but every other stuff that there is because the current economy now is different and there are a lot of people cashing out there earnings for the need of supplies to last this type of event.
For the investors in bitcoin, I think it still necessary to consider the the fact that it is yet the number one cryptocurrency, and it’s going to be mined continuously, and even if it goes down in value, it will still be a good asset in my opinion.
For the investors in bitcoin, I think it still necessary to consider the the fact that it is yet the number one cryptocurrency, and it’s going to be mined continuously, and even if it goes down in value, it will still be a good asset in my opinion.
March 17, 2020, 01:19:39 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.
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.
I agree to what you are saying but you forgot another important aspect.
Global economy meltdown -2008
Bitcoin invented - 2009
Covid 19 - 2019
Global economy meltdown -2020
If Bitcoin can survive this meltdown which is going to be big then it will be immune to any such issue. This is the perfect time to test it. This is the reason why it was invented in 2009.
I am hopeful it will survive..
March 17, 2020, 01:02:05 AM
The last crash was 80%+ and we recovered back to almost $13 000 in the next year. Why would a 60% drop in the price be any different now? Global stocks and shares are taking similar hits now, so everyone are feeling the same pain.
Things will bounce back and we should rather focus on the investment opportunities that are being presented to us now, in all the low prices that are on offer. I bought some bitcoin at $4890, because I know I will make a profit on those coins in the near future. < If it goes back to $9000 to $10 000, I will make a 100% profit>
Things will bounce back and we should rather focus on the investment opportunities that are being presented to us now, in all the low prices that are on offer. I bought some bitcoin at $4890, because I know I will make a profit on those coins in the near future. < If it goes back to $9000 to $10 000, I will make a 100% profit>
March 17, 2020, 12:47:48 AM
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-selloff
Add those two and the answer will definitely reflect on Bitcoin's price.
Yes, the plustoken scam and dump had the biggest impact, lossing billions of dollars in the market cap.
But, the panic from the pandemic adds to the burden.
That's why you can't blame these people from linking the covid-19 to the current price slump of Bitcoin.
We don't have any concrete explanation during the price went up and down though, all we have is speculations and rumors, thus it can change the market sentiments.
legendary
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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.
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.
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-selloff
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-selloff
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/
https://www.cryptozink.io/coronavirus-panicking-leads-to-bitcoin-crash-60-percent-in-hours/
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