Topic: Bitcoin declined 3% as the coronavirus spread in italy (Read 901 times)
Initially it could be. However, this is not to be. The market may be a little down for any reason. However, people can not get out of the house now.Because of that, the price of bitcoin needs to rise. Because of this, everyone is sitting in a hurry to make a transaction.
I don't think so it's a results of the novel Corona Virus or COVID-19. Why when the Corona Virus (COVID-19) began to spread greatly in China or in several nations round the main long stretches of January, we do not perceive any dumps there while we are only able to siphon above $10,000 previously.
I truly don't perceive any association of Corona Virus (COVID-19) spreading in Italy on the continued Bitcoin dump of around 3%
I truly don't perceive any association of Corona Virus (COVID-19) spreading in Italy on the continued Bitcoin dump of around 3%
Obviously Corona Virous has been putting negative impact on crytocurrency market. Most of the top coins also declined but has recovered slightly. Trade volume in every exchange also declined as an effect of corona because people are either silent for staying home or for losses they suffer. I hope this will will over.
It’s obvious that Coronavirus led to the fall of Bitcoin market earlier this year. I have seen some people who keeps saying that Coronavirus is not the reason, but I am not going to believe all they say. I do know that there are other things that caused the decrease, but Covid-19 was part of it.
There are other things that contributed to the fall for sure, just like the oil war that I have seen some mention, and maybe the plus token scam. If you check, Bitcoin started falling when the pandemic got really serious, and same thing with other stocks in the market. So I don’t really get why anyone would say that the pandemic wasn’t the cause of the fall.
There are other things that contributed to the fall for sure, just like the oil war that I have seen some mention, and maybe the plus token scam. If you check, Bitcoin started falling when the pandemic got really serious, and same thing with other stocks in the market. So I don’t really get why anyone would say that the pandemic wasn’t the cause of the fall.
it is considered now,or i don't know if this already happen as US are planning to print more money to cover the economic fall.
US have already print $2 trillion for the pandemic, and I'm not sure if they'll print again, but the amount they printed is a big amount of money. based on the article, https://www.washingtonpost.com/business/2020/04/05/what-2-trillion-coronavirus-bailout-is-really-going-cost/
Quote
Americans will pay the price of the economic rescue package: Not in higher taxes to service the debt or higher inflation, but in a slide toward a boom-and-bust economy.
I think we should not let ourselves be affected by this article.
The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.
This volatile behaviors really affecting the market, negative news pays it impacts and we can't blames those who are afraid from losing money.The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.
This decline is not because of the issue from italy but consider the major part of the world is really being infected and many people are trying
to survive from this pandemic virus.
And, no. I don't think the pandemic really affects the price of Bitcoin.
People are panicking, caged at their houses and just going out of their cages to buy essentials that could last until the pandemic stops or when the government says so. I can't even cash out some of Bitcoins right now since money remittances are jammed pack with people receiving money from their loved ones from other countries. Just read the PlusToken scammers that are putting their scammed Bitcoin into mixers, that is the real reason of that dump.
This situation with pandemic influence all parts of our lives because it has domino effect on multiple areas. Probably in some way that affects cryptocurrencies market also but at this moment it's hard to tell exactly how and in what extend
Also, people are afraid many have lost their jobs and many will so it's understandable they need some kind of alternative for their finances. Some think Bitcoin can be solution but they are too unsecure to hold so they sell. On long term that might affect the price of Bitcoin too.
On the off chance that there's a connection between these occasions, at that time as i might see it is not exceptionally enormous. i might recommend this is often an easy amendment, or this tiny decrease was influenced by some different news that might legitimately identify with digital currencies.
lol the "Tiny Decrease" that you are saying is just the start because after few weeks the price of Bitcoin drops to more than negative 50% and until now the effect is indeed so don't just look at the topic but instead check the situation now.The virus probably will lead to a lot more money printing from fed & EU so likely will drive up price of btc.
it is considered now,or i don't know if this already happen as US are planning to print more money to cover the economic fall.
On the off chance that there's a connection between these occasions, at that time as i might see it is not exceptionally enormous. i might recommend this is often an easy amendment, or this tiny decrease was influenced by some different news that might legitimately identify with digital currencies.
I think we should not let ourselves be affected by this article.
The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.
This volatile behaviors really affecting the market, negative news pays it impacts and we can't blames those who are afraid from losing money.The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.
This decline is not because of the issue from italy but consider the major part of the world is really being infected and many people are trying
to survive from this pandemic virus.
And, no. I don't think the pandemic really affects the price of Bitcoin.
People are panicking, caged at their houses and just going out of their cages to buy essentials that could last until the pandemic stops or when the government says so. I can't even cash out some of Bitcoins right now since money remittances are jammed pack with people receiving money from their loved ones from other countries. Just read the PlusToken scammers that are putting their scammed Bitcoin into mixers, that is the real reason of that dump.
https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy
As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?
We already know that it might be one of the reason because with the pandemic destroying people's lives, even though there might be a lockdown, people are fearing for their lives so using Bitcoin right now is not a priority for them. We know Italy is facing many deaths everyday and the actual reason for this is because of the virus which has many reasons for someone to have. The virus caused the people to be wary of touching anything such as their phones or computers, and considering their population, that is the 3% we are talking about.
The virus probably will lead to a lot more money printing from fed & EU so likely will drive up price of btc.
https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy
As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?
I see no direct correlation between these two factors. In fact, why wouldn't the price go up cause of this situation? I don't quite see causal patterns here
Frankly, I'm disappointed. Super bad economy. Iran-US and China-US tensions. Joblessness. Hyperinflation everywhere. Negative interest rates. Zero reserve requirement. Stimulus package. Pandemic yet to peak.
And STILL Bitcoin bears only got us down to this price?
Bitcoin: come at me brah!
And STILL Bitcoin bears only got us down to this price?
Bitcoin: come at me brah!
Lol funny how this 3% then eventually turned out to be a more than 50% drop. People started to panic when they started to see the drops. They started to fear for their investment when they started to see the kind of news you have posted over here. Not only this, as the stock market and the economy also started to crash, the price of the bitcoin also started to fall as people thought crypto currencies were going to face the same fate as the stock market which actually ended up happening as more people started to sell. At least it started to recover and is above $6,000 USD.
https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy
As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?
how i wish that i did get that Virus effect so i have sold my Holdings before the 50% dump happens maybe i am double profiting as this moment and what more when Conora spread stops and the Halving brings us the Bull market again.
But things will never always favor us thats why we need to keep the Holding as long as we can specially in this crisis that we are all in financial problem.
https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy
As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?
Since the outbreak was confirmed a few months ago, the exchange rates have fallen by close to 40%. And this is comparable to the drop we had in similar markets such as equities. Even crude oil has lost more than 50% of its value. Until the situation is contained in major economies such as the United States and the European Union, we may not witness a recovery in the prices.
The coronavirus does not too much effect to the market price of the bitcoin because once you check the background is the graph is bitcoin it is worst from the previous year because on the year of 2019 the market price of the bitcoin on the exact date today is holding into almost 5k dollars and compare today that is already 6.6k dollars but it is slowly increasing day by day and many people say that the price is the bitcoin is low because of the corona because some of the people made a panic selling and buying a lot of food, mask and more just to protect themselves and family.
As of now, it's not only based on Italy but in the entire world, this global pandemic has destroyed our economy but not our crypto market. I agree with you that the market looks strong now and it seems like we have a very promising future, bitcoin has slowly recovered and I like to believe that the next move will be uptrend, the thing is, people are still investing now and that's a great thing for us.
Who knows bitcoin might pump tomorrow, and I would not be surprise with that because I get used to it.
When people less expect the movement, it did happen, and I can only imagine the hype that would happen if indeed there is a pump.
The coronavirus does not too much effect to the market price of the bitcoin because once you check the background is the graph is bitcoin it is worst from the previous year because on the year of 2019 the market price of the bitcoin on the exact date today is holding into almost 5k dollars and compare today that is already 6.6k dollars but it is slowly increasing day by day and many people say that the price is the bitcoin is low because of the corona because some of the people made a panic selling and buying a lot of food, mask and more just to protect themselves and family.
There’s something I really want to understand here – the price of BTC managed to get back up from as low as $3,850 to the current $6,600 and nobody said anything about. But, now that the price is down just a bit (3%) you’re already asking what could have lead to the decrease lol?
This is cryptocurrency and cryptocurrency is volatile, so you should be expecting price fluctuation at any moment. If you think that the price will keep going up all the time then you’re making a big mistake because that’s not how it works, there will always be ups and downs, the price can’t be stable. So we shouldn’t be talking about Covid-19 by now, yes it happened and it affected the market to this extent, but the market is already recovering. Stop tagging every little thing as Covid-19.
This is cryptocurrency and cryptocurrency is volatile, so you should be expecting price fluctuation at any moment. If you think that the price will keep going up all the time then you’re making a big mistake because that’s not how it works, there will always be ups and downs, the price can’t be stable. So we shouldn’t be talking about Covid-19 by now, yes it happened and it affected the market to this extent, but the market is already recovering. Stop tagging every little thing as Covid-19.
https://cointelegraph.com/news/bitcoin-traditional-markets-drop-3-as-coronavirus-spreads-in-italy
As the coronavirus spread in Italy recently, bitcoin market has dropped 3% and also the traditional market including all the top ranked cryptocurrencies. Can coronavirus spreading be the cause?
At a time where there is a pandemic, people have been reluctant in trading as they pull out their investments. People know that when manpower is moving less to not even moving at all, then there is little activity, when there is little activity, there is little income. I think it’s a domino effect as to why there is a great depreciation of value.
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