Topic: btc dropping more then 39% in 24/h - (Read 769 times)

I don't think bitcoin will ever go down to that low, I am not discounting the possibility but that's just too low.
Market seems to be stable now at $5,000 and we hit $10,000 this year, imagine that fall, it's 50% fall in just a month, more or less.

The real dip will be in the three-digits area, with two-digits area for those who get lucky.
Most possible scenario is between $250 and $750.
Price is being driven down by Bitmex. Bitmex leads, the market follow. As simple as that.
After buying, prepare to hold for a very long time, possibly 4-6 years until the price go back to $10k.
The halving will also break 2/3 of miners, due to the low price. So we will have a slow network as well.

We do like to invest but there are instances that we dont have any choice but to just look up into those passing opportunities because we do have
much more imporant priorities in life in means of survival specially now that lots of places or countries had been lock down due to pandemic issue.
we do like to invest but it is much more important that we should survive.As usual, investment things will always been an advantage to those people
who are capable in terms of financial.


No one do really expect for this dip and yes this is way too much horrible after all the years we've been waiting for the market to recover wayback on 3k price and now
we are almost hitting that lowest low once again.This might hold up for those accumulators into those levels but they are still on profit and its true that this time is the
right time to accumulate even more but the question is, do you really still have the courage to risk on ?

agreed, hoping the situation would pass quickly because the impact was definitely there even though it could be small or also large, just how to disclose. is a good thing if you still believe that investment is still fairly good and the market will gradually improve.
even if there is capital there is no need to hesitate to keep moving to invest in it because the best time will surely pass if we are late to uncover.

Keep your spirits up, I'm sure everything is fine. I also often sell some Satoshi because of my needs. I think the market situation will still be in this state if the conditions are still not stable, we can only hope that all this will quickly end and the market will recover.

Indeed, there is a big panic all over the world, economy is down, bitcoin is down.

When the economy is down, it does not mean forever or it will not recover, we will see it recover as vaccine for corona virus will be release soon.
That's how we should think, we are optimistic so we can also trust that the crypto market will once again recover.

I've been here for many years, this is not new to me, every time there is a panic, this opens an opportunity for the smart ones.

Amidst the current crisis we are all experiencing due to the corona virus outbreak, it would still be best if we look at the bright side as soon as this global phenomena ends. We can say that the current situation may affect the halving that is soon to come but on the other hand, through patronizing and investing on bitcoin still, we can reverse the effect from being negative to positive. It would be best if we would just keep on holding our investments so that we can benefit a lot if ever the halving makes bitcoin way better than it was before.

Maybe but I think they still hold some bitcoin until now. Maybe they are still trying to recover, but unfortunately, right now, it is not easy, and they need time to recover that. We can hope that they can survive in this bloody market so they can recover the loss in the crypto trading, and even they will make a profit. Bitcoin price still down again this time, and we don't know what will happen later, but we hope that the down of the price will not be too deep.

We are less than two months away from the next block reward halving and this sort of drop was just unimaginable. At the most, I was expecting a drop after the halving event (similar to what happened with Litecoin in 2019). But not in my wildest of the dreams I expected that BTC would lose 40% of its value just before the halving. And lets not forget the fact that there was a lot of accumulation by the whales during 2019, expecting a major bump due to the halving. All of them are stuck with their holdings now.

It looks like everything has settled down in the last 24 hours, market seems to recover and almost every coin are green. But the price is still cheap at and a discount and could still be considered as a good time to buy to give ourselves a chance to get a good ROI in the future.

And for those who have bought around $4k, obviously, its profit already. But if I'm in your shoes, better just hold and wait for a good price to cash it out.

But at least we are lucky to buy deep?this is a once in a lifetime experience because the Halving is near coming and this bear market give us a chance.

I have been waiting since last year when i have a certain amount of money but the price is too high and now?actually yesterday?i made a decision to buy at $4k level and now i am happy with the result seeing 15% increase in Bitcoin value.

Definitely a good time for those who have funds for situations like this. I really envy you people! I bought BTC at a $9k rate never knowing that this economic situation will get worse in a blink of an eye. I am holding to my coin so let's see what will happen in the next weeks of dealing after this coronavirus.

For those first-timers who want to invest in Bitcoin, this time is definitely a good time.

It is very true that the decline in the price of bitcoin is quite deep and rarely happens, we must make the best use of it. By buying as much bitcoin
that we can afford, because as we know the price of bitcoin is very volatile. So the deeper the price of bitcoin goes down, the higher the price rises.
And if we buy bitcoin at current prices, it will certainly provide a very large profit. So don't miss an opportunity like this. Or later will regret.

It shocked everyone and people are started to be in a panic.
Though we experience a lot of dumps, it somehow it was straight down that cause panic and it is really bothering especially when you bought Bitcoin at a high price and might think of selling also. This coming halving isn't making a reason to see and think that it helps to change the direction if most of the crypto holders are still selling their coins and bullish that we are waiting for is might to failed again.

dont forget that all those other markets have higher value than the crypto market.

We shouldn't forget so quick that, the current price of Bitcoin could be deepen than this because of the status of coronavirus which has made many individuals and institutions sell off their portfolios for the fear of global recession. Many of these institutions are forced to stop in the name of stopping the spread of the flue to others. This will be the best gift to mankind from the cryptocurrency, those who  will be ignorant of this happening might live to regret their actions in the future. When the market recover, the holder's will have their smile at last. Long-term holding will be the best option at a point like this.

This is one of the biggest single-day falls Bitcoins even though this is not the biggest decline this is the worst in the last 5 years. Quite alarming, but this is not only happening in the crypto market. but almost all the stock markets in the world experience the same thing, including gold, with different percentages. Here is the information
_{source: https://t.me/ico_analytic/1688}
This proves that BTC is the most volatile, so we must always be ready to face extreme changes if involved in it. The anticipation is to not easily panic, use the right strategy and train our mind to deal with the risks of each decision taken. This is indeed a good opportunity to get some potential BTC and altcoin with a big "discount" but don't be careless because the changes due to this virus outbreak are quite extreme.

yes of course, the right choice to start storing backups on Stablecoin supported by GOLD.
The price of GOLD in the last few weeks has increased.
The right stable and can be a safe choice is Digital GOLD which is fully supported by physical gold tokens based on Ethereum ERC-20 platform.

DIGITAL GOLD
https://gold.storage

In this current market and situations happening around the world panic sells is expected but what important is making the right decision after selling ones holding because fiat currency are not also saved in this kind season and i see stablecoin backed with secure previous metal (Gold) as the right solution.

Quite alarming yet exciting, if we see the price moves within 24 hours then we might see another positive price movement within 24 hours as well but let us not be this over react. It is surprising at all, especially for almost everyone that thinks that the crisis around the globe could help the price of cryptocurrencies soar to the moon. The lowest price I've seen is at $4200, would it be another great time to buy? like there is no reason to sell of the bitcoin with so much lost you've got.

We cannot totally say tho, but the panic I see from people is a reflection of how people behave during the crisis so it might be the very reason of plummeted price.

It feels like everybody is cashing out their bitcoins while they can and while there are channels through which they can receive the cash. It might not be the case but with the way things are going right now, it seems that everyone is busy panicking while forgetting the fact that a lot have actually survived after contracting the disease. The stock markets are also getting rough lately so it's not just the crypto market that is experiencing the bloodshed. It's just crazy that a few weeks back, we are still speculating for a breakout to possible $13000 ranges and up, but boy what a turnaround it was.

A few days before no one could have thought that they could buy bitcoins at 5000$. And today you can buy bitcoin cheap which you may dream to buy at such low prices. Everyone knows this is just a panic selling because of virus or overall negative sentiments of the market and this will not last long. Soon bitcoin will bounce back hard and those who bought at such low prices will really enjoy the profits.
Also halving is nearby, so fundamentally bitcoin is very strong although TA does not look so good at present moment.

Absolutely and i believe crypto investor should have understand that the price of the market wont stay like this for long and the better option is to accumulate more coins when cheap rather than alarming or worried about the market circumstance. Besides, every market setting are experiencing loses which we all the reasons behind and i hope the whole COV end this month or early next month.

It was a bit alarming since it just all happened in 24hours comparing it to the previous dump in the market there was a big difference in this dump and probably a big loss for a lot of the bitcoin investors especially from exchanges this market price dump could really have a big effect since their profit came from bitcoin they could easily lose a bit amount of money if the dump continues, for sure it would take a long time to recover, I also heard some exchanges stop their trade because of this dump.

I think one of the main reason could be the Covid 19 virus since it already affects a lot of countries and continue to spread until now surely it affects a lot of companies and business, also the community where people get quarantine because of the virus.

Still, bitcoin could easily recover its market price since this is a big opportunity for the investors to reinvest for a big profit in the future. Even me is having a second thought since the market price is a dump to almost 3000k that is lower compared to the previous dump, meaning the lower the dump the higher the profit in the future.

A lot of panic occurs when the price of BTC goes down through the price of $ 5k.
The market may recover after the covid-19 outbreak disappeared, but reserve funds are one of the reasons why people don't buy deep prices.
People still choose to save their money on FIAT and wait for the market to show bullish signs.

Having a lot or a few funds for now is very good and appropriate to buy some bitcoin and wait for prices to recover. This is a drama made by Whales and we as small players have to hitchhike on Whales back.
Good luck

Having read through these posts in the topic, there does seem to be too much of panic investors trying to cash out what they have invested. US markets and traders always play a major role in the upliftment or the losses in crypto market. Well both the stocks and crypto has wiped out in a week, the remaining safer asset class which hasn't experienced severe downtrend are precious metals. The current trend could be seen as a positive way to bag up as much bitcoin as you can and can very well become a wholecoiner as well. Precisely COVID-19 has been one of the factor for the widespread sell-off of both the stocks and bitcoin, but if you have played the game correctly you wouldn't have faced much losses.

Personally speaking, I bought some stashes of USDT way back when bitcoin was trading at $9000-$10,000 area. Recently I sold them off and bought bitcoin. I have been repeating this right from 2018 major dump. When we had a major 2018 crypto dump, I never invested in bitcoin. But rather bought as much USDT as I can when bitcoin touched the levels of $6500. When it was trading at the 2018 low of $3500, I again invested in btc, wiping out my USDT balance and traded them back to USDT during the 2019 major pump in June.

I would continue this up until I have few stashes of btc for long term storage. Neither of us should have a long term investment on btc without trading unless you have accumulated some decent whole bitcoins. Trade actively, increase your holdings and take out what you have invested. The remaining amount (>1 btc) should be loaded on a Ledger Nano S and should go inside your safe vault.

VERY WRONG, there are more than just 2 the possibilities you list here, which tells me you are not even thinking rationally.   HOPEIUM is a very bad thing for an investor...

(3)    Bitcoin is a BUBBLE, and all bubbles pop, and wise investors are getting out before BitCoin goes down a lot more.   The LIE of BitCoin being Digital GOLD is now exposed, and when a lie about an asset becomes apparent to everyone, the price collapses.

HARD FACTS

There is no sane reason for the price drop except that everyone else is capitulating. People have been asking for lower prices, now they have it. Time to buy.

Very well said!
I really like your idea of keeping a certain amount of funds separate to buy valuable assets on such a pandemic situation.
It's quite obvious that this Covid-19 outbreak has taken the stock and crypto market by storm and has drained it very much.
One thing I don't understand is, if people know that the market will soon recover after the outbreak of Covid-19 then why aren't people buying these dips.
May be the market is shaking of the weaker hands or something. I am surely putting in all of my "side savings" into buying valuable stocks and bitcoin.

We’ve already started to see a slight recovery. There’s no need to panic, do the opposite of what the majority are doing & buy. The price is low, it won’t stay this way.

nice to see you guys being positive in terms of such critical situation like this .

 this also helps people to have a confidence to invest instead of being afraid and completely staying away after seeing some massive drops at a short period of time . 

if i have the money i wont hesitate to buy more even at a smaller chunks but sadly im also on a tight budget lately and im thinking that im selling some of my btc for a while in order for the preparation too on the said lockdown/quarantine on our place .

Yep right, if buy at the price of 4.1k$ then in a day already get a very large profit if sell it now, and falling prices like today seems to provide an opportunity for people who have spare money to buy a lot of bitcoin. Keep thinking if bitcoin is a long-term investment that can bring big profits. I will still hold until the right moment to sell it.

From what I saw earlier, in CMC,
The market price fell down to 46% within a day which is somewhat scary because many people did not expect for such thing to occur within a sudden because on the previous days, although there is already a decrease in the market price it is not as much as what we have seen today.
Selling won't give us an advantage, it won't cut down the loss but rather, it would make the loss permanent, cutting the opportunity to earn profit in the future once recovery take place. We don't have certainty of when will recovery occur, but chances are high that it would, so we better be patient. Take this time to invest because this is again, a good opportunity to do so knowing how low the price of Bitcoin is right now.

It is hard right now but for me, having cash (fiat) is better. This is my mistake because I didn't keep any fiat money to be use in buying Bitcoin right now but MEN!!!, that drop on Bitcoin within the past few days is just unexpectable.

Drastic and at the same time unexpectable.
The COVID-19 also have an effect on it because all of the markets in the world are going down right now even the US markets and crypto market but for me the main reason why it dropped is because of the leverage exchanges. There are many longs who got liquidated.

P.S. There is one asset that isn't affected that much right now even the market is bleeding and that is GOLD.

Well, we need the help of the whales right now to push the prices up. Lets just ride on it. Many are expecting too that as soon as the halving is coming, prices will rise and after that it will go down a bit and then it will go rise up again as it happened in the past 2 halvings.

This is hard to believe, I never saw this situation before. Yeah Indeed I was new to be an investor, just came at 2017 ago when bitcoin price got hype and until now I'm still learning how to invest well and manage my money as much as I can, but now I really broke. Just in one day bitcoin price almost fall in a half, how cruel it is.

I'm still trying to hold my fund and I'll never sell it because it will be wrong. Also, I just thinking to loan money as much as I can because I'm consider that this situation is really good to enter. Bitcoin was in the good situation before this crash came, I believe when this situation end bitcoin will up again.

As long as the Corona continues, I reckon the downtrend will continue especially after the halvening happens.

Even the majority of the markets are taking those huge Ls.

I wasn't surprise that it fell down to $4500 but it dumped too soon. This is affecting the market, not just the market but also the economy. We are all aware that this is how volatility works. Especially NCOVID has a big impact also in this crypto world. Anyway, the market will still recover. And this bloody  market will also be our opportunity to invest and buy more.

Sad to say that most of the people didn't expect the drop of Bitcoin today due to Covid.

But it's good news for those people who wanted to buy bitcoin again and wait to solve the global crisis and the rise of the market.

Those investors that didn't panic sell are investing a lot of money, that's why they aren't afraid of losing it.

There are two sets of investors right now,

(1) Those who panic sold-off it not everything, afraid that the price will continue to fall, we can't blame them.

(2) Wise investors, who look at the bright side of things, never complained about the price crashing, on the contrary look at it as an opportunity.

We have a choice, do it correctly!

I seriously got rekt i thought it would bounce back to $9100 and bought at $7700 didn't bother to put any stop loss because i thought the price was oversold and there was no power to bring it to the downside even more. Right now im not selling, because im still hoping that BTC would pump after this. Hopefully the CME gap comes to play this time.

I don't think that the big whales are the one who are behind this major dumping of the bitcoin and the market, this probably because of the down of the bitmex ledger who became lose around 2000 bitcoins and that would be really the major issue why the bitcoin suddenly dump on about 39% for just the last 24 hours.
Don't see this as a burden but think that it is a opportunity on us to buy a huge amount of bitcoin for the future happenings in the market.

And so does the whales are riding the pandemic, I guess they are trying to manipulate the market. Though the dump is caused by the people panicking as well, but isn't it the situation where we're in right now is the best entry point not only for the cryptocurrency but with the stocks as well?
Now, I can see why the media has been over hyping the news, to destroy the market and make the rich become even more richer.
Therefore, you are correct, we just need to ride it, because we're just riding with the whales' flow as well.

Today we are facing a large crisis about the market price of the bitcoin and now from the previous weeks of the bitcoin it already falls down rapidly form the previous price of 9000 dollars it is already falling for over 7k dollars that were huge within just a single week and now the price of the bitcoin continuously decreasing and that was not good news for the people who made a lot of investment at the early price of the bitcoin but still it is a good chance for having some extra income and profit with the use of market lowering the price because now we are facing that the price of the coin goes down for over 3.9k dollars and it is good if we make investment so we can earn more profit when the halving is coming and now we are recovering the market price of the coin and hoping it is increasing rapidly over  15k dollars.

Oh, i even logged in here after a year to just raed all FUD here. You are guys like panics so much, not first and not last drop. But situiation is really not so good actually

Down 4 39% in 24 hours is not normal, this only happened because of panic, and therefore when the panic is over bitcoin will be back to its good price.
I have some spare money and that's definitely what I should do, bitcoin being down significantly means opportunity in front of us.

Today is truly a unlucky day, not only for crypto exchanges but also entire the economic over the world. Bitcoin loss their 40% value, Corona become pandemic a few days a go, and I just lost my f*cking key of motorbike.

Yesterday, before I go to sleep I checked the price of bitcoin and it's around 6,000$ but, when I woke up I found out that the price is now around 5,100$. I'm sure this sudden big dump on the price of bitcoin will cause panic to others especially to the people who bought bitcoin on the price of 7,000$ - 8,000$+. This time might be a good time to enter and many of us will use these chances to buy more bitcoin and they will gonna hold it until the price recovers. I'm gonna use the money that I save to buy some bitcoin and maybe I will wait for more couple of days before I buy because there's a tendency that it will fall again just like what happened a few hours ago.

I've totally seen a full bloody market right now and I'm hoping to see a good market before the halving now and just stay safe guys.

A big dump already happens, but we don't know if the situations will happen again or not, but now, bitcoin price is trying to rise back the price, although it is hard to predict if the price can be back to $7000 or not. We see the bitcoin price now at $5300 after we reach $4493, according to Poloniex, but everything can happen later, so we need to be patient for a while. I am sure there will be a big pump that will happen soon that will make the price increase again because this time, people still got worried to see the bitcoin price decrease again.

"Buy the dip". is a very nice word that I have heard for years. Have you ever stopped to think that if outside of China the cases of coronavirus are in their initial stages of contamination and the prices of the markets are falling worldwide, what will it be in 1 month when things are at a much more serious level? this is still not the worst scenario, so "Buy the dip" may not be good advice at these times. The best thing to do is to observe the next 2 months. You can tell me: "people can buy now for the price of $5000 and Hold for 2 years ..." if it were 4 months ago you would be right, but now the question is about survival, people's lives are at risk and and the worst scenario we will see from 30 days where hundreds of people will be infected and governments will have to take tougher measures and the panic will be even bigger than this current panic


this is a chaotic situation, I wonder how much loss people are taking because of this situation

Unfortunately I don't have money to buy some cheap bitcoins right now.Nobody knows where the price bottom will be.I guess that everybody is selling their bitcoins and getting some cash in order to buy more food and other important stuff.The market "sheep" ( the traders,who don't have any strategy and don't know what to do) are just panicking.Maybe the crypto whales are panicking as well,or they will deliberately crash the price waiting for price bubble during the winter.

Yeah! It hurts the most of us so bad because I'm pretty sure no one want's a lame market, 2020 s*cks . Imagine, we are approaching the bitcoin halving but we fall down again. I feel sad that we lose our momentum so I think we will not land on the moon in the near future. I don't want to become so negative but I'll understand if the price hike caused by the halving this year will not that so big due to the pandemic. Nevertheless, I'm ready whatever wilk happen. I'm just sitting here and continue observing.

I think there was some kind of mix up with the concept of the Halving, because it is not supposed to be the price Halving with 50%, but rather the BTC reward in mining that is supposed to be halved!!!!

I have seen many BTC dumps, but this one is hurting! Earlier this year we started with a price around $7000 and dropping below that now, is a bit of a ball breaker for a lot of us, but we have seen this before and we survived the previous dumps, so this is just going to be a repeat of that.

The Bull market will come again and we just need to ride it out and buy more cheap coins, before that happens.  

Ps.. 14th of April 2019 the Bitcoin price was $3878 and look where it went 2 months after that ---> $12900. 

This is due to the corona virus crisis. most btc traders will definitely buy btc now and sell in the future when it rises. its a good business move.

Yes, I agree with that. I am not going to buy, though, because I have enough already, and over the last couple of days I lost a lot (if we're counting in USD). I think that if not by, we should at least hold since selling even more out of panic or greediness (to buy at a lower price) might be too much of a hit, and it'll take a lot of time for Bitcoin to recover after that. It's not just Bitcoin that's going down, it's also S&P 500, for instance. I guess it means that crypto traders are at least following closely what's going on with the stock market if they're not the same people trading there.

All markets are filled with blood.
The strongest support at $ 5k can't hold BTC down.
even today the BTC reaches the lowest price around $ 4.2k.

Fundamentally BTC is able to go back up with the support of several events that will occur before halving arrives.
and the peak can indeed occur before halving BTC or when halving BTC occurs. Halving BTC first and second shows that BTC has experienced a significant increase, hopefully in this third halving BTC is able to reach a new ATH.

source:Halving Day

let's see . if it's happened, every county will jump into the bitcoin or crypto-currency and it can increase the price of the bitcoin. Also this correction can be stopped.
yeah, i am agree with you that bitcoin is a hard asset and it's the alternate of fiat currency, also the solution of the problem of fiat.

your word is right but all analysists aren't sure at there prediction because they also can be wrong. They just analysises the bitcoin price from there past experience and history of the bitcoin price movement. In the current situation , anything can be happen .But we have seen the past price movement when bitcoin halving's happened. In the past, we saw that there was a correction before one or two months of bitcoin halving. when the bitcoin halving's happpened, the price of the bitcoin started to grow.

At last , i just want to say that everything is unpredictable when it comes to the crypto-currency ecosystem.  

The virus is just the pin that pricked the bubbles created by the reserve banks. We have never had bubbles of the current sizes, and the collapse is being manipulated by various powerful elites. It is difficult to know who will win. The fiat currencies are likely to revert to their true values of zero, but this could be a slow process. What is obvious is that we should be buying hard assets to preserve wealth, and I believe that Bitcoin is a hard asset.

Basically , it depends on the world economy and bitcoin whales. If bitcoin price goes under the last bottom, whales can appear to increase the price. But we can say from the history of bitcoin movement that everytime there is a correction in the price of bitcoin when the bitcoin halving about to begin. After the halving , bitcoin's price also increase. This time , it can be happened or not because of covid-19 virus.

The bottom can also be $3500. or $3000. or $2000. or $1000. or $4800. That's the point. The point is that no one knows what the bottom is that's why it's not recommended to try to time the markets but it might be a better idea to simply average down instead. A lot of people think that they know what the bottom is just by putting lines over a chart.

Why not? It makes sense...

The bottom can be $3850 as there is sudden price jump after that. Besides, my opinion can be wrong because of the covid-19 virus situation . But let's see what will happen next. As none can predict the right price movement , we just need to wait . But if there is any bottom less than $3300 , it can be a threat to the bitcoin miners. Because the cost of mining 1 bitcoin will be higher than the bitcoin price and miners will be lost.

Okay Mr. Crypto Nostradamus. Because Taking a look at past market movements can predict future price movements right?

What? how do you know if this is NOT the right dip then? there's just no way that you would miss this opportunity. Opportunities like can't be miss because of the way market moves. When you consider the future of Bitcoin, then you should see that $5,000 is nothing compared to the future price of Bitcoin. We've already seen Bitcoin go pass $10,000. With the right trend, we could reach that again.

it is 44% actually and not 39% the lowest,but also climb fasts with 155 in just an hour,if happens that people has a Big funds and got to buy that dip?he is gaining 155 just by now.

this is good for the long term holder because for sure if price Hit 15,000 again then this is more that 200% profit?

but the Whales in my opinion has the big Part of this drastic fall because they took advantage of the situation and bring the market falls more than the effect of Convid and now again making some Good pump to bag another money if they will drag down later.

there are two strategies people choose in bitcoin market: long term investor and short term trader.
in both strategies this current price is the excellent dip.

for the long term investor this is about 50% below the price that was reached and considered natural. anything below that is below the intrinsic value of bitcoin and is considered a big discount. a long term investor cares about accumulating for long term.

a short term trader wants to make profit from short term fluctuations. when there is a gigantic "move" there will always be a correction. the "move" can be a rise or a fall. in both cases it creates an unnatural state which needs to be corrected (a bubble and a reverse bubble both needing to burst) so buying at that unnatural state means a good profit at the recovery. of course for a short term trader things are a lot more complicated than that, i'm mostly simplifying it.

I know that you're just describing Covid-19 and belittling it with courage but it's not just a silly flu, it's a serious disease that affected all of us. The lives of every single people who's been in line, the sources of our income and other stuffs are all affected.

I do agree on this.

I have read some people that became wealthy after the last financial crisis and this is just another opportunity that's open for all. Once the virus has been stabilized and cure is already been sent to the affected countries, everything will be normalized.

The best time to reinvest.

A lot of mt friends are panicking not just because of the price going so low but also because of the lockdown that is happening here in our place. We can't really travel anywhere but just inside our houses. We bought a lot of stuff so we can sit still in our houses for a long time since it is almost 3 weeks before the lockdown will be lifted. Bitcoin will go up and it is not giving us the best chance to do so.

this is the best thing you can do buy as long as you can there is no way this kind of situation will back again. this is a chance to buy more and stock more btc if you have available funds to use for buying it.

Well the halving is to near buy in the deep if there is another deep then buy again do not panic the same with other's . We are holder's and it will give us oppotunity to earn much higher for long term hodl.

A drop in oil prices can also be just one reason for the fall of all markets. Apparently, there are a lot of these reasons, and in total, according to the domino effect, they gave such a result. The situation is very interesting: the price of bitcoin now is $ 5,166, and ethereum - $ 123. We also do not yet know where the bottom of such a fall will be. For those who have free cash and non-cash money, this is a chance in the future to make good profits.

Look at the graph in this post and you will understand everything: https://bitcoin-post.ru/40-pochemu-upal-bitkoin.html

It's possible that the price could fall down but at the current rate, you are already getting at the best price.
Bitcoin rise $10,000 and over this year so far, we are all getting 50% discount already at the current price and we know this panic will stop soon because it's possible that the virus will be contain and the economy is back to normal again and people will again continue the hype of halving.

I can already imagine the big pump happening in the future 

Missed the bottom as always with not having last minute balances. By the time, the fiat balance appears in the account, the price movement generally reverses.
It has been a bad few months for me as i actually started investing. People keep telling me that you cannot afford not to save/ invest. I had the the over-optimistic "Money will come if you keep working" thought process. Seeing that it is not really working that way i decided to go invest. Invest i did in the last 2 months or so and the stock markets crashed like never before. The price didn't fell because of COVID. It fell because I PUT MONEY IN.
Sorry fellas. Will let you know when i decide to buy again so you can sell high.

In my opinion, the Corona virus is the secondary cause of the current collapse of traditional and cryptocurrency markets. Its impact is not so great. The main factor in the current fall is that now OPEC+ is not cutting oil production, since the ministers did not agree on March 5th, 2020 in Vienna. As a result, large investors decided to cash out all their assets including cryptocurrencies. That's why Bitcoin dropped to $4500 (-50%). I think this is a good opportunity to buy cheap coins.

Yeah it is, for those who are lucky to have extra funds and fiat this will become a bargain and huge sale. I am stuck with my btc at the moment and nothing I can do which is totally unfortunate. Even I wanted to convertI cant force myself to cut a huge loss.

Problem is we cant see until when this drop would end. But as a long time holder, all we can do is wait for its recovery. People relying their lives on crypto should think twice to find a good way instead of this cause this volatility is really unpredictable. It needed less than a day to make the price cut in half and thats very scary especially for traders.

What the hell is a "right dip" even lol? It's a price drop regardless if it's the bottom or not; hence a very good opportunity to buy in(compared to weeks/months ago at least) for long-term holding. And yes, even if it could drop further because there's no way to know what price is the bottom.

True, if you are really into long term hold, then this is the second best time to buy, the first time is like 10 years ago. -46% is really huge drop, but we can't do anything about it. The panic has spread across because of the corona virus scare.

So if you have extra funds and willing to invest for a long time, then this is a great opportunity. Specially that the halving is coming in May.

And for those who dumps because they are afraid of what is happening around, I would say that you guys doesn't deserve 50x-100x returns in the future,  

At least the price just had a halving 

The time to buy is definitely now when there is blood in the streets and the fundamentals haven't changed.

Having a reserve fund for a situation like now where BTC has decreased by 40% would be very useful to buy at a lower price.

A 40% reduction in 24 hours is very drastic.
Maybe this is some effect about the Corona COVID-19 virus that makes the world chaotic including the digital currency bitcoin.

But Whales also took advantage of this opportunity and provoked prices to continue to fall, thus creating drama ahead of the halving that will occur in May. Whales makes a drastic dump and then pumps to get more profit.

This is the right time to enter the bitcoin market, before halving happens.

Nothing we can do now is to Buy much more as the chance for each investors is indeed,we stayed at more than $10,000 value this whole February but because of this Virus market falls so much Low that no one can sell.
actually i expect price downtrend but not this Low ,now as i am typing the Negative is %42 and still downing.
maybe i will need to Buy Bitcoin and ethereum now and just forget market for at least 2 months,lets see what happens next.

How do you know that it is in the right dip?

Got money to spare?
Buy the dip and keep your stomachs cold summer..


Lets not let a silly flue take over the entire global financial market even more than the media already has.
Comparing this to the 2007-2009 western financial crisis. I would say that this is a great time to get in, as crypto's top1 drops alomst 40% in less than 24 hours(followed by pre smaller drops) thanks a massive panic sale, as countries starts to lockdown themselves in order to contain the "Corona"- virus. Fonds are forced to sell of assets to have cash in hand.

latest news is that EU companies now are forced to prevent any spreading of corona.
and the US wants to terminate every travel TO, yet NOT FROM  the us area.
(of couse sourcescan be brought i wanted, but shouldnt be needed.)

anyway.. lets not forget that this so called COVID-19(a.k.a Corona Virus) is just an altered strain, which genetically reminds of the SARS virus outbreak, but only has resemblance of  a weaker "general un-understood"regular  flue.
I would deffo reccomend long termers to abuse this situation and get in on the market before it all turns back to normal.
 
best regards