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Topic: Can the market stand this trial - page 6. (Read 780 times)

full member
Activity: 1050
Merit: 100
March 15, 2020, 06:40:27 AM
#29
I think market would be stable in the near future. Now it's facing some crisis times with the presence of global economic problem. I think it would comeback after the major market problem solved.
Yes, the market will continue to recover after all the problems of the global economy are resolved, but not in the near future, because until now everyone and all parties are busy with the corona virus outbreak, so that first must be dealt with quickly, so that the market can return stable in the near future.
full member
Activity: 2142
Merit: 183
March 15, 2020, 06:33:29 AM
#28
This is really a big test for crypto, I mean we have been preaching that it is a safe haven, unfortunately the covid-19 scenario proved otherwise as the market crashes to almost or over 50% as you have seen. Crypto is still in its early stage, still infant as compare to other global and traditional market, but even those markets are also affected. So I guess no one is immune, when the economy of the world is at stake, everyone is affected, even crypto market.
Right now it's not, but Bitcoin will be a safe haven. As you said the Crypto Market is in its early stage. Its relatively very small compared to the Forex and Stock Markets. That's the reason the Crypto market is highly volatile. Once the adoption increases in the future, the volatility will be very less compared to the present and Bitcoin will be a safe haven even better than Gold.


To answer OP's question, I'm not sure whether the market will recover within a few days/weeks or its takes a longer duration. But I am 100% certain the crypto market will recover.
Bitcoin will become a relatively safe haven when it reaches high liquidity. If it could now directly buy essential goods for it, people would not put Bitcoin on exchanges for sale and then it would not fall in price. Now for people in connection with the spread of coronavirus there is a need for unforeseen embezzlement, bitcoins are sold and therefore the price is falling. This situation is temporary, the cryptocurrency market will recover soon.
hero member
Activity: 2940
Merit: 593
Leading Crypto Sports Betting & Casino Platform
March 15, 2020, 06:27:55 AM
#27
No reason to be panic here, this is not the first time that such will happen and I'm sure it won't be the last either, relax and enjoy getting your hands on cheaper Bitcoin and wait till market recovers
If only everybody here has this kind of mindset we will not experienced this setback, but weak investors are just following the flow of the market, if there is dump they too will dump and if there demands they are to slow to submit buy, only whales are making huge profit by playing the market, but I believe there is still hope.
full member
Activity: 1148
Merit: 101
March 15, 2020, 06:24:46 AM
#26
Bitcoin have died more than a hundred times before and yet still breathing, watching my portfolio today I realise I'm not that rich crypto kid anymore but doesn't bother me a inch, I'm even in sad mood because I don't have more money to keep buying BTC
The same thing is true for you too at this time, where I am no longer rich because all the results from the crypto that I had obtained previously I have enjoyed and exchanged it into a real form, so I also experienced a little sadness when I began to lack money to buy bitcoin at the moment.
member
Activity: 1764
Merit: 10
March 15, 2020, 06:23:43 AM
#25
I am sure that this is only a temporary drop and soon the cryptocurrency market will begin to grow again, because we all understand that it is very easy for manipulators to manipulate the cryptocurrency market and earn millions and billions, and therefore the cryptocurrency market will still grow a lot of times.
member
Activity: 504
Merit: 25
March 15, 2020, 06:09:32 AM
#24
No reason to be panic here, this is not the first time that such will happen and I'm sure it won't be the last either, relax and enjoy getting your hands on cheaper Bitcoin and wait till market recovers
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
March 15, 2020, 05:50:11 AM
#23
That question seem to be telling that you are in panic, relax, there is no doubt that the market can withstand this, it's not the first time, if you are reading news and articles, you can read that bitcoin has died many times in the past, it's not dead yet again, definitely it will recover, bitcoin holds the entire market here.
full member
Activity: 1330
Merit: 147
March 15, 2020, 05:47:04 AM
#22
Everyone of this forum even for all crypto user will have the same thing. The price of crypto especially bitcoin can be increased again. We know at this year bitcoin will meet halving event and that is why bitcoin price has increased a lot at the beginning of this year. Which I mean, if this situation back to normal the there are many chances for bitcoin price is up again, you may know when bitcoin price up then we will see another cryptocurrency will up as well. So, we just only hope that this situation will be end quickly and the people come back and buy cryptocurrency as they want.
member
Activity: 560
Merit: 13
March 15, 2020, 05:28:54 AM
#21
I hope you are not new to this forum also this is not the first time such downfall has appeared, I agree this massive dump was shocking for everyone but that's the nature of crypto currency and we are aware of that as well. The entire globe is struggling from economic crises then how can we expect a pump in crypto?

Let's wait till the market recovers and have patience, just believe everything happens for a good cause.
member
Activity: 489
Merit: 16
www.cd3d.app
March 15, 2020, 04:55:24 AM
#20
I think market would be stable in the near future. Now it's facing some crisis times with the presence of global economic problem. I think it would comeback after the major market problem solved.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
March 15, 2020, 04:22:05 AM
#19
It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where
Yes, it would be better if we continue to monitor the market and not go anywhere when the market is experiencing bad, because when popular coins decline, from that we can also take an opportunity to make a lot of profit.
full member
Activity: 2268
Merit: 121
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March 15, 2020, 04:18:13 AM
#18
The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.


optimistic there will always be a change of belief, because things like this are common for crypto. although now the decline is rather fast, but it must also be remembered at any time can move quickly to repair.
there is no solution that must be run quickly except to wait.
many effects that lead to the market is bad but it is actually a normal thing for crypto.
hero member
Activity: 2842
Merit: 772
March 15, 2020, 03:41:41 AM
#17
It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where

If you have funds at stand-by and waiting for the perfect opportunity to buy coins including BTC and Ethereum then go by it, accumulate because it is still cheap as far as I know.

Definitely, this is a big test, but I'm sure that those who have been in the market in the last 5 years have seen worst, so for me, everything will settle down in the next coming days, patience everyone, don't need to panic.
member
Activity: 476
Merit: 22
March 15, 2020, 03:31:41 AM
#16
It will be a big profit for those who are busy accumulating right now, honestly I never thought this will happen this year, crypto market is full of surprises, either good or bad I ain't going no where
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
March 15, 2020, 03:29:01 AM
#15
The market have withstood a lot in the past but what is happening right now is something unexpected,because of this the market crashed by over 50% do you think the market can recover if this scenario worsen and last for several months, what could be the possible solution here in the market.
This is the first time we experienced an event like this when cryptocurrency has been used worldwide already and this is a good thing because we know already what can happen to it when things like this will happen again in the future.

All markets that goes down will recover but it will take time for it to happen. If the virus hype will be gone in a few months, markets will start to recover and those position traders who accumulated any kind of asset right now will enjoy their profit. I didn't expect this TBH but I believe that crypto and all the markets will recover in no time.
full member
Activity: 1148
Merit: 116
March 15, 2020, 03:00:23 AM
#14
Bitcoin have died more than a hundred times before and yet still breathing, watching my portfolio today I realise I'm not that rich crypto kid anymore but doesn't bother me a inch, I'm even in sad mood because I don't have more money to keep buying BTC
sr. member
Activity: 1050
Merit: 416
Buy Bitcoin
March 15, 2020, 02:50:24 AM
#13
This is really a big test for crypto, I mean we have been preaching that it is a safe haven, unfortunately the covid-19 scenario proved otherwise as the market crashes to almost or over 50% as you have seen. Crypto is still in its early stage, still infant as compare to other global and traditional market, but even those markets are also affected. So I guess no one is immune, when the economy of the world is at stake, everyone is affected, even crypto market.
Right now it's not, but Bitcoin will be a safe haven. As you said the Crypto Market is in its early stage. Its relatively very small compared to the Forex and Stock Markets. That's the reason the Crypto market is highly volatile. Once the adoption increases in the future, the volatility will be very less compared to the present and Bitcoin will be a safe haven even better than Gold.


To answer OP's question, I'm not sure whether the market will recover within a few days/weeks or its takes a longer duration. But I am 100% certain the crypto market will recover.
member
Activity: 756
Merit: 14
March 15, 2020, 02:39:01 AM
#12
The truth is Bitcoin have seen worse, If you can spend time to look at Bitcoin chart there were times like this, from ATH to new ATL, it's nothing new, the solution to this is 'time'
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
March 15, 2020, 02:33:06 AM
#11
Perhaps you should try looking at the bitcoin history as a good example.
From 20k to 3k and then back to 14k and then 6k again.
That should explain everything.
Remember that it is still in a volatile market and it will happen for a long time.
Maybe even at the time when we are not breathing anymore.

But if you have stable coins then it wont be a problem. Stay with that and you wont see any drop in value.  Grin

So far this is the good answer to the question of the OP and it will be satisfied most of the users who ask this kind of question. On my side, there will be no doubt that the market will recover from this crisis and everything will gonna be just fine. If you see some people rushing to sold their Altcoins in the midst of this crisis, don't join them and let it slide now. maybe after this month, everything will return back to normal.

Quoting the above two as the best answer for anyone who has any doubts about the existing situation. Things were far worse after than what we are seeing now in early 2018. I remember febuary 2018 Bitcoin price went below $3k and it went back to $14k after few months.
member
Activity: 756
Merit: 14
March 15, 2020, 02:32:54 AM
#10
Perhaps you should try looking at the bitcoin history as a good example.
From 20k to 3k and then back to 14k and then 6k again.
That should explain everything.
Remember that it is still in a volatile market and it will happen for a long time.
Maybe even at the time when we are not breathing anymore.

But if you have stable coins then it wont be a problem. Stay with that and you wont see any drop in value.  Grin
Too late staying with stable coins for now since Bitcoin already dropped, I don't mind holding my Bitcoin till 2021, value matter less to me, I care about getting more Bitcoin than what they are sold for today
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