Can the market stand this trial - page 7.

CryptopreneurBrainboss

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Quote from: Saisher on March 14, 2020, 11:59:56 PM

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.

Can you compared what just happened to that of the 2018/2019 market crashed? The market has seen worst and today it's still active. Although what just happened was never expected as everyone or most enthusiast thought bitcoin and the cryptocurrency industry at large was a save heaven against any economy breakdown but that wasn't the case as the panic also made its way into the industry.

Why I strongly believe the market is going to recover is the fact, we're not the only industry been affected. The whole economy is under attack by the fud been spreading as a result of Corona virus.

It might recover along side other market or takes its own part since until last week I haven't experienced any scenario where the cryptocurrency market follows the trend of other market. It was definitely a surprising experience but also an opportunity to get your hands on some valuable coin for a bargaining price.

Saisher

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Quote from: Reid on March 15, 2020, 12:31:17 AM

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

Yeah I agree this is where stable coin play a crucial rule, maybe this is circumstances where we can value stable coins I am also very optimistic, a technology like this will not die easily, we can compare it to the internet that will go on and evolve, Cryptocurrency is here to stay and for good.

yanto@1977

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Quote from: Saisher on March 14, 2020, 11:59:56 PM

what could be the possible solution here in the market.

Market is depend buyer and seller, we don't have control about it. The simple way is keep use crypto for your activity but must choose the right one, such as trade using daily method, invest with medium time and saving bitcoin in our wallet for up trend. Market will survive but not with the users, some of them choose cut loss and lost value. Market will recover after halving, we only need to use the product, that's it.

yazher

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Quote from: Reid on March 15, 2020, 12:31:17 AM

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.

btc_angela

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Quote from: Saisher on March 14, 2020, 11:59:56 PM

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 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.

@batang_bitcoin - you can't compare the fall from $19k-$3k in 2018, there's no covid-19 scare that time.

batang_bitcoin

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The 2018 was even worse. From $19k down and bottomed to $3k so we are in the situation which is finely better than 2018's. The solution is don't panic for each individual and determine yourself and what percentage of fear you have right now.
2018 has recovered up to last year and if that happened in the past, it's obvious that we will recover from this crash. It may not be quick but it will after several months or next year.

Tipstar

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This is not the worst blow crypto market has received. It had overcame specified attacks and accusations while the current one is a general economic disaster. Crypto would surely come out of it stronger. And there will be more effort to ditch the cash as currency and could boost interest on digital money including crypto.

Reid

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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

Saisher

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Activity: 2324

Merit: 175

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.

Topic: Can the market stand this trial - page 7. (Read 780 times)