You cannot entirely blame that the current situation has happened because of the damm virus. Market is still being manipulated by the whales. In just 24 hours Bitcoin was down by 39% and then it came back to 27%. This nothing but pump and dump strategy by the whales.
Because of this dump and pump the whole cryptocurrency market is now suffering.
Topic: Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent? - page 6. (Read 650 times)
March 13, 2020, 04:47:18 PM
March 13, 2020, 04:45:03 PM
Obviously its not permanent what we are witnessing is panic selling though one positive note for the future is this: many people moved from Bitcoin to cash as you would expect in times of reasonable FEAR But, when the dust settles. They'll want their BTC positions back. A lot of SPOTS will be purchased without very many willing sellers.
March 13, 2020, 04:40:06 PM
The current situation in the market is not permanent and will not be, as coronavirus is not going to be permanent as such. We're seriously messed up with our own decisions as investors(Individually or institutionally) the panic sell-off was the reason we're here with this question, hence nothing to be worry about as usual. We'll know cryptocurrency to be volatile coins as such epidemic can trigger their volatility and when thus happen the entire industry will feel the impact, as we have seen today.
The basic causes of these drastic fall was the panic sell-off orders which was as a result of containing the virus by not allowing some travel tour by individuals. This actually created some strong feelings on holders of what to use as fiat in this case. The sell off was to enable many families Carter for their needs while the restrictions last. It won't be permanent, just hold on.
The basic causes of these drastic fall was the panic sell-off orders which was as a result of containing the virus by not allowing some travel tour by individuals. This actually created some strong feelings on holders of what to use as fiat in this case. The sell off was to enable many families Carter for their needs while the restrictions last. It won't be permanent, just hold on.
March 13, 2020, 04:38:32 PM
Maybe this will not become "permanent" because what is affected is not only the crypto market but the economic sectors of some countries are also weak because of this virus, every country will definitely try to find a vaccine from the corona virus, so as not to continue to disrupt the economy.
March 13, 2020, 04:29:57 PM
Permanent? no.
About the span of its stay, nobody knows and even I. I'd like to see it gone as soon as possible and if there's a solution already to dissolve or if there's a developed medicine that can be use by the affected ones so everything will go back to normal again.
About the span of its stay, nobody knows and even I. I'd like to see it gone as soon as possible and if there's a solution already to dissolve or if there's a developed medicine that can be use by the affected ones so everything will go back to normal again.
March 13, 2020, 04:27:29 PM
As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?
It's definitely not going to be permanent, but I don't expect the market to pump overnight as it dropped on march 12. I believe that the Crypto market is going to take some to recover back. But maybe be I'm wrong and the market might recover in a week or so. But one thing is for sure, this isn't permanent. 
March 13, 2020, 04:26:48 PM
Corona virus is not only affecting cryptocurrency, even the stock market is affected as well, as a matter of fact almost every sphere of live is affected, businesses, trades, tourism and even football, everything has to an extent come to a halt, countries are checkmating entrants into their shores.
But just like other pandemics that has ravaged the world, for example the Ebola virus, this one will also with time be completely eradicated. The health systems of the various countries of the world deserve to be credited with how this scenario is handled, I believe it's only a matter of time till we see the last positive case of the virus.
But just like other pandemics that has ravaged the world, for example the Ebola virus, this one will also with time be completely eradicated. The health systems of the various countries of the world deserve to be credited with how this scenario is handled, I believe it's only a matter of time till we see the last positive case of the virus.
March 13, 2020, 04:26:03 PM
As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?
The virus is ravaging every financial and economical sector of the world, because several businesses have closed down, footballing and all sports activities are equally shut down. There are dip crisis because panics are normal on the crypto sphere, and this won't last forever.
The dip is perhaps an opportunity that many has been waiting for, it is better to evaluate and get in now at the bottom
March 13, 2020, 04:23:18 PM
Why permanent?
There's no reason to believe that this crash will be "permanent", I don't have a clue how much time will take to recover, but for sure it will
Another markets are suffering too, stocks, oil, governments, traditional investments, so everyone is in the same boat
The trend was very good this year until now, but if I have to guess, my think is the market will recover in a few weeks, because there's a lot of people buying BTC at this low price, including me, I bought BTC, and ETH for now
There's no reason to believe that this crash will be "permanent", I don't have a clue how much time will take to recover, but for sure it will
Another markets are suffering too, stocks, oil, governments, traditional investments, so everyone is in the same boat
The trend was very good this year until now, but if I have to guess, my think is the market will recover in a few weeks, because there's a lot of people buying BTC at this low price, including me, I bought BTC, and ETH for now
March 13, 2020, 04:13:52 PM
As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?
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