It was a straight market downfall from $9k and it stops $4k, and we can't deny that people have been surprised for this. But the good thing is that we are able to stabilize the market and even a few pumps away from it ($4k) leading to climbing up high at $6k plus today. The market remains unstable and its volatility is getting strong day by day.
As we are continued to fight against the global market issue, we are not confident that the coming halving will push the market to another high but a big chance that we still remain to the current position as of today.
Topic: Crypto changes. - page 4. (Read 535 times)
Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while
Price of Bitcoin decreased, because people need money so they exchanged their Bitcoins into fiat to buy whatever they need to buy. Some sold because they expected price of Bitcoin to decrease and bought or will buy back latter. There is a lot uncertainty right now.
Obviously, the thing people are unable to go out of homes due to COVID-19 as the most of the government's has lockdowns, so they are desperately looking out for some stuff where they can buy with the help of home deliveries. The market is very volatile right now, it's better to hold the asset and have patience until it turns bullish...
Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while but they forgot the whales those are the people who can be responsible for this changes because they have the huge amount of coins holding from the previous analysis still there is a 42% of the coins still not circulating for over two years and this is a cause too why the market price of the cryptocurrency is not good enough again. If you can see the market price of the coin having changes and going up rapidly in just a single day and back to lower price this is because of the whales they are diving into the dip and grabbing the opportunity collect coins as many as they can because the halving will be coming in the next few months and expect that the market price of the coins will back to huge changes.
I don't think that the bitcoin price dump was just caused by the whales, what I believe is it was due to COVID-19 Pandemic that causes the panic in the global scale if we compare to other sectors of trading like stocks, etc they are all went down altogether because of many stockholders are selling their stocks for liquidity. and cryptocurrency is not exempted thats why most of the top cryptocurrency prices are falling too. because of the COVID-19 scare worldwide. 
One of rhe factor is that some investors pull out their coins because of being afraid that bitcoin may be dead soon because of falling from 10000$ to 3900$, even me I was shocked when it happens because I really thought hat this year is the best for bitcoin.
Other reasons of the investors ehy they pull out their money is because they need it to convert into fiat currency to have money to buy foods that they need for crisis. Some sell their coins with lower value which is really not advisable for me because you will be wasting your money if you do thst thing.
acceptable reason I suppose. because there are many needs right now when we are in crisis and the world economy is also down. surely many people withdraw their money from crypto. this incident certainly caused a big blow to the crypto market, hopefully, everything will soon end and the market can get better. Other reasons of the investors ehy they pull out their money is because they need it to convert into fiat currency to have money to buy foods that they need for crisis. Some sell their coins with lower value which is really not advisable for me because you will be wasting your money if you do thst thing.
One of rhe factor is that some investors pull out their coins because of being afraid that bitcoin may be dead soon because of falling from 10000$ to 3900$, even me I was shocked when it happens because I really thought hat this year is the best for bitcoin.
Other reasons of the investors ehy they pull out their money is because they need it to convert into fiat currency to have money to buy foods that they need for crisis. Some sell their coins with lower value which is really not advisable for me because you will be wasting your money if you do thst thing.
Other reasons of the investors ehy they pull out their money is because they need it to convert into fiat currency to have money to buy foods that they need for crisis. Some sell their coins with lower value which is really not advisable for me because you will be wasting your money if you do thst thing.
From a different perspective, this virus instilled panic in the market which of course causes huge dump in the market owing to the fact people wish to save fiat for payment of goods and services. Also, even at that, whales can use this opportunity to carryout their acts. But looking at the bright side, even with this dump in the crypto market which is also experienced by other markets, the crypto market seems to stand out as it is showing signs of resistance and recovery therefore proving that people are once more readjusting and coming back gradually. Furthermore, with halving coming soon there is every tendency that more people will come back to so as to be part of the anticipated growth.
In fact, this market collapsed at the beginning of March, but it quickly recovered in a short time. I am very optimistic with this because the crypto market is not affected too much by the virus. But the virus has caused so many deaths and illnesses, I hope health facilities around the world soon stop the disease.
Indeed, I am still confident that bitcoin and along with other significant alts (s*tcoins are worthless in any season of the year) can survive despite of the pandemic. At this moment, the price of bitcoin still stabilize at the $6.4k+ mark with an increase rate of 3.68% 
. See? It still kicking in despite of the hard times. Thus we have a valid reason to stay positive 
. In fact, this market collapsed at the beginning of March, but it quickly recovered in a short time. I am very optimistic with this because the crypto market is not affected too much by the virus. But the virus has caused so many deaths and illnesses, I hope health facilities around the world soon stop the disease.
Indeed, I am still confident that bitcoin and along with other significant alts (s*tcoins are worthless in any season of the year) can survive despite of the pandemic. At this moment, the price of bitcoin still stabilize at the $6.4k+ mark with an increase rate of 3.68% . See? It still kicking in despite of the hard times. Thus we have a valid reason to stay positive . 
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
Your are right, If the pandemic was the main reason for the dip then BTC and other coins would have gone down very badly... However, it's still maintaining its reputation even in this terrible situation, from top to the bottom everything has been crashed like stock market, oil, businesses etc... But the only thing which is maintaining its capability is crypto currency... Absolutely gold for a reason.
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
Your are right, If the pandemic was the main reason for the dip then BTC and other coins would have gone down very badly... However, it's still maintaining its reputation even in this terrible situation, from top to the bottom everything has been crashed like stock market, oil, businesses etc... But the only thing which is maintaining its capability is crypto currency... Absolutely gold for a reason.
Yes there is definite manipulation by whales in the crypto currency markets especially Bitcoin and ethereum how ever this isn't much different from the other stock markets where mutual funds and other big promoters holding large quantity of stock can increase or decrease the price themselves.
In such markets there will always be the big players, hoarders or what we call the whales. It's impossible that they will be gone for such markets because as long as they can see that it's a good place to milk money, they will be there.We will see that when this pandemic have been declared to be clear, the market will be green again and with the addition of the halving for bitcoin. We're all going to be grateful that we survived not just the pandemic but also the bad days of crypto market.
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Not a new fact. Not only Coronavirus, whale manipulation is another part of the reason behind the recent price dump. This is very common. But I doubt price will go up very soon because corona has least affect on the price and without economy get normal, btc will not.
can not be denied, whether you want to be called a pope or whatever, the fact is that people who have crypto assets in large quantities, could be toying with prices. Because of what? The crypto market is very much influenced by buying volume and selling volume. if the buying volume suddenly increases, the price rises is inevitable and vice versa. in this case, small traders do have to go with their flow, because small purchases do not have a big impact, unless many people buy the same coin at the same time, maybe it can. but it's still inferior compared to just one person with a large number. crypto market that is decentralized and offers freedom of investment, indeed requires that we alone determine how assets will work, in terms of price and market capitalization.
Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while
Price of Bitcoin decreased, because people need money so they exchanged their Bitcoins into fiat to buy whatever they need to buy. Some sold because they expected price of Bitcoin to decrease and bought or will buy back latter. There is a lot uncertainty right now.
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
Some people don't read, so, we gonna see many more topics like this in various section of the forum! Whoever read the facts, news, updates of crypto, they know blindly that Bitcoin and the crypto market will be changed to positive again! Right now the bearish is happening because of coronavirus, it's a killing disease, everywhere of this world suffering of this virus, but some people ignoring this fact! So, when the coronavirus outbreak ends, the crypto market will change again!
Yes there is definite manipulation by whales in the crypto currency markets especially Bitcoin and ethereum how ever this isn't much different from the other stock markets where mutual funds and other big promoters holding large quantity of stock can increase or decrease the price themselves.
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
The corona virus has created a big panic sell even for all of the market and it's not only crypto but people aware about the possibility to use crypto as their alternative and that brings crypto to the recovery stage again. This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
It's true that the corona virus has created a big dump for crypto but it can recover again right now. it's not totally wrong.
Well, I hope that it is because approaching halving, of course this will be one of the hikes that is awaited, maybe ATH is not achieved, but with an increase to $10k, it's better.
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
The corona virus has created a big panic sell even for all of the market and it's not only crypto but people aware about the possibility to use crypto as their alternative and that brings crypto to the recovery stage again. This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
It's true that the corona virus has created a big dump for crypto but it can recover again right now. it's not totally wrong.
How many times will people say that the cause of bitcoin's fall was because of coronavirus? Didn't it recover? I guess you're all blindly looking to the fact that it fell but never look towards the recovery of it.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
This should be changed, if all of you are looking to the fact of its downside, you should start looking to the positive light of it which is the recovery period of bitcoin.
In a way yes, some changes in the market price, especially the big ones, are coming from the effects of these whales dumping. The rich are the ones who are in total control. But on a sidenote, Whales merely manipulate the short-term price of BTC. Because nearly all other cryptocurrencies are tethered to Bitcoin, they too are similarly manipulated.
But whales seem to have little effect on the steady rise of BTC adoption by the marketplace. As more people adopt investment in cryptocurrencies, and more applications for their use arises, their values must steadily rise.
The good thing is that people are now turning to crypto/blockchain because of the COVID-19 crisis, especially that they are now just staying at home. They can make big incomes by investing in good coins, bug bounties where they just have to catch an error and get paid, and a lot more. but no more airdrops and bounty campaigns, those things are dead.
But whales seem to have little effect on the steady rise of BTC adoption by the marketplace. As more people adopt investment in cryptocurrencies, and more applications for their use arises, their values must steadily rise.
The good thing is that people are now turning to crypto/blockchain because of the COVID-19 crisis, especially that they are now just staying at home. They can make big incomes by investing in good coins, bug bounties where they just have to catch an error and get paid, and a lot more. but no more airdrops and bounty campaigns, those things are dead.
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