Topic: Cryptocurrency price is coming back. - page 3. (Read 651 times)

That is so true.

I thought that it is because of what is happening right now but it turns out it is not really the pandemic but it just played a role to affect the price. I am not surprised by the price change in time since we all know the capabilities of it even in the past. The halving is closing and with the recovering price, I think we might get back at $10K.

It is really surprising to see how Bitcoin dipped together with the shock of the traditional financial market. Only to see it at above $6000 just days after...

From the previous weeks until today we have a huge problem and this is the outbreak that is the Coronavirus or the NCov19 this pandemic plague are worldwide spreading and this is the one by the market price of the fiat and the cryptocurrency fall down. Now we are focusing to the cryptocurrency when the virus started the market price of the bitcoin in just 24 hours are immediately fall down and this is not good news to the people who made a lot of investment when the market is too high and the thing they must need to do is holding their coins and it takes again a lot of days or months to bring back the market price of the bitcoin to be good. But here is the good news from the previous weeks of a downtrend the market price of the cryptocurrency again becomes profitable because from the 24 hours of being stable of the market price the bitcoin and the altcoin price immediately increase for over $24 Billion rapidly and this is a good sign that the market price of the coin becomes profitable again.

From the price of the coin from $5000 from the previous weeks the market price of the coin rapidly increase and now it is already $6.2 and this is a huge change within this hours only the same with the altcoins they are rapidly increasing and this is a good sign of having a good market again, after the fighting to the spreading of the virus and it becomes fine again.

Reference:https://www.cnbc.com/2020/03/20/bitcoin-btc-cryptocurrency-prices-rise-as-stocks-remain-volatile.html

I always believe in the decisions I make, such as steps to buy Bitcoin under $ 5000 as happened a few days ago.
If it repeats itself, of course I will buy it, because I am sure whatever is the impact of the fall in the price of Bitcoin, one day it will definitely pass.
Including the current corona virus disaster worldwide.
Because I not only see from the sector alone, but also use technical analysis.

~snip] so we are left with uncertainly now, any pump could be just a manipulation that we should not be too confident.

~

Do you really believe that China is undergoing a recovery and everything is fine over there right now? Because I don't. The fact that they hid numbers makes me very skeptic about just anything they say. It's probably just pretending that everything is fine.

New economic data released on Monday showed the Chinese economy was hit severely by the coronavirus outbreak, with retail sales plunging 20.5% compared to a year earlier, according to the National Bureau of Statistics.
At the same time, industrial output also fell 13.5% during the same period, while fixed asset investment plunged 24.5%.

People are done with panic buying toilet papers and alcohols I guess? Or that they don't have bitcoins to sell anymore.

I wouldn't be surprise if I see some comments about "whale manipulations" later.

I wouldn't say that "the price is coming back" to early because it's still down $3000 when it was $9000 back then before the flash crash occurred. For all we know, this might be a dead cat bounce, because of its oversold state and nothing really goes down forever. Of course due to the huge flash crash, the pump are also extreme. Bitcoin probably needs a green weekly close before we can be certain that the bull trend is back.

We also experience that over here and we're happy to be witnessing such bounce back from what others thought it won't. The current bounce back was heavily suppressed by the power of sell which we'll know as profit taking mode by traders. Hopefully the cryptocurrency market will definitely bounce back like the old days and investors will get their shares from the rise. We're hoping to see bailout funds be release into the stock market and equally into the cryptocurrency market. 

~
The only positive news is that China is slowly recovering, but their economy will also need a few months to return to its former state, which will again depend on other markets, because if there is no demand, production only creates supplies that by themselves mean nothing if stored in warehouses.

After crash more than 40% cryptocurrency is coming back to higher price although not recovery how bitcoin and altcoin price before, but I trust with bitcoin and altcoin could back to higher price again because few months later will going on with bitcoin halving time and giving impact to make price pump.

From the price of the coin from $5000 from the previous weeks the market price of the coin rapidly increase and now it is already $6.2 and this is a huge change within this hours only the same with the altcoins they are rapidly increasing and this is a good sign of having a good market again, after the fighting to the spreading of the virus and it becomes fine again.