Topic: Do not be fooled - page 14. (Read 3960 times)

If you're correctly investing and you haven't spent any funds that you might've needed to use for a situation like what's going on with coronavirus right now, there's not much reason to sell now especially when the markets are so volatile and panic is widespread. Nobody knows where the markets are headed next, but selling or buying based on emotions is rarely a good thing to do. If you're looking to accumulate coins, dollar cost averaging now is a good place to start while things are so volatile.

Everyone has their own perspective in evaluating the world of crypto, especially bitcoin. This perspective is based on the knowledge possessed, so it's normal if there are some people who say BTLC is dead or bubble or Ponzi due to extreme decline a few days yesterday. We, who have understood this ecosystem, should be able to understand that and act wisely. Do not be provoked, as much as possible ignore it and if you can give a correct understanding, if not possible then just ignore it, only waste energy when arguing with people who do not fully understand, right?

This is already expected to happen that anytime the market will crash again due to some hypes and the fact that this crypto market is highly volatile. Even without corona virus, bitcoin will still face its bearish season and this is a great opportunity to accumulate more bitcoin aside from holding them. Just don't panic, face the reality about crypto investment.

Whoever is spreading rumours that it's the end of crypto are the same FUDS who buys Bitcoin like crazy in FOMO when the value pumps and they are the panic sellers as well. It's better to avoid these baseless suggestions as crypto will not end and we have seen numerous fluctuations and this is one of those due to Corona. If we cannot contribute positively atleast we need to stop displaying it in negative lights. We should start reporting such topics to avoid further panic.

Crypto currency is also just a money and it supposed to be spend on conditions like these but people are getting afraid is the wrong thing which made the prices to fall down extremely low but nothing to worry because we are seeing more worse conditions on traditional stock markets.

You also need to add those experts and whales who are good in analyzing and creating artificial movement. People who are good in playing with every emotions most traders have around this industry, There are people who are still scalping and still gaining in each market trends that showing around.
Best to invest if you have good knowledge and you are willing to take the gamble of from your fate, whatever happens decide according to your
own assessment and observations.

for a beginner who is new to the crypto market, of course, in conditions like this and they get bad news, of course, they will panic and immediately withdraw their money. but when the market recovers I think those who have withdrawn money from the crypto market will feel sorry for not having more assets when the prices are very cheap.

The rumours about the death of bitcoin is really spread about by most crypto newbies who just joined this investment industry with the aim of making riches day night. They easily give up once the market dumps but for us who have been in this industry since its beginning we know when to take profits and when to hodl. cvbh

It is just their own opinion and let them believe on it. The important thing is that you must not be affected by those here says and you know what information to believe with. If you are already have been enough time working with cryptocurrency, then you have already seen that every year Bitcoin and the whole cryptocurrency community is undergoing this stage of having a great downfall but still in the end turns out to be bouncing back after the problem that causes the downfall has been resolved already. It is just a matter of time before that thing happens but still cryptocurrency manages to recover from a great loss. It is just that if you want to stay longer in this industry, you do really need to have a strong mind to be able not to get easily believe on something negative being said towards Bitcoin and the whole cryptocurrency community. It is still best to do the researching on your own and secure that the news you have came from a reliable source so that you will not be put into panic. It is obvious that we are currently facing a tough problem in front of us and I do believe that this will end in no time, talking about the virus in which I do hope the cure is soon to be discovered and the price of the cryptocurrencies will soon to rise up once again after this struggle brought by the pandemic Novel Coronavirus 2019 to the whole market as well as to the whole wide world.

coronavirus is a global hoax hyped by the media, probably in order to collapse markets and create controlled chaos, but bitcoin falls because investors do not trust and withdraw money from risky assets, it is very difficult for me to imagine what will make people buy bitcoin if there is gold.

In the crypto world something like this is a problem that we have often felt, up and down the price of Bitcoin and altcoins have often happened but for those of us who are good at getting things done, will not go out and keep looking for which coin is good for We invest in the future, rest assured the Crypto world has always surprised us that we should be prepared with the current state.

I agree corona virus might have impacted the crypto price but it doesn't mean that's the main reason for this serious downfall. BTC price has crashed very badly even this week which had a incredible start by the start of the year, again some huge political tensions between US and Iran apparently gained fears and now this corona virus has impacted a slump in the market. However let's believe the price of BTC will show some positive signs before halving.

People only prefer or care about what's happening presently, this type of people are those that are easily drive by present market condition, I called them weak hands, Coronavirus is not enough to cause panic, I don't know why many dump because of it, I've even seen where some dump and Coronavirus is not present in their country yet

In a way, we can partly blame it on the Corona virus pandemic, the disease has affected many activities   across the globe and not just the economy. We can always have problems or factors that may affect the crypto market but I think Corona virus is the main cause at this particular point in time.

I completely agree with you, but unfortunately, because of the corona virus, a lot of people panic and start to withdraw all their money, and because of this, the cryptocurrency market is falling, but it is clear that the cryptocurrency market will soon begin to grow again.

I have seen many issues in the last 3 years in the crypto market which had an impact on crypto price and every time prices declined and after few days or months it recovered. Now coronavirous is the latest issues and this issues is now world wide problem, it tend the world economy into bad situation hence crypto is passing bad moment. We believe this effect from crypto market will no more after few days or weeks. I am not fooled, so i will stay on crypto.

This virus is affecting many activities, disrupting meetings, conferences, businesses and so on, it is not only the crypto market that is affected, every other market is feeling the impact be it stock etc so it will be really funny if someone believes what people are saying about the end of crypto etc. To start with, the crypto market didn't just boom in one day, it passed through various phases before becoming so valuable and thus has come to stay just as it has been doing before now; the only thing is to be patient and calm, do your best, be safe and allow the market do the rest.

All right, why is crypto following the stock market? Does crypto and the stock market have a dependency or mutual support between the two? because I have also seen one time when the stock market began to rise, the crypto market also rose.

We don't know when, that is why people are panicking because as long as the virus is not contained yet, there is a big possibility that the number of people infected will continue to rise.

That's their job and I also believe they'll find the solution to this problem, the economy is down even with this short period of time only, how much more if it will last longer, we can't be quarantine forever, we have jobs, we have business and we need to operate.

Bitcoin dump because of panic, that's it, when panic is over, its time to celebrate especially those who take the opportunity to buy.

I don't know why they people tell that it's going to end and I'm sure all of us are aware of this kind of market which sometimes we will experience bearish market. We can't blame them if they going to exit now because sometimes they totally need money especially right now we have been facing this pandemic. If you going to exit now and it's because of a sudden maybe you are not suited for this kind of investment and you simply have a weak heart which you can even handle this situation.

The best option that we can do right now is to hold our coins and just remain calm. Don't ever get panic because you just see the big dump on the market and always remember it's normal to happen. Kindly just use this opportunity to full our bags with the best cryptocurrency.