Do not blame it on Corona outbreak - page 2.

Finestream

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Quote from: ampere on April 11, 2020, 09:02:23 AM

From a broader look, the pandemic has acted as a catalyst to rekt the stock market, forex market, and the crypto currency market, even oil has plunged down. But Gold stood its feet. But everyone should not just blame it on the pandemic.

All the market except for crypto market, we've seen it recover, right, from $4k to $7K right,.. so that's a big recovery already.

Quote from: ampere on April 11, 2020, 09:02:23 AM

Some tokens ineptitude and bad product or little hype has led to such project decline in price and rekt. The summary is that even without the corona virus pandemic; some projects would still get declined and delisted as they have already done.

The pandemic only made it faster and quick.

Token or altcoins does not matter a lot as they just follow the movement of bitcoin, what we should be looking now is on bitcoin as it's the one dictating the future of the market and it has been showing good signs now, hopefully we this time crypto market will show it could be bullish so we can attract investors from the market that was affected now.

ampere

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From a broader look, the pandemic has acted as a catalyst to rekt the stock market, forex market, and the crypto currency market, even oil has plunged down. But Gold stood its feet. But everyone should not just blame it on the pandemic.

Some tokens ineptitude and bad product or little hype has led to such project decline in price and rekt. The summary is that even without the corona virus pandemic; some projects would still get declined and delisted as they have already done.

The pandemic only made it faster and quick.

masterrex

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I don't get your point here" The virus just lit the match and acted as a catalyst" for me it's not! just look everywhere the world is experiencing a massive decline of economic activity and in terms of the price and value of stocks, including other commodities that we trade, most of the businesses are already suffering or even bankrupt globally? the world economy now was in the mode of recession and all of these were triggered by the COVID-19 pandemic and thats a fact.

skeleto88

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Not only the cryptocurrency market got affected by the corona outbreak even other business market, such as forex, stocks and others. They have crashed down hard and have not been able to fully recover. But will see how it goes as we bitcoin is nearing its halving, we might see some significant surge and might end up in dip as we continue to dwell with corona pandemic.

jonatha28

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Quote from: shadowdio on April 10, 2020, 09:12:44 AM

Why not blame corona virus? because of the virus a lot of people panic and the market is so much affected with this situation and also the economies of the countries. Without this virus, bitcoin price will continue to increase because of the halving.

moreover this virus and panic around it made stock market fall even further than the crypto one so why shouldn't we blame it on the virus really

HatakeKakashi

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We have different opiniond about that they have people who thinks why the market continue dumping is because of the outbreak and the otherd is not connected or any related. Until now maybe that is true or not no can prove who what is the true reason about this dumping price of the coins. What ever the reasons of dumping we need to pump crypto because we are the one who gets benefits

Krabby

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Quote from: Adya on April 10, 2020, 08:53:51 AM

Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

Absolutely agree, weak projects and scams are using corona to justify their downfall. We should stay away from those projects because they are scams, although corona is affecting worldwide but this market is still growing. In recent years many newcomers have come to this market and invested in leading altcoins in this market

shadowdio

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Zawardo

Why not blame corona virus? because of the virus a lot of people panic and the market is so much affected with this situation and also the economies of the countries. Without this virus, bitcoin price will continue to increase because of the halving.

BlackFor3st

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

I oppose to your statement because the crash is very deep and it is almost the same to what happened last year 2019 and it happened in just a short period of time. This scenario must be related to the crisis that we are facing right now as many countries are imposing lock down to their area in order to lessen the infected persons and I also saw some post that they were forced to sell their assets in order to survive from the lock down to their area.

And we are talking about a pandemic in which it affected all the countries so the relation is there base on what I have notice as from the start I didn't think also that the pandemic will affect the crypto world this much but right now I can say that the big crash of the market is because of corona outbreak.

Danslip

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Quote from: Malam90 on March 15, 2020, 10:49:46 AM

Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

The world is now on panic and this panicked leads to huge damage in the last few days in the crypto market. I also don't fear on corona virus but i can't avoid people's sentiment. We need to wait and take precautionary measures and don't be panicked. Don't sell your coins now at cheaper rate rather it is good for purchase to reduce the average price.

The demand can be explained with the loss of the belief by the traditional investors but let's not forget about the sell pressure due to the global lockdown. Everyone wants to sell the risky crypto assets and wait for the dust settling. After the settled dust, they will reinvest in the crypto markets.

Adya

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

24Kt

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Quote from: bgaf on April 10, 2020, 02:32:06 AM

Quote from: firmino10 on April 09, 2020, 07:41:01 PM

This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

You are right but this corona crisis affect indirectly on some of us. How do we know it, its bit obvious I think. Take note of the possibility that why so many funds havs been pulling out from the market? The reason is fear to be at losses. Yeah big investors way are much simple than traditional traders. If they found a leak on their funds they pull out and just prepare for the inevitable bounce back. Thats how whales work and they are keep doing this until now.

Don't forget those small crypto users who are cashing out their crypto to their fiat currency. They are still significant in the price movement. A lot of crypto users are cashing out in order to use it in this crisis and also savings for what might come in the next few months. Global economy is affected by this pandemic and so is the crypto market.

someone703

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Quote from: t3m4nc0k on April 10, 2020, 02:40:00 AM

Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

Without Virus Corona , I think we can face worse things. We don't know what will happen to this market and the whole world, but it happened anyway. We need to stop this pandemic before it causes a global economic crisis and more people will die if it is not controlled early

bittick

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Quote from: t3m4nc0k on April 10, 2020, 02:40:00 AM

Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

The global economic crisis should not be the main reason to make the price of bitcoin crashes today. There was another reason too. It looks like we must check to the crypto news site to make sure if there was another news that brings a bad sentiment to the price of bitcoin. This is always happening.

Flickkk

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The only impact i notice from the pandemic are some of the coins stop moving.
People are focused on fiat money so they can easily use it to purchase basic necessity.
And in the middle of the battle vs the pandemic the status of crypto are still normal .

t3m4nc0k

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Maybe because we are in a global economic crisis and the price of bitcoin is falling so everyone says that crypto is also affected by coronavirus, even if there is no corona we don't know what happens to crypto

bgaf

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Quote from: firmino10 on April 09, 2020, 07:41:01 PM

This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

You are right but this corona crisis affect indirectly on some of us. How do we know it, its bit obvious I think. Take note of the possibility that why so many funds havs been pulling out from the market? The reason is fear to be at losses. Yeah big investors way are much simple than traditional traders. If they found a leak on their funds they pull out and just prepare for the inevitable bounce back. Thats how whales work and they are keep doing this until now.

firmino10

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Possibly you are correct. This dump isn't a direct result of Coronavirus, on the grounds that every one nowadays have been stating that the bitcoin price has expanded in view of Coronavirus then what happened out of nowhere individuals are changing their conclusions and accusing Coronavirus? I think late dump in the crypto market is control by some large whales so they can fill their packs before the halving! By and by, I think this price dump is temporarily, following two or three days, the crypto market will go up unquestionably.

odukoyaewatomi27

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The terrible impact of Coronavirus on the market can't be totally precluded. I revealed to certain companions that individuals in certain countries have some degree of limitations compelling them to remain at home and this is restricting their capacity to bring in cash which is then obvious in the worldwide financial market, the Cryptocurrency market is a piece of the worldwide market. Individuals are seriously influenced by this epidemic

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Quote from: MOProgress on March 15, 2020, 02:08:17 PM

Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

true talk mate. Every body want to crown it on corona virus, this is suppose not to have this high effect on cryptocurrency, because the crypto has little to do with one-to-one transaction.

I think that very strong speculation will last at least another 1 month. And only then we have the hope that Bitcoin will restore the price level from 7000 dollars. Bitcoin mining is just at this price level.

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