Topic: Game Over? (Read 754 times)

the ups and downs of the market will not affect the brand / holder and the size.
they will always take advantage at all times. both when the market falls and rises. big whales will always enter when others panic sell.

The black swan is a statistical event and it does not change anything if we talk about a long investment distance and a large number of deals. Even when playing a game with positive chances of winning, it is impossible to always win, which is why proper money management is necessary.
As for this year, traders do not care about the direction of the trend - now there are many tools that allow you to make a profit in a falling market.

Whales are laughing all the time and every time,,, they sell at X price as much as they can and everyone else panics,,, then they buy the dip and keep on doing it. So they accumulate and accumulate and price and demand goes back up when the fomo starts again. Never game over.

Exactly, whales are just laughing to those who are selling on panic because whales can buy big again. We have to do the same thing and don’t ever think that bitcoin is over or even the whole cryptomarket because we are talking about big money here and a lot of big whales will not let this market die, this is just a down trend but not a game over.

cunguks

Yes, we cannot know what will happen in the future, but if we build our forecasts on fundamental indicators, then we have a better chance of guessing than if we believe each manipulation.

onrise

The market will live it is true. But many projects will die and never rise. And if the investor had the misfortune to invest in such projects, then he has no chance to return his investment.

Crypto itself is highly volatile than even stock market as it snot being regulated so very difficult to say it. But surely if people use strategy in investing purpose and does it on regular basis during the fall eventually in coming time one will make money from it. It is not going to just go down only and will never rise. Only thing is that one cannot time the market so one has to keep certain amount in order to buy during dips.

You are right, many published predictions are only guesses in the hope that many people will follow them and generate positive sentiment towards the market. I guess all this time it happened like that. such as the announcement of an update from the platform that caused many people to analyze and publish their predictions. when many people talk it can also affect market demand for updates that will occur. I think that's how it works, we will never really know what will happen in the future.

It sounds beautiful, but in practice it is very difficult to apply. For example, can you say now whether the stock market has bottomed out or not? Similarly, about the price of bitcoin and other top coins. It’s very good to talk about the past, but we don’t know the future, therefore it is very difficult to make decisions and often this is just a guess.

Each observer can give an opinion in accordance with what they think. but make no mistake, all this has to do with the pandemic that is being faced by all countries in the world. what they want now is to stay at home until everything is completely normal. whether staying at home does not require a fee ?? Of course this requires a large fee. therefore they withdraw all investments made either in crypto or in the Fiat currency. so that large amounts of money are being drawn at this time as expenses for people during quarantine. obviously this is very influential in the world of commerce today
 

That is the thing people are always forgetting, there are stop loss that gets triggered on almost ALL drops, when it is a big drop there is even more stop loss triggered so basically just one big sell could cause catastrophic drops with the stop losses. When that ponzi scheme sold 100 million dollars worth of bitcoins all at once, they also triggered probably at least 20 million more dollars, which triggered couple more million which to thousands and so forth.

Basically you could probably sell 1% of all coins on the market and then make bitcoin go down to under 5k in just once exchange, that's it, just one exchange. We have already seen how temporary this is so I think people will realize that we are no longer really in trouble anymore and go back to buying again.

Obviously it is for people who sees the opportunity, but not for people who panic,

Here, there are two types of people, those who panic during crisis and those who bought the dip when there is a crisis, usually those who bought at dip succeed, so let's be smart and make the right decision.

and thats why we are much better than Fiat because of the limited volume and cannot be copied more,and this will make crypto better in future if people finds this against Paper money.

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and there is no Game over happening because for me this is another good time to start investing again.

Yes, you are right. We need to stay calm when we heard that news because that news has been created by people who don't like bitcoin, and they are telling fake news to people to make a panic to them. Perhaps, people who panic to see the market fallen don't have the right information about bitcoin so they cannot calm down, and they sell their bitcoin in fast. There will be more fake news like that to make people panic, but the dump of the crypto price is not the end of the crypto because the crypto will be rise again in the future.

FED printing money will never be the solution to anything ever, not today not in history and not in the future. What it does is put a bandate on an arm that is cut from the body, it is not really fixing the situation. Would it help stop bleeding for a while? Maybe, but while stopping it will get ruined as well and will require another bandate, in this case another bail out.

So, if you keep giving companies bail outs as many times as they fail, those companies will never learn anything from it and they will continue to be risky with their investments and keep on bankrupting and asking for bail outs, because they know that government will not let them go bankrupt. They also pay these people bribes as well so that they would help them get those bail outs in return when things go bad.

That is true, the people just have a bad view to most altcoin which I think that's too much. I have an altcoin which is in position 1000 on coinmarketcap, but you have to know the altcoin is increasing day by day even they pass this situation (coronavirus) so as it now in 900 position at there. I have been profited and I never make a decision to sell them although the pump and dump scheme will most likely be happen but I will trust to the altcoin. The amount of altcoin are much on coinmarketcap but not all of them are worthless and being shitcoin, there will be some developer who still care and they always try to make some development again theie coin and able to up the coin/token price.

Bitcoin or crypto in general could never be game over. However there could be game over currencies when this kind of low happens.

What people do not realize that when a coin or a token or basically any project is already having a hard time trying to survive and when things are not going well for them, that means they might die because of this, they were already doing bad so when this happens they are just game over, when all else recovers they are considered dead and never recover.

So, game over does happen for some projects, I know not many, and I know most of them even deserves to end so I am not really to sad about it, but we also can't say that it is not game over for some of the projects, we can't just act like everything is fine. Sure it is for the top ones but the bottom ones are dying because of this.

Bitcoin showed us many times how strong it was.

These huge dumps that happened lately were just part of its nature and we can't avoid this if this happens in the future. But I'm moving forward and optimistic of the possible huge bounce back that it will show as it fuels back.

Not a chartists but very positive that it's hard to see and say even in the near future that it'll be a game over.

I have seen more than 1000 times people said the same thing anytime even since the bitcoin was born in the past. Just because crypto faced a big dump and it doesn't mean a game over for crypto. This is just the beginning for the crypto adoption. It looks like the guy who has said if crypto was gameover just feel panic.

I do get some of the panic to be fair,,, Bitcoin had its worst day on record of 24 hour slides. And this cannot really be compared to all the past events which happened when bitcoin market cap was so low and volume plus trade could be manipulated more easily. This happened in today's huge global market so it scared everybody.

But you are right, this is absolutely not game over!

In my opinion not all altcoins will be game over, because some altcoins that have strong fundamentals will be safe and will still survive.
Many people panic and are pessimistic about current market conditions, which have worsened due to the corona virus. But actually we
don't need to panic because we often experience several bad market conditions like this. And can always get past it, and therefore
remain optimistic hold coins that you think have good potential.

Yes.

The fixed supply of bitcoin is what making it better than the cash that will print unlimitedly because they need funds to fight this pandemic. CMIIW, trillions will be or probably printed already for helping the affected communities by this disease.

We'll eventually see the positive effect of it and might be the quick recovery of bitcoin last time was one of it.

If you expect inflation due to the fact that the FED prints trillions, then you probably will not see it. The FED is printing trillions in order to break the bankruptcy chain in the real economy where more trillions have already burned or are burning at the moment.

Game over with bitcoin and altcoin because close with bitcoin halving time price of cryptocurrency is not wake up to higher price and keep going down, after have economic crisis and Corona virus make bitcoin and altcoin become down and drop drastically with lower price.

That's a small amount of money for this market, so I think that's not the main reason why the entire market collapsed like it is now. Many people say that the epidemic has caused investors to panic and leave the market, and I think that is the main reason

They'll print infinite cash, this is one of the reason why crypto is getting better now, crypto is different, we don't do that, we based on fix supply only so the price would certainly rise due to the increase of demand, i'd say, fiat is the greatest scam in the world.

The plustoken drop is part of it but it was followed by the massive selling of the people who were in panic due to the virus. Buying of the things in need since lockdowns were announced in different parts of the world.

The FED just announced or they already did printed cash for this matter. I'll apply patience on this pandemic if it's for my investments in bitcoin and alts.

We are 122$billion back again so maybe the end is not yet to come or better say will never be?

yeah i can feel you all whenever the price of our Beloved Bitcoin seems drowning but we also knew it will comeback right?how many times this happens?
back last year we had more lower value right?

so maybe we can say this is the end of Bear market and the Bull is coming very soon.

i think the drop was the result of the massive dump of 13,000 Bitcoins worth $105 million by plus ponzi scheme and add leverage trading and bitmex to that equation and we get the panic selling.

Well yes Game Over for the centralized financial system .The rate at which banks are printing dollars, which will eventually deflate its value, people might eventually start looking for alternative means of payments outside of governments and banks. That could be the glory moment Bitcoin had been waiting for.

It's true that there's no connection to covid and crypto but as we can see, this massive drop has lead many to panic which we're straightly affected now by the virus. It's the emotion of the people that made the cap down.

It's not a gameover, this is part of the volatility that we have accepted when we entered cryptocurrencies. And people who still rely with the news about mainnet launching, partnerships and other news that brings hype to investors will get to notice that it's no longer worth it.

I have played A LOT of games while in this isolation stage and I can tell you that game over doesn't happen this way, this doesn't skim the surface for what happens when game over. Just go look at plague inc. when you are successful your start is a lot more infection related and a lot less dead related because you first want to infect everyone and not kill them so you would be not seen as bad but seen as harmless before you can start to kill everyone.

Economically speaking, even 2008 was worse than this and there was a tangible problem there, the world was in big debt that they couldn't pay, there was money load that didn't existed so there was no money to repay as well since it didn't existed, which created a dilemma, how do you pay a loan that doesn't exist with money that is not available, this is nothing like that. We at least have some sort of problem that we can see.

Actually that's the reason why the economy is down now, when the government lock down cities and provinces, people can't work and can do business, which means they can't contribute to the government through taxes, now it's time for the government to give the people's need and that would make the economy down. Only when this pandemic is over where we can say that the economy will recover, for now, we are just hoping.

More than just a startup technology ? But the corona virus outbreak is affecting the bitcoin market. The drop in price is evident. I think that with time, the effect will go away away because different governments have shut down in a bid to reduce the spread. Hodlers are selling off and that is why price is dropping.

That will be the perfect decision, every wise crypto supporters would be glad to have all the potential top coins at a low price, investing in new coins would be a bad idea, because most of the new coins behave like shit, just pump and dump scheme! Though I don't think EOS will go to 20 cents, because that will be hard dump and Bitcoin may hit 2000$ if EOS hits 20 cents!

Should we become hopeless because of the current market trend? Of course not.
It surely gives worries but that it comes into the point that we are able to think about its end and market collapse. Some altcoins are losing their potentiality but the others remain still strong.

We come into the point that the entire market is in the hard dumps, not only crypto but also the global market. This sounds alarming but not to the extent that we have to badly think about its ended scenario. I'm still positive that someday we will overcome this difficulties and soar back high again.

But those who are really in panic mode and selling their portfolio may be those who are preparing themselves for emergency situations or will be using their money to buy necessities such as food, medicines, especially those who lost their jobs because of shutdown of businesses. We can't blame them for panicking in this situation. And those who can afford to buy and store bitcoin will definitely get their profits in the future. it is all about understanding the predicament of everyone here. we don't know the real situation of someone before making conclusion out of thin air.

But I am sure, this is not yet game over. We have been in these times, many times. yet, bitcoin is still here and continue to survive and reach out more users. Crypto actually is a great means of payment method in this pandemic situation where fiat currency is one of the means of transferring this virus. One good example is SK burning some of their fiat, and quarantining the others to stop this outbreak.

https://www.channelnewsasia.com/news/asia/south-korea-central-bank-burns-quarantines-cash-covid19-12509920

usually what happens as you say because of the panic that is very misleading. because we know that things like this often happen and that is always revealed surface. but until now it has remained and has never shifted. bitcoin is already accustomed to experiencing this and need not be feared it will return to its normal recovery. many seek profits with these words.

sometimes most people forget how long this market has been running.
how many times crypto especially bitcoin has been rumored to be dead, but until now we can see whales so big manipulating the market and exploiting this situation.
don't let yourself be influenced by anything and still believe what you initially believed.

   Crypto-market never died, we are still here. I assume that you wanted to say that someone declared that crypto-market died, but that
never happened. That rumors usually start after significant price drop, this time is no different.
   I am here for a couple of years and in this time I saw hundreds of topics about the end of crypto-market. I never believed in that
rumors, and for sure I will not believe in them now, crypto-market is here to stay!

Cryptocurrencies market has died several times and we are going to see another great recovering when the issue of this covid19 is finally over. I have decided not to be following most of the predictions of doom and focus on the reality of the market by depending on the past happening. This is not the end but just the beginning!

My hope is that most of these shitcoins would be dead forever, we have seen days like these before only people worried are those new to the space, Bitcoin always bounce back and the fundamentals are still very strong, people need to be strong in time like this, some people will panic sell and regret the situation forver

The recovery today has been dramatic, but it must be taken in context of the huge drop that preceded it. For bitcoin and alts we are still way below where we were before coronavirus hit. I'm not overly confident that prices will continue to rise, I think we may see another big dip as economies continue to be heavily impacted.

I have predicted it before, I only see when bitcoin price was touch around $4800 a few days ago then its price bounce to $5000 above, which I mean there still many people who have the same thing that bitcoin still in bull market. And now we can see it again, just in a few day as well bitcoin has been bounced back and I think this movement price will pass $7000 soon. Moreover with the stock exchange price have decilined again then there will be many investor who thought that bitcoin is the real asset and can get a lot of profit just in a few day.

Not today, bitcoin starts recovery already and I'm pretty sure this is the beginning of what we have been waiting, a better support, now that stock is crashing and Bitcoin is recovering what do you think will happen? Bitcoin might just be the best option for stock investors

Finally, the bitcoin price back to $6,000. Many people are waiting for that price. And I am sure that many of us already sell their bitcoin at that price. But some of them still hold their bitcoin for another high price. If the price can stay or increase higher in this weekend, I think we will going to see $6,500 in the next week, but if the price decline to increase, then we will see another downtime for the bitcoin. The altcoin seems to follow bitcoin price, and some of the altcoins can grow too, so we have a chance to see the altcoin will get a new high price.

while you are posting this bitcoin is growing more than 10% so i think it is fair to break the tittle of OP and make it "game START" because that is the trend now and Fud will soon gone when market make a full control again like what in the beginning of this year.
we have seen a almost 12k$ value in February so what more in May when Halving starts?though Corona may take some hindering yet not enough to stop Market from growing back again.

Looks like the weak hands were surprise today, as we can see, bitcoin pump and rise again back to $6000, and of course with that it resulted to the rise of altcoins also, so those who buy at dip when bitcoin was below $5000 surely are enjoying a good profit now, and not only that, those who bought altcoins as well are enjoying a bigger profit as per CMC, on the top 100 coins/tokens in the list, Thunder Token is the biggest gainer with 59.47% in 24 hours.
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obviously thats what i am saying if you can understand simple sentences (things that i know you can)
you kn ow why you disagree?because the truth is 'You Never come to Buy even a single cent to invest' instead you are only here to Gain from your signature campaigns and some Bounties and with that yeah we will never come to have the same thoughts.
i never said that EOS came from china Read my message again,i said this is the "Top Currency in China" thats far different.

many traders hitchhike a crisis with the aim of making a profit from panic. It usually happens to look for the right moment so that they do not look their true purpose.
but bitcoin is already familiar with this and need not be feared. now bitcoin has begun to return little by little to update it. do not believe the news of the destruction of bitcoin because it is a means for people who want to make a profit.

Well, it's just too obvious anyway since from the time that Bitcoin hits its ATH on 2017 and after that bull run I have read a lot of threads and articles saying that Bitcoin is dead when they see such a huge downfall of the price. I am starting to believe that this corona virus thing is the reason why the market experiencing like this. I mean, you can say that it is probably the traders or the whales who manipulate the price who coincide with the pandemic crisis.

Always have the same words when bitcoin going down with game over, although world economic crash with Corona virus I think bitcoin have bigger support from many investor trust with bitcoin will back going on to higher price, just three days bitcoin in lower price now raise and break limit to the higher.

I have no doubt that in the near future the whole market will recover, but not just altcoins. only stupid people panic. smart people now just buy a cryptocurrency and those  people who have no money and they bought bitcoin for 7-8 thousand they just wait and don’t worry because they know that soon we will see bitcoin even higher

Then you have surely not looked at the stock markets properly. Yes, in general everything is down and some are drastically down but some are actually staying up better than others. Besides, we all know stock markets do this in a cycle, the same as bitcoin and crypto markets. This is the worse than a bad economy can do? 5.5k btc? Please;)

There is no game over for crypto, it will just dump, maybe hard enough but its still here and one day it will recover and people will get FOMO.
Haven't we seen the trend of the market? Why are we so panic with what is happening, we might be seeing our economy being affected badly, but this is a trial that we will surpass soon and with that said, I have no doubt that altcoins will recover soon.

It is true that there is no relation between the corona virus and cryptocurrency, which happens only panic among investors. And something
like this it is common in the world of cryptocurrency, no need to worry too much. There is we just need to be patient a little more until the
situation the world returns to normal. Now the whole world is again focused on fighting against the corona virus, so as a result there is
a global economic crisis. So it's natural the cryptocurrency market is affected. But in my opinion what is happening right now is not game over,
just wait in the next few weeks things will improve. My advice is just hold the coins you have, because the current situation is only temporary.

No it isn't the end we are just facing a calamity right now,
This would soon be over when the corona virus get's cured it would slowly rise up.
Right now some of us doesn't really care about the price they are more concern about their safety on the virus.
But I think if they have extra money now would be a great time to accumulate.

you wrote a lot and it seems to me that you didn't realize that this is a temporary situation, probably in a few months (from the end of December) the prices will start to recover, because people will be more mature to face this coronavirus in the best way possible way. currently the panic is very big and the conditions to fight the coronavirus are very low, there is no way to think that many people would be running to buy altcoins in a moment of sadness like the one we are experiencing

the condition is indeed very confusing at the moment. I want to try trading in this market situation but there is a slight movement that makes me think about trading again. maybe I will wait for the market to get better to start trading again.

What about when the market is going down even deeper than before? as far as I know if the price of eos can go even deeper too straight with what happened to the crypto market. This is not the end for crypto but I personally will try to avoid to buy the major coin. The global recession can happen anytime and this can put the majority of the stake holders even in the big companies to leave the market instantly.

If we do just try to go back to those years where worst thing do happen or shall we say those bearish times then we can actually tell that this isnt the end.
This had been always a part of a market and there are people who arent get used to it anytime they do experience loss of capital or investment when
the market tends to go down.


I agree to this sentiment we cant precisely tell that they do have that correlation thing but we can really presume that they are inter-connected.

There is no direct connection between the Coronavirus and crypto markets but there is a correlation among all parts of global financial markets. If one hand the OIL markets crash-->it affects--->Stock shares--->turn of forex market--->Welcome to manipulated crypto market. 

I also choose a strategy to buy dip. Now is a great time for those people who have money to buy cryptocurrency. cryptocurrencies will survive and survive this crisis. it will prove that they exist for a reason. and when they come back all who panicked will regret their actions

If what you are saying is true, this looks like a pre-planned negative rally thought by some big minds but waiting for a time, a time when fear could be spread among people (investors here) and what time can be better than throwing their balls against us when we are already under fear? Literally, even I think that crypto is not controlled by anybody but then, after watching these rampant psychos playing it so fucking easy on us, I believe that they can even sell this thing down to 0 some day. But that's not gonna be seen so soon, and this is also a new opportunity created by them, for themselves. So, belief is all it takes to be in the game or just leave it as it is and do nothing. Buying right now is not a good alternative based on what I'm analyzing and some even pressurized drops could happen lately when the environment stabilizes and bulls will try to take over. There's still one more leg downside possible.

This is not for the first time crypto downfall is happening in the history of crypto currency, I agree most of them are really worried after this dump but there are some unrealistic things which might happen in crypto and no one couldn't believe that. As a believer I will buy the dip in the same way as I bought last time, trust crypto for a betterment that's all I can say you now.

actually for me?this is another start and not Game Over lol.

Now i can Buy Bitcoin and other altcoins so why need to stop the world just because of this Corona Virus effect?

but sometimes it is good to Buy these shitcoins because they have too cheap value but there are chances this will be Pumped by whales right?

I appreciate your opinion but the fact is corona the real problem. Because Corona many country in slowly economy and their currency dump when pairs with USD, lost a lot of value. Some people connected with history but I'm really sure history need more than 100 years as proof, bitcoin not so old. This is not over yet, there's chance to recover your asset when halving. Or you can cut loss and try another profitable activity out side bitcoin world, don't panic and afraid we all have the same situation.

let say the dump for example has a connection with corona virus  , i still dont believe that the virus is forever so the dump wont also be forever  but you said there is no relation with the virus and the dump , so that still means that the dump is not forever because this is not the first time that a dump happens  . its normal for cryptos to go down  and it does not matter if we are now on a long year on a long time but infact the drop will become harder the more people gets involved on cryptos because the more people also sells compare to before when few people are only involved on cryptos

You are right, shitcoin will still be shitcoin. some major updates made may not succeed in turning them into good coins. they just want to deceive the doubtful then go and disappear.

Shitcoins become shit again implies that at some point they were never shit or found a way to trascend shitdom. This never happened. They were always shit no matter what price they were at. Remember, people were wrong and will continue to be wrong many times. If we feel we are so certain of something, this is when we are wrong.

Shitcoins becoming shit again and that was game over for them but not in those coins that are performing so well.
I'm not really confident that the market will surge high this year since there is a global economic problem existed but I'm not thinking that crypto will die. I remember this scenario back after the 2017 Bullrun and a lot of people think negatively that time and thinking a sinking crypto market but they are wrong and can also be wrong this time again.

I've been watching the market movement time by time and I was just palsied to see their price movement just down and down. We can see them right now, I use coinmarkertcap for my alternative to see the price movement. Bitcoin price has fallen 5% at this night and many altcoins price as well who meet the decrease price. I dunno know this thing will be last, clearly I have broke a lot . I store my money into XRP a few week before and Intended to store them at least to follow the bitcoin halving event.

It looks like a game over over the world in every stock in every company not only in Bitcoin....every price goes down and will keep going down as this is the effect of the Coronavirus spread. Some of us think that this will effect the world population 1-3 years from now but don't panic as great opportunities will arrive ( like Bitcoin 3k$ , this is what I'm hoping ) but for now keep your assets in cash , don't convert anything into stocks or deposit them to banks etc.

Game over for some shitcoins, yes, there able to sustained the bearish trend of 2018-2019, but the recent corona outbreak will really sink them even more.

But for those altcoin in the top 10? I think they can still survived in this kind of scenario, this is just my opinion though. Bitcoin has been going into a lot of waves of selling and buying, and this could be true for the best altcoin out there, but for shitcoins who are already dying? maybe this is the final nail in the coffin.

the problem is that this drop can be very long because of this coronavirus. we don’t know how much longer all this madness that is going on in the world will continue. it could be a year or two. it will be very bad for the market

The reason is definitely the Coronavirus. There is no need for concern that the drop is due to crypto itself, it's not. But there is a strong chance that we will see further drops as the Coronavirus takes hold in Europe and the US in the coming weeks.

Crypto has no relations with the traditional markets still we people are getting panic due to the stock market crash so they are selling their crypto assets and to have money to buy their essential things needed if there is an emergency medical condition world wide.

Wait game is not over yet,you can see that market crashes stopped and trying to move on from the red.

We are back below that marketcap but the game is not over, as if we didn't experience this before, bitcoin was below $4000 when there's a heavy correction after the crazy bull run, we are not at that level yet and in fact bitcoin has been recovering very fast now, so most likely when bitcoin dump below $5000, that was already the dip that everyone should take for an easy profit.

No matter what the market will recover, if what is happening right now e.g Coronavirus happened years back it would have done some huge damages but now crypto is more than just a startup technology

I'm not really a believer of conspiracy theories usually but I actually think you're right to a certain extent and it wouldn't be such a big conspiracy theory because we know to some extent it actually does happen (the cooperation between big exchanges and whales). Retail people even as panicked as they could be still don't own much, ETH whales all own a third of supply for example.

IT's not just covid though it's just bad panic from so many things all together. People in Asia here are losing their jobs and salaries. So people will liquidate crypto. Alts first to go.

you can do something like countering the dip ( e.g buying )  , if you will go with the flow and do nothing then expect that the value will go down more evenly  .

maybe thats what you wanted to happen ? seeing low price but for me no , im already sick of it and this is already too much  ( not normal anymore ) but this is not a sign of scam imo because cryptos have a purpose  , few of them maybe . anyway , i didnt know that eos came from china , i thought it was korean based but still even both countries are involved ln the virus , i still dont think that the dump is cause by it

Actually this is what we are doing now mate because instead of treating this as failure let us look on the brighter side as we cannot do anything now but to go with the flow.
And one thing guys since this is downtrend,why not try to look in other altcoin as well?like ethereum for other options?

EOS is the top currency in China so grab more of this if the price will go down to 20cents.

But also look at the other altcoin as all are dropping now.

Dont know why do people still got panicked into these kind of market situations? yet we've been on this situations for how many times after all the years here on crypto.

When the market do drop hard or do have that sharp dump then they do say up things like its the end of crypto market, go out while its still early etc. etc.

Covid-19 reason or not, im pretty sure that recovery would always be there and for those whose wise enough will surely see this as an opportunity.

It will be game over for many coins. Alt coins already had a 2 years bear market that ended in December 2019. Now when bull market should start we will be hit with recession and general uncertainty in economy. It will negative influence crypto for at least a year. Maybe several years. People will forget many coins even exist.  Coins with strong community and people in that community that are not here to make profit, but chance something will just simply continue to work  and develop their coin further.  In 2022 we will for sure have much more clear picture.  But for many coins will be game over until then.

theres another issue though... which is muuuuuuch worse than Corona itself... that 90% of you people are severely misinformed. You see the headlines, you think 'whut, oh boii, shits real... ahhhh.. what do i do?? the virus will flatten us all out!!' <- This shit is so fucking typical... Media puts it like this is another existential threat...

In the meanwhile, 2009 flu had, like, how many lethal cases?? Like, between 200-575K cases in total. Head over to wiki if you dont know that.

And corona took how many? 4k deaths reported worldwide, and this accounts for %3 (1 in 33) who eventually succumbed

so you say everyone buys essentials, foods etc. how about 300-600 btc buy orders being sold into in seconds on binance, just to pop up again, rinse and repeat, all orders of the same size.. 10k btc traded in 10 minutes.. with 1-2 $million orders filled in a jiffy. so, normies dumped all of that to buy food? hahah

man this is gonna be fun... unless it becomes too sad

Either it's the Ponzi scheme or Coronavirus I don't want to debate much on that, why can't we just take this nosedive happening right now as a opportunity to have more coins and tokens on our bags?

Agree to this man. Besides we couldn't say it that this massive event currently happening has no relation at all with the market condition right now, when in the first place crypto market is a mere speculation of connecting events. And unfortunately, COVID-19 is the most obvious one that we could say, a major factor? And I bet you would do the same either; cashing out your assets for them to buy them off of a foods, hygiene necessities or whatsoever that urgently need in this crisis, especially when the virus is near at your place, in my opinion. But if the virus effect or the panic itself ain't a thing with this market condition right now, if it is being natural I think it is absurd.

On the contrary, I think there is a correlation between traditional markets and crypto, it is because of the current corona virus scare that is spreading across the globe. And this is real, people died, many new cases are discovered everyday putting a lot of pressures on everyone including investors on the global market scale.

Moreover, crypto asset is very different, it's volatile and it is based on speculation. That's why it nosedive in the last 48 hours, because everyone is wanting to be on the safe side, they still prefer to have cash just in worst case scenario. Food are the main priority here, so people are stacking as much as they can and they needed fiat, that's why their is a massive cashing-out.

Game over? LOL

Give me a break... Read this: https://www.reddit.com/r/CryptoCurrency/comments/fhn38a/chinese_ponzi_plustoken_which_owns_1_of_all_btc/

Here's why the price dropped so hard. Relax, and use this opportunity to buy low. It's that simple.

I'm personally buying a TON of BLOCK below $1, since I want to accumulate 5k coins for a service node, which will be the greatest passive income once people start using DEX's more (due to regulation, and KYC enforced on every exchange). I'll basically cash in on all the fees associated.

Again, take a chill pill man, we'll be fine!

yups and like 2018 when  the market capitalization falls 100 billion $ in which the lowest for the past years.

but in the 3rd quarter of 2019 market cap climbs up to more than 600 billion$ again so why bother now?
i think this is the best time to accumulate more currencies specially those high potential currency that has lower value today.

though market is starting to recover now again and climbing to 150 billion$ again.

Support and resistance points are utterly irrelevant right now. Obviously these are not normal market conditions. Stocks and shares are in freefall globally as a result of the Coronavirus. Crypto prices are down but this has nothing to do with crypto. Economies will recover, as will bitcoin and alts. We can't expect crypto to be immune to external events. Give it time. Not game over at all.

EOS at 20cent? I will gladly buy many, I'm not that scared because the market is falling hard now, the risk part is investing in new altcoins, if top altcoins goes deep down I will gladly buy many

And... we are back below 60 billion...

The ultimate end of all altcoinery. A fucking game over... As can be seen from the chat below, the Alt Cap just collapsed below the crucial resistance-turned-support line, and we are afoot for further slump.

However I have no idea if further collapse even makes sense... Ask yourself, if it is even feasible to trade. Leading Alts have got peachy fundamentals which are hard not to notice. Each time you drill the Big Web for cryptonews, you stumble upon "A mainnet has been launched...", "A new partnership has been concluded...", "A new in-house smart-contract mechanism is on its way..." types of headings... Yeah but does it all make any sense? Look where the crypto is at. As can be seen below, the support lies far, far below. It is so fucking far below that the likelihood of reaching it real fast becomes very, very high. We got a sustained support at 3 billion! Suppose, we subside "only" 10 fold from the current point, in which event EOS would be worth ~ 20 cents; ADA would hit 40 satoshi; BTS would post a new ATL within 17-20 satoshi range; and DASH would slide to 0.0003 BTC.

yeah...

However, the point I am making, is not about the prospect of massive negative gains to be posted within a broad specter of Altcoins.

The point is, there is totally no connection between what happens to crypto right now and COVID-19. There are no essential ties between traditional markets, DJI etc. and crypto.

Why do we plunge then?   Selling bitcoin / altcoins right now is equal to driving a car with square wheels. Does it make any sense to manufacture a car with square wheels? This is to draw a parallel between two equally absurd scenarios both of which become bizarre, arched representation of your average traditional mindset eaten away by panic.

The punch line is, logic just can not be found. Or, its non-existent. "Somebody" has taken massive short positions on bitcoin and the whole of crypto lately. "Somebody" is none other than exchanges themselves. Arthur Hayes & co, then CZ cartel, then Coinbase, then large miners. Retailers aint got no money to pull shit on a scale like this.

Whats next?