I don't think it will impact crypto, it will impact the economy and stocks but not in crypto.
Have you seen what is happening to crypto now? It's been standing strong with some minor recover and I guess crypto are going positive opposite to the stocks. What's making crypto strong right now are the big investors who consider crypto as a safe haven and a good store of value, so let's keep the faith high and continue to hope that this pandemic will end very soon.
Topic: Guys avoid panic sell... - page 15. (Read 3194 times)
Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
Even you are stating they want to avoid getting panic selling still they do because today while there is a pandemic outbreak many people will focus to their selves and family because they need to survive there are many people getting panic selling of foods, mask, alcohols, and more to prevent the virus attach on them also there are some places having a lockdown so they need to have a stock and enough to survive for over a month also we cannot tell until the virus still alive even there is a survivor many people still die because of this outbreak and it is better to save your selves than doubting to hold our money.
Do not panic buy.
People are selling their bitcoin for cheap because they panic buy as if the grocery stores and public markets will close down indefinitely. That is not the case in most countries though. Stores and other services that are essential are still open to the public.
If we look at Bitcoin's price in the last four days https://coinmarketcap.com/currencies/bitcoin/historical-data/, I can only assume that the panic selling is now over and everyone has cooled down while waiting for a cure to the virus.
People are selling their bitcoin for cheap because they panic buy as if the grocery stores and public markets will close down indefinitely. That is not the case in most countries though. Stores and other services that are essential are still open to the public.
If we look at Bitcoin's price in the last four days https://coinmarketcap.com/currencies/bitcoin/historical-data/, I can only assume that the panic selling is now over and everyone has cooled down while waiting for a cure to the virus.
Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...
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