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Topic: Reason behind recent drops in crypto haven (Read 518 times)

hero member
Activity: 2912
Merit: 629
April 10, 2020, 08:58:21 PM
#66
This is to think that crypto isn't a safe haven, the risk remains high. The ups and downs will still exist. And whatever is the reason for its fall, we have nothing to but to face and accept it. We can still recover from this.
The investors who can bear seeing the price fluctuating are the ones who can stay longer and possible have a big gains. Price drop is quite common regardless of the reason, even before its already happening in crypto sphere so we should not be surprise if the market is like a roller coaster ride.
sr. member
Activity: 2800
Merit: 344
when lambo...
Nothing has to look especially about this. We've been is scam almost every time but somehow the market never swing that way, it maybe it was just a coincidence that the market dumps a few days after the said 13k BTC scam. But above all and most people has to think about the reason for this is because of the virus outbreak, it could be more reliable (maybe).

This is to think that crypto isn't a safe haven, the risk remains high. The ups and downs will still exist. And whatever is the reason for its fall, we have nothing to but to face and accept it. We can still recover from this.
hero member
Activity: 2240
Merit: 953
Temporary forum vacation
That is right, so how about we see the market will address soon in light of the fact that this large dump should just have an impermanent impact.
Nonetheless, we can't likewise disparage the conceivable impact of crown infection, it has influenced the economy internationally so by one way or another it would influence crypto too.

Nice new word, impermanent;) But nothing is permanent in crypto, as we all know. All time highs last only days, minutes. And even the last crash we saw, today we are almost 100% recovered for Bitcoin, and the rest of altcoins will follow too. Just wait, you will see. Rise and fall. It is all a big crypto cycle:)
sr. member
Activity: 2002
Merit: 314
Vave.com - Crypto Casino
The panic on world markets unfortunately very much affected the cryptocurrency market.
Not just the panic on world market but also a lot of factors. Of course the article will say its about corona virus, but the truth is, some are just using this as alibi to hide their clear intention of dragging down the market. How many investors are probably waiting for this dip? I am buying small orders too cause I know after halving we can see how the market slowly recover.

Some whales are doing this because they know they can earn a lot if there’s a cheap bitcoin, just like what happened when we hit the $3k level last March and I’m sure they sold at the level of $7k this April. The virus is just another story but whales knows the best for them to make more profit. We cannot see the real reason on every dump, just go with the flow and have a plan especially during on a panic moment.
hero member
Activity: 2828
Merit: 673
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The panic on world markets unfortunately very much affected the cryptocurrency market.
Not just the panic on world market but also a lot of factors. Of course the article will say its about corona virus, but the truth is, some are just using this as alibi to hide their clear intention of dragging down the market. How many investors are probably waiting for this dip? I am buying small orders too cause I know after halving we can see how the market slowly recover.


You are talking on the whales,.. we can't confirm but maybe we can agree that they have been manipulating the price.
Actually this does not only happen now, it happened even in the past so we can't really be too confident that what people are expecting will happen because of the power of the whales to manipulate the market.
sr. member
Activity: 1470
Merit: 326
Vave.com - Crypto Casino
The panic on world markets unfortunately very much affected the cryptocurrency market.
Not just the panic on world market but also a lot of factors. Of course the article will say its about corona virus, but the truth is, some are just using this as alibi to hide their clear intention of dragging down the market. How many investors are probably waiting for this dip? I am buying small orders too cause I know after halving we can see how the market slowly recover.
full member
Activity: 531
Merit: 100
A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
Looks like legit huh?you have posted March 9 and the Huge dump in Bitcoin record happens 3 days after this.

It is sad that i have just read this now,if i did before that day?i have should sold all my currencies and Buy again after the Dump.

Though i doubt if i will listen that day because speculation and analyst come and go every day and we dont know which to trust.
To be honest, if you read this article from March 9, I believe you will not sell them because you believe in this market. You only regret when you have come across it, no one knows in advance the future of this market. So you don't need to be sad and regret your decision, just keep going and looking for profits in the future.
full member
Activity: 1750
Merit: 118
it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price
Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.

I guess Covid-19 is an unexpected reason for people who involved in crypto. They don't think that the Coronavirus can give another impact to the market, which make people selling their coins to have money. But we can hope that the Coronavirus is not the biggest reason why the crypto market is down, and maybe there was another reason behind that which we don't know. And this time, we see the down of the crypto market again but hopefully, it will only another correction for the price.

the down that we feel today is not bad as the down last time and yeah you could be right that this was only related to correction  .

 also there were always reasons for the fall of the price even before when covid havent occured yet so i could care less  . and the reasons are all been stated on this forum  ,  recent reason for the fall is the token scam as what op said  though i agree that covid still have some impact on the price of the cryptos  because covid affects the real world too  .  
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
Looks like legit huh?you have posted March 9 and the Huge dump in Bitcoin record happens 3 days after this.

It is sad that i have just read this now,if i did before that day?i have should sold all my currencies and Buy again after the Dump.

Though i doubt if i will listen that day because speculation and analyst come and go every day and we dont know which to trust.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price
Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.

I guess Covid-19 is an unexpected reason for people who involved in crypto. They don't think that the Coronavirus can give another impact to the market, which make people selling their coins to have money. But we can hope that the Coronavirus is not the biggest reason why the crypto market is down, and maybe there was another reason behind that which we don't know. And this time, we see the down of the crypto market again but hopefully, it will only another correction for the price.
full member
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
You are successful in telling us that there is a Huge dump coming and just few days after you claim this Fall of market happens.
But i don't think that the Virus has nothing to do with this because as we can see and many People here accept
 the fact that they all contributed in the recent Dump because they sell off as panic covers them because of the effect
 of this Virus and together with the spread till becomes pandemic so yeah  maybe that Pyramid is correct or wrong
 the issue here is that Market really falls.
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price
Ofcourse it is not alone the reason for all this mess. I mean on cryptocurrency market since many factor has been raised during that time. There was bitmex issue, mining plus tokens, and also corona virus. Covid19 really hit all economics with such surprise. I am not sure when will be the recovery time but in my opinion it will take a long time before we can sort out the market stability. Halving will arrive soon but with the market current situation, I am not expecting a big change.
hero member
Activity: 2814
Merit: 576
A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
If here Plustoken dumped BTC price than why our whole economy crashed. I will put two reasons after 13k pumped now this is the correction and another is Coronavirus effect. Now I believe that Coronavirus can't hold Bitcoin price until halving, in the mean time this virus will be gone. I never heard that for giant sell off Bitcoin price dumped 2 times.
I believed this Plustoken and the current phenomenon caused by this corona virus have made great impacts on the market to crash. This scheme should be totally stopped now as we are heading into bitcoin halvening few months from now. Cryto market may recover slowly but the whole economy might suffer for even a year or two.
full member
Activity: 756
Merit: 100
A giant sell off is the reason behind the huge dump in Bitcoin price not coronavirus, it has something to do with a pyramid scheme called plustoken, below is the link to the full news

https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts/amp
If here Plustoken dumped BTC price than why our whole economy crashed. I will put two reasons after 13k pumped now this is the correction and another is Coronavirus effect. Now I believe that Coronavirus can't hold Bitcoin price until halving, in the mean time this virus will be gone. I never heard that for giant sell off Bitcoin price dumped 2 times.
jr. member
Activity: 441
Merit: 2
Theagriverse.io
The major economies of the world of which bitcoin is one of them took a hit as a result of the coronavirus pandemic. After some days back we've seen a lot of gain and it will get better as the pandemic come to an end.
member
Activity: 239
Merit: 17
That is right, so how about we see the market will address soon in light of the fact that this large dump should just have an impermanent impact.
Nonetheless, we can't likewise disparage the conceivable impact of crown infection, it has influenced the economy internationally so by one way or another it would influence crypto too.
hero member
Activity: 2898
Merit: 612
it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price
I guess it's more on a panic cause by whales manipulation, if it did fall due to covid then the price should not recover now or be like the stocks that until now has not recovered yet. At the price of bitcoin now, I can say it has already recovered and it seems a little bullish trying to go more uptrend again.
full member
Activity: 1008
Merit: 101
it is not entirely coronavirus but in my opinion coronavirus also has an influence on the fall of bitcoin, even though it's only 2-5%. The global crisis is due to lockdown, everyone needs money to survive or pay hospital fees for those who have a family affected by co-19 and sell at any price
copper member
Activity: 1162
Merit: 3
The selling of Bitcoin was started before the outbreak of coronavirus. It was a part of bearish trend or dumping. Now due to the coronavirus situation, people have got a reason and can do all things behind the pandemic situation. Hope halving reward even will ease the situation.
Hoping the lockdown in many countries will be over within a month or two and markets start riding on bull again.
sr. member
Activity: 1050
Merit: 377

For some reason, I agree with you, because of the stolen bitcoins, the price of bitcoin and the cryptocurrency market itself is likely to fall, but you should not forget that the corona virus also affects the cryptocurrency market very strongly, because look at how completely all areas are now fall due to corona virus.

Now, many factors can play a role. But stolen bitcoins are perhaps the most dangerous and unpredictable that we can now expect from the market.
After all, we do not know when exactly and in what volume the scammers will decide to sell such a large amount.



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