Topic: What Exactly Caused The New Drop Of Crypto? (Read 508 times)
I think the reason for this disgrace is to not get a share of anything profitable. The main reason is that the market is not going to be profitable in the current year compared to the previous last year, so the investors are chasing.
By now we already know what is the reason by this sudden drop of the price, it is because of the Covid-19 pandemic. And not just crypto but the whole traditional market also went on a downward spiral. So it is a scary sight to see our portfolio going down. By just in short amount of time, the drop turn into another bullish signal and then we recovery slowly in the next two months and here we are today. The price of most altcoin is where it was prior to the decline. So for those who have panic during March 13-14 are regretting their decision to sell-off because of fear and uncertainty in the market.
Each of the reasons that have been raised here as a reason for the decline of the coin market is logical and acceptable. As a result, we can easily understand what causes it. So, I would like to identify the reasons and find a solution. Thanks.
I fully believe that the reason for this kind of decline in the crypto market or its price is because of the particular disease and economic , business and industrial lowdown . Because of this, the economy is controlled a lot by the corona disease. Hopefully it will recover soon .
In the crypto world something like this can already increase the price of it all depends on the market and the news that has been scattered about the crypto world, perhaps currently the price is going down then that's the influence of the negative news spread so also the opposite, and now we can see the state of the market has started to recover and the price of Bitcoin and altcoin back increased.
Most time people take profit when the crypto price pump and thereby reduce the price. This is what is called market correction in some cases. However, the drop in price is not that bad if you check how much and the rate at which it drops. The next crypto run might see bitcoin above 10k even though halving is still very near. 
In the crypto world something like this can already increase the price of it all depends on the market and the news that has been scattered about the crypto world, perhaps currently the price is going down then that's the influence of the negative news spread so also the opposite, and now we can see the state of the market has started to recover and the price of Bitcoin and altcoin back increased.
There have many reason for this kind of inconvenience that called market price fall-down. One of them is corona virus, the country of the china is more essential for financial supply to the whole world, at the time the many more county are have been away from product exchange so that reason i think the crisis is create for this. But its improving to get along with the new wave of rising .
China now plays an important role in the world economy. Trade and manufacturing in the world depends a lot on China, so that when China experiences an extraordinary event, the whole world will feel an economic slowdown
There have many reason for this kind of inconvenience that called market price fall-down. One of them is corona virus, the country of the china is more essential for financial supply to the whole world, at the time the many more county are have been away from product exchange so that reason i think the crisis is create for this. But its improving to get along with the new wave of rising .
There may be a number of reasons for the price drop in the world market. If I were to say it precisely, that would be a price reduction, bitcoin halving coming soon so far these are reason behind Caused the New Drop Of Crypto .
I would evaluate it another way because many deposited the majority of their wealth here on investment basis but did not see any profit, some others reason . The corona virus does affected crypto, but also an economic decline in other countries specially the 1st world country is in economical stake, however, It's because of Coronavirus, crypto in volatile pain!
I would evaluate it another way because many deposited the majority of their wealth here on investment basis but did not see any profit, some others reason . The corona virus does affected crypto, but also an economic decline in other countries specially the 1st world country is in economical stake, however, It's because of Coronavirus, crypto in volatile pain!
Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?
Thanks.
This COVID-19 virus the been the main reason for the recent world economic turmoil. People were got panic in buying foods and supplies for the lockdown and they will in need of cash for their emergency funds. We can't control those investors to sell their crypto even at lower price as they will secure first their family needs while in quarantine mode. Anyway on the other side, this will also give a chance to buy at lower price if you think that this will not go more to the bottom. Thanks.
i think its because of the economy issues, and covid-19 because of this the world is panicking and don't know what to do, hoarding of supplies that is needed, certainly give a big blow not only in the economy but also in crypto currency, since companies will not have a work during this times, i think the people with crypto en-cash their holdings for their family because at this moment that is their priority, there are some factors but at this moment that i one of the major reasons.
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Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.
We will continue to believe despite all these trials, crypto market is a well tested market, especially bitcoin.
This is not the time that we all should panic, instead, let's stay compose and see the opportunity in every situation, the humanity will survive, so as crypto.
Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.
We will continue to believe despite all these trials, crypto market is a well tested market, especially bitcoin.
This is not the time that we all should panic, instead, let's stay compose and see the opportunity in every situation, the humanity will survive, so as crypto.
Di you not heard from various sources about the presence of a virus that has plagued the country in the world ?? economy is now so chaotic that it has a negative impact on world trade. but easy easy all this will be good soon and the price will return to normal. because this is hope for all of us.
There is a dilemma about this situation. People say that stocks went down because during this pandemic companies will not make money, however they also say people withdrew their money from everywhere. So, if people withdrew their money, and everything went down in price, what did those people use that money for? I mean is the whole world staying in cash right now?
Is everyone literally just took their money from ATM and put it in their homes waiting for something? I doubt that is the case, so where is that money? We are talking about something tangible here, we need to be able to see where that money went to, it must be clear. I am still confused about it but I am sure one day we will see them all. One day something will start and everyone will start to use all of that money again.
Is everyone literally just took their money from ATM and put it in their homes waiting for something? I doubt that is the case, so where is that money? We are talking about something tangible here, we need to be able to see where that money went to, it must be clear. I am still confused about it but I am sure one day we will see them all. One day something will start and everyone will start to use all of that money again.
Got to love TemTum it only dropped from 15 cents to 14 cents....meanwhile BTC is losing a 20% from today's high!!
So glad it isn't all bad news on the market right now.
So glad it isn't all bad news on the market right now.
I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet. 
Maybe you predicted it wrong? 
Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.
Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?
Thanks.
We hear everything later when cryptocurrency plummet. Now only reason we are seeing Corona virus problem. India lifted banned from cryptocurrency exchange, India is very population country. Bitcoin halving time is also neear but our economy situation is very bad for Corona virus.Thanks.
I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.
Maybe you predicted it wrong? Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.
I think everyone was surprised by the prices of gold and oil because this has not happened before. And I think that Bitcoin will still fall below $ 4,000. I won’t rush to buy Bitcoin yet.
Maybe you predicted it wrong? Prices continuously going against stocks for the past 2 days.Don't rush but done's expect it to go lower and lower all the time.
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