Topic: What Exactly Caused The New Drop Of Crypto? - page 4. (Read 508 times)
I am sure that the main reason for the fall of the cryptocurrency market is the corona virus, because the corona virus has now affected and affects everything completely and the cryptocurrency market is not protected from this, therefore the cryptocurrency market has fallen so quickly.
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.
Actually, I am not sure if this is the effect of the Corona Virus. We can just say that it is because the value of every coin drops when Corona Virus happen. On the other hand, maybe whales are just manipulating the value of the coins and trying to prepare its value to the halving that is about to happen. Thanks.
It's because of Coronavirus, I can't see any other reason behind this massive drop. Coronavirus is spreading worldwide and people are dying every day! So, it's normal that all the stock market, the crypto market is facing a huge decline! You may open the tv or read some news through your native newspaper, so, you will get why we are in panic mode and why crypto is suffering these volatile pain!
It could be true. Maybe people sell their bitcoin because they run out of their money to buy their daily needs. Corona Virus has an impact on real life, and many businesses cannot running well as usual, and they wait for a while for the next good news. But maybe there is another reason why the price still drops today, and we don't know what is all about. Some traders get panic to see the price drop again, but the other traders see another opportunity for them to buy more bitcoin.
Of course, because the big news about coronavirus and social media is very crowded because of panic, many people say this is not because of coronavirus but I am sure it is caused by a coronavirus which significantly affects the world economy. But there are also those who believe this is caused by whales who want to buy bitcoin cheaply to welcome halving bitcoin.
I personally understand that the market will always behave very unpredictably. Since there are many factors in the world that can affect the price of cryptocurrencies. And forecasting a market forecast is very difficult and no one can give all analysts an accurate forecast. So it happened that the market fell sharply for some reason and immediately began its turn and went up to increase. So it is very difficult to find out what has served the market such changes in the market.
It's because of Coronavirus, I can't see any other reason behind this massive drop. Coronavirus is spreading worldwide and people are dying every day! So, it's normal that all the stock market, the crypto market is facing a huge decline! You may open the tv or read some news through your native newspaper, so, you will get why we are in panic mode and why crypto is suffering these volatile pain!
Just a whales sell off and we're all affected of it. Some says that it's correlated with the covid19 that's spreading everywhere and has been declared as a pandemic by the World Health Organization.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
Most people will say it's about the pandemic that we are experiencing right now. A lot of crypto users are selling off their bitcoin to prepare for this crisis. And the whales are taking advantage of the situation. But no matter what the situation in the crypto market is, we need to be prepare for ourselves in this another "bear" season. We don't know how long will this be so we need to get ourselves ready.
This is like minding your own business and making your own strategy throughout this crisis. If the whales are doing anything they can to take advantage of it, we should too. And the most basic thing that we can do is to buy.
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.
Thanks.
First reason is whales manipulating the market. The second reason global economy meltdown. The third reason fear of the damm virus. Fourth reason panic selling by retail investor.
Situation might get worse so, be prepared.
There's a global crisis due to the corona virus and bitcoin is global therefore it's heavily affected now.
The dump that we saw is huge but there is no guarantee yet that the dump is already over, lots of signs that there is a possible big dump incoming.
Therefore try to be ready for this, don't panic, part of investing here and be matured.
The dump that we saw is huge but there is no guarantee yet that the dump is already over, lots of signs that there is a possible big dump incoming.
Therefore try to be ready for this, don't panic, part of investing here and be matured.
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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.
Thanks.
One could have easily put the blame on whale manipulation since the halving event is getting closer and like previously they're shaking the market to chase away weak hands to refill their bag with the hope of benefiting from the hype associated with the halving of bitcoin's block reward.
Although that's not the case since not just the cryptocurrency market is been affected but all other traditional market like stock makret, bond, commodity etc were all affected. The like of Gold, Oil, company shares etc all declined in price. Forex market was also affected as some currencies lost value.
Since the whole economy was affected than the trend of the day which is Corona virus would had obviously been the cause of the panic, people decide to take precautions measure since no one knew what was going to happen next, they're all cashing out their investment and probably storing more fiat Incase if an economy meltdown.
You have to look at why there is a panic right now and that is due to the COVID-19 scare spreading globally.
IMO, that's exactly the cause of the market drop but please bear in mind that it's not permanent and this temporary market drop is an opportunity.
That's how this market works, if you know how to position your investment the chance to get into the right timing. The downfall can also be treated as opportunities to invest then wait for the recovering as experienced can give a good glimpse on how this industry bounced back from each falls that take place. IMO, that's exactly the cause of the market drop but please bear in mind that it's not permanent and this temporary market drop is an opportunity.
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.
Thanks.
There are events in particular that most likely cause the dump. Bitmex exchange force liquidation on their exchange creating a huge drop, and also some whales are moving funds to exchange and directly dumping the price. There are also news on plustoken dump the btc on their possesion. And the most crucial one is the corona virus panicking. Which let some investors pulled out for buying supply for rumors of potential locked down on most country.
People will give you the same answer, Corona virus. Because of this all economy sector become slow and quiet from development process. This time crypto is connected with global economy world, if something happen bitcoin will get impact also. Fundamental method really need to learn in this situation, analysis from news can make us understand market habit. Use it and make sure you use long term period time for your strategy, it will helpful.
There could be several reasons for the drop in value of cryptocurrency, but one of the most obvious reason is because of massive sell out both by whales and other small holders. The point is that some persons would fall for the bait when they see whales selling out and the prices falling. Another reason for the decline could be because of the corona virus epidemic which has been causing panic and pandemonium in the world presently.
Just a whales sell off and we're all affected of it. Some says that it's correlated with the covid19 that's spreading everywhere and has been declared as a pandemic by the World Health Organization.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
Most people will say it's about the pandemic that we are experiencing right now. A lot of crypto users are selling off their bitcoin to prepare for this crisis. And the whales are taking advantage of the situation. But no matter what the situation in the crypto market is, we need to be prepare for ourselves in this another "bear" season. We don't know how long will this be so we need to get ourselves ready.
Just a whales sell off and we're all affected of it. Some says that it's correlated with the covid19 that's spreading everywhere and has been declared as a pandemic by the World Health Organization.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
Some says that we're on actual bear market again after all of those months when we've seen the greener days. No matter what exactly the reason of this tank, get yourself the best position and start buying at cheaper rates.
This happened because of many factors, I think maybe this is happening because the price of bitcoin as the main coin has decreased very significantly last week. Therefore it causes a drop in the coins below. Apart from that it might occur due to this final outbreak virus which attacks several countries, thus affecting market prices
You have to look at why there is a panic right now and that is due to the COVID-19 scare spreading globally.
IMO, that's exactly the cause of the market drop but please bear in mind that it's not permanent and this temporary market drop is an opportunity.
IMO, that's exactly the cause of the market drop but please bear in mind that it's not permanent and this temporary market drop is an opportunity.
In my perception, fluctuation ocuurs indefinitely. Sometimes continuously decreasing of prices tends to unthinkable reason behind it. But what's on my idea is when a token or coin that is massively sold in the market, it actually decreases.
The coronavirus has affected many aspects of life, including markets. not only the cryptocurrency market is suffering, but also the stock markets. But it won't last forever. Soon everything will be back to normal.
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