Topic: What Exactly Caused The New Drop Of Crypto? - page 5. (Read 508 times)
Yaps, assuming someone is averaged due to a fairly deadly virus (COVID-19) causes a market panic, not just crypto that lights a red candle, in the stock market also occurs and several other assets. actually the speculation that made the panic in crypto-world not only happened due to coronavirus, but many people panicked because of the news that miners no longer profit and reportedly Bitcoin Halving is imminent, meaning that halving the miner's income is no longer profitable if the price of bitcoin does not change. of course if there are no miners, Bitcoin is stuck, if this happens of course (game over). so bitcoin should be in the near future, prices will have to soar to retain the miners, because someone will not do that if it is not profitable.
People need cash now because of the lockdown and quarantine due to covid-19 hence investors are selling their coins.
While other investors do sell because of the fear of losing their investment in short they are a weak investors that cant stand seeing the market declining.
The virus is a serious issue and a challenge to each country on how to stop it. We cant say how long it will last but I hope everything can return back to normal as soon as possible.
While other investors do sell because of the fear of losing their investment in short they are a weak investors that cant stand seeing the market declining.
The virus is a serious issue and a challenge to each country on how to stop it. We cant say how long it will last but I hope everything can return back to normal as soon as possible.
I think this is due to the fact that the dollar has grown very much in price. Many people may have started selling the crypt to make a profit. So the price started to fall. Also, the hype around the coronavirus also did not go without results.
Coronavirus alone cannot contribute to the downtrend in the crypto market. there are other factors that might be associated with it. Do not be surprised, even the so-called Coronavirus might just be the secondary factor, but what most people see is the disease, because that is the talk at the moment. I believe if you even search google for the most searched word now, it will definitely bring out the disease. One of the major factors I see is the fear of the unknown. If it manifests., then others may just aid it.
The market shaking dumping was brought by panic from corona fears while some experts think that the upcoming recession was one factor as well but i think there is no need to panic and corona is dealt nicely now all around the world and we will see crypto market recovering soon as well.
Probably the most crazy crash in the crypto history (-44% loss in one day) was caused by uncertainty in the market, investors are selling all assets and they are preparing for another economic global crisis. 
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.
The global epidemy which befallen world through corona virus was the cause of these drastic downtrend for some few days ago. Although many other market were also crash like the stock market and oil war trade, these where many things that contributed to the down fall of cryptocurrency. We hope this don't happen to Bitcoin on the longway as it will discourage many potential holders which will not panic sell their portfolios.
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.
Well it is no more news that the Corona Virus effect caused the sharp drop of cryptocurrency. However, the cryptocurrency is not only affected by this virus, other sectors as well such as crude oil, gold, forex and the world's market generally is largely affected by this virus. We hope for things to normalize in short time.
I think it was due to a combo of factors but mainly it was due to the panic and fear caused by coronavirus which spread quickly all across the world and people were threatened for their lives so they tried to sort of cashout to arrange for emergency or simply use their money before they die but i think it was pure panic and market will soon recover also this crash and volatility was triggered by big whales and market speculators that took advantage of the fear in the market and end up buying more cheap btc from panic sellers.
This coronavirus panic is a just an excuse manipulators have to crash markets, the idea they have is, i will crash it then idiots will follow and sell too and then i will buy all back and then wait, rinse and repeat. About cryptocoins, they are doing a mistake and the best thing to happen is to happen the opposite they are betting on, I mean, idiots are expecting it to crash then it will be an extreme pump, remember, crypto is the opposite of how the market as we know is. So bitcoin supposed to be at 50k, not at 5k.
Yes bitcoin was supposed to be at 50k and not 5k but whales have accumulated of the circulating supply of BTC which is why they are able to manipulate the market so easily. Bitcoin was supposed to be distributed among the people but few people are holding a majority chunk of it.This is why they are the ones making money while the market is facing the losses.
Ive read some news about some facts that is happening all around the world, some says it was due to the drop of dow jones industrial average, others says it was some major geopolitical conflicts of such as the dispute of oil price between Saudi Arabia and Russia, but it never came to news more frequently because of the virus. People seems afraid and panicking, some says it was the main reason but in my opinion it was a mixture of those.
if you follow the news developments that occur, most of the price reduction occurs due to coronavirus. This virus does not only affect crypto, but also an economic decline in other countries. however, so far, I have seen a decline in the price of crypto is really very large. You can find out this news by searching on the internet, you can find lots of news about the decline caused by the coronavirus,
The number one reason which many declines that ongoing from different sectors of financial industries is this corona virus that keeps spreading from different places. With panics that ongoing from the market, most of the traders and holders are also following the trends. Afraid of losing their moneythey are doing the same. Make sure to read and watch the news and you'll be able to assess what are the best plans to consider during this season.
Are real in this world with us or you are posting from another planet. the world under attack by a deadly virus that have crashed retailers and business. Most business outlets are out of services. Offices has ordered there staffs to work from home( Not a big deal). Coronavirus is mess the universe up. Another issue at hand is the Oil trade war between Saudi and Russia. we don't know how long this pandemic will last. China the epic center is making progress.
If there is panic buying among communities that are in lockdown, there is panic selling in crypto market. i guess there are a lot of crypto holders that are selling some of their coins to get their fiat currency in preparation for this long break from work or source of income. and a lot of whales are taking advantage of the situation. if you can afford to hold crypto in long term, I think this is a good opportunity. because sooner or later, the bitcoin price will bounce back. even reaching 8-10k again will give you a handsome profit in return.
Are real in this world with us or you are posting from another planet. the world under attack by a deadly virus that have crashed retailers and business. Most business outlets are out of services. Offices has ordered there staffs to work from home( Not a big deal). Coronavirus is mess the universe up. Another issue at hand is the Oil trade war between Saudi and Russia. we don't know how long this pandemic will last. China the epic center is making progress.
Most likely OP had not met with COVID-19 (Corona Virus). Due to panic of Corona so many people sold their cryptocurrency and trying to hold some real cash for their emergency needs. And I believe that's the real reason behind of current crypto crash. On the other hand due to huge sell holders become more panic and sell more, in a result we experienced another huge dump. I think this time will take longer to recover crypto markets again.
because some people who have large companies now have difficulty making sales outside their country. of course there will be a decrease in the velocity of money that will occur in all markets. most countries have experienced their economic problems. so it is only natural that some people who have crypto assets withdraw their money in large quantities now. hopefully soon and the world economy can improve again.
Several persons are of the opinion that the major cause of the drastic reduction in the value of cryptocurrencies is the corona virus epidemic. I understand that the virus has caused a great deal of panic and people would prefer to sell out and utilize the money for expenses which may arise in the cause of the pandemonium.
Most likely OP had not met with COVID-19 (Corona Virus). Due to panic of Corona so many people sold their cryptocurrency and trying to hold some real cash for their emergency needs. And I believe that's the real reason behind of current crypto crash. On the other hand due to huge sell holders become more panic and sell more, in a result we experienced another huge dump. I think this time will take longer to recover crypto markets again.
if you follow the news developments that occur, most of the price reduction occurs due to coronavirus. This virus does not only affect crypto, but also an economic decline in other countries. however, so far, I have seen a decline in the price of crypto is really very large. You can find out this news by searching on the internet, you can find lots of news about the decline caused by the coronavirus,
today I read a lot of posts about the great influence of the corona virus on the state of the crypto market. all these posts say that the market will bear due to the arrival of this corona virus. but I have another opinion about it, this corona virus is the same virus as other viruses of course it will be dangerous it's just that it will be trending when they first appear in the world. so do not make this virus as an obstacle to your work in crypto, because for work we don't need to leave the house right. so keep working because crypto lives from transactions, so we know the consequences if many crypto people leave it.
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.
its the corona virus and add other negative news like what happen in plus tokens .Thanks.
https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm/
This two affected the market badly withing this week. I dont know if what of that negative news is giving too much dump btc but that two is the reasons.
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