Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: gurunanakji777 on March 12, 2020, 02:53:27 PM
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
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Maybe its the virus or maybe its the whale. Maybe they are trying to crash the market before halving so that they can buy cheap before another bull run. Most of the traders are surprised like you and me. We thought that the small bull run will run for more time before next btc halving. It looks like market manipulation.
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Maybe its the virus or maybe its the whale. Maybe they are trying to crash the market before halving so that they can buy cheap before another bull run. Most of the traders are surprised like you and me. We thought that the small bull run will run for more time before next btc halving. It looks like market manipulation.
It seems that this is still manipulating prices in the cryptocurrency market. The cryptocurrency market cannot react so negatively to the spread of the coronavirus epidemic. Here, for sure, someone is working to lower the market. Now, according to CoinMarketCap, the price of bitcoin is $ 6,128, and ethereum - $ 141. This is just unbelievable. However, do not panic, all this is temporary.
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Today's big drop is part of Cryptocurrency price fluctuations, nothing to do with the Corona virus. This is precisely the right time to invest and buy coins of our choice.
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It just prove the btc or cryptocurrency isn't a safe haven still ini times of recession. stock market is also plunginig.
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The market presents surprises)) Many were shaved and many came out unable to withstand the onslaught of bears. How do you guys behave in these situations?
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
The current crash in bitcoin price has little to do with coronavirus, though it might have some impact in the China or Asia region, but it already a known fact that crypto can fluctuate, its volatile. I think prizes will definitely come back in few weeks from now.
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Cryptocurrency is showing itself in all its glory, so always think before investing in cryptocurrency, because as you saw, the whole market can simply drop to zero in a matter of hours, but what is happening now is all because of the coronavirus and the panic that the coronavirus is causing to people.
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The current crypto market crash is one of the worst ever losses that have hit the cryptocurrency sphere.The effect of Coronavirus has shaken the finance industry to the extent that even gold that was considered the safest haven has gone down.
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The current pandemic is too much to avoid. it is affecting both commercial and real lief stock.the world is coming to an end. business is crumbing and falling. the cryto currency lost over 20% of the profit gained in years in a single day. more loose is coming. business is crashing. more are been expected. 2020 was not fair to us.
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I think it's FUD at a highest level. People are dumping their coins converting it to fiat since they need to buy their needed commodities as they need to stock goods at home if ever there will be a lockdown, which is already happening in some countries where confirmed cases are in a hundred to a thousand level now.
So I guess it is a cause and effect thing. Low rates will give us more chances to buy at a coin's lowest rate, only if we have extra money to spend.
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Two to three years ago the Corona virus outbreak had infected Chinese society and continued to spread to several countries, and now almost all countries in the world are alert. The price of bitcoin has fluctuating nature, which means it can change quickly at any time, and the current decline in the price of Bitcoin could be the impact of a global economic downturn caused by Cofid-19 or Corona Virus.
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Wall Street stocks bathed in blood, gold and oil prices plunged, restaurants & hotels closed, manufacturers suspended... All thanks to Covid-19. Bitcoin is no exception. Be wise, gusys. How are cryptos supposed to stand strong when the whole world economy falls down.
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Big impact due to corona virus which caused the crypto market to plummet. The stock market also experienced the same thing since yesterday. I hope all can recover quickly
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All the crypto market is going to be crash and so many peoples will loss their money in this market but i am not afraid becasue i know that soon the market will give us good profit in short time soon.
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It could be one of worldwide pandemic effect.
However, the real reason is still undefined.
Remember, it is also possible that it is just the way of market movement.
Or there are someone who controls the scenario at this time of distress.
Be careful and patient to your investments.
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I saw that and I could only wait until this problem was resolved. Everyone is waiting for the market to recover and hopes for improvement. I'm sure the crypto market will recover soon
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A lot has been happening. from the virus spread that has been affecting market to the oil price that continue to crash due to the on-going trade war between Saudi Arabia and Russia. under-developed countries are at risk of falling into reception. their economy depends heavily on Oil. eg Nigeria.
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Coronavirus situation unfolds, it is hard to say how cryptocurrency will cope but as even traditional safe-haven assets like gold continue to fail, Bitcoin may find itself in completely new territory as an emerging asset class.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
It is hardly possible to explain the current fall of all markets with people's fear. States called on people to comply with quarantine rules to combat the spread of coronavirus. To spend a certain time in isolation, people were bought with food and basic necessities. For this purpose, cryptocurrency was also sold through exchanges, since it still has weak liquidity. This has led to a fall in the cryptocurrency market. Now the fall has stopped because people have already prepared for quarantine. Gradually, now the cryptocurrency market will begin to recover.
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Crypto market and also the forex market both are crash becasue of the corona virus and i hope that soon the market will go up soon and we are again in profit on that time.
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I think the crypto market has fully recovered as almost all coins in the top 100 were all color green. Bitcoin is trading 3.68% at $6,255.98 followed by Ethereum at 2.83% ($133.03).
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I think the crypto market has fully recovered as almost all coins in the top 100 were all color green. Bitcoin is trading 3.68% at $6,255.98 followed by Ethereum at 2.83% ($133.03).
I sincerely wish that crypto will fully recovered sooner to help the crypto people around the world who wait for bull run a long time. They need money now to buy food to have some stocks to survive the quarantine.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
This is a concern about the spread of the Corona virus. So the price of cryptocurrency falls. Many investors in China have disbursed Bitcoin into real currency to buy basic necessities.
We do not know until when this plague will continue to exist. So this situation will have a big impact on the price of the cryptocurrency. The Bitcoin price was unstable like a few months ago. But we also shouldn't panic.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
It is related to the Covid-19 scare that recently hit not just in a single place but the whole world, it happens everywhere panic buying, shortages of medical supplies, etc. the stock market is down elsewhere so that's also happening in the crypto market people sold their crypto holdings because they want to thats the reality so we brace ourselves if this problem will continue.
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Don’t worry. This time there’s news coming out of China that isn’t connected to the coronavirus outbreak.With so many people around the world working from home, social distancing and self-quarantining, searches cryptocurrencies have gotten will increase.
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This time all the crypto market is crash and thats why all the coins are going down regularly but we need to buy more coins and safe them becasue this is the time to buy the coins in the market ad safe them for the future.
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The current situation is unpredictable. Market condition is for short term traders so you need to be careful on what and how to trade. if you check through, you will notice sharp price raise and fall. BTC has been trading between 5,500k TO 6,700K. we may stick to this position as long the pandemic crisis continue.
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It is nearly possible that it is because of corona outbreak. The virus is seriously damaging and destroying the world health. In terms of health, equipment, foods and financial matters. Do not lose hope because there is an end to every problems. Once the problem end, world economy will be in good condition again.
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When WHO declared coronavirus as a pandemic, it is a declaration of a bear market and worse things to be expected. I hope the little recovery of Bitcoin and other alternatives will hold? I have been at home looking deeply at KoinPro who offers two predefined Bitcoin futures contracts — the double-UP and perpetual contract. What a time to study some of these new projects.
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Now with the rising Bitcoin price after having decreased last week. There are many people who benefit. I think the government rules that everyone to do isolation at home provides benefits to Crypto. Now Crypto is becoming a great solution to profit when working at home. And we today can see the price of Bitcoin back pumping.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
Yes, this is the impact of the Covid-19 virus spread. In addition, some investors sell Bitcoin in large quantities. This has an impact on market conditions that continue to decline. Panic Sales happen because they are afraid to lose a lot of money.
But, many people also get a lot of profit when the Bitcoin price plummets. For people who haven't invested, this is the first step they buy Bitcoin at a cheap price. And looking at Bitcoin's condition, this coin doesn't take long to pump up soon.
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There are many people who benefit.
Traders waited for long time to have profit.
I think the government rules that everyone to do isolation at home provides benefits to Crypto.
Literally, isolation is far to each other, no contact at all.What is the connection?
Maybe you want to say is quarantine. Crypto people now can do their job in crypto as much as they can while they have more time to focus.
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You have already answered the question rightly. a lot of uncertainty is fill not only the crypto market but also the stock. Have a look at KoinPro which is decked out with a host of unique features that make it trading Bitcoin futures more convenient and safe such as free demo account to practice and get used to the platform, absolutely no KYChttps://www.koinpro.com/r/2QZ3
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Nobody can rightly predict the future. We are all just speculating. As per price of Bitcoin, I don't think we are going to see any new high this year base on the market situation and the current pandemic. You can trade future with your BTC using KoinPro platform which provides limited risk and double-UP contract.
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What's happening on crypto market is something usual. There is time for pump, then there is time for dump. This will be repeated in the future, so just take advantage of the characteristics of crypto trends. I think most people already know about this, they must have already prepared so well in the previous months.
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The idea was for cryptocurrency to democratize finance.Digital assets are at the helm of democratizing finance. But for Bitcoin or any other altcoin to democratize anything, it will need to be adopted on a major scale.
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The idea was for cryptocurrency to democratize finance.Digital assets are at the helm of democratizing finance. But for Bitcoin or any other altcoin to democratize anything, it will need to be adopted on a major scale.
What is happening with conventional currencies, and first of all with the printing of an additional six trillion dollars in the United States, should sharply spur inflationary processes around the world. The economy of all states is now sharply declining, which should entail the onset of a global economic crisis. This should be a good test for the cryptocurrency market. It is in these conditions that the cryptocurrency will have to prove itself as a reliable refuge from the inflation of ordinary currencies. Therefore, this year should be special for cryptocurrency. Perhaps her finest hour will soon come.
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Cryptocurrency will likely prove itself as a safe haven soon when prices of goods and services soar amid US dollar inflation. The Fed is now pumping cash like crazy, and this portion of new money will be reflected in all prices soon. Obviously, Bitcoin will get a boost from this as well.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
Ups an downs are part of financial market so that crypto market also suffering in this crisis nCOVID-19 situation. You see every people in the world now busy to safe their life so how they focus on crypto market? just wait for market comeback and pray for all life in the world.
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I survived and did not sell my assets in this situation. I believe this decline is only due to the covid 19 issue which is not over yet. Many people sell assets just to survive now
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It will never be stable, there are whales and exchanges, and most traders ( 97 %) will leave market after losing the last cents.
It is all true.
non of the cryptocurrencies has intrinsic value.
most crypto people doesn't know even what was the Bitcoin promises!
they are in because they wish to be millionaire!
Simply, this is not going to work.
Bitcoin needs more education rather than speculation.
Once you understand what is the Bitcoin mission, you start to use it as a tool for self-sovereignty.
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Fear will make you even more down. Be patient and wait for a good time to buy. The price of crypto is now easy to go down and up depending on how the news will affect
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Fear will make you even more down. Be patient and wait for a good time to buy. The price of crypto is now easy to go down and up depending on how the news will affect
Yeah, I agree with that, This corona thing is making everything worst, even cwith cryptocurrency a lot of people will dump, they will need the money for something else, real sh*t
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
It is not a panic, it is a normal way of life. It is natural for people to sell their crypto or physical assets to survive a pandemic.
Remember that the crypto currency market deals with the emotions of both the buyer/seller; hence the one with more savings get to invest in difficult times.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
Nothing is crumbling yet to come. I mean the bulls are coming soon. On the contrary, it seems to me that coronavirus is not an obstacle for the cryptocurrency market.
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Yes, this is due to the coronavirus effect. All assets decreased, not only crypto. gold, oil, and others also fell. The circulation of the world economy becomes unbalanced. The dollar price is high.
This is for our future learning. If there is something that makes the price of crypto and others shake, we better secure our assets and buy them at low prices.
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Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
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This is because of the pandemic. Even though crypto is decentralized, it somehow reflects the economy of the market. But you do not have to worry about it, it is just temporary.
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Its just another day in crypto. We experienced a huge dip last month and we can now see that bitcoin is slowly recovering from the last dip. Its a good sign because we are approaching in its halving next month.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
It has recovered efficiently and now in stable modes, so the market is well ready for the halving coming soon.
So we must continue to do our own research and follow market trends so as not to be left out completely.
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That was simply because of panic in the market developed due to coronavirus spread and everyone was worried of getting the virus so they cashed out causing the crash. I think with time everything will be back to normal.
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the World economy has been printing fiat money to save the current economy from deflection and poverty increase. meanwhile The cryptocurrency sector has also been printing more USDT, USDC and TUSD to safeguard the cryptocurrency sector. it is neutral effect. everyone is trying secure its sector.
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It became very curious what happened? Personally, I did not find anything so extraordinary. Everything works, the only thing I heard is that the resource is going to change its owner.
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It has recovered efficiently and now in stable modes, so the market is well ready for the halving coming soon.
Yes, I agree that crypto market was quite stable in last few days. Even if there was a decline in price, it didn't dropped so hard. And there was no big increase. I suspect there are many whales who are preparing to trade after halving schedule. I doubt crypto market won't rise up unless decreasing big.
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The cryptocurrency market has been affected by the corona virus though by a little percentage, I think the cryptocurrency market will be safe for use since most of the governments are abundoning the use of cash money as a means of reducing the spread of the corona virus, so many people will be joining this market hence it will grow rapidly.
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precisely until this moment crypto continues to crawl up. maybe this is related to halving btc in the next 2 weeks.
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the bitcoin halving has been the sole reason for the bull market. we might expect a tremendous market fall when all these things are over. people thends to rush to the market to buy more bitcoins in other have a share of the coin before halving. investors should be aware of the impending price fall after the halving.
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Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
I think the opposite. People will invest in cryptocurrency. Since some are afraid that through paper money they might become infected. Therefore, it is easier to buy everything through cryptocurrency. But I could be wrong.
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people panic selling when announced pandemic that is why the market was crashed but now seems the market is trying to recover, hope bitcoin can reach 10,000 dollar price in the halving.
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Coronavirus pandemic gives big impact to the crypto world. It makes many people turn their assets into cash in order to fulfil their life necessity during lockdown era. But, currently, market is going up again with good trend. Hopefully this pandemic will be over soon.
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Fast forward today, the market has regain back everything that was lost. More treasury funds are been printed by tron and usdt financial department. this is a way of seeing another bull run on the way. we might be heading to another bull run. be prepared to avoid suffering from fomo.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
I think you are living in the dark and obviously can't see whats happening in the world. you should read news and make researches before you can jump into concussion. cryptocurrency has not been the only market that has crashed. oil crashed too as well as other stock markets
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Currently, only bitcoin shows growth. But this growth in my opinion is artificial and bitcoin is barely pulling up. If a few days ago almost all altcoins grew, now they do not grow. It alarms me. I think we will soon see the fall of bitcoin and altcoins will also fall behind it
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The difference between this halving and the last 2 are inflows from companies like Grayscale... don’t see that stopping.
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It is not possible to describe the current situation of markets with people's fear. People need money for buying food and other things. For this purpose,people sold cryptocurrency through exchanges, since it still has weak liquidity. This has reason for fall in market.
I think this is the good time to reseach new project. Now i research 3 project (Koinpro,youengine,sheng),.
Between them koinpro already devloped exchange,very well decorated and secure exchange.
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Be calm and never be panic to sell your coins at the low rate. This is likely the market correction or market shock. However, I personally believe that the price will up again due to the time after halving. But of coruse we cannot set it for sure. Just be patient in facing the market,
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Miners are the bedrock of the Bitcoin ecosystem. Today, as a result of the Halving, their Bitcoin-denominated revenue is being cut in half
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Actually, coronavirus doesn't impact so much on crypto market. So, the drop in the market is likely something normal happening in crypto space. Now, the market is gradually improving/growing, we don't need to be so afraid anymore. I assume we are better to wait and hold our assets until a good time to trade/sell.
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Many member Think That Coronavirus is behind crashing of market , but buying and selling orders as well it's demand always effect it's price.
Anyway this is pretty well that Crypto recover in its price very well.
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Actually, coronavirus doesn't impact so much on crypto market. So, the drop in the market is likely something normal happening in crypto space. Now, the market is gradually improving/growing, we don't need to be so afraid anymore. I assume we are better to wait and hold our assets until a good time to trade/sell.
At least it can make people panic sell. A surprise like that makes whales profit. They can buy it at the lowest price. Just look at when corona has an impact on crypto prices. All coins go down very far. But soon recovered. You imagine, how much profit do you get if you go with the flow ???
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
I guess the market does not strike, only corrections occur. This condition occurred within a few months ago when the price of Bitcoin fell very deep. Losses are inevitable because everyone is too quick to sell Bitcoin. Perhaps only a slight impact of the spread of the Corona virus news has occurred in many countries.
But Bitcoin doesn't take a long time and in a few days, the Bitcoin price is back "Bull ". If we are patient I think you will not lose money. Now we see that the price increase is almost happening in all crypto coins.
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Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??
Market is in sustainable position due to corona virus pandemic. Bitcoin and Ethereum market don't affect in corona. If corona Pandemic gone away, then market must be bullrun.
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Many member Think That Coronavirus is behind crashing of market , but buying and selling orders as well it's demand always effect it's price.
Anyway this is pretty well that Crypto recover in its price very well.
I can say for now that the cryptocurrency market has been slowly rising for the fifth day. Today, bitcoin reached a price of $ 9,659, and ethereum - $ 245. So far not so bad. Once again, Bitcoin comes close to ten thousand dollars. Will he cross her this time or not? If manifestations of a global economic crisis arise, inflation of ordinary currencies grows, then the cryptocurrency market should start to grow significantly this time.
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I will say nothing unusual is going on in the crypto space now, it has been like that for a while now so nothing different. I understand that many are expecting that by now we should start having bull run but this is crypto you know.
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Actually, coronavirus doesn't impact so much on crypto market.
Yeah corona only has a temporary impact on the market ... because some people trade their assets in fiat. after that the market slowly recovered.