Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: tervel on March 12, 2020, 10:02:28 PM
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The Bitcoin price has crashed below the $5760mark.Peter Schiff, the famous Bitcoin hater, has compared Bitcoin with a sinking ship in his recent tweet, stating that ‘the air continues to come out of this bubble’.What is your opinion?
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HI,
Probably a whale wants to buy more BTC at the lowest price available.
Regards,
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This is a big storm for Bitcoin traders, whoever is weak will surely collapse. But whoever is strong will surely win. Prices have fallen too deep, it's time to buy and invest. Forget those who hate Bitcoin, because they don't know and have never felt the benefits of Bitcoin.
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The horrible effect of proclaim pandemic disease covid-19 has a big influence of the continue falling of Bitcoin in the market. People are now focusing more on health issues rather than given attention to any investment in the market. Trillions of money we're loss because of the disease and Bitcoin is not excepted on it. Even world economy is at stake, many companies have shutdown and the roll of money and services in the economy we're greatly disturb because of the continuing onslaught of covid-19 in the world.
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The problem comes in a moment when people get scared from coronavirus, when there is a global recession like that, they pull back their investments, and they’re going to pull back from crypto too.
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Yeah, that appears to be it. Time will tell how long it will last and how bad it would be.
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The price of bitcoin has plummeted, as people now need cash in connection with the measures taken to protect against the spread of the coronavirus and they exchange cryptocurrency for cash. It is unlikely that the fall of the cryptocurrency market comes from the deterioration of the global economy. The cryptocurrency market is very sensitive only to a change in the ratio of supply and demand. Therefore, the drop in the price of bitcoin is temporary.
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^That's also what I think. People only need to buy necessities so they tend to exchange their crypto assets into fiat so they can use it. Unfortunately, most of the investment has a low value these days because of the decline in prices. I hope this would really be over soon.
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In one day Bitcoin and all crypto coins have fallen. This is a very bad condition that affects investors. Not a few people lose money because of the decline in crypto-asset prices.
This happens due to a lot of bad news regarding the Corona virus. Corona viruses are currently already pandemic viruses after WHO announced a few days ago. I hope that with this kind of condition can be used to invest from scratch.
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~snip~
This happens due to a lot of bad news regarding the Corona virus. Corona viruses are currently already pandemic viruses after WHO announced a few days ago. I hope that with this kind of condition can be used to invest from scratch.
Yeah, maybe you're right because Bitcoin holders (other cryptos also) are selling their coins due to COVID-19 coronavirus fears. I think they need cash rather than holding extremely volatile assets in their crypto wallets.
Price of Bitcoin as of this writing: $4,882.84 USD (-8.40%) ... source: CMC
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True. This crash won't end here, this crisis is far from over.
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You know what? Today the decrease has been around -11.18% (Change in 24h). I rarely saw a big decrease like what's happening today. Be careful if you have a plan to buy. It probably continues to drop more.
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You know what? Today the decrease has been around -11.18% (Change in 24h). I rarely saw a big decrease like what's happening today. Be careful if you have a plan to buy. It probably continues to drop more.
If there are someone planning to buy bitcoin? I think this is the right time to wait further drops due to panic trading. It is possible that holders are turning their btc into fiat because of lockdown. this is the perfect time to use the money and buy the necessities before it's too late.
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Cryptocurrency investors can expect to continue seeing price swings.Will have to take a more concerted effort to unify bitcoin users with a common purpose in order to smooth out the cryptocurrency's price action going forward.
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that's too bad...
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The decline in the price of bitcoin is currently an uncomfortable and worrying condition, but in the future there will definitely be a change. Stay hold and don't sell panic.
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holly molly
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I have been out of crypto for about 6 months but these low prices are tempting. If it goes to $4000 I will definitely look to buy.
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I too will buy Bitcoin when its price becomes very affordable for my pocket. Well, there's a prediction that Bitcoin price will hit its former all-time high of $20,000 before the halving occurs later this year.
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This is not a surprising matter that Bitcoin price has crashed recently by the effect of Corona Virus all over the world. World economy is passing a critical moment because Corona is putting a negative impact on economy. This effect is now on crypto market also.
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The effect is everywhere. I hope this crisis will end soon but sadly that's unlikely.
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Estimated battery prices drop again because of the bad market at this time. Stock and gold exchanges follow the market crash. It's better to wait until the market recovers because it is very risky if you buy now
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Maybe now they are panicking due to bad markets so people are more dominant to sell. This condition is very bad in the presence of a virus that makes the economy down. I'm sure bitcoin can get through bad times soon
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I think that depends on how long this crisis will last.
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We are undergoing to safety stages now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It's this economic environment in the years ahead that Bitcoin was built for.
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It's finally rebounding a little but this may not last, I fear.
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That's really bad, Hope this situation will be fixed
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It's finally rebounding a little but this may not last, I fear.
The last week, since March 19, the price of bitcoin, after falling to $ 5,000, has risen at $ 6,000 and has been growing in value since then. Now, according to CoinMarketCap, the price of bitcoin is $ 6,601, which is pretty good so far. If the spread of coronavirus will decrease, then there will be no reason for the fall of the cryptocurrency market. The global economic crisis, this time should even significantly increase the price of cryptocurrency.
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Bitcoin price is already crash and now this time market ia go down and down becasue a new virus will come in china which will kill a person 2 to 3 and the chance is 32% so may be the crypto market will come down more and the price will touch the ground.
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Let us not underestimate what bitcoin can do. This coin is unpredictable when to decrease and increase. The important now is we stay and support bitcoin no matter what happen.
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A massive decline has occurred. It is of course influenced by many factors. One of them is the spread of the Covid-19 virus.
But some have stated that the decrease in the price of Bitcoin is because by some parties that sell Bitcoin in large quantities. Indeed everyone has a different opinion because in such situations many people panic.
Maybe you should learn from the year 2018 that when slowly Bitcoin price dropped sharply. But Bitcoin is able to survive and pump back in 2019.
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Perhaps. The current situation is unseen in modern times though, we have no idea how things may develop.
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I think bitcoin will never fall below the price of $ 3,500.
if the current price of bitcoin is under $ 5,000 it's normal. because the price of bitcoin will continue to rise and fall depending on current trends.
currently all over the world are being attacked by the corona virus, so it is very likely that those who hold bitcoin sell it for treatment.