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Thread: Bitcoin hit By corona virus

  1. #1

    Bitcoin hit By corona virus

    Corona virus is one of the greatest thing we have ever seen in this world we have to look for a way to really stabilize the crypto world, the way we see this crypto world, I was shocked that when the rest of the finance world went down then it followed the same, the best thing we have to do is to back bitcoin and any other Altcoin with something, because if you look at the red day, when everything was red, gold was the only one that never moved, in fact it went up 1% up in the same day Oil just plunged 23%.

    What would we back bitcoin with, because as it stands today it is backed by demand , the way it is used. its important we have to really keep an eye on this let there be very vigilant to the process.

    Its very very important

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  3. #2
    I think it is more fair to say that this coronavirus contagion issue has hit the world economy more specifically rather than just Bitcoin alone given that it is pretty much causing panic and lockdown everywhere now that has cases of it.
    Last edited by Alexthedefender04; 03-26-2020 at 02:39 AM. Reason: wrong post

  4. #3
    I think this virus not just affect crypto currency this virus affected economy. And so many trading business distrb. And I think that's why just in one day bitcoin price go down 1k USD and maybe go more down.

  5. #4
    i can say that things will be fine, everything will be allright but i dont wanna give false hope to me and to others as well, i read article of a doctor from U.S.A and he wrote that this virus will touch 70% of world population in one year, so it means its not going anywhere and it will increase day by day and it means more financial crisis in the world, and more price down in crypto world, so get ready for the worst.

  6. #5
    Quote Originally Posted by PALM View Post
    i can say that things will be fine, everything will be allright but i dont wanna give false hope to me and to others as well, i read article of a doctor from U.S.A and he wrote that this virus will touch 70% of world population in one year, so it means its not going anywhere and it will increase day by day and it means more financial crisis in the world, and more price down in crypto world, so get ready for the worst.
    This is a sad possibility that we have to face. Still, I believe that in time, Bitcoin will recover.

  7. #6
    Quote Originally Posted by Sendo12 View Post
    This is a sad possibility that we have to face. Still, I believe that in time, Bitcoin will recover.
    Honestly, I think that Bitcoin is doing quite well despite the crisis and the drop of value in some stocks. I believe that cryptocurrencies will recover well.

  8. #7
    Quote Originally Posted by darexgeorgieviya04 View Post
    Corona virus is one of the greatest thing we have ever seen in this world we have to look for a way to really stabilize the crypto world, the way we see this crypto world, I was shocked that when the rest of the finance world went down then it followed the same, the best thing we have to do is to back bitcoin and any other Altcoin with something, because if you look at the red day, when everything was red, gold was the only one that never moved, in fact it went up 1% up in the same day Oil just plunged 23%.

    What would we back bitcoin with, because as it stands today it is backed by demand , the way it is used. its important we have to really keep an eye on this let there be very vigilant to the process.

    Its very very important
    In our generation, the COVID-19 crisis is the worst thing that ever happened in our lives. No one knows about it until it claims a lot of lives around the world. The good thing is it has only a little effect on the crypto market. As of this moment, the price of Bitcoin increased by almost 2%. The crisis has been lingering all over the world since January, yet the Bitcoin never reaches 5000 USD below.

  9. #8
    Quote Originally Posted by Newbie_trader View Post
    In our generation, the COVID-19 crisis is the worst thing that ever happened in our lives. No one knows about it until it claims a lot of lives around the world. The good thing is it has only a little effect on the crypto market. As of this moment, the price of Bitcoin increased by almost 2%. The crisis has been lingering all over the world since January, yet the Bitcoin never reaches 5000 USD below.
    That's the reason why I still keep investing despite the crisis. I do believe that the crisis won't have a big impact on the crypto market.

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