Bitcoin drop in the cryptocurrency market

[Dark_Sky 8489]

On 3/13/2020 at 10:00 AM, kizz said:

Yes I got shocked when I notice the big drop of bitcoin, I do not know if the covid-19 is affecting the value of bitcoin. I hope that things will get better soon.

Gladly the price rise now. 

It's a sign that bitcoin overcome the pandemic effect. 

In addition I can say that now it's a good time to sell our coins. 

[Soaib khan 1035]

it's not a big deal if bitcoin increase or decrease 25% or more than this because bitcoin is one of the highest fluctuate cryptocurrency in the world just because of this all the other cryptocurrency like ethereum litecoin also fluctuate  

[Zalaks007 543]

Yes, when Maeve the price of bitcoin drops, it always affects the price of other coin behind it and when ever the coin pumps other coin behind it pumps too. That's why they always referred to it as the father of all cryptocurrency. 

[Yomose 3704]

12 minutes ago, Zalaks007 said:

Yes, when Maeve the price of bitcoin drops, it always affects the price of other coin behind it and when ever the coin pumps other coin behind it pumps too. That's why they always referred to it as the father of all cryptocurrency. 

You are right because if the price if bitcoin drops, others do too but this also depends on the extent of the fall and the duration. For example, on June 11, as the cryptocurrencies  were falling, digibyte even still increase, but if the fall is so deep and with longer duration, I am very sure that the opposite will happen too. 

[Laboni 755]

Even if the price of Bitcoin drops, it will rise again The crypto market is not as stable as its prices go up and down This is why it will pump very quickly even if it falls. When whales make an impact in the crypto market the price of bitcoin starts to go down.

[Moaz 7239]

It is normal for the price of bitcoin and the rest of the cryptocurrencies to decrease at the time due to the spread of the Corona virus which has negatively affected the entire global market, but as expected, the price of bitcoin has now risen to $ 9500 and may rise further at the end of 2020 and reach $ 15,000

[Dark_Sky 8489]

On 5/8/2020 at 6:38 AM, pablomarwan said:

There are many reasons for the worsening conditions in the cryptocurrency market, including the fear of people that currency prices will decrease, in addition to stopping several areas that depend on digital currencies, including airlines. Mining. A hotel, any area that comes to mind, and with the decrease in the value of transactions, the value of currencies will decrease. Now that the situation is improving, it has reached the level of $ 9500 and other currencies as well in response to this increase

That's right so everyone must face the fear and think for the positive thing that may happen. 

Just always place in our mind that some coins are not stable at possible to pump in unexpected price. 

[Iriswolfgang 200]

On 3/13/2020 at 7:06 AM, Raqeebzy said:

The price of bitcoin in the cryptocurrency market has been falling massively over the last week. The price of bitcoin has been affecting other coins like ETH, Litecoin, Ripple X and so on. It has really affected nvestors with the price reducing by 25.13% over the last week.  What do you think might be the cause?  What is the solution to this mighty fall? Do you think might be on the rise soon? 

The rate of Bitcoin right now is not that stable and constantly falling which I think is bad because people are expecting big now in 2020 because of the halving and I hope that the price of Bitcoin will rise more in the 2nd quarter of the year

[Ayush Singh 1175]

As compared to those weeks when you saw a massive Falling In the prices of the Bitcoin now there is an inverse effect in its price now the prices is rising from a good point and giving a good opportunity to users to earn a massive profit from it and the other cryptocurrencies which is now suffering due to the prices.

[Crypto123 0]

23 hours ago, Zalaks007 said:

Yes, when Maeve the price of bitcoin drops, it always affects the price of other coin behind it and when ever the coin pumps other coin behind it pumps too. That's why they always referred to it as the father of all cryptocurrency. 

Yes, Bitcoin is the mother of all currencies. As usual, cryptocurrencies are followed by her mother in ups and downs, but there is no fear for Bitcoin at all because he is the first and strongest currency in the world and even if it falls significantly, he will soon recover and return better than before.

[BitcryptoHan 2557]

 

2 hours ago, Crypto123 said:

Yes, Bitcoin is the mother of all currencies. As usual, cryptocurrencies are followed by her mother in ups and downs,

This is not fully correct, I bitcoin fall, almost all coins will fall but not all, you can still check the market and see some even rising at such time and some will be stagnant. But the statement will be said to be true because if 98% coins are affected, it mean all are affected. But just said thks to make a point clear. 

[Ndayebo8 0]

@Raqeebzy hi dude it is a normal condition the crypto market is Volatile and the price rises at anytime then fall in other to give a great hype.

[Yomose 3704]

22 hours ago, Imran01234 said:

Bitcoin is called the king of all coins.  When the price of Bitcoin goes down the price of all coins goes down because everyone associated with Bitcoin does. Bitcoin is the most valuable coin in the cryptocurrency world

Know that altcoins go down when the price of bitcoin goes down not because they are associated with bitcoin, they are completely different cryptocurrencies  but that is how crypto price works. But few coins at the time of the fall may not fall, while some may not fall instantly but later. 

[Alimhana930 1605]

Bitcoin is controlling the direction of the market and the rest of the currencies are linked to its movement, whether it is up or down And that its decline is due to the lack of liquidity in it or its distribution to other currencies in a short time or sales by whales in huge quantities.

[gourav789 2834]

this is naturally whenever bitcoin dump other coin like Etherium as well litecoin also dump . sometime altcoin start pumping because they want to maintain their price in market . at this type of moment we should wait for till price again Didn't move .

[Ndayebo8 0]

price of bitcoin has been rising and this has been an opportunity for us to gain more of the profits as the price rises, halving will make it to rise very high

[miskyming 1588]

Oh I remember that time, why bitcoin was falling.. it was because the WHO announced that the world was on pandemic and then the market starting went down suddenly.. Now I'm so surprise that bitcoin was touched $12,000 while the world is on pandemic, not really affected.

[Mwangi 5611]

I believe the fall was in preparation of the halving and the best thing that has happened is that it has jumped back to where it was and so when we look at what is happening so it is to help us enjoy what is the good things that are happening in this market, it is dancing around 11,700$ and we are hoping it has another way to which can continue rising up

[Irungu 4299]

@Treat1234 its true and it works perfectly sometimes the drop and rise of bitcoin is always engineered  by the way we use it its important we are able to follow certain perspective that can lead to a wonderful space and that would be a very beautiful thing for us so we need to keep on trying as hard and putting together the reasons as to why bitcoin performs the way it does

[Alex9876r 1408]

All major currencies are linked to the movement of Bitcoin and follow it, and if it decreases, it will also decrease and there is another thing which is that the decline of Bitcoin is due to the reason of low liquidity in the market and low liquidity due to people's fear of the Corona virus, so everyone started selling and withdrawing their money.

[somrat909 49]

Major countries are also losing, their markets are also affecting crypto prices. Some of you may have suffered financial losses, but those who suffer are the most affected. Bitcoin and other cryptoprices should rise again after the end of this event, but we should not look at the money and the materialistic sids now.  

[Mwangi 5611]

The leader in the market , I dont think there is any at one point  that bitcoin will be losing its own progress as of now we need to be careful to understand everything in its perfect convolutions there is a lot of good that comes with bitcoin leading because we have a lead to it

[Sugibengi 390]

I think the price of bitcoin fluctuates a lot, and when it goes down, it's only temporary. In my opinion there is nothing to worry about, because the price of bitcoin will recover considering that half of the bitcoin has already happened and it's a matter of time.

[Solex 2262]

No one knows the actual cause for the drop of in price of coins but the best solution to this is being patient with the market because I have the believe sooner or later bitcoin will rise higher than your expectations, so just be patient because it is the main key to success.

[Mehar446 280]

There are a lot of things to be considerd. We must also consider the sudden bump un the price then discuss the downfall. The reason is that the whales are trying to get benefit out of current situation.