10% in a day

[Irungu]

Well today is going to be a day in history we really need to work hard to take control of the crypto world, the crypto world today crumbled , this follows the issue of corona virus, but lets be pretty clear that this will come to end, but there is also the same in the stock market. but also we really be sure of this market . The oil market has been wiped out 24% and thats a very huge chunk, China stocks also the same today its red everywhere, so we need to really kick out this corona virus, and hope it does not get to us. we are still being quarantined.

[Dp10011]

The scenario is of general decline. And cryptocurrencies would not escape this. Btc is very crazy! I was startled to see his price today.
It is a time of great caution with each and every type of investment. The general market is unstable. Cheering for things to be resolved!

[Irungu]

Well you dont understand why this happend I mean what really happened here, there is a whole number of losses in the bitcoin world and not only this place but so many others and it has been very difficult to control the virus, that is what we have to really keep on pushing the right form of trading. so much in one day , did you see how everything is down ?? I have never seen anything like this

[cryptobird71]

Other Days BTC price has fluctuated 10% or more in a Single Day in the past 3 years.

12/19/17 High of  $19097 Low of $16901 (-12.59%)

12/20/17 High of $17892 Low of  $15647 (-12.65%)

12/21/17  High of $17703  Low of $15091 (-15.76%)

12/22/17 High of $15853 Low of $10,845 (-32.69%)

5/17/19- High of  $7941 and Low of $6411 (-20.37%)

6/27/19 - High of $13,352 and Low of $10,300 (-23.72%)

06/30/19- High of $12197 Low of $10659 (-13.68%)

7/4/19- High of $12,059 and Low of $11,055 (-9.84%)**

7/14/19- High of $11,463 Low of $10,090 (-12.98%)

07/16/19- High of $11,040 Low of $9360 (-16.31%)

8/14/19- High of $10,861 Low of $9894 (-9.91%)**

9/24/19- High of $9778 and Low of  $8,087 (-18.39%)

2/19/19 High of $10,302 Low of  $9318 (-10.6%)

Im sure there are plenty more days where we moved more % wise in a single day.

 

YESTERDAYS TRADING 3/8/20 High of  $8898.50 and a Low of $8000.23 (-9.72%)

 

Bitcoin is not apart of general global market structure.  Bitcoin still works despite a bad flu going around.  CoronaVirus has been a know virus for many years.  Look at the back of your Clorox or Lysol Disinfectant Wipes used to clean around a house and look at the first virus it kills on contact.  The only reason that it has broken out into what it has is due to the mass hysteria that the mass media has induced.  Plenty of people end up with Corona Virus each year but it is just diagnosed as the flu, treated the same exact way and you get better.  The ones to pass away from it are elderly that already has preexisting illnesses like they had pneumonia or tumors etc. and also the very young cause they do not have an immune system to defend against viruses overall.  The seasonal flu still on average infects and kills more people per year.

Not sure how new you are in the crypto markets, but personally Ive seen plenty of things like this trading day.  Above are just some prime examples, and 2018 was full of these types of days whether it was going up or down.   Bitcoin as shown in history can take up to 32% hits in a day and still be sustain its ascending trend in a healthy and structured manner ( biggest one day drop outliers-- April 12/13 of 2013 respectively dropped 73% on the 12th and 48.5% on the 13th).  Another thing with bitcoin is that you see these moves when approaching  certain patterns in the trend..  I.e. Bottoms or peaks with Engulfing candles for trend reversal and profit taking moves (bot created) Bart Heads, Inverse Bart Heads.

I actually bought some bitcoin yesterday and today and possibly will buy some more cause of a technical point we are at right now.  Everything is pointing showing indication for a higher low to be made again and for our trend to continue upward. Once we see confirmation you better believe I will be getting some more.

[evet]

The issue of corona virus had definitely affected the value of the crypto currencies since some countries that are affected had influenced in crypto world. For instance, if more and more crypto buyers, users, investors and such are getting affected by corona then the demand and transactions involving cryptos will get affected and will affect the prizes of these cryptos in negative way since most would give a damn more about their health and possible death through a virus than worry about their investment on crypto currencies. 

[cryptobird71]

Bitcoin Hashrate has actually gone up since the CoronaVirus has hit.  Being that more people are quarantined and staying in doors it gives more incentive for people to find a way to make money online.  Being that China is a big player in the cyrpto market, its correct to see and increase in the hashrate and consequently see adrop in price of cryptos because im sure holders of cyrpto in china are having to liquidate some assets to be able to pay for some bills. 

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

[wyj1306]

It was really nervous weeks for the financial world in general, I think trading cryptocurrencies in this moment of instability is dangerous, we have to wait for this to unfold.

[sahil777]

yes because of coroana virus and its going to be worst, its just the beggining, as worlds big anlysist said, this virus can touch 70% of the world population in one year, this is really dangerous you can understand now, and bitcoin will be at 3k or 4k again i think.

[Ali saher]

I think this is the beauty crypto currency go up or go down . I think this thing not affect to crypto investors. I think when price go up or down within few times then more investment come in crypto currency. And maybe this virus affect to bitcoin price.

[Ufra]

Coronavirus is currently dis-activated in China so China won battle with the coronavirus. And the China will turn again and will open his cryptocurrency. It will impress the cryptocurrency prices.

[Magdsolieman]

The crypto market has not collapsed This expression is a little exaggerated because the crypto market has been subjected to some tension due to the virus that has infected the world and led to a sharp drop in the price, but now we notice price stability at $ 6400 and this is reassuring because it prepares us for the upcoming rise in price

[GeorgeFeb]

17 minutes ago, Magdsolieman said:

The crypto market has not collapsed This expression is a little exaggerated because the crypto market has been subjected to some tension due to the virus that has infected the world and led to a sharp drop in the price, but now we notice price stability at $ 6400 and this is reassuring because it prepares us for the upcoming rise in price

Yes, just have to wait for all this virus mess to calm down, hopefully it'll be soon, but seems that nothing will be the same afterwards, especially in several countries that has been hit the most!

For Bitcoin price and cryptos overall the end of said pandemic could be one of the biggest ups in history of crypto not to mention the upcoming halving, so I guess a lot of people will make a good buck with it, I'll stay aside though, I like my electronic VISA monies!

[Ajel]

Hello, I think this was nervous week for the financial world in general, I think cryptocurrencies trading at this moment of instability is dangerous, we have to wait for it to open.then it will be good

[Salsa]

Yes you are right bro..the present world now in great threat of corona virus..all over the world get lock dowm..the stock market of crypto currency goes down to which lead thia currency price low..infect every thing get infected by corona effect... Hope it go soon