Bloodbath in the Crypto Market

Taken from : https://www.coingecko.com/en

Well this is the blood bath many people were expecting, everything in the crypto world is in shatters, BTC as well as practically all other alt coins are down in the double digit percentages. I actually thought I would never see BTC down below $7,000.00 and yet now it is hovering over $5,000.00, I bet there is a lot of fear in crypto investors at this moment.

So I know many people say that moments like this are when people should shed their fears and invest because the only way now is up, well I wouldn't be so sure last year BTC went to $3,000.00 what says it can't go there again?

Now the one that most interests us is of course Steem and it has gone bonkers it is at this moment barely over $0.13, the good thing about this is I don't think anyone in their right mind is going to dump there stash on the market at this price. Of course maybe a few will but because they have urgent financial problems and selling Steem is their only way out.

I thought the Justin Sun -Witnesses drama was going to be good at keeping an upward momentum for Steem but it seems this Coronavirus believes in nothing. It is playing havoc on all of the world's financial systems, it does beat me why crypto can't take advantage of this situation but so it is.

As for Coronavirus it is supposedly already here in Honduras, but if the theory that it cant survive for long in hot climates is true we have nothing to worry about, we have had some cold fronts that sent the temperatures down to 70 degrees Fahrenheit, but today we were back to the good old 90 degree dyas.