The cryptocurrency markets have not behaved indifferently before the changes, this product of the situation generated by the latest world news.
The coronavirus has generated so much fear in the population and the markets that it has caused panic among the cryptocurrency market, this disease that perhaps was not believed to be a pandemic, has managed to direct the collapse of all markets , some markets that were trying to reach high points in recent months but due to the complexity of this disease, the cryptocurrency market has become completely irrational when it comes to buying or selling in this world. Investors have gone crazy !!, this because they have put aside rationality, they have been carried away by the moment of uncertainty and the panic of the coronavirus, but these are current that investors have as a result of good news or bad, they put aside reason and allow themselves to be carried mainly by feelings of uncertainty, euphoria, panic. You will always try to act crazy when you feel that the market is somehow working in an atypical way.
That the markets have high and low peaks like a mountain is normal but the result of these changes is as a consequence of the subjective part of the investor, that is to say, of the deductions of an internal and sentimental nature that it can take, these feelings are allowed to be included Because the investor is always thinking about the future, always managing these decisions through very unreasonable expectations in certain cases such as this one of the coronavirus. An investor in a matter of seconds can change his way of thinking to see a market from positive to negative, to perceive that he can make a profit and to think in a second that everything is going to be a disaster, these internal changes may be originated simply because of a change in mood or health. In the cryptocurrency market, it must be known that the world is in constant change and that over time different types of changes or circumstances may occur that generate alarm or instability in people and we always manage to perceive the bad at first. , the disaster, believing that everything is lost and that nothing can improve that the problems will be eternal, but this does not happen only with the events that generate negatives in the market, in the same way many times in the moments of growth we go towards irrationality believing that prices will never stop rising and that they will last forever.
Logically, there are also a number of rational thinking investors who see the market more from a subjective point of view and who are responsible for generating large profits in times of crisis and uncertainty, these are known as "Smart Investors", these investors are responsible to capture that large number of irrational and pessimistic investors and buy from them, then take care of selling to rational and optimistic investors who see positive moments in the future. Right now these smart investors are in the supreme happiness because they are taking advantage of the abrupt drop in the price of cryptocurrencies because they are aware that the world has been able to free itself from worse crises because no crisis or negative situation is eternal. At the moment, the uncertainty and ignorance that may happen in the future is generating can buy at a discount, the Bitcoin as of yesterday was It was trading at $ 7,600 and at the end of yesterday close to $ 5000, this is what I mean by discounted purchases made by smart investors. Investors undervalue what they have and prefer to sell low and do not know the terrible mistake they make, simply because of the lack of seeing and facing the situation with a little rationality, smart investors in times of decline, buy. Sales are made when there are times of rise. But it is noteworthy that the large number of investors are more carried away by subjective irrationality than by rationality. Something very important to clarify is that when I speak of irrationality it is not due to some pathological distortion, that is not due to the lack of control and self-control in times of an unstable market.