Why the price of Bitcoin crashed in March 2020.

A lot of people have been wondering why bitcoin was over $13,000 in the beginning of March and later
fall below $4000 in the middle of March.Here are some reasons for bitcoin crash.

1. Investors, due to Panic over Coronavirus pandemic decided to liquidate their high-risk assets which includes cryptocurrencies.

2.While people were focusing mainly on the Coronavirus pandemics as the reason for the crash, there were other factors that led to this crash which includes conflicts and risks that have been affecting the global market lately.The conflict over oil prices between Saudi Arabia and Russia caused unexpected decrease in the price of oil thereby imposing extra pressure on the global markets,causing fear,panic and uncertainty for investors.

3.Sell orders were more than buy orders. Cryptocurrency by nature is characterized with volatility and high risk however, extreme volatility was noticed on crypto exchanges in the middle of March. Investors that have been trading or holding bitcoin started selling because of fear and panic therefore flooding the market with sell orders.

4.It was also said that the drop of price was caused by the selling out for bitcoin by PlusToken.PlusToken is a Ponzi scheme that swept China and Korea over the last few years,it sold about $2 billion worth of bitcoin and altcoins which was stolen from investors, causing prices to fall as supply flooded the market.

These are some noticeable reasons for the crash of bitcoin price in March. What do you think and what are your thoughts on the price decrease?

PS: Stay safe during this pandemic, NAIJACRYPTO cares

chrizzyace:


Yes I’m in Lagos

Alright click HERE to register

chrizzyace:


Good Evening to you Bro... Thank you for this insightful and informative piece. I am interested in learning about trading in the bitcoin or forex realm, please if you' don't mind rendering a training service. I would be so delightful. My email is chrizzyace@gmail.com I hope to hear from you soon.

Chris

I focus more on cryptocurrency than forex.
Are you in Lagos?
We have a conference coming up soon and it is free.

Register

rolly44:
Ok. Tanx, pls, if u kno litle about forex trade please can u explain little for me, not how to trade but the step to start including the broker u just mention, sorry 4 d inconvnece.

No problem. You can read this article it is well detailed https://www.benzinga.com/money/forex-trading-in-nigeria/

rolly44:
Ok tanx, is it thesame in forex trade?

No, it is not. in Forex trading you have to pick a broker.

rolly44:
Plz, op, can an individual who dons't kno any thing about bitcoin just go and open accnt or u need an agent, wat i mean is that i will log into the site fill d infor and get my wallet, or just lik forex trade, they said u must open an acct thro an agent lik, hi marker,fmx etc, u cant trade drect, please clearify me tanx.

You do not need an agent to trade any cryptocurrency. the first thing you need to do is learn about cryptocurrency and trading them. You cannot know everything at ones, there are a lot of articles and videos on youtube that can help you.
There are also a lot of conferences being organised in Nigeria every month to educate people.

As a beginner, I would advise you to start by using a Nigeria exchange that will be easy to understand then from there, you can progress.
Naijacrypto Exchange is good for beginners like you because they do not charge any fee for trading, you can check them out.

Samfloxin:
Someone encouraged me to start Bitcoin business.he has opened account for me.Do you think it's not risky investing now the world economy is shrinking?

You need to ask him the following questions
1. What website did he open account on for you
2. Ask him what he is planning to do with your money
3. Ask him what he means by "Bitcoin business"
4. Tell him to teach you how to trade rather than help you trade.

You need to know that there is nothing like "Starting Bitcoin business.
In my experience, this is 90% scam.

As I was reading online today, I came across this question "How can I protect my Bitcoin and other Cryptocurrencies from hackers?". The question caught the interest of quite a number of crypto experts all around.

Here are some of the helpful answers provided:

1. First, don't keep all the coins you have in just one wallet and avoid online wallets. Also, definitely use hardware wallets, avoid sharing your personal and wallets data with anyone and keep your details In a safe place. Keep the hygiene of your computer and mobile, always update your antivirus and avoid clicking on suspicious attachments, links etc.

2. Set up two-factor authentication. 2FA Authentication requires users to have two things to log into your e-mail account: something you know (password) and something you have (your cellphone).

3. Your wallet will be safer without having too many unnecessary downloads of applications on your computer or phone.

4. Always keep a backup of your wallet and always use cold storage for storing Bitcoin. Never disclose your Private key and never transact on a mobile device.

5. Avoid FREE WiFi, that the simplest way to get hacked. Always make sure you must secure your device first.

Naijacrypto cares!

Is Bitcoin a Scam?

Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.

Here are the 4 common bitcoin scam tricks you need to spot and avoid:

1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.

2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.

3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.

4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.

Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Stay safe!

Author: Ojelabi Dolapo R. from Naijacrypto

www.Naijacrypto.com Launches the First Ever Cryptocurrency trading competition module in Nigeria

Naijacrypto is a highly secure peer-to-peer cryptocurrency exchange. It owns both web and app-based platforms that enable users to conduct trades of some major cryptocurrencies in the market.

Naijacrypto, in its vision to create outstanding solutions for cryptocurrency traders, is excited to announce the launch of its trading competition module. This module allows both experienced, upcoming and beginner traders to trade various cryptocurrencies using virtual money and win prizes for good performances.
In this competition:
• A trader can trade up to 30 cryptocurrencies including Bitcoin, Ethereum and Monero.
• Trading is with Demo money but the prizes are real!
• There is a live feed given for every cryptocurrency the trader wishes to trade
• Traders can view a leaderboard and see where they stand in the competition
• Traders can test their trading skills without the pressure of using real money.
• Any trader can pick a competition that suits them.
• Competitions run daily, weekly or on a monthly basis.
• Chatbox available so competitors can chat and learn among themselves

Payout:
All rewards are paid into your Naijacrypto account. Account holders will be able to claim their prizes directly to their wallet once the competition is over.

Naijacrypto believes that this competition module is an opportunity for those trying to learn cryptocurrency trading to involve themselves in trade scenarios without the pressure of using real money. The interaction between beginner traders and pros can make the action of pros rub off on the beginners.

The trading competition module is now live on the naijacrypto website. The first competition is free to enter with the winner being rewarded with 100,000 naira for first place, 60,000 naira for second place and 40,000 naira for third place.

They are always open to partner with individuals and organizations who wish to organize or sponsor their own competitions on the platform.
To participate in the first free competitions or any subsequent competitions, simply create an account on www.naijacrypto.com or download the naijacrypto app on the google play store.
Please note that there would be deferring competitions on the module with deferring roles.

Naijacrypto.com Launches the First Ever Cryptocurrency trading competition module in Nigeria

Naijacrypto is a highly secure peer-to-peer cryptocurrency exchange. It owns both web and app-based platforms that enable users to conduct trades of some major cryptocurrencies in the market.

Naijacrypto, in its vision to create outstanding solutions for cryptocurrency traders, is excited to announce the launch of its trading competition module. This module allows both experienced, upcoming and beginner traders to trade various cryptocurrencies using virtual money and win prizes for good performances.
In this competition:
• A trader can trade up to 30 cryptocurrencies including Bitcoin, Ethereum and Monero.
• Trading is with Demo money but the prizes are real!
• There is a live feed given for every cryptocurrency the trader wishes to trade
• Traders can view a leaderboard and see where they stand in the competition
• Traders can test their trading skills without the pressure of using real money.
• Any trader can pick a competition that suits them.
• Competitions run daily, weekly or on a monthly basis.
• Chatbox available so competitors can chat and learn among themselves

Payout:
All rewards are paid into your Naijacrypto account. Account holders will be able to claim their prizes directly to their wallet once the competition is over.

Naijacrypto believes that this competition module is an opportunity for those trying to learn cryptocurrency trading to involve themselves in trade scenarios without the pressure of using real money. The interaction between beginner traders and pros can make the action of pros rub off on the beginners.

The trading competition module is now live on the naijacrypto website. The first competition is free to enter with the winner being rewarded with 100,000 naira for first place, 60,000 naira for second place and 40,000 naira for third place.

They are always open to partner with individuals and organizations who wish to organize or sponsor their own competitions on the platform.
To participate in the first free competitions or any subsequent competitions, simply create an account on www.naijacrypto.com or download the naijacrypto app on the google play store. Please note that there would be deferring competitions on the module with deferring roles.

very insightful.
Recently, my friends have been talking about one exchange platform for buying and selling crypto
it is www.naijacrypto.com
please what is your take on the platform

I was just introduced to trading of bitcoin in about 2 months now, i am using [url]naijacrypto.com[/url]
Easy to use exchange platform even for beginners like me.
naijacrypto.com also support wallet service I.e you can get create a bitcoin address with naijacrypto.com

but why am I not surprised tho .they even make typo errors in their questions most time.

It's crazy how Jamb complained about malpractice when it was paper and biro period, only to bring up Cbt and still complain about worse malpractice. they just keep delaying legit student that read their ass out to write the exam. Anyway, THIS IS NIGERIA.