I am as an Asian person is very happy to hear this news, since the Corona virus has destroyed the market. And now the Asian market is recovering,
this to be very good news for the revival of the economy in Asia. Hopefully in the future it will not go down again, because if the market declines
until it happens again will be very dangerous. Can be more difficult to recover, and therefore this good situation must at least be maintained.
Hopefully markets in Europe and America can follow the Asian market that has begun to recover.
Topic: A little good news for Asia (Read 274 times)
Rebound is typical after a significant dip, but it doesn't mean that the market will reverse into bull immediately. If you look at this pandemic situation, many countries haven't reached the peak infection phase, so saying that it's over is a little bit too premature IMO.
At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
Still, the best news is that some countries are now recovering from the pandemic and have successfully lessen the rate of infection such as China, where the virus started. Mass cooperation is needed for the countries to stop the spread of the virus and finally create the antidote for it. At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
As we can see in the current situation of Bitcoin, its price is gradually increasing in this month of March which might indicate a good sign for the stock markets and other Cryptocurrency in the coming months.
Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.
so far Hang Seng is in position 21,696 and Nikkei is at 16,887. The stock index has not yet strengthened and this possibility will continue until an unpredictable time, not right to buy now because it is likely to continue to fall..
It is good news and i believe the same will happen everywhere. Markets can be volatile at times like these.
I like to think this the correction because people panic, and they sold their assets right away, same thing happen with crypto, bitcoin dropped to $4000 level but in the next few days the price started to recover and yesterday bitcoin just up to $6800 if I am not mistaken.
When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
I guess the people in crypto space panics twice as people outside coz you see halving will occur in the next few weeks then there is a virus than has been discovered and now is taking over the world creating casualties and rattles different kinds of market including stock and oil. The price last week drastically dropped due to this, however this is might be an indirect result of the virus but instead of the halving. If we are still hoping for a better position then might as well we should all do a strong hold in times like this. Panicking won't help in any way.When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
With that, investors who thinks bitcoin will rise back again were able to take advantage on the situation and actually I am not anymore thinking that halving could still be a big reason for the market to be bullish again as there is a bigger reason and that is why the pandemic will be over.
Per https://www.bitcoinblockhalf.com/, halving is 51 days from now, that's still a lot of time but usually the market are bullish prior to this big event but this pandemic would certainly not gonna make it possible.
Just like how a sudden jump in price encounters a rebound, a sudden drop would naturally come as well. Especially since traders are bound to realize. Realize that the cause of their suddenly sell off to the market is just "panic". A baseless reason to suddenly lose profit off, and once they see that the market has well, entered such a low point that profit can easily be seen, then they'd probably start entering, most if not all of them. Sadly, we are still in that state of "panic" so we can't really hit it off with the market right now.
From the previous weeks there is an expected outbreak happens to the world and this is the outbreak spreading rapidly and becomes pandemic in just a single week and this is the coronavirus or the NCov19 by this kind of virus many people hold their money and some of them goes to the other places just to avoid the spreading of virus and this time it causes too much damage and impacts to the stock market also to the Asia because this is the one of the frequently having trading and transaction for a time they avoid having transaction of import and export just to avoid spreading the virus and avoid the physical infection with the transferring of kinds of stuff. Still, we are hoping to bring back the market to normal and become profitable again.
Just like how a sudden jump in price encounters a rebound, a sudden drop would naturally come as well. Especially since traders are bound to realize. Realize that the cause of their suddenly sell off to the market is just "panic". A baseless reason to suddenly lose profit off, and once they see that the market has well, entered such a low point that profit can easily be seen, then they'd probably start entering, most if not all of them. Sadly, we are still in that state of "panic" so we can't really hit it off with the market right now.
I believe this crypto world will beat the panic of corona and melting down world economy because bitcoin was created for such situation and to react for world economic conditions.
I believe that China will have the most advantage in nearest couple months since its almost cured from corona and starts the flywheels of their countless factories.And most countries need those goods and China will deliver it
I like to think this the correction because people panic, and they sold their assets right away, same thing happen with crypto, bitcoin dropped to $4000 level but in the next few days the price started to recover and yesterday bitcoin just up to $6800 if I am not mistaken.
When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
I guess the people in crypto space panics twice as people outside coz you see halving will occur in the next few weeks then there is a virus than has been discovered and now is taking over the world creating casualties and rattles different kinds of market including stock and oil. The price last week drastically dropped due to this, however this is might be an indirect result of the virus but instead of the halving. If we are still hoping for a better position then might as well we should all do a strong hold in times like this. Panicking won't help in any way. When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
Well, they are not going to keep down, the time will reach when they will go back up and start increasing again. Even Bitcoin did go back up to $6000 after plummeting all the way from around $7000 to $3900. So, they are not going to stay down for a long time, markets fluctuates and there’s always a time for everything. That’s why I keep laughing at people that are selling their coins and running from the market, they forget that this is not a permanent situation and would not have happened if not for all the situations that we have been seeing.
I believe this crypto world will beat the panic of corona and melting down world economy because bitcoin was created for such situation and to react for world economic conditions.
I believe this crypto world will beat the panic of corona and melting down world economy because bitcoin was created for such situation and to react for world economic conditions.
I agree with you it just happened in Asia But I think it's great for Asia They will survive this epidemic and will not miss their economy. But with the development of the industry they will not be able to move forward because the economy will not be able to recover the market in the middle of one country if the economy of every country except Asia is disrupted.
Asian countries will survive on this pandemic and I also hope that European countries will do the same thing. This is expected after the fall there should be a bounce back. The economy of many countries in Asia will rise up again especially the developing countries. I just hope that recession is not true at the moment, I’m sure we can’t afford this one right now.
I like to think this the correction because people panic, and they sold their assets right away, same thing happen with crypto, bitcoin dropped to $4000 level but in the next few days the price started to recover and yesterday bitcoin just up to $6800 if I am not mistaken.
When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
When there is a panic, we normally see the price undervalued, so never think of joining the sale, instead, keep your positive mind and buy the dip if you can.
Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.
I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.
I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete.
Keep safe everyone.
I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.
I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete.
Keep safe everyone.
yes nothing will be stable forever, I mean if the market goes down then it will soon rise sooner or later.
I also see the crypto market has begun to improve in recent days.
I agree, people tend to see in a narrow and short vision. They do not think ahead, they always thought that there will be another great depression. If only people know how to think for themselves then it it is much better.
of course that a natural reaction, if you hear bad news about something then you will respond negatively first, instead of thinking about how to handle it,
This a very good thing but I think we also should expect that there chances that these increase are just temporary so we can't really use this index as a way of looking at things that the situation is getting better but nonetheless this is a good news.
Nothing goes down forever. Also nothing goes down all the time. To speculate that stock would reach bottom is way to early. Of course it is possible, but we live in global world. So news from everywhere can shake stock indexes everywhere else.
this is a common thing in the market...there are periods of ups and downs, utilizing momentum is an important decision.
It might have been a little bit of temporary good news, but I'm looking at the US stock market right now and everything is down significantly--the Dow is below 20k, down 6.72% so far this morning. Yikes.
US stock market is not looking good for a week now. hmmm.those stocks will definitely come back strong when the good news about controlling the Coronavirus is spreading.
To maintain the market , to maintain, to maintain the value of their own local currencies the government is urging the banks to sell their stocks to level out the crash .
The banks are trying to level it out but it is crashing at a very alarming rate.
The market is going to go down until and unless the people are healthy , the curfews are lifted and everyone is bank at their jobs .
Therefore don't think much about it the situation will pass as lethal as it is for the current market remember that we have survived worst senarios .
The banks are trying to level it out but it is crashing at a very alarming rate.
The market is going to go down until and unless the people are healthy , the curfews are lifted and everyone is bank at their jobs .
Therefore don't think much about it the situation will pass as lethal as it is for the current market remember that we have survived worst senarios .
To date, there are a lot of predictions about the further development of events in the cryptocurrency market. But all these forecasts differ from each other and each analyst gives not very convincing facts to confirm his words with all. Based on this, I am mistrustful of most forecasts, but nevertheless I have very high expectations for halving 2020, which should improve the situation in the cryptocurrency market. As proof of my expectations, you can take the halving of 2013 or 2016, when Bitcoin began to rise in price thanks to this process.
Rebound is typical after a significant dip, but it doesn't mean that the market will reverse into bull immediately. If you look at this pandemic situation, many countries haven't reached the peak infection phase, so saying that it's over is a little bit too premature IMO.
At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
Drops can't last forever! This drop now is not over yet, we can see prices dropping more, along with governments
strict measures. Many do not work already, by the end of this week we can see total shutdown. That can hurt markets
even more.
It's question for how long this will last, I hope not for long, because some are in deep problems already, if this continues
nothing good can come from that.
Rebound is typical after a significant dip, but it doesn't mean that the market will reverse into bull immediately. If you look at this pandemic situation, many countries haven't reached the peak infection phase, so saying that it's over is a little bit too premature IMO.
At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
At least my business is still shit atm, and I bet many people are still in the same situation as me. lol
What are people expecting, this recession to go forever? Of course economy will recover, people have seen the virus, people have reacted to it as well, all nations all around the world knows the dangers right now and companies know it as well as investors of those companies too.
We had the reaction, everything went down and we are doing a lot worse than a month ago, however we can't continue to go down forever, we can't have google stock at one dollar, we can't have Dow Jones going down to 1928 times, somewhere some place it will stop and we will start to move back up eventually. Maybe it is already starting, maybe investors realized that whatever they were afraid of has already happened and this was the bottom and now time to go back in so they can reap the benefits.
We had the reaction, everything went down and we are doing a lot worse than a month ago, however we can't continue to go down forever, we can't have google stock at one dollar, we can't have Dow Jones going down to 1928 times, somewhere some place it will stop and we will start to move back up eventually. Maybe it is already starting, maybe investors realized that whatever they were afraid of has already happened and this was the bottom and now time to go back in so they can reap the benefits.
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