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Topic: COVID-19: Do not worry the market worry on people. - page 2. (Read 825 times)

hero member
Activity: 1750
Merit: 589
The direct effects are the closed shops, factories, stores, hotels, tourist attractions and so on; cancelled flights and ship travels; draining of stocks for selling; and so many other effects. All this will certainly hit the people hard.

This is now worrisome. The effect is now deprive people of fun and normal living. In sports now, so many games have been cancelled and some played without fans  coming to watch.
Some countries too I have read are burning their fiat because of presumed contact. I hope the world would soon go pass this health challenge.
In my lifetime, this is the first time i do experience where a kind of virus did really give big effect worldwide where it do already comes to a point where it affects traditional operation and hobbies etc.

This is indeed a worrisome thing if this wont be still resolved in more months then we can expect a further or severe situations compared on what we have seen at the moment.

Im not really concerning into market or economic situations and i agree into on op's points that we should be worry on humanities situation.

Same, this is my first experience to know virus like this. COVID-19 is indeed dangerous and cause of many people's death especially elders with weak immune system. Well, the economic market we have are close to collapse but we are not yet there we can still survive. Most of the scientists and researchers are now formulating some vaccines or test kits for patients that are confirmed holder of the virus. Hoping that everyone of us will survive this crisis soon. Also, it is tough to not notice the sudden drop of the market but we know that maybe after this quarantine everything will be back to it's normal situation like before. For now, let's just focus on the people and let's focus on our family's safety. For the meantime, let's help our country to heal by staying at home, and be updated to government's advisories, also just have patience until this market to be fix again.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
It's hard not to panic when this pandemic continues to increase every day and we cannot assume this problem is a small problem, so I think it's natural that there is a panic that happened but over time at least, many efforts have been made and also the market has recovered slightly and with so, then the panic will be minimized because of good self-awareness and although panic occurs at the beginning, but at least it does not have to make us sell all the assets we have because after all the change will definitely happen and be patient.
legendary
Activity: 3052
Merit: 1273
Coronavirus is getting recovered in many cases and will get abolished if we all try and maintain safe distances from people who are infected. I don't think BTC plummeted due to Corona but it looks like bears needed a reason to dump it and so was the right time to do that. Rest was history and what we're seeing nowadays is totally different. You are correct in your point that we need to take care of everyone rather than getting stressed about the markets because these times will clear in near future and markets will stabilize and pump back, but those who lose their lives due to this virus won't be back.
hero member
Activity: 3010
Merit: 629
The virus has a huge impact in our economy. Establishments are closed and we have to stop working (without pay) to not get infected so people are just counting for the relief goods given by the local government but its not enough. You dont get any problem if you have savings but to those who dont have this situation is really hard. Im not surprise when the market turns bearish because of the investors worrying for their investment so they panic sell and those who chose to give up their assets to have cash to spend for their daily needs.
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
Yes that's right the covid19 is the virus which is affecting the market and it is normal. The thing that we need to be afraid off are those people who are worry so much and intent to sell all of thrir holdings because they are afraid that the value of their tokens or coins will eventually dumps so much.
sr. member
Activity: 1313
Merit: 278
According to coinbase:


So what happened here?

The reasons behind the Bitcoin crash were similar. Some short term speculators sold, some institutions required cash for margin calls elsewhere, and some leveraged positions were forced to close. But it dropped harder and faster for Bitcoin than traditional markets for one central reason: the size and scope of leverage in the Bitcoin industry.

Traditional equities markets limit the amount of leverage to ~2–3x. In contrast, Bitcoin has some offshore exchanges that offer 100x+ leverage, where $1 of Bitcoin could be used as collateral to back $100 in purchasing power. To be fair, this is very risky — a position leveraged to 100x would get force-closed if the market moved just ~1% against you. So most traders hold positions at a more sensible 5–30x leverage, but still notably
higher than 2–3x.

https://blog.coinbase.com/on-crypto-markets-and-bitcoins-value-proposition-2fbbca5349dd
sr. member
Activity: 938
Merit: 251
Covid 19 make market worried with lower price and many people panic for selling coin with lower price, this bigger virus in the world because many people have pass away and a lot of them keep stay at home by this virus, when many people do not get income will sell bitcoin and altcoin although lower price.
sr. member
Activity: 1313
Merit: 278
It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.

It seems that the epidemic has revealed the world problems that we have at the moment.
I can’t say that it is the virus that causes the global recession, but it definitely served as a catalyst. I wonder how long it will last and how countries will get out of such a predicament.
member
Activity: 406
Merit: 13
Actually I haven't look at exchangers nowadays, my attention is on the current situation here in our country about the virus.
We really can't help but worry coz it is getting serious.


Yes you are right we are in the same situation, all people here are so worried about the corona virus because its getting serious, they worried too about their families especially if they are poor, they can't stock food or medicines in this kind of serious situation, because all the cities here are been locked down
full member
Activity: 546
Merit: 122
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We all know that when the COVID-19 starts and spreads over the world many people are get infected so that many those countries are in lock down to prevent the virus on spreading it,  and we cannot avoid the market to fell because of many business are shutdown temporarily. But don't worry about the market because it will not last and soon it will recover, as I said it was temporary and not permanently we need to think our healthy first before anything because when we get sick it was so difficult but in market it was so easy to recover again when we get back to our normal lives.
sr. member
Activity: 1313
Merit: 278
It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.

It seems that the epidemic has revealed the world problems that we have at the moment.
I can’t say that it is the virus that causes the global recession, but it definitely served as a catalyst. I wonder how long it will last and how countries will get out of such a predicament.
hero member
Activity: 742
Merit: 507
It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.
Signs of a recession were looming even before the coronavirus, falling oil prices and the subsequent collapse of exchange-traded assets. The economy is designed in such a way that it cannot constantly grow; after growth, there must be a serious decline, without this, nowhere. And all this is cyclical.
full member
Activity: 644
Merit: 127
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It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.
People as of now is worried about what is happening because of the COVID-19. Thus affects the market price since they need to close the peer to peer transaction to avoid the transmission of the said virus. They chose to have a downfall in the economy rather than sacrificing the health safety of their people inside their country.
full member
Activity: 686
Merit: 100
★Bitvest.io★ Play Plinko or Invest!

I am really hoping that this virus would have a cure as soon as possible, this is really a serious thing,

This is what we hope, Corona will pass away and our economy circulation can running again. I agree worry about people but in real life we can say if people don't have money how they can get medicine and treatment?. Our government help their citizen but we can see the quality and quantity is not enough. Real action is changes our life style in healthy mode, if someone suspicious Corona give them help, take into hospital for next medication.
full member
Activity: 1498
Merit: 129
I strongly believe it is partly due to panic sell and also the whales have hands in it. According to statistics regarding the spread of the disease, the Europe has been termed as being at the center of the ravaging disease and this is important because large numbers of people hodling crypto are based in Europe. crypto hodlers in such countries such as Italy might have make panic sell of their asset
newbie
Activity: 31
Merit: 0
Believe the spread of the virus around the world has just begun. I don’t know if the cryptocurrency will continue to fall in the near future,
but I’m sure that all major markets will fall by another 10-20% due to the limited communication between countries and quarantine within most countries in particular.
I don't see those 10%, it may fall at best 5% and will climb around. I've seen a lot of news about billions being liquidated into the market by several big corporations
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
Believe the spread of the virus around the world has just begun. I don’t know if the cryptocurrency will continue to fall in the near future,
but I’m sure that all major markets will fall by another 10-20% due to the limited communication between countries and quarantine within most countries in particular.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
Well, the truth is that naturally you will worry about everything, it’s in human nature to be worried about almost everything lol. And another thing that will make you worried about your investment is when you don’t have enough to sustain you. There are people who just save money in their cryptocurrency wallet with hope that will withdraw it later and that the price will go up, and when it’s not going as they expected they will get worried.

Being worried about your investment in this market doesn’t mean that you’re not worried about people that are being affected by the virus. And moreover there isn’t much you can do about it, than just worry or find an organization that is set out to take care of the issue and support them financially through your donations, that’s the best you can do man.
full member
Activity: 574
Merit: 108
It is true, lives of other people are more important than the standing of Bitcoin in the market. We should consider to help other people that are affected by the virus in our own ways, big or small it doesn't matter, what important is your heart to help the needy.

As the virus became a pandemic, the standing of Bitcoin also goes into a dump but, we should not see this as a threat or in a negative way but, as an opportunity to invest and hold Bitcoin till the upcoming halving event. The way we view things is important because, it would be a great factor on how we make our decisions.
hero member
Activity: 2604
Merit: 816
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No need to panic, I'm in China right now, it basically has no new infected patients in most of the province now, and most of the business has been starting. However, there are travel restrictions between cities and especially continental now, and many companies in western depends on chinese delivery, this could bring them some trouble. But anyway, goods transportation has not stopped

That is great news. But we need to wait for a while until the recovery process is finished so we will see every business in that country can work as usual. However, I think in the other country, the virus still becomes the hot news because I see much news about people being infected by the virus, and they still in the isolation room for a while until they can get a cure. Maybe we should not worry about the market and the people who got infected because the market will be like that, and the government will handle people, and the virus will not be a problem anymore soon.
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