COVID-19: Do not worry the market worry on people. - page 3.

sunsilk

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Quote from: Xampeuu on March 14, 2020, 12:25:31 PM

Quote from: sunsilk on March 14, 2020, 08:31:10 AM

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

same with me. as long as I can survive, then I'm not worried about this decline, because this is only a cycle, which affects market movements. when all the scientists of the world are experimenting to find the antidote, then this vaccine will soon be found, on the other hand the change of the season is only 2 months away, at that time usually the virus will die by itself, and everything will return to normal

Let's hope so that the climate will help for some countries but to the affected with very cold climate, they will take time to recover. Everyone is badly affected but I agree to this guy above that there's no need to panic.

The market doesn't shape well but it will be perfect again when all the markets and businesses that have been affected starts getting back in business again. I wish that after a month or two this will be solved.

johnyj

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Quote from: abhiseshakana on March 14, 2020, 01:03:33 PM

Quote from: redsun114 on March 14, 2020, 09:54:37 AM

What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

If the number of victims is one billion, then surely the number of victims who suffer more. If it is caused by a corona outbreak, if one billion people die, then about 30 billion people will be infected (assuming the mortality rate about 3.4%), meaning that everyone in the world will be infected with the coronavirus. If this happens then the economy will be paralyzed or stopped and surely chaos will occur.

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

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

pixie85

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Quote from: cazkooo on March 14, 2020, 01:37:05 PM

Darn shit, I wouldnt imagine that I billion people died. If it could stay below 100k casualty than that would be massive win for humanity. There will be alot more shit that would happen if 1 billion people actually died.

1 billion people is like 1/8 of the whole world population. If you watch the avenger movie, half population got wiped and you could see the how the world turn into some kind of shit

It's already a loss for mankind.

One nation was developping a bioweapon that got released somehow and is now threatening the whole world yet the world isn't even trying to come to the bottom of this and make the people responsible for this disaster pay. They're acting like it came from space.

The panic is not even adequate to the danger the virus presents. With 2% mortality rate it's not going to do much more than a normal flu. If you're afraid just stay at home. You can't get it from air, you have to come in contact with a sick person or something that person touched not long ago.

cazkooo

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Quote from: abhiseshakana on March 14, 2020, 01:03:33 PM

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

Darn shit, I wouldnt imagine that I billion people died. If it could stay below 100k casualty than that would be massive win for humanity. There will be alot more shit that would happen if 1 billion people actually died.

1 billion people is like 1/8 of the whole world population. If you watch the avenger movie, half population got wiped and you could see the how the world turn into some kind of shit

abhiseshakana

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Quote from: redsun114 on March 14, 2020, 09:54:37 AM

What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

If the number of victims is one billion, then surely the number of victims who suffer more. If it is caused by a corona outbreak, if one billion people die, then about 30 billion people will be infected (assuming the mortality rate about 3.4%), meaning that everyone in the world will be infected with the coronavirus. If this happens then the economy will be paralyzed or stopped and surely chaos will occur.

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

Xampeuu

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Quote from: sunsilk on March 14, 2020, 08:31:10 AM

Quote from: AlecMe on March 13, 2020, 01:37:07 AM

Quote from: sunsilk on March 13, 2020, 01:15:51 AM

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

This came as standard instruction where I am :

Code:

There is currently no specific treatment for coronavirus.

Antibiotics do not help, as they do not work against viruses.

Treatment aims to relieve the symptoms while your body fights the illness.

You'll need to stay in isolation away from other people until you've recovered.

Just like a cold or flu, this has to be fought by the body. I am not sure about what antidote you talk about?! TBH the only deaths so far are people with pre-existing illnesses and especially elderly.

Regarding BTC, this would be the worst time to sell, unless you bought cheaper that this a while back.

If you have money to survive this unfortunate event (spare food, being safe, etc), in my humble personal opinion, you should not sell.

At the end of the day though, you know what is best for you and your money. Here lies the difference, BTC is different as it is all entirely up to you with what and when it means and values to you (when correlating to cash $,£, etc)

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

same with me. as long as I can survive, then I'm not worried about this decline, because this is only a cycle, which affects market movements. when all the scientists of the world are experimenting to find the antidote, then this vaccine will soon be found, on the other hand the change of the season is only 2 months away, at that time usually the virus will die by itself, and everything will return to normal

redsun114

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What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

sunsilk

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Activity: 3038

Merit: 634

Quote from: AlecMe on March 13, 2020, 01:37:07 AM

Quote from: sunsilk on March 13, 2020, 01:15:51 AM

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

This came as standard instruction where I am :

Code:

There is currently no specific treatment for coronavirus.

Antibiotics do not help, as they do not work against viruses.

Treatment aims to relieve the symptoms while your body fights the illness.

You'll need to stay in isolation away from other people until you've recovered.

Just like a cold or flu, this has to be fought by the body. I am not sure about what antidote you talk about?! TBH the only deaths so far are people with pre-existing illnesses and especially elderly.

Regarding BTC, this would be the worst time to sell, unless you bought cheaper that this a while back.

If you have money to survive this unfortunate event (spare food, being safe, etc), in my humble personal opinion, you should not sell.

At the end of the day though, you know what is best for you and your money. Here lies the difference, BTC is different as it is all entirely up to you with what and when it means and values to you (when correlating to cash $,£, etc)

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

TheGreatPython

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Some people are saying that they were expecting the price to go up when the Coronavirus outbreak started Undecided

like, how the heck are you expecting Bitcoin to go up? Adoption? Sorry you’re all wrong. I know for sure that if Coronavirus was going to have any impact on Bitcoin is going to be a decrease in price and that’s it, and even the stocks market were affected, except gold that kept increasing since beginning of this year, though it did fall back a little bit recently.

The reason I wasn’t expecting an adoption is because I knew that if people would need a contactless payment (technology payment) they would go for others like PayPal, since there isn’t much places where Bitcoin is being accepted. But this is not going to be for long, things will get better.

elisabetheva

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Quote from: sunsilk on March 13, 2020, 01:15:51 AM

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

agree, in a situation that is not good it is wise to hold back first, because turnover is very fast and can just be impatient will only bring harm. It must be remembered that all can change at any time and only need the right analysis you can do.

Quote from: sunsilk on March 13, 2020, 01:15:51 AM

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

AlecMe

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Quote from: sunsilk on March 13, 2020, 01:15:51 AM

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

This came as standard instruction where I am :

Code:

There is currently no specific treatment for coronavirus.

Antibiotics do not help, as they do not work against viruses.

Treatment aims to relieve the symptoms while your body fights the illness.

You'll need to stay in isolation away from other people until you've recovered.

Just like a cold or flu, this has to be fought by the body. I am not sure about what antidote you talk about?! TBH the only deaths so far are people with pre-existing illnesses and especially elderly.

Regarding BTC, this would be the worst time to sell, unless you bought cheaper that this a while back.

If you have money to survive this unfortunate event (spare food, being safe, etc), in my humble personal opinion, you should not sell.

At the end of the day though, you know what is best for you and your money. Here lies the difference, BTC is different as it is all entirely up to you with what and when it means and values to you (when correlating to cash $,£, etc)

AniviaBtc

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Quote from: Twinkledoe on March 10, 2020, 06:39:14 PM

Quote from: kawetsriyanto on March 10, 2020, 06:31:39 PM

Quote from: hahay on March 10, 2020, 10:19:57 AM

Not sure this corona virus or COVID-19 really affected the collapse of the crypto market, because this market works online

Indeed. Crypto market works online and it should be no problem with the coronavirus. I agree that it won't bring significant impacts to the trends on crypto market. But it probably has an impact if many crypto traders or investors get infected by the virus. It will make them not active in crypto market temporarily or forever. I assume people who said that coronavirus affects crypto market in this way.

We can consider also those miners or mining farm with high percentage located in China. So if these mining farms will be temporarily shut down because the government told them so, I think it will have an impact in bitcoin's price. Also, those manufacturers of mining equipment and gadgets are subjected to this temporary shutdown. And the shipping around the globe will stop for a while to combat the spread of this virus. Though online transactions will not be affected but other factors in bitcoin-related activities are suffering.

One more thing, blockchain conferences are also affected by this. So we are expecting them to cancel such crypto gatherings and this is bad for those projects that wanted exposure in the blockchain community to get potential investors.

All we have to do is to protect those miners or farm that isn't located in China but those who are in a places that is not yet infected by the virus. In Czech Republic and Iceland, they are far from the countries affected by the virus, so we still have hope to help our bitcoin miners to become safe and healthy from the covid-19. It is hard to see that bitcoin will continuously have a downward movement in the market if that happens. I don't believe that online transactions are not affected, there are some factors that needs to consider. Internet connection in some countries aren't stable, some apps are shutdown, some people are under investigation and need to be scanned. If they are quarantined, they will have a limited time to use their gadgets in accessing their crypto, and the volume in the market will surely decrease over time.

sunsilk

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Activity: 3038

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If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

TravelMug

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Quote from: johnyj on March 12, 2020, 12:36:39 PM

Quote from: plast555 on March 12, 2020, 11:40:25 AM

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

Even the gold crashed hard today. So it seems everything is sold for fiat money, which we consider it a scam. That's how average Joe's mentality is. But in a total lockdown status, you can not even go out and sell your gold, so it becomes reasonable that gold also crashed. Anyway, if everyone were forced to stay at home, I see more activities in cryptocurrency area

It will have a domino effect, shortage of goods, because the producer has halted their production, or produce is not coming because of the lockdown, it's really scary because everyone is affected in a global scale.

When we thought that bitcoin is a good hedge, we are all wrong, not even gold or traditional market is, everyone wanted cash at this point, but the problem is where can you used your cash when there is not enough goods to buy with?

fiulpro

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Quote from: Ucy on March 10, 2020, 09:19:07 AM

Well, our market don't have to go down. If we build a good decentralized system, we won't go through what others are going through except when we come out to help those in need. Building a great decentralized network will also help save alot of people that ordinarily would've been lost to dependance on typical centralized systems. So I prefer to be very committed in decentralized crypto project/projects.
We still have some time to do things right.

Burning cash ?
People loosing jobs and government loosing control
People going into quarantine
Government using large amount of money to help the patients
Society crumbling and all the panic buying is making people loose their money and they are selling stuff to survive since jobs are not viable enough because public places are supposed to be avoided.
It is indeed a situation where the economy will go down I believe.

johnyj

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Beyond Imagination

Quote from: plast555 on March 12, 2020, 11:40:25 AM

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

Even the gold crashed hard today. So it seems everything is sold for fiat money, which we consider it a scam. That's how average Joe's mentality is. But in a total lockdown status, you can not even go out and sell your gold, so it becomes reasonable that gold also crashed. Anyway, if everyone were forced to stay at home, I see more activities in cryptocurrency area

plast555

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Quote from: Yatsan on March 10, 2020, 09:47:06 AM

Quote from: Twentyonepaylots on March 10, 2020, 09:30:43 AM

The worry starts with people since people are the one responsible for everything in here then it reflects to the market. It is been a long talked, if the corona virus did take affect the crypto market, In my opinion, yes it does however the movement is going to the other way. I expected the price to go up after seeing the outbreak thinking people would use crypto for payment in many case but it seems like we are all wrong, the price is continously declining in what direct reason? we still don't know and we'll not know.

I think Corona virus didn't affect the cryptocurrency considering that, it's not a threat to any cryptocurrency and we have nothing to do with it. As you can see now, the stock are taking all the damage from it because, they have a real-life establishments that will suffer from the virus from the lack of customer's all around the world.

Empty transportation vehicle, people losing jobs, No tourism and lastly global markets that are crashing. That is basically, what corona virus is affecting, with regards to crypto it doesn't have any effect since it's on the internet and no real-life asset could take the damage from the virus.

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

shoreno

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indeed your right . it seems like people are acting like a noob . how many times they see that crypto market is up and down ? but this covid thing is new and its a more serious case than on crypto because people's lives here are at risk . when people dies that is a minus point for crypto because that people can potentialy invest on the future if ever he isnt an investor now . right now i do worry on corona the most because its reported that it already entered our country . this was verry alarming because the number is slowly increasing from 2 before now to 53 .

Meowth05

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We can't brush off the fact that their is a worry for the peopel. They are an important asset for any country. Being on alert helps in making the situation less worse, keep an optimistic mindset, and slam those fake news which harbor panic. Market will be active at this time and this will cause some plummets to other market some market will surge.

FlightyPouch

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Quote from: imstillthebest on March 11, 2020, 03:25:16 PM

Quote from: FlightyPouch on March 11, 2020, 09:23:44 AM

I think people are overreacting since they thought that if people are having a hard time dealing with transactions and money because of this epidemic, they might sell their bitcoins and affect the price negatively. We should not be affected in terms of our crypto currencies, this virus is not directly affecting the price of bitcoin if it was the reason of the dump it should've dropped earlier when the virus is just starting.

but its not the case that happen . the price of bitcoin increase more right after the start of virus but the price drop after several days . that is because no people are not affected yet but eventually it spread fast and affect the people severly .

i think over reacting is part of thier plan because they want the prices to drop so that they can accumulate the item easily . if the drop of the price affect cryptos then we should be happy because this what were all waitin for .

If that is the case then what is the connection of the pandemic and the price of bitcoin? The price fell last week because of an exchange being hacked as far as I know. It has nothing to do with the pandemic that is happening. It just a coincidence that the price pump and price dump happened at that point.

Topic: COVID-19: Do not worry the market worry on people. - page 3. (Read 825 times)