Topic: COVID-19: Do not worry the market worry on people. - page 4. (Read 809 times)
Always have to worry with covid 19 or corona virus because make many people die and thousand people hurt and keep away from their house, now many football player get this corona virus and many parliament have got corona virus.
People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
Agree, it's far important to keep things safe than the current market movement. The more they value their health and be safe the more chances thatI guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
after this concern the market will recover back.
People should value life than the market, money can't buy your life if this issue might go deeper. Keep safe and hope for the best after this virus
got the proper solutions.
Today one of the widely spreading news is about the market price of the whole stock and many people are getting worried because some of us are making a lot of investment while the price is still low and today we are now facing again that the price of the bitcoin and other coins are falling down that was not quite a good news and because of this is the pandemic virus spreading worldwide many people getting afraid and they are now having some panic selling and some of the large investor are pulling out their withdraw too because they need to support the use of making a cure on their country still after this disaster we are hoping that the market price of the coin again will rise back and reach for over 10k dollars but still we need to hope and pray about it.
do you guys believe that COVID-19 affected this thing?
Yes, but that damn virus is affecting everything in the economy. Even the NBA canceled its season, apparently (that might be old news, but I'm a bit behind). Most people will not die from COVID-19, which is a fact that seems to be lost on a lot of people who are overreacting to this thing. Of course some people are going to die, but the media is playing up those deaths as if it's the norm. It drives me crazy.
Anyway, as far as bitcoin goes I think it's going to recover eventually. It got hit pretty damn hard in the past week, but I'm hopeful that we'll still see a new high for the year at some point. If scientists can manage to make a vaccine for the virus, I'm sure that'll calm a lot of people's fears. We'll see.
There is absolutely no better moment to buy stocks, gold, crypto or anything in general all due to people are being overly scared of corona virus right now. I mean we are talking about prices of things that should be going up that goes down all due to people being too scared and sell it instead of buy more of it. Look at the stock market in USA for example, it all went down due to the fear and now the market crashed but looking at the individual companies there hasn't been really a big fall in their sales right?
On contrary, some pharma companies actually made more profits as well and Johnson&Johnson should be going up like crazy thanks to their hand sanitizers actually running out of stock and can't keep up with demand, yet the stock is going down, it just makes no sense.
On contrary, some pharma companies actually made more profits as well and Johnson&Johnson should be going up like crazy thanks to their hand sanitizers actually running out of stock and can't keep up with demand, yet the stock is going down, it just makes no sense.
People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
Agree, it's far important to keep things safe than the current market movement. The more they value their health and be safe the more chances thatI guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
after this concern the market will recover back.
People should value life than the market, money can't buy your life if this issue might go deeper. Keep safe and hope for the best after this virus
got the proper solutions.
People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.
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.
We really can't help but worry coz it is getting serious.
Just like my here in my country the people here are scared on that virus because its spreading faster than we expected that's why the government in every country thet really need to take an action for this situation because it's really a serious disease.
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.
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.
COVID-19 has already been considered as a pandemic, which means that it is now spreading worldwide. The unique aspect of this virus is that it is very infectious unlike other communicable diseases or the other currently existing pandemic which is HIV AIDS. This is basically the primary reason why it affects to a very high extent the day to day living of people. It may not be as fatal as other diseases but since it is highly contagious, it shakes the normal lifestyle of the world. Almost all kinds of gatherings are cancelled; exams, conferences, concerts, sports games, television shows, and so on and so forth.
I am also not concerned of the market itself. I am concerned of its implications to the economic stability because that is basically about people, their life. Modern humanity is highly dependent on the market. Gone are the days when families can survive with what they grow in their backyards. Right now, everything has to be bought outside. A freeze in the market or lockdown of cities and countries will starve people.
the big force that drives the market is the human mind. today many people are worried about the corona virus, which paralyzes the economic sector, so that concern becomes a force, where many people take the same action, so the market moves significantly
Covid-19 has already put a lot of selling pressures not just on crypto market, but almost every traditional market all around the world. Just in Asia alone, stocks are plummeting because of the scare, so indeed everyone is affected, average joes' like us and huge whales around causing them to sell. So we can't really tell not to worry about it because we have seen the effects already. Here, new cases are discovered, classes are suspended and everyone are afraid to get out in fear of infection.
I can't say that COVID19 really caused the declination in bitcoin's price, but I can say it is possible. People affected by this virus tends to stay home - classes are suspended as well as employees work are taken to their homes. Without the circulating works and transactions, businesses will crash and it may really lead to recession. This recession can affect the economic status in a very not so nice and negative way just like what is happening to the stock market and maybe to crypto market as well. If this virus ever continue and spread more, people will surely be left no choice but to cash out fiat money from their banks and any investment they have just to have extra money for their everyday use.
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.You're ignoring the bigger context. BTC valuation is dependent on more than Bitcoin working online or markets trading 24/7.
This is the theory: corona virus causes recession, recession causes risk off investment period and job/growth losses. Risk off = investors are risk averse, selling risk assets like BTC (or equities, commodities, high yield securities) in favor of cash. Job and growth losses = pressure on BTC holders to sell (more supply) and less disposable capital to invest (less demand).
That's why a corona virus induced recession will be bad for BTC prices.
The market can surely recover after all these events are over, but what about the lives which are at risk? The crypto market and the conventional markets will still remain even if the virus goes full-on rampage. People's focus should be on the prevention of the spread of this virus and not making profits over someone's doubts and miseries.
I can sympathize with that, but it's also easy to say that as a spectator without much skin in the game. There are people whose financial well being and careers hang in the balance based on what the markets do.
This just goes to show you where the focus of everyone is: money and profits rather than the welfare and eradication of the virus. Though the governments and private sectors are working closely towards finding a vaccine to the said virus, those directly affected are still trying to make a buck or two out of the pandemic, which sucks since they can't use the money if they are dead. The market can surely recover after all these events are over, but what about the lives which are at risk? The crypto market and the conventional markets will still remain even if the virus goes full-on rampage. People's focus should be on the prevention of the spread of this virus and not making profits over someone's doubts and miseries.
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 .
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.
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.
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.
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.
The most important is people because life is more useful than money which is easy to find, but the life when lost we can't be restored, so if the percentages of miners were normally completed in their position the impact of bitcoin's price will be more further restricted formally. According to the newsbreak sources, the prediction of coronavirus can still reach up to April 2020 Probably, I think it makes sense to the people assume that traders are back to worrying, however, it is a commonplace where this is not new in the crypto world, it is impossible to avoid which is included in the business transaction.
Well, the market is basically something to worry about because it is all about the people. The market matters because it represents the people, their lives. When the market nosedives, it could mean people losing their jobs, losing their savings, losing the value of their assets and properties, and so on. The root cause, of course, is the virus. 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.
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.
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