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Topic: COVID-19: Do not worry the market worry on people. - page 5. (Read 834 times)

full member
Activity: 1736
Merit: 121
The corona might have been hitting on bitcoin maybe because of panic sell off. This however is coming at a time where the market is preparing to meet halving. Therefore, I think halving might help to boost price soon.
legendary
Activity: 2450
Merit: 1140
duelbits.com
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.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
Not sure this corona virus or COVID-19 really affected the collapse of the crypto market, because this market works online and the markets affected by this virus are at least traditional markets or other physical forms, and if they switch to the crypto market then it's likely large prices will rise significantly due to increased demand and a large number of transitions.
full member
Activity: 612
Merit: 102
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.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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.
sr. member
Activity: 1932
Merit: 370
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.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
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.
legendary
Activity: 2744
Merit: 1288
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.
sr. member
Activity: 1274
Merit: 278
As we all know bitcoin is starting falling, do you guys believe that COVID-19 affected this thing? I have read some threads that is somehow related on it and they keep telling that COVID-19 affected the market, they are really panic because the market is start falling and may affect their investments and trading transaction, which is not good for them. About this investing do not worry about that because you may still hold your money until it backs to pumping.

The thing is do not worry the market worry on people, there are so many affected people and areas about this COVID-19, there are a lot of suspended school classes for how many weeks, which is not good for all the students out there, there are a lot of affected workers, company workers, labors because of this virus, which can really affect our economy. Worry about people because if traders in this virtual world will be affected because of the virus then for sure our market will goes down.

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