Do not blame it on Corona outbreak | Bitcointalksearch.org

Adya

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Quote from: Krabby on April 10, 2020, 09:17:25 AM

Quote from: Adya on April 10, 2020, 08:53:51 AM

Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

all movements what we see now in that market befor halfing of bitcoin was predicted many times right here on this forum. many projects use coronavirus just for excuses.

Absolutely agree, weak projects and scams are using corona to justify their downfall. We should stay away from those projects because they are scams, although corona is affecting worldwide but this market is still growing. In recent years many newcomers have come to this market and invested in leading altcoins in this market

yes most of projects who use pandemic for excuses are scams. should leave them. but some of them not scam but they scared. chickens. and i do not know what is worsew. probably should leave them to.

Japinat

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Quote from: umbara ardian on April 27, 2020, 03:29:49 AM

It has caused many financial markets to collapse.

Even the biggest country and the most power were affected, in fact this is a global crises that makes the global market struggle, and worst is until now we are still experiencing it, the virus is here because the vaccine is still not out or not discovered yet.

Quote from: umbara ardian on April 27, 2020, 03:29:49 AM

This disease has not yet been prevented and controlled. So I believe the market will continue to worsen in the near future, in case the virus is controlled then I think we need to wait 2-3 years for the markets to recover and grow.

True, but I have a feeling that this year the market will be able to recover again as there's a chance the vaccine will be release this year.
I not sure with that but based on what I read with many articles, it convinces me that scientist will be able to discover it soon.

aioc

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Unfortunately, that is the reasons and the alibi being given by other projects being paused the pandemic has an impact on the market because some people are really selling their coins, and we have no control of this because there are investors whose location was directly impacted by the corona and because of their economic situation they have no choice but to trade their coins.

peter0425

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

if thats your stand then maybe you can tell us what is the reason of this Dip?it is obvious that the world economy reacted in this pandemic thats why people are shaken and decide to withdraw their crypto asset to have assurance in their financial situation because no one can tell us when this will be stopped ,the more you have Money in your pocket is the more you can survive.

umbara ardian

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Quote from: cahbagus555 on April 27, 2020, 03:26:39 AM

Quote from: rdewilde on April 27, 2020, 03:14:18 AM

I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

The Coronavirus pandemic however has a negative effect on all financial sectors and includes the cryptocurrency market. The longer the coronavirus lasts, the economic activity will be disrupted and I think it will affect economic growth and trade

It has caused many financial markets to collapse. This disease has not yet been prevented and controlled. So I believe the market will continue to worsen in the near future, in case the virus is controlled then I think we need to wait 2-3 years for the markets to recover and grow.

cahbagus555

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Quote from: rdewilde on April 27, 2020, 03:14:18 AM

I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

The Coronavirus pandemic however has a negative effect on all financial sectors and includes the cryptocurrency market. The longer the coronavirus lasts, the economic activity will be disrupted and I think it will affect economic growth and trade

rdewilde

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I do not totally agree with you, when the pandemic was declared it had its effect on the crypto space because countries started going into lockdown and with this lead to most people selling out of fear and that caused more panic and anxiety. Nevertheless, as the world is looking for a cure most people have adjusted to the nature of things (coupled with halving) hence the reason why the crypto market isn't bad like other markets. The thing to understand is, news, human dealings etc affects the crypto market which either leads to uptrend or downtrend, and Covid-19 isn't an exemption.

Genemind

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It somehow affected the cryptomarket, even thoae who are investing in crypto and those who are rich and business owners had been kicked hard by the pandemic. Most people had cashed out their investment to be able to survive which contributed to the dip.

shaheer001

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I think there are two main factors first Coronavirus as the maximum investors are from USA, China, and European countries and due to lock down and worst condition in these countries due to corona the investors are not trading. the second one is the Bitcoin halving due to which Bitcoin price is low.

oscarftw

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

When our whole stock exchange face and economy toward down for coronavirus but you think coronavirus didn't do anything. Over 80-90 percent is down for coronavirus. Although now price is turning back for halving time. Bitcoin price should be 15k without this coronavirus.

Question123

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More people blame the coronavirus because of the bitcoin or the cryptocurrency experiencing dumping right now of the market. Due to the lockdown to different countries most of the people do not have work so instead of buying more coins they are selling now because they need money now and many people panic selling because they think outbreak have big effect.

DevilSlayer

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Quote from: bearexin on April 11, 2020, 04:34:03 PM

Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Lolz man did you even read what you have said here? That all these things are going to happen but the virus acted as a catalyst?
So, what’s the difference between what you have said and what other people are saying? It’s still the same thing, the pandemic is what led to all these.

Although we can as well add that the oil price war also was part of things that acted as catalysts for everything that has happened, and not just that, a lot have happened earlier this year and they are enough to pull down the price of bitcoin.

His statements are contradicting himself. He said that do not blame the virus because the price crashed but he said that the virus became a catalysts. It so confusing if you will try to understand his statements. Anyway, the pandemic causes global panic that affect all types of financial market including the cryptocurrency market. In the past days we saw the major dump that causes major panic in the market. But there are many buyers who willing to buy in that area and that is why the price pushed back at around $6000 and above.

jhonjhon

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Quote from: FairUser on April 11, 2020, 11:41:23 AM

Quote from: ije07 on April 11, 2020, 09:47:56 AM

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

Maybe it was but I don't think we have to wholely blame the outbreak as the reason for this but has something to find another cause of this.
We are just focusing on the pandemic (which truly affecting the entire market) and we forget how market manipulation may taking place and also the worries after hearing fake news which also a way to create panic selling more than a thing that coronavirus can do.

bearexin

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

Lolz man did you even read what you have said here? That all these things are going to happen but the virus acted as a catalyst?
So, what’s the difference between what you have said and what other people are saying? It’s still the same thing, the pandemic is what led to all these.

Although we can as well add that the oil price war also was part of things that acted as catalysts for everything that has happened, and not just that, a lot have happened earlier this year and they are enough to pull down the price of bitcoin.

Bezobraznike

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Quote from: FairUser on April 11, 2020, 11:41:23 AM

Quote from: ije07 on April 11, 2020, 09:47:56 AM

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

It's affected the whole world in unseen ways until now. We never had situation where entire economy just
stopped working. This is unique situation and crisis, and I don't think that we can compare this crisis with any
previous one. Consequences are yet to be seen, to be clear on that, now most of us is closed, sitting at home,
but soon we will get out and will need to face with serious problems.

FairUser

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Quote from: ije07 on April 11, 2020, 09:47:56 AM

who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Corona virus has affected the whole world. And of course this market is also heavily affected by Virus. The virus scared investors and did not dare to invest at this stage and it caused the market not to move much in the past. Hopefully the virus will be stopped as soon as possible so that the whole market in the world can recover

Kong Hey Pakboy

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Quote from: cute nmp on April 11, 2020, 10:04:13 AM

You got it all wrong mate Corona virus has adversely affect the crypto-market not just that the whole stock market currently all bussiness are suffering due to the outbreak of the virus if you look back just recently the market has start to improve but as soon as the outbreak all things went down hill again showing is it's effect on the market.

It definitely has an effect on the crypto market because every financial crisis can be affected by these kind of pandemic issue of corona virus that everyone will start panicking for them to survive and save their families just to provide all of their necessities, that is why i think a lot of crypto users had been selling their holdings just to store some goods while there is a lockdowns.

cute nmp

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You got it all wrong mate Corona virus has adversely affect the crypto-market not just that the whole stock market currently all bussiness are suffering due to the outbreak of the virus if you look back just recently the market has start to improve but as soon as the outbreak all things went down hill again showing is it's effect on the market.

rodskee

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Quote from: Ifemini on March 09, 2020, 06:41:42 AM

Alot of blogs and articles are referencing the facts that the present dip in prices is related to corona virus outbreak. But I do not believe so
I believe It's not just the virus, all these things were going to happen,
the virus just lit the match and acted as a catalyst

what about after couple of days posting this that the market fall down very High and amounting more than at least 40-50%.
And this starts bad right after countries most around the world make their way reacting in this Virus and year i believe it is.
Now Look at the market still not moving up so don't you think this is the reason?or you can at least tell us what is the way down of this market.

ije07

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who said if the corona virus outbreak did not adversely affect the cryptoqurrency space? I think the emergence of the Corona virus has affected this industry, as you can see many bounty projects are delayed, the price of coins on the market is not significant and there are many other negative problems. You need to read more about the effects of Pademi Covid-19.

Topic: Do not blame it on Corona outbreak (Read 742 times)