Topic: Dow Jones Price Drop & The Corona Virus? (Read 765 times)
I think that there is a little correlation with what is happening. Yes, the pandemic affects the economy but there should be other factors that play that we aren't aware of.
Fast forward to some days after , a lot is known about this virus now but precisely we do not know how to handle it right now .
There is no vaccination and people are directly jumping to human trials .
With such a high death toll , Italy is suffering drastically and so are the countries who are exceptionally poor , Zimbabwe president is writing shit about their people about how *They have new mortuaries for the Corona virus, and how he will be happy that the population goes down *
World is at a bad place right now , it will take time , time to heal and till then don't expect anything to go up and about.
There is no vaccination and people are directly jumping to human trials .
With such a high death toll , Italy is suffering drastically and so are the countries who are exceptionally poor , Zimbabwe president is writing shit about their people about how *They have new mortuaries for the Corona virus, and how he will be happy that the population goes down *
World is at a bad place right now , it will take time , time to heal and till then don't expect anything to go up and about.
I must appreciate OP for writing about Corona by the end of last January itself. Now I feel the pain of a virus affecting all the economies including bitcoins. The Corona virus has affected a lot of things and people in countries where the situation is worse are now afraid to move outside and everyone is staying indoors. Most companies now wants their staff to work from home. Some experts have even said that the Coronavirus outbreak is likely to be part of what caused the decrease in Bitcoin as of recent.
There have been other things that are being mentioned as well, and Coronavirus is at the top of the list, maybe because it affected world market in general. Really hoping that they find a solution to end this once and for all. I’m still confused about this situation and I’m trying to do more research and understanding what’s going on and how it started.
There have been other things that are being mentioned as well, and Coronavirus is at the top of the list, maybe because it affected world market in general. Really hoping that they find a solution to end this once and for all. I’m still confused about this situation and I’m trying to do more research and understanding what’s going on and how it started.
Wow I hope not. That's been a painful sight. Can you imagine those poor people buying Bitcoin at close to 20k USD and then watching it lose the majority of its value and on the other side of things retired people losing their life savings when the Dow Jones Drops around 2,000 points in one day. Terrible.. I thought that Bitcoin would be immune to the ongoing onslaught of the markets but seemingly it has fell victim to this colossal drop as well. Only time will tell what will be next.
Yes. It will fall faster than stocks because, it has limited application. You cannot come to a grocery store and buy something with bitcoin. It use only for speculations and money transfers. Only gold and US treasury bonds are reliable assets.
Wow I hope not. That's been a painful sight. Can you imagine those poor people buying Bitcoin at close to 20k USD and then watching it lose the majority of its value and on the other side of things retired people losing their life savings when the Dow Jones Drops around 2,000 points in one day. Terrible.. I thought that Bitcoin would be immune to the ongoing onslaught of the markets but seemingly it has fell victim to this colossal drop as well. Only time will tell what will be next.
Bitcoin under 8k usd, The Dow Jones plummeting around 1500 points, oil 20% down and the Coronavirus still untamed.. Is this the beginning of the end?
LOL no. It is a start of bear market. World economy was in bull market for over 10 years. It had to stop at some point and start declining. Bitcoin does that every few ears, why worlds economy cant at least once every decade?
Simply imagine worlds economy as the Bitcoin at start of 2018.
Bitcoin under 8k usd, The Dow Jones plummeting around 1500 points, oil 20% down and the Coronavirus still untamed.. Is this the beginning of the end?
It seems that the global financial crisis is starting, but anyway we need to see Q1 reports from US, China, EU and some biggest and most influential companies about their sales, production (including housing or industrial production). But anyway, even if someone now sells in panic, they should go to another direction if not looking for the lower lows to buy back.
Bitcoin under 8k usd, The Dow Jones plummeting around 1500 points, oil 20% down and the Coronavirus still untamed.. Is this the beginning of the end?
Do not forget what the greatest investor of all time Warren Buffet said about these type of situations, be fearful when others are greedy and be greedy when others are fearful.
When they are so scared of corona virus that they sell their stocks and their cryptos and other stuff, that doesn't change the fact that company is still the same company and it still worths the original price, so when they sell their stuff the price becomes undervalued and that is when you buy and wait which is a long term thing but when you wait long enough you end up with a lot of money because price will go back up to what it suppose to be and not what people who are afraid made it to be because of their scare.
You forgot about profit of companies and credits. They owe too much money. When they are so scared of corona virus that they sell their stocks and their cryptos and other stuff, that doesn't change the fact that company is still the same company and it still worths the original price, so when they sell their stuff the price becomes undervalued and that is when you buy and wait which is a long term thing but when you wait long enough you end up with a lot of money because price will go back up to what it suppose to be and not what people who are afraid made it to be because of their scare.
In crisis time companies cannot to find new credits to fill old. Many companies became bankrupts, biggest companies and banks too.
Do not forget what the greatest investor of all time Warren Buffet said about these type of situations, be fearful when others are greedy and be greedy when others are fearful.
When they are so scared of corona virus that they sell their stocks and their cryptos and other stuff, that doesn't change the fact that company is still the same company and it still worths the original price, so when they sell their stuff the price becomes undervalued and that is when you buy and wait which is a long term thing but when you wait long enough you end up with a lot of money because price will go back up to what it suppose to be and not what people who are afraid made it to be because of their scare.
When they are so scared of corona virus that they sell their stocks and their cryptos and other stuff, that doesn't change the fact that company is still the same company and it still worths the original price, so when they sell their stuff the price becomes undervalued and that is when you buy and wait which is a long term thing but when you wait long enough you end up with a lot of money because price will go back up to what it suppose to be and not what people who are afraid made it to be because of their scare.
Global Markets may be on an upswing with an 1100+ Point Rise in The Dow Jones today but with a rising death toll in CoronaVirus related deaths one can only guess to what might be next.
Quote
new reports of CoronaVirus related deaths in the U.S.
The problem with taking this news apart is that it might seem callous to the troubles suffered, I dont see it as a non issue but the greater issues already in play out weigh any negative the virus brings. Deaths from flu are already an annual cycle that occurs, anyone with compromised immune system can die from the normal flu. The big issue with Corona that I've heard is that you may be suffering, carrying and even spreading yet you may be fine enough to continue working and attending close circulation with others. So there is a greater propagation and not enough precaution from those who could avoid it better.
Eventually people will be more cautious and maybe even over react, this could mean especially less business and travel is occuring. Someone suggested Office meetings in general may now always be viewed secondary to more distant connections. To me the more remote aspect could be positive for BTC, overall its likely something neutral. Since BTC is non contact in the majority I dont see it directly affected but it will continue to react to FIAT monetary expansion and contraction. If somehow people stop using their phones, then BTC would be knocked especially perhaps.
https://www.youtube.com/watch?v=meTgeX_WyVw
Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.
All markets dropped during the last week and are still dropping right now. People with shaky hands get rid of their stocks, because they fear the impact of the coronavirus on the world economy. This might end up in even a bigger crisis than the finance crisis a few years ago. Nevertheless, if you own some solid dividend stocks don't worry, it might take a few years for them to recover this crash but for sure their value will be higher in the future. This is not the end guys.
Yeah this Virus is now alarming that spreading the world,today 2 countries that has no victim make their first recorded Virus infection so these will took long before totally prevented and the market will be shaken more sooner.
That's because Corona Virus spreads easily through media that is often used by humans as well. especially at this time there is no treatment that can eliminate the virus except a strong immune immune. at present there are several economic sectors that stumble due to Corona-V especially in the aviation sector and the export of goods. I'm sure there will be some more sectors stumbling by Corona-V.
There have been seemingly new reports of CoronaVirus related deaths in the U.S. do you think this will have a negative role on the future of the stock markets?
These sudden massive fluctuations in the stock market prices will cause what type of long term effect?
Since many factories in China do not work, prices for raw materials, including oil, are falling. Therefore, the volume of trade between countries is also reduced. Because of this, companies incur losses and the Dow index also falls.Otherwise, possibly this current decline in the market may not has been caused by the impact of the Corona virus. To be honest, Bitcoin is facing a lot obstacles and unfortunately, some governments are still trying to crash the era of crypto.
Its impossible to sell one thing without buying another, its a question of two halves. Buying dollars with this much supply and production of new money makes other assets more attractive so long as they are fungible and cash flow available in the fairly near term. Lots of business do have good cash flow so not everything should sell off in equal amounts, it likely hurts investment though.
News today was the Federal reserve cuts rates by 0.5% which is a larger amount when they are already low, the adjustment to trade expected then is large in their opinion. Because of that markets became cautious once again.
Another figure I heard in passing and this might not be the final accuracy but 4/5 of people may end up catching this strain of flu and the current projection is that upto 3% of those people will then die. Some parts of the population are far more at risk, apparently its not children which is surprising but others with compromised immune systems may be.
6.8bn people in the world would be 5.44 billion have a reaction to the virus. Those who contract the virus and die then number 163 million people as a worse case scenario I think that was. I only heard that in passing, I may delete or edit that later if I see better info.
News today was the Federal reserve cuts rates by 0.5% which is a larger amount when they are already low, the adjustment to trade expected then is large in their opinion. Because of that markets became cautious once again.
Another figure I heard in passing and this might not be the final accuracy but 4/5 of people may end up catching this strain of flu and the current projection is that upto 3% of those people will then die. Some parts of the population are far more at risk, apparently its not children which is surprising but others with compromised immune systems may be.
6.8bn people in the world would be 5.44 billion have a reaction to the virus. Those who contract the virus and die then number 163 million people as a worse case scenario I think that was. I only heard that in passing, I may delete or edit that later if I see better info.
There was a general drop in the stock markets all around the world, I just simply reject the idea that corona has the power to drop all over world's biggest powers to start losing money all of a sudden.
I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.
Last year about 650 000 people was died of fly in the world. About 1780 people every day. Only 3200 people was died for 2 months of coronavirus. The panic is artificial. I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.
There was a general drop in the stock markets all around the world, I just simply reject the idea that corona has the power to drop all over world's biggest powers to start losing money all of a sudden.
I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.
I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.
Coronavirus will continue to influence the stock exchanges, I’ll probably even say that this will continue until a vaccine is presented that could really stop this pandemic. Until there is no effective vaccine, markets will be very prone to negative tone.
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