How Coronavirus affects Bitcoin and when it will end - page 5.

hatshepsut93

legendary

Activity: 3024

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Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

There's nothing extraordinary about it, "more people are cured from the virus than died" means that mortality rate is below 50%, and there's actually few diseases in this world that have above 50% mortality rate.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

There's no doubt that the virus crashed the stocks, but with Bitcoin it's not that clear, because technical analysis shows that Bitcoin failed to break past important resistance level, which might have triggered the bearishness. Basically, we don't know just how much influence does the virus have on Bitcoin.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

I seriously doubt that Bitcoin will keep going down for months, the halvening is soon, and the market wants to be bullish, there's little chance for going down further, at worst we'll have another period of stagnation.

fiulpro

hero member

Activity: 1890

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Due to Quarantine , people are supposedly buying a lot of groceries and food products , people due to excessive buying are causing a shortage of toilet papers in many parts of the world .

People are taking out all their investments so that they can cope up with this panic buying therefore I do think Corona Virus is causing the Bitcoin price to decrease and not just bitcoins it's many stocks .

Tash

sr. member

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Pro financial, medical liberty

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It does not only affect Bitcoin, everything is a mess.
Last 24h only 18 new infected in China bringing the total to 80,796 of which 62,826 have been cured and 3,169 died so far. 0.0056% of pop got infected.
In Singapore so until now no-one died of Covid-19 and 96 cured, Bahrain no death and 35 fit again so far......
Some countries have much better cure success than others.
Vitamine C is key to quick recovery.

kryptqnick

legendary

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Join the world-leading crypto sportsbook NOW!

I intend to keep holding through the whole thing. Bitcoin doesn't deserve to be abandoned, and it is not even supposed to be influenced much by all this stuff. As for when it'll end - that's a big question for a couple of reasons. For one, I don't know about you but I don't trust China. When the whole thing was just starting, they tried to silence the specialist who was raising alarms and then died from the disease. Moreover, as the outbreak happened, strict control of China over its citizens got even more serious, so it is possible that the official data about the number of new cases is an understatement, and those who raise concerns are silenced right away. Another issue is that if we compare COVID-19 with the Spanish flu, it might suggest that the outbreak can have a second serious wave in autumn.

icewitch0612

newbie

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The coronavirus affects people . People affect the crypto. It's simple.

xvids

sr. member

Activity: 1176

Merit: 301

Nobody knows how long would this be and how deep could the price go.
There is no way for us to know this things and I think right now our top priority should be our health not our wealth,
We shouldn't be selfish and think about the other people's lives.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

If it's true then most people will aim for this and will not want to lose this opportunity. Most people will target to buy before June and hence we might see a spike in the market May itself.
Though China has given a timeline for the pandemic, it is still not accurate since we don't how long this fever will last.
I will only suggest to keep buying the lows since it's sure that it's a temporary dump.

elmag398

newbie

Activity: 10

Merit: 0

since the outbreak of the virus bitcoin value has reduced drastically. this will be profitable to traders; cause most of them will buy btc now hoping to sell when its value increases. Its not a new thing that btc value keeps fluctuating. I believe the effect of the virus will end with time. especially when the virus is finally eradicated.

20kevin20

legendary

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Quote from: naaimmd on March 12, 2020, 08:30:16 AM

Look at all cryptocurrency prices right now it's dump by 20%+ today so I think coronavirus is affecting very much we might see a huge fall this time maybe it will go bellow 3000$ this time and this my opinion only.

I wouldn't mind it, but I acknowledge the fact that others would. Be it the end of the world, I am still going to hold onto my plan of hodling and believing in a future where Bitcoin will still be here, sustaining decentralization and trustless systems. A downfall to <$3k doesn't hurt me as soon as I won't sell.

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

~
If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY
~

I'd rather follow history than China's words. History has repeated countless times before so my hypothesis is that we're going to witness a 1918-like pandemic. That means the virus could become less deadly once summer starts, but there is a pretty good possibility the second, more deadlier wave of the virus could occur by autumn. That is if the 1918 pandemic repeats, and I believe this possibility is pretty high.

naaimmd

jr. member

Activity: 70

Merit: 4

Quote from: qory on March 12, 2020, 08:26:47 AM

After many countries stop for receiving many people around the world because corona virus and now bitcoin going down, last update where United State never allowed Europe people come to their country for one month later and many sport even stopped for unknow time.

Yes and not only us more than 100 countries have been affected by a coronavirus and not only cryptocurrency we might see economic fall many countries will be affected by this.
chines people are selling their assets and buying Gold and I think other countries people are doing the same.

naaimmd

jr. member

Activity: 70

Merit: 4

Quote from: Qcrypto on March 12, 2020, 07:11:58 AM

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

So how does this affect the markets?

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

If we are to expect the fear continues into June, prices should keep falling until June.

Be patient until June and then buy.

Look at all cryptocurrency prices right now it's dump by 20%+ today so I think coronavirus is affecting very much we might see a huge fall this time maybe it will go bellow 3000$ this time and this my opinion only.

qory

hero member

Activity: 1722

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After many countries stop for receiving many people around the world because corona virus and now bitcoin going down, last update where United State never allowed Europe people come to their country for one month later and many sport even stopped for unknow time.

Qcrypto

member

Activity: 339

Merit: 15

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

So how does this affect the markets?

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

If we are to expect the fear continues into June, prices should keep falling until June.

Be patient until June and then buy.

Topic: How Coronavirus affects Bitcoin and when it will end - page 5. (Read 1945 times)