If Coronavirus never happened - page 11.

rodskee

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Quote from: hulla on March 09, 2020, 05:39:31 PM

Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Firstly of all, coronavirus spread is something that was spread phypsical and crypto currency is a virtual money. Therefore coronavirus dont totally affect the price of crypto and if the virus never happen, the price of the bitcoin will be flourish than the current market but bullrun market shouldn't be expected.

Supposedly Corona Virus issue must help the Crypto market more valuable and usable because in this there is no physical contact
so using Bitcoin for Payment option must be in effect.
like what Iran is planning now
to not use of their banknotes and will advice Iranian to use online payments like crypto or other form of virtual money.
so i believe that we will see the Good outcome of this Virus infection sooner and not just overnight.

tabithacrab

newbie

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Western countries are different from Eastern countries. In EURO and America, diseases are diseases and economies are economies. They always make it neutral in balancing between two, no priority for any which. So that Corona Fly might affect not very much to the economies of Westerns, and crypto might not change so much.

adaseb

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Pretty sure there is no direct proof whether BTC is still correlated with the stock markets which are correlated with Coronavirus outbreak. We had a huge rally from $6.4K all the way to $10.5K and by the amount of bull posts in this forum I am not surprised there would be a pullback of some sort. People were predicting new ATH since the halving is near and the funding rates on derivative exchanges and futures were getting out of hand.

People were getting too greedy just like the rally to $13.8K last June 2019 and people weren't taking profits when they should have so the markets turned. Also another speculation is that the rally was led mostly on leverage trading. So basically high leverage amount of longs made the price hit $10.5K but when any serious pullback came there wasn't enough bids to keep the price up hence it led to massive long liquidations. This is why we had these $1000 day declines in the past due to the over >$100M in longs getting liquidated.

TheAndy500

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Quote from: hulla on March 10, 2020, 06:18:02 PM

Quote from: Sanitough on March 09, 2020, 05:41:43 PM

Quote from: hulla on March 09, 2020, 05:39:31 PM

Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Firstly of all, coronavirus spread is something that was spread phypsical and crypto currency is a virtual money. Therefore coronavirus dont totally affect the price of crypto and if the virus never happen, the price of the bitcoin will be flourish than the current market but bullrun market shouldn't be expected.

There is not direct effect if we look at the way its use because obviously crypto is online and paper money could be the source of virus too since its pass from person to person, however, we need to look at the bigger picture, its the economy that is affected so much as businesses are not making enough money due to the fact that people are afraid of going out, they stay and home, they don't spend, so less income.

You make a good point about the coronavirus affecting the world economy but i dont kbow why the case of the virus took longer than expected because this was the first time the case of the virus raise. In the meantime, some crypto related business are also affected.

The answer is always clear. No one will answer at the moment that it's over. Society is scared and everyone is trying to explain the situation to you. The price of Bitcoin will change as well as the mood of society. In a week it can go up, and it can go down. Everyone would like it to go up, but this is not possible right away.

hulla

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Quote from: Sanitough on March 09, 2020, 05:41:43 PM

Quote from: hulla on March 09, 2020, 05:39:31 PM

Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Firstly of all, coronavirus spread is something that was spread phypsical and crypto currency is a virtual money. Therefore coronavirus dont totally affect the price of crypto and if the virus never happen, the price of the bitcoin will be flourish than the current market but bullrun market shouldn't be expected.

There is not direct effect if we look at the way its use because obviously crypto is online and paper money could be the source of virus too since its pass from person to person, however, we need to look at the bigger picture, its the economy that is affected so much as businesses are not making enough money due to the fact that people are afraid of going out, they stay and home, they don't spend, so less income.

You make a good point about the coronavirus affecting the world economy but i dont kbow why the case of the virus took longer than expected because this was the first time the case of the virus raise. In the meantime, some crypto related business are also affected.

yohananaomi

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Quote from: krayzie32 on March 08, 2020, 08:15:08 AM

Quote from: shinratensei_ on March 07, 2020, 10:56:44 AM

Quote from: patz22 on March 07, 2020, 05:55:33 AM

In my own opinion, it didn't made any effect hence, if it does then it should be going up, why? if these investors, business man, or other people in business sees that the stock market is crashing just like in news, they will find a way to make their money safe, and one best thing that I can see, is to put some into crypto, it maybe volatile but if you put it in safe coins like btc or even usdt then there should be no problem.

People will be feeling panic and they will never try to put their money into the risk and that's a wrong argument about what was the real impact of coronavirus. People don't wanna go to the stock market caused by they can lose their money that is really needed to survive and in this case, those people are feeling gold is the best choice to make their money becomes stable. The Crypto market is almost the same as a stock market to consider it's very volatile.
I personally have already converted some of my assets into a stable asset that can't be affected by anything like gold. That's how they try to survive from this pandemic.

People minds are now very panicked because nearly 100 countries have been affected by the disease and the economies of most of them have been badly damaged. In fact, the stock market and gold have been continuously volatile for more than two months. Also, the crypto market is probably the safest place for people to invest because most of the coins I know are going up very high during this time.

as long as the corona virus outbreak continues to spread to many countries, it is certain that it will affect all sectors of the world economy. no one can really be sure of the best investment, because all the focus is so that this transmission does not become a plague that continues to pervade many countries. maybe people can say that crypto investment is very good, and maybe gold.
but all does not guarantee because the corona virus makes many people of the world actually hoard daily necessities and self-protection equipment.

so investments will be placed where they are also difficult to determine in a situation like this. crypto is also good and gold is no less good, if you see a situation like this.

Sanitough

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Quote from: hulla on March 09, 2020, 05:39:31 PM

Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Firstly of all, coronavirus spread is something that was spread phypsical and crypto currency is a virtual money. Therefore coronavirus dont totally affect the price of crypto and if the virus never happen, the price of the bitcoin will be flourish than the current market but bullrun market shouldn't be expected.

There is not direct effect if we look at the way its use because obviously crypto is online and paper money could be the source of virus too since its pass from person to person, however, we need to look at the bigger picture, its the economy that is affected so much as businesses are not making enough money due to the fact that people are afraid of going out, they stay and home, they don't spend, so less income.

hulla

hero member

Activity: 1834

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Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Firstly of all, coronavirus spread is something that was spread phypsical and crypto currency is a virtual money. Therefore coronavirus dont totally affect the price of crypto and if the virus never happen, the price of the bitcoin will be flourish than the current market but bullrun market shouldn't be expected.

Baoo

full member

Activity: 868

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Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

Well, let me explain an important fact, the social media is the one who gives a big value to this CoronaVirus, they are unfortunately spreading the panic in the entire world, so the media does have a negative affect on all the fields. In additon to that, we can't expect what is going to happen if this virus does not exist, possibly China will stay attacking Bitcoin and possibly not. It is impossible in my opinion to give an accurate prediction.

Bezobraznike

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Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

It would be the same. Crypto-market volatility will never end, it's my opinion. If coronavirus never took place some other virus would
happen, and crypto-market would have fluctuations with or without viruses.
But like others I also wonder what is causing this drop. After good news from South Korea, India and France I thought we will see the
price rising, but it's dropping, very strange.

quarkfx

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Activity: 396

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Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

what if this didn't happen , all will think like this only but whats happening will be happening no one cant stop it all we can do is watch the scenario and adjust according to it thinking about past will never help in anything search for present opportunity

TheGreatPython

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Honestly, until it moved out of China I was seeing it as unimportant as any other person here but since it moved to other nations as well and now the west is in danger of getting it, I can tell you that it might be really dangerous now for the financial world. I am not saying it is definitely a threat to economy of the world but I guess it is not a nothing neither now.

However, if the study is right (which usually turns out wrong but anyway) it is said that the virus can't defend itself against heat so the scientists are hoping that by this summer there will be no one with the virus. One of the reasons why there was close to none in southern hemisphere as well because their winter is actually summer and hot so I assume they are actually not getting affected since the virus dies at high heat.

mahilchii

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Merit: 13

If corona virus was the reason for the downfall then BTC value would have gone down to 6 or 7k, also the price is still moving up and down and the altcoins too would have affected very badly.

We can't blame corona for this downfall, BTCs rally will again start to continue in couple of days as halving appearance is on the track I believe the price will pump again.

BlackFor3st

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Quote from: OasisDre on March 02, 2020, 02:09:22 AM

What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking

I fully disagree that coronavirus really affect the market, some are saying that the virus is the reason why the market become bullish and others are saying that the outbreak is the reason why the market goes down. Stock market is very different to crypto market, upon the outbreak it is normal that stock market will be affected but there is no reason for crypto market to drag down also.

What I can conclude is that we are in the bullish season even if there is no outbreak, the bear season is already too long and the market needs to shift in order for the big whales to profit.

dansus021

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Quote from: d3nz on March 08, 2020, 08:09:13 AM

I agree, and i think that this outbreak is just a hype and we can still take advantage of this crisis since market will surely plummet and wait until it goes well again.

Slow but sure i watch the news that there's some people cure from this viruses. if all people cure, bitcoin bull will hit the market after halving too Grin

krayzie32

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Quote from: shinratensei_ on March 07, 2020, 10:56:44 AM

Quote from: patz22 on March 07, 2020, 05:55:33 AM

In my own opinion, it didn't made any effect hence, if it does then it should be going up, why? if these investors, business man, or other people in business sees that the stock market is crashing just like in news, they will find a way to make their money safe, and one best thing that I can see, is to put some into crypto, it maybe volatile but if you put it in safe coins like btc or even usdt then there should be no problem.

People will be feeling panic and they will never try to put their money into the risk and that's a wrong argument about what was the real impact of coronavirus. People don't wanna go to the stock market caused by they can lose their money that is really needed to survive and in this case, those people are feeling gold is the best choice to make their money becomes stable. The Crypto market is almost the same as a stock market to consider it's very volatile.
I personally have already converted some of my assets into a stable asset that can't be affected by anything like gold. That's how they try to survive from this pandemic.

People minds are now very panicked because nearly 100 countries have been affected by the disease and the economies of most of them have been badly damaged. In fact, the stock market and gold have been continuously volatile for more than two months. Also, the crypto market is probably the safest place for people to invest because most of the coins I know are going up very high during this time.

d3nz

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Quote from: dansus021 on March 08, 2020, 07:44:20 AM

Quote from: Magkirap on March 08, 2020, 06:29:52 AM

Absolutely, those are just their predictions and didn't guaranteed us that it will happen so let us depend on pur own evaluation and prediction because trusting yourself have more weight than trusting others. I think the corona virus has no direct effect on crypto or specifically bitcoin's market's trend because i think in this kind of situation people will use cryptocurrency more or more likely to put their money in crypto so that they can ensure the safetiness of their money in the middle of this crisis.

i think in this outbreak, it would be great to using cryptocurrency as payment method. Since cryptocurrency is need QR scan to pay, than other payment method.

Stay Safe Everyone

I agree, and i think that this outbreak is just a hype and we can still take advantage of this crisis since market will surely plummet and wait until it goes well again.

dansus021

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Quote from: Magkirap on March 08, 2020, 06:29:52 AM

Absolutely, those are just their predictions and didn't guaranteed us that it will happen so let us depend on pur own evaluation and prediction because trusting yourself have more weight than trusting others. I think the corona virus has no direct effect on crypto or specifically bitcoin's market's trend because i think in this kind of situation people will use cryptocurrency more or more likely to put their money in crypto so that they can ensure the safetiness of their money in the middle of this crisis.

i think in this outbreak, it would be great to using cryptocurrency as payment method. Since cryptocurrency is need QR scan to pay, than other payment method.

Stay Safe Everyone

Magkirap

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Quote from: lienfaye on March 07, 2020, 07:14:28 AM

Quote from: Genemind on March 06, 2020, 06:17:51 AM

With or without the existence of the Corona virus there's still no assurance and guarantee of the occurrence of the bull run. We can't blame the virus alone because the bull run will happen at the right time and no one can really predict it. They say that the price of Bitcoin will increase when halving happens so let's hope for the best.

You're right we cant predict whats in the future of crypto and every predictions about the future by the so called experts has no assurance if will really happen. The virus might have an impact to the market but its not directly affecting the prices of coins. It still depends on the demand and supply, so if there's a correction investors might taking profit and taking advantage the opportunity especially those day traders.

Absolutely, those are just their predictions and didn't guaranteed us that it will happen so let us depend on pur own evaluation and prediction because trusting yourself have more weight than trusting others. I think the corona virus has no direct effect on crypto or specifically bitcoin's market's trend because i think in this kind of situation people will use cryptocurrency more or more likely to put their money in crypto so that they can ensure the safetiness of their money in the middle of this crisis.

Hippocrypto

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Quote from: patz22 on March 07, 2020, 05:55:33 AM

In my own opinion, it didn't made any effect hence, if it does then it should be going up, why? if these investors, business man, or other people in business sees that the stock market is crashing just like in news, they will find a way to make their money safe, and one best thing that I can see, is to put some into crypto, it maybe volatile but if you put it in safe coins like btc or even usdt then there should be no problem.

Diverting on crypto is the last resort for every investors, because they have the mindset that crypto won't be affected by economic crisis in connection with virus epidemic. Fiat economy can't handle pressures like specially when huge part of the world's business supply has been affected with the recent problems. If we never encounter that problem, I think both crypto and fiat circulation will still grow progressively.

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