Topic: If Coronavirus never happened - page 12. (Read 2120 times)

Vaccine for corona virus will not be available even next winter. Usually it takes 1.5-2 years for getting a vaccine. If by some miracle we get one before next winter start we will be very very lucky.

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.

No one can predicted the market what will gonna happen indeed. With this corona virus I don't think the market affected, even before without it price has declined. Very true other people must keep in mind that market is unpredictable and has it's volatility. They should understand how it works for them not too expect too much when price dump.

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.

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.

Even there's no coronavirus and other epidemic crises still the movement of the market will remain unpredictable. There are have been threads that explain the effect of Coronavirus and in fact, most of the threads give an explanation about how the price of bitcoin goes up. But in the other threads, you can see how they also explain that there's no connection between them. This virus already affects other countries and there's an article that I read and I don't totally remember it but that article explains the fiat can also be a medium to transfer the virus so I guess it can be also a trigger to have a big changes in the market simply because they will now use cryptocurrency in different transactions.

I also agree with the other members who previously reply here, which with or without the existence of that virus the bull run can't easily determine and most of the waiting event that people wait that can be the key to have a bull run is the bitcoin halving that will take off in the next couple of months.


EDIT:
I just found it while scrolling in twitter


Source:

indeed there is no need to blame the existence of this virus. but now maybe the economies of some countries have begun to feel the impact of the spread of this virus. of course, this can be related to crypto when an investor is experiencing financial problems they could have pulled their assets to fiat and that would be bad for the crypto market. so far it hasn't been felt and hopefully, it doesn't happen.

The stock market evaporates the most and investors here are facing a lot of difficulties because the stocks they invest in do not bring any profit. However, the crypto market is different and recently the coins are showing huge growth.

I think this epidemic will not affect crypto much and hopefully in the future people will be more inclined to invest in this market.

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.

We don't know. Maybe the crypto market will still like this because coronavirus is not related to the crypto market. But anything can happen, with or without coronavirus. The crypto market will always change from day by day, and we cannot have accurate predictions since the crypto market will not just depend on what happens in out there. Maybe there will be another thing that happens if coronavirus never happens.

Cryptocurrency market isn't affected by Corona outbreak a lot. But the global economy is suffering. If the epidemic hadn't happened, the recession would have been less damaging.   

basically the crypto market cannot be predicted precisely because the nature of the market is very volatile. the Corona virus does not really weaken the crypto market.
for me the current market is purely a correction to a better milestone.

We see that there's no interconnection to bitcoin and the world happenings. But sometimes it's making me think that isn't that just a coincidence if we're seeing the same movement if the entire economy is facing a downtrend then crypto is also going the same way.

We don't know when this pandemic will ever be stopped but we're all hopeful that this must end asap.

Yes, nothing is permanent so this virus will be stopped in no time.

If the coronavirus never happened, we'd still eventually have a 20% (which is a regular recession) and in my view, we would have anyway had a good shot at a 40% recession.

The 40% recession, view I had before the coronavirus, was the massive tax cuts with little economic result in the USA with the current Trump administration and the Republican

Senate that has 500 or more bills from the US House, that they refuse to vote on. To me, this is unprecedented, sure in the past, if your party controlled the Senate you would ALWAYS just

just vote them all down and zippo...none passes. But hey, in this day of daily fast news and internet, if you DON'T VOTE AT ALL, you have no record of note to get beat up and

run against in the next election. You are as pure as the driven snow, except for the small detail of refusing to pass any legislation at all, even ones your own members want to be passed

that makes sense in a bi-partisan way, but Republican Senate Leadership and the Executive Branch are just 'dandy' using gridlock as a political means to extort stuff in this democracy.

Add to the crisis of children being taken away from parents at the border, Environmental, massive tax cuts to the rich and corporations...I mean what could NOT go wrong!

This is all due to the current Trump Administration...where all government is evil and all crony capitalism is good! I indeed expected a 20% drop (recession) as a done deal and a 40%

recession as 'likely' well before the Coronavirus!

Now we have the Coronavirus Pandemic.

So much for BTC/Crypto as a store of value (so far) in a pandemic. Everything went down  BTC/Crypto/Gold/Bonds/Stocks! Blam!

Even stuff that was not supposed to go down. like a rock, when the stock market dumps, like US bonds (tough to keep them up with no confidence in US fiscal policy anymore with Trump

antics of Tariff, etc) and of course Bitcoin.

In bitcoin/crypto's case I HOPE

it is a store of value and the dump with the stock market was due to NO ONE having real emergency funds for this kinda thing (especially in 3rd world nations) ..so what? you cash

out the gold under your hut? too soon? you get as many USD dollars as you can? What can I dump 'quickly' to fill emergency fund ..well BTC/crypto right away!

I assume as this Coronavirus Pandemic drags on this will change and gold/BTC/crypto/bonds will recover vs stock market..but we will see.

So to conclude...NOW...after this Pandemic has hit! I think we are royally f*cked...due to all the above BEFORE the coronavirus....I think NOW we are very likely

to have a 40% correction if this goes on for a year at frigging best!

As experts on commerce combined with disease experts on how this disease spread..seem to be agreeing on ..this may take a year or so to all calm down.

So a for sure now IMHO a good 40% correction (hopefully brief with a vaccine, and bounces back within a few months to regular recession)

But if th spread and the disorganization here in the USA and the world continues at this current and past level..it could well (hopefully briefly) bounce into DEPRESSION  territory

...ie 50% dump in worldwide production due to all my above fears combined with the Coronavirus Pandemic and Vacinee not controlled and addressed very quickly.

as a correction. Sh*t on a stick we would be 'beyond' screwed.

I hope I'm wrong but was not a big fan of the direction things were taking in the USA and worldwide leadership and corporate greed before the Coronavirus Pandemic. This

A pandemic that may have just tossed a lot of gasoline on an already out of control fire of the economic/social/health variety. Sh*t just got way, way worse, IMHO.

end of rant

brad

It is true that the crypto market in the last few years is very easy to manipulate and coronavirus will certainly impact a lot on this market. I think since the outbreak of this disease, everyone has been affected and the stock market suffered the most losses during this period. I hope everything will stabilize again and people will consider investing again because the crypto market is still a very interesting place for you to invest.

I don't think the world epidemic happening today will have something to do with the market—it's just that I think this happen all the time and it's not yet the right time for the bullish market. No matter how I think about it even if there's a virus or not the market will always be like this. Nothing is permanent because it is so volatile due to the fact that it is an open market.

so what basically happens when production is reduced  ? people will have less money and less money means they cant buy more crypto and worst they will sell thier crypto investment just to have a pocket money because of the hard times that they currently experiencing right now  . if corona virus never happened well the price could have been so much healthy right now because look at it right now , even if there is a corona we can see the price is fighting to move upwards   . struggle is really real to btc  but other coins seem to be fine 

Yes, it is! Because fiat currency is not safe anymore if corona virus will not be contained for the next coming months. So people will opt for another option like use of crypto in payment. Since the virus can live like over a week in inanimated objects based on this article. So using paper money in area with known corona virus cases would not be a good idea. The transfer is very fast so using crypto in this case has the advantage.

https://www.sciencealert.com/study-shows-just-how-long-coronaviruses-can-stick-around-on-a-surface

Yes, it is! Because fiat currency is not safe anymore if corona virus will not be contained for the next coming months. So people will opt for another option like use of crypto in payment. Since the virus can live like over a week in inanimated objects based on this article. So using paper money in area with known corona virus cases would not be a good idea. The transfer is very fast so using crypto in this case has the advantage.

https://www.sciencealert.com/study-shows-just-how-long-coronaviruses-can-stick-around-on-a-surface

Corona virus will not create great impact on cryptocurrency market but it can totally reduced the production of an economy just like what happened to China. But apparently, with or without corona virus, the crypto market will still continue to progress once bull run is near to happen.