Is the Corona drop over or will it continue? - page 8.

South Park

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Quote from: Octular on March 12, 2020, 05:20:56 AM

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

Most likely this is not over yet, the coronavirus panic is only starting in the the western hemisphere and while some measures are being taken to try to stop the spread of the disease most likely the virus will keep infecting people during the next weeks and this will create an even bigger panic and the markets will keep going down, personally I believed some time ago that at worst the price of bitcoin could go down up to 4500 and yesterday it reached 4000 for a short amount of time, if this continues I will not be surprised if we see another bottom at 3000.

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For some people, corona is just weapon to create new market direction by fear, they never take this corona news as indicator. But most people have general and right reason that corona should blame because this deep dump because of it, if bitcoin can't rise how the price after halving will go more deeper, bad for all of us. This deeper will not continue it just temporary, we only need patient and stay disciplines with our plan.

well indeed all the collapse of cryptocurrency prices at the exchange place and the collapse of the world economy did occur due to the corona virus outbreak because with this there are many people who are afraid to trade and prefer to secure their assets in any way that they do not want to stabilize the risk of losing their assets and exchange all existing cryptocurrency assets for fiat money.

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Still every market is in freefall so cryptos are no exceptions to this.

Some says we are going to $3000 back and some even says sub $2000 so there is no hope from the investors view.

Halving is approaching this might change the things? Roll Eyes

pikkie

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Quote from: mandor on March 12, 2020, 11:16:58 PM

I am a little confused why when the market falls that's due to by viruscorona and what is the relationship between virus and market? I see this decline is very surprising to all crypto lovers and is it because of this virus? if there is still no cure for this virus then I think Corona will keep to continues. Corona will really give have a negative impact on the crypto economy and market.

of course the price of cryptocurrency has to do with the corona virus outbreak as it is today because with this deadly virus makes many traders fear and ultimately makes many traders, investors and whales prefer to secure their assets and make withdrawals and then make their money into fiat for safer until the corona is completely gone.

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Quote from: alan2here on March 13, 2020, 08:35:58 AM

Quote from: Leonardo7 on March 13, 2020, 08:23:41 AM

As regards the drop in the price of crypto asset, I doubt CoronaVirus is really the cause, I see people panic selling because of fear, come to think about Cryptocurrency, this should have been the best time for more people and companies to look the way of Crypto because it doesn't spread virus like the paper note and one can safely use it across borders without limitations and need no physical middle man for conversion to the various currency of different nations. Will only require the internet.

I feel very depressed when this disease appears and the company of some of my family members is in danger of going bankrupt. Indeed, if corona continues in the coming time, the whole economy may collapse and surely this year will be the year of economic crisis.

Of course, I have prepared the worst scenario for the crypto market and according to Coinmarketcap data, Bitcoin price is at $5000. This is the price people can consider investing and hope to make good profits.

We are at risk of everything if this virus will continue and worst case scenario all of us will lose our jobs that's why hopefully they can find a cure to eliminate this disease, and if things got worse most provably we can see more bad figures coming unto these days.

alan2here

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Quote from: Leonardo7 on March 13, 2020, 08:23:41 AM

As regards the drop in the price of crypto asset, I doubt CoronaVirus is really the cause, I see people panic selling because of fear, come to think about Cryptocurrency, this should have been the best time for more people and companies to look the way of Crypto because it doesn't spread virus like the paper note and one can safely use it across borders without limitations and need no physical middle man for conversion to the various currency of different nations. Will only require the internet.

I feel very depressed when this disease appears and the company of some of my family members is in danger of going bankrupt. Indeed, if corona continues in the coming time, the whole economy may collapse and surely this year will be the year of economic crisis.

Of course, I have prepared the worst scenario for the crypto market and according to Coinmarketcap data, Bitcoin price is at $5000. This is the price people can consider investing and hope to make good profits.

Rodeo02

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Quote from: mandor on March 12, 2020, 11:16:58 PM

I am a little confused why when the market falls that's due to by viruscorona and what is the relationship between virus and market? I see this decline is very surprising to all crypto lovers and is it because of this virus? if there is still no cure for this virus then I think Corona will keep to continues. Corona will really give have a negative impact on the crypto economy and market.

well its always connected price of the market will only be dependent on supply and demand .since they are many country affected there is a chances that they are much more i need in money in fiat . So other is selling thier coins and prefer to hold fiat money that they are able to use any time they need it. Even in forex and stocks market they are also connected to the virus if you check all of the graph history of every market its only start to decline when the corona virus outbreak started.

Leonardo7

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As regards the drop in the price of crypto asset, I doubt CoronaVirus is really the cause, I see people panic selling because of fear, come to think about Cryptocurrency, this should have been the best time for more people and companies to look the way of Crypto because it doesn't spread virus like the paper note and one can safely use it across borders without limitations and need no physical middle man for conversion to the various currency of different nations. Will only require the internet.

Finestream

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It's not over yet, the panic is real and the economy will be affected badly.
As crypto itself had a big loss in the past few days, its not expected that it will stop soon as this loss is cause by the COVID-19 panic.
We are hoping it will stop but let's get realistic here, the COVID-19 is s serious threat, and people who panic believe it will be worst as there's no cure for this.

Golftech

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Quote from: trauchot on March 13, 2020, 06:11:16 AM

It is very difficult to answer at this question, but I think this is only the beginning and it’s better to prepare for the worst, but for now we just have to wait it all out and set yourself up for a positive future and a future without problems, but for now it’s just worth moving on to your goals.

Preparing for the worse is better to be in your mindset in case that the situations go deeper. Most of the time those who are well prepared are the
gainers after the market recovers and rise back.
You have to be positive and think the other way, don't be a close minded but instead look for open opportunities so you can fulfill your dreams
in succeeding with investing inside this market.

Goldada

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Honestly, I really pray and wish this dip continues. 😜 Don't kill me but c'mon, I have anticipated all these years to own 1 BTC and at least 20 Ethereum. This seems to be the point for me if the market continues this way.

Whether this is caused by the corona Virus spread which most believes it is, the main point is that some persons will gain while others lose. One man's meat here is another's postion.

trauchot

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It is very difficult to answer at this question, but I think this is only the beginning and it’s better to prepare for the worst, but for now we just have to wait it all out and set yourself up for a positive future and a future without problems, but for now it’s just worth moving on to your goals.

minairia3

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Quote from: 2tang on March 13, 2020, 05:48:08 AM

CoronaVirus defeated Fomo Halving in the coming May because in two months the halving would occur. All our hopes have been paralyzed by the corona virus outbreak because the price of BTC is down 20% more today. There is no certainty that this will continue or end soon because the price of BTC continues to fall.

Its just temporary I think. Its true that the virus has done serious impact on the economy and not just stock but also on our crypto asset. I am already sick with whats happening and seeing everyday from the social media about news on it. It's also due to China iresponsible act but lets just hope for the best since this kind of virus will surely apprehended by some medical genius out there and hope it will be soon. When the market comes back to normal then price will settle down prior to halving.

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Quote from: josephrioveros123 on March 12, 2020, 11:21:47 PM

In my opinion it is the low transaction rates in all aspects of trading. Because of a lot of country on the lock down. A lot of business is not moving so the trading is reduced the economy is down and the people is into rest. And scared and staying at home. I think there are chances to recover specially the bitcoin after the corona virus scare is over. I think all we should do is to wait. And be read we should take care of our self and our family. And just hope for the best.

But what is very visible at the moment is Fear of the corona virus, which causes factories and large companies to stop working, plus more because of the sale of bitcoin in large amounts, so that it makes all the prices of altcoin and bitcoin decline very large in the market.

2tang

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CoronaVirus defeated Fomo Halving in the coming May because in two months the halving would occur. All our hopes have been paralyzed by the corona virus outbreak because the price of BTC is down 20% more today. There is no certainty that this will continue or end soon because the price of BTC continues to fall.

TheClownSong

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Quote from: Octular on March 12, 2020, 05:20:56 AM

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

Coronavirus outbreak makes market participants increasingly worried because more and more countries are locking down. This will hamper world trade and I think has a big effect on the economy of the whole world. But I have faith that the impact of coronavirus is only temporary and the market will recover, including the cryptocurrency market

xvids

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I don't think that it would be over soon but I also think that the market would be steady for a while.
Even if the virus gets cured the market wouldn't grow rapidly I think it would take some time before it goes up again.
For me I think the price increase is much more slower compare to price drop.

Ruso21

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Quote from: mandor on March 12, 2020, 11:16:58 PM

I am a little confused why when the market falls that's due to by viruscorona and what is the relationship between virus and market? I see this decline is very surprising to all crypto lovers and is it because of this virus? if there is still no cure for this virus then I think Corona will keep to continues. Corona will really give have a negative impact on the crypto economy and market.

The virus made China to lock down some cities which means 0 movements, it been 2 months and lot of people still in home, this means no income and forced to burn savings.
no production in factory, no restaurants, no hotels, no transportation, no supermarket, etc. only authorized delivery can go around. This is the part in China.

Now for other countries like EU, 0 knowledge to take prevention from the virus. The arrogance made the people to get infected easily and in less than a month broke the numbers in record.
after this incident, tons of people start to panic and spend the savings on products, also is taking the same effect like in China but without lock down.

Fear makes people panic & burn money.

The virus still in the middle stage and will continue to spread, is like the other cases from few years ago.

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Quote from: senin on March 13, 2020, 01:49:50 AM

Quote from: ?? on ??

Quote from: Octular on March 12, 2020, 05:20:56 AM

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

The market is indeed in turmoil right now, and medical experts are hard on finding the right cure for this epidemic, I'm afraid there is still a free fall, we need one great news to happen, like finding a cure or containment, but much more on this, we need people who will still believe that the market is still worth supporting.

In China, the lowest incidence of coronavirus is already noted. They believe that the peak of diseases has passed on him and this is pretty good news. Let's see what happens with this virus next. In the rest of the world, it can still be spread, although retaliation is already taking place unprecedentedly. The virus can also mutate. They talked a lot about a possible vaccine against it, but we have not heard about effective medicines yet. While some die from him, while others recover. However, there are many more recoveries and therefore there is a hope that the coronavirus will soon decline.

although there has been a decline in the victims of this virus, the impact on the world economy is still large. many countries that cannot export and import must have hit a country's economy. especially now the crypto market is also experiencing a large decline. whether this is due to the impact of this virus or not. what is clear is that this moment shattered the hopes of many traders and investors this year.

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Quote from: ?? on ??

Quote from: Octular on March 12, 2020, 05:20:56 AM

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

The market is indeed in turmoil right now, and medical experts are hard on finding the right cure for this epidemic, I'm afraid there is still a free fall, we need one great news to happen, like finding a cure or containment, but much more on this, we need people who will still believe that the market is still worth supporting.

In China, the lowest incidence of coronavirus is already noted. They believe that the peak of diseases has passed on him and this is pretty good news. Let's see what happens with this virus next. In the rest of the world, it can still be spread, although retaliation is already taking place unprecedentedly. The virus can also mutate. They talked a lot about a possible vaccine against it, but we have not heard about effective medicines yet. While some die from him, while others recover. However, there are many more recoveries and therefore there is a hope that the coronavirus will soon decline.

Topic: Is the Corona drop over or will it continue? - page 8. (Read 1144 times)