Is the Corona drop over or will it continue? - page 9.

Kotone

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Quote from: mandor on March 12, 2020, 10:16:58 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.

This becomes a pandemic virus that made a lot of people worried. Market experience a huge fall down and everyone is in state of fear that it will go down more. I am not so optimistic about getting recovery very fast due to this incident. I just do hope that cure will be provided and to start things back to normal again.

mandor

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Trphy.io

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.

josephrioveros123

jr. member

Activity: 117

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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.

Chukwunonso

jr. member

Activity: 154

Merit: 1

The corona virus is like every other epidemic that has existed before now and after a while, they all passed away. In my opinion, the reason the corona virus is seemingly notorious is because of the excessive media publications which it has received. The virus is not as bad as they've made it seem and several persons have immunity which could surpass the virus. That explains why more persons are receptive to the treatment and we only have few severe cases. Please let's not be over hyping this corona virus, it would soon pass away.

tsaroz

legendary

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Not sure if the current crypto drop is due to corona or something else. Corona would impact the real world economy much more adversely than the crypto market.
With corona spreading in US and Europe the damage would be larger. US and Europe has been running on a built up system and if it gets destroyed, it would be hard for them to recover and could take years. China and other asian economy on the other hand if could contain the virus in similar way, would come back as a great economy.

inanilujimi

sr. member

Activity: 1876

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believe hope is always there, panic occurs everywhere but remember there will be people who are calm to devise strategies to benefit from this situation.
so don't let dirty thoughts penetrate.

strunberg

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Quote from: doctor877 on March 12, 2020, 05:28:29 PM

Right now every corner of the world is filled with fear. No one is left out so everyone will have his/her share of the effect of this pandemic. No one knows when this will stop and as it seems now it might take a while. Everything will surely be affected even those that are not supposed to be affected.

extreme fear not happen in around the world. finance market colapse when investors prefer to sell their assets and hold fiat. corona recovery will need long time to finish, everyday in any countries occur new cases and this i that make all people feel fear. maybe it will finish when medicine to stop virus.

Perfect35

member

Activity: 854

Merit: 10

The pandemic could have just been a coincidence. Some people might be taking advantage of Corona, to cause more panic, because they are looking for the opportunity, to keep buying low and selling high. I am sure no one would be able to predict where the price is likely to stop, most especially the lowest point before it picks up again. fIf it were to be corona, it would have caused a lot of dumps, the week it was announced. Rather, some were busy strategizing on how to use it to their advantage.

doctor877

full member

Activity: 896

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Right now every corner of the world is filled with fear. No one is left out so everyone will have his/her share of the effect of this pandemic. No one knows when this will stop and as it seems now it might take a while. Everything will surely be affected even those that are not supposed to be affected.

gundala

full member

Activity: 896

Merit: 108

This is a pretty bad situation since Covid 19 affected various trading markets. This is a global problem and its effects are broad. Now crypto gets the worst impact, especially BTC, this is one of the biggest single-day falls Bitcoins during 2015-2020. At the beginning of February, there were no significant effects like what happened on the stock market, but today this fear is really happening. Although it does not directly affect, Covid 19 really has a big domino effect on all economic markets, it is really worrying. But we must stay calm, don't panic. There is a possibility that prices will fall again, but there is also hope for a bounce, even though it has to be longterm, so let's be patient, hopefully halving the moment gives good hope.

Octular

newbie

Activity: 52

Merit: 0

I am not worried about myself, I'm not worried about my closest family. I do not visit my grandparent (only have one left). BUT, i am shit scared of what this society panic will cause in terms of economical consequences.

In the stock market, when panic hits everyone sells everything and prices drops. Even my "Health care sector ETF" which should be sky rocketing (right?) is plummeting. Shouldn't the health care sector benefit from this?
But I would have hoped that the crypto market shouldn't have beeen "infected" by the corona fear, but obviously it did.

In crypto there is no bottom, there are no fundamentals, so whois to say they prices aren't going to drop even harder than the regular financial market!?

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

I personally don't think it's over just yet because many people have and are continuing to sell off their BTC out of pure fear, though I don't think there'll be another massive candle downwards again like what happened today. People are scared of investments all over the board and not just with crypto, and downwards pressure still remains relatively strong. The virus is still spreading over the globe, and I can only imagine it'll continue to spread in the short term.

Shallow

sr. member

Activity: 938

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One thing I understand is, there is panic everywhere starting from what Coronavirus did, then over to the oil industry and now the crypto market. But however, in some countries there have been reports of people being stable from this virus, the question is why aren't the news flying around? Nevertheless, about the crypto space, there are speculations of course going around about a particular price of which Bitcoin will drop to before going massive prior to halving but who knows that will happen tomorrow. In my own opinion, the only way is to be steadfast in whatever trade we do, take adequate caution, make good decisions and so on; but one thing is sure, this phase will pass.

travwill

sr. member

Activity: 1313

Merit: 278

I think everything is just beginning.
Given that the spread of coronavirus is gaining momentum in central Europe, it can be assumed that the fall will only increase in the next month.
The fall in both stock markets and cryptocurrency.

Vishnu.Reang

sr. member

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Quote from: soramon on March 12, 2020, 08:49:47 AM

The corona virus have no fault in this issue. All market included stock, gold and other has been decrsease when the media started to scared the world with their articles/news. I personally hate this news about corona its not that scary at all. I hope this epidemic end in short time.

You are right. CoinDesk has claimed that the drop was most probably caused by a mass dump of cryptocurrency assets by PlusToken scammers and they have published evidence for their claim. That said, I am not saying that the Coronavirus epidemic has no role in the current bloodbath situation in the cryptocurrency market. It has played its role and there is a lot of FUD going on in the market right now.

Octular

newbie

Activity: 52

Merit: 0

Quote from: qory on March 12, 2020, 09:18:04 AM

Will make bitcoin drop drastically if corona virus keep running and continue, many countries still not get solution about what method to stop corona virus and how to make their people get well soon after get corona virus,

My believe is that more and more states are moving towards lock down, like the US with the stopping of flights.
Then this might just be the beginning of very deep down spiral.

US stock exchanges opened blood red

qory

hero member

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Will make bitcoin drop drastically if corona virus keep running and continue, many countries still not get solution about what method to stop corona virus and how to make their people get well soon after get corona virus,

blockman

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Just think of it as a continuous crisis but there will be a stop. When? I don't know, we don't know but I do have faith that sometime not that far, this crisis will be stopped and antidote will come. And when it's done, the world will start to recover, all markets will recover and we're all going back in business as usual.

joinfree

sr. member

Activity: 1274

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

I guess we are still seeing the drop in the entire crypto market. The level of panic in the industry at the moment is insane as people are much more concerned about the status of the virus and when it's going to be controlled. Some people can't go out to cash out of banks hence it is better to sell the cryptos and receive funds into your electronic wallet like paypal etc.

soramon

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The corona virus have no fault in this issue. All market included stock, gold and other has been decrsease when the media started to scared the world with their articles/news. I personally hate this news about corona its not that scary at all. I hope this epidemic end in short time.

Topic: Is the Corona drop over or will it continue? - page 9. (Read 1170 times)