There have been many new undocumented variants as well and am pretty sure there are many other variants to come in the future as well, this is inevitable, mutations are something natural for any virus. Therefore there might be many more ups and downs in the market as well.
But at the same time there are people who are plunging towards their investments in cryptocurrencies as well due to collapse of the whole economic situation which might not really work well but this dip might provide them an *opportunity* for sure.
This is not a probelm for long term investors. It's the probelm for short term holders.
Some news like : Mt. Gox funds might be out in the market could fuel panic in certain situations and make people cash out but it would balance itself soon because there are countries like El Salvador moving forward in a positive direction as well.
Topic: New COVID strain may affect crypto valuation - page 6. (Read 725 times)
I heard that the news says that the scientist found a new strain from Covid in Botswana, which they say will be more dangerous than the previous virus. But I do not search furthermore as I am not too interested in that and hope that everything will be okay.
Related to crypto, I hope that will not have a big impact on crypto and not make the price is plunge deeper. But if the price really gets the effect, I hope people can remain calm and not panic, seeing the crypto market will go down temporarily.
But it could affect the business in real life and that can impact the stock and other businesses.
Fortunately, cryptocurrencies were able to grow during the Corona epidemic and during the deterioration of the global economy, so I think that if a new strain of the epidemic breaks out, it will have a slight impact on the cryptocurrency market, due to the possibilities of using cryptocurrency and that payments in the crypto are considered as An effective method for transactions in order to reduce the risk of spreading the new virus, so we have to be confident in the power of crypto to overcome these epidemics. Related to crypto, I hope that will not have a big impact on crypto and not make the price is plunge deeper. But if the price really gets the effect, I hope people can remain calm and not panic, seeing the crypto market will go down temporarily.
But it could affect the business in real life and that can impact the stock and other businesses.
I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
I believe not. March 2020’s crash was unexpected, and everyone panic sold, then caused billions in liquidations on its way down. It was a surprise, and unexpected. The current crashes are merely prices starting to meet resistance, and not unexpected. In fact, it’s a welcome correction.
Exactly, so I would say that the dip that we are witnessing might just be short term and not like in March 2020's sudden crash and everyone went into panic mode, cash out their bitcoin because they don't know what covid-19 is that time.
But since we have been living for more than a year under this new norm, I don't think we will see the same effects on the crypto market. So this will be another waiting game for most investors.
I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
Honestly, I think it's just a coincidence. It's very important to distinguish causation and correlation. While it's true that the prices are down and a new strain was announced, I don't think these events are causally related. When the WHO announced the pandemic, it was a huge event and the panic clearly contributed to the drop we experienced then. But a new strain is nothing that huge to cause panic over the crypto market. What's instead happening, IMO, is the consequence of Thanksgiving and Black Friday, as well as a natural need for a correction due to the price being pretty high lately. Nothing to worry about, but no reason to believe that it's due to the new strain either.For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
so it makes the crypto market less impactful,
it's better to stay calm indeed and I think this correction is a good start
I heard that the news says that the scientist found a new strain from Covid in Botswana, which they say will be more dangerous than the previous virus. But I do not search furthermore as I am not too interested in that and hope that everything will be okay.
Related to crypto, I hope that will not have a big impact on crypto and not make the price is plunge deeper. But if the price really gets the effect, I hope people can remain calm and not panic, seeing the crypto market will go down temporarily.
But it could affect the business in real life and that can impact the stock and other businesses.
Related to crypto, I hope that will not have a big impact on crypto and not make the price is plunge deeper. But if the price really gets the effect, I hope people can remain calm and not panic, seeing the crypto market will go down temporarily.
But it could affect the business in real life and that can impact the stock and other businesses.
Over 10% moves in commodities is a normal in that they are always in potential volatile to this extent. Leverage is normal because storing oil is costly compared to trading just the price contracts on leverage. The bigger deal for crypto would be the dollar did not especially break upwards like it could have done. Actually all prices are uncertain due to the holiday and this weekend, till next weekend there are too many unknowns including the nature of this variant itself.
Ah sh*t here we go again! 2021 is about to end, but pandemic isn’t. Because of that announcement, stocks have dropped very badly. They’ve named the new variant as Omicron, which so far scientists say it’s much more worse than Delta and can spread a lot more as it has 30 mutations. However, it was yet to be determined if this variant can bypass or counter antibodies and vaccines that we have.
Although vaccines are our best defense and can prevent hospitalization, this one is really a variant of concern. I am fully vaccinated and I’m aiming for a booster shot after 6 months from the day of that dose. Ain’t confident to travel overseas because of this new variant and it may spread worldwide in no time. Blocking specific countries like South Africa, Botswana, Hong Kong, etc., isn’t enough to contain. It may be already here anytime without warning, as COVID-19 mutation keeps evolving.
On the other hand, we’ll yep it’s a good opportunity to buy the dip.
Although vaccines are our best defense and can prevent hospitalization, this one is really a variant of concern. I am fully vaccinated and I’m aiming for a booster shot after 6 months from the day of that dose. Ain’t confident to travel overseas because of this new variant and it may spread worldwide in no time. Blocking specific countries like South Africa, Botswana, Hong Kong, etc., isn’t enough to contain. It may be already here anytime without warning, as COVID-19 mutation keeps evolving.
On the other hand, we’ll yep it’s a good opportunity to buy the dip.
I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
Honestly, I think it's just a coincidence. It's very important to distinguish causation and correlation. While it's true that the prices are down and a new strain was announced, I don't think these events are causally related. When the WHO announced the pandemic, it was a huge event and the panic clearly contributed to the drop we experienced then. But a new strain is nothing that huge to cause panic over the crypto market. What's instead happening, IMO, is the consequence of Thanksgiving and Black Friday, as well as a natural need for a correction due to the price being pretty high lately. Nothing to worry about, but no reason to believe that it's due to the new strain either. For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
I believe not. March 2020’s crash was unexpected, and everyone panic sold, then caused billions in liquidations on its way down. It was a surprise, and unexpected. The current crashes are merely prices starting to meet resistance, and not unexpected. In fact, it’s a welcome correction.
Yeah, lol, it has already affected.
Markets are very susceptible to news like this, so the decline is not surprising. We will have to see how the price behaves in the medium term, but I doubt that the drop will be as serious as in March 2020, because this time we will not be caught off guard. I do think it could affect the overall economy if it leads to more lockdowns, but I think Bitcoin is going to be a winner in the medium and long term as a safe haven.
Markets are very susceptible to news like this, so the decline is not surprising. We will have to see how the price behaves in the medium term, but I doubt that the drop will be as serious as in March 2020, because this time we will not be caught off guard. I do think it could affect the overall economy if it leads to more lockdowns, but I think Bitcoin is going to be a winner in the medium and long term as a safe haven.
Today was a pretty crazy trading day. I would of never expected it to be this severe. We had variants in the past and they were brushed off and markets kept going higher. However I don't know if its because it was a holiday and volumes were thinner but the stock markets took a huge beating, especially oil.
Oil closed the day at -13% which is crazy. So its either some over reaction, or some trailing stops hitting or some hedge funds has pretty good knowledge that the demand for oil will go down again due to people being stuck at home due to the new variant.
I think we need to wait until Monday and see how the markets behave then.
Oil closed the day at -13% which is crazy. So its either some over reaction, or some trailing stops hitting or some hedge funds has pretty good knowledge that the demand for oil will go down again due to people being stuck at home due to the new variant.
I think we need to wait until Monday and see how the markets behave then.
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
Yep, you got that right. I wouldn't even consider the recent drop in price over the last day or so to be all that significant (probably because I've seen crazier swings before).As far as the stock market being "down the drain" I'd say we've only got one day's worth of data on that. Today was an ugly day in the market, but it's also the day after Thanksgiving and volume was pretty low if I'm not mistaken. That new strain of COVID may or may not have been responsible for the drop. I'm pretty sure it played a part, but I don't think it's the whole reason.
Speaking of variants, all I've heard is that this new one is more transmissible. OK, so it can spread more efficiently, right? But I've heard nothing about any increase in virulence, mortality rates, or anything that would suggest that it's going to kill more people than the previous strains. And all the while I keep thinking to myself that this is a virus that most people recover from after a period of mild to moderate symptoms--and that the media and governments around the world just want this pandemic to keep going on and on.
I'm sick of having to wear a face mask to work and tired of vaccine mandates. Just thought I'd add that in.
Isn't amazing that merely the announcement of a new strain can have that drastic effect on the markets? Oil markets tanked a bit earlier too, stocks included. The strain hasn't even been confirmed to be more deadly or capable of evading vaccine induced immunity, so anyone that isn't already protected can get protected. The covid hysteria crowd can essentially manipulate the market by pushing fear such that an announcement will cause people to be on edge. Is there published data on this strain? Nope. So why is there panic? Big pharma companies are laughing to the bank.
I do think that the cryptocurrency market will not be affected that much given that most countries are prepared and have already adjusted.
With the World Health Organization announcing a new strain of virus called Omicron, which is highly transmissible that can be found in parts of Africa, there is that potential of affecting the whole market like what happened when COVID first hit the countries. The difference is, most businesses have already adjusted to the 'new norma' and people have already been vaccinated. Though a new strain may be highly transmissible, I still doubt that it will affect and impact the cryptocurrency market that much for everyone to be worried about.
With the World Health Organization announcing a new strain of virus called Omicron, which is highly transmissible that can be found in parts of Africa, there is that potential of affecting the whole market like what happened when COVID first hit the countries. The difference is, most businesses have already adjusted to the 'new norma' and people have already been vaccinated. Though a new strain may be highly transmissible, I still doubt that it will affect and impact the cryptocurrency market that much for everyone to be worried about.
Mate, we just had a decent red candle across the board, as well as the U.S. stock markets. You don't need to doubt it because the news already impacted the markets lol.
And yea we can say "correlation is not causation", but it's more likely to be the actual cause.
I thankfully had the day off of work but the markets sure didn't, and it was an ugly one. Personally I think this is a bit of overblown fears as there seems to be quite a bit of unknowns at this time. People panic selling is certainly nothing new and like when most other times people do so, I'll be there to try and hopefully take advantage of it. The way I see, bitcoin is simply having it's Black Friday sale ( and very possibly end up having it's Cyber Monday sale as well). In all honesty I'm slightly concerned but we shall have to wait and see.
The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain
I think this was the cause of the crash:
Quote
Didi shares sink on a report that Chinese regulators have asked it to delist from U.S.
GUANGZHOU, China — Shares of China’s Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.
Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBank’s Vision Fund owned more than 20% of Didi following its U.S. listing.
Bloomberg’s report said regulators want Chinese ride-hailing giant Didi to delist from the New York Stock Exchange because of concerns about leakage of sensitive data. The news agency cited people familiar with the matter who asked not to be identified due to the sensitivity of the matter.
https://www.cnbc.com/2021/11/26/chinas-didi-asked-to-delist-from-us-softbank-shares-fall-report.html
GUANGZHOU, China — Shares of China’s Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.
Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBank’s Vision Fund owned more than 20% of Didi following its U.S. listing.
Bloomberg’s report said regulators want Chinese ride-hailing giant Didi to delist from the New York Stock Exchange because of concerns about leakage of sensitive data. The news agency cited people familiar with the matter who asked not to be identified due to the sensitivity of the matter.
https://www.cnbc.com/2021/11/26/chinas-didi-asked-to-delist-from-us-softbank-shares-fall-report.html
There is concern of other chinese conglomerates like Didi choosing to delist from the US in the future.
With the motive being perhaps to insulate china's economy from US inflation and a potential future crash.
I can't claim to be an expert on Didi or what china's motives are for this move. Its a topic well worth investigating IMO for anyone interested in the topic.
We are almost 2 years of this pandemic but havent we able to look on what happened in the market? We've still able to grow or make this big despite of the economic condition due to covid and now we are having that new covid strain once again?
I dont see for it to be that probable on dumping or crashing out the market which it isnt really that surprising because we've seen on our very own eyes
on how this market did end up or behave during these periods.
For now lets just make out some assumption once again but since we do already have the experience then
this is something we shouldnt really worried upon.
I dont see for it to be that probable on dumping or crashing out the market which it isnt really that surprising because we've seen on our very own eyes
on how this market did end up or behave during these periods.
For now lets just make out some assumption once again but since we do already have the experience then
this is something we shouldnt really worried upon.
Lots of fear mongering.
I don't see how the news has anything to do with crypto valuation at all and it just seems a bit strange that BTC, which is an uncorrelated asset to most other stocks, would dump harder than even the travel sector stocks
Oh well, more time to buy up the dip
I don't see how the news has anything to do with crypto valuation at all and it just seems a bit strange that BTC, which is an uncorrelated asset to most other stocks, would dump harder than even the travel sector stocks
Oh well, more time to buy up the dip
More of like looking at the reality of the situation rather than "feat mongering" lol. I don't get it either why a new covid strain would affect the cryptocurrency markets, but the fact is, there's a high likeliness that it indeed affected the markets in general; whether we like it or not. It already happened in 2020, so I wouldn't be surprised if it affected the markets again in the same way.
I do think that the cryptocurrency market will not be affected that much given that most countries are prepared and have already adjusted.
With the World Health Organization announcing a new strain of virus called Omicron, which is highly transmissible that can be found in parts of Africa, there is that potential of affecting the whole market like what happened when COVID first hit the countries. The difference is, most businesses have already adjusted to the 'new norma' and people have already been vaccinated. Though a new strain may be highly transmissible, I still doubt that it will affect and impact the cryptocurrency market that much for everyone to be worried about.
I am observing today something similar to what happened in 2020 but at a micro-scale. The announcement of a new COVID variant that may be resistant to current vaccines has sent the Dow and the S&P down the drain, particularly airlines and other travel hospitality linked business. Zoom stocks are up, mining and raw materials down,... It looks like a repetition also in bitcoin price with a plunge that may be ongoing.
During the last lockdown due to the outbreak of the pandemic many businesses that required physical contact suffered losses and drop in patronage. But after the lockdown was lifted we saw newer opportunities and the internet became the saving home of many ventures. If bitcoin gets a repetition of what played out in the market in 2020 then there will be cause for panic Quote
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
We have had bitcoin rebounce on several occasions and holders who were patient enough had cause to smile. But they truth remains everyone would not hold some just take advantage of the volatility then sell and make little profit not everyone has that patience 
For those of you that are newer on hodling, just calm down, this is nothing new, bitcoin will be there tomorrow and, likely, rebounding after the initial collapse caused by the stop-loss orders triggering of the first days.
All such negative news are always impacting new comers miserably compared to people who have been experiencing corrections and crashes time to time. If anyone who just invested into bitcoins then they must need to think about buying again at dips rather than working on stoploss levels. Bitcoin is always known for bouncing back sharply hence this new covid variant you also might get defeated by bitcoin for sure.When people come across ups and downs more frequently then they will plan up like how how veteran bitcoiners are doing. So, corrections are always needed to have butter benefits in all means (like for existing people to buy more at dips and for new people to catch cheaper prices psychologically).
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