The current world market situation. - page 3.

Valzador

hero member

Activity: 1316

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Quote from: Firefoxx on April 17, 2020, 05:27:01 PM

It's really heartbreaking and disheartening to see the present world's condition. The pandemic is really not doing any good at all. It has really killed many people and brought world's lockdown and low economy growth but despite the condition, crypto has been doing a bit well but not like what we expected anyway but still better couple with the situation at hand.

Insted of thinking negatively about this pandemic, let's look at it from a positive perspective.

First, this pandemic has made prices of foreign currencies and other investment assets lower than gold, of course. The decline in the valuation of investment assets can be an opportunity for new players to get profits.

Secondly, this pandemic will change our perspective on Bitcoin. Warren Buffet once said that Bitcoin is an investment bubble. Still, if you can see the current conditions where transactions using fiat currencies will indeed transmit the virus and transactions using gold will require a lot of effort, Bitcoin is the real solution of this pandemic, you don't need physical contact to make transactions with other people. I'm sure the buffet will rethink saying Bitcoin is a bubble investment in the future.

Third, it is a little dark, but with the existence of this pandemic making the population of the boomer decrease, the boomer generation is the generation that underestimates Bitcoin, with the reduction of that generation will assess bitcoin change.

Firefoxx

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Activity: 280

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It's really heartbreaking and disheartening to see the present world's condition. The pandemic is really not doing any good at all. It has really killed many people and brought world's lockdown and low economy growth but despite the condition, crypto has been doing a bit well but not like what we expected anyway but still better couple with the situation at hand.

Denreal

jr. member

Activity: 784

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Quote from: ?? on ??

In situations like this it would be better to make a donation but when you have a business that can be developed when the situation is like this, why not. Every moment at least there will be opportunities that can be developed, so investing or not in any form I think there is nothing wrong as long as we know the risks, because after all the world market and economy will definitely recover.

Actually some business ventures are making it big at this time, most especially the offline businesses. Crypto would have been affected, but it has proven to be stronger even in the face of this serious pandemic.
The crypto space has encountered so many challenges in the past and more will still come. I believe that the world government will look more into this and try to see how crypto can be adopted. Despite the fluctuation, new investors are coming in to buy and hold.

TheGreatPython

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Quote from: tunapa on March 09, 2020, 02:09:30 AM

If you don't understand the effect of Corona on the global economy ! In the last 8 -12hrs , the US Crude oil is down by 31% , UK oil by 32%, BTC by 12% and more and other trading pair are falling deep. Crude oil seems dead now because they can't export it. Traders and investors needs to be careful now. This might be an unprecedented global recession. Now is not the time for long term Investment in real estate because when it goes bad, all those investment will be sold for pennies. So please hold your cash and follow the news.

Someone will ask that the funds that are leaving crude and stocks, where is it going ? It's simply being rolled into Fiat because everyone is careful of Investing at this time.

Talking about crude oil, I think the main thing that served as a catalyst in bringing down the price is the oil trade war. Coronavirus might have also contributed to it, just like it did to other markets as well. Other stocks like Dow Jones were seriously affected and fell down after a very long time.

Bitcoin was affected and dropped to a very low rate, the least that I expected it to, and that's $3k+. But the good news is that they have all been able to recover and things are getting back to normal now. Some countries now have plans to lift the lockdown so that some people can get back to work. I pray this comes to an end.

EbriDan

newbie

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All economy have been affected negatively by the pandemic, the worst part is we are using up savings

Paycoinzzz

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Quote from: tunapa on March 09, 2020, 02:09:30 AM

If you don't understand the effect of Corona on the global economy ! In the last 8 -12hrs , the US Crude oil is down by 31% , UK oil by 32%, BTC by 12% and more and other trading pair are falling deep. Crude oil seems dead now because they can't export it. Traders and investors needs to be careful now. This might be an unprecedented global recession. Now is not the time for long term Investment in real estate because when it goes bad, all those investment will be sold for pennies. So please hold your cash and follow the news.

Someone will ask that the funds that are leaving crude and stocks, where is it going ? It's simply being rolled into Fiat because everyone is careful of Investing at this time.

but as of now, the market is recovering strongly, especially in the US. After the strong sell-offs of investors made Dow 30 drop to over 18k and after only 2 weeks, the market is growing again. It seems that people are now looking for and buying potential stocks at cheap prices. The recovery is quite strong but I think in the future it will continue to fall free. the epidemic situation is still very negative and has not seen a single ray of light, cases continue to rise high for many countries with large economies. Therefore, people should still hold cash and should not make any investment moves at this time.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: DevilSlayer on April 16, 2020, 11:06:28 PM

Quote from: Synaesthesia on April 16, 2020, 08:56:59 PM

Quote from: Thomas-s on April 16, 2020, 11:31:53 AM

Quote from: Wildwest on April 16, 2020, 07:35:03 AM

Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

the virus will surely disappear very quickly. most likely the situation will calm down in the summer, but the problem is that the situation in the global economy will become worse even after the virus disappears. I think cryptocurrency will also suffer in the coming year. but in 2021 everything will begin to improve

Everyone believes in 2021 but maybe things will turn out worse because covid-19 does not have a vaccine yet and the spread is still very high. I think there will be no safe country at this time and you should be more careful because the situation is very unpredictable now. Currently the crypto market is very unpredictable and it is possible to drop prices very quickly if the situation gets worse.

Even the 1st world countries who have the best health care system are having a hard time to prevent the spreading of the virus. We should expect that the worst may come to happen because we are now in the global recession. The economy are now start collapsing because of the businesses that have forced shutdown due to the lockdown. There are a lot of drops especially in stock market and cryptocurrency market and I think it is better if we all have plan to handle different scenarios that we may face.

There is no one safe from this Virus and even China that almost declared being Corona Free are now having cases again,Also South Korea that has the fastest recovery in the world now have another cases from those once declared patients Virus free.

Quote from: ameliana on April 16, 2020, 01:12:16 PM

The presence of Corona Virus is very bad for everyone in the world and global companies. as we can see that every country affected by the corona outbreak has experienced deflection and many victims have died. millions of people lost their jobs, private companies and investment shares are now declining. and the corona virus can be said to have affected the cryptoqurrency industry space too.

maybe this is Bad for the company but this is good for the Nature ,maybe this is the sign that people starts to Love the environment more than what we did in the past before this virus occur.

kogozer714

copper member

Activity: 593

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Quote from: tunapa on March 09, 2020, 02:09:30 AM

If you don't understand the effect of Corona on the global economy ! In the last 8 -12hrs , the US Crude oil is down by 31% , UK oil by 32%, BTC by 12% and more and other trading pair are falling deep. Crude oil seems dead now because they can't export it. Traders and investors needs to be careful now. This might be an unprecedented global recession. Now is not the time for long term Investment in real estate because when it goes bad, all those investment will be sold for pennies. So please hold your cash and follow the news.

Someone will ask that the funds that are leaving crude and stocks, where is it going ? It's simply being rolled into Fiat because everyone is careful of Investing at this time.

corona virus greatly affects economic growth including crypto, true What you say we must be careful in making the decision to invest if one takes it will be empty, the investors will definitely wait for the certainty of the corona virus to open up new institutions to invest in cryptocurrency

DevilSlayer

sr. member

Activity: 1456

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Quote from: Synaesthesia on April 16, 2020, 08:56:59 PM

Quote from: Thomas-s on April 16, 2020, 11:31:53 AM

Quote from: Wildwest on April 16, 2020, 07:35:03 AM

Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

the virus will surely disappear very quickly. most likely the situation will calm down in the summer, but the problem is that the situation in the global economy will become worse even after the virus disappears. I think cryptocurrency will also suffer in the coming year. but in 2021 everything will begin to improve

Everyone believes in 2021 but maybe things will turn out worse because covid-19 does not have a vaccine yet and the spread is still very high. I think there will be no safe country at this time and you should be more careful because the situation is very unpredictable now. Currently the crypto market is very unpredictable and it is possible to drop prices very quickly if the situation gets worse.

Even the 1st world countries who have the best health care system are having a hard time to prevent the spreading of the virus. We should expect that the worst may come to happen because we are now in the global recession. The economy are now start collapsing because of the businesses that have forced shutdown due to the lockdown. There are a lot of drops especially in stock market and cryptocurrency market and I think it is better if we all have plan to handle different scenarios that we may face.

Synaesthesia

sr. member

Activity: 546

Merit: 253

Quote from: Thomas-s on April 16, 2020, 11:31:53 AM

Quote from: Wildwest on April 16, 2020, 07:35:03 AM

Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

the virus will surely disappear very quickly. most likely the situation will calm down in the summer, but the problem is that the situation in the global economy will become worse even after the virus disappears. I think cryptocurrency will also suffer in the coming year. but in 2021 everything will begin to improve

Everyone believes in 2021 but maybe things will turn out worse because covid-19 does not have a vaccine yet and the spread is still very high. I think there will be no safe country at this time and you should be more careful because the situation is very unpredictable now. Currently the crypto market is very unpredictable and it is possible to drop prices very quickly if the situation gets worse.

ameliana

full member

Activity: 887

Merit: 100

The presence of Corona Virus is very bad for everyone in the world and global companies. as we can see that every country affected by the corona outbreak has experienced deflection and many victims have died. millions of people lost their jobs, private companies and investment shares are now declining. and the corona virus can be said to have affected the cryptoqurrency industry space too.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Barbut on April 15, 2020, 01:07:10 PM

We are witnessing something that is happening for the first time. It's never happened before to economy to completely stop, even in times of war many things work normal and people go to jobs or do something, this now is probably confusing for many people.
We have a problem, a global problem at the moment! And I believe it will be solved, but we also need to make sure to not have the same problem in the future, for that we will have to see some global changes. I am not sure what kind of changes we will see, but they will happen! Let's stay alive and see them!

What it is happening is that we are seeing a global pandemic for the first time in the modern world and that is without a doubt pushing us to the unknown, there are many that want the economy and productive activities to keep going as if nothing is happening, but if that we are to happen the crisis we are facing will be many times worse and its effects over the long term in the economy will be even bigger, governments understand this and that is why we are being recommended to keep our distance and to quarantine ourselves and even if this has a short term effect on the economy, over the long term this is the best course of action.

Thomas-s

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Proof-of-Stake Blockchain Network

Quote from: Wildwest on April 16, 2020, 07:35:03 AM

Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

the virus will surely disappear very quickly. most likely the situation will calm down in the summer, but the problem is that the situation in the global economy will become worse even after the virus disappears. I think cryptocurrency will also suffer in the coming year. but in 2021 everything will begin to improve

panganib999

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Activity: 1750

Merit: 589

At this point of time while the Coronavirus pandemic is still on, we can see and observe the negative effect it brings not just for the health care but also for the world market situation. The stock market as you can read in the news are still down because of the current situation. Might as well the other sectors are also affected specially the economic sector because of the quarantine that introduces lockdown so man power on different work places are off due to restrictions set by the World Health Organization. Due to this factors, the world market is suffering together with the increase of the number of covid cases infected and deaths. This just clearly demonstrate that we are facing into a serious manner that affects the whole world and we still cannot do anything about that because certain actions are needed to be done to avoid the spread of virus even if the economic standing is at stake. Let us just all hope that thid will come to an end already and may the different sectors affected will fast to recover so as with the world market.

TopT3ns

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#SWGT CERTIK Audited

Quote from: Wildwest on April 16, 2020, 07:35:03 AM

Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

the main cause is due to the corona virus outbreak that makes investors and traders who can give effect because it has many assets in cryptocurrency making the digital currency economic conditions destroyed like this, hopefully conditions will recover quickly.

Wildwest

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Indeed for now the world economy is deteriorating so all investors have to bear losses, and I think in the crypto world all that happens can still survive because there are still many altcoins that price increases in the current situation, and is perfect for investing in the future, and we expect Corona virus will quickly expire.

memed97

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Quote from: soramon on April 16, 2020, 07:17:03 AM

This pandemic is really give a bad influence to any market. Every market in this world is getting worse day by day. The price is cheaper than usual. I think this is a chance to new investor try their luck on cryptocurrency. I believe this condition will over as soon as possible.

Yes, indeed in terms of opportunity, it's good to try their luck again in cryptocurrency for everyone, not just investors, only we have to understand is that trying luck clearly has a risk and will not immediately become lucky.

soramon

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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

This pandemic is really give a bad influence to any market. Every market in this world is getting worse day by day. The price is cheaper than usual. I think this is a chance to new investor try their luck on cryptocurrency. I believe this condition will over as soon as possible.

rahmatullah9305

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Quote from: Inosend on April 15, 2020, 05:30:49 PM

It's so obvious that CORONAVIRUS has really hurt the world economy as a whole which has also extended the harm to crypto market but I believe we will be out of this in due time.

In this case we cannot blame Coronavirus, because it will only attack people who are dirty and eat food that is no longer sterile, and how to handle it is already there so that people who have not been infected can be more alert to Coronavirus and those who have contracting can also be cured if he goes straight for treatment.

Ziskinberg

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Quote from: Surrapatt on April 16, 2020, 06:11:57 AM

Quote from: ?? on ??

the current situation of the market is pretty bad right know because most of the holders are dumping their coins so that they will their money into essentials.

Basically they do not throw their coins into the market, only they exchange coins into another form or into a real currency because there is a sudden need and there are other needs to meet their daily needs.

Well, I also think that way, they are whales and considered to be smart, so throwing is not a thing to them.
However, I still think that they don't pull out all their investment as being a whales, they are successful because they believe in the market.

they might need funds for the situation, but they will only pull out a portion of their stash.

Topic: The current world market situation. - page 3. (Read 1607 times)