Topic: Virus Bear Market? - page 7. (Read 1814 times)

Not sure also in May about halving will make the bull run market because a situation like this will certainly make things more complicated and also, the correlation of every event that occurs will at least always be there directly or not because indeed, at first all prices collapsed but as time goes by the price begins to recover slowly so that the correlation does indeed exist, because with the correlation there is at least the price can recover along with the situation which will slowly improve as expected.

You ask the right questions, but I doubt that anyone here can answer you with the degree of objectivity with which you would like.
The crypto market is being manipulated by whales. they will never lose their own gain.

So, when there is any movement in the market, you need to take into account that one of the whales can seize the moment and somehow benefit by playing their cards.
I do not think that the virus is a full-fledged reason, but it gave them a good opportunity to earn money and create panic in the crypto market.

But still, gold from all the listed assets has lost less, which once again confirms its status as the main asset in the event of various similar situations. But cryptocurrencies, unfortunately, showed themselves rather poorly. I counted on their greater stability.

The drill is that when there are pandemic diseases or anything that affects the globe, it creates fear which results in panic sell. Also, this is not something that affects bitcoin alone but other traditional assets and resources. Gold, Silver, Diamond everything is affected. Look at the stock market, all is affected. even the global market for crude oil is affected. Hopefully, before MAY, there might have been substantial vaccines that proved effective for this disease and probably the market will recover

Wew . That was a lot of questions you got there but I try to answer a few based on what I think of . Gold isnt dropping because it was a stable asset but I don't think that gold aren't affected with the situation that is happenings right now .

Not just gold but all asset and that include digital assets are all affected even if you say that the virus isn't digital but once people got affected it affects thier ability to invest . I was praying for the speed up recovery of all  .

Where the hell could you have been that you didn't know about the virus and the bear market. I mean I can understand why people may not know there is a crisis going on if they are rich enough, or maybe live in a rural place and all. However, nations are closing borders and giving orders to stay at home, what the hell have you been doing all this time that you didn't hear a single news?

All newspapers, all articles online, all online chat channels, all televisions, all basically even games that you play online have talks about corona, you need to be stuck in a room with absolutely no connection to outside world, you have to be in a coma to not know this.

In the end there is a big crisis going on and it is almost recovered in bitcoin because we are amazing, but you should check the news now and learn a lot more about it and not just read here.

but the decline and increase of course there is a reason, and because of this virus outbreak, it makes negative news that brings the market down sharply. almost all sectors experienced a decline, until some shares were temporarily closed so as not to get worse.

It was a Ponzi scheme. They collected money from investors in the form of BTC and ETH. When they exit scammed last year, they started selling off their BTC holdings. This increased market supply and has been pressuring the price down. Read this article: PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin.


Bad news can trigger crashes. It's not required but it certainly helps things along. The pandemic has ushered in grim economic numbers (GDP contraction estimates, unemployment estimates).....what would you expect to happen?

PlusToken is a altcoin? Whats it gotta do with btc?

What about food commodities agriculture markets? Where panic buying increased grocery prices. These markets are in the green yeah?

---

Does it really take a virus trigger to bring the stock market to correction after its been over inflated? I thought in markets when something goes up it must come down like a roller coaster naturally like gravity without a need for the virus to do this.

[moderator's note: consecutive posts merged]

I don't think people lost trust in bitcoin, some holders simply decided to cash to buy things for the virus while others rode the global economy going recession due to production and commerce worldwide shutting down.

Now China is starting back up, and they will find themselves in a world where nobody else is producing anything (but can't buy either) until every country either controls the virus or waits until everyone gets infected, a process that could easily take 3 months if we take China itself as example.

very_452001: It IS doom & gloom, consider returning back to sands for the next months or half a year? If far away from humans, even better!
Indeed once the World Health Organization officially recognized the global Pandemic, and the outbreak getting out of hand in Europe and the US, things took a turn for the worse. At first the naysayers were laughing at it like "just another conspiracy, yadda" but the numbers didn't lie and most countries did not anticipate or assessed the danger properly. Now its obvious, but its too late, exactly the way a hyperinflation hits.

Unfortunately vaccines and cures are taking longer than the virus to spread around, even with countries bypassing normal medical trials and rushing; its still taking too long. If you survive, by next year there probably will be a vaccine. Survivors will probably develop defenses in their bodies for the slight mutations of the virus and probably won't need them except for the usual risk group (just like the flu).

First tof all its not only crypto world it's the entire market which has been crashes as you can see daily drip im hold rates as well and right now survival is the key concern as people are least bothered about future as they just wants to survive the present as future looks uncertain due to corona virus. We should stop worrying about the crypto market for a while until things settled down and even if the halving takes place now it will be a flop due to present circumstances.

It will devalue cash over the long term. Inflation is up 20% since the last QE party began in 2008. That will continue.

You can already pay for groceries with BTC. It's easy to buy gift cards to Amazon (Primenow, Prime Pantry), Whole Foods, other supermarkets. You can also use apps like Spedn at physical stores.

The problem is the market doesn't trust BTC to hold its value. It's considered a high risk asset. Merchants and vendors don't want to hold it. In bear markets, investors don't want to hold it.

If BTC were the global medium of exchange everyone used, it wouldn't crash like it did, but that entails a lot more than being able to buy groceries with it.


No idea, but it would sure be a start!

So you saying investors selling their bitcoins for cash because they need cash to buy overpriced out of stock panic buying groceries to survive because jobs are lost and companies shutting down?

What about central banks printing more money? Wont that de-value cash further? 

So if people can pay for things like groceries with bitcoin with central banks printing more money inflation then would bitcoin crash like it did with the virus?

---

2018 to mid 2019 the last bear market lasted. So this Virus bear market will end when governments announce vaccine?

Governments saying this virus hype can last till next year, meaning bear market will end till next year or when vaccine is announced, whichever comes first?


[moderator's note: consecutive posts merged]

It's not a virus bear market ...it's just the effect of the coronavirus that went world wide so there are no exceptions. Every economy has go down a lot and it looks like it will continue to go down as the number of cases are still increases...stay safe guys, forget a while about cryptocurrencies, stay with your families , love them and we can all celebrate in some months. For now cash is king so don't waste them on things that won't bring you food and water. Bitcoin can't bring you this goods right now.

You just need to read what you wrote and you would realise you answered your questions.


Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?

In global recessions/depressions/global economic meltdowns ...

Yeah the panic from the people is the very reason why the bitcoin price dumped last week, maybe some of people in here withdrew their cash when the virus spreading gets severe and other countries are situated in lockdown and quarantine. I hope $6K is the lowest we could go down this year and the halving event will give us something huge. I also firmly believe on our strong hodlers and believers, I salute them for frontlining the price resistance.

Some say that nothing in the world happens by accident, so one should not think that a BTC drop of 50% happened just like that. COVID-19 launched a chain reaction in which all markets are hit, some less, some more - BTC was no exception.


Which government says that? Realistically speaking, they have no idea - if they had listened to the scientists the virus would have done far less damage than it does now, and instead they pushed the thing under the rug in an effort to protect profits.


I have to look in my crystal ball and I'll get back to you about halving - and in the meantime, try not to mix viruses that spread through the Internet and those that attack people.

The virus spreading does not help a lot to the market for over the world because today they are avoiding to have transportation because we are now avoiding having physical contact with the things we can touch. Also, the world of crypto currency falls down because there are some people converted their money into fiat currency just to avoid having the lack of sources to survive the outbreak still we are looking forward to make more earning while the virus is spreading because some of the people today accept the use of crypto or the digital currency as payment because it is faster and secured also they don't need to go outside because some of the places today made a lockdown to avoid people being infected.

When ten thousand of people are dead globally within a few month you think it is a hype or a real thing to take precaution and that is exactly many governments are trying to do at the moment.

You cannot expect the market to recover all of a sudden after the halving, just have the patience to hold for a few months and the market will recover.

The market depends upon the economic situation and we have financial institution investing in the market and if they foresee that the rest of the market is going down they might book their profit to reduce the loss and i think that is what happened here.

During the times of recession people will turn to gold but there is no concrete evidence that people will invest in BTCitcoin.

Virus make market down and keep lower price more than one month, after China announce their corona virus problem to the world bitcoin and altcoin have down drastically and make many people panic for selling assets with lower and cheap price, now we must ready bad planning if Corona virus can't stop.