What do you think? - page 2. | Bitcointalksearch.org

exstasie

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Quote from: adaseb on March 28, 2020, 11:07:44 PM

Maybe that drug combo that Trump suggested will work as a way to cure the virus against the ones infected however there is no proof it works yet even.

It definitely isn't a cure but it might be an effective treatment. Although detractors have all but written it off, there are some early signs the hydroxychloroquine/azithromycin combo may be effective.

Doctors in Bahrain are administering it to patients. The government says it was effective in "alleviating the symptoms of the virus and reducing its complications." https://www.al-monitor.com/pulse/originals/2020/03/bahrain-claim-success-anti-malarial-drug-coronavirus.html#ixzz6I47tr8BO

A small French study found that "hydroxychloroquine treatment is significantly associated with viral load reduction/disappearance in COVID-19 patients and its effect is reinforced by azithromycin." https://www.sciencedirect.com/science/article/pii/S0924857920300996

South Korean doctors also found "some success" administering hydroxychloroquine to COVID-19 patients. https://www.local10.com/news/local/2020/03/28/desantis-shipments-of-drug-hydroxychloroquine-to-help-covid-19-on-way-to-florida/

adaseb

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Quote from: beerlover on March 28, 2020, 02:16:43 PM

I doubt that corona will be "resolved" all that easily, humanity will just adjust to it and starts living with it, you think swine flu or bird flu or influenza or whatever else just gone away totally? They no longer exists? They are still around, they still kill many people as well, we just started to learn how to live with it and it doesn't kill as much as it used to because we have medicine against them.

So, what will happen is we will find a cure, we will fix many of the sick, there won't be many that are sick and out there anymore, anyone who gets it will go to doctors and get better, and that way people would be allowed to go outside because even if you get infected you will be cured so there is no problem anymore. That is not something we do overnight.

We will adjust to it when there is a vaccine available. That way if there is an outbreak instead of isolating the entire planet, people will just take the vaccine and go to work. The reason why people don't go to work is because there is non available. And most people are just waiting for a vaccine.

Why risk going outside, getting infected and dying 2 weeks later. Not worth it. If there was a vaccine then it would of been different. Maybe that drug combo that Trump suggested will work as a way to cure the virus against the ones infected however there is no proof it works yet even.

okala

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I am currently bullish on bitcoin and hoping the market recover soon. We don't have any reason why bitcoin should fall and going below $4000 is out of the equation. Bitcoin might get better before the halving if the covid19 pandemic is reduced to controllable major.

beerlover

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I doubt that corona will be "resolved" all that easily, humanity will just adjust to it and starts living with it, you think swine flu or bird flu or influenza or whatever else just gone away totally? They no longer exists? They are still around, they still kill many people as well, we just started to learn how to live with it and it doesn't kill as much as it used to because we have medicine against them.

So, what will happen is we will find a cure, we will fix many of the sick, there won't be many that are sick and out there anymore, anyone who gets it will go to doctors and get better, and that way people would be allowed to go outside because even if you get infected you will be cured so there is no problem anymore. That is not something we do overnight.

rodskee

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Quote from: Wysi on March 24, 2020, 05:03:27 PM

Even I thought this virus will not have any affect on crypto market but eventually it did through the panic it spread across the world as most of us including myself had to withdraw our asset in order to stock up due to lock downs and curfews throughout the world for our safety but gradually things will change once he virus starts subsiding and once again I would like to remind you virus did not had a direct impact but it's the panic which has caused the chaos.

I don’t believe that you dod not thought that Corona Virus will not effect Crypto market because since December the news spreads out the media and thousands are dying in China.
In this implication it is impossible that this will not effect the crypto market though not this Bad because the panic grows wild that fast and many of us did not expected.
But lets be truthful here because this problem will stays to us longer than what we are thinking now.

Jating

hero member

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Quote from: Kersh768 on March 24, 2020, 07:11:36 AM

Given how these two variables seem to be related, do you think the market will fully recover once the problem with regards to the emergence of Corona Virus is resolved? or there are other factors which may trigger an uprise or keep the market low-still?

If we are going with the argument that the market crash because of the Covid-19 scare, then definitely, for bitcoin to recover, the global pandemic should be resolved at once.

However, it seems that the whole global market is collapsing, and only bitcoin have bounce back more than ~50% from the flash crashed. There could be other trigger for an uprise, specially that bitcoin block halving is just around the corner.

Wexnident

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I don't request loans~

Possibly. Just that I doubt this pandemic is going to end in just a few months. Yes, the vaccine is currently in its first stages of testing, but that requires time as well to see if results could actually be satisfactory. Not to mention that the vaccine itself is safe for human intake and the like, and that would take another round of testing. If anything comes up or pops up in between, the market price of crypto may fall more than we've ever thought. Though it has seen some good days recently, it still hasn't been able to break out of the $7k and is only playing around below that. If, let's say, the leading personnel for the plus token scam comes out, they could potentially cause another market crash.

Panic wouldn't leave the market, at least for now. Not until a vaccine is made, one that can be publicly released and one that anyone can pretty much have access to. You'd probably see a huge surge upwards once a vaccine comes out.

mersal

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Quote from: Kelvinid on March 26, 2020, 06:51:41 PM

Quote from: mersal on March 26, 2020, 04:17:46 PM

Panic regarding the pandemic created opportunities for buying crypto currencies at cheaper price. Still there is no good news regarding the corona virus still market seems recovering so people caught crypto as an alternative to make up for losses they have made in the stock market crash.

Then, it is to hope that this recovery momentum will continue and people might not think about selling their Bitcoin at a cheap price.
Coronavirus have still in the spread and a lot of people get infected and hopefully, it won't really matter a lot in crypto. FUDS and panic selling is over (IMO) as we saw the market bouncing back again.

Halving has to come closer but I feel that we aren't able to see the market be in the bullish if this pandemic health issue won't slow down. I have nothing to expect more this time.

And also I am seeing Illuminati conspiracy theory related to stock market crash and one world one currency so people think this is the time for bitcoin so they are moving into it.This maybe just a conspiracy theory but already helping the market to recover from the losses.Hope it will continue.

Kelvinid

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win lambo...

Quote from: mersal on March 26, 2020, 04:17:46 PM

Panic regarding the pandemic created opportunities for buying crypto currencies at cheaper price. Still there is no good news regarding the corona virus still market seems recovering so people caught crypto as an alternative to make up for losses they have made in the stock market crash.

Then, it is to hope that this recovery momentum will continue and people might not think about selling their Bitcoin at a cheap price.
Coronavirus have still in the spread and a lot of people get infected and hopefully, it won't really matter a lot in crypto. FUDS and panic selling is over (IMO) as we saw the market bouncing back again.

Halving has to come closer but I feel that we aren't able to see the market be in the bullish if this pandemic health issue won't slow down. I have nothing to expect more this time.

mersal

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Panic regarding the pandemic created opportunities for buying crypto currencies at cheaper price. Still there is no good news regarding the corona virus still market seems recovering so people caught crypto as an alternative to make up for losses they have made in the stock market crash.

el kaka22

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There will definitely be an increase when corona goes away, there is absolutely nothing that keeps bitcoin low right now, it has been said that bitcoin has no instinct value but it is loved by people like crazy so I can understand why people would still value it so high but right now the only thing that is keeping it low is the fear people have towards corona and that's it.

Many people were considering this a doomsday scenario and everyone SHOULD stay at home but it is not really all that horrible, we are not going to have 100k+ death toll when this is over.

Corona will never really "end" all that much but when there is a cure that fixes people in less than a week, it will become like a common flu, that kills people as well but it is not really not scary anymore is it? When corona becomes like that, markets will go up once again.

ukon

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Quote from: Questat on March 26, 2020, 04:25:28 AM

I have no doubt that the market will fully recover, in fact it's been recovering til now.
Bitcoin didn't drop below $4000, while bitcoin now is already trading at $6600 which I would say a good improvement already.

Let's not doubt on the situation, we've seen how strong bitcoin is as we survive although the economy is collapsing, and no chart or TA that would help us now, this isn't a normal situation so we can't use the chart to predict, what we have to do is just to believe.

I believe that at the moment the pandemic is happening bitcoin will experience a good increase in the next few weeks because I see the movement of the chart is very strong at the moment its fundamentals and will not drop below $ 5000.
I am not good at TA but as time goes by bitcoin always moves quickly when yesterday to the worst try bangkin but now it can only afford $ 6500 + but after blocking halving maybe that's what we would expect for bitcoin.

Hypnosis00

sr. member

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Regrets those who sell their coins...
The trend is really tricky for every crypto holders and for sure, those weak hands will lose their interest pretty quick.

The market started to move back high again. Many were expecting that it drops more as panic sellers have to build up but it is good to see that we're not instead, we soar above $6k and heading for $7k (and hoping for more). Hopefully, the momentum will never change and so we gonna have at a good price during halving.

Questat

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I have no doubt that the market will fully recover, in fact it's been recovering til now.
Bitcoin didn't drop below $4000, while bitcoin now is already trading at $6600 which I would say a good improvement already.

Let's not doubt on the situation, we've seen how strong bitcoin is as we survive although the economy is collapsing, and no chart or TA that would help us now, this isn't a normal situation so we can't use the chart to predict, what we have to do is just to believe.

exstasie

legendary

Activity: 1806

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Quote from: adaseb on March 25, 2020, 10:46:43 PM

The corona might of caused the stock markets to crash which might of caused the price of BTC to go from $8000 to $6000, what happened afterwards was due to massive long liquidations on Bitmex.

Why are people so sure about this? How do you know Bitmex wasn't following spot exchanges down?

For prices to fall on spot exchanges, people need to sell real BTC, on spot exchanges. Long liquidations on Bitmex do not accomplish that, and we know zero withdrawals left Bitmex during the crash because they only process withdrawals during mornings US time.

Nobody knows it was Bitmex-tied algorithms that dumped all that supply. That's just a big unproven assumption. All we know is inflows to spot exchanges increased ~170K BTC more than usual in the days preceding the crash. Massive supply leads to lower price.

A lot of over-leveraged traders got destroyed on Bitmex, I'll agree with that. I am however not convinced Bitmex controls the spot market.

adaseb

legendary

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The corona might of caused the stock markets to crash which might of caused the price of BTC to go from $8000 to $6000, what happened afterwards was due to massive long liquidations on Bitmex.

Being the largest derivatives exchange and basically bitcoin hovering around $10000 back in Feb 2020, made people open up massive long positions due to the halving FOMO. And the problem with being long with BTC as collateral is that if BTC goes down, your collateral also goes down. So even if you were 1x long at $8000, you would of been liquidated anyways at $4000. And there were maybe >$1 billion of these liquidations, hence why it crashed down to $3500.

This is the issue with high leverage derivative markets on a thin orderbook.

figmentofmyass

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Quote from: JimboToronto on March 25, 2020, 10:12:47 AM

Sure enough, while the stock markets have made only modest recovery, Bitcoin has recovered more than half of what it lost in the panic.

that view seems kinda skewed.

major stocks indices fell ~35% and rebounded ~17%. yesterday was the biggest single day recovery since the 1930s. the stock market could very well be on its way to recovering half of what was lost.

bitcoin fell over 60% before rebounding ~80%. sure it bounced really hard, but the initial crash was much, much bloodier than stocks. bitcoin clearly has a much less liquid market. it gets pumped and dumped easily.

gantez

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Quote from: fabiorem on March 25, 2020, 08:58:54 AM

I see a pyramid pattern. It rises to the top, and now it falls to the bottom. This is science. We need to trust science.

More like science law of gravity but somehow you can't tell where a factor will wake up from and hit the pyramid to obey such law. We have seen that this time was corona virus.
I hope halving help takes us back to the top again Grin

JimboToronto

legendary

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You're never too old to think young.

I don't think the drop was caused by covid-19 per se.

I think it was mostly a result of the crash of the stock markets worldwide. As stock markets fell many sold off other assets, especially by those with margins who were in danger of being called.

The rest was mostly panic at Bitcoin's price drop itself. Gamblers/traders sold while long-term investors held firm.

Sure enough, while the stock markets have made only modest recovery, Bitcoin has recovered more than half of what it lost in the panic.

fabiorem

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I see a pyramid pattern. It rises to the top, and now it falls to the bottom. This is science. We need to trust science.

Topic: What do you think? - page 2. (Read 624 times)