What will be the next movement in the market - page 8.

Oasisman

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

No direct correlation between the pandemic and the price movements in crypto market. In fact, the people in crypto space has already gotten over the panic selling of essential stuff including few crypto assets as we all prefer to have cash in our hands in this dire situation. The market is slowly recovering now, maybe because of the halving that turns optimistic people to buy again at the lowest possible figure.
As the number of infected people grow, I didn't notice any relevant movements of the price over the last few days.

Tipstar

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Coronavirus won't have large effect on prices of crypto and as the pandemic eases, people would have much more interest towards crypto. The current situation won't remain longer and things would be normal within next 3 months. With bitcoin and it's fork halving this year, we could expect an overall upward trend in crypto prices.

hd49728

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

The pandemic has its effects on the crypto market but the market has recovered better than stocks, gold, etc. That is the story in March but in April we have seen many nations around the world began to contain the virus so well. The most seriously affected nations have reached peaks or recovered, China, Italy, Spain. Some other big nations have seen some early good signals of near peaks.

From now on till the end of the second quarter, we will see some good changes of the pandemic, especially in big nations. It will bring more optimistic to the world, but in terms of economy, the effects will last longer and need more months to fully reveal.

I think the crypto market will move up because of these reasons and the coming halving of bitcoin.

If you need reasons for market dumps or pumps, there are reasons will be released through news at the right time.

Market dumps: Reasons: pandemic, unemployments.
Market pumps: Reasons: pandemic, unemployments.

inanilujimi

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Did you not pay attention to the market a month or two ago.
at this time in my opinion the crypto market is better than the stock market and others, who continue to strive to emerge from the pandemic that has plagued almost the entire world to be the right solution from the enactment of government regulations to stay at home.

memed97

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

That was a long time ago when coronavirus began to spread in several other countries besides China, and you seemed to be a little late in asking about this, but it didn't matter, because everyone here would want to share their opinions.

Ken_terrance

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Human race are the strongest, many are not ready to sell their tokens just because it looks like it's the end of the world, and it looks like this pandemic will only favour crypto in the end, let's be strong, there is always light in the darkest tunnel, this pandemic is will over sooner or later

Zeke_23

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

At first, maybe that is how we see the flow of the price of the market due to panic and their need for money. However, we can see that even after facing this pandemic, we have seen the improvement of the price of every crypto in the market. I don't think that it will decrease more since its way is going up.

ansarose1

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Definitely this pandemic covid19 crash the economy of several country and that's a factor that affects the situation of crypto market. Maybe after this pandemic the crypto market would be stable again and back into a good situation, hoping for the recovery of the crypto market.

passwordnow

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Quote from: AD Node on April 18, 2020, 03:20:46 AM

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

Fall? the opposite is happening. I think we have already the fall when bitcoin fell to $4900 and was likely to continue but the reversal was quick and we are now on $7000. I'm not expecting further falling although there will be some minor ups and downs because that's the usual behavior of the crypto market. Others have no choice but to sell their holdings for the provisions but they can get back on it again at any price so if the price that they are about to buy is lower, they are lucky.

AD Node

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Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

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