Bitcoin Forum

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 for me, at this moment is better to keep our money in Gold or digital gold called bitcoin my friend
regards

If you are not affraid to lose then do it. Make sure you will never need to use your money incase of emergency so you will not sell it wrong time.

As long there are virus every market even stock will continue to decline even amazon, facebook and other popular stocks is also affected in this situation so always be prepared and check all your portfolio.

For me this the time to convert it all to fiat if things getting worste your money is secured in your hand.

The market is all RED. with major investors pulling out of the market and everyone holding back his cash not knowing what the fate of the global market holds. it has never been heard that a single virus as deadly as this affected the world in a very short time frame and the world is seriously bowing to this.  I earnestly wish the vaccine is produced to help stop this viral spread else it will threaten the human existence.

The global market is responding to the effect of coronavirus this will keep getting worst until there's at least a vaccine which is not available yet and as a result of this, the market will get worst as time goes on. The advice is to pull any fund one can get and stay in fiat no one knows when this will end or how far bad it can get.

I completely agree that the corona virus very much now completely affects everything and now because of the corona virus the cryptocurrency market only falls and when the situation will change it is not known at all and therefore many investors will not invest in cryptocurrency until the corona virus recedes.

corona viruses will create many people be jobless, their companies got direct impact from corona virus. product sold will decrease alot , since many countries strict import from another countries. in this condition , salary or income will not enough to fill their need,moreover for investment. if this condition continue , finance market will crashing again and market in the worst condition ever.

Bitcoin is not so good as the gold if you are talking about the volatility and it's better to keep more into the gold and put the rest to the bitcoin. Bitcoin can even get a huge decrease like this time and it's about 10% just in a few hours. Im still keeping a lot of my money into the gold and try to avoid the volatility and just take some percents put into the bitcoin to anticipate the recovery.

I find it completely stupid (even crazy) that most people here believe crypto is somehow safe from the ills oldschool economies face. It is not. In fact, around 10% of total crypto capitalization was wiped out yesterday, that's close to 25 Billion. Let it sink in.

There are investments going into Gold as well, but we can't overly emphasize that corona virus will cause immense dip in price.

Few tokens are doing well for now amidst the crisis.
It's just best to get your profit and be safe in your investment

With strict isolation in China, China seems to be fighting the flu well. While rest of the world are going through tougher times.
China are also expert in rebuilding quick, so the current market situation would set back the economy of US and Europe while Asian players would come stronger along the less affected economies.

There could be a larger reasons behind the crazy downfall of every asset, stock and even cryptocurrency. I dont find it convincing that the major reaeson is that epidemic virus. Yes it might have an effect but I am sure that this is more than just that.


This is gonma be a tough call, as you can see a major loss isnt easy to spare from what is happening now. What if you bought your bitcoin at price like 9k to 10k, now we are down by huge would you sacrifice the loss? I think panic selling wouldnt help any market solve this crash.

Yes, but this week I read two local articles that said that because the corona virus could make the crypto currency increase, because in that article it was said that fiat money could easily carry the corona virus transmission from one hand to the other. , but to this day I see no signs of an increase in the crypto currency, in fact it tends to decrease rather than go up.

The continuous increase of infected individual because of this killer virus it totally gives a negative impact on the global market condition. The declining scenario will certainly extend until this problem resolved. And it was afraid that it takes so long before it has gone forever...
Everything is went down and all business transactions are affected. Though a lot of people never say need to be worried but can't deny how it affects our mindset.

If anyone needs their money for only use I advice they should convert to stable coin or USD because this might be the beginning of a long recession period, I'm well prepared because I don't need money any time soon

This is not because of the corona virus, but the price reduction occurred because of a scam project. So the corona virus is not the cause of falling prices for Bitcoin and most of Altcoin.

Coronavirus is not responsible for the loss in price of Bitcoin presently, a scam token dumped huge numbers of Bitcoin that's what dragged Bitcoin price down, it will take days for recovery to start taking place

I guess this is speculation of the economists before about the global recession and it's about to happen. We know if oil is the one that's being affected, most of the transportation that we're using is using oil.
Production of energy surely will be affected and all the industries will be affected because they're all using energy. Why should I hold my cash? it should be put somewhere that it can be safer and retain its value.

If this dump has any connection with corona virus then I will tell social media is responsible for this. Previously there are some situation  came like as search virus, ebola, etc and death percentage was more than corona. But the world economy did not face any problem like during corona virus. Because that time media was not familiar.
But now a days maximum people of the world are using social media. And all news are spreading in the world in a second. And we are facing some problem among advantage of social media.

 
Which project? Any source please? I did not heard/see any news like that. Thank you.

well This will be remembered as Black Monday ..panic selling is happening world wide all markets are red.  I think the situation will settle down once we have more clarity about the future course of the corona virus Until then we face serious downside risks.

i think he is referring to this : https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff (https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff)

The effect of this virus also inhibits some other world activities, this is a consideration for making an investment. Because that has happened in a large country, this is important to consider because it has an impact on what you are doing now and going forward. But some cases of this virus have subsided in several countries, I hope the market will stabilize and recover. Always think positive

I don't think people will not invest, they'll realize they need to protect their money by investing it in crypto.
If they keep their money into fiat, it will also be affected by the inflation once this global economic crisis will continue.

A real investor does not just keep his money, he will find an investing opportunity to ensure his money will grow and I think crypto is a safe haven.

I am so sick and tired of people who are finding some sort of connection between corona and EVERYTHING. First it was the stock markets, then it was the crypto market, now the crude oil market. Please tell me what could ever be the possibility that crude oil prices went down due to corona virus. We are talking about crude oil, which is not the thing you use for your cars, that is called gas for example (wrongfully but alright) and a virus that kills maybe %2 of all people that gets infected and already has some sort of breathing problems like old age or asthma.

So, let's find ANY connection between how two totally unrelated things could ever find any connection, could they? If anyone gives me one logical reason for them to have any sort of connection, I will wear mask until there is no more infected all around the world.

yes of course the effect on the economy because industry in some countries will be hampered because of the impact of this virus.
some people also mention that this virus is intended to weaken the economies of some countries rather than as a deadly virus.

The virus is not helping matters at all, it keeps spreading fast and with no cure in view and I pray a cure comes out sooner than later as it is the only powerful news which will turn many things around for good. Currently, all sectors or markets are feeling the impact, stocks are dropping and the crypto market isn't left out. In my own opinion, I think holding both in fiat and crypto is the best option. For crypto maybe bitcoin or stablecoin so as to be on the safer side.

I think it's just a temporary effect just because the world was in a state of panicked due to the covid-19 epidemic, I believe that the vaccine will be out soon and those affected will be treated accordingly the human race will survive it again, just don't lose hope, maybe the economy will crash for the meantime but eventually, it will recover again.

Yes, these are all really making me saddening. Only when everything is going on smooth and as per expected, we could live a normal life. Until there will be a compete cure for corona virus, I am afraid trend of markets may persist like this only. Not sure when we are going to see everything will be getting restored. I do believe crypto markets will be an exception all the times but now it reacted to stocks and commodity markets but in recovery crypto market will show its own power.

We are going to see quick recovery of bitcoin markets which will be the enough trigger for making altcoin markets to be bouncing back as early as possible. After all, we must need some concrete solution for the panic of corona virus. Yes, a real curing vaccine will simply boost all the markets.

According to the update of many vaccine research areas, we need to wait at least 1 year to find out how to overcome this dangerous virus. It's been a long time and it's sure the economic situation will continue to get worse in the future, it seems that this year we can't see this market grow again.

We have had survived so many viruses that hit mankind - SARS, MERS, Ebola and many others and yet, we are still here fighting and finding the cure for yet another one, which is COVID.

https://www.livescience.com/56598-deadliest-viruses-on-earth.html

It is a matter of time to release the cure for this virus and scientists will come up with the vaccine faster. Because the technology we have now are more sophisticated 10 years ago. So I am very positive that we will fight this yet another battle that is threatening humanity.

Panic. That was really needed for a big market correction, now it is the time for the trend reversal. Look stock market is growing since 2008, almost 12 years without a correction, now be prepared for a massive dump and crypto unfortunately will be affected too.  :'(

I understand that this month is not going well for cryptocurrency market but this is not the first time we all have seen this kind of situation in past many times the cryptocurrency market was crashed but recovered slowly hopefully the conditions will be in control very soon we just have to be patience and wait for a right moment.

Yes, in the past it also happened like the situation at the moment, even if we compare it to the past, it is still better at the moment, because in the past the cryptocurrency market dropped very large, so the market situation was very difficult to control at that time.

coronavirus is not the reason. it has nothing to do with what is happening with the global economy. I always thought that coronavirus is an artificially invented epidemic that was created so that people begin to think that it is the reason of the crisis

Coronavirus is quite a big influence on the deterioration of the global economy , just look at some countries whose economic turnaround is totally paralyzed because of coronavirus . I also agree with your opinion that coronavirus has nothing to do with cryptocurrency but coronavirus effects also negatively affect the anxiety of crypto investors and even the price of BTC this week dropped by 10%.

The question is, would that really because of the corona virus possible economic effect?
Some articles attributed the dump to the news below :

https://beincrypto.com/plus-token-scam-dumps-another-13000-btc-118m-may-be-responsible-for-bitcoin-drop/


And its' quite timely to effect the price, so I think Corona virus is not the main reason here, if the price will recover while Corona virus threat is still their, we can prove its not the corona virus is the cause of the dump.

That's right, the corona virus makes all activity totally paralyzed. This is because the corona virus can spread so quickly, so there was a lot of activities that were stopped suddenly, and as a result the economy began to be paralyzed. For the time being, investors will stop their investment and prefer to save their fiat money because they do not want to take the risk caused by the corona virus. Hopefully there is a vaccine that can stop the spread of the coronavirus so that the market returns to normal.

With Corona spreading in Europe and US, we would be seeing more businesses closing and many cities under lock-down. Which would certainly hit the economy around the world.
The stocks are crashing around the world and it would be unrealistic to expect the economy would go back to normal soon as we still has much to fight this virus.

the effects of the coronavirus are really bad for the economic world, but when the vaccine and the drug have been discovered, I think the economic price will recover. However, now all investment is reduced because there is no supply, but if everything has returned, I think the price will increase high.
for now, I strongly agree to hold the cash we have, but if there is an opportunity, then use it wisely for future investments.

The effect of the Coronavirus is really alarming not just for the sake of the health status of the world but also for economic status due to recent bans being held by the government to prevent the spread of the virus in which exportation through land and water as well through air is postponed due to the restrictions being proclaimed by the government of different countries because of the rising cases of Coronavirus that affects many people. It is not surprising how this scenario affects both real estate and even virtual because real people are still behind those and the effect of the virus is a real threat for humans. It is indeed that long term investment are not good as of this moment so better keep tight on holding your assets to be able to secure it until such time that the economy have recovered and once the case of Coronavirus have been lessen in which a cure for it has already been released. As of the moment better keep yourself safe to avoid being infected with the virus.

You’re right everyone is being very careful right now and they don’t want to jump straight into any investment these days so they don’t lose their money. A lot of stocks and assets, and others were all affected by the current situation.

Bitcoin has managed to jump back to a higher price of $8000 and I’m looking forward to the bulls aggressively pushing the price up to another high price. Some people seem to have given up hope and I have started seeing the same thing that happened in 2017 repeating itself, a lot of people are now calling Bitcoin trash because of this drawback, and they all forgot that Bitcoin is not the only asset that decreased since this Corona outbreak. And compared to other stocks and assets, I would say it’s still a better choice.

Price of crude oil decreased due to less demand along with clash between Russia and UAE so this isn't any related to crypto price fall IMHO.But definitely the world market is getting affected due to corona out break,stock market across the globe is crashing and reach new high records in crash.

Although there is a lot of panic selling in the market and price dumping across all markets but do remember that there is always a great buying opportunity in such situations and the investors who take these opportunities make the most profit. So lets be positive and hope for the best even if you do not like to take risk then wait for reversal confirmation before entring again.

Before coronaviruses emerge, of course, every investor is always careful before investing their money in them, including investing in cryptoqurrency or other things. but in this regard it is true that the emergence of coronavirus can be said to kill all activities around the world be it investment stocks, crypto markets, and others. this is what is happening.

It is getting out of hand for the global market and extreme carefulness is needed in whichever market one tends to enter be it crypto or stock. At this moment in time, holding some potential coins starting with Bitcoin will be worth it for long term benefits, even if it is only Bitcoin its still good. Secondly, holding fiat is also important as most businesses or platforms are yet to start accepting crypto for payment of goods and services hence the reason fiat is important. In all, let's always study whichever trade or investment we wish to get involved with and mostly going with what we can afford while hoping for a possible cure for this virus sooner than later.

Generally market is down and also striving to bounce back. We have faced lots of challenges in the market and seriously it came sudden to many of us. Market is really at its down and should pick up back soon all resulted because of coronal virus issue and we have to wait till it subsides. I hope we go up back and recover the losses as many of us are already in.

Coronal virus really damaged lots of this both stock market and online market. It actually affect Cryptocurrency badly. Fact is, market is still down as governments are putting tooth and nail to ensure there's remedy to Coronal virus and the expenses is really high. Some companies have been closed till things gets better. Even some shops and schools. People are panicking and things isn't as before but let's hope things gets better soon. But despite all odds, Cryptocurrency is trying it's possible best to pull through.

In times of COVID Digital money is the perfect solution - no touching, no transmission.
Digital currencies such as Tem which are actively in talks with governments to provide them with a national digital currency are going to come out of this stronger than ever.

Trade requires time and effort. Charts and price analysis and how you determine the best time to buy and sell are important things to do. Try to spend a little time studying support and resistance in trading, because these two things are very useful for increasing the traders portfolio. I am sure if you master these two things then you will be able to determine when the right time is to buy crypto assets and sell them at the right time too.

There is nothing wrong if we hope that prices can recover some time after the dump, but if we dont want to try doing the analysis then I think someone will get a bigger loss. Dont panic when prices change sharply, think of something like adding more capital if a dump occurs and I am sure you will benefit from it.

Covid-19 has really caused the world economy and I hope the pandemic would end pretty soon so we can go back to  normal times again. In the last 24 hrs, there seem to be   some good news on the crypto market as bitcoin and ethereum are fairly rising again.

This is what is often overlooked. Only rely on luck and feelings or beliefs that prices will rise, FOMO, without being based on analysis, that makes the risk even greater when they don't know what the right strategy is in dealing with unexpected situations.

I not sure about anything but covid-19 is becoming more and more widespread and causing the whole economy of the world to be delayed and you will definitely face a lot of risks when choosing to invest in financial markets. Most large businesses suffer heavily from this disease and are likely at risk of bankruptcy if this lasts long. Personally, I will keep my money and limit the investment until things return to normal.

true, for now the economy is in turmoil in all countries because of illness, we have to wait until everything returns to normal, I myself still hold on to cryto investment, while investing in stocks and others I still consider it carefully because of the current conditions this

Your prediction is going right mate, at that time when create this thread cryptocurrencies were in the bull run market. We had known bitcoin price is trying to reach $10.000 and ETH was trying to reach $400 but the crash came and make falling apart. Bitcoin price was touching $3900 and even there was many speculation that bitcoin will touch $3000 and below.

But that was too much because in fact bitcoin price is trying to recover again even when the price touch $3900 in one day bitcoin was able to increase more then 24%. This is about how you know bitcoin and cryptocurrency as a whole, maybe if I save my fund in my money then I will lose too because at this time my money fiat is decreasing. Greatfully I store them in bitcoin and Ripple so as I did not lose too much comparing I store my fund in money fiat/cash.

As bitcoin dropped to its current price now, this it the impact so far and that is a big impact for me.
We need to see bitcoin to recover reaching a good price so we can prove that it was not correlated with stocks and to the economic struggle.

As you can see so far it cannot be said that the condition of the crypto market is sick, as the outbreak of the effects of the Covid 19 virus has so far been out of control.

But you have to believe that this outbreak can end and have a good solution, investment is a positive thing when viewed from the positive side, rather than we have to hold fiat money, because fiat money also has the risk of being infectedvirusCovid 19 as discussed in the media.

If examined more in investment crypto also has a good chance for the short term of crypto mobilization is always there even if only a littl.

Cryptocurrency is not affected corona virus(COVID-19). People's spreading panic, so you can not excuse by corona virus. If you can asking public responsibility and blame them i think it’s fair. Word wide economy is big affected, all of exports and imports between almost entire countries are close down. Altcoins market situation still very good from others many commercial platform.                     

I don't know if this is the effect of coronavirus but the world market is down right now. almost all market sectors are experiencing a downtrend (especially the energy sector has the biggest dip) according to businessinsider.com. As the treat of COVID 19 becomes more widespread, expect the situation to go down further.

but the development of altcoin is having an impact too. when many people panic of course saving themselves is the main, especially in some areas carried out lockdown, so many people need lots of cash to be able to survive because there are no productive activities

This is certainly the effect, but since crypto market is not fully correlated with stocks, we are seeing some light now that bitcoin might be bullish, but I am not so confident with it, people now might discover about crypto and that is a good thing, but the biggest threat is the collapse of global economy, crypto might still get affected in the long run, so vaccine should be found as soon as possible.

Honestly crypto market is not reliable at all. If someone is not a smart investor, it can give someone a high BP.  I have invested a little in cryptos, just exactly the time when I need returns from my investment, the market would be red.  For someone like me who is not a smart investor, in time lime this when global economy is facing chaos I prefer putting 80% of my assets into landed properties.

When so many people are feeling panic and they will not care about the price. I personally ever faced the panic feel and i don't even care about what price to dump my coins to the market.
This time is a very difficult time and i m still doing quarantine for my self and what i can do right now is only to survive and i think another people have the same thought with me to survive from this pandemic that gives a lot of uncertainties.

I think the biggest effect that everyone (atleast 80%) are experiencing right now is fear.
Fear of the unknown has caused people to sell off their stocks, their gold, their assets and rendered all markets clueless and dumped.

And in times as this, it is better to be safe than sorry.
But still, its a time to be careful what and how we sell, because there are scammers looking for who to prey upon..

Stay calm, ease your fears. We will overcome.

maybe it is true they are withdrawing funds to avoid even worse crashes.
and also people who are accustomed to facing this kind of situation would have prepared, I mean when the economy is weakening because of something they have prepared a lot of money to buy from low, after the outbreak is gone the economy will definitely be stable or increase.
and also we don't know whether this outbreak was made or purely due to nature.

An outbreak of coronavirus was caused due to the use of pangolins, from which the virus was transmitted to humans, and what next you know. To believe in various conspiracy theories that the military from the USA did this, given that the greatest blow to the elderly from the coronavirus, and most of them in Europe and North America is very stupid.

Indeed the effect of the Corona virus on the global market has been very bad, almost all financial institutions have gone red,the oil sector,stocks even our own cryptocurrency,this is as a result of investors withdrawing their money and keeping it in their local currency,to prepare ahead of days.

I agree that the situation is very bad and the market has crashed real bad but I wonder why people are in a state of such a panic.
Don't you guys think that once the Corona thing ends, the market will recover soon.
So as long as the stocks and crypto is down we must keep buying the lows.
You never know when you miss the all time low and never get the opportunity back and later regret of missing the opportunity to buy.

It is of no doubt that the current pandemic disease outbreak is greatly affecting the economic growth of the crypto market. So many things have been put on hold because of this societal challenge. However, we need to be encouraged to furge ahead in our crypto investment. A lot of things that seem to be imbalance now in the market will soon be balanced if only we can persist and not give up.Although, there seems to be no tangible profit and encouragement from most of the crypto campaigns rolling out currently, but we can encourage ourselves to persist and not give up.The current global market situation should not cause us to be weighed down as such is bound to happen sometimes. Let us remain focused and optimistic for better days to come.

they panic because this covid thing is really scary that it now leads to pandemic and the death tolls are now too much but nostly elder people are the ones that are affected the most   . still we must not be confident if we are young because our immune system can get low too sometimes and you wont know if you are expose to virus  . panicking on the crypto market is normal and happens all the time    . people talk about the time when coins are low and here it is now , the time has back and we dont know if how long it will last or it will happen again soon  .  if they still dont grab this oppurtinity then make sure that they dont complain next time  .

if you draw conclusions about what is happening in this world, the answer is Corona Virus. many people think that the emergence of this virus has disturbed and affected the value of any stock or industry in the country or abroad. we can see that the presence of this virus has also affected the value of the shares of the cryptoqurrency industry.

The corona outbreak crippled the business industry in the stock trading or cryptocurrency sector. You can see that some shares traded down badly enough to cause investors to lose billions of dollars. The crypto market situation that I monitored is starting to improve because the price of BTC has started to rise again.

This ought to be the very moment that will define bitcoin and cause a great wave in the market which will make people rethink investing in bitcoin market. I am sure the price of bitcoin will shoot further up than we are currently experiencing.

In this crisis, we must prioritize health over investment. By holding fresh money, makes it easy for us to meet the needs of life in the midst of a pandemic. The decline in most investment products is normal, which means we are still human. As for the crypto market, it has also been affected by the weakening of the global economy, not directly affected by Corona, I think, because in recent days we can see that the crypto market is quite green.

What the entire world market has turned into isn't appealing to traders eyes because of the deepened crash that occurred during the covid-19. This pandemic has been the reasons why most of the  crashes happened. Although, the efforts from the world government to revive the world economy is yielding positive and will likely fix many of these happenings around the financial world. Hope to see the very positive reactions from the entire market.

Current world market is totally in a mess, nothing is absolutely moving, we are living by grace but not withstanding the gravity of it crypto market is trying it's best to get fit and I do hope we would see more moons and thanks to everyone that trusts blockchain and ensuring it doesn't go beyond what was expected. We are grateful.

well we have screen recovery in the market stocks , gold and crypto are in green at the moment but uncertainty isn't over in fact no.of confirmed case of covid-19 are above 52K (https://www.worldometers.info/coronavirus//country/us/) in USA so challenging times ahead.

You are right for now. I prefer to hold fiat money and invest some in gold and land. because now I prefer investing in something real, not in crypto where the situation is unpredictable

There is a limit what we can call "affecting bitcoin". Does it affecting bitcoin directly and the blockchain?
No, it is not doing that at all, however if we look at the price we can see that it is affected somehow. How do we decide that has an impact or not?

Well, when we look at the price we know there is a impact of coronavirus on bitcoin, maybe not the way we are used to but it does have an impact.

Maybe it is not affecting blockchain, maybe it is not changing anything on the core of it, but that is just one part of bitcoin. When you say that the price is affected because of the panic, that "panic" is what the corona is bringing to other stuff as well, sure the companies are affected more but there could be different levels of impact as well so we can't say there is only one way to impact it.

Crude oil is way way down, it is almost at the two decade lows now as price dumps to around $20 and with corona panic in US and EU where corona cases are still rising and Saudi Arabia increasing oil supplies we may see $10 crude oil soon.
Regarding other markets including crypto i think it will take some time to recover as it is through hardest times of the century but i am quite sure as soon as we see control of this epidemic crypto market will be the first to boom.

The world is having a financial crisis worldwide so all we have to do is to save first our fiat and use it only once emergency cases arise. Investors should be very careful in those investments they want to enter particularly in crypto since this is very volatile and has always chances that crypto coins will lower its value while we are still facing  this pandemic disease.

The oil boom era is far away from the point world stands now, the new economic conditions are on the corner and wait for the right time. Maybe the Covid19 pandemic will be able to change the people's collective habit and this will be an opportunity for crypto projects to shine.

The current market does not encourage people to invest and it is likely that the risk will be much higher than normal so think carefully before making a decision. Covid-19 has been continuously increasing recently and there has been no sign of reduction, so this situation will certainly last for some time longer. I am sure the economy will also be greatly affected and the crypto market will be a very risky place if you choose to invest

they prefer to hold their money than use it to buy cryptocurrency or other portofolio which is in uncertain condition now. many human and economic activity now lockdown in many countries and ofcourse it will influenced to their earning. only rich man or people that have much saving in their bank account courage to take this opportunity.

especially with the current lockdown, of course they are preparing fiat money to meet their needs every day during lockdown. Moreover, we know that in some countries the lockdown is extended, certainly making the economy more difficult. therefore hopefully this outbreak will pass soon, and the market will return to normal

Fiat money is necessary especially the enemy is a virus that can sky walk airborne. You dont want to get out of the  house where you can be contact with the people who have it. Having covid will makes you so worried. Not only by your health but the situation around you, imagine you become a positive confirm, not just money you will lose but also if your life if you cant survive the virus. See the streets, many business has gone down, crypto becomes a tune for beginners as this works as cashless and instant. Adoption could really somehow change its reputation in a time where everything is restricted.

Coronavirus has a pretty heavy impact on the world economy because it disrupts world trade and also the production of goods and services. Some economists also predict a decline in growth and a decline in economic activity there will be an increase in the number of unemployed and this will certainly burden many people

yes, of course the corona virus has caused losses to many parties both internal and external companies. the world is being haunted by the corona virus but if this virus can be resolved the possibility of stock markets and activities around the world will also return to normal again.

It took some time for the economy to recover as normal because world trade has fallen sharply at the moment because many countries are locking down. Manufacture needs time to produce goods and services, people need time to work as before, and I'm still optimistic that this outbreak coronavirus will quickly pass

   Lexurdania we all hope that coronavirus will pass quickly. I am also optimistic, this chaos will pass and situation will go back to normal. That will
not happen right after, we have to be patient and now is the time when we need to be united more then we ever was before. People around should
forget about all disputes and start working together. Like that we will defeat coronavirus faster, and recovery will be faster.

This COVID-19 is still spreading around the world to the point that it affects so much our real life system, there are so many lives that are being affected by the virus, even the cryptocurrency market is included to those affected by the virus, many investors pull out their money in some online investments, that is one of the factor that lower the market situation. They convert it into fiat currency to have money to sustain to their need while crisis happens.

For me, it is better to abuse the market situation as of now. Better try to grab this opportunity for you to be able to invest into a coin cheaper than its usual price. Hold it until the market price goes back and that will be an easy profit to you. Do not be afraid on investing in crypto when the price of every coin is on red state since that is a good opportunity to avail coin cheaper.

Most of the investors maybe are doing that, reason why the market dump because they panic, but investors who have good strategy would never convert his investment because they know if they panic, they will lose in this game.

Investors should not consider putting their money for their needs into investment, we have to allocate funds for investment and separate funds as our savings in times like this, that way, it would not affect our investment.

The current market conditions are in a very rapid collapse period due to the corona virus, and these drop fluctuations will continue unless the virus has a cure. Although there was already anticipation of a financial crisis before the virus, this crisis expected with this virus occurred earlier. This crisis process is said to be a more serious crisis than the 2008 crisis and the recovery of the markets seems to take a long time. On the other hand, the central banks of many countries continue to print money so that markets can recover and escape the bankruptcy of large companies. In my personal opinion, the virus will lose its strength and impact on the world next month, and as a result, some relief will be seen in the markets, but it is important to remember that in one month period, the markets will have a serious negative wave and many large funds will lose a lot of money. Also, to comment on the crypto money markets, I think that there will be another sharp wave of decline in this one-month period and that these decreases will be reflected to the markets again during the half-time period. I hope I am wrong in my thoughts, which are a bad scenario, and many investors do not suffer a serious loss from their capital.

Such a decision is not wrong, but it causes a lot of losses due to the transaction costs of withdrawal on the exchange when this outbreak is over they will make a deposit and buy the coins they want to cut their money.

The current situation is comeplitly terrible. And it can be even worse

But someone needs to be careful which coin he will invest on. Should be those at least in the top 20 in the market so even after the crisis, it will still be trading in the market. Many new coins are at high risk that they will be gone soon and will have a short lifespan.

It could be worse if the virus is still unchecked. Every day I see tens of thousands of people around the world infected and it is truly horrible. If the virus is not controlled in April then I believe we will face the global economic crisis

Current situation is changing every day. And it going to be worse and worse

It's changing but it's the price volatility, and we are not going into one direction only, in fact bitcoin hold at $6000 so it's not gonna be worse.
Remember that bitcoin dropped $4000 and it climbed to $6000, that's a major improvement already and we are seeing how bitcoin is holding strong despite some try to shake the market, it's still here the support is strong.

The corona virus is a disaster to planet Earth as it have causes a global crisis that has putten an end to global activities and commerce across many nations. Most countries are on lockdown, no trades are happening, no work as they've shut every workplace. Even investments options are not left out as even stock market, gold and cryptocurrency market are having their fair share of the effect of the coronavirus pandemic.... I just hope it will end sooner so that the world can flourish again

Yes as the OP has pointed out the world economy and the markets along with it (including the crypto markets) have gone for a toss . I feel that this is just a catalyst for a recession which was long waiting to happen. The market had increased by such a large number this past decade that a recession was always going to come .

Nice point there, buddy. We ain't going in a single direction though, don't be fool by such fear mate. Although the situation out there is pretty bad that doesn't mean that the market would always be in such phase. Market is highly flexible, and what was said by the man above, market gone quite higher by now it is because in a ideology of putting some stock, buying some crypto while price still low (definitely it was cause by people who sees crypto as a good investment no matter what the situation are), because of it market got hooked up even a little and it is far better now than $4k. Maybe, by now people still in doubt whether to investment or not since it is quite late to invest now that the market gone higher a little.

but not for a very long time. see that the decline has occurred since 2018 and until now we have only seen the market begin to move to improve. unfortunately, some factors are changing the crypto market for the worse. although not so bad but the current market situation is very easy to fall.

If you consider the current situation to continue to be bad, then you should get enough rest, and take a deep breath, because smart people will always look for ways and opportunities to benefit, I suggest never complaining because of the situation.

Things are going to change soon. One thing I love about Bitcoin is that after all these things are over the coin will still increase in price.

I was really hoping for some good increase this year because of the halving that was going to take place in May of this 2020 and this pandemic has affected everything and caused markets to experience some heavy falls. But what I know for sure is that after all these things are over, Bitcoin is going to be going on a bull run for sure and the increase will likely be a huge one.

Market is generally down and it has brought huge panic, many countries are locked down without food being given by the government, people suffer but only viris panic but hunger panic because the pandemic started from some countries and came so unaware in some countries. Imagine those that relied on market selling bring chased out not to sell again. But glad for crypto as it has been a bed we have all shouldered on . And it's helping us see daily bread.

You have also decided well to be honest, because investment in gold and land at times like this is a sure bet.
But for Gold, it is still stable in price and your profits might not be much but in land investment; its a very rewarding invesyment.

I would also advice you not to give up on crypto currency just yet because this is just the beginning of crypto currency dominance.

Everyone converted as much money as they could get to buy basic house facilities for their isolation days. The effect of the virus is massive not only on the economy, it has affected every other aspect of human lives. Money being pulled out in stock is either in fiat or was used to buy household goods.

Bitcoin nor Altcoins can't stand when every market and crisis continue.

That's what is happening but there are also some are looking into the future.  They look both ways and prepare themselves if things gets worse, they armed themselves already incase neighbors turn against neighbors and I thought it might also happen when hunger strikes. Lucky are the ones who can work online and earn for a living but for those who don't and find no employer, they'd turn into criminals just to put food on the table.

Moreover, it is crazy how many value each company is losing DAILY at the moment and I can't imagine how can we pull it off for a month or two.
I hope we'll see bright future where we still could afford ourselves care about cryptocurrencies again   :'(

Looking at it from this angle that the World Health Organization on March 11 officially recognized COVID-19 as a global pandemic has expunged any iota of doubt about the threat that the virus poses to every country globally. The virus has now been detected in over 155 national entities, with more than hundreds of thousands massively infected and more than 10,000 killed. Though Africa remains one of the regions with the fewest cases, the number of countries affected has increased over the past week. As of this writing, nearly 450 cases have been reported in 30 countries, concentrated in northern Africa and South Africa, with 10 deaths reported.

While the relatively low number of cases on the continent so far is good news, African policymakers should not be complacent. They should instead use this window of opportunity to take decisive steps to protect their citizens and economies from the deadliest pandemic ever known

Ten of thousands every day is too high and I think that is an exaggeration. If that is try, I think almost everyone in the world would have been infected within two to three months. Nonetheless, I believe very soon, there will be a solution and everything will come back to normal again. Despite all, cryptocurrency is still experiencing a good turn around. This shows that everyone is welcome to the crypto space at this time, without the fear of losing. Crypto is bound to survive, irrespective of crisis.

This is a sad one, initially crypto and world market was booking a bit good before coronal virus came  and shattered everything but my happiness has been, despite what has happened, crypto world is still bouncing back but by bit than world economy but I think once coronavirus issue fades everything should come back usual.

Nobody expected that this pandemic will happen to us, people aren't prepared for this that is why it shocks us and then turns into panic selling when the situation gets worse. Of course, this will have an end, we will surely surpass this crisis but we should have to be patient enough and still think about the positive.
The crypto market has in troubled in the past days as panic selling began but we are about to recover and the mindset of the people has changed. The pumps that we've seen today are giving us hope and it signifies that people are now holding rather than of selling. This could help for the fast recovery and relieve the stress to those who are started to think negatively.

The fact that its bouncing back, this tells us that we should be okay, don't panic and just wait til the right time will come.

We have a strong market, we did dump but we didn't collapse unlike our stock market, so this situation that we are facing now, prove to doubters that crypto is even a strong asset than the stocks people usually think as the strongest, and this situation also gives people a chance to know about crypto and maybe by now they already have started to invest.

personally the only lesser known altcoins who I think will make it through this pandemic, are the ones with bigger plans than just being on exchanges.
Like TEM for example, they have an LOI with Anguilla to provide them with a national digital currency and deals with more countries in the works.
This pandemic will cause most IEOs and ICOs to fail but TEM never did that, privately funded and eyes on the future.

This is the reason why we see very few bounty campaign now, and very few IEO and ICO investors are on leave now, and it's very courageous for developers to launch their project at this point of time but as an investors and promoters, we should check the market and new projects from time to time, we never know there's a project waiting to be discovered.

yes, for most crypto users will think optimistically that the market situation will not always be at the bottom line. Don't we know that falling crypto prices are common in this industry? it's important for anyone to be patient, find ways to get good profits by trading or becoming a project promoter. because I personally believe that the market will recover soon after the corona virus is resolved.

Amidst the quarantines going on around the world, big companies and businesses are under lock-down. This has halted production in many countries and has gone a long way to affect the global market and economic status. Until the entire world is free from COVID-19, the world's economy will continue to be affected in one way or another.

I agree with you, if only there are many platforms which accepts crypto then holding good ones won't be a problem, but there aren't which make people quick to sell to fiat, however at this moment in time holding coins like Bitcoin is a good idea. Nevertheless, currently there seems to a good and positive movement in the market which might show that people are taking a U-turn into investing in their desired cryptocurrencies. We sincerely hope this pandemic will be taken care of as fast as possible so that activities can return to the way it used to be.

But these risks may change and the logical sequence of events that the Chinese need to deal with is the coming crash. Do they bail out investors or do they take a risk and take the call? Do they buy "let's just let it fall" ? We already know that Japan is at risk for a big crash at some point due to its hard monetary policy.

Oil is actually one of those things that we will never have enough of and the price falling means absolutely nothing for the future. We are not suddenly moving away from oil and going to a more clean energy right away, of course that will eventually happen and that is why oil companies are paying politicians billions in total all around the world so that clean energy doesn't get picked up all that quickly.

Think about it, we will always have wind, we will always have sun, yet for some reason we are digging up oil that is finite amount for energy, as soon as world realizes that doesn't make sense and shift all the help and regulations and so forth to clean energy and just leave oil to die, the price will be even worse than this. This is only temporary due to corona, will pass soon.

Pandemic like this, there will be only a few who invest in IEO especially ICO is lacking in trust and therefore if we have recovered from the covid-19 pandemic then the possibility of crypto projects will increase again, I know this year there have been many projects that have sprung up but will they be successful in the future? therefore not necessarily so after we promote it from that I will choose the best in my view.

The current world market situation is very alarming.The virus has causes more damages worldwide affecting both humans lives and properties.World bussiness is at it's lowest,nobody wants to invest money due to the situation I think it is only after this pandemic that market will return to it's normal situation.

The coronavirus outbreak is causing a lot of economic disruption to finances across the country.
It’s also causing an enormous amount of casualties in Europe and the US. There are two different battles going on right now. A healthcare one and an economic one. At least holding TEM in my wallet will help me address the economic issue.
https://www.fool.com.au/2020/04/04/how-to-make-sure-your-finances-stay-strong-during-coronavirus/

Only those who aren't affected by the virus will have the got to invest in crypto, those who are affected will need money so why would they invest their money now? It's really not a good time

i think when the market is so down...that is not a bad idea to have some investement...yes i agree that it may go down much much more now but still when things get under control i am really sure it will get back to what it was in few months...so not a bad idea to invest some in coins or share market

If it's about cryptocurrency investment then I will say one of the good things is to buy in at a very good time such that if any massive dip happens , it won't affect you so much. Investors and traders won't stop taking risk. Even when people are fearful , you need to be a bit greedy.

This is what is alarming. What makes Bitcoin hold on and show good growth while all other markets are falling.
I don’t think that most quarantined people who lost access to work decided to invest in bitcoin in these difficult times.

I have different views after all, because of the crisis; I think people who lost their jobs are afraid to make investments because there is still panic in the market and of course they need a cash in order to survive so they do not have guts to make investment in bitcoin and in other assets like stocks, commodities and indices. The world economy is now at the global recession and there will be more crashes for sure.

The Global market is much affected by coronavirus,situation is most critical and going to worst condition, but despite this there is some hopes that medical science trying to invent vaccine to control it ,so for time being there is advice to trade safely and securely ,do not take risk which you can not afford to lose

World fiat markets are at a historically low level and investors are afraid of such bad situation due to Corona but I think this will never effect on the digital market as digital marketing has no interaction it is totally in a decentralized way and ha no human direct interaction.

I should have listened to your warning, if I did it would have fetched we over 0.6 BTC presently, I never thought that the virus will affect crypto, I buy back at 9k and since then I've been swimming in the pool of loss

Yes you're right about the dump of bitcoin plustoken has done in time past but that's really not the cause of bitcoin price fall. It happened in. A link of an eye, every financial institution was affected by the effect of coronavirus bitcoin was not left behind.

I do not know if everywhere in the world is going to worse. In the UK maybe and in Spain maybe as well as other countries but that is because they did not put things into lockdown immediately. But in China and Singapore for example, where they immediately did strict lockdown, things are already looking like they could improve later this year!

This time we are experiencing a crisis because of the pandemic that we have now due to covid 19 disease. With this the world market situation is subsiding. The econony of many countries are subsiding because of the said virus. With this people also experience lack of money and the stock market is also subsiding. In this kind of situation we must be very careful and we must seriously obey the rules and regulations that our government is imposing. Through following it we can lessen the contagion of the virus and eliminate the number of cases.

yes i am seeing it too. cash is the king today but i think this pandemic will shift the money off the wallstreet guys to cryptocurrencies because fiat can be a carrier of the virus we are facing now. i think there will be a huge shift on investment now but at the present time fiat is the victor

Don't quote so many statements, it's disgusting.

Fiat is still the choice of investors as a solution to the unstable economic situation, Bitcoin will not be the primary choice for the current crisis because the price is so volatile, we do not know the safe rate of bitcoin, and of course, investors also do not want to take that much risk to secure the money.

I want to believe we are all affected by this pandemic, and it will take only the brave and courageous to buy into this market .
I reiterate that every time is a good time to buy, as long as proper research and trading / investment techniques are followed.

Always do your own research, and do not panic,
Stay Safe.

yes I understand that, the effect of the corona virus is of course a bad impact for all industries in this world both global companies and private companies and even including the cryptoqurrency industry as well. and this is happening now that the world situation is being haunted by the corona virus.

It all depends upon how the virus can be contained and stop the spread, if not it will be a huge hurdle for everyone, some of the countries are lucky that the virus is not affecting that much especially highly populated countries in Asia compared to the amount of patients in America and Europe, another possibility is that they are not revealing the real data or their testing process is not that great. Singapore is a small country and they could contain the spread easily than the big countries.

Asian countries have very good control and this has greatly reduced the number of people infected in the past few months. Currently, Europe is the country with the highest number of infected people in the world and of course subjective psychology is the main reason why these countries are seriously affected by the disease. I don't know what the future will be like but I hope the epidemic will end soon and everyone's life will return to normal soon.

But the 3rd world countries in asian are having a hard time  to fight the virus. Like in my country where the hospitals and the health workers doesn't have enough equipment to heal and accommodate the patients that have the virus. It is really sad that not only the 3rd world  countries that are affected because even the 1st world countries like U.S. are having a hard time to overcome the global crisis.

For the record, Europe is not a country but a continent. But I would agree that Asia reacted differently as compare to US or Europe though. Asia immediately issued a lock down, one month and being extended. While US and Europe was late, that's why the numbers grow in terms of cases and deaths.

Every pandemic has it's end, you have to look at history, it will be just a matter of time because the health scientist discovered a vaccine to stop the virus. It might takes years though, as this is a very different strain of the corona virus.

When it was almost over, they started to prevent the disease and that is why Europe has been getting worse recently. I have some friends here and they say the situation is very unpredictable and the government doesn't have much power in stopping this disease. If there is an early strategy like Asia, things will be different and the number of infected people will be reduced even more.

The thing that concerns me the most is that the virus is still not in control in most of the bigger regions around the world, just look at European countries the daily deaths are still high, UK is worst hit as well and USA that took it casually in the beginning seems to top both in new daily cases and deaths, having said that even in countries where there are less cases or low number of deaths they are in lockdown as well which means no economic activity, no income and no investments, this is not a great scenario but then again the virus has to stop first before the world will try to pump back the economy, business and investments.

It is also happened in my country but I don't want to be confused about it. Just look at the current data of Covid-19 in your country. If the number of cases doesn't increase as fast as before and the recovery ratio is getting higher, it means the condition is better day after day. However, always satay safe + stay at home until the condition can be recovered 100%.  ;)

Hope the WHO will announce the vaccine for COVID19 and the world will pass the unhealthy days. The market situation goes worse day by day and everyone invests in the top altcoins, I don't invest in the top altcoins for the obvious reason. The low marketcap altcoins are my first preference.

We don't when market will recover same we don't know when Coronavirus will under control. Today all news is positive that this virus is getting control. I'm trying to that you never can't take right to invest, you have consider something. Check coinmarketcap altcoins price is almost flat, so any time can turn back.

COVID 19 vaccine will take long time to find and mass produced . we will pass this situation more than years, moreover almost all economic sector suffered and much worker be unemployment now. maybe we see in finance market some index or stock in green , but the reality it is not.  personally i dont what will happen to bitcoin or altcoin if this situation still continue. will crypto market could be the alternative while world economy in crisis ?

I believe people are started to become aware of crypto existence due to this lockdown, it is use as an alternative currency to send money for their loved ones especially now that we cant go outside. Here in our place I started to introduce crypto particularly bitcoin because they have plenty of time to learn about it as currency and investment. I think the increasing number of people who involve themselves in crypto during this lockdown is the reason why crypto market barely increase and didnt plunge further.

Everything's pretty much down, not just oil.
Stock market's down too so consider stabilizing at a certain floor right now especially that we are in a pandemic situation. There's nothing to panic though as long as we're all at home and doing our usual thing at home.
Expect people selling their crypto coins a lot, unless it can be used as a payment method to buy common commodities.

Gold seems to have become a destination for now, but today the situation of the cryptocurrency market continues to improve after experiencing a remarkable decline, especially in bitcoin. I think it's quite worth saving some in bitcoin.

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!

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.

The only due time is when we already have a proven vaccine, so far there are 21 countries racing to test new vaccines for Corona we are all racing for time every seconds count because the infected are increasing, I wonder what company would be the first to come out with a vaccine.

https://www.marketwatch.com/story/these-nine-companies-are-working-on-coronavirus-treatments-or-vaccines-heres-where-things-stand-2020-03-06

Vaccines for Corona right now are just a way for countries to encourage their people about to stay at home, lockdown or just put hope in them. You should check the long history of SARS 2003 and it didn't have vaccines. MERS also didn't have vaccines. We missed the golden time to effectively remove Corona at the early, unlike SARS and MERS and now the only hope left are vaccines.

The medical control of drugs also affect the fatality of the pandemic in some countries, the control is good but can be misused by the same authority. Unlike in some countries where anyone can get to the Pharmacy store to buy Hydrochloroquine, Azithromycin and Zinc (that is recommend by some USA doctors), administer and get well soon. This is told to reduce the fatality case in places like Nigeria and some other African countries.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.
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.

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.

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

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.

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.

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.

The American Government is trying to cusion the effects of the economic blow dealt by the Corona virus pandemic by gradually opening up the towns on lockdown but I wonder how feasible it will be after defunding WHO and zero evidence of cure or vaccine yet. Amidst all these comes the strengthening Chinese Economy too. I doubt if they will retain World power after this blow, after all, they are gradually flooding the components which makes them.the world .bigbrother

Corona virus really affect world's economy. Many people feel depressed because of the corona virus. Lockdown make the economy down. This pandemic make us must be careful in decision everything.Because the market situation will change unregularly right now.

The healthcare system like most systems around the world are built based on the average demand, as such even countries with some of the best healthcare systems around the world are not going to have enough resources to face this pandemic and we are seeing the same with the economy, neither countries, businesses or people were prepared for something like this happening and now everyone is struggling to find a solution to all of this, but the truth is that most likely we have several difficult years ahead of us because of this pandemic.

This is really a serious worldwide issue and no one can even know the end of it. Imagine crude oil falls and market including Crypto but we will surely survive the hit but market situation is really bad and we are hoping for a good turn around because if it continues this way many things will spoil. Things are difficult this moment.

I just feel that we have not really see the full effect of this Coronal Virus on the market, people need to be very careful because no market would be spared. Have a saving kept for the unexpected. Most of the countries that depend on Oil now, I do not understand how they plan to weather this period.

Globally, a huge impact on the economy is being experienced due to the COVID19 pandemic. The oil market is having too much supply and very low demands, while the stock market is showing volatility as traders panic-sold their assets. Even last month, the crypto market 'Black Thursday' hits hard as BTC had a price drop from almost $8k to low $4k. Following this, crypto exchanges continue to attract more traders and volume is still growing compared to traditional markets. At the moment, PLF (http://playfuel.io) shows an estimated overall ROI of 7,430.24% with a 1.96% gain within the last 24 hours.

And you are right, the full effects of this are not going to be evident until the end of the year, most countries that depend on oil for the majority of their income have some sort of insurance in place that will cover most of their losses for some time, also the price of oil should improve during the next months as the agreement of the OPEC to cut production by 10 million barrels per day will take affect at the start of May, however things are not going to go back to normal anytime soon and we must prepare for the possibility the economy begins to do even worse during the next months.

the virus really created a very strong effect on people. but if we are talking about the global economy, then I believe that it has been in a critical condition a long time ago and the virus has nothing to do with it.

The current market situation is not good at all due to the current pandemic going on.The market continues to fall everyday and situation becoming worse day by day.Even the stock market have suffered losses . Market will only return to normal when this is over and businesses are reopened.

I think it is more safer to convert our money to digital currency such as cryptocurrency.
If we want stable value, we should buying USDT or other stable coins. Investing on oil or other physical things may be not good today.

Corona virus is a pain in the neck for everyone of us now. The pandemic is having a negative effect on everything now which crypto is not exempted. This pandemic is bad for everything, we can only hope at this point in time.

It seems a lot like the 2007/08 period. Times will be tough for those who have real estate/stock investments but it'll recover eventually.

There is so much news and happenings in the blockchain world, even though there is a pandemic. BTC is still in bullish state, and many invest in crypto. You may research and find the best cryptocurrencies in Tokenncoin (http://tokenncoin.com/) website. They are always updated. You can follow also their social media accounts to get updated.

 8) 8) 8) 8)

It will recover, but the problem is how long it will take for all to recover like before. Until now the virus still exists and we still can't go out to work. What a horrible year

We should not feel frustrated on this, no one expect the pandemic to happen, it's just part of history because this will eventually end.
once we invest in crypto, we have to be fully prepared to hold longer because crypto is for long term in order to see its full potential and that's why we are investing now because we believe on that potential.


The year is not over, we are in the first half of the year and you already concluded that this year is a horrible year?

Agree, experienced investors will not easily panic and may take a favorable position in the midst of an economic crisis. Investors who panic easily when something happens in the market are investors who will only survive in the short term

if you want to restore the world economic conditions I think it is very difficult to happen because there are many people who have suffered losses and only the global elite can control the world economic conditions, this virus outbreak is only used as a scapegoat and used by those whales that affect economic conditions global.

it could be a virus outbreak lasts for 1 year, no one knows.

yes I am also pretty sure that not everyone will take steps to hold their money on more stable assets, there will always be people who make investments even at times like this and on the other hand there will be those who secure their funds to wait for the right moment, market circulation will continue to occur. we can see it in a market circulation that is still sustainable and this is really real

In a word here, it can be said that the current market situation is not good / bad at all. However, I would also like to point out that this is not the only time I can blame for today's bad situation. There are so many things involved that you don't have to read about one thing. Current situation is changing every day .You have to think far and wide.

The market, the world is on the path to recovery and its happening slowly.
Even though the world may never remain the same after the pandemic; the market will recover.

Bitcoin has led the way with positive growths; while others are coming up too.
Just do your own research and do the best as you ought to; invest right.

Every investment vehicle is falling down and wiping out the returns that they made in the last 2 to three years.  Although it seems that gradual the market is rising up in hope of medicine from US .

The cryptocurrency market is actually going through a lot of bad situations. As a result, it cannot be called forward. It may be called stagnation. If such a situation continues, the entire crypto market like the Corona virus will devour it in the near future. So the current situation is a tense one.

If they will learn from their mistakes, they might survive longer, and maybe they would be able to achieve their goal.
We are all newbie at the beginning, we earn our experience and that's the reason why we don't make a lot of mistakes now since we have matured as an investor.

If there is a dump, we are just usually relax because we've seen that many times already.

Overall, in my opinion the cryptocurrency market is not affected much by the presence of coronavirus. Compared to the stock market performance, crypto is still showing good development and has not experienced a severe price decline

In the beginning it was affected but now that the government are spending a lot of money to battle the virus, we know what is the effect it will brought to the economy, so people now are smarter, they will put their money on something that will not inflate its value and due to that demand bitcoin has increased its value.

Covid-19 pandemic is really give a bad influence to all market around the world . World economy is devastating so all investors are in bear mode . Let us be hopefully such conditions will be recover as soon as possible, to all the human being .

I totally agree with what the OP said holding unto ones funds because of the downtrend in the crude oil etc market doesnt seems right because it also possible for fiat currency to loose so much value if recession happen and the perfect way for people to hold their fund is through crypto and gold.

Covid-19 does influenced the world economy negatively which also causes panic sell in the crypto market but it doesnt every investors bear mode as we speak because the crypto investors that bought during the $7000 price range have already make some dollars profit.

There have a cricital situation now in whole world, No man could not take any risk by staying outside of home, if they don't take any part to as usal task it would create a bad economic cricis, so that we can say the the current market situation is very wild for the crpto lover.

Yes, if someone just stays at home, then there isn't much work he can do to support his economy, other than playing crypto properly, so an excellent choice in the current situation is to keep working on what we love and set aside a little time to make trade in crypto.

The situation around coronavirus is mainly caused by massmedias. But we have much bigger medical problems than coronavirus, for example tuberculosis - infectious diseases with the highest number of deaths. But thanks to coronavirus we fall into an economic crysis that will be there for years. So be careful, HODL cash and cryptocurrencies and buy low.  ;)

As a result of the fact that I have done some online surveys, I can tell from the small business experience that the Coin Market is a bit better over the past few months. But it is not good to preach this good as good. As a result, it is desirable to be more advanced.

already seen the fact, that the situation of the crypto currency market is better than the stock market situation, we already know from all this that the final conclusion is that crypto currencies are worth investing  ;)

of course the conditions of the place of exchange are very good because when the losses are reduced only the estimated value of the assets not the amount of the assets owned and of course many investors are still interested in cryptocurrency trading because they realize that to get a lot of profits very quickly in cryptocurrency.

Behind all these ongoing events related to the corona virus and China in which all production is “standing”, and as you know, China is the world's largest oil consumer, the following happens.
PlusToken scammers continue to launder stolen bitcoins through various kinds of mixers. At the moment, 13,000 BTC have already been passed through the mixer.

The PlusToken scammers are the reason why the exchange rates are still remaining in a suppressed state. We're just a few hours away from the block reward halving and the prices went down by 15% yesterday. Can it be any more frustrating for those who invested in cryptocurrency? I am literally fuming. Hope these PlusToken guys will die of Ebola.

They are already here and they are in control of the bitcoin they have, so they can sell anytime they want.
Maybe we should also blame people for not educating themselves and getting fooled by the scammers, and at least we know how much they are holding, we will understand what it will effect to the market if they will dump.

I totally agreed with rodeo02. Moreover, Due to bitcoin halving, most of people expecting from bitcoin for big pump. But situation is getting worse. I doubt, everything would be go down more cause effect of this corona virua is not done yet. So converting fiat is not a bad decision

That's what you see on TV, newspapers. What I see in my real life, i lost my job, many people around me in same situation. Many stores are closed and they do not reopen, despite of everything get better and many stores reopen, some close forever. The covid-19 virus has damaged the economy very badly. Stocks and Cryptos crash because money flow run into cash and gold.

Corona is just a disease. There will come a recovery time. I think the effects of Corona are not too dangerous for crypto investors. Corona is not a world war, of course the effect will be easy to disappear. All countries help each other, not kill each other. So no need to worry about investing in crypto with Corona conditions.

Everything about cryptocurrency is done online, which is one of the reasons why it is doing better, despite the economic melt down, which is caused by the pandemic and which affects several activities, most especially those that involve offline presence. Cryptocurency is one of the alternatives that seem so easy to venture into. I see investors getting many on a daily basis.