Bitcoin Forum

Many are associating the Corona Virus has something to do with the crash of the market, because they theorize that people are liquidating their shares or coins and converting it to fiat so they can buy basic necessities in case these pandemic, but what if our medicine experts finally find the cure, will the market recover  because of this news?

What's your take on this?

Probably yes,there will be a spike in the global economy if there is a vaccine or cure found for corona virus.But it probably needs lot more time to find the cure or any medicine that is why the panic is real in the market and also among people.

If someone can find medicine in the next one or two month it will greatly helps the price of bitcoin to invrease because we have halving approaching in the may so it will be perfect moment for anyone to get convinced to invest on bitcoin.

I hope I'm wrong but the halving will not help the situation the news for the market to get up must come from the containment of this pandemic or a cure, even a news that a test is being done about it's cure is good news to the world, and for the market and the economy of the world.

^Yesterday,I had seen that Thailand doctors found cure for corona virus on a local media news channel but I searched on WHO or other international social media to see is it real but there is no update yet there so many people are trying but still they are not 100% sure about the medicines found.

Oil price increase can help the market to recovery a bit which also affected as same as corona panic and oil price loss also happened due to corona so everything is correlated with it.

Well, the damage has been already done. People are now panicked because of this coronavirus and I think nothing will change even if there is news regarding the vaccine. They already converted their crypto asset and turn into fiat and perhaps it takes a month before the crypto market will also cure and investors and traders are back into the business. Indeed, --let's wait for the crypto market price will resist after this huge dump happened.

I believe people are ready to get back and do buy back once there is positive news, those who dumps are looking in the market and looking on the news if there break through news and in the position to get into the market, they know that the price is very low, but they want assurance, that this pandemic has an end.

the effect that occurs on the crypto market is related to the weakening of a country's economy. although antivirus has been found later it will not quickly and easily stabilize the world economy. all require a process that I think it must take a long time. but I hope that updates from several platforms can help stabilize the crypto market faster.

I'm sure one hundred percent of the market will recover if "WHO" announces the covid-19 vaccine has been found.  but before the good news arrived, the widespread panic could not be stopped, I see on the news every day that officials in many countries have been infected covid-19.  I am personally very worried Covid-19 entered my city because my wife's immune system is very weak, her chance of being infected with Covid-19 is very large, I hope the good news will soon arise.

This corona virus has made the entire globe a serious threat, people now are only concerned about this disease rather than focusing in businesses etc. Many countries are literally scared and giving high awareness only to avoid public gathering, at this point of time most of the whales have already started to buy the coins in cheap prices from the panic sellers. I think it will take some time to recover the market till then pray that corona should go away.

There are always economic crises inherent in capitalism. And these crises are always based on something. In my opinion, we are on the verge of such a crisis right now. Corona epidemic is such a big event that the modern world has not met for a long time. Moreover, in today's conditions where mobility has increased, its effects have been enormous. I think the answer to your question is yes, a future treatment will provide relief for the markets. But will it be enough for complete recovery, we will see this together.

On average it takes 1.5 to 2 years to find vaccine for viruses like this. I am positive that in 2 years time markets will recover. Until then recession is inevitable.

If that is the case, if the solution is eventually found, I mean a lasting solution, there will definitely be a positive change in the market trend.  I am still thinking if Coronavirus is what people are considering as an excuse to sell their assets.
This is an investment and for an investor to think that way, it means he does not still understand how to go about it.
The main reason I see to the fall is that the market is already in a panic state. So, more people are selling, not knowing what could be the next outcome, perhaps in a few days' time.

Well, let's see, perhaps if the solution is eventually provided, will there be a recovery?

I think all this is nonsense. ordinary people do not have so many assets to make such a drop in prices. so many assets have been sold in recent weeks that you can buy anything for that amount of money. I think coronavirus is just the reason at which countries want to shift responsibility

The solution has not been provided, so it's no news yet. Ordinarily, that some parts of the world are now ravaged by the outbreak of Coronavirus, does not necessitate that the entire market should drop. There are certain people who just feel, for every bad news, there should be a response from the market, which to them, must also not be palatable. So, they have decided that the only way they can cause serious panic at this time, is to contun=inue to spread more bad news about Coronavirus. Which they have done and have succeeded at it. We just need to be sensitive to some of these things even if you are not part of it.

Yes, such positive news will definitely help restore confidence and markets can bounce back and i am already reading positive news, China has already controlled the virus and many other countries are also following the isolation method where this virus will self destruct in 2 weeks if not transferred.

I think markets around the world including crypto market are in a state of shock at the moment and may take some time to recover from here while i think oil will not recover from here anytime soon because of its own specific fundamental and technical reasons while i expect gold to go down a bit more as well and as far as crypto market is concerned i think we may see a couple months of accumulation or range trading from here before markets comes back to life and recover.

I strongly believe that once theres a cure to this pandemic, there will be resumption of stability in the crypto space.
The core decline was not even corona itself, it was the fear and the panic that soared after the pandemic roared across all continents.

I do really hope the cure is found soon, because every economies are on the decline in times as this.

I think vaccine is already prepared for cronavirus both by American and Chinese authorities and both are in testing process and as far as i have heard they will be able to cure coronavirus patients within 3 hours of its injection. And this vaccine is anticipated to be ready for patients usage by as early as next month.
So if this was the market recovery news i think market will boom as soon as this vaccine will hit the market.

Yes, the cessation and curbing of the spread of Coronavirus would surely bring about some recovery in the market. Currently most crypto enthusiasts are scared of the survival of cryptocurrencies looking at the fact that China which holds several mining companies is one of the countries affected to a great extent. I believe once we hear a good news about the developments of Coronavirus the crypto market as well as stocks is likely to recover.

The market will recover along with the handling of the coronavirus by every country in the world. The cure has found already but unfortunately, not all countries have it now. Every country needs cures to deal with infected people. And they must ensure their citizens that coronavirus isn't something very scary anymore. The infected people can recover, while normal people can prevent it in some proper ways. If all people have realized that no need to panic anymore, then the economic and financial sectors will recover (including the crypto market). IMO

Corona viruses like that provide an opportunity for whales who can give effect to cryptocurrency price movements and make price reductions like this, at least you should be able to take advantage of this moment to be able to get a lot of profit when prices rise again.

which makes the price collapse at the place of exchange is actually not from this virus but the cause is traders, investors and whales who panic because there is a virus that spreads quickly so that the conditions of the exchange place collapsed like this, if only they all did not panic then the price of coins would still be stay safe.

if the medicine and the vaccine have been found, the market will definitely recover. starting from small to large economies, then the stock market rise again, and certainly it will also affect people's purchasing power for crypto and the crypto market will rise again.

The funds have been liquidated already and even cure will arrive on its way, the damage has been done already and we must just wait again for another long time recovery. But thw real question is, is this pandemic the really reason for the downfall? Or its being used by some capitalist as an opportunity to use as an activity held responsible for this crash.

Well, it becomes a solution so that people refocus on their respective businesses. there are many reasons that the coronavirus that exists today makes many people sell their assets to buy basic necessities to avoid this virus. however, I think when drugs or vaccines from this virus have been found, people can return to invest legally. Well, many people panic and buy excessively basic necessities right now because this virus does not yet have a cure.

If the reason behind the fall of the market was right to base on their theories about the Coronavirus, then after the cure will be discovered, the price will undoubtedly recover again for sure. If not, then, even though the virus is still there, the market will also recover from this sudden fall. that's why people should take this chance to buy some Altcoins and have some courage to hold them. because the assurance for their prices to recover is high. They need to think of these twice though, by not converting all their wealth to crypto cause they also need some quick money in case of some emergency.

That's quite true, the crash all points towards a global panic as most nation has declared emergency lockdown and some country have restricted movement both in and out of the country while others have stopped every public gathering which has affected many businesses. Irrespective of all these, finding the cure doesn't guarantee the stop of the spread of the virus, the medicine might not even be easily accessible to most affected individual as it'll more costly and just used as a means of making profit just as other cures has been used.

The general public are misinformed that's just the reason behind the panic, the situation can only get better when they get inform on how speedy most cases are getting cured and the death rate isn't that deadly when compared to other viruses that have hit the human race in the past.

The media aren't doing their job right, they're mostly interested in views instead of giving their audience the right and correct information, Corona is deadly but it can be cured and it isn't that serious as the media make it to look like.

Market will surely recover once the anti virus is found, you'd explained perfectly what is going on, people are converting to Fiat to store foods and meds

Also, you can add that there's a manipulation that is happening.

people are investing because they believe on the future of crypto and their purpose is to be profitable so they'll not cash out their investment if they don't see a profit on it, in addition, they'll not gonna risk their money that is intended for their daily living like their savings, so if even with this corona virus and the price did not dump, they'll not panic, the cause of this panic is the whales playing the weak hands, that's what I see.

This corona pandemic will be over soon, they'll invest soon of course but that's the time the whales will also enjoy.
It's a game, those who are not knowledgeable enough will easily panic, they are called the weak hands.

I hope you are right in your observation I prefer this scenario that whales are doing this because they can and will recover their dumps but it's different if people have lost their confidence and don't want to come back anymore and instead convert their coins to fiat so they can hoard in times of needs.

I think many years back this kinda market crashing did happened, to my own point of view some organization is behind this virus outbreak, the purposely unleashed it to crash the market for their own gains, few countries have already beat this virus, it won't last for long

It is not undeniable that prices reduce crypto assets due to the impact of Corona. It seems to be the worst day for Crypto-asset traders. Price reductions occur within one day and make all crypto traders frantically sell Crypto assets. The concern I inflicted on the impact of the virus. Corona impacts will still continue to happen because now my own victims of the virus infection continue to grow.

Many Crypto asset traders convert crypto assets into real money and are used to buy basic necessities. We can see that many stores and markets have increased sales for specific items.

But we also have to remain confident that the crypto market can go back to the top. And if the Corona virus can be discontinued of course this will give a good effect on the crypto assets.

I am sure that this will happen when the corona virus completely recedes, then the cryptocurrency market will again begin to grow and we will be able to see new pumps, but for now, we need to wait out all these drops and keep our investments in stable coins so as not to lose our funds.

If the vaccine is found the world economy will improve to a large extent. The issue with cryptocurrency market is beyond coronavirus its about whales manipulating the market to buy cheap from panic sellers. When vaccine is found, the market may or may never recover.

The crypto market is very difficult to know the direction for now. I think it needs just a little sweetener news that crypto can make us safe to transaction without having interact each other like fiat. Now it is not only find Covid19's solution but also make change a stigma to the public that digital money can be a problem solver when the government begins to restrict us from being outside the home.

May be yes, it will recover but the crash was not only related to the corona virus. Couple of things together has crashed the market. Bitmex issue, plustoken issue, corona virus together have associated market to be crashed. However, I think it will take some time to recover the market.

The corona virus that is being rife is being discovered at this time by a doctor, but the doctor has yet to find a specific anti-virus, and they only recommend environmental cleanliness and food as an anti-virus at this time, so if we wait for an anti virus, then the market recovery will last long.

Wasn't it announced that the cure had been found and that China had stated that more than 40,000 citizens affected by the virus had recovered.
so now is the recovery time, but it will take time to make the market recover, just as when the virus attacks at the beginning there is no specific impact, when entering the final phase then it causes economic and industrial decline.

Of course, if the medical community or our scientist discovered a vaccine, then obviously the panic will stop, thus crypto will be on the road to recovery. I'm sure the experts are really working very hard at every lab around the world to find the cure to really stop this pandemic so it's just a matter of time.

Meanwhile, the best thing to do is to really buy at every dip, (just like now, the price is just hovering $5k), because once the market recovers, chances are we might see a good profit, it's a tough decision because we really don't know the future, but for me this is a perfect opportunity to be a bagholder.

I think it's true that the corona virus is making the market move negatively now. Almost all countries have been infected and this can make the economy slow down. But things like me are temporary and the market will recover and cryptocurrency will be a good investment alternative

Everyone needs that medicine or vaccine already so obciously it can help the market recovers if the people are being frees from this death virus that are spreading. The only thing is when this come out? People around are all suffering already and mass people have died without much being medicated by thr virus.

On some cases such as stocks it already been felt. But for crypto its still not sure how corona affect this a lot or some people with agenda using this cause for lowering the market.

I believe any kind of positive and genuine cryptocurrency related news will definitely bring some cure for the current cryptocurrency market which is getting infected by corona. If we are involve in cryptocurrency in any form so it's our responsibility to spread positive and genuine news to stop panic.

It's temporal in the sense that when this pandemic disease find the solutions the chance of recovering from this downfall is high. We can assume that many are pausing from investing and holding assets as there's no clear point for positioning your entries.
Once the virus find it's cure the market will bounce, though there's no actual time frame but looking forward to see the best solution.

I am not totally certain with this but may be fear has really something to do with the current worldwide condition, of course, and whales did manipulate the market at the same time so that we are going to notice the issue better than the possible side events. Can't agree no more with your statement since it is pretty far the obvious one and even here people tend to panic, worse is that they turn even more greedy, that they being pushed by above-all-else vision on how they'll addressed the problem itself. Do market will get recover? Yes, and better be ready once the virus got finished up, 'cause I believe that the market will rise up as well.

I think this is like a case that had previously happened, where at the beginning of the beginning it was still a hot conversation, but at the end it would not be considered later. But this is a concern because it is global. Always take care of each other. But I also think that this is one strategy for later if the drug has been found, then it will be sold at a high price, afraid if this happens

Yep surely the market will recover if we have medicine to cure corona virus so there is no panic buying alcohol or face mask. The investors will go back to invest cryptocurrencies.

I think investment activities can still take place even though the circumstances have not changed. but market conditions will be difficult to grow when investors and traders will continue to withdraw their money from the market. hopefully, that doesn't happen.

market will recover even if this a  big fallen in this year. it wil bounce back.
market condition is like bubble,  if it erupts then someone will try to blow it again, and whale taket this advantage to control market prediction.
and china say this virus will be vanish in june, so we can make preparation for that, to see market will recover or still down.

Normally medical scientist are in a hurry to find cure for a viruses for the legacy they can attach to their names but this corona seem too strange that there is no one had come up. Strange enough for another conspiracy theory. :)  Yes a cure could be a sign for a market to climb up gain.


Why Jun why not December of next year at least. When the city I live in was locked down and people are panic buying, I thought in few months there will be looting in the nearby grocery store. When this happen a lot will be killed and price of BTC by this time could be just $50. That's a lot favorable for whales and take control.

      With the disappearance of the virus, people's panic will disappear as well, and people's cash will be used again to invest in cryptocurrency. I am more optimistic and think that next year we will see a new bull run. We are waiting for the investments of the whales in the crypto market and the treatment for COVID-19.

Even if any part of the globe creates a medicine for this kind of virus than it would even take a long time for the medicine to reach majority parts of the world. Even the pricing for such medicine would be much higher and I do not think that most of the middle class families could afford this kind of imported medicine.

The WHO should be successful in finding a cure which would be most cheapest but effective. There would be a lot of people would have been waiting for such medicine and this would soon make the panic and fear disappear from the community. This would also bring the prices up as people would again start buying coins and trusting the markets as the panic and fear would than exit the markets.

hopefully one day there will be a news that will come out that cure has been found for the pandemic.
I would 100% expect that the market will recover, even the news it self is sufficient enough to make this market bounce back from heavy dump.

Yes surely it would recover the markets in minimum time if ever the medical experts or the WHO finds a cure for this virus. But, it is not actually possible to find a antidote in a minor time as it would at least take a year to develop a vaccine for this corona virus and by that time many people would already lose their lives. This is bring the markets on the bottom as also we could see that most of the common commodities including hand sanitizer and soaps too have been in an increasing demand and so their prices are sky rocketing.

Now, most of the people would need huge funds to stock up the basic needs and hence people might move their money out from the markets.

is it that easy to restore the market in improvement? the discovery of a drug from this outbreak I think will not easily restore the world economy which is currently declining. the burden is felt by everyone, and we must be patient to wait for the increase to occur. this year we are still hoping for a major project update, hopefully, there are no delays.

The possibility of this happening is very large, because it is good news that has a big influence on the world economy, including the cryptocurrency market. Everyone will return to normal activities and return to investment

the impact is too big I think on the world economy and the crypto market. need time to readjust market conditions. capital and trade must be increased again to make the market move again on a better chart.

I heard through a few news Corona Vaccine are preparing from Germany, I hope it will effectively works and all of affected people's will be cure. For home home quarantined anyone can't coming their work station. I didn’t see any hope when market will recover. Withdrawn their assets that means how much panicked in the around. Bitcoin movement made me scarry at this condition.                       

This pandemic affects the global economy, everyone must choose the best way to protect their assets, and as real action to defend themselves from the worst conditions. In this situation, health is certainly more important, losses can be overcome if the situation has improved. Well, we know that rumors can fundamentally affect price movements, especially if there is good news regarding the discovery of vaccines or drugs from this pandemic, it will certainly have an extraordinary effect. Although not spontaneous, price changes will show a good trend.

I also read the news several times, but I don't know the truth yet, hopefully, it is true, so that the vaccine can be used to relieve this pandemic. The important thing is we try to protect ourselves and those closest to us, social distancing is very important for now so that the spread of the virus can be controlled. Money can be sought again, but health and lives have no reserves, prioritize the best :)

The cure is looking forward to many which are the only hope as a solution to this coronavirus,  basically, if we found the perfect medicine we can return to the crypto market I think this season, almost every country has decided to declare lockdown movement which is the state of world health organization program to prevent further increase in risk.
I think radio and television news programs can help which is the primary solution for recovery.

If the coronavirus vaccine has been found, I think investors will be optimistic and market confidence will recover. In my opinion, the decline in prices on the index market and other financial markets is due to the panic that corona virus will affect world trade

Some countries have claimed to find a vaccine for coronavirus and I think it is good for the confidence and recovery of the world economy. Coronovirus has caused concern in the minds of investors and I think this is what makes businesses and investors panic, but the crypto market has survived 10 years amid a variety of negative news and in my opinion will still survive amid coronavirus outbreaks

I think searching of vaccine for this pandemic desease takes more time, coronavirus death still rising and the tranmission of virus is uncontrollable, from now on maybe self isolation  is the only solution to stop the virus from spreading. I think for crypto market to recover  we only need news like this for example in news headline "Covid-19 are suddenly disappeared all over the world" like that miracle  news i think it will help  the market to recover.

A cure for coronavirus will have a positive impact on the crypto market because many people liquidate because of the uncertainty of the virus. A cure will send reassurance to those people.

the impact of the corona virus has destroyed most of the activities of every country around the world. the incident will even continue until there is really no one who is indicated corona disease. therefore, such an impact greatly affects the value of the stock or crypto market and several other activities.

If the fall was associated to covid-19 and as a result people liquidate to be able to carter for their basic needs, then yes, ones it has been officially announce that their is cure to the virus, many people will feel safe and secure, they would also want to have their investment back, so the possibility of market recovering is certain, one thing i know is this virus can not linger on for too long, at some point there will be cure and this will come back to normal.

I am sure that the vaccine will be found. Yes, that will bring positive news to all sector so people can start to work as before, and they don't have to afraid of the virus again. But we still not seeing good news until now and we still waiting for the vaccine that can cure the people. The market will recover soon, and we will see that the pandemic will slowly disappear. So we can back to make a profit from the market again. Until that time, we need to be careful and have patient to watch the market moves, and if the market still not going to the better level, we don't need to enter the market.

I think recovery is more difficult then falling down. Cure could be occasion but not a reason. There are a lot of hard repercussions of coronavirus which can influence on all markets long time. Hope that everything will be okay, but as for me today`s situation isn`t positive

Well, based on what I have observed since the day that the virus is said to be pandemic, meaning it has already come to be a fastly spreading virus, the market have got into a downfall maybe due to panic attack that it is becoming a real threat to the health of the people and to be able to survive such threat, many people are using their assets to buy necessities to be able to keep themselves safe from the threat of being infected by the Coronavirus. That is maybe the reason why the market is experiencing an all of a sudden downfall this past week specially now that the number infected is increasing as days passes by. People are now focusing or prioritizing their own safety rather than getting into crypto that is why maybe the trading orders and the demand volume is getting down and as a result is the drop down on the prices of the cryptocurrencies within the market. I do believe that as soon as the cure is discovered and the problem is already resolved there will be a slow recovery that will happen in the prices of the cryptocurrencies for the reason that people are still recovering from the situation but at least there is a chance for the recovery. Let us just hope that this problem will come into an end in which all of us will be safe from the threat of the Coronavirus and the market will soon to recover from its loss.

Surely the market will recovery but it is not going to be that fast, the money lost in the space took years to be build but in just a matter of days all these gain has been wiped out. I do hope they get the cure before Bitcoin halving if not people need to prepare for the long night