As you can see, the world is facing one of the most dangerous diseases in the last 20 years. Covid-19 started from the market in Wuhan, China, and rapidly spread around the world in the next 4 months. Scientists and doctors are in the race to find the cure which can stop this disease from spreading wider. Some sources say nCoV is evolving which brings even stronger viruses. Well, in my opinion, the human is always the winner although the cost is expensive
Let's see how this pandemic impact the world in the past 4 months:
First, let's see how cryptocurrency moved: - The last time bitcoin was below $6000 is May 9, 2019, and the last time bitcoin was below $4000 is 27 March 2019. This made many traders panic and start selling a lot of bitcoins. However, Bitcoin was only below $6000 for nearly a week. Whales and investors soon saw the opportunity and they start to put their money back into bitcoin which make the price climb to nearly $10000 in the next 3 months.
Source: OANDA chart from tradingview
Next, we move to Oil and Gold: As the world becomes more trì trệ, Gold and Oil can not escape from the great sell-off. Gold dropped from $1700 to nearly $1450 in 6 days, which we have never seen in the last 5 years. This is proof that we are standing in the middle of the next big crisis. Oil has the same fate just like. The world doesn't need energy when many countries have quarantine. Since Vehicles and airplanes are forced to shut down their business, Oil decrease from $63 ( in December ) to less than $4 per tank. Some brokers even said that they witnessed oil futures price lower than $0. What a nightmare to all of us. However, Oil soon back to the race since China claimed that they had controlled the spread of the Virus, which helped the world a lot. They also provided masks, medical equipment, etc (some sources said that some of those masks are shitty and couldn't be used in the Western).
Source: currencycom chart from tradingview
Gold also suffered a huge drop. But as it is always a number one asset up to now, people buy gold as crazy as they are, and right now, it's creating a new high level. IMO, in the couples of years, Gold will soon cross $2000 which is the result of the economic resurrection
Source: FOREX.com chart from tradingview
The Forex market and stocks also had the same fate but right now I don't have too much time to create a new chart and upload it here with a few of my opinions. But they also perform really well at the moment in which I believe is the results of a powerful international economy
Conclusion: So what is the point of everything? In my opinion, we were in the middle of one of the biggest crises of the century and due to that, many people have lost their money, their investment, their jobs as well as their business. However, the world we are living right now is stronger than before and that's why we are recovering so fast after a few months. The government and people around the Earth are working together to find a great solution to protect our home and the economy. Since our world becomes more developed and each part of the world becomes more integrating, we are building up everything again in the outstanding speed, which never happened before in the past. Maybe there will be another crisis in the future, or maybe COVID-19 will return and give us even more death and homeless people, but I do believe in humans and what we are doing to survive in this big big world. After everything, the human is always the survivor. One day, humans may destroy themselves with some silly weapon or destroying the ecosystem, but it's not today. Today we are strong and unite and we know our capabilities to make their world become a better place. Thus, after every crisis, people always witness a great movement in technology, economy, and living standard
If you are wondering how will this pandemic end, stop wasting your time and find something to do to improve your skills and knowledge, or at least find something to kill your time. What did I do during the quarantine? I watched stocks, cryptocurrencies, and played video games.
In case you don't know, Workhorse stock has made a huge move from $3 to $13 in just 2 weeks
Best regards
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