carlisle1
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March 03, 2020, 02:55:12 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
first thing is Did corona really bring the market down?because i have crossed so many topics here about blaming this Virus to be the reason for the downfall. but the truth is since the beginning of this year we have been in Bullrun but all of a sudden after more than a month then this happens so i think this is not because of the corona virus outbreak instead this is part of the correction for the incoming Bull market.
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lienfaye
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March 03, 2020, 04:24:12 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
Bull or bearish we cant say what might be the status of the market if this virus didnt exist and affect the people who holds crypto. It has nothing to do with the market but only to people who have weak personality and believing this fud and so it reflects on the market thats why we are having a correction. Lets not forget that even this virus started to spread, the market managed to move upward thus its not because of the virus thats why the market is declining.
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serjent05
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March 03, 2020, 05:13:52 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
I still believe that Coronavirus has nothing to do with crypto market movement, so if ever Coronavirus never took place, I believe the market flow will be the same as it is. The current turn of event from being bullish to somehow bearish is not because of Coronavirus but rather because of people panic selling after the short trades from traders who take profit on the recent price uptrend.
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xSkylarx
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March 03, 2020, 05:49:41 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
I still believe that Coronavirus has nothing to do with crypto market movement, so if ever Coronavirus never took place, I believe the market flow will be the same as it is. The current turn of event from being bullish to somehow bearish is not because of Coronavirus but rather because of people panic selling after the short trades from traders who take profit on the recent price uptrend. I certainly agree with you. As for me, Corona virus didn't affect or influence the current market situation but it is the people who are panicking. We can't even blame the corona virus of the sudden dip. The market itself has been resistant in the spread of most epidemic occurrence so I'm sure that it will still work well no matter how many countries might suffer. There's still no assurance of the bull run despite the existence of the said virus. I just hope that they would find a cure for such virus because lots of countries are struggling already.
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xvids
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March 03, 2020, 09:51:24 AM |
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Nobody can guarantee us the bull market will be kicking in if Coronavirus never happened. Remember when Bitcoin halving happened in 2016? did the bull market start that year? No, the bull started a year later after a long period of accumulation. So I believe the downside or the upside of the crypto market has nothing to do with it. It might affect it but not by a big margin. Also do not forget, not all of us are using cryptocurrency.
This is true and we shouldn't blame the virus for the market crash. We couldn't be so sure that the market would be in a bull run right now if the corona virus didn't happen. And I don't really believe that the virus have anythig to do with the price drop that we had experience.
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TravelMug
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March 03, 2020, 10:37:46 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
I speculate that we will still go on another correction though. I mean, we have been in the oversold region, that's why bitcoin can't get past $10500 and ethereum $300, so still there will be some incoming dump along the way. However, crypto has proven itself to be very resilient about any pandemic or global situations like the corona scare. Other traditional market keeps on slumping, but crypto has somewhat recovered in the last 24 hours.
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Kemarit
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March 03, 2020, 10:43:57 AM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
I still believe that Coronavirus has nothing to do with crypto market movement, so if ever Coronavirus never took place, I believe the market flow will be the same as it is. The current turn of event from being bullish to somehow bearish is not because of Coronavirus but rather because of people panic selling after the short trades from traders who take profit on the recent price uptrend. Yep, the Corona virus pandemic has nothing to do directly with crypto market, it's just one news that really put a lot of investors into the scare mode, specially newbies who pushing the sell button. Sooner or later the market will go on a retracement and it just so happen that the Conora virus was in the headline and somewhat hurry up the market correction that is going to happen. But you have to think about it, when we reach $10300 we have a sell-off, meaning many sold and take profits. So I guess that retracement is imminent in February and it's going to happen with or without the Corona virus scare.
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hahay
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March 03, 2020, 04:20:19 PM |
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Not sure, because of the presence or absence of coronavirus I think the market will definitely get a big correction before halving, because something like this is something I anticipate all the time. If after halving and after several months have passed there will still not be a more positive movement, then I think that's when at least the adverse effects arising from coronavirus will be increasingly visible.
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DU18
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March 03, 2020, 05:59:31 PM |
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Not sure, because of the presence or absence of coronavirus I think the market will definitely get a big correction before halving, because something like this is something I anticipate all the time. If after halving and after several months have passed there will still not be a more positive movement, then I think that's when at least the adverse effects arising from coronavirus will be increasingly visible.
True as you say, even though the corona virus is currently affecting several countries but it seems that it does not really affect the world of Cryptocurrency, even if it is affected I think it does not really have a significant impact on Cryptocurrency because as far as I know the aspects of buying and selling still have a very important role a big influence in the occurrence of correction bitcoin prices and altcoin in exchanger.
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RealMalatesta
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March 03, 2020, 07:58:34 PM |
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I suspect in the long term there would be no problems at all but in the short term it would have been more profitable. In the short term prices of basically everything got affected and that resulted with stock markets and crypto markets and many other stuff to get affected as well, it goes down as little as a hotel in Italy getting its reservations cancelled which hurts the economy slightly to much bigger things like some huge companies stop working with china on manufacturing which causes a big hurt in economy.
However, in 2-3 years when you look back you will realize that nothing changed because all of that will be recovered in that long time period so it won't matter in few years if it happened or didn't happen.
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chennappa121
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March 03, 2020, 10:27:15 PM |
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We know the situation about world economy has getting very bad conditions now due to coronavirus outbreak and it has impacts to crypto market also if we didn't get any solution for stop or coronavirus outbreak it manybe impact more badly to world economy and crypto market also.
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Leah38
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March 03, 2020, 10:55:52 PM |
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The thought really didn't enter my mind. Corona virus didnt affect crypto market movements on my point of view. Here in the Philippines, we are not that much affected. The other countries, yes. I think the news of war affects crypto market more than the virus outbreak.
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shinratensei_
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March 03, 2020, 11:06:42 PM |
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What will be happening right now if Coronavirus never took place to drag down cryto market due to economic affection? Still down thread or bullrun will still be kicking
If we are using our logic and when corona virus never happen and i can assume if the correction will not even worst than this time. Im not sure if the bullrun will still be kicking. I just try to take the fundamental of the world economy as the main consideration to determine the direction of crypto. The stock market is also in the same way with crypto right now. The correction can happen but it will be very small compared with what happens last week. Corona was affecting so many people being scared to invest in the cryptocurrency and this is happening not only with crypto even in my country and the whole of the stock market is getting a huge impact too. The gold is who can get a positive trend due to the production that comes from africa becomes less and it was touching all-time low production.
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samcrypto
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March 03, 2020, 11:47:29 PM |
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The thought really didn't enter my mind. Corona virus didnt affect crypto market movements on my point of view. Here in the Philippines, we are not that much affected. The other countries, yes. I think the news of war affects crypto market more than the virus outbreak.
We don’t know yet, our media is hiding something for us not to panic but yeah its hard to connect the virus from the current situation of cryptomarket. If there’s no virus then we are living normal but we can’t still be sure that the market will enter in a bull run because there’s no good news from the market aside from halving.
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bhabygrim
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March 04, 2020, 08:13:08 AM |
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I am also curious if corona virus didn't happen then what or who would be blame for the market crash? We are blaming the corona virus for the market crash while we know that those things always happen in the crypto market so if corona virus what or who could be blame about the market crash?
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Novatech8
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March 04, 2020, 09:31:36 AM |
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It's a bad experience witnessing people get killed by a new virus when the world is already filled with different diseases but I find it hard to believe that Coronavirus is affecting Bitcoin, it doesn't look like that to me
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pageraji
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March 04, 2020, 12:26:50 PM |
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I think without corona virus bullrun stil be kicking because of bitcoin halving, and this corona virus is not bad for cryptocurrency because stock market dumping may be a lot of investor run to crypto market, i hope see another ATH of bitcoin soon ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Taskford
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March 04, 2020, 01:50:37 PM |
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Corona virus hurting so much the economy and the current situation of crypto and if this virus will continue for more months for sure all economic side of whole wide get affected and might we will get affected if certain things doesn't brought up by the fate.
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beerlover
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March 04, 2020, 02:50:29 PM |
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I doubt anyone is hiding anything or I doubt it is as big as people make it out to be. Think about it, there are countless diseases in the world right now and none gets this much attention, even common flu kills more people so there is really no need to overreact and there is nothing to hide about it neither.
There are sometimes some diseases that breaks out in the world and whatever reason that happens, it doesn't really kill as many people as we overreact and for some reason everyone keeps talking about it on news channels all the time. Just calm down, wait for it to be over and meanwhile buy stuff when its cheap and when this is gone and forgotten the prices will be higher and you will be in big profit.
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DonFacundo
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March 04, 2020, 03:17:48 PM |
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In my opinion if the coronavirus never happened I think the market will still the same situation right now because only few people affected of the virus so the market is not affected but if more more people getting affected of the virus I guess the market will down.
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