The current world market situation.

[tunapa]

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.

[republicrypto]

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

[Rodeo02]

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.

[jerrison]

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.

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.

[Mianae]

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.

[trauchot]

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.

[strunberg]

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.

[TastyChillySauce00]

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

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.

[Bohr256]

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.

[cytpoway121]

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.

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

[Tipstar]

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.

[bgaf]

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.

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.

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

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.

[sangjoewara]

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.

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.

[Hypnosis00]

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.

[Greatchu]

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

[abahcoin]

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.

[FireBallex]

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

[tabas]

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.

[sujonali1819]

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 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.

 

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

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

[itsv]

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.