The current world market situation.

[itsv]

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.

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

[SaidNurs]

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

[Botnake]

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.

[wozzek23]

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.

[GreenStox]

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.

[aemma]

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.

[masterrex]

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.

[tbterryboy]

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.

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.

[umbara ardian]

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.

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.

[Twinkledoe]

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.

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.

[Pecunia non olet]

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. 

[Kunnu]

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.

[rahmatullah9305]

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.

[ned.ryerson]

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

[Ezravdb]

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%.

[Botnake]

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.

[mamesso]

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.

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.

[Yudhisthir]

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.

[Farma]

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.

[Ashong Salonga]

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 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.