COVID-19: Do not worry the market worry on people.

[Darker45]

The direct effects are the closed shops, factories, stores, hotels, tourist attractions and so on; cancelled flights and ship travels; draining of stocks for selling; and so many other effects. All this will certainly hit the people hard.

This is now worrisome. The effect is now deprive people of fun and normal living. In sports now, so many games have been cancelled and some played without fans  coming to watch.
Some countries too I have read are burning their fiat because of presumed contact. I hope the world would soon go pass this health challenge.

In my lifetime, this is the first time i do experience where a kind of virus did really give big effect worldwide where it do already comes to a point where it affects traditional operation and hobbies etc.

This is indeed a worrisome thing if this wont be still resolved in more months then we can expect a further or severe situations compared on what we have seen at the moment.

Im not really concerning into market or economic situations and i agree into on op's points that we should be worry on humanities situation.

COVID-19 has already been considered as a pandemic, which means that it is now spreading worldwide. The unique aspect of this virus is that it is very infectious unlike other communicable diseases or the other currently existing pandemic which is HIV AIDS. This is basically the primary reason why it affects to a very high extent the day to day living of people. It may not be as fatal as other diseases but since it is highly contagious, it shakes the normal lifestyle of the world. Almost all kinds of gatherings are cancelled; exams, conferences, concerts, sports games, television shows, and so on and so forth.

I am also not concerned of the market itself. I am concerned of its implications to the economic stability because that is basically about people, their life. Modern humanity is highly dependent on the market. Gone are the days when families can survive with what they grow in their backyards. Right now, everything has to be bought outside. A freeze in the market or lockdown of cities and countries will starve people.

[arrmia11]

Actually I haven't look at exchangers nowadays, my attention is on the current situation here in our country about the virus.
We really can't help but worry coz it is getting serious.

Just like my here in my country the people here are scared on that virus because its spreading faster than we expected that's why the government in every country thet really need to take an action for this situation because it's really a serious disease.

[xvids]

People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.

[matchi2011]

People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.

Agree, it's far important to keep things safe than the current market movement. The more they value their health and be safe the more chances that
after this concern the market will recover back.
People should value life than the market, money can't buy your life if this issue might go deeper. Keep safe and hope for the best after this virus
got the proper solutions.

[el kaka22]

There is absolutely no better moment to buy stocks, gold, crypto or anything in general all due to people are being overly scared of corona virus right now. I mean we are talking about prices of things that should be going up that goes down all due to people being too scared and sell it instead of buy more of it. Look at the stock market in USA for example, it all went down due to the fear and now the market crashed but looking at the individual companies there hasn't been really a big fall in their sales right?

On contrary, some pharma companies actually made more profits as well and Johnson&Johnson should be going up like crazy thanks to their hand sanitizers actually running out of stock and can't keep up with demand, yet the stock is going down, it just makes no sense.

[The Sceptical Chymist]

do you guys believe that COVID-19 affected this thing?

Yes, but that damn virus is affecting everything in the economy.  Even the NBA canceled its season, apparently (that might be old news, but I'm a bit behind). 

Most people will not die from COVID-19, which is a fact that seems to be lost on a lot of people who are overreacting to this thing.  Of course some people are going to die, but the media is playing up those deaths as if it's the norm.  It drives me crazy.

Anyway, as far as bitcoin goes I think it's going to recover eventually.  It got hit pretty damn hard in the past week, but I'm hopeful that we'll still see a new high for the year at some point.  If scientists can manage to make a vaccine for the virus, I'm sure that'll calm a lot of people's fears.  We'll see.

[Assface16678]

People worry about the market more than the lives of those who are affected by the virus.
I guess those people are the one's who still have low percent of covid-19 on their place or country that is why they still worry about the price,
But if they are already affected I don't think that they would think about the market they would be focus on their health over their wealth.

Agree, it's far important to keep things safe than the current market movement. The more they value their health and be safe the more chances that
after this concern the market will recover back.
People should value life than the market, money can't buy your life if this issue might go deeper. Keep safe and hope for the best after this virus
got the proper solutions.

Today one of the widely spreading news is about the market price of the whole stock and many people are getting worried because some of us are making a lot of investment while the price is still low and today we are now facing again that the price of the bitcoin and other coins are falling down that was not quite a good news and because of this is the pandemic virus spreading worldwide many people getting afraid and they are now having some panic selling and some of the large investor are pulling out their withdraw too because they need to support the use of making a cure on their country still after this disaster we are hoping that the market price of the coin again will rise back and reach for over 10k dollars but still we need to hope and pray about it.

[qory]

Always have to worry with covid 19 or corona virus because make many people die and thousand people hurt and keep away from their house, now many football player get this corona virus and many parliament have got corona virus.

[FlightyPouch]

I think people are overreacting since they thought that if people are having a hard time dealing with transactions and money because of this epidemic, they might sell their bitcoins and affect the price negatively. We should not be affected in terms of our crypto currencies, this virus is not directly affecting the price of bitcoin if it was the reason of the dump it should've dropped earlier when the virus is just starting.

but its not the case that happen . the price of bitcoin increase more right after the start of virus  but the price drop after several days   . that is because no people are not affected yet but eventually it spread fast and affect the people severly  .

i think over reacting is part of thier plan because they want the prices to drop so that they can  accumulate the item easily   . if the drop of the price affect cryptos then we should be happy because  this what were all waitin for  .

If that is the case then what is the connection of the pandemic and the price of bitcoin? The price fell last week because of an exchange being hacked as far as I know. It has nothing to do with the pandemic that is happening. It just a coincidence that the price pump and price dump happened at that point.

[Meowth05]

We can't brush off the fact that their is a worry for the peopel. They are an important asset for any country. Being on alert helps in making the situation less worse, keep an optimistic mindset, and slam those fake news which harbor panic. Market will be active at this time and this will cause some plummets to other market some market will surge.

[shoreno]

indeed your right  . it seems like people are acting like a noob . how many times they see that crypto market is up and down ? but this covid thing is new and its a more serious case than on crypto because people's lives here are at risk . when people dies that is a minus point for crypto because that people can potentialy invest on the future if ever he isnt an investor now  .  right now i do worry on corona the most because its reported that it already entered our country   . this was verry alarming because the number is slowly increasing from 2 before now to 53   .

[plast555]

The worry starts with people since people are the one responsible for everything in here then it reflects to the market. It is been a long talked, if the corona virus did take affect the crypto market, In my opinion, yes it does however the movement is going to the other way. I expected the price to go up after seeing the outbreak thinking people would use crypto for payment in many case but it seems like we are all wrong, the price is continously declining in what direct reason? we still don't know and we'll not know.

I think Corona virus didn't affect the cryptocurrency considering that, it's not a threat to any cryptocurrency and we have nothing to do with it. As you can see now, the stock are taking all the damage from it because, they have a real-life establishments that will suffer from the virus from the lack of customer's all around the world.

Empty transportation vehicle, people losing jobs, No tourism and lastly global markets that are crashing. That is basically, what corona virus is affecting, with regards to crypto it doesn't have any effect since it's on the internet and no real-life asset could take the damage from the virus.

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

[johnyj]

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

Even the gold crashed hard today. So it seems everything is sold for fiat money, which we consider it a scam. That's how average Joe's mentality is. But in a total lockdown status, you can not even go out and sell your gold, so it becomes reasonable that gold also crashed. Anyway, if everyone were forced to stay at home, I see more activities in cryptocurrency area

[fiulpro]

Well, our market don't have to go down. If we build a good decentralized system, we won't go through what others are going through except when we come out to help those in need. Building a great decentralized network will also help save alot of people that ordinarily would've been lost to dependance on typical centralized systems. So I prefer to be very committed in decentralized crypto project/projects.
We still have some time to do things right.

Burning cash ?
People loosing jobs and government loosing control
People going into quarantine
Government using large amount of money to help the patients
Society crumbling and all the panic buying is making people loose their money and they are selling stuff to survive since jobs are not viable enough because public places are supposed to be avoided.
It is indeed a situation where the economy will go down I believe.

[TravelMug]

We as the crypto community treats BTC as digital gold so whenever there is a recession or uncertainty in the economy the money will flow into the gold from stocks all the stock market in the world is falling because of the coronavirus expecting a slowdown or recession in the world economy that the reason gold has also increased a lot in the recent times but unfortunately there is a correlation between the S$P 500 and BTC price movements as the Bitmex CEO already mentioned about that so it is causing the crash in BTC too as per them but don't know why because it should benefit rather than affecting. This has been explained in the below video who is a good YouTuber

https://www.youtube.com/watch?v=UsCOwLuzv0E

Even the gold crashed hard today. So it seems everything is sold for fiat money, which we consider it a scam. That's how average Joe's mentality is. But in a total lockdown status, you can not even go out and sell your gold, so it becomes reasonable that gold also crashed. Anyway, if everyone were forced to stay at home, I see more activities in cryptocurrency area

It will have a domino effect, shortage of goods, because the producer has halted their production, or produce is not coming because of the lockdown, it's really scary because everyone is affected in a global scale.

When we thought that bitcoin is a good hedge, we are all wrong, not even gold or traditional market is, everyone wanted cash at this point, but the problem is where can you used your cash when there is not enough goods to buy with?

[sunsilk]

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

[AniviaBtc]

Not sure this corona virus or COVID-19 really affected the collapse of the crypto market, because this market works online

Indeed. Crypto market works online and it should be no problem with the coronavirus. I agree that it won't bring significant impacts to the trends on crypto market. But it probably has an impact if many crypto traders or investors get infected by the virus. It will make them not active in crypto market temporarily or forever. I assume people who said that coronavirus affects crypto market in this way.

We can consider also those miners or mining farm with high percentage located in China. So if these mining farms will be temporarily shut down because the government told them so, I think it will have an impact in bitcoin's price. Also, those manufacturers of mining equipment and gadgets are subjected to this temporary shutdown. And the shipping around the globe will stop for a while to combat the spread of this virus. Though online transactions will not be affected but other factors in bitcoin-related activities are suffering.

One more thing, blockchain conferences are also affected by this. So we are expecting them to cancel such crypto gatherings and this is bad for those projects that wanted exposure in the blockchain community to get potential investors.

All we have to do is to protect those miners or farm that isn't located in China but those who are in a places that is not yet infected by the virus. In Czech Republic and Iceland, they are far from the countries affected by the virus, so we still have hope to help our bitcoin miners to become safe and healthy from the covid-19. It is hard to see that bitcoin will continuously have a downward movement in the market if that happens. I don't believe that online transactions are not affected, there are some factors that needs to consider. Internet connection in some countries aren't stable, some apps are shutdown, some people are under investigation and need to be scanned. If they are quarantined, they will have a limited time to use their gadgets in accessing their crypto, and the volume in the market will surely decrease over time.

[AlecMe]

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

This came as standard instruction where I am :

Code:

There is currently no specific treatment for coronavirus.

Antibiotics do not help, as they do not work against viruses.

Treatment aims to relieve the symptoms while your body fights the illness.

You'll need to stay in isolation away from other people until you've recovered.

Just like a cold or flu, this has to be fought by the body. I am not sure about what antidote you talk about?! TBH the only deaths so far are people with pre-existing illnesses and especially elderly.

Regarding BTC, this would be the worst time to sell, unless you bought cheaper that this a while back.

If you have money to survive this unfortunate event (spare food, being safe, etc), in my humble personal opinion, you should not sell.

At the end of the day though, you know what is best for you and your money. Here lies the difference, BTC is different as it is all entirely up to you with what and when it means and values to you (when correlating to cash $,£, etc)

[elisabetheva]

If you sell, you lose but if you hold, you can retain back the past value of the amount of bitcoin you hold. It's a choice that you must choose wisely, keep and wait until the dust settles and covid becomes treatable so that there will be no longer panic from the market from different sides of the market.

agree, in a situation that is not good it is wise to hold back first, because turnover is very fast and can just be impatient will only bring harm. It must be remembered that all can change at any time and only need the right analysis you can do.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

The news says that there's a huge percentage of affected people that has been cured and recovered so there's a cure and antidote that has been made and applied to the affected people. The health sector is doing their best to fight this pandemic.

[TheGreatPython]

Some people are saying that they were expecting the price to go up when the Coronavirus outbreak started like, how the heck are you expecting Bitcoin to go up? Adoption? Sorry you’re all wrong. I know for sure that if Coronavirus was going to have any impact on Bitcoin is going to be a decrease in price and that’s it, and even the stocks market were affected, except gold that kept increasing since beginning of this year, though it did fall back a little bit recently.

The reason I wasn’t expecting an adoption is because I knew that if people would need a contactless payment (technology payment) they would go for others like PayPal, since there isn’t much places where Bitcoin is being accepted. But this is not going to be for long, things will get better.