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

[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.

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)

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

[redsun114]

What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

[Xampeuu]

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)

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

same with me. as long as I can survive, then I'm not worried about this decline, because this is only a cycle, which affects market movements. when all the scientists of the world are experimenting to find the antidote, then this vaccine will soon be found, on the other hand the change of the season is only 2 months away, at that time usually the virus will die by itself, and everything will return to normal

[abhiseshakana]

What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

If the number of victims is one billion, then surely the number of victims who suffer more. If it is caused by a corona outbreak, if one billion people die, then about 30 billion people will be infected (assuming the mortality rate about 3.4%), meaning that everyone in the world will be infected with the coronavirus. If this happens then the economy will be paralyzed or stopped and surely chaos will occur.

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

[cazkooo]

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

Darn shit, I wouldnt imagine that I billion people died. If it could stay below 100k casualty than that would be massive win for humanity. There will be alot more shit that would happen if 1 billion people actually died.

1 billion people is like 1/8 of the whole world population. If you watch the avenger movie, half population got wiped and you could see the how the world turn into some kind of shit

[pixie85]

Darn shit, I wouldnt imagine that I billion people died. If it could stay below 100k casualty than that would be massive win for humanity. There will be alot more shit that would happen if 1 billion people actually died.

1 billion people is like 1/8 of the whole world population. If you watch the avenger movie, half population got wiped and you could see the how the world turn into some kind of shit

It's already a loss for mankind.

One nation was developping a bioweapon that got released somehow and is now threatening the whole world yet the world isn't even trying to come to the bottom of this and make the people responsible for this disaster pay. They're acting like it came from space.

The panic is not even adequate to the danger the virus presents. With 2% mortality rate it's not going to do much more than a normal flu. If you're afraid just stay at home. You can't get it from air, you have to come in contact with a sick person or something that person touched not long ago.

[johnyj]

What really I am wondering is, if enough people die, does that make money more valuable or more scarce? I mean yes there has been only few thousand people dead and the considering 20k+ people die from cancer every day it is really not a big deal about corona and so forth.

However, let's assume 1 billion people dies all of a sudden, some earth shattering thing happens and corona keeps evolving to a point where it is quite unstoppable until something happens but it is too late and 1 billion people are dead. Would that means we would have inflation because the leftovers from that 1 billion people will be spread around the other 6-7 billion and we would basically all have more money hence inflation? Or would it be bad because work force would have less people and harder to produce stuff so everything is still valuable?

If the number of victims is one billion, then surely the number of victims who suffer more. If it is caused by a corona outbreak, if one billion people die, then about 30 billion people will be infected (assuming the mortality rate about 3.4%), meaning that everyone in the world will be infected with the coronavirus. If this happens then the economy will be paralyzed or stopped and surely chaos will occur.

Have a wish, if only 1 billion people died then, there would be inflation. But inflation was not triggered because of the amount of money in circulation but due to increased demand and rising production costs. Scarcity occurs in the production or distribution of goods so that the price of goods rises. The reduced production or distribution of goods is caused by an increase in the cost of producing goods. Increased costs can be caused by the following factors:

- Increased wages, due to labor shortages
- Increased raw material prices due to disrupted production and stunted distribution
- Increase in prices of imported goods because the global supply chain is broken

No need to panic, I'm in China right now, it basically has no new infected patients in most of the province now, and most of the business has been starting. However, there are travel restrictions between cities and especially continental now, and many companies in western depends on chinese delivery, this could bring them some trouble. But anyway, goods transportation has not stopped

[sunsilk]

Holding is my option in this hard times and I think I'll only sell if I don't have funds left anymore. But as long as I can endure this very unfortunate situation that we're all facing, I'll hold.

As for the recovery, I've just read it on the news that many have recovered so I thought of there must be some antidote and cure that has been made but as you have mentioned, it still depends to the defense mechansm of the affected person's immune system.

same with me. as long as I can survive, then I'm not worried about this decline, because this is only a cycle, which affects market movements. when all the scientists of the world are experimenting to find the antidote, then this vaccine will soon be found, on the other hand the change of the season is only 2 months away, at that time usually the virus will die by itself, and everything will return to normal

Let's hope so that the climate will help for some countries but to the affected with very cold climate, they will take time to recover. Everyone is badly affected but I agree to this guy above that there's no need to panic.

The market doesn't shape well but it will be perfect again when all the markets and businesses that have been affected starts getting back in business again. I wish that after a month or two this will be solved.

[michellee]

No need to panic, I'm in China right now, it basically has no new infected patients in most of the province now, and most of the business has been starting. However, there are travel restrictions between cities and especially continental now, and many companies in western depends on chinese delivery, this could bring them some trouble. But anyway, goods transportation has not stopped

That is great news. But we need to wait for a while until the recovery process is finished so we will see every business in that country can work as usual. However, I think in the other country, the virus still becomes the hot news because I see much news about people being infected by the virus, and they still in the isolation room for a while until they can get a cure. Maybe we should not worry about the market and the people who got infected because the market will be like that, and the government will handle people, and the virus will not be a problem anymore soon.

[criza]

It is true, lives of other people are more important than the standing of Bitcoin in the market. We should consider to help other people that are affected by the virus in our own ways, big or small it doesn't matter, what important is your heart to help the needy.

As the virus became a pandemic, the standing of Bitcoin also goes into a dump but, we should not see this as a threat or in a negative way but, as an opportunity to invest and hold Bitcoin till the upcoming halving event. The way we view things is important because, it would be a great factor on how we make our decisions.

[bitgolden]

Well, the truth is that naturally you will worry about everything, it’s in human nature to be worried about almost everything lol. And another thing that will make you worried about your investment is when you don’t have enough to sustain you. There are people who just save money in their cryptocurrency wallet with hope that will withdraw it later and that the price will go up, and when it’s not going as they expected they will get worried.

Being worried about your investment in this market doesn’t mean that you’re not worried about people that are being affected by the virus. And moreover there isn’t much you can do about it, than just worry or find an organization that is set out to take care of the issue and support them financially through your donations, that’s the best you can do man.

[bitcoinst]

Believe the spread of the virus around the world has just begun. I don’t know if the cryptocurrency will continue to fall in the near future,
but I’m sure that all major markets will fall by another 10-20% due to the limited communication between countries and quarantine within most countries in particular.

[khunyung]

Believe the spread of the virus around the world has just begun. I don’t know if the cryptocurrency will continue to fall in the near future,
but I’m sure that all major markets will fall by another 10-20% due to the limited communication between countries and quarantine within most countries in particular.

I don't see those 10%, it may fall at best 5% and will climb around. I've seen a lot of news about billions being liquidated into the market by several big corporations

[thesmallgod]

I strongly believe it is partly due to panic sell and also the whales have hands in it. According to statistics regarding the spread of the disease, the Europe has been termed as being at the center of the ravaging disease and this is important because large numbers of people hodling crypto are based in Europe. crypto hodlers in such countries such as Italy might have make panic sell of their asset

[yanto@1977]

I am really hoping that this virus would have a cure as soon as possible, this is really a serious thing,

This is what we hope, Corona will pass away and our economy circulation can running again. I agree worry about people but in real life we can say if people don't have money how they can get medicine and treatment?. Our government help their citizen but we can see the quality and quantity is not enough. Real action is changes our life style in healthy mode, if someone suspicious Corona give them help, take into hospital for next medication.

[julius caesar]

It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.

People as of now is worried about what is happening because of the COVID-19. Thus affects the market price since they need to close the peer to peer transaction to avoid the transmission of the said virus. They chose to have a downfall in the economy rather than sacrificing the health safety of their people inside their country.

[FanatMonet]

It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.

Signs of a recession were looming even before the coronavirus, falling oil prices and the subsequent collapse of exchange-traded assets. The economy is designed in such a way that it cannot constantly grow; after growth, there must be a serious decline, without this, nowhere. And all this is cyclical.

[Kurokonobasuke]

We all know that when the COVID-19 starts and spreads over the world many people are get infected so that many those countries are in lock down to prevent the virus on spreading it,  and we cannot avoid the market to fell because of many business are shutdown temporarily. But don't worry about the market because it will not last and soon it will recover, as I said it was temporary and not permanently we need to think our healthy first before anything because when we get sick it was so difficult but in market it was so easy to recover again when we get back to our normal lives.

[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.

Yes you are right we are in the same situation, all people here are so worried about the corona virus because its getting serious, they worried too about their families especially if they are poor, they can't stock food or medicines in this kind of serious situation, because all the cities here are been locked down

[travwill]

It is recession fear. Why? Because in last 100 years recession on average come in about every 8 years. Now already 12 years passed from last one. A lot of things already happens last year to predict recession. Now with world economy going on halt on many parts of world recession is very possible.

It seems that the epidemic has revealed the world problems that we have at the moment.
I can’t say that it is the virus that causes the global recession, but it definitely served as a catalyst. I wonder how long it will last and how countries will get out of such a predicament.