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

[boyptc]

Virus and its reaction to the markets has always been connected.

Realizing that bitcoin dropped and recovered, this wouldn't be a problem anymore. Be amazed how bitcoin recovered rapidly after it gave everyone a chance to buy at its dip.

[Blackdeath]

Virus and its reaction to the markets has always been connected.

Realizing that bitcoin dropped and recovered, this wouldn't be a problem anymore. Be amazed how bitcoin recovered rapidly after it gave everyone a chance to buy at its dip.

It is really normal for bitcoin to make a sudden dump and improvement to it's price, so there's no need for us to panic when we are experiencing a bear market because bitcoin would really recover it's price again. Since there is a pandemic of corona virus, every country are experiencing a downfall because working days had stopped for a while, but we shouldn't be bother in our economy that we should be caring the safety of our people because they are the ones who will help our countries to make an improvement to our economy.

[FlightyPouch]

Yes that's right the covid19 is the virus which is affecting the market and it is normal. The thing that we need to be afraid off are those people who are worry so much and intent to sell all of thrir holdings because they are afraid that the value of their tokens or coins will eventually dumps so much.

This still depends on the person since you will not be able to push someone to keep on holding since what people need right now is fiat to be able for them to be safe and sound during the quarantine. It is their loss but it is better for them to take the loss rather than endangering their own lives.

[Saisher]

As we all know bitcoin is starting falling, do you guys believe that COVID-19 affected this thing? I have read some threads that is somehow related on it and they keep telling that COVID-19 affected the market, they are really panic because the market is start falling and may affect their investments and trading transaction, which is not good for them. About this investing do not worry about that because you may still hold your money until it backs to pumping.

The thing is do not worry the market worry on people, there are so many affected people and areas about this COVID-19, there are a lot of suspended school classes for how many weeks, which is not good for all the students out there, there are a lot of affected workers, company workers, labors because of this virus, which can really affect our economy. Worry about people because if traders in this virtual world will be affected because of the virus then for sure our market will goes down.

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

The motivation and the confidence of the people affects the market, we are in a new environment, something we do not encounter before so people sell their share and go for fiat so they can buy their basic needs, because we have an uncertain times, something we never encounter before, but now the market is recovering and showing good signs.-

[bitbunnny]

Virus and its reaction to the markets has always been connected.

Realizing that bitcoin dropped and recovered, this wouldn't be a problem anymore. Be amazed how bitcoin recovered rapidly after it gave everyone a chance to buy at its dip.

The recovery stil isn't full and it's hard to tell if this will happen and when. Also, further dump is possible too.
At the moment is still hard to predict how the situation with virus will develope and when all this crisis is going to end and that will affect the Bitcoin market too.

[GDragon]

That is true. Some people still go out, and we don't know what they do. I wish that they know that is not making a better, but it makes the situation worst because they can get infected. Well, I hope that they can save themselves before the virus attack them. We need to have an awareness of the current situations by staying at homes and let the professionals work and save other people. We can help them by not making another problem which will make them busy.

They have something to do in this pandemic and it isore important to be honest.

I know that it is bad for people to go out so they just need to follow the quarantine rules to be safe but the thing about this is that they don't have enough money to be idle in their houses. They have families to feed and children to raise, some people are having a hard time to save money with prioritizing their essentials this pandemic.

I am staying home and I wanted all of the people to follow too, because that will really save many people. We should let the frontliners do their job safely. However, I also feel the people who are still going out because they are hungry. I hope the rations of food promised by the government reach them every week. Some even go out to ask authorities for the food because their house isn't receiving even after 3 weeks of lockdown. It's hard to tell them that they should just follow because I can afford to follow, I have stacked food.

I just hope those people going out because they're hungry will be help by the government as soon as possible. And to those people going out just because they are bored inside the house, those are the people who really deserve the sanctions. 

[boyptc]

Virus and its reaction to the markets has always been connected.

Realizing that bitcoin dropped and recovered, this wouldn't be a problem anymore. Be amazed how bitcoin recovered rapidly after it gave everyone a chance to buy at its dip.

The recovery stil isn't full and it's hard to tell if this will happen and when. Also, further dump is possible too.
At the moment is still hard to predict how the situation with virus will develope and when all this crisis is going to end and that will affect the Bitcoin market too.

How much in your opinion it has to recover until knowing that it has fully recovered? I'm liking the view currently that it was back to $7,100. And the recover that it made from the bottom was amazing.

Yes, predicting what's next is hard but let's appreciate the current move that it's doing.