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

[cutesgirl]

Covid 19 make market worried with lower price and many people panic for selling coin with lower price, this bigger virus in the world because many people have pass away and a lot of them keep stay at home by this virus, when many people do not get income will sell bitcoin and altcoin although lower price.

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[travwill]

According to coinbase:


So what happened here?

The reasons behind the Bitcoin crash were similar. Some short term speculators sold, some institutions required cash for margin calls elsewhere, and some leveraged positions were forced to close. But it dropped harder and faster for Bitcoin than traditional markets for one central reason: the size and scope of leverage in the Bitcoin industry.

Traditional equities markets limit the amount of leverage to ~2–3x. In contrast, Bitcoin has some offshore exchanges that offer 100x+ leverage, where $1 of Bitcoin could be used as collateral to back $100 in purchasing power. To be fair, this is very risky — a position leveraged to 100x would get force-closed if the market moved just ~1% against you. So most traders hold positions at a more sensible 5–30x leverage, but still notably
higher than 2–3x.

https://blog.coinbase.com/on-crypto-markets-and-bitcoins-value-proposition-2fbbca5349dd

[alexsandria]

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.

[lienfaye]

The virus has a huge impact in our economy. Establishments are closed and we have to stop working (without pay) to not get infected so people are just counting for the relief goods given by the local government but its not enough. You dont get any problem if you have savings but to those who dont have this situation is really hard. Im not surprise when the market turns bearish because of the investors worrying for their investment so they panic sell and those who chose to give up their assets to have cash to spend for their daily needs.

[Stedsm]

Coronavirus is getting recovered in many cases and will get abolished if we all try and maintain safe distances from people who are infected. I don't think BTC plummeted due to Corona but it looks like bears needed a reason to dump it and so was the right time to do that. Rest was history and what we're seeing nowadays is totally different. You are correct in your point that we need to take care of everyone rather than getting stressed about the markets because these times will clear in near future and markets will stabilize and pump back, but those who lose their lives due to this virus won't be back.

[hahay]

It's hard not to panic when this pandemic continues to increase every day and we cannot assume this problem is a small problem, so I think it's natural that there is a panic that happened but over time at least, many efforts have been made and also the market has recovered slightly and with so, then the panic will be minimized because of good self-awareness and although panic occurs at the beginning, but at least it does not have to make us sell all the assets we have because after all the change will definitely happen and be patient.

[panganib999]

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.

Same, this is my first experience to know virus like this. COVID-19 is indeed dangerous and cause of many people's death especially elders with weak immune system. Well, the economic market we have are close to collapse but we are not yet there we can still survive. Most of the scientists and researchers are now formulating some vaccines or test kits for patients that are confirmed holder of the virus. Hoping that everyone of us will survive this crisis soon. Also, it is tough to not notice the sudden drop of the market but we know that maybe after this quarantine everything will be back to it's normal situation like before. For now, let's just focus on the people and let's focus on our family's safety. For the meantime, let's help our country to heal by staying at home, and be updated to government's advisories, also just have patience until this market to be fix again.

[pragna]

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,

Yes, you are right here. At present time people are more anxious about their life so in this time market is not a big factor. Market may falling down because of less transaction and for critical situation. No matter, hope it will recover one day but life is very important at this time. So everybody keep safe at home and wait for better days.

[cutesgirl]

Covid 19 make bigger countries like United State, Spain, Itlay and China down and their economic got cirisis, today after China have working recovery their corona virus now moving to United State where thousand people have been got corona virus and now Italy become most terrible country faced crisis.

[Wintersoldier]

Covid 19 make bigger countries like United State, Spain, Itlay and China down and their economic got cirisis, today after China have working recovery their corona virus now moving to United State where thousand people have been got corona virus and now Italy become most terrible country faced crisis.

In the US trumps already orders to go back to work in April 12 because their economy is starting to go down since there were lockdowns in their country, so i think there will be government in other countries who will follows trumps orders because not only the US who are experience the downfall of their economy.

[CarnagexD]

Covid 19 make bigger countries like United State, Spain, Itlay and China down and their economic got cirisis, today after China have working recovery their corona virus now moving to United State where thousand people have been got corona virus and now Italy become most terrible country faced crisis.

In the US trumps already orders to go back to work in April 12 because their economy is starting to go down since there were lockdowns in their country, so i think there will be government in other countries who will follows trumps orders because not only the US who are experience the downfall of their economy.

On that argument even you want to take back to your work you can't. because there are still a virus, they want to back again into their business in April 12 and still there is a virus spreading around so if you want to become wealth the economy secure the people first because the economy will not survive if all the people cannot go up to their bed because they are already infected still we need to consider our workers and people to become safe we cannot blame them they are scared too even they want to make earnings and bring back the economy to normal, it is just temporary so better to wait and hold back than risk your self just to earn money.

[Genemind]

I didn't know that this pandemic would affect and hit the global economy this hard. European countries are the most affected ones and we can't say that it won't affect the market itself. Most bigtime holders are now doing panic selling due to their fear that crypto situation might also get worse. Even smallholders are doing the same thing just to survive this crisis. I have realized that this pandemic would leave no exception so lucky are those who have saved something for their future.

[Kasabus]

I didn't know that this pandemic would affect and hit the global economy this hard. European countries are the most affected ones and we can't say that it won't affect the market itself. Most bigtime holders are now doing panic selling due to their fear that crypto situation might also get worse. Even smallholders are doing the same thing just to survive this crisis. I have realized that this pandemic would leave no exception so lucky are those who have saved something for their future.

This pandemic virus is greatly affecting the lives of the people losing their jobs and staying at homes with an empty stomachs. This is really a big threat to the people but when it comes to crypto market, i don't think it affects that much compared to physical businesses that are closed right now and losing their supposed income.

[gorge441]

I predict the market will increase soon.

[fabiorem]

Lets save lives by shutting down industry, commerce, everything, and increase unemployment by 2000%.
Lets save lives by printing ten gazillion dollars!

Food shortage and children starving is saving lives! It was all the fault of THE VIRUS.

[verita1]

Covid19 is a serious thing and we won't have a vaccine anytime soon.
The miracle of God through science is what will bring us back to normal. I do not imagine that we have to live all the time in fear of a silent enemy such as the Coronavirus Covid19. Many lives have been affected. The economy has partially stopped because we are at home to avoid being infected by the virus.

[Magkirap]

Covid19 is a serious thing and we won't have a vaccine anytime soon.
The miracle of God through science is what will bring us back to normal. I do not imagine that we have to live all the time in fear of a silent enemy such as the Coronavirus Covid19. Many lives have been affected. The economy has partially stopped because we are at home to avoid being infected by the virus.

Well as of now there is a vaccine that is quite promising treatment for the virus and i hope that it will be approved and be used asap because if this crisis continues then it will really leave massive damage until the virus is defeated, economy of multiple countries will fall especially those countries with highest confirmed cases of the virus, which results to people experiencing panic because crypto's market might go worse than it is now, lots of peopl's investment also ruined by the virus because some don't have enough money in their pockets right now so crypto is their one of last options but health always comes first so investment won't matter. I hope we'll see some light soon to this crisis.

[KrisAlex18]

Well said mate, we cannot kill this virus because ost of the people do not obey the rules of the government and they keep going outside so the chance of spreading the risk of the virus will increase. If we will still disobey our governement and will do the things we want without caring thw virus then for sure the virus won't stop spreading. If this things happen our economy will fall and it will be so hard for us to recover because this virus will really have a big negative impact to us.

Let us all help each other, do not go outside,just stay at home, let us coordinate to our government and kill the virus by staying at home.

[michellee]

Well said mate, we cannot kill this virus because ost of the people do not obey the rules of the government and they keep going outside so the chance of spreading the risk of the virus will increase. If we will still disobey our governement and will do the things we want without caring thw virus then for sure the virus won't stop spreading. If this things happen our economy will fall and it will be so hard for us to recover because this virus will really have a big negative impact to us.

Let us all help each other, do not go outside,just stay at home, let us coordinate to our government and kill the virus by staying at home.

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.

[Janation]

Well said mate, we cannot kill this virus because ost of the people do not obey the rules of the government and they keep going outside so the chance of spreading the risk of the virus will increase. If we will still disobey our governement and will do the things we want without caring thw virus then for sure the virus won't stop spreading. If this things happen our economy will fall and it will be so hard for us to recover because this virus will really have a big negative impact to us.

Let us all help each other, do not go outside,just stay at home, let us coordinate to our government and kill the virus by staying at home.

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.