More Damages to Crypto Market

[Diamond_Darrell]

If this Coronavirus of a thing continues like this then do not expect anything good from Bitcoin halving in May or after May because it seems Bitcoin will keep going down from now on, damn no one saw this coming either way, I never expected a new virus to change the fate of Bitcoin and crypto market this year, the very year I've been waiting for, so sad 

Yeah, the terrible coronavirus pushes prices first up, then down, then up again))) Does simple flu or tuberculosis not move prices up and down)? Every year, the whole world is affected by epidemics of acute respiratory infections (people die as well) And the press is silent and no one panic, and now everything is as if on command about the same thing.

at this time although the corona virus is not the top cause of death, because there are still other diseases that are more dangerous, but the spread of this virus is quite fast and can spread throughout the world. therefore it stops the economic sector because of reduced human activity, to kill the virus for at least 2 weeks

This does (stops the economic sector) not a virus, but live people do, deliberately lowering the value of the shares of these enterprises. A little later, the information noise will subside, people will return to their previous lives, the virus will not go anywhere and companies will be bought up at low prices)

[CHENIEN]

Unfortunately, when coronavirus spread, not all consumers are affected and the largest amount of stock market level of goods are steady, probably these following months the trade volume has been down seriously but there still waiting for recovery, since the virus became a constant part of the news cycle,  community are afraid to their gold, because of this outbreak.

[cassavachips]

Although it is true that bitcoin will continue to fall towards halving in a few months but I still believe in the hopes of the future, not to worry because this disaster is a world problem so everyone will try hard and quickly to solve it. Stay with dream.

[bgaf]

Unfortunately, when coronavirus spread, not all consumers are affected and the largest amount of stock market level of goods are steady, probably these following months the trade volume has been down seriously but there still waiting for recovery, since the virus became a constant part of the news cycle,  community are afraid to their gold, because of this outbreak.

I dont think it will easily receding market are affected when economic scale is at risk. Viruses like corona are deeply targeting not just the global economy but also thr market for crypto since most people are being persuade to trade in for cash for buying goods and stuff needed especially medicals. How many those people involved in crypto got positive? Im surely some or most of them are pulled out their asset for this.

[rathaha10]

If this Coronavirus of a thing continues like this then do not expect anything good from Bitcoin halving in May or after May because it seems Bitcoin will keep going down from now on, damn no one saw this coming either way, I never expected a new virus to change the fate of Bitcoin and crypto market this year, the very year I've been waiting for, so sad 

From where cryptocurrency market stands, this bear will be here for quite some time so far the global crisis and the pandemic coronavirus continues. With each passing days, more and more global activities are being closed, organizations, workplaces, industries to mention just few. One thing with this crisis is that not only cryptocurrency market is being affected but every investment option out there.

[TheMystic]

i still see bitcoin doing better even with the corona virus crisis, the market is bound to be his way, it only have to come through the corona virus crises, which i believe will bounce back soon. we have seen cases like this in the market for years past and it still balances back to make everyone happy. this is he time for panic and weak hands. while many dump, many buy back for the good days to come.

[inanilujimi]

sometimes what we plan is inversely proportional to reality. don't we already know that the crypto market is very sensitive to good and bad news, we just wait for the next good news so I'm sure the market recovery will follow.
do not force circumstances that can not be controlled but just follow the current that is currently running.

[kakamrul]

Bitcoin plummeted on Thursday amid wild volatility in cryptocurrency markets, with traders citing a sell-off across assets as fears of the economic damage from the coronavirus pandemic take hold. Bitcoin has lost over 30% of its value in the last five days, outpacing sharp losses for assets from stocks to oil as the pandemic wreaks havoc on the daily life of millions. Bitcoin’s slump underlines nagging questions over its practicality as a currency, or as a stable store of value. Those concerns, as well as worries on regulation, have kept mainstream investors away, But it is recover as soon as possible.

[wozzek23]

Why do people think that when the whole world economy is collapsing, bitcoin prices should go up? I mean I can understand if it was local thing but this is GLOBAL, as in all of the world is in panic right now and everyone is afraid of either dying or infecting their elderly, so of course the whole economy is collapsing and it will get worse as well.

How could bitcoin be higher during all of this? People are selling literally their possessions to get tested and get better, they are hoarding many products to stay inside, they need money constantly. I mean this is of course affecting crypto, how could it not. The only possible thing that maybe could have gone unnoticed was gold because usually gold goes up during times like this but even that is low right now.

[vvu351]

Why do people think that when the whole world economy is collapsing, bitcoin prices should go up? I mean I can understand if it was local thing but this is GLOBAL, as in all of the world is in panic right now and everyone is afraid of either dying or infecting their elderly, so of course the whole economy is collapsing and it will get worse as well.

How could bitcoin be higher during all of this? People are selling literally their possessions to get tested and get better, they are hoarding many products to stay inside, they need money constantly. I mean this is of course affecting crypto, how could it not. The only possible thing that maybe could have gone unnoticed was gold because usually gold goes up during times like this but even that is low right now.

I also think that the price of Bitcoin will still fall to the level of 4000 dollars. Perhaps we will see even $ 3,000 and this will be connected with the global financial crisis. While you need to wait and not rush with the purchase.

[mrdeposit]

Why do people think that when the whole world economy is collapsing, bitcoin prices should go up? I mean I can understand if it was local thing but this is GLOBAL, as in all of the world is in panic right now and everyone is afraid of either dying or infecting their elderly, so of course the whole economy is collapsing and it will get worse as well.

How could bitcoin be higher during all of this? People are selling literally their possessions to get tested and get better, they are hoarding many products to stay inside, they need money constantly. I mean this is of course affecting crypto, how could it not. The only possible thing that maybe could have gone unnoticed was gold because usually gold goes up during times like this but even that is low right now.

I also think that the price of Bitcoin will still fall to the level of 4000 dollars. Perhaps we will see even $ 3,000 and this will be connected with the global financial crisis. While you need to wait and not rush with the purchase.

I don't think so. The price can go to $8000 without the bounceback. The $3700 was the dippest point of the latest price drop and the markets will go to the higher points for testing the new resistance levels. The price is going to touch the $8000 and later the $10000 will be tested by the BTC price, in my opinion.

[akwfleaspirit]

Either coronavirus or not, this is meant to happen, it's just like history repeating itself, coronavirus is just a coincidence to the crypto market. But I think it's time for the panic to stop, let's be patient and the market will bounce back. There is coronavirus, yes! It affected market, yes! But the panic is too much. Am sure the market will be back in matter of months. It's just to be patient.

[cute nmp]

Definitely more damages is going to occur to the crypro-market as a result of the Corona virus many people arepanicking due to the outbreak of the disease that has taken over all over the world even the stock market is suffering so much losses as a result of this.We can all hope that the virus will stop so that all things can go back to normal.