Is the Corona drop over or will it continue?

[Octular]

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

[VDraci]

It seems like the media aren't helping at all, they are the reason there is panics all around the globe right now, more over how many stock holders or crypto holders died from Coronavirus if I may ask? I guess none so why all this?

[Charles-Tim]

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

The corona virus is devastating the price of cryptocurrencies, crude oil and stock market. Some people said there could other reasons of the fall of cryptocurrencies. It can be an indirect link to corona because investors can think that people will trade cryptocurrencies  for fiats in oder to be secured against the virus. As the market is declining, other investors are converting there cryptocurrencies  into fiat or stable currencies now. So, in my opinion, the fall of market is directly and indirectly linked to corona virus outbreak.

[Raflesia]

The panic will definitely continue to exist because the corona virus has existed in various countries so there is a lot of news everywhere so that the panic will continue so even I see this news on TV every day.

I do not know whether crypto is the cause of all this because no one has completely denied the cause of the corona virus.

Of course, if the global economy is paralyzed because each country has been affected.

[reallester]

The Corona effect and pandemonium isn't over yet as more casualties are recorded on daily basis. More victims of Corona. This drop wont end until we see to the end of Corona. The cryptocurrency as a whole is being affected closely same as the stock's market. Even the gold and oil market isn't in exemption as they all collectively suffer from this outbreak. We can only be hopeful that this ends soon.

[TravelMug]

Really hard to tell at this point, every time we see new cases being reported by the media, it seems that all the global markets react. Currently, the price is around $7300, just 24 hours ago, it looks like we have survived and bounce back already because we touch $8k. Although it is not the only factors, there is the oll war as well, triggering another set of sell-off around traditional stock markets.

So for now, nothing is certain, everyone is taking precaution, as much as we don't like to see a market bloodshed, it might continue in the next couple of days if the epidemic is not contain.

[Sterbens]

Really hard to tell at this point, every time we see new cases being reported by the media, it seems that all the global markets react. Currently, the price is around $7300, just 24 hours ago, it looks like we have survived and bounce back already because we touch $8k. Although it is not the only factors, there is the oll war as well, triggering another set of sell-off around traditional stock markets.

So for now, nothing is certain, everyone is taking precaution, as much as we don't like to see a market bloodshed, it might continue in the next couple of days if the epidemic is not contain.

See the current market conditions only need a few hours bitcoin down to $ 6200 maybe this is a big impact on the stock market so this is a whole including the global market too, really worrying if the crypto market is still like this in the next few days.

Maybe many people are better off preventing and holding real money than in shares or other crypto. The market is now unstoppable.

[Octular]

Really hard to tell at this point, every time we see new cases being reported by the media, it seems that all the global markets react. Currently, the price is around $7300, just 24 hours ago, it looks like we have survived and bounce back already because we touch $8k. Although it is not the only factors, there is the oll war as well, triggering another set of sell-off around traditional stock markets.

So for now, nothing is certain, everyone is taking precaution, as much as we don't like to see a market bloodshed, it might continue in the next couple of days if the epidemic is not contain.

The epidemic will definitely not be contained in the next couple of days, I'm guessing months.
Crypto is in freefall for sure $6270 BTC and ETH at $138

[carlisle1]

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

it is not over and continues to effect the system,Look at the market now?Bitcoin falling 20% and ethereum 28%?

how can we see the fall tomorrow if this is the thrend?

i had made mistakes in decision making because i supposed to withdraw last week but i denied and now?all i can do is Buy again but cannot sell since this is very bad market to sell off.

[fuer44]

maybe you have read it but I just expressed my opinion, actually this looks like a conspiracy that occurred between large countries. We certainly remember how the stock market crashed in 2018 and continue to this day where big investors in the US came out, even though Trump had already anticipated this.

Then the situation continued when the issue of American conflict and Iraq could create an issue that is not good for the global economy. and now we have clearly seen how the corona virus so makes the world panic. the airline that has received the impact. it may take up to 1 year to find the vaccine.

here I do not want to say that the virus is the only problem of the world, but the economic impact after this event that looks very "sequential" from 2018 then until now. just imagine if as long as the corona virus is still around, say for one year and all import and export activities are stalled, the country will experience chaos in terms of staples and that will result in an increase in the selling price of goods, and a decrease in purchasing power for goods so that there will really be a crisis. maybe it can also have an impact on the crypto market too because if the economy goes down, the purchasing power of crypto will also go down while the selling power will definitely go up.

[Octular]

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

it is not over and continues to effect the system,Look at the market now?Bitcoin falling 20% and ethereum 28%?

how can we see the fall tomorrow if this is the thrend?

i had made mistakes in decision making because i supposed to withdraw last week but i denied and now?all i can do is Buy again but cannot sell since this is very bad market to sell off.

I'm in the same boat as you being more or less fully invested. I'm being hit hard both in the crypto market and in the stock market. Feels awful to sell now, at the same time I think this will continue.

[20kevin20]

It's going to have an effect for quite a long time IMO. The same thing happens with fiat, but nobody talks about it.. or at least it happens here in Romania. Didn't food become more expensive in the past few weeks in your country too? That's fiat losing its power, which is exactly the same thing as Bitcoin losing it. Something very natural and normal during hard times.

I've calculated the expenses a 4-person family must make in order to be +90% prepared for a pandemic. It's huge and a lot of people do not have enough money put aside to spend on prepping. Wait for this hysteria to calm down a bit and we'll most likely see opposite (positive) changes.

[Yaunfitda]

One of the worst day in crypto I would say, two days ago it was S&P who suffered the most of this epidemic and then crypto today. We can't tell when this is going to stop, bitcoin -20% and ethereum -30% and the bloodshed still continues as I type this message.

We might see another downward spiral and no one can tell when this panic selling will stop. The only thing we can do is wait and hope, and just HODL and don't panic and let everything settles down.

[Fallenkeith75]

One of the worst day in crypto I would say, two days ago it was S&P who suffered the most of this epidemic and then crypto today. We can't tell when this is going to stop, bitcoin -20% and ethereum -30% and the bloodshed still continues as I type this message.

We might see another downward spiral and no one can tell when this panic selling will stop. The only thing we can do is wait and hope, and just HODL and don't panic and let everything settles down.

Yep, personally i'm planning to buy some crypto considering it dropped so fast. Normally when a flash crash happens, there's a bounce back upwards, but I do have to say it's pretty alarming to wake up to a -30% drop in Ethereum when I check my wallet(s)

If it goes back to $3k-$4k then that would be an ideal buying point imo, especially with the halving coming up pretty soon

[rahmatullah9305]

It seems like the media aren't helping at all, they are the reason there is panics all around the globe right now, more over how many stock holders or crypto holders died from Coronavirus if I may ask? I guess none so why all this?

This is all more to the conspiracy of real economic competition, so that it penetrates into the realm of crypto, because large investors are afraid to make new investments in crypto, and they also prefer to pull all crypto assets into tangible form.

[Octular]

It seems like the media aren't helping at all, they are the reason there is panics all around the globe right now, more over how many stock holders or crypto holders died from Coronavirus if I may ask? I guess none so why all this?

Why does it matter if the stockholders or crypto holders per say are dying? It's affecting the market. Businesses cannot continue with their operations, people isolate themselves (=do not spend money in the same way), stores and shops closes, social events are cancelled, people don't fly.
A lot businesses will go bankrupt because of this, and a lot more will see significant impact on their Profits. Of course this should have an impact on stock prices. A bit unclearer however why crypto is being hit as hard, but I guess they are just dragged along.

[kaneki007]

Yep many are predicting the market will go down in the next few days to support 4500 $, I'm a little surprised to see the market down to almost 1000 $ in just a few hours and almost all crypto has decreased by 30% and there are even some that touch ATL. So now we can only hope that everything is finished quickly, including Corona Virus can be overcome and not spread again.

[ballerin and giroud]

If the coronavirus is the reason why all cryptocurrencies price decreased, then where the user put their money? Money fiat? No, korea have burned their money fiat to prevent coronavirus. Or are you thinking that the user put their money into some stock? Then you are wrong as well. Most of stock exchange have been decreasing as well. I don't think that coronavirus is the reason why the price decrease, it is just a plague and will not give any bad impact for cryptocurrency price.

[cytpoway121]

It's not over yet, and people are panicking alot.

The world stock and economy has crashed a little and how it affects bitcoin ultimately baffles me, because every thing is on the down trend.

This time is a time to stay healthy, safe, wash your hands always and check through the trades to pack the bottom of tokens

[ven7net]

Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.

It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.

Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?

I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?

I want to note one important factor. The crisis has long been outlined, but many "experts" said that this will not happen or will be, but not now. But as practice has shown, everything happened right now when no one believed in it. In general, they again deceived everyone and once again showed that it is impossible to believe everything that they say. And where does the Crown virus? I believe that the Crown in this case is an occasion and for many an excuse for its failures or, moreover, deception, which has been going on for a very long time. Right now we can see how strong these or those companies, countries and their economies are. The world has already changed, just now everyone will see it.