Is the Corona drop over or will it continue?

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For some people, corona is just weapon to create new market direction by fear, they never take this corona news as indicator. But most people have general and right reason that corona should blame because this deep dump because of it, if bitcoin can't rise how the price after halving will go more deeper, bad for all of us. This deeper will not continue it just temporary, we only need patient and stay disciplines with our plan.

well indeed all the collapse of cryptocurrency prices at the exchange place and the collapse of the world economy did occur due to the corona virus outbreak because with this there are many people who are afraid to trade and prefer to secure their assets in any way that they do not want to stabilize the risk of losing their assets and exchange all existing cryptocurrency assets for fiat money.

[South Park]

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?

Most likely this is not over yet, the coronavirus panic is only starting in the the western hemisphere and while some measures are being taken to try to stop the spread of the disease most likely the virus will keep infecting people during the next weeks and this will create an even bigger panic and the markets will keep going down, personally I believed some time ago that at worst the price of bitcoin could go down up to 4500 and yesterday it reached 4000 for a short amount of time, if this continues I will not be surprised if we see another bottom at 3000.

[r32godzilla]

I think that we are at the very first beggining because just now government s ordered crisis situations that means reduction in a production that means economic recession, fear of investment, decline in stocks, bonds, but also cryptocurrencies will be affected. Then we will see more loans and printing new money, which will lead into a hyperinflation and perhaps at this stage, the crypto will start to have a real value!

[whiteblue]

For some people, corona is just weapon to create new market direction by fear, they never take this corona news as indicator. But most people have general and right reason that corona should blame because this deep dump because of it, if bitcoin can't rise how the price after halving will go more deeper, bad for all of us. This deeper will not continue it just temporary, we only need patient and stay disciplines with our plan.

and the fact that Corona did make the price of all stock or crypto markets bleed, I didn't even dare to look at the price yesterday, especially from the history of bitcoin down by more than $ 1,000 is the first time I've saw, hopefully everything will improve

this is the bloodiest decline in btc history because in two days btc prices dropped by $ 4,000, The corona virus effect really makes everyone afraid of investing in the real business industry or cryptocurrency. I didn't imagine it would be like this. Hopefully, before halving occurs, the price of BTC can rise again.

[Octular]

The declared National emergency gave some sugar to Dow Jones.

Feels a bit early to think the decline is over right? And not as sharp response in crypto (having in mind they have dropped steeper previously)

[Becky666]

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?

That has been the major problem if the medias, they created fear in the mind of the weak and try to distract the strong from their stronghold. This has been the issue affecting the global market where many things are currently taking place. The rate at which the entire financial institutions fell was amazing, even the said Bitcoin wasn't able to scale through this challenge too. Although, based on the restrictions place in some countries not to travel can be a helping hands that can be possible in handling coronavirus spreading. This will not last long, it will stay for the time being and not for long-term. Covid-19 is just for a short time.

[percy_tc]

My guess is current drop is nothing to do with Corona, this just a perfect theory to put it to. Whales are make you fool.

A huge whale group filling its pocket right now before halving.

[samcrypto]

My guess is current drop is nothing to do with Corona, this just a perfect theory to put it to. Whales are make you fool.

A huge whale group filling its pocket right now before halving.

This is also possible but I still think that corona virus affects the market at least a little. The virus is not over yet, in my country we are on a community quarantine starting March 15 so technically my government is just starting to make action to prevent the virus from spreading. Stocks are declining, and crypto as well but I hope the trend to be change once we survive on this virus.

[thiscomm]

in my opinion the corona virus will not give a big enough impact for the middle of the year. because like most viruses that have shocked the world, they were only viral and tranding when they first appeared. and when all the news disappears, the world will return to their activities. crypto users actually do not need to be afraid of being infected by the virus because they do not need to leave the house to work, just in the house and in front of their computers.

[swivel1983@gmail.com]

This virus of course raised a big fuss around. It also dealt a big blow to the economy and various markets, including cryptocurrency. But this is not the end. The market will definitely recover, the fall will not last forever.

[kawetsriyanto]

Like it or not, the reality is that the coronavirus has spread throughout the world and has had a tremendous influence on various sectors. No exception to cryptocurrency. Since the widespread of Corona Virus, the market suddenly very easily dropped dramatically, even in just a matter of days, the price of Bitcoin has really dropped to 5k. Will this continue? Or is it just panic for a moment? Whatever the conditions, hopefully, this coronavirus will be resolved faster and the market will return to normal as usual.

[senin]

Like it or not, the reality is that the coronavirus has spread throughout the world and has had a tremendous influence on various sectors. No exception to cryptocurrency. Since the widespread of Corona Virus, the market suddenly very easily dropped dramatically, even in just a matter of days, the price of Bitcoin has really dropped to 5k. Will this continue? Or is it just panic for a moment? Whatever the conditions, hopefully, this coronavirus will be resolved faster and the market will return to normal as usual.

In China, the number of patients with coronavirus has already declined. As far as the last days there are only a few dozen new patients. In other countries of the world the situation is still difficult, especially in Europe. However, unprecedented measures are being taken, many states have begun to close their borders, everything is being closed inside states, it may stop. Given that the percentage of deaths from coronavirus compared to the number of sick people is not so large, if the virus does not begin to mutate into more complex forms, then it should be defeated in the near future.

[letyouearn]

People can't make such dumps, they don't care about the virus when selling or buying BTC in fact. Huge pumps or dumps are made by the whales and other traders are trying to explain these manipulations with corona virus or some other world events.

[Utoy101]

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 coronavirus has undoubtedly causes a global crisis which has affected every nation, industries, sectors as well as every investment options. The stock market got really hit too, although lots of experts are insisting the crypto market counts among the least hit market but from where the market stands, if the epidemic disease isn't curb away as soon as possible, the global commece will get more uglier than this and we should expect more downtrends in the cryptocurrency market as well

[timmmers]

In the China situation become stabilized, but now the situation getting worse in Europe, so I would bet that we will see more dips in crypto, people won´t have money due to restrictions applied by governments. Economy is slowing down, production is lower so also stock market will crash. Just wait for the worst and when other become fearful, be greedy. 

[Twinkledoe]

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 coronavirus has undoubtedly causes a global crisis which has affected every nation, industries, sectors as well as every investment options. The stock market got really hit too, although lots of experts are insisting the crypto market counts among the least hit market but from where the market stands, if the epidemic disease isn't curb away as soon as possible, the global commece will get more uglier than this and we should expect more downtrends in the cryptocurrency market as well

If this will not be contained soon, the economic condition of many countries will really go down as more and more businesses are affected. So the pharma industry are in a race to find the vaccine and cure for this virus. Whoever gets the first commercial vaccine out, for sure they will earn tons of money but hopefully, it will be effective in curbing the spread of this COVID. Time is running out for most businesses out there.

[Crypto_lion]

If you are talking about the virus the best solution now is the containment as there is no vaccine available in the market right now . The economic impact will be hard and a bit long lasting than the virus itself , I think it will continue for the next quarter . So be strong and keep hold of the stock.

[Python Master]

Since the Coronavirus is still something new, it just appears 3 months, no vaccine against it. So the the situation now is very complicated and we can't know what will happen next. Italy and Europe are falling, world financial and crypto market will have high volatility these days.

[natefielding]

I guess it will continue even more as the other countries are just started to have people who's infected and more people who are infected are fleeing which results to a wider spread.

[retnocintaku]

The spread of this virus expands and ultimately affects the price of Bitcoin. Bitcoin's price drop in a day is able to reach 25% and I think a lot of people are losing money investing. I previously argued that this virus will not have a huge impact on crypto. Because with this virus many people will work at home and will be safer. And the best solution is to trade cryptocurrencies.

But WHO has announced that this virus includes a deadly virus. Many countries have stopped activities such as sports and tourism. So people today choose real money to shop for needs and medication to prevent Corona viruses.

Hopefully, this virus can be lost and crypto can also get back.