Is the Corona drop over or will it continue?

[Valzador]

There are really a lot of confusion and theories about the sudden drop of bitcoin's price that most of us think it is because of the corona virus and some says it is normal for bitcoin to make a sudden drop of movement to it's price. But all i know that bitcoin will not end there because 100% sure, bitcoin will recover back it's price soon.

I guarantee the price of bitcoin will rise again above 6k $ when the coronavirus has been declared finished. The question is, when will this epidemic be finished? No one knows when the end of the corona epidemic.

[shield132]

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?

Yes, Do Not Blame Corona, blame people's panic mode. I have no idea what these people are going to do. This is insane and very shameful, very, very shameful. People buy dozens of things from supermarkets and act like they have to close their doors for 1-2 months and don't go out, just eat to live at home.
Corona isn't that dangerous, it doesn't cause immediate shock, seizures, death and etc, so don't be so afraid and if you are healthy young don't close door forever.
We don't have to be in stuck at home and stop economy, this will be fatal, I think we don't need another great depression. There is no need of so huge panic.

Drop will continue because people stop economy and even boost it's fall because of their stupid behaviors.

[Renampun]

the spread of the corona virus hasn't stopped...
even researchers predict the highest peak in the spread of the corona virus is predicted to occur in late April. most likely the price of all crypto assets will continue to experience price declines.

[XCANA]

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?

Definitely the medias aren't helping issues, with a deep concerned in me personally, the medias have not been truthful whenever reporting issues that has to be more sensitive and important. The panic we have seen today was the result of yesterday media propaganda and themselves, if only the medias will retrace their  true meaning of existence in the world like this. They have already created the fear in the mind of the people and the people are now walking in the created fear by the medias.

[flagpara]

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?

Corona virus is out of control in Italy but China has declared that their infected people are decreasing day by day. If one country control it, than others country can do. Bitcoin price will recover when others country can control it. Every thing will be perfect if Corona virus is under control.

[adzino]

No one knows when the price "dropping" will be over. If everyone knew when it would stop, they would be rich by now, since they would know the exact time to buy and max out on the profit. But it kinda looks like the Bitcoin price has stabled a bit and managed to keep the price above $5,000 USD. But we can't be sure if the drop is yet over. As long as the situation of the world isn't solved and stabilized, the price of crypto currency is going to be extremely volatile.

[hahay]

I'm sure freefall won't happen again if there is something that can make this coronavirus disappear immediately and also, at least there has been news about vaccines related to this problem, hopefully there will be more positive changes in the near future if the vaccine is correct and can be mass produced because after all, this problem must be resolved quickly if we don't want this crisis to get worse.

[tippytoes]

I'm sure freefall won't happen again if there is something that can make this coronavirus disappear immediately and also, at least there has been news about vaccines related to this problem, hopefully there will be more positive changes in the near future if the vaccine is correct and can be mass produced because after all, this problem must be resolved quickly if we don't want this crisis to get worse.

Validating the potency of the vaccine can take 12-18 months according them. But starting this trial vaccination is already good news. I hope they will be on the way to finding the appropriate vaccine to stop people from panicking.

https://apnews.com/76b614811eef32955180c8260188bc24

https://www.nytimes.com/2020/03/16/health/coronavirus-vaccine.html

But, I don't know what to say about this graph. As China has declining their number in covid cases, the rest of the world is increasing. Are they still covering up something here?

[oscarftw]

Wow nice! This graph is showing that Chinese can manage to control this virus where rest of the world can't control. After rest of the world control it then if we could see bright effect on market. Then we can perfectly announce that for this drop 100% blame for coronavirus, Although we can tell it now.

[senin]

States are now taking unprecedented measures to combat the spread of coronavirus. This will bring its positive results and the coronavirus will be defeated after a certain time. However, forced measures to combat the coronavirus will lead to a significant decline in production and the entire world economy, and in the future may lead to a global economic crisis.
A vaccine against coronavirus has already begun to be tested in the USA and Italy, and a previously applied remedy for rheumatoid arthritis also gives a good effect.

[zaim7413]

If there is more people infected in the virus for sure the market will continue to go down but I believe this is just temporary, this corona virus will end let's just stay our home for safety.

Keeping yourself safe is necessary, but you don't have to stay at home forever, because you also need to work outside, even if you have to stay away from crowds of people and keep a minimum distance of one meter when outside the home.

[Ruso21]

I'm sure freefall won't happen again if there is something that can make this coronavirus disappear immediately and also, at least there has been news about vaccines related to this problem, hopefully there will be more positive changes in the near future if the vaccine is correct and can be mass produced because after all, this problem must be resolved quickly if we don't want this crisis to get worse.

Validating the potency of the vaccine can take 12-18 months according them. But starting this trial vaccination is already good news. I hope they will be on the way to finding the appropriate vaccine to stop people from panicking.

https://apnews.com/76b614811eef32955180c8260188bc24

https://www.nytimes.com/2020/03/16/health/coronavirus-vaccine.html

But, I don't know what to say about this graph. As China has declining their number in covid cases, the rest of the world is increasing. Are they still covering up something here?

in some part they cover real information and show what they want, remember that China is communist and everything is controlled by the government. 

answering your question from the chart, it is more likely because many cities was in quarantine and up to date some still ongoing.
the lock down lead to 0 movement outside, if a person was caught outside without authorization, that person would be paying a big fine.

now besides from Asia, every continent are ignorant and don't care about taking prevention. lot of people are not used to use mask and avoid crowded places, now you have the result in each country. 

[aioc]

We have hopes right now they have discovered an existing drug to cure Corona virus
Drug being used to treat flu in Japan is 'clearly effective' in treating coronavirus, Chinese officials claim they are still testing it but based on their early testing it is very effective Favipiravir, the active ingredient in a Japanese anti-flu medicine called Avigan, was trialled on 340 patients with the killer disease in China.

Patients who took Favipiravir recovered quicker and showed greater lung improvement compared with patients not given the drug.
https://www.dailymail.co.uk/news/article-8125513/Drug-used-treat-flu-Japan-clearly-effective-Chinese-officials-say.html


We'll now wait if they mass-produced this, we badly needed something like.

[shadowdio]

We don't know how long this pandemic will stop, the market can collapse again anytime if the numbers of infected is increasing. I heard that some countries already making drugs for corona virus, I hope that they can make it successfully in a short time so that the market will be better.

[ife2020]

I think for now, the drop will continue temporary.
At the moment, all markets in the world needs a positive push, be it stock market, gold market, oil market or  crypto currency market, they need a positive news that stops people from panicking and selling off to survive

That way, the drop will stop and things get back to normal.

[skeleto88]

Corona virus has become pandemic and slowly entering every country in the world, as long as there are undecplined community that don't follow the any precautionary measures being implemented, the outbreak will continue to cause chaos not only in human society but also in business community.

[cryptothreads]

Corona virus has become pandemic and slowly entering every country in the world, as long as there are undecplined community that don't follow the any precautionary measures being implemented, the outbreak will continue to cause chaos not only in human society but also in business community.

I think this epidemic will last for a long time and will take a lot of time to find the vaccine. Currently the entire economy of the world is collapsing and many large businesses have declared bankruptcy during this time.

I just hope it can end soon because I feel so depressed because I can't go out. Anyway, everyone here just waits and hopes after the vaccine everything will be back to normal.

[TheICE007]

The Corona drop isn't over,I I want to believe it will be very soon,since all hands are on desk trying to get a vaccine for it's remedy. The panic of this virus eat into so many sectors of finance,the oil sector,the stock and even our crypto wasn't lest it,and it really caused a fall in the market. Hopefully sooner than we think,it will be a thing of the past.

[tippytoes]

I'm sure freefall won't happen again if there is something that can make this coronavirus disappear immediately and also, at least there has been news about vaccines related to this problem, hopefully there will be more positive changes in the near future if the vaccine is correct and can be mass produced because after all, this problem must be resolved quickly if we don't want this crisis to get worse.

Validating the potency of the vaccine can take 12-18 months according them. But starting this trial vaccination is already good news. I hope they will be on the way to finding the appropriate vaccine to stop people from panicking.

https://apnews.com/76b614811eef32955180c8260188bc24

https://www.nytimes.com/2020/03/16/health/coronavirus-vaccine.html

But, I don't know what to say about this graph. As China has declining their number in covid cases, the rest of the world is increasing. Are they still covering up something here?

in some part they cover real information and show what they want, remember that China is communist and everything is controlled by the government. 

answering your question from the chart, it is more likely because many cities was in quarantine and up to date some still ongoing.
the lock down lead to 0 movement outside, if a person was caught outside without authorization, that person would be paying a big fine.

now besides from Asia, every continent are ignorant and don't care about taking prevention. lot of people are not used to use mask and avoid crowded places, now you have the result in each country. 

I agree with that. Imagine, Italy surpassed the number of deaths as compared to China. But there are some leakages that the real number is not what the Chinese gave to the public. There were deaths that are not accounted to their list. Relatives claiming that their relative's death is not included in the official list. Definitely, the number is higher as given in the statistics. But we will not know the real figure here because Chinese are known to cover up sensitive information.

[wxxyrqa]

It seems to me that China has demonstrated how to deal with the coronavirus pandemic, and it was the Chinese people who first encountered this problem.  The governments of other countries, as well as their people, should use all available information to take into account the mistakes of others, and not learn from their mistakes.  The fact is that while China was fighting the coronavirus, other countries were watching what was happening, but it was necessary to prepare and not wait for the problem to come to our house.  That is why in Italy the problems are even worse than in China.  And only after the information received about Italy did the whole world react to the problem of the coronavirus pandemic with seriousness.