Is the Corona drop over or will it continue?

[South Park]

The Corona drop isn't over,it can only be over when a cure is found out, presently so many people are dumping because if panic,that has also brought crypto down too,the Corona drop did not only affect crypto but also affected the stock market and even the oil sector,but people who have money should use this opportunity to get their best coin now while it is at the bottom.

The recovery of the market will begin way sooner than that, right now the virus is out of control in Europe and that is an issue since many of the biggest economies of the world are there, however once the cases of corona virus go down you can be sure the markets will notice and recover somewhat, but if things do not improve I will not be surprised if we saw another dramatic drop during the next weeks and the market of cryptocurrencies will most likely suffer negative effects if that happened as well.

[Tahsin Kabir Kollol]

Bitcoin price moves up and down continuously all the time. But the current situation is different and I think that this drop is not normal and there is some effect of coronavirus. If the world situation becomes more critical then the price of bitcoin can be decreased more. But after a huge drop, the bitcoin price becomes stable and I think, If the world recovers from coronavirus then the bitcoin price will reach high very soon.

[mirakal]

Bitcoin price moves up and down continuously all the time. But the current situation is different and I think that this drop is not normal and there is some effect of coronavirus. If the world situation becomes more critical then the price of bitcoin can be decreased more. But after a huge drop, the bitcoin price becomes stable and I think, If the world recovers from coronavirus then the bitcoin price will reach high very soon.

IMO, the world is already in critical condition right now, there's been an economic collapse already, the stock market collapse as well and that is what we called the effect of the global pandemic, but in crypto market, it seems not so correlated as it's quite stable now and it showed some signs that will be bullish in the coming days.

I know we have different opinion on this, but I like to keep my trust on crypto and remain optimistic that the market will not only survive but will grow as well amidst the current market condition.

[Saisher]

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 market is still in a volatile position I don't see it turning to bull in the next two months, unless they announced that the vaccine is ready to manufacture and inject to those infected, the market is still in volatile position and we are on a await and see mode now waiting for the virus to be contain or get the vaccine in the market.

[BeginToMine]

Corona virus is coming to an end. Some countries are not getting new cases unlike before and some that have cases are getting stronger health wise because of the new treatment method and awareness. People have learnt to take precautions and are abiding. Hopefully it will end soon and market will bounce back as before. I really can't wait for this to vanish.

[Rodeo02]

Corona virus is coming to an end. Some countries are not getting new cases unlike before and some that have cases are getting stronger health wise because of the new treatment method and awareness. People have learnt to take precautions and are abiding. Hopefully it will end soon and market will bounce back as before. I really can't wait for this to vanish.

If you look all other big country like USA italy and spain those country is too much affected in this virus the dead count on those county also increasing day after day. There are many new cases even here in my country to early to say it will end soons as long there are many many people infected it will continue.

[shoreno]

Corona virus is coming to an end. Some countries are not getting new cases unlike before and some that have cases are getting stronger health wise because of the new treatment method and awareness. People have learnt to take precautions and are abiding. Hopefully it will end soon and market will bounce back as before. I really can't wait for this to vanish.

If you look all other big country like USA italy and spain those country is too much affected in this virus the dead count on those county also increasing day after day. There are many new cases even here in my country to early to say it will end soons as long there are many many people infected it will continue.

this is what im also going to reply  .  others are ok now but others are still becoming worst and worster as the day passes by and i also heard that fronliners and country leaders are now giving up ? oh no  . if they give up then those country can become doomed but lets hope that people from other countries will show thier support and help those who are in need the most  . we can do this , we can stop this problem but the problem of cryptos will stll be there even if theres no more corona  . i mean there is no guaranteed that crypto will now recover if ever corona will permanently end

[Reatim]

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.

Oils and stock market is one first reason and followed by Corona Virus,or maybe stocks fell down because of this virus as well because investors react so fast before this hits them right?

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

actually at first people did not take this seriously,even there are too much death toll in china last year still countries around the world did not make reaction until they become the victim also.

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?

seems liek the issue is subsiding maybe because now world is facing the crisis seriously and together ,with all their resources we can fight this virus.

[awakpane]

Seeing the economic situation in the world currently experiencing a slump including digital currencies due to the spread of coronavirus. but if we look at the spread of the virus happening, then the best solution for buying and selling is to use digital currencies, because digital money cannot be infected with the coronavirus. we hope that the coronavirus will end soon and the economy will start to recover and the price of the cryptocurrency will continue to increase significantly.

[rdewilde]

From my own view this question of if we will still continue to freefall is a matter of one thing, which is finding a cure for this virus and this alone will change the world market in a huge way because positive news is one of the driving force in any market. So therefore, I might not say we are out of the bear market or when it will be over but I can say there are huge chances of us getting out as cryptocurrency market has proven to be better than other markets.

[Bonwin]

Over time, occurrences like this affect most investments generally and I think cryptocurrency is one of those likely to be affected. How the market responds to it, is dependent, not solely on the pandemic, but by how we handle it. Most of the times, people panic when things like this happen, which was why we saw the market fell so drastically, but there was also a quick recovery. Which means that we quickly realized that it should not have much to do with what is happening and for that, I do not think the market will fall further.

[tbterryboy]

Yes, there are lots of articles online that are saying that corona virus is not the reason why the price of Bitcoin has fallen to this low price, but I don’t believe all that. This is something that affected every other thing and not just Bitcoin, just like you have said – Dow Jones fell from the top to a low price, gold was going up the earlier time and at the end it fell to a lower price, same thing with silver, Bitcoin and lots of other cryptocurrencies.

So, I don’t know why anyone would say that this pandemic wasn’t the cause of it. The important thing now is that we should all pray for things to get better and nothing else.

[Winscosinally]

I don't believe that Coronavirus has nothing to do with the loss in value that's been happening right when Coronavirus goes public, those who says such don't know what they are saying, not until the virus is cured there will be further losses in crypto soace

[BitTraderCute]

i think corona virus drop still in eyes. uncertainity and fear still shadowing in market although many countries issued stimulus to protect their industry and citizen. and many negative effect from this case, we will see news about miner closing that caused employes suffered virus. i heard in US , giant miner already close their operatio and maybe will be overtaken by other company.

[travwill]

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?

Rather, the media is working in the opposite direction, catching up more and more danger and panic.
It is difficult to say whether the fall stopped. Indeed, in many countries quarantine has just begun, which means that problems with the economy will come to light in the very near future, which could fully provoke a new wave of decline.

[olabiyijummy02]

The Corona impact and pandemonium isn't finished at this point as more setbacks are recorded on regular routine. More casualties of Corona. This drop won't end until we see as far as possible of Corona. The digital currency in general is being influenced intently same as the securities exchange's. Indeed, even the gold and oil market isn't in exception as they all by and large experience the ill effects of this flare-up. We must be confident that this finishes soon

[firmino10]

So the crypto market or different markets will keep on having a much more dreadful impact if coronavirus keeps on existing right now, despite everything keep on foreseeing this virus now as though they don't have anything to do in light of the fact that this virus is along these lines by one way or another this virus must be destroyed from the face this world since I need to be normal as I used to do outside exercises or in the crypto trade I realize this is difficult to state on the grounds that the vaccine to recuperate hasn't been found so researchers are as yet attempting to discover it.

[lienfaye]

So the crypto market or different markets will keep on having a much more dreadful impact if coronavirus keeps on existing right now, despite everything keep on foreseeing this virus now as though they don't have anything to do in light of the fact that this virus is along these lines by one way or another this virus must be destroyed from the face this world since I need to be normal as I used to do outside exercises or in the crypto trade I realize this is difficult to state on the grounds that the vaccine to recuperate hasn't been found so researchers are as yet attempting to discover it.

It has an impact to the market and to our economy and if this were not resolve it would be a problem for each country as many people are suffering. We all hope the medication for this virus soon be discover by the health professionals so that we can put this to an end. Currently here in our country its holy week but it seems it was like a normal day because we cant go outside and do what we used to during this time. It just sad that lockdown seems not fully working due to people who dont follow the rules, each day the infected is still increasing here.

[kkofor]

So the crypto market or different markets will keep on having a much more dreadful impact if coronavirus keeps on existing right now, despite everything keep on foreseeing this virus now as though they don't have anything to do in light of the fact that this virus is along these lines by one way or another this virus must be destroyed from the face this world since I need to be normal as I used to do outside exercises or in the crypto trade I realize this is difficult to state on the grounds that the vaccine to recuperate hasn't been found so researchers are as yet attempting to discover it.

This year is predicted to be a crisis year to the global economy and many people will surely be unemployed during this time because there is no work for them. Ever since the coronavirus came out, I have become more and more financially struggling and am borrowing to be able to continue living in this difficult situation. In addition, I also spend a small amount of money to invest in this market to earn more profits.

[NavI_027]

Ever since the coronavirus came out, I have become more and more financially struggling and am borrowing to be able to continue living in this difficult situation. In addition, I also spend a small amount of money to invest in this market to earn more profits.

How ironic that you are spending to invest in crypto but borrowing money for sustaining your daily expenses at the same time. I think it was a bad move mate because you might get buried in debt. I am not saying that your money management is bad but much ideal or safe to invest solely from your own savings so that if you unfortunately lose then at leatd you don't have any obligations to anyone. If you can't really afford to do both things simultaneously then focus on most important first — that is surviving your daily life .