Is the Corona drop over or will it continue?

[shaheer001]

Who are trading in Crypto market all are human? Then definitely Corona effected the Crypto market too as there are millions of people(maybe Crypto traders) whose families are infected due to this Virus and some there supportive also busy so at least The Corona affected all the fiat and crypto market as almost All new project has delayed there IEO schedule.

[jossiel]

~snip~
And as it relates to the market, there will be more drops that has been said by many but I don't rely to them.

Coronavirus affecting all over the world. The virus has hit the global economy, Global economy is just stuck only for this pandemic. you know that, most of the well-known cities are totally locked down now.  people are unable to do work. stock market has just fallen down. You can't neglect this, if this situation continues, there are awful times ahead for us in the future.

I know but I choose not to believe that there will be more drop soon. I'm aware of that but I'm fighting mind games on my own style. This is for bitcoin's economy and we're entirely affected too and we can just deny it.

It's either you will push yourself to have that negative feeling because of the impact that corona virus is giving to us. We can avoid it through thinking positive and also by buying appropriately at the bad times.

[onrise]

Who are trading in Crypto market all are human? Then definitely Corona effected the Crypto market too as there are millions of people(maybe Crypto traders) whose families are infected due to this Virus and some there supportive also busy so at least The Corona affected all the fiat and crypto market as almost All new project has delayed there IEO schedule.

Virus has affected almost all the people in the world in some way or other and crypto is no different from this. This will continue for next couple of months as daily there has being rise on the number of positive cases including China as well. Though number in China is a question to many media and people as well but in other countries the cases are growing quickly, and this remains the cause of concerns for the world.

[Bitcoinislife09]

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, 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.

Surely it really making the market price drop over because of the survival if we cannot survive the lockdowns in our country that is surely needed funds to sustain our living putting us in a situation where we need to sell off some of our investment.

I guess the media could not do any good to stockholders and coins. With the news that the media is giving to the netizens they are all panicking that makes the stocks and bitcoin market value to subside. If the corona virus will continue the stocks will probably continue to subside that is why this corona virus must be defeated as soon as possible. Many people will suffer a lot and may have a lot of loss if this pandemic will continue. The crisis that we are experiencing right now might become worse, that is why we need to be one so that we can be healed as one.

[kang_kung]

I think till we developed a vaccine, Corona will stay no matter how the government with their aid, lockdown, social distant,...
This means that the market will continue to freefall with some up but overall downtrend till there is a vaccine.

[kynaz]

I think till we developed a vaccine, Corona will stay no matter how the government with their aid, lockdown, social distant,...
This means that the market will continue to freefall with some up but overall downtrend till there is a vaccine.

In fact, vacccine is the safest way to assess the current situation of the entire economy and hope that modern countries can solve this problem soon because everyone in the world is very hurry waiting. I just want my life back to normal because now I have a lot of financial difficulties and no one can lend you money during this time.

[bearexin]

I think when corona slows down enough that people starts going back to work, stock markets will see that as a good sign and even before anything else happening it will go up.

Think about it, right now investors are reacting like the world is ending and they are not really all that wrong considering just under 2 million people are infected and over 100k people are dead and we are talking about 100+ million people all staying at home every single day (probably close to a billion now) so investors act like the real deal, however one day the virus will have like less than a thousand people infected and only few people dead which would be regular numbers and not really all that troublesome and there will be a cure or a drug, at which point the prices will start going back up.

[Mealea]

There is no doubt that corona has really affected the performance of everything including crypto market. The way am looking at the rate at which the pandemic is spreading is not looking like it will be over soon and it may affect our expectation of crypto this year.

[TopT3ns]

There is no doubt that corona has really affected the performance of everything including crypto market. The way am looking at the rate at which the pandemic is spreading is not looking like it will be over soon and it may affect our expectation of crypto this year.

I see many world economic conditions which in my opinion this epidemic have made the world economic ecosystem difficult because there are so many countries locked up so that many digital currency assets are falling, indeed the price of digital currencies can go back up a long time because it is not easy to raise prices.

[Tylev]

the whole world is being haunted by a corona outbreak and we all don't know what this deadly virus looks like. so do not be surprised if people around the world feel panic & anxiety during the corona outbreak has not been resolved. if not mistaken like China (wuhan) has completed the corona virus and hopefully as soon as possible other countries affected will also resolve this corona problem.

Unfortunately, while we do not see real success in the fight against coronavirus. About one and a half million people are already sick, and in China, the outbreak of the virus began again in the second round. In the United States, the coronavirus pandemic has become rampant. If by the fall we will be able to overcome the coronavirus with a new vaccine, then it will be good.

[Eplus_Team]

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

It could be a huge whale group filling its pocket right now before halving.

[Tomcolor]

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?

Maybe can it, because more people died for this virus corona, even you know almost world now stop for it. Do you know? People don't go out their home almost some month and still lockdown.

[tbterryboy]

I think for now it's over. The market has been quite stable. Cryptocurrencies has not been running crazy as it was doing before now. During the time the coronavirus outbreak started spreading out earlier this year, the cryptocurrency market was fluctuating wildly and the price kept falling like crazy, but things have changed a bit right now.

I know that there are people here who are expecting the price to show signs by pumping heavily, but it doesn't work that way, things will go from step to step. And I don't even expect any increase immediately after the BTC Halving that is coming. If you check the last halving we had, you will notice that the price of the cryptocurrencies didn't pump immediately, it took sometime before that happened.

[Synaesthesia]

I think for now it's over. The market has been quite stable. Cryptocurrencies has not been running crazy as it was doing before now. During the time the coronavirus outbreak started spreading out earlier this year, the cryptocurrency market was fluctuating wildly and the price kept falling like crazy, but things have changed a bit right now.

I know that there are people here who are expecting the price to show signs by pumping heavily, but it doesn't work that way, things will go from step to step. And I don't even expect any increase immediately after the BTC Halving that is coming. If you check the last halving we had, you will notice that the price of the cryptocurrencies didn't pump immediately, it took sometime before that happened.

Now the epidemic situation is getting more and more unpredictable and we will surely have to live with it because now there are more than 2 million people infected and certainly in the next few months this number will increase much more than that. I think investing in the crypto market is the most reasonable option because this is being considered as a very popular place to make profits for everyone and the investment needs are increasing.

[Nennyel]

It's not over yet. The pandemic hits harder than we anticipated and the world economy will take time to recover from the drop. The same is applicable to the cryptocurrency market.

[Bestmanbuka]

Major cryptocurrency events were being cancelled or postponed due to the spread of the virus and new restrictive measures put in place when the outbreak became very intense all over the world.
I think events are coming back to normal routine as cryptocurrency fluctuations have been reduced because I made a recent transaction with btc pair and for the time being of the transaction nothing was really lost. So hopefully before mid May, all sectors of the economy of the world will be back to its feet.

[Natalim]

It's not over yet. The pandemic hits harder than we anticipated and the world economy will take time to recover from the drop.

The economy was hit hard and the stocks suffers a lot, but crypto marekt was not affected a lot because we dump but we did recover easily.

The same is applicable to the cryptocurrency market.

Of course, and we can't say right now that the drop will not happen again, we just have to be careful this time, if you guys want to be safe, convert your bitcoin to stable coin but if you still trust, you should hold without looking back, bitcoin if it will dump again, it will surely rise at the right time.

[BlackFor3st]

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 chances is still 50/50 as we don't have a control over the market but if the big investors will try to push the market upward then the crash of the market will be stop. The biggest drop has been done already because of corona virus so there is a very less chance that the market will continue to crash that deep again.

Upon checking the market, there are a little upward and downward but right now we are in green so we can say that the drop over will likely to be stop and it will not continue.

[isaac_clarke22]

It seems that prices will still fall considering the case of the pandemic continues to increase every day and I am not sure there will be a quick recovery even after this pandemic ends, but even so I think the decline will still be suppressed so as not to fall too deep, but that's all nothing know for sure because the price movement that will occur is very out of control because of the panic that remained there until the ongoing fall would at least be inevitable.

It will, but hey crypto-wise we're getting slight breach to 7k so that's quite nice for a recovery right now. Not sure when will this pandemic end, but from how severe it gets in my country, it seems like unlikely to decline right now.
Panics are quite common here right now, pretty much everyone especially in US could be selling crypto to USD when the virus hit the country.

[Bezobraznike]

It seems that prices will still fall considering the case of the pandemic continues to increase every day and I am not sure there will be a quick recovery even after this pandemic ends, but even so I think the decline will still be suppressed so as not to fall too deep, but that's all nothing know for sure because the price movement that will occur is very out of control because of the panic that remained there until the ongoing fall would at least be inevitable.

It will, but hey crypto-wise we're getting slight breach to 7k so that's quite nice for a recovery right now. Not sure when will this pandemic end, but from how severe it gets in my country, it seems like unlikely to decline right now.
Panics are quite common here right now, pretty much everyone especially in US could be selling crypto to USD when the virus hit the country.

   Isaac_clarke22 nobody is sure when will this pandemic end, government officials are saying mid May, but it can
last until June if situation demands (more cases, spreading). I think everyone waits this to end, isolation is hard
for many people! Thus many people lost their jobs and they can't work until pandemic ends.
   Let's not talk about panic, let's stay strong and faith that will survive this! I'm always positive, it's my nature and
I believe after hard times we will see good days again.