TheUltraElite
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So anyway, I applied as a merit source :)
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April 15, 2020, 05:56:57 AM |
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Even if this pandemic will be over soon, we cannot expect for the crypto market to be stabilized. As long as there are whales that continue to manipulate the market, there will always be high volatility that will keep on dumping and pumping the market price.
The entire world's economy is down to a worse level than the last depression according to IMF. Now if things continue like this we will see worse conditions not worth talking about. Lets hope that condition becomes better soon and the markets become stable if not increasing in price. Economies are an important point of note for every government at this time and they are trying to keep it afloat. Whales will be hoarding fiat for their uses though because they also need to survive, so the market crashes. It will take them time to recover too. But how long to recover is a different discussion. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Ziskinberg
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April 15, 2020, 07:22:15 AM |
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Whales will be hoarding fiat for their uses though because they also need to survive, so the market crashes.
To survive they don't need a lot of money to do it, but when they are making money playing with the market with their power to manipulate, then I guess it's favorable to them. It will take them time to recover too. But how long to recover is a different discussion. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Bitcoin has not fully recovered yet but then again we are not seeing a total dump like stocks, so I guess crypto versus stocks now, crypto is more stable.
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gaston castano
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April 15, 2020, 08:02:48 AM |
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end of the world?come on, I think the global financial crisis occurred when a more deadly virus hit about 100 years ago, although the financial condition at that time was not as advanced as it is now, but it had a huge impact. for the collapse or economic collapse to always happen, we just need to be vigilant.
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Mpamaegbu
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Crypto Casino and Sportsbook
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April 15, 2020, 08:39:41 AM |
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As long as this persist, we are not sure how long the market will survive. there is little hope. everyone needs to be careful. when to move funds. Most countries are already in deflection. the situation is making matters worst. it looks like the end of the world. Honestly, 2020 was not what we all expected.
Yes, of course 2020 wasn't what we actually expected. However, I don't think it's all gloomy. There are good things to come out of this pandemic too. For instance, many companies will become more inclined to the online module of doing business as they are reports that companies save a lot of money with their staff working from home. So, I see it a win situation for those who will survive after this outbreak is over. Also, the crypto industry will gain more community and patronage.
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ameliana
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April 15, 2020, 08:46:35 AM |
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the problem of corona outbreaks is still blanketing the world, most of the countries experiencing deflection, especially the countries of Italy and America are countries with the most cases of victims due to corona outbreaks. and this also has a bad impact on global companies and the crypto industry. but I am sure that if this problem is resolved soon, the world can return to normal including the crypto market will improve again.
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AicecreaME
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April 15, 2020, 11:30:33 AM |
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I feel nothing is too certain in the crypto currency space. Which is why we are always adviced to do our research every time, and ensure that profits are saved always.
The market is bullish/bearish, hence the need to be ahead, always dyor.
I agree. Cryptocurrency world is always unpredictable, sometimes our analysis is not always correct, sometimes it is. The reason why we are so uncertain about cryptocurrency is because of panicking, giving us a lot of negative thoughts that lead us to random decisions that takes us to a lot of danger (losing our funds and profits), that is why it is important to be mentally prepared before engaging the cryptocurrency world to earn money.
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Natalim
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April 15, 2020, 11:34:30 AM |
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I feel nothing is too certain in the crypto currency space. Which is why we are always adviced to do our research every time, and ensure that profits are saved always.
The market is bullish/bearish, hence the need to be ahead, always dyor.
I agree. Cryptocurrency world is always unpredictable, sometimes our analysis is not always correct, sometimes it is. The reason why we are so uncertain about cryptocurrency is because of panicking, giving us a lot of negative thoughts that lead us to random decisions that takes us to a lot of danger (losing our funds and profits), that is why it is important to be mentally prepared before engaging the cryptocurrency world to earn money. It's just important that those things you've mentioned do exist. There is a panic, whether selling or buying because there are people who initiate that big market movement, and they are the whales who do manipulate the market, the FUD, FOMO and anything related, you should be aware and you should understand how the market moves.
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Ramaraj
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April 15, 2020, 11:36:06 AM |
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During the liquidity crisis, everything that people put on long will be sold. People put gold on gold as long as possible, but now they are selling it. Bitcoin and all cryptocurrencies is a story of confidence, right? The means of accumulation are worth something only because we think so. Gold has now become a game of confidence. We are experiencing a severe blow to the confidence in the world of all that I am able to recall, explained by the Galaxy Digital CEO Mike Novogratz believes that the global recession has slowed the spread of cryptocurrencies for 12-18 months. He stated this in a recent interview with Anthony Pompliano. When the crisis is over, large volumes of new liquidity will arise, Novogratz expects. Bitcoin will also feel this effect on itself, the price of which will be ready to go much higher.
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Nennyel
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April 15, 2020, 11:48:18 AM |
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The world currently is distressed, everyone trying to make it out alive cryptocurrency is surviving because its a virtual currency with high volatility. There's no stability until the world rests from the pandemic and even when it does the market will be volatile still.
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masterrex
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April 15, 2020, 12:17:56 PM |
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Just keep believing don't lose hope, the storm will be ending soon, the cryptocurrency industry will survive no matter what happens, the only thing that can stop the proliferation of the cryptocurrency industry is to remove the Internet, sounds crazy but it is true. the world has already experienced many pandemics before and more deadly that COVID-19 but the world still survive undoubtedly. the world will win and the crypto industry will survive.
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TastyChillySauce00
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April 15, 2020, 01:12:35 PM |
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The world currently is distressed, everyone trying to make it out alive cryptocurrency is surviving because its a virtual currency with high volatility. There's no stability until the world rests from the pandemic and even when it does the market will be volatile still.
That's true and what's in my mind. Even if the world is totally fine and there's no such thing as pandemic or any kind that could severly affect the economy our market is still as volatile anyway. I thought most of people already getting used to it and even stock market despite not as volatile as crypto's still significantly volatile. There's just no certainty in economy really.
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Ideallabel
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What I do not understand is what people mean when they say the market is stable. I don't think that is ever obtainable because in my opinion, when the market is stable that means there won't be falls and rises as we see now. The only thing is to take precautions and be watchful, cashing out no matter how little and waiting for another dip to buy back. Market stability may not come as we expect it.
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gweedo
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April 15, 2020, 02:48:45 PM |
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the problem of corona outbreaks is still blanketing the world, most of the countries experiencing deflection, especially the countries of Italy and America are countries with the most cases of victims due to corona outbreaks. and this also has a bad impact on global companies and the crypto industry. but I am sure that if this problem is resolved soon, the world can return to normal including the crypto market will improve again.
I hope this problem can be resolved soon this year, but I believe the economic situation will not be able to recover soon. The entire market in the world has been collapsed by Virus. And if the epidemic is under control this year, I think we will need the next 2-3 years to recover the global economy.
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soramon
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April 15, 2020, 03:02:03 PM |
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This is a bad time for any market in the world. It been a month already and this pandemic still running. I believe the current market condition is temporarly. From my perspecrive cryptocurrency have a good chance. While stock market is down maybe investor gain their interest back to crypto space.
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Dividesug
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April 15, 2020, 03:16:30 PM |
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Crypto is filled with uncertainties, when you think that it's hitting rock bottom, it ups and surprises you. But with the current situation of thing globally there is a possibility that we should expect more fall
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Iyanu14
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April 15, 2020, 04:41:02 PM |
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As a result of the current world crisis regarding the pandemic virus spread that have ravaged the world and still not stopping. this has affected global markets including stocks, fortunes, commodities, oil prices. everything is crashing. a lot of accounts has been liquidated on trading platform. within two weeks. billions has dissappeared due to current virus crisis.
As long as this persist, we are not sure how long the market will survive. there is little hope. everyone needs to be careful. when to move funds. Most countries are already in deflection. the situation is making matters worst. it looks like the end of the world. Honestly, 2020 was not what we all expected.
Whether there is crisis or not, one of the characteristics of crypto market is instability. Though the crisis may have little influence but this has been the nature of the crypto market. This was even proven with the rising in the price of bitcoin and major altcoins even in the midst of this pandemic. So market forces determine to the large extent what happened to the crypto market rather than the crisis.
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isaac_clarke22
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April 15, 2020, 07:01:03 PM |
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As a result of the current world crisis regarding the pandemic virus spread that have ravaged the world and still not stopping. this has affected global markets including stocks, fortunes, commodities, oil prices. everything is crashing. a lot of accounts has been liquidated on trading platform. within two weeks. billions has dissappeared due to current virus crisis.
As long as this persist, we are not sure how long the market will survive. there is little hope. everyone needs to be careful. when to move funds. Most countries are already in deflection. the situation is making matters worst. it looks like the end of the world. Honestly, 2020 was not what we all expected.
"Survive" word doesn't apply to crypto, but maybe for some shitcoins. They could be dried out pretty bad right now and devs would abandon it sooner or later. There are plenty of coins in CMC that are tanking right now and it seems to be tanking well so far, so I don't think that we should be desperate of having hope because we don't need it as this doesn't even sketch a single line for the end of crypto. This is just one of those days where we experience below our expectation, like me expecting back then that Bitcoin will breach 7k but it went downwards so sudden to 4k.
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Slingshot
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April 15, 2020, 09:35:31 PM |
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Well, we are living in an uncertainty world and nothing can be predicted as it is. This virus has caused serious harm than expected and I really do wish it just vanish within seconds. Many investors are scared of even leaving funds online anymore because if virys and some are scared of investing do to pump and dump some exchanges are doing. We lack investors and things isn't as good as it should have been. What we expected this 2020 is not what we are seeing. I rely do hope bitcoin halving would increase the market because it's a very big event and happens once in blue moon.
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Shallow
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April 15, 2020, 09:51:09 PM |
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That's true, since in this space news affects in a positive way or negative way that is to say, there is every chance we might fall again at the same time there is every chance we might rise higher. The world itself is still in chaos as every country is trying to ensure lives are being saved hence there might be further restrictions or bans which will in one way or the other have its take on the crypto space. But even in the midst of all these, it is good to bear in mind that the crypto space will gradually adjust to suit the current situation of the world, a good case scenario is the value of Bitcoin nowadays.
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TheUltraElite
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So anyway, I applied as a merit source :)
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April 23, 2020, 06:27:53 AM |
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To survive they don't need a lot of money to do it, but when they are making money playing with the market with their power to manipulate, then I guess it's favorable to them. They can wait it out, I am sure the whales activity has reduced considering the first world countries being heavy hit by the pandemic and most of the whales comes from those countries. But I dont think this will have any effect on whales in the long run because you have to accept that they are big players, they have contingency plans and they know the markets and its ups and downs. Bitcoin has not fully recovered yet but then again we are not seeing a total dump like stocks, so I guess crypto versus stocks now, crypto is more stable. Crypto has been more or less stable after the dump post-pump of 2017. Now the only thing being promoted like crazy is margin trading on the 2-5% daily trading swings. Well whatever suits the trader though, I am nobody to judge.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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