Quote from: Fedor_V on March 03, 2020, 11:53:37 AM

Quote from: mrquackquack on March 03, 2020, 04:25:43 AM

These sudden massive fluctuations in the stock market prices will cause what type of long term effect?

Since many factories in China do not work, prices for raw materials, including oil, are falling. Therefore, the volume of trade between countries is also reduced. Because of this, companies incur losses and the Dow index also falls.

In addition to that, it is certain that China's financial crisis has a negative impact on the global economy, but it has a positive effect on other things for examples the price of oil is now below $ 60/barrel due to China was the biggest consumer of oil before Coronavirus.
Otherwise, possibly this current decline in the market may not has been caused by the impact of the Corona virus. To be honest, Bitcoin is facing a lot obstacles and unfortunately, some governments are still trying to crash the era of crypto.