Re: The Fed Cuts Interest Rates as the Virus Spreads

Quote from: davis196 on March 06, 2020, 07:04:59 AM

Quote from: allthingsbtc on March 04, 2020, 03:09:03 PM

The Fed Cuts Interest Rates as the Virus Spreads https://bravenewcoin.com/insights/will-an-interest-rate-cut-push-investors-into-bitcoin

How the effects of the global coronavirus epidemic will play out in the crypto markets remains to be seen but as digital gold and as an alternative currency, bitcoin looks well-positioned to withstand the potential storm ahead.

As quoted above -BUT! Despite the instances of pullback, is the downside move primarily fueled by Coronavirus fears?

The fear of coronavirus is bigger than coronavirus itself.

Agree to this one, I guess this is because people now are very active in the internet compared to 2 to 3 years before. People are actually spreading a lot of fake news about it which I conclude to be the reason why there are so many ignorant people.

Quote from: davis196 on March 06, 2020, 07:04:59 AM

How many Americans are confirmed with coronavirus?AFAIK,there are 230 confirmed cases.Is this a lot?No.

Not a lot but the fact that the virus is airborne is scary. Imagine having 200 cases but spreads in no time, like doubled every day or in a week.

Quote from: davis196 on March 06, 2020, 07:04:59 AM

How can lower interest rates help for fighting COVID-19 or lowering the panic across the financial markets?
How can Fed help with this?I have no idea....
This makes me wonder about all the conspiracy theories that COVID-19 is created by someone in order to spread some panic and manipulate the world economy and financial markets.This hypothesis will never be proved with any evidence.

Feds are doing this to fight cryptocurrency. There is no reason why they did this, but in line with cryptocurrency.