Quote from: kryptqnick on March 12, 2020, 04:32:29 PM

Quote from: naaimmd on March 12, 2020, 02:44:39 PM

Quote from: DarkDays on March 12, 2020, 02:38:05 PM

I think today's sudden crash was just a knee-jerk response to COVID-19 being declared a pandemic.

There really isn't anything else that can be said about COVID-19 now that would produce an even worse response than we already saw today, so I think we have seen the worst of it, at least in terms of sudden severity.

We might still trend a bit lower from here since the virus is nowhere near finished, and people are looking to hold more liquid assets like cash during what idiots think is the end of the world.

Pretty stupid really, but it always happens. Smart investors know to short the market when a pandemic is declared, while the rich are going to have a field-day buying up the cheap shares and properties that result from the mass hysteria.

At the end of it, the idiots will be left poorer and the rich will be richer, as things always were.

Yes sudden crash made me worry and since there hasn't been fund any antibiotics for coronavirus it's hard to say what will happen and people are terrified about it so there selling there asset and crypto I hope this problem resolved soon

FYI, antibiotics kill infections of bacterial nature, and since COVID-19 is a virus, there won't ever be antibiotics against it. Scientists are working on a vaccine, but it seems difficult to predict how much time is required for that (from months to more than a year). In any case, I don't think that Bitcoin will be suffering all this time and will then magically recover when the pandemic is over. People just need to calm down and realize that Bitcoin has no reason to go down, unlike many other businesses, and it'll be fine. How much time it takes for people to calm down - now, that's a question. I hope it's a matter of weeks.

The first clinical trial of vaccine should be next months or two, to ascertain a reliable vaccines will take several month but not beyond this year. Basic information about the virus is known especially the mode of infection and damage of the body system. The are no stigma to this disease, not out of sexual carelessness or infidelity. The basic challenge is way it is hidden in the body with no obvious symptoms in several months. It is more difficult to speculate and predict the price of bitcoin even after halving with the crisis.