Post
Topic
Board Altcoin Discussion
Re: Do you think this is the news we need for market to recover
by
Ashong Salonga
on 22/03/2020, 20:21:59 UTC
Many are associating the Corona Virus has something to do with the crash of the market, because they theorize that people are liquidating their shares or coins and converting it to fiat so they can buy basic necessities in case these pandemic, but what if our medicine experts finally find the cure, will the market recover  because of this news?

What's your take on this?

Well, based on what I have observed since the day that the virus is said to be pandemic, meaning it has already come to be a fastly spreading virus, the market have got into a downfall maybe due to panic attack that it is becoming a real threat to the health of the people and to be able to survive such threat, many people are using their assets to buy necessities to be able to keep themselves safe from the threat of being infected by the Coronavirus. That is maybe the reason why the market is experiencing an all of a sudden downfall this past week specially now that the number infected is increasing as days passes by. People are now focusing or prioritizing their own safety rather than getting into crypto that is why maybe the trading orders and the demand volume is getting down and as a result is the drop down on the prices of the cryptocurrencies within the market. I do believe that as soon as the cure is discovered and the problem is already resolved there will be a slow recovery that will happen in the prices of the cryptocurrencies for the reason that people are still recovering from the situation but at least there is a chance for the recovery. Let us just hope that this problem will come into an end in which all of us will be safe from the threat of the Coronavirus and the market will soon to recover from its loss.