Quote from: pixie85 on April 04, 2020, 11:16:26 PM

Quote from: verita1 on April 02, 2020, 08:05:40 AM

I agree! We must overcome Covid19 to recover the market and it will not be an easy task because the pandemic will leave a bleak environment. We must work hard to recover everything we have accomplished in the crypto market. Sadly, we are seeing humanity threatened by a very dangerous pandemic.

The virus did not crash the market. The panic caused by countermeasures did.

How many people died from this virus? How many of those dead people did not have any serious health problems before catching the virus? Not many.

The virus killed only 64000 people in 3 months. Lung cancer kills almost 2 million people every year! You have at least 20 times greater probability od dying from cancer but there's no panic and countries are not shutting down because of cancer.

The real threat is the death of tourism and a possible bankruptcy of airlines, hotels, cinemas and restaurants all around the world.

Indeed, it is not the virus itself that causes the market to crash but the actions of people who are experiencing panic. Actually the virus have no serious effect to the crypto market, our economy is the real thing that is in danger here just what you have said. Companies that have no relation about foods or goods that needed right now will be facing huge loss because of this virus, there are the ones in danger and it will have huge visible effect ones we get out of this crisis.