What does the positive coronavirus test of the US President mean for financial markets
In a tweet, president Trump announced that he and the first lady tested positive for Covid-19. Given the president’s age and other concomitant illnesses, this raised serious concerns for his health.
The reaction of the markets should have a good reason for fluctuations
In normal times, one would expect that empathy and concern would be the only response we would hear to such an announcement. Donald trump may divide the nation politically, but he is still a person, and Americans are usually very proud of their fake empathy for the plight of others.
While there will be a lot of sympathy, there will be those who take the cynical “deserved” approach. Those who have always claimed that Covid-19 was a kind of deception of the Democrats are likely to say that this is all part of a deep state plot to seize power.
Let’s skip the conspiracy theories and just see what this news means for the market.
The initial reaction in the futures market was fairly predictable. When the news broke last night, S&P 500 futures fell sharply. In parallel with them, prices for PTS and other cryptocurrencies decreased.
This was somewhat obvious and predictable, but the questions for investors are: was this fall logical and can we expect it to continue, at least until we know the outcome of the President’s infection?
Logically, the evidence suggests that the party that controls the White house has a much smaller impact on the economy than you might imagine. Of course, the entire global financial system depends on the policy of the United States, but if you take a separate case, such as this, what does logic have to do with it?
Of course, these are not normal times
However, perception is more important than reality in any market, at least in the short term, and despite all the evidence to the contrary. So when an incumbent Republican candidate falls ill with such a potentially serious illness shortly before the election, the market drop is predictable, if not necessarily justified.
In this case, even more than at any other time, it may also continue for a certain period, especially if the President’s condition worsens. If this happens, it will be seen as a giant metaphor for what is happening in the country as a whole. Attempts to ignore the virus have led to a surge in infections, and it’s hard to miss the symbolism of the one who most urged it to be ignored.
The most important thing for investors here is that you put aside your own political views, whatever they may be. Let’s hope that the President’s illness will be short-lived and not severe, but even so, it will take him out of the campaign for at least two weeks and lead to further doubts about his decision-making. Given the Republican bias inherent in the us market, this shortcoming is likely to lead to further losses, unless the news from the White house is very good. Naturally, this will be reflected in the world markets, including the crypto market.
However, in the longer term, whether this will affect the election or not, and even who will eventually win, is almost irrelevant to the market. The US economy, which has always proved that it can go to extreme lengths to thrive, no matter which party is in power, will be fine. At least for the near future. Believe me. So, although you should not rush to buy, at some point any drop will be an opportunity for long-term investors to buy cheap stocks and cryptocurrencies on dips.
How to listing my coin/token to the SPACEBOT?
Application Form for Listing
Please Kindly Answer the Following Questions:
- 1. Coin Recommender
- 1.1 Anyone Introduces You to SPACEBOT?
- 1.2 Referral’s Name, Mailbox, Telegram Account
- 2. Introduction of the Project
- 2.1 Name of Project, supporting both Russian and English
- 2.2 Official Website
- 2.3 Documentation link (api for developers)
- 2.4 Symbol (url: coinmarketcap.com,coinpaprika.com etc.) ATTENTION: It’s a prerequisite! If information about your coin is not available on this resource, we can agreed and list it on coinmarketrate.com. Listing price from 10 ETH.
- 2.5 Offering Price (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.6 Total Fundraising Amount (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.7 Brief Introduction of your Project Covering its Positioning, Features , etc.
- 2.8 Expected Trading Pairs against BTC, USDT, ETH (url: coinmarketcap.com,coinpaprika.com etc.)
- 2.9 Anyone in Charge of the Project
- 2.10 Contact of Project Manager
- 2.11 Project promotion Channel like Website, Wechat Official Account, Twitter, etc.
- 2.12 Attachment of Source File of Token Logo
- 2.13 Is the Project Tokens Based on ERC20 (or other blockchain)?
- 2.14 Any Market Value Management?
- 3. Project Marketing ant Its Users Scale
- 3.1 Expected Listing Date
- 3.2 Users Community in Telegram, Twitter, Reddit, Slack, WeChat, QQ Group , etc. and Its Links and Scale
- 3.3 Media Reports and Links
- 3.4 Time and Place of Roadshow or Other Marketing Campaign？
- 3.5 Marketing Budget on SPACEBOT and Token price establishing margin
- 4. Qualifications
- 4.1 Basic Information of Team Members
- 4.2 Consultants or Public Figures
- 4.3 Early Investment
- 4.4 Whether Listed on Quote Platform，such as Feixiaohao ,CoinMarketCap, etc.
- 1. Notes for Listing
- 2. SPACEBOT the unique software, for co-production of cryptocerrency. SPACEBOT provides an opportunity to get a monthly increase in the productivity of the cryptovoltaic minting of PRIZM, BIP and other cryptocurrency due to the total increase of the balance in the network of blockages through the “Proof-of-Stake” system.
- 3. SPACEBOT is only responsible for verification of authenticity and legitimacy of projects. SPACEBOT will not evaluate the project, and not provide any moral and value endorsement. The digital assets team will take full responsibility for all illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.
- 4. The digital asset teams need to make preventive measure with SPACEBOT to keep away from crushing the market. Otherwise we will end the cooperation.
- 5. SPACEBOT will remove the project from the list if : The dissolution of team keeps our client away from mining, transferring, block inquiring, etc. No investors trade, hold, use this token; technical failure which affect mining, transferring, block inquiring, etc. The team has some illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.
How to register a new users on SPACEBOT?
Registration on SPACEBOT is available only via the referral link which you can get after bonding 100 coins to the pool.
In order to get the link through the Telegram bot:
1. Send 100 coins to the wallet given by the bot: Wallet – Deposit
2. Bond 100 coins to the pool: Wallet – Deposit for paramining
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your referral link and invite new users
In order to get the link through iOS/Android:
1. Send 100 coins to the wallet given by the App: Home screen – Refill
2. Bond 100 coins to the pool: Home scren – Bond
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your link and invite new users
How to install the iOS App?
To install the App
1. Follow the link:
2. Сlick ‘Install’ and follow the standard steps to install the App on your device
3. If you are a new user – press ‘Register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)
4. If you already have your SPACEBOT Telegram account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’ section.
How to install Android App?
To install the App:
1. Follow the link:
2. Press ‘install’ and follow the standard steps to install the App on your device.
3. If you are a new user – press ‘register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)
4. If you already have your Telegram SPACEBOT account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’
How to top up your balance?
Top up your balance with Telegram bot:
1. Go to ‘Wallet’ section
2. Press ‘Deposit’
3. Copy the wallets sent to you (be careful not to copy extra symbols)
4. Transfer coins to the copied wallet adress
Top up your balance with iOS/Android App:
1. Press ‘Top up’ on the mail screen
2. Copy the wallets sent to you (be careful not to copy extra symbols)
3. Transfer coins to the copied wallet adress
* Track transaction on the blockchain:
PRIZM – https://prizmexplorer.com
BIP/BTT – https://explorer.minter.network
**Please note that depositing of coins requires certain number of confirmations in the network and it takes time to process a transaction with our algorightm
***Also note that many exchanges and wallets services carry out transfers with delay (on some exchanges it can take up to 72 hours), and you shouldn`t worry since this is a stadard procedure.