Bitcoin Forum

What does corona virus have to do with bullish bitcoin ?? any effects

I don't see anything that can connect the corona virus with the bullish trend, things are expected to happen, we are coming in the halving remember, I guess any news around the world can be connected to the market condition, so speculators will say they are buying Bitcoin and other coins because they are moving out of China

Corona virus caused the activities of the Chinese community to be a little stopped and the workers also did not work as usual and more rested, and that I don't think will have much effect on bitcoin even though the effect will still be on a small scale.

Probably none. Bitcoin is traded highly across different exchange and that is a good sign of recovering on a bearish market. But this news about corona hasn't something to do with the bullish effect. I hate Chinese for covering up this virus for a long time ago and now its getting worse as outbreak in neighboring countries are now increasing.

It won't have much impact on bitcoin because this case is still stuck in some countries and I hope this virus will not spread throughout the world
if that happens I'm sure not only bitcoin will collapse even trade of all countries will be in trouble

Until it got out of hand. Until the number of deaths rises to ten thousand, I think nothing will change. But then, maybe something will change due to global panic. But I can’t even assume there will be a rise or fall, or maybe everything will remain as it is. But for now, it’s just as if the price does not depend on it.

Corona virus with bitcoin increase activities I don't think it has anything to do, but because the Corona virus originated in China, maybe some Chinese people feel disturbed by this Corona virus, so that the activity in China is a little disturbed. Hopefully this virus problem can quickly be overcome so that people in China feel comfortable again in their activities.

won't have much impact, especially for the bitcoin market ecosystem. maybe for the economies of many countries affected by this virus will be slightly disrupted, because the spread of this disease is very fast. I hope the solution will be investigated, and I'm also really looking forward to the fact about this virus because there are many assumptions that are widely discussed in my country

It has no effect to the bitcoin market but there was a possibility when the coronavirus will disrupt the global economic and that makes so many people are willing to convert their asset to something that can bring them more value. This is a small possibility to happen right now. I think that makes sense to happen with crypto. Some economic experts have already predicted if the coronavirus will affect the traditional investors to invest in the stock market.
This is just my assumption.

Many worry that this could have an impact on cryptocurrency, if we pull straight logically there really won't be a meeting point between the corona virus and market prices, but maybe it can happen to markets in China. Of course we expect the best for both, be it for market prices. Also the victims infected with the corona virus, I think this is natural to shock the world because it involves many lives that are threatened.

I think it has no effect on the pump. I speculate that bitcoin prices will dump because victims who hold bitcoin will sell their assets for their health, but as we see now, the market situation is improving, so my speculation seems a little wrong. However, I think that the current price increase is caused by something else.

On the contrary to the reports that coronavirus was helping bitcoin increase in price, I thing there is no connection between the two things. Bitcoin's price increment is due to its upcoming halving and people's positive attitude towards the crypto market at this point of time. I believe bitcoin will increase to over $17000 until its halving.

During times of potential economic collapse, regardless how the small the chance, people tend to invest in assets that will fare well without government backing.

This can include Bitcoin, as well as other tangible goods, precious metals and commodities.

That said, I don't think that the Coronavirus is much of a catastrophe right now, the normal flu still kills far more people every day.

If they fail to contain it however. It could be bad.

I don't think it has anything to do with the corona virus that has spread so fast in China with the bitcoin market that is currently experiencing an increase, there are always some people who associate with the news that is widespread in the world with the Bitcoin market, but I think the Chinese population will not focus in the current bitcoin market, of course they prioritize their own safety rather than having to be busy playing market prices

The Corona virus is indeed causing problems but i do not  think it affects the bitcoin market.

The virus affects the general market where goods and services are involved because the spring holiday has been extended

If we are in a bear market, then suddenly the price go up, then we can think that it has something to do with the Corona virus, but we are in a bull trend and investors are expect this scenario to happen, even though there is this kind of news or not, we just be glad that we are moving upwards and we just hope that this dilemma Corona Virus will finally end.

This corona virus has nothing to do with the bitcoin market, only in the Asian stock market that was affected, there was a decline. so bitcoin is not affected.
my point is whether the market is affected or not, I don't really care about things like, what I hope is that hopefully the problem this corona virus in china, hopefully it won't spread throughout the world and quickly get the anti-virus.

It's possible that people fear a collapse and are therefore parking their money in bitcoin. Of course that would be stupid as the virus itself isn't virulent enough to cause a collapse of anything other than some immunodeficient people.

In my opinion this has nothing to do between the corona virus and cryptocurrency. I don't think cryptocurrency price movements are due to the corona virus or because of the current corona virus. For me we don't need to associate it with the corona virus and for the time being it's better for us to focus on how we can continue to generate profits in cryptocurrency.

Nothing, absolutely nothing. Corona virus came when the thread of bitcoin be bullish was very visible, so, why attributing the current bullish of bitcoin to the outbreak of corona virus. Bitcoin was around the $8,732 before I heard the news of the outbreak of corona virus.

Accept my heart felt condolences to those who have been effected with the virus and the entire people of China. God bless China.

yes, I also agree with you that the increase in the price of bitcoin currently has nothing to do with the corona virus in China. although the majority of bitcoin traders and miners are from China. that does not mean this corona virus will have an impact on bitcoin.
I hope this corona virus will be dealt with immediately and I'm sorry for the victims who have died.

It will have no effect at all. Only a war should have an effect imo

I think that it is not connected in any way but if the epidemic progresses, this will affect not only Bitcoin but the entire world economy. Oh these Chinese are inventors, but as they say - with whom it does not happen. I hope that they will cope with this ailment because they have no other choice.

We all know the fact that the chinese community and population is enormous. Though cryptocurrency market and people's external/community issues are very parallel,  a market still cannot be a market without a community circulating and maintaining it. Chinese had a huge impact in making the crypto world running and growing and they even make an impactbwith any cryptocurrency's circulation. And the bitcoin market would be decreasing once that those Chjneses whi are in crypto would be busy not to be infected (and we all hope we all not).

Questions like this should be on the board Bitcoin Discussion (https://bitcointalk.org/index.php?board=1.0), because here we will only discuss alternative Cryptocurrency or try to change the title to the  in accordance with the board.

The rising prices of bitcoin and other altcoins on the exchange in my opinion have no connection with the corona virus. This is not the only reason that can be attributed to price increases. I am only sure that the price fluctuation this month is because people are affected by halving that will occur in the next few months.

The improved condition of the crypto market so far is the dream of every trader and investor who has been waiting for the right moment to sell their assets, but during the January period I have seen at least 2 times the price increase very fast. This rising pattern is very uncertain and requires caution if one day prices can go down quickly too.

Do not associate every news in the world with btc. So, how can it affect? The virus will affect the economy a little, but I do not think that this influence will also touch btc. So, anybody will not want to sell btc because of the disease. It is possible for people to sell btcs during holidays or in bad situations, but there are very few people in the present situation.

It may be related to Corona Virus with the rising price of bitcoin these days, although it can be said not directly. Outbreaks that occur in China affect economic activity and this indirectly makes conventional investors worry so they might shift their investment to Bitcoin

Yes i think it affected the price as we may see the price jumped to 9k and in china if the work stop for a day they will be a great changes in economy because of the large man workers in china and that effected bitcoin as well.

There was no significant contribution between the disease and  bitcoin price, because that doesn't coinside with the demand of digital currency. Corona virus was still an unknown ailment which is under observation by world health organization, and as of now there's no cure for it.
Bitcoin market is the reality of what's happening right now, and it can't be linked with any issues. This is the real market that we were expecting for such a long time after corrections, so let's prepare for any random price increase.

No, it has nothing to do with bullish Bitcoin.  Bitcoin market being bullish is already due a long time ago but whales keep it pushing down for the reason of accumulation but they can no longer able to contain the upward trend because more and more people are being drawn to Bitcoin because of the hype of the upcoming Bitcoin halving, not because of this corona virus stuff.

Singaporean exchanges like ecxx are the safest bet for Chinese traders now. I doubt their banks will even work soon.

I don't think any epidemic has any relation with the crypto market. It only can reduce tourism in china and that won't be any problems for crypto market.

nothing ? then you said btc wont move because everyone is busy on protecting thier health .

 if btc didnt move , that is one of the effects of this corona outbreak on other countries  . people wont get out now much often so they probably shop online and use thier btc's   . the price can still move if my observation is true   .  and yes , we better keep praying for them that the virus wont spread more  and itl's stop now because this is so scary now  .

There is no connection between these two both are different things in my point of view and I am probably sure that mostly people think same but I really feel sad for those people who are victim of this dangerous virus hopefully they will be okay soon scientists will definitely discover the cure of corona for sure.

I don't see the connection between corona virus and the market and only few people got corona virus so not really affected in the market, but if thousands of people get infected of the virus, maybe the market will collapse.

Corona was not affected all Chinese people and not all the country doesn't affected at all so there are no way for affecting bitcoin because not all people do have crypto or Bitcoin and mostly didn't know bitcoin yet.

Every time there is bad news it is often associated with the current cryptocurrency situation and for me personally for this corona virus does not have an impact on cryptocurrency or does not have an impact on increasing or decreasing the price of some coins. I agree with what you say that this corona virus might only have an impact on the economy in China because of course many business activities will be hampered because of the virus and for cryptocurrency itself I would not have a thing that would make sense if it had an impact on cryptocurrency.

The virus outbreak have nothing to do with the recent bullish market, the bitcoin market started the new year on a positive note and the market is ending at a good point at the end of this month and that is a good sign for bitcoin investors as the halving is near we are expecting good market movements in the coming months.

Not sure what's wrong with the users as I have seen multiple threads with the same topics twisted in one or the other way, how you you even think that Corona virus has something to do with bitcoin or crypto as a whole? There is no point of merging these two things, please stop confusing yourself with unwanted things  and focus on real factors which drives market.

until now it has nothing to do. but suppose the Chinese government and crypto users in China are very large. wouldn't that have an impact on the crypto market? This is only a supposition and may not have happened because the Chinese government also banned crypto.

I think there are possibilities that Corona virus can effect the Bitcoin market. Because China has a big market of Bitcoin and people in China are badly effected by this virus and they are not stable mentally. So this  situation can effect on Bitcoin trade as the business activities are effected by Corona virus. But i hope it will not effect badly .

I already have seen multiple threads about this kind of topic, and i have always been saying that corona virus and other diseases will not have an effect in the crypto market or the price of bitcoin because it will not help to increase bitcoin adaptation and thiis kind of problem will only have an effect on the global economy because a lot of people might die.

I want to share with you a link that talks about the relationship of the cryptocurrency price with coronavirus: https://www.coindesk.com/how-coronavirus-outbreak-in-china-could-weigh-on-crypto-prices One of the theories of the rise in the price of bitcoin is related to the fact that Chinese specialists can not leave their homes because of the quarantine. And they can spend more time exploring the cryptocurrency market.

Both are very different. There is no relationship between viruses and digital currencies. The Corona virus is caused by people in Wuhan eating animals such as Bats and Rats. Maybe it is an old tradition in China. so Viruses and digital currencies have nothing to do.

Actually I don't see any effect of the corona virus that is spreading in China and in the Philippines right now because at the first place there is no any reason why would the market will react on that because it is a merely virus and it doesn't effect any electronic things like computers and internet even though the blockchain nor the cryptocurrency because there are no reason why a merely virus can be a reason why the bitcoin market will go up and down.
Kindly do some research about the corona virus and what are the effects of it to the other person not in the bitcoin market because absolutely there is no connection with it.

Like what mostly said here, I don't see that corona virus got to do with the recent uprise of bitcoin price. You know what, actually what I expected is that the price will fluctuate downwards because we all know that China is a big part of our crypto community so since they are now facing inactivity then so as the price. But it didn't happen so it was a good news for us afterall — btc continue to rise which means the spread of virus really don't affect the market :).

there is no any effect to the bitcoin market mate ,corona virus only exists in China the plague cannot spread because the air will be clean instantly in the wind broom ,forget it because the crypto market does't shake like that the price will also not be infected with the corona virus ,your topic similarity you can read here too https://bitcointalk.org/index.php?topic=5220634.msg53698107#msg53698107 will help you even though different words but the contents are almost same

I am not sure exactly, but as i know it give an bad effect to some currencies on asian countries like decrease value of fiat money in some countries , called make down effect for those currency country. and sure i make conclution than  the corona virus gives an effect to bitcoin price as well...

Very disturbing news from China, and I think it is not necessary to link the trouble of people with the potential benefit of a possible increase in the price of cryptocurrency.

There is nothing to relate the corona virus with the bitcoin Market trend. Everytime by the days of Chinese New Year there'll be growth, and the same has taken place this year with the price of bitcoin crossing above $9000. There is no celebration or partying out of the corona virus, upon the same there could be downtrend, luckily the market keeps moving forward.

My guess is it is because the stock market has moved downwards. It is common for cryptocurrencies to act bullish whenever the stock market is bearish. Having said that, the Wuhan virus allegedly affects the stock market and other commodities. I found this on the web https://www.nytimes.com/2020/01/28/business/coronavirus-financial-markets.html

addendum: I found this article first thing in the morning. https://www.coindesk.com/bitcoin-rallies-to-near-9150-as-stocks-drop-over-coronavirus-fears

Of course there is no direct connection between these events.

But given that the entire financial market is falling, and bitcoin is growing, then maybe it's attracting investors attention.

I think none, this virus can maybe affect bitcoin if main people who control pools and other stuff and maybe miners take this virus hope not, and hope to find a fast solution to stop this virus and save people.

Viruses like this should not be able to control the price movements of bitcoin but the bad possibility is to make a lot of people who have assets in the form of bitcoin sell it and make it into local money because they want to secure their assets, so you have to be careful that there is no worse news so it will not influence the bitcoin price movements at the exchange place.

most of those infected with the corona virus are Chinese and that's it has absolutely no effect on the market. I think the effect of the corona virus from China has nothing to do with the Bitcoin market. I agree with you if everyone in this the world is infected with this deadly virus then the market will collapse in no time.

there is no major impact on the bitcoin market, it is likely that the impact will be felt on the global economy, and hopefully coronavirus will not spread throughout the world, so as not to cause something fatal in the future.

I don't know why you connect corona disease with bitcoin ??? because in my opinion this has nothing to do at all. If this virus spreads throughout the world, not only will bitcoin be destroyed, but global markets and the world economy will also be destroyed because no one will leave house. but we hope they will soon find an antiviral from this disease, because all diseases have antidote and can be cured

People started to think that there's a relation about the bullish attitude of bitcoin and why it's becoming into a crazy run now. I guess the idea started out when the possible WW3 was about to start because the market did a crazy bullish move during that time. If we are to compare with the corona virus and the potential WW3 then it only means that people are saving their wealth through bitcoin. They are putting their money on bitcoin so that whether there wll be a massive destruction of lands and infrastructures, their saved wealth won't be affected through bitcoin.

I will believe it if Bitcoin has a huge 10% jump but the price movement is not moving drastically it is growing organically or natural which is expected because of the halving season, and I don't think the Corona virus has something to do with and speculators are quick to attach this Corona Virus to the price movement.

I think Bitcoin is more likely to suffer from the coronavirus epidemic than get any benefits in this crisis.

Bitcoin is a physical asset.
As far as we know from experience during global crises and disasters, people prefer to have in their hands the values ​​of the physical world such as cash:
gold,
jewelry,
medicines,
food,
water,
gasoline.
Bitcoin will not make sense if it can not be exchanged for anything from the above list.

During crises, we do not know how much Bitcoin will be in demand in markets of this type, but we know what will be in demand exactly.
People would rather exchange their bitcoins for cash to buy medicine during the coronovirus epidemic than vice versa.

Corona virus is not been declared as a world crisis or any disaster. It is actually a most contagious disease because the mutating abilities of the corona virus makes it easily contagious. In this case, most of the people from the infected parts of the world would prefer to stay at home and try not to get in direct contact with the infected person.

In this case, bitcoins would be a best medium of currency exchange which would allow us to transact without actually moving out of our door. This should bring a positive rise in the price of bitcoins if this case tends to be real but as far as I know the markets, I do not find any relation of corona virus or any such disease with bitcoins.

I believe that you are exaggerating the meaning of coronovirus. I do not think that the news about the supposedly raging "coronavirus" in general is related to the crypto market. I think that many are looking in the wrong direction. This whole “coronavirus” distracting maneuver from more significant events that occur in the world and possibly in China itself. Moreover, does the crypto market show big growth? I do not think, before these events there was a better growth. all these are manipulations that you should not pay special attention to. But in any case, I believe that even without any kind of events in the world, we are in a new phase of growth in the crypto market. How successful this phase will be, time will tell.

Price of bitcoin reached highest level recently with last three month frame but if this corona issue has any effect on bitcoinmarket then the prices re supposed to dump since stocks are also falling too much when the same issue happening.

And also most cities were locked down so people using online payment for purchasing this?

He may see some correlation between it that he has asked about it. Global markets might be affected once this disease goes-full-blown global threat. But I don't see any direct effects on cryptocurrency progress. However, if this disease inflicts a considerable amount of people it may impede in the normal processes of bitcoin and cryptocurrencies as a whole like mining, investing, trading and selling.

If we ignore what is happening at the moment and look more globally, then “Coronaviridae” can serve as a starting point for rejecting paper money and switching to digital forms of payment (including in cryptocurrencies). Since bacteria remain on the banknotes and they are perfectly transmitted from person to person in paying with cash.

coronavirus quite an impact with bullish bitcoin since yesterday bitcoin was down a little bit and after that bitcoin ride back coronavirus also affect the economy and the price of bitcoin because many traders bitcoin in china was very influential also in the market bitcoin which makes a lot of factors that make bitcoin down.

All this situation with the virus shows us again that there is no connection with bitcoin growth and such global events. It seems that BTC doesn't even notice this disaster in news feed.

I think that the appearance of a coronovirus will still have a slight effect on the price of bitcoin and other cryptocurrencies. The Chinese are now being urged to refrain from visiting public places, and now they are celebrating the New Year by February 10th. People will spend less on bitcoin and other cryptocurrencies, and this should have a positive impact on its price. Otherwise, I do not see any relationship between this new virus and the price of cryptocurrency.

See it's very clear that corona virus is nothing to do with Bitcoin, a few analyst say it has improved the market to push up BTC price. And I agree it may affect economically but what it has to do with the crypto.

At the other end Tom Lee one of the famous expert reveals BTC price may go up to 25k in five or six months. Now who do you believe? People just want to impose anything without knowing so don't get confused or do not panic yourself. Research and understand the market.

I think the current market conditions are likely to be influenced by the code from the bull run, because many predict this year's recovery in market conditions. we have been in the bear market for too long, and now may be the beginning of good news for the market. yeah, one of them is bitcoin halving, just count for a few more months, of course this news will be utilized by investors, and indeed the price should be soaring, because the miner's reward is reduced. many predict that (2020-2021) the price of bitcoin will soar. for problems with the corona virus, in my opinion it doesn't really affect the market. even those who made FUD news, no one responded.

It brings a good impact to the bitcoin as when there was a lot of uncenrtainties to the traditional economic caused by this virus and people will try to put their money into the various portfolios and that's also bitcoin that must be included to get a huge impact. Global economy will get bad impact caused by this virus

it will certainly have an impact but it will be an indirect effect. let me explain this. As the corona virus becomes more and more powerful and in turn loses many lives, China will be more tightened in terms of protection and isolation, the government will have to spend a lot of money to build a new hospital and research vaccine. Besides, China and the 12 countries bordering China have closed the border with China. This will cause heavy losses in the economy when foreign trade is delayed. And at that time, the value of CNY will certainly decrease as well as stocks and public debts will increase sharply. We can think of an economic crisis if this pandemic spreads even more. People will soon buy bitcoin and make its price go up. Actually, Bitcoin and Gold are quite similar now.

Since Bitcoin is a hedge against instability, the coronavirus outbreak is likely to aid Bitcoin prices. 

Especially since it seems like we aren't being told the whole truth about the virus.  Distrust in government is very healthy for the price of Bitcoin, IMO. 

There is no connection between the coronavirus and Bitcoin, but if you see indirectly, then you may know because of coronavirus, Chinese people can't celebrate the long period vacation of the New Lunar Year! So, they are not cashing out the crypto money, this is the reason bitcoin price is growing instead of dumping! Because most of the people expected a massive dump will happen in this Chinese new year vacation.

Honestly, I myself do not know whether this whole situation with the corona virus affects bitcoin and the entire cryptocurrency market, but if will you read several articles on different resources, you can find different guesses that the corona virus somehow affects the rise in the price of bitcoin and in cryptocurrency market growth.

There is no effect between viruses and the crypto market. If it really does, the effect will be on a positive trend. But the facts about the field, that the virus is being discussed at this time. There really is no effect at all with Bitcoin.

The WHO has today declared corona virus as global emergency, more that 120 people have died so far in China and the death toll is expected to rise up.

But the cryptocurrency market is not affected by it. Bull run has returned and the market looks positive. Expecting the price of Bitcoin to reach 10k by febuary.

It is true that this virus is causing the whole Chinese economy to collapse recently and will certainly involve the crypto market. I hope the corona virus can end soon because health is still something everyone needs at this time and certainly money cannot be solved. Anyway, I'm quite nervous and always more careful when I go out because my country is very near to China.

I don't find any connection and relation with the Bitcoin because Corona Virus doesn't relate to Bitcoin. The price of Bitcoin will be in spike until we are close to having, coronavirus will not have any chance to influence the price of Bitcoin.

Yep, Corona virus is a really dangerous one. I didn’t even know about it until recently that the news started going round the internet. It’s usually worse for the older victims, and it’s a killer disease. Hope they find the solution and cure those that were affected.

How do you even link the Bitcoin bullish nature to Corona virus? It doesn’t have any effect at all. If it was going down you would have said that people in the affected areas were selling their coin, but the coin is bullish. But there is no way that they are related, so it’s not affecting the Bitcoin market at all.

You don't have to connect it in fact there are other ways to connect the current bull trend we can connect it on one halving, Japan planning to launch their own coin and many more but Corona Virus I don't think so it will take an imaginative mind to connect Corona Virus to what happens in the market.

In my opinion this corona virus could affect the bitcoin market as the virus spread all over the world. For sure we cannot see the effect of this virus today because it is still a small percentage of the China population that infected and a few people around the world is confirmed that has a corona virus. In my opinion if a big percentage of the population in china is affected by this virus this is going to affect the market price of bitcoin since for sure a bitcoin investors could die in this virus and overtime when it spread all over the world for sure we could easily see the effect of this virus...

it doesn't look logical with the correlation made. but what happened to the news of this virus has made anyone focus on this virus. but it will be different if the spread of this virus occurs in countries like Japan who have planned to use their crypto.

Corona virus has so far caused tens of billions of USD worth of financial losses in China, and the economic toll is climbing with every passing day (for comparison, the estimated loss from the SARS outbreak was $40 billion). Now I don't think that this is going to benefit Bitcoin in any way. The Chinese citizens remain one of the largest groups of Bitcoin users and if they have less money to spend, then they will start dumping their cryptocurrency holdings, and naturally the exchange rates may plummet.

There you have the connection, the new lunar year is an auspicious period in the Chinese calendar and as a result it is celebrated for days, and since no trading activities of any sort is happening this period, many people prepare ahead of time including the btc holders,  lots of Chinese cash out to celebrate the lunar year and this has a direct impact on btc since Chinese are the majority of crypto enthusiast,

However,  the outbreak of coronavirus has some how prevented that massive dump, so in a way their is a connection there but i don't like to duel on that because i know people are losing their lives as a result of this virus.

Corona virus would have nothing to do with bitcoin but it might affect the price for few coins which are related to the medical science and also we could see some bullish movements into the charts of few forex stocks. Bitcoins have least relation with the corona virus as it is no where related to each other.

Yes, if people who are suffering from corona virus and those are big whales and they sell their coins just to recover with the virus than we might see a bullish trend but it would never be possible. People who have excess amount of funds into bitcoin would never just cashout to fight the corona virus. This has no direct relations and also we could not yet see any bullish market signs on the market charts of bitcoins.

I don't think it has a big impact on the Bitcoin market, the fact is that the price of Bitcoin is still stable at around $ 9k and I haven't seen any signs that the price of bitcoin has dropped at $ 8k in the last few days. but whatever we all will never know what will happen next, but I think Corona Virus does not have a big impact on the price of Bitcoin.

While many do not seem to see an effect I think it had it, when the corona virus made the news the stock market went down, gold went up and bitcoin went up as well, this means there is uncertainty about the extent this disease is going to impact our world and people decided to invest some more money in assets that can hold their value and this included bitcoin, obviously bitcoin was already in the middle of a positive trend but I think it had the effect of prolonging and making that trend even stronger.

Corona Virus and Bitcoin have no major impact on the crypto market. but maybe there is a negative impact on cryptoqurrency users there, they are disturbed because they can't work as usual and may not be thinking about crypto, I mean they are not focusing on work in this industrial space (only crypto users).

I think there is nothing to do with bullish Bitcoin with the corona virus. Corona virus is a virus that infects the respiratory system, not infecting software or hardware systems. ;D

It has nothing to do, because I only know that the rise in the price of bitcoin occurred even before the corona virus spread and circulated in the news media in every country. If indeed it is related, at least the corona virus has become a serious problem before the rise in the price of bitcoin occurs, that is a simple thought because in reality every bitcoin price goes up and also goes down, there will be many people who associate global problems with the crypto market, because I think it has absolutely nothing to do.

I agree. It does not seem to affect significantly, because the corona virus in China, while only in its small area and not yet have far-reaching effects. The rest of the cryptocurrency trade is still running as usual and no major changes have occurred since the issue of the virus was circulating. Maybe this will impact if the scope is wider and global, but I did not expect that to happen. Hopefully our sisters and brothers in China can be patient and survive.

in my opinion this has nothing to do with bitcoin because it's different, the Corona virus is a contagious disease. while bitcoin is one of the amazing technologies of science so I don't see any connection between bitcoin and the Corona virus.

They are too much different and so corona virus has nothing to do with the current pump of the market price. And i don't think affected people will still think of bitcoin market rather than thinking of their own health how to overcome the current phenomenon. Not just Chinese but even other nationalities are into thinking how to avoid corona virus as much as possible.

I don't think it affects global bitcoin prices. it is possible that in China this disaster will affect the crypto trade and also the price of bitcoin.

If you listen to information from social networks where Chinese citizens turn to people for help, because there is an acute shortage of various medical devices and personal protective equipment to prevent the spread of the virus and begin a real fight against it.  The government hides a lot of information and tries to inform the public that an antivirus has already been found.  In this regard, cryptocurrency users who need additional cash can withdraw a certain amount of bitcoin for sale, and increasing the offer on the market can reduce the price of bitcoin by several levels.  at least today there is some lull in the cryptocurrency market and I hope that coronavirus will not affect pricing dramatically.

Actually for me it's not even corona virus. I think every time the price crashes or springs up, people immediately put a reason to it... and it's usually so completely silly. I mean the flu virus hits Europe and kills hundreds of people at the same time. Yes guys this is a flu, just mutated. Just cause it's China everyone makes it such a fuss.

It's crazy to see this situation link to the bitcoins price since in the first place there's no picture could relate them up since both have different situation and there's no outage of anything or whatever out there that's why we can still bitcoin pump up eventhough there's a plague happening on China. And instead of thinking these craziness maybe it's good for us to pray for the Chinese welfare since it's Global problem and if they fail we will also fail.

Could you explain why you have this think? Is there any related among bitcoin with any disaster in this world? I think there is no! Bitcoin is a currency or an investment place and corona is an illness so as there won't be anyone who sell their real asset and buy bitcoin. You have to know that bitcoin is not everything that can be used as a reference with all the issue that happened in this world. Seem like you need to learn more about bitcoin and cryptocurrency so as you can have your own perspective against everything that happens in this world.

How come that it would affect the market value of Bitcoin? The issue with regards to NCoV has risen weeks or month ago, but the market is fine unlike when the tension between Iran and U.S arise wherein it somewhat affected the price of Bitcoin that uprise occured then at the moment that the tension cooled down, the price again fell down. And at this moment wherein the virus is still a hot topic, things are not that different. So maybe, it won't affect such aspect.

2 reasons:

1) Pandemic risk: how large are the expected (economic) losses? (https://www.who.int/bulletin/volumes/96/2/17-199588/en/)


2) BTC and global equity markets have been in strong bull markets for the last decade. I don't think this is a coincidence. It has to do with global cycles in investor risk tolerance. (https://www.investopedia.com/terms/r/risk-on-risk-off.asp) Simply put, BTC is a high risk investment asset. In that sense, it's similar to overinflated equities. In times of recession (like a serious pandemic), investors flock away from risky assets and into safe havens, so BTC should decline along with equities.

Most likely, Bitcoin will wait for growth, due to the pumping of assets from various stock assets from Asian stock exchanges, but this is in the case that the coronavirus does not turn into a global pandemic. Then, on the contrary, bitcoin can drop very much.

I don't know why people are comparing Bitcoin with the coronavirus, Bitcoin is a completely different technology, which it is not infected by the virus, but this virus is found in china, which people are predicting whether there is any influence on Bitcoin, I think big no.

Of course, it is very strange to listen to the statement of many cryptocurrency users that there is something in common between Bitcoin and the coronavirus in China.  But in this situation, we are missing a very important thing, which consists in the fact that, according to expert analysis, almost 70 or 80% of all Bitcoin miners are located in China.  Based on this, one can still assume a certain influence of the situation in the Chinese state on the cryptocurrency market.

Possibly!

I do also think up on this possibility even though most people do forget on what are the roles of miners here on bitcoin community.
We know that majority of miners is located on china and if this epidemic would continue then we will surely saw the effects of it
on the entire market.

Corona virus have brought a lot of effect to the society, mainly in China but, for its effects on the price movement of Bitcoin and any other crypto currency, I think, It has no relation. Although, a lot of miners are based in China, I don't see any impact of the event regarding the prices in the market.

   I also think that viruses and crypto-market don't have any relations. Where these stories comes from? Who is publishing this informations and with
what purpose it's a secret for all of us.
   I agree that a lot of miners comes from China, but mining isn't the only job in China, there other jobs and billion people who work there. It's funny
to make connections between crypto-market and virus and put everything else on a side.