Bitcoin Forum

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.

I wouldn't go so far into dragging the markets into an epidemic issue concerning the virus. Stock indices are still doing just fine on my books the last time I checked, and most--if not all--markets are far from the epicenter of the epidemic. Business usual as they say, and we might even be nearing the end of this contagion as Australia have already replicated the 2019 nCoV in a laboratory, meaning we could produce a milder strain to negate the effects of the wild nCoV amongst humans.

Should the epidemic last for a couple more weeks/months, perhaps that's where drastic changes would happen, especially if the cases continues to rise and rise. By then I'm sure major markets would take the hit, but for now I'm pretty confident that the virus isn't affecting any market as of this moment.

At least, bitcoin is not dropping as classic financical markets. Im loosing money due to this epidemy

People are just way overacting too much when connecting an epidemic to current markets its either on crypto or forex/stocks.

Just like on what others telling here that i dont see for it to affect the market.It might create some panic but wont really come to that certain extent.

The Youtube uploader would like to make it appear that the Corona virus has something to do with the price, when in fact people are expected that this will be the case this halving year, but he has good reason because he thinks in advance and he is even using a chart to make it appear it is so.

That's an overrated reaction dude. This epidemic crisis the world facing has nothing to do with cryptocurrency markets. Stop relating every event that occured which has no basis to affect its price.

Yes the epidemic has a lot of negative effect but not to this market, but to China economic zone alone. This will decrease their confidence to go in and out of their country which affect other countries tourism cause Chinese to travel around the globe, and also their products which will halt for a while. But no relevant relation regarding crypto.

Financial analysts are trying to make a comparison with the SARS virus which appeared in 2003, it had a negative impact on Chinese growth. But the financial markets had rather reacted positively with a rather increased volatility (particularly when WHO announced an alert), the S&P 500 index, for example, had jumped by 10%.

But nowadays China's share of world GDP has tripled since 2003 so the result may be a lot different especially if restrictions start. Perhaps the markets are already anticipating (the case for DAX and CAC40) and that's perhaps why the crypto market is green too (with a positive trend + high volatility). About $700 in a week, if there is an alert from WHO I wonder if BTC can hit $10k :p

All the global stock markets seems to be doing well with the notable exception of the Hang Seng and am sure this would be because China is the epicenter of the Coronavirus and people seem to be scared, the whole thing hasn't become a global crisis yet that's why most of the world's market are all doing extremely well in that regards.

Even Corona virus was spreading, I never see bitcoin that are affect by this virus problem in China. In fact, the price of bitcoin was getting higher instead in the market, right? that is most important so far to all bitcoin fanatic here in this industry anyway. Maybe in some country they got affect by this illness but for bitcoin is not.

It may not be a Fundamental yet, maybe they may be taking advantage of it to cause some type of panic for sell cheap bitcoins, the effect of this may be usable for whales (perhaps, it is mere speculation). However, taking into account that the market is moved largely thanks to emotions, it is likely that a percentage will obey it. The effect would be almost immediate if it is considered a Fundamental, at an economic level it can be considered that way.

I don't think so. This is not the effect of the pandemic, if any, it should have caused a decline. If you think you have a good chance of dying from a spreading pandemic you'd more likely cash out and try to use that money to avoid it by buying supplies, etc, rather than holding it.

Unless of course you're ultra-rich and have already prepared beforehand...

I do not think so there is a link between the virus and the crypto market. Do not link everything with Bitcoin. Coronavirus situation is a health disaster, it only needs prayer and precautions. Any type of help if you can offer to the states that are fighting with this deadly virus would be a great step. This do not have anything to do with the Bitcoin or crypto market.

Yeah corona virus affect on the market. in some countries it affect for their currency that has decrease value. so based that i think possibility to affect for bitcoin market and make bitcoin increase price for few days. although its not reasonable and bitcoin really has value because itself not affect about corona virus or war of iran and United stated like the issues

So far, this virus has not spread dangerously to make it a threat to global security, it is largely confined to China & some countries.
the number of deaths is about 140 death, which is a much lower number than deaths due to disease or even natural death.

Even if the matter turns into a global pandemic, it will seriously harm some commodities and products that come from China, and it may affect some banknotes, but it will not be a major factor in the rise of the index or causing the price to collapse.

It could if there will be serious power issues in regions of China where most of the big mining farms are located.

The Ebola scare had a greater effect than Coronavirus and Ebola was a much more deadlier disease than Coronavirus. Ebola slightly shifted the market but mainly pushed pharmaceutical companies stocks through the roof. Coronavirus is an issue but it's being used to fear monger to people without a basic understanding of the virus.

The thing about the Corona Virus is its location, China. This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.

Even if it's more lethal there's no point of selling really, the city is isolated and at this point the spreading of virus is already supressed and I don't really think it has any affect in the long run to crypto or financial technology. It's just people being overthinking about something like this virus that makes it popular.

That is very true, we should never underestimate its impact in the global aspect as most of what we are using today is made in china. And since a lot of Chinese cities are in high alert, their production may not be as efficient as before. But right now, we can't tell exactly its effect in crypto trading but I really do think that somehow it is influencing already though not significantly.

This is the exact sentiment from my side, it is unfortunate to see an epidemic spread out like this and hopefully people are stuck in some parts of the world because of this situation and their daily routine shattered but it is not taken a global hit on the market scenario still and hopefully they will be able to contain the virus as it is a really deadly one as it could spread soon and through human interaction and i am sure all the countries are taking precaution to prevent the virus spreading out and i am expecting that and the markets will be fine.

For me, corona virus has nothing to do with the present positive price of crypto. The economy of China may be totally down with this current disaster but when it comes to the condition of the crypto market, i don't think it has any connection. Even when we say that there are big Chinese investors who may be selling their coins today, it's not still a basis of the rising value of crypto market.

i prefer your usual technical analysis vs your fundamental analysis. :P interesting commentary nonetheless.

the initial selloff in stock markets felt panicky but we've already seen a solid recovery over the last two days---monday's down gap was completely filled. the markets are reacting positively to news that outside of china, there have been no deaths and very few cases in general. https://www.nytimes.com/2020/01/28/world/asia/china-coronavirus.html

wuhan is completely on lockdown, so hopefully we're already turning the corner on this from a public health angle. while the number of infections in china compares to SARS (which itself subsided quickly), the coronavirus has killed only 1/3 as many people (133). people seem to be blowing the numbers out of proportion based on worst case scenarios.

the first time it was clear we had to be concerned there would be a corona outbreak in china that hopefully could be resolved quickly and not spread. as the colleague above said that we know that the Chinese commodity is very spread and with this it will definitely have an impact and I also can not be sure whether it will affect the crypto. because we know that the biggest crypto trade in China, maybe at least there might be an influence too. I hope this can be overcome quickly.

Did you know that it is spreading in other countries through immigrants from China? Some countries should ban their country from Chinese immigrants. Not being a racist but it is the safe way for the people to become isolated from the novel corona virus. Some countries are being quarantined just because Chinese people are still continuing to enter in some part of the countries.

Although Chinese people are a good contributor for the economic state of the cryptocurrency, because they have a massive number of population who uses bitcoin in the markets.


Regarding the damages, human lives are also a factor because people are the one who work hard in exchanges, mining, transactions, holding, and etc. Many people will become scared because of the virus that can easily transmitted through direct and indirect contact. The spreading of the disease are fast enough so that many countries are being alerted and doing precautions for them to keep themselves away from the virus. Many transactions will be postponed because of the possible effects of the virus to the people around the world.

When you want to see what the possible impact of the Corona virus is on Bitcoin, you have to look at the behavior of the people who are impacted by this virus. One thing that is clear is the fact that people that are living in the most affected areas, are hesitant to go out in public, so they mostly stay in doors.

When people stay at home, they use online services more, so eCommerce transactions will increase and retail <Brick n Mortar> shops will suffer as a result. <We know the first instance of the virus are traced to a open market, where wild animal product were sold, so people will avoid these public spaces.

Now, with more people using eCommerce sites, people might look for more payment options. <Visiting a Bank or Fiat ATM will also be avoided to prevent infection from other people and also contaminated cash or ATM keypads.>

People will also spend more time in front of their computers, trading and buying and selling bitcoins and also doing research on the subject to pass the time.

So, in theory more activity and trading volume might push up the price of bitcoins, if there are more demand for the coins. This can be offset by the people using it as a currency to buy products and/or to pay for online services.  ::)

The virus just started less than a month from now but if it remains to persist, it may definitely affect the stocks and the general price of goods in the market. As of now, businesses that produce face masks, alcohol, and other medicine related stuff are on the positive side as more people demand these products.

One thing you have to consider is the impact of the virus to the public. If people are not willing to leave their houses for fear of acquiring the virus, people who usually do their business at their house are unaffected by it (e.g. traders, stocks, etc.). But again, this kind of epidemic may be unpredictable and affect foreign relations of countries to China despite prioritizing their current health situation.

Is there really an affect of Corona Virus on the current market? I guess there are some effect of it, especially that this corona virus was first discover on some Chinese citizen. It may really affect the supply chain of the market because if this virus really comes from China and this country was one of the biggest or center of cryptocurrency it would be a large damage for us especially on the current market right now.

Indeed. When this epidemic reaches global scale, there's no knowing what'll happen not only to cryptocurrencies as a whole but to us humans in general. The destruction and the panic this may ensue is something that could really wipe us off the face of Earth. So I'm hoping that there will be a cure for this illness.

Maybe because it can be one of a reason that a full grown country like China would accept again bitcoin as a means of payment, since a virus outbreak can destroy them in terms of economic growth. If it continues and never stooped and somehow goes to other populated country, then the country will be dangerous and people will keep on leaving the place and find a new home leaving China a ghost town. That is why Chinese maybe are secretly buying bitcoin for alternatives.

This is ridiculous! This correlation is made up of emptiness. There is no reason to believe that the market is somehow dependent on the virus. It would be appropriate to talk about this if this virus would cause the death of a huge number of people. But this is not so. Therefore, any hint of correlation is just a fiction.

i disagree!
The WHO today has declared a Global Health Emergency to a Virus which
has not been detected before and so there are no vaccinations available,
vaccinations are potentially years away.

If the emergency escilates there will be effects in markets for better and/or worse,
we cannot just brush this off as something trivial.

https://www.google.com/amp/s/www.nytimes.com/2020/01/30/business/stock-market-today.amp.html

"As Virus Spreads, Prospect of Economic Hit Drives Stocks Lower"

indeed the country of china has a high cryptocurrency circulation but if it is thought with logic when everyone in china is affected by the virus then he is exposed to the disease and trying to secure his assets in any way they will exchange using local money but current market conditions it is different, with a virus like this the price of bitcoin can increase prices, I feel confused with such cases and maybe this is also the effect of getting closer to halving bitcoin so that people already know bitcoin will be increasingly difficult to obtain so that many start buying bitcoin despite the virus outbreak corona still threatening.

Are you possible saying that the BITCOIN bulls are back and it is related to CORONA?
It is just a coincidence I think
I dont like to say this but if its the case then maybe we can use some ore viruses

I don't think it's having any sort of effect on the markets. It would have to be ten times worse in terms of spreading. It  has to be bigger, like a war.

I think if the virus continues to spread around the globe it will surely affect the market for tons of people will not be able to buy and sell because they're more concern about the virus and that means the demand will slide down that can make prices go down as well and in this kind of situation specially in the origin of virus people might convert their cryptos to fiat for emergency use but that will be just for a moment where they will use exchange site but after that they will temporarily abandon their accounts because of the virus spreading.

I don't think it will happen as you worry, we can see that there are now prevention efforts, and China is building quarantine in a short time. and we can see that the market continues to climb, so it can be concluded that the negative possibility can be avoided until now

I think it has much to do with hidden research and stuffs like Corona virus might have been a product of some conspiracy many would believe and it is also for those who wants to spend or transact secretly and considers Bitcoin as Messiah and hence price of Bitcoin going up. It may not be, but just my opinion.

Absolutely, there is a coronation between the corona virus and the entire financial institutions around the globe. Issues of this nature will always arise and affect the world economy because, this virus called corona virus has no cure yet and, there hasn't be found vacillation for the  deadly Virus.

I saw a while ago on Twitter that, there has been a drop in the stock market, this may have a significant impact on cryptocurrency market. Also, many financial institutions around the affected region has been closed and more to be close soon. In my country here, malis have been close and the government are still considering financial institutions too.

Its fear mongering really.  Why isnt anyone that concerned that influenza kills thousands every year, that doesnt make a dent in the markets.  If it was in the news and lumped as an epidemic it would do the same thing.  Is coronavirus bad, yeah is it the end of the world nope.  But yeah this will effect all markets.

Personally, I'm not sure there's any relation between Corona virus and the crypto market. Crypto market has always tended to be bullish in this period (before the halving), so all a coincidence. But if there are fundamentals (beyond speculation) that BTC is in fact bullish in the areas where Corona virus is active, would be nice to underscore this as historic, though minor, but could imply greater microeconomic roles to come in the future.

The neighboring countries of China and the possibility of spreading the virus world wide in a short period is possible and that will impact any market because people will be forced to isolate and sit at home and the entire market will be shut until it is contained and there are rumors that the virus have spread to different countries and if you are not taking proper precaution then it will impact everything on its way. Jobs will be shut down markets will be locked out and it is a serious threat and since the rest of the countries have taken extra precaution everything will be fine.

It is a bit surprising but this is really a coincidence

If there will be an effect to the price of Bitcoin because of this, that would be really nothing since Bitcoin and this virus has no connection at all.

Comparing this is the same as trading the market based on correlations from here (https://www.tylervigen.com/spurious-correlations).

Lets just simply try to differentiate a market and a virus outbreak.For somehow this one do really affect some sectors of the economy but wont really come to that some sort of affecting it mainly.

We do even say that Forex and Stocks sentiments doesnt have correlation with Crypto market which come to think that they are more near and a relevant one to be compared on rather than on a virus break out.

Majority of us here would have the same views and do agree on each points.

yesterday I saw the news on television, seen a lot of stock prices seen down, but it is very different in the crypto currency market, maybe the situation in China will not affect the price of bitcoin

yeah stock market is far away from the market of bitcoin  .  infact the price of bitcoin rise  .

 the only one that can affect the price of bitcoin is when local currency down because the rate of btc and other cryptos are measured with fiat.

  corona virus is not harmful direcrly to btc but this news is something that we take seriuosly because more and more countries are now getting affected with it .

Obviously, I mean there is an outbreak in their country and they would be still thinking about their investments? I don't know about the stocks but I think it is just all happened at the same time as the outbreak. The price of bitcoin is unpredictable, it is volatile so we never know what happens. It doesn't mean that the price of bitcoin is going up, which means it is because of the coronavirus outbreak.

There are more people who die every year because of shark attacks, yet people are really afraid of something that killed only around 100-200 people. Now, WHO created a global emergency, people think something huge will happen, same WHO also made a global emergency for Ebola as well, remember that? No one in the uninfected countries had to do deal with that, only very few people died.

We are literally talking about less people dying from corona than the airplane Iran shot down and yet everyone acts like we about to turn into a zombie movie. Calm down and continue your life like nothing happened, believe me you will be fine, both you and your money is safe from corona and will be safe for a long long time, no matter how much "flu" get worse, we will find a cure for it don't worry.

You can't take the epidemic lightly. Because it is highly contagious. The Chinese authorities are doing the right thing by isolating major centers, and the other nations are also reacting properly by closing their borders and screening the international travelers. I heard that the mortality rate is somewhere around 2%. But the issue is not with the mortality, but the main issue is with the speed at which the epidemic is spreading. It is spreading at a much more faster pace, when compared to influenza or SARS.

If you are watching some news, they said that doctors are working on the vaccine for the virus. In some parts of China, some patients are getting better and better but not totally cured. According to the latest news, corona virus aren't that fatal because we just need to improve our immune system while we're not infected by the virus. Good immune system will be our defense against the novel coronavirus outbreak and that will help us for a fast recovery when we're infected. But no need to worry, because I know that every government has doing something about it.


Face masks is in demand, many stores are grabbing the opportunity to reproduce more so that they get so much profit. That's good for them but bad for the people because they need to spend money just to protect their health due to the corona virus. Roads are not safe, travelling is not safe, and people are very scared to get the diseases so people tend to not go to work. Market is very affected by this novel corona virus so that it has a good and bad effect to the economy.

I do believe that if the corona virus has done anything to the marker, especially the crypto market, it is to affect it positively. Many people afraid of the corona virus and it's transmission will have avail themselves to the prospect of digital money. They'll realize that it is more safer and more reliable than transacting fiat P2P.

If the virus is spread around the world, it will affect any market. Not just the crypto market, including the stock market. Because where people are concerned about life, people will not think about trading or invest. Then it will have a huge impact on the market. China is the big market for crypto trading so if something big happens in China, it affects the crypto market. So now I think the Corona virus could have an impact on the crypto market. Any side can take the market ups or down side.

I don't know where to find connection between nCoV and the market situation. It's a big crisis in China and even now that other countries are being affected by this virus, especially those country in Asia. But does it really have an effect with the market price? Maybe it can affect, but wouldn't give a major impact.

I don't think they will prioritize money nor having digital transactions in buying their necessities because most people in Wuhan are panic buying their own needs. And I think, the Chinese government are helping them as well.

With this kind of situation, money isn't that important anymore. Well you need money for your foods but having too much or saving money isn't important because it's their health they have to prioritize.

Corona virus is not spread on that great extend in China until now and only few parts of the country are been infected. Moreover, I cannot find any medicine for such virus and hence it might be something which could spread similar to the wild fire into the dried forest. This might be unstoppable if the antidote for such virus is not found.

There are people who are painfully suffering and ending up in death due to this virus and hence, most of the people might be conscious about their health which might make them spend most of the savings, earning into being safe and away from the virus. Also, the treatment for such virus might be much costlier so people would indeed need money to fight such chronicle virus and hence they might move their funds out of bitcoins.

Okay , so let's see , more than 250 people are dead because of Corona virus in US . Now I am not saying that it is a small thing but you know we are making too much of a big deal about it , now as long as this number doesn't make it an epidemic till then it's fine , that is when the markets are gonna be affected , right now it's a problem that scientists are struggling to prevent , the market is not being affected trust me .
It would take a lot more than that to affect the market.

I don't think NCOv have effects on the market right now , I do not know the real reason too why the market increasing. But Im very thankful right now because that is happening . Other people are believe becayse of that virus why bitcoin increase and I don't see any connection about this.

Anyway I hope that corona virus will stop spreading to the other people and discover a cure so people will be safe from that threat.

These situations might actually turn bad for bitcoins or any other investments like stocks, commodities, etc because in situation like this, people would never count money but instead they would run for a better health and to stay away from the contagious disease which is spreading rapidly.

In these situations, most of the people from the infected city/state might not even continue with their work and might sit home just to make sure they do not get infected and in this situation, they might lose their stable source of income which might force them to sell their bitcoins in order to fulfill their daily needs. This might than affect the price for bitcoins and we might see a dump if there are huge number of people following the same.

I always have been seeing the same topic all over again, and i always keep saying that corona virus will not have any effect in the crypto market because while it is spreading in every country, it will not help the market for more people will invest and store their money in crypto.

We will see the real trouble if one day the trade agreements with china gets lower because of this but lets face it, no company CEO will ever make a change due to corona virus since its still cheapest form of manufacturing and even one day Tim Cook hears that all iphones now carry traces of corona virus, they will just come up and say "we clean it very well" and still sell it because the sweatshops in China where they work little boys and girls for pennies are the reason why Apple could make so much money, if they ever want to build a place in USA where they manufacture, hire american workers, pay livable wage, cover insurance, let them unionize etc etc that would mean literally x50 the cost of current system for them and less profits.

They rather let iphone users die of corona virus than lose profits.

Stocks of chinese based companies are falling but it doesn't hit the crypto market until now or the investors changed their asset from stocks to cryptos due to this issue.But the recovery of fall will take too longer in traditional market so possibility of crypto prices will increase further more if the issue hasn't been resolved sooner.

The effect in the crypto market has been the opposite of what people really expected. Some were saying it would cause a decrease as a lot of people were expected to start selling their coins at this time, but instead of that a lot of people have chosen buy more of he asset and store and that has caused a spike in market price with the price reaching as high as $9,300+.

I know for sure that it is not just going to end here, there’s going to be more people buying into, analysts have predicted $10k as the next move, only if the bulls will defend this level aggressively.

The Chinese stock markets are obviously taking a hit.

Other than that, though, I really don't see any real affects on cryptocoins. It's completely ridiculous to try to attribute the recent corrections that BTC has seen onto an event that is widely overhyped, and will likely not transmit into financial markets as much as some people do expect.

BTC markets are quite idiosyncratic to begin with and does not tightly correlate with real world news, despite the fact that a lot of people make it seem like the truth.

right, now I'm sure more people will believe the bullrun is coming, and they don't want to lose the opportunity. therefore the rally will re-occur, and maybe most of the crypto will follow in the footsteps of bitcoin, hopefully a new peak can be formed again, so that people will increasingly believe in crypto

Even though Bitcoin reaches more than $ 9300, it's still very vulnerable to correction, if you want to trade at current prices, think first,
because we don't know yet whether Bitcoin is affected or not

Today many people pulling out in their investment if they are affected by the virus because those funds will helps a lot to them for transferring into another country or place. There are only happens to the holder of the crypto. If they have affected they will pull out their investment and use this to migrate else. Some people will hold their money or coins because they know it wi grows up the price because of the spreading of the virus. Does the infection affect the world of marker I think yes because many people now make withdrawal process on their coins because they want to buy their needs like mask, foods, water, clothes and other basic needs to survive the virus out break.

Currently, the price of bitcoin is green which means it is starting to improve it's price, but i don't think that the corona virus outbreak is the reason why bitcoin is started to have a good price. There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.

It has had quite an impact on the Chinese economy with how very large cities have seen a dramatic decline in productivity and directly economic growth. In this case it makes sense that there is a negative effect on the market.

In crypto it's nonsense. People shouldn't hope that the Corona virus is causing the price to increase because if that was actually why the price went up, the price would give back its gains when the situation around the virus calms down.

You definitely don't want Bitcoin to behave like a safe haven because it would miss out on the mad gains during a decade long equities bull run. Gold as safe haven performed very poorly in the last decade.

Agreed with you that although bitcoin showing positive trend lately but i don't think it caused by corona virus and so far as this plague was so widespread in china so the biggest impact probably only on that country itself that people cannot go to works and doing daily activities and i think if this continue then china economy will weaken

I think it is very fortunate that the corona virus is not spreading quickly because if all countries are affected by the disease and can reduce the human population in the world and make many people panic then it is certain that the price of cryptocurrency at the exchange will collapse because more people will secure their assets, I hope this epidemic can stop quickly and there are no more casualties.

You don't need to be smart to know the answer to this question! Farmaceutical companies will make a lot of profit, they are making the profit now. The companies that produce masks will make a profit too. Chinese goods, at least some goods will have a drop, a huge drop.
To make it even more simple, everything and anything connected to protection and curing Corona virus will be very profitable. Everything and anything that's connected with spreading the disease will have a drop!

The corona virus is just too over hype that leads to a misleading information in some other countries that creates a panic that's why there is a lot of mass mask buying yet they don't know what actually the virus is or how it could survive to its host. A proper lesson is required to not to overreacting to the NCoV since there are worst viruses already before who didn't survive that long in the tropical countries.

The epidemic is showing no signs of slowdown and every day thousands are getting infected. New cities are being placed under lock-down in China. Now it is sure that this will lead to hundreds of billions of USD worth of financial loss in that country. Investors will be left poorer and many of them will be forced to sell their Bitcoin holdings to cover immediate expenses.

This virus started December last year, and its not a serious virus before but unfortunately it get worse everyday and now this is the result. Almost all the establishments on the affected area are closed and not making any money because of the fear for their life. The stock market goes down and some investors don’t know what to do anymore especially they are being locked down on affected areas. Crypto market seems unaffected but I hope bitcoin can help them rise again.

It is not a shock that China would be affected by this, of course they would be, and in a sense that even the world markets would because lets face it, the world depends on China way too much, one of the main reasons why China gets away with murder of anyone they want and being a dictatorship.

However, remember that there has been virus and scares all around the world every single year and we just went with it alright without major issues, Sars, Ebola, Swine flu etc etc all were a scare back in their day and we were all mocking about how plague inc. is becoming a reality and so forth yet in the end not many people really got affected, sure its sad that few hundred, even few thousand people dying for these diseases, however that doesn't mean we should overreact to it like its end of the world neither.

Til this day remains one chart behavior - usd is getting slightly lower, yuan is falling, btc is climbing up and the alt market is obviously following btc

China's intensely controlled securities exchange is a moderately immaterial pinion in its economy, however the following not many months are probably going to demonstrate difficult to an economy despite everything reeling from its slowest development in three decades.
This will may affect the crypto market negatively and positively.
Negatively as China is more concern at restoring sanity of the population health in order to maintain its place in the world economy.
Positively,  as a lot of person would prefer using electronic transaction to reduce bodily contact with people.

Coincidence.

Cryptocurrency isn't a safe haven asset, so there's no reason to think it would benefit from a pandemic. In fact, quite the opposite I think. (https://bitcointalk.org/index.php?topic=5221542.msg53763305#msg53763305) If a full-fledged and prolonged global pandemic develops and ushers in a global recession, I would expect all high risk assets (like stocks and BTC) to fall together.

That prospect has not been priced in by global markets. That's because there's a good chance this will all blow over, which is why there have been no real secondary effects on the crypto markets yet.

If the S&P500, DAX and others actually crash, it'll be a different story.

I don't see the connection may be the uploader of the video just want to connect and is finding reasons to connect the market to this epidemic, the market moves as it should be in the bear market, slowly but surely there is no drastic change since the outbreak of Coronavirus, the market is moving as expected because of the halving.

It seems that the influence of Coronavirus as part of the impact on the economic system has become wider than anticipated.
After all, the absence of China in the world market affects the production of everything that was produced in China.
In some regions, the use of face masks has stopped, because they were made in China.

There was some WhatsApp messages were going on about the people were picking up masks from the street side to repacking and selling purpose. After watching those kinds of videos people have lost the confidence to use those masks.

South Korea's Hyundai suspended operations due to no parts available. These parts are supposed to come from China.

Well, so far the price of Bitcoin has not reduced but have shown positive signs. This could mean one thing; that the majority of Bitcoin hodlers or investors are not from China. But spread across countries.
And moreover, the virus does not require investors to sell off their coins. They both seems not to correlate. Nevertheless, we hope it will be resolved soon enough.

Actually the Corona Virus doesn't really have an effect on the price movement of the bitcoin. As you can see, the price of bitcoin is continuously moving upward meaning it doesn't really have an effect at all to its price. Maybe this circumstances does not have a relationship to the markets price movement at all

It is a little too recent for this virus to be a real implication in the evolution of prices.
W8 & SEE

Well, some say the reason why the price is increasing is because of the coronavirus happening. When the outbreak happened, the price increases. Obviously it is a coincidence, no matter what they say this is a coincidence. What could be the connection between these two that can affect the other? Nothing since they have no connection or relationship at all.

Indeed, corona virus is becoming a fever and a topic that is discussed and researched by all countries all over the world but overall, the influence of the virus is not related to the crypto and bitcoin markets because this disease only delays traffic, limits the movement of people. While this market does not require these factors, we can stay home and participate very easily in the market, and what is very positive is that the value of the whole market is going up, I even suspect that more people at home lead to making money and investing online becomes more vibrant

This topic could be the last place where people are still talking about corona virus. Look at all the world and even WHO right now, they already forgot and they weren't really scared of it in the sense that they were scared of dying, they were scared of a world ending scenario if that were to happen and it didn't, so thousands may die from Corona and everyone is fine except those 1000 people and their relatives, all people care is the fact that it shouldn't spread and kill millions all around the world, if it kills 10k people in Wuhan, it is okay to them.

However, markets would be affected a slight bit of course, nothing major that can't be recovered later tho, Japan, China and even USA could be affected but its not at the point where it can't be recovered in a month with good profits

I agree with this, obviously at the beginning of the outbreak there was a negative reaction from the markets but it seems that even if the current outbreak is a disaster and we should feel sorry for the victims the virus is not as lethal as it was thought at the beginning, which means that the markets will continue as if nothing had happened.

As such we cannot conclude that what we are seeing is the result of this new virus, I simply do not see a correlation and those looking for it are just trying to find something to explain the movements of the market when the only thing they need to watch to understand the market is the price.

Lol the coronavirus has mo longterm effects on the market.  Just like in any other outbreak there is no lasting market effect.  It's just headline news now, trust me come back a year from now and the price of bitcoin or crypto as a whole will be driven by some other direct cause not from a health epidemic.

I'm pretty sure the uptrend event caused by halving event in upcoming month, I'd prefer that instead of the corona virus speculation. Yea, the transaction into China is strictly isolated now but it doesn't matter and not relevant with Bitcoin anyway.

It can be said that is something that happened by chance because there is even an analysis that says the corona virus has a bad influence on the crypto market which occurred a few days ago which resulted in a declining price. Of course this corona virus has a bad impact on the Chinese economy but not the crypto market.

It's a bit of a way to fall back on it rather than assume the original market (Exchange FIAT) .

Declining prices? Which prices are you talking about? I have checked the charts for the past two weeks and there has been an increase in the exchange rates for Bitcoin. Are you talking about the altcoins? But the altcoins have also gone up in value. And some of the alts such as Ethereum and Litecoin had a larger spike when compared to that of Bitcoin.

There is no effect at all if they are it is only on the good side . Like using bitcoin as a term for a new way to send  donation something like that  maybe it will affect fiat currency of china but not bitcoin or any other crypto currency . You can use bitcoin as advantage in this situation but it will not affect the price .

with the weakening of the Fiat currency and the stock market, this will be a boon for the cryptocurrency to return to success like 2017, traders will definitely choose the cryptocurrency to trade,

The price of bitcoin and altcoins have sudden improvement to it's prices, but i don't think that the putbreak of corona virus is the reason behind this because it will not help every cryptocurrency to increase it's price and increase crypto adaptation everyday. Also, if fiat currency will start to become weak it will be the chance for cryptocurrency to become successful.

If this virus takes to long to get a cure and wreck havoc all over the world, all the economy will suffer from this, the market will have an advantage because people will start converting their assets to Bitcoin, because the economy will slow down because of this epidemic that might soon become a pandemic.

It's scary that the world is suffering from an acute respiratory infection caused by the corona virus. In my country, students are allowed to be absent from school for disease prevention. We all know this disease came from Wuhan city of China and then spread to countries around the world. I wonder if this epidemic will affect the cryptocurrency market?

Well it might affect all if affect the miners the people who have exchanges and other, it can happen really bad thing if is not stopped.

I cant really connect how this affect the crypto market especially when the country that affects most is China that has a long time ban crypto. If we see upsurge then probably due to some panic sell from neighboring countries such as Japan and Korea. People might want to sell to use the money to cover the medical expenses. I watched on television a few days ago that a huge sum of $250 million will be given by the WHO to help fight viral diseases. Hopefully, the disease doesn't impact the market adversely.

We all know how bad is the situation with coronavirus, regarding the influence of the change behavior of the people in behalf of the virus it has a positive impact on the market, people dont go to work so there is more time for crypto, as long they are healthy of cours.

I have returned to my city after the holidays and I have noticed that economic activities have cooled down more than before.  That's not a good thing, the unflowing money flow won't create value and I'm feeling that people are stockpiling their assets or converting them to another type of asset for security.  If the epidemic continues to spread, there is a risk that the world economy will collapse in some countries and may spread to the whole world.

Corona Virus effected in the cryptocurrency not agree to relate that. After corona virus market can be down trend but what's reason to bull run. No relation between corona virus and crypto market, i think it happened coincidentally. From this time market is going up that means after this situation market will go downtrend? China is huge affected in specially their economic and different sectors.   

I think there's a connection between the coronavirus and the crypto market after all. At least with bitcoin. If there's an epidemic in China, the course could grow as many users of the crypto market. And don't forget that over 60% of the farms in China

indeed the corona virus still cannot adversely affect the price of cryptocurrency but when a disaster strikes China and consumes 50% of the people there it will have a big impact on the economic movement there and cryptocurrency will definitely be affected but by what doctors are working hard can cure many corona sufferers.

At present the price of cryptocurrency at the exchange place has increased due to the possible influence of the halving bitcoin that will be getting closer so that it gives an impact on other cryptocurrency prices that make the price go up.

Let's not be pessimistic and optimistic at the same time. The price chart is taking a good path but that doesn't mean that it is because of this outbreak. All we know is that the economy is largely affected and that is not just applicable to China but to other countries as well that is exporting and importing goods and other things into a country like Japan.

Now we're over 10k haha
In the same way that the incident has caused some spikes in the market, some people are aso badly affected such as some china based exchanges i know of. It has created a lot of panic among users as several people have no idea whether exchanges are coming back or not or probably the team might use the incident as an escape plan of stealing funds and shutting down completely.

Bitcoin has nothing to try to to with the Coronavirus The Coronavirus is a plague that directly attacks the lungs and damages health Bitcoin depends on market conditions. we should always all be positive about Bitcoin Bitcoin prices have increased tons since then Hopefully it'll go further The virus can never affect the market The coronavirus causes harm to human health.

Corona virus is the biggest disaster in the health world, especially for Chinese citizens. And I'm very sorry to hear this,
but to give effect to the market, especially on the price of bitcoin, it seems like there is no relationship at all. Even investors
bitcoin many Chinese people. But in my opinion it does not give any effect on the bitcoin market. Because by spreading
corona virus does not make people buy or sell bitcoin. So from that I am very sure that corona virus does not give effect
against the price of bitcoin.

Coronavirus is an infectious virus that has never spread to humans before. The corona virus is a family member of the virus that infects the respiratory tract. The virus is spreading from person to person. Everyone needs to be aware of this virus. It has no effect on the Bitcoin market.

I am not sure whether 60% of the mining farms are located in China or not. But as far as the hash rate is concerned, almost two-third is concentrated in that country. But the proportion for the number of farms will be lower. Because most of the farms in China are giant-sized, with heavy hash power. Anyway, I am not noticing any significant decline in the hash power for any of the major cryptocurrencies.

The market is affected due to high concerns..  for the economy in the real world such as exports & imports then the stock exchange is indeed very influential but for cryptocurrency, I don't think it will be affected by the coronavirus which is currently viral.  just look at the cryptocurrency market, almost all coins have a good price increase, this proves that the coronavirus does not affect the cryptocurrency market.

There is no correlation between the coronavirus and the ups and downs of the price of bitcoin. But the coronavirus is clearly hitting the Chinese economy, the cost to block the spread of the virus and treatment of sufferers is indeed costly but will not last for a long time. Some shares in China certainly experienced a decline due to a slowdown in the Chinese economy and a rejection of Chinese export products, but in my opinion shares in China that relate to providers of medical devices and health services will certainly increase along with increasing demand in the real sector.

One of my colleagues in China informed me that the conditions in Wuhan were horrible, but in other areas, the conditions were still conducive. And they are sure all will gradually improve in a couple of weeks. So, in my opinion, the economy in several areas in China is still moving despite the slowdown.

Coronavirus gives us a lesson that, our technology is still vulnerable because it cannot predict or even prevent the emergence of corona outbreaks. And when natural anomalies occur because of human activity, wealth, technology is no longer valuable. Even individuals have a loose appetite.

Yes, corona virus has made us all panic but i don't think this epidemic will create a huge effect on the market. It has nothing to do with the current positive market condition. China is suffering a slowdown of their economy and maybe some of them are already selling their bitcoin just to overcome the crisis that hit them but i don't this will eventually create a positive impact on the crypto market.

There will be an effect because Chinese will now focus on Indoor things that may lead them to check crypto or if they already know about this then they may trade more because of none contact activities they have.

with more than 1000 people now died because of this virus i am sure it expands also the scare to the people of China specially from that province .

but not that obvious effect because we can still see that market is getting High and Low meaning investors are going in and out,lets see what will happen after this this controversial virus has been cure if the effect is truly from the scare or just manipulation.

I agree with what you say. It is due to the fact that people will spend more time being in front of computers at home, this will contribute to the fact that their knowledge about
Bitcoin and cryptocurrencies in general will expand.

It is impossible to say unequivocally that this will lead to an increase in prices, but in the future, mass adaptation of cryptocurrencies this will definitely be useful.
I do not think that the coronovirus epidemic itself will directly affect the growth of bitcoin.

I just see no reason for this. During such crises, people need food and medicine and not additional assets in their accounts.
If the crisis drags on, it is likely that Bitcoin holders, on the contrary, will be inclined to sell their assets in favor of the means necessary for life.