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Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.

I am not surprised of this story since the market can really be reacting to anything whether that something has direct, indirect or even no effect on anything. The market is based on psychology and perception. We know that many industries are affected right now with the ongoing 2019-nCov menace especially in China, and we know that whenever something bad is happening in China the global economy can somehow be affected. Hopefully, while the virus has drawdown effect on the traditional economy this can however push Bitcoin up.

Basically no one wants to go to China now. Most of the neighboring countries are already closing their borders to stop this virus from spreading. The number of infected people already crossing over all SARS.

https://i.imgur.com/DnpAjjV.jpg
Source - thewuhanvirus.com/


Particularly travel industries will affect the most and this indirectly brings down the countries economy if their economy depends mostly on the travel industry.

Airline industries also will be affected by this because of canceling many flights to China.

Where the most numbers of people are affected will reduce their social activities and this is nothing but spending less and small businesses will affect.

It is not that amusing as the virus that started in China has already spread to over 18 countries and it is a deadly virus and if it is not controlled properly it will reach your neighborhood sooner than you can expect and it is a global emergency right now and if something like that happens that threatens everyone then the economics will get affected and that will reflect in the stock market. The drop in the US market was recovered in the end but these types of global Pandemic will have an affect on the market and there is no cover up :P.

The Corona Virus will hit the Economy of China for sure,but I doubt that it might hit the US or global economy really hard.After one month,the virus will be under control and we will forget about it.
By the way,today is Brexit,I don't know if it's going to influence Dow Jones and the global markets,because it was an anticipated event,but the global markets are becoming more and more sensitive about everything that happens around the world.

Where's o_e_l_e_o when you need him?  I'd like to hear his opinion about this, as I strongly suspect that this whole thing is being blown way out of proportion, just like SARS, swine flu, H1N1, and whatever other bugs have made the news in recent years.  Yes, they all can be deadly--but so can the regular flu virus. 

There's not just one corona virus, by the way.  It's a whole family of viruses, and they're nothing new at all.  One of the strains just happens to be a bit more deadly than previous versions, and even then it hasn't killed that many people.  I don't know the numbers, but I'd like to see a comparison of the death toll from this new corona virus with that of traffic accidents.

I also don't think any of this has much to do with the stock market, bitcoin, or any other investment unless you consider some pharmaceutical company stocks.  Whoever is working on a vaccine will probably see a bump in their stock, though it'll be temporary I'm sure.

All that stuff is pretty serious, more serious than regular flu, but modern science is pretty good at dealing with it, we now understand how to slow down the spread of viruses, we can develop vaccines, we can cure sick patients. It's very unlikely that we'll have something on a scale of the Spanish flu or the Black Death ever again.

As for its relation to Dow Jones, it doesn't look like something out of ordinary, I checked the 1yr chart, and this recent drop looks just like the previous corrections, which is totally normal during a bull market.

A lot of these threads are popping up basically about the same thing.  The price drop in markets is due to the fear mongering by the media.  A year from now peoe will barely remember what the big deal was about coronavirus like every other "epidemic".  Look at it as an opportunity to buy.  But as for the stock market I think it is overbought to begin with so this might be a start of a downtrend just coincidentally lined up with this coronavirus outbreak

Few days ago I was also scared of the virus when number of holders doubled every 2nd day. Now things are calming down. Number of holders doubles every 3rd day. Chinese are perfect organisers. And I speculate the doubling period will keep prolonging until will stop and halvings will start.



Also Chinese tourist will not go out of China. Chinese tourists are huge chunk of worlds tourism.

I'm a registered Microbiologist myself, and I'm personally handling the tests on the quarantined patients who are suspected to have the 2019 nCoV-ARD in a hospital in the Metros. The symptoms are basically just like your regular flu, though the R0 value (contagious value) is quite high and exceeded that of SARS-CoV and MERS-CoV (R0 > 2.5). Anyway, just like any other coronavirus known to Man currently, proper sterilization of equipment and tools, plus regular handwashing and water intake can help fight against the virus.

Currently, a vaccine is being created in Australia after they have successfully recreated said virus within their laboratory (kudos to them), and it's only a matter of time before the epidemic is isolated and contained. To my surprise, the Dow Jones is affected quite roughly, and this might be related to the said outbreak since no one wants to deal with China right now. Not even their exports are being accepted anywhere. Then again, things are subsiding and we're off to introducing a cure to those affected by the flu.

This drop in the indices wouldn't last long. People are scared because most are misinformed, so the normal reaction would be hysteria, panic and carelessness.

Well that's truly amazing and thank you for the lab insight on another virus, none the less there has been countless stories of Ebola in Africa and it hasn't seen this type of coverage correlating with the Dow Jones price. Maybe location is a key factor in all of this? And am I reading this right a 500+ Point drop today?

The market was looking for any bad news to drop.  The market cant go up forever, there needs to be drops to keep it healthy.  This would be a much needed bear to normalize and reach a new bottom resistence.  Will see over the next couple of months if it plays out like this for awhile

but I think the potential fall in cryptocurrency prices when there are many viruses that spread this could collapse because I am sure they will try to save their assets and make withdrawals to the local currency to secure its assets and to be on guard, so the possibility of falling prices will still be still happens even though there will be halving bitcoin.

It isn't enough to be called "deadly" tbh. It's just that it's in the realm of the "unknown" and as such, feared. A lot of misinformation was being disseminated regarding the Corona Virus, some being one, the Virus would most likely affect only those of the elderly or the young and those with weak immunities. Most of the deaths of the Corona Virus in Wuhan were actually the elderly, so most shouldn't become paranoid too much. Two, Face masks are nice and all, but what's more important is the hygiene and immunity of the body, which is a level higher than that of using face masks.

I found some articles that said some have been healed from the virus, but I'm not particularly sure of the validity yet so put that on hold, but really, I want to know if someone has the answer. All the authorities are saying is about the death toll, making the panic spread more widely.

IF, and only IF a vaccine for the virus wasn't made, then maybe it could affect the economy. Tbh, right now, China with a large number of people leaving the country seems to have been already affected with regards to their economy.

If a virus spreads in the form of an epidemic then of course it would effect on economy. Because it's also responsible for a government to prevent & cure such as deadly virus. You can see on China, almost countries preventing their citizens to visit China due to Corona virus. So you can realize now how China economy has been affected. If that virus spread more countries then it might affect on global economy as well.

We're having a lot of thoughts whenever there's a quick spread disease like this. I've heard it's a warfare tactic to take down China's economy since they are the main target of the virus. But, the good news[1] is that there are news lately that says there's already a treatment for those who are affected.

[1] China shows footage of 20 happy coronavirus patients celebrating after recovering in epicentre Wuhan - amid claims that Beijing could be covering up the real death toll (https://www.dailymail.co.uk/news/article-7952313/China-shows-footage-20-happy-coronavirus-patients-celebrating-recovering.html)
Source: dailymail.co.uk

The short answer is "We don't really know yet."

The slightly longer answer is a bit more complicated. We have few data at the moment, and the situation is changing rapidly.

The R₀ value is essentially how many secondary cases you would expect to be created by each infected person. The most recent data I've seen (https://www.medrxiv.org/content/10.1101/2020.01.27.20018952v1.full.pdf) puts this at 4.08. So each person is expected to infect 4 other people. This is high. Seasonal flu has an R₀ value around 1.3, and flu pandemics have an R₀ value around 1.5-2. SARS had a similar value, of between 3 and 5, but as the graphic shared by MinerHQ above shows, despite similar R₀ values, 2019-nCoV is spreading exponentially faster.

Mortality rate is currently estimated at between 2 and 6%. Again, this number is constantly subject to change as the situation develops. For comparison, SARS had a death rate of 10%, but seasonal flu has a rate of <0.01%, and H1N1 or other more serious flu strains are around 0.02%.

So we have a virus with the potential to spread rapidly and the potential to cause between 1 in 20 and 1 in 50 to die from it (based on current data). We also know this virus can spread from person to person. The first confirmed cases in Germany was transmitted from someone who has a "brief and nonspecific" illness (https://www.nejm.org/doi/full/10.1056/NEJMc2001468). We also know that you can be infected and infect others while being completely asymptomatic. (https://www.nejm.org/doi/full/10.1056/NEJMoa2001316)

Quarantines on Wuhan will achieve very little at this point, as local epidemics of the disease have already been established in multiple Chinese cities (https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30260-9/fulltext), including some major transport hubs such as Beijing. These local epidemics are likely lagging 2 weeks behind that of Wuhan, and similarly, spread from there to other major cities around the world a further 2 weeks behind that. Around 5 million people left Wuhan prior the quarantine going to effect, due to Chinese New Year celebrations. China has something like 4 times as many air passengers today as it did during the 2003 SARS outbreak. It is likely there are thousands more cases currently undetected, and it is likely many more countries have cases than we currently know about. All in all, this certainly has the potential to become a global pandemic, which is why it has been declared a global emergency by the World Health Organization, the United States, and a number of other countries.

Current data suggest that it is a fairly stable virus, meaning it doesn't mutate a lot. This is a good thing for two reasons. Firstly, it's less likely to mutate in to something even more lethal or contagious, and second, it makes it easier for researchers to develop a vaccine. Vaccine development is already underway, but it's going to be months before it is ready for phase 1 trials, and up to a year before ready for general use. There are some reports starting to emerge (http://www.xinhuanet.com/english/2020-01/30/c_138742163.htm) that various antiviral drugs already on the market may be effective, but these reports are very early and currently of low quality. The global response to this has been a lot faster than previous potential pandemics though, in terms of genome sequencing, quarantining individuals, public health measures, and so forth. It's simply too early to tell which was this is going to go.

For anyone who wants to keep up to date, there's a great visualization tool here: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6. The WHO Situation Reports are also a good resource: https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports.

Now, in terms of how this affects to Dow Jones. Airlines are suspending all flights to China, which is a huge portion of their revenue. China is the second largest oil market in the world. So much manufacturing takes place in China. We've seen shares of related companies - Delta, United, Chevron, Exxon, Apple - all take a big hit. Chinese markets are still closed from their New Year celebrations, and won't open again til Monday. I'd expect another dip then. But damn it Jim, I'm a doctor, not an economist.

First of all corona virus isn't deadly itself. It's similar to pneumonia and it can cause complications to people that already have some serious health conditions that might result with death  But the percentage of people who are affected and die is relatively small.
Such virus threaths, if they last a long time can cause problem also with world economies but currently I don't think that is the case and especialy it doesn't affect cryptocurrencies.

This stupid virus could be the real reason of 2020 recession

Now by all means im not complaining but has anyone seen how high the Dow Jones has gone up while Donald Trump has been in office?

first, a deadly virus that spreads in various countries will make its citizens die, then economic assets there (countries affected by the virus) will be in vain. meaning many assets but no users. maybe that's what causes the economy to weaken. and if it continues and there is no prevention and treatment, then the victims will continue to grow and the economy will weaken even more.

I would like to have the same confidence as you, but the number of cases every day only increases, the vaccine will be ready, at least in a few months, if they do not miss the stage of clinical trials, and you are talking about month.

I think this outbreak will have a pretty serious impact on global markets.

Haha.. Wow.. Could you elaborate on the "pull a cryptocurrency market"?

Corona virus which started in China had greatly affected their own economy and since this virus has already threathend worldwide, then it's very possible that those affected countries will also be facing an economic crash. Corona virus may not affect the crypto market indirectly but those people who suffer from corona virus may greatly affect the whole market.

And suddenly it makes some other assets go higher, like bitcoin for instance.
It grew out of some strange twisted logic which I barely can understand.
But it surely does something with short players inflating the market at the moment.

If I'm not wrong, SARS total number of killed was around 779 and the percentage was around 10%. But corona number of infected people are very high but the percentage of death from this virus is not so high. With this low percentage itself already the death toll is around 500.

https://i.imgur.com/mNlg0B4.jpg
Source - thewuhanvirus.com/

As per the experts, the number of infected people even goes high for the next one to two weeks and later it may start slowing down.

This surely has a greater impact on the Chinese economy because it may take more time to eliminate this virus completely.

Cathay Pacific asks 27,000 employees to take unpaid leave as coronavirus outbreak hit demand - https://www.channelnewsasia.com/news/asia/hong-kong-airline-cathay-ask-staff-take-unpaid-leave-coronavirus-12395946

I do not know if the Dow Jones price drop will decrease but the coroner virus will hit the country's economy It will be a hindrance to global development. The coroner virus epidemic and its prevalence in Wuhan one of the largest cities in China has spread everywhere in the world Control should be done as soon as possible The condition of the markets will decrease the demand for Bitcoin will decrease.

American economy being affected by china is such an indirect situation that maybe the problem is no longer about china but the way economy is shaped.

Dow Jones got high a lot and the american economy looked like booming, yet the only reason for that to happen was the fact that Trump made sure rich companies and rich people didn't paid too much tax and gave them a trillion dollar tax break, now that is amazing for the bigger picture of the economy because a trillion dollars at the hands of the companies would equal to more investments and more jobs and more profits, yet the companies mostly decided that it means more profits for the shareholders and they gave it away as bonuses to CEO's and the board plus shareholders and it was already done. Unless trump gives them another break, that was done and finished, now it will go back to how it was which will drop the price for sure.

There are more and more shops and factories closing in China due to the Corona virus (such as Apple, Nike, Starbucks, ...) but still the Dow Jones is very close to its ATH. I would expect that the stocks would be dropping day after day, but the inverse is true... Nevertheless, the economic impact will be huge and I still expect a correction in 2020.

I do not see any other options for the development of the situation except for a full-scale fall in the markets and stock exchanges, in particular in China.
If I’m not mistaken, on Monday, during the opening of exchanges, China will throw a large amount of money into stock exchanges to compensate for the situation related to Black Monday.

I think that the stock market will pull a cryptocurrency market.

Well seemingly the Corona Virus is spreading to countries where it is quote unquote supposed to be out of its "jurisdiction" and as of today the Dow Jones has dropped over 1,000 Points. Any thoughts or comments on future markets?

As long as there is uncertainty with this pandemic, the markets will show.  The metals market should do great.  I would jump into metals if you havent already, and then when the hysteria calms down money will flow back into traditional markets and out of metals.  I would feel perfectly fine shorting the stock market right now

You're right about that. Gold and Silver have jumped dramatically over the past few weeks but back to the main focus 1,000+ point drop? Too much right?

I see that the situation with coronavirus is gradually returning to normal. In China, the number of people infected, even though it exceeded 70,000, but this number began to decrease. Already more than 20,000 recovering. And this means that the coronavirus is not so scary. Therefore, global markets will soon return to normal.

Nope, I have watched several videos of the potential impact that this virus might have on the global economy, if it went unchecked and the outlook looks bad, if nothing is done to stop it. This virus will cause more deaths in a short period, than what SARS and Swine flue has done over a much longer period.

You have to remember that government funding for other things are now also channeled to stop the spread of this virus, so large projects and tenders for other things are now cancelled and the economy are struggling as a result of that.

You also have large events being cancelled, like the Soccer in Italy that generates a lot of tourist income. In scenarios like this, your accommodation are cancelled and local bars and restaurants are taking a beating.

This is definitely not a cover up for something else, just a natural consequence of nature fighting back. The Chinese market created a perfect breeding ground for this virus, because it brings humans in close contact with infected wild life.  >:(

I think the USA has not yet fully received payment using cryptocurrency so at the moment I see ATMs there are still few means that there are still few people who use cryptocurrency.

if indeed the price falls like this then this can be an opportunity to buy as many coins as you can by utilizing conditions like this.

This virus is a huge threat for the industry world wide. If people are forced to stay at home and not going out anymore, they don't spend money, don't work which really punishes the economy. Its essential to reduce the impact of the virus as soon as possible, if we don't want to move straight into another economic crisis. I hope there will be a useful vaccination sooner than later.

What are the harms to the economy which take place due to the plague? Of course it would depend on the amount of infected, deceased and whether there will be a ban on travelling imposed.

If companies will be heavily understaffed/not able to operate (travel ban/stay at home order), they will not be able to produce in their full capacity/at all (or there will be no effective way of transporting already produced goods). Therefore the companies will not be able to meet their contractual duties.
Example? The 1st world. hi-tech is in many elements dependant on the Chinese supply (rare soil minerals, elements produced in China and assembled in the West, successfully exported elsewhere).

Is it going to hurt Chinese companies? Sure! Is it going to hurt 1st world companies? Sure - imagine that a car/smartphone manufacturer cannot deliver for several months enough quantity of their products, as the supply of eg. screens or batteries thanks to the issues with China is insufficient. If their sales would drop thanks to that by 50% (due to insufficient supply of parts), this would be a real issue for the company related to the industry. And as often industries and hi-tech are examples of overall local economy condition, this would be a problem.

Next - internal consumption and tourism. In such a situation, the tourism would be badly struck thanks to the global panic - people will be afraid to travel abroad (or even in one country). As such, the services sector will suffer (empty restaurants, hotels etc.). And many regions or even whole countries live from tourism itself.

All these elements will be then published in reports by officials about industrial production, employment rate, GDP changes as well as corporations reports - what will take place in two months from now on.

Such bad news at the end of April can trigger a big sell-off on stocks, or even initiate a financial crisis (depending from casualties, travel ban and panic fueled by the mass media). But as this would take place close to the period of Bitcoin halving, we could expect BTC (and some other cryptos) to gain 10-15% daily because of the stock market panic.

I still can't believe we have about 8 billion people on earth and we are dealing with just 25k people infected and only 500 people dead and for some reason everyone thinks this is going to be end of the world.

Why is everyone so worried about a sickness that killed 500 people? You do realize that just from heart attacks there are millions of people dead every single year? From cancer there are another millions of people dying or dead as well? We are talking about a virus that killed only 500 when we are already dying from sickness in millions.

Cancer could be cured a bit but it is not really pushed towards a medical cure by the governments, if we invested the 2+ trillion dollars a year world spends on military towards medicine, AIDS, cancer, heart failures all would have been figured out by now, 500 would seriously be something important, but for now? It is nothing compared to real problems.

Bitcoin is seemingly dropping too. You would think the Crypto market in such situations would rise.

most countries that have legalized it, use crypto as an alternative payment method. and Fiat still seems to be the main payment instrument. Besides ATM, I think many markets still use fiat as the main payment tool, and they only facilitate crypto payments

And yet after almost a month now, it is still the same FUD about the virus.

Currently we have seen traditional market and bitcoin itself plummeting to -3%--5% because of the scare.
But I don't know if this is intentional or who are the bad entities behind the said FUD. Yes, it really amazes us how an epidemic can be used as a tool to create a lot of fear amongst investors.

This are now the overall picture:


https://thewuhanvirus.com/

So the number of infectious grew exponentially, and obviously, China's economy is taking a hit, while globally this epidemic has taken it's toll as some companies are closing down their businesses as well.

Bitcoin for instances has lost it's critical support of $9500 because of the latest wave of news coming in that several countries has also started to see their first cases of the virus. But to be fair, everyone is getting hit yesterday, but it goods that S&P is just down less than 1% today. But crypto is getting REKT, as Bitcoin is on the slide, 5% at $8700.

Along with Metals, Digital Currency should see a rise in worth. Any thoughts on this? The Dow Jones still suffered a 100+ Point Drop after a strong start, so seemingly investors are still very skeptical.

The virus itself will not cause a recession, its not lethal enough.  There is an effect but its not the cause of entire nations withdrawal.    What the problem might be is that the effect is enough to unbalance and release problems already existing in economies such as QE programs never unwound and neutralised.     The Federal Reserve rightly or wrongly has created a certain level of inflation to counter the possible debt problem and a spiral into deflation, when this small restriction to world trade comes along and production lines are slowed or stopped and altered from normal it could lower the desired benefits to loose monetary policy.
   We have that underlying weakness already and possibly this virus disruption could cause the upset to knock over a few dominos in those already financially weak with excess debt not just materially susceptible to the infection itself.

China is a large country and I dont think this is going to alter things long term, of course they should tighten food hygiene and live stock conditions but the aversion is more of a disruption then a halt in trade.   Normally it should resume later and with backlogs to bring future success again but it might cause secondary effects to weak companies or trading situations, thats the greater fear I think and not yet fully realised probably.

Another Massive Drop in The Dow Jones with Bitcoin under 9k USD and The CoronaVirus is still spreading... What's next?

@STT you’re correct as the virus has initiated a chain of events that’s going to effect the economies of all the countries either directly or indirectly, and the only thing we can do at this stage is pray that normalcy resumes quickly in China otherwise we all will witness long periods of recessions.

Sources :

https://www.reuters.com/article/us-china-health/world-prepares-for-coronavirus-pandemic-global-recession-forecast-idUSKCN20M069

https://edition.cnn.com/2020/02/26/economy/coronavirus-recession-consumer-spending/index.html


@mrquackquack if the virus continues to spread at current rate then I’m expecting the markets to further tank, and I may consider buying few stocks if I can get them at a cheaper rate than their actual valuation. However many analysts are advising against buying stocks now, so do your own research before you buy your desired stocks.

Source:

 https://www.ccn.com/heres-why-this-is-not-stock-market-dip-you-want-to-buy/

This virus will cause new recession due to fear about it

This is getting crazy, it's around an 800 point drop as of today. I would be skeptical to buy stocks even at this price point.. Careful is the word to say the least in these situations.

This is some perversion going on, I had cleared all my position on the DOW in priori. The enlightenment to me is that bitcoin are holding surprisingly well, it certainly earn the title of good hedge against meltdowns.

And you as a person with more first hand experience on the Dow Jones and stocks in general. Whats next? Does one buy into the crazy drop or do you think most investors are in panic mode and won't invest anymore? You have all of these prolific people including the president telling you to buy the dip but it keeps dropping and not just a little bit quite heavily. A sensible person would think, ok its the Dow Jones, of course it will rise again but most people in this era of trading so on and so forth may have never seen such tumultuous price swings. Its almost Bitcoin esque. Can you imagine some of the investors in this debacle so far? Some of them may have be completely ruined in the matter of just a week.

I am going to refute that because the virus has something to do with the market, one good example is Apple closing some of their stores in China, another one would be global panic brought by media that the virus has a high lethality which in turn can cause panic selling of stocks, if you check out any stock market chart with news right now there is a high chance that corona virus are affecting the recent plummet.

The only thing we have to fear is fear itself - Franklin D. Roosevelt  March 4th 1933

Most of the sell is in anticipation just like the prices previously were bid up in forecast of plain sailing and good business, the fear is an in alteration to that best case scenario.   BTC is subject to loose money flows so has some connection but I dont see it has to follow a parallel course, its effected by sentiment in the bids and top end prices which is fair as the greatest gains come via the easy money atmosphere QE has produced and the virus fears are now countering.

https://talkimg.com/images/2023/06/12/A9TZl.png

We are teetering on the edge of the 200 day average, it can rise or fall and take far longer to recover pricing if sentiment is more greatly effected.   I see some bounce possible in main indexes and I think BTC will catch a bid upwards also, how long that lasts or our direction over months could be different but I think its reasonable we get action above the 200DMA marked in yellow here.

The real trouble with the dow jones turned out to be the short term gain long term lose idea they had with the tax breaks.

Normally, they got a total of 1 trillion dollars tax break and meanwhile they also showed a lot of profits which increased dow jones of course because they were not paying taxes and they "looked" like they were profiting but in reality they were the same company and everything was same only with exception that Trump didn't take taxes from them which helped them in the short term. Now that those days are over and they are simply just another company the price of their shares showed it because investors realized that these profits will not continue forever and was only for that moment.

Stocks has been in a parabolic rise since the great depression , so what we're seeing now is only a short term or maybe a massive correction. Just by looking at the charts we know that this unhealthy rise due to manipulation and low interest rates must come down eventually, so the dump is not about coronavirus.

This virus was just a trigger. Everyone was talking about new crisis more than a year before

This thread created almost 1 month ago, first I don't think corona will affect the economic global but I'm wrong, My country safe from Corona until now but the stock market down rapidly. Tourism is very declining, my friend is living in the tourism area and he said that the place began to experience a decline in visitors, the impact was very unexpected.

FUDs like this is a crap. Things like this really affects the virtual world because virtual world is running under human. The world health is at expense right now, total cases already raised to near 100,000 and have caused nearly 3000 deaths. It does really affects the economy especially in China, we haven't seen the effects yet but we'll be able to see it in the long run.

I'm not saying that this is because of corona virus, the virus started spreading in late 2019 until now, bitcoin's price reached $10K so there is no reason to tell that it is because of the corona virus. But seeing the rising toll of cases is somehow affecting the virtual world. We will not know if the owner of such address died due to the virus. ???

There is so much fear and uncertainty in the global market because of the outbreak of the Coronavirus and its deadly impact on lives, so people are scared of what might happen next, so they are trying to play safe by offloading their equities, no one knows what next.

All markets dropped during the last week and are still dropping right now. People with shaky hands get rid of their stocks, because they fear the impact of the coronavirus on the world economy. This might end up in even a bigger crisis than the finance crisis a few years ago. Nevertheless, if you own some solid dividend stocks don't worry, it might take a few years for them to recover this crash but for sure their value will be higher in the future. This is not the end guys.

Its about QE programs, its a real low grade way to do it but they issue more money to undermine the denominator to every price and so of course we nominally show appreciation in pricing.    China of course will do this with their command economy and the current meta for western central banks is to do similar easing of funding into money markets which reflects into stock pricing.

  Even without that effect, (large) companies long term are not as effected as near term news, fears even a decline to business.   Does an entire company business plan alter from this virus, probably not but it might alter results.   The more important valuation is for efficiency of working systems, prices come down because selling is contagious but its the average which counts over the year for value not trades.

The markets are seemingly on a recovery, bouncing back almost 1300 Points on The Dow Jones as of today.

the impact on the economy is indeed very significant. with an easy transmission system, the virus is easily spread. so limiting yourself to gather with others is minimized. and consequently industrial and business products are hampered, and many sectors will be affected. this is very terrible if it happens in a long time

These sudden massive fluctuations in the stock market prices will cause what type of long term effect?

Since many factories in China do not work, prices for raw materials, including oil, are falling. Therefore, the volume of trade between countries is also reduced. Because of this, companies incur losses and the Dow index also falls.

Coronavirus will continue to influence the stock exchanges, I’ll probably even say that this will continue until a vaccine is presented that could really stop this pandemic. Until there is no effective vaccine, markets will be very prone to negative tone.

There was a general drop in the stock markets all around the world, I just simply reject the idea that corona has the power to drop all over world's biggest powers to start losing money all of a sudden.

I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.

Last year about 650 000 people was died of fly in the world. About 1780 people every day. Only 3200 people was died for 2 months of coronavirus. The panic is artificial.

Its impossible to sell one thing without buying another, its a question of two halves.    Buying dollars with this much supply and production of new money makes other assets more attractive so long as they are fungible and cash flow available in the fairly near term.   Lots of business do have good cash flow so not everything should sell off in equal amounts, it likely hurts investment though.
    News today was the Federal reserve cuts rates by 0.5% which is a larger amount when they are already low, the adjustment to trade expected then is large in their opinion.  Because of that markets became cautious once again.

Another figure I heard in passing and this might not be the final accuracy but 4/5 of people may end up catching this strain of flu and the current projection is that upto 3% of those people will then die.   Some parts of the population are far more at risk, apparently its not children which is surprising but others with compromised immune systems may be.

6.8bn people in the world would be 5.44 billion have a reaction to the virus.    Those who contract the virus and die then number 163 million people as a worse case scenario I think that was.   I only heard that in passing, I may delete or edit that later if I see better info.

In addition to that, it is certain that China's financial crisis has a negative impact on the global economy, but it has a  positive effect on other things for examples the price of oil is now below $ 60/barrel due to China was the biggest consumer of oil before Coronavirus.
Otherwise, possibly this current decline in the market may not has been caused by the impact of the Corona virus. To be honest, Bitcoin is facing a lot obstacles and unfortunately, some governments are still trying to crash the era of crypto.

There have been seemingly new reports of CoronaVirus related deaths in the U.S. do you think this will have a negative role on the future of the stock markets?

That's because Corona Virus spreads easily through media that is often used by humans as well. especially at this time there is no treatment that can eliminate the virus except a strong immune immune. at present there are several economic sectors that stumble due to Corona-V especially in the aviation sector and the export of goods. I'm sure there will be some more sectors stumbling by Corona-V.

don't worry the more the Coronavirus effect the market is the big chance for us to Purchase more and remember that in May the biggest event is happening so the lower we buy the crypto the bigger profit we have in Bull.

Yeah this Virus is now alarming that spreading the world,today 2 countries that has no victim make their first recorded Virus infection so these will took long before totally prevented and the market will be shaken more sooner.

The problem with taking this news apart is that it might seem callous to the troubles suffered, I dont see it as a non issue but the greater issues already in play out weigh any negative the virus brings.   Deaths from flu are already an annual cycle that occurs, anyone with compromised immune system can die from the normal flu.   The big issue with Corona that I've heard is that you may be suffering, carrying and even spreading yet you may be fine enough to continue working and attending close circulation with others.    So there is a greater propagation and not enough precaution from those who could avoid it better.
   Eventually people will be more cautious and maybe even over react, this could mean especially less business and travel is occuring.   Someone suggested Office meetings in general may now always be viewed secondary to more distant connections.   To me the more remote aspect could be positive for BTC, overall its likely something neutral.    Since BTC is non contact in the majority I dont see it directly affected but it will continue to react to FIAT monetary expansion and contraction.   If somehow people stop using their phones, then BTC would be knocked especially perhaps.

https://www.youtube.com/watch?v=meTgeX_WyVw

Global Markets may be on an upswing with an 1100+ Point Rise in The Dow Jones today but with a rising death toll in CoronaVirus related deaths one can only guess to what might be next.

Do not forget what the greatest investor of all time Warren Buffet said about these type of situations, be fearful when others are greedy and be greedy when others are fearful.

When they are so scared of corona virus that they sell their stocks and their cryptos and other stuff, that doesn't change the fact that company is still the same company and it still worths the original price, so when they sell their stuff the price becomes undervalued and that is when you buy and wait which is a long term thing but when you wait long enough you end up with a lot of money because price will go back up to what it suppose to be and not what people who are afraid made it to be because of their scare.

You forgot about profit of companies and credits. They owe too much money.
In crisis time companies cannot to find new credits to fill old. Many companies became bankrupts, biggest companies and banks too.

Bitcoin under 8k usd, The Dow Jones plummeting around 1500 points, oil 20% down and the Coronavirus still untamed.. Is this the beginning of the end?

It seems that the global financial crisis is starting, but anyway we need to see Q1 reports from US, China, EU and some biggest and most influential companies about their sales, production (including housing or industrial production). But anyway, even if someone now sells in panic, they should go to another direction if not looking for the lower lows to buy back.

LOL no. It is a start of bear market. World economy was in bull market for over 10 years. It had to stop at some point and start declining. Bitcoin does that every few ears, why worlds economy cant at least once every decade?

Simply imagine worlds economy as the Bitcoin at start of 2018.

Wow I hope not. That's been a painful sight. Can you imagine those poor people buying Bitcoin at close to 20k USD and then watching it lose the majority of its value and on the other side of things retired people losing their life savings when the Dow Jones Drops around 2,000 points in one day. Terrible.. I thought that Bitcoin would be immune to the ongoing onslaught of the markets but seemingly it has fell victim to this colossal drop as well. Only time will tell what will be next.

Yes. It will fall faster than stocks because, it has limited application. You cannot come to a grocery store and buy something with bitcoin.
It use only for speculations and money transfers. Only gold and US treasury bonds are reliable assets.

I must appreciate OP for writing about Corona by the end of last January itself. Now I feel the pain of a virus affecting all the economies including bitcoins. The Corona virus has affected a lot of things and people in countries where the situation is worse are now afraid to move outside and everyone is staying indoors. Most companies now wants their staff to work from home. Some experts have even said that the Coronavirus outbreak is likely to be part of what caused the decrease in Bitcoin as of recent.

There have been other things that are being mentioned as well, and Coronavirus is at the top of the list, maybe because it affected world market in general. Really hoping that they find a solution to end this once and for all. I’m still confused about this situation and I’m trying to do more research and understanding what’s going on and how it started.

Fast forward to some days after , a lot is known about this virus now but precisely we do not know how to handle it right now .
There is no vaccination and people are directly jumping to human trials .
With such a high death toll , Italy is suffering drastically and so are the countries who are exceptionally poor , Zimbabwe president is writing shit about their people about how *They have new mortuaries for the Corona virus, and how he will be happy that the population goes down *
World is at a bad place right now , it will take time , time to heal and till then don't expect anything to go up and about.

I think that there is a little correlation with what is happening. Yes, the pandemic affects the economy but there should be other factors that play that we aren't aware of.