Been seeing a lot of post about the COVID-19 and how it affects different markets like stock, oil and cryptocurrency
but I wonder if these things are just now or it happens every time there is a pandemic disease like this.

I tried to search for some charts that might help to analyze if there are really a direct effect on the bitcoin with https://cointelegraph.com/bitcoin-price-index

I'm not going to include the 2009 H1N1 pandemic virus since the bitcoin was created on that same year. I'ma start in 2012,
Middle East Respiratory Syndrome Coronavirus (MERS-COV)

DATED from Jan1 to June31 2012 (6months)
Discovery of MERS-COV was in April, Seems like there isn't much effect on the price not until in June when it starts to increase ( about 20%)


Ebola Virus
Although it was first discovered in 1976, there is an outbreak happened last 2014.

DATED FROM Jan1 to June31 2014 (6months)
The price increased relatively.
Price dump in Feb but recovers in March where the first case of Ebola was recorded.



COVID-19
Discovered in late 2019 (Pandemic outbreak; Recent)


The price seems great in mid-feb and reached $10K but then it starts declining when things are getting worse with COVID-19.

The bitcoin seems unaffected by the first two pandemic at those time, while now the COVID-19 looks so impactful but why?
The relative increasing of price might be the root why such pandemic disease happen so rattling the crypto space.But then again we cannot assure these things.

I'll update this thread if necessary.

it will definitely impact the price of bitcoin one way or another. As more countries lift their banhammers on cryptocurrencies it's highly likely that prominent coins in the market pump in the prices. And India being a country with a large population density and much more people who are open to investing instead of saving. Cryptocurrencies, particularly bitcoin and possibly ethereum can thrive in their market. With increases of atleast 2% approximately. So statistically-speaking, India lifting their bans on cryptocurrencies may open huge doors for bitcoin to thrive in a new market.

Indeed. Just because you have trust in your skills doesn't mean that you have a higher chance at winning the games. Trust/confidence is a good factor for success in gambling. However, it merely comprises the whole equation. So it's still most advisable to use disposable money when gambling to ensure that whatever you lose today wouldn't hurt your financial stability tomorrow. You gotta make sure that you still have food to eat and anroof to live in. If you will be using your bankroll perhaps I can suggest just flat-out investing the money on assets and even bitcoin. It's price is relatively low right now and it is the best time to buy coins as halving comes near.

Precisely. Bitcoin is just the same as any asset there is on the market. It has it's highs and lows. It just so happened that COVID-19 panic is something of large-scale that it had caused mass panic to all people. And this is the time where people will stock up on their supplies. So probably most investors here who sold their shares are the ones who used it for the quarantine. Most probably they'll be back when the situation becomes more stable. I repeat, bitcoin is no safe asset. It is but a profitable asset that can dump or pump like every thing else. It just depends on the market's situation and other factors which I wouldn't dig in more.

So in general, trading is winnable for half of the traders and does differently otherwise. In trading not every one is going to win, half will lose and the others will gain, this is the very basic aspect of trading that is why holding is the another option for some for those who does not want to gamble and take the risk of fluctuating market. Both are beneficial when you know how to manage it, it is just that holding takes more of the advantage.

This is for sure, personally I don't see anything wrong with the present market situation coz it happens everytime but also the global health problems is also a running factor up til now for the downtrend that is why we got so much of decline these past few weeks. Now people are acting weird as if bitcoin didn't reached the rock bottom, in fact there is where it began. The game is simple, buy high sell low, if you don't get it doors are widely open to quit.

The sole purpose of bitcoin was to be a currency and not an investment but with some factors and liquidation and volatility it became one of economic class. It was created to be used in online trading in a more modern society like what we have now, the vision of the creator of it is clear up to this point, what is unclear is the people who are using it.

With the global situation right now, bitcoin should be in use however people are crushing it by selling and dumping, but I guess their reason is acceptable the fact that we are in crisis now. I agree, bitcoin isn't functioning as what it should be doing during these times perhaps we are not seeing it yet.

Not a bot fan but it will just do as what you set and will not go beyond because it is a robot not an AI. If we could just integrate the AI for trading now then everyone would be neutral, no one will win nor lose. But the thing is AI in todays world is on its early stage, I'm even afraid if we achieve to unlock the full phase of it, maybe it'll doomed us. For me it is still better to trade on your own, aside from you're learning from it you also have the decision and in trading there is no perfect plan everyone should have a turning point when everything does hurt, this is what the bots are incapable of.

Sure it was you can't just draw conclusion behind these dates especially when there is nothing event on that particular time. You could've compare the prices of bitcoin in the near coming of halving every four years, like price on March 2012, March 2016 and now just like creating and concluding patterns. There isn't that much affect of the Friday the 13th, so what if its Friday the 13th?

Centralized vs Decentralized. This has been the very topic that is talked when crypto started to be known. Crypto is a threat to the banks, yeah maybe but we can have tokenization process and digital investments which aligns with cryptocurrencies. Now about a certain country's constitution is too broad to discuss as everyone has different ones, but one thing is for sure, these government did not foresee the coming of cryptocurrencies in the past. Perhaps we need to change the laws under constitution for these things.

I just published last month about the Russian government taking over digital asset implementing laws and tokenization just like China and US, what happened? I thought they were doing good enough to compete with these major countries in cryptocurrencies adoption which will boost their country's economy. Seems like Putin is very confuse on what to do now with the trend.

A very dumb of me when I invested at $10K every one I know told me that, now that the price is kissing the floor I have nothing to do but wait until it pumps. Russian would not hesitate to still trade crypto that's for sure but somehow it would affect the price, perhaps their government would be strict about this one.

Yes but not with so much heat, As I read through some articles the corona virus we have now cannot live more than 60 centigrade. But our body temperature, they can support the virus.

Won't have any value? As far as I know South Korea are burning cash just because it is from local banks which is prone to inhabited by the virus and so burning is the only way to eliminate it. It is easy for the government to do this but this is an extra effort which I want to commend, this is an added measure to prevent the virus from spreading from hand-in-hand contact.

I guess this is the time for bitcoin to shine!

Just earlier my neighbor told me that he cannot get the remittance money from his parents because of the calamity we have now, all the remittances center are closed due to the corona virus and banks are limiting the number of clients. So I told him then use bitcoin or any other digital payment processor on which case he does not know how to use any of those. This is where the problem starts, the ignorance of most to technology becomes a problem in such situation like this. Now that fiat is vulnerable to the virus to inhabit and has a high chance of getting passed I think this is the perfect time for bitcoin.

I can't get it no, are you guys only sees bitcoin if the price is above $10K? a store of value when high and not when it is low?
Okay I see, you guys are just making bitcoin a playable investment as most of the people in here but wouldn't it not be too obvious if you call it not a store of value as of the moment because of the its current state? That is why it is called cryptocurrency , a currency in it, wasn't made for investment but it became when the volatility over take. Hope the crisis ends.

Yeah. never seen a good exchange than this, you know things are better when it is in binance compared to other exchange coz the CEO is really responsible and accountable plus the admiration for cryptocurrency is at its finest. This is will offer a huge help to the targeted areas like south Africa. There is really no doubt why binance is the greatest at the moment.

Also the BNB coin outperformed many coin that is sitting for almost a year having a huge step taking the spotlight and caught the attention of investors.

Seeing tons of useless pieces in youtube and other medias lately and some people are believing on them like what the hell. There are reliable charts to based on and there is nothing wrong to be influenced, what is wrong is found at these influencer coz some are just doing it for their personal advantage towards their audience creating a big scam speculation and creating a back door. I'd better be spending time reading and analyzing than hearing any of these 'influencers'.

I've been seeing a tons of conspiracy theory about the bitcoin and corona virus but this is just too much for me to contain. We know how the current health problem impacted and shook the markets not only the crypto market but also the oil and stock market, but assuming that this is all about the whales creating such disease just for their personal interest towards bitcoin and getting advantage is just TOO MUCH. Completely illogical.

I have to agree with this but I also have something to reserve. Researching on your own may give you the best idea on how the trading really works but sometimes the idea of others can help to especially those who are longed. I personally have some techniques that I learned from traders I found in youtube that is making tutorials and ways, but most of the time I really search on my own like histories,charts etc. which I find more productive.

Absolutely true, bitcoin will be just doomed if another coin has taken its place at the top on which case like this it is unlikely possible. However, the price dump actually hurt me and my expectation for the bitcoin to enormously increase in times where there is a virus that could transfer hand in hand using fiat. It could've been the very best alternative for fiat to avoid hand in hand transaction that might danger anyone from doing so. This is not what I expected for bitcoin's price during this crisis.

These things are very positive with a good mindset and rational thinking. Imagine the prices are always high, who would be the one to speculate and inject in the market? Obviously none coz all of us will just wait. Actually it is good to see the price of dominant coin in the market gets low after the world crisis started to happen in the late 2019, it is actually a frontispiecing sign that we can grab.