Corona Virus and The Effect on The Markets

[Averim]

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

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.

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[wack slacker]

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.

[Spider A4]

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.   

[ulrich_zh]

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

[TopT3ns]

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.   

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.

[FlightyPouch]

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

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.

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.

[dvmmayowa]

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.

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.

[Subbir]

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.

[BuNga_cute]

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.

[@MarkHen29177965]

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.

[Vishnu.Reang]

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

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.

[Chrystora123]

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.

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.

[abhiseshakana]

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.

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.

[Kasabus]

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.

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.

[rodskee]

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.

[bitcoinst]

~snip

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.