Chinese Crypto Vs Corona Virus

[enhu]

The news about coronavirus has been circulating for more than a week already but seem doesn't contribute to the crypto market. This isn't something of a war which people are more aware of whether they need to hurry and store their money elsewhere. In case of outbreak, its the opposite that people do, they get ready and hold fiat in case they need to pay hospital bills for treatment.

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[Tash]

The Corona virus is a serious issue to deal with.

[nickenburg]

I think this Corona virus is worse then they are letting out, Messages from chinese people are getting deleted on twitter about the subject and in the meanwhile they have the largest quarantine in human history, and the whole of china is lockdowned now and they just announced travel is restricted now as well.

Look at this video it looks pretty bad
https://youtu.be/hbKx7KwGyFI

Hopefully this doesn't spread to much and other country's can contain the virus more but with a 2 week incubation time it is pretty hard because you can't even see or know if u are sick yet for 2 weeks..

Now how this is going to affect the crypto market I don't know, anything could be possible depending how much worse this outbreak is going to be as well.
People could buy more but why would u want Crypto when u know u are going to die it would be more logical to sell to buy food and medicine in my opinion.

[valuater]

For the Chinese economy, maybe yes but certainly not for crypto and as I remember crypto users from china are not too large and even for exchanges more from eu and us than china it's just that this might have a "dumping" effect because i think some of the citizens whose cities are exposed to corona will sell assets to survive.

[Boov]

For the Chinese economy, maybe yes but certainly not for crypto and as I remember crypto users from china are not too large and even for exchanges more from eu and us than china it's just that this might have a "dumping" effect because i think some of the citizens whose cities are exposed to corona will sell assets to survive.

I think the corona virus will affect the crypto usage of china and also the launch of their virtual yuan. It will affect the crypto activities of china because I think they will focuse more on the corona virus issue now. As I heard from the news their are a lot of people in china that is affected by the corona virus and still in quarantine to avoid spreading of the virus.

[spadormie]

There's only one part of China that was affected. And I don't think that the effect was that massive now. And in the whole world about less 1000 was infected. So, there's no impact for now. For Chinese economy there could be impacts. In crypto, I don't think so. Just saw a thread here and it contains that China hate crypto as of the moment, again.

[darkangel11]

Usually viruses and health panics don't correlate with investments because people have other things to worry about.

Put yourself in the shoes of a typical Chinese person and someone from otside the country. A chinese doesn't invest because Bitcoin trading is still banned. An outsider doesn't care because the virus threat outside of China is still small with very few cases reported.

[Thomas-s]

In China, the situation is very difficult and it can be very dangerous not only for people but also for the cryptocurrency market. It would be great if they could solve this issue with the epidemic and people will stop to die. I think that when we see such events, we must understand that this is obvious will lead to the dump. people are scared and soon they will start to sell their crypto in order to buy some food

[meldrio1]

I don't think if it can affect in the crypto market, but Corona virus is a serious disease. If this virus keeps spreading until all the countries affected on it, I guess crypto market will be affected.

[jakelyson]

OP is overreaching connecting crypto and coronavirus. It will not affect the market, specially crypto. It is modern age where you do not have to go out to spend your money or crypto, make trades or earn money. You can do all of that with your laptop or mobile phones. The only industry affected here is tourism. That is just a small factor to bring down the market.

[stephanirain]

Today is a big celebration day of the Chinese New Year, but on the other hand China is being hit by an epidemic that is the corona virus. So the Chinese government recommends that Chinese citizens do not travel on holidays and they close some tourism facilities to the public.
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html

It might not look at it, but the population of China is concentrated on cities which some are far away from each other and even Wuhan has some distance from Beijing. The area is closely monitored to prevent further spreading of the virus. Hopefully, the problem will soon be controlled but right now, it has no significant effect on the crypto marker so there is no reason to worry much personally unless you're near China.

[Bohr256]

OP is overreaching connecting crypto and coronavirus. It will not affect the market, specially crypto. It is modern age where you do not have to go out to spend your money or crypto, make trades or earn money. You can do all of that with your laptop or mobile phones. The only industry affected here is tourism. That is just a small factor to bring down the market.

That's shortsighted. It's more about the uncertainty, the panic, the 'what-ifs' with regards to this virus emergency. Not whether they can buy crap online or not. So yeah, it could be a factor.

[pixie85]

If the virus spreads and causess mass hysteria maybe it will pump cryptocurrencies.

Without widespread panic I don't see how it would influence any investments besides maybe pharmaceutical companies. The ones that find a good antiviral therapy will benefit.

[qazgroup]

I hope everyone will stay safe and Chinese government will take proactive measures to cope with this virus outburst, this is very sad and natural epidemic which can occur or spread anywhere so we need to be very careful and need to take ultra care of hygiene and cleanliness. On the other hand i do not think that it will effect economy of China or crypto market because uptill now news is that this virus is localized in a small area only.

[Bananington]

will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html

The Chinese New year / holiday has high possibility of affecting the crypto market especially when many Chinese people convert their crypto to FIAT, but not the Corona virus. The virus outbreak has no direct relationship with the crypto market, unless there is a point buttressed about it, not sure.

[Doell]

I think it has nothing to do with crypto but from other side the news can affect economy of small people who sell food ,I'm quite concerned about virus in China often hit by virus maybe the health department there is very minimal compared to level of a prosperous economy ,well there is no impact on crypto

[judaspriest]

in the Chinese economy it will definitely have a bad effect, but in the crypto economy then I don't think it will have much impact because I don't think this will have an impact, because the use of bitcoin and crypto there is limited so I don't think it will have much impact.

and obviously it's very different, this virus is deadly, just like World War 3, but if you ask about its links to crypto in China I think the impact is not there, because there are very strict crypto regulations

[Adriano2010]

Is this corona virus real? Or someone with bad intentions spread something on ocean and on this way affect the people and die? I think it not affect crypto for now but can affect more population if virus is spread around the world.

[Shimmiry]

Today is a big celebration day of the Chinese New Year, but on the other hand China is being hit by an epidemic that is the corona virus. So the Chinese government recommends that Chinese citizens do not travel on holidays and they close some tourism facilities to the public.
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html

Real life epidemic problems and digital market especially cryptocurrency wouldn't bound onto each other. Both are far different in all aspect. Yet, there is one factor that might affect the virus outbreak and the cryptoworld - it is when many would've been affected by the incident. Cryptocurrency and its volatile market do depend on the users especially those short term/active traders. The vast population of traders and cryptogeeks in China do somehow affect the movement and price of all crypto market, and them being affected would somehow make a dent to the digital currency world.

[Wintersoldier]

This is a serious issue that we need to consider to help our selves stay healthy, I have watched news concerning this, they even closed the entire Wuhan especially, it is advisable to not go near any hospitals. Though, thinking about its impact to the economy of China, it might, because production is affected such as work time and jobs of the people that lives in Wuhan. but to consider its effect worldwide in cryptocurrency, I don't fear that it could really affect because in the first place, cryptocurrency isn't widely accepted in China.