Chinese Crypto Vs Corona Virus

[isaac_clarke22]

There's no point into thinking of crypto that much when it comes to this nationwide issue.
People will think of rescuing themselves first, before their wealth comes into their mind. In terms of investors, I am not sure if they're gonna sell their crypto there but I don't think that China has plenty of adoption of cryptos.

[ecnalubma]

The virus already recorded in different countries but I don’t see significant effect of the particular in the crypto industry. But every government should take this threat seriously and necessary measures, but effect in crypto I don’t see any.

[hahay]

Of course it will affect the Chinese economy but not for the crypto world, there is no correlation between the two and the fall in crypto prices yesterday was not caused by that virus and as far as I know even last year before the Chinese New Year at least prices weakened and this happened again this year which in my opinion that virus no effect for the crypto market.

[Aabcde]

Economically it can affect the situation in China. Because this virus can be contagious, imagine the virus can be stuck to goods imported from China.
But when it comes to impacts on crypto, I don't think it's affected, because crypto has no physical form that can be sent anywhere. So it does not allow the virus to stick to the goods. But if the crypto is used to buy goods from China, maybe people will think twice. And this is not a problem for the crypto world because it is clear that the crypto is exchanged as a trading and investment tool, it is still little for means of payment in e-commerce.

[Ailmand]

Anything that can affect the economy can indirectly affect the crypto market. Investors power financial capabilit is affected by the economic situation so those who are investing in crypto may either withdraw their money in crypto or put their money in crypto to save it's value.

[breathlessz]

Anything that can affect the economy can indirectly affect the crypto market. Investors power financial capabilit is affected by the economic situation so those who are investing in crypto may either withdraw their money in crypto or put their money in crypto to save it's value.

with the corona virus reported by the city of wuhan as a city of the dead, and I think it is true this can affect the economy in the country. especially since China is the biggest mining for bitcoin, hopefully this will not have much impact on the development of bitcoin

[Rodeo02]

There's no point into thinking of crypto that much when it comes to this nationwide issue.
People will think of rescuing themselves first, before their wealth comes into their mind. In terms of investors, I am not sure if they're gonna sell their crypto there but I don't think that China has plenty of adoption of cryptos.

Yes i dont think they will even think to your momey once you are in that situation save your funds when you are in that situation is not a choice. you cant never save by your money if youve been affected by corona virus.
The mainproblem now is the virus that need to give solutions and medicine that can cure this and not about how this things might affect price of crypto currency.

[LouVandetta]

Now that you mention it, it might have an impact on the economy of China in general, but not in cryptocurrency world. But this is a bit of grey area, so it may or may not affect the condition on crypto space as well. Because as you already China as the largest population on Earth, has a lot of influenced on the Global Economy condition. That being said, it might even affect the prices in a lot of factors/fields.

[yulionoo]

in my opinion the existence of this corona virus will not greatly affect the global cryptocurrency. because the spread of this virus has nothing to do with cryptocurrency. maybe the spread of this virus will have an impact on the Chinese economy. because if the spread of this virus is not dealt with quickly, there will be more casualties and the area attacked will be more widespread. and of course this will make the Chinese government suffer economic losses. because surely economic growth will decrease.

[pinoycash]

When Chinese are restricted in their movement and advise to stay at home, This might affect the price since Chinese contribute big percentage of money to fuel the next bull run.

[Ridwan Fauzi]

Is there any related to cryptocurrencies?

Cryptocurrencies is not a magic which can be used in any situation, in any condition and in any conflict of the country.

Cryptocurrencies are money or an investment place so you only have to use for both things. Moreover the Chinese government has decided to ban all the form of cryptocurrencies and it won't make anything the price.

[aioc]

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 will have no control as long as they can control it and will not spread further, China has all the facility to control it they have the funds and the resources, right now they are doing their best at controlling, we will know in a couple of weeks if they have succeeded in controlling this virus.

[HabiebRiziq]

Of course it will affect the Chinese economy but not for the crypto world, there is no correlation between the two and the fall in crypto prices yesterday was not caused by that virus and as far as I know even last year before the Chinese New Year at least prices weakened and this happened again this year which in my opinion that virus no effect for the crypto market.

For cryptocurrency itself, I think the virus has no impact or has anything to do with falling prices in cryptocurrency and it may only affect the economy in China, which of course becomes unstable because the virus is spreading to everywhere. But for cryptocurrency it does not make sense if it impacts the price of cryptocurrency.

[BlackFor3st]

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

Of course it can affect the economy of China especially their tourism as many will be afraid to visit China at a te like these but with regards to crypto currencies, there is a little chance that it will make a great effect to crypto especially the market prices.

Other countries are only doing their best not to be affected by the virus as our country also is doing the same especially that the virus spreads pretty fast and there is no cure for it as of the moment. But the two are separate entities that will not likely affect each other, the Corona virus and the crypto currencies.

[xZork]

China is in a difficult time, along with the trade war with the United States, that epidemics are constantly emerging and weakening China. In 2019, it was an epidemic in pigs and early in 2020 was the corona virus, but I think this does not affect too much for the cryptocurrency market. We all know that the Chinese government is very strict with the cryptocurrency market and they have many policies to tighten this market, so some changes coming from China will be difficult to affect the market.

[mrdeposit]

From this incident, will this affect the economy of China, especially China and the global crypto world?

I do not think, crypto is not disease-prone. This can affect the economy in some ways. For example, I estimate that there may be a noticeable decrease in exports. Especially since it is said that the disease spreads from animals, there may be a great reduction in meat export. But, if the situation continues, this will not be the end, over time China will be "despised".

[Ozero]

China locked down more than 10 cities until now and the disease have been reported on Australia and USA so people still didn't find how the virus can spread to all around the world in quick time frame and also there is a suspicion this could be spread over chicken as well so stop eating meats for few days.

There is no direct correlation between the spread of this virus and the price of cryptocurrency, although, of course, the Chinese will visit public places less and spend less, including in cryptocurrency. This should strengthen her course.
As for this new virus, I hope its distribution is temporary. Specialists will find a way to stop it, as has already been done more than once. Over time, humanity must defeat all diseases, which is why life expectancy will reach an average of 120 years.

[o48o]

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.

I am pretty sure that Chinese government is trying to cover up as much as they can, but this is just a bullshit video montage without any context or sources to fact check with an ominous music making this video totally irrelevant and more like a plague game feel.

[Sadlife]

As we know a currency's price is dependent on the number of people using it. So if these users gets sick and stop using it as daily basis or gets bankrupt with hospital fees or worst case dies then the value would be affected but only if the epidemic gets worse and the government to declare it an national crisis.

[arimamib]

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.

I am pretty sure that Chinese government is trying to cover up as much as they can, but this is just a bullshit video montage without any context or sources to fact check with an ominous music making this video totally irrelevant and more like a plague game feel.

in the context of news, I don't think the video attached is pure. there is no source and only the edited image, I can't believe this crap. Chinese citizens' access at this time is indeed limited because of the virus that spreads and the government there is like covering up related information. and I think it will be possible for the event to have more impact on their economy and not on the crypto industry.