Chinese Crypto Vs Corona Virus

[7788bitcoin]

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.

Food contamination is a real possibility but then people daily travel from China to Australia, USA and other countries around the globe and it is possible that it spread like that too even before the epidemic was identified. These will not affect the crypto market as the Chinese market does not have the power they had in the past.

[yazher]

As we can see, so far there hasn't been a change in the BTC price when this virus hit china. maybe the crypto industry is not feeling it yet. anyway, I don't see any effect regarding these two. CryptoCurrencies and Corona Virus. The problem is, if they won't get any progress of discovering its cure, they will end up infecting their major countries and reduce the price of their national currency which will lead them to panic to convert it to any cryptocurrencies out there.

[samcrypto]

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.

A place where the virus originated was already locked down and people are panicking there, if those infected holds bitcoin and was not able to survive the supply of bitcoin will be lessen and that can result to a higher value in the future but let’s all hope that this wont happen to them. Chinese is still a human even if we hate them, we cannot change that and we also have an obligation to help them. Cryptocurrency is still on a great side even if crisis happening around the world, i believe this technology can stand longer compare to an ordinary human so nothing to worry about to cryptocurrency. This topic belongs to Economic, move it there to get a better result.

[oktana]

As we can see, so far there hasn't been a change in the BTC price when this virus hit china. maybe the crypto industry is not feeling it yet. anyway, I don't see any effect regarding these two. CryptoCurrencies and Corona Virus. The problem is, if they won't get any progress of discovering its cure, they will end up infecting their major countries and reduce the price of their national currency which will lead them to panic to convert it to any cryptocurrencies out there.

rumors mention the transmission of the virus originating from bats and snakes consumed by Chinese citizens.

today the news has developed and discusses the corona that has entered the Asean region and as far as I know there is still no cure. if attacking many countries uncontrollably will have an endemic economic impact, and crypto will indirectly be used as a temporary measure to save value, this is only my assumption if the circulation of this disease is widespread.

[ultrloa]

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.

A place where the virus originated was already locked down and people are panicking there, if those infected holds bitcoin and was not able to survive the supply of bitcoin will be lessen and that can result to a higher value in the future but let’s all hope that this wont happen to them. Chinese is still a human even if we hate them, we cannot change that and we also have an obligation to help them. Cryptocurrency is still on a great side even if crisis happening around the world, i believe this technology can stand longer compare to an ordinary human so nothing to worry about to cryptocurrency. This topic belongs to Economic, move it there to get a better result.

Who will not get panic if you see your countrymen slowly dying for the disease and they are so worried for the current situation since up till now the government cannot control or stabilize the situation since the numbers of infected and casualties keeps increasing. But I don't think it can give a direct effect on bitcoins since eventhough there's a virus people are in hold for spending their crypto since for sure they will secure theirself first before crypto.

[Beparanf]

Long story short: The epidemic Corona virus has no effect on crypto market and speculators have better excuses to push markets down. It is sad to read such news but correlating the two different definitions will not give a expected consequences.

It will not effect the market, it will only will if ever those users that are into crypto been affected then probably they may withdraw their crypto assets, or they may choose crypto transactions that traditional transactions but knowing China, they already have ways to do non peer to peer transactions.

[Obito]

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

I don't think it can affect the cryptocurrency industry as a whole, because first you didn't required to go anywhere before you can make any transaction in crypto, except if you buy something using crypto, But it will affect the chinese tourism industry for sure, while the government of china is doing everything they can to contain the epidemic so that it won't spread further. on the other hand most countries in world are already aware in the situation that's why all of them is doing measures to prevent the Corona Virus reaching to their respective territories.

Agree, and the problem revolves around the disease itself. The disease might be somehow becoming larger and larger. It is still tolerable as China, and other countries are making their response with the said disease. People are still free to wander and buy things. It is not like what could possibly happen on the potential WW3 that is totally alarming as people tend to buy and save stuff.

[nicolas1979]

There's no connection crypto with virus, the news is not accurate. Crypto connect with currency stability and politic ( now ), virus is department of health matter. We can't deny corona virus is dangerous but let China take care of it, never share news that corona is involve with crypto movement, that's wrong and can make people scare. If crypto vs halving as the title I think we can discuss it more transparent and objective. Stay away from news like that, it will make you confuse and choose to leave crypto because virus is stupid.

[FairUser]

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.

Food contamination is a real possibility but then people daily travel from China to Australia, USA and other countries around the globe and it is possible that it spread like that too even before the epidemic was identified. These will not affect the crypto market as the Chinese market does not have the power they had in the past.

China still has good control of the epidemic, so I believe it will not affect too much of the cryptocurrency market and the whole economy of China. Once the disease is widespread and cannot be controlled, the Chinese government will issue an official announcement, at that time every try will get worse and the economic crisis will come to China and globally. Then the price of bitcoin will probably be affected, and I think it will positively affect this market

[Eternad]

There's no connection crypto with virus, the news is not accurate. Crypto connect with currency stability and politic ( now ), virus is department of health matter. We can't deny corona virus is dangerous but let China take care of it, never share news that corona is involve with crypto movement, that's wrong and can make people scare. If crypto vs halving as the title I think we can discuss it more transparent and objective. Stay away from news like that, it will make you confuse and choose to leave crypto because virus is stupid.

This will not change the fact that China have their own way of processing payment and crypto is not yet their thing. They consider having their own that will not really affect the crypto market as they created or plans to create only their own cryptocurrency. Hopefully the virus will not spread too much that causes this news to connect or dig relation between this two.

[Muhammad Muneeb]

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

i don't think crona virus  has anything to do with the cryptocurencies as crypto is banned in the china anyway all we can pray is that stoshi do not caught the virus or get infected by it lol. the problem is solely medical and i think china will sort it out

[bison]

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

i don't think crona virus  has anything to do with the cryptocurencies as crypto is banned in the china anyway all we can pray is that stoshi do not caught the virus or get infected by it lol. the problem is solely medical and i think china will sort it out

unfortunately, in China, there is indeed a prohibition on crypto. if they were released to have crypto I think there would be an effect of this event with the crypto market.

[makolz26]

Corona Virus is indeed a serious situation that we need all of us to be aware of, there are 22M people located at Wuhan, where it was started, and people out there becomes panic and begun to migrate in different places, and we know that there's already some cases of it in some countries, so we should be careful on it.

[BeManga]

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

in my opinion, the economy of China will really be affected because of this
but I think it will not harm bitcoin or crypto in a large way

[kesmex]

i don't think crona virus  has anything to do with the cryptocurencies as crypto is banned in the china anyway all we can pray is that stoshi do not caught the virus or get infected by it lol. the problem is solely medical and i think china will sort it out

it could be that the crypto market will be affected, people in China will not be able to enter the crypto market because of the disaster, and that can make the price of Bitcoin difficult to rise, because the whales are from China

[StephenieDuong]

I dont think this virus will help effect to crypto currency. There were many disaster and crypto still grow normally, price only effect in investors trust, product, news...

[tsaroz]

It's not for all of China and Coronavirus is not as severe in most population. All of the deaths till day has been of old and ill people. Even a simple flu kills hundreds of people in China and it's a just more severe form. They have locked down some cities but the festival are on full swing on southern cities.
As of Chinese economy, it's already in a down turn. We could see a large economic crisis in the world in 2020 fueled by the unemployment in India and China.

[duuuuude]

If they do not cope with the virus, this will affect not only the economy and cryptocurrency but it is obvious that everything else. This virus once again proves how the human factor can bring everything out of control and no matter how we protect ourselves.

[DU18]

I dont think this virus will help effect to crypto currency. There were many disaster and crypto still grow normally, price only effect in investors trust, product, news...

I am also very confident that the problem of the virus will not greatly affect the price of crypto, Because in my opinion, it is a domestic issue in China so that it will not have a global impact on the world economy, including cryptocurrency. But in this case I am personally very sad to hear there have been many victims who have contracted the virus and hopefully the Chinese government can immediately find a solution so that the virus does not spread until it comes out of China.

[BitDane]

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

The epidemic itself had already affected the economy of China but it is still unnoticeable at the current state.  With regards to global cryptoworld, it the corona virus case in China won't affect the market.