Corona Virus will Impact the price of Bitcoin ?

[NNRR]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

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[Darker45]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

This is the kind of question we get when every time Bitcoin rises and falls significantly and seemingly out of nowhere it is directly associated with anything like the US-Iran tension, Hong Kong protest, and so on.

Bitcoin has the capacity to grow and its price increase with or without calamities, disasters, and violence.

I wonder if the possible zombie apocalypse would also affect the price of Bitcoin.

[pakhitheboss]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

It is too early to say anything at this stage. Initial investigation state that this could be bigger than the SAR virus. But, China knows it and has already started working on to prevent it from spreading more.

After a week or so there will be a clear picture of how much it will affect the cryptocurrency market and the world economy.

[peter0425]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

would you please stop all the world events connecting to bitcoin price?why is it everything that happens in every part of the world has been putting into Bitcoin?Virus cannot affect Bitcoin movement because people will use Bitcoin even the effect will come wide.

[Astvile]

I wonder if the possible zombie apocalypse would also affect the price of Bitcoin.

Surely. It may kill bitcoin to be real. Especially if the entire humanity will be wiped out by creepy walkers. The zombie apocalypse is one of the greatest threats that the world can face and bitcoin might lose one of its fundamentals to be active, we the users.

Virus cannot affect Bitcoin movement because people will use Bitcoin even the effect will come wide.

Yes, you are right virus can't affect the bitcoins price movement but the panic and chaos it will cause specially this kind of virus that is a threat to us people will try their best to preserve any wealth they have specially those in most affected area of the said virus and that's where bitcoin comes in. Bitcoin is one of the best ways to preserve your money because it's very accessible to anyone and easy to use and has a hold on compared to gold. By this bitcoin will have a high demand and will result in bitcoins price pumping up. That is how this kind of dilemma are somewhat connected to bitcoins price.

[bounceback]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

what is the relationship between bitcoin and the corona virus, I never thought something like this could raise the price of bitcoin, especially if we see that in the last few days the price of bitcoin has remained stable as before there were no signs of falling or rising.
in my opinion a statement like this is hoak, and when natural disasters occur they always associate this problem with the price of bitcoin.

[Kupid002]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

i dont think it will have a big effect to bitcoin price . It can only effect if more holders of bitcoin has been died from that virus and no one know about thier privatekey, i mean its a lost bitcoin if no one can recover .
And another thing is if there are many people use bitcoin for donation to people of the city affected by that virus.

[davis196]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

This is a really stupid question.
Do you think that people will panic because of the corona virus and start buying bitcoins,because this will keep them safe?Keep in mind that China isn't a crypto-friendly country.I mean WTF,really?
Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?
There's nothing to worry about.

[GreatArkansas]

What comes into my mind is, people will start to use more on online transactions because they are afraid to go out, like go to banks personally and do some transactions and Bitcoin will help like that.
People will start to buy Bitcoin and use that to do some online payments or transactions for buying some goods or services.
And also the worst-case and I am not wishing it to happen that what if some people who become positive in Corona Virus died and they have owned Bitcoin on their personal Bitcoin wallet, and that person only the one who knows the private keys of that Bitcoin wallet.
So, another Bitcoin will become not use and that probably has an effect on the supply which those bitcoins will not able to use again.

But overall, I am not wishing to have much worst case of this virus, hoping it will end as soon as possible.

[franky1]

Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?

^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no

56=corona
7000=car

no one is fearing the car

[airdnasxela]

I've seen almost the same question a while ago. And Corona virus has nothing to do with the price of Bitcoin and it won't affect it in the future. A health crisis won't affect Bitcoin. China is doing their best to make actions with their problems. I know it's a scary virus because it can easily be spread with different people you meet in the public but why would it even affect bitcoin? Health is different from the economy so it's hard to relate them. Does investing in Bitcoin can help them be safe from the virus?

[xvids]

Why do people always connect everything that is happening to the world on BTC price?
I wonder if some celebrity gets married they would also assume that it would affect the price of Bitcoin,
Or if a famous actor confess that he is gay it would greatly affect the price,
Come on people wake up not everything is connected to the price fluctuation of crypto.

[pooya87]

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

[bitcampaign]

if you know TA in bitcoin trading, I don't think you will make this kind of thread, many people always connect events that are not important to the price of bitcoin even though it has absolutely nothing to do, even bitcoin can always be analyzed, so try to be a part of traders in bitcoin and learn to analyze prices and make reasonable speculation

[erickastella]

come on guys, corona virus and bitcoin price movements are very different, instead of avoiding / doing things to avoid corona virus, you pay attention to bitcoin prices? remember the corona virus has no vaccine yet, so please stop to think like that

[Coyster]

There are so many health issues, viruses and life threatening infections in the world today, if you're to make the corona virus an issue that affects the bitcoin price, you can also say that Malaria and typhoid infections can also affect it's price, not just that, even the HIV virus we find in most parts of Africa can also have a thing to do with BTC price.

There are so many disasters/viruses/bacteria, natural phenomenon that takes lives in the world today, can they all have an effect on the bitcoin price, no they can't, and even if they do, you can't be sure exactly how they do, and it's better not to create any connection to them.

[cheezcarls]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Why would the coronavirus impact Bitcoin? How can this world issue be related to Bitcoin? Are you expecting that such world issues like this would definitely affect the prices of Bitcoin and other cryptocurrencies?

Even if the government, scientists or authorities see an online store that sells N95 masks and enabling Bitcoin as a payment option, I honestly don't think it would really impact BTC's price, like it does during the US-Iran tensions (until Trump ceasefires and Bitcoin cools off).

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

Man, you've made my day. I just can't stop laughing about linking farts to Bitcoin!

You've remind me of something. One day, a contact of mine asked me a hilarious question "Taal Volcano is exploding, will Bitcoin's price explode too?".

[blckhawk]

Can you think of any correlation? I think not.

A crisis won't always affect economic markets. The previous world war 3 commotion is more plausible idea, since when such war is happening, economic markets come to a halt and crash, and therefore it is sensible to conclude that people would actually look for alternatives.

But for this case, it's too different to affect the market, more especially the Bitcoin. First, it's still local. Second, people are focusing on avoiding being infected rather than finding alternatives to store their money.

Don't treat every crisis as it would affect the markets.

[affandi]

don't always associate disaster with the existence of bitcoin or the future of bitcoin. After all this is still a local disaster, and it seems they are focusing on finding a safe place to avoid the corona virus, not to find alternatives about how to secure crypto assets. There are no economic disasters and no war disasters here.

[Colt81]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

I don't think that the corona virus has a huge impact on the crypto market or the price of bitcoin because it won't have an effect when it comes to bitcoin adaptation. This kind of epidemia will only have an effect on the global economy when it comes to production of drugs, and death of many people.

[imstillthebest]

they say no people died yet  . i read many article before that the virus isnt deadly as what other virus we have before  but its still a virus anyway and its spreading  so we still need to be careful  .

this virus cant affect the price of btc because  people can still work and live normally , they just only need to wear mask regularly   . the only thing that it affect is the stocks of mask , but people could use thier btc to purchase mask online   . resulting for btc to go down

[BigBos]

Well, I don't know if this corona virus will affect the price of bitcoin, but if it does have influence then I think of speculation that when the bitcoin barrier is affected by the disease, and need money, then they will sell their assets for their treatment. it might affect the price of bitcoin, but looking at this condition, it doesn't seem to have a big impact.

[FlightyPouch]

What? No. It is not that a Chinese person can cough into their bitcoin wallet and other connected wallets in to that would be infected by the virus. Jokes aside, hope they could stop this new virus. They have a lot of stock of meat that could create new viruses, the fetish of Chinese cuisine is really exotic, I don't know if this is a punishment for them or not.

[alyssa85]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

It will affect over-the-counter bitcoin purchases in China. Remember China has no exchanges (because their govt declared them illegal), so all bitcoin purchases are done secretly in person, or by travelling to HongKong.

Because this virus has not been contained, everyone will be at home, and they won't be thinking about bitcoin at all.

[NotATether]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

This is the kind of question we get when every time Bitcoin rises and falls significantly and seemingly out of nowhere it is directly associated with anything like the US-Iran tension, Hong Kong protest, and so on.

Bitcoin has the capacity to grow and its price increase with or without calamities, disasters, and violence.

I wonder if the possible zombie apocalypse would also affect the price of Bitcoin.

Damn it, I wish I could merit this many times. Every time some idiotic world event takes place we always get speculators on this forum wondering how it will affect the price of bitcoin.

Bitcoin is not connected to any country's affairs.

[bL4nkcode]

so do you think situation with corona virus will impact the price of Bitcoin.

In what way it can affect price of bitcoin? Even it killed most people on wuhan or any part of china, price wont be affected since bitcoin is already banned there.

If and only if, it goes viral and infect most countries until there's no one will use the tech as it will die along its holdlers/users which I think is far to happen at this moment.

[Mpamaegbu]

would you please stop all the world events connecting to bitcoin price?why is it everything that happens in every part of the world has been putting into Bitcoin?Virus cannot affect Bitcoin movement because people will use Bitcoin even the effect will come wide.

The OP's statement isn't out of place at all. Anything that impacts the price of the US dollar also invariably affects the price of gold, and lately Bitcoin. This is because whenever the US dollar is doubtful investors tend to turn to gold/Swiss CHE/Japanese JPY/BTC as s safe Haven. So, I expect Bitcoin price to soar if this Corona epidemic continues unabated.

[hatshepsut93]

The fact that people even ask this type of question just shows how many owners of Bitcoin lack the basic understanding of trading, which is kinda worrying, since it means they can easily be manipulated by media. Just learn how markets work in general , the same things that work for gold, currencies and other assets also apply to Bitcoin.

[moviebuff777]

If that virus becomes more widespread, it will have a negative affect on the world economy as a whole. I would guess that it would. E similar to the affect that a war would have. In that situation I think many people will shift some of their investments to gold, silver, and possibly cryptocurrencies.

[jhonjhon]

I don’t think so, why do people usually link movement of the price of bitcoin to any issues or conflicts? Bitcoin can be affected by many factors but that doesn’t mean that if something happens with the society it is link to bitcoin right away. Anyway, the price moves unpredictably even without these crisis or conflicts so stop associating bitcoin to any of it, it only confuses people more.

[NavI_027]

Because this virus has not been contained, everyone will be at home, and they won't be thinking about bitcoin at all.

Though for me economics and health got no strong relation to each other, in all fairness I can still see your point in there . It's understandable if the minds of Chinese are now out of concentration dues to the epidemic scene. But you know what, there's also tendency for the opposite to happen! Their meantime "quarantine" set up might also serve an opportunity for them to just face the computer screen all day long and focus on the green and red candles .

By the way, in the serious side, I really hope this virus will now be contained to stop spreading across countries because it's sad to see that we're starting this Year of the Rat starts with a plague .

[Reid]

Again with connecting events to bitcoin? 

Some people here are really something else.
I don't think that it can be connected to that? Give us some reason at least for us to make some good arguments against or to defend it,
Should every happening in the world should have an affect with bitcoin?

[Shinpako09]

Seriously op? even virus, you thought could affect the btc price. LOL. Let's say there's some situation or event that could really affect btc price but virus? in what way or how? Even once, I never thought or connect the virus into btc price. Also, it's not yet a global health emergency according to WHO.

You've remind me of something. One day, a contact of mine asked me a hilarious question "Taal Volcano is exploding, will Bitcoin's price explode too?".

No way, haha, that's so funny. They are linking or connecting every event or any situation in btc price even if it's obviously non-sense. What a creative mind they have but in a crazy way. I won't be surprised if one of this days they will also connect the snow in middle east. LMAO.

[Viscore]

Everytime there's a crisis, people like to connect it with the pump of bitcoin, lol.

Corona virus will impact China but I don't think it will impact bitcoin because this country is not even pro crypto or pro bitcoin.

[Dart18]

Too much.
Yes, for me that is just too much to define the market of bitcoin.
Why? What is the reason behind it?

There is a virus, an economy of one country is the one which will be affected and not bitcoin.
Actually it will be better. People will stay at home and then maybe will bump into reading about bitcoin. 

[killerfrost]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Why does it affect the price of Bitcoin? Why does everyone think news in this world will affect the cryptocurrency market? It's a completely wrong thought, this market is only affected by economic-related news. The Corona virus will not affect this market, it will only cause many people to get sick and the chaotic social situation. Btw this is a serious epidemic, I hope that we will be able to stop it soon. I do not want people to get sick and die, it looks terrible

[Baofeng]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

I really don't understand why people are going to correlate every single geo-political events to bitcoin. And now this? I mean how can it impact the price? People will suddenly jump and invest their wealth because they are afraid of the epidemic? Yes, I understand that this is going to be a global problem, but I don't think that the price will be affected. Just sad that many people has already died and wish that no one from this community will be a victim.

[Jating]

No effect whatsoever, the price is still base on simply economic law of supply and demand. And regardless of any happenings around us, the price is not going to be impacted by this.

Let's put thing into perspective, what is the main reason the price is going to be affected??? None. So let put this discussion into rest, because as crypto investors, we don't think that that it will have significant impact positive or negative.

[andycarrol]

No effect whatsoever, the price is still base on simply economic law of supply and demand. And regardless of any happenings around us, the price is not going to be impacted by this.

Let's put thing into perspective, what is the main reason the price is going to be affected??? None. So let put this discussion into rest, because as crypto investors, we don't think that that it will have significant impact positive or negative.

its true. mostly happens in China, this has no effect at all on bitcoin because this is not a war between countries that will weaken the value of currencies. so this virus will not affect their assets.

[The Sceptical Chymist]

would you please stop all the world events connecting to bitcoin price?

Yeah, I had to LOL at this thread and I'm also wondering why in the world he put "corona" in bold text, but I'm not going to fret over it.

I haven't been watching the news for quite some time, so I haven't heard about any of this except for some people mentioning it in passing.  But no, this won't affect bitcoin's price and I'm pretty sure it won't have any effect whatsoever on the world's economy unless it becomes a major epidemic with lots of deaths--and it would have to be one hell of a virus to do that.

[Hamphser]

I also wonder if there is a Miss Universe, is it possible to affect the bitcoin price?
Why is that those world event is being mentioned all of a sudden connecting to bitcoin's price?
There are other epidemic happening in the other country but there is no connect on what would be the price of bitcoin in the future.

[Faxmate]

I also wonder if there is a Miss Universe, is it possible to affect the bitcoin price?
Why is that those world event is being mentioned all of a sudden connecting to bitcoin's price?
There are other epidemic happening in the other country but there is no connect on what would be the price of bitcoin in the future.

yes you are right i think it is a silly question to ask about the corona virus and its impact on bitcoin, how is it possible that a disease will affect the market price, i think it is not fair, although few days ago people were asking about the iran US war impact on bitcoin as in that case the stock market was in trouble that is why war had effect on the bitcoin but corona virus do not have.

[Aying]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

For now its too difficult to say because government do everything to stop it and make a vaccine for all affected. but if this virus will continuously spreading even in other more country then everyone will afraid to go out and maybe bitcoin will be the solution to avoid contact to any other people. so maybe the price will goes up.

[alexsandria]

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

Lol people keep on bringing things that is totally unnecessary. Such virus is a responsibility of a government to cure, and bitcoin doesn't have any thing to do with it. If ever this virus became to big to handle of one city alone then there will be a consideration involving bitcoin like having to spend some tools to cover up expenses.

[Febo]

Corona Virus will Impact the price of Bitcoin ?

Uncertainty always helps price of Bitcoin to get higher.  But if economy drastically reduce. And we fall into economic crisis that will fro sure not be good.  So short term should be good, medium term ( half year to a year) should be bad.

[Wexlike]

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

Lol people keep on bringing things that is totally unnecessary. Such virus is a responsibility of a government to cure, and bitcoin doesn't have any thing to do with it. If ever this virus became to big to handle of one city alone then there will be a consideration involving bitcoin like having to spend some tools to cover up expenses.

I don't believe that. I saw articles which was claiming that the Corona Virus has anything to do with falling resource prices(oil, steel, tin). What a crap of correlation analysis.

[bitzizzix]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

I also do not understand why bitcoin is always associated with things that in my opinion do not make sense, does the corona virus affect the movement of bitcoin or what and what are the reasons?

[Chrystora123]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

IMO.. This will not make the price of Bitcoin fall, even though most of the Bitcoin miners are from China, but the spread of this virus does not reach the whole of China (only in a few cities) so that Bitcoin mining activities there are not disrupted..  I'm sure the Chinese government will be able to block the spread of this disease throughout the world.

[carlfebz2]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

How it would affect? On what sense? Its good for someone to know recent events or news that do happen globally but it doesnt mean that everytime
theres an issue or big events would be tied up on Bitcoin or Crypto market.I dont see the correlation of this Corona virus epidemic to affect bitcoin prices.
It has nothing to do with it actually. I dont know why people are really fan on tying up things even it turns out to be non relevant.

[JohnBitCo]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Corona virus have no impact on blockchain but on the people.  Why would bitcoin would be impacted by a virus which can do no harm to bitcoin blockchain. That's the most stupid question being asked here. 

[ReiMomo]

It's totally no correlation among of them, coronavirus and the Bitcoin price, I dont see any relative cases among of them. But probably if there are more were afraid to be infected with virus probably people will use crypto to buy stuff that they needed. They will never come out on their house and go to public place which is possible that you will be infected. So far, there's nothing to panic everything will be fine and there's no make sense if you spread a false thought like this.

[thisnewcoin]

Bitcoin price is increasing today, maybe this life killing corona virus does impact in bitcoin price! In the collision between Iran and USA, the bitcoin price pumped high. But I was not happy at that time, not at this moment too. We don't need this type of bitcoin pump, rather I feel anger sometimes!

[pixie85]

Will give impact with corona virus make bitcoin down because the investor from China are not think about bitcoin and altcoin right now and keep focus with their situation healthy from Corona virus, maybe we hope this situation could be fix soon and many investor back for investing with bitcoin to raise with higher price.

You're overestimating the virus and the panic it causes.

There's still no big panic because the virus isn't very deadly. It kills only very weak or old people and there's still not that many cases. It's even speculated that the government can have someting to do with it. A virus killing old and unproductive part of the society can be an easy way to fight overpopulation

[MI6]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

If we talk about "people died" or maybe affect, maybe people will sell their bitcoin to get money and cure, or maybe owner of bitcoin that died and not tell his family, his bitcoin will stuck at that wallet forever. Maybe both condition can happen but i hope all people in this world can keep healthy and the virus already have the cure.

[BigBos]

Will give impact with corona virus make bitcoin down because the investor from China are not think about bitcoin and altcoin right now and keep focus with their situation healthy from Corona virus, maybe we hope this situation could be fix soon and many investor back for investing with bitcoin to raise with higher price.

You're overestimating the virus and the panic it causes.

There's still no big panic because the virus isn't very deadly. It kills only very weak or old people and there's still not that many cases. It's even speculated that the government can have someting to do with it. A virus killing old and unproductive part of the society can be an easy way to fight overpopulation

actually, it kills many people, moreover it's a virus that hasn't had a vaccine to date. even now their money is useless and they are prepared to exchange their money for their health. You know the reason why this virus has a lot of news, it's because this virus is dangerous and can spread quickly. however, it can affect the price of bitcoin when they sell their assets for their health.

[abuya55]

I was waiting for this question, seriously. I've noticed that some bitcoiners behave like paranoid personalities. No matter what happened in the world: the US - China trade war, the tension between Iran and America or corona virus, the try to find a correlation between this fact and Bitcoin's price rate. Just stop being insane!

[Wind_FURY]

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

I was rolling my eyes too. Then I saw this tweet bearing the news,

https://twitter.com/reuters/status/1221586295354462211

Saudi energy minister says confident China can contain, eradicate new coronavirus

If he's talking about the corona virus, its effect on the global economy, and be worried on its effect on oil prices, maybe OP has a point.

Don't roll your eyes on me.

[Taskford]

Will give impact with corona virus make bitcoin down because the investor from China are not think about bitcoin and altcoin right now and keep focus with their situation healthy from Corona virus, maybe we hope this situation could be fix soon and many investor back for investing with bitcoin to raise with higher price.

You're overestimating the virus and the panic it causes.

There's still no big panic because the virus isn't very deadly. It kills only very weak or old people and there's still not that many cases. It's even speculated that the government can have someting to do with it. A virus killing old and unproductive part of the society can be an easy way to fight overpopulation

actually, it kills many people, moreover it's a virus that hasn't had a vaccine to date. even now their money is useless and they are prepared to exchange their money for their health. You know the reason why this virus has a lot of news, it's because this virus is dangerous and can spread quickly. however, it can affect the price of bitcoin when they sell their assets for their health.

Hasn't have vaccine but glad they found the source of the virus and hopefully next they can find the cure so that the virus will not spread out since if this continue to rise up then it threaten the Chinese economy and the crypto economy since we all know the Chinese players are big in both industry, that's why we need to pray up that this unfortunate event will stop so that no threat for growths will occur these days.

[wildan88]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

If we talk about "people died" or maybe affect, maybe people will sell their bitcoin to get money and cure, or maybe owner of bitcoin that died and not tell his family, his bitcoin will stuck at that wallet forever. Maybe both condition can happen but i hope all people in this world can keep healthy and the virus already have the cure.

it's possible when China is one of the countries with the highest bitcoin dominance, then this virus is also mostly from China and now China is isolating a lot of population, so in my opinion it might happen if they sell bitcoin to survive, because I read the news they are also fighting over food and other things.

[Viscore]

how do you even come up with things like this? what is next, someone farts and you link that to bitcoin price too. it is not 1347 and Corona virus is not the black death in Europe to kill that many people and have any impact on price of anything let alone bitcoin.

I was rolling my eyes too. Then I saw this tweet bearing the news,

https://twitter.com/reuters/status/1221586295354462211

Saudi energy minister says confident China can contain, eradicate new coronavirus

If he's talking about the corona virus, its effect on the global economy, and be worried on its effect on oil prices, maybe OP has a point.

Don't roll your eyes on me.

He was confident that China can contain this, so there is nothing to worry and it should not be a big crisis in China.
There will be no significant effect to bitcoin, meanwhile, let's continue to monitor this case in China.

here's some news.

Death Toll Rises to 80 as U.S. Prepares to Evacuate Americans From Wuhan

[mirakal]

Few days after corona virus still not have any impact with bitcoin price going up or down, look bitcoin keep stable with last three days and never growing up or down, I think many people keep focus with Corona virus than think with bitcoin and altcoin as investment assets because live is most important with how much our money have.

China ain't buying BTC because of this and this virus could only potentially hurt their country but not relationship with other countries.
And what would be the justification on why Bitcoin would rise, there's no panic yet, though there are people already dying, but compared to the total population of china, that's only very few of them.

In addition, China has an advance medicine, so probably they'll find ways to solve this problem.

[NeuroticFish]

This Corona virus is mostly infected in China, so don't worry about the price of Bitcoin, Bitcoin and other cryptocurrencies will have no effect, unless the cryptocurrency was born from China you have to be aware of, it could be that the project is affected

Actually the entire world is kinda panicked now. And when panicked people tend to make "safe deposits".
The gold price is on the rise and specialists say that's because of the virus/panic. And I wouldn't be surprised if Bitcoin starts doing the same, especially as the last week was not so great.

[EdenHazard]

Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?

^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no

56=corona
7000=car

no one is fearing the car

Some people looks like overthinking about this Corona virus could be the factor causing end of this world after seeing some dramatic videos highlighting how the situation really similar to a zombie movie where the extinction of mankind is near lol.

We've been through similar case where a virus called MERS hit the world 10 to 15 years ago , and the virus has not been seen yet again now. Stop overthinking and correlates everything with the price of bitcoin itself.

[Oasisman]

don't always associate disaster with the existence of bitcoin or the future of bitcoin. After all this is still a local disaster, and it seems they are focusing on finding a safe place to avoid the corona virus, not to find alternatives about how to secure crypto assets. There are no economic disasters and no war disasters here.

Bitcoin can be affected by any massive disaster, specially in China where there are a lot of miners and traders. It has been reported that they are cutting out communications and transportations in certain regions of China in line of controlling of worsening the outbreak. So, that means their internet connection will be temporarily suspended.
On the other hand traders might suspend their daily trading routine as well, to secure their health as their priority at the very moment. Though this might only has slight effect on Bitcoin's price, but If you think any local disaster doesn't have effect on cryptocurrency market, well, come to think of these scenarios.

[Wind_FURY]

Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?

^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no

56=corona
7000=car

no one is fearing the car

Some people looks like overthinking about this Corona virus could be the factor causing end of this world after seeing some dramatic videos highlighting how the situation really similar to a zombie movie where the extinction of mankind is near lol.

We've been through similar case where a virus called MERS hit the world 10 to 15 years ago , and the virus has not been seen yet again now. Stop overthinking and correlates everything with the price of bitcoin itself.

The Saudi energy minister made a statement about the crisis, which makes it show that he's taking the corona virus very seriously. "Muh oil prices".

[Meowth05]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

I think there will some indirect impact on the price of Bitcoin. Actually, this could be compared to conflicts that had happened between the US and Iran, probably some investors will use it as a safe haven. However, I don't think every phenomenon will have an impact on Bitcoin and other cryptocurrencies better if we will still analyse these events.

This Corona virus is mostly infected in China, so don't worry about the price of Bitcoin, Bitcoin and other cryptocurrencies will have no effect, unless the cryptocurrency was born from China you have to be aware of, it could be that the project is affected

Actually, a large portion of Bitcoin mining is placed in China so I do think that it could might affect the Bitcoin value but it would not be that massive I think.

[karanggatak]

in my opinion not all major events in the world will have an impact on bitcoin. like this corona virus will not affect the price of bitcoin. I can't find something that can connect with Bitcoin. economically the spread of this virus will only have an impact on the country of China. the country's economic growth must have declined due to this virus. I hope this corona virus can be controlled immediately so that not more people become victims.

[Saint-loup]

in my opinion not all major events in the world will have an impact on bitcoin. like this corona virus will not affect the price of bitcoin. I can't find something that can connect with Bitcoin. economically the spread of this virus will only have an impact on the country of China. the country's economic growth must have declined due to this virus. I hope this corona virus can be controlled immediately so that not more people become victims.

Don't forget China is the second largest economy in the world, just behind the US. So if it falls, it will necessarily impact the global market and the other economies. China is the biggest exporter country in the world, if it doesn't export its goods anymore, its clients who need them won't be able to work and product anymore.

[asus09]

How long this situation with Corona virus running? will be one or three months later Corona virus will run in Chinese, this become bad thing although bitcoin keep stable with higher price but later can give bad impact where make bitcoin become down with many investor from China left bitcoin.

[Hamphser]

I also wonder if there is a Miss Universe, is it possible to affect the bitcoin price?
Why is that those world event is being mentioned all of a sudden connecting to bitcoin's price?
There are other epidemic happening in the other country but there is no connect on what would be the price of bitcoin in the future.

yes you are right i think it is a silly question to ask about the corona virus and its impact on bitcoin, how is it possible that a disease will affect the market price, i think it is not fair, although few days ago people were asking about the iran US war impact on bitcoin as in that case the stock market was in trouble that is why war had effect on the bitcoin but corona virus do not have.

Silly people asking this kind of question that doesn't even have a close relation to the bitcoin market. If the economy of cryptocurrency like bitcoin would collapse because of such an epidemic event then surely we'll expect that there is a great threat to the market and the people.

[Pinkris128]

I also wonder if there is a Miss Universe, is it possible to affect the bitcoin price?
Why is that those world event is being mentioned all of a sudden connecting to bitcoin's price?
There are other epidemic happening in the other country but there is no connect on what would be the price of bitcoin in the future.

yes you are right i think it is a silly question to ask about the corona virus and its impact on bitcoin, how is it possible that a disease will affect the market price, i think it is not fair, although few days ago people were asking about the iran US war impact on bitcoin as in that case the stock market was in trouble that is why war had effect on the bitcoin but corona virus do not have.

Silly people asking this kind of question that doesn't even have a close relation to the bitcoin market. If the economy of cryptocurrency like bitcoin would collapse because of such an epidemic event then surely we'll expect that there is a great threat to the market and the people.

Maybe everyone really think that every situation or problem that are happening in this world will always have an impact in the crypto market or the price of bitcoin. Well, it doesn't work that way because the only situation or problem that will only have a huge impact on the crypto market, if it will help to increase bitcoin adaptation like what happened in Iran and US that a lot of people used bitcoin as their safe haven asset.

[Rickeo]

We know that viral outbreaks have affected the stock markets before now, it's likely that a continued rise in the coronavirus and as it spreads further around the world, we'll likely see stocks take a hit from it again.

It's not unreasonable therefor to imagine that the price of BTC could be negatively impacted. I think it's because, when crisis's like this hit, people are often left with costly medical bills or unplanned expenses travelling to see friends / family, as they start to withdraw from investments and that has a bit of a negative trickle on the economy, more and more people start selling them.

Maybe it wont, ultimately who knows? I could be wrong and I think a lot of it is going to depend on how bad this situation gets. If it does just fizzle out then we may get through this pretty much unscathed.

[skiorf]

if you associate each event will have an impact on crypto there are certainly many events every day throughout the world.

in this context you have to be smart which news will have an impact on crypto and which has no impact. we see today the corona virus has been happening for a few days, but what happened to bitcoin and other cryptos today is that the price of bitcoin has increased. so next time don't ask stupid questions like this in the future.

[btccashacc]

don't always associate disaster with the existence of bitcoin or the future of bitcoin. After all this is still a local disaster, and it seems they are focusing on finding a safe place to avoid the corona virus, not to find alternatives about how to secure crypto assets. There are no economic disasters and no war disasters here.

Bitcoin can be affected by any massive disaster, specially in China where there are a lot of miners and traders. It has been reported that they are cutting out communications and transportations in certain regions of China in line of controlling of worsening the outbreak. So, that means their internet connection will be temporarily suspended.
On the other hand traders might suspend their daily trading routine as well, to secure their health as their priority at the very moment. Though this might only has slight effect on Bitcoin's price, but If you think any local disaster doesn't have effect on cryptocurrency market, well, come to think of these scenarios.

Agree, that it might be affected, and we all know that China is the big majority of bitcoin users and miners, so it might influence the price but not too much. The point here is when the Internet is down or something, miners and traders can't do their activity. The worst scenario is when the majority of those bitcoin users need cash and sell their bitcoin due to product's price increases during this plague.

[Wexlike]

We know that viral outbreaks have affected the stock markets before now, it's likely that a continued rise in the coronavirus and as it spreads further around the world, we'll likely see stocks take a hit from it again.

It's not unreasonable therefor to imagine that the price of BTC could be negatively impacted. I think it's because, when crisis's like this hit, people are often left with costly medical bills or unplanned expenses travelling to see friends / family, as they start to withdraw from investments and that has a bit of a negative trickle on the economy, more and more people start selling them.

Maybe it wont, ultimately who knows? I could be wrong and I think a lot of it is going to depend on how bad this situation gets. If it does just fizzle out then we may get through this pretty much unscathed.

So I guess the only probable chance to escape the virus is to go to a lonely corner of an island far away. ^^ In a full scale crisis the price for the medicine won't be that high. Governments would intervene and make it available for everyone, which actually also makes sense. There is not much need to govern if no one is left.

[Wysi]

This Corona virus will not affect bitcoin price in any possible way and we should stop comparing about all the events happening around world with bitcoin price yes there are certain news or move which impacts Bitcoin's price but not all. As far as I am aware this is a man made virus spread across in order to sell vaccines.

[nickenburg]

I think it is pretty Bullish for Crypto's, because you can send value/money without any interaction with other people, and seeing how easily this virus is distributed, we might see a lot of scared people who don't want to interact with people anymore.

I have heard Gasmasks and filtermasks are being sold out online and in stores around the world.
People are preparing for the worst and with such a long incubation time(2 weeks) and that you can pass the virus along without having any symptomes yet it seems very serious to me.

Only time will tell how this virus will spread if it is really that serious but China is taking it very serious, and the videos comming out of there it doesn't look to good!

[kro55]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

whats relationship of this virus with bitcoin price?
Bitcoin is again moving up but I don't think there is any connection b/w this corona and current bull run. rest with time things will get more clear.

[Webetcoins]

don't always associate disaster with the existence of bitcoin or the future of bitcoin. After all this is still a local disaster, and it seems they are focusing on finding a safe place to avoid the corona virus, not to find alternatives about how to secure crypto assets. There are no economic disasters and no war disasters here.

Coronavirus is a deadly virus affecting many states and taking many lives. Though china has banned travelling and they are working to control this but still it is affecting many people in other countries also. Be careful about yourself and your families, follow the precautions to have a healthy life. I also do not find any logical link between the virus and the market. Just take it as a health disaster and protect humanity.

[mahilchii]

I really don't understand why people are concerned about the corona virus here, can anyone explain me how this could impact the price of Bitcoin???

I think it looks like people are spreading fuds in this page to make it cheaper, nothing else is connected with the topic here. I can see the virus lookalike a real horror but it is not associated with BTC.....

[darkangel11]

I really don't understand why people are concerned about the corona virus here, can anyone explain me how this could impact the price of Bitcoin???

I think it looks like people are spreading fuds in this page to make it cheaper, nothing else is connected with the topic here. I can see the virus lookalike a real horror but it is not associated with BTC.....

Coronavirus is not a big threat if you compare the number of people in China to the number of people who died from the virus. How many deaths there were? 10? Coronavirus is a joke at this point. Sure they can't treat it but they can treat the symptoms and keep the sichk alive while they fight the virus on their own. If you're to weak you may die, but most people survive. The mortality at this point is what 10%? It's higher for cancer.

[figmentofmyass]

now bloomberg is calling bitcoin "a safe haven" because it rallied into the coronavirus outbreak: Bitcoin Bolsters Its Claim as a Haven With Rally Topping Gold’s

all of a sudden, they're pointing to a 60-day positive correlation with gold to make the argument. anything to explain a rally! the news media is hilarious.

reading between the lines though, there's been a notable positive shift in mainstream media sentiment. these bullish headlines tell me that sentiment is really beginning to shift in the bulls' favor.

[adaseb]

Looking at the correlation of Bitcoin and the Chinese stock indicies I am not seeing anything.

When the first outbreak occured, nothing happened.
When the second outbreak occured, Chinese stocks and Bitcoin both went down.

When the third outbreak occured, Chinese stocks went down and Bitcoin went up.

I just don't think this will have any medium or long term impact on Bitcoin. And I assume that most of the stock indicies pullbacks due to this news are already at the lows and the markets will rebound in a few days. Just too much fear going around all of a sudden.

[Saint-loup]

now bloomberg is calling bitcoin "a safe haven" because it rallied into the coronavirus outbreak: Bitcoin Bolsters Its Claim as a Haven With Rally Topping Gold’s

all of a sudden, they're pointing to a 60-day positive correlation with gold to make the argument. anything to explain a rally! the news media is hilarious.

reading between the lines though, there's been a notable positive shift in mainstream media sentiment. these bullish headlines tell me that sentiment is really beginning to shift in the bulls' favor.

Thank you for this small article, but it's not "all of a sudden" at all. Most traders follow the digital gold narrative since the beginning of the Iran-USA conflict and the pegging with the crude oil and gold price risng. It's just like that, and you can't be against it. Even the oldest bitcoin holders can't do anything against that, because the market is in the hands of traders, not the hodlers. I'm not saying it will eternally be the case, but for the moment bitcoin is seen as a safe haven asset by the market.

[cryptoangel]

Corona Virus will never big impact of Bitcoin, because it will affect the Share Market of China, India, Hong Kong, Singapore and Sri Lanka. But crypto will growing gradually and all the investors are happily celebrate the current moment. I think right now BTC cross the 9k USD so further hype will occur at similarly on all the coins.

[mbawan1]

yes if some conditions applied it help to increase price of bitcoin . for example when u need to send aid to that affected countries and wanted to send speedy transactions then people buy bitcoin to send .. and more and more people when buyed at once when disaster happened to send money in seconds then it takes btc price up . if these conditions not applied then btc price should not decreased by virus like that ... when more buyers and holders then price will up and when less buyer and more sellers then price goes down ...

[beerlover]

You can "sort of" connect them together but at the same time its a really thin stretch if you want to. Sure maybe china is going through something major right now, sure maybe they will have hard time containing it, maybe then it will spread to other nations, that might also affect those nations economies and be a global epidemic which would result with all finances including bitcoin to be affected. Yet do we really think that it will get out of hand that much?

I mean don't we know that corona in itself doesn't have that much contamination all around the world already? China, even tho a horrible nation, will take this under hand right away and will fix all of the problems, all those messages on whatsapp and facebook that tries to spread fear is just old people making stuff up.

[Bagaji]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

The current out brake of Corona virus is some country may not really influence the market value of Bitcoin and crypto currency in general base on the fact we have not seen in the past where an out brake of virus has influence the market value of Bitcoin and crypto currency in general.

[Hippocrypto]

Corona Virus will never big impact of Bitcoin, because it will affect the Share Market of China, India, Hong Kong, Singapore and Sri Lanka. But crypto will growing gradually and all the investors are happily celebrate the current moment. I think right now BTC cross the 9k USD so further hype will occur at similarly on all the coins.

Nothing won't stop the  growing demand of cryptocurrency, and even if there's a fear of that virus, the investors will pursue their interest to purchase bitcoin as a potential increasing asset. I know thi virus will be contained significantly within a specific period of time. If we'll able to survive this current problems, crossing $9k or even $10k will be possible.

[secone]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

in global economic im sure its will impact chinese, the resort, the trust and im sure people in hongkong who want to break away from china, they will more active, like last isolated hostipal get burned in hongkong , Hong Kong protesters set planned quarantine building on fire amid coronavirus concerns

of course for bitcoin the volume in chinese greatly reduced, but the price still stable, you can check here 
https://cointelegraph.com/news/blockchain-not-bitcoin-chinas-btc-volume-on-localbitcoins-hits-2-year-low

[Juggy777]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

@NNRR the news of this virus spreading has spooked investors who believe that global economies shall take a hit, which in turn may lead to long periods of recession in many countries. It is due to this sudden fear many investors are rushing to purchase bitcoins and gold, and due to this sudden purchase bitcoin prices have shot up.

Source:

https://www.newsbtc.com/2020/01/27/strong-bitcoin-rally-sparks-fears-of-a-virus-driven-violent-recession/

[bitbunnny]

Every time I'm surprised over and over again when I seed threads like this.
Not everything that appears in this world, no matter from the field of economy, health, environment or whatever else, doesn't necessary influence Bitcoin price. Sometimes I think that people are trying to find all possible excuses or reasons to explain or justify price changes.

[Clairvoyance]

There is no correlation at all. A sudden rise in price is not always related to what media deemed to publicize. Always remember, correlation does not mean causation.

[HammaSan]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

This is the kind of question we get when every time Bitcoin rises and falls significantly and seemingly out of nowhere it is directly associated with anything like the US-Iran tension, Hong Kong protest, and so on.

Bitcoin has the capacity to grow and its price increase with or without calamities, disasters, and violence.

I wonder if the possible zombie apocalypse would also affect the price of Bitcoin.

I think you're partly right. In the case of the Corona virus, I don't think it's very likely that it will influence the price of Bitcoin. But if two countries come into conflict, one way for the population to protect themselves financially is to buy assets that will give them some security, if the conflict extends over a very long period. Gold as well as Bitcoin are reserves of value that serve this purpose very well. In this case we are talking about a very large number of people who may come to buy Bitcoin and in that way it can increase its value.

[ecnalubma]

Not probably, unless a countries economy collapse because of the virus then their could be an effect financially but indirectly to Bitcoins price.

As of the moment Bitcoin is a virus that continuously growing globally, and we love this virus 😁.

[tippytoes]

Not probably, unless a countries economy collapse because of the virus then their could be an effect financially but indirectly to Bitcoins price.

As of the moment Bitcoin is a virus that continuously growing globally, and we love this virus 😁.

Haha I like that! Bitcoin as a virus. Anyway, I am not seeing that the virus crisis has significant impact in bitcoin's price. But in the past hours, bitcoin is gaining a lot. Really good to see that bitcoin is increasing. If this virus crisis has some influence, it is not that vital but maybe a lil bit of contribution. We all know that the bitcoin's price is the combination of too many factors and no one can really pinpoint the major factors in play.

[EdenHazard]

Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?

^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no

56=corona
7000=car

no one is fearing the car

Some people looks like overthinking about this Corona virus could be the factor causing end of this world after seeing some dramatic videos highlighting how the situation really similar to a zombie movie where the extinction of mankind is near lol.

We've been through similar case where a virus called MERS hit the world 10 to 15 years ago , and the virus has not been seen yet again now. Stop overthinking and correlates everything with the price of bitcoin itself.

The Saudi energy minister made a statement about the crisis, which makes it show that he's taking the corona virus very seriously. "Muh oil prices".

That's indeed shows how coronavirus fears hit everyone in the financial market include that oil king ...

Shares... stocks market etc are now hot shaking.
It won't last long , it's just a temporary fear and everything would reflected to normal where it should belong.
These fundamentals rumours more to a bullshit that what trader needed in order to get some profits from the bad weeks .

[sisule]

Around 50 people have died so far,in country with a population over 1.3 billion.Can this be considered "many people"?

^ this guy gets it

oh and in the same ~10 days.. 7000+ people died in china due to road collisions.. so should people abandon roads and are road accidents going to affect the btc price.......... um no

56=corona
7000=car

no one is fearing the car

Some people looks like overthinking about this Corona virus could be the factor causing end of this world after seeing some dramatic videos highlighting how the situation really similar to a zombie movie where the extinction of mankind is near lol.

We've been through similar case where a virus called MERS hit the world 10 to 15 years ago , and the virus has not been seen yet again now. Stop overthinking and correlates everything with the price of bitcoin itself.

The Saudi energy minister made a statement about the crisis, which makes it show that he's taking the corona virus very seriously. "Muh oil prices".

That's indeed shows how coronavirus fears hit everyone in the financial market include that oil king ...

Shares... stocks market etc are now hot shaking.
It won't last long , it's just a temporary fear and everything would reflected to normal where it should belong.
These fundamentals rumours more to a bullshit that what trader needed in order to get some profits from the bad weeks .

Corona is car or virus, looking the history of car maybe any one remember with Corona car label but why today called with virus, just my joke but I think bitcoin could raise up because impact with Corona virus where many people look care with their healthy and left investment with bitcoin and altcoin for several days later.

[Pamadar]

Not probably, unless a countries economy collapse because of the virus then their could be an effect financially but indirectly to Bitcoins price.

As of the moment Bitcoin is a virus that continuously growing globally, and we love this virus 😁.

That matters once the countries economy being hitted and heavily affected by this virus, but for now it isn't so there's no any effects that
we seen from the market. Though this virus are being reported from time to time and there are lots of affected countries, but inside crypto
market investors still actively participating.

[milewilda]

There is no correlation at all. A sudden rise in price is not always related to what media deemed to publicize. Always remember, correlation does not mean causation.

But people are really fan on making things connect to each other and its no surprise that this one will really be considered out but if we do really think carefully on how this Corona Virus would impact BTC's price?

We do even see that the current price is soaring above 9k instead, rather seeing some slump if there would be possible connections to it but this one doesnt really have any correlation at all.

[darkangel11]

Will give impact with corona virus make bitcoin down because the investor from China are not think about bitcoin and altcoin right now and keep focus with their situation healthy from Corona virus, maybe we hope this situation could be fix soon and many investor back for investing with bitcoin to raise with higher price.

You're overestimating the virus and the panic it causes.

There's still no big panic because the virus isn't very deadly. It kills only very weak or old people and there's still not that many cases. It's even speculated that the government can have someting to do with it. A virus killing old and unproductive part of the society can be an easy way to fight overpopulation

actually, it kills many people, moreover it's a virus that hasn't had a vaccine to date. even now their money is useless and they are prepared to exchange their money for their health. You know the reason why this virus has a lot of news, it's because this virus is dangerous and can spread quickly. however, it can affect the price of bitcoin when they sell their assets for their health.

Hasn't have vaccine but glad they found the source of the virus and hopefully next they can find the cure so that the virus will not spread out since if this continue to rise up then it threaten the Chinese economy and the crypto economy since we all know the Chinese players are big in both industry, that's why we need to pray up that this unfortunate event will stop so that no threat for growths will occur these days.

Knowing the source doesn't mean they will be able to vaccinate people or even stop the spread. Check out some other known viruses like ebole, swine flu... They know where they come from but are still only able to treat the symptoms. Once you catch it it's still a big deal and you have 50% chance of dying from it.

[m0nk3y_m1nD]

The Wuhan did not affect $BTC prices directly, but I am pretty sure that it did affect the global stock market.

Ergo as The Nasdaq Composite dropped 1.9%, I assumed that most traders thought about moving to a safe haven which is either #cryptocurrency or #gold - that might be a slight factor of the upward price.

[CryptoVzla]

i dont really understand why people talking about bitcoin price after the corona virus to china, please bro there is no connection between the virus & bitcoin price, because there is no reason to bitcoin dump because of this virus , even china miners selling their bitcoin because of this virus, there is still more investor who willing to take their bitcoin for long term investment.

so lets stop talking about afillated between corona virus with bitcoin price

[gentlemand]

Depends on whether you're a believer in any way of stock market correlations. I'm not. You might be.

It's not the illness itself of course, it's the potential economic effects. Plenty of airlines have suspended flights to China now. If it became more serious there might be a concerted attempt to contain it that'll be worldwide that would restrict movement further. That would be felt in the regular markets.

[Kimi80]

Perhaps it may have some passive influence on Bitcoin's price and Bitcoin itself. As the OP said people die from the virus and who knows, maybe some of them own some big amount of coins which is going to be lost like forever with the owner's death. So, the number of coins for operations will be shorter and that will up the demand on the remaining ones.
That's my suppose, I do not see how else the virus can affect the price.

[bbc.reporter]

This article is for all the world war 3 and Corona virus is good for bitcoin people. It might also not be good. World war 3 will bring an electricity shortage, similar to Corona virus might bring a mining crisis.



The Financial Times provoked the cryptocurrency community with the headline “Coronavirus is good for Bitcoin”

Source https://crypto.bi/tape/wuhan-corona/amp/

[jhonjhon]

i dont really understand why people talking about bitcoin price after the corona virus to china, please bro there is no connection between the virus & bitcoin price, because there is no reason to bitcoin dump because of this virus , even china miners selling their bitcoin because of this virus, there is still more investor who willing to take their bitcoin for long term investment.

so lets stop talking about afillated between corona virus with bitcoin price

Well, it is a global virus now and it may not affect directly to bitcoin’s price but somehow it will. Coronavirus is spreading so fast that it infected a lot of countries now and they said that it can be bigger than SARS, with the threat of the virus to other countries it can effect the countries economy and if the economy collapses then it will indirectly impact the price of bitcoin. Anyhow, lets just pray this virus will be taken cared of as soon as possible for everyones safety.

[Bezobraznike]

This article is for all the world war 3 and Corona virus is good for bitcoin people. It might also not be good. World war 3 will bring an electricity shortage, similar to Corona virus might bring a mining crisis.



The Financial Times provoked the cryptocurrency community with the headline “Coronavirus is good for Bitcoin”

Source https://crypto.bi/tape/wuhan-corona/amp/

   Quote from the article:
-First and most important question : what keeps Bitcoin running? Basically, it boils down to three macro components:
1. Miners
2. Full nodes
3. Functional network connectivity
4. Human operators and sysadmins

  Arguments in this article are weak. Miners can have a remote access to mining rigs. Nothing in article say how full nodes and functional network connectivity can suffer from some human virus. Everything in this world depends on human operators and sysadmins, not just crypto-currencies.
   Virus hurt people, it's better for us people to use crypto-currencies because they can't transfer viruses, like cash can, handling cards to each other.
Crypto-currencies are a step ahead the virus!
   I don't like to think how viruses and wars affect Bitcoin and entire crypto-market. It's a negative side of this world, I don't wish crypto-currencies
to make progress on some people misery, talking about it makes me feel bad.
   It's better for us to hope that things will be alright soon and that some doctors will find a medicine for this virus. Crypto-currencies will make
progress, but not on other people misery!

[rodskee]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Looks like those catastrophes that happens help bitcoin price grow and not falls?When the USA vs. IRAN war arise the price of bitcoin pump good and now the this corona virus infected japan and the world ofourse?Price pumps also so what would be the next scenario to happen before the bear enters the market again?well there is nothing wrong to expect specially now that we have ben in the shining moment before halving?

[slaman29]

That's indeed shows how coronavirus fears hit everyone in the financial market include that oil king ...

Shares... stocks market etc are now hot shaking.
It won't last long , it's just a temporary fear and everything would reflected to normal where it should belong.
These fundamentals rumours more to a bullshit that what trader needed in order to get some profits from the bad weeks .

I get how coronavirus fears hit stocks especially those companies that really rely on travel and on imports from China, etc.

But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?

[GuyFromBarcelona]

That's indeed shows how coronavirus fears hit everyone in the financial market include that oil king ...

Shares... stocks market etc are now hot shaking.
It won't last long , it's just a temporary fear and everything would reflected to normal where it should belong.
These fundamentals rumours more to a bullshit that what trader needed in order to get some profits from the bad weeks .

I get how coronavirus fears hit stocks especially those companies that really rely on travel and on imports from China, etc.

But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?

because bitcoin is considered an asset that would retain it's value in catastrophic situations, like gold for example, in case of a war happening, gold its a safe way to preserve your patrimony, same for btc.

[gentlemand]

But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?

The OP's question is about whether it'll have an impact, not whether it's good.

I don't think it will. If you think it has any type of relationship with stock markets, and I don't myself, then you might believe it's possible. Stock markets certainly will feel an effect if the problems grow.

[bbc.reporter]

This article is for all the world war 3 and Corona virus is good for bitcoin people. It might also not be good. World war 3 will bring an electricity shortage, similar to Corona virus might bring a mining crisis.



The Financial Times provoked the cryptocurrency community with the headline “Coronavirus is good for Bitcoin”

Source https://crypto.bi/tape/wuhan-corona/amp/

   Quote from the article:
-First and most important question : what keeps Bitcoin running? Basically, it boils down to three macro components:
1. Miners
2. Full nodes
3. Functional network connectivity
4. Human operators and sysadmins

  Arguments in this article are weak. Miners can have a remote access to mining rigs. Nothing in article say how full nodes and functional network connectivity can suffer from some human virus. Everything in this world depends on human operators and sysadmins, not just crypto-currencies.
   Virus hurt people, it's better for us people to use crypto-currencies because they can't transfer viruses, like cash can, handling cards to each other.
Crypto-currencies are a step ahead the virus!
   I don't like to think how viruses and wars affect Bitcoin and entire crypto-market. It's a negative side of this world, I don't wish crypto-currencies
to make progress on some people misery, talking about it makes me feel bad.
   It's better for us to hope that things will be alright soon and that some doctors will find a medicine for this virus. Crypto-currencies will make
progress, but not on other people misery!

The article is of course arguable, however, the important message here is that events similar to world war 3 or a World War Z zombie virus might not also have an optimistic effect on the price of bitcoin.

Sometimes I shake my head on why we can be so blind.

[adaseb]

Usually when events like this happen the stock markets are the first to react. And especially since the Dow Jones and SP500 were on a crazy rally recently it will leave many investors fearing for a possible recession so they are very trigger happy and generally sell.

The DOW 600 point loss is very small, something like a little over 2% which is nothing considering how much it has gained in the most recent weeks. I think this will all basically roll-over soon similar to how the SARS event which took place in 2002-2003, the markets quickly rebounded and not much was made of it.

[suvo05]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

If you look at the history then you will find that almost in every 2 years a new virus(or a diseases) appears in the globe like swine flu, Zika, ebola and now corona. Those surely have some indirect effect on the global market but I don't think that the effect is not that much significant to worry about.

[Blackdeath]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Do you really think that new people will buy more bitcoin and will adopt cryptocurrency if corona virus will spread more in every country? I don't think so because this kind of epidemia will only effect the global economy like mortality, and production of drugs and medicine.

[arwin100]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

Do you really think that new people will buy more bitcoin and will adopt cryptocurrency if corona virus will spread more in every country? I don't think so because this kind of epidemia will only effect the global economy like mortality, and production of drugs and medicine.

I think that if this Corona Virus outbreak becomes great all over the world, the production of paper money will likely also be hampered, many people will doubt paper money, because it can be the object of transmission of the virus, I think Bitcoin will be one of the possible currencies just used for their safety

It depends on situation since not all can think straight if the panic will occur and also not all of the people knows how to convert the Fiat to BTC since the global adoption is not yet great as of today, but the one I see here if this situation will prolong for sure the global economics will be affected since the tradings or other services will stop and this could trigger a financial crisis.

[fortunecrypto]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

We don't need an epidemic just for Bitcoin to rise it will rise eventually because we just step in Bitcoin best year the halving year, so I don't want to connect the price of Bitcoin to Corona Virus,but if we are in the bear trend and the price pump then we can connect it to this epidemic.

[FIFA worldcup]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

We don't need an epidemic just for Bitcoin to rise it will rise eventually because we just step in Bitcoin best year the halving year, so I don't want to connect the price of Bitcoin to Corona Virus,but if we are in the bear trend and the price pump then we can connect it to this epidemic.

Corona Virus will Not Impact the price of Bitcoins, but it will impact the human lives.
I am hoping someone soon develops a vaccine for this virus so that the world is saved from this deadly disease.

[criza]

Corona virus affected a lot of people around the globe mainly in China, the virus itself have no connection and won't do any impact on the standing of Bitcoin in the market but, since a lot of Bitcoin miners are based in China where the virus originated, it is possible that it would affect miners causing a bit changes in the situation and might lead to decrease in resources of Bitcoin.

[bbc.reporter]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

We don't need an epidemic just for Bitcoin to rise it will rise eventually because we just step in Bitcoin best year the halving year, so I don't want to connect the price of Bitcoin to Corona Virus,but if we are in the bear trend and the price pump then we can connect it to this epidemic.

Corona Virus will Not Impact the price of Bitcoins, but it will impact the human lives.
I am hoping someone soon develops a vaccine for this virus so that the world is saved from this deadly disease.

It might also impact bitcoin mining if the virus spreads and develops further. Some bitcoin news media outlets are beginning to report that deliveries of mining equipment from China are delayed because of the virus quarantine.

[shoreno]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

We don't need an epidemic just for Bitcoin to rise it will rise eventually because we just step in Bitcoin best year the halving year, so I don't want to connect the price of Bitcoin to Corona Virus,but if we are in the bear trend and the price pump then we can connect it to this epidemic.

Corona Virus will Not Impact the price of Bitcoins, but it will impact the human lives.
I am hoping someone soon develops a vaccine for this virus so that the world is saved from this deadly disease.

It might also impact bitcoin mining if the virus spreads and develops further. Some bitcoin news media outlets are beginning to report that deliveries of mining equipment from China are delayed because of the virus quarantine.

yeah because china is the known supplier of bitcoin mining hardwares  so you are right with it . btc mining are not the concerned of people but its the lives of the people  . i heard there are now available vaccines to this virus  . hope they will release it soon for everyone for free so that we can now live peacefully again  . then people can now get back on thier bitcoin/crypto business   .  china still plays a big role for the development of btc  , we need them more than other countries   .

[YuginKadoya]

In my opinion with the issues, people are so scared with the Virus there are still many cases every year regarding HIV I say we should all have an idea with the said Coronavirus than to spread fake news regarding it, The Coronavirus is very fragile that it can only survive outside the body for 24 hours not like the virus from HIV that can, so I guess people that are scared with the shipping of items and products within China are surely safe and the Virus can be killed with household detergent and 70% alcohol, but surely many shipping business and online selling are surely affected because of the fake news that is spreading,

Regarding BTC we can surely see that the price is as good as it gets it has a slow pace on volatility for now but a good price in my opinion.

[fabiorem]

Most chinese mining companies have moved out of China due to restrictions imposed by the chinese government.

As such, I dont see the point of OP's question. Its clear this virus wont have any effect on bitcoin's price.
The virus of statism, however, can have some effect.

[MufasaR]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

In a way it could increase bitcoin demand as  people will avoid using cash and try to make contactless payments to minimize the exposure to this virus.

So in a way this deadly virus could work in favor of bitcoin(cryptocurrencies)

[bitbunnny]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

In a way it could increase bitcoin demand as  people will avoid using cash and try to make contactless payments to minimize the exposure to this virus.

So in a way this deadly virus could work in favor of bitcoin(cryptocurrencies)

I don't know why people make such renarks without informing  themselves. First of all, corona virus isn't deadly itself, mortal rate is about 2% and so far only elderly people and those with some other serious medical issues have died.
Second, O don't see how could this influence crypto market or raise price or demand for any cryptocurrency, there is no direct link.

[gentlemand]

In a way it could increase bitcoin demand as  people will avoid using cash and try to make contactless payments to minimize the exposure to this virus.

So in a way this deadly virus could work in favor of bitcoin(cryptocurrencies)

That's typical r/bitcoin straw grabbing 'this is good for Bitcoin' rubbish.

China is extremely cashless already. Hundreds of millions are using apps to pay for everything.

The only potential factor is whether the conventional economy takes a knock and whether that influences Bitcoin's price. I doubt that'll happen or it'll be impossible to detect.

[figmentofmyass]

Most chinese mining companies have moved out of China due to restrictions imposed by the chinese government.

As such, I dont see the point of OP's question. Its clear this virus wont have any effect on bitcoin's price.

nope, that was just speculation based on rumors of an incoming crackdown. the chinese government recently removed bitcoin mining from its "unwanted industries" list.

as of mid-december: New Report Shows China Dominates Bitcoin Mining

"Regardless of the reasons, the effect is that the current Chinese hashrate ratio is likely higher than in June 2019. While we expect this ratio to fall again as latest generation hardware further makes its way into the non-Chinese market, at the time of writing, as much as 65% of Bitcoin hashpower resides within China – the highest we’ve seen since we began our network monitoring in late 2017," the report read.

[YOSHIE]

so do you think situation with corona virus will impact the price of Bitcoin.

Bitcoin Current digital currency.
Corona virus is a big disaster.

There is no relation between viruses and bitcoin prices.
Indeed, at this time the corona virus has claimed hundreds of casualties in China, it is just a plague that attacks humans, bitcoin digital currency invested by many people in the world.

If you compare the corona virus with the price of bitcoin, you have to compare again the war in the middle east where war victims and souls are lost every day, dozens of deaths, it's worse than corona virus, why don't you ask that, the war in the middle east has an impact on the price of bitcoin.

However, the reality is that Bitcoin still has a fantastic price, now it's crawling to the moon.

For that there is no connection, the virus of death with the price of bitcoin.

[qwertyup23]

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

I doubt that such epidemic will cause a significant damage to cryptocurrencies, in general. The only scenario that I see that it will affect its price if most of the population or countries are affected by the virus and NO such cure has been released.

The virus may cause fear in the public and basically affect their lifestyle but I have some doubts that it will affect the market of cryptocurrencies. It will first affect the consumer markets which include products of essentials, etc. and employment before it affects cryptocurrencies.

The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.

In a way it could increase bitcoin demand as  people will avoid using cash and try to make contactless payments to minimize the exposure to this virus.

So in a way this deadly virus could work in favor of bitcoin(cryptocurrencies)

To be honest, I fear that the supply of our products in the supermarket will first to be affected if such virus affects most countries. I would first be worried on my own health before I think about my bitcoins.

[Ozero]

Even if the relationship between the coronovirus and the price of bitcoin is traced, it is more random in nature. People have already learned to recognize and decrypt any virus of this type, therefore, after a short time, a vaccine from it will be found. Therefore, I do not think that the appearance of this virus will significantly affect the price of bitcoin.

[Viscore]

Even if the relationship between the coronovirus and the price of bitcoin is traced, it is more random in nature. People have already learned to recognize and decrypt any virus of this type, therefore, after a short time, a vaccine from it will be found. Therefore, I do not think that the appearance of this virus will significantly affect the price of bitcoin.

People are only speculating, they think bitcoin rises because people are panic buying bitcoin due to a possibility that the economy of china will be affected. However, it's not the only reason, the big reason behind is the halving, we are just months going to the halving so it's expected that people will be preparing for this.

here's one article that says corono virus cause panic buying of BTC
https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html

[gentlemand]

This account is usually Bitcoin focused but she's mainly observing the effects on the Chinese economy of the virus at present - https://twitter.com/DoveyWan

What I take away from that is that there's a big arse impact on the conventional economy that's yet to ripen but will soon enough. Something that big will have knock on effects elsewhere including possibly BTC. No idea what though.

[milewilda]

How about this one https://cointelegraph.com/news/chinese-crypto-mine-stop-or-stall-operations-due-to-coronavirus-outbreak ?

Im not saying affecting directly the price of bitcoin but this scenario will affect mining operation yet most or big part of them resides on china
and we dont know on what would happen further or ahead if this would continue.

[andamarina]

Yes maybe will affect if will affect china producers of asic and miners.

[bbc.reporter]

This might be another cause why the corona virus might be bad for bitcoin's price. The cash that can be used to pump it can be held by the government for quarantine hehehehehee!


Fan Yifei, deputy governor of the People’s Bank of China, revealed at a press conference on Saturday that China is now quarantining old bank notes in order to contain the spread of the coronavirus.

Yifei says money in worst-hit areas will be sanitized with heat and ultraviolet rays, and quarantined for two weeks before being distributed again.

Read in full https://dailyhodl.com/2020/02/16/coronavirus-cash-quarantine-comes-to-china-in-attempt-to-sterilize-fiat-currency/

[John404]

This virus already affects on price of Bitcoin. Currently Btc price is under $10000 which is down.

[Ziskinberg]

This virus already affects on price of Bitcoin. Currently Btc price is under $10000 which is down.

LOL,.. but some were saying it affected the price of bitcoin and the price pumped, yours are the opposite.

Actually, I'd only believe on statement with proper basis, so what are your basis on why the price is down currently? how is it connected to Corona virus?

[Buysell(BULL)]

LOL,.. but some were saying it affected the price of bitcoin and the price pumped, yours are the opposite.

Actually, I'd only believe on statement with proper basis, so what are your basis on why the price is down currently? how is it connected to Corona virus?

People are scared, many enterprises are closed, many countries have closed borders...
In this situation, there is an outflow of money in fiat, since now many are without work. No one knows how long the fight against coronavirus will last

[Questat]

LOL,.. but some were saying it affected the price of bitcoin and the price pumped, yours are the opposite.

Actually, I'd only believe on statement with proper basis, so what are your basis on why the price is down currently? how is it connected to Corona virus?

People are scared, many enterprises are closed, many countries have closed borders...
In this situation, there is an outflow of money in fiat, since now many are without work. No one knows how long the fight against coronavirus will last

There has been news circulating online that the vaccine was already created, so hopefully this panic will be over soon.
when the virus is gone, we will see how bitcoin will pump then and people who are complaining right now, might be enjoying when bitcoin will recover.

The effect of the economy is huge, my business was close due to the virus and I really loss a lot of money of the periods its close, but who am I to violate if the precaution is for the safety of the people, time to sacrifice the other income now but not in crypto as we can buy as much as we can now.

[pooya87]

This virus already affects on price of Bitcoin. Currently Btc price is under $10000 which is down.

LOL,.. but some were saying it affected the price of bitcoin and the price pumped, yours are the opposite.

Actually, I'd only believe on statement with proper basis, so what are your basis on why the price is down currently? how is it connected to Corona virus?

coronavirus did not affect bitcoin price directly but indirectly it had its effect on the price. if we follow the chain of events we can see that initially Coronavirus started spreading in China then the Chinese boarders were closed and companies around the world, specifically in US started feeling it hard and many of them lost billions. all those losses started showing up in stock market and caused a drop which spiraled down to a big crash. the panic started and just like the virus it infected other markets including gold, oil, and finally bitcoin.

[GodRACE]

The virus really created panic in the market when news of world-wide spread started occuring.
These are really trying times and I believe with attitude, faith and prayers the good times will hit us again.
Stay Safe Guys!

[mirakal]

The virus really created panic in the market when news of world-wide spread started occuring.
These are really trying times and I believe with attitude, faith and prayers the good times will hit us again.
Stay Safe Guys!

We are praying for the pandemic to be stop as everyone of us are effected with this pandemic, it will make people panic because they can't go to work anymore, they can't make money because they are ordered to stay at home, it's like we are playing a survival game.

However, on the crypto market side, this seems not affecting that much because crypto is now recovering.

[Btc_1856]

The virus really created panic in the market when news of world-wide spread started occuring.
These are really trying times and I believe with attitude, faith and prayers the good times will hit us again.
Stay Safe Guys!

Exactly, with peoples' prayers, countries will recover their economic growth to recover the countries economic growth it will take a lot of time. So now it is completely challenging for most of the companies will be affected by this lockdown. During this downturn, we should research more thing about the cryptocurrency.

[wxxyrqa]

For many businessmen and investors, the cryptocurrency market is becoming more attractive than anything today, since even oil is falling rapidly in price.  Of course, the virus dramatically changes the financial and economic situation in the world and in individual countries, since the announced quarantine does not contribute to the development of countries.  At the same time, the United States government wants to apply innovative methods to keep the economy operational.  We can see the results of this only after a while, but the absence of strict quarantine measures can only do much harm.

[Ziskinberg]

This virus already affects on price of Bitcoin. Currently Btc price is under $10000 which is down.

LOL,.. but some were saying it affected the price of bitcoin and the price pumped, yours are the opposite.

Actually, I'd only believe on statement with proper basis, so what are your basis on why the price is down currently? how is it connected to Corona virus?

coronavirus did not affect bitcoin price directly but indirectly it had its effect on the price. if we follow the chain of events we can see that initially Coronavirus started spreading in China then the Chinese boarders were closed and companies around the world, specifically in US started feeling it hard and many of them lost billions. all those losses started showing up in stock market and caused a drop which spiraled down to a big crash. the panic started and just like the virus it infected other markets including gold, oil, and finally bitcoin.

But it's good bitcoin now is slowly recovering and I believe that when we think the crypto market will be bullish before the corona virus, now I believe it will be more bullish because crypto market will soon get big investors as the crisis continue. I am seeing it as its likely to happen as eventually this would inflate the fiat value as our economy is struggling and FEDS might be creating more paper money which does not look fair.

[justin619]

It has impacted everything.

Hence it will impact bitcoin as well.

[rodskee]

It has impacted everything.

Hence it will impact bitcoin as well.

it has impacted already weeks ago if you did not notices the prices mate.
we fell more than %50 from the previous Good market value.
and also there are so many Fud that spreads the whole market so expect more panic.
but one good thing that this virus gives us and that is the power of purchasing again from the long time waiting now this is our chance so what are you waiting?

[bbc.reporter]

I speculate that China might be lying about their reported cases of people that are sick of the coronavirus. The sick might be triple than the numbers reported and might be destroying all types of Chinese businesses including bitcoin mining.



Vector Moranov, miner and member of the Bitcoin Foundation, noted to Cointelegraph that apart from a direct relationship between the BTC hash rate drop of March 2020 and the Bitcoin price, miners also have fears of an economic crisis that might happen due to the coronavirus pandemic.

A decrease in the hash rate could also be caused by a deficit of miners and the closure of farms and production in China, as well as the rise in the price of the equipment.

Read in full https://cointelegraph.com/news/bitcoin-hash-rate-drop-miners-the-halving-and-coronavirus-suspected/

[iv4n]

It has impacted everything.

Hence it will impact bitcoin as well.

If it affects people, it affects everything related with people! In these times just nature is getting better, there is less pollution from people, now most of the people sits at home! I read about coronavirus, possible effects on economy and society in general. What I can notice is that many people think that after this world will not be the same, many things will change. What exactly nobody knows, just a bunch of speculation and possible scenarios.

I speculate that China might be lying about their reported cases of people that are sick of the coronavirus. The sick might be triple than the numbers reported and might be destroying all types of Chinese businesses including bitcoin mining.

With Chinese, we can't be sure in anything! They have a history, we all know that Chinese are capable for doing this sort of things, manipulating to make advantage, they mastered that! To be honest in some moments I don't know what to think, I read about many things and so many conspiracy theories, and everything can be truth, but not necessarily.
Businesses are being destroyed all over the world, the worst thing is that nobody can say when will see the end! Definitely this is a big game, and while some players are going down new ones are popping out.

[Renampun]

coronavirus did not affect bitcoin price directly but indirectly it had its effect on the price. if we follow the chain of events we can see that initially Coronavirus started spreading in China then the Chinese boarders were closed and companies around the world, specifically in US started feeling it hard and many of them lost billions. all those losses started showing up in stock market and caused a drop which spiraled down to a big crash. the panic started and just like the virus it infected other markets including gold, oil, and finally bitcoin.

it was the panic that caused the impact of all...
a few weeks ago when the price of Bitcoin fell a lot, many thought the cause was the panic of the coronavirus but I think it was a wave towards Halving Day.

[aioc]

People are scared, many enterprises are closed, many countries have closed borders...
In this situation, there is an outflow of money in fiat, since now many are without work. No one knows how long the fight against coronavirus will last

It's human to react that way, we want to address all our basic needs in times of big crisis because, in a crisis like this,  there is a lot of uncertainty, and people wants to secure everything they love and converting their assets and their investment is the only way they can secure their love ones and their properties.