Corona Virus will Impact the price of Bitcoin ?

[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.....