Corona Virus will Impact the price of Bitcoin ?

[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.

[1714751304]

1714751304

[1714751304]

1714751304

[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.