corona virus & bitcoin market

[FanEagle]

I think Bitcoin is more likely to suffer from the coronavirus epidemic than get any benefits in this crisis.

Bitcoin is a physical asset.
As far as we know from experience during global crises and disasters, people prefer to have in their hands the values ​​of the physical world such as cash:
gold,
jewelry,
medicines,
food,
water,
gasoline.
Bitcoin will not make sense if it can not be exchanged for anything from the above list.

During crises, we do not know how much Bitcoin will be in demand in markets of this type, but we know what will be in demand exactly.
People would rather exchange their bitcoins for cash to buy medicine during the coronovirus epidemic than vice versa.

Corona virus is not been declared as a world crisis or any disaster. It is actually a most contagious disease because the mutating abilities of the corona virus makes it easily contagious. In this case, most of the people from the infected parts of the world would prefer to stay at home and try not to get in direct contact with the infected person.

In this case, bitcoins would be a best medium of currency exchange which would allow us to transact without actually moving out of our door. This should bring a positive rise in the price of bitcoins if this case tends to be real but as far as I know the markets, I do not find any relation of corona virus or any such disease with bitcoins.

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[ven7net]

What does corona virus have to do with bullish bitcoin ?? any effects

I believe that you are exaggerating the meaning of coronovirus. I do not think that the news about the supposedly raging "coronavirus" in general is related to the crypto market. I think that many are looking in the wrong direction. This whole “coronavirus” distracting maneuver from more significant events that occur in the world and possibly in China itself. Moreover, does the crypto market show big growth? I do not think, before these events there was a better growth. all these are manipulations that you should not pay special attention to. But in any case, I believe that even without any kind of events in the world, we are in a new phase of growth in the crypto market. How successful this phase will be, time will tell.

[semobo]

What does corona virus have to do with bullish bitcoin ?? any effects

Price of bitcoin reached highest level recently with last three month frame but if this corona issue has any effect on bitcoinmarket then the prices re supposed to dump since stocks are also falling too much when the same issue happening.

And also most cities were locked down so people using online payment for purchasing this?

[CarnagexD]

I don't know why you connect corona disease with bitcoin because in my opinion this has nothing to do at all. If this virus spreads throughout the world, not only will bitcoin be destroyed, but global markets and the world economy will also be destroyed because no one will leave house. but we hope they will soon find an antiviral from this disease, because all diseases have antidote and can be cured

He may see some correlation between it that he has asked about it. Global markets might be affected once this disease goes-full-blown global threat. But I don't see any direct effects on cryptocurrency progress. However, if this disease inflicts a considerable amount of people it may impede in the normal processes of bitcoin and cryptocurrencies as a whole like mining, investing, trading and selling.

[GREENch]

If we ignore what is happening at the moment and look more globally, then “Coronaviridae” can serve as a starting point for rejecting paper money and switching to digital forms of payment (including in cryptocurrencies). Since bacteria remain on the banknotes and they are perfectly transmitted from person to person in paying with cash.

[nomenclatur]

What does corona virus have to do with bullish bitcoin ?? any effects

coronavirus quite an impact with bullish bitcoin since yesterday bitcoin was down a little bit and after that bitcoin ride back coronavirus also affect the economy and the price of bitcoin because many traders bitcoin in china was very influential also in the market bitcoin which makes a lot of factors that make bitcoin down.

[letyouearn]

All this situation with the virus shows us again that there is no connection with bitcoin growth and such global events. It seems that BTC doesn't even notice this disaster in news feed.

[Ozero]

All this situation with the virus shows us again that there is no connection with bitcoin growth and such global events. It seems that BTC doesn't even notice this disaster in news feed.

I think that the appearance of a coronovirus will still have a slight effect on the price of bitcoin and other cryptocurrencies. The Chinese are now being urged to refrain from visiting public places, and now they are celebrating the New Year by February 10th. People will spend less on bitcoin and other cryptocurrencies, and this should have a positive impact on its price. Otherwise, I do not see any relationship between this new virus and the price of cryptocurrency.

[mahilchii]

See it's very clear that corona virus is nothing to do with Bitcoin, a few analyst say it has improved the market to push up BTC price. And I agree it may affect economically but what it has to do with the crypto.

At the other end Tom Lee one of the famous expert reveals BTC price may go up to 25k in five or six months. Now who do you believe? People just want to impose anything without knowing so don't get confused or do not panic yourself. Research and understand the market.

[btcdie]

I think the current market conditions are likely to be influenced by the code from the bull run, because many predict this year's recovery in market conditions. we have been in the bear market for too long, and now may be the beginning of good news for the market. yeah, one of them is bitcoin halving, just count for a few more months, of course this news will be utilized by investors, and indeed the price should be soaring, because the miner's reward is reduced. many predict that (2020-2021) the price of bitcoin will soar. for problems with the corona virus, in my opinion it doesn't really affect the market. even those who made FUD news, no one responded.

[WalkerIVIV]

What does corona virus have to do with bullish bitcoin ?? any effects

there is no major impact on the bitcoin market, it is likely that the impact will be felt on the global economy, and hopefully coronavirus will not spread throughout the world, so as not to cause something fatal in the future.

It brings a good impact to the bitcoin as when there was a lot of uncenrtainties to the traditional economic caused by this virus and people will try to put their money into the various portfolios and that's also bitcoin that must be included to get a huge impact. Global economy will get bad impact caused by this virus

[chip1994]

What does corona virus have to do with bullish bitcoin ?? any effects

it will certainly have an impact but it will be an indirect effect. let me explain this. As the corona virus becomes more and more powerful and in turn loses many lives, China will be more tightened in terms of protection and isolation, the government will have to spend a lot of money to build a new hospital and research vaccine. Besides, China and the 12 countries bordering China have closed the border with China. This will cause heavy losses in the economy when foreign trade is delayed. And at that time, the value of CNY will certainly decrease as well as stocks and public debts will increase sharply. We can think of an economic crisis if this pandemic spreads even more. People will soon buy bitcoin and make its price go up. Actually, Bitcoin and Gold are quite similar now.

[vcoins4life]

Since Bitcoin is a hedge against instability, the coronavirus outbreak is likely to aid Bitcoin prices. 

Especially since it seems like we aren't being told the whole truth about the virus.  Distrust in government is very healthy for the price of Bitcoin, IMO. 

[thisnewcoin]

There is no connection between the coronavirus and Bitcoin, but if you see indirectly, then you may know because of coronavirus, Chinese people can't celebrate the long period vacation of the New Lunar Year! So, they are not cashing out the crypto money, this is the reason bitcoin price is growing instead of dumping! Because most of the people expected a massive dump will happen in this Chinese new year vacation.

[trauchot]

Honestly, I myself do not know whether this whole situation with the corona virus affects bitcoin and the entire cryptocurrency market, but if will you read several articles on different resources, you can find different guesses that the corona virus somehow affects the rise in the price of bitcoin and in cryptocurrency market growth.

[qomariah95]

There is no effect between viruses and the crypto market. If it really does, the effect will be on a positive trend. But the facts about the field, that the virus is being discussed at this time. There really is no effect at all with Bitcoin.

[pakhitheboss]

The WHO has today declared corona virus as global emergency, more that 120 people have died so far in China and the death toll is expected to rise up.

But the cryptocurrency market is not affected by it. Bull run has returned and the market looks positive. Expecting the price of Bitcoin to reach 10k by febuary.

[kynaz]

There is no connection between the coronavirus and Bitcoin, but if you see indirectly, then you may know because of coronavirus, Chinese people can't celebrate the long period vacation of the New Lunar Year! So, they are not cashing out the crypto money, this is the reason bitcoin price is growing instead of dumping! Because most of the people expected a massive dump will happen in this Chinese new year vacation.

It is true that this virus is causing the whole Chinese economy to collapse recently and will certainly involve the crypto market. I hope the corona virus can end soon because health is still something everyone needs at this time and certainly money cannot be solved. Anyway, I'm quite nervous and always more careful when I go out because my country is very near to China.

[coin_1122]

I don't find any connection and relation with the Bitcoin because Corona Virus doesn't relate to Bitcoin. The price of Bitcoin will be in spike until we are close to having, coronavirus will not have any chance to influence the price of Bitcoin.

[wozzek23]

There is no connection between these two both are different things in my point of view and I am probably sure that mostly people think same but I really feel sad for those people who are victim of this dangerous virus hopefully they will be okay soon scientists will definitely discover the cure of corona for sure.

Yep, Corona virus is a really dangerous one. I didn’t even know about it until recently that the news started going round the internet. It’s usually worse for the older victims, and it’s a killer disease. Hope they find the solution and cure those that were affected.

What does corona virus have to do with bullish bitcoin ?? any effects

How do you even link the Bitcoin bullish nature to Corona virus? It doesn’t have any effect at all. If it was going down you would have said that people in the affected areas were selling their coin, but the coin is bullish. But there is no way that they are related, so it’s not affecting the Bitcoin market at all.