corona virus & bitcoin market

[fortunecrypto]

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

You don't have to connect it in fact there are other ways to connect the current bull trend we can connect it on one halving, Japan planning to launch their own coin and many more but Corona Virus I don't think so it will take an imaginative mind to connect Corona Virus to what happens in the market.

[Bitcoinislife09]

In my opinion this corona virus could affect the bitcoin market as the virus spread all over the world. For sure we cannot see the effect of this virus today because it is still a small percentage of the China population that infected and a few people around the world is confirmed that has a corona virus. In my opinion if a big percentage of the population in china is affected by this virus this is going to affect the market price of bitcoin since for sure a bitcoin investors could die in this virus and overtime when it spread all over the world for sure we could easily see the effect of this virus...

[bison]

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

You don't have to connect it in fact there are other ways to connect the current bull trend we can connect it on one halving, Japan planning to launch their own coin and many more but Corona Virus I don't think so it will take an imaginative mind to connect Corona Virus to what happens in the market.

it doesn't look logical with the correlation made. but what happened to the news of this virus has made anyone focus on this virus. but it will be different if the spread of this virus occurs in countries like Japan who have planned to use their crypto.

[bryant.coleman]

Corona virus has so far caused tens of billions of USD worth of financial losses in China, and the economic toll is climbing with every passing day (for comparison, the estimated loss from the SARS outbreak was $40 billion). Now I don't think that this is going to benefit Bitcoin in any way. The Chinese citizens remain one of the largest groups of Bitcoin users and if they have less money to spend, then they will start dumping their cryptocurrency holdings, and naturally the exchange rates may plummet.

[Anonylz]

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.

There you have the connection, the new lunar year is an auspicious period in the Chinese calendar and as a result it is celebrated for days, and since no trading activities of any sort is happening this period, many people prepare ahead of time including the btc holders,  lots of Chinese cash out to celebrate the lunar year and this has a direct impact on btc since Chinese are the majority of crypto enthusiast,

However,  the outbreak of coronavirus has some how prevented that massive dump, so in a way their is a connection there but i don't like to duel on that because i know people are losing their lives as a result of this virus.

[RealMalatesta]

Corona virus would have nothing to do with bitcoin but it might affect the price for few coins which are related to the medical science and also we could see some bullish movements into the charts of few forex stocks. Bitcoins have least relation with the corona virus as it is no where related to each other.

Yes, if people who are suffering from corona virus and those are big whales and they sell their coins just to recover with the virus than we might see a bullish trend but it would never be possible. People who have excess amount of funds into bitcoin would never just cashout to fight the corona virus. This has no direct relations and also we could not yet see any bullish market signs on the market charts of bitcoins.

[ameliana]

I don't think it has a big impact on the Bitcoin market, the fact is that the price of Bitcoin is still stable at around $ 9k and I haven't seen any signs that the price of bitcoin has dropped at $ 8k in the last few days. but whatever we all will never know what will happen next, but I think Corona Virus does not have a big impact on the price of Bitcoin.

[bohr]

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

While many do not seem to see an effect I think it had it, when the corona virus made the news the stock market went down, gold went up and bitcoin went up as well, this means there is uncertainty about the extent this disease is going to impact our world and people decided to invest some more money in assets that can hold their value and this included bitcoin, obviously bitcoin was already in the middle of a positive trend but I think it had the effect of prolonging and making that trend even stronger.

[pandanaran]

Corona Virus and Bitcoin have no major impact on the crypto market. but maybe there is a negative impact on cryptoqurrency users there, they are disturbed because they can't work as usual and may not be thinking about crypto, I mean they are not focusing on work in this industrial space (only crypto users).

[VIP BTC]

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

I think there is nothing to do with bullish Bitcoin with the corona virus. Corona virus is a virus that infects the respiratory system, not infecting software or hardware systems.

[hahay]

It has nothing to do, because I only know that the rise in the price of bitcoin occurred even before the corona virus spread and circulated in the news media in every country. If indeed it is related, at least the corona virus has become a serious problem before the rise in the price of bitcoin occurs, that is a simple thought because in reality every bitcoin price goes up and also goes down, there will be many people who associate global problems with the crypto market, because I think it has absolutely nothing to do.

[xiboothrezi]

It has nothing to do, because I only know that the rise in the price of bitcoin occurred even before the corona virus spread and circulated in the news media in every country. If indeed it is related, at least the corona virus has become a serious problem before the rise in the price of bitcoin occurs, that is a simple thought because in reality every bitcoin price goes up and also goes down, there will be many people who associate global problems with the crypto market, because I think it has absolutely nothing to do.

I agree. It does not seem to affect significantly, because the corona virus in China, while only in its small area and not yet have far-reaching effects. The rest of the cryptocurrency trade is still running as usual and no major changes have occurred since the issue of the virus was circulating. Maybe this will impact if the scope is wider and global, but I did not expect that to happen. Hopefully our sisters and brothers in China can be patient and survive.

[sheamus10]

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

in my opinion this has nothing to do with bitcoin because it's different, the Corona virus is a contagious disease. while bitcoin is one of the amazing technologies of science so I don't see any connection between bitcoin and the Corona virus.

[Maslate]

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

in my opinion this has nothing to do with bitcoin because it's different, the Corona virus is a contagious disease. while bitcoin is one of the amazing technologies of science so I don't see any connection between bitcoin and the Corona virus.

They are too much different and so corona virus has nothing to do with the current pump of the market price. And i don't think affected people will still think of bitcoin market rather than thinking of their own health how to overcome the current phenomenon. Not just Chinese but even other nationalities are into thinking how to avoid corona virus as much as possible.

[asyakashi]

I don't think it affects global bitcoin prices. it is possible that in China this disaster will affect the crypto trade and also the price of bitcoin.

[wxxyrqa]

If you listen to information from social networks where Chinese citizens turn to people for help, because there is an acute shortage of various medical devices and personal protective equipment to prevent the spread of the virus and begin a real fight against it.  The government hides a lot of information and tries to inform the public that an antivirus has already been found.  In this regard, cryptocurrency users who need additional cash can withdraw a certain amount of bitcoin for sale, and increasing the offer on the market can reduce the price of bitcoin by several levels.  at least today there is some lull in the cryptocurrency market and I hope that coronavirus will not affect pricing dramatically.

[slaman29]

It has nothing to do, because I only know that the rise in the price of bitcoin occurred even before the corona virus spread and circulated in the news media in every country. If indeed it is related, at least the corona virus has become a serious problem before the rise in the price of bitcoin occurs, that is a simple thought because in reality every bitcoin price goes up and also goes down, there will be many people who associate global problems with the crypto market, because I think it has absolutely nothing to do.

Actually for me it's not even corona virus. I think every time the price crashes or springs up, people immediately put a reason to it... and it's usually so completely silly. I mean the flu virus hits Europe and kills hundreds of people at the same time. Yes guys this is a flu, just mutated. Just cause it's China everyone makes it such a fuss.

[arwin100]

It has nothing to do, because I only know that the rise in the price of bitcoin occurred even before the corona virus spread and circulated in the news media in every country. If indeed it is related, at least the corona virus has become a serious problem before the rise in the price of bitcoin occurs, that is a simple thought because in reality every bitcoin price goes up and also goes down, there will be many people who associate global problems with the crypto market, because I think it has absolutely nothing to do.

Actually for me it's not even corona virus. I think every time the price crashes or springs up, people immediately put a reason to it... and it's usually so completely silly. I mean the flu virus hits Europe and kills hundreds of people at the same time. Yes guys this is a flu, just mutated. Just cause it's China everyone makes it such a fuss.

It's crazy to see this situation link to the bitcoins price since in the first place there's no picture could relate them up since both have different situation and there's no outage of anything or whatever out there that's why we can still bitcoin pump up eventhough there's a plague happening on China. And instead of thinking these craziness maybe it's good for us to pray for the Chinese welfare since it's Global problem and if they fail we will also fail.

[ballerin and giroud]

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

Could you explain why you have this think? Is there any related among bitcoin with any disaster in this world? I think there is no! Bitcoin is a currency or an investment place and corona is an illness so as there won't be anyone who sell their real asset and buy bitcoin. You have to know that bitcoin is not everything that can be used as a reference with all the issue that happened in this world. Seem like you need to learn more about bitcoin and cryptocurrency so as you can have your own perspective against everything that happens in this world.

[Latviand]

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

Corona virus caused the activities of the Chinese community to be a little stopped and the workers also did not work as usual and more rested, and that I don't think will have much effect on bitcoin even though the effect will still be on a small scale.

How come that it would affect the market value of Bitcoin? The issue with regards to NCoV has risen weeks or month ago, but the market is fine unlike when the tension between Iran and U.S arise wherein it somewhat affected the price of Bitcoin that uprise occured then at the moment that the tension cooled down, the price again fell down. And at this moment wherein the virus is still a hot topic, things are not that different. So maybe, it won't affect such aspect.