Corona Virus and The Effect on The Markets

[Chaintrader_1]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

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[gabmen]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.

[dothebeats]

I wouldn't go so far into dragging the markets into an epidemic issue concerning the virus. Stock indices are still doing just fine on my books the last time I checked, and most--if not all--markets are far from the epicenter of the epidemic. Business usual as they say, and we might even be nearing the end of this contagion as Australia have already replicated the 2019 nCoV in a laboratory, meaning we could produce a milder strain to negate the effects of the wild nCoV amongst humans.

Should the epidemic last for a couple more weeks/months, perhaps that's where drastic changes would happen, especially if the cases continues to rise and rise. By then I'm sure major markets would take the hit, but for now I'm pretty confident that the virus isn't affecting any market as of this moment.

[leeboy]

At least, bitcoin is not dropping as classic financical markets. Im loosing money due to this epidemy

[Lanatsa]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.

I think no connection in BTC increase since some can use online banking if they prefer a electronic transaction to avoid contact unless those affected regions were crypto friendly but since it was China I believed it's not the reason  maybe still about halving or just a slight effect of epidemic from other country other than China.

People are just way overacting too much when connecting an epidemic to current markets its either on crypto or forex/stocks.

Just like on what others telling here that i dont see for it to affect the market.It might create some panic but wont really come to that certain extent.

[smyslov]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

The Youtube uploader would like to make it appear that the Corona virus has something to do with the price, when in fact people are expected that this will be the case this halving year, but he has good reason because he thinks in advance and he is even using a chart to make it appear it is so.

[minairia3]

That's an overrated reaction dude. This epidemic crisis the world facing has nothing to do with cryptocurrency markets. Stop relating every event that occured which has no basis to affect its price.

Yes the epidemic has a lot of negative effect but not to this market, but to China economic zone alone. This will decrease their confidence to go in and out of their country which affect other countries tourism cause Chinese to travel around the globe, and also their products which will halt for a while. But no relevant relation regarding crypto.

[LeGaulois]

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Financial analysts are trying to make a comparison with the SARS virus which appeared in 2003, it had a negative impact on Chinese growth. But the financial markets had rather reacted positively with a rather increased volatility (particularly when WHO announced an alert), the S&P 500 index, for example, had jumped by 10%.

But nowadays China's share of world GDP has tripled since 2003 so the result may be a lot different especially if restrictions start. Perhaps the markets are already anticipating (the case for DAX and CAC40) and that's perhaps why the crypto market is green too (with a positive trend + high volatility). About $700 in a week, if there is an alert from WHO I wonder if BTC can hit $10k :p

[yoseph]

I wouldn't go so far into dragging the markets into an epidemic issue concerning the virus. Stock indices are still doing just fine on my books the last time I checked, and most--if not all--markets are far from the epicenter of the epidemic. Business usual as they say, and we might even be nearing the end of this contagion as Australia have already replicated the 2019 nCoV in a laboratory, meaning we could produce a milder strain to negate the effects of the wild nCoV amongst humans.

Should the epidemic last for a couple more weeks/months, perhaps that's where drastic changes would happen, especially if the cases continues to rise and rise. By then I'm sure major markets would take the hit, but for now I'm pretty confident that the virus isn't affecting any market as of this moment.

All the global stock markets seems to be doing well with the notable exception of the Hang Seng and am sure this would be because China is the epicenter of the Coronavirus and people seem to be scared, the whole thing hasn't become a global crisis yet that's why most of the world's market are all doing extremely well in that regards.

[jcpone]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Even Corona virus was spreading, I never see bitcoin that are affect by this virus problem in China. In fact, the price of bitcoin was getting higher instead in the market, right? that is most important so far to all bitcoin fanatic here in this industry anyway. Maybe in some country they got affect by this illness but for bitcoin is not.

[LUCKMCFLY]

It may not be a Fundamental yet, maybe they may be taking advantage of it to cause some type of panic for sell cheap bitcoins, the effect of this may be usable for whales (perhaps, it is mere speculation). However, taking into account that the market is moved largely thanks to emotions, it is likely that a percentage will obey it. The effect would be almost immediate if it is considered a Fundamental, at an economic level it can be considered that way.

[merchantofzeny]

I don't think so. This is not the effect of the pandemic, if any, it should have caused a decline. If you think you have a good chance of dying from a spreading pandemic you'd more likely cash out and try to use that money to avoid it by buying supplies, etc, rather than holding it.

Unless of course you're ultra-rich and have already prepared beforehand...

[doomloop]

At least, bitcoin is not dropping as classic financical markets. Im loosing money due to this epidemy

I do not think so there is a link between the virus and the crypto market. Do not link everything with Bitcoin. Coronavirus situation is a health disaster, it only needs prayer and precautions. Any type of help if you can offer to the states that are fighting with this deadly virus would be a great step. This do not have anything to do with the Bitcoin or crypto market.

[Jiyens3]

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Yeah corona virus affect on the market. in some countries it affect for their currency that has decrease value. so based that i think possibility to affect for bitcoin market and make bitcoin increase price for few days. although its not reasonable and bitcoin really has value because itself not affect about corona virus or war of iran and United stated like the issues

[hugeblack]

So far, this virus has not spread dangerously to make it a threat to global security, it is largely confined to China & some countries.
the number of deaths is about 140 death, which is a much lower number than deaths due to disease or even natural death.

Even if the matter turns into a global pandemic, it will seriously harm some commodities and products that come from China, and it may affect some banknotes, but it will not be a major factor in the rise of the index or causing the price to collapse.

[Linkkoin]

At least, bitcoin is not dropping as classic financical markets. Im loosing money due to this epidemy

I do not think so there is a link between the virus and the crypto market. Do not link everything with Bitcoin. Coronavirus situation is a health disaster, it only needs prayer and precautions. Any type of help if you can offer to the states that are fighting with this deadly virus would be a great step. This do not have anything to do with the Bitcoin or crypto market.

It could if there will be serious power issues in regions of China where most of the big mining farms are located.

[Gyfts]

The Ebola scare had a greater effect than Coronavirus and Ebola was a much more deadlier disease than Coronavirus. Ebola slightly shifted the market but mainly pushed pharmaceutical companies stocks through the roof. Coronavirus is an issue but it's being used to fear monger to people without a basic understanding of the virus.

[aoluain]

The thing about the Corona Virus is its location, China. This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.

[X-ray]

It will influence China's economy, but if we come to cryptocurrency subject, I am not sure. I can not hook up between them. Already the disease is not very common and fatal, the death rate is just %2. So, there is no big reason to be selling. therefore relax and keep investing.

Even if it's more lethal there's no point of selling really, the city is isolated and at this point the spreading of virus is already supressed and I don't really think it has any affect in the long run to crypto or financial technology. It's just people being overthinking about something like this virus that makes it popular.

[Twinkledoe]

The thing about the Corona Virus is its location, China. This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.

That is very true, we should never underestimate its impact in the global aspect as most of what we are using today is made in china. And since a lot of Chinese cities are in high alert, their production may not be as efficient as before. But right now, we can't tell exactly its effect in crypto trading but I really do think that somehow it is influencing already though not significantly.