Corona Virus and The Effect on The Markets

[ene1980]

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.

This is the exact sentiment from my side, it is unfortunate to see an epidemic spread out like this and hopefully people are stuck in some parts of the world because of this situation and their daily routine shattered but it is not taken a global hit on the market scenario still and hopefully they will be able to contain the virus as it is a really deadly one as it could spread soon and through human interaction and i am sure all the countries are taking precaution to prevent the virus spreading out and i am expecting that and the markets will be fine.

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[Maslate]

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.

For me, corona virus has nothing to do with the present positive price of crypto. The economy of China may be totally down with this current disaster but when it comes to the condition of the crypto market, i don't think it has any connection. Even when we say that there are big Chinese investors who may be selling their coins today, it's not still a basis of the rising value of crypto market.

[figmentofmyass]

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

i prefer your usual technical analysis vs your fundamental analysis. interesting commentary nonetheless.

the initial selloff in stock markets felt panicky but we've already seen a solid recovery over the last two days---monday's down gap was completely filled. the markets are reacting positively to news that outside of china, there have been no deaths and very few cases in general. https://www.nytimes.com/2020/01/28/world/asia/china-coronavirus.html

wuhan is completely on lockdown, so hopefully we're already turning the corner on this from a public health angle. while the number of infections in china compares to SARS (which itself subsided quickly), the coronavirus has killed only 1/3 as many people (133). people seem to be blowing the numbers out of proportion based on worst case scenarios.

[elisabetheva]

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.

the first time it was clear we had to be concerned there would be a corona outbreak in china that hopefully could be resolved quickly and not spread. as the colleague above said that we know that the Chinese commodity is very spread and with this it will definitely have an impact and I also can not be sure whether it will affect the crypto. because we know that the biggest crypto trade in China, maybe at least there might be an influence too. I hope this can be overcome quickly.

[AniviaBtc]

The thing about the Corona Virus is its location, China.

Did you know that it is spreading in other countries through immigrants from China? Some countries should ban their country from Chinese immigrants. Not being a racist but it is the safe way for the people to become isolated from the novel corona virus. Some countries are being quarantined just because Chinese people are still continuing to enter in some part of the countries.

Although Chinese people are a good contributor for the economic state of the cryptocurrency, because they have a massive number of population who uses bitcoin in the markets.

This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.

Regarding the damages, human lives are also a factor because people are the one who work hard in exchanges, mining, transactions, holding, and etc. Many people will become scared because of the virus that can easily transmitted through direct and indirect contact. The spreading of the disease are fast enough so that many countries are being alerted and doing precautions for them to keep themselves away from the virus. Many transactions will be postponed because of the possible effects of the virus to the people around the world.

[Kakmakr]

When you want to see what the possible impact of the Corona virus is on Bitcoin, you have to look at the behavior of the people who are impacted by this virus. One thing that is clear is the fact that people that are living in the most affected areas, are hesitant to go out in public, so they mostly stay in doors.

When people stay at home, they use online services more, so eCommerce transactions will increase and retail <Brick n Mortar> shops will suffer as a result. <We know the first instance of the virus are traced to a open market, where wild animal product were sold, so people will avoid these public spaces.

Now, with more people using eCommerce sites, people might look for more payment options. <Visiting a Bank or Fiat ATM will also be avoided to prevent infection from other people and also contaminated cash or ATM keypads.>

People will also spend more time in front of their computers, trading and buying and selling bitcoins and also doing research on the subject to pass the time.

So, in theory more activity and trading volume might push up the price of bitcoins, if there are more demand for the coins. This can be offset by the people using it as a currency to buy products and/or to pay for online services. 

[qwertyup23]

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.

The virus just started less than a month from now but if it remains to persist, it may definitely affect the stocks and the general price of goods in the market. As of now, businesses that produce face masks, alcohol, and other medicine related stuff are on the positive side as more people demand these products.

One thing you have to consider is the impact of the virus to the public. If people are not willing to leave their houses for fear of acquiring the virus, people who usually do their business at their house are unaffected by it (e.g. traders, stocks, etc.). But again, this kind of epidemic may be unpredictable and affect foreign relations of countries to China despite prioritizing their current health situation.

[alexsandria]

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.

Is there really an affect of Corona Virus on the current market? I guess there are some effect of it, especially that this corona virus was first discover on some Chinese citizen. It may really affect the supply chain of the market because if this virus really comes from China and this country was one of the biggest or center of cryptocurrency it would be a large damage for us especially on the current market right now.

[Twentyonepaylots]

The thing about the Corona Virus is its location, China.

Did you know that it is spreading in other countries through immigrants from China? Some countries should ban their country from Chinese immigrants. Not being a racist but it is the safe way for the people to become isolated from the novel corona virus. Some countries are being quarantined just because Chinese people are still continuing to enter in some part of the countries.

Although Chinese people are a good contributor for the economic state of the cryptocurrency, because they have a massive number of population who uses bitcoin in the markets.

This is starting
to affect certain supply chains. We cannot underestimate the damage
this can do to global trade, not to mention human life.

Regarding the damages, human lives are also a factor because people are the one who work hard in exchanges, mining, transactions, holding, and etc. Many people will become scared because of the virus that can easily transmitted through direct and indirect contact. The spreading of the disease are fast enough so that many countries are being alerted and doing precautions for them to keep themselves away from the virus. Many transactions will be postponed because of the possible effects of the virus to the people around the world.

Indeed. When this epidemic reaches global scale, there's no knowing what'll happen not only to cryptocurrencies as a whole but to us humans in general. The destruction and the panic this may ensue is something that could really wipe us off the face of Earth. So I'm hoping that there will be a cure for this illness.

[kaya11]

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.

Maybe because it can be one of a reason that a full grown country like China would accept again bitcoin as a means of payment, since a virus outbreak can destroy them in terms of economic growth. If it continues and never stooped and somehow goes to other populated country, then the country will be dangerous and people will keep on leaving the place and find a new home leaving China a ghost town. That is why Chinese maybe are secretly buying bitcoin for alternatives.

[renuabened]

This is ridiculous! This correlation is made up of emptiness. There is no reason to believe that the market is somehow dependent on the virus. It would be appropriate to talk about this if this virus would cause the death of a huge number of people. But this is not so. Therefore, any hint of correlation is just a fiction.

[aoluain]

i disagree!
The WHO today has declared a Global Health Emergency to a Virus which
has not been detected before and so there are no vaccinations available,
vaccinations are potentially years away.

If the emergency escilates there will be effects in markets for better and/or worse,
we cannot just brush this off as something trivial.

https://www.google.com/amp/s/www.nytimes.com/2020/01/30/business/stock-market-today.amp.html

"As Virus Spreads, Prospect of Economic Hit Drives Stocks Lower"

Stocks fell and gold prices rose as economists revised their outlooks
on the impact and as companies announce closures and financial hits.

[Google+]

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.

Is there really an affect of Corona Virus on the current market? I guess there are some effect of it, especially that this corona virus was first discover on some Chinese citizen. It may really affect the supply chain of the market because if this virus really comes from China and this country was one of the biggest or center of cryptocurrency it would be a large damage for us especially on the current market right now.

indeed the country of china has a high cryptocurrency circulation but if it is thought with logic when everyone in china is affected by the virus then he is exposed to the disease and trying to secure his assets in any way they will exchange using local money but current market conditions it is different, with a virus like this the price of bitcoin can increase prices, I feel confused with such cases and maybe this is also the effect of getting closer to halving bitcoin so that people already know bitcoin will be increasingly difficult to obtain so that many start buying bitcoin despite the virus outbreak corona still threatening.

[mich]

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

Are you possible saying that the BITCOIN bulls are back and it is related to CORONA?
It is just a coincidence I think
I dont like to say this but if its the case then maybe we can use some ore viruses

[Electric4]

I don't think it's having any sort of effect on the markets. It would have to be ten times worse in terms of spreading. It  has to be bigger, like a war.

[Magkirap]

I don't think it's having any sort of effect on the markets. It would have to be ten times worse in terms of spreading. It  has to be bigger, like a war.

I think if the virus continues to spread around the globe it will surely affect the market for tons of people will not be able to buy and sell because they're more concern about the virus and that means the demand will slide down that can make prices go down as well and in this kind of situation specially in the origin of virus people might convert their cryptos to fiat for emergency use but that will be just for a moment where they will use exchange site but after that they will temporarily abandon their accounts because of the virus spreading.

[breathlessz]

I don't think it's having any sort of effect on the markets. It would have to be ten times worse in terms of spreading. It  has to be bigger, like a war.

I think if the virus continues to spread around the globe it will surely affect the market for tons of people will not be able to buy and sell because they're more concern about the virus and that means the demand will slide down that can make prices go down as well and in this kind of situation specially in the origin of virus people might convert their cryptos to fiat for emergency use but that will be just for a moment where they will use exchange site but after that they will temporarily abandon their accounts because of the virus spreading.

I don't think it will happen as you worry, we can see that there are now prevention efforts, and China is building quarantine in a short time. and we can see that the market continues to climb, so it can be concluded that the negative possibility can be avoided until now

[iamsheikhadil]

I think it has much to do with hidden research and stuffs like Corona virus might have been a product of some conspiracy many would believe and it is also for those who wants to spend or transact secretly and considers Bitcoin as Messiah and hence price of Bitcoin going up. It may not be, but just my opinion.

[Sebas.tian]

Absolutely, there is a coronation between the corona virus and the entire financial institutions around the globe. Issues of this nature will always arise and affect the world economy because, this virus called corona virus has no cure yet and, there hasn't be found vacillation for the  deadly Virus.

I saw a while ago on Twitter that, there has been a drop in the stock market, this may have a significant impact on cryptocurrency market. Also, many financial institutions around the affected region has been closed and more to be close soon. In my country here, malis have been close and the government are still considering financial institutions too.

[wheelz1200]

Its fear mongering really.  Why isnt anyone that concerned that influenza kills thousands every year, that doesnt make a dent in the markets.  If it was in the news and lumped as an epidemic it would do the same thing.  Is coronavirus bad, yeah is it the end of the world nope.  But yeah this will effect all markets.