Corona Virus and The Effect on The Markets

[olumyd]

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.

Personally, I'm not sure there's any relation between Corona virus and the crypto market. Crypto market has always tended to be bullish in this period (before the halving), so all a coincidence. But if there are fundamentals (beyond speculation) that BTC is in fact bullish in the areas where Corona virus is active, would be nice to underscore this as historic, though minor, but could imply greater microeconomic roles to come in the future.

[ene1980]

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.

The neighboring countries of China and the possibility of spreading the virus world wide in a short period is possible and that will impact any market because people will be forced to isolate and sit at home and the entire market will be shut until it is contained and there are rumors that the virus have spread to different countries and if you are not taking proper precaution then it will impact everything on its way. Jobs will be shut down markets will be locked out and it is a serious threat and since the rest of the countries have taken extra precaution everything will be fine.

[Janation]

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

It is a bit surprising but this is really a coincidence

If there will be an effect to the price of Bitcoin because of this, that would be really nothing since Bitcoin and this virus has no connection at all.

[lanos925]

Comparing this is the same as trading the market based on correlations from here.

[stomachgrowls]

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.

Personally, I'm not sure there's any relation between Corona virus and the crypto market. Crypto market has always tended to be bullish in this period (before the halving), so all a coincidence. But if there are fundamentals (beyond speculation) that BTC is in fact bullish in the areas where Corona virus is active, would be nice to underscore this as historic, though minor, but could imply greater microeconomic roles to come in the future.

Lets just simply try to differentiate a market and a virus outbreak.For somehow this one do really affect some sectors of the economy but wont really come to that some sort of affecting it mainly.

We do even say that Forex and Stocks sentiments doesnt have correlation with Crypto market which come to think that they are more near and a relevant one to be compared on rather than on a virus break out.

Majority of us here would have the same views and do agree on each points.

[Desscount]

yesterday I saw the news on television, seen a lot of stock prices seen down, but it is very different in the crypto currency market, maybe the situation in China will not affect the price of bitcoin

[imstillthebest]

yesterday I saw the news on television, seen a lot of stock prices seen down, but it is very different in the crypto currency market, maybe the situation in China will not affect the price of bitcoin

yeah stock market is far away from the market of bitcoin  .  infact the price of bitcoin rise  .

 the only one that can affect the price of bitcoin is when local currency down because the rate of btc and other cryptos are measured with fiat.

  corona virus is not harmful direcrly to btc but this news is something that we take seriuosly because more and more countries are now getting affected with it .

[FlightyPouch]

yesterday I saw the news on television, seen a lot of stock prices seen down, but it is very different in the crypto currency market, maybe the situation in China will not affect the price of bitcoin

Obviously, I mean there is an outbreak in their country and they would be still thinking about their investments? I don't know about the stocks but I think it is just all happened at the same time as the outbreak. The price of bitcoin is unpredictable, it is volatile so we never know what happens. It doesn't mean that the price of bitcoin is going up, which means it is because of the coronavirus outbreak.

[beerlover]

There are more people who die every year because of shark attacks, yet people are really afraid of something that killed only around 100-200 people. Now, WHO created a global emergency, people think something huge will happen, same WHO also made a global emergency for Ebola as well, remember that? No one in the uninfected countries had to do deal with that, only very few people died.

We are literally talking about less people dying from corona than the airplane Iran shot down and yet everyone acts like we about to turn into a zombie movie. Calm down and continue your life like nothing happened, believe me you will be fine, both you and your money is safe from corona and will be safe for a long long time, no matter how much "flu" get worse, we will find a cure for it don't worry.

[Vishnu.Reang]

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.

You can't take the epidemic lightly. Because it is highly contagious. The Chinese authorities are doing the right thing by isolating major centers, and the other nations are also reacting properly by closing their borders and screening the international travelers. I heard that the mortality rate is somewhere around 2%. But the issue is not with the mortality, but the main issue is with the speed at which the epidemic is spreading. It is spreading at a much more faster pace, when compared to influenza or SARS.

[panganib999]

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.

If you are watching some news, they said that doctors are working on the vaccine for the virus. In some parts of China, some patients are getting better and better but not totally cured. According to the latest news, corona virus aren't that fatal because we just need to improve our immune system while we're not infected by the virus. Good immune system will be our defense against the novel coronavirus outbreak and that will help us for a fast recovery when we're infected. But no need to worry, because I know that every government has doing something about it.

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.

Face masks is in demand, many stores are grabbing the opportunity to reproduce more so that they get so much profit. That's good for them but bad for the people because they need to spend money just to protect their health due to the corona virus. Roads are not safe, travelling is not safe, and people are very scared to get the diseases so people tend to not go to work. Market is very affected by this novel corona virus so that it has a good and bad effect to the economy.

[goldade]

I do believe that if the corona virus has done anything to the marker, especially the crypto market, it is to affect it positively. Many people afraid of the corona virus and it's transmission will have avail themselves to the prospect of digital money. They'll realize that it is more safer and more reliable than transacting fiat P2P.

[ScamViruS]

If the virus is spread around the world, it will affect any market. Not just the crypto market, including the stock market. Because where people are concerned about life, people will not think about trading or invest. Then it will have a huge impact on the market. China is the big market for crypto trading so if something big happens in China, it affects the crypto market. So now I think the Corona virus could have an impact on the crypto market. Any side can take the market ups or down side.

[plvbob0070]

I don't know where to find connection between nCoV and the market situation. It's a big crisis in China and even now that other countries are being affected by this virus, especially those country in Asia. But does it really have an effect with the market price? Maybe it can affect, but wouldn't give a major impact.

I don't think they will prioritize money nor having digital transactions in buying their necessities because most people in Wuhan are panic buying their own needs. And I think, the Chinese government are helping them as well.

With this kind of situation, money isn't that important anymore. Well you need money for your foods but having too much or saving money isn't important because it's their health they have to prioritize.

[barbara44]

If the virus is spread around the world, it will affect any market. Not just the crypto market, including the stock market. Because where people are concerned about life, people will not think about trading or invest. Then it will have a huge impact on the market. China is the big market for crypto trading so if something big happens in China, it affects the crypto market. So now I think the Corona virus could have an impact on the crypto market. Any side can take the market ups or down side.

Corona virus is not spread on that great extend in China until now and only few parts of the country are been infected. Moreover, I cannot find any medicine for such virus and hence it might be something which could spread similar to the wild fire into the dried forest. This might be unstoppable if the antidote for such virus is not found.

There are people who are painfully suffering and ending up in death due to this virus and hence, most of the people might be conscious about their health which might make them spend most of the savings, earning into being safe and away from the virus. Also, the treatment for such virus might be much costlier so people would indeed need money to fight such chronicle virus and hence they might move their funds out of bitcoins.

[fiulpro]

Okay , so let's see , more than 250 people are dead because of Corona virus in US . Now I am not saying that it is a small thing but you know we are making too much of a big deal about it , now as long as this number doesn't make it an epidemic till then it's fine , that is when the markets are gonna be affected , right now it's a problem that scientists are struggling to prevent , the market is not being affected trust me .
It would take a lot more than that to affect the market.

[Question123]

I don't think NCOv have effects on the market right now , I do not know the real reason too why the market increasing. But Im very thankful right now because that is happening . Other people are believe becayse of that virus why bitcoin increase and I don't see any connection about this.

Anyway I hope that corona virus will stop spreading to the other people and discover a cure so people will be safe from that threat.

[tbterryboy]

I don't know where to find connection between nCoV and the market situation. It's a big crisis in China and even now that other countries are being affected by this virus, especially those country in Asia. But does it really have an effect with the market price? Maybe it can affect, but wouldn't give a major impact.

I don't think they will prioritize money nor having digital transactions in buying their necessities because most people in Wuhan are panic buying their own needs. And I think, the Chinese government are helping them as well.

With this kind of situation, money isn't that important anymore. Well you need money for your foods but having too much or saving money isn't important because it's their health they have to prioritize.

These situations might actually turn bad for bitcoins or any other investments like stocks, commodities, etc because in situation like this, people would never count money but instead they would run for a better health and to stay away from the contagious disease which is spreading rapidly.

In these situations, most of the people from the infected city/state might not even continue with their work and might sit home just to make sure they do not get infected and in this situation, they might lose their stable source of income which might force them to sell their bitcoins in order to fulfill their daily needs. This might than affect the price for bitcoins and we might see a dump if there are huge number of people following the same.

[Pinkris128]

I don't think NCOv have effects on the market right now , I do not know the real reason too why the market increasing. But Im very thankful right now because that is happening . Other people are believe becayse of that virus why bitcoin increase and I don't see any connection about this.

Anyway I hope that corona virus will stop spreading to the other people and discover a cure so people will be safe from that threat.

I always have been seeing the same topic all over again, and i always keep saying that corona virus will not have any effect in the crypto market because while it is spreading in every country, it will not help the market for more people will invest and store their money in crypto.

[justdimin]

We will see the real trouble if one day the trade agreements with china gets lower because of this but lets face it, no company CEO will ever make a change due to corona virus since its still cheapest form of manufacturing and even one day Tim Cook hears that all iphones now carry traces of corona virus, they will just come up and say "we clean it very well" and still sell it because the sweatshops in China where they work little boys and girls for pennies are the reason why Apple could make so much money, if they ever want to build a place in USA where they manufacture, hire american workers, pay livable wage, cover insurance, let them unionize etc etc that would mean literally x50 the cost of current system for them and less profits.

They rather let iphone users die of corona virus than lose profits.