Corona Virus and The Effect on The Markets

[mersal]

Stocks of chinese based companies are falling but it doesn't hit the crypto market until now or the investors changed their asset from stocks to cryptos due to this issue.But the recovery of fall will take too longer in traditional market so possibility of crypto prices will increase further more if the issue hasn't been resolved sooner.

[coinfinger]

The effect in the crypto market has been the opposite of what people really expected. Some were saying it would cause a decrease as a lot of people were expected to start selling their coins at this time, but instead of that a lot of people have chosen buy more of he asset and store and that has caused a spike in market price with the price reaching as high as $9,300+.

I know for sure that it is not just going to end here, there’s going to be more people buying into, analysts have predicted $10k as the next move, only if the bulls will defend this level aggressively.

[hello_good_sir]

The Chinese stock markets are obviously taking a hit.

Other than that, though, I really don't see any real affects on cryptocoins. It's completely ridiculous to try to attribute the recent corrections that BTC has seen onto an event that is widely overhyped, and will likely not transmit into financial markets as much as some people do expect.

BTC markets are quite idiosyncratic to begin with and does not tightly correlate with real world news, despite the fact that a lot of people make it seem like the truth.

[mamahdedeh]

The effect in the crypto market has been the opposite of what people really expected. Some were saying it would cause a decrease as a lot of people were expected to start selling their coins at this time, but instead of that a lot of people have chosen buy more of he asset and store and that has caused a spike in market price with the price reaching as high as $9,300+.

I know for sure that it is not just going to end here, there’s going to be more people buying into, analysts have predicted $10k as the next move, only if the bulls will defend this level aggressively.

right, now I'm sure more people will believe the bullrun is coming, and they don't want to lose the opportunity. therefore the rally will re-occur, and maybe most of the crypto will follow in the footsteps of bitcoin, hopefully a new peak can be formed again, so that people will increasingly believe in crypto

[Desscount]

The effect in the crypto market has been the opposite of what people really expected. Some were saying it would cause a decrease as a lot of people were expected to start selling their coins at this time, but instead of that a lot of people have chosen buy more of he asset and store and that has caused a spike in market price with the price reaching as high as $9,300+.

I know for sure that it is not just going to end here, there’s going to be more people buying into, analysts have predicted $10k as the next move, only if the bulls will defend this level aggressively.

Even though Bitcoin reaches more than $ 9300, it's still very vulnerable to correction, if you want to trade at current prices, think first,
because we don't know yet whether Bitcoin is affected or not

[Assface16678]

The effect in the crypto market has been the opposite of what people really expected. Some were saying it would cause a decrease as a lot of people were expected to start selling their coins at this time, but instead of that a lot of people have chosen buy more of he asset and store and that has caused a spike in market price with the price reaching as high as $9,300+.

I know for sure that it is not just going to end here, there’s going to be more people buying into, analysts have predicted $10k as the next move, only if the bulls will defend this level aggressively.

Today many people pulling out in their investment if they are affected by the virus because those funds will helps a lot to them for transferring into another country or place. There are only happens to the holder of the crypto. If they have affected they will pull out their investment and use this to migrate else. Some people will hold their money or coins because they know it wi grows up the price because of the spreading of the virus. Does the infection affect the world of marker I think yes because many people now make withdrawal process on their coins because they want to buy their needs like mask, foods, water, clothes and other basic needs to survive the virus out break.

[Blackdeath]

Currently, the price of bitcoin is green which means it is starting to improve it's price, but i don't think that the corona virus outbreak is the reason why bitcoin is started to have a good price. There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.

[BitHodler]

There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.

It has had quite an impact on the Chinese economy with how very large cities have seen a dramatic decline in productivity and directly economic growth. In this case it makes sense that there is a negative effect on the market.

In crypto it's nonsense. People shouldn't hope that the Corona virus is causing the price to increase because if that was actually why the price went up, the price would give back its gains when the situation around the virus calms down.

You definitely don't want Bitcoin to behave like a safe haven because it would miss out on the mad gains during a decade long equities bull run. Gold as safe haven performed very poorly in the last decade.

[bering]

Currently, the price of bitcoin is green which means it is starting to improve it's price, but i don't think that the corona virus outbreak is the reason why bitcoin is started to have a good price. There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.

Agreed with you that although bitcoin showing positive trend lately but i don't think it caused by corona virus and so far as this plague was so widespread in china so the biggest impact probably only on that country itself that people cannot go to works and doing daily activities and i think if this continue then china economy will weaken

[pikkie]

Currently, the price of bitcoin is green which means it is starting to improve it's price, but i don't think that the corona virus outbreak is the reason why bitcoin is started to have a good price. There might be other reasons why bitcoin have increased it's price because viruses like corona will only affect the mortality of a human being not the market.

I think it is very fortunate that the corona virus is not spreading quickly because if all countries are affected by the disease and can reduce the human population in the world and make many people panic then it is certain that the price of cryptocurrency at the exchange will collapse because more people will secure their assets, I hope this epidemic can stop quickly and there are no more casualties.

[Barbut]

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

You don't need to be smart to know the answer to this question! Farmaceutical companies will make a lot of profit, they are making the profit now. The companies that produce masks will make a profit too. Chinese goods, at least some goods will have a drop, a huge drop.
To make it even more simple, everything and anything connected to protection and curing Corona virus will be very profitable. Everything and anything that's connected with spreading the disease will have a drop!

[Oceat]

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

You don't need to be smart to know the answer to this question! Farmaceutical companies will make a lot of profit, they are making the profit now. The companies that produce masks will make a profit too. Chinese goods, at least some goods will have a drop, a huge drop.
To make it even more simple, everything and anything connected to protection and curing Corona virus will be very profitable. Everything and anything that's connected with spreading the disease will have a drop!

The corona virus is just too over hype that leads to a misleading information in some other countries that creates a panic that's why there is a lot of mass mask buying yet they don't know what actually the virus is or how it could survive to its host. A proper lesson is required to not to overreacting to the NCoV since there are worst viruses already before who didn't survive that long in the tropical countries.

[Vishnu.Reang]

The epidemic is showing no signs of slowdown and every day thousands are getting infected. New cities are being placed under lock-down in China. Now it is sure that this will lead to hundreds of billions of USD worth of financial loss in that country. Investors will be left poorer and many of them will be forced to sell their Bitcoin holdings to cover immediate expenses.

[samcrypto]

The epidemic is showing no signs of slowdown and every day thousands are getting infected. New cities are being placed under lock-down in China. Now it is sure that this will lead to hundreds of billions of USD worth of financial loss in that country. Investors will be left poorer and many of them will be forced to sell their Bitcoin holdings to cover immediate expenses.

This virus started December last year, and its not a serious virus before but unfortunately it get worse everyday and now this is the result. Almost all the establishments on the affected area are closed and not making any money because of the fear for their life. The stock market goes down and some investors don’t know what to do anymore especially they are being locked down on affected areas. Crypto market seems unaffected but I hope bitcoin can help them rise again.

[RealMalatesta]

It is not a shock that China would be affected by this, of course they would be, and in a sense that even the world markets would because lets face it, the world depends on China way too much, one of the main reasons why China gets away with murder of anyone they want and being a dictatorship.

However, remember that there has been virus and scares all around the world every single year and we just went with it alright without major issues, Sars, Ebola, Swine flu etc etc all were a scare back in their day and we were all mocking about how plague inc. is becoming a reality and so forth yet in the end not many people really got affected, sure its sad that few hundred, even few thousand people dying for these diseases, however that doesn't mean we should overreact to it like its end of the world neither.

[sedov1966]

The epidemic is showing no signs of slowdown and every day thousands are getting infected. New cities are being placed under lock-down in China. Now it is sure that this will lead to hundreds of billions of USD worth of financial loss in that country. Investors will be left poorer and many of them will be forced to sell their Bitcoin holdings to cover immediate expenses.

Til this day remains one chart behavior - usd is getting slightly lower, yuan is falling, btc is climbing up and the alt market is obviously following btc

[HarmonyA]

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.

China's intensely controlled securities exchange is a moderately immaterial pinion in its economy, however the following not many months are probably going to demonstrate difficult to an economy despite everything reeling from its slowest development in three decades.
This will may affect the crypto market negatively and positively.
Negatively as China is more concern at restoring sanity of the population health in order to maintain its place in the world economy.
Positively,  as a lot of person would prefer using electronic transaction to reduce bodily contact with people.

[exstasie]

Til this day remains one chart behavior - usd is getting slightly lower, yuan is falling, btc is climbing up and the alt market is obviously following btc

Coincidence.

Cryptocurrency isn't a safe haven asset, so there's no reason to think it would benefit from a pandemic. In fact, quite the opposite I think. If a full-fledged and prolonged global pandemic develops and ushers in a global recession, I would expect all high risk assets (like stocks and BTC) to fall together.

That prospect has not been priced in by global markets. That's because there's a good chance this will all blow over, which is why there have been no real secondary effects on the crypto markets yet.

If the S&P500, DAX and others actually crash, it'll be a different story.

[aioc]

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

I don't see the connection may be the uploader of the video just want to connect and is finding reasons to connect the market to this epidemic, the market moves as it should be in the bear market, slowly but surely there is no drastic change since the outbreak of Coronavirus, the market is moving as expected because of the halving.

[travwill]

It seems that the influence of Coronavirus as part of the impact on the economic system has become wider than anticipated.
After all, the absence of China in the world market affects the production of everything that was produced in China.
In some regions, the use of face masks has stopped, because they were made in China.