Corona Virus and The Effect on The Markets

[MinerHQ]

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.

There was some WhatsApp messages were going on about the people were picking up masks from the street side to repacking and selling purpose. After watching those kinds of videos people have lost the confidence to use those masks.

South Korea's Hyundai suspended operations due to no parts available. These parts are supposed to come from China.

[vintages]

Well, so far the price of Bitcoin has not reduced but have shown positive signs. This could mean one thing; that the majority of Bitcoin hodlers or investors are not from China. But spread across countries.
And moreover, the virus does not require investors to sell off their coins. They both seems not to correlate. Nevertheless, we hope it will be resolved soon enough.

[julius caesar]

Actually the Corona Virus doesn't really have an effect on the price movement of the bitcoin. As you can see, the price of bitcoin is continuously moving upward meaning it doesn't really have an effect at all to its price. Maybe this circumstances does not have a relationship to the markets price movement at all

[Coinbees]

It is a little too recent for this virus to be a real implication in the evolution of prices.
W8 & SEE

[FlightyPouch]

Actually the Corona Virus doesn't really have an effect on the price movement of the bitcoin. As you can see, the price of bitcoin is continuously moving upward meaning it doesn't really have an effect at all to its price. Maybe this circumstances does not have a relationship to the markets price movement at all

Well, some say the reason why the price is increasing is because of the coronavirus happening. When the outbreak happened, the price increases. Obviously it is a coincidence, no matter what they say this is a coincidence. What could be the connection between these two that can affect the other? Nothing since they have no connection or relationship at all.

[Williams_Leo]

Well, so far the price of Bitcoin has not reduced but have shown positive signs. This could mean one thing; that the majority of Bitcoin hodlers or investors are not from China. But spread across countries.
And moreover, the virus does not require investors to sell off their coins. They both seems not to correlate. Nevertheless, we hope it will be resolved soon enough.

Indeed, corona virus is becoming a fever and a topic that is discussed and researched by all countries all over the world but overall, the influence of the virus is not related to the crypto and bitcoin markets because this disease only delays traffic, limits the movement of people. While this market does not require these factors, we can stay home and participate very easily in the market, and what is very positive is that the value of the whole market is going up, I even suspect that more people at home lead to making money and investing online becomes more vibrant

[FanEagle]

This topic could be the last place where people are still talking about corona virus. Look at all the world and even WHO right now, they already forgot and they weren't really scared of it in the sense that they were scared of dying, they were scared of a world ending scenario if that were to happen and it didn't, so thousands may die from Corona and everyone is fine except those 1000 people and their relatives, all people care is the fact that it shouldn't spread and kill millions all around the world, if it kills 10k people in Wuhan, it is okay to them.

However, markets would be affected a slight bit of course, nothing major that can't be recovered later tho, Japan, China and even USA could be affected but its not at the point where it can't be recovered in a month with good profits

[wxa7115]

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.

I agree with this, obviously at the beginning of the outbreak there was a negative reaction from the markets but it seems that even if the current outbreak is a disaster and we should feel sorry for the victims the virus is not as lethal as it was thought at the beginning, which means that the markets will continue as if nothing had happened.

As such we cannot conclude that what we are seeing is the result of this new virus, I simply do not see a correlation and those looking for it are just trying to find something to explain the movements of the market when the only thing they need to watch to understand the market is the price.

[wheelz1200]

Lol the coronavirus has mo longterm effects on the market.  Just like in any other outbreak there is no lasting market effect.  It's just headline news now, trust me come back a year from now and the price of bitcoin or crypto as a whole will be driven by some other direct cause not from a health epidemic.

[sulendra12]

I'm pretty sure the uptrend event caused by halving event in upcoming month, I'd prefer that instead of the corona virus speculation. Yea, the transaction into China is strictly isolated now but it doesn't matter and not relevant with Bitcoin anyway.

[hahay]

It can be said that is something that happened by chance because there is even an analysis that says the corona virus has a bad influence on the crypto market which occurred a few days ago which resulted in a declining price. Of course this corona virus has a bad impact on the Chinese economy but not the crypto market.

[Coinbees]

It's a bit of a way to fall back on it rather than assume the original market (Exchange FIAT) .

[Vishnu.Reang]

It can be said that is something that happened by chance because there is even an analysis that says the corona virus has a bad influence on the crypto market which occurred a few days ago which resulted in a declining price. Of course this corona virus has a bad impact on the Chinese economy but not the crypto market.

Declining prices? Which prices are you talking about? I have checked the charts for the past two weeks and there has been an increase in the exchange rates for Bitcoin. Are you talking about the altcoins? But the altcoins have also gone up in value. And some of the alts such as Ethereum and Litecoin had a larger spike when compared to that of Bitcoin.

[Kupid002]

Lol the coronavirus has mo longterm effects on the market.  Just like in any other outbreak there is no lasting market effect.  It's just headline news now, trust me come back a year from now and the price of bitcoin or crypto as a whole will be driven by some other direct cause not from a health epidemic.

There is no effect at all if they are it is only on the good side . Like using bitcoin as a term for a new way to send  donation something like that  maybe it will affect fiat currency of china but not bitcoin or any other crypto currency . You can use bitcoin as advantage in this situation but it will not affect the price .

[Desscount]

Lol the coronavirus has mo longterm effects on the market.  Just like in any other outbreak there is no lasting market effect.  It's just headline news now, trust me come back a year from now and the price of bitcoin or crypto as a whole will be driven by some other direct cause not from a health epidemic.

There is no effect at all if they are it is only on the good side . Like using bitcoin as a term for a new way to send  donation something like that  maybe it will affect fiat currency of china but not bitcoin or any other crypto currency . You can use bitcoin as advantage in this situation but it will not affect the price .

with the weakening of the Fiat currency and the stock market, this will be a boon for the cryptocurrency to return to success like 2017, traders will definitely choose the cryptocurrency to trade,

[Wintersoldier]

Lol the coronavirus has mo longterm effects on the market.  Just like in any other outbreak there is no lasting market effect.  It's just headline news now, trust me come back a year from now and the price of bitcoin or crypto as a whole will be driven by some other direct cause not from a health epidemic.

There is no effect at all if they are it is only on the good side . Like using bitcoin as a term for a new way to send  donation something like that  maybe it will affect fiat currency of china but not bitcoin or any other crypto currency . You can use bitcoin as advantage in this situation but it will not affect the price .

with the weakening of the Fiat currency and the stock market, this will be a boon for the cryptocurrency to return to success like 2017, traders will definitely choose the cryptocurrency to trade,

The price of bitcoin and altcoins have sudden improvement to it's prices, but i don't think that the putbreak of corona virus is the reason behind this because it will not help every cryptocurrency to increase it's price and increase crypto adaptation everyday. Also, if fiat currency will start to become weak it will be the chance for cryptocurrency to become successful.

[Saisher]

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

If this virus takes to long to get a cure and wreck havoc all over the world, all the economy will suffer from this, the market will have an advantage because people will start converting their assets to Bitcoin, because the economy will slow down because of this epidemic that might soon become a pandemic.

[bobitza]

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

It's scary that the world is suffering from an acute respiratory infection caused by the corona virus. In my country, students are allowed to be absent from school for disease prevention. We all know this disease came from Wuhan city of China and then spread to countries around the world. I wonder if this epidemic will affect the cryptocurrency market?

[andamarina]

Well it might affect all if affect the miners the people who have exchanges and other, it can happen really bad thing if is not stopped.

[thesmallgod]

I cant really connect how this affect the crypto market especially when the country that affects most is China that has a long time ban crypto. If we see upsurge then probably due to some panic sell from neighboring countries such as Japan and Korea. People might want to sell to use the money to cover the medical expenses. I watched on television a few days ago that a huge sum of $250 million will be given by the WHO to help fight viral diseases. Hopefully, the disease doesn't impact the market adversely.