Coronavirus ain't helping

[trauchot]

From the very beginning of the year until mid-February, news about the coronavirus helped the cryptocurrency market grow, but now something has changed and now the cryptocurrency market has started to fall and of course there is nothing to be done about it, so we must follow the further actions of the cryptocurrency market and manipulators.

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[JoMarrah Iarim Dan]

We all have a new hope for crypto this year and no one saw coronavirus outbreak coming, if this isn't contained anytime soon all dreams might be nothing but dreams this year, Coronavirus ain't helping at all

In my opinion, corona virus is pulling down the stock prices of a certain country and it has a domino effect of slowing down the global economic growth. Like for example, there are less tourist who visits China this time unlike before but of course it is the real world situation not the crypto world. Maybe as of this time, corona virus does not really affect crypto.

[Rengga Jati]

Sometimes I think that Coronavirus is nothing to do with crypto prices. But on the other hand, I know that Corona killed many people around the world and caused chaos + fear. It threatens crypto users, they may be killed by this virus or have difficulties to access the internet by the current condition. I imagine that people are stuck at home and scare to go out. Or they must evacuate to other areas. In this situation, people prefer to think about how to save their life than do activities in crypto trading/investment. If crypto users are included, this potentially influences the crypto prices on the market.    

[havoc928]

We all have a new hope for crypto this year and no one saw coronavirus outbreak coming, if this isn't contained anytime soon all dreams might be nothing but dreams this year, Coronavirus ain't helping at all

In my opinion, corona virus is pulling down the stock prices of a certain country and it has a domino effect of slowing down the global economic growth. Like for example, there are less tourist who visits China this time unlike before but of course it is the real world situation not the crypto world. Maybe as of this time, corona virus does not really affect crypto.

I don't know what other countries are like but my country is badly affected by this epidemic and no industry can do a good job during this time. In my opinion, the crypto market as well as gold are the two markets that often go together when fluctuating and today both are falling, making me feel very worried. I hope Corona can finish soon because I still have my current business.

[beerlover]

We all have a new hope for crypto this year and no one saw coronavirus outbreak coming, if this isn't contained anytime soon all dreams might be nothing but dreams this year, Coronavirus ain't helping at all

Hopefully doctors will develop antibiotic for this virus otherwise no one could save all of us. Already WHO warned about 70% of the world population to be suffered by this coronavirus. Anything could happen, that is the life. Be prepared to face anything because no one could be assured when there will be an antibiotic for this virus could be invented/discovered; in between time also anything could happen.

I mean to say, when our life is under the conditions of uncertainty, nothing in important in this world including cryptocurrencies or our local fiats. It must be an healthcare emergency world wide. Only when the spread out of this virus will be kept under control, we can think about our routine life again.

[cahbagus555]

Lately i was thinking if there was no coronavirus epidemic then bullish will be dominate the market but indeed these are beyond out people expectation and seems if this desease continue then it's not impossible to this year change to bearish again because admitted or not china have important role for cryptocurrency development and the situations from that country will determine the market whether it bad or good will have biggest impact for crypto

Coronavirus has caused concern for the business sector and the global economy. If this has not been resolved, it is feared that an economic crisis will be worse than the latest economic crisis. Safe haven assets such as Gold have begun to be affected by the price and corrected quite deeply. Hopefully this epidemic is quickly resolved so there is economic certainty

[FaithInCrypto]

It isn't helping indeed. Every investment market now is bleeding not only crypto, since the COVID-19 is already a world problem as most countries are already affected. It keeps spreading because of the cold weather so people could only keep their health up to fight for the virus. I really do hope this ends soon and no more deaths could happen.

[A62662]

Everything you come into contact with and touch can spread the virus. For instance if one person is contaminated and gives coins and notes back and forth in shops and elsewhere, he will spread the virus.

The use of crypto can aliviate this problem by people rather paying with crypto on their phones instead of physical cash and banknotes.

Bitcoin is far too slow for this premise. Fast coins/tokens like Ethereum ETH and Bitvaluta BTV, would be superior due to their fast blocktimes.

You could go to your local shop, pay with your phone app within seconds, and leave quickly if needed.

[dupee419]

The virus is a big threat to the world economy, connections between countries would have to be cut off (if necessary) since contact with countries that have cases of the virus are dangerous and can easily spread off. I think with the danger and fear of getting infected, It will also affect the entire cryptoworld as this virus is really not going to help but to ruin everything, keep yourselves clean and always bring sanitizers, this virus must be put to a stop, immediately.

[FairUser]

In my country, the virus has made the economic situation worse. Many fields were closed because there were not too many customers, and a lot of employees had to quit their jobs because companies are making cuts budget. Hopefully the situation will improve soon, if this situation continues to last, I think the global economy will become a lot worse.

[mbakruroh]

Coronavirus ain't helping at all

I must double quote your title because corona and crypto is totally different, not connected and also different impact into society. Many people think that corona will giving impact into crypto because China have mining city, I must say impact only into citizen healthy and currency. Let China government take this responsibility and we take halving as dream breaker, not focus in this event will give you profit or loss.

[pixie85]

We all have a new hope for crypto this year and no one saw coronavirus outbreak coming, if this isn't contained anytime soon all dreams might be nothing but dreams this year, Coronavirus ain't helping at all

Noone saw it coming because it's an engineered strain that escaped from a research lab in Wuhan.

If some computer virus damages nuclear launch control and one day you'll wake up to a nuclear explosion in a nearby town it will also be unexpected

The panic is completely fake and the media are manipulating the public to see how far they can take it. Stupid people are stacking up food and buying face masks when the mortality rate of the virus is below 2% and basically 0 if you're a young person. There's no danger!

[vvu351]

We all have a new hope for crypto this year and no one saw coronavirus outbreak coming, if this isn't contained anytime soon all dreams might be nothing but dreams this year, Coronavirus ain't helping at all

Noone saw it coming because it's an engineered strain that escaped from a research lab in Wuhan.

If some computer virus damages nuclear launch control and one day you'll wake up to a nuclear explosion in a nearby town it will also be unexpected

The panic is completely fake and the media are manipulating the public to see how far they can take it. Stupid people are stacking up food and buying face masks when the mortality rate of the virus is below 2% and basically 0 if you're a young person. There's no danger!

I can’t say that the panic around the virus is false. Because the level of marketing for this body is at a very high level. We will continue to hope for the best in this world.

[XCANA]

I read on the new last night that virus is getting cointained and it's reducing, is this a fake news? I guess it is because right now it has spread to Italy and stock market is heavily affected, this is trouble

Definitely not a fake news, I equally watched on TV that the said virus has been contained in some part of the country its affected. Also, they said the virus has been reduced within some affected countries which has few cases of the infections. Italians have been greatly hit by this virus and many of their tourist have contacted the said virus, hope to see a reduction in this deadly virus. In my country here, its has been said by the government that there's one case of this deadly virus. God will help all the affected countries around the world .

[qazgroup]

I do not think that market needed support or help from corona virus it is a tragic disease and we should all worry and pray for people to recover fast. If you are desperate about bulls just be patient and it will come when the time comes, patience is a virtue.

[bttmember]

Coronavirus has now proven to be counter productive for all financial markets which have seen crashes and blood sheds all across different types of markets that simply depicts the panic among investors who are selling their holds, i think markets need some kind of positive push to recover from here.

[Pecunia non olet]

Thanks to Coronavirus probably stock-market crashed and that affected price of cryptocurrencies. But where are the the statements about not-correlated asset? Everytime when stock market crashed, crypto crashed too. Remember the early 2018? Thats what I am talking about.

[AliMan]

That's not a practical ways of saying corona virus is helping crypto price to soar, but rather affected many people to halt their funds and avoid any crypto purchases by means of hoarding. In my opinion about this situation that we're facing both health issues regarding the uncurrable disease, we won't recover at commendable price unless this recent problems will be resolved.

[xvids]

i dont see any connection with coranabvirus and the market if there is its only small issue that can be forget.

Coronavirus is world issue not a market issue.
What happen to market now is just a normal correction and nothing more.

People intend to blame what they could even if it doesn't have any connections at all.
Corona Virus is being blamed on the market crash right now while the corona virus has been around for a couple of months already,
It was already spreading last year but nobody connects it to the market when the price was getting pump,
If I am not mistaken we started this year the price of 1BTC was around $7K and it already reach $10K keep in mind that all through those weeks corona virus has already been spreading.

[JeffBrad12]

Thanks to Coronavirus probably stock-market crashed and that affected price of cryptocurrencies. But where are the the statements about not-correlated asset? Everytime when stock market crashed, crypto crashed too. Remember the early 2018? Thats what I am talking about.

There was no statement about non-correlated asset and anything has correlation between stock, crypto and gold market. I remember when that was happening in 2018. It looks like the gold was doing better than crypto and stock market.
Until this virus can be fully controlled by the authorities and we can't expect the recovery will happen in a short time. At least for the next months and the position of crypto will be the same.