corona Vírus doesn't affect bitcoin price

[Little Mouse]

I do not agree that corona virus have no connection with bitcoin price. Corona virus has started to affect all over the the economy of most of the countries. If it continues, situation will be worst and it will also have an impact on bitcoin price. People looking for storing value may look into investing in BTC which will pupm the price. Or even if economy face more inflation, people will be looking for more cash to spend which also can affect the bitcoin price.

[onrise]

I have had fears that the coronavirus could affect the price of Bitcoin but as time goes by I have realized that it has no connection. Bitcoin continues to have the same behavior with its natural volatility. I have seen some optimistic comments that we may see a big surprise, a supposed increase in its price.

I am doubtful that the current market price drop is happening due to its volatility only. i see that it could be due to corona virus scare that is existing across the globe currently. Due to which quite a few investors or big players might have sold their positions and thinking that they would have a chance to buy back later once the price drops more and can help them to buy at cheap price. Hopefully things starts to get stabilize and we see the btc prices to rise back again and cross its levels of 10k in coming month.

[stompix]

Lol ok, let's go.

Just because the market was slow to react (don't forget it was a weekend)

You are saying here that bitcoin is reacting to Corona virus now, as "bitcoin market was slow to react". This is absolutely wrong in every sense.

Man, are you having problems reading a simple text or is there is something else going on?
Are you that triggered because you have been proven wrong that you start with this bullshit putting words in my mouth? What the f& is wrong with you!

I clearly said stock market and you quoted it and now you say I said something about coronavirus.
Where the f**8 did I say anything about the corona?

<snip again as you're simply avoiding my questions by saying go watch the news>



And I'm asking you again, can you please make up your mind?

Bitcoin price is not enterily correlated.

I give up!
You know, people are wrong all the time, Trump, Putin, Satoshi, they all have been wrong and made mistakes at least once.
The difference is that it takes a man to admit he was wrong.

What you're doing right now is trying to weasel your way out by sending people to watch the news. Pathetic.
I'm not going to debate with somebody that is unable to clearly say one thing, to answer a simple question and always changing what he says.

I am impressed and we can see that bitcoin price is not correlated with stock market.

Bitcoin price is not enterily correlated.

Not only the stock market is falling, everything is and bitcoin is no different this time.

Seriously? Seriously? Really disappointed I thought you were different.

[bitmover]

Where the f**8 did I say anything about the corona?

The topic title is "Corona virus didnt affect bitcoin price"

Then you said "bitcoin market was slow to react"

If you are not talking about corona, well.. you are in the wrong topic. And totally off topic.

Who is wrong now? You said I made a bullish topic lol

The difference is that it takes a man to admit he was wrong.

I think you just don't know what you are talking about.
There is a world crisis going on and you want bitcoin to be entirely uncorrelated? Nothing in this world is entirely uncorrelated.
A natural disaster in China may affect bitcoin price, gold price and stock market in Canada. We live in a globalized world. When  people talk about uncorrelated assets,  that doesn't mean those asset will never have any kind of correlation.

Well, ok, you are right man

Bitcoin felt 3 days later because of corona virus, oil price crisis was just a coincidence (as  BTC was slot to react) and holding price is bullish.

[el kaka22]

It really doesn't but for some reason the stock market collapsing (which is related to corona for some reason) caused the bitcoin price to get affected as well, people are removing their money from those things and either keeping it cash or keeping it on treasury bond type of guaranteed stuff just for the time being to make sure they do not get affected with these movements.

Corona virus is something that has happened before, we had virus outbreaks all the time, just couple years ago we had ebola virus that scared everyone but it is long gone now and nobody talks about it, there is still ebola related death even in 2019 last year and nobody cared about it because numbers were dwindling and honestly media couldn't continue to show it for 5 years so they started to move on, that will happen to corona as well.

[naaimmd]

All over the world we can stocks near 12% down since the end of January,  when  Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

Well if we look at world coronavirus is a real treat to all of us. yes, I don't see it's affecting much BTC but I think it will affect if this problem doesn't solved soon and more countries affected. People selling crypto  & asset and buying gold in china so if corona don't stop soon BTC will go down below 4000$ soon and this just my opinion i am not an expert on this field so forgive me if I made bad Prophecy about BTC.

[imstillthebest]

All over the world we can stocks near 12% down since the end of January,  when  Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

Well if we look at world coronavirus is a real treat to all of us. yes, I don't see it's affecting much BTC but I think it will affect if this problem doesn't solved soon and more countries affected. People selling crypto  & asset and buying gold in china so if corona don't stop soon BTC will go down below 4000$ soon and this just my opinion i am not an expert on this field so forgive me if I made bad Prophecy about BTC.

a real threat definetly because people panic too much  and corona virus is always the topic every single day  . it did affect btc too much in my opinion and the price is still decreasing    . people may sell a crypto but its impossible that they wil use it to buy gold  . how will they do that when gold is physical , i mean the virus or the bacteria can stick on gold and can transfer to you  .  it also requires you to transact publicaly which is risky when youu buy physical assets like gold  . what can happen instead is that people may sell gold or other physical assets then go on digital currency but still risky to go outside for local transactions 

[Findingnemo]

Most of us doesn't realize how furious the corona becomes in the last few days.Now there are over 100K cases all around the world from different corners and these 100K might turns into billions in few weeks to be honest so yeah it may affect the prices if people not choosing crypto as a place to store their assets stock values.

[amar87]

Bitcoin is absolutely correlated with stock market. Wake up guys.

[Kong Hey Pakboy]

All over the world we can stocks near 12% down since the end of January,  when  Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

In today's current situation bitcoin's price is started to go down instantly, so i think the pandemic of COVID-19 has an effect to the market that a lot of people might be selling their cryptocurrencies or their bitcoins for them to buy the things that they need like food and beverages while there are lock downs in other countries.

[bitcoinst]

As you can see, only four days after your first message, we can conclude that Bitcoin still has a correlation with the stock markets. Now the situation looks very deplorable.
I wonder how it will all end, whether there will be a continuation of the fall or a rebound back.

Personally, I hope for the second, but given what is happening in the world - there is less hope.

[fiulpro]

Unfortunately it is not on the market to predict when the prices are going to be affected and when are people going to see the changes .
Corona virus is affecting economy
Economy is affecting people
People are loosing money and jobs
Bitcoins is by the people
Thus indirectly it is getting influenced
Therefore it is indeed right to say that for a while there won't be any selling.

[hahay]

I also assumed this before and was confident that the price of bitcoin could survive above 7k at least it proves that the crypto market does not correlate with the stock market or even the corona virus. But in reality what is happening is the price of bitcoin even continues to collapse and if this decline continues to below 5k then it is a big disaster for the crypto market itself and even for the global economy.

[AmoreJaz]

Unfortunately it is not on the market to predict when the prices are going to be affected and when are people going to see the changes .
Corona virus is affecting economy
Economy is affecting people
People are loosing money and jobs
Bitcoins is by the people
Thus indirectly it is getting influenced
Therefore it is indeed right to say that for a while there won't be any selling.

the 24hr change will make you realise that crypto is indeed a very volatile investment!
where are those people that are saying that crypto is the new safe haven of your investments?
 i guess the whales are taking advantage of this situation. and gladly watching what is happening in crypto market.

[Jarmo van de Seijp]

A lot of the previous stock market crashed (or significant dips), caused the bitcoin to spike. Now, it goes down just as hard as the regular markets.

Just like in the regular market, explaining and making sense of the market movements based on the past and recent events is absolutely pointless - I could account for a bitcoin spike by correlating it with a dorito's sales spike, and explaining that a lot of pot is bought with a lot of btc, and bot causes a need for doritos (which is definitely a strong case).

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

[TryNinja]

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

[demure]

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

Pizza will cost again 10,000 BTC thats what will happen in near time.

[Ruso21]

I might be wrong but Corona Virus affect BTC, Why?

virus showed up on December and didn't spread until Jan~Feb, during that time Chinese people from factory quits their job after the CNY. From that time until now some cities still in quarantine which means no job no money.

Now around March the Virus spread all over the world panicking tons of people, nowadays lot of people are spending money to buy food, and prevention products which you can see that most of the time is out of stock (mask, alcohol, disinfectant, etc.).

I see closing hotels, restaurants, supermarket, public transportation, etc. so no income for several weeks / months.

this fear makes the people spend their savings. 

[Jarmo van de Seijp]

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

Pizza will cost again 10,000 BTC thats what will happen in near time.

  I'll be more than happy to buy at that point Cant't see it crashing that much further now (for my own accountability, it's at $5,5k now).

[countryfree]

This is panic and reason doesn't play.
Everything's down, from gold to shares and cryptos.
We have to wait for things to cool down. We talk about coronavirus, but it's more like madness.