How Coronavirus affects Bitcoin and when it will end

[pragna]

I think this is our bad luck that when market turned up, some problem arise into market. Though COVID-19 is a world wide problem at present time but unfortunately it affected crypto market also. But i think very soon we will win against COVID-19 as CHAINA turned back to their economy. Be patience everybody.

thanks.

[AniviaBtc]

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

There's nothing extraordinary about it, "more people are cured from the virus than died" means that mortality rate is below 50%, and there's actually few diseases in this world that have above 50% mortality rate.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

There's no doubt that the virus crashed the stocks, but with Bitcoin it's not that clear, because technical analysis shows that Bitcoin failed to break past important resistance level, which might have triggered the bearishness. Basically, we don't know just how much influence does the virus have on Bitcoin.

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

I seriously doubt that Bitcoin will keep going down for months, the halvening is soon, and the market wants to be bullish, there's little chance for going down further, at worst we'll have another period of stagnation.

As the price of bitcoin drops these past few days and the covid-19 is trending and labeled as pandemic, I think that the virus contributed to that downward movement in bitcoin's price. Although we all know that even though the virus is not yet discovered, the bitcoin is already volatile and we have nothing to do about it. But on the other hand, workers are having a hard time earning money because of the community quarantine. I believe that due to the bad effects of the virus in our economy, digital currency is experiencing a wide economic problem due to the market. Resources are being limited and difficult to manipulate because if they continue to do so, they will risk their lives and can cause death. Always remember that before anything else, be mindful of your health and focus on taking care of every one that's beside you. Bitcoin will surely grow again soon and let our patience be in our priority.

[rodskee]

since the outbreak of the virus bitcoin value has reduced drastically. this will be profitable to traders; cause most of them will buy btc now hoping to sell when its value increases. Its not a new thing that btc value keeps fluctuating. I believe the effect of the virus will end with time. especially when the virus is finally eradicated.

It is the Holders who will make more profit on this because we are the one who can stand holding for long time and we don’t care if how long this bear market runs.
We are putting money inside this crypto market without caring of because those are our can risk money and not that we will cry if we fails.
Only strong Holder will win in this Corona Virus fight and if you are weak person then better get out of market for now and come back when bull starts to come.

[omone1]

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

[Latviand]

In my opinion, it is not directly corona virus which is affecting the crypto industry but the consequences of the spreading of the said virus which have first affected the economy of those countries where cases of the said virus were reported. The economic problem might have reflected to the market situation in cryptoindustry. So I would say that is an indirect effect of corona virus to the market orices of cryptos. Feel free to correct me because this is a mere opinion.

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

I do think that there are still other factors which makes thr market price struggling at this moment. It could also be the anticipated halving. Before, this was already expected by people, that as the date of halving is aporoaching, the market price will fall, which would open a huge opportunity to the investors to invest, and earn huge profit after the halving, which is assumed by many to lift the market price of Bitcoin and other cryptos.

[bearexin]

Right now I think the situation is under control and things are cooling down and might start getting back to normal again. We can’t really predict when it’s going to be that the price will start going up, the price can start going up even before the June that you have been predicting or you’re right about that because the halving will be on May and after that we will be going into the month of June, it can also start going up a bit from then.

Think about it, not everyone that are currently under monitor are positive in the virus. We might end up lesser people infected and that would make them continue to still trade crypto just like their daily habit is.

Lol, you said that like everyone that has been affected are people that are trading cryptocurrency. Anyway, I have been following up with the site for live updates and I’m very happy when I see that the rate of recovery is more than that of those that are not recovering. It’s good.

[Argoo]

According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

So how does this affect the markets?

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

If we are to expect the fear continues into June, prices should keep falling until June.

Be patient until June and then buy.

It is unlikely that the fear of people associated with the spread of coronavirus is the reason for the fall in the price of bitcoin and other cryptocurrencies. Governments began to take tough measures to localize its distribution, this sharply violated the plans and routines of people. They needed extra money to protect against this virus. If there was no free cash, they started selling cryptocurrency. Now, the price of bitcoin over the past few days is relatively stable. This is proof that this was not a panic, but forced unforeseen expenses of people. The spread of coronavirus will decline and the price of bitcoin will go up.

[Meowth05]

I hope that these prediction is true because I have a high hope that bitcoin will skyrocket its prices and I hope that people will hold on their stock and do not sell.

[ukon]

Covid-19 is the cause of the woe in the market, people are isolated at home, jobs are lying idol workers staying at home, they have to use their saved money for feeding, liquidate their asset position, and too many fear of the direction of the world, hopefully this could be over soon. We will see a green market again.

It is indeed too big for the world of effects of Covid-19 because many activities have been paralyzed in the last few weeks. Many people feel anxious and panicked by fear of this co-19 I think this will soon be resolved, hopefully it will happen.
The entire world market is indeed falling, including the cryptocurrency market, when this market is destroyed so badly that it is almost 70% down, but on the other hand, the fiat currency has strengthened to high, is this a trade war?

[Reatim]

How can china says it will end on June when they don't even have the cure?yeah they are fighting the virus and curing infected but not have the answer to the Virus itself so no one can assure the end of this unless there comes a cure invented by professionals so for not its very early to tell.

I hope that these prediction is true because I have a high hope that bitcoin will skyrocket its prices and I hope that people will hold on their stock and do not sell.

lets think about human first because Bitcoin can have so much time to rise but the Life of the victims cannot be bring back if taken.

[alexsandria]

As we can see on the market graph and situation we can easily say what are the affects of the coronavirus to the value of the bitcoin as well as the other cryptocurrency in which it dumps so fast so it is really a very bad news for us so we should really wait for the bitcoin to rise up again and maybe when the coronavirus gone the bitcoin and other cryptocurrency will arise again.
Right now we doesn't have any idea on when it will ends.

[LogitechMouse]

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

Its obvious that yes it affected ALL of the markets on the world but on Bitcoin, it has a less effect on it. What really makes the price of Bitcoin to go down is the leverage exchanges which the longs on the exchanges got liquidated making the price to go down. There are some videos on youtube saying this and there are some proofs on it.

So how does this affect the markets?

No need to say since we saw how it affected all of the markets already.

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Well, with the current trend that is happening right now maybe it will truly happen. Many countries are helping each other already to prevent this virus to spread from researching for a cure for this shitty virus to sending protective equipment for our frontliners (nurses, doctors and all of the health staff).

Be patient until June and then buy.

If this really happens then the "history repeats itself" of Bitcoin will be destroyed because we saw in its past 2 halvings that it went up as the halving goes near but now it is the opposite that is happening because of this stupid virus.

[conected]

As we can see on the market graph and situation we can easily say what are the affects of the coronavirus to the value of the bitcoin as well as the other cryptocurrency in which it dumps so fast so it is really a very bad news for us so we should really wait for the bitcoin to rise up again and maybe when the coronavirus gone the bitcoin and other cryptocurrency will arise again.
Right now we doesn't have any idea on when it will ends.

- Not just bitcoin, investment businesses, stock indexes, more precisely, the world economy is suffering significant losses, understanding the general situation of the world, bitcoin will surely go down and be hard to recover because investors know the financial instability, the risk of whales liquidity and waiting for everything to stabilize is very high. At the moment, I really want to know when it will end, but as you say, countries have not yet had a thorough measure to prevent this disease, the waiting time will probably be long, need to be patient

[MCobian]

Of course the corona virus affects bitcoin, because the bitcoin in February was already trending up. And this is since the corona virus spreads
automatically bitcoin prices continue to decline. I really hope that the spread of the corona virus can end and will also restore the price of
bitcoin.The best step right now that should be taken in my opinion is to buy as much bitcoin as possible. Because bitcoin will definitely rise
again, before that happens we have to collect bitcoin from now on.

[ethereumhunter]

I think we don't have to wait until June to buy bitcoin because we can buy bitcoin every time the price is down. After we get the bitcoin, we can wait for the price to increase again, and I am sure that the price can grow more than $50, and if we can use it to buy at a low price, and sell at a high price, we can make a profit many times. I hope that we don't have to wait for a long time to see many people can get medicine for fighting the virus so they can get a cure as before.

[Reid]

And there is halving which will come first.
It doesn't really make the price go higher. But with this cheap price it could be a good risk to buy now.

Yeah, it is unsure what will happen after the halving even with this virus still being feared. That will be the time people will come out and will go back to their normal life.
I know those sold bitcoin will be bought again but it might take long since some people are not making any money due to this virus.
But it will, fingers crossed.

[SARA ISLAM]

Coronavirus affects all over the forex commodity market including Bitcoin, no one cant surely when it stops, Everyone needs to pray & stay safe from this virus. 

[hahay]

I'm not sure about the time it will be appropriate in the whole world because even though they can heal many people but at least it only happens in their own territory and we know, some other countries are doing the same way and anticipation to avoid and destroy this pandemic, but some other countries do not have medical devices and other things with a lack of equipment and materials in other countries that need to be imported but in reality it is hindered because of licensing and other things such as lockdowns. So I don't think there is a definite time to end all this and apart from that all related to the problem of buying bitcoin at a low price is indeed an opportunity because at the same time also before and after halving it looks like the price is still at a low level so it's true, take advantage of this moment if you really believe this pandemic will end and prices can recover later.

[qoqimuru]

I think that is not for long on a historical scale.
covid19 is more deadly than seasonal flu, but next year it will not be worse. and in two years it will be treated like seasonal flu.
but this virus will have an impact on technology, trade relations and social connections. and bitcoin is part of these categories.
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[Pronzegirl]

Of course, the coronary virus has negatively affected the prices of stocks and currencies, and the market collapse is expected to continue until the crisis ends. I think your words are true regarding the purchase, especially at the present time with the fluctuation of currencies. Thank you for this precious advice, and I hope stability will return to the scene soon.