How Coronavirus affects Bitcoin and when it will end

[Qcrypto]

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.

[qory]

After many countries stop for receiving many people around the world because corona virus and now bitcoin going down, last update where United State never allowed Europe people come to their country for one month later and many sport even stopped for unknow time.

[naaimmd]

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.

Look at all cryptocurrency prices right now it's dump by 20%+ today so I think coronavirus is affecting very much we might see a huge fall this time maybe it will go bellow 3000$ this time and this my opinion only.

[naaimmd]

After many countries stop for receiving many people around the world because corona virus and now bitcoin going down, last update where United State never allowed Europe people come to their country for one month later and many sport even stopped for unknow time.

Yes and not only us more than 100 countries have been affected by a coronavirus and not only cryptocurrency we might see economic fall many countries will be affected by this.
chines people are selling their assets and buying Gold and I think other countries people are doing the same.

[20kevin20]

Look at all cryptocurrency prices right now it's dump by 20%+ today so I think coronavirus is affecting very much we might see a huge fall this time maybe it will go bellow 3000$ this time and this my opinion only.

I wouldn't mind it, but I acknowledge the fact that others would. Be it the end of the world, I am still going to hold onto my plan of hodling and believing in a future where Bitcoin will still be here, sustaining decentralization and trustless systems. A downfall to <$3k doesn't hurt me as soon as I won't sell.

~
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
~

I'd rather follow history than China's words. History has repeated countless times before so my hypothesis is that we're going to witness a 1918-like pandemic. That means the virus could become less deadly once summer starts, but there is a pretty good possibility the second, more deadlier wave of the virus could occur by autumn. That is if the 1918 pandemic repeats, and I believe this possibility is pretty high.

[elmag398]

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.

[pawanjain]

If it's true then most people will aim for this and will not want to lose this opportunity. Most people will target to buy before June and hence we might see a spike in the market May itself.
Though China has given a timeline for the pandemic, it is still not accurate since we don't how long this fever will last.
I will only suggest to keep buying the lows since it's sure that it's a temporary dump.

[xvids]

Nobody knows how long would this be and how deep could the price go.
There is no way for us to know this things and I think right now our top priority should be our health not our wealth,
We shouldn't be selfish and think about the other people's lives.

[icewitch0612]

The coronavirus affects people . People affect the crypto. It's simple.

[kryptqnick]

I intend to keep holding through the whole thing. Bitcoin doesn't deserve to be abandoned, and it is not even supposed to be influenced much by all this stuff. As for when it'll end - that's a big question for a couple of reasons. For one, I don't know about you but I don't trust China. When the whole thing was just starting, they tried to silence the specialist who was raising alarms and then died from the disease. Moreover, as the outbreak happened, strict control of China over its citizens got even more serious, so it is possible that the official data about the number of new cases is an understatement, and those who raise concerns are silenced right away. Another issue is that if we compare COVID-19 with the Spanish flu, it might suggest that the outbreak can have a second serious wave in autumn.

[Tash]

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

It does not only affect Bitcoin, everything is a mess.
Last 24h only 18 new infected in China bringing the total to 80,796 of which 62,826 have been cured and 3,169 died so far. 0.0056% of pop got infected.
In Singapore so until now no-one died of Covid-19 and 96 cured, Bahrain no death and 35 fit again so far......   
Some countries have much better cure success than others.
Vitamine C is key to quick recovery.

[fiulpro]

Due to Quarantine , people are supposedly buying a lot of groceries and food products , people due to excessive buying are causing a shortage of toilet papers in many parts of the world .

People are taking out all their investments so that they can cope up with this panic buying therefore I do think Corona Virus is causing the Bitcoin price to decrease and not just bitcoins it's many stocks .

[hatshepsut93]

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.

[Jet Cash]

The virus was just the pin that pricked the bubbles created by the central banks. It isn't the cause. Gold, silver and Bitcoin are stores of wealth, so you can expect them to increase in value in the medium term. Expect a rocky ride whilst the world economies reset though.

[dothebeats]

I don't think it affects bitcoin more than it affects the world's economy. A lot of sporting events were postponed, and a lot of different goods were stuck on harbours and piers in fear of the virus being shipped with the said containers. The markets may be panicking right now but they can recover, obviously, knowing that they have had far worse events that happened and continued to rise still. As for bitcoin, it's a normal event for the price to decline during halving, only for it to gain steam weeks after the event.

[The Sceptical Chymist]

Vitamine C is key to quick recovery.

I'm not watching that video, but I have a feeling that there's not much science behind your claim.  Vitamin C has been shown to be able to reduce the severity of the symptoms of the common cold, but not the duration of the infection and it's my understanding that you'd need to have been taking it before you got sick and not just start when symptoms occur.  Anyway.

So much discussion about this virus and its effect on bitcoin--it's interesting to me what's happening, but it's also disheartening.  Is this going to end?  Yes.  Contagions don't go on forever, nor is this particular one extremely deadly.  But as I've said before, the fear is real and so is the effect on the economy, the stock market, and bitcoin as well.  I have confidence we'll get the virus under control and things will get back to normal--the problem is the uncertainty as to when that's going to happen.  The longer people are frightened and the more they sell their investments for cash, the worse it's going to be for crypto.

So far, the bitcoin crash hasn't been horrible.  Bad, yes, but it could have been (and could yet be) much worse.  The price currently is twice what it was at the beginning of 2019, so that's something positive.

[Twentyonepaylots]

Vitamine C is key to quick recovery.

I'm not watching that video, but I have a feeling that there's not much science behind your claim.  Vitamin C has been shown to be able to reduce the severity of the symptoms of the common cold, but not the duration of the infection and it's my understanding that you'd need to have been taking it before you got sick and not just start when symptoms occur.  Anyway.

I agree. Vitamin C is not for the infection recovery but for getting a stronger immune system for a person not to catch the virus easily. This is a fact.

So much discussion about this virus and its effect on bitcoin--it's interesting to me what's happening, but it's also disheartening.  Is this going to end?  Yes.  Contagions don't go on forever, nor is this particular one extremely deadly.  But as I've said before, the fear is real and so is the effect on the economy, the stock market, and bitcoin as well.  I have confidence we'll get the virus under control and things will get back to normal--the problem is the uncertainty as to when that's going to happen.  The longer people are frightened and the more they sell their investments for cash, the worse it's going to be for crypto.

So far, the bitcoin crash hasn't been horrible.  Bad, yes, but it could have been (and could yet be) much worse.  The price currently is twice what it was at the beginning of 2019, so that's something positive.

The recovery rate is much much higher than the death rate so there is no need to worry about on how the WHO and other healthcare institution is handling the situation, It is just that the deaths is inevitable especially now that this is just a month long problem so far. "The fear is real" I can feel it here, people are panicking and buying everything. In fact, the basic necessities like food and water are already sold pretty fast in the market. So I must conclude that this is similar from what is happening in digital world.

[finaleshot2016]

China is successfully fighting COVID-19? I guess not.

There are reports that confirmed cases are keep growing every day, medical solutions aren't still available so how will they stop this pandemic level virus?
Also, bodies are being disposed of just to lower the number of cases in China to show a better picture of making it. That's the place where it started so how we will solved this case if their whole country is full of infected people, and there are possibilities that even their representatives or superiors get infected too.

Vitamine C is key to quick recovery.

I'm not watching that video, but I have a feeling that there's not much science behind your claim.  Vitamin C has been shown to be able to reduce the severity of the symptoms of the common cold, but not the duration of the infection and it's my understanding that you'd need to have been taking it before you got sick and not just start when symptoms occur.  Anyway.

I agree. Vitamin C is not for the infection recovery but for getting a stronger immune system for a person not to catch the virus easily. This is a fact.

Vitamins are for better Immune system, not a cure for this virus. There are many misconceptions regarding Vitamins, people should know what's the purpose of it.

[2to256]

Only Sarah Connor (third one from phone book) know future. Ask her.

[sunsilk]

Yes. This is a patience game. The roller coaster ride will stay for how many months and what's the most important matter is that you are not letting the opportunity pass alone and you're buying at the every single buying opportunity.

I have read analysis that says $5k should be the bottom and it actually did. Within a span of less than 24 hours, $2k less for bitcoin and around or more than $70-B has been wiped out.