No. I mean, sure, the nCov is spreading like wildfire, news are covering it every day, but I doubt it could affect the market, and even if it did, it wouldn't affect it by that much. There's a limit to the influence a single virus can do, especially since if you consider the speed of reaction of the world regarding it, unless it's a very complicated virus that would take decades to counter, then it shouldn't. But it isn't. There are already victims of the nCov that are already healed or at least, has removed its symptoms already so at the very least, it is shown that the nCov virus is curable.
A solid increase of BTC should only happen based on crypo related news/ demand and supply. That way, we can ensure that it isn't caused by an external factor "temporarily" which ultimately, imo, has a negative effect on the market of BTC.
Topic: Can the Outbreak of CORONA Virus lead to Increase ..... - page 2. (Read 362 times)
so far there has been zero evidence suggesting that bitcoin price is remotely affected by Coronavirus. not to mention that although there are a lot of concerns i don't think we can call it a serious outbreak.
the rise that you pointed out, to $10k, is the well expected rise that had to happen sooner or later. and in fact this year we are going to continue seeing a lot more of this type of rise until the previous ATH is broken too.
the rise that you pointed out, to $10k, is the well expected rise that had to happen sooner or later. and in fact this year we are going to continue seeing a lot more of this type of rise until the previous ATH is broken too.
Possibly. But, if we are going to be real keen on the reason behind the increase of Bitcoin's value there is no evident substantiation regarding it. And besides, the population of Chinese who engage with Bitcoin cannot be summarized into percentage in order to form data as an evidence to this shift of Bitcoin's value due to difficulty of screening of cryptocurrency enthusiasts. Let us hope for the betterment of everyone and pray for the cure and ending of this nCov not just in China but all over the world.
stop being stupid by thinking the corona virus is a real thing that affects bitcoin..
For sure it is a stupid analogy and people die off road accidents than through Corona Virus, if there is a real issue the market usually goes down rather than going up. There is a real issue with the outbreak it is taking a toll on their economy.Do you think this could also be due to the outbreak of CORONA VIRUS beside the previous USA/IRAN CRASH?
If, this be the can then it could probably hit $15,000 usd per btc over a couple of month.
Don't you think it is a little excessive to think that due to an outbreak the market started moving, the halving is coming up and the market is growing because of that rather than thinking that it is because of an epidemic If, this be the can then it could probably hit $15,000 usd per btc over a couple of month.
. I am sure you got this idea from some stupid news site who are looking to get some clicks. 
the chinese are not in fear.
I agree with most of what you have said, but I'm not sure about this one. I'm pretty sure some cities/provinces being forced to lock-down is going to strike fear to some chinese people. And yea, I know like 2 people from China, and people are definitely scared even though they aren't even from Wuhan. Having a virus spreading(yes, fatality rate is low, I know) has a really different mental/emotional effect compared to just having smog from heavy pollution that the chinese are pretty much used to now.
But yea, I agree that bitcoin's increase has nothing to do with the corona virus.
stop being stupid by thinking the corona virus is a real thing that affects bitcoin..
for one.. EVERY YEAR china shut down in january till february.. its called the chinese new year festival.
next... january saw 800 deaths due to corona.. yet EVERY MONTH sees 21000 deaths due to cars/traffic.
the chinese are not in fear.
google image: china smog and you will always see pictures of people with face masks every year.
will people calm the hell down about corona.
then stop making silly bitcoin related speculation based on things not even related to electronic effects.
corona is biological virus akin to the flu. so calm down its not a computer virus. and even if it was a computer virus. a computer virus cannot break bitcoin. thats the whole benefit of bitcoin
for one.. EVERY YEAR china shut down in january till february.. its called the chinese new year festival.
next... january saw 800 deaths due to corona.. yet EVERY MONTH sees 21000 deaths due to cars/traffic.
the chinese are not in fear.
google image: china smog
will people calm the hell down about corona.
then stop making silly bitcoin related speculation based on things not even related to electronic effects.
corona is biological virus akin to the flu. so calm down its not a computer virus. and even if it was a computer virus. a computer virus cannot break bitcoin. thats the whole benefit of bitcoin
It could be, though I completely doubt it. The Corona virus isn't even THAT globally widespread(as of now at least, hopefully it won't) to actually make people move to a safe haven asset due to the anticipation of more economic uncertainty. If anything, I'm betting that the price increase was due to the anticipation of the halving. But ultimately, no one knows the main reason is.
Besides, there is no clear evidence that those who are pulling their investment in Chinese stocks are putting it on the cryptocurrency industry, I believe that it is more probable to be put in Gold stocks. This increase is probably and more likely due to the incoming halving as you said.
NCOV may have an effect on the cryptocurrency market somehow but I do not think it is that big enough to push the price of BTC at the current level.
It could be, though I completely doubt it. The Corona virus isn't even THAT globally widespread(as of now at least, hopefully it won't) to actually make people move to a safe haven asset due to the anticipation of more economic uncertainty. If anything, I'm betting that the price increase was due to the anticipation of the halving. But ultimately, no one knows the main reason is.
I don't know how you're pinning the rise in BTC with the outbreak of Corona virus, while BTC has been rising all because of the fact that it is, once again, been seen as one of the safe haven assets while most of the International Stocks are sinking and it looks like an economic outbreak is resting ahead in the future and BTC could only be one of the best investments to make better returns. While it may sound off-topic, I'd ask everyone to come ahead and let's do our best to stop this deadly disease or at least let the infected people get out of it as quickly as possible.
Just wondering, because i notice the exchange rate of btc hit $10,000 usd per btc within a few days before it slightly drop down to $9,876 usd
Do you think this could also be due to the outbreak of CORONA VIRUS beside the previous USA/IRAN CRASH?
If, this be the can then it could probably hit $15,000 usd per btc over a couple of month.
Thanks
Soldierwitlittlefaith
Do you think this could also be due to the outbreak of CORONA VIRUS beside the previous USA/IRAN CRASH?
If, this be the can then it could probably hit $15,000 usd per btc over a couple of month.
Thanks
Soldierwitlittlefaith
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