Damn I wish I had read this thread earlier and got to know what was going to happen. I would have sold off my assets and waited for the market fall and reaped rewards.
That may not be the best decision, the right decision is the coin you hold, if it grow one day. Most bag holders and whales of bitcoin had not sold there coin since bullrun and they keep buying more. Governments, financial institution and world leaders own bitcoin and they are keeping it. Just a small percentage of the coin are in circulation for trade. They are all speculations, speculations fail sometimes and dont take most of your decisions on speculations. Understand the space cycle and technical analysis very well 
Topic: Chinese Crypto Vs Corona Virus (Read 1163 times)
Damn I wish I had read this thread earlier and got to know what was going to happen. I would have sold off my assets and waited for the market fall and reaped rewards.
You wish, but that's life man, sometimes you can't also assured what will happen to the market and your expectation could be wrong.
Like for instance, some people are expecting that the market will drop due to covid-19, but they were wrong because bitcoin rise and it seems going to be more bullish now, the halving saves us from this pandemic but I can only say this because I already witness what's happening.
Damn I wish I had read this thread earlier and got to know what was going to happen. I would have sold off my assets and waited for the market fall and reaped rewards.
Frankly, this Coronavirus affected Chinese in terms of trading and investing in Crypto. They lacked concentration and couldn't do much and many left Thier exchanges and platforms offices to home because if the virus. Looking at market you will observe alot happened. But let's just hope things gets better and market comes back as it used to.
The Chinese government is still coping well with the spread of coronavirus. They very quickly assessed the impending threat and took appropriate measures. But Europe and the United States reacted very lightly to this problem and therefore paid with many human lives.Nevertheless, China goes further and plans in May to fully launch its digital yuan. It seems that Europe and the United States are again behind China.
I read chinese now doesn't suffering from corona virus anymore now, but the other countries are.
Also, what is chinese crypto ? Cryptocurrency is globally used by any countries i think.
Because corona virus, some peoples sold their coins to have some incomes.
I don't even think if that was a chinese crypto but as far as i know the correct thing should be the digital yuan of chinese. You can start now to browse about that and you will find a lot of result. Also, what is chinese crypto ? Cryptocurrency is globally used by any countries i think.
Because corona virus, some peoples sold their coins to have some incomes.
Chinese digital yuan has nothing to do with the virus and it's only delaying the release of digital yuan
I read chinese now doesn't suffering from corona virus anymore now, but the other countries are.
Also, what is chinese crypto ? Cryptocurrency is globally used by any countries i think.
Because corona virus, some peoples sold their coins to have some incomes.
Also, what is chinese crypto ? Cryptocurrency is globally used by any countries i think.
Because corona virus, some peoples sold their coins to have some incomes.
The virus did not only affect the economy of China but that of other countries as well, because different activities, businesses, companies etc were shut down to control the spread of the virus while a vaccine is being worked on. Also, as the spread is being controlled, China relaxed their laws and regulations hence bringing life to businesses while gradually regaining their economy, this is also the case with most countries. Talking about the crypto space; when it was declared a pandemic, it affected crypto as well but gradually people starts looking for ways to accommodate hence the reason the crypto space is still growing, with everyone going back to their normal activities while new people keeps joining as well because of lockdown.
At the early days of the pandemic it had great effect on the cryptocurency. Lateron people began to cope with the pandemic and continue to transact with cryptocurency. As it stands now it seems the virus is here to stay with humanity as there is no cure yet. It won't stop cryptocurency trades and investment as it will be some a Norm very soon while safety measures is put in place.
Actually corona virus effect on Chinese market and crypto market. Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018. In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining of china. So corona fact will loss project all crypto market.
Chinese cryptocurrency exchanges and other blockchain companies are coping with a new reality as the coronavirus outbreak disrupt their daily operations.
While crypto trading, customer service and marketing remain largely intact, the outbreak has taken its toll on technical upgrades, product development, logistics and business travel, according to a dozen executives in China
Following the outbreak, the Chinese government extended its Lunar New Year vacation by one week to Feb.10. Weeks later, a few major Chinese cities remain locked down, and many companies have asked their employees to work from home – including blockchain businesses.
So it can be said that is don't really have adverse effects on it operation. From my view
While crypto trading, customer service and marketing remain largely intact, the outbreak has taken its toll on technical upgrades, product development, logistics and business travel, according to a dozen executives in China
Following the outbreak, the Chinese government extended its Lunar New Year vacation by one week to Feb.10. Weeks later, a few major Chinese cities remain locked down, and many companies have asked their employees to work from home – including blockchain businesses.
So it can be said that is don't really have adverse effects on it operation. From my view
Or better yet, did they finally learn that crypto and digital asset are very convenient in lockdown, people force to stay home, business closing down,...
I think they did. But China has already have their own cashless transactions through Alibaba's tech and Wechat's tech too.
They will soon develop their chinese crypto and that's probably the next news that we will hear.
So after this incident, has China PRC actually learn anything? About not keeping that 'saving face' bullshit wuxia crap that censored Dr. Li instead hearing his heel and act fast on the virus. Or better yet, did they finally learn that crypto and digital asset are very convenient in lockdown, people force to stay home, business closing down,...
Today is a big celebration day of the Chinese New Year, but on the other hand China is being hit by an epidemic that is the corona virus. So the Chinese government recommends that Chinese citizens do not travel on holidays and they close some tourism facilities to the public.
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html
The fact is that, this has really had some negative effects on the crypto market in China. There were total lock down in many parts and travellings were banned in order to contain the deadly virus. However, now that China has almost won the battle again the virus totally, crypto market in China has really picked up in good shape and has started improving now. I'm optimistic that the rest of the world will also be free totally from this deadly disease.
Quote from: Denreal
Why the fret? You should only be afraid of what you know nothing o. CoronaVirus is no more news. A lot of patients have been successfully treated from reports. Vaccines are being developed to help prevent and avoid further spread. Te death toll all over the world is not increasing, which mean the situation is gradually getting better. So, there is nothing to be afraid of. All we need is a lasting solution and everything will be fine. The crypto space was not left out when it started, so, if it ends, the crypto space will also feel its positive impact. In fact, activities will turn to normal, including in China.
I think most of the people dying in regards to the Coronavirus are already sickly or have weakened immune systems. The issue with the Coronavirus (besides the economic fallout) is that alot of people have no resistance the current variant / strain since it's a new strain of the virus. I do think that eventually thanks to the number of infections and recoveries, the amount of people with some sort of resistance to the Covid-19 virus should increase exponentially once the epidemic subsides.
Here
Quote
New C.D.C. data shows that nearly 40 percent of patients sick enough to be hospitalized were age 20 to 54. But the risk of dying was significantly higher in older people.
https://www.nytimes.com/2020/03/18/health/coronavirus-young-people.html
Frankly, this Coronavirus affected Chinese in terms of trading and investing in Crypto. They lacked concentration and couldn't do much and many left Thier exchanges and platforms offices to home because if the virus. Looking at market you will observe alot happened. But let's just hope things gets better and market comes back as it used to.
And now the things are much different in China. And this would shape the future of world economics.
As the world locksdown for controlling the pandemic, China, the country where it all originated has already overcame the virus and are now opening up businesses and factories.
Miners and traders too would be active after the devastating lockdown. Which would tilt the balance a bit more on the Chinese side for crypto economy.
Frankly, this Coronavirus affected Chinese in terms of trading and investing in Crypto. They lacked concentration and couldn't do much and many left Thier exchanges and platforms offices to home because if the virus. Looking at market you will observe alot happened. But let's just hope things gets better and market comes back as it used to.
Chinese crypto looks not happy with bitcoin situation right now and they faced big problem in their country about corona virus, the must ready with two bigger problem during need much money with Corona virus they have looking bitcoin with lower price, sell or hold is both important for them.
Today is a big celebration day of the Chinese New Year, but on the other hand China is being hit by an epidemic that is the corona virus. So the Chinese government recommends that Chinese citizens do not travel on holidays and they close some tourism facilities to the public.
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html
If we look at the current dollar exchange rate which continues to increase, I think this condition greatly affects the global economy. Even if this continues, inflation will occur. Yes, this is a risk for all countries because they have chosen banknotes as a medium of exchange.
Coronavirus occurs in some of the largest countries, including America. While other countries' currencies are declining, the US Dollar continues to increase.
This is really illogical.
If seen from some time before about this pandemic, in the economic sector I think it has affected the world economy, seeing large countries affected by the virus outbreak, because the state shifted its priorities for these conditions. In the world of crypto this should not have happened, because this plague concerns the physical, whereas crypto is digital. The question is when the crypto market is also affected. always think positive
It is really sad that on the Chinese new year of our brothers Chinese are there are a virus or an pandemic virus that are currently destroying their economic stuffs and also it is kind of a virus that is destroying the businesses of the people so the Chinese crypto will be affected also when the Chinese business becomes down.
The pandemic has affected the whole world, from nations that have epidemics in their locations to nations that have not yet had a single infected cases. The global economy has been seriously affected (look at stocks, gold, oil, and crypto, etc.). All have decreased terribly but fortunately the crypto market has better recovered from bottom last week.Let's talk about the Chinese virus and its impacts on China economy. I am sure that the net-effects are not too good (from what I saw from newspaper, watched on television, youtube and what I imagined about it). It also resulted in the lag-effects on blockchain industry developments and education in China for some months. Anyway, China and Wuhan have nearly beaten the virus and Chinese locals soon will return to their normal lives (just nearly because there are demands on isolation and virus-screenings).
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