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Topic: Chinese Crypto Vs Corona Virus - page 3. (Read 1152 times)

full member
Activity: 812
Merit: 100
www.cd3d.app
January 28, 2020, 09:56:42 AM
The virus that spread in china is a alarming situation as many people health get ill and they will suffer health issues, but on the other hand it does not make any difference with crypto as you can deal with this at home or wherever you are, you do not need to go anywhere to use this currency thats the best thing of crypto
I don't think it has any effect on cryptocurrency. We know that nowadays it is very busy to talk about the corona virus and its ever-expanding spread so that quarantine is carried out at a certain point in the area. But that I don't think has an influence on the cryptocurrency price movements. This corona virus might only have an impact on the economic situation in China and possibly in some other sectors affected by the virus but for cryptocurrency I don't think there is any correlation with that.

right, it is proven that we can see an increase in the price of bitcoin, and some of the other altcoins, even today we can see significant developments, although previously the bitcoiners were worried, because China is the largest mining country. it is true that it might only have an impact on the economy of this epidemic country

sr. member
Activity: 1372
Merit: 252
January 28, 2020, 09:46:36 AM
The virus that spread in china is a alarming situation as many people health get ill and they will suffer health issues, but on the other hand it does not make any difference with crypto as you can deal with this at home or wherever you are, you do not need to go anywhere to use this currency thats the best thing of crypto
I don't think it has any effect on cryptocurrency. We know that nowadays it is very busy to talk about the corona virus and its ever-expanding spread so that quarantine is carried out at a certain point in the area. But that I don't think has an influence on the cryptocurrency price movements. This corona virus might only have an impact on the economic situation in China and possibly in some other sectors affected by the virus but for cryptocurrency I don't think there is any correlation with that.
hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
January 28, 2020, 09:26:53 AM
China is a country that has a strong strategy in maintaining conditions in the economic sector in particular. So for the time being, everything will be done to deal with the virus and the effects that might affect the Chinese economy and the global economy I guess. because from the news sources for the time being their economy is still fairly normal, psychologically it is certainly a severe problem in the country because it is required to isolate millions of people in one city.
jr. member
Activity: 392
Merit: 2
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
January 27, 2020, 01:06:38 PM
The virus that spread in china is a alarming situation as many people health get ill and they will suffer health issues, but on the other hand it does not make any difference with crypto as you can deal with this at home or wherever you are, you do not need to go anywhere to use this currency thats the best thing of crypto
sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
January 27, 2020, 12:47:25 PM
For our brothers and sisters in China, let us pray together for the safety of humanity and other living creatures so that they are given health and are far from dangerous virus that can cause death and all medical experts can quickly find a cure for the virus.  there is no bad impact on the development and trade in crypto
We are all worried about what is happening in China, but I think this virus was specifically created to reduce the population of China. these are very cruel measures that world governments are taking. I could be wrong, but it looks that way.

The influence on the cryptocurrency market can be very serious because people will sell their cryptocurrency in order to escape from China.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
January 27, 2020, 12:26:27 PM
China locked down more than 10 cities until now and the disease have been reported on Australia and USA so people still didn't find how the virus can spread to all around the world in quick time frame and also there is a suspicion this could be spread over chicken as well so stop eating meats for few days. Smiley
There is no direct correlation between the spread of this virus and the price of cryptocurrency, although, of course, the Chinese will visit public places less and spend less, including in cryptocurrency. This should strengthen her course.
As for this new virus, I hope its distribution is temporary. Specialists will find a way to stop it, as has already been done more than once. Over time, humanity must defeat all diseases, which is why life expectancy will reach an average of 120 years.
Efforts are made to control and stop it as people are not allowed to move out of their houses except urgent needs. They have also banned traveling to the country until they do not control the virus and save human lives. The healthcare department is boosted by all the scenario and struggling hard to control it. If talking about how it will effect crypto, the only way it can effect is as people are locked in their houses, they will not buy or sell things even in this market so it may have an effect on the crypto market.
sr. member
Activity: 1372
Merit: 251
PredX - AI-Powered Prediction Market
January 27, 2020, 11:21:45 AM
For our brothers and sisters in China, let us pray together for the safety of humanity and other living creatures so that they are given health and are far from dangerous virus that can cause death and all medical experts can quickly find a cure for the virus.  there is no bad impact on the development and trade in crypto
sr. member
Activity: 812
Merit: 262
January 27, 2020, 10:32:27 AM
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
The epidemic that was hit in China which is the corona virus really don't have any effect in the crypto economy because it is just a disease that will not help everyone to buy cryptocurrency. Unlike the fight between Iran and US, it has a huge effect in the crypto economy because a lot of people in Iran used bitcoin as their safe asset.
sr. member
Activity: 2100
Merit: 309
January 27, 2020, 09:00:37 AM
Few weeks later maybe China will busy with Corona virus and keep care with their people focus how to resolve the problem with Corona than think with bitcoin and altcoin, we lost opportunity with China giving good news with bitcoin and altcoin price later, but if Corona virus can take care faster maybe they will busy again with bitcoin and altcoin.
sr. member
Activity: 534
Merit: 250
January 27, 2020, 09:04:55 AM
Maybe it will affect if the corona virus can also affect the internet which is focused to give a bad effect on crypto. This has nothing to do, the corona virus spreads and threatens Chinese citizens and does not threaten the growth of crypto, especially global crypto. It could be that a large exchanger owner originating from China is infected but can it infect the exchanger he manages too?
sr. member
Activity: 924
Merit: 256
January 27, 2020, 08:59:06 AM
I am not sure why this has been conferred with the community because already many people saying that cryptocurrencies are being used for many harmful things like terrorist attack and smuggling world.
If husband going on then people will consider that even the the medical Mafia also doing the same with cryptocurrency which is not true.
well, if used for transactions like this I think it still makes sense but if the increase in the price of bitcoin is associated with the corona virus which is currently trending then it will be very difficult to make sense because bitcoin is not very used when people are sick and exposed to the virus.
hero member
Activity: 1162
Merit: 516
1BTC Welcome Bonus
January 27, 2020, 08:51:03 AM
I am not sure why this has been conferred with the community because already many people saying that cryptocurrencies are being used for many harmful things like terrorist attack and smuggling world.
If husband going on then people will consider that even the the medical Mafia also doing the same with cryptocurrency which is not true.
legendary
Activity: 1568
Merit: 1002
January 27, 2020, 08:49:12 AM
of course the economy of China will affected, but I don't know in the crypto world. Maybe if more people affected by the virus until the whole world affected of it, I guess the market will decreasing.

it is not possible, because there is always prevention that will make its spread can be stopped and even there has been a lot of news in every country related to this problem. so it's unlikely that everyone will get the virus and the crypto market will definitely be fine and even we can see a good surge today
hero member
Activity: 1498
Merit: 785
January 27, 2020, 08:44:19 AM
The economy of China will only be affected until this virus got solved. But the thing is, it's not a major impact to their economy. The virus isn't just for Chinese people, it can also be spread out with different countries. So precaution is really needed. And the celebration of Chinese New Year got stopped to prevent spreading virus more. However, cryptocurrency doesn't have anything to do with this Corona virus. It won't affect the market big time. And Chinese people won't think of their asset when they're already struggling with their health security.

Actually I assume that the impact of the virus in China will not have an impact on the development of crypto, because this crypto many big players from China have a point too, such as a BTC holder with a large enough number of viruses and he is ill for a long time so he sells his BTC which will effect on the market. But I hope that doesn't happen. Now that crypto is in the fertile season, don't let this good moment be damaged by the effects of this problem in China.
sr. member
Activity: 728
Merit: 254
January 27, 2020, 08:39:10 AM
The economy of China will only be affected until this virus got solved. But the thing is, it's not a major impact to their economy. The virus isn't just for Chinese people, it can also be spread out with different countries. So precaution is really needed. And the celebration of Chinese New Year got stopped to prevent spreading virus more. However, cryptocurrency doesn't have anything to do with this Corona virus. It won't affect the market big time. And Chinese people won't think of their asset when they're already struggling with their health security.
sr. member
Activity: 784
Merit: 251
https://raiser.network
January 27, 2020, 08:30:09 AM
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

I am not imagine that this will affect crypto because china is new to crypto only and everyone on that country don't much recognize crypto so much more bitcoin. so for me it won't affect that much because not everyone in china has a lot of crypto holders and also not the whole country infected by this epidemic. 
sr. member
Activity: 1876
Merit: 289
Zawardo
January 27, 2020, 08:27:37 AM
of course the economy of China will affected, but I don't know in the crypto world. Maybe if more people affected by the virus until the whole world affected of it, I guess the market will decreasing.
full member
Activity: 1382
Merit: 105
January 27, 2020, 08:20:45 AM
It is true Chinese are not celebrating their new year as most of the citizens, not traveling and holidays, are long in China due to Corona Virus. As you know, when any virus or disease is increasing day by day, then it can affect on everything, not only crypto. 
sr. member
Activity: 1020
Merit: 253
JangaCams.com
January 27, 2020, 08:12:22 AM
It will certainly affect a lot. But the important thing is that this disease has not yet led to many consequences so we have not seen the price of bitcoin grow. when China is insolvent and when the economy cannot recover, this flu could cause an economic crisis for the Chinese people. Therefore, we should have a forecast about the increase of Gold and Bitcoin in the near future, although it is always corrected, the trend will definitely go up. Now is a good time for us to buy bitcoins.

China was insolvent? I'm not sure about this. China is very rich, their cooperation is even very extensive in several large countries. I think this disease will not have an impact on digital currency especially it is bitcoin. the thing that will have an impact on bitcoin is about the economy, is this virus the Chinese economy will collapse? I do not think so.
With one of these disasters, I think that China will experience a slight economic disruption, especially in areas where the source of the virus that is currently on the ground is still closed. and if the Chinese economy is disrupted I think they will quickly return to growth and this disaster will indeed not have an impact on the ecosystem in bitcoin.
hero member
Activity: 3080
Merit: 603
January 27, 2020, 08:07:14 AM
I think there are people now that are worrying about this incident because when the US and Iraq quarrel comes in, the market reacted accordingly and it became positive. But I believe that there's no correlation about the virus and crypto market. The entire economy of China, sure there is an implication but for bitcoin and crypto itself, I'm not convinced that there's any.
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