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Topic: corona virus & bitcoin market - page 3. (Read 897 times)

full member
Activity: 2142
Merit: 183
January 31, 2020, 12:18:15 AM
#68
All this situation with the virus shows us again that there is no connection with bitcoin growth and such global events. It seems that BTC doesn't even notice this disaster in news feed.
I think that the appearance of a coronovirus will still have a slight effect on the price of bitcoin and other cryptocurrencies. The Chinese are now being urged to refrain from visiting public places, and now they are celebrating the New Year by February 10th. People will spend less on bitcoin and other cryptocurrencies, and this should have a positive impact on its price. Otherwise, I do not see any relationship between this new virus and the price of cryptocurrency.
legendary
Activity: 1722
Merit: 1014
January 30, 2020, 06:58:07 PM
#67
All this situation with the virus shows us again that there is no connection with bitcoin growth and such global events. It seems that BTC doesn't even notice this disaster in news feed.
sr. member
Activity: 1344
Merit: 250
January 30, 2020, 11:18:08 AM
#66
What does corona virus have to do with bullish bitcoin ?? any effects
coronavirus quite an impact with bullish bitcoin since yesterday bitcoin was down a little bit and after that bitcoin ride back coronavirus also affect the economy and the price of bitcoin because many traders bitcoin in china was very influential also in the market bitcoin which makes a lot of factors that make bitcoin down.
full member
Activity: 1400
Merit: 103
January 30, 2020, 11:01:51 AM
#65
If we ignore what is happening at the moment and look more globally, then “Coronaviridae” can serve as a starting point for rejecting paper money and switching to digital forms of payment (including in cryptocurrencies). Since bacteria remain on the banknotes and they are perfectly transmitted from person to person in paying with cash.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
January 30, 2020, 10:59:13 AM
#64
I don't know why you connect corona disease with bitcoin Huh because in my opinion this has nothing to do at all. If this virus spreads throughout the world, not only will bitcoin be destroyed, but global markets and the world economy will also be destroyed because no one will leave house. but we hope they will soon find an antiviral from this disease, because all diseases have antidote and can be cured
He may see some correlation between it that he has asked about it. Global markets might be affected once this disease goes-full-blown global threat. But I don't see any direct effects on cryptocurrency progress. However, if this disease inflicts a considerable amount of people it may impede in the normal processes of bitcoin and cryptocurrencies as a whole like mining, investing, trading and selling.
full member
Activity: 1498
Merit: 146
January 30, 2020, 10:54:44 AM
#63
What does corona virus have to do with bullish bitcoin ?? any effects
Price of bitcoin reached highest level recently with last three month frame but if this corona issue has any effect on bitcoinmarket then the prices re supposed to dump since stocks are also falling too much when the same issue happening.

And also most cities were locked down so people using online payment for purchasing this?
full member
Activity: 1946
Merit: 112
January 30, 2020, 10:49:19 AM
#62
What does corona virus have to do with bullish bitcoin ?? any effects

I believe that you are exaggerating the meaning of coronovirus. I do not think that the news about the supposedly raging "coronavirus" in general is related to the crypto market. I think that many are looking in the wrong direction. This whole “coronavirus” distracting maneuver from more significant events that occur in the world and possibly in China itself. Moreover, does the crypto market show big growth? I do not think, before these events there was a better growth. all these are manipulations that you should not pay special attention to. But in any case, I believe that even without any kind of events in the world, we are in a new phase of growth in the crypto market. How successful this phase will be, time will tell.
legendary
Activity: 2884
Merit: 1117
January 30, 2020, 10:37:50 AM
#61
I think Bitcoin is more likely to suffer from the coronavirus epidemic than get any benefits in this crisis.

Bitcoin is a physical asset.
As far as we know from experience during global crises and disasters, people prefer to have in their hands the values ​​of the physical world such as cash:
gold,
jewelry,
medicines,
food,
water,
gasoline.
Bitcoin will not make sense if it can not be exchanged for anything from the above list.

During crises, we do not know how much Bitcoin will be in demand in markets of this type, but we know what will be in demand exactly.
People would rather exchange their bitcoins for cash to buy medicine during the coronovirus epidemic than vice versa.
Corona virus is not been declared as a world crisis or any disaster. It is actually a most contagious disease because the mutating abilities of the corona virus makes it easily contagious. In this case, most of the people from the infected parts of the world would prefer to stay at home and try not to get in direct contact with the infected person.

In this case, bitcoins would be a best medium of currency exchange which would allow us to transact without actually moving out of our door. This should bring a positive rise in the price of bitcoins if this case tends to be real but as far as I know the markets, I do not find any relation of corona virus or any such disease with bitcoins.
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
January 30, 2020, 07:04:07 AM
#60
I think Bitcoin is more likely to suffer from the coronavirus epidemic than get any benefits in this crisis.

Bitcoin is a physical asset.
As far as we know from experience during global crises and disasters, people prefer to have in their hands the values ​​of the physical world such as cash:
gold,
jewelry,
medicines,
food,
water,
gasoline.
Bitcoin will not make sense if it can not be exchanged for anything from the above list.

During crises, we do not know how much Bitcoin will be in demand in markets of this type, but we know what will be in demand exactly.
People would rather exchange their bitcoins for cash to buy medicine during the coronovirus epidemic than vice versa.
hero member
Activity: 2926
Merit: 567
January 30, 2020, 03:31:16 AM
#59
What does corona virus have to do with bullish bitcoin ?? any effects

I will believe it if Bitcoin has a huge 10% jump but the price movement is not moving drastically it is growing organically or natural which is expected because of the halving season, and I don't think the Corona virus has something to do with and speculators are quick to attach this Corona Virus to the price movement.
hero member
Activity: 3080
Merit: 603
January 30, 2020, 02:39:50 AM
#58
What does corona virus have to do with bullish bitcoin ?? any effects
People started to think that there's a relation about the bullish attitude of bitcoin and why it's becoming into a crazy run now. I guess the idea started out when the possible WW3 was about to start because the market did a crazy bullish move during that time. If we are to compare with the corona virus and the potential WW3 then it only means that people are saving their wealth through bitcoin. They are putting their money on bitcoin so that whether there wll be a massive destruction of lands and infrastructures, their saved wealth won't be affected through bitcoin.
full member
Activity: 1092
Merit: 101
January 29, 2020, 10:53:22 PM
#57
I don't know why you connect corona disease with bitcoin Huh because in my opinion this has nothing to do at all. If this virus spreads throughout the world, not only will bitcoin be destroyed, but global markets and the world economy will also be destroyed because no one will leave house. but we hope they will soon find an antiviral from this disease, because all diseases have antidote and can be cured
full member
Activity: 664
Merit: 100
January 29, 2020, 10:39:51 PM
#56
What does corona virus have to do with bullish bitcoin ?? any effects
there is no major impact on the bitcoin market, it is likely that the impact will be felt on the global economy, and hopefully coronavirus will not spread throughout the world, so as not to cause something fatal in the future.
full member
Activity: 731
Merit: 100
January 29, 2020, 08:30:32 PM
#55
I don't see the connection between corona virus and the market and only few people got corona virus so not really affected in the market, but if thousands of people get infected of the virus, maybe the market will collapse.
most of those infected with the corona virus are Chinese and that's it has absolutely no effect on the market. I think the effect of the corona virus from China has nothing to do with the Bitcoin market. I agree with you if everyone in this the world is infected with this deadly virus then the market will collapse in no time.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
January 29, 2020, 05:41:57 PM
#54
I think none, this virus can maybe affect bitcoin if main people who control pools and other stuff and maybe miners take this virus hope not, and hope to find a fast solution to stop this virus and save people.
Viruses like this should not be able to control the price movements of bitcoin but the bad possibility is to make a lot of people who have assets in the form of bitcoin sell it and make it into local money because they want to secure their assets, so you have to be careful that there is no worse news so it will not influence the bitcoin price movements at the exchange place.
hero member
Activity: 1414
Merit: 516
January 29, 2020, 05:22:01 PM
#53
I think none, this virus can maybe affect bitcoin if main people who control pools and other stuff and maybe miners take this virus hope not, and hope to find a fast solution to stop this virus and save people.
copper member
Activity: 69
Merit: 4
Sudoku Wallet - Hard to Guess
January 29, 2020, 05:19:20 PM
#52
Of course there is no direct connection between these events.

But given that the entire financial market is falling, and bitcoin is growing, then maybe it's attracting investors attention.
newbie
Activity: 7
Merit: 0
January 29, 2020, 05:11:45 PM
#51
My guess is it is because the stock market has moved downwards. It is common for cryptocurrencies to act bullish whenever the stock market is bearish. Having said that, the Wuhan virus allegedly affects the stock market and other commodities. I found this on the web https://www.nytimes.com/2020/01/28/business/coronavirus-financial-markets.html

addendum: I found this article first thing in the morning. https://www.coindesk.com/bitcoin-rallies-to-near-9150-as-stocks-drop-over-coronavirus-fears
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
January 29, 2020, 01:14:15 PM
#50
What does corona virus have to do with bullish bitcoin ?? any effects
There is nothing to relate the corona virus with the bitcoin Market trend. Everytime by the days of Chinese New Year there'll be growth, and the same has taken place this year with the price of bitcoin crossing above $9000. There is no celebration or partying out of the corona virus, upon the same there could be downtrend, luckily the market keeps moving forward.
member
Activity: 394
Merit: 14
January 29, 2020, 12:10:02 PM
#49
Very disturbing news from China, and I think it is not necessary to link the trouble of people with the potential benefit of a possible increase in the price of cryptocurrency.
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