corona Vírus doesn't affect bitcoin price

arrmia11

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Quote from: bitmover on March 07, 2020, 11:09:33 AM

All over the world we can stocks near 12% down since the end of January, when Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

Well that's not bad because right now I think that the bitcoin price are affected by the corona virus because of the news that I've heard that the bitcoin price are getting down just like the stock market but we just need to hold it until the corona virus are gone

miningguru

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Quote from: countryfree on March 13, 2020, 07:01:11 AM

This is panic and reason doesn't play.
Everything's down, from gold to shares and cryptos.
We have to wait for things to cool down. We talk about coronavirus, but it's more like madness.

Yes, everywhere we are seeing this downturn crypto market, share market, forex market, what happened exactly we don't know but every market crashed no before like this. Sometimes it is impossible for us to predict the market situation because anything can happen and it will make us panic.

countryfree

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Your country may be your worst enemy

This is panic and reason doesn't play.
Everything's down, from gold to shares and cryptos.
We have to wait for things to cool down. We talk about coronavirus, but it's more like madness.

Jarmo van de Seijp

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Quote from: demure on March 12, 2020, 07:38:08 PM

Quote from: TryNinja on March 12, 2020, 06:50:39 PM

Quote from: Jarmo van de Seijp on March 12, 2020, 06:13:38 PM

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

Pizza will cost again 10,000 BTC thats what will happen in near time.

I'll be more than happy to buy at that point Roll Eyes

Cant't see it crashing that much further now (for my own accountability, it's at $5,5k now).

Ruso21

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Activity: 115

Merit: 12

I might be wrong but Corona Virus affect BTC, Why?

virus showed up on December and didn't spread until Jan~Feb, during that time Chinese people from factory quits their job after the CNY. From that time until now some cities still in quarantine which means no job no money.

Now around March the Virus spread all over the world panicking tons of people, nowadays lot of people are spending money to buy food, and prevention products which you can see that most of the time is out of stock (mask, alcohol, disinfectant, etc.).

I see closing hotels, restaurants, supermarket, public transportation, etc. so no income for several weeks / months.

this fear makes the people spend their savings.

demure

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Quote from: TryNinja on March 12, 2020, 06:50:39 PM

Quote from: Jarmo van de Seijp on March 12, 2020, 06:13:38 PM

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

Pizza will cost again 10,000 BTC thats what will happen in near time.

TryNinja

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Quote from: Jarmo van de Seijp on March 12, 2020, 06:13:38 PM

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

It seems that everything is crashing due to the panic (or at least the excuse of the panic) of the corona virus. All assets are down and even gold saw a drop. It seems that people are crazy for the liquidity of cash, and that's all it matters for them (even if it's not that reasonable). I really can't predict what will happen in the next few days/weeks.

Jarmo van de Seijp

newbie

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A lot of the previous stock market crashed (or significant dips), caused the bitcoin to spike. Now, it goes down just as hard as the regular markets.

Just like in the regular market, explaining and making sense of the market movements based on the past and recent events is absolutely pointless - I could account for a bitcoin spike by correlating it with a dorito's sales spike, and explaining that a lot of pot is bought with a lot of btc, and bot causes a need for doritos (which is definitely a strong case).

There's absolutely no point in trying to back-explain the bitcoin movement in correlation to the Corona Virus. Show me a guy that accurately predicts the price movements, and I'll listen to his explanation.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: fiulpro on March 12, 2020, 05:54:38 PM

Unfortunately it is not on the market to predict when the prices are going to be affected and when are people going to see the changes .
Corona virus is affecting economy
Economy is affecting people
People are loosing money and jobs
Bitcoins is by the people
Thus indirectly it is getting influenced
Therefore it is indeed right to say that for a while there won't be any selling.

the 24hr change will make you realise that crypto is indeed a very volatile investment!
where are those people that are saying that crypto is the new safe haven of your investments?
i guess the whales are taking advantage of this situation. and gladly watching what is happening in crypto market.

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

I also assumed this before and was confident that the price of bitcoin could survive above 7k at least it proves that the crypto market does not correlate with the stock market or even the corona virus. But in reality what is happening is the price of bitcoin even continues to collapse and if this decline continues to below 5k then it is a big disaster for the crypto market itself and even for the global economy.

fiulpro

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Unfortunately it is not on the market to predict when the prices are going to be affected and when are people going to see the changes .
Corona virus is affecting economy
Economy is affecting people
People are loosing money and jobs
Bitcoins is by the people
Thus indirectly it is getting influenced
Therefore it is indeed right to say that for a while there won't be any selling.

bitcoinst

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SmartFi - EARN, LEND & TRADE

As you can see, only four days after your first message, we can conclude that Bitcoin still has a correlation with the stock markets. Now the situation looks very deplorable.
I wonder how it will all end, whether there will be a continuation of the fall or a rebound back.

Personally, I hope for the second, but given what is happening in the world - there is less hope.

Kong Hey Pakboy

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Quote from: bitmover on March 07, 2020, 11:09:33 AM

All over the world we can stocks near 12% down since the end of January, when Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

In today's current situation bitcoin's price is started to go down instantly, so i think the pandemic of COVID-19 has an effect to the market that a lot of people might be selling their cryptocurrencies or their bitcoins for them to buy the things that they need like food and beverages while there are lock downs in other countries.

amar87

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Bitcoin is absolutely correlated with stock market. Wake up guys.

Findingnemo

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Bitcoin = Financial freedom

Most of us doesn't realize how furious the corona becomes in the last few days.Now there are over 100K cases all around the world from different corners and these 100K might turns into billions in few weeks to be honest so yeah it may affect the prices if people not choosing crypto as a place to store their assets stock values.

imstillthebest

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Quote from: naaimmd on March 11, 2020, 09:52:46 AM

Quote from: bitmover on March 07, 2020, 11:09:33 AM

All over the world we can stocks near 12% down since the end of January, when Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

Well if we look at world coronavirus is a real treat to all of us. yes, I don't see it's affecting much BTC but I think it will affect if this problem doesn't solved soon and more countries affected. People selling crypto & asset and buying gold in china so if corona don't stop soon BTC will go down below 4000$ soon and this just my opinion i am not an expert on this field so forgive me if I made bad Prophecy about BTC.

a real threat definetly because people panic too much and corona virus is always the topic every single day . it did affect btc too much in my opinion and the price is still decreasing . people may sell a crypto but its impossible that they wil use it to buy gold . how will they do that when gold is physical , i mean the virus or the bacteria can stick on gold and can transfer to you . it also requires you to transact publicaly which is risky when youu buy physical assets like gold . what can happen instead is that people may sell gold or other physical assets then go on digital currency but still risky to go outside for local transactions

naaimmd

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Quote from: bitmover on March 07, 2020, 11:09:33 AM

All over the world we can stocks near 12% down since the end of January, when Corona virus showed up.

Bitcoin was neat 10k, and we still didnt lose 9k.

Btc is doing extremely well. it is not skyrocketing like gold but we are holding strong.
I am impressed and we can see that bitcoin price is not correlated with stock market.

Well if we look at world coronavirus is a real treat to all of us. yes, I don't see it's affecting much BTC but I think it will affect if this problem doesn't solved soon and more countries affected. People selling crypto & asset and buying gold in china so if corona don't stop soon BTC will go down below 4000$ soon and this just my opinion i am not an expert on this field so forgive me if I made bad Prophecy about BTC.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

It really doesn't but for some reason the stock market collapsing (which is related to corona for some reason) caused the bitcoin price to get affected as well, people are removing their money from those things and either keeping it cash or keeping it on treasury bond type of guaranteed stuff just for the time being to make sure they do not get affected with these movements.

Corona virus is something that has happened before, we had virus outbreaks all the time, just couple years ago we had ebola virus that scared everyone but it is long gone now and nobody talks about it, there is still ebola related death even in 2019 last year and nobody cared about it because numbers were dwindling and honestly media couldn't continue to show it for 5 years so they started to move on, that will happen to corona as well.

bitmover

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bitcoindata.science

Quote from: stompix on March 10, 2020, 07:01:36 AM

Where the f**8 did I say anything about the corona?

The topic title is "Corona virus didnt affect bitcoin price"

Then you said "bitcoin market was slow to react"

If you are not talking about corona, well.. you are in the wrong topic. And totally off topic.

Who is wrong now? You said I made a bullish topic lol

Quote

The difference is that it takes a man to admit he was wrong.

I think you just don't know what you are talking about.
There is a world crisis going on and you want bitcoin to be entirely uncorrelated? Nothing in this world is entirely uncorrelated.
A natural disaster in China may affect bitcoin price, gold price and stock market in Canada. We live in a globalized world. When people talk about uncorrelated assets, that doesn't mean those asset will never have any kind of correlation.

Well, ok, you are right man

Bitcoin felt 3 days later because of corona virus, oil price crisis was just a coincidence (as BTC was slot to react) and holding price is bullish.

stompix

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Blackjack.fun

Quote from: bitmover on March 09, 2020, 09:21:24 PM

Quote from: stompix on March 09, 2020, 10:06:08 AM

Quote from: bitmover on March 09, 2020, 09:37:27 AM

Lol ok, let's go.

Just because the market was slow to react (don't forget it was a weekend)

You are saying here that bitcoin is reacting to Corona virus now, as "bitcoin market was slow to react". This is absolutely wrong in every sense.

Man, are you having problems reading a simple text or is there is something else going on?
Are you that triggered because you have been proven wrong that you start with this bullshit putting words in my mouth? What the f& is wrong with you!

I clearly said stock market and you quoted it and now you say I said something about coronavirus.
Where the f**8 did I say anything about the corona?

And I'm asking you again, can you please make up your mind?

Quote from: bitmover on March 09, 2020, 09:21:24 PM

Bitcoin price is not enterily correlated.

I give up!
You know, people are wrong all the time, Trump, Putin, Satoshi, they all have been wrong and made mistakes at least once.
The difference is that it takes a man to admit he was wrong.

What you're doing right now is trying to weasel your way out by sending people to watch the news. Pathetic.
I'm not going to debate with somebody that is unable to clearly say one thing, to answer a simple question and always changing what he says.

Quote from: bitmover on March 07, 2020, 11:09:33 AM

I am impressed and we can see that bitcoin price is not correlated with stock market.

Quote from: bitmover on March 07, 2020, 11:09:33 AM

Bitcoin price is not enterily correlated.

Quote from: bitmover on March 09, 2020, 09:37:27 AM

Not only the stock market is falling, everything is and bitcoin is no different this time.

Seriously? Seriously? Really disappointed I thought you were different.

Topic: corona Vírus doesn't affect bitcoin price (Read 537 times)