Topic: Does the Coronavirus (Covid-19) make BTC to rise? - page 4. (Read 576 times)

yeah i think minimum price of BTC  is $8200 i hope so  
The link below is an analysis of the corona virus growth process

Apple

The global tech giants, Apple, has warned of global “iPhone supply shortages” resulting from its Chinese factories closed due to the outbreak. Apple manufactures the majority of its iPhones and other products in China, and the coronavirus’s increasing presence has caused the firm to halt production and close retail stores in China. In a press release, Apple confirmed it would not meet its Q1 revenue target of US$63-67bn. “Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,” read the press release. “As a result, we do not expect to meet the revenue guidance we provided for the March quarter.”

McDonald’s

In a recent earnings call, Chris Kempczinski, McDonald’s president and CEO, commented: “The situation in China is fluid and concerning. Right now, as you would expect, our priority is on our employees and customers and ensuring we do everything we can to ensure they’re safe and taken care of.” At the end of January, McDonald’s closed approximately 300 restaurants in China, however, Kemczinski stressed that “3,000 restaurants in China remain open.”

Burberry

The coronavirus could cost the luxury industry over US$40bn in revenue. Companies such as Burberry, Ralph Lauren, Coach and Capri Holdings have already told of the significant impact the deadly virus has had on business. Burberry has closed 24 of its 64 total stores in mainland China, while the other 40 remain open on reduced hours and with substantial footfall declines. Speaking to Business Insider, Burberry CEO Marco Gobbetti said: “The outbreak of the coronavirus in mainland China is having a material negative effect on luxury demand. While we cannot currently predict how long this situation will last, we remain confident in our strategy.”

I can't figure out why this coronavirus scare is affecting the markets so much--people are saying that it's going to negate all corporate earnings for 2020 and crap like that, but I don't see how it's possible to have nearly that kind of an effect on the economy.  Investors are obviously scared, though--that much is real.

As far as bitcoin goes, I'd point out that it's still around $8500 and that isn't bad at all.  Yes, it took a little nosedive from its 2020 high but it's not like it crashed back down to $3k or anything like that.  I'm hoping the general fear will subside and that the world of medicine will get the spread of the virus under control--and that the media stops feeding the fear, which they obviously love to do.

In the meantime, use hand sanitizer liberally.

We live in an global market, with huge supply chains from a lot of countries to and from China / Asia / Singapore.
Those supply chains come under pressure, due to this virus and the measurements that are taking by countries to combat it.

The rest of the world is still playing catch up with this virus, which could bring even more supply chains in danger.
That is why its affecting the markets so much, several major tech companies are already bringing down their profit expectations due to this virus and their supply chains it
threatens. Just look at Apple who now face problems manufacturing its Iphones in China, possibly having to delay the launch of its new Iphone models.

Other companies are in the process of relocating from China to other countries, but are still relying on sub parts coming from China.
It will take a lot of time to create new supply chains.

I can't figure out why this coronavirus scare is affecting the markets so much--people are saying that it's going to negate all corporate earnings for 2020 and crap like that, but I don't see how it's possible to have nearly that kind of an effect on the economy.  Investors are obviously scared, though--that much is real.

As far as bitcoin goes, I'd point out that it's still around $8500 and that isn't bad at all.  Yes, it took a little nosedive from its 2020 high but it's not like it crashed back down to $3k or anything like that.  I'm hoping the general fear will subside and that the world of medicine will get the spread of the virus under control--and that the media stops feeding the fear, which they obviously love to do.

In the meantime, use hand sanitizer liberally.

I can't figure out why this coronavirus scare is affecting the markets so much--people are saying that it's going to negate all corporate earnings for 2020 and crap like that, but I don't see how it's possible to have nearly that kind of an effect on the economy.  Investors are obviously scared, though--that much is real.

For me the indicators being analyzed are not reliable but what I'm looking at is the resistance level at $9,200. This point is important and from the look of it all, it still looks bear. For the corona virus issue, maybe is a reason too for dumping. Hodlers can sell off to recover some money for sustaining their health.

a lot of the shitcoins were pumped in the week before the current ongoing altcoin dump so it is expected to see a big altcoin dump like this going on. if you look at the charts you can see bitcoin was stable in those weeks which explains the altcoin pumps and now that bitcoin had a small drop the altcoin panic dump mode activated hence the big dumps everywhere.

none of it has anything to do with covid19 though! if anything we should have seen a bitcoin price rise during all these altcoin dumps.

crypto market have  nose-diving this week, most important question is crypto markets will recover or continue on a downward spiral next week