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Topic: How Coronavirus affects Bitcoin and when it will end (Read 1945 times)

member
Activity: 350
Merit: 37
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The whole issue is still not certain and I don’t think can give a good prediction about when the virus because the last I checked China claimed to have discovered the vaccine but nobody wants to be vaccinated because they are not sure of about the vaccine, I guess.

The impact of Corona virus is global as many sectors if not all sectors of the world was shaken by the virus. The corona virus had both positive and negative effects in most sectors. The Corona made some products to be appreciated and the demand became high whereas many products were devalued during these period.
sr. member
Activity: 1666
Merit: 276
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It was a thread created during the starting days of covid-19. Now things have changed a lot and the drastic changes in the number of people getting affected. In my state it went to the peak of more than 10000 people getting affected every day. Now this count have come less than 250 people per day. Everyone thought corona would affect or disturb the growth of bitcoin, but things took place in the opposite way that none have thought.
sr. member
Activity: 2604
Merit: 338
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We have arrived in June and the predictions for China have failed. The Coronavirus continues to spread in the USA and Brazil among the countries that move the economy in the American continent and around the world. For its part, Bitcoin despite the crisis maintains a resistance to 9K. If we stay like this it is a sign that Bitcoin can withstand this terrible situation that affects us all.
When should it finish?
We don't know exactly it just depends on God, us and science.
We still do not see the curve of people affected by the covdi19 decrease. It is possible that the crisis will over in the short term 1 year once the vaccine is available.

No one knows how and when this covid-19 will end. People used to say that in summer this deadly virus will be killed automatically but that does not happen. All the Myths about corona virus are proving wrong and there is no good news about the creation of its vaccine.

The only good news is that bitcoin is quite stable even in this bad economic situation.
It might sound hopeless but some big pharmaceuticals are already in phase 3 on creating the vaccine which means we are almost there.

https://www.pfizer.com/news/press-release/press-release-detail/pfizer-and-biontech-conclude-phase-3-study-covid-19-vaccine
https://www.bbc.com/news/health-54986208

We are all hoping for these cure to be created and would be given out to masses.
About on the question affecting bitcoin then its irrelevant.
sr. member
Activity: 1638
Merit: 255
Now it’s over the month of June, even the end of 2020. Coronavirus is still continuing, and until now, it has not circulated the manufacture
of vaccines because there is no suitable to deal with the coronavirus. However, due to the impact of this pandemic, many countries
are experiencing economic recession, in each country there is a lot of inflation, so fiat becomes weak. It also decimated economic growth.
But the effect for bitcoin and crypto, this becomes an alternative investment option, as many investors and large companies transfer their
assets to bitcoin. That’s because the stock market is also experiencing price setbacks. Investors and entrepreneurs don’t want to lose their money.
Perhaps by buying bitcoin, their assets will be safe from inflation. and bitcoin and other crypto are on the rise. From March until now,
bitcoin has increased by over 370%.

hero member
Activity: 1498
Merit: 711
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COVID-19 spread all of a sudden in Wuhan state and now all over the world.Many country are now fight back to virus.we see Fast world country are facing the difficulties there is an issue with safety equipment and so on.Normal currency causes to spread the virus.so people use digital way. This situation  digital currency can replace this time.I have seen many people use digital assets and also digital Currency. COVID-19 causes many people jobless and now they are switching their work to different platform.In march around 20 percent of global population are under lockdown. Though corona virus ends there will lot more things come such economics war and bitcoin also suffer this time.When economy breakdown every sectors are facing difficulty not only bitcoin.
I think while it spread like that is because their was no adequate care or treatment of it from initial, them the virus has spread from one country to another country, assuming world health organization (WHO) research immediately for the possible vaccine that will eliminate the symptoms of corona virus, it won't has gone viral to extent damaging worldwide, with its occurrence  in society it caused a lot of disaster across nation. And is obvious that corona virus did not caused harm to only human life alone but also includes infrastructure and economy shortage, even currencies, which is disvalue of currency in some countries and increments of currency in other countries, which it really affects cryptocurrency industry.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
We have arrived in June and the predictions for China have failed. The Coronavirus continues to spread in the USA and Brazil among the countries that move the economy in the American continent and around the world. For its part, Bitcoin despite the crisis maintains a resistance to 9K. If we stay like this it is a sign that Bitcoin can withstand this terrible situation that affects us all.
When should it finish?
We don't know exactly it just depends on God, us and science.
We still do not see the curve of people affected by the covdi19 decrease. It is possible that the crisis will over in the short term 1 year once the vaccine is available.

No one knows how and when this covid-19 will end. People used to say that in summer this deadly virus will be killed automatically but that does not happen. All the Myths about corona virus are proving wrong and there is no good news about the creation of its vaccine.

The only good news is that bitcoin is quite stable even in this bad economic situation.
member
Activity: 1358
Merit: 81
We have arrived in June and the predictions for China have failed. The Coronavirus continues to spread in the USA and Brazil among the countries that move the economy in the American continent and around the world. For its part, Bitcoin despite the crisis maintains a resistance to 9K. If we stay like this it is a sign that Bitcoin can withstand this terrible situation that affects us all.
When should it finish?
We don't know exactly it just depends on God, us and science.
We still do not see the curve of people affected by the covdi19 decrease. It is possible that the crisis will over in the short term 1 year once the vaccine is available.
sr. member
Activity: 1820
Merit: 436
We do not yet know how long the outbreak of the coronavirus will last. It will depend on the discovery of an effective and readily available vaccine. The vaccine may actually have a few more years in the overall field in the next one year. It is very difficult to say how Bitcoin is affected by the Corona virus crisis. But everyone should be mentally prepared for this.

Pandemic is probably going to last for years around the globe a lot of countries have low cases of COVID-19 but there are also a lot of countries that still don't even recover from the pandemic.

We market is already recovering from the dumps in the past months that I could probably say because of the pandemic or effects of the pandemic in the market but for sure the market is already recovering and sustaining its market price we could even see bitcoin market price back to 9k$.
full member
Activity: 644
Merit: 101
Ecowatt.io
Hello everybody. In the situation with coronavirus there is a lot of far-fetched, especially idiotic statements by politicians who have absolutely nothing to do with virology. Personally, I only listen to virologists, basically, they agree that we all should get sick and only then will resistance to this disease appear. Yes, it’s a terrible disease, politicians who are not clean at hand can not get past this problem, they make the picture even more dull. It is not known exactly when all this will end, maybe this summer, maybe the next, - the disease is not subject to political elites, it will end when it ends, and not when any president orders it. Of course, all markets collapsed in the wake of this pandemic, although many experts doubt that all this disgrace can be called a pandemic. But Bitcoin is no exception, unfortunately, the whole cryptocurrency has fallen in price. The only thing I’m sure of is that we will not die even now, most likely the bitcoin rate will still drop. With each month of quarantine, the purchasing power of the population decreases, it is logical if the rate breaks even the last minimum. Time will tell.
jr. member
Activity: 294
Merit: 1
COVID-19 spread all of a sudden in Wuhan state and now all over the world.Many country are now fight back to virus.we see Fast world country are facing the difficulties there is an issue with safety equipment and so on.Normal currency causes to spread the virus.so people use digital way. This situation  digital currency can replace this time.I have seen many people use digital assets and also digital Currency. COVID-19 causes many people jobless and now they are switching their work to different platform.In march around 20 percent of global population are under lockdown. Though corona virus ends there will lot more things come such economics war and bitcoin also suffer this time.When economy breakdown every sectors are facing difficulty not only bitcoin.
jr. member
Activity: 90
Merit: 1
According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.

So how does this affect the markets?

If it's to be trusted, China says the pandemic should end around June: https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DY

Until then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.

If we are to expect the fear continues into June, prices should keep falling until June.

Be patient until June and then buy.

Ohh boy, the way this aged... Currently I think we haven't seen the real worst of it, the real effect will kick in with a delay, once china's factories that haven't been able to produce / ship their products to the rest of the world and we start realizing how badly we depend on their workforce, everything in the tech industry will be affected by it.

Now Bitcoin itself I don't think will be affected in a greater way than it already has, have you seen, however, petrol price today? Shit dumped faster than I've ever seen BTC crash...
newbie
Activity: 8
Merit: 0
Nobody realizes to what extent this will be and how profound the cost can go.
We have no chance to get of knowing these things, and I think right now we ought to be at the top, our wellbeing isn't our fortune,
We ought to be egotistical and not stress over the life of others. Sad
member
Activity: 434
Merit: 29

It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.


TOTALLY WRONG....

This is what a simple minded fool would say.   The ECONOMIC BUBBLE was the reason for such a huge crash, everyone knew the stock market was massively overvalued ( except this fool ), the Corona Virus was just the pin that popped the bubble.

Oil was crashed because Russia walked out of OPEC+ , refusing to reduce output during a time of reduced demand.

Seriously, why would anyone listen to such an uninformed, dumb fool that likes to talk about things he obviously knows nothing about ?  We all know the type   Cheesy Cheesy Cheesy

Hard Facts
jr. member
Activity: 268
Merit: 4
With the rate of the spread of this virus,  the information that the pandemic will end by June is unrealistic; as the spread rate in Europe, the United states and even Africa increases by the day.  The WHO don't see this pandemic ending in few months atleast not until a cure is developed.
In the light of this,  the rise and fall of bitcoin can not the predicted,  especially not in this period of crisis. 
sr. member
Activity: 1190
Merit: 305
Pro financial, medical liberty
China said the pandemic will end around June? That’s nice, and I hope this is true... Oh! Wait! They said it will end in June?
Were they referring to every country as a whole or they mean that it will end around June in their country?
What about countries in Africa where there are poor health systems and bad government?

These are the countries that will find it difficult in handling such a virus. It was a difficult case for developed countries , so come to think of these underdeveloped countries and how difficult it might be for them. It has already started spreading in these countries. If they were to restrict travels earlier it wouldn’t have been like this.

They do just fine. Another thing, moonsoon season to start soon in some places. No virus can spread with everyday raining all day long.
Bacteria and Virus are not friends.
https://bitcointalksearch.org/topic/m.54085660
hero member
Activity: 742
Merit: 507
It is controversial  to hope that everything will end in June. To effectively combat coronavirus, we need a vaccine, and its development is a very long process. Personally, I heard that development should take at least 3 months, then another clinical trial. I think that the vaccine will not be earlier than September-December.
sr. member
Activity: 1638
Merit: 278
China said the pandemic will end around June? That’s nice, and I hope this is true... Oh! Wait! They said it will end in June?
Were they referring to every country as a whole or they mean that it will end around June in their country?
What about countries in Africa where there are poor health systems and bad government?

These are the countries that will find it difficult in handling such a virus. It was a difficult case for developed countries , so come to think of these underdeveloped countries and how difficult it might be for them. It has already started spreading in these countries. If they were to restrict travels earlier it wouldn’t have been like this.
full member
Activity: 1414
Merit: 228
Omicron is another FUD
snip..
the life of the Chinese population has slowly been confirmed to be normal as usual after passing through the Covid-19 crisis.  but other countries have just felt the peak of the spread of the Covid-19 virus and are likely to recover like China within the next 1 month.  I don't know for sure but it seems that the cause of the sluggish price of Bitcoin is not because of Covid-19 (this thread is my reason).  my advice for now.. just follow the latest updated about Covid-19, if you have more money you should buy Bitcoin or other assets such as company shares that are currently on average are falling..
full member
Activity: 546
Merit: 122
★777Coin.com★ Fun BTC Casino!

When the corona virus started and begins to spread all over the world, many people was afraid of that. That's why many countries are in lock down now and because of that many businesses and markets are down deeply. It really effects the bitcoin and nobody knows how the bitcoin could deeply down on following days. Indeed, many people are hoping that this upcoming June everything will be okay, but for now we must priority our health before anything else.
sr. member
Activity: 658
Merit: 256
Freshdice.com
I think, the way corona virus is negatively affecting the economy of different countries, do reflect on the market prices of cryptos. My basis is that, when this virus arose, there's no effect to the market prices at all, but the moment it became pandemic or simply 'viral' when cases were reported to different countries, things have changed. The market prices of cryptos not only bitcoin, fell in an instant approximately 47% within few days. Many businesses, establishments were forced to stop operating because the aim is to avoid interactions with one another, making it not surprising to know that things as well as online services were also affected.
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