coronavirus The announcement of the first Russian vaccine against Corona and its effect on cryptocurrencies.

[MuhammadSh 3067]

As many official sources shared today a news about an announcement of the first Russian vaccine against Corona "covid-19" virus!

 

We know that because of the corona virus , all cryptocurrencies have affected badly and the price of bitcoin reached about 3000$ ! 

 

So now , How do you think this news would affect on this cryptocurrencies world?

positively , badly, or there wouldn't be any effect in your opinion !?

 

Or do you even think that the dropping of bitcoin's price today because of these new news !?

 

We can see the changes of the prices of many companies' stocks and even some precious metals like gold and silver today after this important news..

 

So let's discuss about this issue here! 

[Ridam 7455]

At first i am happy after listening the good news about vaccine in the so long time. 

And talking about it's effect, sure for being commercial available it would take time and after few months the situation would return to normal.

After everything becomes normal, the businesses stopped because of this would start again and those dealing with Crypto would also get better customer. We would see increased number at Crypto Atm. I think the price that was affected by viruses, and the performance of Crypto after halving would continue. Price may go even higher as we had expected last time i guess.

[Whited35 15285]

Rest of countries are just watching at Russia. Let's see how effective will it be for victims. I think recent price drop of BTC is not related with this vaccine announcement, there can be several reasons like whales made the movements to give that price drop. News about successful vaccine against Corona virus gives positive impact to the cryptocurrency markets because potential investors could invest in cryptocurrency once again thinking like global economy will return to the normal phase. 

[BTC Future 3946]

The news of a successful vaccine is first of all a great hope for the whole world. Hopefully we will be able to end with this and manage to built immunity with the vaccine. Basically I don't know anything on the subject of vaccinations but I will do research and follow the doctors and people I trust on the matter. Hopefully this will be the end of the coronavirus and we can go back to our daily lives without any distractions. 

About the markets, I think that it will mean that problems will be reduced. Perhaps the effect will take another two years to completely clear but it won't take longer. At some point though all this excess printing by the FED will come back to hunt the US economy and implications will be dire to most of the world.

[Mwangi 5611]

And this other hateful other nations who think they are always the once to say are trying to tell us that its  should be investigated first before anyone is treated with it , and I say what words and ballocks we need to use it now, if its working let other nations and especially nations from Africa try and  sell to us, we need it and we welcome anything from Russia

[Dorjoy12 8962]

Its true that russia have released a vaccine About corona virus.. So if THIS vaccine works perfectly then you all can see a huge change on crypto World and as far as i can guess all the trader will start trading on crypto currency which will surely lead the currency price up as the world will go normal like past.. But lets see how long this vaccine work and how long time it take to reach all over the worlds                     

[MrSpasybo 1049]

I don't think the pandemic has had much impact on the crypto market, and neither does vaccines. Many people say that the market is down due to vaccines, but I think it is inevitable during the period of stabilization after the very strong price increase has just happened.

[Moaz 7239]

It is happy news that the first vaccine against the Corona virus will be announced, and I hope that we will finish this virus soon, and for sure, this news will positively affect the prices of cryptocurrencies and their price will rise dramatically and this is positive for all users of cryptocurrencies

[kyoukage01 3181]

There are still concerns about the safety of the first announced vaccine, as it has not completed its Phase 3 (human trials). Being too hasty on something that is not definitively proven safe and administered incompetently can have some dire consequences: for a more recent example, Dengvaxia gives a fine case.

https://en.wikipedia.org/wiki/Dengvaxia_controversy

On that note, the earliest time we will have a 'safe' vaccine is said to be estimated around the early quarter of next year.

On 8/12/2020 at 5:26 AM, MuhammadSh said:

How do you think this news would affect on this cryptocurrencies world?

There won't be hardly any effect in the crypto community if crypto users do not receive the vaccines themselves at this point, and so, the current status quo will continue. It will be the festivities and holidays in the coming -ber months that may offer significant impact on crypto prices, as what the incomes and willingness to circulate money of the people will be in a staggering economy until the end year will determine that.

 

Edited August 14, 2020 by kyoukage01

[Swapzone 174]

The cryptocurrencies like Bitcoin and Ethereum which were predicted to cross their ATH after the Bitcoin Halving was halted because of COVID-19 (as the usecases of these cryptos were stopped). But, after the vaccination is available, all that usecases will reopen making the predictions come true. 

[MuhammadSh 3067]

On 8/12/2020 at 11:03 AM, BTC Future said:

The news of a successful vaccine is first of all a great hope for the whole world. Hopefully we will be able to end with this and manage to built immunity with the vaccine. Basically I don't know anything on the subject of vaccinations but I will do research and follow the doctors and people I trust on the matter. Hopefully this will be the end of the coronavirus and we can go back to our daily lives without any distractions. 

About the markets, I think that it will mean that problems will be reduced. Perhaps the effect will take another two years to completely clear but it won't take longer. At some point though all this excess printing by the FED will come back to hunt the US economy and implications will be dire to most of the world.

I think that two years is enough time to make us see many changes in the current international financial system.. I would like to ask an expert like you, about what would the effects on the cryptocurrencies be like!? we can see that the dropping in the prices when the corona first spread allover the world! so what would be the situation of all cryptocurrencies after this crisis?

[Raqeebzy 6456]

At the initial stages of the pandemic Bitcoin was hit very hard and there was massive bearish moves. But as time goes on as many countrie's economic were hit and many new policies developed especially in the US, bitcoin was seen as the safe heaven and many decided to trust and make investment in it; it really helped bitcoin recovered and became the most traded asset again for another year.

I am one of the few people that believes the news or the development of new vaccines will have no effect or little in the positive direction, Bitcoin is already set for the parabolic bull run no matter the case.

[koussai999 1986]

I think it could have a positive effect on the Russian cryptocurrencies, especially that the Russian share of cryptocurrencies is a very large share. I think it will raise the cryptocurrency market a little higher.

[Guru2050 8284]

I will like to share with everyone to know that I'm very excited and delighted to hear this news of discovering vaccine, it's a welcome development and global freedom back to many activities. Just as you said actually it's true, the global pandemic corona virus was able to crippled the value of BTC as of then in March. However it was successful to make a significant recovering from the effect since before it's halving to occurred and today the value is high at least targeting to hits $12000 dollars now. Further more the discovering of vaccine would have positive impact on both Crypto currencies world and outside crypto world as time goes goes on.

[iloveyobit 6599]

This has nothing to do with crypto, neither from near or far, and it will never be affected. I think that the vaccine is a political game and it has no income in a virtual market.

[MuhammadSh 3067]

On 8/18/2020 at 12:42 PM, iloveyobit said:

This has nothing to do with crypto, neither from near or far, and it will never be affected. I think that the vaccine is a political game and it has no income in a virtual market.

Can you explain how is that please? so the last dropping of bitcoin's price was from what? the news control the market ,the financial international system and they can also affect on many stocks and currencies ,also on many countries' financial systems as we know.. so how we can say that the corona virus didn't affect on this cryptocurrencies world and the vaccine wouldn't affect too?.. i am just wondering and i will be glad to know your ideas.. 

[bogdanoff 3173]

I have heard of this a month ago but not read recent news. Is it given to people and is it helping to save lives? From a friend I asked that is pharmacist he told me that vaccines require a year of tests to check for after effects. This perhaps was too early released. I don't know about medicine science much but I would like to know if it at least worked for now.

[iloveyobit 6599]

1 hour ago, MuhammadSh said:

Can you explain how is that please? so the last dropping of bitcoin's price was from what? the news control the market ,the financial international system and they can also affect on many stocks and currencies ,also on many countries' financial systems as we know.. so how we can say that the corona virus didn't affect on this cryptocurrencies world and the vaccine wouldn't affect too?.. i am just wondering and i will be glad to know your ideas.. 

I think that the virus may have had an effect on Bitcoin in the past, but now it has never had such an effect, according to my opinion, because whales are the ones who manipulate the price of Bitcoin by selling large quantities of it.

[Izeal 4404]

How the covid -19 vaccine could affect the price of the bitcoin. I don't think so because they aren't related to each other and believe me bitcoin will never dip to $3000 because even the price goes to $7000 they demand will be very high and the price will again increase which will maintain the value of the bitcoin.

[TimopheyKa 3900]

In fact, this is not surprising. Yes, it is good that there is already some image of the vaccine, which even in the fall has not yet been implemented. And it turns out such a funny fact that people have already managed to transform their own immunity, and the vaccine has only been simplified. In General, I don't think this will have much impact on the economy, except for medical stocks. After all, a lot of time has already passed, and the topic is no longer overly relevant!

[Omar Ommeish 4872]

I do not think that this news will affect cryptocurrencies at the moment because this vaccine has not been distributed to everyone yet and we have not seen its positive or negative effects yet.

[percare 3192]

The russian or the other vaccine found from other sources may be a nice attempt but I read that they are not 100% help in all cases but they are for 70% of the cases. The virus is a strong one and the people with health problems they are very high risk and we need to protect them perhaps until the problem stops completely.

[Cryptomint 433]

This news affected a lot at that time and we all know that after that the bitcoin recover itself soon and come back to the 10000$ again.

[Captain Karim 0]

All political and economic news around the world has its effect on the price of stocks, bitcoin, and other assets such as gold and silver, but some assets are more volatile than others, such as Bitcoin, we always find that the volatility of Bitcoin due to the news is very large, perhaps because the crypto market is still considered A small market in terms of market value in front of other markets such as the forex market.

[Gabomg 54]

The coronavirus pandemic positively boosted bitcoin by 34%, that is, we realize that people were looking to support themselves from the crisis by investing in cryptocurrencies, if everything happens, those investments may be maintained and rise due to the great confidence they take, hopefully With this or any vaccine that can solve the problem worldwide, it can continue to raise the price of bitcoin and criptocurrencys.