The impact of Corona Virus to Bitcoin

[Mandoy01 1196]

Hello guys. I am back again.

 

I just want to share this article in this forum. To me it sounds crazy but this article is claiming that the threat of coronavirus is causing the rise of bitcoins value. According to the article the virus outbreak is one of the factors that cause a major push to the recent bullish movement of bitcoin. I have doubts about it but I just want to share it since this thing also is possible since people tend to shift to cryptocurrency when their is war, conflict, economic breakdown and the like.

 

Anyway here is the link and you are free to read the article: https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html

 

Feel free to share your comment and idea on this matter.

 

 

[Uttom Deb 333]

I do not think Bitcoin has any effect on the coronary virus because it is going to be Bitcoin going in place of Bitcoin and coronary virus is being replaced by coronavirus.

[Darkelf11 262]

This topic has already been discussed here. It is just repeating. We do not need any repetitions here I guess. 
Even though, any virus will not take any direct in bitcoin. There could be indirect ones.

[talo122 735]

This ia very possible as the virus cuses many of the europian and american stocks to how down, wich has leaded to a weaker currenceies infornt of bitcoin thats one of the reason i think to the move we have seen. 

[Satishmolankar 1703]

It can be because of this corona virus many in China have stopped working in the crypto and thats impact may be effect to the bitcoin because of no workd done in the crypto currency it can be I think 

[pkrs 603]

This is a assumption from an article that Corona Virus has impacted the prices of Bitcoin but i think we should see the result of Crypto after Carona Virus has been found in china. There is no change in Bitcoin price has been increasing day by day. 

[Maxtron73 3269]

Bitcoin is seen also as a store of value like gold and so as negative news or events that happen, bitcoin acts like gold , that investors go and buy gold to preserve themselves from  economic recessions and ecc..

[babaji 1228]

I dont believe corona has anything to do with bitcoin price, but then whales will use every opportunity to capitalise and make money, so that might very well the case be. However there is no connection between corona and bitcoin price rice, except the fact that some the victims of corona may have had bitcoins and they may be lost forever. 

[Jeet Narayan 1940]

Yes this virus effect bitcoin but it effect only for a few days, all is well now. Right now price going high and I wish Bitcoin price keep go up, so we will get profit.

[Ahmedabdallah12 169]

I think halving that caused the bull run not any other thing , as the bull run began before the virus 

[miskyming 1588]

Well I don't think the corona virus is behind of increasing bitcoin. I think because of the bitcoin halving that's why many people will buy bitcoin because they think it will increase the price in that event.

 

[suzuya 945]

Corono virus outbreak doesn't have anything to do with the current price of bitcoin or it can not really affect other cryptocurrency or the market itself. The price of coins and tokens move because of the activities of different users and investors.

[Fatihgani12 348]

All of that is not valid yet, the data is only based on articles that you cannot trust, so respond to this as a joke.

[ETheHedgehog 3104]

First, i just want say that i feel bad for every victim of corona virus and hope they find a cure very soon, now, I don't think there's a connection between that

[Rickso 768]

11 hours ago, Mandoy01 said:

Hello guys. I am back again.

 

I just want to share this article in this forum. To me it sounds crazy but this article is claiming that the threat of coronavirus is causing the rise of bitcoins value. According to the article the virus outbreak is one of the factors that cause a major push to the recent bullish movement of bitcoin. I have doubts about it but I just want to share it since this thing also is possible since people tend to shift to cryptocurrency when their is war, conflict, economic breakdown and the like.

 

Anyway here is the link and you are free to read the article: https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html

 

Feel free to share your comment and idea on this matter.

 

 

i don't think that the recent bitcoin pump was made because of coronavirus news, i think it is just a coincidence.

probably if this news would have caused a huge movement of the price this would have been a dump and not a pump

[Harris123 281]

Corona virus is fatal.But I don't think that the particular virus can affect the bitcoin.That's why bitcoin will not be effected by Corona Virus.

[Syedbesharat 5423]

13 hours ago, Mandoy01 said:

Hello guys. I am back again.

 

I just want to share this article in this forum. To me it sounds crazy but this article is claiming that the threat of coronavirus is causing the rise of bitcoins value. According to the article the virus outbreak is one of the factors that cause a major push to the recent bullish movement of bitcoin. I have doubts about it but I just want to share it since this thing also is possible since people tend to shift to cryptocurrency when their is war, conflict, economic breakdown and the like.

 

Anyway here is the link and you are free to read the article: https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html

 

Feel free to share your comment and idea on this matter.

 

 

These kinds of article are common but BTC is not in control of anyone BTC transactions are not only made by china it is globally use and can be buy sell on anywhere.So this may be effecting price but not fully.

[rekter 8129]

Just because corona virus is happening at the same time it doesn't mean it has anything to do with btc price action.

[skbo 16]

I see to not mull over Bitcoin has any end product on the coronary virus because it is disappearing to be Bitcoin departure in situation of Bitcoin and coronary virus is personality replaced by coronavirus.
 

[Soaib khan 1035]

I Know china is big country but I think corona virus not affect bitcoin price corona virus nothing to do with bitcoin or crypto currencies.i hope all virus affected peoples well soon.

[shafi123 187]

It has no effect on the cryptocurrency and btc.  Because bitcoin completley banned and chaina has its own bloack chain. 

[Man 741]

13 hours ago, Harris123 said:

Corona virus is fatal.But I don't think that the particular virus can affect the bitcoin.That's why bitcoin will not be effected by Corona Virus.

The fact is true, Viruses and Bitcoin have no effect. If conditions in Whuna-China financial development decline, people will save to Bitcoin. So actually the impact is positive for crypto.

[TasinHasan 421]

Corona virus can't impact on bitcoin directly.

peoples who affect on this virus service a critical life.

also if he is a trader then crypto will miss a traders.

[Muhammad ayyan 811]

Corona virus may impact or may not to bitcoin .it is issue of chaina. And chaina economy may effect due to Carona virus. It may not effects bitcoin. because of  just one country.

[BTC Future 3946]

On 2/2/2020 at 5:36 AM, Mandoy01 said:

Hello guys. I am back again.

 

I just want to share this article in this forum. To me it sounds crazy but this article is claiming that the threat of coronavirus is causing the rise of bitcoins value. According to the article the virus outbreak is one of the factors that cause a major push to the recent bullish movement of bitcoin. I have doubts about it but I just want to share it since this thing also is possible since people tend to shift to cryptocurrency when their is war, conflict, economic breakdown and the like.

 

Anyway here is the link and you are free to read the article: https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html

 

Feel free to share your comment and idea on this matter.

 

 

There is basically no apparent link with events as wars and viruses. Bitcoin can be a hedge in case of a possible bank-run in countries that deal with economic crisis and banks need help from their governments. Creating links with situations as wars and diseases is getting ridiculous and especially the advertising of Bitcoin's price moving up because of the coronavirus is not something positive in my opinion. If there is a link which I don't see then it would be better not to be happy with it as people suffer from the consequences of these events.