Post
Topic
Board Altcoin Discussion
Re: Chinese Crypto Vs Corona Virus
by
Shimmiry
on 25/01/2020, 22:55:35 UTC
Today is a big celebration day of the Chinese New Year, but on the other hand China is being hit by an epidemic that is the corona virus. So the Chinese government recommends that Chinese citizens do not travel on holidays and they close some tourism facilities to the public.
Even in Japan reportedly there are some shops that do not allow tourists from China to not visit their stores.
From this incident, will this affect the economy of China, especially China and the global crypto world?
https://www.washingtonpost.com/business/economy/global-markets-swoon-as-lethal-virus-in-china-spreads/2020/01/23/a2223898-3dff-11ea-8872-5df698785a4e_story.html

Real life epidemic problems and digital market especially cryptocurrency wouldn't bound onto each other. Both are far different in all aspect. Yet, there is one factor that might affect the virus outbreak and the cryptoworld - it is when many would've been affected by the incident. Cryptocurrency and its volatile market do depend on the users especially those short term/active traders. The vast population of traders and cryptogeeks in China do somehow affect the movement and price of all crypto market, and them being affected would somehow make a dent to the digital currency world.