Post
Topic
Board Altcoin Discussion
Re: Chinese Crypto Vs Corona Virus
by
Obito
on 26/01/2020, 13:02:46 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
I don't think it can affect the cryptocurrency industry as a whole, because first you didn't required to go anywhere before you can make any transaction in crypto, except if you buy something using crypto, But it will affect the chinese tourism industry for sure, while the government of china is doing everything they can to contain the epidemic so that it won't spread further. on the other hand most countries in world are already aware in the situation that's why all of them is doing measures to prevent the Corona Virus reaching to their respective territories.

Agree, and the problem revolves around the disease itself. The disease might be somehow becoming larger and larger. It is still tolerable as China, and other countries are making their response with the said disease. People are still free to wander and buy things. It is not like what could possibly happen on the potential WW3 that is totally alarming as people tend to buy and save stuff.