Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
Lanatsa
on 29/01/2020, 14:40:34 UTC

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.
I think no connection in BTC increase since some can use online banking if they prefer a electronic transaction to avoid contact unless those affected regions were crypto friendly but since it was China I believed it's not the reason  maybe still about halving or just a slight effect of epidemic from other country other than China.
People are just way overacting too much when connecting an epidemic to current markets its either on crypto or forex/stocks.

Just like on what others telling here that i dont see for it to affect the market.It might create some panic but wont really come to that certain extent.