Quote from: slaman29 on January 31, 2020, 10:52:36 AM

Quote from: EdenHazard on January 29, 2020, 03:53:00 AM

That's indeed shows how coronavirus fears hit everyone in the financial market include that oil king ...

Shares... stocks market etc are now hot shaking.
It won't last long , it's just a temporary fear and everything would reflected to normal where it should belong.
These fundamentals rumours more to a bullshit that what trader needed in order to get some profits from the bad weeks .

I get how coronavirus fears hit stocks especially those companies that really rely on travel and on imports from China, etc.

But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?

because bitcoin is considered an asset that would retain it's value in catastrophic situations, like gold for example, in case of a war happening, gold its a safe way to preserve your patrimony, same for btc.