Bitcoin during pandemics

[PALM]

Been seeing a lot of post about the COVID-19 and how it affects different markets like stock, oil and cryptocurrency
but I wonder if these things are just now or it happens every time there is a pandemic disease like this.

[Mr. Cid]

Been seeing a lot of post about the COVID-19 and how it affects different markets like stock, oil and cryptocurrency
but I wonder if these things are just now or it happens every time there is a pandemic disease like this.

COVID-19 disease has spread like wildfire. The most affected commodity is the Oil. It has rapidly falling. People are staying at home. Most of the establishments are closed. Bitcoin's value has remained stable since last week.

[AbdulShiek]

During this Bitcoin most of the trading currencies have been moving up side down except fro Bitcoin. As of this writing, the value of Bitcoin has increased by 0.76 percent. Bitcoin is getting stronger and as a trader, I suggest to please hold your position.

[Alexthedefender04]

it is not COVID-19 that has affected bitcoin price, it has never been because there simply is no relationship between the two. it is literary every other market that has been dumping and the fear that the weak hands had thinking there should be a dump in bitcoin too so they jumped the ship. with whale manipulation accumulation on top, we've got ourselves a big crash Smiley

[Sendo12]

it is not COVID-19 that has affected bitcoin price, it has never been because there simply is no relationship between the two. it is literary every other market that has been dumping and the fear that the weak hands had thinking there should be a dump in bitcoin too so they jumped the ship. with whale manipulation accumulation on top, we've got ourselves a big crash Smiley

This is a good analysis. There is really no direct effect. However because of how greatly this pandemic has affected the global market and economy, it has incited a movement among the investors which in turn has affected the value of Bitcoin.

[Trader_Rob]

This is a good analysis. There is really no direct effect. However because of how greatly this pandemic has affected the global market and economy, it has incited a movement among the investors which in turn has affected the value of Bitcoin.

Interestingly, Bitcoin still hasn't plummeted in value despite the crisis. It is still able to handle the market instability.

[sashavich04]

Previous pandemic diseases cover mostly in someplace like ebola in congo and in other parts where fine even the nearest country like Tanzania no even a single case of ebola there, it quit different with this disease COVID 19 how it spread very fast and widely, but what we forget in such situation people tend to use money and buy staff to stay cautionry no matter how and it worth or not and as you understand china people with crypto and bitcoin, probably many chines sold for cheap to cover expenses on the situation,

[AbdulShiek]

Previous pandemic diseases cover mostly in someplace like ebola in congo and in other parts where fine even the nearest country like Tanzania no even a single case of ebola there, it quit different with this disease COVID 19 how it spread very fast and widely, but what we forget in such situation people tend to use money and buy staff to stay cautionry no matter how and it worth or not and as you understand china people with crypto and bitcoin, probably many chines sold for cheap to cover expenses on the situation,

COVID-19 has gained the attention worldwide. Most of the establishments have stopped their operations. Some countries have closed their borders. Many people have been hoarding essential things. The frontliners have been fighting to flatten the curve. Some of the trading currencies have been bouncing up and down. Nothing is stable.

[Newbie_trader]

The price of the Bitcoin remains stable despite of the pandemic. I have been observing its movement since last week, and all I can is it has never been affected by the current situation so far.

[darexgeorgieviya04]

MERS epidemic was small, so it didn't affect the markets much. Same goes for Ebola - the fact that Bitcoin dropped during that time is a coincidence, as Bitcoin was experiencing a bubble that popped at that time. Now the recent crash was different, because it caused a real panic on stock market, since all countries were taking drastic measures that hurt their economies. Bitcoin was always a risky asset, so this time when things actually got serious, investors started selling it, which triggered a big crash.