Topic: Coronavirus crypto (Read 1326 times)
A lot of people in the market started to panic because of the pandemic, which will soon end. But this does not affect the miners who are mining cryptocurrency as before. It seems to me that interest in cryptocurrency as an alternative to Fiat money has only grown recently.
stock and cryptocurrency markets. We all know that. The owner of binance and some analyst said the fall In the price of cryptocurrencies is not due to the virus outbreak the way we thought. But for me, the virus contributed.
Some people converted their money to stable cryptocurrencies at such time of the crises. And this led to further trading of cryptocurrencies for fiats and stable cryptocurrencies because of the cause. And this cause cryptocurrencies to down trend in price. That is why.
Some people converted their money to stable cryptocurrencies at such time of the crises. And this led to further trading of cryptocurrencies for fiats and stable cryptocurrencies because of the cause. And this cause cryptocurrencies to down trend in price. That is why.
The virus just attaches to the whole economy because of the transactions and getting a shortage of the people of supplies and one of those is the use of the oil, foods, and more kinds of the problem into the world economy. But if talk about the cryptocurrency to it takes a lot of damage too there are a lot of people stop their support for the whole crypto because they need some funds to survive their selves money is worthless if you die it is better to save your self because getting greedy on the money. ...
So it actually has an effect but the crypto market especially bitcoin can recover faster than the stock market, oil, etc. This is also caused by high volatility. In these circumstances, everyone will definitely prioritize meeting their daily needs, health needs, and helping people affected by this pandemic. So the investment is not a priority at this time, until a massive sell-off last March. However, when it was handled, the market recovered. 
The true should be told, the entire market was deepened because of the coronavirus and that's what I know frankly speaking. Many experts spoke concerning this that, the cryptocurrency was created to stand this crisis but were disappointed when the crisis struck and cryptocurrency went down with the other market. Though, much have been done to the market but hope to see a good positive movement during this halving and after.
This crisis cannot be controlled by anyone because it is purely due to a coronavirus, therefore many economies have slumped due to the lockdown applied so that many industries and companies cannot run normally so their income is reduced by half.If cryptocurrency becomes the stage of a crisis then it will not pass for a pandemic like this. Almost all countries experience the same thing, so crypto cannot soar when the stock market goes down.
The true should be told, the entire market was deepened because of the coronavirus and that's what I know frankly speaking. Many experts spoke concerning this that, the cryptocurrency was created to stand this crisis but were disappointed when the crisis struck and cryptocurrency went down with the other market. Though, much have been done to the market but hope to see a good positive movement during this halving and after.
This crisis cannot be controlled by anyone because it is purely due to a coronavirus, therefore many economies have slumped due to the lockdown applied so that many industries and companies cannot run normally so their income is reduced by half.If cryptocurrency becomes the stage of a crisis then it will not pass for a pandemic like this. Almost all countries experience the same thing, so crypto cannot soar when the stock market goes down.
The adverse effects of coronavirus have hit economies around the world. Forex market and Cryptocurrency market, The response is only noticeable everywhere. The only bitcoin pumped because of halving and other altcoins not pumped more.
You still can make money with btc even in lockdown.
The question is how to invest. Just buy it - not interesting and not effective. Trading - quite dangerous. Deposit - good compromise, somewhere like gekkoin. Even mining!
The question is how to invest. Just buy it - not interesting and not effective. Trading - quite dangerous. Deposit - good compromise, somewhere like gekkoin. Even mining!
The virus just attaches to the whole economy because of the transactions and getting a shortage of the people of supplies and one of those is the use of the oil, foods, and more kinds of the problem into the world economy. But if talk about the cryptocurrency to it takes a lot of damage too there are a lot of people stop their support for the whole crypto because they need some funds to survive their selves money is worthless if you die it is better to save your self because getting greedy on the money. Some of them use their funds to buy a lot of things they need because some places made a lockdown and under quarantine, to avoid the virus getting spreading which is a good idea. Today some of the countries are totally recovering which is a good sign and some of the investors today back to the world of crypto and the price of the coins today reaches now over 9k and by the help of the halving, it increases the chance that the coin will blow up and gives us a good market income.
We have encountered some failures, because bitcoin is still unstable to such crises. Very few people use it to dispose of this currency as Fiat money for purchases of food and basic necessities.
Just think of a plain picture, bitcoin price was good until the end of February even the virus is already in China in December 2018, and the bitcoin price plummeted when there is a proclamation of quarantine in many countries, in that picture you could simply assume that people has been covered with fear and they sold their asset to buy a longing necessites.
Then how can you explain that the price quickly regained?
It is true that there are some of those people that panicked, but are those people really panicking about the fact that there is a pandemic? We don't know if they are just scared of what may happen or affected but obviously there are those that sold theirs because of the essentials they need to buy, for the sake of their safety from the virus. Can we really say that all of those people panicked and sold because of the pandemic? As an investor, knowing that people would be doing the same, you would be riding the bus early, right?
This virus affect a whole lots of stuff when it comes to online and offline business not to talk about crypto and stock market, the market situation now can't beat this Corona virus pandemic, till a way out is pronounced.
What I find amazing is how interconnected it all is, this real world phenomena changed the way we behaved online (stock market crash, bitcoin sudden crash), but also our online planning to stay inside affect greatly the world outside, it's just fascinating to be living in such interesting times.
The true should be told, the entire market was deepened because of the coronavirus and that's what I know frankly speaking. Many experts spoke concerning this that, the cryptocurrency was created to stand this crisis but were disappointed when the crisis struck and cryptocurrency went down with the other market. Though, much have been done to the market but hope to see a good positive movement during this halving and after.
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
Maximum peoples of the world are passing difficult time for COVID-19. Daily thousands of people are going to die. Always peoples are watching news about death and attack of COVID-19. All time they are panicked. So I think crypto is not well resisted to the crisis now.In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
Hey, I was wondering, how will the crypto market react to the virus?
The virus did not affect the cryptocurrency directly unlike other investments.
As people would say that the pandemic is affecting the price of Bitcoin but not directly. As there are people that would be selling their Bitcoins to give their needs in this lockdown, there are those that buy so they would be ready with the halving that will happen. The proof of it is when the price dumped to $4K and just after days, the price went back to $6K. Another note here is that the pandemic is not the one responsible for that dump.
Just think of a plain picture, bitcoin price was good until the end of February even the virus is already in China in December 2018, and the bitcoin price plummeted when there is a proclamation of quarantine in many countries, in that picture you could simply assume that people has been covered with fear and they sold their asset to buy a longing necessites. 
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
I'm already tired of arguing this with some people. If you ask me I would say that bitcoin was affected but some people would say that's a lie, that it wasn't affected, rather they will look for other things to link the price decrease with, but I am not going to believe that.In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
Someone once said that the main reason the price of Bitcoin fell was because of the oil price war, and then another person said that the price decrease was as a result of the quantum computer that was announced, and tried to prove it by linking with the past event of what happened when it was first announced. There are also people who say that the fall was caused by the PlusToken scam.
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
COVID19 has no effect on the crypto market
People spat out non-sense comments without even explaining why. When you read the entire thread, several people have already indicated that COVID-19 has a limited impact on the crypto market and it seems to be accurate.
It's not a coincidence, it's all 'cause of the pandemic.
Actually for some reason people thinks that there's no direct impact since crypto is separate to the other issues but the sad reality is it's really affected the same as the on the other commodity since the current pandemic creates panic to the people to secure their fiat and few investment are running and money flow is not the same as the normal days since people are in hoarding state.
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
COVID19 has no effect on the crypto market
People spat out non-sense comments without even explaining why. When you read the entire thread, several people have already indicated that COVID-19 has a limited impact on the crypto market and it seems to be accurate.
It's not a coincidence, it's all 'cause of the pandemic.
COVID19 has no effect on the crypto market
What's the reason, boy?While all people stated that the negative trend on crypto market was caused by Covid-19, you even denied it. It's interesting to know your own theory, please tell us, boy!
In my own view, indeed Covid-19 brings effects to crypto market. Look at the fact! Since Covid-19 spread around the world, the values of crypto coins/tokens are getting down. Moreover, it may ruin the positive trend on Bitcoin halving as many people doubt it if Covid-19 still continues.
Do you still think there is no impact on crypto market? @camport
Hey, I was wondering, how will the crypto market react to the virus?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
In this regard, I found the article about it, https://cryptogeek.info/en/blog/coronavirus-reveals-cryptocurrencies-are-crisis-resistant, it says, that crypto is well resisted to the crisis, what do you think? Is that true?
COVID19 has no effect on the crypto market
It is not true that crypto is resistant to crisis, because crypto like other investments is affected by the corona virus as well. The proof is
the price of bitcoin had dropped to $ 4000, followed by the price of altcoins which also dropped. But the advantages of cryptocurrency
compared to other investments cryptocurrency is recovering faster, it is proven that cryptocurrency prices have now started to rise.
the price of bitcoin had dropped to $ 4000, followed by the price of altcoins which also dropped. But the advantages of cryptocurrency
compared to other investments cryptocurrency is recovering faster, it is proven that cryptocurrency prices have now started to rise.
It is true that it is not resistant but that drop is not majorly because of the pandemic.
The proof is that despite the pandemic starts, the price increased two times. The first one is when it reached the price of $10K and the second one is when the price dropped to $4K, the price quickly recovered to $6K. That drop also was caused by the movement of the scammed Bitcoins to mixers, though it is true that the price is affected in a way by the pandemic as there are those people that sold their BTCs as they needed it.
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