Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent?

key4co.in

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Quote from: BRODIN on May 11, 2020, 01:19:44 PM

not permanent. provided the corona virus outbreak can be resolved immediately. but as we know that some countries affected by the corona outbreak began to recover and the people were able to work again. so I don't think this is permanent

The corona virus effect has reduced in crypto market, right now the effect is almost negligible compared to March. If things go back to normal, maybe after a medication or vaccine is created to eradicate this pandemic, we won't have any reason to fear uncertainty of what effect the pandemic will cause. Obviously it's not a permanent effect, but I believe the crypto market will do better if there are no pandemic tensions globally. Imagine people who lost their jobs due to the virus, selling off a reasonable part of their crypto holdings to take care of themselves.

Shallow

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Comparing Corona virus then and now, there is no reason not to believe the crypto space is regaining not too fast but slow and steady. What to know is that, this virus didn't only affect crypto market but other markets so the dump in crypto market was understood because there was panic , anxiety, fear etc everywhere in the world and the market reacted as such but nowadays there is a turn in the market hence the reason there is favourable market and good growth. So to answer the question, I don't think it will last long, because people are already adjusting and doing their thing the way they want. Lastly, this virus is a world problem and all will be done to ensure there is a vaccine sooner than later.

BRODIN

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not permanent. provided the corona virus outbreak can be resolved immediately. but as we know that some countries affected by the corona outbreak began to recover and the people were able to work again. so I don't think this is permanent

mdzahed134

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

COVID-19 is the biggest obstacle to sustain on the majority of countries specially jobless people's. Not exactly, you can't specified by timeframe but it's almost sure this pandemic period will not recover very soon as far as medical science reports, at least in the year we have to face the difficulties.

Vishnu.Reang

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You guys need to be patient. This was the same sentiment we had in 2014/15 and even in 2018. A lot many of the analysts and experts had written off cryptocurrency back then. But it came back strongly. If you remember, those who invested in 2015 got almost 100x returns by 2017 December. Even those who invested in 2018 got more than 4x returns in a few months. Just be patient, and another pump may be just around the corner.

Samayuki

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This virus can't be permanent for sure but it will do unspeakable damages if no care is detected sooner, many will be forced to sell their coins to sustain and this will bring more damages

PANK21

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

This is not permanent! Im sure of it. Once the corona virus crisis has ended this will all be back to normal or even better. Obviously this crisis will affect the crypto market and all the people using cryptocurrencies but that doesn't mean that this will be permanent. There are no crisis that lasts forever and this will be all gone after some time , maybe 6 months or so. I think we can all agree that bitcoin will rise up again after this crisis is over.

aemma

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Am human so I can hardly predict but however from my own opinion and how things are working out, I would say it is not permanent. The reason is this, this particular virus is causing a devastating effects on the entire world to the extent countries are now imposing stricter rules to curtail its wide spread. Therefore with the current situation it is possible to assume that every country is taking steps to come up with a cure and at this rate, that shows there will be cure and this virus won't be permanent. With the virus gone or with the announcement of a possible cure for it, there will be a huge price turnaround in the crypto market as well as other markets while taking into account that emotions is one of the traits of the crypto market.

lienfaye

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Some of us are worried about how the market will be look like after few months and this kind of question often ask to crypto enthusiasts of investors that has doubt about the status of the market.

Well its not a permanent scenario however we cant certainly predict the market on the next days. I think one thing is for sure, if each country already overcome this crisis everything will be back to normal and its same for crypto market.

So dont panic and wait for that moment because it will surely happen but with no specific time frame.

conected

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Quote from: Eugenar on March 22, 2020, 05:16:53 AM

Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.

It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.

- Corona's influence on crypto is probably just a small part, it's not a devastation so big as many people think because crypto has had a great year, adjusting to expect higher prices is what crypto should do, the recent collapse is a correction, the virus was just a coincidence that appeared at the same time with correction, making the market a bit worse but in general, the price was still stable as planned. There is no permanent and irreversible damage when the government will gradually solve economic problems, which is obvious when the price of bitcoin returns in the previous days

Crypto_lion

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I don't think the wealth erosion that we are seeing in crypto and other stock markets and even the price of gold is permanent. It is always likely to happen when there is some problem just like the housing crisis.people and big investor are withdrawing their cash and they will be back in when they feel there is a good chance of recovery soon.

Ngoukan

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I haven't seen any crisis situation that lasts forever. Its having an impact on cryptocurrency market, yes but that's not to say it will go on like this for a long time. Governments of different countries are already fighting hard to contain and stop the crisis. Soon everything will bounce back.

Bububoyeer

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This effect on the market definitely can not be permanent. Once the crisis of corona Virus dies Dow, I believe the market will regain volume and even more than expected. Come to think of it, I haven't seen any bad effect on the market yet. The price we have now is still within what we had before the virus came.

Ozero

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Quote from: Eugenar on March 22, 2020, 05:16:53 AM

Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.

It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.

Due to the need to be quarantined in isolation, people were preparing for this and therefore purchased food and basic necessities. Directly for cryptocurrency, it’s quite difficult to buy all this, so it was sold on the exchange and it was falling in price. Therefore, bitcoin fell to $ 5,000. Now the price of bitcoin has already begun to rise slowly. If the epidemic of the coronavirus does not last long, then it may still be good, but if the fight with it drags on, the situation will be unpredictable.

Eugenar

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.

It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.

Stanlo

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Let's pray it won't get out of hand but even presently crypto seem recovered but not enough compare to when or if Coronavirus vanished into thin air, I'm not satisfied with present crypto market, not until the virus is gone

YOSHIE

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

if you think of one thing in particular v corona which is currently so fast attacking people in the world and also influencing especially the cryoto market in general that has been seen from the history of the ancestral century, obviously this is not permanent, it can disappear and come.

If it is time for people to be declared able to get out of their activities again all crypto markets will improve as before, now this can only wait, now this can only wait, do not know, how many months, years later this phenomenon can be normal again.
The point is; all this will pass and conditions will return to normal.

julius caesar

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Quote from: _xNyx_ on March 13, 2020, 04:13:52 PM

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

The crash will not gonna be permanent. Sooner or later the said virus will be gone and the economy of our country will go back where it is before. Lets just hope that the virus will be gone faster so that we have a lot of time to recover before the halving happens. Crypto will rise up again don't worry. It happens to crypto before and it will for surely survive this kind of crisis.

verita1

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Coronavirus is affecting the world economy and we do not know what its magnitude will be because the pandemic has not stopped. After the Coronavirus is controlled, we are going to accurately quantify all the damage it has done. That is my point of view but the most important thing is that humanity is still in danger, we urgently need the vaccine against the virus.

Kupid002

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Quote from: inanilujimi on March 21, 2020, 10:23:48 PM

if this is permanent is it possible that people who have recovered and declared healthy can be affected again ??
the death rate caused by covid -19 is not too large when compared to the SARS virus, if I see from the media more people are recovering than those who die. maybe this is only temporary and not the end of everything.

there are explaination already in the web https://www.independent.co.uk/life-style/health-and-families/coronavirus-immunity-reinfection-get-covid-19-twice-sick-spread-relapse-a9400691.html?amp . If you made to recover from virus your body will be immune to that virus. You will not be infected again but they dont give exact time how long you will be immune on that virus.

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