Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent? - page 2.

so98nn

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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?

First of all its affecting the fiat market and in turn it has crushed the crypto market. Due to covid-19 situation people are giving importance to health and well being rather than looking at the stocks, bonds and crypto's. This is temporary panic situation which has turned the whole economy upside down.

You never know what is up next as the Covid-19 may worsen if we dont develop cure to it asap.

Both the answer lies in the pandemic situation that we are in right now. If it worsens then there is no point of bitcoin, altcoin stuff neither fiat. Then it would be all about saving our lives.

Regarding your question, its uncertain to think anything about it yet. We need more data on current situation then we might be able to solve it.

suhadi88

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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 government has been working hard to prevent the Corona virus from spreading more broadly. So the government takes a number of policies. Although this policy will have an impact on the global economy. Cryptocurrencies have also been impacted by the Corona virus news.

We believe that this virus is treatable and many people have recovered. So I wouldn't think that this would be permanent. When this virus affects the cryptocurrency and the price plummets. It didn't take long for Bitcoin to bounce back high. And the current price of Bitcoin is $6.274 and this will encourage other coins to continue to grow following Bitcoin.

nikki4

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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?

Without truth nothing is permanent in our world. In history several virus attacked in our world and situation was more worth than now. In few months all world will declare as did China. Also everything will be under control between Bitcoin halving time. For coronavirus stock market situation also bad.

kisfoxs

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The impact of the Covid-19 virus spread is enormous and makes the global stock market slump. And the declining price of cryptocurrencies is also influenced by the Covid-19 virus. A few days ago we saw the cryptocurrency market condition deteriorating sharply. However, we also felt that slowly the cryptocurrency has increased again.

This Virus will not be permanent because many people have recovered. So we don't have to panic with the situation now. Many people suggest for more work at home. And online work is becoming one of the good jobs to work at home, especially doing crypto-currency trading.

inanilujimi

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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.

pikkie

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Quote from: vvu351 on March 21, 2020, 07:00:15 PM

Quote from: MUG1WARA on March 21, 2020, 06:36:53 PM

Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

Unfortunately, we see that the virus acts very strongly on all world markets, including the cryptocurrency market. I hope that the situation will change in a few months.

indeed the current condition of the virus is getting stronger but I see China has found a cure and began mass production and hopefully this virus outbreak will soon be over because of this virus makes many people lose because it makes the world economic conditions collapse.

vvu351

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Quote from: MUG1WARA on March 21, 2020, 06:36:53 PM

Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

Unfortunately, we see that the virus acts very strongly on all world markets, including the cryptocurrency market. I hope that the situation will change in a few months.

MUG1WARA

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Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

Chuky92

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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?

No it is not permanent and never will be but however I can't assume how long it will take to disappear neither can anyone. Yes it is true that this deadly virus is affecting the crypto market as well as other markets but that doesn't mean it will remain that way because the crypto market has survived a lot of bearish moments and in all of these moments it came out stronger. One thing to take to heart is that, as soon as the news and panic about this virus starts coming down the entire world market will recover as fast as possible. As for the crypto market, it has its way of overcoming obstacles.

Moeda

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Quote from: bison on March 16, 2020, 11:01:19 AM

Quote from: Moeda on March 16, 2020, 09:41:44 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?

I think this is only temporary, because Covid-19 is a disease that can be cured. Crypto traders use the Corona issue to get Bitcoin cheaply. The spread of the virus is only due to eating wrong. Like frogs and bats, which contain nematode worms. So, just avoid things that are harmful to your body.

can indeed be cured but can also be deadly. isn't that what makes people worry? You might say this virus comes from animals that are eaten. but when it starts to spread then it doesn't matter whether we eat animals or not. I don't think this is a problem or strategy made by traders in the crypto market. this is purely from a worsening world economy.

Of course this is an economic problem. Every time there are new problems and develop widely, and have an effect on several large countries, it will affect the world economy. But I don't think we need to panic too much. Because someone will take advantage of the problem.

pawanjain

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Nothing lasts forever

"Nothing lasts forever"
Coronavirus has crashed the entire market but the crash won't last for a long time.
As the effect of coronavirus reduces the market will soon start to recover.
I believe that this would be over within 6 months and the market will start to recover by the end of this year.

MWesterweele

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Quote from: Jannyh on March 16, 2020, 10:33:59 AM

The Corona virus saga,is just becoming so serious,I hope the vaccine is gotten. For the dip,it can never be permanent, it's only but time,this phase will pass. I just can't wait for activities to continue,most investors are also on halt as a result of the panic created by the virus.

I guess when Coronavirus vanish, the crypto will accumulate again. Also I know it will not become permanent because surely in the near time they will find solution to fight this virus from spreading. And omce it happpen then possibly the situation of the crypto will going back to normal and rise again for now we should have patient to waiit because it seem it take time before the virus gone.

bison

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Quote from: Moeda on March 16, 2020, 09:41:44 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?

I think this is only temporary, because Covid-19 is a disease that can be cured. Crypto traders use the Corona issue to get Bitcoin cheaply. The spread of the virus is only due to eating wrong. Like frogs and bats, which contain nematode worms. So, just avoid things that are harmful to your body.

can indeed be cured but can also be deadly. isn't that what makes people worry? You might say this virus comes from animals that are eaten. but when it starts to spread then it doesn't matter whether we eat animals or not. I don't think this is a problem or strategy made by traders in the crypto market. this is purely from a worsening world economy.

Jannyh

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The Corona virus saga,is just becoming so serious,I hope the vaccine is gotten. For the dip,it can never be permanent, it's only but time,this phase will pass. I just can't wait for activities to continue,most investors are also on halt as a result of the panic created by the virus.

Moeda

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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?

I think this is only temporary, because Covid-19 is a disease that can be cured. Crypto traders use the Corona issue to get Bitcoin cheaply. The spread of the virus is only due to eating wrong. Like frogs and bats, which contain nematode worms. So, just avoid things that are harmful to your body.

TheClownSong

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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?

I believe that the coronavirus outbreak is only temporary. We still remember the SARS case and the case passed in a few months and I think coronavirus too. The current condition in my opinion occurs because of panic

Lexurdania

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Quote from: Sanitough on March 16, 2020, 03:28:56 AM

Quote from: FanEagle on March 16, 2020, 03:10:04 AM

So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

I am sure I will not belong to the lot of people who will be late, I made sure I have accumulated at this wonderful season given to us believer.
The non believer will easily panic, but they'll also start riding the FOMO once the market is set for big recovery.

What we are witnessing now is due to the panic of corona virus and its effect on the economy, but it's not gonna last a very long time that would destroy our economy, this will be stop soon and the moment it will happen, we will easily see the rise again.

Agree, what we are witnessing today is a form of panic and this is temporary. Vaccines will be found and the market will recover so that accumulating at a time when many coins are cheap, in my opinion is an opportunity to make a big profit in the future.

Raflesia

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_""""Duelbits""""_

Permanent ? I don't think so, this Vrius Corona can be over the next few months. Maybe in April the situation is getting more conducive because it has been resolved because some regions say that this virus can be easily overcome.

For the crypto market there is still recovering we know this is a crisis with the whole so no need to panic with a situation like this, better secure your assets and when the situation has begun to improve then buy some coins that have potential, because in my opinion a virus like this will not too long.

Sanitough

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Quote from: FanEagle on March 16, 2020, 03:10:04 AM

So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

I am sure I will not belong to the lot of people who will be late, I made sure I have accumulated at this wonderful season given to us believer.
The non believer will easily panic, but they'll also start riding the FOMO once the market is set for big recovery.

What we are witnessing now is due to the panic of corona virus and its effect on the economy, but it's not gonna last a very long time that would destroy our economy, this will be stop soon and the moment it will happen, we will easily see the rise again.

FanEagle

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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?

Nah man, this kind of situation is never permanent, it do happen. The price of Bitcoin doesn’t go up steady, there are times it will drop. And the funny thing about what’s happening now is that the price can pump when you least expected it. There are people who have been waiting for a time like this, people who thought they missed out around $3k price earlier last year and they will see this as a good opportunity to jump on the market.

If you’re making use of Coinbase wallet you will notice that the buy rate has increased from 74% to 80%. So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

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