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Topic: Covid-19 Question (Read 1495 times)

member
Activity: 798
Merit: 14
June 12, 2020, 09:36:07 AM
Coronavirus affected technically every sphere of life cryptocurrency inclusive. Remember at the wake of the virus, Btc dropped to 4k zone as well as other top cryptocurrency. The effects are loosening up and everything will soon be back to normal.
member
Activity: 224
Merit: 10
June 12, 2020, 09:26:20 AM
Corona virus affected US the most with their 5000 new cases per day and that has caused a lot of country wide panic that has crashed a lot of their markets. with that panic many bitcoin holders feared a drop like that so they started panic selling.
we all know that whenever bitcoin drops, altcoins dump 10 times harder which is why you see cryptocurrencies dropping this much. however COVID-19 has nothing to do with bitcoin which is why bitcoin price went back up.
and again we all know that whenever bitcoin price rises altcoins get dumped again which is another reason for altcoin drops.

actually i just feel that this corona crisis will actually help the price of bitcoin to increase using online payment .its the best solution right now if you dont want to use fiat money and dont want to be infected there is also things saying that fiat money can also be a cause of transmiting the desease to other people.
But the thing is bitcoin is still not globally accepted. Like in the US there are some parts of America still don't legalise bitcoins same thing in other regions of Europe and Asia. Some people still prefer using bank credit/debit card as it is more convenient and you can use it anywhere and whenever you like.
member
Activity: 430
Merit: 10
terra-credit.com
June 12, 2020, 08:08:29 AM
Coronavirus help cryptocurrency to introduce it more around the world and it help open the eyes of the governments how important the digital currency is. I saw some news on tv and social media about governments planing to create and use digital currency for cashless basis.
for using crypto and blockchain technology it might get better. but nowadays the market conditions are more difficult. You can see updates from bitcoin which I think could be a pretty good pump, but in reality, nothing happened. even some updates from the project were also postponed. this is very bad for the crypto market.
full member
Activity: 406
Merit: 100
kingcasino.io
June 12, 2020, 08:04:39 AM
Coronavirus help cryptocurrency to introduce it more around the world and it help open the eyes of the governments how important the digital currency is. I saw some news on tv and social media about governments planing to create and use digital currency for cashless basis.
full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
June 12, 2020, 07:38:43 AM
In this poor state of the economy, people are overwhelmed, and the Corona virus has spread in every country. At this time, the status of the blockchain cryptocurrency market is also very high, most of the trade-offs have been announced. As a result of the virtual business emergencies, traders have been stagnant.
When coronavirus began to spread outside China, it became clear that COVID-19 was no longer an internal problem in China. Once the epidemic hits other world powers, the first few blockchain conferences were cancelled immediately and the cryptocurrencies had begin to fall. However, it won’t be the end of crypto.
I also think that this is not the end of cryptocurrencies. I even think that this is an opportunity because during the epidemic there is no more reliable and convenient payment tool for some goods or services between countries than cryptocurrency.
full member
Activity: 364
Merit: 105
Dolphins Finance TRUSTED FINANCE
June 12, 2020, 04:32:23 AM
In this poor state of the economy, people are overwhelmed, and the Corona virus has spread in every country. At this time, the status of the blockchain cryptocurrency market is also very high, most of the trade-offs have been announced. As a result of the virtual business emergencies, traders have been stagnant.
When coronavirus began to spread outside China, it became clear that COVID-19 was no longer an internal problem in China. Once the epidemic hits other world powers, the first few blockchain conferences were cancelled immediately and the cryptocurrencies had begin to fall. However, it won’t be the end of crypto.
full member
Activity: 431
Merit: 108
June 12, 2020, 04:30:13 AM
Many of us are talking about different ways to trade in this epidemic, I don't know how much of those methods will work. But I don't think that will work. Because it takes a lot of time to get the whole world out of the horror called Corona. Hopefully the passage will happen very quickly.
Coronavirus has a negative impact on the industry, tourism, trade, stock markets, and of course, cryptocurrencies. The sudden price drop is not only a shock to the market, but also a challenge for crypto exchanges. We really don't know when will it end and if there are a vaccine already, but we must be patient it will be back to normal.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
June 12, 2020, 03:45:58 AM
At first, I mean during the time the pandemic was severe, many people took different decisions for their own good and betterment such as selling to USDT or fiat and every action then, I think was understandable. However, nowadays, it seems people have understood that in fact the crypto space is different which I think the result is in the encouraging way the market has been for the past weeks. Therefore what I think of all these is, although there haven't been any vaccine yet, people have refused to allow the pandemic limit them from doing certian things like looking for a way to sustain themselves etc, thus sooner than later activities will be back to normal in the world while the hunt for a vaccine still continues.
member
Activity: 160
Merit: 10
May 12, 2020, 03:30:37 PM
Many of us are talking about different ways to trade in this epidemic, I don't know how much of those methods will work. But I don't think that will work. Because it takes a lot of time to get the whole world out of the horror called Corona. Hopefully the passage will happen very quickly.
sr. member
Activity: 1610
Merit: 264
May 11, 2020, 10:47:23 PM
Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?
Things are getting back to normal I guess Roll Eyes. At the start of this year the price of Bitcoin was affected and that’s why it fell to a lower price.And it’s not just Bitcoin that was affected by the pandemic, a lot of other cryptocurrencies got affected. But the market has been recovering as of recent, and a recent article on Coindesk is signalling that there might soon be a FOMO and the price will go very high above the current.

At the present time I am drowning in excess of the damage caused by the corona virus. It's a very bad time, no one knows when this situation will end, when will the COVID-19 epidemic end? When will the coin market be normal again ??
Nobody knows when the Covid-19 pandemic is going to end. There are lots of people who are fighting towards that, and a lot of scientists in different countries are fighting hard towards finding the cure to the Coronavirus. The vaccine that is being talked about would take a lot of months before it’s released.
Everything's gonna go back to normal for sure. We're already seeing Bitcoin going back slowly to 5 digits even though it already had one day.
We should focus surviving this pandemic instead, and market will follow.
This time it is the market that'll follow us in this situation.
full member
Activity: 812
Merit: 100
May 11, 2020, 09:34:24 PM
Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

It should have affection on crypto because COVID-19 disease have great impact on the economy of the country which suffering from it.
The more peoples suffer from covid-19, the more money will be needed to cover them, so it is affecting cryptocurrency market indirectly.
jr. member
Activity: 81
Merit: 1
May 11, 2020, 02:37:16 PM
In this poor state of the economy, people are overwhelmed, and the Corona virus has spread in every country. At this time, the status of the blockchain cryptocurrency market is also very high, most of the trade-offs have been announced. As a result of the virtual business emergencies, traders have been stagnant.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
May 04, 2020, 01:55:35 PM
At the initial stage, it affected stock market and gradually crept into crypto which lead to a massive dump then but gradually most people got the hang of it and focused on crypto since it offers better alternatives and opportunities than stock markets. Even at that though, people are still selling their crypto to hold fiat for many other reasons. Either way we see it, it still affects everyone in one way or the other thus we can only be patient, play our own role and hope for a possible cure soonest.
member
Activity: 129
Merit: 10
May 04, 2020, 11:44:54 AM
Everyone should think differently to protect the crypt platform from COVID-19's hands. Let's find out new ideas and shape them into reality.
full member
Activity: 1050
Merit: 100
May 01, 2020, 01:41:43 AM
At the present time I am drowning in excess of the damage caused by the corona virus. It's a very bad time, no one knows when this situation will end, when will the COVID-19 epidemic end? When will the coin market be normal again ??
Stay patient and always try as much as you can, because complaining about this bad situation will not immediately change it to be good, so stay patient and always try as much as you can at the work you love.

not only you but everyone is experiencing it, we can only hope that it will all be over soon and scientists will soon find a vaccine for this virus
Yes, and so far no one has found a vaccine for the Covid-19 virus, it's just a way of handling it that already exists and is able to be done by everyone.
full member
Activity: 1050
Merit: 100
May 01, 2020, 01:35:03 AM
At the present time I am drowning in excess of the damage caused by the corona virus. It's a very bad time, no one knows when this situation will end, when will the COVID-19 epidemic end? When will the coin market be normal again ??
not only you but everyone is experiencing it, we can only hope that it will all be over soon and scientists will soon find a vaccine for this virus
hero member
Activity: 2828
Merit: 611
May 01, 2020, 01:06:22 AM
Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?
Things are getting back to normal I guess Roll Eyes. At the start of this year the price of Bitcoin was affected and that’s why it fell to a lower price.And it’s not just Bitcoin that was affected by the pandemic, a lot of other cryptocurrencies got affected. But the market has been recovering as of recent, and a recent article on Coindesk is signalling that there might soon be a FOMO and the price will go very high above the current.

At the present time I am drowning in excess of the damage caused by the corona virus. It's a very bad time, no one knows when this situation will end, when will the COVID-19 epidemic end? When will the coin market be normal again ??
Nobody knows when the Covid-19 pandemic is going to end. There are lots of people who are fighting towards that, and a lot of scientists in different countries are fighting hard towards finding the cure to the Coronavirus. The vaccine that is being talked about would take a lot of months before it’s released.
member
Activity: 153
Merit: 10
April 30, 2020, 09:01:20 AM
At the present time I am drowning in excess of the damage caused by the corona virus. It's a very bad time, no one knows when this situation will end, when will the COVID-19 epidemic end? When will the coin market be normal again ??
jr. member
Activity: 79
Merit: 1
April 30, 2020, 06:55:29 AM
At present, the Corona virus is the name of a panic that has spread throughout the world as pandemic has prompted the government to order people to stay in their homes. The daily activities of the people are stagnant as the economy is having adverse effects. The common people are desperate to escape their respective positions. Therefore, they are becoming more terrified and are creating a crisis by buying medicines along with over-the-counter foods. That's not a good point at all. The government of each country should stand beside the poor people in their own country. But still, the crypto market seems to be taking a good stand more than other markets, which is also good to start with new adoption .
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
April 07, 2020, 10:42:30 AM
#99
Economic situation affects the cryptocurrency market indirectly. Due to the pandemic cryptocurrency holders were forced to sell their crypto since most had been laid off from their job. People need emergency funds during this pandemic. Of course this will cause panic to some holders as well.
No, the economic situation is not what affected cryptocurrency for it the current pandemic situation that affect cryptocurrency and it is was the economic crypto currency wint have experience the current surge momentum we're seeing now.


I think there was a small impact on crypto but not that big, I think people now are afraid to use cash and in future will consider an alternative payment option, digital money.

In any case, digital money will become the trend of the future, and the point here is completely not the virus. It is corny to us so convenient.
The virus only reveals the problems of current systems that we don’t see when everything goes well, and our systems are not exposed to stressful effects.
The covid 19 virus does expose the vulnerability of the fiat currency and the economic and i guess this was what Kiyosaki see coming when he positive statement about bitcoin to be the better option.
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