Crypto is not in healthy state yet - page 3.

SirLancelot

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

Around February when the outbreak started, I got news from Cointelegraph that mining of Bitcoin was stopped in China. I don't know if they have started the mining of Bitcoin again, I really need to update myself on that. But despite everything that has happened the cryptocurrency community is still growing and things are working as normal.

I have not had any problem with my transactions and the price has been able to recover a bit after falling to around $3,000 price, and it has remained stable at $6,000, and recently got up to $7,000. Whatever has happened is not that critical, and things will get better.

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Quote from: Enrique Malchow on April 16, 2020, 04:35:50 AM

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

Do not immediately assume that now is the right time to buy crypto, because every investment that always has a risk that is not small even on a large exchange, you must be really careful in terms of any investment at any time.

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most of the people trying to invest in crypto. market is down it is the right time to buy crypto

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

Nah, that's not going to affect cryptocurrency in a large scale. Conferences can be cancelled or re scheduled and that might not change the market condition even if it's not cancelled (live video conference is possible).
While production of mining hardwares will not also affect the mining production because miners do already have their existing hardwares that's running the rig. Upgrades won't be necessary at this situation anyway.

Lastly, the market indicates a healthy movements when the price is moving sideways.

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Quote from: michellee on April 16, 2020, 12:37:06 AM

Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.

It is just pure speculation , I'm sure that most of us are still not sure on what will happen after the halving. The current market is still not in healthy state because we can see that in the chart where lower higs and lower lows that are keep forming and it is sign of weakness. We should manage our risks very well especially if we want to survive in this kind of situations. The market will become healthy again but we need high patience because it takes time.

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Quote from: cryptonewbie on April 15, 2020, 07:26:23 PM

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

CRYPTY faced a big dump last month caused by covid and that's the fact but the thing that makes crypto can go back again to the previous rate caused by the urgent adoption that comes from the country that was getting crisis caused by covid. If the situation will even worst in the future and i don't think we will get another possibility to get back again.

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

how good is this ? lol no its not good . rather you should say how bad it was .

bad in the next level obviously , we know that mining equipements are important because if without miners our transactions can take a long time to process and also miners need to update from the latest mining equipment to able to continue mining . the other one is crypto conference we need that too to spread awareness on crypto and to make crypto more indemand . ico's need that too .

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Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.

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Its not just crypto that is not healthy but all markets today are not making its way up. If its going to take few more months and ignoring the effect of halving, its gonna be dooms day even for BTC. Very unfortunate for people who has not save anything for this hard times. The only who will survive are the ones who don't rely on money but the goods they have in farms.

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Quote from: cryptonewbie on April 15, 2020, 07:26:23 PM

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

It's been 4 months since the first case happen about this virus and it's still spreading all over the world. It's dump for a while but immediately recover after a month of rallying and even global economy is dump also. As you can see, it's back to more competitive price over the market. I'm very disappointed that a lot of crypto events that possibility of adoption would happen if it's not cancelled because of this pandemic.

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Quote from: cryptonewbie on April 15, 2020, 07:26:23 PM

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

Really? Most of cryptocurrencies went down for more than 20% because of this covid-19 crisis, it's a huge dump in just short span of time. It's good for you to actually save the investments, but other people would suffer the most especially those people that have big assets.

cryptonewbie

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Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

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Quote from: AliMan on April 15, 2020, 05:38:44 PM

Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

There's no certain halving yet to expect until we will survive with the current economic crisis. The slow movement of crypto price still the effect of an ongoing pandemic which really made people panic on their finances. That's normal scenario to consider and we can't prevent that to happen, since most traders relied on their financial independence particular on trading different types of crypto. Let's stay focus and observant with the ongoing developments, don't let fears control but rather have courage to survive even though the problem still present these days.

Even though there will be a halving that will happen, we should not expect that the price will grow so much because we are still facing big crisis. This crisis makes all of the financial market to collapse. In the cryptocurrency, there is still high selling pressure and it indicating that the market is still not healthy. For those who want to trade while bearish market is still occurring, manage your risks very well especially if you want to survive in the current market challenges.

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Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

There's no certain halving yet to expect until we will survive with the current economic crisis. The slow movement of crypto price still the effect of an ongoing pandemic which really made people panic on their finances. That's normal scenario to consider and we can't prevent that to happen, since most traders relied on their financial independence particular on trading different types of crypto. Let's stay focus and observant with the ongoing developments, don't let fears control but rather have courage to survive even though the problem still present these days.

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Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak.

Heath is more associated to how stable the market yet and I think the market is not so stable and there is a big threat that the market will be dump in the future, yes, due to covid, there is a doubt now for investors but surely we can get through this situation.

Quote from: Ezravdb on April 15, 2020, 03:21:27 PM

However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

BTC's halving will have more impact that BTG, but I can't tell if its really gonna be bullish going to that schedule as like I said above, there's a threat which is the covid-19 or the pandemic.

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

We should rather be asking "is crypto holding on better than other relative markets/industries?"
If we compare it to online movie theaters like netflix - crypto is losing for sure, but that's not relative at all
So the answer to my question is - hell yeah man, crypto businesses has to pay way less rent so they are not in deep ass like other relative industries' businesses

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Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

I think using the word "healthy" for crypto currency will not make your intentions clear.
Instead of using unhealthy, lets just say crypto currency remains volatile, and with the pandemic all over the world; crypto currency volatility is inconsistent which has led to more bears than bulls.

And this is a reason why, as traders or hodlers, we must be at alert and also be ready to learn and relearn.
Always do your own research, all the time.

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

At some point, bad, specifically for stuff like conferences and such that requires someone to be present in such room. But looking generally there were still good things that this lock down brought in a crypto space. As mentioned by everyone, some people had some change of pace to generate income. And I am pretty sure that people who have lost their job temporarily went into this space, and yes an addition of a new enthusiasts are yet to grow in this community and that is a good thing. Well, about market thing, stuff there are quite messed up specially when community panic is at its peak. But eventually, when everybody seemed to calm down some people went back to buy crypto that's why market had few pump to $6k. Much better than $4k, right?

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Quote from: Kvalentine on April 12, 2020, 02:49:52 AM

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

The real question should've been, "How bad is COVID19 for everyone?" The dicey situation right now isn't just a crypto thing. It affects all strata of businesses. With social distancing and lockdown I doubt any safety conscious person will blame anyone for cancelling or postponing conferences and meet-ups. I guess majority of us are now thinking — Let the world survive first then we talk about businesses later.

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