Topic: How corona virus affect on the Crypto world? - page 2. (Read 718 times)
After a pandemic, the world will change and willn't be the same. People willn't be careless and will accumulate funds in reliable assets. Cryptocurrency gives anonymity and independence from total control. Decentralization saves everyone's personal space.
I think the corona virus really has an impact on this earth because what I think is that the corona virus has ransacked the world market like trade, factories, etc.
but I think for cryptocurency it might not have too much impact, but that's in my opinion because I think the world of cryptocurnecy can be done anywhere at any time or at a time like this where in various countries it is required for pyhsical distancing or work from home
but I think for cryptocurency it might not have too much impact, but that's in my opinion because I think the world of cryptocurnecy can be done anywhere at any time or at a time like this where in various countries it is required for pyhsical distancing or work from home
of course this will have an effect, because there is no revenue, of course, it will certainly have an effect on cryptography, some people will try to negotiate because activities outside the home are prohibited, but some people will use their money for living than use it for invest or trading on crypto.
About the dumping of the market they have possibility but there still chances also dies not effect this of what is happeing in the crypto.
Corona virus is we wanna end as soon as possible because it's affects our daily lives our jobs and daily activities and those investors who have work maybe needed money so they sell their assets in the crypto cause of dumping that is one of the reason.
Corona virus is we wanna end as soon as possible because it's affects our daily lives our jobs and daily activities and those investors who have work maybe needed money so they sell their assets in the crypto cause of dumping that is one of the reason.
I believe in Bitcoin in the long run, but when I heard about the unemployment rate because of Coronavirus increasing every week, I feel worried. How it will affect the crypto world?
Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.
Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.
Corona virus in the real sense should boost the crypto market, i was astonished at the rapid fall in BTC price due to covid19, before this recovery to around 9k region. If people get skeptical about using FIAT money since it can be a carrier for the virus, then people ought to embrace digital money, including BTC but that's not the case now. Talking about people losing their job due to the virus, jobless people who get to know about crypto will likely invest in it or start say airdrops/bounties for the mean time. Also donations by Binance, Kucoin and other crypto exchanges for instance could create more awareness for crypto.
In a year, their will be some pump over a quarter of year. This year was taken by the corona, so corona will had some effects on Bitcoin and crypto world. But remember, it's only for short period. As soon of economy recovered, the same will reflect on crypto world. Many holding for long run, so this won't affect the market huge.
I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.
This year is undoubtedly the year of the global financial crisis because coronaviruses are making the situation worse and the countries leading in economy are greatly affected. I just hope that there will be a vaccine soon so that everyone life can return to normal because since covid-19 appeared, the financial resources of many people are facing many difficulties. 
I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.
Just hold on for some more time. We are yet to witness the peak impact from this ongoing pandemic. Already 30 million or so in the US have become jobless and within the next 2-3 months, the impact will become more and more noticeable. The real trouble will start when these people run out of savings. The federal debt is going to increase by more than $3 trillion this year, and that can also have an impact.
I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.
I think corona has negative effect in crypto markets. Because people have withdrawn from crypto as well due to fear of virus and many people selling their assets to buy their daily necessities.
The major effect was the major crash that took btc to 4k mark in no time but thanks to upcoming halving and corona cases coming under control a bit the market is recovering well and it is highly expected that in may due to pre halving fomo prices can really pump, i think btc can break 10k easily with the momentum we are seeing in last few days.
Corona did not take any effect on crypto. It was sudden down in the terms of prices but bitcoin recover very fast and right now its trading around 8k. So I don't think so it's take any effect. But offcourse its take a big effect of short trading... They get a huge loss who short btc.
Corona had an impact on global financial markets, and they have already influenced on bitcoin. People began to panic and sell the riskiest assets. therefore, everything happened just like that. I lost a lot of money on this dump. 
This is a number that I can't believe because covid-19 is actually causing the whole economy to collapse and without the vaccine we will continue to live a life of worry and gloom. In my country, the situation seems to be much better but not subjective because covid-19 may return again in winter according to many opinions. Of course, all my activities and my work are still normal but very different than before.
As long as the vaccine hasn't been found, all activities carried out by the humans throughout the world will always be monitored and restricted, Such a situation will increasingly have an impact on the world economic circulation. Call it the world oil prices are declining, this cannot be separated from the impact of covid-19. If these conditions continue, it is probable that the corona outbreak will increasingly haunt the development of cryptocurrency.
Corona did not take any effect on crypto. It was sudden down in the terms of prices but bitcoin recover very fast and right now its trading around 8k. So I don't think so it's take any effect. But offcourse its take a big effect of short trading... They get a huge loss who short btc.
The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.
I think that the price of Bitcoin will also fall when the stock market begins to fall. I expect the price of Bitcoin below 5500 dollars and I’m ready to buy cryptocurrency.
In the short term it is going to a negative effect with the prices falling but I hope in the long term people understand the need for diversifying because of this and enter crypto space.
Corona affects financial markets pretty hard. Almost the whole stock market decreased besides few companies like Amazon. Crypto is still following the major markets and I cannot imagine that we would see a strong price increase before the end of pandemic, most likely another deep fall.
That's true when we were going back to the last months but not for this time. Crypto is going back to its way without try to follow the stock market. I would like to say that crypto has already found its best way without any intervention from the stock market or something else like gold too. 
For some people, a situation like this will make them try to search about how to get money from the internet, For example my friend, he did not know about Crypto world even when I explained he did not want to believe, But now, since he was always at home because Lockdown, he had started learn to get money from Crypto world. I think that is one positive side.
In fact, as China recovers from the coronavirus outbreak, its market purchases appear to be recovering as well.
Still, it remains to be seen whether the new price sensitivity of Bitcoin in the markets will be a point off the curve or a new trend going forward.
Still, it remains to be seen whether the new price sensitivity of Bitcoin in the markets will be a point off the curve or a new trend going forward.
The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.
Many people have chosen to hold USDT or FIAT at the moment. They are afraid the market will collapse so they will not risk investing at this stage, I hope the virus can be controlled so that everything can return to normal like before. Btw world has more than 3 million people infected with the virus, this is a huge numberJump to: