The world of cryptocurrency is completely dependent on the world as a whole. Therefore, they cannot be separated. Now all people are suffering. Everything suffers because of this. I believe that cryptocurrency can only develop when people have money.
With the pandemic happening now, i believe all of us are directly affected. Majority have lose their jobs and do not have their sources of income. Entering crypto world is a good option but not as an investor but to make an income from the limitless opportunities we have in crypto. Hopefully this will come to an end soon so that we can contribute already in the development of crypto. 
Topic: How corona virus affect on the Crypto world? - page 4. (Read 690 times)
The markets stagnated as well but are doing much more positive anyway. IMO global economy suffers more than crypto.
The world of cryptocurrency is completely dependent on the world as a whole. Therefore, they cannot be separated. Now all people are suffering. Everything suffers because of this. I believe that cryptocurrency can only develop when people have money.
Many people right now don't have work temporarily and most of them are no money to invest to the crypto if they are user or investors of the cryptocurrency. Right now I believe they some effects but not literally big because as of now marker are pumping and that is good sign and once the lockdown is done we see again big pump in the market but I think it happen after few months after the lockdown..
when no one is working anymore then they will use their savings for very critical circumstances and this also results in many traders withdrawing their assets so that when they occur it will affect the price movement of cryptocurrency at the exchange place. 
Many people right now don't have work temporarily and most of them are no money to invest to the crypto if they are user or investors of the cryptocurrency. Right now I believe they some effects but not literally big because as of now marker are pumping and that is good sign and once the lockdown is done we see again big pump in the market but I think it happen after few months after the lockdown..
I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?
Unemployment rate will have no affect on the crypto world because its rarely anyone getting paid in cryptos for their work as salary so one who is not having job will not receive any money but they have some job opportunities in crypto world but not everyone in the world can have it. I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?
One thing that made me believe, the market is very resilient and will remain stable and will not crash even if we have a pandemic, that means we have investors who will not dump and leave the industry and we have them to thank for keeping the crypto economy going.
Coronavirus has a big impact on every country's economy including the crypto world was shaken by this pandemic in the first few months. When people are in the state of panic because of the lockdown everyone tried to withdraw their money to buy their necessities for the entire period of lockdown, that is why it lessens the demand on the cryptocurrency during the first few months and that was the downfall period of the crypto world but the crypto world was able to cope up now when people are already looking for a safer platform to invest and that is how they see the crypto world is a safe haven during the economic recession. One of the advantages of the crypto world is it can be shaken easily but it can regain it's stability easily.
first of all corona isnt increasing every week but there are infact recoveries reported now and also not all regions or areas have been restricted to work because those areas are less prone to virus but the unemployment on other places may have an impact to cryptos because some of them are crypto investors and they cant buy a crypto now and worst they may end up selling for now but this shall not be a reason for us believers on bitcoin to loose hope . once this delima is over , cryptocurrencies can also go back to where it was
Settle that feeling of worry, it won't help you in these times. Let the market decide and show its full potential while we are experiencing this pandemic. The first few months of the pandemic, this has affected the crypto market and we saw that bitcoin plummet, and everyone shared the same thought of it affecting all the markets. But as time goes by, you will notice how bitcoin becomes stable and increasingly a bit day by day and this can also be one of the effects that this pandemic shares.
At its first week of pandemic so many people including in different busines sectors and crypto investors had panicked that caused every marketsto crash down but along the way the market found its ground had been running back in forth from $6.5k-7k until last night that broke out to $7.5k It might have had and effects but not totally affected as it has gained its momentum back and we will be seeing a healthier market towards its halving day in 16 days coming.
They are too fear to think the crypto can have the same future like the stock market but it looks like they were realized about that right now. The recovery that is still happening with bitcoin or this is a better recovery than when the dump happened caused by bitcoin was building a very strong fundamental at the same time. As long as there will be no bad news come and bitcoin will remain stable in the bullish trend.
For now there has not been a big impact on the crypto world over the existence of the Korona virus, although today all countries are being hit by the trouble in facing this plague, but in the world of crypto developments from the value of Bitcoin and altcoins are increasing and many predict this year will penetrate the highest number.
At its first week of pandemic so many people including in different busines sectors and crypto investors had panicked that caused every marketsto crash down but along the way the market found its ground had been running back in forth from $6.5k-7k until last night that broke out to $7.5k It might have had and effects but not totally affected as it has gained its momentum back and we will be seeing a healthier market towards its halving day in 16 days coming.
The market has made a good comeback and I believe this epidemic will be cured soon because the situation now looks much better than a few weeks ago. I think the vaccine will be available soon by the end of this year and many countries are starting to test it so it certainly won't take too long to wait. In the meantime I will choose to invest more and will consider buying some of the cheap coins available in this market.
At its first week of pandemic so many people including in different busines sectors and crypto investors had panicked that caused every marketsto crash down but along the way the market found its ground had been running back in forth from $6.5k-7k until last night that broke out to $7.5k It might have had and effects but not totally affected as it has gained its momentum back and we will be seeing a healthier market towards its halving day in 16 days coming.
I less know, but what is clear is that this virus has a bad / negative impact on the economy. I don't know if VirusCorona will give to have a bad impact on the crypto world or not but at the moment I see that market conditions are back improving. of course we must to believe in Bitcoin in the long run because it's not possible Bitcoin will fall or die just because of VirusCorona pandemic.
yes, as we have seen that the current situation of the crypto market is slowly improving and this may indicate that the corona outbreak did not affect the crypto industry as a whole. but I am optimistic that after the crypto outbreak can be resolved, the price of bitcoin will increase significantly.
This pandemic virus affects so much many things, real life system has been really affected by this because so many people died and many business falls down because there's no more person who are going to work on such business, as well as the crypto world, when this virus is not existing the price value of different cryptocurrency is so high then sadly when this virus has visited atound the world, the price value of different cryptocurrency goes down because of so mant factors.
1. Investors tend to pull out their assets because of being afraid of what will happen on bitcoin
2. Thwy need to convert their cryptocurrency to have money to sustain their lives while under quarantine.
So corona will affect crypto just like the real business. I saw people rush to exchange to sell their gold (in Thailand). The same thing happens to the bank as they have to reduce the interest rate, the customer takes out of their saving from the bank, real estate also can't pay back the loan from the bank,... Things really look grim in almost everywhere but I think crypto is the least affected by corona if we make a fair comparison with real business. 1. Investors tend to pull out their assets because of being afraid of what will happen on bitcoin
2. Thwy need to convert their cryptocurrency to have money to sustain their lives while under quarantine.
This pandemic virus affects so much many things, real life system has been really affected by this because so many people died and many business falls down because there's no more person who are going to work on such business, as well as the crypto world, when this virus is not existing the price value of different cryptocurrency is so high then sadly when this virus has visited atound the world, the price value of different cryptocurrency goes down because of so mant factors.
1. Investors tend to pull out their assets because of being afraid of what will happen on bitcoin
2. Thwy need to convert their cryptocurrency to have money to sustain their lives while under quarantine.
1. Investors tend to pull out their assets because of being afraid of what will happen on bitcoin
2. Thwy need to convert their cryptocurrency to have money to sustain their lives while under quarantine.
I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?
Like you said the unemployment rate is going higher, now people in such position what will they do? They will take up the next, best and possible solution, and as it stands the crypto world offers a good chance. In my own opinion, this will affect the crypto world in a good way because as people are joining more there will be significant growth as well. I believe people are already joining gradually and with time, more will join as well while the world keeps looking for a vaccine.
I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?
Immediately: shock and collapse (people cash out to get prepared for the unknown)
After 1-2 months: it’s now, the news about printing money like crazy is pushing people to look for a safe investment. Bitcoin goes back to its usual price.
In 6 months: the number of investors in gold and crypto will be much more significant, the price will surge
Jan-feb 2021 price stagnant.
April: a rally will start bringing btc to 35k before summer, fall below 30k in summer, and grow again from sept 2021 going to ATH above 40k
I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?
This has already affected the crypto world. Remember the strong fall in the price of Bitcoin in March, as well as other cryptocurrencies. It was caused by both panic from the fall in the oil price and concern about the upcoming pandemic. Now that the situation has stabilized and is gradually improving, the price of bitcoin has gradually started to grow.
I am sure that everything will be fine and this summer the price of Bitcoin will pass the $ 10,000 mark.
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