Topic: How Will the current pandemic affect the crypto market? (Read 1003 times)

The pandemic will turn out to be beneficial to the crypto market, than all the other way around. This is largely because people practicing social distancing measures imposed by governments around the world, will demand crypto for cross-border payments. It's much cheaper (and sometimes even faster) to send money to anyone around the world using crypto than Banks themselves. This will trigger massive demand for crypto across the market like never before. While COVID-19 had a negative impact over the world's economy, the effects on crypto have been little to none. After a month of despair, crypto quickly recovered to prices before the pandemic. In contrast, stocks have been on a constant decline in price since COVID-19. Some stocks have seen a slight increase in price, but they're not in the same position as they were before the crisis (AFAIK).

As long as crypto remains resilient and impervious to events in the mainstream world, it'll be constantly demanded by people worldwide. Now that Bitcoin experienced its “Third Halving”, it should only be a matter of time before it goes all the way to the moon. Once that happens, altcoins will experience new ATHs on the market. The pioneer cryptocurrency greatly determines the future direction of the crypto market. If it's on the "green side", so will other altcoins on the market. The same thing happens vice versa. The fact that crypto operates 24/7 without censorship or downtime, allows people to enjoy an alternative financial system that's a haven against the traditional banking system of today. With digital payments becoming the norm of mainstream finance, COVID-19 will do more good than harm to the crypto/Blockchain industry. Just my thoughts

Basic price analysis could tell you that bitcoin is viewed as a very high risk asset compared to traditional financial asset classes. There is no right or wrong, its just what investor perception is.

After equities sold off heavily in late Feb - mid March (falling from ~3300 to ~2200), BTC waited a few days but followed suit in an even more volatile fashion (falling from ~10,300 to ~5000) in a matter of days.

Clearly, when investor sentiment is risk-off, they are not hodling BTC, its only the die-hard cypherpunks and tech nerds and 'moon' boys that continue hodling.

The idea that bitcoin was completely uncorrelated with the rest of the market and could potentially act as a safe haven during times of economic trading market. Blockchain intelligence firm Psychoanalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin consumer habits in surprising ways.

I don't think whales would want to be behind the smaller ones. The power of whales to manipulate the prices is on different level now, I don't think they are losing with the market volatility right now. The progress of the market that you are saying is not seen with the price but on its application on the real world, just for example the pandemic that we are having right now, we could take this as an advantage to promote the non-contact transaction with cryptocurrencies which might be an eye opener for those who still believe that crypto is a scam.

I believe that decentralized market is designed inversely with the centralized market, not just it is created for hidden identity transactions. Thus, the struggling centralize economy has shown good effects with the decentralized one.

I can understand how you see things current happening is because of the word I highlighted.

You think bitcoin can only be manipulated by the whales, maybe you are right but this market has improve and has progress already.
Even in stocks there are people who manipulate, our market is just worst and that is the reason why we see some big pump and dump or the high market volatility, but together if people will adopt with it, it will make this market stronger and the manipulators power will decrease.



Or the decentralized market could also grow if the economy will struggle as our economy is based on a centralized system where our government could be corrupting it, printing money that will only make the future of fiat look bad.

This pandemic allowed many people to turn to online activities such as online shopping, banking, and other transactions. And most likely, they have come across cryptocurrency during this time. With that said, though the virus affected many or almost all of us in many aspects, it did crypto good. And I'm also hoping that with all those statistics, this is a step to adoption.

And the most positive thing is that COVID-19 did not entail the closure of enterprises and unemployment. This once again proves that the demand for cryptocurrency does not depend on the world market and human activities.

People may believe in crypto, I think step by step they will know how online transactions is as important.
Though I think fiat will will never be obsolete. Fiat is still important as a stock even if there is inflation. Not everyone can transact through online today. There is a possibility that fiat and crypto may have the same value in the society.

It even got below that division of two, but the price was able to rebound after a short time. I don't know what's going to be next after this Halving, but the price has been slowly going down since the halving took place. It was getting close to the $10,000 mark and all of a sudden it started getting down, currently at $9,100+. It seems like the demand is less, and this is likely to cause some miners to drop out soon if they are not covering up their expenses from mining.

We all already know what might happen if a huge number of miners should drop out, and there are already some of them that can't mine again after the Halving took place, because they are using weak miners, like the Bitmain S9. It seems pandemic panic is slowly getting settled down. People may get back to work but with all precautions against corona spreading; it means economics of all country may get back to working but with some glitches which will reflect into crypto space as well, hopefully in positive manner.

Looking at the current situation can we say that crypto didn't cared about the virus, or is it the halving that made it go up?
I mean it doesn't have to be neither or doesn't have to be either. But there are two things at hand, either it could have gone down because of the virus (which it did for a while but recovered) and only recovered because of halving. Or maybe it could have gone down because of the virus but people realized it is smarter to keep your money at bitcoin than fiat so it went back up.

I am not sure which one is it, or not even sure if these are the only two options that caused the uptick. That is the sad thing about bitcoin, there are downs and ups and we never really know 100% what caused it, we can speculate about it but we can't know for sure.

It seems that in just the beginning when the virus strikes when cryptocurrency badly affected but other than that it continue to pump all over again. I think it because of halving event that have been occured, it balance the people trading and investing towards the panic selling of crypto due to the virus. Some people might seeks another way to earned money and study crypto with the time they stay at home because of these reasons crypto become hype.

Pandemic is really affecting our economic and even in crypto market. Base on my own analysis,people in crypto world will sold what they have in crypto just to provide their  daily needs and it will cause a little down slope in crypto graph.Also if some personality that hold bitcoins and other crypto are one of the victim of covid 19.
In other side,many people that already know how to trade will surely enter in crypto world to invest just to earn during this time that almost a lot of people had no work. But only those with capability to invest because mostly suffers from covid 19.
But despite of this pandemic only one is sure...crypto market will still move positively and the ups and down in market value is just normal.

crypto clearly has its own path and is actually not directly affected by the pandemic, but perhaps individuals are somewhat disturbed, they are investors. resulting in not as many investors as when normal. they themselves are experiencing the fear dilemma which may have a direct impact on life.
but with the pandemic gradually beginning to be controlled it will provide enthusiasm for investors to move freely to start being active again.

With or without the pandemic, the Cryptocurrency industry will move positively, we have build an industry that are strengthened with a proven technology there is a widespread demand and so many companies are adopting it now, this pandemic will only last a year in my opinion so this is not something that can harm the Cryptocurrency.

It will also negatively affect crypto like other financial markets. The problem lies in money. When the pandemic comes and the economic crisis will come later, we humans must flee to preserve capital first. at that time no one would care about bitcoin, because it did not bring real value to society so it was just a tool to manipulate the whale. everyone will get cash and will no longer care about the coins. Remember, if the economy is good, then decentralized markets can thrive.

Have you seen the bitcoin movement a week before the halving schedule?
If you see it then you would not say that it did not affect the price of bitcoin because bitcoin had rally and pump to $10,000 because people got hype on halving.

Well, what you said is same as what I think. This pandemic has affected all of us in different ways but from the news that I have read, Covid-19 economy actually fuels the faith of people in crypto.

The news is about the study conducted by The Tokenist regarding the growing trust of people in crypto (btc in particular) over traditional investments (gold, stocks, real estate). Compared to the adoption of crypto in 2017, the trust of people grew to 29% after three years.

From their survey's respondents, 78% are millennials. 14% of those millennials already owns the asset. And "60% of the respondents felt that [crypto] (btc) is a positive innovation in financial technology."

With all that figures and results from the study, I must say that the pandemic affected crypto market positively. I just hope that when the crisis is over, people's trust in crypto will grow even more and eventually lead us to mass adoption.

(Here's the link for the aforementioned news: https://news.bitcoin.com/covid-19-economy-fuels-faith-in-crypto-trust-in-bitcoin-over-banks-increased-3x-since-2017/)

   Negotiation we think alike, pandemic had positive effects on crypto-market. Which was expected, due
several reasons many of us don't like to talk about positive side for us here, while others have huge
problems, but that's a reality. While world was closed, crypto-currencies didn't stop working for a second,
everything was like before, available 24/7. It's advantage for us here, and many people saw that crypto-currencies
are better in then fiat, we just need to wait all other to accept it and we will have a mass adoption.

The impact of the epidemic has not been felt on the crypto market The price of Bitcoin is rising due to this epidemic Everyone is leaning towards crypto because everything is closed. In that case, the demand for Bitcoin is increasing and the price is increasing so half of the event has come This is good news for Bitcoin and is going to have a positive effect on the crypto market The virus can no longer break the crypto market.

Altcoins were negatively affected in price just like Bitcoin. After all, they have much more volatility than the pioneer cryptocurrency itself. They tend to follow Bitcoin's footsteps on the market. When Bitcoin experiences a dip in price, so will other altcoins. The only difference is that altcoins' prices fall at a faster rate than Bitcoin. Since COVID-19 has encouraged people to practice social distancing measures, crypto interest/demand has sparked like never before.

I believe that the current pandemic will turn out to be more beneficial to the entire crypto market, than anything else. Online e-commerce and digital payments have been on the rise since COVID-19 took the world by storm. The more people become interconnected, the more crypto and Blockchain technology will be discovered. Compare the current crypto market vs the traditional stock market, and you'll notice that the former is the true winner. Considering that crypto is decentralized, it seems that negative events in the mainstream world have little to no impact on its price. With the third Bitcoin taking place last week, things will be exciting for the whole Blockchain industry in the upcoming months. Just my thoughts

Market didn't start to bull? You do realize that during a pandemic when there are tens of millions of people who are unemployed, at least that much on unpaid leave, and hundreds of thousands of people dead, we are still above the price we started. When this all started we were around at 9k, and right now we are above that price.

Hence what I am trying to talk about here is not the fact that bitcoin is going up, which I agree since the halving there wasn't much change, but the fact that it didn't went down neither, people could have realized profits and get out, but they didn't we are still pretty high. Specially in days like this, having bitcoin at this rate is amazing and I do not think we need to be going up to consider this a success, staying the same is good enough for me.

Lol and who said that altcoins were not affected by the pandemic? When the price of Bitcoin fell from $10,000 to a very low of 3k to 4k, a lot of altcoins were also affected, especially those of them that correlate with Bitcoin in price, they even got divided by half. So, don't say that altcoins were not affected by the pandemic, it's just a few that were able to stand.

But despite that Bitcoin was affected by the pandemic, it still recovered within a short time and still shows signs that there is going to be further increase as time goes on. In my opinion, bitcoin somehow managed to defeat the pandemic situations but gold and bitcoins must need to boom when stocks are not performing well. It means we can expect more rapid growth for bitcoins in coming days.

Even halving is not affect the btc price. I dont think that this virus is a good news for btc. A lot of people are writing that this could be a good chance for btc but actually people and laws are still not ready for mass adoption

Maybe that is one of many reasons for the market not to start to increase or start the bull run. I think when the lockdown is removed, and people can back to work or get the new work, the market will change too. And maybe that is a good time for the price to get started the bull run. So we hope that will happen soon, and we can make a lot of money again.

I don't think this pandemic will cause many people to believe in the crypto market. Cryptocurrencies have long been labeled as a market full of manipulation and fraud, completely true and therefore no one wants to participate in this market. When the pandemic comes and stocks fall sharply, it will be an opportunity for investors to pour money into businesses that have cheap stock prices. most people will not pay attention to crypto, because it still cannot help the economy better.

When buying altcoins, you need to be very careful about them, with a large share of analysis than is acceptable in the case of Bitcoin.
As I was told by 1 person who rose very much in 1 year, if not less (with 1 BTC, he did 20-25). You need to buy coins that are waiting for any improvement or an important decision. It is advisable to buy 4 months before that moment, when most of the market is still free.

Well, people could stay at home and do stock trading as well, they can stay at home and do forex as well, they can stay at home and basically trade everything at home nowadays because there is no need to actually go outside for these.

But they prefer bitcoin a lot more, they prefer crypto a lot more as well. Why? Because crypto became a lot more personal and individual for humanity and everyone feels like they are actually doing something themselves, it allowed people to take their own future into their hands and that feeling is freeing to everyone, they feel like finally they can decide their own future instead of some stock broker in wall street who is trying to make some money from their trades regardless of what the outcome will be for the investor.

bull run requires new money in the market to happen, and with the lockdown still implemented and people loosing their jobs, this idea might be very much not possible in the near future. But the Crypto market might rise after the end of this pandemic or when the country wide lockdowns are removed, but until then bull runs happening not seems possible at all.

People already realize that the pandemic is a serious thing that happens in almost country, so they concern with their health. We know that the crypto market is affected by the pandemic, but gladly, the crypto can survive until now, and the crypto market trying to rise again. And with the halving moment is already happening, people are waiting for the next bull run that can happen in the market.

I'd like to think that it's positive because we are still moving although the movement is slow we are still moving and the huge drop when the news of pandemic has erupted is now over and it's like back to business in the Cryptocurrency market, we need more good news to come for the market to move fast.

not sure if that would really help for online transaction, what I have in mind is that since the world will be in economic crisis, the value of our fiat will decrease and therefore we should be looking for a good investment opportunity to protect our money from inflation and crypto or bitcoin is the answer for that, at least for people who believe in crypto.

I think due to the Quarantine period and pandemic, people will patronize the use of decentralized transactions.
The market may move from time time during this time and more people will realize the importance and use of such cryptocurrencies.

it affect , but not crash instanly i think , people withdraw after a month and after they realize how serious this pandemic was and the price slowly going to crash

As of now we can generalize that the pandemic have already affected everything, and when we say everything that means every thing. You could easily see the huge decline in employment rate more than hundred of millions? billion? from that we'll know that we are going deep far from what we expected. But now w are slowly recovering, I can tell it from what China is trying to imply they conquered the virus and made the recovery rate of 90%
There is no data that we can see so there would be no truth about that ,but if we put it on basic terms we can say that pandemic has an effect to the crypto market since its casualties are onto people which composes the crypto market.

In stock, a lot of changes went when covid spread around the world. Due to the fact that there are corporations who run in making foods and services. So, because there is a locked down, this corps might go down because there is no customer and employees.

But in cryptocurrency, I think the market doesn't affected very much by pandemic. Instead, it goes in upward movement even in small percent because halving and other people forced to see the market situation.

I disagree that if stopping the spread of Corona, transferring money through online bank accounts is still easier as almost everyone owns one, crypto or bitcoin is still not the best option, very few people know about this solution and the government still doesn't agree with crypto. However, I still support the idea that crypto will continue to grow during this pandemic because Corona blocked people's traffic and work, the need for money to become more urgent, crypto as the best method of making money online will get more attention and get more new investments

In my opinion, the current pandemic has only a short-lived effect on the crypto market, the evidence is that the price of bitcoin is getting better
until halving occurs. After bitcoin halving right now the price of crypto has dropped a little more, but this is somewhat normal because of the price
correction beforehand for can go higher. As we know the spread of corona can not be stopped and the vaccine has not been found, but does not
affect cryptocurrency prices. I predict crypto prices will continue to rise until next year, because during the corona virus there are must financial
transactions digitally so that it can prevent the spread corona virus and cryptocurrency can be used for payment solutions.

Meaning Only Bitcoin is affected?i think you are totally wrong on this one mate.

Look at the charts of all top 20 currency and you will find that still Bitcoin dominating the market and all altcoins only following BTC movement.

There are chances that some are pumping(in which common here when whales are trying to bag money from noob investors) but the majority?only moves when btc shows some strength so it means?altcoins are still waiting for the top coin bull.

I also think the same way. During the financial crisis of 2008, it was shown to the world that Fiat backed by central banks was poised to failure. The "bankers" may try to manipulate the system for their own benefit. But, people will notice that it's not worth holding Fiat anymore due to astronomical levels of inflation. Crypto was created for a purpose, and that is to serve as an alternative to the world's current monetary system. Since the "trust factor" is eliminated, everything is based on mathematics and cryptography in order to ensure a resilient system that can withstand any negative events in the mainstream world. Without a central operator, risks are reduced like never before.

It seems to me that crypto will be here to stay for the foreseeable future. The COVID-19 pandemic has only accelerated interest into crypto/Blockchain technology and CBDCs than all the other way around. If this goes on for years, we might see a bigger market capitalization for the world's leading cryptocurrencies. The reason why the pandemic has little-to-no effect over the crypto market, is because the ecosystem is decentralized. Things would've been worse if crypto were to be completely centralized. Due to the distributed and decentralized nature of crypto, trades can continue flowing 24/7 without interruption (unlike the stock market). The pandemic will only encourage governments to launch CBDCs, while crypto benefits from mainstream awareness. Just my thoughts

There world economy has been on recession because of the COVID-19 pandemic. Many people have been laid off because comapnies, business and other works are not operating amidst the pandemic, however, cryptocurrency and the market has showed great resistance and still sailing through successfully. I don't know how the pandemic is affecting the crypto market, either positive or negative because the market had other factors like Bitcoin Halving along the way.

The status of the economy of the different country today is still not stable which is a huge problem of them before the outbreak starts the US are one of the largest countries that has a good GDP and next is the other one's but when the virus is spreading most of the countries today are falling down which is not a good thing because it affects a lot to their incomes. Some of the reason why it falls they avoid getting import and export from a different country because they don't want to spread the virus because of the transmission because they don't have enough knowledge how does the virus can transmit next some of the supplies on different places cones into shortage because of the people hoarding a lot of foods, and other supplies needed because they made a lockdown and only restricted one person can only get out on their houses.

By that, the fiat currency is slowly going down because the money came from their country and came from exchange or trading does not circulate properly because the users or the whole cannot spend their funds. IMO we don't need to hold money because it is not important today because life is more important to take care of your self than taking care of your money.

If I could place a bet it would be on crypto, fiat is going down. It's my conclusion! This economic model is not sustainable, here on forum we discussed some theories and I remember one thing, next big economy crisis (like the one in 2008) will bring governments and banks down. Little over 10 years and here we are, this will be bigger crisis than previous one, and this time some things will change! Before people had just few choices with their money (gold, bonds, real estates, other precious metals...), but now there is this thing bitcoin with entire crypto community behind and many other coins! It's not just about crypto as currencies, it's about what crypto represents! Be your own bank, do with your money what you want, you don't need third party services to control you and rip off you every time you wish to send some money!
Pandemic is a bad thing, I don't like when people suffer, but this is the chances for people who survive to start doing things in different way. We need to start paying attention on each other, on nature around, not on banks, politics and wars!

But something is quite strange in the crypto market these days. Only the price of bitcoin increased, the top coins and the alts did not grow. It shows that the fomo is very positive by many people. they only pay attention to bitcoin and constantly talk good about bitcoin halving. I'm just wondering that the whales are no longer pushing the price of bitcoin, it is the people who suffer from the fomo mentality that are pushing the price of bitcoin even higher at this unreasonable time. With this overbought, the market will soon correct this week and many people will be buying bitcoin at high prices. Be careful at the moment, the market is very sensitive.

bitcoin halving is really the main factor right now why bitcoin is on the rise despite of the ongoing virus crisis. though they have identified potential medicine to cure the infected, still they can't guarantee that it will work in most individuals. it is really interesting how much the bitcoin price will be just before and after the halving. the current trend is very positive because bitcoin is going up in recent days, other alts also follow this kind of trend. crypto users will have positive mindset in this upcoming halving and hopefully it will continue even after this event.

This pandemic caused a little change in Bitcoins price due to panic selling and personal usage of fiat. I do believe that this outcome will be resolve once the pandemic is resolved.

Initially, the COVID-19 epidemic had a devastating effect on the crypto market But now it is going to have a positive effect  COVID-19 can no longer break the crypto market The epidemic is now declining and the crypto industry is improving further. People are leaning towards crypto and the demand for investment is increasing so the price of the currency is rising  At first people didn't understand much Many people sold their cryptocurrencies to overcome the bad situation. But now everyone will invest in crypto from home to overcome this bad situation Therefore the current epidemic will positively affect the crypto market.

The majority of people had been laid-off from their job and are struggling to survive each day due to the pandemic. Most people are forced to cash their investment out or even use their savings to survive the pandemic. This might have an indirect effect to the crypto market, but I guess a lot of people had taken advantage of the recent crash when the pandemic kicked-in and grabbed a handful of bag during that time. The market had recovered a few months when the lockdown started. What could happen is really unpredictable.

I think that the crypto market is immune to the effects of the pandemic in the mainstream world. This is because Bitcoin and other cryptocurrencies are free from the control of central banks and governments worldwide. The world's economy could fail in the long run, but the crypto economy will be as fruitful as ever. Decentralization is what truly matters here, in order to provide a resilient system people can count on regardless of governments' actions worldwide. Trust in the world's financial system will slowly decay, until people will turn themselves back to Gold or Bitcoin as their safe-haven asset in times of need.

While the current COVID-19 pandemic has encouraged most people to sell their crypto holdings in exchange for Fiat, the future is still bright for the crypto industry. Demand will increase for crypto assets on the market like never before as they become scarcer over time (especially Bitcoin and Litecoin). Bitcoin's deflationary model, tells us that it should become more valuable in the long term than all the other way around. On the contrary, Fiat will continue to experience inflation as a result of governments printing money in mass to try to "alleviate" the economy. The longer the pandemic takes to disappear, the better it'll be for crypto's adoption in the mainstream world. People are noticing the true benefits of crypto relative to Fiat, leading to a quick price recovery on the market. With or without COVID-19, crypto will be here to stay for a very long time. Just my thoughts

I believe that the effect of the coronavirus, which seemed negative at the beginning of the crisis on the cryptocurrencies, turned to a positive effect after the currency rates rebounded and recovered. Thus, the cryptocurrencies joined gold as a safe financial asset in times of economic or political uncertainty even though it witnessed many fluctuations in price .

I guess we have seen the effect already in March and the whole discussion of bitcoin as a safe haven has been tested. But so far after almost two months, we can say that we have bounce back and passed the test. Panic sellers might have regretted their decision that time to sell because of the scare and the negative news. Yes, the pandemic might stay in the next 8-12 months but we can say that bitcoin proved its resiliency again as we are back to where it was before the Covid-19, around $9k price.

Luckily, the price is making sense now. Bitcoin is currently at its early March (so pre-lockdown) level of $9k, but this recovery did take nearly two months. At first, Bitcoin was affected badly as the new reality hit all markets hard and there were probably many panic sellers thinking Bitcoin will be affected too. However, as Bitcoin does not require much physical activity that became limited during the quarantine, there was no objective reason for its price to go down. The pandemic might be here for another half a year, but I don't think Bitcoin will get affected much. Not in a negative way anyway.

That's right crypto market is always active and there's no reason for them to take a break because market moves every time there is a transaction happening. The government should act and do something based on the current state of the economy because by that they can make possible solutions regarding that. There are still development in the projects and technology and it is always updated that's why the crypto market could possibly always active. Regardless of other sectors, I think that agricultural sectors will prevail and grow more because they are the one that are really continuous and actively vulnerable in this pandemic. The government should prioritize the people and the sectors that are heavily affected by this crisis.

That is a good sign for those project that had been sleeping for longer time now like some of my past ICO bought tokens but yet they have seems to be sleeping still mate and i am checking them each day trying to find good news.
Investing here can be a money game if we can hold the chance longer because the problem with so many and they instead looking for money than the technology .

It’s not going to be anything more than the usual. The pandemic is not going to have any serious effect on the cryptocurrency market, it’s just going to be like it did with the stock market. After everything cools off the cryptocurrency market will still continue to grow and nothing much. You already know that the price of Bitcoin and other cryptocurrencies are now going back up after a short decline earlier this year.

The price has been stable in $8,900 after it moved from $7,000 price. This is going to be for a while and maybe by next month it will take another step to the next price level. Now, we need to watch the bitcoin halving and its consequences to conclude about where this panic of pandemic will end up. The next 30 to 40 days will be more crucial.

it's totally different from what i think about it , for me investing to crypto right now its no more than money game, one thing its a good here is we on btc halving event, if not , i am not sure about bull recently.

actually those people that arent familiar with crypto can now find themselves on here because because they can now have enough time to do research plus add in the reasons above  . i agree on on what @asusn  said that people are now investing on crypto because they arent allowed to work or do business outside but there is no major restriction here on crypto  while it can provide profits which is importantly need by people nowadays  . but i like your situation now that you now have more time for your crypto activities

I don't think there will be a large influx of new users into the cryptocurrency due to the coronavirus. But those who have previously been familiar with cryptocurrency will be able to spend more time on their favorite activity. For example, I now devote more time to trading, because when I worked in the office, I did not have enough time for this.

Most of the people trying to find extra income or source of income in this pandemic situation because they cannot go to work or go outside because of lockdown. I think they will try to invest into cryptocurrency to earn more money

I have seen so many topics related to this one, if you want to avoid having redundant topic you may use the search engine at the right top corner, you may search the keywords and you will see all the posts related to the keywords. This will also help you to become more familiar in this forum.
But at the some spot, this pandemic virus affects the price of different cryptocurrency because of pulling out some of the assetd of different traders in this cryptoworld and even those investors, they need money to sustain their lives as of this community quarantine where we are not allowed to go outside because of the virus so most of us need to have stock, foods and other things we need for daily lives.

The effect and influence on the crypto market at this time would certainly be there if linked to the current pandemic COVID-19 plague that is sweeping across the world.

As seen today all sectors of the economy are stuck, not only in the crypto market other things also happen to markets outside the crypto, Rounds of money are very minimal than expected, for example investment, trade, for now there has not been a good result since the covid-19 pandemic was put in place.
There is nothing to do but pray and hope that the crypto economy and outside crypto, markets, etc., in the future can be as good and normal as they once were.

This pandemic affects all businesses not just crypto. Some business booms ie. (Pharmaceutical Industries, PPE's manufacturers) but most likely others where down. Meanwhile cryptocurrency in the other hand cryptocurrency is quite unique it would recover as fast as possible. Just like old times.

The coronavirus pandemic affected almost all investment instruments. However, this condition can be a golden opportunity for investors to hunt for various investments given the low price.

Unlike the stock portfolio, which requires a long time for recovery, bitcoin is weakening but the next day immediately strengthened. Seeing the pattern of bitcoin price movements during the pandemic, many parties have the belief that bitcoin is an investment asset that is relied on in the midst of a crisis. Pandemic indeed affects the adoption of bitcoin in the short and medium-term but not for the long-term.

The decline in the value of bitcoin is lower than other assets, and the decline also occurs when approaching the value at which a price correction is expected. Unlike gold, it takes longer to see the impact of a pandemic on bitcoin, whether its immunity is like gold in the face of a crisis. Gold during the financial crisis, its value decreased greatly, but its value recovered in a very short time.

Not everyone experiences losses due to a pandemic, if you see that the market remains open, it means that the crypto trader is still active and enjoys profits. This is proof that bitcoin is still a favorite asset.

This pandemic situation is a good oportunity for all the health related projects in blockhain, this is a good moment to rise and give a hand in eradicating this pandemic virus.This pandemic situation is a good opportunity for all the health related projects in blockchain, this is a good moment to rise and give a hand in eradicating this pandemic virus.

The pandemic as we see is positively affecting the market, we were told the flash crash was due to the pandemic butbjt quickly recovered and has been on the upward movement.  It appears people are turning to crypto trading as recession calls and mass sack looms.

the current crisis conditions are indeed making cryptocurrency more well-known to many people but for people directly into cryptocurrency now-of course there are also many who think because of the needs of fiat now too many so the possibility of entering into crypto is still not too although there may be opportunities as well

I think this pandemic will really make a way for the digital transactions to become more useful and recognize by the community. I know that stock market will crash but the government should make way for that to recover although there is a pandemic. Government should also prioritize the market because it is the number. 1 factor to the manipulation of our economy. There are a lot of digital transaction that is happening worldwide with the use of cryptocurrency and fiat currency. Our technology is really advancing most especially people are used to pay bills using their online wallet. Hoping that there are more good things about crypto market that will soon happen because this is what we need, a community where people are open to use cryptocurrency in their transactions.

before bullish trend set , i am hope price will decline first. so market will have more power to set new high price again while investors rebuying on correction. if price still rise till halving, i am doubt giant traders will buy , they prefer to wait cheap price. and negative effect from covid 19 looks like smoothly gone from crypto market.

Hopefully this will continue until bitcoin halving finally come. A lot of businesses have been affected with this current pandemic but with crypto market, i think it's not affected that much. We can still see signs of bullish season and knowing that bitcoin halving is expecting this may, it will make the crypto market price even higher.

Once again folks! Bitcoin and cryptocurrency aren't heavily affected by the pandemic. The recent huge drop wasn't caused by the pandemic alone, It was the plustoken scam that took place months ago that comes along with the WHO declaring covid-19 as a pandemic. Sure that gives a lot of people the feeling of confusion and we all fall to believe that the pandemic causes such huge crash, but It isn't after the news came out about the plustoken.
Currently, the price movements got to show us that cryptocurrency aint heavily affected by the covid-19.

The market is totally not affected anymore, we can tell by its movement in the past 1 month.
We did see a dump from the start, but that was it, probably it's the last time we will see a dip this month because despite the world is still on pandemic, bitcoin remains bullish right now, of course we are not expecting it but it again prove us to be wrong, it seems like it will be bullish going to the halving.

it's a good news for everyone, at least we will not anymore panic now.

That is what currently hats a lot of discussion about the co-19 pandemic because it is indeed shaking the world again especially in the global economy.

I can not understand how this corona virus does not exist maybe bitcoin has been high at the moment and a few weeks before halving will certainly be awaited by many investors and lovers.

But all that changed when the virus came from China and had an impact almost throughout the country and caused the global economy to plummet in stocks and crypto.

Of course this is very sad where we can not avoid this pandemic because it is difficult to overcome viruses such as and there is still much speculation that continues to emerge about the corona virus, I am rather confident that this pandemic will be quite a long time.

The increase in bitcoin recently is certainly in the increasing demand in the market because soon we will halving it might be their hope to benefit from bitcoin in the midst of the co-19 pandemic.

As for now we can proudly say that bitcoin handles current situation very well and it didn't affect much. Even if we April's statistics, there wasn't any significant drop or rise in price, it was stable between 6700-7300 USD. But still it's hard to summarize this task. Economic crisis will become more severe in upcoming months and if it happen like most part of people are left without money and they'll have to sell bitcoins, then I think there will be really huge crash in price but situation is still curious cause we don't know what will happen after halving (though halving is the least thing people think about right now).

That’s not true, altcoins were also affected by the pandemic and they also decreased in price when Bitcoin decreased. But the good thing is that they are now recovering and increasing in price. Bitcoin has been steadily going up and after spending a long time in the $6,000 price range, the price moved to $7,000 and continued moving from there to the current $7,600 plus.

It’s not going to end there, the price will keep moving up for sure. Although I’m worried that the cases of the coronavirus are increasing daily, despite the lockdown in most countries. I don’t know how it’s going to be in the future, but I hope the halving impacts positively in the market.

Since March is the start where almost all countries see the need to do lockdown or take moves to eliminate covid, many use their Investment to transfer into cash as at time of pandemic what we will be more needing is to have cash and it's a safe haven to eliminate risk of too much fall of price since vaccines weren't available yet. Now that countries have their solutions or find ways to continue operating the market seems to be stable now.

Since health experts announce that banknotes can be one of the "carriers" of the Sars-Cov-2 virus, digital payments must be immediately adopted in bulk.  every day billions of people transact with banknotes and that means billions of people potentially infected or re-infected (for patients cured) by this virus.  I am optimistic that cryptocurrencies (especially Stable Coins) will be widely adopted and become legal tender in the next few decades, opportunities like this should be used by us (crypto players).  the world has changed since this "PANDEMIC"

Yes, if we see the current market graph we easily say that nCOVID-19 did not affected so many. At primary stage it affected to market as people was scar about their life and now in this crisis moment of fiat money i think people are looking for alternative money so that they focused on crypto market and market again moving up. Even i am also doing short trade from home and i think like me another also promoting market from home.

So no upset for crypto market and stay connected with it always.

Corona virus only gives effect around March, now in April crypto market is more stable. Even for a few days now crypto market shows
a positive movement, almost all coins have increased. So in my opinion the crypto market is not affected by the spread of the corona
virus. Because many people have begun to realize that cryptocurrency is a safe haven.

It may not really be big enough to reshape the worlds economy right now, but we can't say it has zero chance to reshape neither, it just isn't right now but it may in the future. We are focusing too much on the market cap and too much on the trading potential of bitcoin for the people, however the reality is bitcoin is a currency itself and it could exchange hands very easily and very cheaply.

So, if the world starts realizing that bitcoin could be transferred from one nation to another in 20 minutes for under 1 dollar cost, they will start to use that a lot more. If people start doing that, it will reshape the economy in some way, sure not the way we think, not the way that will make bitcoin 100k or whatever, but it is still a way that it could reshape it by just being a payment processor type of thing.

Everyone is trying to get out of this condition where they must stay at home while they must continue to meet their requirements. One option is to enter the digital currency market for profit by exchanging so that as has happened up to now the exchange volume will generally rise and the price of altcoin has increased

They seem to have gotten hit as bad or worse than bitcoin itself has--and the slaughter could have been much worse, but altcoins are seriously down for the year if I'm not mistaken, and I'm not sure when they're going to start to recover.  And yeah, all of that was due to the viral outbreak.

This situation can't continue on forever, as that doesn't match the pattern of previous outbreaks.  So whenever this ends, it'll be a good thing for bitcoin--and I'm happy it's maintaining a price above $7k right now.  I figured bitcoin would have gotten hit hard and remained below $5k or so.  Anything above that is music to my ears.

There are a lot of covid19 topics here but this thread catches my attention.

For me, the coronavirus pandemic has a huge impact on the economy a big downfall to the global economy since it started back in china. During the month where the crypto price fell down into half that was because people are still on the state of panic that they need to encash all their savings to buy their necessities since that the demand was low it come to that point if halving the value but now since people are looking for a safe haven of their assets and they can see the crypto market has it then, they started to invest in crypto and that's how the price was able to bounce back to its normal value because the demand went back like before.

This is how the pandemic can affect the crypto market. The effect might be little enough to be seen but with a thorough study, you will learn that the crypto market is still part of the economy and may be subject to changes. After all, I'm happy with the result of the market price, it showed little improvement and all went green this week.

When this pandemic started spreading around many people was being affected, especially in the market remember Bitcoin is at its top which is $10,000 dropped to $4,000 because almost all crypto currency was been affected. But during lockdown people realize that Bitcoin price raising gradually, it is because of people don't know where they should get money since all works are being suspended. That is traders and investors take advantage this situation to invest in Bitcoin because some speculations that cryptocurrency will become a good bit assets for better future.

Obviously, this is a pandemic, everyone is really affected, from first world to third world countries.
Government printing money is one way they deal with this crisis, but I doubt that this will be the solution.


That is, if people really thinks that crypto is a safe-haven. Crude oil is done for now, Stocks is on a swing, crypto? making good run, so I do hope that the narrative will hold during this covid-19 pandemic.

All predictions depend on the behavior of the "combined" countries with this pandemic. After all, the current financial system is based on trust. Trusts that governments and central banks give paper value. If trust shakes during a pandemic, we may see a tendency to experiment with more new economies and thus prosperity.

In short, the persistence of the crisis means better chances of new Bitcoin ATH, while quick, ideal solutions by governments mean fewer chances of it.

Pandemic helped the people to realize why they need to hold an asset which is under control of no one and that is the reason why some investors moved towards bitcoin but it is not an adoption, to be honest, when the economic situation returns back to normal they will jump into stocks again. Still, we have halving upcoming which is the major speculative thing we got to set the prices up to be bullish.

Value of everything dropped. But latter on started growing. Stocks. Gold. Bitcoin. Altcoins. The more volatile asset like Altcoins dropped most. Least volatile asset like Gold dropped least.

he wasnt talking on btc but he only said that altcoins arent seem to be affected  . he was right because as i can see eth and other alts are still doing fine  .

yes it isnt huge because like i said earlier , only btc are the ones that being affected the most  but btc is fine now so no worries  .

you said it makes them scare but you said it will not make them panic  ? for some maybe  but some are still calm and are willing to handle the situation because they think that its only a kind of test plus they also think positively

We should really hope for an early recovery for these pandemic especially, for a cure because, day by day, the number of people that are affected by the pandemic is still increasing especially on countries that do not have that enough medical facilities and advance technology to avoid and lessen the spread of the virus. A cure is what we really should hope for because, there is less assurance that we would stop the virus just by quarantining, for me, it is only supposed to lessen but, cannot fully stop the virus. As this virus continues to spread across borders, we might expect another dump because, possible holders of Bitcoin might soon cash out as they are running out of money for their necessities due to lack of financial income especially those that are less privileged.

You're wrong, in the initial stages of the crisis Bitcoin has also been affected with the market plunge in the stocks and this had happened in the month of April where we had a flash crash bringing down the price to $3000 level showing cryptocurrency and stock market correlation. But in time with the collapse of the traditional market due to quantitative easing and rate cuts, it will slowly kill the financial institution. Affecting the cryptocurrency market and possibly triggering a surge.

Although it will affect the crypto market, I hope the effect will not be too big. The pandemic makes people scare and afraid to go out, and I think they already cash out their money because they need money to buy their daily needs. But sooner or later, everything will be back to normal again, and even the crypto market gets the effect, it will not make traders to panic sell their coins because they believe that it will over someday.

The crypto market works 24/7 and 365 days a year, and it is also a market that does not have to leave home to work, it is digital money.
Despite the current crisis, the prices of cryptocurrencies have not failed, the Community has responded positively in these difficult times allowing the growth of the ecosystem to continue.

It may not be at the planned rate, but startups and current projects have not stopped.
The sector that will grow is that of finance because it has shown that it needs to be updated according to current technological advances. We will also see more projects focused on health and charity.

It is affected in the early announcements of different country lockdown, but now it seems improving the price didn't lose a lot. This pandemic not literally affect the market too much unlike in the drop of stock market prices but the users who are into holding crypto that might have no option but to cashout some of what they hold. Many were taking advantage now to buy investment not just in crypto but even in stocks.

It seems that all online activities,including cryptocurrency trading aren't damaged by the global crisis.The market shock that happened back in March is in the past and I don't expect another shocking 50% price crash soon.
The cryptocurrency markets looks stable so far,but there's a huge level of uncertainty.Nobody knows what will happen in the next few weeks and nobody can plan in the long term.
The crypto traders,who suffered a loss in the last two months will have to wait for a few years,in order for them to recover their capital completely. 

Since the economic conditions are not getting better any soon , the current pandemic is causing a huge loss in the investments , people have to encash money from wherever they can afford to take care of their daily needs .
Crypto market is no different , the current situation is Making it very difficult to attain a good price but at the same time it is supporting some users to do overseas transactions + now people can offer their services to the buyers living not just in their own country but anywhere in the world.
So I would say due to cryptocurrencies , the Crypto market is Down but popularity have increased.
We might be seeing some problems in the bear future but in the long run it is going to be good for the users , since we are able to attain a good audience.

March was so far the worse month for this year, IMO. We might see another worse month for the remaining months but I'm not looking forward to it.

It is.

But think of it that it's not crypto which is only reshaping but the other markets too like stocks, oil, etc. So far so good, we've recovered pretty much and there's more for it to show.

I like the possibly long term effect in terms of digital/online payments. Since fiat or paper money is identified as one of the means that may transfer the virus from one person to another, it is better to lessen our contact with our paper money. And in this regard, one option is to have more digital payments and that where crypto is coming in. However, we need shops or merchants to join this movement. If a lot of these shops around us will start to accept crypto, it may drive for other noncrypto users to learn how to use crypto because it is already available. If it is not available, then I don't think people will look for it.

There's also a chance that a lot of the money in btc is just different from. What's invested in the stock market. If most of the coin is held up by diversification of portfolios or cypherpunk net worths then we may see little to no correlation (as long as btc doesn't completely tank back to 4k)...

There could be two effects in place which positive affect the market, currently.

First, there seems to be a run for "uncorrelated assets", meaning assets not correlated with the major stock markets. While I question the premises of this trading movement (it isn't at all guaranteed that assets like Bitcoin won't behave differently, in the long run! I wrote a bit about that in the Spanish Forum) it seems to currently have enough short-term effects to lead to a little bull run.

Second, there may be hopes that COVID-19 could lead to a long-term boom in digital/online payments. If Bitcoiners behave intelligently and they manage at least to keep their share (which is extremely small, still) in the digital payments market, then this should lead also to a significant increase in Bitcoin adoption "as a currency". So it would be strategically important to reforce the efforts for payment solutions, like LN (I hope Electrum 4 with LN support becomes stable soon).

I think the first effect currently is much stronger, and "bulls attract more bulls", so this bullish market move may last some weeks more. The second one could be a longer-term effect, and it could even bring us to another ATH.

As I've seen so far, Altcoins doesn't looks like they are being affected by this pandemic going on..

In February, when the virus began to spread out of china, BTC was 10000+ and within that month and March, the price got approximately divided by two.

Many traders are on loss and some are still under water till date. But what's is the current situation, I see many new developments and improvements in Altcoins so far and If this could continue like this, The current world economy situation or current pandemic isn't gonna affect crypto market negatively.

Also major cryptocurrency exchanges are not being affected by this current pandemic according to users signing up and trading Volumes
source  : https://cointelegraph.com/news/coronavirus-pandemic-is-reshaping-blockchain-companies-roadmaps/
Check the Exchanges paragraph.

So, it's like most lockdowns are making people go into trading and bringing more users to cryptocurrency trading.
Do anyone think the Coronavirus will reshape the cryptocurrency economy or blockchain industry positively?
I will also like to see more explanations if there is.