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Topic: New normal world will make crypto better - page 12. (Read 1888 times)

member
Activity: 1120
Merit: 68
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19
It might be true because using cryptocurrency could help the country's economy to recover in the middle of the pandemic. Bitcoin and other cryptocurrencies will stay strong or will have better value this year because governments in other countries are suggesting using virtual currency to use as a payment to prevent catching the virus, so bitcoin has a chance to increase its mass adoption this year or next year.
sr. member
Activity: 685
Merit: 250
This will become a great news again to all of us here in cryptocurrency. Our confidence will boost more because of this things,
I think it showed that the goodness and brightest future of crypto can't be stop now. Sooner or later it will become future payment
options this one.
copper member
Activity: 2870
Merit: 1279
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It's actually a lot better since you have complete control over what you have, whether you are buying from exchanges and depositing it to your wallet or just holding your balances in reputable exchanges, I think it's one of the best investment and asset to own. Ideally, it's best to transition to a more "modern" application of these traditional businesses and these essential businesses would probably find a way to do it too.

For sure there would be better days soon, and we know that crypto is not the solution to this pandemic but it's a solution for businesses to accept cashless payments and support, etc.
full member
Activity: 449
Merit: 103
Decentralized Ascending Auctions on Blockchain
Based on what we are seeing now, I will agree with you.

Crypto is a weak market, that's at least what the stocks investors see prior to the pandemic, but when pandemic happens, they got tested and they fail, while crypto is still stable until now, but I don't want to conclude that they'll transfer their investment here to hedge what worst could possibly happen in the future. Honestly, I am still in the stage where I am observing now, if crypto market will end with a good note this year, then probably the market is going to be bullish.
Well, it's better bullish lol! The market has been in bad condition long enough for investors to feel bored. Most traders and investors are just holding their capital without doing anything. In the past few weeks, the market started recovering which is a very good sign for us. Based on the current condition and the upcoming events, I expect the cryptocurrency to pump strongly along with another bullish season!
full member
Activity: 504
Merit: 100
Option Blitz
In fact, this is true that during a pandemic, crypto industries are being more popular. We noticed many people also intrduce and advertize about cryptocurrency in several media. However, what happen at that time was not always good because sometimes, the people face the scammers, not the real and legit crypto business.

However, aside from the fact above, we can see that some newcomers are coming in the crypto world. Many more institutions also welcome the cryptocurrency and also the blockchain technology. We have know about the benefits of working in crypto itself during this pandemic. It happens to me right now. When many people lose their jobs outside, and I also fee the same, I can still survive better because of working in the crypto world. So, this will really drive the interest of newcomers to be in the crypto world.
True! The pandemic creates an opportunity for the cryptocurrency world. In the condition that people have to stay at home plus finding a way to earn money online, the cryptocurrency is expanding its recognition more and more. We all know that newcomers are coming to this cryptocurrency world and we all hope for a new bright future. However, the problem is that when newbies (who haven't had a lot of experiences about this market) come, there'll be the time for scammers to fool someone. Be aware!
full member
Activity: 1624
Merit: 163
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19

You are too positive thinking dude.
consider the market situation during the pandemic to this day. the crypto market is also experiencing a huge impact. maybe not very visible because from the beginning the crypto market has collapsed, but when viewed in more detail covid19 makes the bearish trend longer than it should be.

I agree that we did got affected but the thing here is that Bitcoin is still staying strong and in fact, it rose from the recent dump of $4,000 (when pandemic kicks in the strongest and a scam) to above $9,000 which is great considering that Bitcoin is staying that price for weeks now. Once this pandemic ends and business starts blooming again, we might see Bitcoin bloom too as new possible investors might invest in Bitcoin.
hero member
Activity: 2072
Merit: 656
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In fact, this is true that during a pandemic, crypto industries are being more popular. We noticed many people also intrduce and advertize about cryptocurrency in several media. However, what happen at that time was not always good because sometimes, the people face the scammers, not the real and legit crypto business.

However, aside from the fact above, we can see that some newcomers are coming in the crypto world. Many more institutions also welcome the cryptocurrency and also the blockchain technology. We have know about the benefits of working in crypto itself during this pandemic. It happens to me right now. When many people lose their jobs outside, and I also fee the same, I can still survive better because of working in the crypto world. So, this will really drive the interest of newcomers to be in the crypto world.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19
I don't think that you can simply compare crypto to traditional investments and say it's doing better over such an abstract time frame...
It's not that easy. You have to define the time frame and be more specific on the terms you define better with...

Even in terms of the recent economic crisis. Stock markets haven't plunged, believe it or not. The federal government promised to increase its budget to save companies and essentially the stock market survived so far without a crash. Lots of volatility and some losers, but many gainers too. BTC has meanwhile been stuck around 10k USD and altcoins haven't had that good of a year. So no, I wouldn't say that crypto as an investment has proved itself to be better. It's not that of a great comparison in the first place but the point in the OP is contrary to reality too.
hero member
Activity: 3052
Merit: 685
Based on what we are seeing now, I will agree with you.

Crypto is a weak market, that's at least what the stocks investors see prior to the pandemic, but when pandemic happens, they got tested and they fail, while crypto is still stable until now, but I don't want to conclude that they'll transfer their investment here to hedge what worst could possibly happen in the future. Honestly, I am still in the stage where I am observing now, if crypto market will end with a good note this year, then probably the market is going to be bullish.
full member
Activity: 1204
Merit: 102
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19

You are too positive thinking dude.
consider the market situation during the pandemic to this day. the crypto market is also experiencing a huge impact. maybe not very visible because from the beginning the crypto market has collapsed, but when viewed in more detail covid19 makes the bearish trend longer than it should be.
sr. member
Activity: 1176
Merit: 252
Futurov
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19

global economy was down because of covid19, including crypto market
in my opinion new normal will not change anything my friend, except this pandemic gone
jr. member
Activity: 784
Merit: 6
The pandemic might truly be limiting or holding some things back, despite that, the crypto market is still growing, although with some corrections. I just hope that even after the pandemic, the wall street traders o not come up with a huge FUD to make the market dump again, because that is what they are always after.
legendary
Activity: 2576
Merit: 1655
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19

Just to set things straight, crypto is already booming even prior the the COVID-19 pandemic, it's just magnify during the pandemic because we need to transact contactless, but there are also other means like credit/debit card. But then again, if they large companies you are saying didn't understand crypto's volatility, specially non related to crypto itself, then they might find themselves in a difficult situation. So there are risk factors that these big companies needs to consider first, before jumping on the bandwagon. They don't just easily invest because of the pandemic. But we can go and have a bright future without them.
hero member
Activity: 1360
Merit: 506
Partnership with real-world companies is the most important thing on which we should focus. Development, hashing power is growing along with network security. So everything looks promising technically, now we need only the adoption.  Smiley
sr. member
Activity: 1204
Merit: 388
It's a good thing to see them showing interest but how soon is this going to happen? They are going to focus more on bettering their institution after this pandemic because they never really cared about crypto and all they are looking for is to regulate people's fund.
legendary
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files
Popular Cryptos are doing better than traditional investment. Whole crypto market is doing improvement during covid pandemic where traditional businesses are suffering a lot. So large companies, banks found crypto as better field of investment and thereby most of the giants have separate arms to handle crypto assets. They are adding cryptos mainly btc, eth, defi into investment portfolio. Good days are coming if we survive through Covid19
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