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Topic: New normal world will make crypto better - page 7. (Read 1908 times)

full member
Activity: 480
Merit: 106
August 06, 2020, 02:32:58 PM
Maybe for now but I think it still too soon for cryptocurrency to actually overtake traditional businesses. Just because this time most countries still in lockdown with most businesses affected so crypto becomes a channel for investors to invest but what will happen after that? All I can say now is a good chance for crypto to marketing it toward average mass who looking to other channels to invest. That it.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
August 06, 2020, 02:14:49 PM
yes, if the COVID-19 problem can be resolved, there is a high chance that the world will return to normal and the crypto industry can be even better. At present the situation of the crypto market is slowly starting to show an increasing trend, on the other hand the adoption of crypto continues to increase, people are starting to look for jobs online including taking part in this industry and large companies are starting to adopt crypto.
full member
Activity: 532
Merit: 114
August 06, 2020, 01:29:51 PM
The new normal might just see a stabler cryptosphere, with a better educated and aware investor.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
August 06, 2020, 01:24:50 PM

It's the just major coins that are growing and altcoins seem to be left struggling still. If you are holding some altcoins that aren't growing for a long period of time, it's best to just exchange it with BTC.

The new normal world is just harsher than what the previous normal though. The only who will survive this new normal are the ones who are holding huge bags.
member
Activity: 124
Merit: 10
August 06, 2020, 01:16:19 PM
I think covid has come as a blessing in disguise for crypt market. With so many businesses going out of real world they are being forced to figure out new ways to come up with. This allows people to familiarise themselves with crypto as an option for payment for their businesses. If things go correctly this can actually boost the adoption by at least 40% if not more.
Yeah, I also think the same. Crypto, by some strange reason and stigma around it, makes not many people really consider it as a form of investment. But when everything turns upside down, the traditional practice of investment and business becomes unprofitable make way for crypto to shine, open eye for a lot of people. Really a blessing in disguise, indeed.
full member
Activity: 1568
Merit: 100
COMBONetwork
August 06, 2020, 12:49:28 PM
The popularity of crypto currencies is now increasing compared to 2018 or 2019, it seems that because after the halving and pandemic, people really like investing in cryptocurrencies, if it has become a habit, then crypto currencies will always be used, new normal will be the better in crypto currencies
hero member
Activity: 1540
Merit: 500
August 06, 2020, 12:41:13 PM
I think covid has come as a blessing in disguise for crypt market. With so many businesses going out of real world they are being forced to figure out new ways to come up with. This allows people to familiarise themselves with crypto as an option for payment for their businesses. If things go correctly this can actually boost the adoption by at least 40% if not more.
copper member
Activity: 658
Merit: 402
August 06, 2020, 12:26:36 PM
You could say that the economies of the countries hit by Covid19 are currently experiencing a collapse, including my country. For entrepreneurs it is very difficult to get back up, and many people have lost their jobs because the company cannot afford to pay wages (effect of covid19). of course cryptocurrency has a good opportunity to be used as an alternative investment and as a means of non-cash payment (especially bitcoin).
No doubt that in times of crisis like this, it will always affect the economy and the traditional market. The sudden stop of most businesses from operating, limited export and import, job losses, and more, it will surely have a decline in the economy and the market. But as for cryptocurrency, since it's isn't directly related to the individual economy of a certain country, it's a good alternative for the people to make investments. And this just shows the opportunity that the crypto market has.

but I have a little question, whether people will be busy looking for new business opportunities by getting into cryptocurrency, or will only focus on how to deal with being the most beautiful of Covid19 and leave the rest to the government ... !!!!!!
Not everyone is really open to this kind of adoption or investment, so when they struggle, they just depend and blame everything on the government without really looking at other opportunities they can get.
full member
Activity: 396
Merit: 106
August 06, 2020, 10:35:14 AM
There are many aspects that will make crypto better. The fear of inflation of fiat money is very high. So peoples nowadays wants to invest in gold and bitcoin. Besides of bitcoin they will discover the cryptocurrency market and will be convinced by the new technology of many projects.
When banking reduces the interest rate, as well as business, closing down because of Covid, the traditional ways of invest aren't popular anymore. This allows cryptocurrency to take a foothold and introduce its revolution blockchain tech. When someone falls, other will raise and I'm glad this is the turn for cryptocurrency to overtake the traditional ways of invest.
hero member
Activity: 672
Merit: 500
August 06, 2020, 10:22:33 AM
You could say that the economies of the countries hit by Covid19 are currently experiencing a collapse, including my country. For entrepreneurs it is very difficult to get back up, and many people have lost their jobs because the company cannot afford to pay wages (effect of covid19). of course cryptocurrency has a good opportunity to be used as an alternative investment and as a means of non-cash payment (especially bitcoin). but I have a little question, whether people will be busy looking for new business opportunities by getting into cryptocurrency, or will only focus on how to deal with being the most beautiful of Covid19 and leave the rest to the government ... !!!!!!
member
Activity: 686
Merit: 35
August 06, 2020, 09:36:07 AM
I also think crypto investment will be beneficial to a lot of people, because of the economic crisis as a result of the pandemic many people will look for a better alternative in crypto because this gives better profit than traditional investment.
member
Activity: 938
Merit: 13
AMEPAY
August 06, 2020, 09:33:37 AM
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
Yeah it is already evident from last couple of months and it seems like now the big guys want to take a big part of crypto market and this trend will continue till next 2 to 3 years now and i think crypto will be mass adopted for payments and remittances atleast.
hero member
Activity: 881
Merit: 500
CyberTrade
August 06, 2020, 09:24:56 AM
Covid caused the world to collapse, many countries were severely affected by this pandemic and it also caused the global economy to go down. Without Covid we would have seen Bitcoin surpassing ATH and this market would probably be the same as 2017. But it didn't work out like that, anyway I hope Covid will soon controlled and have vaccinated
Bitcoin is in a bull run right now and can easily surpass it's all time high in a matter of few months, you have to either wait patiently or just ask your friends to buy bitcoins in the mean time it reaches its ATH. COVID once gave whole economy a major shock in the start of the month of March but bitcoin recovered well in response of that bear cycle even better than the stock markets and now with the altcoin pump incoming it will be fun to watch it all. Also cryptocurrency use should be encouraged in the general public to make contactless payments in between the people so as to stop the transmission chain of COVID.
full member
Activity: 2548
Merit: 217
August 06, 2020, 09:14:52 AM
I agree with you...crypto space will be better than traditional investment.
While, with this pandemic situation, people is applied social distancing . Crypto payment can handle for any payment because it is no need contact between human.

Crypto will  able to cater this helping the financial system handling those online transactions, the presence of crypto space

are very usable in this kind of situations, this pandemic virus prevents people to interact and with the advice of WHO that

paper money are also prone of transfering the virus, more people will look for an alternative ways.

that's true and crypto can also be used for various things. It's not only having purpose to be a payment system but crypto is also being used by various communities in the so many platform. Crypto will never get any problem caused by the pandemic.

That's the beauty of this chain, the system is designed to assist and help the financial
institutions and also other venue of businesses in terms of system.
full member
Activity: 271
Merit: 100
August 06, 2020, 07:57:23 AM
I agree with you...crypto space will be better than traditional investment.
While, with this pandemic situation, people is applied social distancing . Crypto payment can handle for any payment because it is no need contact between human.
that's true and crypto can also be used for various things. It's not only having purpose to be a payment system but crypto is also being used by various communities in the so many platform. Crypto will never get any problem caused by the pandemic.
full member
Activity: 742
Merit: 102
Second Live
August 06, 2020, 07:28:54 AM
Covid caused the world to collapse, many countries were severely affected by this pandemic and it also caused the global economy to go down. Without Covid we would have seen Bitcoin surpassing ATH and this market would probably be the same as 2017. But it didn't work out like that, anyway I hope Covid will soon controlled and have vaccinated
hero member
Activity: 1470
Merit: 555
dont be greedy
August 06, 2020, 06:53:45 AM
In fact, crypto assets are not 100% immune to the global crisis, it's just that holders' emotional control is unstable when a pandemic suddenly occurs. Please see the BTC chart from the beginning of the year until now. There was an extreme decline in BTC prices in mid-March, during which international isolation was also imposed.

Then then in the next few months, prices returned to normal. This is where BTC and other digital assets stand out. Price recovery occurred so fast that prices stabilized again.

Then recently, the New Normal policy was enforced. The price of BTC even increased to reach 12k. Meanwhile, the world economy has not fully recovered.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
August 06, 2020, 03:03:00 AM
#99
I agree with you...crypto space will be better than traditional investment.
While, with this pandemic situation, people is applied social distancing . Crypto payment can handle for any payment because it is no need contact between human.
the pandemic has no relations with cryptocurrency. The only way they are connected is that the pandemic affects the global financial market and it affects the cryptocurrency market, but this is happening only now
sr. member
Activity: 784
Merit: 314
August 06, 2020, 02:58:26 AM
#98
I agree with you...crypto space will be better than traditional investment.
While, with this pandemic situation, people is applied social distancing . Crypto payment can handle for any payment because it is no need contact between human.
hero member
Activity: 1372
Merit: 503
August 06, 2020, 02:36:20 AM
#97
Its just prove that cryptospace industry cant be restricted by a mere pandemic. Yes at first, the market exploded like a bomb and fall down hard but from there, we can see interested community and people and makes that an opportunity to buy more during the big dump and now for sure those people are now celebrating with profits and its not the end yet. Chances of getting a continuous pump is on the way.
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