I don't really think that the virus are giving positive effects in the price, but it really may. Most people stay in doors right now, and that's why BTC and crypto are being searched more than ever.
A lot of people also don't have jobs right now and they're looking for other ways to get income while at home. They can either play it very carefully by HODLING and trading top major coins, there are also bug bounties where you just need to catch an error and you get paid, and the usual airdrop and bounty campaigns but they already had bad reputations because of what happened in the past few years.
Topic: Positive Impact & Negative Impact For the cryptocurrency market? (Read 127 times)
So some still thinks that Coronavirus don't have any impact on crypto value? This is hard to believe because many have sold their bitcoin to stay alive in the outbreak, I'd rather wait and see how things will play out after Bitcoin halving because I doubt there will be any difference unless the virus is gone
The negative and positive impact #1 do conflict. And let's correct what you have said about the #2 about it. The correct term is that the block rewards for miners will be cut into half.
Because every block they receive 12.5BTC and this is every 10 minutes and once the halving commences, it will be reduced to 6.25BTC. That's the half of it.
https://www.coindesk.com/bitcoin-halving-explainer
Because every block they receive 12.5BTC and this is every 10 minutes and once the halving commences, it will be reduced to 6.25BTC. That's the half of it.
https://www.coindesk.com/bitcoin-halving-explainer
I doubt if the virus has had any positive influence on the cryptocurrencyarket aside negative impacts. The pandemic caused a sudden crash of Btc to sub 3k and price has been trying to recover. For all we know it's all rumours that investment in cryptocurrency increased in this period I doubt if this is true almost everyone is trying to stay alive this period and cryptocurrency is the least of their worries.
(-) The negative impact of the corona virus on the cryptoqurrency market?
1. the crypto market is weakening
2. Many prize projects are delayed
3. project investors decline
4. Crypto users complain (empty bag)
5. etc.
(+) The positive effects after the corona virus can be overcome?
1. the crypto market is improving
2. half of bitcoin is reduced, the price of bitcoin will be significantly 50% -80% (juny - september)
3. The bounty project is profitable again
4. investors are increasing
5. 60% increase in market adoption & prize hunters (thick bags)
6. etc.
1. the crypto market is weakening
2. Many prize projects are delayed
3. project investors decline
4. Crypto users complain (empty bag)
5. etc.
(+) The positive effects after the corona virus can be overcome?
1. the crypto market is improving
2. half of bitcoin is reduced, the price of bitcoin will be significantly 50% -80% (juny - september)
3. The bounty project is profitable again
4. investors are increasing
5. 60% increase in market adoption & prize hunters (thick bags)
6. etc.
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