Topic: Possible Effects of Coronavirus on the Crypto Industry - page 2. (Read 461 times)

Like anything else, covid would have a negative impact on the price of crypto in short time but it would be much more beneficial to crypto in the long term as people realize the need of global co-ordination and the disadvantages of both cash and fiat money. This would also soften various political stands regarding crypto regulations.

Definitely, COVID-19 has a negative impact on every aspect from stock market to oil industry and of course crypto currency as well all has been ruined. It is still unclear what impact the digital asset industry will have on the medium and long term, Now investors are looking more closely at their investments than before. I think this COVID-19 has disappointed us from the bull run...

With the current vandemic status all countries implement a policy of working from home. This is good news because everyone can access the internet at home and work at home. and crypto is the biggest part of business using internet media, such as trading, airdrop or mining.

Among other things, the movement to regulate cryptocurrencies is now stronger than ever. With India and Korea taking important measures to not only legalize but encourage crypto trading, it is only a matter of time when we see more countries joining the crypto innovation.

you said it is just a matter of time for many countries to legalize bitcoin, but that time could be 10 years or 15 years from now. look at actulity, how many countries do you listen to legalizing bitcoin a year? countries only allow people to use bitcoin with some restrictions, but they do not talk about legalization, they always talk about a bill that hardly comes to fruition and this is because for politicians this is a less important issue for them, I can bet that most of politicians don't even know what bitcoin is, maybe they should have listened to it less than 10 times each year

The Coronavirus Pandemic is global. It’s everywhere and the impacts are being seen in every industry, worldwide. All the trading markets, including the stocks and mutual funds, are seeing a tremendous drop because people, as well as businesses, are greatly affected by the ongoing pandemic.

The crypto industry is also not untouched by the effects of the coronavirus. In the past week or so, we have seen many popular cryptos like bitcoin and ETH drop in value.

So, what does this mean for the crypto industry at large and how will it impact the future of cryptocurrencies, projects, companies, and investors. Let’s try to find out through our analysis of the cryptocurrency market during the Coronavirus pandemic.

Coronavirus Impact on Cryptocurrencies


Crash in Stock Markets

One of the major impacts of the ongoing Corona outbreak is being seen on the stock market, where the price of almost all the equity shares/holdings has dropped drastically in the past weeks. The debt funds are also not doing so well. The same behavior is being observed across the stock markets of all the countries. This is likely to have an impact on the finance industry as a whole.

A temporary drop in Crypto Prices


In recent days, we have seen a big drop in the price of cryptocurrencies across almost all the exchanges. The reason is simple, people and businesses are too busy dealing with the COVID-19 pandemic that they have no time to focus on cryptocurrencies, which has caused a drop in the demand and therefore price. But, this is not anything unusual and something we haven’t seen before. We know that the prices of cryptocurrencies will be back as soon as the market is back on its feet.

The Corona pandemic has affected the economies of both developed and under-developed countries alike, all of which are now struggling to keep going. Therefore, it’s only natural to see a drop in the interest in investments. But, as we know, the market will be back soon, and so will cryptocurrencies.

Good News for Cryptocurrencies


Amidst the ongoing global pandemic situation, there has been some goods news for crypto enthusiasts and investors. Since the stock market is dropping, more investors are now attracted to crypto investments. Since cryptocurrencies are digital, they are not severely impacted by this outbreak.

Now that people are at home and have enough time on their hands, they are spending time learning about cryptocurrencies, blockchain, and other related things, both as a way to improve their knowledge and become a better crypto investor. So, the interest in cryptocurrencies has certainly boosted due to the Coronavirus pandemic.

Another good news is that since the price of many major cryptocurrencies has dropped recently, this is the best time to invest in cryptocurrencies and projects. For instance, you can now buy the Titan coin at a lower price than ever before. And we know the coin will be back with a bang, so you can be assured of huge profits.

Crypto Legalisation


Among other things, the movement to regulate cryptocurrencies is now stronger than ever. With India and Korea taking important measures to not only legalize but encourage crypto trading, it is only a matter of time when we see more countries joining the crypto innovation.

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..Since the stock market is dropping, more investors are now attracted to crypto investments. Since cryptocurrencies are digital, they are not severely impacted by this outbreak.

With this case we have right now i dont think there are people will buying crypto currency, you will only do this if you are rich and have more money to use for investment and you choose to invest in bitcoin and crypto currency since its not so much affected with prices unlike stocks.

If you are a normal employee you will never invest your money because you know you are the one who need it most at this moment so investing is not your main priority but foods and other possible expenses.

Nothing gets that easily legalized in the world, look at weed for example, it has been illegal in many countries and still is illegal in many nations but nowadays there are a lot more nations who are actually making it legal, USA was one of the nations who had "war on drugs" that spent literally billions of dollars, maybe close to a trillion dollars to this day, and weed has won, it is more and more legal in every state, since federally they do not have a law that can stop the states, states will continue to legalize it by the day.

Crypto is just at the start and we are already supported by some countries, in one or two decades we will be supported by all the major and minor nations except just a handful few maybe.

How did you know that people are now attracted or seeing potential in crypto? Is there a statistics that shows that marketcap went up when this pandemic started? Well, it did the other way hence it followed the stock market. Hence, crypto is a good alternative and yet, there is room for profit for large investors.

you said it is just a matter of time for many countries to legalize bitcoin, but that time could be 10 years or 15 years from now. look at actulity, how many countries do you listen to legalizing bitcoin a year? countries only allow people to use bitcoin with some restrictions, but they do not talk about legalization, they always talk about a bill that hardly comes to fruition and this is because for politicians this is a less important issue for them, I can bet that most of politicians don't even know what bitcoin is, maybe they should have listened to it less than 10 times each year

Crypto Legalisation


Among other things, the movement to regulate cryptocurrencies is now stronger than ever. With India and Korea taking important measures to not only legalize but encourage crypto trading, it is only a matter of time when we see more countries joining the crypto innovation.