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Topic: The future of cryptocurrency during this pandemic (Read 973 times)

full member
Activity: 1190
Merit: 111
Pandemic nowadays has been running up to the present time now, but this pandemic has no effect on cryptocurrency or Bitcoin. But cryptocurrency became effective way for us to earn even we stayed at home online, and this has been proven and tested all over the places in the whole world, this was I saw honestly speaking.
member
Activity: 297
Merit: 40
We can now say that cryptocurrency during this pandemic is really great, during pandemic bitcoin has reached its new ATH for about $60k which is really huge amount of money and a big difference compared to the price of bitcoin when the pandemic is not yet existing, we can also say that during a pandemic is also a season for altcoins, as most of the altcoins have reaches its ATH as well. Maybe a lot of people became more active in the world of crypto during a pandemic because a lot of people have lost their job during the pandemic and maybe they have spent their time exploring cryptocurrency, which is something a really great idea.
sr. member
Activity: 1050
Merit: 286
i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.
The aftermath of this pandemic would be very much destructive in all aspects. When it comes to economy, due to the forced shut down of many business and less import and export, we will surely feel it after a year of the absence of the epidemic. For health, many people are dying each day specially in India wherein they loosen their protocols because they ended up being overconfident about the decrease of the cases in their country. We cannot fully rely on crypto but it will somehow help us in coping with this pandemic and those of us who have an idea about it, let us not waste the opportunity to secure our future through it.
full member
Activity: 644
Merit: 101
Bull season of Crytpocurrencies market helped me alot since i quit from my office job because of pandemic . I made good profit so i can use it to buy foods and others daily needs. Many of my friends also make money from crypto because crypto market offer different way to make money like staking, yield farming, airdrop, bounties, trading etc. We just need to keep learn how to minimize the risk.
And for value of crypto is already offer good return since pandemic started and this is good thing to avoid inflation of fiat. Many countries printed fiat to overcome the crisis because of the pandemic and this is not good for the country's economy itself,  because it can have a high impact on inflation and Bitcoin can be a solution to avoid that high inflation.
full member
Activity: 1554
Merit: 101
Due to outside activity being restricted I think in the crypto world the market will be bullish and more active and it happened from the beginning of this year to the middle of the year now, but these days the market is in a down condition and all the coins are having an impact, financial and health crises are happening at the same time at the same time so this isn't an easy thing to deal with.
sr. member
Activity: 1008
Merit: 250
SmartFi - EARN, LEND & TRADE
i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

Really ? I don't see the point of 'printing more fiat money' to support their health.
I think printing more fiat money only makes their people richer, but doesn't make them healthy, except they put the money to research vaccine.
On the other hand, cryptocurrency may have a good future if people going to use it more than using fiat money.
When fiat currency is printed, especially for the need for economic stimulus, its value experiences inflation. Instead, crypto tends to lead to deflation. Due to existing supply restrictions and increased demand, crypto's value took off.
it only applies to some crypto assets. a theory like that you cannot enter for all crypto assets.
in fact, many crypto assets have an unlimited number. they only depend on market demand. when demand increases, the price can increase. but if it is the other way around it can decrease.
sr. member
Activity: 1092
Merit: 256
i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

Really ? I don't see the point of 'printing more fiat money' to support their health.
I think printing more fiat money only makes their people richer, but doesn't make them healthy, except they put the money to research vaccine.
On the other hand, cryptocurrency may have a good future if people going to use it more than using fiat money.
When fiat currency is printed, especially for the need for economic stimulus, its value experiences inflation. Instead, crypto tends to lead to deflation. Due to existing supply restrictions and increased demand, crypto's value took off.
member
Activity: 753
Merit: 15
mulierum.com
in some countries there is an economic crisis where it will also impact to cryptocurrency. we can see in the market that when the market is down it can happen because many people sell their coins so that the price of coins in the market decreases. therefore, in times of crisis like this it is important for us to manage crypto assets that we have properly so that we don't experience losses by selling at low prices.
copper member
Activity: 54
Merit: 1
Pandemic accelerated the pace of change in financial services.  The evolution to a more digitally connected society will continue. Companies and innovators who want to remain relevant and in demand will have to keep up with the demands of a digital world, including digital currencies and how they will impact future markets.

N2 Coin brings together both Banking and Crypto services onto a Single platform. N2 aims at upgrading the current Business Model by harnessing the power of Blockchain technology. N2 is a decentralized GloFi (Global Financial) ecosystem powered by blockchain technology. The ICO which is raised can be the Future.
full member
Activity: 910
Merit: 101
One more year the corona pandemic has been running, cryptocurrency is still surviving even its value is getting bigger for bitcoin, which means that the pandemic does not hinder the circulation and even decreases one's interest in cryptocurrency, hopefully it will continue to the profit we can be satisfied in the crypto world.
newbie
Activity: 35
Merit: 0
crazy right this pandemic changes the world's opinion about cryptocurrency
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

Really ? I don't see the point of 'printing more fiat money' to support their health.
I think printing more fiat money only makes their people richer, but doesn't make them healthy, except they put the money to research vaccine.
On the other hand, cryptocurrency may have a good future if people going to use it more than using fiat money.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
Or do you want someone to help you survive the epidemic by sending you your personal cryptocurrency savings?
I can't do this but if someone who's well-off living and has a lot of means to survive, he can do this at his own will. But there's no obligation for someone who can do this unless their hearts has been touch.
In times like this where the world is faced with a global pandemic digital money will help and crypto is here. you will agree with me that some coins still moon under this situation  this is a clear indication that Digital currency is the future of the world and if this highly infectious disease must be prevented then the world needs to avoid printing paper notes and focus  more on digital currencies.
Link went to moon even in the midst of the pandemic so you are right with it. We will see more of the digital and cashless transactions in the future to avoid infection through paper notes because the virus stays on it.
jr. member
Activity: 119
Merit: 2
 In times like this where the world is faced with a global pandemic digital money will help and crypto is here. you will agree with me that some coins still moon under this situation  this is a clear indication that Digital currency is the future of the world and if this highly infectious disease must be prevented then the world needs to avoid printing paper notes and focus  more on digital currencies.
sr. member
Activity: 1313
Merit: 278
We ourselves must support ourselves. No one owes nothing to nobody.
This is a cryptocurrency world, which means that the only thing we can support each other is information.

Or do you want someone to help you survive the epidemic by sending you your personal cryptocurrency savings?

member
Activity: 789
Merit: 10
I think for the time being it is better to be concerned with one's own health, even though we are financially in a state of being strangled from the pandemic. That also applies to the crypto community, it helps us to give more attention to the funds we have for survival (if it has financial limitations), because there is no guarantee in trading in crypto except ourselves.
sr. member
Activity: 1610
Merit: 372
The whole business will now lose a huge amount of money. Many people may be left without a livelihood.
I do not think that cryptocurrency can help them get out of the situation that hangs over all of us.
On the contrary, cryptocurrency can temporarily fade into the background and lose its popularity.
After all, people will not have corny money to buy it.


sr. member
Activity: 626
Merit: 250
not just a health crisis but the whole world is experiencing a global crisis because of covid19, actually during quarantine everyone can focus on trade or something
Yes, but the trade that must be focused on by all people when quarantined is crypto trading, not trading in traditional markets, and that may not necessarily be done by everyone, because trading in crypto also requires different knowledge.
at a time like this all things that can produce and also do not harm others will be used. maybe trading is one of the right choices to do, but again the ability of the trader must be able to adjust, because if not then they will be closer to risk
full member
Activity: 1050
Merit: 100
not just a health crisis but the whole world is experiencing a global crisis because of covid19, actually during quarantine everyone can focus on trade or something
Yes, but the trade that must be focused on by all people when quarantined is crypto trading, not trading in traditional markets, and that may not necessarily be done by everyone, because trading in crypto also requires different knowledge.
sr. member
Activity: 1974
Merit: 453
Tell this to the poor one's and let your face be smacked lol just kidding. You can focus on doing this but during quarantine because of the disease I'd rather spend precious time with my family than perfecting the style of trading.

Spending time with your family members is totally cool. But at the same time, you need to have a source of income. For my part, my organization has given me the work from home option. But what about those guys whose work require physical activity and can't be done from home environment? I am talking about professions such as masonry, steel-forging, manufacturing.etc. Unfortunately these activities can't be done online. So they need to find another profession, at least temporarily. Trading may appeal to such people.
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