To support Cryptocurrency at an uncertain moment because now keep holding the coin and not panic. Some countries are already implementing the Lockdown, which means no one can get out of their place of residence. People are required to do quarantine themselves, so all activities are done at home. And with this condition, people need groceries for supplies during Lockdown treated. Investors invest in cryptocurrencies at any time can withdraw funds. The impact we felt a few days ago, the crypto market dropped very sharply.
As long as the Corona virus spread the crypto conditions erratic. We don't need to panic because Bitcoin is able to pump again after a decline.
Topic: The future of cryptocurrency during this pandemic - page 4. (Read 981 times)
The pandemic is affecting everything around the world Including crypto. By now everyone hoped that Bitcoin price would have surpass where it is now as Bitcoin halving is coming but nothing of such is happening now and things might not happen the way people expect. The future is bright but it's also having it's share of this bad season.
Actually the down of bitcoin not to considered as symptoms of a bad season of the bitcoin as well as the market because as what we are seeing bitcoin is dumping maybe because the bitcoin halving is very near. Bitcoin halving and the pandemic virus are one of the major cases why the down of the market is happening right now. Yes you're true that the future is really bright right now but there are some bad happenings that might happen or waving on us.
The pandemic is affecting everything around the world Including crypto. By now everyone hoped that Bitcoin price would have surpass where it is now as Bitcoin halving is coming but nothing of such is happening now and things might not happen the way people expect. The future is bright but it's also having it's share of this bad season.
One good stuff for crypto during all this pandemic hysteria that people are siting at home and having huge amount of free time and cheap connection to the internet.
Actually thete are so many ways on how we can work on the future of cryptocurrency due to the pandemic coronavirus that is happening right now in the world. We can introduce them the cryptocurrency so that they will be able to market online of through digital money and through the help of this we will be able to promote safty of everyone because they will be able to not touch even a single piece of paper money in order to pay something that's ehy wr can prevent the spreading of this pandemic virus as well as we promote the future of cryptocurrency.
Fiat is the most stable asset when there is economic crisis all over the world so people are converting their assets into cash which makes it more stable now but this is not going to affect cryptos anyway mostly that is why we are facing recovery state of cryptos from the huge crisis states.If people think cryptos are stronger than fiat then it will bring good future to cryptos and it seems we are heading into that way.
We are seeing good movement from the current market, there are people who are working and pushing this industry. we've seen progress and if thiswill continue and more and more investors will follow expect a much bigger benefits from this economy.
Try to find a best place according to your understanding and how you assess greater future for your investment, keep sorting while seeing the opportunities during this pandemic virus is affecting the mindsets of those traders and investors.
as a family member of cryptocurrency, it is a time for sharing and connect to everyone for the future of every single citizen as requirements for being free and unity as traders, particularly many of us are busy talking about on how to exit or fight against covid-19, and yes I'm glad to see by the concern on how to prevent the fatality of this kind of virus, and I think the vaccine is the only key to bring back the people smiles and to regain their independence.
Fiat is the most stable asset when there is economic crisis all over the world so people are converting their assets into cash which makes it more stable now but this is not going to affect cryptos anyway mostly that is why we are facing recovery state of cryptos from the huge crisis states.If people think cryptos are stronger than fiat then it will bring good future to cryptos and it seems we are heading into that way.
What makes you think that fiat currency is no longer stable? If it wasn't any longer stable, the economy of each and every country would go down and a huge global economic recession would hit causing too much trouble on peoples everyday life. People would end up suffering very badly. They wouldn't even be able to afford anything.
On other hand, you are saying that the world is helping the people during the pandemic by printing money? Lol, please tell me where you read about this? Do you even know how badly it is going to affect the countries economy if they print money during this period of time?
On other hand, you are saying that the world is helping the people during the pandemic by printing money? Lol, please tell me where you read about this? Do you even know how badly it is going to affect the countries economy if they print money during this period of time?
The 2008 crisis was sparked by massive amounts of low-quality debt. The solution was vastly larger amounts of low-quality debt. Very few folks really understand that the entire global economy is significantly buoyed by the issue of debt (which has juiced the markets to insanity).
And just a few of us Poindexters have followed the resultant years of discourse about 'MMT,' the breath-takingly radical notion that governments should print unlimited amounts of money, and just give it away. (This is a simplification; but only just -- Google 'MMT')
The virus, however, has suddenly made 'proto-MMT' perfectly acceptable. And while fiat currencies may remain stable for the interim, I am happy to go on record:
massive and prolonged debasement of a fiat currency will surely result in hyperinflation.
In my opinion, in an effort to overcome this difficult situation, we invite everyone to make cryptocurrency as a medium of exchange, because we all know that fiat money has the potential to infect the coronavirus that is currently happening in the world. in addition, if someone or a community that has a large asset, at least we can channel donations to the state in deciding the pandemic ration that is happening, moreover many people can not leave the house so they need the necessities of life while undergoing isolation at home.
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.
In any case, the crisis is to be expected due to quarantine. But everything should return to normal after a pandemic. What is the cryptocurrency family doing to support their own community at this perilous time.
These are the times where cash is the king.
Crypto will always have a future and it will make a huge boom along with the stocks market but the problem is we don't know when will that happen.
Lots of people will lose their jobs. You can't expect them to have the luxury to make investments anymore. The game has changed.
Crypto will always have a future and it will make a huge boom along with the stocks market but the problem is we don't know when will that happen.
Lots of people will lose their jobs. You can't expect them to have the luxury to make investments anymore. The game has changed.
And that is the reason why many crypto users are encashing their crypto portfolio. You can't blame them as it is needed for their survival in this pandemic situation. Those who can afford not to touch their crypto are very lucky as sooner or in the future, bitcoin will rise again. This is only temporary. Once we got the solution for this such as the vaccine, the economy will recover again.
I can't be so sure. This may take multiple years before we recover. The economy have been a bubble in the last 20 years. Covid19 was just the pin.
We were already going to collapse. Covid19 just happened to be the reason.
'Covid19 just happened to be the reason.'
Best comment on the whole thread.
I think the cryptocurrency family has taken a new step aimed at helping the financial crisis that occurred due to this pandemic. many new crypto launched to help the virus that is a problem in this world, crypto is engaged in the health sector. I hope that many investors will participate in supporting the move of this type of crypto. because when this virus is handled properly, I'm sure the price of crypto and the condition of the world fiat economy will improve again.
Everyone wants this to happen, but the situation in the world is very chaotic now and this epidemic will directly affect the global economy. I am really depressed by this epidemic because during this time my main job has been delayed and I will have to try hard to make money in the future. Hopefully, countries with advanced health care, such as the UK, the US and Germany, can soon find vaccines to help get things back to normal.
The future of cryptocurrency will be both good and bad. Good in the sense that people will realize that this is also one way to earn money without going out or physical interaction with people. Bad since during this pandemic everything is going down. The state that crypto is in rightnow is not good that it doesn't mean it won't get better. Crypto can't really do much as this pandemic happens.
You got the point, there's chances to earned if you invest in the right timing but also risk is high once you mistakenly place your money when huge dumped take place.This virus open the doors for more people to learn about alternative money and once more people be exposed then the chance to have more support
to happen.
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Not only the current market is resetting but the earth as a whole is resetting itself. The environment is starting to get cleaner as people forced not to go outside because of the pandemic.At the time you posted this, the market is still bleeding but days after it at this moment some of them are recovering already even though the cases of this pandemic is still increasing.
In my opinion, prices of crypto are still based on sentiments of the investors and the fundamentals that is being spread in the internet so it is still the same with other market. The only difference is that, Bitcoin went down harder than the stock market around the world. Lets stay on our home. As they always say here in my place "Stay on your home or stay in a coffin."
still most of my investments are in fiat and still seems quite risky to change them all for crypto
Markets doesn't react instantly so we may have to wait til coronavirus can't spread anymore then the governments will have to think over of the flaws. There could be a chance that blockchain are going to be used on stock market soon so that people can switch from stocks to cryptocurrencies and maybe countries will realize how susceptible the current financial system with contagious virus that could kill thousands every century.
I think the cryptocurrency family has taken a new step aimed at helping the financial crisis that occurred due to this pandemic. many new crypto launched to help the virus that is a problem in this world, crypto is engaged in the health sector. I hope that many investors will participate in supporting the move of this type of crypto. because when this virus is handled properly, I'm sure the price of crypto and the condition of the world fiat economy will improve again.
The future of cryptocurrency will be both good and bad. Good in the sense that people will realize that this is also one way to earn money without going out or physical interaction with people. Bad since during this pandemic everything is going down. The state that crypto is in rightnow is not good that it doesn't mean it won't get better. Crypto can't really do much as this pandemic happens.
What do you expect them to be doing? Print more BTC or other coins and dash out out to the community? That's funny though. This period isn't good for anyone so many projects are in serious difficult moment too. Only expectation now is to trade and trade wisely.
Trade wisely is good advice for any time, not just now. For sure this is a difficult period for many, but old saying is what doesn't kill you will make you stronger. I think crypto will continue to be what it was until now, same old, but with printing more money fiat economy is going in wrong direction, why would crypto fallow that? Old era is coming to an end, it's time to go full digital! This huge crisis will turn people to crypto, here people know that crypto is future, it's time for the all others to understand that too.
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