The future of cryptocurrency during this pandemic - page 5.

BlackFor3st

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Quote from: BayAngelo on March 23, 2020, 11:09:02 AM

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.

This pandemic is very serious so I think that it can surely affect how the crypto world work, as what I have notice to the latest happenings in the market the crypto prices goes down pretty bad in response to how the pandemic affect each countries. There are countries that impose a total lockdown because of this pandemic and because of it many are selling their crypto assets just to secure the daily needs especially if the lockdown will likely to happen within a month or more.

But after this pandemic, I am sure that the future of crypto currency will become more brighter especially that we didn't meet yet the bull season.

Bububoyeer

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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.

Eugenar

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Well, as this crisis happens, our economy falls as well as the cryptocurrency, but the good thing is, it is still high, it ranges for about 6,000$ which is still a big amount of money. Even though the real life system falls because of the virus, cryptocurrency also affected by the virus but not likely affected as the real life system.

Quote from: bttmember on March 23, 2020, 03:32:56 PM

The situation is getting worse in many many countries where this virus has just started, the only solution seems to be isolation and lockdown of cities but then again it is not an easy option for countries where people struggle to make a living as lockdown will mean no business or work of any sort, it is very serious condition and the world has to unite to win this.

Having lockdown in different countries is the good decision of the government to avoid the risk of getting infected by the virus, because that is the only thing to kill the virus, if people could obey all the rules of our government the virus will stop.

antsam

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Quote from: shinratensei_ on March 23, 2020, 10:11:29 PM

Quote from: antsam on March 23, 2020, 10:08:30 PM

Not only the world of Crypto, even the stock market has fallen, the world fiat currency is also falling in value against the dollar. This is only temporary, just look at Crypto starting the recovery response from China which has begun to overcome the pandemic. Let's pray that the pandemic is over and the world is back to normal

All of the things are related to the financial advice have been fallen to the ground caused by this virus. This is not even temporary caused by we are still in the racing with the time to find the vaccine. The vaccine is the only key to make all of the people in the world torus to get into the market again. So many countries have been using a lot of resources to find the vaccine for this virus but the problem is when this vaccine can't be done in short time and that forces us to survive even longer.

Hopefully the vaccine can be found soon, this Pandemic will end soon so that the condition of the world financial markets including Crypto can be stable again. Hopefully Halving Bitcoin coming soon is not in vain because of this pandemic

adzino

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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?

Perfect35

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When HIV/AIDS came, it affected a lot of economic activities, but today, it has been seen as a normal thing. When SARS came, it started in China, investments were affected, but today, it is now a forgotten issue. The same as LASSA fever. Now, we are talking about COVIC-19. That is what is on vogue. Common, with the passage of time, it will also end. Despite how intense it is, cryptocurrency is waxing stronger. For this reason, I am confident that crypto will survive any hardship.

akwfleaspirit

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There is always a future with cryptocurrency, as my believe goes, cryptocurrency can never die. Each year, it keeps waxing strong and more awareness to it is being created. With the pandemic, it has nothing to do with the future of cryptocurrency, it's just an occurrence that will pass away in no time. It affected the world and so is cryptocurrency also affected, cryptocurrency future is very strong while the pandemic will fade away.

kingzpro

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I agree with the point that cryptocurrencies will come out stronger than ever after this pandemic is controlled around the world and im sure world will also realize that it is time to get rid of paper money and i think we will quickly move towards mass adoption after things are back to normal. Many countries are also working towards pro crypto regulations which will also boost crypto market.

safem

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It is so unfortunate that so many countries of the world are going through a turbulent time with this pandemic.Some of these countries are being assured certain ways of relief and support by their government to make them feel encouraged at this season .The financial institutions of some of these countries are devising ways by which they can make citizens to be financially assisted at this period when everyone seems to panic for no hope.Some at this period may not be able to afford the purchase of preventive materials against the pandemic due to lack of fund. Hence, these financial institutions are seeking to provide support.However, such support may not be possible from crypto because it is an investment venture which is opened for any willing individual to invest.The future of crypto I believe is still secure no matter the health challenge at the moment.

jrrsparkles

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Crypto currencies are decentralized so we can only expect individuals to help people if there is a need for it.But printing money and giving people is just only to maintain their economy from going into deep down so all they are giving is free money and ask them to spend which makes more issues in the long term.

pandanaran

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You are not mistaken, I also agree with you that 2018-2019 and 2020 are really bad years for the cryptoqurrency industry, especially with the emergence of VirusCorona, which has also affected all world activities and the stock market etc. but I am sure that the cryptoqurrency market situation will not always be like this.

BitcoinTurk

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Unfortunately, it seems unlikely to be optimistic or optimistic for the crypto markets, considering that the global markets are getting worse day by day and the estimates that many experts have made a more serious crisis than the 2008 crisis. There is a rapid decline especially in the stock markets and many investors continue to buy gold instead of holding cash. I think that the negative weather in these markets, where there is hard selling pressures, will affect the crypto money markets even more. Moreover, despite the policy of countries' central banks to issue unlimited money, we could not see the green color in neither global markets nor crypto markets. If we think that this crisis will not remain so and the pain will be felt much worse, it will not be correct to be optimistic for the crypto money markets yet. In the upcoming period, it is necessary to comment on the crypto money markets depending on the global markets and the change of economic conditions.

Rosilito

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Wish for the rain? Then deal with the mud too.

Quote from: avikz on March 23, 2020, 02:49:52 PM

The world is not just moving towards a health crisis but it is also moving towards a major financial crisis. The entire fiat market is resetting itself. If you look at any major stock market around the world, you will see only red everywhere. Cryptos should have provided a safe heaven during this time, but it also seems to follow the same trend more or less. So at this moment, nothing is really safe. Crypto can't really print on its own to support the crypto families during this testing times. Stay safe and stay at home! Our first priority is to save our own life. Money can come later!

Agree, stuff tend to turn the opposite way, crypto as what we expect to be the safe haven the most became the thing that we cannot rely for now with today's environment. Everything falls down, no market been safe with the crisis effect, not even crypto space. We are somehow lucky right now that the market came to risen up a little, not that low, I mean somehow fair and not that high either. Because people like to give a shot on buying as it came from a severe drop down recently hoping that sooner that the market would get back from its decent price. Anyway, stay safe there buddy.

fortunecrypto

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Quote from: avikz on March 23, 2020, 02:49:52 PM

The world is not just moving towards a health crisis but it is also moving towards a major financial crisis. The entire fiat market is resetting itself. If you look at any major stock market around the world, you will see only red everywhere. Cryptos should have provided a safe heaven during this time, but it also seems to follow the same trend more or less. So at this moment, nothing is really safe. Crypto can't really print on its own to support the crypto families during this testing times. Stay safe and stay at home! Our first priority is to save our own life. Money can come later!

What happen now is something new to the industry, we have not experienced something like this in the past, this is the first time that the market faces a pandemic and unfortunately the market react negatively, we owe it to the industry leader why Bitcoin did not crash to it's lowest level we now need to support the market now that stabilizes.

20kevin20

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All I can do right now "to support the community" is stay on here and keep believing in a future of crypto. The ideal situation is if some of the businessmen move to accepting only crypto, but how realistic is it? The future of cryptocurrencies is very uncertain but the current crisis is not going to stop me from believing in one. Worse or better, the fact is they aren't going to die and be gone forever.

Being under a forced lockdown (I've been under self-isolation for about a month now already) limits all my activities. There isn't much we can do other than just developing coins and projects and mentally supporting my friends.

sodiik

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Current global conditions are erratic. Everyone should be prepared with the conditions that will occur. As long as the Covid-19 virus has not been lost of course it will always have a negative impact on global. Everyone now needs real money because they are also getting ready to buy the basic necessities. A few days ago saw the cryptocurrency dropping very sharply. To date, the conditions of the crypto-currency market are uncertain (unstable).

However, as long as this happens to the Cryptocurrency is able to run and even increasingly popular until now. So the future of Cryptocurrency for me is very good. If the Covid-19 virus ends and slowly the recovering economy will definitely have a positive impact on Cryptocurrency growth.

Vishnu.Reang

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I have noticed one thing during this pandemic. The stock markets around the world have plummeted by around 40%. Similarly, cryptocurrencies have also lost anywhere from 40% to 60% of their value. That means that there is a strong correlation between stock markets and cryptocurrency market. On the other hand, the bullion prices have gone up significantly during the same time. And this proves that cryptocurrencies are more related to equities, than they are to bullion.

rathaha10

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Quote from: BayAngelo on March 23, 2020, 11:09:02 AM

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 coronavirus pandemic has caused a goobal crisis that if cure to the virus is not funded on time, it will lead to massive failure of virtually every sector out there which will take years before they recover back to their former state. I think the best thing the cryptocurrency community can do now is be optimistic for full global recovery has it has been proven many times that no sector will flourish when there's a global crisis goin on

davidroux

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Quote from: geegaw on March 25, 2020, 09:09:46 AM

Quote from: joshua123 on March 24, 2020, 11:47:35 PM

No one can really sure the future of crypto. Before so many have been positive during the bitcoin halving on May, but with the insertion of this pandemic virus, I think everythint change that. Stocks and even lots of business around everywhere are now falling down, and many people are suffering from huge loss and even needed to provide cash for supplies needed for this mess. Crypto isnt exempted from this, nothing safe now but staying at home. Avoid being contact with this virus at all cost.

The nature of the future with crypto is always uncertain, this pandemic only adds a bit of anxiety to the future of crypto but it's not too scary because this is a global event, we may be in a chaos but this pandemic is unlikely to function permanently, the government will prevent it as soon as possible. And finally, a part of the budget will be poured into the market, the economy in many fields will recover, stable income will return, crypto will still be a destination for many people, don't let this pandemic change our positive thinking in crypto

I am still very worried about this pandemic and certainly will not show signs of stopping in the near future. I think things will not be the same as before and billions of people will be affected in daily life. In fact, the crypto market is also very volatile and some investors have lost huge profits. Of course, I don't know what will happen in the near future, but hopefully the price of Bitcoin will rise again

geegaw

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Quote from: joshua123 on March 24, 2020, 11:47:35 PM

No one can really sure the future of crypto. Before so many have been positive during the bitcoin halving on May, but with the insertion of this pandemic virus, I think everythint change that. Stocks and even lots of business around everywhere are now falling down, and many people are suffering from huge loss and even needed to provide cash for supplies needed for this mess. Crypto isnt exempted from this, nothing safe now but staying at home. Avoid being contact with this virus at all cost.

The nature of the future with crypto is always uncertain, this pandemic only adds a bit of anxiety to the future of crypto but it's not too scary because this is a global event, we may be in a chaos but this pandemic is unlikely to function permanently, the government will prevent it as soon as possible. And finally, a part of the budget will be poured into the market, the economy in many fields will recover, stable income will return, crypto will still be a destination for many people, don't let this pandemic change our positive thinking in crypto

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