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Topic: The future of cryptocurrency during this pandemic - page 7. (Read 973 times)

hero member
Activity: 2912
Merit: 556
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The future of cryptocurrency still has a good chance to be used as a payment system. The support of cryptocurrency now becomes bigger, as many people know aware of cryptocurrency. And we know that many people learn about cryptocurrency. But still, the cryptocurrency needs government approval before it can be a payment system. Perhaps, we need to wait for more because right now, each government still busy with the pandemic, and they are still trying hard to cure their people. So we can still walk on our way in the cryptocurrency, while if the time comes, we will see the government will accept crypto, and that means we will see adoption from people who want to use cryptocurrency.
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
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.
Do not worry about your money as of now. You better think on your own safety first and pray for the other country that has been infected by the said virus. We all know that cryptocurrency price as of now became red but we all know that it will comeback sooner or later after this crisis. As of now , stay on your home and wait what will happen to the market in the future.
legendary
Activity: 3276
Merit: 2442
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.

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.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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.

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.
sr. member
Activity: 1701
Merit: 308
For now we can say the whole world is looking for a solution to deal with the problem of economic and health crisis, we can see the impeding that applied can impede the work that we continue to rely on, we expect the crypto world One way to animate our family for now and I am sure this is not the end of everything.
legendary
Activity: 3276
Merit: 2442
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.
legendary
Activity: 2058
Merit: 1270
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The world is in a terrible shock at what's happening right now, this pandemic is presenting itself as a great challenge to almost every country in the world, even the world powers; they control the fiat currencies, so they have to provide it for their citizens as they stay at home and work from home during this period, I heard that even the world bank is planning on giving out funds to countries that has numerous cases of this virus, to help them provide medical care to those tested positive.

You cannot expect to receive cryptocurrencies for doing nothing this period due to the corona virus outbreak, though you can donate to those in need with your cryptocurrency, but that is your personal choice.  
member
Activity: 700
Merit: 27
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What do you expect? Crypto is decentralized and not controlled by any gov or organization, do not expect someone to start sending coins to others wallet because of this pandemic, it's the government job to look after it's people
hero member
Activity: 1316
Merit: 503
After a sharp drop in prices on the cryptocurrency market caused by the spread of coronavirus, now the price of bitcoin and the entire market is gradually recovering. Today we are already seeing the price of bitcoin at $ 6,483 after its initial drop to $ 5,000. It will largely depend on the effectiveness of the fight against coronavirus, because if this process drags on, then perhaps people will again be forced to spend cryptocurrency. Then it will again begin to fall in price. Let's hope for the best.
Investors have already realized that Bitcoin is not a safe haven like gold. Digital gold claims are no longer valid because, at the time of an epidemic crisis like this, the price of bitcoin declined.
sr. member
Activity: 1848
Merit: 298
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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.

As parts of countries and parts of world goes under lockdown, crypto would rise as a convenient way of transfer of value. With paper money being one of the culprit for transmission, the countries that have no effective use of digital currency would need the help of crypto to make it's people safe. We can't lock out for years and this virus is not going to get easy.
full member
Activity: 2352
Merit: 245
After a sharp drop in prices on the cryptocurrency market caused by the spread of coronavirus, now the price of bitcoin and the entire market is gradually recovering. Today we are already seeing the price of bitcoin at $ 6,483 after its initial drop to $ 5,000. It will largely depend on the effectiveness of the fight against coronavirus, because if this process drags on, then perhaps people will again be forced to spend cryptocurrency. Then it will again begin to fall in price. Let's hope for the best.
legendary
Activity: 1498
Merit: 1000
The crypto market is very small when we compare it to other markets. And certainly the entire market of the world is seriously affected by the Corona pandemic, we are in danger of an economic crisis and if it happens it will certainly be very bad. We should hope that this pandemic will end quickly and everything will return to the beginning
full member
Activity: 406
Merit: 104
Convert Crypto at BestChange
I don't think the world will go through under health crisis, rather it is happening now and I hope it will end very soon! You must be known that cryptocurrency is decentralized, so no government can handle it nor print it like native money! That's why if you want to do something in this tough moment, then you can sell your shit coins to buy Bitcoin, Ethereum and other top coins and if you see dump coming then you should convert your Bitcoin into a stable coin like USDC, USDT, DAI! Do trade with caution, that's we can do in crypto in this condition of the world!
hero member
Activity: 2156
Merit: 803
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A major global health crisis has already started and slowly a big financial crisis is on the way. Global markets are on the verge of collapsing, everyone is selling to accumulate fiat. The same is happening in cryptocurrency market. I see a lot of selling pressure in the market.

Infill this crisis issue has been resolved I do not expect much from the cryptocurrency market. It is a panic situation you cannot expect positive signals.

The only thing we can do as a community is to stay indoors and stop the spreading of this virus untill a vaccine is out in the market.
hero member
Activity: 2926
Merit: 567
 
What is the cryptocurrency family doing to support their own community at this perilous time.

The support is still there, the price is now stable and climbing now, we are still here posting on this forum all the mining and shops in the industry are still operating we still continuing what we have been doing and in time the price will recover,we just need to what we have been doing, this is the best opportunity to buy too.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 2044
Merit: 109
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
sr. member
Activity: 479
Merit: 250
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As long as crypto currency can be as an alternative way for traditional payment system and crypto will have a very bright future to be re-considered again as the best choice for the payment system. I heard that some countries have already tried to use crypto to replace their traditional payment system to avoid covid 19.
I think people will learn more about Blockchain technology because this is a very good platform to develop in the near future. In my opinion this disease has helped this crypto market a lot because people have a lot of free time to learn. However, not everyone has a great interest here and it will certainly take a lot of time for this technology to develop in many other countries.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
The best thing we can all do during this pandemic is entirely unrelated to crypto, and that is to stay home and stay sanitary at all times. Even if you're young, you could still be a carrier of the virus if you happen to catch it and spread it while asymptomatic, and that's incredibly selfish. It can be tempting to go outside in times like these especially when springtime is near, but don't.

Cryptocurrencies aren't really doing anything to support their communities since most are decentralized and the centralized ones don't seem especially interested in directly supporting their communities. If anything, crypto's just as risky during these times because people tend to panic and sell during crises just like with fiat investments.
jr. member
Activity: 176
Merit: 1
I think as a bounty hunter, always think positively, by contributing by not doing carelessness in following the secam case, in this pandemic there are still people who exploit this situation by making projects for donations, and that is a scam. always think positive and wise
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