The Role of Cryptocurrencies in Pandemic Times

sana54210

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Quote from: raes on May 03, 2021, 09:12:59 AM

I don't understand whether crypto really played a role during the current pandemic.
when a lot of despair with a lot of closed jobs, maybe looking for income from crypto is a little bit of a solution. but it can't be done easily for people who are new to crypto.
but in reality, when some of the global markets is experiencing decreasing economic problems. but in the crypto market, we can see the start of a rally that actually started when this pandemic began to worry.

It wasn't just people who wanted to get involved with crypto, obviously that played a big role in this but that doesn't mean that it was the only thing that mattered, it just means that we are talking about something that included millions of people who are new to crypto and had a bit of money to invest and that is a good start, that is a good base to build before you skyrocket.

However biggest news came from companies, tesla, elon in general, microstrategy, grayscale, paypal and many others like that started to buy bitcoin in hundreds of millions even in billions of dollars. That impacted the price a lot more not only because they bought, but because at least that much was bought because of the news they bought. That is why we can say that this was a collective deal by people and huge companies to get together and increase the price.

Gheka

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Quote from: criket on May 03, 2021, 09:44:57 AM

Quote from: johnwest on May 03, 2021, 09:37:12 AM

Quote from: BaeSuzy on May 03, 2021, 06:57:32 AM

Crypto help me a lot in this pandemic time. I can earn more money from this field, i'm doing bounty / daily trading and in this pandemic time crypto rise so high and almost all big coins reach their ATH. Especially for everyone who struggle to earn money in real life, crypto save their life.

All I could find when I researched is this...
https://app.equilibrium.io/gateway/en/market/Eq

It's one of those projects where you trade them on their website. It's not even on Uniswap yet, may you could find someone whose ready to sell on their telegram channel but it's risky.

I find the OP's words more like a PR stunt than genuine concern in the pandemic but I would say that crypto has been the savior of many in these tough times.

I believe crypto has really saved a lot of people in this difficult season. when our movements are restricted and many jobs are closed crypto seems to be a solution when everything can be done at home.
During the global pandemic, we can see that the price of stock investment continues to decline. many stock investors have also moved into the crypto market. that means they get a way of earning from other means provided by the crypto market.

Some people know about crypto before the pandemic, crypto has become a relatively good fulcrum for them, at least they have an extra source of income at home in a chaotic social landscape but for some people who have known about crypto lately, the role of crypto really stresses them when their money is here and difficult to move due to their fundamental mistakes. But you still say correctly that the time of the pandemic has moved many members from stocks and embraced a new opportunity such as crypto, which could be the reason for the feats of the crypto market.

qory

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Quote from: Xcode7 on May 03, 2021, 10:25:34 AM

Quote from: Bangbok Escrow on January 25, 2021, 08:20:07 AM

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

this time of pandemic forces people to work harder to sustain their economy. one of them is me, I was introduced by my friend about crypto investing in mid-2019. and until now I have felt the results, even though on a small scale, but they have greatly helped my economy during this pandemic. After I felt the results of this crypto investment, I invited some of my friends who were also affected by this pandemic. and they are also happy about what this crypto investment has resulted because it really helped stabilize their economy during this pandemic.

This pandemic everyone are willing to indulge and maximize every opportunity there is just to sustain their lives. Thus many people started acknowledging and trying crypto world since the pandemic.

Xcode7

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Quote from: Bangbok Escrow on January 25, 2021, 08:20:07 AM

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

this time of pandemic forces people to work harder to sustain their economy. one of them is me, I was introduced by my friend about crypto investing in mid-2019. and until now I have felt the results, even though on a small scale, but they have greatly helped my economy during this pandemic. After I felt the results of this crypto investment, I invited some of my friends who were also affected by this pandemic. and they are also happy about what this crypto investment has resulted because it really helped stabilize their economy during this pandemic.

darewaller

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Quote from: criket on May 03, 2021, 09:44:57 AM

I believe crypto has really saved a lot of people in this difficult season. when our movements are restricted and many jobs are closed crypto seems to be a solution when everything can be done at home.

I must admit that I am the one of those people who found another earning opportunity along with crypto trading after pandemic. Due to some reasons when I was unable to continue into my regular job, I decided to start crypto trading as I have some experience in trading field which fortunately supported me to live my life peacefully even in this pandemic times.

Quote from: criket on May 03, 2021, 09:44:57 AM

During the global pandemic, we can see that the price of stock investment continues to decline. many stock investors have also moved into the crypto market.

Not just traders but investors also moved into crypto platform which must be the reason why we have sustaining and continuously increasing crypto markets even in the times of pandemic.

criket

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Quote from: johnwest on May 03, 2021, 09:37:12 AM

Quote from: BaeSuzy on May 03, 2021, 06:57:32 AM

Crypto help me a lot in this pandemic time. I can earn more money from this field, i'm doing bounty / daily trading and in this pandemic time crypto rise so high and almost all big coins reach their ATH. Especially for everyone who struggle to earn money in real life, crypto save their life.

All I could find when I researched is this...
https://app.equilibrium.io/gateway/en/market/Eq

It's one of those projects where you trade them on their website. It's not even on Uniswap yet, may you could find someone whose ready to sell on their telegram channel but it's risky.

I find the OP's words more like a PR stunt than genuine concern in the pandemic but I would say that crypto has been the savior of many in these tough times.

I believe crypto has really saved a lot of people in this difficult season. when our movements are restricted and many jobs are closed crypto seems to be a solution when everything can be done at home.
During the global pandemic, we can see that the price of stock investment continues to decline. many stock investors have also moved into the crypto market. that means they get a way of earning from other means provided by the crypto market.

Alanaz

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indirectly the pandemic is actually causing panic and considerable losses for everyone around the world, but try to take the positive side as it is today because with this pandemic people are starting to turn to crypto to start their new business and without realizing the growth of the crypto world has gotten bigger since the onset of this pandemic.
because they started experimenting with something related to crypto and started wanting to try things like this too.
I think a lot of people have depended on crypto since the pandemic hit the world. maikin more and more and the dependence increases too

johnwest

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Quote from: BaeSuzy on May 03, 2021, 06:57:32 AM

Crypto help me a lot in this pandemic time. I can earn more money from this field, i'm doing bounty / daily trading and in this pandemic time crypto rise so high and almost all big coins reach their ATH. Especially for everyone who struggle to earn money in real life, crypto save their life.

All I could find when I researched is this...
https://app.equilibrium.io/gateway/en/market/Eq

It's one of those projects where you trade them on their website. It's not even on Uniswap yet, may you could find someone whose ready to sell on their telegram channel but it's risky.

I find the OP's words more like a PR stunt than genuine concern in the pandemic but I would say that crypto has been the savior of many in these tough times.

raes

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I don't understand whether crypto really played a role during the current pandemic.
when a lot of despair with a lot of closed jobs, maybe looking for income from crypto is a little bit of a solution. but it can't be done easily for people who are new to crypto.
but in reality, when some of the global markets is experiencing decreasing economic problems. but in the crypto market, we can see the start of a rally that actually started when this pandemic began to worry.

Mostafiz07

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The current pandemic situation has had a very detrimental effect on our daily lives. Thousands of us have lost our jobs. Many financial institutions in our country have closed down. Everyone has suffered financially as a result but I have been involved in cryptocurrency since 2018. So I managed to get over it. I invested some of my money in cryptocurrency 3 months ago. I have almost doubled my profit from there. I am very lucky that I am associated with cryptocurrency.

rahmat86

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Quote from: Bangbok Escrow on January 25, 2021, 08:20:07 AM

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

I haven't seen equilibrium on any exchange and after I checked the Coinmarketcap Equilibrium, I finished doing the ICO. can you give me an exchange for buying and selling the Equilibrium ?

BaeSuzy

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Crypto help me a lot in this pandemic time. I can earn more money from this field, i'm doing bounty / daily trading and in this pandemic time crypto rise so high and almost all big coins reach their ATH. Especially for everyone who struggle to earn money in real life, crypto save their life.

Luffygroove

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cryptocurrencies sure are one of a way out to solve our financial issues in this pandemic. I can see one of the reasons why that the popularity of cryptocurrencies increasing because we're in pandemic states right now where people can't go out, people got fired, etc that makes them tried to find another alternative to gain some money. We don't need to go out from the home to gain some cash and it's answering our needs in this pandemic state. More people joining, more hype for crypto sphere, more risk there but more we can gain.

olori 4

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Quote from: mamesso on May 03, 2021, 02:08:56 AM

The pandemic has paralyzed various field, One of those affected is the economic sector, limited movement of people of course reduces their income, thus making some people have to do work online, The Covid-19 outbreak that has attacked various sectors, especially the economy, has had its own impact on the performance of cryptocurrency especially Bitcoin. although cryptocurrency performance is not always smooth, but public trust is increasing in cryptocurrency. Now cryptocurrencies especially bitcoin are in the limelight, the trend that is shown to be always up makes some people still entrust their money to invest in cryptocurrency when the corona strikes.

To be frantic, some things are just blessing in disguise when they eventually happen. The pandemic was almost causing the collapse of all activities, both online and offline. This was seen to affect crypto, Bitcoin and the likes at the initial stage, but at a point, almost everyone switched to investing in crypto, including those that envisaged bankruptcy.

leea-1334

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Quote from: dezoel on May 02, 2021, 03:11:25 PM

I have to say the biggest one for me was the capability of earning money at home without needing to go to work. I have always been a freelancer in the crypto world and made my money that way, which was already something I loved because I didn't had to leave my home and that is awesome as it is. Now that pandemic happened, for the past 1+ year it has become even better, more and more people work at home of course but I was doing it before anyone else and I feel lucky.

This is one of the most overlooked benefits of Bitcoin, people forgot about it,,, that this is freedom to use money independently. p2p money like it was first proposed. Before, you had to use PayPal which of course didn't support everyone (and still needs bank or card attached).

This is the true enabler of freelancer economy! No one to block your account or say you can't use the network:)

mamesso

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The pandemic has paralyzed various field, One of those affected is the economic sector, limited movement of people of course reduces their income, thus making some people have to do work online, The Covid-19 outbreak that has attacked various sectors, especially the economy, has had its own impact on the performance of cryptocurrency especially Bitcoin. although cryptocurrency performance is not always smooth, but public trust is increasing in cryptocurrency. Now cryptocurrencies especially bitcoin are in the limelight, the trend that is shown to be always up makes some people still entrust their money to invest in cryptocurrency when the corona strikes.

noorammak

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Cryptocurrencies have helped many people become rich thanks to the shifting of assets around the world to cryptocurrencies. During a pandemic, cash flows from actual trading were drawn and transferred to gold, silver, stocks, foreign exchange and cryptocurrencies.
The cryptocurrency market is still young and new, so the growth opportunities are increased as the cash inflow becomes larger, so during the pandemic, the market capitalization has tripled compared to the total ATH market in 2017.
I believe that with the wide acceptance of investment companies and institutions around the world, cryptocurrencies will grow and expand their capitalization to hundreds of trillions of dollars.
During the pandemic, cryptocurrencies helped many people to become rich.

tygeade

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Quote from: arifteguhr on May 02, 2021, 10:39:48 PM

Most of the people it helped from the money they invested last year are now able to make a profit. from an economic point of view, people who invest in the cryptocurrency market will certainly benefit from investing nowadays.

Fortunately crypto markets trade stable and stronger among pandemic issues which resulted in easy money making option for many people in this covid times. Not just for the people who invested earlier and waited for boom but for the traders who started just after losing their day job also, crypto market provided very good income stream, thanks to strong bull run after bitcoin's 3rd halving.

I watched some of covid specific coins and tokens and some were created to collect donation etc. but all of them turned scam and shit projects over the time but old and reputed coins continues with their marvelous run to get good returns for all investors and traders.

infer

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Quote from: Bangbok Escrow on January 25, 2021, 08:20:07 AM

This pandemic period is very detrimental for all of us, especially financial problems. Luckily I have been working on #Crypto since 2017 and this year I found EquilibriumDeFi to boost my finances.
Regarding the details of EquilibriumDeFi you can see it on their official twitter https://twitter.com/EquilibriumDeFi

How about your experience?

This pandemic has greatly affected our economy.
You know, The epidemic greatly affected the economy, some companies had to close. And we're unemployed. But thanks to me investing a little cryptocurrency, my life is fine and not affected much.
I can work with the computer without a company, which is very convenient.

arifteguhr

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Most of the people it helped from the money they invested last year are now able to make a profit. from an economic point of view,
people who invest in the cryptocurrency market will certainly benefit from investing nowadays. and I am pretty sure that in the future when people are now interested in investing will provide a sizable return. The pandemic has made many people lose their jobs

Topic: The Role of Cryptocurrencies in Pandemic Times (Read 724 times)