Definitely, COVID 19 has an influence on the crypto market but I believe things are going to turn around soon based on the following factors:
1. Gradually, some countries are lifting lockdown to increase economic activities once Again, Wuhan in China has done that and just yesterday I heard Ghana has also lifted its intercity travel ban. Parts of Germany have also resumed some activities and all these are likely to influence the market trend positively.
2. The imminent BTC halving and the launch of Ethereum PoS protocol.
Topic: What will be the next movement in the market - page 5. (Read 1191 times)
Well we don't know what will happen but it can fall down because many new cases infected of the corona virus and many people died so the market might go dump again.
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
This ought to have happened long ago. Coronavirus (COVID-19) has been around for quite some time now. It was actually affected the market, but to did not take so long before it was overcome. The crypto market exhibited that attribute, that it could grow despite an economic crisis caused by the pandemic.
Very soon, the pandemic will be seen disappearing, which means that there will be no chance for it to be affected again, except if other factors will set in.
It is true that in the early days the Corona virus was able to make a big impact in the market. But now it is also true that crypto market has been able to recover well. And I'm hopeful that in the days ahead, we will be able to go to a better level.
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
Truly Covid 19 Virus Really Affects Crypto but not withstanding the best advice is too hold some good projects and projects which is not looking promising should sell off. But I don't think the crypto can get lower
I do not believe that anyone can say for sure what will happen next. The market is manipulated, so technical analysis does not always work. On the one hand, people will need money and they will sell, on the other, people will come to the market to make money. As always 50/50.
I think that there will be much more people who will come to the market than those who will sell crypto. when the pandemic will pass, the global crisis will begin and people who still have money will look for places in which they can save their money.
I know almost everyone would be saying market will increase because of the bitcoin halving but fact is if the virus continues to spread and affect many it will definitely create more panic and people may end up still not doing anything online regarding buying of bitcoin because they are not stable to monitor market and some would end up holding cash more. Let's just hope virus subsides and things go well as we have few more weeks to halving.
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
The corona virus pandemic indeed affected every aspect of life, and the only movement expected of this market is a positive one.
The market has indeed fluctuated but the only place isnan upward trend this coming week
Obviously, the next step after fiat money is crypto technology. it seems to me that the market will surely go down to shake out the hamsters, scare people, and then rapid growth will go ... that few people have time to buy! All profit!
I can repeat what everyone here says, the smart ones, we in crypto are used to this going up and down, for us, it's normal for the market to do that all the time! I don't see any problems in that and unlike other markets crypto market will recover, as always, not only that it will gain more power, which happens from every year! The next movement will be down and then up, after that down again and up higher than ever before! Wait for this incredible ride and try to arm yourself with some crypto!
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
Starting with your title, no one can rightly predict the movement of the market because it is controlled by many things such as fear and panic. Now to your main post, yes the deadly virus is affecting the cryptocurrencies and this is by instilling fear and panic in the market which makes most people indecisive thus selling to fiat; to most people their reason could be they don't know what will become of cryptocurrencies while to some their reason is to be able to hold fiat since they can't purchase goods and pay for services with cryptocurrencies. As for me, the harm has been caused in all sectors and markets hence holding fiat is good at the same time holding crypto is also good because crypto still have a long way to go.
Everyone is now thinking on the longterm at the moment. If halving cant pump the price beyond this because of the pandemic, The price wont be looking good at all after the halving. it is important that pandemic is controlled and market/businesses resume around the world to contain the panic sell and give ability for investment. By then focus will be more on altcoin, starts with ethereum to other part of the space, we could achieve breakthrough of significant projects like Libra etc
This pandemic affects the whole world and the cryptocurrency market is no exception.
Many countries shut down, many industries stalled and millions lost their jobs. For those reasons, the investment in the cryptocurrency market will decrease and we will need a lot of time to recover.
Many countries shut down, many industries stalled and millions lost their jobs. For those reasons, the investment in the cryptocurrency market will decrease and we will need a lot of time to recover.
For this pandemic the whole economic situation is not in a good position. So this crypto market is also suffering. But it's not for sure. In one hand people need money that's why they could sell out their crypto asset. And in other hand there is a chance that crypto market could grow. Cause when the fiat is not working digital currency is one of the best option. So there is both but at this moment market is not in a very bad position. So it's look fine.
I do not believe that anyone can say for sure what will happen next. The market is manipulated, so technical analysis does not always work. On the one hand, people will need money and they will sell, on the other, people will come to the market to make money. As always 50/50.
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
Fall? the opposite is happening. I think we have already the fall when bitcoin fell to $4900 and was likely to continue but the reversal was quick and we are now on $7000. I'm not expecting further falling although there will be some minor ups and downs because that's the usual behavior of the crypto market. Others have no choice but to sell their holdings for the provisions but they can get back on it again at any price so if the price that they are about to buy is lower, they are lucky.Yeah, But I'm thinking on long term, for now prices are growing, but really slowly, we already felt from 10k this year's, I think that this year's will not be a good year for crypto, I can be wrong of course
Anything can happen for this year but halving is approaching and mass positive expectation is overflowing to the community. I think you should consider that.
I think that already happened.
The recovery time is near.
China is already on their way to fully heal their land and I bet good news will also be received from other countries any time of this month.
If all goes back to the way it is then we might see a pump after the halving or even before it.
I guess it will be after though, since they will need to earn money again to buy their bitcoin back.
The recovery time is near.
China is already on their way to fully heal their land and I bet good news will also be received from other countries any time of this month.
If all goes back to the way it is then we might see a pump after the halving or even before it.
I guess it will be after though, since they will need to earn money again to buy their bitcoin back.
Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?
Have you been in the coma for the past few months?Price of bitcoin and other cryptos were hardly fell upto 40% when corona announced as Pandemic so its already happened but now the prices recovered in the great rate and reached $7000 range in no time.
On the contrary, I think next movement in the market will bullrun. Because a lot of people will use their digital money to do anything than their fiat money because this virus.
Almost at this time Corona virus fact so we can't confirm our life together so how we can tell them next market move? Even it's just luck to me if we will healthy everyday then i hope crypto market good position come back again. impact totally different thinking before and now so stay see world situation man.
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