Bitcoin Forum

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

I think you are wrong, now that people are on lockdown they will be forced to look at other online jobs available, many lost their jobs already, companies have been able to master new opportunities by digitizing business processes and moving employees online.

Any links for news into why or when they stopped the mining rigs?
Or is this just a speculation?

We are in quarantine and that means we cannot leave our premises anytime we want. There is just a scheduled time.
But this are mining equipment which could work on their own. They could just be left there or a group of people could be assigned to maintain it.
They won't need to go home if all the necessities is in their reach.

About the conferences though. It can still be done in live stream.
Just let those who will join know that it will still continue in another way, which is possible while we are quarantined.

My point of view is different on this matter we all know the main reason of the current situation almost every industry is struggling not only cryptocurrencies we just have to be patience and wait for the right moment hopefully we will have brilliant occasions in near future whenever the circumstances will be in control.

I don't think the OP talking about stopping mining rigs but stopping the production of new mining equipment. There are many sources on the net about this.

That's true, we are still under community quarantine because of the existing virus and the price of different cryptocurrency is not yet stable especially the price of the bitcoin, bitcoin is not going so well with the day, last yesterday the bitcoin reaches 7,000$ and it is now 6,800$, the price of the bitcoin is not yet stable, we cannot predict whether it will goes high or goes low. So I just wanna remind all the traders out there to be careful when doing trading because you may lose your money if you don't observe well the market or the good thing to do for now is just wait for the bitcoin bull run.

Give source for that news that china stop equipment production.  As i know china has a low case now in corona virus so that country is not so much affected with lockdowns or any ways that can affect thier economy.  So there is no reasons for them to stop it , they are not fully recovered but at least many people on that country can freely back into thier work.

Obviously it's not but so far market is still in good condition although not really stable, we have the community belief's and support to thank for this, especially the whales who prefer to not dump their coin, especially to the CEO of Binance who announced that he will never sell his share of coins in the market.

Nobody expected the impact of the pandemic could really be depressing for both the economy and the crypto market. To look at the brighter side, this could be a good opportunity for those who would like to invest in crypto since the market had fallen, or for those who have spare to invest to buy cheaper crypto. The problem is even businessmen and rich people are struggling during the pandemic.

Internet is the number one important now that we are not allowed to go out to work or find a job.People are now relying on online works and businesses that's why i think crypto will remain productive at this moment.

The truth of the matter is that, at the moment, the world is not healthy due to the pandemic.
You and i, and other people of the world, are indoors, and com-pulsed to stay home, making us unable to do anything new, and we people are crypto currency, hence it cannot be healthy.

The flunctuations will continue, until there is stability across the world, and the pandemic cease.
In the mean time, take profit from the unhealthiness, and explore crypto currency.

If people can't go outside to work, I believe they will choose online jobs. And investing in this market will definitely be a good choice, this market will certainly grow this year because many new investors are entering the market.

It's true, it was understandable because we are on the brace of a Global Pandemic called COVID-19 it is useless to gather any crypto-related events without guarantee to make it successful because most people are afraid of getting infected and it was also prohibited to make gatherings to prevent more infection with the COVID-19 virus and its pretty obvious that the market is not yet in a healthy state as you mentioned.

What do you mean? These conferences for the year were held why some of the conferences were cancelled due to the high rate of the spread of the pandemic. For me, these cancelations were on the interest of the people and also, many of these conferences were been held with clients over the internet. The market has been on fluctuating index but doesn't mean that, the market isn't beneficial to the community. In my own opinion, cryptocurrency is still  more healthier than before due to mass adoption that's currently going on around the world today.

Do not worry, soon everything will be back to normal, we just have to stop the transfer of this virus to new people and eventually it will stop, in most parts of the world like asia it is expected that till may it will be controlled while hopefully US, UK and EU will also be able to control it by june and everything will be back and normal, i am positive that crypro market will come out stronger after this crisis.

Of course, the Bitcoin block halving on this year which is expected in the next few weeks.
It's kinda exciting, especially we are experiencing some world problems like coronavirus (covid19). But this block halving will not be able to prevent or being stopped by some event like coronavirus or some person or even the government. I think this is one of the best event for cryptocurrency this year.

Even they stop manufacturing mining equipments for their employees safety, there is a lot of mining rigs existing already that are functioning in every countries around the globe, so I guess this won't affect the cryptocurrency price at all. If you're pertaining about the market situation right now, it is because of the Halving that is going to happen this year, expect of a sudden price drop but it will eventually going up to the moon soon, no doubt about it.

What we need is patient and stop panicking because of the current situation, it will do no good to us.

This is inevitable, of course conference will be shut down or cancelled. No one will risk their lives for benefiting a blockchain symposium. With the case of mining, I doubt they will stop it. Yes China has started this virus but I doubt production will be stopped. Also even it got stop, do you think we dont have enough miners to do these transactions? I am sure corporations doesnt need huge manpower as these rigs are running without any manforce.

The virus has no good on crypto investment. See how slow the progress on the market? Actually were quite lucky compared to sector of stocks that are totally devastated by the crisis.

Point of correction, the internet  has been the arena of getting jobs done this days because of the government ban on citizens movement across their countries. Tagging the internet to cryptocurrency as what makes it healthier looks dull in my opinion. Although, the entire market even the stock market are also experiencing the same as cryptocurrency and there is hope for the cryptocurrency to have a positive impact on the ongoing economic crisis, this made me to be sure that, the cryptocurrency industry is getting healthier than before.

Definitely not good for entire crypto space. But, unfortunately we do not have any other option other than facing it. Only when there will be a vaccination to be invented or by isolation people completely wiping out corona from world, we can expect changes to life which may slowly restore things like before.

We can simply assume that crypto is still not in healthy state yet because we are not having bitcoin into its original price levels where it was before the corona outbreak News happened. I mean bitcoin prices are just the flag to identify whether crypto is in progressive state or in negative trend.

The production in mining rigs are back in business in china, do your own research very well, some new projects postponed launch but not all of them, some works digitally and things are going accordingly

Yes, many of the crypto conferences and mining productivity has been stopped during this pandemic time. :( Many altcoins and even bitcoin prices aren't going well, its fluctuating day by day and unstable because of this quarantine. ??? Unsurprisingly, we can't predict the price of coins whether it goes high or low. :-\ So, it's better to stay calm and not to trade or invest in this time rather analyze the market well and be patient to return the bull market run.

Confs was a great space for networking and shilling. This may be not so good for devs but actually i dont think that this is really terrible

Yes,  we could say that crypto isn't healthy yet with the current market situation but I have to disagree when saying the people stop accumulating crypto because of the pandemic. To the extent that crypto runs through online,  we can still do trading, mining, and some other crypto investment. If we are also basing the price, I think we are good and healthy enough than what it happens last year.

I may think it was market adoption which is not yet ready and strong but talking about the status of the market, we are still in the average level.

The question should be how bad is this for cryptocurrency? The year 2020 started off fine, everyone anticipated Btc halving boom a virus outbreak everything crashed. This is not only bad for cryptocurrency but the world economy as well.

China did control almost everything, there is no problem to manufacture any mining equipment. China already ready to release all products in time as do every year. You could say, cryptocurrency conference cancelled but now everything is in roll. Only top coin is in healthy way but still altcoins couldn't do anything surprising.

The virus outbreak already done it's damage on the upcoming bitcoin halving but on the other part it's helping crypto to get well recognized more better, people have no choice but to stay safe now and work at home, crypto will always be among the list of working online using Google search

We could easily say this since they are the producers, even in vast major fields China is the best producer of anything that's why their economy is booming ever since. It is easy to say that China is hustling to control almost everything, even the virus is suspected to be their weapon for a silent war although it is not proven, just yet, but we can't blame a country for controlling everything they got powers and they want to be on top.

You should look after bitcoin fork, the BitcoinSV and other alternative like LINK and Tezos you could easily determine that these coins are doing so good that they are the only coins in all green or the last month, 6 months and a year. You should take a look on these coins, perfectly profitable at this time.

maybe for the big miners who use this modern tool is a big loss. but when compared to the risk that they would get if forced themselves to do mining, then this is the best way. although this is a big loss for the development of the crypto world

Did you just come up with this assertion or you saw it somewhere stated that mining has been halted and blablabla?
moreover, you did not point out to any source which would make us believe you.
Those looked down or self quarantined at home at this time will only be left with activities online alongside their families, because they cannot go to the world outside for offline jobs. So it is likely we see most of them coming to venture into crypto, since it is online-based.

yes maybe that will happen soon, after the corona virus outbreak problem can be resolved. Right now the world is in an emergency situation by Corona. Community and global economic activities are not conducive, but I am sure that after the outbreak is gone, the world will return to normal and the crypto industry will be stable again.

My opinion is about not only  crypto, all of  the  projects are effective by covid -19. So we should not worried about all new & old projects running in the market. Nature is called change of time.

With time crypto popularity will climb up, many will have no choice but to look for means to survive, working online search will rise up using Google search English I bet, crypto is the best option to turn to

We'll likely move on and things will slowly get back to the previous state crypto-wise.

There are way more important things we should take care of at the moment imo. We should be worried about the way life will look post-lockdown, now whether the cancellation/postponing of conferences is good or not for cryptocurrencies.

Because everything is now postponed, why does it make a difference that conferences aren't held anymore either? On the other hand though.. they could've held them online. I have never followed a crypto one, are they really that important for the future of cryptocurrencies? We have roadmaps, blog posts published by devs etc.. we can see the history of a coin's development if we're willing to. The existence of a coin doesn't depend on conferences so I'm not worried about them at all..

I think that cryptocurrencies are looking good and healthy when compared to all the crazy shit that's going on out there in the world.

Stocks were crashing hard until the market sessions got stopped and countries begun to print money.
So many people lost their jobs and many more will lose them in the next 2 months.

This is going to be a disaster but cryptocurrencies aren't even at their bear market lows. It's good. It means people are still buying.

Nothing is in healthy state recently due to the Corona virus pandemic nothing is safe out there now.It is not the crypto-market that is affected all bussiness worldwide are been affected some are even closed so we can say crypto is in safe hands compare to other bussiness.Some icos are still ongoing upto even though some are postponed but still crypto is doing well more than other bussinesses.

This is the advantage in crypto or blockchain technology. Conferences is just a bonus to disseminate the information/knowledge about crypto. We can always do it online or search online what it is all about. This technology is not dependent on conferences. They are only holding these events to connect potential investors, customers or stakeholders. So I am not worried also with the halt of conferences.
In terms of mining equipment, the OP has no source where he got the notion that China totally stopped the production. Now, that Wuhan is open. I don't think manufacturing companies are still shutdown. They are slowly going back to normal life.

Do not worry dear, crypto market is still better than most other financial markets at the moment, considering how corona virus has crushed every market, just hope that it will be over soon and businesses will be back and i am sure crypto market will be the first to move this time around.

The halving is yet to take place, it should be around sometime next month, how then has the corona virus pandemic "damaged" the halving; I'm aware there are a lot of newbies that are eager for the halving to happen and they are expectant due to a possibility that BTC price will go up, that may or may not happen, the virus may or may not affect it, you cannot be sure of what will happen.
Sport competitions was cancelled, international travels banned, even free movements of people was restricted etc, every activity that brings people together was cancelled to stop the pandemic spread and that's why the cryptocurrency conferences were cancelled, not because of the"doom" of crypto.

I was waiting to buy a crypto asset at a very cheap price because of the Pandemic, but no the virus has no maximum impact on the market, the market is as strong as ever, the whales just playing their usual game buy dumping and buying cheap. The market is very healthy for me.

We can as well say the same for the world and its economy at large. Crypto might not be the alternative safe haven alas but it's certainly not doing badly, strong and established coins are still waxing strong as well as the new coins with good background and structure like Solana too. So I am confident

Do you really tried to figure it out that stoping mining manufacture equipment is pushing price up. Any single good reason I didn't find for cryptocurrency after attack COVID-19. Just look at the crisis worldwide, every market feel that crisis. Bitcoin price was more good than now, only coronavirus hold this price and only for this viruses crypto isn't healthy yet.

This is not good but crypto will survive, in fact, we survive the big dump and starting recover.
Instead, we just have to look at the big picture, what you are stating is a just a small piece of the pie hence the effect is very small.

The network will still run, people will be interested in investing then that would make this market grow and I believe its possible as stocks a losing a lot of money, big investors are looking for an alternative.

The longer the time we spend in the crisis and the more the pandemic is prolonged, the more the number of those in crypto will increase, because that might gradually be a haven for them.  There is no doubt about it, crypto is actually increasing. It is paving way for more potential investors.
I still appreciate tat the crypto market has been able to prove that it is different, by growing amidst market downturn.

You must also keep in mind the risks involved in crypto, because if you don't have a strong mentality in the current market, what many people want can turn around.
basically do not ever try to enter but do not want to experience a loss.

Covid 19 make bitcoin and cryptocurrency not healthy yet and keep going down until today, although one  month later will have bitcoin halving but still not giving good respond to make bitcoin going on the top price. We need solution how to increase world economic well back soon after covid 19 ended and bitcoin will back to higher price.

It will surely affect the crypto and as you can see we are still struggling to push the market upward because of the outbreak. If this will continue, the worst scenario will be many investors will be forced to sell their bitcoin holding just to buy foods and etc. that will be needed in their daily living.

Big whales can handle long time lockdown but for the middle class, many will be having difficulty especially if the expenses will keep on growing while there is no coming earnings. If we will be finish by this outbreak then maybe the market will be back to a healthy state but we don't know yet if when it will happen.

Since the arrival of covid-19, the whole economy has been greatly affected and if it cannot be improved soon, this year will be the same economic crisis year as in 2008. I really do not want this to happen but the situation is very unpredictable now and the crypto market is now very vulnerable. I just hope this situation can end soon and people return to normal life.

Obviously not a good situation right now. Anything was affected including cryptocurrency gains like mining. If you noticed, bitcoin's price is also hard to recover. It's like people are focusing on this dilemna and set aside other investments. But despite of this, there is still good news. Others may focus more about crypto trading like this one;
 India increases volume in crypto trading because of covid lockdown (https://www.coindesk.com/crypto-trading-volumes-rise-in-india-after-banking-crisis-covid-19-lockdown?amp=1). Seems positive for crypto but its still down in performance.

It has bad and good sides because there might be postponed events about crypto due to this pandemic, but the lockdown seems good for people looking for opportunity online to have an extra income.

And this moment is a right timing to engage themselves in crypto since they have plenty of time to learn and understand everything.

This problem of the world shall pass so lets just think positive and have a helping hand to others who are in need.

Mining farms may need employees to solve technical problems of the mining rigs or to mount new ones, but they probably aren't needed very often or even if they would be needed on a daily basis, the mining farms won't ever be overcrowded. In fact, supermarkets are more likely to be overcrowded during a lockdown than a mining farm. But we're talking about the Chinese authorities, so expect anything.. :)

Conferences will be held again after the lockdown gets lifted (hopefully). If they wanted to hold a conference, even if they wanted to do it by live-streaming it without any spectators physically being there, they still should've gathered crypto personalities from all around the world. They'd probably all travel by air, and so on. Risks increase, obviously. So cutting off the conferences for now isn't a big deal imo.

We cannot stop the market from falling and we have to admit that many industries are affected, yes its not healthy right now but as a small investor, I still see a dump market as a good opportunity to buy. Crypto will survive, this can still be a safe place for us so don’t lose hope and stay a positive mind towards cryptocurrency.

Nothing is in a healthy state recently due to the Corona virus pandemic.Both Large and small industries are badly affected ,millions of people have lost their jobs due to the pandemic so it is safe to say nothing is in a healthy state right now we just pray that this will soon come to an end so that all things will be back to normal again.

   I wouldn't say that like that, crypto-currencies are not sick, they are just young and not yet fully developed.
Which is a normal thing, Bitcoin exist 10 years, but most of other popular crypto-currencies are much younger.
   Just because they are young and not yet developed we can't say it's not a healthy state! It's why I said many
times that we are still in early stages, and we need to be patient and wait for years before we see some huge
break trough!

Once this pandemic is over Crypto market will be one of the first industry to get up, and will immediately go to the bull because it has managed  to live in a crisis like this, hopefully the market will stay on the $6k to $7k  level until we find a vaccine for this pandemic it wrecks havoc on everything.

You are right, this pandemic has led to the shut down of many activities all over the world and not just only the cryptocurrency market, any event that has to do with more than 10 people gathering have been shutdown and obviously this isn't good for global commerce as even workplaces got shutdown. This pandemic is really a blow on the entire cryptocurrency market as this market is known to be thriving when the entire world is in good condition and when lots new people are joining the market. Well, we just have to be optimistic as this is just the first quarter out four quarters we would have in the year, i hope the pandemic goes with this first quarter so that other quarters will bring with them a prosperous market

This is because the whole world is in a financial crisis, so it is normal that cryptocurrency is financially affected, that is why cryptocurrency is not safe to this pandemic of the corona virus and how people is starting to panic. A lot of people probably started to sell their bitcoin and other cryptocurrencies from the last dump because they need to buy the things that they needed during lockdowns. Good thing that bitcoin is slowly recovering it's price up to $6,000.

Entire world is facing the heat due to this pandemic and it will take lot of time for all the industries and economy to be back on track. Not only crypto even other markets have fallen badly and will be taking times to recover due to this virus. It is only time which one pass things will start to get normal and a good time for the investors to invest during this market as priced are low.

Crypto is safe i think and if we take it as an alternative financial and investment market then surely crypto market will start booming soon, when the traditional economy and businesses suffer people will look for alternative market so cryptois highly likely to boom post covid-19. Even now the crypto market is largely down because people are keeping liquid cash in hand due to pandemic fear but as doon as it is resolved money will pump into crypto that will pump the prices.

How we can expect everyone to be simply continuing their work regardless of how economic of their country will be doing. I mean to continue the mining process you must have support from their country like there should not be any interruption in electricity supply. There will be plenty of chances for the country to cut down power supply for some hours when that is an economic collapse in that country. Similar situation is applicable for traders and project developers.

People who are depending on other resources other than cryptos, must get impacted because of economic slowdown due to this corona outbreak. This may result in crypto space as well and this is the simple reason why we need to assume that crypto is not yet in healthy state.

eventhough this is a rough moment in the world due to the pandemic disease, I still believe this is the right moment people can really learn and make use of the crypto from the comfort of their home and today i read somewhere on the forum that udemy is witnessing a huge new users taking course in crypto. About the mining shutting down, I have not heard news about that and I do not think locking down a country stops mining rig from working

Currently all industries are in trouble. Because the Corona virus has been attacked worldwide. The global economy has suffered a huge loss. For the panic of the Corona virus in the crypto market, there was a huge collapse. Crypto is not outside the world, when the global economy is on the verge of collapse, it is natural that there will be major changes in the crypto market as well. So we have to wait for the departure of the Corona virus.

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.
Hopefully the epidemic will end soon and things will grow back.

It has been a rollercoaster since last year's high, the whole market has been in a depressing state, highly volatile with no certainties.

I still believe that crypto world will slowly enter into healthy state very soon as corona outbreak may come to an end at any time soon. I mean there should be some vaccination to be invented against corona or not but regardless of that people may win the war against corona by simply staying within home.

When new people are suffering in low rate and suffered people are recovering then institutional investors start their business which will lead bitcoin prices and altcoin prices like before so the crypto world again get into healthy state.

This epidemic has affected not just out offline works but even our online transactions. But i don't think crypto market has affected this much because the market is still in a good condition. We are still expecting bitcoin halving few weeks from now and hopefully this will be a great start for bitcoin and the rest of potential altcoins to pump again.

Totally not good. But I appreciate if you can cite the source that explaining how China stop manufacturing of mining equipment. Mining is a vital part of any project especially btc, eth and other big coins that uses mining. However, we cant deny that this crisis have a bad effect on the market, well maybe some miners stop their operation but I still believe some will continue as they know that this crisis will somehow passes by for quite sometime in the future. Do we need to start panicking when this happen? Also if the miners gone, Im not sure that btc will just died out. Of course Satoshi expected that supply will run out but Im sure it will not stop there. Maybe effect will be noticed but hell cryptocurrency project will died out after supply has been depleted.

Yes, at this state people will find money to support their needs as this virus continue to hurt everyone. Many people have no money to use at this time of crisis. Meanwhile, in crypto world, the market is in the state of recovering as you can see in the price of coins in the market. Bitcoin goes back to the previous price and continue to strike back again. We can see that it's not affected as previously by this pandemic. It already overcomes the resistance of the effects of the crisis even though the global economy is struggling.

Yes, that must be the proper reason why we are having bearish markets right now. We cannot expect people keep on investing into cryptos when they are finding their usual life itself too hard without proper income streams; I do read lots of companies are laying off their employees which must be another consequences when world economics get slowed down. So, it is obvious cryptos are not in healthy state right now.

At the same time we can expect institutional funds to start flowing into cryptos in coming days as those people might be looking for alternate investments when no other markets are not doing good these days.

the emergence of the corona virus does not bring positive points into the cryptoqurrency market, as we have seen that the emergence of the corona virus has a negative impact on the market. now many projects are delayed, do not pay participants, there are a number of successful projects, but tokens cannot be distributed to participants, etc. Corona is still a big problem right now.

That's some of the problem we are facing now but you guys have to understand that we are in a bad situation now especially if the devs are living in a country where they are heavily affected with the virus, and getting your tokens early will still be useless if it will not be traded yet or it will be but you'll not get a good value of the tokens you hold.

Basing my argument on your title, I would say the whole world is not in a healthy state although some countries are trying hard to contain the pandemic others are hardly succeeding. As we all know the devastating effects is that businesses etc aren't moving accordingly, borders are closed and so forth, thus showing that the world in general is not in a healthy state; and since crypto is of the world as well as being under the care of us humans then it is likely not be in a healthy state. But however, comparing crypto to other markets, it tends to be on the better side.

Yes, we can count on the recovery of the cryptocurrency market. In many parts of the world the disease has been pushed back and the economy has recovered. When the economy recovers, along with a halving inevitably the price of bitcoin will soar.

Is it so easy for miners to abandon their rigs ? I don't think so. Staying indoor is for the good of everyone. I don't see all this to have so much deep effect aside the great fall we saw at the beginning of it. The market has been like this even before the lockdown orders. We just need this to be over before Bitcoin halving.

I doubt the market will return to normal after the pandemic virus, the world is in a challenging mood. Crypto projects collapse one by one and only strong projects survive. The traders will have other things to do after the pandemic, maybe in the last quarter the downtrend will be over.

When you talk about the current situations you can clearly see that it is not good as it was before, I mean the market had crashed down  in an instant following the outbreak of corona virus which affect most of the entire business market worldwide. But we can see some hope of lights as it constantly gaining back its momentum, we recently had seen hit it in $7200+ and I think it is a good sign despite amidst the crisis.

The real question should've been, "How bad is COVID19 for everyone?" The dicey situation right now isn't just a crypto thing. It affects all strata of businesses. With social distancing and lockdown I doubt any safety conscious person will blame anyone for cancelling or postponing conferences and meet-ups. I guess majority of us are now thinking — Let the world survive first then we talk about businesses later.

At some point, bad, specifically for stuff like conferences and such that requires someone to be present in such room. But looking generally there were still good things that this lock down brought in a crypto space. As mentioned by everyone, some people had some change of pace to generate income. And I am pretty sure that people who have lost their job temporarily went into this space, and yes an addition of a new enthusiasts are yet to grow in this community and that is a good thing. Well, about market thing, stuff there are quite messed up specially when community panic is at its peak. But eventually, when everybody seemed to calm down some people went back to buy crypto that's why market had few pump to $6k. Much better than $4k, right?

I think using the word "healthy" for crypto currency will not make your intentions clear.
Instead of using unhealthy, lets just say crypto currency remains volatile, and with the pandemic all over the world; crypto currency volatility is inconsistent which has led to more bears than bulls.

And this is a reason why, as traders or hodlers, we must be at alert and also be ready to learn and relearn.
Always do your own research, all the time.

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.

We should rather be asking "is crypto holding on better than other relative markets/industries?"
If we compare it to online movie theaters like netflix - crypto is losing for sure, but that's not relative at all
So the answer to my question is - hell yeah man, crypto businesses has to pay way less rent so they are not in deep ass like other relative industries' businesses

Heath is more associated to how stable the market yet and I think the market is not so stable and there is a big threat that the market will be dump in the future, yes, due to covid, there is a doubt now for investors but surely we can get through this situation.

BTC's halving will have more impact that BTG, but I can't tell if its really gonna be bullish going to that schedule as like I said above, there's a threat which is the covid-19 or the pandemic.

There's no certain halving yet to expect until we will survive with the current economic crisis. The slow movement of crypto price still the effect of an ongoing pandemic which really made people panic on their finances. That's normal scenario to consider and we can't prevent that to happen, since most traders relied on their financial independence particular on trading different types of crypto. Let's stay focus and observant with the ongoing developments, don't let fears control but rather have courage to survive even though the problem still present these days.

Even though there will be a halving that will happen, we should not expect that the price will grow so much because we are still facing big crisis. This crisis makes all of the financial market to collapse. In the cryptocurrency, there is still high selling pressure and it indicating that the market is still not healthy. For those who want to trade while bearish market is still occurring, manage your risks very well especially if you want to survive in the current  market challenges.

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

Really? Most of cryptocurrencies went down for more than 20% because of this covid-19 crisis, it's a huge dump in just short span of time. It's good for you to actually save the investments, but other people would suffer the most especially those people that have big assets.

It's been 4 months since the first case happen about this virus and it's still spreading all over the world. It's dump for a while but immediately recover after a month of rallying and even global economy is dump also. As you can see, it's back to more competitive price over the market. I'm very disappointed that a lot of crypto events that possibility of adoption would happen if it's not cancelled because of this pandemic.

Its not just crypto that is not healthy but all markets today are not making its way up. If its going to take few more months and ignoring the effect of halving, its gonna be dooms day even for BTC. Very unfortunate for people who has not save anything for this hard times.  The only who will survive are the ones who don't rely on money but the goods they have in farms.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.

how good is this  ? lol no its not good  . rather you should say how bad it was  . 

bad in the next level  obviously ,  we know that mining equipements are important because if without miners our transactions can take a long time to process and also miners need to update from the latest mining equipment to able to continue mining  . the other one is crypto conference we need that too to spread awareness on crypto and to make crypto more indemand   . ico's need that too  .

CRYPTY faced a big dump last month caused by covid and that's the fact but the thing that makes crypto can go back again to the previous rate caused by the urgent adoption that comes from the country that was getting crisis caused by covid. If the situation will even worst in the future and i don't think we will get another possibility to get back again.

It is just pure speculation , I'm sure that most of us are still not sure on what will happen after the halving. The current market is still not in healthy state because we can see that in the chart where lower higs and lower lows that are keep forming and it is sign of weakness. We should manage our risks very well especially if we want to survive in this kind of situations. The market will become healthy again but we need high patience because it takes time.

Nah, that's not going to affect cryptocurrency in a large scale. Conferences can be cancelled or re scheduled and that might not change the market condition even if it's not cancelled (live video conference is possible).
While production of mining hardwares will not also affect the mining production because miners do already have their existing hardwares that's running the rig. Upgrades won't be necessary at this situation anyway.

Lastly, the market indicates a healthy movements when the price is moving sideways.

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

Do not immediately assume that now is the right time to buy crypto, because every investment that always has a risk that is not small even on a large exchange, you must be really careful in terms of any investment at any time.

Around February when the outbreak started, I got news from Cointelegraph that mining of Bitcoin was stopped in China. I don't know if they have started the mining of Bitcoin again, I really need to update myself on that. But despite everything that has happened the cryptocurrency community is still growing and things are working as normal.

I have not had any problem with my transactions and the price has been able to recover a bit after falling to around $3,000 price, and it has remained stable at $6,000, and recently got up to $7,000. Whatever has happened is not that critical, and things will get better.

Every investor has to decide on their own, following what other people are saying is just like investing blindly, which is not good.
It's necessary that we carefully evaluate and analyze the situation, and if we are convince that we see some value buying at the moment, then we should not hesitate to risk and just hope we are right since investing never guarantee a profit.

If we look at it from a different perspective then you can see that all those conferences can be held online.
Also, this would encourage more people to take part in the conference because of the following reasons

1. People will have a lot of free time during the lockdown and hence they can take part in it
2. People won't have to go to the conference since they will be able to attend it online hence many people will volunteer to participate
3. People will have nothing new to do and hence this might be a new thing they learn in the lockdown

Never to assume without proper research, crypto or any form of investment needs to have good background checks as you go further every market movements do have reasons, and once you already learned things behind those reasons it will be much easier to you to anticipate what will be the best options or position to take in favor of your investment. Your decision needs to be backup by concrete knowledge and understanding..

I agree with your point. Though the impact is not yet seen or felt, but yes, many people will more exposed to the crypto industry as they spend more time online either by going about their daily business digitally or in process of adjusting to new normal (online activities).

Not that easy. Even if the price goes down, don't FOMO, it must be analyzed first. Of all investment products, cryptocurrency is the most volatile. In fact, when the decline in March, the crypto market fell quite deep and recovered faster than other assets. So this is not a simple thing, especially during a crisis like this, the market movement is very extreme.

Not many people are interested in crypto right now, and there will certainly not be many big events going on as covid-19 is still appearing in many countries. I think crypto will have to continue to stay in the bear market and investors need to consider carefully before deciding to invest. Personally, I still hold some coins in the top 5 CMC and will wait patiently until the vaccine is available.

It is true that the beginning of the COVID-19 spread made the crypto dump, because some investors panicked and sold their coins.
However, after a few weeks the market has improved, now the price of cryptocurrency has begun to rise. Later the peak will occur
when halving bitcoin happens. I predict all coins will pump.

Yes, this pandemic has caused a major drawback for crypto community. People are very much concerned as the lockdowns still continues in many countries which is causing them to sell their holdings for daily needs.

But I personally feel that crypto has not much affected like stock markets, oil and other stuffs. I think crypto is proving it's capability in tough situations like COVID-19,  Some how we will overcome this time and let's pray everyone for speedy recovery.

Yes, but the prediction of all coins will pump it until when huh? whether until next year or only specifically this year, because so far I have also seen many coins that are starting to rise in price slowly in all crypto markets.

The epidemic has come in ages. And this is normal.Who more of us should take the name of the Creator and obey his command.In this situation, we must adhere to the rules of the World Health Organization.But the market did not have that effect. And it will be okay sometime.

Yes,,, this happened to all the investors in all the markets. Everyone panicked and dumped because they thought the markets would all crash. Indeed it all did but look at the stock markets they have all gone up now even though clearly this is a pump going on. It will not be in a healthy state when it crashes again this year, and crypto will likely follow!

Not trying to demotivate people but this time halving will probably have different result that the halving that has happened in the past due to this pandemic is really taking away all the attention. People don't really care about halving right and if there are some, they might have a role as a miner here. Hopefully the upcoming halving will bring prosperity to the whole market but I always expect the worst.

I also think the same that crypto has not been said to be healthy or stable, movement down so fast makes me afraid to invest in crypto maybe wait for  big news to buy crypto

 

In a month I think there will be a recession, then there will be a very good time to enter. Any crisis, any such situation means one thing. You can either make a lot of money or lose it. It all depends on your mood. I plan to raise money.

I think the market will continue to decline in the near future and there will lots of coins bottom out as covid-19 now only makes things worse. In my opinion, you need to have a specific strategy and spend a lot of time analyzing market trends because it is not always possible to raise prices well. In addition, altcoins are heavily influenced by the price of Bitcoin, so if the coin does not increase, you will not have many opportunities to make money.

Very good advice, but it would be better if we also follow the rules of the creator through his instructions, namely by cleaning ourselves and the environment in which we live, and purifying ourselves at all times, so if only following the rules of the World Health Organization I think won't be enough.

The situation is obviously not good for this industry and economies outside. But the bottomline is that, this won't br permanent and I really hope it will not. For sure, months would be needed in order for the market to recover from thr problem we are currently facing.
It is quite hard to picture out that things will be fine after a month. I think, months would be needed for the recovery of things outside this industry and more, for this economy to again, rise. We should mind things that would help us in our daily lives, especially if you are one with those who are highly affected by the problem. Take this time to learn things that would be useful when the scenario is again back to its "normal" state.
Those are just mere expectations, we cannot really depict what would happen. Take note of how huge the expectations were before, and see how the reality is going.

yes this is the perfect timing for the investors to study cryptocurrency because most of the people have lots of time to read on other sources of income instead of working only and the stimulus given by the government is a good start for the masses to enter the market

I'm not sure if there will be new investors entering Bitcoin, they will most likely see that the price of bitcoin falling from $ 19,000 to $ 4000 is a scary thing, but for old players it is acceptable because their money is stuck at high prices

Crypto conferences are that important for the growth of altcoins? Just showing good progress in terms of project development and project related activities are not enough to confirm long term progress regardless of world economy will be doing good or bad? Still, I am also not sure the corona pandemic will do against world economy and against crypto economy.

I guess the upcoming bitcoin halving may change things because it will be a powerful incident which is capable of attracting investors regardless of how well the world economy is doing. I agree right now this crypto space is not doing at its usual healthy state; but things may change in coming weeks just due to the bitcoin halving. Let's hope for better things to happen around this altcoin industry too.

It's not good for crypto. But there have no options. At this moment people stay home and they have no job. So they choose online job. But some people selling their assets to cover the daily expenses. So it's negatively effect in cryptocurrency Market.     

There is some impact on cryptocurrencies due to the COVID-19 pandemic situation. But this is not too much extent and tat to is affecting a few new projects. Even awareness about cryptocurrencies has been increased among new investors so far due to the pandemic situation. Once this situation will over, we will see more glory in the crypto market. And upcoming bitcoin halving even we can not forget.

There is no doub that the effect of the pandemic is so heavy on crypto world. Many projects was forced to stops while many existing projects also experience decline as a result of lockdown.

Good a thing they were cancelled for the betterment and well-being of all, also the manufacturers shutting down can't be blamed. Coming to the crypto space, it's quite true it is not in a good state but at the same time, same can be said of the world economy and markets as well. Many countries economy is feeling the impact as things aren't moving at all, because first thing first and that is, saving lives. In the same way, one thing I have come to understand is, irrespective of the nature of the world now, people are adjusting and still getting associated with the crypto space amidst the ups and downs.

If there is anything good about this epidemic and lockdown, it is that online businesses are now having more attention than they used to have before. Crypto currencies is also an online business. What I see suffering here are offline businesses, the shop and office contact kind of businesses and many of their staff are already losing their jobs with this lockdown. Crypto is having new attention now.

If only mining equipment manufacturers can move their production online or produce remotely from home, but no, they can't and that is the reason they are taking much of the hit in crypto space. Generally, crypto is getting more attention now than ever, though it hasn't translate into substantial price surge. Most people now spend more time than regular online due to the effects of the pandemic and at a point, crypto, digital currency and the likes will be presented as swift alternative. 2020 might not be the year we are waiting for, but it won't be a bad year as well.

indeed with an outbreak like this will give cryptocurrency conditions to be worse because these conditions attack the world economy because of the influence of the lockdown which in my opinion is very fatal, this outbreak must disappear first from the world then after that economic conditions will gradually recover.

You wrong about your information mining production equipment price already down while halving is coming. This is an extra care of miners users. I think crypto is in healthy condition, because from when I understand this market. Don't think about the time of 2018, check only last 1.5 years.

These are desperate times and certain measures needs to be taken to ensure life is protected at all costs, in respect to that I believe the participants who are meant to be in that conference will understand, I even see it that they will be happy. For  manufacturers, it will be a hard time but the best option had to be taken; therefore in general it affected crypto badly because there was a huge dump in the market. But recently things are returning gradually both in the crypto space and in certain countries who are relaxing their lockdown, thus crypto is regaining its healthy state once again.

You are wrong, the mining manufacturing company have resumed production, and today Cov-19 cases are getting lower, it might take long but solution will definitely come, things are better than February now, there is still hope let pal don't lose hope

Cryptocurrency market is still in a suppressed state. People are not realizing it, because the prices are moving upward for the last few weeks. They are not looking in to the bigger picture. We need to remember that only a few days remain for the next block reward halving. And we are nowhere near the ATH that was reached in 2017. On the other hand, we are more than 50% down, when compared to the ATH levels.

Not very good but the crypto sector is the least affect by this pandemic. Mining only required electric and some technical to maintain and check up the mining system. Interaction in crypto is easily moving to online communication and online work, a thing that is already normal among many cryptos. Point is, it's not a huge set back for crypto like many people believe.

Not only crypto currency, the world is not yet in an healthy state.
You can equally do it right with crypto currency trading if you follow the right pattern; always do your own research, always stay patient and remember that you need a strategy to trade well

Compared to the world or the stocks, crypto is healthier this time, with its growth in the past few days, people are thinking that the bull run is already coming, thanks to the halving effect, people seem to forget what we are going through now and they are bullish with bitcoin.

this is called cryptocurrency price movement which has random price movements and is often referred to as unhealthy cryptocurrency prices because it is full of price manipulation, what needs to be done when conditions like this are just follow the plot and don't fight because when fighting it will only make we lose.

You need a working strategy that based from your knowledge, crypto is another place to do your trades and if you have good understanding you'll be able to gained profits. Everything is depending to how you anticipate and observe the market, because any situations inside can still be profitable if you know how to place your entry and exit investment.

Of course, this will have both good and bad consequences if, due to this pandemic the price is reduced, then there is a good opportunity to buy it, because the price is reduced.but, of course, progress in the development of crypto will be delayed not only because of this pandemic, even in all areas there has been a decline.

This caused the market to collapse and not to grow as expected. Many events have been canceled, many projects have failed to start IEO. Perhaps we need to wait the next 1-2 years to be able to see everything as it was before

Indeed COVID-19 greatly impacts both fiat and cryptocurrencies. moreover, COVID-19 continues to plague almost everywhere in the world where many companies stop their activities, and also many crypto projects are canceled or postponed. hopefully, COVID-19 will end soon and the crypto will return to normal health and be normal.

for me this is not very influential for the development of crypto. because if we look at the price that occurred in the previous few days the price is still mediocre. but who knows about the next 2 to 3 weeks ??