We already know how the economy is crumbling piece by piece . I do think it's up-to us to improve it , do you guys have any suggestions , any ideas ? to actually counter this situation ! ?

I do think everything starts with Education
If the government spends more funds in the education , educating people who are not able to afford a descent education and work towards the welfare of the country rather than investing in foreign trades and other things , just like someone said once *charity begins at home , I think they should look more closely to the situation of the people and tackle poverty by books.

If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

Agreeing with your post. Never gonna be a fan of KYC, I avoid it as much as possible. The KYC-based scams are getting more popular than ever, and it's concerning. They either have to find a much better way to handle terrorism funding & money laundering or they need to just stop it. Exchanges and wallet platforms are now using it as a weapon against their own customers as if they have the right and authority to hold a customer's funds and, in the end, to basically confiscate the frozen sum. I doubt even half of their procedures is legal.

A few hours ago I was looking to join the Brave network to get some little extra revenue off browsing the internet.. too bad they require mandatory KYC..

The market has started growing up and we are having new friends again, it's imperative to bring to their notice that; having a piece of background knowledge about the good side of cryptocurrency and bad side equally. During my early days, I suffered many losses in the process and while trying to make some transactions. My then app wallet was mistakenly installed which holds some altcoins and a small portion of Bitcoin. Attempt to get my wallet back proof abortive, at a time, my system was compromised and I paid heavily with my Bitcoin.

Therefore, my advice to all newbies is: ensure to write down your password for every account or app you install securely. Keep your private keys safe and secure. Also, passphrase or backups should be noted. When carrying out the transaction, ensure to double-check your outgoing address before sending it.

Cryptocurrency mistakes can be unforgiven when one makes a mistake, it happened to me in my early days in cryptocurrency.

That sucks. On the bright side, it wasn't a larger amount.

Also, that scam happens on social media fairly often so it's one of the oldest trick in the book.

Corona Virus has been a hot issue for weeks. Aside from all the topics here relating the price to ncov, this also results in postponing some crypto-related events in Asia. Governments are trying to prevent spreading the virus inside and outside their country. Travel ban and postponing of some events were some of their actions about this issue.

Due to this virus, Binance Blockchain Week in Vietnam was postponed that was scheduled from February 29 to March 04, 2020.

Hongkong blockchain week in March 2020 also got delayed with a new date that will be announced soon.

Annually Major crypto conference TOKEN2049 in March was also moved on October 2020. "Over the past weeks, we have been monitoring the global developments around the Coronavirus closely. Whilst Hong Kong is managing the situation well and has taken strict precautions to contain any potential impact, uncertainty prevails.” noted on a blog post of TOKEN2049.

Not only crypto conferences were being affected by the said issue, but even Asian trade fairs and conventions are also postponed. China's oldest trade fair, The Canton Fair, has postponed the event that was scheduled to be held on April 15, 2020. Other events in China are The East China Import and Export Commodity Fair, SEMICON, the International Building and Construction Trade Fair, and the annual China Development Forum.

Singapore also postponed its Food & Hotel Asia’s trade show and Travel Fair NATAS Travel. While in Europe, the annual Mobile World Congress have witnessed many companies pulling out, including LG Electronics and Ericsson.

Source:
https://bitpinas.com/news/asia-crypto-conferences-getting-delayed-postponed-due-coronavirus-threat/

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This shows how Coronavirus can affect not only in China but us globally. As a precaution and for the sake of everyone, bigger events with bigger audiences and guests mostly coming from different countries have to delayed their events.

This issue isn't just about health because even the economy can be affected by this. Companies were also being affected especially those who are based in China, stock markets are down due to the said virus. Most events stated are in China and some other countries near China. Even in my country, non-related crypto events also got postponed because it is said to avoid going to crowded places to keep yourself safe.

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PS: I'm gonna delete this if it was off-topic

I was thinking that investors would think the cryptocurrency market as an alternative to traditional investment products.
Having said that, my point was that those two markets have a reverse impact.

If the stock market goes down, then investors would start searching for alternative (more profitable) investments and turn to Bitcoin and cryptocurrencies.
The last days stock market crash seems that lead the market cap of the crypto market down.

Does the Stock Market has impact over the Bitcoin price?

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?

I don't quite see how this has anything to do with each other. It's just a normal day for trading.