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1  Bitcoin / Bitcoin Discussion / Re: What could be the effect of corona virus on crypto industry?decrease or increase on: April 06, 2020, 01:23:54 AM
Well, we have seen some results already and I think it will going to continue like this. Due to the lockdown some businesses are closing already isn't it enough to know that most of the economy will go down because there are no people that would help them to grow their business during this time. In crypto market I think it was all the same since people are exchanging crypto to fiat in order to gain some money to support their daily needs.

I think due to coronavirus, it won't impact on crypto industry that much, crypto industry will may suffer very little damage but they will recover it, because it is totally online base currency. so, we cannot compare it with the stock market. stock market and crypto industry are completely different. so, I think that it may have little loss but it will not have much effect on us.

You are wrong, we haven't yet reached a peak in many countries even USA.

And the economic impact will last longer then the virus, for a long time there will be less money going into crypto until the day that the economy will recover again in 1 or 2 years.

So in 2022 Bitcoin might go higher then 10.000 if it doesn't go much lower now.
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