After a sharp drop in prices on the cryptocurrency market caused by the spread of coronavirus, now the price of bitcoin and the entire market is gradually recovering. Today we are already seeing the price of bitcoin at $ 6,483 after its initial drop to $ 5,000. It will largely depend on the effectiveness of the fight against coronavirus, because if this process drags on, then perhaps people will again be forced to spend cryptocurrency. Then it will again begin to fall in price. Let's hope for the best.

In principle, yes, people urgently needed cash to buy food and basic necessities in order to prepare for quarantine caused by an outbreak of coronavirus. If the cryptocurrency had good liquidity and you could directly buy the necessary goods for it, and not first exchange it first on the exchange, then it would not fall in price, or its fall would not be so significant if there are reasons for the fall, as suggested , there were several.
Someday in the future, such disasters will not have to affect the cryptocurrency market decline.

The BNB coin is an exchange coin of only one exchange, even if it is doing well now. At the same time, ethereum is a global coin with smart contracts, on the platform of which most tokens are created. Therefore, of course, I give preference to ethereum, especially since we are soon expecting a significant update of Ethereum 2.0, which should completely change it and bring it to a new level of development.

The cryptocurrency market differs from other traditional markets precisely in its high price volatility. Many participants in this market are attracted to it by the high price volatility, with which it is easy to make a profit. Price volatility just needs to be learned to use correctly and then it will be a good advantage over other markets.
A decentralized cryptocurrency will always have high volatility. Therefore, the price of bitcoin and other cryptocurrencies will always rise and fall, price movements in it will occur cyclically.

The volatility of stable coins is very low. Quite rarely, stable coins decently decide in price from the exchange rate of those currencies with which they are provided. For me, this is practically irrelevant, since stable coins very quickly return to their original price positions. In general, stable coins perform their functions well.

FATF recommendations come down to ensuring that the user is identified if the transaction amount exceeds one thousand euros. In my opinion, in this case, each user of the services offered is a client of the bank and the bank has enough data to identify its customers. Therefore, there is no need for any additional restrictions. The beginning is very interesting. I hope that banks will soon switch to services in other types of cryptocurrencies, since payments in bitcoins are not always convenient due to the high cost of the transaction.

Putin’s regime is making money on cryptocurrency, evading the application of international sanctions. Putin even sent his specialists to Venezuela to help Maduro create Petro's coin there for the same purpose. However, Putin will not give financial freedom to his citizens. We are witnesses of how, over the past few years, the highest officials of Russia have expressed controversial opinions about cryptocurrency. This is the essence of Putin’s deceitful domestic and foreign policy. Lies in everything and denial of obvious facts. Just awful.

The current situation is different from the classical one, in which Bitcoin should prove to be a reliable refuge from inflation. To prepare for protection against the spread of coronavirus, people urgently needed money, and bitcoin and other cryptocurrencies are not yet ready for direct use as a means of payment. Therefore, cryptocurrency was sold through exchanges and its price fell. This is evidenced by the current empty shelves in many stores.
If a global economic crisis sets in, the situation will be different. Production, the global economy and prices for ordinary currencies will fall. In this case, it will be logical if people fleeing inflation will invest in cryptocurrency. Stable coins will not help here, because even without falling in price, they will automatically lose value due to inflation of the usual currencies that they are provided with. In this situation, investing in cryptocurrency is a good way out and it will grow in value.

Judging by how everything happens in Russia in relation to cryptocurrency, there it will nevertheless be officially banned for use by citizens of this country. Only if the general dissatisfaction with Putin’s regime is too big due to the current drop in prices and hunger riots just ripen, only in this case they can allow the free circulation of cryptocurrency. Recent events taking place in Russia indicate that such a scenario is absolutely possible.

It still has to change. People urgently needed cash, they sold part of their bitcoins through exchanges and it fell in price. However, for a whole week, Bitcoin has stopped in the fall. The situation has stabilized. On the one hand, people are already stingy to survive the epidemic, on the other - they no longer want to sell it at such a low price. When the virus starts to fight effectively, the cryptocurrency market will begin to recover and a further decrease in rewards to miners can lead to good market growth. Also, the growth of the cryptocurrency market can be if, after a certain time, the global economic crisis begins. Then we’ll see if Bitcoin will be a refuge in economic crises.

Bitcoin was not created for such cases. It can be an anti-inflationary tool in the general global economic crisis, but not in such disasters. In similar situations, in the future, bitcoin can play a positive role in such situations only when it has a very high liquidity. Bitcoin would not fall in price now and would be a good refuge if it could be directly exchanged for goods and services. The negative role now was played by the fact that for the opportunity to buy basic necessities, people needed to put bitcoin up for sale on the exchange and this led to a drop in its price.

Bitcoin has not remained unchanged. He lost almost half his price. In the case of the spread of coronavirus, we saw that the real economy and cryptocurrency are very connected. And here it is unlikely that the price of Bitcoin fell due to panic. I don’t see any panic. People were forced to spend extra money in order to prepare for protection against this virus in conditions of temporary isolation. We saw that all markets collapsed, including the cryptocurrency market.

In the current situation, there can be no war for oil. Now Russia is the main aggressor on the world stage. In the context of the impending global economic crisis, she is not ready to fight against all. It just ruins her. Putin already made a mistake by refusing, together with all oil-producing countries, to reduce the level of oil production, and now Russia has suffered enormous losses. After some time, these countries will be forced to agree on joint plans for oil production. It is unlikely that another scenario will be possible.

It is unlikely that the fear of people associated with the spread of coronavirus is the reason for the fall in the price of bitcoin and other cryptocurrencies. Governments began to take tough measures to localize its distribution, this sharply violated the plans and routines of people. They needed extra money to protect against this virus. If there was no free cash, they started selling cryptocurrency. Now, the price of bitcoin over the past few days is relatively stable. This is proof that this was not a panic, but forced unforeseen expenses of people. The spread of coronavirus will decline and the price of bitcoin will go up.

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It's right. On the one hand, much less new ICO projects began to appear, because investor activity fell significantly due to the current poor state of the cryptocurrency market and the still high level of fraud among these projects, and on the other hand, people learned to recognize fraudulent projects more. Everything is changing and investors are also learning from their mistakes.

Of course, sooner or later this was to happen. Considering the fact that the altcoin market has been stagnant for almost two years and depreciated by 90-95 percent compared to the peak of their price, their growth this year is simply inevitable. With the growth of the cryptocurrency market, ethereum should lead this process. Especially if the expected improvements to this coin will be successful.

In my opinion, we need to wait until the beginning of February. By this time, the court had set a deadline for Craig Wright to provide evidence of his ownership of Satoshi Nakamoto's wallets. If this does not happen, then, most likely, the court will refuse him his claims with all the ensuing consequences. However, Craig Wright’s lawyer now admits that Craig will not be able to provide the court with the required information.

In any case, the current price of bitcoin is not the highest and during this year it will rise more than once. Therefore, if you buy Bitcoin now, then in any case, in the future you will make a profit. But when it is better to buy it, here hardly anyone will give the right advice. The price of bitcoin may now temporarily fall, or may rise.

I do not see too significant problems for the existence and development of ERC-20 tokens. They are still worthy of attention, and their problems with ICO projects are temporary. ICO projects have not died, when they are regulated by states, the level of fraud will fall and they must again regain their popularity.