Does The Impact Of Corona Virus Will Disrupt The Crypto Industry?

[gantez]

I think it's yes it will affect the crypto industry because the virus known as (COVID'19) are spreading faster than we thought because from the day that the virus are starting to grow until now the affected people are increasing faster just like in China

This is really getting serious. Bitcoin price is dropping, I was surprised with seeing it getting to below $5,000. I hope the health system fights back as quick as possible. Ebola , SARS were fought seriously and within a short time , peace was returned.

[Magkirap]

I think it's yes it will affect the crypto industry because the virus known as (COVID'19) are spreading faster than we thought because from the day that the virus are starting to grow until now the affected people are increasing faster just like in China

This is really getting serious. Bitcoin price is dropping, I was surprised with seeing it getting to below $5,000. I hope the health system fights back as quick as possible. Ebola , SARS were fought seriously and within a short time , peace was returned.

Yeah i am also surprised by the serious dump of bitcoin's price and the fact that the virus is still spreading and growing in numbers, bitcoin's price will still be in that area for at least a month i think but from what i've seen in the news, they have progress in finding a cure and understanding the virus completely so i hope they can complete the vaccine soon so that the crypto industry will be normal again and also other industry in each countries that are affected by the virus.

[Yatsan]

Honestly, i didn't expect that cryptocurrency will be affected in this crisis considering that we are all digital and we don't have any physical product that is going to be affected by the crisis. Sadly, as we are all experiencing now, cryptocurrency is not a safe haven for this, it's going to be affected, the bitcoin price and other alts drop their price and we are on roller coaster right now, our asset are the people and it seems the virus are affecting a lot of people. Lot of people are panic buying so same with the crpyto holders, lot of them are going to sell their crypto and buy goods to fight the virus. This virus is hitting the economy of every country, and cryptocurrency is also taking the damage.

Stay safe everyone! I hope that my fellow crypto holders are doing great. We can overcome this virus.

[justdimin]

Well, from what we have seen so far in the last 24 hours can we basically call it question answered?

Obviously it is affecting crypto more than we realize. Maybe crypto shouldn't be affected as much as this because there is still nothing wrong with it, but I guess that is how the markets work. Think about it, what has changed in bitcoin itself in the last 24 hours that could make it go down this much? Did we found a bug? Is there a market trouble with exchanges? Was there a big news regarding crypto?

Nothing major happened in the last 24 hours but it still dropped in price, which is what I am talking about here, it was only corona that affected and there is nothing else going on. With leagues closing down and flights and other stuff, we are in big trouble due to corona and that affected crypto prices as well.

[bitgolden]

Does The Impact Of Corona Virus Will Disrupt The Crypto Industry?

With every passing day coronavirus is increasing its area, and due to which every industry facing a setback. Crypto moves virtually and its a highly volatile industry, therefore in this ongoing epidemic of coronavirus it is necessary to know how the crypto industry will react.

Disrupt the cryptocurrency industry? What exactly do you mean, is it by causing a decrease in price?
The outbreak has been affecting almost every market from stocks, and everything, and yes Bitcoin is affected already, but being affected doesn’t mean that this is the end. It’s just that this outbreak has created a panic and that’s why a lot of people has been selling I guess.

But, the data I got from Coinbase shows that there is 76% buy rate which is bigger compared to the 24% that are selling. So, that’s a good thing and shows that there are people who still have faith in Bitcoin and are continuously buying, despite the situation at hand.

[arrmia11]

Does The Impact Of Corona Virus Will Disrupt The Crypto Industry?

With every passing day coronavirus is increasing its area, and due to which every industry facing a setback. Crypto moves virtually and its a highly volatile industry, therefore in this ongoing epidemic of coronavirus it is necessary to know how the crypto industry will react.

Yes of course it will disrupt the crypto industry because the impact of the corona virus is affecting all over the world, even the people and the foods, alcohol, surgical mask, water etc. So they need to react for this situation in order for us to aware about this kimd of virus