Positive World Response

[Boardmangetpaid]

I've heard some people using crypto as the solution since they want to go cashless, no physical cash because of the COVID-19.

[AicecreaME]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Sometimes, fake news also is an advantage. I've read na article saying that COVID-19 could be also get in fiat, and cryptocurrency is the best alternative for them to use, maybe that's why it got hyped, who knows. It could also be that people are buying coins which they think that is good to hold in the long run, while they are waiting to the next bull run that would give us another All Time High price, and yes, it is all about profits and surviving in this world.

[DDante]

Now is not a good time to gamble around with your tokens and coins on exchange, market is unpredictable now, yesterday a smart crypto predicting guy said Bitcoin is going for 5200$ ride and few others go for it but instead Bitcoin jumped up over 6000$, now it's better to hold

[Leviathan.007]

I hope that all this world panic will lead the people to mass adoption faster The sooner we destroy the old fiat system the sooner we will see this brave new crypto world

Panic is real! you can't avoid it. some people complaining about the crypto dump. but as you can see the crypto world is rebuilding.
During the history we always saw some historical things happen and how the world reacted to it

[Psynthax]

I've heard some people using crypto as the solution since they want to go cashless, no physical cash because of the COVID-19.

That's true and so many people from italy are moving to the crypto right now and look at this news
https://cointelegraph.com/news/italian-bank-opens-bitcoin-trading-to-12-million-during-lockdown

Crypto has a lot of chance to get more adoption caused by this virus. There was no exact date about when this pandemic will be ended and that means we have a lot of time to see more people try to use crypto.

[fortunecrypto]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

It just means we have a stable community and the top names in the industry have already stated that they will not sell their shares no matter what happen, and with this it becomes a domino effect, investors are now coming back to invest and support the markets,, it things go well with the vaccine, the market will fully recover.

[ballerin and giroud]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Is there a different price from exchange to exchange? Coinbase is well known exchange until now there are a lot of people who using it. But I myself is more prefer to use binance or my local exchange because it is more easy intially for withdrawl through. And so far when most of economic instrumen fallen in price I didn't see any promising increase in coinbase exchange and if I compare the movement prices are still same with the common exchange. So what do you mean to took this discussion? Where you know that coinbase exchange is suitbale when the recession come?

[Chuky92]

The larger world response to this economy disease is not that bad at all, users or traders should please head to coinbase you will see that the exchange has larger buy orders instead of sell orders, few other sources too, what this means is the reaction from the world is good, people knows that Bitcoin is not a joke and they are taking the advantage

Actually it is a good sign that crypto is gaining weight and attention amidst all these financial issues caused by the virus. But however, people are also selling to fiat because they want to be able to buy things as well as paying for services since it is clear a greater number of platforms are yet to accept crypto as a means of payment. In the same way, holding some coins is also good in order to be part of the future of the crypto market.

[gundala]

Cryptocurrency is very different from other investment products such as stocks, which tend to be influenced by the economic slowdown and government regulations in the COVID pandemic 19. Cryptocurrency has its own path, although it was once affected by the domino effect and there was a deep decline in a single day, a few days later the crypto market began improved while the stock market remained weak. Cryptocurrency does have good potential and has many advantages over other investment products, but high risk, everyone must understand this and study it well before deciding to invest. Do not come just because of FOMO, then panic buy, without preparation and knowledge then it will be very risky.

[TrevorS]

For me, the above is very doubtful. In addition to the orders that you see on the CoinBase, there are orders outside the exchange glasses.
To see them you need to purchase paid software, I don’t know another method. The largest transactions in the bitcoin market occur outside of exchanges.

[Hellkas]

Investors who were unsure about Bitcoin and sold their assets so price went down. Now more and more people go back and buy crypto, because they understand that it`s one of the safest ways of rescue in total financial crisis

[poodle63]

Investors who were unsure about Bitcoin and sold their assets so price went down. Now more and more people go back and buy crypto, because they understand that it`s one of the safest ways of rescue in total financial crisis

The opposite trend is happening not only with the investors but people from the infected countries have already started to convert back their asset into the crypto and we can see that from the market about how bitcoin is getting a gradual increase to be recovered again to the high-level price again. No more investors wanna sell their bitcoin and crypto again right now.

[aemma]

This is the way I understood it; when this pandemic was at its height with countries trying to contain it, it caused a huge dump in the various markets but the crypto market took a different turn. That is, people first tried to secure themselves which caused a serious dump of course but then again when they realized crypto market is different, they started adjusting and the market starts growing again; this I see as the positive world response, they saw the good side of crypto and stucked to it.

[cytpoway121]

I think there's a lot to do, you cannot rate positive world responses based on buy orders, because in crypto currency buy orders especially can disappear in a second and become sell orders.

The market is manipulative and you should know, never use order book to rate responses

[Kasabus]

Investors who were unsure about Bitcoin and sold their assets so price went down. Now more and more people go back and buy crypto, because they understand that it`s one of the safest ways of rescue in total financial crisis

When other investors tried to sell their bitcoins at a very low price, others also took the advantage of gaining more bitcoins by buying them at low price. People expect that this pandemic will cause a huge dump on the crypto market, but i think the opposite one happened. Bitcoin has even gained a higher value even when halving was not yet happening. When investors realized that, they start keeping bitcoins knowing it would still be a great asset in the future.