Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent?

[_xNyx_]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

[1714661663]

1714661663

[1714661663]

1714661663

[1714661663]

1714661663

[rdluffy]

Why permanent?

There's no reason to believe that this crash will be "permanent", I don't have a clue how much time will take to recover, but for sure it will

Another markets are suffering too, stocks, oil, governments, traditional investments, so everyone is in the same boat

The trend was very good this year until now, but if I have to guess, my think is the market will recover in a few weeks, because there's a lot of people buying BTC at this low price, including me, I bought BTC, and ETH for now

[cytpoway121]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

The virus is ravaging every financial and economical sector of the world, because several businesses have closed down, footballing and all sports activities are equally shut down. There are dip crisis because panics are normal on the crypto sphere, and this won't last forever.

The dip is perhaps an opportunity that many has been waiting for, it is better to evaluate and get in now at the bottom

[Coyster]

Corona virus is not only affecting cryptocurrency, even the stock market is affected as well, as a matter of fact almost every sphere of live is affected, businesses, trades, tourism and even football, everything has to an extent come to a halt, countries are checkmating entrants into their shores.

But just like other pandemics that has ravaged the world, for example the Ebola virus, this one will also with time be completely eradicated. The health systems of the various countries of the world deserve to be credited with how this scenario is handled, I believe it's only a matter of time till we see the last positive case of the virus.

[akhjob]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

It's definitely not going to be permanent, but I don't expect the market to pump overnight as it dropped on march 12. I believe that the Crypto market is going to take some to recover back. But maybe be I'm wrong and the market might recover in a week or so. But one thing is for sure, this isn't permanent.

[jossiel]

Permanent? no.

About the span of its stay, nobody knows and even I. I'd like to see it gone as soon as possible and if there's a solution already to dissolve or if there's a developed medicine that can be use by the affected ones so everything will go back to normal again.

[dainoran]

Maybe this will not become "permanent" because what is affected is not only the crypto market but the economic sectors of some countries are also weak because of this virus, every country will definitely try to find a vaccine from the corona virus, so as not to continue to disrupt the economy.

[Becky666]

The current situation in the market is not permanent and will not be, as coronavirus is not going to be permanent as such. We're seriously messed  up with our own decisions as investors(Individually or institutionally) the panic sell-off was the reason we're here with this question, hence nothing to be worry about as usual. We'll know cryptocurrency to be volatile coins as such epidemic can trigger their volatility and when thus happen the entire industry will feel the impact, as we have seen today.

The basic causes of these drastic fall was the panic sell-off orders which was as a result of containing the virus by not allowing some travel tour by individuals. This actually created some strong feelings on holders of what to use as fiat in this case. The  sell off was to enable many families Carter for their needs while the restrictions last. It won't be permanent, just hold on.

[itsv]

Obviously its not permanent what we are witnessing is panic selling though one positive note for the future is this:  many people moved from Bitcoin to cash as you would expect in times of reasonable FEAR But, when the dust settles. They'll want their BTC positions back. A lot of SPOTS will be purchased without very many willing sellers.

[pakhitheboss]

You cannot entirely blame that the current situation has happened because of the damm virus. Market is still being manipulated by the whales. In just 24 hours Bitcoin was down by 39% and then it came back to 27%. This nothing but pump and dump strategy by the whales.

Because of this dump and pump the whole cryptocurrency market is now suffering.

[Teawhalee]

There is nothing as permanent situation. Everything comes and go . The flash dip is just panic sell because of the effect of Corona virus on stocks, world market and then crypto had it's own share.

[Rengga Jati]

do you believe that this is permanent,

How it can be permanent? Bearish forever because coronavirus will be lasting? Personally, I think coronavirus isn't something impossible to overcome. I believe that anti-virus (virus antidote) will be spreading out around the world sooner. Then, the infected people will recover and the situation returns to normal.

[qazgroup]

Personally, what i have read and heard uptill now, this virus and its effects will soon start to go away, my personal estimation is that in may it will be controlled globally, so maximum bad market situation can prevail in march and april only so its great for halving and perhaps this is the right time to accumulate more coins.

[DU18]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

I think the effect of Cryptocurrency price decline caused by this corona virus will only be a temporary, because Cryptocurrency prices are usually very vulnerable to events, both negative and positive events that cause market often experience bearish and bull run, so also if the corona virus successfully overcome , of course, the world economy will return in normal, so that the price of cryptocurrency will increase again.
Hopefully this antivirus will soon be discovered so that the fear we feel now about the corona virus can be overcome soon

[Samthehero]

The virus won't last forever. Will have to let it play out, then it will go away like Sars, Mers, Ebola and the like.

[bttmember]

Please stay positive and do not panic amd keep in mind that bears will not stay here forever just like bulls never stay forever, im confident that this crash will prove to be the final wipe before the real halving bulls start, so be patient just like there is day after every night so bulls will be back soon too.

[Kotone]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

SARS, ebola virus, ASF are also become a news and trend during those time and some affected related market. Of course this isnt permanent at all, but it takes time to recover the loss of market due to the incident of panic selling that occured. Even it took years, if youre a crypto enthusiasts just relax and hold your coin and it will be beneficial for you on later times.

[fortunecrypto]

As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Everything is affected no one or is safe, but I don't think it will last that long two things can happen market will get used to it, a technology is a technology and it's moving technology and it will move forward regardless of any scenario, another thing is there will be a cure and we all get back to normal, either way the Crypto industry is here to stay, we must believe on that.

[yanto@1977]

There's no permanent situation on market, it will change when something happen with global economy issue. This is only temporary and you can see every country try to handle it, so we only need patient and see the result. The problem is only halving because this is the real event, will change market direction and maybe will not giving impact into currency.

[bgaf]

Regarding the period no one can really say how long this will continue as long as the virus keep coming and affectinf many people. So sad, that even NBA season one of the best tv show on television has been force to stop. Means the virus is really serious and a huge event has been stopped.

every country will definitely try to find a vaccine from the corona virus, so as not to continue to disrupt the economy.

They already on it. What we need to do is cooperate and do what precautionionary method we must to stay unaffected by this virus. Economy faced many great tragic and still recover in due time. We just need to have faith that this will be over soon.