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

[Findingnemo]

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?

Actually No one knows this and this is the first time cryoto market is facing crisis like this since its creation so wait if you want to know the answer.But bitcoin was created to survive on conditions like these but people still yet to realize that.

[thesmallgod]

Permanent ? you mean corona? if you are referring to coronavirus, the WHO has revealed that the virus which is previously described as being epidemic is now pandemic. However, by the end of the Month ( i.e. March) the first phase of the result of drug trial will be out. Hopefully, we get the cure soon. If so, crypto might experience an increase in demand which make the price to rise

[soramon]

Soon or later this corona virus pandemic will be vanish. I think it will last for 30 days from now. It crash every market not just cryptospace but real life market like stock market, gold market, etc. But look the good side the price is lower and anyone can start to invest on cryptospace

[Latviand]

The fact that it is not only Corona Virus which is negatively affecting the market prices, is enough to tell that the situation will not be permanent. In the case of the virus, there are already people who are being able to recover, which clearly shows that there is hope for the virus itself, as well as to the market behavior, if it is the main factor behind the huge dip recently.

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?

Actually No one knows this and this is the first time cryoto market is facing crisis like this since its creation so wait if you want to know the answer.But bitcoin was created to survive on conditions like these but people still yet to realize that.

It can also be due to the natural market volatility. I agree, this is not the first time that the market prices fell down in a sudden. There are multiple times that we have seen such thing and behind every market downfall, the market prices are able to recover, although, not all the time, recovery would be higher than the prices before the occurence of downfall, but there is a 'period' for that wherein the prices are soaring high.

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?

Of course, over time, the cryptocurrency market will recover and will continue to grow in the second half of this year. Coronavirus itself does not affect the price of cryptocurrency. People react to its distribution by starting to spend money on the purchase of essential goods and be able to remain isolated for some time. To do this, they exchange cryptocurrency for cash and the price of the cryptocurrency drops. As soon as cryptocurrency is no longer sold, the market will begin to recover.

If the growth you have mentioned is due to the Bitcoin halving, we still have no certainty with that, but I do hope that it would really be the factor that would again boost the economy of cryptoindustry. At times like these, there are really people who are selling their cryptos for the sake of emergency purposes, and priorities in real life scenario due to panic in the situation. But I highly contradict that the moment when people start to not sold their cryptos would trigger a recovery, because demand will determine the price. Not because no one sells, demand will already increase as well as its price.

[Sanugarid]

Soon or later this corona virus pandemic will be vanish. I think it will last for 30 days from now. It crash every market not just cryptospace but real life market like stock market, gold market, etc. But look the good side the price is lower and anyone can start to invest on cryptospace

If we are going to speculate it deeply, corona may last up until June. It is because there's no final vaccine or cure that has been made to stop it and it is even spreading much faster as the number of confirmed cases grows even more. It affects everything and too bad we cannot do anything about it yet but to just stay indoors to avoid getting the said virus. Maybe we can consider it as a good time to start investing but what should give us fear is the duration of this low value market we are experiencing cause all will be nonsense if it will occur up until the end of the year.

[oscarftw]

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?

Lowest time 3 months is also highest time. Coronavirus isn't out of control from ourselves and any virus effect is temporary in history. Upcoming news and reveal news is more good than coronavirus, SA Fiat to cryptocurrency gateway by Binance, Bitcoin halving and Ethereum POS.

[boltz]

No it's not permanent but this situation will be here for a while and maybe some of the altcoins will never recover after this as this wasn't planned and took some teams unprepared to have extra cash to keep the project alive.

If you go below top 200, you will understand what I'm talking about. ( projects with 500%+ increase with just only 200$ volume ). Stay safe, keep cash and wait for this chaos to be over.

[Ashong Salonga]

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?

Probably this will not be permanent because it will be totally a nightmare for all of us if that will happen and surely we all do want that to happen because we will all surely suffer because of that. Hopefully this days we must wish that a cure will be discovered nowadays so that the pandemic virus that is infecting the whole wide world will not cured and resolved bringing back everything to normal including the state of the cryptocurrencies in the market. It is indeed that the Novel Coronavirus 2019 have an effect or impact to the whole cryptocurrency community and it was literally bad to see that a certain virus can also affect the behavior of the cryptocurrency. This means that we are already up into a serious manner so what we can do for now is to keep ourselves safe and hope for the best thing to come for both the cryptocurrency community as well as for the discovery of the cure to resolve the problem regarding this pandemic virus so that we can all live normally and everything can be back to normal once again which will be neglecting the effect of the virus to the cryptocurrencies bringing them rise up the prices once again.

[Twinkledoe]

No it's not permanent but this situation will be here for a while and maybe some of the altcoins will never recover after this as this wasn't planned and took some teams unprepared to have extra cash to keep the project alive.

If you go below top 200, you will understand what I'm talking about. ( projects with 500%+ increase with just only 200$ volume ). Stay safe, keep cash and wait for this chaos to be over.

Of course, it is not permanent. Why would anyone think it is? This pandemic will be addressed soon. That's why advanced countries are in the competition who will bring the vaccine first. And because we have sophisticated technology, I think they can come up with the solution faster. So once they addressed this virus concern, I think we will be heading in the positive direction again.

[Perfect35]

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 am yet to see a pandemic that becomes permanent. A time will come that the solution will be preferred. Just as we are speaking by now, some people have started working on possible solution to it and very soon, there will be one.
Sometimes, what we think or feel might be short, might tarry and vice versa.
If help can be provided on time, there will be lesser effect on the market, but without that, it will continue to be felt.

[FanEagle]

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?

Nah man, this kind of situation is never permanent, it do happen. The price of Bitcoin doesn’t go up steady, there are times it will drop. And the funny thing about what’s happening now is that the price can pump when you least expected it. There are people who have been waiting for a time like this, people who thought they missed out around $3k price earlier last year and they will see this as a good opportunity to jump on the market.

If you’re making use of Coinbase wallet you will notice that the buy rate has increased from 74% to 80%. So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

[Sanitough]

So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

I am sure I will not belong to the lot of people who will be late, I made sure I have accumulated at this wonderful season given to us believer.
The non believer will easily panic, but they'll also start riding the FOMO once the market is set for big recovery.

What we are witnessing now is due to the panic of corona virus and its effect on the economy, but it's not gonna last a very long time that would destroy our economy, this will be stop soon and the moment it will happen, we will easily see the rise again.

[Raflesia]

Permanent ? I don't think so, this Vrius Corona can be over the next few months. Maybe in April the situation is getting more conducive because it has been resolved because some regions say that this virus can be easily overcome.

For the crypto market there is still recovering we know this is a crisis with the whole so no need to panic with a situation like this, better secure your assets and when the situation has begun to improve then buy some coins that have potential, because in my opinion a virus like this will not too long.

[Lexurdania]

So if I were you I’d just keep calm and still hold my coins, because when it will pump it’s going to be too late for a lot of people.

I am sure I will not belong to the lot of people who will be late, I made sure I have accumulated at this wonderful season given to us believer.
The non believer will easily panic, but they'll also start riding the FOMO once the market is set for big recovery.

What we are witnessing now is due to the panic of corona virus and its effect on the economy, but it's not gonna last a very long time that would destroy our economy, this will be stop soon and the moment it will happen, we will easily see the rise again.

Agree, what we are witnessing today is a form of panic and this is temporary. Vaccines will be found and the market will recover so that accumulating at a time when many coins are cheap, in my opinion is an opportunity to make a big profit in the future.

[TheClownSong]

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 believe that the coronavirus outbreak is only temporary. We still remember the SARS case and the case passed in a few months and I think coronavirus too. The current condition in my opinion occurs because of panic

[Moeda]

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 this is only temporary, because Covid-19 is a disease that can be cured. Crypto traders use the Corona issue to get Bitcoin cheaply. The spread of the virus is only due to eating wrong. Like frogs and bats, which contain nematode worms. So, just avoid things that are harmful to your body.

[Jannyh]

The Corona virus saga,is just becoming so serious,I hope the vaccine is gotten. For the dip,it can never be permanent, it's only but time,this phase will pass. I just can't wait for activities to continue,most investors are also on halt as a result of the panic created by the virus.

[bison]

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 this is only temporary, because Covid-19 is a disease that can be cured. Crypto traders use the Corona issue to get Bitcoin cheaply. The spread of the virus is only due to eating wrong. Like frogs and bats, which contain nematode worms. So, just avoid things that are harmful to your body.

can indeed be cured but can also be deadly. isn't that what makes people worry? You might say this virus comes from animals that are eaten. but when it starts to spread then it doesn't matter whether we eat animals or not. I don't think this is a problem or strategy made by traders in the crypto market. this is purely from a worsening world economy.

[MWesterweele]

The Corona virus saga,is just becoming so serious,I hope the vaccine is gotten. For the dip,it can never be permanent, it's only but time,this phase will pass. I just can't wait for activities to continue,most investors are also on halt as a result of the panic created by the virus.

I guess when Coronavirus vanish, the crypto will accumulate again. Also I know it will not become permanent because surely in the near time they will find solution to fight this virus from spreading. And omce it happpen then possibly the situation of the crypto will going back to normal and rise again for now we should have patient to waiit because it seem it take time before the virus gone.

[pawanjain]

"Nothing lasts forever"
Coronavirus has crashed the entire market but the crash won't last for a long time.
As the effect of coronavirus reduces the market will soon start to recover.
I believe that this would be over within 6 months and the market will start to recover by the end of this year.