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

[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.

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.

Of course this is an economic problem. Every time there are new problems and develop widely, and have an effect on several large countries, it will affect the world economy. But I don't think we need to panic too much. Because someone will take advantage of the problem.

[Chuky92]

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?

No it is not permanent and never will be but however I can't assume how long it will take to disappear neither can anyone.  Yes it is true that this deadly virus is affecting the crypto market as well as other markets but that doesn't mean it will remain that way because the crypto market has survived a lot of bearish moments and in all of these moments it came out stronger. One thing to take to heart is that, as soon as the news and panic about this virus starts coming down the entire world market will recover as fast as possible. As for the crypto market, it has its way of overcoming obstacles.

[MUG1WARA]

Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

[vvu351]

Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

Unfortunately, we see that the virus acts very strongly on all world markets, including the cryptocurrency market. I hope that the situation will change in a few months.

[pikkie]

Corona virus not only affects crypto, but all real businesses are now also experiencing a crisis because most people prefer to stay indoors and activities such as tourist attractions, shops and even more must be stopped while. but I'm sure if this will end soon because all diseases have cure and now all scientists are working hard for it so don't say if it's permanent

Unfortunately, we see that the virus acts very strongly on all world markets, including the cryptocurrency market. I hope that the situation will change in a few months.

indeed the current condition of the virus is getting stronger but I see China has found a cure and began mass production and hopefully this virus outbreak will soon be over because of this virus makes many people lose because it makes the world economic conditions collapse.

[inanilujimi]

if this is permanent is it possible that people who have recovered and declared healthy can be affected again ??
the death rate caused by covid -19 is not too large when compared to the SARS virus, if I see from the media more people are recovering than those who die. maybe this is only temporary and not the end of everything.

[kisfoxs]

The impact of the Covid-19 virus spread is enormous and makes the global stock market slump. And the declining price of cryptocurrencies is also influenced by the Covid-19 virus. A few days ago we saw the cryptocurrency market condition deteriorating sharply. However, we also felt that slowly the cryptocurrency has increased again.

This Virus will not be permanent because many people have recovered. So we don't have to panic with the situation now. Many people suggest for more work at home. And online work is becoming one of the good jobs to work at home, especially doing crypto-currency trading.

[nikki4]

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?

Without truth nothing is permanent in our world. In history several virus attacked in our world and situation was more worth than now. In few months all world will declare as did China. Also everything will be under control between Bitcoin halving time. For coronavirus stock market situation also bad.

[suhadi88]

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 government has been working hard to prevent the Corona virus from spreading more broadly. So the government takes a number of policies. Although this policy will have an impact on the global economy. Cryptocurrencies have also been impacted by the Corona virus news.

We believe that this virus is treatable and many people have recovered. So I wouldn't think that this would be permanent. When this virus affects the cryptocurrency and the price plummets. It didn't take long for Bitcoin to bounce back high. And the current price of Bitcoin is $6.274 and this will encourage other coins to continue to grow following Bitcoin.

[so98nn]

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?

First of all its affecting the fiat market and in turn it has crushed the crypto market. Due to covid-19 situation people are giving importance to health and well being rather than looking at the stocks, bonds and crypto's. This is temporary panic situation which has turned the whole economy upside down.

You never know what is up next as the Covid-19 may worsen if we dont develop cure to it asap.

Both the answer lies in the pandemic situation that we are in right now. If it worsens then there is no point of bitcoin, altcoin stuff neither fiat. Then it would be all about saving our lives.

Regarding your question, its uncertain to think anything about it yet. We need more data on current situation then we might be able to solve it.

[Kupid002]

if this is permanent is it possible that people who have recovered and declared healthy can be affected again ??
the death rate caused by covid -19 is not too large when compared to the SARS virus, if I see from the media more people are recovering than those who die. maybe this is only temporary and not the end of everything.

there are explaination already in the web https://www.independent.co.uk/life-style/health-and-families/coronavirus-immunity-reinfection-get-covid-19-twice-sick-spread-relapse-a9400691.html?amp . If you made to recover from virus your body will be immune to that virus.  You will not be infected again but they dont give exact time how long you will be immune on that virus.

[verita1]

Coronavirus is affecting the world economy and we do not know what its magnitude will be because the pandemic has not stopped. After the Coronavirus is controlled, we are going to accurately quantify all the damage it has done. That is my point of view but the most important thing is that humanity is still in danger, we urgently need the vaccine against the virus.

[julius caesar]

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 crash will not gonna be permanent. Sooner or later the said virus will be gone and the economy of our country will go back where it is before. Lets just hope that the virus will be gone faster so that we have a lot of time to recover before the halving happens. Crypto will rise up again don't worry. It happens to crypto before and it will for surely survive this kind of crisis.

[YOSHIE]

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?

if you think of one thing in particular v corona which is currently so fast attacking people in the world and also influencing especially the cryoto market in general that has been seen from the history of the ancestral century, obviously this is not permanent, it can disappear and come.

If it is time for people to be declared able to get out of their activities again all crypto markets will improve as before, now this can only wait, now this can only wait, do not know, how many months, years later this phenomenon can be normal again.
The point is; all this will pass and conditions will return to normal.

[Stanlo]

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?

Let's pray it won't get out of hand but even presently crypto seem recovered but not enough compare to when or if Coronavirus vanished into thin air, I'm not satisfied with present crypto market, not until the virus is gone

[Eugenar]

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?

Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.

It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.

[Ozero]

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?

Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.

It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.

Due to the need to be quarantined in isolation, people were preparing for this and therefore purchased food and basic necessities. Directly for cryptocurrency, it’s quite difficult to buy all this, so it was sold on the exchange and it was falling in price. Therefore, bitcoin fell to $ 5,000. Now the price of bitcoin has already begun to rise slowly. If the epidemic of the coronavirus does not last long, then it may still be good, but if the fight with it drags on, the situation will be unpredictable.

[Bububoyeer]

This effect on the market definitely can not be permanent. Once the crisis of corona Virus dies Dow, I believe the market will regain volume and even more than expected. Come to think of it, I haven't seen any bad effect on the market yet. The price we have now is still within what we had before the virus came.

[Ngoukan]

I haven't seen any crisis situation that lasts forever. Its having an impact on cryptocurrency market, yes but that's not to say it will go on like this for a long time. Governments of different countries are already fighting hard to contain and stop the crisis. Soon everything will bounce back.

[Crypto_lion]

I don't think the wealth erosion that we are seeing in crypto and other stock markets and even the price of gold is permanent. It is always likely to happen when there is some problem just like the housing crisis.people and big investor are withdrawing their cash and they will be back in when they feel there is a good chance of recovery soon.