Covid-19 Question

[tabas]

Crypto is still being affected by the outbreak because of people who are dumping and this has caused a massive panic, selling and fear.
But in literal talk, there is no interconnection of crypto and any outbreak but the people who are in crypto were affected and did the said actions.

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[yohananaomi]

I don't think it's affecting crypto to stop because it is the right time for people to look for other payment methods because some of them are afraid to use cash to buy in a local store. By using crypto, they don't have to touch hand by hand, but they only scan the barcode to see the amount that they should pay. They can pay directly from their wallet on the mobile phone so that they can prevent from hand-touching.

however the corona epidemic clearly affects the economy, so does crypto definitely have an impact. maybe the impact is not too big compared to the fiat movement itself. because it is clear that crypto is very advanced in all respects and does not need to be related to humans who are actually retained with the transmission. not even with its own fiat that moves people's hands to other people. that's the advantage of crypto with events like this is very good for transactions. I hope this plague can pass quickly.

[zaim7413]

To some extent I will say it affected crypto, perhaps not directly,in as much as we think the whales were the cause of the fall of the bitcoin price,some how the Covid 19 also affected it,because many people sold off ,and would want to keep fiat close,only the strong hearted maximized the opportunity to buy crypto, gradually everything will be fine.

Yes, if we look at what is done by every government in all countries, then gradually everything will be fine, it's just that it takes a lot of time in handling this Covid-19, because every day there is always someone who died from the virus. , and every day there is always something monitored by the medical authorities and the authorities, so be patient and always monitor the situation of the crypto market.

[asriloni]

Corona virus affected US the most with their 5000 new cases per day and that has caused a lot of country wide panic that has crashed a lot of their markets. with that panic many bitcoin holders feared a drop like that so they started panic selling.
we all know that whenever bitcoin drops, altcoins dump 10 times harder which is why you see cryptocurrencies dropping this much. however COVID-19 has nothing to do with bitcoin which is why bitcoin price went back up.
and again we all know that whenever bitcoin price rises altcoins get dumped again which is another reason for altcoin drops.

actually i just feel that this corona crisis will actually help the price of bitcoin to increase using online payment .its the best solution right now if you dont want to use fiat money and dont want to be infected there is also things saying that fiat money can also be a cause of transmiting the desease to other people.

Same here too, I believe that this outbreak will help crypto gain higher trusts and better adoption too, it's performing better than stocks as we speak and that's a good thing for crypto space entirely, I guess this is Nakamoto's dream

As long as this crisis will always happen and crypto will always be a solution for those who are getting infected not only in their countries but it's also their financial system to do a transaction and this will be a big chance for crypto to take the opportunity to make them realize about the true potential of crypto. Massive adoption is happening right now.

[20kevin20]

Yes, if we look at what is done by every government in all countries, then gradually everything will be fine, it's just that it takes a lot of time in handling this Covid-19, because every day there is always someone who died from the virus. , and every day there is always something monitored by the medical authorities and the authorities, so be patient and always monitor the situation of the crypto market.

Nothing will be fine. The economy is demolished so we'll be affected from literally all sides. Some countries still did not take the necessary measures at the right time so it's gonna be worse in some countries than in others.

This is something that lasts years, not weeks or months, and will affect every single one of us.


Cryptos will be going through some very volatile times. They are very affected, just like all the other assets. Welcome to the crisis and the ultimate test of cryptocurrencies

[Malam90]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

Corona Virus is now rapidly spreading its dangerous effects on the all countries of the world where all countries are affected. Italy, China, France and Iran are the most affected countries so far. India, Pakistan and Bangladesh are now on very risky position. Everyday it is spreading its affect on more and more people in the South Asia. This corona effects are on the crypto market also and price became worse than in the past few months. We have to face this situation in the next few weeks.

[Kasabus]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

Corona Virus is now rapidly spreading its dangerous effects on the all countries of the world where all countries are affected. Italy, China, France and Iran are the most affected countries so far. India, Pakistan and Bangladesh are now on very risky position. Everyday it is spreading its affect on more and more people in the South Asia. This corona effects are on the crypto market also and price became worse than in the past few months. We have to face this situation in the next few weeks.

It's not totally corona virus that has made the market dumped but we can't deny that this virus has made a negative huge effect on the crypto market. Investors are doing panic selling of their coins for fiat so they can also provide their family with basic supplies at home. Other investors too are also making use of crypto to purchase goods using digital transactions because paper money too is a big threat that has made the virus spread fast because corona virus has been detected that they are also living in paper money.

[pacman7331]

It's good that the crypto market is recovered very soon, otherwise, it could make more panic. But I don't think this is affectionate, we can see another major dump anytime soon because the coronavirus outbreak is not gonna end soon rather it's increasing every day! So, be alert with your investment, stay home and stay safe!

[jrrsparkles]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

Crypto market seems the only expection from the deep fall since stocks and other asset values keep falling every day with no limits.But cryotos may get affected again if the corona wave created again all around the world so keep yourself stacked with fiat money then go for any kind of investment.

[Golftech]

Crypto is still being affected by the outbreak because of people who are dumping and this has caused a massive panic, selling and fear.
But in literal talk, there is no interconnection of crypto and any outbreak but the people who are in crypto were affected and did the said actions.

People needs to hold real cash and with fears of this pandemic virus investors are likely cashing out their assets not just inside crypto but
together with other forms of investing. The panic is for real so even there's no direct connections literally speaking if there's no money inside
the market surely the value will keep on falling a part.

[gundala]

The numbers continue to grow https://topic.newsbreak.com/covid-19.html, but don't panic, keep healthy and wash your hands often. Let's help the medical team with self-quarantine or social distancing so that the chain of transmission of this virus is immediately broken.

People needs to hold real cash and with fears of this pandemic virus investors are likely cashing out their assets not just inside crypto but
together with other forms of investing. The panic is for real so even there's no direct connections literally speaking if there's no money inside
the market surely the value will keep on falling a part.

You are right, sustaining life (health and basic needs) and business are the priority of most people so that a massive crypto sale in single day takes place on March 12-13. Panic is normal, but we can see it is only temporary and now we can see green candles everywhere. There is always a chance in trouble, most people panic sell, most others get the chance to fill a bag.

[betty11]

I hate the impact of the virus on the cryptocurrency market because I no longer get a huge volatility on WRX while day trading it. The virus hasn't die yet neither has vaccine be released by WHO. for treatment.

[Teawhalee]

Nothing is immume from COVID-19. it affects every sector and counties. Crypto has had it's own share . We hope it doesn't go worse based on the virus trend now. If cure comes out as soon as possible, things will change quickly and positively.

[mr_random]

This question has been answered a thousand times and there is no update regarding this case. France, Spain, and Italy fight against the consequences of Coronavirus and today more than 700 citizens has passed away. There is no strict affection rate in the crypto ecosystem yet, prices will drop more if the pandemic goes further.

[SistaFista]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

Do you think corona disease will affect the cryptocurrency ? I don't think so, maybe just affecting a bit.
Cryptocurrency activities can be done from any place, even isolated peoples can still involving in cryptocurrency.
Corona disease is greatly affecting other aspects indeed, but i think not too much in crypto.

[Davian144]

Nothing is immume from COVID-19. it affects every sector and counties. Crypto has had it's own share . We hope it doesn't go worse based on the virus trend now. If cure comes out as soon as possible, things will change quickly and positively.

Yes, at the moment all the district and city sectors are influenced by Covid-19, causing a lot of citizen activity to cease and everyone must confine themselves at home, but for crypto there is also a slight influence, due to the decrease and increase in coin prices in the crypto market it has more influence on the panic of traders and coin holders, so they prefer to release their coins or tokens at the price requested in the crypto market.

[CHENIEN]

Since the beginning of February, a large number of investors are suffering because of the coronavirus outbreak, in which is considered as a big burden in the world of crypto, in the middle of the breeze the virus was spread out and kills thousands of people in China and continue propagating through the borderlines of Italy, whereas right now their country is in the bottom of dark and bloody, and despite, even there is a campaign against covid-19  the bitcoin has been recovering their career from the downfall, hopefully, this will continue, in this connection, many questions regarding covid-19 and the prediction was, it is coming from the nasty animals and bioweapons but, there is no certified evidence because it is under investigating by the government committee of the affected area.

[masterrex]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

If we compare the statistics in the past days the crypto market now was slowly recovering, bitcoin price was slowly catching up, it manages to reach $6800+ in the seven day period some altcoins are also showing positive gains, thats why in my opinion the effect of the Covid-19 pandemic in the crypto market is just temporary and the only reason is the scare, that triggered a massive sell-off on their crypto holdings, I don't believe the latest drop of cryptocurrency price is a whale manipulation. but I must say that it is highly possible.

[umbara ardian]

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

Why do you think it doesn't affect the cryptocurrency market? Last week it caused the market to collapse and many investors were losing money, now the market volume has dropped a lot because people are scared. If you observe carefully, you will certainly see corona virus with global influence

[Wildwest]

With the existence of Corona viruses all the countries feel very hit because of the many problems that arise, and also with the virus is a lot of times that eat victims so that there are already lockdown countries for now there is no vaccine can Cure this virus, we as crypto users of course also feel worried about this problem because it can interfere with the market movement, so hope we all these problems will quickly expire.