The future of cryptocurrency during this pandemic

[Argoo]

After a sharp drop in prices on the cryptocurrency market caused by the spread of coronavirus, now the price of bitcoin and the entire market is gradually recovering. Today we are already seeing the price of bitcoin at $ 6,483 after its initial drop to $ 5,000. It will largely depend on the effectiveness of the fight against coronavirus, because if this process drags on, then perhaps people will again be forced to spend cryptocurrency. Then it will again begin to fall in price. Let's hope for the best.

[Tipstar]

i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

As parts of countries and parts of world goes under lockdown, crypto would rise as a convenient way of transfer of value. With paper money being one of the culprit for transmission, the countries that have no effective use of digital currency would need the help of crypto to make it's people safe. We can't lock out for years and this virus is not going to get easy.

[Valzador]

After a sharp drop in prices on the cryptocurrency market caused by the spread of coronavirus, now the price of bitcoin and the entire market is gradually recovering. Today we are already seeing the price of bitcoin at $ 6,483 after its initial drop to $ 5,000. It will largely depend on the effectiveness of the fight against coronavirus, because if this process drags on, then perhaps people will again be forced to spend cryptocurrency. Then it will again begin to fall in price. Let's hope for the best.

Investors have already realized that Bitcoin is not a safe haven like gold. Digital gold claims are no longer valid because, at the time of an epidemic crisis like this, the price of bitcoin declined.

[Novatech8]

What do you expect? Crypto is decentralized and not controlled by any gov or organization, do not expect someone to start sending coins to others wallet because of this pandemic, it's the government job to look after it's people

[Coyster]

The world is in a terrible shock at what's happening right now, this pandemic is presenting itself as a great challenge to almost every country in the world, even the world powers; they control the fiat currencies, so they have to provide it for their citizens as they stay at home and work from home during this period, I heard that even the world bank is planning on giving out funds to countries that has numerous cases of this virus, to help them provide medical care to those tested positive.

You cannot expect to receive cryptocurrencies for doing nothing this period due to the corona virus outbreak, though you can donate to those in need with your cryptocurrency, but that is your personal choice.  

[mindrust]

These are the times where cash is the king.

Crypto will always have a future and it will make a huge boom along with the stocks market but the problem is we don't know when will that happen.

Lots of people will lose their jobs. You can't expect them to have the luxury to make investments anymore. The game has changed.

[Wildwest]

For now we can say the whole world is looking for a solution to deal with the problem of economic and health crisis, we can see the impeding that applied can impede the work that we continue to rely on, we expect the crypto world One way to animate our family for now and I am sure this is not the end of everything.

[Twinkledoe]

These are the times where cash is the king.

Crypto will always have a future and it will make a huge boom along with the stocks market but the problem is we don't know when will that happen.

Lots of people will lose their jobs. You can't expect them to have the luxury to make investments anymore. The game has changed.

And that is the reason why many crypto users are encashing their crypto portfolio. You can't blame them as it is needed for their survival in this pandemic situation. Those who can afford not to touch their crypto are very lucky as sooner or in the future, bitcoin will rise again. This is only temporary. Once we got the solution for this such as the vaccine, the economy will recover again.

[mindrust]

These are the times where cash is the king.

Crypto will always have a future and it will make a huge boom along with the stocks market but the problem is we don't know when will that happen.

Lots of people will lose their jobs. You can't expect them to have the luxury to make investments anymore. The game has changed.

And that is the reason why many crypto users are encashing their crypto portfolio. You can't blame them as it is needed for their survival in this pandemic situation. Those who can afford not to touch their crypto are very lucky as sooner or in the future, bitcoin will rise again. This is only temporary. Once we got the solution for this such as the vaccine, the economy will recover again.

I can't be so sure. This may take multiple years before we recover. The economy have been a bubble in the last 20 years. Covid19 was just the pin.

We were already going to collapse. Covid19 just happened to be the reason.

[julius caesar]

i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

Do not worry about your money as of now. You better think on your own safety first and pray for the other country that has been infected by the said virus. We all know that cryptocurrency price as of now became red but we all know that it will comeback sooner or later after this crisis. As of now , stay on your home and wait what will happen to the market in the future.

[maydna]

The future of cryptocurrency still has a good chance to be used as a payment system. The support of cryptocurrency now becomes bigger, as many people know aware of cryptocurrency. And we know that many people learn about cryptocurrency. But still, the cryptocurrency needs government approval before it can be a payment system. Perhaps, we need to wait for more because right now, each government still busy with the pandemic, and they are still trying hard to cure their people. So we can still walk on our way in the cryptocurrency, while if the time comes, we will see the government will accept crypto, and that means we will see adoption from people who want to use cryptocurrency.

[trauchot]

With cryptocurrency technologies, everything will be fine because they are in great demand in many areas and will be constantly used in new areas, but the cryptocurrency market itself can certainly collapse, but then after some time it will recover anyway.

[isaac_clarke22]

Stock market has crashed, and good thing it wasn't that too bad especially for BTC like it went downwards to 4k last year.  We're also heading to a financial problems, regardless if it is an individual or even the whole country itself.
Jobs are being suspended except for those frontliners who are now taking risk.
I don't think that people could think of buying cryptos for now but when things get tighter at this situation, we might off to using cryptos to buy our needs instead.

[Bonwin]

i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

No one in the crypto space will mint more coins for what is presently happening. At the time this pandemic was almost spreading out, some exchanges, such as Binance and others rose up to assist some of the places that were affected, most especially with fiat. Perhaps crypto was converted to fiat for that purpose
Also, I see that some scammers are already developing projects to setal funds from people in the form of donation, calling the project Corona blabla. These are all lies. We know their tactics and that is how they come around to take advantage of situations like this.
Those with good hearts in the cryptospace, whether as individuals or as a group are already doing what they can to assist and I think we should give kudos to them and appreciate them for their kind gestures.

[gundala]

In this health and economic crisis, the most priority thing is safety. We all know that the entire stock market in the world has decreased, at first I thought it did not affect the crypto market, but apparently it had a domino effect and on 12-13 March was its deepest trough. This decline is a massive sell-off by investors who need cash to save their businesses and meet the necessities of life, this is the impact of the worsening global economy. On the bright side, the crypto market can recover faster than the stock market.

[Chuky92]

i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

The world is experiencing more than just a health issue but also a financial issue as we can see, the world market is taking a huge hit as people are selling off to fiat so as to be on the better and safer side therefore meeting up with personal needs. Fiat is associated with the government and therefore it is easy for them to make promises to the citizens. In the crypto space, it is different as everyone is for himself, that is, some are holding bitcoin, others are for altcoins like ETH while some are in stablecoins, each of these category of holders believes in what they are holding. So I think the best thing to do now as a user in the crypto space is to stick to whatever coin or coins you believe, if in doubt then stablecoin is a good way to start.

[kentrolla]

Right now the only language people understand is "Corona virus" the whole world is literally shocked after this deadliest disease is spreading like a fire Similarly this will hugely impact the financial section too.

The global market has already collapsed due to this and it might extend who knows, people need not to panic at this moment future of crypto cannot be circulated we can just speculate that. Cryptos future will be realised only by those who have patience.

[BeginToMine]

Future of Cryptocurrency lies in our hands to promote, trade or to just keep speaking ill of it. Truth is market is very bad and has affected many people outside world including Crypto. I urge we keep waxing strong and reduce FUD, trade or you leave but try to be positive. Let's help keep Crypto waxing strong as it's the only source of income we have now.

[Ashong Salonga]

The world is not just moving towards a health crisis but it is also moving towards a major financial crisis. The entire fiat market is resetting itself. If you look at any major stock market around the world, you will see only red everywhere. Cryptos should have provided a safe heaven during this time, but it also seems to follow the same trend more or less. So at this moment, nothing is really safe. Crypto can't really print on its own to support the crypto families during this testing times. Stay safe and stay at home! Our first priority is to save our own life. Money can come later!

The reason why even the major stocks are going down like the cryptocurrencies that are getting red this days is that because people tend to focus more into withdrawing their funds for a while to be able to provide or sustain their necessities to survive this crisis that is concerning the health care of each and every one. People nowadays tend to use up the profits they got from stock marker as well as into the cryptocurrency because it was one of the main reason why people get into those and that is to get profit or in short to earn money that can be used in times like this. There is nothing wrong happening in the market nowadays. It is just that because of panic and the want to be safe and secure not to get infected by the virus, people have to make use of their assets most specially fiat to buy all their needs to survive this situation. This was all temporary for the moment and I believe that as soon as this situation have come into an end, surely the prices in the stock market and cryptocurrency will surely get back to normal and will experience rise for people will get back on investing their money into this markets.

[Kelvinid]

i think the crypo world has clamored for this situation for a while. A world where the fiat system is no-longer stable. if not mistaken, i will say that the world is heading into a  serious health crisis with what is happening in china, italy, spain and other parts of the world. many countries has promised their citizens of enough fiat funding printing more fiat money to support themselves. 
What is the cryptocurrency family doing to support their own community at this perilous time.

The global market suffers big losses but I'd never think that this will be the end of crypto. We are giving more concerned about the price and this is the reason also why it gives your fear and the will possibly drag you into becoming a panic seller instead. Maybe this time, we may take this aside and we have to prioritize first our health. The market will recover later and I stand to believe this. It will be harder for us to accept the situation if we always take a look at the market price, maybe a simple glance could be enough for now.