The future of cryptocurrency during this pandemic

[pandanaran]

You are not mistaken, I also agree with you that 2018-2019 and 2020 are really bad years for the cryptoqurrency industry, especially with the emergence of VirusCorona, which has also affected all world activities and the stock market etc. but I am sure that the cryptoqurrency market situation will not always be like this.

[jrrsparkles]

Crypto currencies are decentralized so we can only expect individuals to help people if there is a need for it.But printing money and giving people is just only to maintain their economy from going into deep down so all they are giving is free money and ask them to spend which makes more issues in the long term.

[safem]

It is so unfortunate that so many countries of the world are going through a turbulent time with this pandemic.Some of these countries are being assured certain ways of relief and support by their government to make them feel encouraged at this season .The financial institutions of some of these countries are devising ways by which they can make citizens to be financially assisted at this period when everyone seems to panic for no hope.Some at this period may not be able to afford the purchase of preventive materials against the pandemic due to lack of fund. Hence, these financial institutions are seeking to provide support.However, such support may not be possible from crypto because it is an investment venture which is opened for any willing individual to invest.The future of crypto I believe is still secure no matter the health challenge at the moment.

[kingzpro]

I agree with the point that cryptocurrencies will come out stronger than ever after this pandemic is controlled around the world and im sure world will also realize that it is time to get rid of paper money and i think we will quickly move towards mass adoption after things are back to normal. Many countries are also working towards pro crypto regulations which will also boost crypto market.

[akwfleaspirit]

There is always a future with cryptocurrency, as my believe goes, cryptocurrency can never die. Each year, it keeps waxing strong and more awareness to it is being created. With the pandemic, it has nothing to do with the future of cryptocurrency, it's just an occurrence that will pass away in no time. It affected the world and so is cryptocurrency also affected, cryptocurrency future is very strong while the pandemic will fade away.

[Perfect35]

When HIV/AIDS came, it affected a lot of economic activities, but today, it has been seen as a normal thing. When SARS came, it started in China, investments were affected, but today, it is now a forgotten issue. The same as LASSA fever. Now, we are talking about COVIC-19. That is what is on vogue. Common, with the passage of time, it will also end. Despite how intense it is, cryptocurrency is waxing stronger. For this reason, I am confident that crypto will survive any hardship.

[adzino]

What makes you think that fiat currency is no longer stable? If it wasn't any longer stable, the economy of each and every country would go down and a huge global economic recession would hit causing too much trouble on peoples everyday life. People would end up suffering very badly. They wouldn't even be able to afford anything.
On other hand, you are saying that the world is helping the people during the pandemic by printing money? Lol, please tell me where you read about this? Do you even know how badly it is going to affect the countries economy if they print money during this period of time?

[antsam]

Not only the world of Crypto, even the stock market has fallen, the world fiat currency is also falling in value against the dollar. This is only temporary, just look at Crypto starting the recovery response from China which has begun to overcome the pandemic. Let's pray that the pandemic is over and the world is back to normal

All of the things are related to the financial advice have been fallen to the ground caused by this virus. This is not even temporary caused by we are still in the racing with the time to find the vaccine. The vaccine is the only key to make all of the people in the world torus to get into the market again. So many countries have been using a lot of resources to find the vaccine for this virus but the problem is when this vaccine can't be done in short time and that forces us to survive even longer.

Hopefully the vaccine can be found soon, this Pandemic will end soon so that the condition of the world financial markets including Crypto can be stable again. Hopefully Halving Bitcoin coming soon is not in vain because of this pandemic

[Eugenar]

Well, as this crisis happens, our economy falls as well as the cryptocurrency, but the good thing is, it is still high, it ranges for about 6,000$ which is still a big amount of money. Even though the real life system falls because of the virus, cryptocurrency also affected by the virus but not likely affected as the real life system.

The situation is getting worse in many many countries where this virus has just started, the only solution seems to be isolation and lockdown of cities but then again it is not an easy option for countries where people struggle to make a living as lockdown will mean no business or work of any sort, it is very serious condition and the world has to unite to win this.

Having lockdown in different countries is the good decision of the government to avoid the risk of getting infected by the virus, because that is the only thing to kill the virus, if people could obey all the rules of our government the virus will stop.

[Bububoyeer]

What do you expect them to be doing? Print more BTC or other coins and dash out out to the community? That's funny though. This period isn't good for anyone so many projects are in serious difficult moment too. Only expectation now is to trade and trade wisely.

[BlackFor3st]

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.

This pandemic is very serious so I think that it can surely affect how the crypto world work, as what I have notice to the latest happenings in the market the crypto prices goes down pretty bad in response to how the pandemic affect each countries. There are countries that impose a total lockdown because of this pandemic and because of it many are selling their crypto assets just to secure the daily needs especially if the lockdown will likely to happen within a month or more.

But after this pandemic, I am sure that the future of crypto currency will become more brighter especially that we didn't meet yet the bull season.

[iv4n]

What do you expect them to be doing? Print more BTC or other coins and dash out out to the community? That's funny though. This period isn't good for anyone so many projects are in serious difficult moment too. Only expectation now is to trade and trade wisely.

Trade wisely is good advice for any time, not just now. For sure this is a difficult period for many, but old saying is what doesn't kill you will make you stronger. I think crypto will continue to be what it was until now, same old, but with printing more money fiat economy is going in wrong direction, why would crypto fallow that? Old era is coming to an end, it's time to go full digital! This huge crisis will turn people to crypto, here people know that crypto is future, it's time for the all others to understand that too.

[daglordjames]

The future of cryptocurrency will be both good and bad. Good in the sense that people will realize that this is also one way to earn money without going out or physical  interaction with people. Bad since during this pandemic everything is going down. The state that crypto is in rightnow is not good that it doesn't mean it won't get better. Crypto can't really do much as this pandemic happens.

[thiscomm]

I think the cryptocurrency family has taken a new step aimed at helping the financial crisis that occurred due to this pandemic. many new crypto launched to help the virus that is a problem in this world, crypto is engaged in the health sector. I hope that many investors will participate in supporting the move of this type of crypto. because when this virus is handled properly, I'm sure the price of crypto and the condition of the world fiat economy will improve again.

[bittraffic]

Markets doesn't react instantly so we may have to wait til coronavirus can't spread anymore then the governments will have to think over of the flaws. There could be a chance that blockchain are going to be used on stock market soon so that people can switch from stocks to cryptocurrencies and maybe countries will realize how susceptible the current financial system with contagious virus that could kill thousands every century.

[oilton16]

still most of my investments are in fiat and still seems quite risky to change them all for crypto

[LogitechMouse]

~

Not only the current market is resetting but the earth as a whole is resetting itself. The environment is starting to get cleaner as people forced not to go outside because of the pandemic.

At the time you posted this, the market is still bleeding but days after it at this moment some of them are recovering already even though the cases of this pandemic is still increasing.
In my opinion, prices of crypto are still based on sentiments of the investors and the fundamentals that is being spread in the internet so it is still the same with other market. The only difference is that, Bitcoin went down harder than the stock market around the world. Lets stay on our home. As they always say here in my place "Stay on your home or stay in a coffin."

[SacriFries11]

The future of cryptocurrency will be both good and bad. Good in the sense that people will realize that this is also one way to earn money without going out or physical  interaction with people. Bad since during this pandemic everything is going down. The state that crypto is in rightnow is not good that it doesn't mean it won't get better. Crypto can't really do much as this pandemic happens.

You got the point, there's chances to  earned if you invest in the right timing but also risk is high once you mistakenly place your money when huge dumped take place.
This virus open the doors for more people to learn about alternative money and once more people be exposed then the chance to have more support
to happen.

There are many instances or new perspectives about working now because of the continuing the spread of this corona virus. Because of the situation like this, there an option for us to know what we gonna do if this pandemic will comeback in the future. Cryptocurrency will be a huge at the time, everybody will a bit knowledge about it and more businesses will accept blockchain. Crypto market will surely comeback if everything will be okay again but as of now we didn't know yet when this situation will be okay.

[alan2here]

I think the cryptocurrency family has taken a new step aimed at helping the financial crisis that occurred due to this pandemic. many new crypto launched to help the virus that is a problem in this world, crypto is engaged in the health sector. I hope that many investors will participate in supporting the move of this type of crypto. because when this virus is handled properly, I'm sure the price of crypto and the condition of the world fiat economy will improve again.

Everyone wants this to happen, but the situation in the world is very chaotic now and this epidemic will directly affect the global economy. I am really depressed by this epidemic because during this time my main job has been delayed and I will have to try hard to make money in the future.

Hopefully, countries with advanced health care, such as the UK, the US and Germany, can soon find vaccines to help get things back to normal.

[IMZ Noo Account]

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.

'Covid19 just happened to be the reason.'

Best comment on the whole thread.