The future of cryptocurrency during this pandemic

[Magkirap]

The future of crypto currency for me is still very bright despite the panic that is currently going on in the world and I strongly believe that everything will soon fall back on track asap

Yes, indeed if we look at the current conditions, indeed many people experience panic, because everyone has a struggle and capital when playing in cryptocurrency, so the panic that occurs suddenly is very reasonable.

Well yes i agree that it is somehow understandavle to panic now for we may experience loss in our coins we're holding and at the same time panic towards the spreading of virus in our country and the damage it has given to us have reached the crypto market because of the lockdown happening in multiple parts of the world but keep in mind that this virus will soon end and we may not see the market go back to its nornal state but for sure we will later on so the future of crypto isn't shaken, honestly this should be the time where people will know about the capabilities of cryptocurrency

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[nikki4]

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.

Did you mean that if anyone effected by this virus and if this person is member of this crypto community than this community should help, right?. This is not possible to identify effected any people who are involve in cryptocurrency although Binance is giving 1 million USD by your 1 retweet.

[FanEagle]

I guess it is still in the middle, nothing major will probably change. We dropped like all others dropped, we increased like gold did, so right now we are still not horrible because we didn't dropped like hell and stayed there, but we are not awesome neither because we didn't increased while others were falling.

So, basically we are nothing right now, just what we were before all of this started and we will continue to be what we are in the future as well.

There could have been other stuff like if we fell we would have been worse, if we went up we would have been better, since we did neither, those options are futile right now and will not work. Hopefully we will get out better from this and that might actually really help us but we gotta wait for that one.

[bearexin]

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.

You can’t really tell, Bitcoin might turn out to be the best investment option for everyone right now. The fall in the market price might have just created a huge opportunity for those that didn’t invest before and if you miss it now you might end up waiting for a very long time to get this kind of opportunity again.

We have all been believing that there is going to be a pump in the price of Bitcoin after the Halving on May, though some have lost hope on that, but the way things are going now it might still happen. I just believe that we are going to see some magic rallies in April (just 2 days after) like usually bitcoin market is doing after March month every year.

[wozzek23]

Future of stock market is bright too if you look too deep into the future, oil, gold and all other stuff looks quite bright as well if you look too further down the line. You think that stock market keeps on crashing and never recover? Look at bank of america and their 2006, 2008, 2010, 2018, 2020 prices. It may have moved up and down a lot but in the end it has actually gone up a lot, in 2-5 years it will be higher than today as well, maybe one day it will go down again but because it went up a lot the gone down will be higher than today's.

Crypto is no different, it is down right now and I know it, in a year it will be higher, in 5 years we will see a lot more highs and lows but even the lows of 2025 will be higher than today;s highs, that is how finance goes.

[lobo13hf]

Cryptocurrency cannot pave the way this period every world system is responding to the pandemic and cryptocurrency cannot be different. We have a world crisis at hand targeted at the health industry but it has stretched to both the financial industry as well with no hope of a cure yet.

You can try to use the different perspective and you will get the different result. As far as i know if people consider crypto as an alternative payment system and no more. That's why crypto can recover even we are on the big disaster caused by corona virus. People adopt it as a payment system and you may understand it in the different way

[Genemind]

Crypto alone wouldn't help us survive without fiat so we have no choice but to convert it so we'll have something to sustain our necessities during this pandemic crisis. In our country, the government has promised us that they will sustain our needs especially our food but they're not supporting most of us for almost a month so we can't rely our lives on them. This crisis has been affecting even the rich countries' economy so it will also affect cryptocurrency negatively. Lucky are those who still have something to sustain their needs because they could still hold their crypto funds despite the situation.

[Vishnu.Reang]

The next block reward halving for Bitcoin is less than two months away. But still, we don't have a major spike in anticipation of this event. I would blame the COVID 19 outbreak for this. The economy is in ICU, and the impact is being felt at the cryptocurrency market as well. And my outlook for cryptocurrencies is quite bleak, at least for the next two to three months. We may witness a major drop following the block reward halving. 

[Bitcoinislife09]

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.

in my country probably use fiat money because the cryptocurrency are not yet totally implemented,but some of the digital currency are already operating. At this time of pandemic we know that the fiat currency could be risky to use because it might contain virus that could kill us. In the other way cryptocurrency could be use easily at any time and we could make a transaction at any moment anywhere around the world. I think in the future cryptocurrency is going to be the one to use just like what we are experiencing today.

[StephenJH]

Halving is the answer to the mentioned questions. The higher the BTC goes up the altcoins will follow it and the bull market will arrive sooner than we expected.

[MUG1WARA]

in my country probably use fiat money because the cryptocurrency are not yet totally implemented,but some of the digital currency are already operating. At this time of pandemic we know that the fiat currency could be risky to use because it might contain virus that could kill us. In the other way cryptocurrency could be use easily at any time and we could make a transaction at any moment anywhere around the world. I think in the future cryptocurrency is going to be the one to use just like what we are experiencing today.

I also think like that but it seems like that won't happen in my country because of the lack of knowledge about crypto here and the government's strict prohibition of people who use crypto

[kynaz]

The next block reward halving for Bitcoin is less than two months away. But still, we don't have a major spike in anticipation of this event. I would blame the COVID 19 outbreak for this. The economy is in ICU, and the impact is being felt at the cryptocurrency market as well. And my outlook for cryptocurrencies is quite bleak, at least for the next two to three months. We may witness a major drop following the block reward halving. 

I think the market will drop further in the near future because now the market is heavily influenced by covid-19 and certainly investors will not remain calm when holding. Personally, I've sold more than half of my assets on fiat and will continue to sit still until the downtrend ends. Of course, you have the right to decide on your investment but the crypto market this year will be very unpredictable.

[awik p]

The next block reward halving for Bitcoin is less than two months away. But still, we don't have a major spike in anticipation of this event. I would blame the COVID 19 outbreak for this. The economy is in ICU, and the impact is being felt at the cryptocurrency market as well. And my outlook for cryptocurrencies is quite bleak, at least for the next two to three months. We may witness a major drop following the block reward halving. 

I think the market will drop further in the near future because now the market is heavily influenced by covid-19 and certainly investors will not remain calm when holding. Personally, I've sold more than half of my assets on fiat and will continue to sit still until the downtrend ends. Of course, you have the right to decide on your investment but the crypto market this year will be very unpredictable.

as long as there are no bright spots about co-19, I think there are still many investors who wait and see to see the situation. not only crypto experienced this bleak period, but all economic sectors were affected by this outbreak. the path you took is correct, just waiting for the price to be at the bottom to buy back

[Lexurdania]

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.

When a pandemic coronavirus occurs, online transactions increase and people prefer to transact online for their own security. If more and more people realize the potential of cryptocurrency in the midst of the current crisis, I think the demand for cryptocurrency as a transaction tool or safe haven will increase and prices should continue to increase

[cassavachips]

Of course this makes everyone panic and they sell cryptocurrency assets to make ends meet as long as the pandemic is still ongoing, no matter the price or investment. Health is the main thing, but now it looks like the condition has begun to improve and hopefully it will end soon. The cryptocurrency market has also begun to recover today.

[minairia3]

What is the cryptocurrency family doing to support their own community at this perilous time.

Binance donates already a lot of fund and even launc their own fund raising to raise more money for the covid victims and giving some useful ppe and equipment world wide. Crypto community has a huge group, I assume some have their own ways on supporting their own herd. But this responsibility should be clearly handle by own government. We are lucky that some of our crypto friends doing some initiative here to help.

[ije07]

The world today is not only a crisis for health, but has a huge impact on the global financial crisis worldwide because of the Covid-19 pedemic. activities that experience total paralysis, the community must be at home while patients who are positive Covid-19 must be quarantined in a special room. and very sad if we only rely on gifts alone is not enough to meet the basic needs, as long as Covid-19 is not finished.

[tbterryboy]

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.

Your last question was kind of funny though lol. Cryptocurrency community doesn’t have any organization that controls it or stays at the top and gives order on what should be done.

So, what exactly are you trying to say, where are you heading to question? Are you trying to say that cryptocurrency should be doing something like providing money? Because that’s not possible. Supporting in situations like these is up to organizations and platforms we have here; for example Binance or Coinbase may decide to donate money to Red Cross, by doing that they are representing the whole cryptocurrency community.

[Sembadapuja]

There's is serious panic but to me I would say if one does not have mind to watch his or her bought coins dip so bad cause it will certainly do you just convert to USDT or fiat on the exchange but you may have to sell at lost but if one can just close his exchange app and forget the coins till it bounces back it would be so great too. used of crypto is mostly as a payment get way especially BTC, but there has not yet been enough adoption for them and people owning cryptos mostly use them as a form of investment or for trade. I heard that some countries have already tried to use crypto to replace their traditional payment system to avoid covid 19.

[criket]

There's is serious panic but to me I would say if one does not have mind to watch his or her bought coins dip so bad cause it will certainly do you just convert to USDT or fiat on the exchange but you may have to sell at lost but if one can just close his exchange app and forget the coins till it bounces back it would be so great too. used of crypto is mostly as a payment get way especially BTC, but there has not yet been enough adoption for them and people owning cryptos mostly use them as a form of investment or for trade. I heard that some countries have already tried to use crypto to replace their traditional payment system to avoid covid 19.

do not rush to sell your coins at a price that is not so good at this time. unless you have made a profit and doubt if the market will improve. whereas, now you can see the market starting to improve. if you are patient you might be able to get greater than the current value.