Crypto is not in healthy state yet

[Byakuga]

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

The production in mining rigs are back in business in china, do your own research very well, some new projects postponed launch but not all of them, some works digitally and things are going accordingly

[crypto_keen]

Yes, many of the crypto conferences and mining productivity has been stopped during this pandemic time. Many altcoins and even bitcoin prices aren't going well, its fluctuating day by day and unstable because of this quarantine. Unsurprisingly, we can't predict the price of coins whether it goes high or low. So, it's better to stay calm and not to trade or invest in this time rather analyze the market well and be patient to return the bull market run.

[momchilandonov]

Confs was a great space for networking and shilling. This may be not so good for devs but actually i dont think that this is really terrible

[Yamifoud]

Yes,  we could say that crypto isn't healthy yet with the current market situation but I have to disagree when saying the people stop accumulating crypto because of the pandemic. To the extent that crypto runs through online,  we can still do trading, mining, and some other crypto investment. If we are also basing the price, I think we are good and healthy enough than what it happens last year.

I may think it was market adoption which is not yet ready and strong but talking about the status of the market, we are still in the average level.

[joybella]

The question should be how bad is this for cryptocurrency? The year 2020 started off fine, everyone anticipated Btc halving boom a virus outbreak everything crashed. This is not only bad for cryptocurrency but the world economy as well.

[nikki4]

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

China did control almost everything, there is no problem to manufacture any mining equipment. China already ready to release all products in time as do every year. You could say, cryptocurrency conference cancelled but now everything is in roll. Only top coin is in healthy way but still altcoins couldn't do anything surprising.

[Balladtony77]

The virus outbreak already done it's damage on the upcoming bitcoin halving but on the other part it's helping crypto to get well recognized more better, people have no choice but to stay safe now and work at home, crypto will always be among the list of working online using Google search

[Casdinyard]

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

China did control almost everything, there is no problem to manufacture any mining equipment. China already ready to release all products in time as do every year.

We could easily say this since they are the producers, even in vast major fields China is the best producer of anything that's why their economy is booming ever since. It is easy to say that China is hustling to control almost everything, even the virus is suspected to be their weapon for a silent war although it is not proven, just yet, but we can't blame a country for controlling everything they got powers and they want to be on top.

You could say, cryptocurrency conference cancelled but now everything is in roll. Only top coin is in healthy way but still altcoins couldn't do anything surprising.

You should look after bitcoin fork, the BitcoinSV and other alternative like LINK and Tezos you could easily determine that these coins are doing so good that they are the only coins in all green or the last month, 6 months and a year. You should take a look on these coins, perfectly profitable at this time.

[suryapro]

maybe for the big miners who use this modern tool is a big loss. but when compared to the risk that they would get if forced themselves to do mining, then this is the best way. although this is a big loss for the development of the crypto world

[Denreal]

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

Did you just come up with this assertion or you saw it somewhere stated that mining has been halted and blablabla?
moreover, you did not point out to any source which would make us believe you.
Those looked down or self quarantined at home at this time will only be left with activities online alongside their families, because they cannot go to the world outside for offline jobs. So it is likely we see most of them coming to venture into crypto, since it is online-based.

[Kezacky]

My point of view is different on this matter we all know the main reason of the current situation almost every industry is struggling not only cryptocurrencies we just have to be patience and wait for the right moment hopefully we will have brilliant occasions in near future whenever the circumstances will be in control.

yes maybe that will happen soon, after the corona virus outbreak problem can be resolved. Right now the world is in an emergency situation by Corona. Community and global economic activities are not conducive, but I am sure that after the outbreak is gone, the world will return to normal and the crypto industry will be stable again.

[danielchris]

My opinion is about not only  crypto, all of  the  projects are effective by covid -19. So we should not worried about all new & old projects running in the market. Nature is called change of time.

[JeotQ]

With time crypto popularity will climb up, many will have no choice but to look for means to survive, working online search will rise up using Google search English I bet, crypto is the best option to turn to

[20kevin20]

We'll likely move on and things will slowly get back to the previous state crypto-wise.

There are way more important things we should take care of at the moment imo. We should be worried about the way life will look post-lockdown, now whether the cancellation/postponing of conferences is good or not for cryptocurrencies.

Because everything is now postponed, why does it make a difference that conferences aren't held anymore either? On the other hand though.. they could've held them online. I have never followed a crypto one, are they really that important for the future of cryptocurrencies? We have roadmaps, blog posts published by devs etc.. we can see the history of a coin's development if we're willing to. The existence of a coin doesn't depend on conferences so I'm not worried about them at all..

[pixie85]

I think that cryptocurrencies are looking good and healthy when compared to all the crazy shit that's going on out there in the world.

Stocks were crashing hard until the market sessions got stopped and countries begun to print money.
So many people lost their jobs and many more will lose them in the next 2 months.

This is going to be a disaster but cryptocurrencies aren't even at their bear market lows. It's good. It means people are still buying.

[cute nmp]

Nothing is in healthy state recently due to the Corona virus pandemic nothing is safe out there now.It is not the crypto-market that is affected all bussiness worldwide are been affected some are even closed so we can say crypto is in safe hands compare to other bussiness.Some icos are still ongoing upto even though some are postponed but still crypto is doing well more than other bussinesses.

[CaVO32]

We'll likely move on and things will slowly get back to the previous state crypto-wise.

There are way more important things we should take care of at the moment imo. We should be worried about the way life will look post-lockdown, now whether the cancellation/postponing of conferences is good or not for cryptocurrencies.

Because everything is now postponed, why does it make a difference that conferences aren't held anymore either? On the other hand though.. they could've held them online. I have never followed a crypto one, are they really that important for the future of cryptocurrencies? We have roadmaps, blog posts published by devs etc.. we can see the history of a coin's development if we're willing to. The existence of a coin doesn't depend on conferences so I'm not worried about them at all..

This is the advantage in crypto or blockchain technology. Conferences is just a bonus to disseminate the information/knowledge about crypto. We can always do it online or search online what it is all about. This technology is not dependent on conferences. They are only holding these events to connect potential investors, customers or stakeholders. So I am not worried also with the halt of conferences.
In terms of mining equipment, the OP has no source where he got the notion that China totally stopped the production. Now, that Wuhan is open. I don't think manufacturing companies are still shutdown. They are slowly going back to normal life.

[bttmember]

Do not worry dear, crypto market is still better than most other financial markets at the moment, considering how corona virus has crushed every market, just hope that it will be over soon and businesses will be back and i am sure crypto market will be the first to move this time around.

[Coyster]

The virus outbreak already done it's damage on the upcoming bitcoin halving...

The halving is yet to take place, it should be around sometime next month, how then has the corona virus pandemic "damaged" the halving; I'm aware there are a lot of newbies that are eager for the halving to happen and they are expectant due to a possibility that BTC price will go up, that may or may not happen, the virus may or may not affect it, you cannot be sure of what will happen.

More than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China, how good is this for crypto?

Sport competitions was cancelled, international travels banned, even free movements of people was restricted etc, every activity that brings people together was cancelled to stop the pandemic spread and that's why the cryptocurrency conferences were cancelled, not because of the"doom" of crypto.

[Leonardo7]

I was waiting to buy a crypto asset at a very cheap price because of the Pandemic, but no the virus has no maximum impact on the market, the market is as strong as ever, the whales just playing their usual game buy dumping and buying cheap. The market is very healthy for me.