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Author Topic: Crypto is not in healthy state yet  (Read 699 times)
Bitstar_coin
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April 12, 2020, 11:08:07 PM
 #41

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?

We can as well say the same for the world and its economy at large. Crypto might not be the alternative safe haven alas but it's certainly not doing badly, strong and established coins are still waxing strong as well as the new coins with good background and structure like Solana too. So I am confident
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April 12, 2020, 11:08:22 PM
 #42

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?
Do you really tried to figure it out that stoping mining manufacture equipment is pushing price up. Any single good reason I didn't find for cryptocurrency after attack COVID-19. Just look at the crisis worldwide, every market feel that crisis. Bitcoin price was more good than now, only coronavirus hold this price and only for this viruses crypto isn't healthy yet.

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April 12, 2020, 11:14:35 PM
 #43

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?
This is not good but crypto will survive, in fact, we survive the big dump and starting recover.
Instead, we just have to look at the big picture, what you are stating is a just a small piece of the pie hence the effect is very small.

The network will still run, people will be interested in investing then that would make this market grow and I believe its possible as stocks a losing a lot of money, big investors are looking for an alternative.

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April 12, 2020, 11:30:51 PM
 #44

The longer the time we spend in the crisis and the more the pandemic is prolonged, the more the number of those in crypto will increase, because that might gradually be a haven for them.  There is no doubt about it, crypto is actually increasing. It is paving way for more potential investors.
I still appreciate tat the crypto market has been able to prove that it is different, by growing amidst market downturn.
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April 13, 2020, 12:15:00 AM
 #45

The longer the time we spend in the crisis and the more the pandemic is prolonged, the more the number of those in crypto will increase, because that might gradually be a haven for them.  There is no doubt about it, crypto is actually increasing. It is paving way for more potential investors.
I still appreciate tat the crypto market has been able to prove that it is different, by growing amidst market downturn.
You must also keep in mind the risks involved in crypto, because if you don't have a strong mentality in the current market, what many people want can turn around.
basically do not ever try to enter but do not want to experience a loss.
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April 13, 2020, 12:42:21 AM
Merited by Xxmodded (4)
 #46

Covid 19 make bitcoin and cryptocurrency not healthy yet and keep going down until today, although one  month later will have bitcoin halving but still not giving good respond to make bitcoin going on the top price. We need solution how to increase world economic well back soon after covid 19 ended and bitcoin will back to higher price.
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April 13, 2020, 02:25:18 AM
 #47

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?
It will surely affect the crypto and as you can see we are still struggling to push the market upward because of the outbreak. If this will continue, the worst scenario will be many investors will be forced to sell their bitcoin holding just to buy foods and etc. that will be needed in their daily living.

Big whales can handle long time lockdown but for the middle class, many will be having difficulty especially if the expenses will keep on growing while there is no coming earnings. If we will be finish by this outbreak then maybe the market will be back to a healthy state but we don't know yet if when it will happen.

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April 13, 2020, 02:30:18 AM
 #48

Covid 19 make bitcoin and cryptocurrency not healthy yet and keep going down until today, although one  month later will have bitcoin halving but still not giving good respond to make bitcoin going on the top price. We need solution how to increase world economic well back soon after covid 19 ended and bitcoin will back to higher price.
Since the arrival of covid-19, the whole economy has been greatly affected and if it cannot be improved soon, this year will be the same economic crisis year as in 2008. I really do not want this to happen but the situation is very unpredictable now and the crypto market is now very vulnerable. I just hope this situation can end soon and people return to normal life.
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April 13, 2020, 05:31:08 AM
 #49

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?

Obviously not a good situation right now. Anything was affected including cryptocurrency gains like mining. If you noticed, bitcoin's price is also hard to recover. It's like people are focusing on this dilemna and set aside other investments. But despite of this, there is still good news. Others may focus more about crypto trading like this one;
India increases volume in crypto trading because of covid lockdown. Seems positive for crypto but its still down in performance.
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April 13, 2020, 05:46:11 AM
 #50

It has bad and good sides because there might be postponed events about crypto due to this pandemic, but the lockdown seems good for people looking for opportunity online to have an extra income.

And this moment is a right timing to engage themselves in crypto since they have plenty of time to learn and understand everything.

This problem of the world shall pass so lets just think positive and have a helping hand to others who are in need.

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April 13, 2020, 02:49:47 PM
 #51

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.
Mining farms may need employees to solve technical problems of the mining rigs or to mount new ones, but they probably aren't needed very often or even if they would be needed on a daily basis, the mining farms won't ever be overcrowded. In fact, supermarkets are more likely to be overcrowded during a lockdown than a mining farm. But we're talking about the Chinese authorities, so expect anything.. Smiley

Conferences will be held again after the lockdown gets lifted (hopefully). If they wanted to hold a conference, even if they wanted to do it by live-streaming it without any spectators physically being there, they still should've gathered crypto personalities from all around the world. They'd probably all travel by air, and so on. Risks increase, obviously. So cutting off the conferences for now isn't a big deal imo.
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April 13, 2020, 02:57:08 PM
 #52

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?
We cannot stop the market from falling and we have to admit that many industries are affected, yes its not healthy right now but as a small investor, I still see a dump market as a good opportunity to buy. Crypto will survive, this can still be a safe place for us so don’t lose hope and stay a positive mind towards cryptocurrency.
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April 13, 2020, 04:19:53 PM
 #53

Nothing is in a healthy state recently due to the Corona virus pandemic.Both Large and small industries are badly affected ,millions of people have lost their jobs due to the pandemic so it is safe to say nothing is in a healthy state right now we just pray that this will soon come to an end so that all things will be back to normal again.

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April 13, 2020, 04:28:58 PM
 #54

   I wouldn't say that like that, crypto-currencies are not sick, they are just young and not yet fully developed.
Which is a normal thing, Bitcoin exist 10 years, but most of other popular crypto-currencies are much younger.
   Just because they are young and not yet developed we can't say it's not a healthy state! It's why I said many
times that we are still in early stages, and we need to be patient and wait for years before we see some huge
break trough!



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April 13, 2020, 04:30:24 PM
 #55

Once this pandemic is over Crypto market will be one of the first industry to get up, and will immediately go to the bull because it has managed  to live in a crisis like this, hopefully the market will stay on the $6k to $7k  level until we find a vaccine for this pandemic it wrecks havoc on everything.

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April 13, 2020, 04:44:33 PM
 #56

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?

You are right, this pandemic has led to the shut down of many activities all over the world and not just only the cryptocurrency market, any event that has to do with more than 10 people gathering have been shutdown and obviously this isn't good for global commerce as even workplaces got shutdown. This pandemic is really a blow on the entire cryptocurrency market as this market is known to be thriving when the entire world is in good condition and when lots new people are joining the market. Well, we just have to be optimistic as this is just the first quarter out four quarters we would have in the year, i hope the pandemic goes with this first quarter so that other quarters will bring with them a prosperous market
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April 13, 2020, 05:10:48 PM
 #57

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?
This is because the whole world is in a financial crisis, so it is normal that cryptocurrency is financially affected, that is why cryptocurrency is not safe to this pandemic of the corona virus and how people is starting to panic. A lot of people probably started to sell their bitcoin and other cryptocurrencies from the last dump because they need to buy the things that they needed during lockdowns. Good thing that bitcoin is slowly recovering it's price up to $6,000.

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onrise
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April 13, 2020, 05:26:51 PM
 #58

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?
We cannot stop the market from falling and we have to admit that many industries are affected, yes its not healthy right now but as a small investor, I still see a dump market as a good opportunity to buy. Crypto will survive, this can still be a safe place for us so don’t lose hope and stay a positive mind towards cryptocurrency.

Entire world is facing the heat due to this pandemic and it will take lot of time for all the industries and economy to be back on track. Not only crypto even other markets have fallen badly and will be taking times to recover due to this virus. It is only time which one pass things will start to get normal and a good time for the investors to invest during this market as priced are low.


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kingzpro
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April 13, 2020, 06:39:29 PM
 #59

Crypto is safe i think and if we take it as an alternative financial and investment market then surely crypto market will start booming soon, when the traditional economy and businesses suffer people will look for alternative market so cryptois highly likely to boom post covid-19. Even now the crypto market is largely down because people are keeping liquid cash in hand due to pandemic fear but as doon as it is resolved money will pump into crypto that will pump the prices.

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April 13, 2020, 07:23:30 PM
 #60

According to Mine, everything goes as it should. Miners continue to mine, traders continue to trade, and projects are developing remotely.
The only problem is that in the near future people will not have money to invest, but this does not apply to institutional investors. It is likely they will stretch the market.
How we can expect everyone to be simply continuing their work regardless of how economic of their country will be doing. I mean to continue the mining process you must have support from their country like there should not be any interruption in electricity supply. There will be plenty of chances for the country to cut down power supply for some hours when that is an economic collapse in that country. Similar situation is applicable for traders and project developers.

People who are depending on other resources other than cryptos, must get impacted because of economic slowdown due to this corona outbreak. This may result in crypto space as well and this is the simple reason why we need to assume that crypto is not yet in healthy state.

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