Crypto is not in healthy state yet

[thesmallgod]

eventhough this is a rough moment in the world due to the pandemic disease, I still believe this is the right moment people can really learn and make use of the crypto from the comfort of their home and today i read somewhere on the forum that udemy is witnessing a huge new users taking course in crypto. About the mining shutting down, I have not heard news about that and I do not think locking down a country stops mining rig from working

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[ScamViruS]

Currently all industries are in trouble. Because the Corona virus has been attacked worldwide. The global economy has suffered a huge loss. For the panic of the Corona virus in the crypto market, there was a huge collapse. Crypto is not outside the world, when the global economy is on the verge of collapse, it is natural that there will be major changes in the crypto market as well. So we have to wait for the departure of the Corona virus.

[acdc]

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.
Hopefully the epidemic will end soon and things will grow back.

[Cryptrx]

It has been a rollercoaster since last year's high, the whole market has been in a depressing state, highly volatile with no certainties.

[bearexin]

I still believe that crypto world will slowly enter into healthy state very soon as corona outbreak may come to an end at any time soon. I mean there should be some vaccination to be invented against corona or not but regardless of that people may win the war against corona by simply staying within home.

When new people are suffering in low rate and suffered people are recovering then institutional investors start their business which will lead bitcoin prices and altcoin prices like before so the crypto world again get into healthy state.

[Kasabus]

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.
Hopefully the epidemic will end soon and things will grow back.

This epidemic has affected not just out offline works but even our online transactions. But i don't think crypto market has affected this much because the market is still in a good condition. We are still expecting bitcoin halving few weeks from now and hopefully this will be a great start for bitcoin and the rest of potential altcoins to pump again.

[Kotone]

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?

Totally not good. But I appreciate if you can cite the source that explaining how China stop manufacturing of mining equipment. Mining is a vital part of any project especially btc, eth and other big coins that uses mining. However, we cant deny that this crisis have a bad effect on the market, well maybe some miners stop their operation but I still believe some will continue as they know that this crisis will somehow passes by for quite sometime in the future. Do we need to start panicking when this happen? Also if the miners gone, Im not sure that btc will just died out. Of course Satoshi expected that supply will run out but Im sure it will not stop there. Maybe effect will be noticed but hell cryptocurrency project will died out after supply has been depleted.

[SacriFries11]

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.
Hopefully the epidemic will end soon and things will grow back.

Yes, at this state people will find money to support their needs as this virus continue to hurt everyone. Many people have no money to use at this time of crisis. Meanwhile, in crypto world, the market is in the state of recovering as you can see in the price of coins in the market. Bitcoin goes back to the previous price and continue to strike back again. We can see that it's not affected as previously by this pandemic. It already overcomes the resistance of the effects of the crisis even though the global economy is struggling.

[bitgolden]

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.

Yes, that must be the proper reason why we are having bearish markets right now. We cannot expect people keep on investing into cryptos when they are finding their usual life itself too hard without proper income streams; I do read lots of companies are laying off their employees which must be another consequences when world economics get slowed down. So, it is obvious cryptos are not in healthy state right now.

At the same time we can expect institutional funds to start flowing into cryptos in coming days as those people might be looking for alternate investments when no other markets are not doing good these days.

[pandanaran]

the emergence of the corona virus does not bring positive points into the cryptoqurrency market, as we have seen that the emergence of the corona virus has a negative impact on the market. now many projects are delayed, do not pay participants, there are a number of successful projects, but tokens cannot be distributed to participants, etc. Corona is still a big problem right now.

[Japinat]

the emergence of the corona virus does not bring positive points into the cryptoqurrency market, as we have seen that the emergence of the corona virus has a negative impact on the market. now many projects are delayed, do not pay participants, there are a number of successful projects, but tokens cannot be distributed to participants, etc. Corona is still a big problem right now.

That's some of the problem we are facing now but you guys have to understand that we are in a bad situation now especially if the devs are living in a country where they are heavily affected with the virus, and getting your tokens early will still be useless if it will not be traded yet or it will be but you'll not get a good value of the tokens you hold.

[irixo10]

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?

Basing my argument on your title, I would say the whole world is not in a healthy state although some countries are trying hard to contain the pandemic others are hardly succeeding. As we all know the devastating effects is that businesses etc aren't moving accordingly, borders are closed and so forth, thus showing that the world in general is not in a healthy state; and since crypto is of the world as well as being under the care of us humans then it is likely not be in a healthy state. But however, comparing crypto to other markets, it tends to be on the better side.

[acdc]

When people don't have jobs, investment in the cryptocurrency market will be cut so the market will be stagnant. To be able to pay bills even people will probably sell investments on the cryptocurrency market.
Hopefully the epidemic will end soon and things will grow back.

This epidemic has affected not just out offline works but even our online transactions. But i don't think crypto market has affected this much because the market is still in a good condition. We are still expecting bitcoin halving few weeks from now and hopefully this will be a great start for bitcoin and the rest of potential altcoins to pump again.

Yes, we can count on the recovery of the cryptocurrency market. In many parts of the world the disease has been pushed back and the economy has recovered. When the economy recovers, along with a halving inevitably the price of bitcoin will soar.

[doctor877]

Is it so easy for miners to abandon their rigs ? I don't think so. Staying indoor is for the good of everyone. I don't see all this to have so much deep effect aside the great fall we saw at the beginning of it. The market has been like this even before the lockdown orders. We just need this to be over before Bitcoin halving.

[seleme]

Is it so easy for miners to abandon their rigs ? I don't think so. Staying indoor is for the good of everyone. I don't see all this to have so much deep effect aside the great fall we saw at the beginning of it. The market has been like this even before the lockdown orders. We just need this to be over before Bitcoin halving.

I doubt the market will return to normal after the pandemic virus, the world is in a challenging mood. Crypto projects collapse one by one and only strong projects survive. The traders will have other things to do after the pandemic, maybe in the last quarter the downtrend will be over.

[skeleto88]

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?

When you talk about the current situations you can clearly see that it is not good as it was before, I mean the market had crashed down  in an instant following the outbreak of corona virus which affect most of the entire business market worldwide. But we can see some hope of lights as it constantly gaining back its momentum, we recently had seen hit it in $7200+ and I think it is a good sign despite amidst the crisis.

[Mpamaegbu]

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 real question should've been, "How bad is COVID19 for everyone?" The dicey situation right now isn't just a crypto thing. It affects all strata of businesses. With social distancing and lockdown I doubt any safety conscious person will blame anyone for cancelling or postponing conferences and meet-ups. I guess majority of us are now thinking — Let the world survive first then we talk about businesses later.

[Rosilito]

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?

At some point, bad, specifically for stuff like conferences and such that requires someone to be present in such room. But looking generally there were still good things that this lock down brought in a crypto space. As mentioned by everyone, some people had some change of pace to generate income. And I am pretty sure that people who have lost their job temporarily went into this space, and yes an addition of a new enthusiasts are yet to grow in this community and that is a good thing. Well, about market thing, stuff there are quite messed up specially when community panic is at its peak. But eventually, when everybody seemed to calm down some people went back to buy crypto that's why market had few pump to $6k. Much better than $4k, right?

[cytpoway121]

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?

I think using the word "healthy" for crypto currency will not make your intentions clear.
Instead of using unhealthy, lets just say crypto currency remains volatile, and with the pandemic all over the world; crypto currency volatility is inconsistent which has led to more bears than bulls.

And this is a reason why, as traders or hodlers, we must be at alert and also be ready to learn and relearn.
Always do your own research, all the time.

[Ezravdb]

Crypto market conditions are not yet in a healthy condition because the price movements of BTC and altcoin have not risen significantly due to the Covid-19 outbreak. However, we hope that the Crypto market will improve as soon as possible, because in a month BTC will be halving and BTG will be halving in the next two days.