Crypto is not in healthy state yet

[seamusdorakos]

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 should rather be asking "is crypto holding on better than other relative markets/industries?"
If we compare it to online movie theaters like netflix - crypto is losing for sure, but that's not relative at all
So the answer to my question is - hell yeah man, crypto businesses has to pay way less rent so they are not in deep ass like other relative industries' businesses

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[mirakal]

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.

Heath is more associated to how stable the market yet and I think the market is not so stable and there is a big threat that the market will be dump in the future, yes, due to covid, there is a doubt now for investors but surely we can get through this situation.

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.

BTC's halving will have more impact that BTG, but I can't tell if its really gonna be bullish going to that schedule as like I said above, there's a threat which is the covid-19 or the pandemic.

[AliMan]

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.

There's no certain halving yet to expect until we will survive with the current economic crisis. The slow movement of crypto price still the effect of an ongoing pandemic which really made people panic on their finances. That's normal scenario to consider and we can't prevent that to happen, since most traders relied on their financial independence particular on trading different types of crypto. Let's stay focus and observant with the ongoing developments, don't let fears control but rather have courage to survive even though the problem still present these days.

[DevilSlayer]

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.

There's no certain halving yet to expect until we will survive with the current economic crisis. The slow movement of crypto price still the effect of an ongoing pandemic which really made people panic on their finances. That's normal scenario to consider and we can't prevent that to happen, since most traders relied on their financial independence particular on trading different types of crypto. Let's stay focus and observant with the ongoing developments, don't let fears control but rather have courage to survive even though the problem still present these days.

Even though there will be a halving that will happen, we should not expect that the price will grow so much because we are still facing big crisis. This crisis makes all of the financial market to collapse. In the cryptocurrency, there is still high selling pressure and it indicating that the market is still not healthy. For those who want to trade while bearish market is still occurring, manage your risks very well especially if you want to survive in the current  market challenges.

[cryptonewbie]

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

[sulendra12]

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

Really? Most of cryptocurrencies went down for more than 20% because of this covid-19 crisis, it's a huge dump in just short span of time. It's good for you to actually save the investments, but other people would suffer the most especially those people that have big assets.

[Jateng]

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

It's been 4 months since the first case happen about this virus and it's still spreading all over the world. It's dump for a while but immediately recover after a month of rallying and even global economy is dump also. As you can see, it's back to more competitive price over the market. I'm very disappointed that a lot of crypto events that possibility of adoption would happen if it's not cancelled because of this pandemic.

[target]

Its not just crypto that is not healthy but all markets today are not making its way up. If its going to take few more months and ignoring the effect of halving, its gonna be dooms day even for BTC. Very unfortunate for people who has not save anything for this hard times.  The only who will survive are the ones who don't rely on money but the goods they have in farms.

[michellee]

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.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.

[imstillthebest]

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?

how good is this  ? lol no its not good  . rather you should say how bad it was  . 

bad in the next level  obviously ,  we know that mining equipements are important because if without miners our transactions can take a long time to process and also miners need to update from the latest mining equipment to able to continue mining  . the other one is crypto conference we need that too to spread awareness on crypto and to make crypto more indemand   . ico's need that too  .

[bitkanu]

Funny thing is cryptocurrency didn't really dump as much as anticipated during this covid-19 crises. So I am impressed and thankful that my crypto investments aren't wiped out yet. I sure cannot wait for everything to get back to normal.

CRYPTY faced a big dump last month caused by covid and that's the fact but the thing that makes crypto can go back again to the previous rate caused by the urgent adoption that comes from the country that was getting crisis caused by covid. If the situation will even worst in the future and i don't think we will get another possibility to get back again.

[TitanGEL]

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.

I agree with this. That is the fact about the crypto market, but we still have much time to see the crypto market will be back to the higher price again. However, the halving time for bitcoin will give a big impact to the crypto market, and maybe that will be a good time for bitcoin to back to the higher price. Although we don't know when the crypto market will become healthy, at least, we still have a hope that everything will be okay, and we can survive in these situations.

It is just pure speculation , I'm sure that most of us are still not sure on what will happen after the halving. The current market is still not in healthy state because we can see that in the chart where lower higs and lower lows that are keep forming and it is sign of weakness. We should manage our risks very well especially if we want to survive in this kind of situations. The market will become healthy again but we need high patience because it takes time.

[Oasisman]

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?

Nah, that's not going to affect cryptocurrency in a large scale. Conferences can be cancelled or re scheduled and that might not change the market condition even if it's not cancelled (live video conference is possible).
While production of mining hardwares will not also affect the mining production because miners do already have their existing hardwares that's running the rig. Upgrades won't be necessary at this situation anyway.

Lastly, the market indicates a healthy movements when the price is moving sideways.

[Enrique Malchow]

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

[sangjoewara]

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

Do not immediately assume that now is the right time to buy crypto, because every investment that always has a risk that is not small even on a large exchange, you must be really careful in terms of any investment at any time.

[SirLancelot]

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?

Around February when the outbreak started, I got news from Cointelegraph that mining of Bitcoin was stopped in China. I don't know if they have started the mining of Bitcoin again, I really need to update myself on that. But despite everything that has happened the cryptocurrency community is still growing and things are working as normal.

I have not had any problem with my transactions and the price has been able to recover a bit after falling to around $3,000 price, and it has remained stable at $6,000, and recently got up to $7,000. Whatever has happened is not that critical, and things will get better.

[Japinat]

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

Do not immediately assume that now is the right time to buy crypto, because every investment that always has a risk that is not small even on a large exchange, you must be really careful in terms of any investment at any time.

Every investor has to decide on their own, following what other people are saying is just like investing blindly, which is not good.
It's necessary that we carefully evaluate and analyze the situation, and if we are convince that we see some value buying at the moment, then we should not hesitate to risk and just hope we are right since investing never guarantee a profit.

[pawanjain]

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?

If we look at it from a different perspective then you can see that all those conferences can be held online.
Also, this would encourage more people to take part in the conference because of the following reasons

1. People will have a lot of free time during the lockdown and hence they can take part in it
2. People won't have to go to the conference since they will be able to attend it online hence many people will volunteer to participate
3. People will have nothing new to do and hence this might be a new thing they learn in the lockdown

[Pamadar]

most of the people trying to invest in crypto. market is down it is the right time to buy crypto

Do not immediately assume that now is the right time to buy crypto, because every investment that always has a risk that is not small even on a large exchange, you must be really careful in terms of any investment at any time.

Never to assume without proper research, crypto or any form of investment needs to have good background checks as you go further every market movements do have reasons, and once you already learned things behind those reasons it will be much easier to you to anticipate what will be the best options or position to take in favor of your investment. Your decision needs to be backup by concrete knowledge and understanding..

[Akoldi_ibk]

I think you are wrong, now that people are on lockdown they will be forced to look at other online jobs available, many lost their jobs already, companies have been able to master new opportunities by digitizing business processes and moving employees online.

I agree with your point. Though the impact is not yet seen or felt, but yes, many people will more exposed to the crypto industry as they spend more time online either by going about their daily business digitally or in process of adjusting to new normal (online activities).