Crypto is not in healthy state yet

[gundala]

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

Not that easy. Even if the price goes down, don't FOMO, it must be analyzed first. Of all investment products, cryptocurrency is the most volatile. In fact, when the decline in March, the crypto market fell quite deep and recovered faster than other assets. So this is not a simple thing, especially during a crisis like this, the market movement is very extreme.

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[Denamen]

The crypto market and the crypto community are used to periods of stagnation that periodically occur in the market.
The absence of conferences, of course, reduces the spread of information about the blockchain among people, but in the current situation they are not all up to it.
The crypto market may experience a crisis at a time when the rest of the world economy is growing and turnover. Therefore, what is happening now is a trifle, crypto will stand.

Not many people are interested in crypto right now, and there will certainly not be many big events going on as covid-19 is still appearing in many countries. I think crypto will have to continue to stay in the bear market and investors need to consider carefully before deciding to invest. Personally, I still hold some coins in the top 5 CMC and will wait patiently until the vaccine is available.

[BuNga_cute]

It is true that the beginning of the COVID-19 spread made the crypto dump, because some investors panicked and sold their coins.
However, after a few weeks the market has improved, now the price of cryptocurrency has begun to rise. Later the peak will occur
when halving bitcoin happens. I predict all coins will pump.

[mahilchii]

Yes, this pandemic has caused a major drawback for crypto community. People are very much concerned as the lockdowns still continues in many countries which is causing them to sell their holdings for daily needs.

But I personally feel that crypto has not much affected like stock markets, oil and other stuffs. I think crypto is proving it's capability in tough situations like COVID-19,  Some how we will overcome this time and let's pray everyone for speedy recovery.

[sangjoewara]

It is true that the beginning of the COVID-19 spread made the crypto dump, because some investors panicked and sold their coins.
However, after a few weeks the market has improved, now the price of cryptocurrency has begun to rise. Later the peak will occur
when halving bitcoin happens. I predict all coins will pump.

Yes, but the prediction of all coins will pump it until when huh? whether until next year or only specifically this year, because so far I have also seen many coins that are starting to rise in price slowly in all crypto markets.

[ttcsalam]

The epidemic has come in ages. And this is normal.Who more of us should take the name of the Creator and obey his command.In this situation, we must adhere to the rules of the World Health Organization.But the market did not have that effect. And it will be okay sometime.

[leea-1334]

It is true that the beginning of the COVID-19 spread made the crypto dump, because some investors panicked and sold their coins.
However, after a few weeks the market has improved, now the price of cryptocurrency has begun to rise. Later the peak will occur
when halving bitcoin happens. I predict all coins will pump.

Yes,,, this happened to all the investors in all the markets. Everyone panicked and dumped because they thought the markets would all crash. Indeed it all did but look at the stock markets they have all gone up now even though clearly this is a pump going on. It will not be in a healthy state when it crashes again this year, and crypto will likely follow!

[TastyChillySauce00]

It is true that the beginning of the COVID-19 spread made the crypto dump, because some investors panicked and sold their coins.
However, after a few weeks the market has improved, now the price of cryptocurrency has begun to rise. Later the peak will occur
when halving bitcoin happens. I predict all coins will pump.

Not trying to demotivate people but this time halving will probably have different result that the halving that has happened in the past due to this pandemic is really taking away all the attention. People don't really care about halving right and if there are some, they might have a role as a miner here. Hopefully the upcoming halving will bring prosperity to the whole market but I always expect the worst.

[mekar sari]

I also think the same that crypto has not been said to be healthy or stable, movement down so fast makes me afraid to invest in crypto maybe wait for  big news to buy crypto

 

[Latines]

In a month I think there will be a recession, then there will be a very good time to enter. Any crisis, any such situation means one thing. You can either make a lot of money or lose it. It all depends on your mood. I plan to raise money.

[kynaz]

Although for now some major events are delayed due to the Covid-19 but the price movements of bitcoin and altcoins begin to increase even though they are not yet fully at the highest level but we just wait for a big surprise by the end of this month, as many predict the price of Bitcoin and altcoins back to the peak.

I think the market will continue to decline in the near future and there will lots of coins bottom out as covid-19 now only makes things worse. In my opinion, you need to have a specific strategy and spend a lot of time analyzing market trends because it is not always possible to raise prices well. In addition, altcoins are heavily influenced by the price of Bitcoin, so if the coin does not increase, you will not have many opportunities to make money.

[ahmia39]

The epidemic has come in ages. And this is normal.Who more of us should take the name of the Creator and obey his command.In this situation, we must adhere to the rules of the World Health Organization.But the market did not have that effect. And it will be okay sometime.

Very good advice, but it would be better if we also follow the rules of the creator through his instructions, namely by cleaning ourselves and the environment in which we live, and purifying ourselves at all times, so if only following the rules of the World Health Organization I think won't be enough.

[Eclipse26]

The situation is obviously not good for this industry and economies outside. But the bottomline is that, this won't br permanent and I really hope it will not. For sure, months would be needed in order for the market to recover from thr problem we are currently facing.

In a month I think there will be a recession, then there will be a very good time to enter. Any crisis, any such situation means one thing. You can either make a lot of money or lose it. It all depends on your mood. I plan to raise money.

It is quite hard to picture out that things will be fine after a month. I think, months would be needed for the recovery of things outside this industry and more, for this economy to again, rise. We should mind things that would help us in our daily lives, especially if you are one with those who are highly affected by the problem. Take this time to learn things that would be useful when the scenario is again back to its "normal" state.

Although for now some major events are delayed due to the Covid-19 but the price movements of bitcoin and altcoins begin to increase even though they are not yet fully at the highest level but we just wait for a big surprise by the end of this month, as many predict the price of Bitcoin and altcoins back to the peak.

Those are just mere expectations, we cannot really depict what would happen. Take note of how huge the expectations were before, and see how the reality is going.

[mongkie]

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

yes this is the perfect timing for the investors to study cryptocurrency because most of the people have lots of time to read on other sources of income instead of working only and the stimulus given by the government is a good start for the masses to enter the market

[ningrum]

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

yes this is the perfect timing for the investors to study cryptocurrency because most of the people have lots of time to read on other sources of income instead of working only and the stimulus given by the government is a good start for the masses to enter the market

I'm not sure if there will be new investors entering Bitcoin, they will most likely see that the price of bitcoin falling from $ 19,000 to $ 4000 is a scary thing, but for old players it is acceptable because their money is stuck at high prices

[coinfinger]

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?

Crypto conferences are that important for the growth of altcoins? Just showing good progress in terms of project development and project related activities are not enough to confirm long term progress regardless of world economy will be doing good or bad? Still, I am also not sure the corona pandemic will do against world economy and against crypto economy.

I guess the upcoming bitcoin halving may change things because it will be a powerful incident which is capable of attracting investors regardless of how well the world economy is doing. I agree right now this crypto space is not doing at its usual healthy state; but things may change in coming weeks just due to the bitcoin halving. Let's hope for better things to happen around this altcoin industry too.

[Mdmaruft]

It's not good for crypto. But there have no options. At this moment people stay home and they have no job. So they choose online job. But some people selling their assets to cover the daily expenses. So it's negatively effect in cryptocurrency Market.     

[forexandcryptoauditor]

There is some impact on cryptocurrencies due to the COVID-19 pandemic situation. But this is not too much extent and tat to is affecting a few new projects. Even awareness about cryptocurrencies has been increased among new investors so far due to the pandemic situation. Once this situation will over, we will see more glory in the crypto market. And upcoming bitcoin halving even we can not forget.

[Mealea]

There is no doub that the effect of the pandemic is so heavy on crypto world. Many projects was forced to stops while many existing projects also experience decline as a result of lockdown.

[Shallow]

Good a thing they were cancelled for the betterment and well-being of all, also the manufacturers shutting down can't be blamed. Coming to the crypto space, it's quite true it is not in a good state but at the same time, same can be said of the world economy and markets as well. Many countries economy is feeling the impact as things aren't moving at all, because first thing first and that is, saving lives. In the same way, one thing I have come to understand is, irrespective of the nature of the world now, people are adjusting and still getting associated with the crypto space amidst the ups and downs.