How corona virus affect on the Crypto world?

[memed97]

Corona affects financial markets pretty hard. Almost the whole stock market decreased besides few companies like Amazon. Crypto is still following the major markets and I cannot imagine that we would see a strong price increase before the end of pandemic, most likely another deep fall.

Yes, but Corona only affects the real financial markets, because the global economic turnaround on the financial markets is done by people outside the home, so it is only natural that the decline in the stock market is very clear, but it is not visible in the space crypto.

[acdc]

The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.

[prof7bit]

The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.

I think that the price of Bitcoin will also fall when the stock market begins to fall. I expect the price of Bitcoin below 5500 dollars and I’m ready to buy cryptocurrency.

[mamesso]

I believe in Bitcoin in the long run, but when heard about the unemployment rate because of Corona virus increasing every week, I feel worried. How it will affect on the crypto world?

The chaos caused by the coronavirus has begun to infect the world of cryptocurrency, the reason is very simple, the collapse of the world economic turnover made investors have to think twice about investing in cryptocurrency. But this condition will not be permanent, Rest assured, bitcoin won't die because of the coronavirus, cryptocurrency will definitely improve once corona pandemic ends.

[Bim abk]

in fact I quite believe that every outbreak will have an impact on the economic system, so we need to know that the impact on the crypto market also exists. but now the epidemic that is happening in the world has begun to decrease, I hope that everything can pass quickly because normal life has been waiting for, especially for my country

[sangjoewara]

I think that the pandemic has completely increased the level of panic and the situation has become more tense in all financial markets.
I wonder what the markets will be, including cryptocurrencies, when the crisis and pandemic will end.

The pandemic will end if the corona virus vaccine has been found, but so far no vaccine has been found by experts, so the thing that is always done by citizens around the world is to always maintain health and always live in a clean environment, so they can avoid the corona virus, and talk about the problem of market decline, I also do not know what to say, because at this time everyone is panicking and afraid in facing anything around them.

[qazgroup]

Yes i think this virus has badly hit not only the financial markets but each and every sector of life that one can think of, similarly it has effected crypto market as well and i think the real bull trend that was expected after halving may be delayed by couple of months till this virus is controlled worldwide.

[SolarWindMiningCompany]

The COVID-19 epidemic has absolutely no effect on cryptocurrencies. Initially, I thought that due to the worsening disease situation, the BTC price would dump sharply. But now the indicators show that BTC will pump very strongly in the near future. I think one of the main reasons is that the  BTC halving event that mining time for 1 BTC will take a lot time than before.

c'mon bro! Convos affects everything in this world monetary related including crypto. If you haven't noticed, there's a lot of manipulation in exchanges to maintain volume. Why? Zero or very little new investors because people are more worried about hunger and food than investment at the moment

[Clement Kaliyar]

The COVID-19 epidemic has absolutely no effect on cryptocurrencies. Initially, I thought that due to the worsening disease situation, the BTC price would dump sharply. But now the indicators show that BTC will pump very strongly in the near future.

You cannot come to a conclusion now, the halving is yet to happen and with the economic uncertainty you cannot predict what the future holds and whether we will see a huge pump is not clear as bitcoin market is yet to face a recession and the mystery of bitcoin as a store of value will be tested much sooner than we expected

I think one of the main reasons is that the  BTC halving event that mining time for 1 BTC will take a lot time than before.

Can you explain what you meant here.

[FairUser]

The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.

Many people have chosen to hold USDT or FIAT at the moment. They are afraid the market will collapse so they will not risk investing at this stage, I hope the virus can be controlled so that everything can return to normal like before. Btw world has more than 3 million people infected with the virus, this is a huge number

[gundala]

~
Thanks for all the responses.
I general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

It's great that you gave this response. I also read that most members are quite sure of the development of the crypto world, although it is not easy, this is normal because the world economy is also not good.

I'm sorry, a lot of people lost their jobs, their business went on hiatus, their income dropped, etc. Before this pandemic, I had worked full time at home, as a freelancer, in the world of crypto and building, so I was not so affected by this change. The crypto world, especially from trading and bounty campaigns, still provides a good opportunity to earn money.
Hopefully, the vaccine from this virus will soon be discovered so that the economy can turn smoothly again.

[TimeTeller]

~
Thanks for all the responses.
I general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

It's great that you gave this response. I also read that most members are quite sure of the development of the crypto world, although it is not easy, this is normal because the world economy is also not good.

I'm sorry, a lot of people lost their jobs, their business went on hiatus, their income dropped, etc. Before this pandemic, I had worked full time at home, as a freelancer, in the world of crypto and building, so I was not so affected by this change. The crypto world, especially from trading and bounty campaigns, still provides a good opportunity to earn money.
Hopefully, the vaccine from this virus will soon be discovered so that the economy can turn smoothly again.

We are indeed in a very challenging times here, and not only few countries but across the globe.
Imagine we are experiencing once in a lifetime pandemic situation here.
I am very positive that we will emerge victorious after this situation.
This pandemic will teach us so many lessons that for sure we will pass on to the next generation.

And when it comes to crypto world, I guess there are more positive than negative going on.
But I want to dwell more on the positive side and one is increase of potential crypto users.
One example is my first-hand experience, my colleague suddenly called me on how to trade with crypto.
She wants to learn how to deal and transact with crypto.
I really don't volunteer in teaching someone about crypto, because in my experience, they have a lot of hesitations, negative views when you start talking about crypto.
So I just wait for them to ask about it. And that's when, I tried to let them know to learn the basics first and where to read more on this topic.
You can't give all the info but little by little they will understand, talking to a crypto user in combination with reading online.

[cytpoway121]

The pandemic impacts on the world economy was not good. Even oil sector got so low.

But the pandemic has in another way pushed the drive for worldwide acceptance and adoption of bitcoin.

After the pandemic, the world would never remain the same again, the use of bitcoin as mode of payment could increase because cash might not be hygienic

[WSDN]

The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.

Many people have chosen to hold USDT or FIAT at the moment. They are afraid the market will collapse so they will not risk investing at this stage, I hope the virus can be controlled so that everything can return to normal like before. Btw world has more than 3 million people infected with the virus, this is a huge number

This is a number that I can't believe because covid-19 is actually causing the whole economy to collapse and without the vaccine we will continue to live a life of worry and gloom. In my country, the situation seems to be much better but not subjective because covid-19 may return again in winter according to many opinions. Of course, all my activities and my work are still normal but very different than before.

[AD Node]

In fact, as China recovers from the coronavirus outbreak, its market purchases appear to be recovering as well.
Still, it remains to be seen whether the new price sensitivity of Bitcoin in the markets will be a point off the curve or a new trend going forward.

[Dhoe]

For some people, a situation like this will make them try to search about how to get money from the internet, For example my friend, he did not know about Crypto world even when I explained he did not want to believe, But now, since he was always at home because Lockdown, he had started learn to get money from Crypto world. I think that is one positive side.

[Teraboy]

Corona affects financial markets pretty hard. Almost the whole stock market decreased besides few companies like Amazon. Crypto is still following the major markets and I cannot imagine that we would see a strong price increase before the end of pandemic, most likely another deep fall.

That's true when we were going back to the last months but not for this time. Crypto is going back to its way without try to follow the stock market. I would like to say that crypto has already found its best way without any intervention from the stock market or something else like gold too.

[Crypto_lion]

In the short term it is going to a negative effect with the prices falling but I hope in the long term people understand the need for diversifying because of this and enter crypto space.

[acdc]

The corona virus affects the world in general and the cryptocurrency market in particular. Many countries are closed, economic sectors have stalled, and many have lost jobs. That limits the amount of money invested in the cryptocurrency market and even it makes a large amount of capital withdrawn from the market.

I think that the price of Bitcoin will also fall when the stock market begins to fall. I expect the price of Bitcoin below 5500 dollars and I’m ready to buy cryptocurrency.

Bitcoin's fall below $ 5,500 is unlikely to happen in the near future, although the world is struggling to face the disease but we have seen many encouraging signs. Perhaps the vaccine against corona virus will appear soon and everything will recover soon.

[Bitlover10]

Corona did not take any effect on crypto. It was sudden down in the terms of prices but bitcoin recover very fast and right now its trading around 8k. So I don't think so it's take any effect. But offcourse its take a big effect of short trading... They get a huge loss who short btc.