How corona virus affect on the Crypto world?

[mamesso]

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.

As long as the vaccine hasn't been found, all activities carried out by the humans throughout the world will always be monitored and restricted, Such a situation will increasingly have an impact on the world economic circulation. Call it the world oil prices are declining, this cannot be separated from the impact of covid-19. If these conditions continue, it is probable that the corona outbreak will increasingly haunt the development of cryptocurrency.

[Thomas-s]

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.

Corona had an impact on global financial markets, and they have already influenced on bitcoin. People began to panic and sell the riskiest assets. therefore, everything happened just like that. I lost a lot of money on this dump.

[kingzpro]

The major effect was the major crash that took btc to 4k mark in no time but thanks to upcoming halving and corona cases  coming under control a bit the market is recovering well and it is highly expected that in may due to pre halving fomo prices can really pump, i think btc can break 10k easily with the momentum we are seeing in last few days.

[maruf01788]

I think corona has negative effect in crypto markets. Because people have withdrawn from crypto as well due to fear of virus and many people selling their assets to buy their daily necessities.

[HotRod4Life]

I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.

[Vishnu.Reang]

I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.

Just hold on for some more time. We are yet to witness the peak impact from this ongoing pandemic. Already 30 million or so in the US have become jobless and within the next 2-3 months, the impact will become more and more noticeable. The real trouble will start when these people run out of savings. The federal debt is going to increase by more than $3 trillion this year, and that can also have an impact.

[xandriel]

I don't see significant negative impact on crypto prices. If corona would have it, prices already go down. I won't be surprised by some decreasing of rates due to the upcoming general finanicial crisis, which is probable and even expected, in the world, but it's in long-term prospective.

This year is undoubtedly the year of the global financial crisis because coronaviruses are making the situation worse and the countries leading in economy are greatly affected. I just hope that there will be a vaccine soon so that everyone life can return to normal because since covid-19 appeared, the financial resources of many people are facing many difficulties.

[usekevin]

In a year, their will be some pump over a quarter of year. This year was taken by the corona, so corona will had some effects on Bitcoin and crypto world. But remember, it's only for short period. As soon of economy recovered, the same will reflect on crypto world. Many holding for long run, so this won't affect the market huge.

[dataispower]

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

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

Corona virus in the real sense should boost the crypto market, i was astonished at the rapid fall in BTC price due to covid19, before this recovery to around 9k region. If people get skeptical about using FIAT money since it can be a carrier for the virus, then people ought to embrace digital money, including BTC but that's not the case now. Talking about people losing their job due to the virus, jobless people who get to know about crypto will likely invest in it or start say airdrops/bounties for the mean time. Also donations by Binance, Kucoin and other crypto exchanges for instance could create more awareness for crypto.

[bitcoin31]

About the dumping of the market they have possibility but there still chances also dies not effect this of what is happeing in the crypto.

Corona virus is we wanna end as soon as possible because it's affects our daily lives our jobs and daily activities and those investors who have work maybe needed money so they sell their assets in the crypto cause of dumping that is one of the reason.

[gaston castano]

of course this will have an effect, because there is no revenue, of course, it will certainly have an effect on cryptography, some people will try to negotiate because activities outside the home are prohibited, but some people will use their money for living than use it for invest or trading on crypto.

[MuhNofa]

I think the corona virus really has an impact on this earth because what I think is that the corona virus has ransacked the world market like trade, factories, etc.
but I think for cryptocurency it might not have too much impact, but that's in my opinion because I think the world of cryptocurnecy can be done anywhere at any time or at a time like this where in various countries it is required for pyhsical distancing or work from home

[Mila52]

After a pandemic, the world will change and willn't be the same. People willn't be careless and will accumulate funds in reliable assets. Cryptocurrency gives anonymity and independence from total control. Decentralization saves everyone's personal space.

[vaultman]

In my opinion, there have been fewer bounty campaigns. And the fewer they are, the less profit. But I think everything will be alright after this pandemic

[jajorforce]

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

After your update I will tell that all are positive comments only for halving time. We can ignore it if this is any others coin halving time. Coronavirus effect was clouded by this halving effect. But this time Bitcoin halving time deserve 15k USD instead running situation. After we can control this virus this effect, situation will show up.

[Crazyworld]

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

After your update I will tell that all are positive comments only for halving time. We can ignore it if this is any others coin halving time. Coronavirus effect was clouded by this halving effect. But this time Bitcoin halving time deserve 15k USD instead running situation. After we can control this virus this effect, situation will show up.

It may be true. People are FOMO because of halving. Let's see what's happening in the next month.

[soramon]

I think it can affect to crypto market. This pandemic makes people cant do all things like work. Maybe some investor will sell their asset on crypto and it might affect market. Dumping tokens, panic sell it will happen in my opinion.

[Crazyworld]

I think it can affect to crypto market. This pandemic makes people cant do all things like work. Maybe some investor will sell their asset on crypto and it might affect market. Dumping tokens, panic sell it will happen in my opinion.

I am waiting for panic sell to collect some more

[imoet]

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

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

Crytpto maybe will be chaos.  People will sell their assets because of the economy go down fast.  But,  we must not pessimist.  Because we should believe this pandemic will be vanish soon.  I can not imagine what will going to be happen if this pandemic stay growing up.

[Spaffin]

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

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

Crytpto maybe will be chaos.  People will sell their assets because of the economy go down fast.  But,  we must not pessimist.  Because we should believe this pandemic will be vanish soon.  I can not imagine what will going to be happen if this pandemic stay growing up.

Why do you immediately consider a very bad scenario?  The fact is that difficulties today arise primarily due to quarantine and isolation, because people are sitting at home and do not have real opportunities to replenish their home budget.  Based on this, I positively consider the impact of the situation with the coronavirus on the cryptocurrency market, since the current situation in which people are located can attract these people to invest in trading in the cryptocurrency and other activities in the cryptocurrency market.  As for panic, if we examine the effects of coronavirus on people's health more carefully, people don’t die from the coronavirus, but their diseases, the state of which has worsened, and the law of the virus.