How corona virus affect on the Crypto world?

[cahbagus555]

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.

With so many people working from home, they will try to trade online and earn money and cryptocurrency can be an alternative way to make money because the price movements are quite attractive. As long as I am able to analyze price movements in the market, I think everyone can make a profit

[Saichoukyushin]

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.

I think many of them will find alternative work and don't want to go outside because they are afraid that they will have a virus, well maybe they will learn how to do bounty, airdrop and trading the effect of it is many people will buy some crypto and learn on how the crypto will works.

[Galley]

Judging by the behavior in the bitcoin market, we can say that nothing catastrophic for the cryptocurrency market has happened. Perhaps we are now even on the verge of market growth, against the backdrop of all these global shocks. Community priorities are so unpredictable.

[BlacksmithCorporation]

Cryptocurrencies may be one of the best areas to effectively communicate in different time zones, maintain productivity and even manage remotely. While workers in other industries find it difficult to immediately adapt to new working conditions, most tech companies and all crypto startup projects are able to work. stay at home without any difficulty.
It is possible these special advantages will lead investors to quickly shift their interest from the traditional market to modern asset classes such as cryptocurrencies.

[meldrio1]

I thought that the market will continue to falling down because of corona virus but now seems the market not really affected, bitcoin is still increasing, unbelievable.

[Vishnu.Reang]

I thought that the market will continue to falling down because of corona virus but now seems the market not really affected, bitcoin is still increasing, unbelievable.

Don't get too excited about it. The market recovery was mostly caused by two factors. First of all, the stock markets have recovered a lot during the last couple of weeks. The impact is being felt at the cryptocurrency market as well. And secondly, the block reward halving is only a few days away, and traders have accumulated a lot of coins expecting a spike.

[K4C]

Coronavirus Impact on Bitcoin and its future. The COVID-19 pandemic has impacted financial markets all over the world, including that of crypto currencies. Corona virus has a negative impact on the industry, tourism, trade, stock markets, and of course, cryptocurrencies. In this article, we will consider how this epidemic has affected the blockchain industry and how it will affect the development of the cryptocurrency industry. i think has the corona virus outbreak affected Bitcoin Bitcoin will slowly change post this pandemic.

[aomakun]

Coronavirus Impact on Bitcoin and its future. The COVID-19 pandemic has impacted financial markets all over the world, including that of crypto currencies. Corona virus has a negative impact on the industry, tourism, trade, stock markets, and of course, cryptocurrencies. In this article, we will consider how this epidemic has affected the blockchain industry and how it will affect the development of the cryptocurrency industry. i think has the corona virus outbreak affected Bitcoin Bitcoin will slowly change post this pandemic.

every outbreak will always have an impact on life, especially the economy, although the price of bitcoin has increased but I am pretty sure that the price movement will be more leverage if there is no outbreak like now

[Bananington]

I thought that the market will continue to falling down because of corona virus but now seems the market not really affected, bitcoin is still increasing, unbelievable.

Bitcoin has proven beyond doubt that it's better to buy more than sell everything. However, I think what's keeping up the price is principally because of the halving, and also the Corona virus fear of uncertainty has declined, hence the crypto market is not in a downtrend. If more people lose their jobs, and the palliative from the government is not enough, those victimized will have no option than sell their crypto holdings if they are in possession of crypto and might still impact the market negatively.

[Marble777]

the emergence of corona virus outbreaks has certainly affected the situation of the crypto market on the one hand it might also have a positive impact on the adoption of crypto users. now the interest in adopting crypto is increasing because many people lose their jobs and there is only one way to survive in the home during quarantine, namely by doing online work. crypto users are now starting to grow and people out there are getting interested in the crypto industry.

[seleme]

It is evidently to see that corona has a huge impact on the world. l would say the virus outbreak has become one of the biggest threats to the global economy and financial markets. At the moment investors fear the spread of the coronavirus will destroy economic growth and that government action may not be enough to stop the decline. But l hope the world will solve this problem in the near future. In my estimation, the situation of the crypto world seems better than days ago. Coronavirus affected the crypto world during increasing of the pandemic. Nevertheless, we can see that everything is much better at the moment.

[Lagduf]

So much damage by this Covid 19 pandemic, it manages to plunder and destabilize the entire world in just last few months. The economy of every country falls down and also the global business and world financial system are affected by this pandemic. Also crypto market suddenly falls down of several coins and tokens in crypto market.

That forced people to search an alternative way and crypto was offering an alternative way to keep survive when the pandemic is still happening.
It may give a bad impact to the crypto market in the past but people already aware of the potential of crypto to growth in the pandemic.

[Darex]

Corona virus will make a negative impact on everything generally but at different rate. Coming to cryptocurrency, I think the negative impact might not be that huge considering the fact that it involves blockchain technology. You don't have to move anywhere to make transaction. I think to some extent, cryptocurrency might benefit in a way because it can help transaction during lockdown.