COVID-19 is helping to expand the crypto world

[azmirihaque]

COVID-19 has locked down the office, market, business even our life. People are passing idle time at home. Many people are now trying to engage in online job and online business. Many of them are being eager to invest in cryptocurrency like me. I was not so much interested about crypto world and would be always busy with my work. When I was lying at home day after day, I started to know about online investment. At a time I realized, cryptocurrency is the best for me to invest and now I am an investor on such platform. So, I think, Corona Virus is encouraging people to invest in cryptocurrency and thereby helping to expand the crypto world.

What's you thought about it?  

[drumamat]

It seems to me that you are deeply mistaken, because those who already didn’t have enough money  are unlikely to think about investments. Although if you look at the other side of the coin, the cryptocurrency market capitalization is still increasing. Now I think there are more people who are interested in cryptocurrency but this category is not investors.

[Teawhalee]

It's not encouraging people to invest because what people are mostly thinking of now is how to survive , get out of lockdown and go back to former life. Investing is about having excess that you are not ready to use now. How many people have that kind of money now ? Very very few.

[judaspriest]

we all hope Covid19 is over, and the world is recovering, indeed the impact on the cryptocurrency I think is more on the positive side, but we all need to focus on praying, many people die because of this

[silversurfer1958]

I think that the COVID-19 pandemic caused the global economy to seriously decline. And many governments are forced to print a lot of money to rescue companies from bankruptcy and to subsidize people who are unemployed by the disease. Thus, more and more cash in the market. And many will want to invest in new markets to seek profits. Therefore, although the COVID-19 epidemic is still complicated, the value of BTC and other altcoins has increased significantly in recent days.

[BlinkInDie]

I started to know about online investment. At a time I realized, cryptocurrency is the best for me to invest and now I am an investor on blockchain platform. So, I think, Corona Virus is encouraging people to invest in cryptocurrency and thereby helping to expand the crypto world.

More of my buddies who were working a full-time 9-5 jobs in the corporate world has also taken a look at crypto as investments as well. With the recent jump to $9.9k, the FOMO factor is so huge, that most of the people are already getting in.

It's also great to see companies utilizing crypto during this pandemic. There's a new app that lets COVID-19 hit businesses take crypto payments for Zoom calls. Even major digital companies now are using crypto as a way to accept money and entirely go cashless.

[asriloni]

we all hope Covid19 is over, and the world is recovering, indeed the impact on the cryptocurrency I think is more on the positive side, but we all need to focus on praying, many people die because of this

That's true and we can expect the growth will much bigger than this time caused by when the pandemic will never happen and our growth point would be started from 10k and it's not 4k as the starting point for crypto.

[cosmofly]

 This is not really. In fact, people are putting more money into the stock market. The powerful pump has been pushed up by the sharks and right now, it has dumped over 12% in 2 hours. all are whale manipulation strategies, new entrants to the crypto market are quite low now because of the economic downturn. Now we only expect the disease to be under control, so investors in the US and China can pour a lot of money into the crypto market.

[robelneo]

COVID-19 has locked down the office, market, business even our life. People are passing idle time at home. Many people are now trying to engage in online job and online business. Many of them are being eager to invest in blockchain based investment platform like me. I was not so much interested about crypto world and would be always busy with my work. When I was lying at home day after day, I started to know about online investment. At a time I realized, cryptocurrency is the best for me to invest and now I am an investor on blockchain platform. So, I think, Corona Virus is encouraging people to invest in cryptocurrency and thereby helping to expand the crypto world.

What's you thought about it?  

Average joes are not looking to invest right now they are looking more on how to secure their job and business and most of all how to keep safe in this pandemic if some guy liquidates his funds in other investment scheme or project, then Cryptocurrency is a good option to transfer his assets from other investment schemes he has because the Crypto market is one of the markets that quickly stabilize in the pandemic.

[Jawhead999]

More of my buddies who were working a full-time 9-5 jobs in the corporate world has also taken a look at crypto as investments as well. With the recent jump to $9.9k, the FOMO factor is so huge, that most of the people are already getting in.

It's the most mistaken for many newcomer who interested to invest on bitcoin only about the FOMO factor. You can't only trust from journalism, close friends (who didn't understand about bitcoin), or any blogs. Most of them only speculation and not give the right analysis about the price. They only speculate if bitcoin price will skyrocket as 1st and 2nd halving, but it seems different on 3rd halving. Today is not yet halving, but we have see major dump from $9,387 to $8,570 around 15 minutes. Usually major dump only after halving.

For OP, It hard to say if this pandemic will encouraging people to invest in cryptocurrency, because many people now is thinking how they will survive during this pandemic. Majority who still invest in cryptocurrency only a whales.

[$anounimus$]

One important thing related to the Covid disaster 19 is that we have more time  with our family and be able to rest. This is a positive point in my opinion.

This moment, for daily activities it may be temporarily limited because situation not condusif for health.  this maybe tobe reason for seeking additional income is very reasonable. yes, one of them is like you started investing in the world of crypto, this is regardless of the circumstances of the market situation, halving moments of BTC and others. At least people have become more interested, familiar with the Blockchain-based Crypto transaction and investment process that is safe for now during the Covid pandemic -19, people often say "Work from Hause"

[Nalbo]

There has been a lot of discussion about why we need to leave cash once for and all. A digitalized currency preferably based on a blockchain has been on sight for governments around the world. Though not a exact good news for anonymity and decentralization but still a development to blockchain technology.

[Little Mouse]

I doubt you know a lot of things about crypto investment. You are saying it as blockchain investment which proves that you are just another bounty hunter here without any proper knowledge on crypto. However, in theory, in such an epidemic, people are having worst time to maintain their bread and it is not possible to invest in crypto for majority of the person now.

[coinsycrip09]

in my opinion it has no effect, we know "covid -19" has caused an economic downturn. so there is no way anyone would think of investing in a bad economic situation. now everyone wants cash not investing.

maybe there are some people who invest in cryptocurrency, and one of you. but it is not completely petrified to expand crypto. i hope covid-19 ends and all returns to normal.

[fortunecrypto]

Awareness yes but investing right now, they can if they have business and they can keep up with the pandemic, experts are now recommending cashless now and in the future and it's a good promotion for Cryptocurrency, because it is both an investment a cashless options pandemic is causing awareness of this options.

[joshua123]

There has been a lot of discussion about why we need to leave cash once for and all. A digitalized currency preferably based on a blockchain has been on sight for governments around the world. Though not a exact good news for anonymity and decentralization but still a development to blockchain technology.

There is pros and cons to blockchain, yes it is transparent but of course we cant always favor things that against the government. This crisis show us that blockchain can really help a lot of sector especially locked down has been implemented all over the world. Banking still need appearance for able to you to deposit and withdraw, also a need of atm machine, but crypto you can totally use it online. So really this is a big help. Covid19 make us realize that and most countries too. Thats why market is not that affected compared to stocks cause they see potential on cryptocurrency.

[dragon695]

It seems to me that you are deeply mistaken, because those who already didn’t have enough money  are unlikely to think about investments. Although if you look at the other side of the coin, the cryptocurrency market capitalization is still increasing. Now I think there are more people who are interested in cryptocurrency but this category is not investors.

his words are also somewhat true. because you also know that only Defi can bring huge profits and fast in a short time. Those who lose a lot of their business will see how good speculation on bitcoin is. Besides, the halving event is also coming and we can expect bitcoin to grow in price around $ 14k or $ 16k in the future. That is also the reason why the marketcap of the market has risen sharply in recent days. Looking ahead, we'll see more people continue to fomo and continue buying bitcoin.

[Malam90]

For the first time from 4 years ago, i was searching online job, online investment and i came to know about cryptocurrency and from then i am still with crypto trade. Now COVID-19 has changed the scenario of the people' work place and they are now locked at home. Many people are now searching job or investment staying at home, and coming toward crypto world. So COVID-19 is expanding crypto world and i agree with it.

[Tipstar]

Every of economics seems falling with increased number of unemployment and we are still not sure how soon we could contain it. US and Europe is not as agile as China when it comes to enforcing rules. Crypto seems to be the only investment unaffected by this pandemic. It's no doubt people want to secure their funds.

[ahyadinnn]

in my opinion it has no effect, we know "covid -19" has caused an economic downturn. so there is no way anyone would think of investing in a bad economic situation. now everyone wants cash not investing.

maybe there are some people who invest in cryptocurrency, and one of you. but it is not completely petrified to expand crypto. i hope covid-19 ends and all returns to normal.

That's right, I think only a few people are securing their money on digital assets, the average person needs money because they don't work temporarily to meet their daily needs, I just keep a few altcoins and sell them to face this pandemic