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Author Topic: Crypto after COVID-19  (Read 1012 times)
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August 28, 2020, 09:13:31 PM
 #1

Once COVID-19 took the world by storm, the world's economy has been on a constant decline. Crypto has largely benefited from this, as the market experienced new gains in such as short amount of time. There's now a stablecoin and "De-Fi" craze making many ERC-20 tokens, stablecoins, and even Ethereum extremely popular in the mainstream world. Their prices have increased at a fast pace, leading many wondering what will come up next after the demise of COVID-19. If the world's economy starts recovering at a slow and steady pace, crypto's gains might not last for long. Maybe everything will return back to the way it was before the deadly disease? Or maybe crypto prices will remain stagnant on the market?

Whatever happens after COVID-19, there's no denying that crypto is a resilient alternative financial system in times of need. In a first of its kind, crypto has remained "impervious" from negative events in the mainstream world. My guess is that crypto will continue to go higher in price even after the demise of COVID-19, as people's trust in the banking system will diminish. The premier cryptocurrency (Bitcoin) will be officially recognized as a true alternative of Gold, proving itself as a store of value in times of need.

Thoughts? Huh

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August 28, 2020, 09:19:23 PM
 #2

During the pandemic situation, awareness towards cryptocurrencies has remarkably been increased. Even though major industries are getting pushed back due to the slowdown of the economy because of lockdown, on the other side, we have seen good growth in the crypto market.
From my point of view, once everything is settled down, the crypto market will see more investments than now.

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August 28, 2020, 09:19:39 PM
 #3

Traditional investors now realize that they don't have to rely on stocks only, they need to keep add other assets as well on that cryptos also will get a slot with most of the investors.And definitely there will be the growth which is expected earlier itself buy covid just put a break onto the market cycle.Now everything starts to get back normal so eventually crypto market started to begin bullish.









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August 28, 2020, 09:21:53 PM
Merited by tk808 (1)
 #4

Maybe everything will return back to the way it was before the deadly disease? Or maybe crypto prices will remain stagnant on the market?


Pay attention to the years when there was no coronavirus. Cryptocurrencies constantly went through the stages of explosive growth and then a strong fall. Then followed a period of relative calm and growth again. Each time there were various new directions for investment, which pulled up the prices of other cryptocurrencies.
Therefore, I would not worry about what will happen tomorrow or in a year - you need to use the present moment to earn money and correctly invest the earned money in several different areas for investment or storage, and not only in the crypto market.
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August 28, 2020, 09:58:21 PM
 #5

I am with the same thought about crypto after COVID, it will continue to increase and as people recovering from this crisis. They'll start to look for an avenue of investment.

Bitcoin or the whole cryptocurrencies can be their choice for it.

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August 28, 2020, 10:09:24 PM
 #6

If crypto really followed the stock market in the Spring crash and it was all covid-related then it's going to continue going up.

Cryptocurrenceis went against all odds and recovered pretty good especially when compared to the prices we had last year when there was no pandemic and no stock market crash and we still were lower than we are today.
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August 28, 2020, 10:13:35 PM
 #7

global economy down because of covid-19
but, as we can see now crypto market growing my friend
and thats why i believe if this pandemic gone, cryptocurrency will grow higher buddy


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August 28, 2020, 10:37:39 PM
 #8

I think a lot will change after the US elections this year, the crisis has not been canceled, it was simply postponed, and the next year will be much more difficult.

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August 28, 2020, 11:03:37 PM
 #9

I am hoping that nft projects would kick off next after de-fi. This whole covid era has been weird experience, while my buddies have lost their jobs and i am doing better then ever with my crypto investments. It feels backwards, like i am rewarded for doing nothing. Well i am taking risks but it feels like this kind of luck isn't going to last forever.

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August 28, 2020, 11:22:00 PM
 #10

I am hoping that nft projects would kick off next after de-fi. This whole covid era has been weird experience, while my buddies have lost their jobs and i am doing better then ever with my crypto investments. It feels backwards, like i am rewarded for doing nothing. Well i am taking risks but it feels like this kind of luck isn't going to last forever.

so you should also be prepared for what may come in the next coming months. since your luck is in your side, you can diversify your portfolio, don't be confined with cryptocurrencies only, why not try exploring real estate or precious metals like gold? tangible assets will really be of great help if you want peace of mind that your assets will not disappear anytime. because with crypto, you have no control with the market and anything can happen while you are sleeping. but with tangible properties, even if you are sleeping, you know those assets will be there as long as you have the docs in place.

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August 28, 2020, 11:28:34 PM
 #11

I am with the same thought about crypto after COVID, it will continue to increase and as people recovering from this crisis. They'll start to look for an avenue of investment.

Bitcoin or the whole cryptocurrencies can be their choice for it.
Covid-19 is just bleeding cryptocurrency, now recovering for Bitcoin halving, Ethereum 2 and DeFi projects. Bitcoin should have a price more than now because before 2017 the price had recovered more. Before the extreme pump of cryptocurrency, Bitcoin price correction will make the strong points. Next could be the same as 2017 year.
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August 28, 2020, 11:33:21 PM
 #12

Once COVID-19 took the world by storm, the world's economy has been on a constant decline. Crypto has largely benefited from this, as the market experienced new gains in such as short amount of time. There's now a stablecoin and "De-Fi" craze making many ERC-20 tokens, stablecoins, and even Ethereum extremely popular in the mainstream world. Their prices have increased at a fast pace, leading many wondering what will come up next after the demise of COVID-19. If the world's economy starts recovering at a slow and steady pace, crypto's gains might not last for long. Maybe everything will return back to the way it was before the deadly disease? Or maybe crypto prices will remain stagnant on the market?

Whatever happens after COVID-19, there's no denying that crypto is a resilient alternative financial system in times of need. In a first of its kind, crypto has remained "impervious" from negative events in the mainstream world. My guess is that crypto will continue to go higher in price even after the demise of COVID-19, as people's trust in the banking system will diminish. The premier cryptocurrency (Bitcoin) will be officially recognized as a true alternative of Gold, proving itself as a store of value in times of need.

Thoughts? Huh
maybe with the current covid effect it provides many benefits to crypto and many people are starting to think that crypto is a positive thing. but it is not certain that when Covid 19 is finished, crypto is not certain that it will go up or down, that's just a prediction and we might only be able to see it in the future

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August 28, 2020, 11:41:53 PM
 #13

Thoughts? Huh

My thoughts on this that people would never ever lost is confidence or trust in the banking system that we have known. Crypto might really give out some revolutionary effects but this one will really be just
staying as an alternative.As long government do exist on this world it cant really able to become the mainstream.Being optimistic isnt bad but hoping that much on a thing that is nearly impossible to happen
can really frustrate you that hard and also i dont really correlate Bitcoin or crypto economy compared to traditional stocks/bonds/assets that we have known.We didnt even know the exact reason
on why crypto market had risen or increase in spite of the verge of pandemic situation.

R


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August 29, 2020, 03:24:17 AM
 #14

Well if the world starting to go where it was before this global pandemic it will affect on crypto for sure.As we saw in last March Price of all cryptocurrency was dumped heavily we could see that opposite scenario at the time of world recovering. Let's see what actually happen & after how long😶               
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August 29, 2020, 04:25:43 AM
 #15


Whatever happens after COVID-19, there's no denying that crypto is a resilient alternative financial system in times of need. In a first of its kind, crypto has remained "impervious" from negative events in the mainstream world. My guess is that crypto will continue to go higher in price even after the demise of COVID-19, as people's trust in the banking system will diminish. The premier cryptocurrency (Bitcoin) will be officially recognized as a true alternative of Gold, proving itself as a store of value in times of need.

Thoughts? Huh

Though we all know the fact that the pandemic cause a great increase to the popularity, volume, and overall market of the cryptocurrencies, it would also boast a great danger onto it. Many had been using the crypto as a front of their scam activities, and with that being said, there are no impossibilities that some countries might regulate nor illegalize the use of cryptos. Therefore, as usual, crypto in general would have a little increase for months, but then after everything would be back in normal, then theres also a possibility that the crypto market would be back same before the pandemic hits the world.

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August 29, 2020, 04:30:02 AM
 #16

I think if covid has passed, for example next year, crypto especially bitcoin will still be a good store of value and even though all economies are back to normal, all crypto will run as usual without having to worry about collapsing, we are still in a bullish market until the year front

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August 29, 2020, 05:05:16 AM
 #17

I think in some ways covid-19 is a blessing in disguise knowing that even many or most of the countries are now struggling economically, crypto still manage to maintain its composure and I think those DeFi craze and hype give a little breather for the crypto world to still stay in good terms and position market-wise and crypto-economically.
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August 29, 2020, 05:43:15 AM
 #18

For me even we have this situation, this covid-19 pandemic I can safely say that there is a good thing happen which the crypto world has shown to us and that is being resilience amidst of this pandemic and it still manage to stay compose and this just give us positive outlook that we just really need to trust and have faith so that we will all be prosper.

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August 29, 2020, 06:15:49 AM
 #19

COVID-19 only affected cryptocurrency projects that tried to implement blockchain into the real sector of the economy. All the actions that took place in March 2020 influenced the cryptocurrency market only because the market is still correlated with the stock market.






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August 29, 2020, 06:26:34 AM
 #20

I think in some ways covid-19 is a blessing in disguise knowing that even many or most of the countries are now struggling economically, crypto still manage to maintain its composure
being calm despite everything ? but where is the blessing with that ? price did fall but we are lucky that it recovers a little . the real blessing they say is when people got terminated on thier work and those people live together again with thier family  .

I think those DeFi craze and hype give a little breather for the crypto world to still stay in good terms and position market-wise and crypto-economically.
this is also a blessing in disguise because despite how people blame defi and the hype , both still influence or help people to get in touched with cryptos .
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