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Author Topic: Crypto after COVID-19  (Read 1012 times)
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August 29, 2020, 06:47:33 AM
 #21

... 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

Crypto has been very resilient this past weeks of the pandemic, many people thought the end has come for crypto, that the pandemic will cause a great damage in the crypto market but that has not been the case, instead this strengthen the market even more, am glad after the painful experience of the pandemic things are gradually coming back into place.

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August 29, 2020, 06:47:51 AM
 #22

awareness about good investments in cryptocurrency really make the impact on the economy at the moment COVID-19 the price of bitcoin still better and not too there are effects that occur in the price of bitcoin if pandemic ended the possibility of the price of bitcoin will rise so fast and will make extraordinary price increases in this year if all countries begin to grow in sectors of their economies.


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August 29, 2020, 06:50:16 AM
 #23

Maybe everything will return back to the way it was before the deadly disease? Or maybe crypto prices will remain stagnant on the market?
I'm thinking the opposite actually. Bitcoin's price advanced impressively these couple of months despite of the peresence of pandemic. So what more if everything goes better? For sure investors will have more power to purchase coins since everyone got their jobs once again. I don't think it will suddenly crash, I'm expecting that more people appreciated it whether as a form of currency or store of money thus will continue using it. But if it will then that's fine, it was a nice opportunity to hoard more after all Cheesy.
Whatever happens after COVID-19, there's no denying that crypto is a resilient alternative financial system in times of need.
We're not yet sure about it. Yeah maybe this pandemic didn't affect crypto sphere badly because it is different from the centralized one, but remember, volatility was still there. That's enough risk to consider.
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August 29, 2020, 06:58:06 AM
 #24

I believe that cryptoqurrency will always be needed in any situation, including the Covid-19 epidemic before or after. Currently the digital industry is a breakthrough new alternative for those who want to earn income without having to leave the house and including new investors who are familiar with the crypto industry.


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August 29, 2020, 07:35:36 AM
 #25

Crypto strongly reacted to the crisis situation in this year, as well as gold, for example, Satoshi created bitcoin as a protective asset against crises, but at the moment this is not the case.

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August 29, 2020, 08:08:31 AM
 #26

We can see how crypto is being known by many people amidst pandemic. In fact, the hype about defi projects and other crypto opportunities are spreading in different social media platforms which is also a good way to spread awareness about cryptocurrency.
 
When it comes to alternative financial system, well we commence to utilize it. We've started to use it and the conveniency and fast transactions are being implicated thus making it to become the alternate payment method.
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August 29, 2020, 08:57:24 AM
 #27

Isn't Covid-19 still ongoing today?
I know cryptocurrency is growing very well right now the price is getting stronger holding above 11k isn't this quite a demand for supply that has happened in the market? People are already convinced of crypto, whether it's just taking advantage of the DeFi trend or not, what is clear in this pandemic is good enough in the future but in terms of use for payment instruments it is still polemic and not yet fully used there are still many credit cards in use today for transactions.

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August 29, 2020, 09:22:49 AM
 #28

Isn't Covid-19 still ongoing today?
I know cryptocurrency is growing very well right now the price is getting stronger holding above 11k isn't this quite a demand for supply that has happened in the market? People are already convinced of crypto, whether it's just taking advantage of the DeFi trend or not, what is clear in this pandemic is good enough in the future but in terms of use for payment instruments it is still polemic and not yet fully used there are still many credit cards in use today for transactions.

Yes, it is not yet fully used because most countries chose to remain neutral or maintain their denial for using bitcoin. Countries that prohibits the usage of bitcoin do not change their decisions even with this pandemic, most countries prefer to use credit cards, paypal, or any online tool for making transactions without adding bitcoin to the said options.

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August 29, 2020, 10:28:23 AM
 #29

Right now, crypto has been used by many people as a hedge to save their money since the economy of all the countries are slowly declining and the value of the money are slowly withering too.

With regards to DeFi, the hype has been there since the start of the pandemic and I know for sure that this hype will slowly decline too. Crypto after this will stay the same since crypto isn't affected that much too by what is happening right now to the economy of the world. Yes it went down very hard but it went up after a few weeks too and now it is x3 of the year-low price.

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August 29, 2020, 10:38:00 AM
 #30

I always try to be optimistic about it.

With the recovery of the economy, I want to see more support with cryptocurrencies.
They have seen it during this pandemic, why not continue?
Ignoring its existence has a low chance. I think this may become habitual and in the end, we could see an increase in the value of different popular cryptocurrencies.
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August 29, 2020, 11:47:03 AM
 #31

I bet that there will be a general agreement that Bitcoin is indeed resilient. Regardless of what is happening in the macro environment, it has survived. I think that in post-pandemic, many will stay in cryptocurrencies. They have seen its potential and they now will save a spot for this type of investment because they also believe that it will be resilient no matter what.

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August 29, 2020, 01:42:36 PM
 #32

~

If we look at this time maybe the pandemic condition has not recovered, but the value of crypto has started to increase. I think the world's investors are back to investing in crypto, and they are focused on online business. So that companies that adopt crypto as a means of payment will continue to push up the price of crypto. And it is clear that the price of Bitcoin is starting to rise slowly.

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palle11
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August 29, 2020, 02:20:15 PM
 #33

~

If we look at this time maybe the pandemic condition has not recovered, but the value of crypto has started to increase. I think the world's investors are back to investing in crypto, and they are focused on online business. So that companies that adopt crypto as a means of payment will continue to push up the price of crypto. And it is clear that the price of Bitcoin is starting to rise slowly.

This is the reason I think too that cryptocurrency is rising. More investors are coming in because online is becoming a good ground for investment. Business are going online and you can buy and sell almost anything through the internet. So I see it as a good reason for the increase.
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August 29, 2020, 02:38:33 PM
 #34

I think cryptocurrency will still be sideways at the current price even after Covid is over, because currently gold is experiencing a strong bullish and will happen until Covid is over.
because I don't think different assets can go up (To The Moon) simultaneously.
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August 29, 2020, 02:41:12 PM
 #35

If covid-19 ends then the crypto world continues as usual, and market movements persist if the profit can always be gained by new users during covid-19 because in addition to doing real work they can also spend time by adding income in the crypto world this will definitely be done if they can always get results.
This is just the beginning, we will see many investors enter the world of cryptocurrencies even more when Covid 19 ends,
even though Bitcoin volatility is very high, maybe that's what a special think for investors
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August 29, 2020, 03:09:08 PM
 #36

If covid-19 ends then the crypto world continues as usual, and market movements persist if the profit can always be gained by new users during covid-19 because in addition to doing real work they can also spend time by adding income in the crypto world this will definitely be done if they can always get results.
I agree. Some of people will continue what were doing in cryptocurrency and for some people they will add their investments since they will have job back then. In this time, a lot of people try to do cryptocurrency like trading and investing but some of them also ended being scam and have bad experience in it. They immediately trust people to give quickly gain their money over a small period of time. It will be good not only in cryptocurrency but the whole world if the pandemic ends.

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August 29, 2020, 03:18:03 PM
 #37

If covid-19 ends then the crypto world continues as usual, and market movements persist if the profit can always be gained by new users during covid-19 because in addition to doing real work they can also spend time by adding income in the crypto world this will definitely be done if they can always get results.
The crypto market will continue as usual, and there is no worry if the Covid-19 is going to end or not because people are now trying to adapt to the current situations.
But I don't think that we will see a normal situation out there after Covid-19 end because we already in the new normal situations, which can still be like this.
This virus makes people trauma, and they are trying to prevent and take care of their health in the public area.
If people know that crypto can give them a chance to make money, people will try to work with crypto in many ways, and they will not give up before making money.

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August 29, 2020, 03:42:51 PM
 #38

What I see and feel with covid 19, I can still enjoy the benefits of crypto. In fact, crypto continues to grow and develop. Society is starting to accept the presence of crypto as additional income. After the end of covid 19, crypto will continue to grow and grow.
covid 19 also issued cryptos that were listed on the market.
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August 29, 2020, 04:20:15 PM
 #39

What I see and feel with covid 19, I can still enjoy the benefits of crypto. In fact, crypto continues to grow and develop. Society is starting to accept the presence of crypto as additional income. After the end of covid 19, crypto will continue to grow and grow.
covid 19 also issued cryptos that were listed on the market.
of course with a pandemic like this it will make many people prefer to make transactions using digital currency such as using cryptocurrency which can also be a smart choice because with transactions in cryptocurrency everything is very fast and can provide a lot of profit.

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August 29, 2020, 05:12:20 PM
 #40

Although the COVID-19 deeply affected alot of element in our day to day way one living but the part of the COVID is that showcase to the world the potential of crypto and change the mind of people that thought crypto is a bubble. Besides, if people like Kiyosaki is captivated by Bitcoin then we should expect more influential people to join crypto investment.
When the world economy recover and the vaccine is develop, I expected crypto to vain more traffic than the previous years and we shoumd expect serious competition with hike in price of the market.



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