The crypto market is at risk because of Covid-19

[purpleseven]

The thing that makes fear when the economy has not recovered and will have an impact on the crypto market later. Hopefully the things you talk about don't happen and all will recover. I hope crypto can survive in the current conditions

[Noverteno]

Given the current situation, it can already be said with confidence that the coronavirus pandemic no longer poses a significant threat to the cryptocurrency market. Coronavirus greatly influenced the price of cryptocurrency at the initial stage of its spread, when people were in a panic and did not know how to deal with this evil. Now the situation has changed. The cryptocurrency market has fully recovered and is no longer responding to bad news regarding the fight against the spread of coronavirus. Moreover, many states already now claim to have successfully tested human coronavirus vaccines.

[Istiak]

I did not understand what did you say in the first line. But you are talking about the world economy and I think you are right in that opinion. The world economy is not in good shape. Many people lost their job. But I do not think the crypto world is under threat. What happened to world economy in that aspect we should see a bullish market. But that didn't happen. Crypto stay strong till now. So I do not think there's anything to worry about. But it's true in new project they are lack of investors.

[Master107]

Before covid-19 happens we all know the situation of crypto was already down trend. Several times predicted to bounce back and yet didn't happen until 2020 comes and then covid.
I think the pandemic is nothing to do with crypto bearish but triggered it's time to get back due to economic problem. This problem seriously affected small time and big time people all over the world including crypto lovers/community. There is a time to be healed. Everything will be alright.

[@chison]

It is two months now and market is looking promising. Covid tried getting on the market bit Defi projects are making market move.

[bigcash2011]

The market seems to be finding bullish path now as pandemic seem to be settling now in most parts of the world other than obviously USA. Lets assume pandemic will fade away in all countries in another like 2-3 months so expect the last quarter to be very bullish and i am talking about seriously big bulls.

[Coin63@]

Corona Pandemic is a curse of world's economic crisis, growth and developments. The world getting a miserable condition due to the corona Pandemic. Huge amounts of peoples are died by it. So not only global banking systems, agriculture, business development, and industrial development affect but also cryptocurrency economic growth also.

[tervel]

The blockchain system is so designed that there will always be a fixed number of coins to be mined and there is little chance that economic crises, like the one COVID19, is bringing on, will have any impact on the value of crypto assets.

[tinakoya]

Cryptocurrency is way more advanced to be affected by a new virus which will be part of us for a long time just like Influenza, HIV etc. Perhaps only the good and reputable project will survive in a long run which is not directly related to the pandemic. Most blockchain project do have team working remotely hence this will not have a huge negative impact of crypto world atall. My opinion

[ranaprime]

I am not agree with you. Because in this pandemic situation the price constantly growing. Already three or four months passed but the market is stable. On the other hand medical research organisation always briefing that cash & ATM transection are prohibited now due to pandemic situation. Now is the time for crypto currency for any kind of transection. So It is the high time for Crypto currency. In this regard I can say the market is not affected.

[Rafiq]

The world is going through a deep crisis today due to the epidemic caused by the COVID-19 virus. Millions of people are being affected, dying, many are losing their jobs and becoming unemployed. The whole world economy has collapsed. Even the developed countries of the world are struggling to meet the basic needs of their people. Despite all this, it has not had a significant impact on the cryptocurrency market. So I don’t think the crypto market is under threat. However, it is true that the lack of investors in new projects was still there even before this ongoing epidemic.

[Nestle]

More people are thinking about investing in these conditions. This has caused many stock markets to plummet and be very risky if they continue to invest. The crypto market is also experiencing the same thing if you see that trading volume has decreased very much from the previous year

[Bobcrypto]

Yes, it actually during the corona virus pandemic desease that many people had invested in crypto and so, there is no cause for alarm on the crypto ecosystem.
I think the pandemic has affected crypto positively because there has been great awareness during this lockdown, many people had learnt about crypto immensely and it obvious that it has increase the crypto popularity.

[Senin]

The market seems to be finding bullish path now as pandemic seem to be settling now in most parts of the world other than obviously USA. Lets assume pandemic will fade away in all countries in another like 2-3 months so expect the last quarter to be very bullish and i am talking about seriously big bulls.

However, the opposite situation, when the coronavirus will continue to spread and this will cause a global economic crisis, the cryptocurrency market should also grow in value because of this. People will invest in cryptocurrencies to avoid the inflation of conventional currencies. Therefore, for the cryptocurrency, a pretty good situation really develops. At the end of the year and next year, the cryptocurrency market expects good growth.

[tinakoya]

Which crypto project was shut down. Several projects are operating quite okay due to most development being done remotely even before Covid19. There is even a demand for the use case of cryptocurrency