Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Paglamon on April 19, 2020, 06:55:53 AM
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In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.
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You give arguments without any proof. Miners started moving from China (https://money.cnn.com/2018/02/09/technology/bitcoin-mining-china-canada/index.html) to Canada since a long time ago. In addition, there's no evidence proves that mining rigs are virus' hosts. To sum up, I only agree with you that cryptocurrencies are having tough days amid Covid-19 pandemic but I'm positive about crypto's future.
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In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.
In these conditions we must remain optimistic and continue to think positively. And don't add to your worries by providing information and news without real evidence.
Coronavirus is not only destroying the global economy, even all will also affect the price movement of cryptocurrency.
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Even if the equipment for mining bitcoins began to leave China from other countries, I do not see anything wrong with that. The Chinese government is not very friendly with bitcoin and other cryptocurrencies and it’s quite dangerous to concentrate a significant part of mining equipment there. It would be much better if Bitcoin mining was not concentrated in one country, especially where the government is opposed to it. So let everything go on its own.
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The Corona is only on the beginning, we will see this economic impact affect all the world soon, all this situation is not good for cryptocurrency, time to stay alert and be prepared for a possible dump.
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I hope for corona bitcoin price will cross 10k.
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How do people think about investing and doing activities like mining during the 19th outbreak? People need instant money to survive and the fastest way to sell crypto assets and buy things needed during the lock down period
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we think about investment in this period because we have enough time to learn and apply what we learnt and then watch our money grow. anybody that failed to capture something during this lock down time might eventually not get anything. it is an opportunity to learn and increase your knowledge.
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Miners in China will not come up to zero.
Despite some are moving to other countries still there are miners remain. China is good in doing business and confusing the people with their strategies. One thing for sure what they are doing is for the win.
In addition, cryptocurrency still operational even less miners from China.
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What about market manipulation by exploiting virus outbreaks to find large profits. Not only crypto but also the stock market is influential at this time. Investing in the current situation is very risky and bad
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In addition, I think that corona virus pandemic spread around the world will not affect the crypto market like the 2018 experience. However, to the level of crypto ecosystem now, crypto will always bounce back no matter the decease spread.
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"the mining rigs could act as a host for the virus" - I don't think this is really a problem for the current Mining market. Most people are having economic problems, so they tend to hoard and save rather than invest in areas like cryptocurencies. This is a difficult period for most industries, and cryptos are no exception. There is a positive side: people pay more attention to new forms of payment, make new money, and cryptocurrencies are the perfect solution for them.
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I think that corona virus pandemic spread around the world will not affect the crypto market like the 2018 experience.
It really gave impacts to crypto market, just looked the current trend in crypto market. After we experienced Corona pandemic, crypto market is in red, almost all crypto coins are going to decrease more day after day. This still continues till now, so it means pandemic has an effect.
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The time will come when the corona virus will recede and everything will return to what it was before the corona virus, but this certainly needs time, so for now we can only wait and hope that the corona virus will soon recede forever.
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Not sure if China is leaving bitcoin mining, China is a reliable country in the economy, there are many ways to revive the economy, they are fast
the corona virus pandemic that spreads throughout the world will not affect the crypto market, in China and other countries
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The pandemic has done the world a lot of bad, and it isn't impressive at all, oil dropped to 0$ and brent got so lowered as well.
Stock enter bearish mode, and the economies of sevrral crumbled.
But as bitcoin is recovering slowly, the world economies will also recover and heal, but the world never forgets.
Alot of investors rekted may never recover.
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While volatility has gripped markets of all stripes during the coronavirus crisis, bitcoin’s price moves have soared.Bitcoin and cryptocurrencies have appealed to investors as they can offer a potentially higher risk-reward scenario.
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We'll see how Crypto survives under COVID 19. Will it drop or be more stable and increase when this outbreak ends. I believe crypto can get through this problem
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Yes i think if we compare the prices then the crypto market is almost at the same level when the corona panic started and i have no doubt that crypto market will be way ahead when we will come out of this epidemic.
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I think we should always do a thorough research before you begin spreading what you are not sure of. The migrations of the miners from China begun long time ago before the break out of the corona virus. It is very true that the virus has brought a lot of fear that has negatively affected the economy globally.
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This is the time for people to settle down and learn new things. Most of the tings that needs to be learn is the modern new money which is cryptocurrency. there are so many things to learn from trading , Mining , wallets decentralized and centralized exchanges, blockchains etc. there are so many thing to learn.
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We'll see how Crypto survives under COVID 19. Will it drop or be more stable and increase when this outbreak ends. I believe crypto can get through this problem
Perhaps COVID-19 is a test for the whole economy in general or the crypto market in particular. It is easy to see that BTC & ETH have stood firm. Hopefully the epidemic will soon let us see the growth of all Altcoins.
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There is always advantages and disadvantages.
Of course if you put yourself to miners shoes you will definitely choose the advantages because you know you will win at the end despite of your sacrifices.
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so far with the presence of covid the impact of crypto is increasingly felt, maybe this is just my assumption. the problem is that many make crypto work from home. because the impact of covid made them lose their jobs. finally switched to crypto.
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I hope for corona bitcoin price will cross 10k.
;D ;D this is very very amazing idea. I also think market will hit 10k$ at this present situation. It may be fiat money crysis of men so that people trying to earn alternative way so that people may reached to cryptomaket for their income.
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so far with the presence of covid the impact of crypto is increasingly felt, maybe this is just my assumption.
No, it is not your assumption but it is the fact. Crypto market is affected by the current situation made by Covid-19. We are in difficult situation, so it makes sense if crypto market dropped. But don't worry, just look at the current market trend today, it is growing.
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I hope for corona bitcoin price will cross 10k.
;D ;D this is very very amazing idea. I also think market will hit 10k$ at this present situation. It may be fiat money crysis of men so that people trying to earn alternative way so that people may reached to cryptomaket for their income.
Actually, to be honest with you it is not too hard for bitcoin to go 10,000 or beyond as what you can read on its history. Btc is always able to survive and could possibly increase at the time when people expected or in unexpected time.
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That's right. Storj has given contribution in their own way by providing Free Storage. This kind of contribution may optimize a chance to get rid of the Corona pandemic faster. Those organizations researching Covid-19 must be fully supported as we really hope they find an effective solution for this pandemic. Well, Free Storage can be very useful for them, it will support their research needs & activities.
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The COVID-19 outbreak has wreaked havoc across the global economy. With stocks swooning and job losses mounting, it’s a difficult time for traders and investors in any asset class. The crypto market hasn’t been immune to these dynamics as cryptocurrency prices fall and crypto projects struggle to raise capital.
Despite these negative trends, there’s an opportunity for crypto traders and investors to harvest their losses and lower their long-term cost basis in today’s environment. The combination of potentially higher demand in developing countries and the staggering amount of new U.S. debt could accelerate adoption.
Try ZenLedger today to get your taxes in order!
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I think if the price of cryptocurrency recovers, miners will return to their activities and re-create mining tools. If the calculation of the costs with the results obtained during mining crypto adverse things with a lot of costs
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There is no business untouched by the coronavirus disaster, it is affecting everyone. The crypto world is also not untouched by this, but we can hope that it will not have much effect on crypto in future and it will get positive results.
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What about market manipulation by exploiting virus outbreaks to find large profits. Not only cryptocurrency but also the stock market is influential at this time. Investing in the current situation is very risky and bad
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There is no business untouched by the coronavirus disaster, it is affecting everyone. The crypto world is also not untouched by this, but we can hope that it will not have much effect on crypto in future and it will get positive results.
I think that coronovirus has positively affected the cryptocurrency market, now when people are sitting at home, they understand that it is very convenient to pay with cryptocurrency without leaving home
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Coronavirus has already shown that it can strike a blow to any economy. People who are the engine of any economy have fallen victim to the coronavirus, which forces the state to shut down factories, markets, factories and other industries. Also, the coronavirus struck a crushing blow to the oil whose price dropped to minus values. Oil became unnecessary during the pandemic because it was nowhere to be used. Cryptocurrencies have also suffered, but more so because the US stock markets started to fall and this drop was reflected in crypto currencies
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What problems, there will be a new country where it will turn out to be a very cheap cost of electricity and miners will transport their production there or there will be their own multimillionaires in place)))
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this is a means of informing the world that we can stand any challenge that comes our way. pandemic , crisis and disease. the world is always ready to stand any natural disearster that affects it. the covid -19 virus was unexpected and many has lost their lives to it including cryptocurrency fans. together we can beat this.
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Coronavirus that hit the world has indeed destroyed the global economy, but this does not mean it will destroy Cryptocurrency. At the beginning of this outbreak, the price of Bitcoin and other Cryptocurrency went down, but see after that what happened. Bitcoin prices actually went up very high, and that was also followed by another Altcoin-altcoin increase.
This means that Cryptocurrency was not affected at all by this Covid-19 outbreak.
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Coronavirus will really change our world, and in many ways also for the better. First of all, we saw that the environment is relatively easy to restore, just polluting it less, using less internal combustion engines, gasoline and oil. The appearance of coronavirus almost coincided with the end of the era of the massive use of oil. Some European countries have already planned a phased and complete abandonment of the use of oil and the transition to the use of alternative sources of energy production. I hope that other states will follow suit.
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Again and again, so many discussion about corona and crypto. In fact, corona influences crypto world. People sell crypto for cash life. Crypto down. But it will still survive after this outbreak
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The Corona virus really frighten everyone and this is a huge disaster in 2020.
All countries experienced a decline in economic numbers, all panicked, all scared and a lot of robberies .
If cryptocurrency can create digital money then surely transactions with everyone can be comfortable.
Because we all know that conventional money (paper money and coins) can be a trigger for the spread of the Corona Virus.
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The Corona is only on the beginning, we will see this economic impact affect all the world soon, all this situation is not good for cryptocurrency, time to stay alert and be prepared for a possible dump.
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The Corona is only on the beginning, we will see this economic impact affect all the world soon, all this situation is not good for cryptocurrency,
It is still happening, not only at the beginning, Corona continues to bring negative impacts to the world economy. I am worried if we will face the World recession but it seems not to happen. The current market situation isn't influenced again with the Covid-19 plague.
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Speculative bet or inflation hedge? Bitcoin in the coronavirus crisis
LONDON (Reuters) - Bitcoin has fared better than stocks but worse than gold and U.S. Treasuries during the coronavirus pandemic, with investors ascribing its performance to speculative bets and bids to hedge against inflation linked to stimulus measures.
Enthusiasts have laid out numerous narratives for bitcoin as an investment proposition through its first 12 years - from a rebel technology set to upend the financial system to a groundbreaking payments network; from an uncorrelated asset to a hedge against inflation-inducing government policies.
Here are some charts that illustrate bitcoin’s price performance during the coronavirus pandemic - and offer some clues as to what is driving investor behaviour.
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Again and again, so many discussion about corona and crypto. In fact, corona influences crypto world. People sell crypto for cash life. Crypto down. But it will still survive after this outbreak
Probably, in the third year of the existence of the coronavirus pandemic in the world, we can already say that, in general, this pandemic and the associated severe restrictions for people had a positive impact on the further spread of cryptocurrency. In the process of self-isolation, people became more interested in cryptocurrency, and due to the fact that many have lost their jobs, they also become more interested in the possibility of earning money in cryptocurrency.
Governments also appreciated the benefits of blockchain technology and began to massively consider the possibility of introducing their national digital currencies, and this, in turn, further increased people's interest in cryptocurrency.
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The Corona is only on the beginning, we will see this economic impact affect all the world soon, all this situation is not good for cryptocurrency, time to stay alert and be prepared for a possible dump.
Keep calm mate, I think Corona virus have almost all of economic impact.
But, we must have good way to get Extra money.
Trading, join bounty campaign ,those good way to earn profit.
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the impact caused by the corona is certainly very visible in the economy, of course a positive impact in cryptocurrensy because many people have lost their livelihoods and become interested in making money in cryptocurrensy
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the positive impact of corona has made many people turn to cryptocurrencies. Another positive impact is that the air is clean because air pollution has decreased and many others
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the impact caused by the corona is certainly very visible in the economy, of course a positive impact in cryptocurrensy because many people have lost their livelihoods and become interested in making money in cryptocurrensy
Sure, Corona has bad effect to economic and many people suffered cause of this pandemic.
For crypto, I think m ay people already joined invest in crypto and take Extra money from their investment.
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There is an ongoing coronavirus pandemic that is characterized by severe intoxication, respiratory and digestive problems, as well as a serious infection of the respiratory and digestive systems.
Despite the fact that the virus first appeared in late December in the Hubei province in the city of Wuhan, the virus now represents an invisible threat that crosses cultural, political, and geographical boundaries.
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the impact caused by the corona is certainly very visible in the economy, of course a positive impact in cryptocurrensy because many people have lost their livelihoods and become interested in making money in cryptocurrensy
Sure, Corona has bad effect to economic and many people suffered cause of this pandemic.
For crypto, I think m ay people already joined invest in crypto and take Extra money from their investment.
I see the economic is recovering again now.
Several countries already open their activities again after pandemic.
But crypto market is going down and struggling again now. Hopefully crypto market will pump again.
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The global crypto market is down 7.4 percent over the last day, after the dramatic plunge over Friday morning. The situation is complicated by Covid-19 related measures such as quantitative easing, which inflates the money supply, boosting both stocks and Bitcoin. At the same time, stock markets are seeing increasing intervention in the form of artificial competition from
central banks buying worthless shares. This has led to suspicions from commentators who suggest that the bull run of the past several months is long due for a correction.
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The global crypto market is down 7.4 percent over the last day, after the dramatic plunge over Friday morning. The situation is complicated by Covid-19 related measures such as quantitative easing, which inflates the money supply, boosting both stocks and Bitcoin. At the same time, stock markets are seeing increasing intervention in the form of artificial competition from
central banks buying worthless shares. This has led to suspicions from commentators who suggest that the bull run of the past several months is long due for a correction.
During pandemic, I think economic dropped and several people lost their job.
But At the beginning this year, all items are recovering slowly again.
I think everything will be okay at this year, several countries open their activities again.
Crypto has shown good progress during pandemic, So I think Corona virus didn't effect more during pandemic.
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You got a lot of points there wrong, buddy. Chinese government dont mine crypto. It is done by the citizens, and it is illegal. Plus viruses can be hosted anywhere but mining hardware is rare. Its the other way round
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You got a lot of points there wrong, buddy. Chinese government dont mine crypto. It is done by the citizens, and it is illegal. Plus viruses can be hosted anywhere but mining hardware is rare. Its the other way round
Yeah, you're right, the citizens do mining, not the government.
But the government ban mining because has bad effect for environmental.
Talking about Corona virus, I see the market during pandemic was still strong and crypto market is green.
So no matter about pandemic.
Many people also started invest in crypto to gain income during pandemic. It's a good thing.
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Everything in the world seems to be profitable for cryptocurrencies, the global crisis has actually made cryptocurrencies even more needed, such as for online transactions to avoid the corona virus.
I believe the government should take that into account, because of the many benefits of cryptocurrencies, or if they object to rapidly changing prices, it is better to stabilize the coin on a global scale.
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During the time when corona virus was just starting way back 2020, the impact was actually very in favor the cryptocurrency business. Why? it is because a lot of the community became jobless, where they're only choice is to find earnings through online and the cryptocurrency was one of the good choice for this matter and the majority of the people have became curious about it.
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Coronavirus did not affect the cryptocurrency market in any way, on the contrary, the cryptocurrency market has been constantly growing and is still growing, because more and more people are investing in cryptocurrencies for various reasons, and in general the whole world has already realized that the coronavirus is not an epidemic and therefore everything long time ago already began to return to its places.
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Coronavirus did not affect the cryptocurrency market in any way, on the contrary, the cryptocurrency market has been constantly growing and is still growing, because more and more people are investing in cryptocurrencies for various reasons, and in general the whole world has already realized that the coronavirus is not an epidemic and therefore everything long time ago already began to return to its places.
Yeah, It's because of crypto currency is so popular and gain popularity day by day.
Corona virus didn't have big effect to crypto.
People already do activity again.
Lately member talking about Russian and Ukraine war, But I think it also won't big effect to crypto currency market.
That's my opinion based on the progress of bitcoin and altcoin on the market now.
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I have seen crypto save many people to gain extra income during pandemic COVID 19.
It's good effect, because I see as long as pandemic crypto still have high demand.
I think crypto will give us, of course As investors and trader good income If we focus on it.
Crypto is so popular now, Corona virus didn't have effect to crypto market.
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I have seen crypto save many people to gain extra income during pandemic COVID 19.
It's good effect, because I see as long as pandemic crypto still have high demand.
I think crypto will give us, of course As investors and trader good income If we focus on it.
Crypto is so popular now, Corona virus didn't have effect to crypto market.
yeah I saw. Crypto demand is high as long as pandemic.
Many people invested in crypto and do daily trading.
Because several countries has been locked down.
For now I also believe bitcoin and altcoin will be more popular and being used by many people to gain extra income.
It's really good for crypto market.
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agree with the opinions that said Corona virus have little effect to crypto currency market.
I think that's true, because as long as pandemic, crypto market is still strong and show good performance.
Crypto is so popular nowz many people starting to invest in crypto and want to get extra income.
It's the reason, crypto will always recover again.
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Even if the equipment for mining bitcoins began to leave China from other countries, I do not see anything wrong with that. The Chinese government is not very friendly with bitcoin and other cryptocurrencies and it’s quite dangerous to concentrate a significant part of mining equipment there. It would be much better if Bitcoin mining was not concentrated in one country, especially where the government is opposed to it. So let everything go on its own.
Don't worry mate, I think China government will allow bitcoin and crypto currency.
Bitcoin mining has been blocked in China because The government said It has polution effect.
Maybe If the minner has good idea, to use solar energy, China will allow.
Back to OP, I think Corona virus didn't have bad effect for crypto world.
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According to a new global survey, executives see positive signs for the economy. Despite this, the pandemic remains an outsized risk to growth.
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The whole world has already forgotten what Coronavirus is, now people are already worried about other problems, and in general, over all these years of the existence of Coronavirus, the cryptocurrency market, on the contrary, has only grown and reached new heights and also many people lost their jobs during Coronavirus and they was investing their money in cryptocurrencies.
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This pandemic must end soon!
The pandemic is hated by all people around the world.
The pandemic has also had a very negative impact on the world of cryptocurrencies.
I feel very sad about what is happening right now in the cryptocurrency space because this Pandemic doesn't seem to be over yet.
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Pandemic was the big problem for us, several countries suffered because of pandemic.
Economic is going down.
And now everything is starting to grow again. The government is starting to open their country.
Okay, We all hate pandemic COVID 19.
But I think It doesn't have big effect for crypto currency as long as 2020-2021. Crypto performance is still good.
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Good and high-quality products will be created under any market cycles and realities
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If we remember again at the beginning of the emergence of the Corona virus pandemic that hit the world, this really had a lot of influence on various economic sectors in the world. And Cryptocurrencies are also having an impact, Bitcoin prices are falling and other coin prices are falling. But there is also a positive side, because during the pandemic there were many newcomers to Cryptocurrency. Now the pandemic is gone, and Cryptocurrencies are back to normal.
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As you can see, covid has been having little or no effects right now in crypto. Any project using it as an excuse for poor performance is just lazy or plain scammy. That is the truth
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As you can see, covid has been having little or no effects right now in crypto. Any project using it as an excuse for poor performance is just lazy or plain scammy. That is the truth
Yeah, we all saw Corona virus just had little effect to crypto currency.
Even many new investors started to invest in crypto currency during pandemic, that's the fact.
They want to gain extra income as long as pandemic covid 19.
And we know, crypto currency is good investment to do.
Because many businesses stopped during pandemic
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During pandemic COVID 19 , we saw crypto market was going good and had high demand.
It means pandemic didn't effect to crypto, just real business that stopped.
After pandemic we see bearish season, I think that's normal.
Market will recover again at 2023 or 2024. So I think It's the right time to buy more.
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In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.
During pandemic COVID 19, we saw crypto.had high demand.
I think many new investors started to invest in crypto currency.
that's good for crypto currency world.
But at bearish season, we all see the current market is dumping
But I think It's temporary, market will grow again soon.
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It's always like this-the market is growing, everyone is interested, the market is bearish-interest is falling.Although speculation and long-term purchases are just a little bit of what you can do with crypto)
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It's always like this-the market is growing, everyone is interested, the market is bearish-interest is falling.Although speculation and long-term purchases are just a little bit of what you can do with crypto)
The cycle is the same.
Interesting to witness market capitalization during pumping momentum. It is also interesting to be with the promising tokens that incredibly increase. Unfortunate to participate in scam and shitcoins that never been in good position.
With or without pandemic, crypto world will continue blooming regardless of negative news that are spreading globally. Of course we cannot disband the fluctuations and volatile crypto environment.
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In times of ups, cool projects are often born, because if the project is top-end, it will continue its development regardless of market conditions.
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In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.
During pandemic COVID 19, we saw crypto.had high demand.
I think many new investors started to invest in crypto currency.
that's good for crypto currency world.
But at bearish season, we all see the current market is dumping
But I think It's temporary, market will grow again soon.
theoretically indeed during the covid19 pandemic where all activities to gather in public places at the same time are strictly prohibited and it is advisable to stay at home, activities related to crypto are one alternative that is increasingly being used as a reference to look for busyness while being able to produce.
then it is only natural that it is true that there is a lot of movement in the transactions in crypto, as well as a lot of new investors starting to join.
but sadly, this along with a prolonged correction has taken place, making crypto trading less enthusiastic, many are waiting for the situation to recover at this time. however, the bull market situation has been seen but has not fully recovered but gradually a significant change is expected to enter Q2 of this year.
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but sadly, this along with a prolonged correction has taken place, making crypto trading less enthusiastic, many are waiting for the situation to recover at this time. however, the bull market situation has been seen but has not fully recovered but gradually a significant change is expected to enter Q2 of this year.[/size]
Yeah, hopefully we will see the crypto market will more grow and touch new ATH at Q2, many investors predicted about several pumps at this year.
Let's see
It will happen at Q2 or Q3, keep hold and don't sell hasty.
We should be careful.
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Yeah, hopefully we will see the crypto market will more grow and touch new ATH at Q2, many investors predicted about several pumps at this year.
Do you mean Q2 in 2022?
I am not sure if crypto market will grow massively this year, crypto market is in a downtrend phase. I guess crypto market will grow in 2024-2025, it is the right time to expect a big change. Just remember the halving BTC schedule and the time for next Bullrun, everyone knows it will be in 2024-2025.
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Cryptocurrencies like Bitcoin, however, have been volatile over the past months amid the Covid-19 epidemic. But it's worth noting that their prices are going up again as the pandemic subsides. Many experts say that this is only a temporary setback in the long run and that cryptocurrencies will make a comeback. Crytos has shown such movements in the past also where the price dropped significantly and then rose back.
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Cryptocurrencies like Bitcoin, however, have been volatile over the past months amid the Covid-19 epidemic. But it's worth noting that their prices are going up again as the pandemic subsides. Many experts say that this is only a temporary setback in the long run and that cryptocurrencies will make a comeback. Crytos has shown such movements in the past also where the price dropped significantly and then rose back.
During pandemic we saw cryrpto market was doing well and many new investors went invest in crypto currency.
It's bearish season and maybe will continue until the beginning next year.
But no problem with that. 2023 crypto will start to grow and has bullish at 2024.
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Now there is a strong uncertainty in the world that is projected onto the cryptocurrency market. If you look, we can see how a huge number of projects have appeared and continue to appear that have not yet manifested themselves. Geopolitical events in the world are also not having the best effect. I am sure that everything will be resolved and the cryptocurrency market will still declare itself.
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The whole world has already forgotten what Coronavirus is, now people are already worried about other problems, and in general, over all these years of the existence of Coronavirus, the cryptocurrency market, on the contrary, has only grown and reached new heights and also many people lost their jobs during Coronavirus and they was investing their money in cryptocurrencies.
Problems are known in comparison. Previously, in Ukraine, every day they filled up with numbers about patients with coronavirus. Moreover, this was presented throughout the country as a whole, and by regions, and in various comparisons with past periods. After the Russian attack, the coronavirus is almost never remembered, although it has not disappeared anywhere. Now every day they announce reports from the front about the number of dead Russians and military equipment of the occupiers. Given the successes of the Armed Forces of Ukraine, this is a more interesting statistic.
It seems to me that the negative role of the coronavirus pandemic in society has been exaggerated with a specific goal, but in most cases the goal is known - money.
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In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.
Corona virus had bad effect for economic, many people had lost their income.
I think crypto help them to gain another profit by investing and trading.
It's really good way to do.
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I think that the negative effect of the coronocrisis has already been taken into account and is reflected in the market...the recent events related to bankruptcies, as well as geopolitics, have a much more negative impact on him.
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I think that the negative effect of the coronocrisis has already been taken into account and is reflected in the market...the recent events related to bankruptcies, as well as geopolitics, have a much more negative impact on him.
all aspects will definitely have an impact and it is impossible not to have an impact depending on how big the impact is. but all of that has made a bigger impact, where next year we will enter a world economic crisis. many countries are experiencing financial difficulties, making purchasing power continue to decrease for their citizens, many are unemployed due to bankrupt factories.
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Crypto games enable players to earn cryptocurrencies or non-fungible tokens (NFTs) by playing and performing various in-game activities. These digital assets then become the property of the player. They can exchange these assets for other digital assets or fiat currencies in crypto exchanges. Alternatively, they can also trade or sell these assets on online marketplaces.
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It's a good idea to attract new investors to the crypto industry, because of the new form of cryptocurrency, there are a lot more investors. Plus, this is huge for cryptocurrencies, there is also free advertising of cryptocurrencies.
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How is it possible to compare Govid-19 with the crypto market? How can you compare politics with cryptocurrency? Sometimes, sometimes you read this, you awkwardly come to a misunderstanding. In my opinion, there is no Govid-19 disease - this is a step invented by someone. The antivirus does not help cure the disease, which means it's all a bluff. My answer: Govid does not affect the crypto market in any way.
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If anything, it was supposed to affect the cryptocurrency as a whole, most organizations went to work remotely, which means there was more time left to see which project to invest in.
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Cryptocurrencies has come a long way. Right from covid pandemic to the Russian Ukraine wars, it has gone through some economic wringers and its still barely treading water. Covid would come and go and crypto would survives
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Cryptocurrencies has come a long way. Right from covid pandemic to the Russian Ukraine wars, it has gone through some economic wringers and its still barely treading water. Covid would come and go and crypto would survives
I don't know how you imagine her leaving... of course, she survived, as people who were seriously ill with covid survived, as many soldiers who are now on the battlefields will survive. It is impossible to destroy some technology at the same time, which was built and strengthened over the years.