Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Paglamon on May 02, 2020, 12:09:25 PM
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The year 2020 seems to be the ultimate test for cryptocurrencies as it is being hit hard by Covid19 pandemic disease. It has been a long time since the disease has emerged from China and have been continuously devouring the life of people from all over the world. There will be hardly any few countries which are away from its reach. Not only India, but the economy of the whole world is crippling due to its ongoing cases. Still, there has been no vaccine invented that can save you from the clutches of Covid19. The only solution left is a lockdown. But do you think it will solve the problem of crashing cryptocurrencies? No, definitely not. Let us know more about the state of cryptocurrencies during Covid19
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It's very obvious that all walks of life have been affected because of this COVID-19 pandemic, I think most of the businesses globally was severely affected by the pandemic, ranging from manufacturing, banking industrials, etc. trading of stocks, including cryptocurrency, was also badly hit during the early days of COVID-19 pandemic.
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a pandemic situation, it is very bad where the economic sector collapsed, people are afraid, and as well as cryptocurenccy at the beginning of the pandemic also decreased but I see the market has begun to improve, hopefully this time will pass quickly and all conditions are safe under control, especially the economy
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As far as I can say, the crytocurrency market is doing well during Covid-19 in comparison with traditional stock market. In fact, I think we will see more positive signs from the market in the coming time when stimulus checks reach out people's hands. India is only a piece of the cryptocurrency cake, even it it's gone worse, there's nothing to be worried about.
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Pandemic delayed economic activities => the economy was paralyzed and led to a crisis. I think that situation is the cause of the birth of BTC :)
So I still believe it is time for cryptocurencies to find their place & assert their value in the economy.
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Crypto is quite strong during Covid-19. Although crypto market was affected a little, it seems no longer affected so much lately. We can see that crypto market is growing even if the Covid-19 spread still continues. It means crypto market not affected longer with the virus outbreak.
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During times of macroeconomic stress, crypto can potentially offer investors a viable lifeline at key junctures
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I think the state of cryptocurrencies does not depend on the coronavirus. Because with the advent of the virus, cryptocurrency only grows and does not fall in price.
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Everything will be fine with cryptocurrencies, because even during covid 19 it is clear that cryptocurrencies can fight and survive, and therefore we should not even worry about it, but it’s also lucky that Bitcoin halving is very soon.
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The state of crypto currency is instable at this time, but bitcoin is growing strenght in strenght.
As a trader, you just have to follow the basics, everything.
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How corona virus affect on the Crypto world?
When the unemployment rate rises, the crypto market can be a solution for them to earn income because it is something that is likely and will happen, we know in the midst of this pandemic and now the crypto market will at least get more attention in the near future if the crypto market is able to bullish. With the many events and surprises that occur at least they or ordinary people if they understand about investment, technology, trading, etc., it is very possible they will choose to maximize their skills in the crypto market so that they do not always depend on help or donations during this lockdown.
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Coronavirus Covid-19 has indeed hurt people around the world, and has also destroyed the world economy. But in reality at a time like this, Bitcoin and Cryptocurrency in general are still able to survive even have experienced a fairly high increase. This means that Coronavirus Covid-19 does not affect Cryptocurrency entirely.
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But in reality at a time like this, Bitcoin and Cryptocurrency in general are still able to survive even have experienced a fairly high increase. This means that Coronavirus Covid-19 does not affect Cryptocurrency entirely.
Of course, Bitcoin & crypto can survive, there is no reason to end its existence because of the Covid-19. Bitcoin is growing its price now, even if it is still in small move today after yesterday increased quite significant. But seems we have a good future with this crypto business.
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Bitcoin and other decentralized cryptocurrencies fell sharply in price at the first stage of the emergence of coronavirus, when people urgently needed money to stay in isolation. After that, we see a slow and steady recovery in the cryptocurrency market. Further entry into the global economic crisis is already the opposite, should increase interest in cryptocurrency as a financial asset that is not subject to inflation. Therefore, cryptocurrency this year should significantly increase in price.
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Of course there is an economic influence when there is a covid-19 virus in every country, but crypto will always survive and there are still many investors who want Bitcoin and other altcoins because it is very easy to get for each transaction transparently.
Cryptocurrency has a large number of communities and I am sure that more people using crypto for transactions will increase the number of requests and prices of crypto coins.
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As far as I can say, the crytocurrency market is doing well during Covid-19 in comparison with traditional stock market. In fact, I think we will see more positive signs from the market in the coming time when stimulus checks reach out people's hands. India is only a piece of the cryptocurrency cake, even it it's gone worse, there's nothing to be worried about.
I also feel that way, even yesterday the price of Bitcoin and other cryptocurrency has increased. Indeed coronavirus has destroyed the global economy but not with the Cryptocurrency market. Cryptocurrency remained victorious at the time of the Covid-19 Pandemic.
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The main factor that determines whether cryptocurrency can survive while covid 19 is the number of crypto users. Are they dominant buy while covid 19 or sell and more secure real money to survive. The fact is that real money is more valuable to buy toilet paper and food during lockdown
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More than half of the world population is under lockdown. Everyone is getting affected and this is not good. Countries have already started preparing their citizens for the economic recession. The stock market globally are crashing and the common man is suffering.
Whereas this disease, in my opinion, has not affected the crypto market so much. Bitcoin halving might be the reason that the market has not taken a steep downward dive. I think if it remains the same after the halving then I assume new and old investors will invest more into the market.
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I think people now in affected nations are panicking and wishing for healing the land. Everybody's excited to live a normal life again. No work no pay no money nothing to invest in crypto.
The market now is still recovering.
This pandemic gives deep wounds to everyone who hope for better crypto value.
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Covid 19 really has a negative effect on the price of crypto and shares. Everyone feels where they lost money and lost their investment. If conditions recover, chances are that interest in buying and investing will increase
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Just now I heard the news Egyptian scientists have found a vaccine for this corona virus, but unfortunately I only read it and didn't copy the news link.
And for the Cryptocurrency itself behind the Pandemic Virus, it was initially a bit worrying, with the mark down of the value of selling Bitcoin and other Cryptocurrency two months ago. But everyone's assumption that the Covid-19 Pandemic could affect Bitcoin changed after the increase in the price of Bitcoin ahead of Bitcoin Halving.
So I think, Corona Virus will not be able to influence the existence of Bitcoin and Cryptocurrency.
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let me say this, i came from a country where majority of the people believed that the covid pandemic is a hoar by the government to collect money from foreign government. some believed that the virus is curable while some believed that there is no virus. the cryptocurrency has massive gain acceptance this period due to the fact that lot of people are indoors.
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The futuristic utopia that technological progress promises is coming ever closer at an astonishing pace, yet unseen challenges, have surfaced during the COVID-19 virus outbreak. The pandemic has managed to plunder and destabilize the world in just the last few months, putting in danger not only lives, but economic boundaries, well-established global businesses, and the very essence of the world’s financial system.
The uncertainties surrounding the evolution of the coronavirus and its impact on the global economy are gripping. The world was not ready for a global pandemic, just as it wasn’t during the Spanish flu of 1918-1920 where tens of millions died, along with similar global plagues in history, like the Black Plague of the 1300s.
What is different this time is the fact our world has never been more technologically connected, with people able to work remotely, buy online, see a doctor through video conferencing, and purchase digital currencies unencumbered by the limitations of fiat currencies.
Indeed, well before COVID-19 arrived on the scene, digital assets have become a slowly maturing niche. The last decade has seen a new kind of currency evolve, with the Bitcoin cryptocurrency having emerged at the right time to save the world with a new definition of speed, transparency, and reliability, thanks to Bitcoin’s twin revolution of the blockchain.
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when COVID-19 came along, digital assets were a slow growing market. The last decade has seen a new currency evolve, crypto has come in time to save the world with its new definition of speed, transparency and reliability.
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As the world progresses and fights the pandemic, the value and adoption of cryptocurrencies will increase, from conventional payments like coffee to much more sophisticated uses that were not expected. statue and create. Cryptocurrencies have provided a new financial picture with users who have painted an impressive first layer of lipstick.
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Everyone is getting affected by this pandemic situation of Covid19. Most of the businesses are slow down because of lockdown situation in all over the world. No doubt crypto currency was affected in initial state but at this time I find it is a better optqion for investment and return.
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the whole world is being hit hard by the Covid19 translation and so is the crypto market. many people got sick and died. This frightens the patient and often takes time paying attention to the situation to control the disease
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Covid19 has played a role in the development of the entire crypto industry, but this is not a reason to stop making money from trading or investing in cryptocurrencie
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Covid19 has played a role in the development of the entire crypto industry, but this is not a reason to stop making money from trading or investing in cryptocurrencie
As it seemed to me, the market began to show growth again, but just yesterday it stopped again.
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Covid19 has played a role in the development of the entire crypto industry, but this is not a reason to stop making money from trading or investing in cryptocurrencie
As it seemed to me, the market began to show growth again, but just yesterday it stopped again.
If I were you, I wouldn't expect the market to continue growing as it did in 2018, but I would be a realist. 8)
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Covid19 has played a role in the development of the entire crypto industry, but this is not a reason to stop making money from trading or investing in cryptocurrencie
As it seemed to me, the market began to show growth again, but just yesterday it stopped again.
If I were you, I wouldn't expect the market to continue growing as it did in 2018, but I would be a realist. 8)
Bro, did you use trading bots? My partner and I are actively testing some of them right now, while the results are pleasing. https://tradingbot.info/trading-bots-for-coinbase-pro/