Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: ShadowCrypto on May 09, 2020, 10:39:00 PM
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Does COVID-19 affect directly the price of cryptos and bitcoin? it's a good time to invest on it and maybe people are using stimulus check, a good move?
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Though covid19 pandemic attacked whole world simultaneously but covid19 cannot hampers cryptocurrency market completely. Cryptocurrency market always out of corona Pandemic.
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The advent of coronavirus had an impact on lowering the price of cryptocurrency only at the initial stage, when people urgently needed cash to prepare for protection against this virus. After that, the cryptocurrency is growing steadily in price and has now almost completely recovered to its original level at the time of the fall. Gradually, states come out of strict quarantine measures, and therefore the cryptocurrency market should no longer fall.
However, unprecedented measures to combat the spread of coronavirus have greatly weakened the economies of almost all countries and most likely, this will be followed by a global economic crisis. In these conditions, the cryptocurrency should already prove to be a safe haven from inflation of ordinary currencies, and due to increased demand, this time it should increase significantly in price. Therefore, the end of the year should be good in terms of price for cryptocurrency.
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COVID-19 has locked down all the economy. Many people has lost their job. Business men are passing idle time. Most of the people are staying at home leaving their job. Many of them are trying to engage in online business and online job. Crypto market is highly attracts such people to invest. Already many people has invested in this field like me. As a result crypto market has not been affected by the corona Virus rather price of crypto is continuously showing a positive sign.
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COVID-19 has locked down all the economy. Many people has lost their job. Business men are passing idle time. Most of the people are staying at home leaving their job. Many of them are trying to engage in online business and online job. Crypto market is highly attracts such people to invest. Already many people has invested in this field like me. As a result crypto market has not been affected by the corona Virus rather price of crypto is continuously showing a positive sign.
Covid19 affected the cryptocurrency market when it started to spread all over the world but thankfully the market made a good recovery when people realized that this can be the time when we need cryptocurrency as people can be spending their money cashless and on the global basis. What the pandemic has become is it focused on cryptocurrency in a good way...
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Behind big dump in Crypto market , we didn't accept only coronavirus behind it . I think buying and selling orders also affect Crypto market badily .
Anyway this is really good that Crypto recover it's market very well .
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Already a long time have passed from starting of corona virus. COVID-19 is still an alarming for the world. Within this crisis moment we have examined that crypto market is growing day by day. Invement on different coins has increased. Even bitcoin, ethereum and other coin price have help a positive sign where the world economy has declined largely. So, I think, COVID-19 has turned a positive change in the crypto world.
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We saw only a sharp drop in the price of Bitcoin and the entire cryptocurrency market during the initial period of the emergence of the coronavirus. In the future, the cryptocurrency began to recover in price until it fully recovered, after which it continued its price growth. Now the cryptocurrency not only does not react negatively to the ongoing outbreaks and new waves of the coronavirus. It seems that the coronavirus, or rather the measures to combat it, are even contributing to the growth of the cryptocurrency market. They led to a rapid decline in the economies of all states and cause a severe global economic crisis, and this leads to an increase in demand for cryptocurrency and an increase in its price. This is also evidenced by the rise in the price of gold, which usually occurs during periods of economic crises.
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I think the covid situation did not affect the BTC market but this is the best chance to many investors because this is the best way to earn money than other trading platforms like Forex, nifty , ... But many altcoins projects are affected by the covid situation thus many new altcoin projects are still pending ..
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I believe this coronavirus can do so much damage to cryptocurrency. If it did, the cryptocurrency market would collapse today. It is not the mother but a lot of growth. In my opinion the cryptocurrency market is not infected by the corona virus.
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same here
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The coronavirus has had no effect on Bitcoin. Rather, the coronavirus has increased the price of bitcoin.
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With the coronavirus in place, the price of bitcoin is on the rise.
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I think we finally realize that Covid-19 has no significant effects on Bitcoin or Altcoin prices. Instead, during the Covid-19 pandemic, the prices of Bitcoin and Altcoins are growing quite fast. Especially for Bitcoin, it even almost reaches $17,000 lately. I guess many people start to have a business in crypto trading during the pandemic. Experienced traders/investors are getting more active in the market during the pandemic, also many newcomers are trying their luck to earn money from crypto as well. Yep, people are aware that even if the world is in crisis but crypto market got no significant impacts.
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The global epidemic had no effect on the cryptocurrency market. The cryptocurrency market has improved even more during the global epidemic. What kind of market has been invested a lot during the epidemic. So bitcoin and altcoins were not affected.
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Covid-19 epidemic has never flowed or will never flow Bitcoin or cryptocurrency. People once thought that the situation of Bitcoin would be much worse in the crypto market. But looking at the current or last few months of the market, it is clear how much Bitcoin has improved. People had the wrong idea, people were working to create the wrong stimulus.
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The cryptocurrency market was much better during the global epidemic because the effects of the epidemic did not fall on the cryptocurrency market. People stopped in the epidemic situation. The level of investment was greatly reduced. But later the level of investment increased many times more. Lots of people gather in the market. So the epidemic situation could not stop the bitcoin market.