Will Cryptocurrencies Survive the Corona Outbreak

[Paglamon]

In my opinion, cryptocurrencies have the tendency to survive COVID 19. Some of the digital assets, especially Bitcoin, have shown some signs of recovery. For Bitcoin, the halving procedure would help recover the price. Moreover, governments have begun to lock down their lands. No person is allowed to go out without any reason. Speaking about fiats, the exchange of these paper-based currencies has the potential to spread the virus. People have now started relying on the internet to transfer the money. This could be a piece of good news for blockchain and cryptocurrencies. Decentralized systems like these two have a chance for more adoption. When countries would start adopting blockchain and digital assets, prices would rise significantly as a result. This would reap more profits to the investors.

[masterrex]

In my opinion, cryptocurrencies have the tendency to survive COVID 19. Some of the digital assets, especially Bitcoin, have shown some signs of recovery. For Bitcoin, the halving procedure would help recover the price. Moreover, governments have begun to lock down their lands. No person is allowed to go out without any reason. Speaking about fiats, the exchange of these paper-based currencies has the potential to spread the virus. People have now started relying on the internet to transfer the money. This could be a piece of good news for blockchain and cryptocurrencies. Decentralized systems like these two have a chance for more adoption. When countries would start adopting blockchain and digital assets, prices would rise significantly as a result. This would reap more profits to the investors.

Base on the situation right now, I can say that the cryptocurrency industry is showing resiliency despite the huge pressure that inflicted in the cryptocurrency market nowadays in that case I presume that the crypto industry will survive in this challenging times no matter what happens. 

[Seerge]

Logically Cryptocurrency itself is not affected by this Covid-19 Virus, But the problem is that the impact of the Covid-19 Pandemic has really brought down the global economy.
If this continues, I'm afraid that the price of Cryptocurrency will really be affected. Because people will sell their assets to buy basic necessities that are eaten daily.

[Andruha1993]

Personally, it seems to me that cryptocurrency is independent of the coronavirus. Especially against the background of the virus, we see a slight increase in the price of crypto.

[hushpupppy]

I believe that crypto currency has already survived the pandemic, and the future is greener.
The casualties of the pandemic are indeed much, but it is reducing which is imppressive.

Once the pandemic is over, digital currencies will be encouraged to avoid contacts with fiats for now, that will attract people to bitcoin more.

[Vx1]

Personally, it seems to me that cryptocurrency is independent of the coronavirus. Especially against the background of the virus, we see a slight increase in the price of crypto.

I agree with you, sir. Indeed, the current condition of the world economy is destroyed by Coronavirus, but not with Cryptocurrency.  Cryptocurrency is not affected by Covid-19 and will continue to grow.
Within a few days the price of Bitcoin is changing prices, but that is common in Cryptocurrency.  And not because of this Coronavirus Pandemic.

[Noverteno]

Personally, it seems to me that cryptocurrency is independent of the coronavirus. Especially against the background of the virus, we see a slight increase in the price of crypto.

I agree with you, sir. Indeed, the current condition of the world economy is destroyed by Coronavirus, but not with Cryptocurrency.  Cryptocurrency is not affected by Covid-19 and will continue to grow.
Within a few days the price of Bitcoin is changing prices, but that is common in Cryptocurrency.  And not because of this Coronavirus Pandemic.

I don’t quite agree with you. As soon as information on the spread of coronavirus began to appear in large quantities, in mid-March, the price of bitcoin fell sharply to five thousand dollars. At the same time, prices fell in all traditional markets. Therefore, the advent of coronavirus did have an impact on lowering the price of cryptocurrency in the first place. However, I agree that bitcoin and the cryptocurrency market as a whole quickly dealt with this problem and now the market is slowly recovering.

[Ozark]

Just to inform you guys that at this moment in time as I writing this, almost all of the top 100 cryptos listed in CoinMarketCap led by Bitcoin are all in red. Do you think it has something to do with the coronavirus?

[tonymillions84]

The pandemic crisis has not  been a new thing. it is quite strange and unfortunate that the first it seems like we have no survival of the first pandemic living with us. we will survival and things will normalized as usual but the effect will be dangerous because will will loose friends and families.

[Istiak]

At least, for now, we are seeing there is no problem. There was a downfall but now the market is stable and going upward. Hope this will continue. This epidemic made a bad impact on the market but the crypto market survive and I think that fear of market collapse already gone. This is not the first time crypto market-facing this kind of problem.

[DogeTalk]

I believe crypto can survive in conditions like this. Decline in normal things happens because people panic and the economy has decreased due to a virus outbreak. Hopefully recover quickly and increase again

[purpleseven]

Maybe with covid 19 will have an impact on investment enthusiasts and sell more assets because of the necessities of life. If to make crypto better known than fiat it could be done in the future

[bigcash2011]

Surely crypto market will survive and as soon as world controls this disease i am sure crypto market will boom like spaceship.

[Cryptoz]

Why not? Crypto must survive even it can be influenced a bit by the Corona virus. I think Crypto market is quite strong even the trend is in bearish for now. I am sure that Crypto market will recover very soon. Moreover, we will have halving in the near future. It is really good factor to make crypto market to be better.

[Pegasus]

Stock markets are going down, while bitcoin is going up. That's the most solid proof to show that cryptocurrencies will survive and live well. The fact is from the very begining of the pandemic, finance markets and oil were severely affected. Crypto were affected either but at a minor level. That's not to mention the upcoming halving.