Will Cryptocurrencies Survive the Corona Outbreak

[vegasus]

IIf we are talking about all of the cryptocurrency, it may not help all. Many cryptos are still having downtrend during this pandemic. However, several others having good progress so far. So, it means that t will depend on what crypto. For BTC and the top coins itself, they are very worthy and can really survive during this pandemic.

[pelana vreo]

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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.

So far, blockchain technology and cryptocurrency have always received special attention from each country, because of the security and transparency of good transaction data from blockchain technology, but regulations regarding the prohibition of crypto transactions for payment systems are still our problem at this time, this happens because every country has a currency that has been registered and recognized by the IMF and is reluctant to accept crypto payment systems for security reasons.
But I believe cryptocurrency will survive the current pandemic, because there are many cryptocurrency users in every country who want to use crypto to store their wealth by buying more Bitcoin or other top altcoins.

[Paglamon]

I admit at first that blockchain is not a very promising technology. Because the epidemic is going on. But I believe it is a technology of hope. The use of technology has increased at the moment. In particular, the use of blockchain technology has increased. So I think blockchain technology will embrace every person and states are taking different paths to use blockchain technology. So coronavirus has not affected blockchain technology. I see a great potential for states to adopt blockchain technology. So time is needed for a more universal adoption.

[TERMINO]

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?

If I'm not mistaken, that time Bitcoin had been struggling to get over $10,000. So far, Btc reached $12,000 and just down now to $11K. Bitcoin and the rest of cryptocurrencies will not going to end just decline and will recover again. Coronavirus has nothing to do with cryptocurrency.

[Rain075]

I don't believe the outbreak of the corona virus has had much of an impact on cryptocurrency. People have put a little more emphasis on cryptocurrencies because of the house arrest caused by the Karna virus. As the markets of 2018 and 2019 were much worse then there was no coronavirus but the market was much worse. So much coronavirus arrived at the beginning of 2020, the market was a little bad, but later the market grew a lot. I don't think the coronavirus could hurt the cryptocurrency market. With this coronavirus, I expect the price of Bitcoin to exceed 20,000.

[alltalk]

Crypto will always survive and unstaoppable, mate. I am pretty sure that Covid-19 won't make Crypto to be down or hard to survive. Even, there are many new crypto projects to grow lately. This shows us that crypto is quite strong and cannot be influenced by Covid-19 outbreak.

[tonymillions84]

I think the corona outbreak gave the cryptocurrency a new look. it pave the way for cryptocurrency. Many people utilized this period to learn or have heard about a technology known as blockchain for the first time. google share for cryptocurrency increased and so many other things.

[Augusta]

Cryptocurrency is just a little bit off due to translation, I believe it will recover quickly, even through this it can replace currency and is widely used around the world.

[Ten Ryuu]

Well, it had been months since the Corona outbreak and cyrptocurrency seems doing well.  We also have seen Bitcoin price surging up, the DeFi craze and lots of altcoins are on the green.  This simply means that the outbreak had a little effect on the cryptocurrency industry.  What thing it does is that, it enable people to realize that cryptocurrency can be an alternative to fiat currency in moving their funds around without third party involved.