Coronavirus And The Crypto World.

[Paglamon]

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.

[Pegasus]

You give arguments without any proof. Miners started moving from China 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.

[Seerge]

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.

[Fenix]

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.

[ShadowCrypto]

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.

[Goldario]

I hope for corona bitcoin price will cross 10k.

[carcas]

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

[tonymillions84]

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.

[Master107]

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.

[purpleseven]

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

[Bobcrypto]

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.

[MrSpasybo]

"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.

[Cryptoz]

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.

[trauchot]

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.

[MUGNIA]

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