State Of Cryptocurrencies During Covid19.

[Paglamon]

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

[masterrex]

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.

[Shahinaz]

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

[Pegasus]

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.

[MrSpasybo]

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.

[Cryptoz]

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.

[ShadowCrypto]

During times of macroeconomic stress, crypto can potentially offer investors a viable lifeline at key junctures

[Andruha1993]

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.

[trauchot]

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.

[hushpupppy]

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.

[SRShanuka2020]

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.

[Octoalts]

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.

[Alter]

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.

[Fenix]

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.

[pelana vreo]

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.