The effects of COVID-19 on cryptocurrencies: negative & positive

[labonikhatun]

The effect of COVID-19 on cryptocurrencies is positive the crypto market is moving forward based on its demand even though people are suffering a lot with the world economy due to the epidemic. The price of crypto has increased a lot this year compared to other years many countries are adopting crypto for their improvement.

[ashraf786100]

The effects of covid-19 are almost identical But it is more in some countries and less in others. There is only one way to avoid it Caution
The first stage is only in Wuhan China. The next place spread nearby. Then to different continents and then to the world. The WHO urgently needs to predict the massive loss of life in a world of chaos. Unfortunately, different countries had their own point of view which they considered effective.

[Rafiq]

I think COVID-19 has had a positive effect on cryptocurrency. In the ongoing epidemic, when people's work, movement is limited, people start looking for online based work. As a result, more people are involved in cryptocurrency than ever before, increasing investment
Which has had a positive impact on the crypto world.

[Riya143]

The global epidemic initially damaged much of the cryptocurrency. Many cryptocurrency projects were forced to close during the epidemic. I remember the owner of one of the projects died of a virus. However, the current state of the cryptocurrency market is much brighter.

[Istiak]

I think there is a more positive effect than a negative effect. People are adopting crypto as their best investment plan and many business institutions also investing in btc as their long-term investment policy. This leads the market to a new bull season and many new projects came forward.

[Confero]

For me personally, the Covid -19 pandemic has not really affected my work and my activities in Cryptocurrency. And what the OP said was true, I spent more time at home and had more time to learn about Bitcoin and Cryptocurrency. But what I feel sorry for at a time like this is those who work as factory workers, because many of them because of the coronavirus pandemic have finally stopped working.

[Michael.sol]

This is true that COVID-19 have it's postive as well as negetive effect on crypto market . Still their is new crypto invester who join in lockdown period . A lot of user sell their crypto assest as they holding because they need money in that critical condition .
Due to COVID-19 alot of user project show some delay .

[Galley]

The impact on the cryptocurrency COVID-19 is mutual. On the negative side, some projects, due to various restrictions, cannot settle relations with various government bodies regarding licensing. A positive moment is the influx of new interested users who have a lot of free time.

[@chison]

The impact of covid 19 on cryptocurrency is positive. As people went into isolation it gave time for them to study crypto and its usefulness.. How people can transact remotely.. This can be seen in the result of the boom the crypto space felt.

[Dociko]

The covid-19 epidemic has brought some negative changes worldwide. Many people died during the epidemic. Many experts have been infected. Many people involved in the cryptocurrency market have been infected and died. I think it's a shadow of mourning. However, the cryptocurrency market was not too bad at the time of the epidemic.

[Lenipiw]

The cryptocurrency market has been affected to some extent by the global epidemic. However, at present it is in a much better position to exert influence. At the beginning of the epidemic, the situation in the cryptocurrency market was much worse. But now the situation has improved.

[Tnoy30]

The epidemic has damaged the economies of many countries around the world. But now the economic situation of most countries is much brighter. Because the countries that use cryptocurrencies, cryptocurrencies have a lot of use of them, the level of investment is much higher in those countries. So I think the cryptocurrency market was not destroyed by the epidemic. However, the economies of different countries are under threat.

[Callisto]

A pandemic for the crypto world is like a panacea, because many people went online, which attracted new users in the crypto world and on the exchange. Unfortunately, of course, in real life there are many negative influences.

[expander]

Covid-19 does have an impact on all economic specs. Both traditional and digital economies. And indeed your exposure to the positive and negative impacts of covid-19 in crypto is very true. I also agree with that because behind the negative impacts, there are positive sides that can be used. And indeed crypto users increased during covid-19.

[Jaguar]

The global epidemic initially damaged much of the cryptocurrency. Many cryptocurrency projects were forced to close during the epidemic. I remember the owner of one of the projects died of a virus. However, the current state of the cryptocurrency market is much brighter.

Some crypto owners force to used their own funds to finance the team and the project at the time of pandemic where humanity sent to lockdown. Despite of the unfortunate things, the world is currently at the progress to officially overcome covid 19. And now there are a lot of good things that happening in crypto place such bitcoin and Ethereum are increasing. Possible to see bull run this year.