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

[Obliv0n 333]

As you mentioned, that is a series of positive and negative points, the pandemic brought many bad things but it is undeniable the fact that thanks to it, the adoption and dispersion of the cryptographic world began to rise, distrust in certain assets I changed the price and today we see the results of this adoption.

[Goyaa 2414]

The effect of Covid 19 on cryptocurrency is more positive than negative. The existence of Covid 19 has an impact on all economic and financial sectors, as well as cryptocurrency which is a positive sign. People are looking for new investment alternatives that are resistant to the global economic crisis and cryptocurrency can be an investment alternative that is resilient to the crisis. Cryptocurrency is the only financial sector that has really improved since the pandemic, the use of cryptocurrency as well as the number of people joining forces to make the crypto market go up. This has had a positive impact on the crypto community that has been waiting since 2018 about the increase in bitcoin price.

[UsmanMehmood 374]

I feel that because of the covid-19,it has been an increase in the run-off on this platform. Many people were sitting unemployed in their homes. When they came to know about this platform, they started working further on this platform and started earning money.  

[Tanvir5556 1]

Economy is affected, many people tend to accumulate & limit spending. Of course they also won't be able to invest in crypto;
-Many activities in the crypto world such as seminars or conferences cannot be conducted. Teams are unable to advertise projects or reach potential investors;
- Teams members are difficult to work directly together, they have to work together online which reduces work efficiency. Each person is under psychological and economic pressure, they will not be able to maximize their capacity => progress is delayed.
-Economic pressure causes many people to blindly put money on crypto, and bad guys create scam projects to make money;

[Wanderdark 2178]

Thanks for these informations, they are really very good. I think limited supply assets love crysis environments and COVID-19 caused a great crysis for the world. So Bitcoin and major Altcoins has been following a major bullish trend as a result.

[selfmade 7]

The effects of covid on cryptocurrencies for me I think they are mostly positive, seems to me that it was shock at first that cryptocurrency prices fell at the beginning of this pandemic and it was just a panic, because after few weeks coins started to go up and the locking down of people made more people get more time to know and learn about cryptocurrencies.

[Dorjoy12 8962]

On 11/28/2020 at 5:31 PM, MrSpasybo said:

What is your opinion on this issue, do you want to add anything?

 There has some good advantage  on crypto currency  due to corona virus..  You know most country do not like online  money  payment  system  but for corona they trying  to realized  that money  should be transferred  via online which indicate  the crypto  currency  ..  Infect many country now prepare their self to accept  crypto.. 

[Oki 675]

With the presence of Covid 19 it is certain to have a negative and positive impact. The negative impact is that the economy is sluggish and people's purchasing power decreases, they cannot leave the house because of the lockdown. The positive effect is that people are turning to the crypto market as many people are looking for alternatives to making money at home.

[Whited35 15285]

On 11/28/2020 at 5:16 PM, MrSpasybo said:

+ People have plenty of time at home to learn about Bitcoin and crypto;
+ The need for cashless payments makes crypto one of the options to be considered;

Everything has good and bad sides and regarding the impacts of Covid-19 to cryptocurrency markets, it does not make the sense if we are just focused to discuss about its negative aspects. As you mentioned there, pandemic has taught human beings to go for cashless payment system so that transmissions of virus would stop and at the same time, there was the progress for Bitcoin to be globally recognized. 

[AL SHAIMON 1293]

Covid situation was not bad for the crypto market. People started to invest in crypto-currencies. For this the price of bitcoin and alt coins started to increase in this pandemic situation. Bitcoin market already hit 40k. 

[Brushless4500KV 4214]

It didn't affect the cryptocurrency itself but it had a big influence on the income of the traders and the value of the coins. Covid-19 created a big chaos in the early days of announcing the disease and caused a historic crash in prices. Some coin owners were frightened at first but lots of people considered it as a great opportunity for future investment. Low prices attracted so many people to crypto and market capitalization grew quickly. Now, people who bought in the mid 2020, are making big profits these days! This is what Covid-19 did to cryptocurrency and its fans.

[joemcgwa 3227]

On 1/15/2021 at 4:45 PM, selfmade said:

The effects of covid on cryptocurrencies for me I think they are mostly positive, seems to me that it was shock at first that cryptocurrency prices fell at the beginning of this pandemic and it was just a panic, because after few weeks coins started to go up and the locking down of people made more people get more time to know and learn about cryptocurrencies.

Also many donations during the corona impact were mostly done through the bitcoin payment because it was fast payment that's can done worldwide not more than hour.

[AdCoins135 37]

During covid 19, Bitcoin was able to increase price, also other cryptocurrencies also follows and increase in price. That mean cryptocurrencies  generally has been increasing during covid 19. 

[yonkii 3205]

Covid did nothing good to us. I don't think it was good for cryptocurrencies either. The devaluation of the fiat currencies was always going to happen, perhaps the events with printing too much money have escalated this and given to Bitcoin a better narrative, the one it was looking for. But we have to wait a few more years to find if there was any effect or it was only a small term.

[Mário Figueira Fernandes 21]

I wouldn't assume covid to have effective consequences on cryptocurrencies and possibly it wasn't covid but the inability of governments to have a again up plan for this sort of durations and their simplest tool to be had which is to maintain printing, this on my own became the cause for Bitcoin to upward thrust and become the pinnacle investment in final 12 months...

I wouldn't anticipate covid to have positive effects on cryptocurrencies and possibly it wasn't covid but the incapability of governments to have a back up plan for this sort of periods and their handiest device to be had that is to preserve printing, this by myself changed into the motive for Bitcoin to upward thrust and emerge as the pinnacle investment in remaining 12 months...

[Adeseye5 24]

covid19 pandemic as really boost the income made in crypto currency and also make and enhance people knowledge on different currency in other to benefit people   

[selfmade 7]

20 hours ago, AdCoins135 said:

During covid 19, Bitcoin was able to increase price, also other cryptocurrencies also follows and increase in price. That mean cryptocurrencies  generally has been increasing during covid 19. 

But the price dropped at first when corona started, if the effects of corona towards bitcoin are positive, then what caused the price to drop at first?

[Rida nasir 801]

There are more negative effects of covaiid on all bussiness and trading then positive only online works like crypto and online stores are florushing.The negative effect is people have no investment for crypto coins.

[AdCoins135 37]

On 1/21/2021 at 4:55 PM, Rida nasir said:

There are more negative effects of covaiid on all bussiness and trading then positive only online works like crypto and online stores are florushing.The negative effect is people have no investment for crypto coins.

That is just the truth that covid virus do not have effect on any cryptocurrencies like bitcoin, the price of bitcoin first decrease as the virus started but later increase and increase and reach all time high. Nothing can stop cryptocurrencies. 

[Mr john 12]

At the beginning of the 2020 global COVID-2019 pandemic, Chinese financial markets acted as the epicentre of both physical and financial contagion. Our results indicate that a number of characteristics expected during a “flight to safety” were present during the period analysed. The volatility relationship between the main Chinese stock markets and Bitcoin evolved significantly during this period of enormous financial stress. We provide a number of observations as to why this situation occurred. Such dynamic correlations during periods of stress present further evidence to cautiously support the validity of the development of this new financial product within mainstream portfolio design through the diversification benefits provided.

[Irfan Bukhari 9]

Dear friend i don't know much because i just joined cryptotalk.According to my point of you, the effect of covid-19 on criptotalk is negetive  Because marketing was not taking place during Covid-19.Because of this, there was not much work on it 

[guatazoo 7150]

The covid-19 has the negative and positive impact, the positive impact is when it causes the price of bitcoin to bull run, and the positive is that we lose people during the pandemic. 

[Akhtar Bashir 105]

My dear friends !

Cryptotalk has showed positive impact in the era of covid 19 .by working at this platform we can earn money as well as get knowledge about online trading .this platform helps mn a lot.

[mena4 156]

Hello friends, I believe that cryptocurrencies have a positive effect in light of the spread of disease and the presence of people in quarantine and sitting for long periods on the Internet, until they learn about more cryptocurrencies and trade them, which led to a significant increase in their prices and value.

[zagzag 320]

"The best way to destroy the capitalist system is to make money invalid." Keynes

 

Until today, 19 percent of the world's population has purchased crypto money. In these days, where we feel the impact of the Covid-19 process in every sense, investors' turning to alternative tools whose resources are not infinite will accelerate the entry of crypto coins into our lives more. Perhaps it is useful to question the question: "Are cryptocurrencies less secure and valuable than these currencies these days, when central banks print money in digital environments without money?" @MrSpasybo