Did COVID-19 had a direct impact of crypto or was it just a panic?

[deepown 0]

1 hour ago, Ridam said:

Well everyone is seeing the bad ends only. People are in lockdown all over the world and listen people are buying Crypto and investing in it as those who were making money in real estate are out of their work and options of Crypto is still their hope. So i think it has positive impact somehow.

If that is so then it explains why coins are rising at this moment instead of going down, as they were doing. I'm just glad this is happening, this is good.

[Laboni 755]

The Coronavirus cannot affect the price of Bitcoin. COVID-19's crypto had no direct effect, it was just panic. However, it will not last very long and people will overcome this crisis very soon. There has been a lot of healing from before and the price of Bitcoin has gone up a lot.

[deepown 0]

10 hours ago, King98 said:

I am sure that everything will be fine and prices will rise again and there are many trades that have been closed for this crisis and the corona virus has affected the price of bitcoin in a few percent

There is no doubt that the prices would rise again, but the problem is how long it will take and how many investors can keep such patient.

[Ayush Singh 1175]

Covid-19 has doesn't impact directly to the Crypto world but indirectly it has impact negatively as due to the lockdown in most of the countries all the works have been stopped and due to this reason people doesn't try to invest in Crypto coins or to do the trading activities so it is impacting indirectly to the Crypto world.

[Dark_Sky 8489]

On 3/24/2020 at 5:27 PM, deepown said:

You can see now the price of major coins is increasing despite the fact that corona virus is still on it's best.

Makes me argue was it just a picnic of investors, or corona had real direct impact on the prices of cryptos?

What do you guys think?

Some people said corona has really an impact in the market which is acceptable because when we analyze the price really goes down when the pandemic happens. 

[deepown 0]

1 hour ago, Dark_Sky said:

Some people said corona has really an impact in the market which is acceptable because when we analyze the price really goes down when the pandemic happens. 

But there could be a couple of possible reason to why the price of coins had dropped after the pandemic and panic could be one of them, because the only real reason prices falls is because people sells.

Edited April 26, 2020 by deepown

[Laboni 755]

The decline in cryptocurrencies is not only due to the corona virus but also to the declining market demand, which has had such an impact on the currency. If the demand for crypto market had not decreased, the Corona virus would not have been affected.

[Maroua 1159]

There are countries that knew how to control this disease, and there are countries whose economy remains functioning despite the epidemic, and there are countries whose economies have fallen a lot because of the Corona pandemic, but the price of bitcoin is starting to return to what it was.

[ETheHedgehog 3104]

i believe it was a wave of panic from many investors, that's why prices dropped in the beginning, but now that things have cooled down a bit it's climbing back up

[Nab 263]

the movement is unpredictable not always the cryptocurencies have managed to overcome an economic crisis, before the covid-19 pandemic had  a low that lasted a short time where all currencies suffered to stay however investors saw this as an opportunity to buy bitcoin and then sell it and get good returns.

[Treat1234 0]

Covid-19 has already make his impact on cryptocurrency and this has not even last for a week when cryptocurrency start to recover from it. This shown cryptocurrency can withstand pressure

[guatazoo 7150]

I think while the corona started it's negative impact to the world, there was a chance for cryptocurrencies demands to be decreased, that's why people were panicking and Starr selling it, but end of the day the crypto looks thats have high demands due to CORONA pandemic.

[Hasmizara 64]

The coronavirus had a lot of influence on the crypto market. But now a lot is changing. Many were terrified to overcome this epidemic but now there is no impact on the COVID-19 crypto market and nothing to panic about. The crypto market is rising.

[issa123h 0]

And now bitcoin price

Raise up now again it's price 

Now is 9000$ and it is raise up

Again more and more 

And this is a good news 

For every one here

[Treat1234 0]

7 hours ago, Basad said:

It has affected Bitcoin and cryptocurencies market directly dropping the prices to the lowest ever experienced despite in its year of halving, this has hindered the speed of rising of BTC 

It has not hinder the speed of bitcoin. This has given others opportunity to buy bitcoin at lower price, but presently the price has already rise above our expectations

[Treat1234 0]

15 hours ago, Basad said:

Looking at it from the other side I would say you are right both have advantage bear market is a good time for investors to come in and buy. But you can see the price despite we are in the month of halving it's stuck at $8500 it's hasn't cross $10'000 talk less to rise beyond expectations

Forget about the stucked of the price and there is hope for bitcoin to increase in price, the halving always have impact on the price of bitcoin, this is not the first time that is happening

[SuperCrypto 7193]

On 3/24/2020 at 11:27 AM, deepown said:

You can see now the price of major coins is increasing despite the fact that corona virus is still on it's best.

Makes me argue was it just a picnic of investors, or corona had real direct impact on the prices of cryptos?

What do you guys think?

I found that the influence of Covid 19 was generally positive for Bitcoin and the cryptocurrency market, and the crisis has proven that these currencies are an effective way to send money online in light of this crisis.

[Shahud 1319]

obviously cobid 19 made a great impact on the economy of the world also on the crypto field..every crypto currency price has been dropped due to this pandemic .but now we can see a good improvement int he price as this covid19 is washing out slowly form the world

[Crypto123 0]

Prices have risen slightly, there are two reasons, in my first opinion, because of the Corona virus, many people have purchased quantities of bitcoin with the assistance they received from the government as a result of the Corona epidemic, and the second reason is that the whales collected large quantities of bitcoin in preparation for the near halving.

[nykas 2812]

I think that coronavirus is factor for crypto price growth and everything what was it`s just panic, people sold assets and then they understand that crypto is very good way of keeping money 

[Treat1234 0]

4 hours ago, Basad said:

 

I hope so too Bitcoin should increase in price, BTC should be able to break $8000 stage to $10'000 and even beyond in this few days to halving, because we only have one week now to halving

 

Even do bitcoin did reach $10000, there is still hope for bitcoin to rise after halving, this will boost the price to pass the range of $10000, and start heading to 20000$

[Dark_Sky 8489]

In my opinion it really has an impact which lead to the price to go down and suddenly rise as time goes by. 

Most of the people said it too. 

Luckily bitcoin halvening is happening right now which lead to bitcoin price to rise. 

[Laboni 755]

Bitcoin has come in at the half. The front could cross this half. I think it will apply in both cases. There was both panic and impact. But now everything has healed. Bitcoin's price is rising and people are being able to overcome this panic. Most have returned to normal.

[Captain Karim 0]

I think that the whales manipulated the market, they discharged their load from the price of $ 10500 until everyone was selling with terror, then they collected bitcoin at prices of about $ 5,000 and the halving is also close and whoever bought at that point may achieve a huge return on investment.

[Captain Karim 0]

1 minute ago, deepown said:

Everyone is saying that it is the covid that made that prices to fall, but you think it was a whale who dumped and pumped the price of bitcoin, how certain are you?

If Corona is the reason, why is the cryptocurrency and bitcoin market now recovering while the Corona crisis is still plaguing many countries around the world?