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Analyst Says CoronaVirus WON'T Destroy Bitcoin And Other Crypto Currencies.

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On 1/24/2021 at 4:53 PM, Honny143 said:

, and so many investors in panic and thinks bitcoin collapse,

You know  that without  risk you cant earn profit  so that time only crazy  or real investor  invested their money  into different  coin and bitcoin  was one of the best..  Though  at the time of corona many people try to earn money by online and crypto world helped them much too @Honny143

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I think in the first bitcoin price will be down due to coronavirus 11k to 3.5k. but in few months it's reverse . After 6 months it reach at highest point . In my opinion bitcoin next stay at 50k and other stay at 100k in the end of this year 2021.

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11 hours ago, Dorjoy12 said:

You know  that without  risk you cant earn profit  so that time only crazy  or real investor  invested their money  into different  coin and bitcoin  was one of the best..  Though  at the time of corona many people try to earn money by online and crypto world helped them much too @Honny143

That's true @Dorjoy12 during corona crisis so many peoples join crypto and earn money, that time so many peoples jobless and crypto industry help then, and I believe corona give the good  push crypto industry to in his growth, worldwide so many new investor's join crypto and we are seen the result today.

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My friend I want to tell you that the analyst is said that due to coronavirus the physical business are closed and the people are interested to investment in the Bitcoin and the cryptocurrency to earn the profit

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This was not true actually and his prediction was false. We could see that a huge outbreak had happened in the prices of bitcoin as the pandemic started to affect the market . The prices were really down and there was nothing to do about it. Many should have not panicked and sold their coins to be safe. Even the prices are still being affected now.

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6 hours ago, Honny143 said:

worldwide so many new investor's join crypto and we are seen the result today

This was the good effect of corona virus actually  friend  because corona help us to understand  as well to big company owner  that in pandemic  situation  online money is necessary  badly which is unable to explain..  Hopefully more investor will come into crypto  and especially  invest on btc @Honny143

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23 minutes ago, Dorjoy12 said:

online money is necessary  badly which is unable to explain..  Hopefully more investor will come into crypto  and especially  invest on btc

Its true @Dorjoy12  online money necessary for us and present we have so many ways to earn online money, crypto is the one of the way and we have lot of scope in crypto to earn, yes you're right bitcoin need big investors to invest and make bitcoin price strong in market, because still some peoples says bitcoin price is like a bubble.

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4 hours ago, Honny143 said:

yes you're right bitcoin need big investors to invest and make bitcoin price strong in market, because still some peoples says bitcoin price is like a bubble.

There has lot of big investor of bitcoin already  actually 😂 and days go on this number keep increasing  on.. Can you imagine microstrategy  company  own has more than 70k bitcoin?  Also they continually  buying bitcoin and no matter in Which  price  bitcoin is now @Honny143

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Corona virus spread the Bitcoin and also other crypto coins becasue in the market this time so many peoples will know in the crypto market the corona help it to spread and so many peoples will start using of it.


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But I think the other reason which makes cryptocurrencies to not be affected mostly with covid-19 is that, mostly of people which affected mostly by covid-19 they are restricted cryptocurrencies, so there have no reason for cryptocurrencies to be affected by covid-19 while those countries are restricted cryptocurrencies such as UK.

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Yes, this is true. Corona virus cannot affect the price more than that. Bitcoin was able to withstand the crisis and after its price dropped to $ 4000, it returned to growth again and now the price is about $57,000.

Edited by teebasas

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Ok to be honest it looks like he making a joke of people with low investment in the field , so away from his talk although he was right , it's not good to do that because no one started being very rich and many people started even with smaller amounts and ended becoming very rich 

anyway he was right and corona didn't affect cryptocurrencies prices but it gave a chance for people to buy at low and be able to make 1000% profits at the end of the year by selling BTC at more than 40000$ 

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It was obvious that the people would be using the digital money money than ever in the days of the corona and that is why there is the bright future of the cryptocurrency as there is no need to touch it to use it.

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The Corona virus has affected the global economy in general, including cryptocurrencies, but the cryptocurrencies were able to recover from this virus quickly and we saw how the market recovered in a wonderful way recently, I think it is difficult for anything to destroy the cryptocurrencies


 

 

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And this is what happened, it was a positive thing for the investment market after companies and businessmen directed to invest in cryptocurrencies after the total closure that happened and is happening so far, in addition to thousands of people around the world to invest in cryptocurrencies as a way to earn money from the Internet while staying at home.

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Corona virus is damaging crypto market more and more and financial markets are also damaging in this pandemic.But now the situations has changed due to increasing the price of bitcoins, it is very good for investors and traders they can get more profit .But i don't seem that corona virus will end these crypto currencies it is impossible because due to covid situation a lots of people have joined online work and they also invest and trade crypto currencies .So the usage of crypto currencies will never end.

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In my opinion, this is correct, because home quarantine has increased those interested in cryptocurrencies because they provide job opportunities from home, and this will increase the importance of these currencies, and certainly their price will increase with the increase in demand for them.

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According to my information, the Corona virus will not affect, my friend, cryptocurrencies and Bitcoin, because this is a technological and electronic world that has nothing to do with medicine.

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I really agree with his idea, because, the coronavirus will not be able to destroy the cryptocurrency! After all, this is a temporary problem. We need time to adapt, so that the situation becomes stable, and then we will not be in any danger!

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