Global economy crisis and cryptocurrency

[Zaman222 415]

On 4/13/2020 at 10:45 AM, Dmasked said:

The economy of the entire globe is on the fall. Even the biggest and strongest of the countries are sustaining heavy impacts on their economy as most of the economic activities have halted. Early during the start of the pandemic, bitcoin saw one of its greatest fall in price but the price is somewhat stable now even though the pandemic is at its prime. we will witness how long the cryptocurrency sustains if this crisis extends on.

@DmaskedI totally agree with you mate. The Covid 19 pandemic has been the major influence the fall of the economy of the countries round the globe and this negative impacts on the economy has also makes the price of cryptocurrency coins to fall. Just hoping the Cryptocurrency coins gains their stand back for investors to earn  more profit to be stable back to boost the economy back.

[Arman999 96]

I agree with you, I think carona virus the is main reason of this crises .corona virus is affecting the global economy due to the fact that many business sectors have been halted,Corona virus really destroyed all countries economy,So this reason extremely bad effects on the global economy and in part the cryptocurrency.

[Leo0 277]

Yes,most of the big counti suffer from an acute economic crisis, and i believe that the solution may be in the cryptocurrencies. The current health emergency situation which cause all work stoped temporarily ia also affecting cryptocurrency very hard.            

[Tonmoy12 345]

Yes my friend you are right Corona virus is effecting economy of every country of the world. It also effect online currencies like Bitcoin. But right now economy is stable. And also the price of bitcoin is increasing day by day. So that is a good news for us right.

[Ahmad N Ahmad 472]

Global economic crisis it alone will affect every aspect of economic and the currency exchange in the world like during the pandimic disease economic growth was seriously affected and it will take long time before it get balance why cryptocurrency is a currency that is mining online for earning purpose or investment.

[FARISOKTAV 970]

The global crisises almost all the time feeds the limited supply assets like gold, silver and bitcoin. At first, a sale pressure comes because the margin calls of other assets, but following that we see a great pump in these assets almost all the time. 

[betania1 283]

On 4/13/2020 at 5:45 AM, Dmasked said:

The economy of the entire globe is on the fall. Even the biggest and strongest of the countries are sustaining heavy impacts on their economy as most of the economic activities have halted. Early during the start of the pandemic, bitcoin saw one of its greatest fall in price but the price is somewhat stable now even though the pandemic is at its prime. we will witness how long the cryptocurrency sustains if this crisis extends on.

The pandemic has really managed to bring down large countries and what is happening now is something incredible, so the crisis is happening due to the catastrophes that have occurred throughout 2020 and we still do not know what will happen.

[NagnaOIC 133]

The security of cryptocurrencies has to do with global crises but I think that if the demand for them increases but theris still hope in bitcoins's price to survive during this hard time as it seems to be recovering from the deep lows it was pushed to by this crisis

[Prettylado9 542]

Yes of course thare are many cricess in many countries and bitcoin saw one of its greatest fall in price but the price is somewhat stable now even and you saye right that we will witness how long the cryptocurrency sustains if this crisis extends on and specially for crona various day its mostly high position. 

[Tolani 174]

In some ways,  I would  say that cryptocurrencies are not determined by the current  global economical crises,  because despite the pandemic that is affecting the world, the prices of cryptocurrencies are still raising. 

[Furious valkary 495]

I don't think that that crashing after global economy will affect the progress of the cryptocurrency. 

As the covid-19 affected a lot of countries economy but cryptocurrency become famous in 19 and 20 because a lot of people understand the importance of cryptocurrencies due to economy crash.

[Afreen603 307]

.Thank you so much for useful topic.I agree with you that this situation of corona virus epidemic destroy all the economics of the world.The corona virus has negative and extremely bad effects on the global economy and in the part of cryptocurrency.

[Alishaaban 91]

I think crypto-currencies are will help a lot of countries to overcome economic crisis and create more economic stability in the country.

[Maths khaiya halailo 4]

and the amount of investment if they like to continue to adhere to digital currencies throughout the current economic recession and economic problems or if people give up their digital money and continue to invest in gold because it is more stable then digital money will lose its value but . We saw the price of bitcoin is decreased about $4000 since the pandemic started but now we're still encountering the pandemic but the bitcoin price are now stable to $7000-$7200.

[Ikram ali 313]

Global currency can prove to be very beneficial for all the world using crypto currency. If everyone will be intent on this by saying all we have to do is use crypto currency then it will solve many issues.Only by paying respect to everyone  money will fall into disrepair and it will not remain near any one idol and will go to all his countries and which will benefit for all world

[Al-mubin 301]

I agree with you that this situation of corona virus epidemic destroy all the economics of the world, and I think we will take some time maybe years to return to the normal situation, we hope they can control it in short time, but the second wave is around the corner..

[Chottisas 330]

I think must of the countries sofer from economic crisis,So the economic crisis solution is from cryptocurrencies world,And I think using cryptotalk will make economic crisis should be reduced, Even if economic crisis rise cryptocurrencies world sustain it.

[_maryspoppin_ 171]

Well fortunately now btc is at its prime regardless of the current situation caused by the pandemic. So hopefully the situation won't affect cryptoworld in a negative way in the future.

[Whizdon 441]

The current economic recession and economic problems or if people give up their digital money and continue to invest in gold because it is more stable then digital money will lose its value but I think it will recover quickly but after the end of the bad economic situation

[Razan alikac 1899]

The losses were great due to the Corona virus and it struck the country's economy, as all travel and tourism operations as well as export and import stopped, and cryptocurrencies have also witnessed a severe decline, but Bitcoin is the only one that has increased about 4 times since the beginning of Corona until now.

[Mishi Lorana 717]

On 4/13/2020 at 2:45 PM, Dmasked said:

The economy of the entire globe is on the fall. Even the biggest and strongest of the countries are sustaining heavy impacts on their economy as most of the economic activities have halted. Early during the start of the pandemic, bitcoin saw one of its greatest fall in price but the price is somewhat stable now even though the pandemic is at its prime. we will witness how long the cryptocurrency sustains if this crisis extends on.

The rapid increment of the Bitcoin rate shows that the BTC will never face crisis because it is the number one crypto coin. Also due to the lots of investors, it will never fail in my opinion. But, at the end, it is unpredictable.

[Zain Alee 898]

Yes, all businesses around the world are shutting down because of the Corona epidemic. And every country's economy has suffered a lot, but in the meantime, cryptocurrency has gained a lot of importance. The Corona epidemic is currently under control in almost all countries. And the epidemic is about to end, and now cryptocurrency rates may come back down. If that happened then we would all be in big trouble.

[taurus27 72]

Hi my dear brother, I think even though the global economy is falling the cryptocurrency can grab piece of wood to make it a better place in the economy. Because the Bitcoin halvening can happen so be careful about it. In my memory the last Bitcoin halvening happened in the December of 2019. So be careful.

[MalikHashi 726]

Yes my dear you are right and you are exactly right my dear. Virus affect the whole world and under develop countries more effected but I think this is the now this time btc at the peak and they earn more and more.

[Ikram ali 313]

Yes, this corona virus has greatly transformed the whole world and what is the most important of them is Underdeveloped countries  who is still making progress. This virus has proved to be very fundamental not just for humans but for everything and it has made all things possible. Due to this, a lot of people have had to suffer losses, in which America has suffered the most.