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Global economy crisis and cryptocurrency

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Its right that due to this pandemic a well developed economy countries are facing heavy problems to sustain but while seeing the prices of bitcoin it states that it will be stable in this pandemic and will not fall much because there is a good rise seen in irs price.

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On 4/13/2020 at 11:55 PM, Sezar55 said:

My dear friend, yes, we have seen a lot of countries whose economy is declining and also the cryptocurrencies have decreased significantly due to this epidemic that stopped pumping and reduced the number of big investors

That's right many countries declined bitcoin and other cryptocurrencies which we think a bad idea for them. 

I know most of us hoping that all of those countries will accept it for them to receive some good benefits of having the cryptoworld. 

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Yes you are right in this situation most of the countries 

Economies has been decreasing and also currencies 

Also decreased but we have to wait for few days it will

Normal soon.

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Cryptocurrency is very strong and it has already resists the pandemic issue z the price has increased and it will continue to increase very high because it is time for bull run this year and we gonna expect higher run soon.

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At present the economy has shrunk a lot.  The Corona virus has now reduced the value of all cryptocurrencies and economies around the world.

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We have witnessed the economic problems that many countries have suffered because of this crisis and yet Bitcoin soon recovered something totally opposite to what has happened with the economies of the affected countries 

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Yes the pandemic huge effect on every country and also on cryptocurrency already it is struggling now and we can't predict when it will make some rise in the price of bitcoin we have to keep patience for this

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right now bitcoin has fully recovered from the crash, and now it's even showing signs of a bull run soon now that the haling happened

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During the covid -19 pandemic world economy face economic crises according to world bank if this pandemic continue upto 6 month the world economy will go into recession.

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There is a great pandemic going in the whole world. The economy is struct. I thought that it will affect the Crypto but I have not seen a significant affect in the Crypto I don't know the reason but my guessings goes wrong.

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Bitcoin has been able to resist the virus that infected the world, especially when it fell to the price of $ 4,500 less than the level of support and then returned to the price of more than $ 9,000 and thus he has passed the critical stage and will contribute to support the affected economies as well

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On 4/13/2020 at 5:45 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.

If this crisis will extend again, I think bitcoin will still suffer a great loss again. I think that it's value will be a dumped again. It is because it was the end of halving season so usually, bitcoin will drop the value again. So we are expecting that even the pandemic extends, the bitcoin will not pump unless there's a major event that will happen in the next months.

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19 hours ago, magd said:

Bitcoin has been able to resist the virus that infected the world, especially when it fell to the price of $ 4,500 less than the level of support and then returned to the price of more than $ 9,000 and thus he has passed the critical stage and will contribute to support the affected economies as well

Well, this is just happen because no one can worked from it's price, no one can managed it so that it falls already, also the stock market are being dumped by the help of this virus but the price of it is now getting recovered because the number of infected is now lessen and they're now able to work from it.

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On 4/15/2020 at 12:03 PM, deboprotap said:

yes friend for corona virus dangerous effects people are scared to trade in market,also people just tried to hold their fiat currency for survive.for that reason transactions are less,economy almost stopped in this situation.also we can see a dump in crypto market also.

The pandemic have a positive and negative effect where the negative effect of it some people can't use fiat money because they are afraid of getting the virus but the positive effect of it some people will use cryptocurrencies instead. 


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On 4/13/2020 at 12:45 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.

I have seen the great fall of all economies along with crypto currencies. However, Bitcoin stood back up after its biggest fall down one montu ago.

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We passed that ordeal that everyone wanted to be the end of the Bitcoin, those declines multiplied due to either people greed when they limited the economy of countries or the movements of bears and whale owners were on the forefront. She does not want assurances, but she left many crises and led many of us to a great loss. Now if you were among those who took advantage of the opportunity, you reap a lot and this is a good opportunity to increase profits


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In light of these difficult circumstances the world is going through due to the Corona virus, Bitcoin is still resistant and stable, and this is evidence that it was not affected by this virus negatively.


 

Life is great and enjoy it

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The reason why cryptocurrencies are affected by the economic crisis resulting from the spread of the Corona pandemic is that most cryptocurrencies have economic projects, and these projects have been affected by the spread of the Corona virus.

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On 4/13/2020 at 12:45 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.

I think that the global economy has returned to recover again, as we have begun to see a significant improvement in the reality of Bitcoin in a big way bitcoin now about 10000$

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On 4/13/2020 at 5:45 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.

Global crisis is one factor the the price BTC dropped since global exchange is based from the economic activity of the world. if the world's economy is bleeding due to the pandemic then the cryptocurrency will drop also since stocks values are dropping too. 

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On 5/6/2020 at 9:30 AM, Whited35 said:

It's been seen that pandemic made cryptocurrency the another victim. Due to global economy crisis, cryptocurrency has been also badly affected here. I think it still needs sometime to be in the recovery phase for the cryptocurrency in this world. 

Gladly the effect of pandemic is finally over and the price already back to normal which is a good sign that possible for bitcoin to reach more than 10000$ this year. 


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3 minutes ago, Dark_Sky said:

Gladly the effect of pandemic is finally over and the price already back to normal which is a good sign that possible for bitcoin to reach more than 10000$ this year. 

@Dark_Sky Friend, I do not think effect of pandemic to the cryptoworld is over, impact is still seen as crypto market is still struggling for the best possible moves. Bitcoin halving event is done but price is not increasing significantly in the markets, if there was no pandemic I think case would be utterly different now. 


 

 

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On 5/23/2020 at 5:49 PM, Mayanour said:

My dear friend, the virus has affected many areas, especially economic ones, and most countries have witnessed this decline, and the crypto currency market has decreased dramatically, and because most people during the epidemic keep paper currencies instead of trading digital currencies

That's right but we can see that the bitcoin finally healed from the effect of pandemic which is really a good sign that it may possible to raise the price more than 10000$.

Edited by Dark_Sky

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Corona virus had a very big impact on all countries of the world and its own economy as the world economy witnessed a very big crisis due to the cessation of all companies and factories from working in addition to that the cryptocurrencies were also affected by the epidemic and witnessed a significant decline in prices and this decline was when the virus reached its peak inside China, but fortunately, China has recovered from the virus once and for all. This has led to the recovery of the cryptocurrency market and the gradual and slow rise in prices. The price of bitcoin today reached $ 9,500, while the price has decreased to $ 4,000 a while ago and everyone expects the price to continue to rise until it touches $ 15,000 and more

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On 4/15/2020 at 7:42 PM, DavCrypto said:

I think Bitcoin is still holding relatively strong, its downside is very acceptable compared to the global economic meltdown, I don't think it might fall any further, in my opinion it will return to rise soon.

That's right it really impossible for it to down for a very long time although it encounter some problems that's why I can say that bitcoin will survive and will rise in the near future. 


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Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
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    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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