Global economy crisis and cryptocurrency

[Ayush Singh 1175]

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.

[Dark_Sky 8489]

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. 

[Pinkvilla 258]

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.

[Saboor 511]

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.

[Jahida 67 960]

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

[Wilmer Garcia 0]

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 

[Sunil kumar Behera 489]

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

[ETheHedgehog 3104]

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

[Treat1234 0]

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.

[P A Ashif 2409]

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.

[magd 5231]

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

[Hatred 1388]

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.

[Mcd0d0 5882]

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.

[Dark_Sky 8489]

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. 

[Cammer 4609]

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.

[pablomarwan 3082]

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

[Thekingcallme 1975]

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.

[Captain Karim 0]

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.

[issa123h 0]

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$

[vynz 540]

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. 

[Dark_Sky 8489]

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. 

[Whited35 15285]

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. 

[Dark_Sky 8489]

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 June 16, 2020 by Dark_Sky

[Nezar 7169]

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

[Dark_Sky 8489]

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.