Global economy crisis and cryptocurrency

[Jaafar Fahad Hassan 114]

The virus has caused more harm than good, affected the whole world , infact even the developed nations had struggled in this pandemic, I wonder the kind of struggle the under developed countries will be in, may God have mercy on us all

[None1488 0]

Hey, can somebody help me out, how is it to enter code to get free 1700$ for registering?  Do I need to have coins to enter my code to not?

[Jaafar Fahad Hassan 114]

I pray  that this disaster end in the summer and life will return to normal. It really affect the price of crypto currency and lot of things in the market because nothing was running , 

[Tolualive 116]

On 9/12/2020 at 6:05 PM, lharost said:

That drop that you saw was just a plan to shake out retailers for one last time before the big move up, I remember when bitcoin after touching 3k got to 4k$ or 5k$ people were saying it's just a trap and it's going for lower than 3k but that did not happen obviously and the reason for that is crypto by it's very form is (and should be) unrelated to world crysis because it's an asset that has nothing to do with the government and during the pandemic you would only need an internet connection to transfer money remotely while if you wanted to make a bank transfer of larger amount of money you would face many restrictions to do that in your house without having to visit the bank physically.

 

You got to keep in mind crypto just like gold gains even more value by the crysis because the demand for it is going to go higher and higher and that higher demand always lead to higher prices.

You are right,the higher the demand of a coin,the higher the price.economy crisis doesn't affect cryptocurrency because its decentralized (digital money) not fiat money.so I see it affect currency negatively I.e Forex(foreign exchange) and have positive effect on cryptocurrency.

[yonkii 3205]

The crisis and the virus was scary and investors were shook and sold very low but prices made it back and are looking good right now which is perhaps a good thing. I read that the halving is increasing the price of bitcoin and wait to see if this has result or not.

[Sugibengi 390]

On 4/13/2020 at 4:45 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.

Yes, we will see how long the cryptocurrency market can survive with the global crisis like now. If the cryptocurrency market can last long, this will prove that the cryptocurrency market is not affected by the global crisis and various types of politics that exist in all countries, I am optimistic that the market will continue to survive and will prove that cryptocurrency deserves to be the best financial market today.

[cryptovlek 2597]

Global economi has not escaped the problems of the covid and there may appear again as high unemployment and inflation may appear in some places or in all. With crypto we can't know what will happen but there is a case that prices will rise a lot so we keep some of them as backup.

[Fixfin 2569]

Bitcoin had no problem and at the beginning it dropped a lot but there were many people waiting to buy and price recovered very well because there was the halvening too that is a major event happening every four years. We have to be aware that another crisis is coming and all cryptocurrencies may drop a little or a lot but Bitcoin and some more will recover again and be more strong. 

[SuperCrypto 7193]

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 despite the crises that the world’s economies face as a result of the spread of the epidemic, the Bitcoin currency continues to rise significantly and reaped many gains, as it proved to be a safe haven during the precautionary measures taken by countries to confront it.

[seocrush123 11]

Will more people using bitcoin during this economic crisis? The answer is nobody knows. 99% people do not know what cryptocurrency is. 

Will cryptocurrency become the sustainable currency without bank? Also, nobody knows that, because it is too early to summarize what is going to be in the future with this global pandemic.

Bitcoin will stay where it is for now and ongoing. For those who can benefit cryptocurrencies by trading them, it will be their advantage to survive in the jobless situation.

[Alimhana930 1605]

Crypto is one of the least affected markets, and it absorbed this shock and quickly returned to recovery, and this matter is unlike the rest of the markets, some of which have reached the breaking point and fell freely from its top Consequently, the crypto market became considered a safe haven for financial investments, and this is what we see from most of the money going to it.

[Nafiaaaa79 111]

The crypto market is in a good state at this moment. When the COVID-19 started,the condition of the crypto & global market wasn't in a good condition. But it has come to stable state at this moment.

[Sarahden111 1231]

The markets of the other world are all physical markets that are tangible and in direct contact with reality, and thus their influence is natural to the various events that take place on the ground time, unlike the crypto market, where it is affected very little and simple, and even this influence in it is due to the fear of traders or storekeepers of currencies, so cryptocurrencies are the best place to invest in the era. It is current and at all times its decentralization gives preference to that.

[Neoneonovich 116]

Well, I'm not worried about the strongest economies, but with the countries of the second and third world, significant problems may arise.

[WALED 012012 5]

Bitcoin is considered one of the best digital currencies

 

 

 

 

[Essaouira20 210]

This crisis is not from today it are proces and things that going on for years and now reaching its peak.

[Vilson25 6]

The cryptocurrency market still depends on the market for commodity production. My opinion is that a decrease in the volume of production will lead to a drop in cryptocurrency rates. It's a matter of time.

[Belal sy 10]

EVET دوستم، والفيروسات هاء küresel ekonomik sektörler sonucu borsalarda yaşanan kayıplarla، الفقرة dijital birimlerine dayalı "akıllı işlemler"، küresel EKONOMI için بير Cankurtaran للolabilir، bunların أون önemlisi، dünyanın piyasalara جوفين لقد finansal likidite dönüşü için zamana ihtiyacı فار، çünkü COK fazla yerel الفقرة kaybedecek. Mevcut değeri Corona'dan kaynaklanıyor

EVET دوستم، والفيروسات هاء küresel ekonomik sektörler sonucu borsalarda yaşanan kayıplarla، الفقرة dijital birimlerine dayalı "akıllı işlemler"، küresel EKONOMI için بير Cankurtaran للolabilir، bunların أون önemlisi، dünyanın piyasalara جوفين لقد finansal likidite dönüşü için zamana ihtiyacı فار، çünkü COK fazla yerel الفقرة kaybedecek. Mevcut değeri Corona'dan kaynaklanıyor

نعم يا صديقي ، مع الخسائر في أسواق الأسهم نتيجة الفيروس والقطاعات الاقتصادية العالمية ، فإن "المعاملات الذكية" القائمة على العملات الرقمية قد تكون شريان الحياة للاقتصاد العالمي بسبب عدة اعتبارات ، وعلى رأسها أن العالم يحتاج إلى وقت قبل عودة الثقة والسيولة المالية إلى الأسواق ، كما أنه سيفقد الكثير من العملات المحلية. قيمته الحالية ترجع إلى كورونا

5 minutes ago, Belal sy said:

Yes, my friend, with the losses in stock markets as a result of the virus and global economic sectors, "smart transactions" based on digital currencies may be a lifeline for the global economy due to several considerations, foremost among which is that the world needs time before the return of confidence and financial liquidity to the markets, and it will also lose a lot of local currencies.  Its current value is due to Corona

 

Edited October 5, 2020 by Belal sy
I wrote the post in Turkish

[babaji 1228]

Well, the post was written in april, and now its October. Bitcoin has not just withstood pandemic, but is flying now. Priced at 11k at present it is doing very well, and by all signals, bitcoin is poised for a bullish run, which would so good to all the investors. 

[godislovefll 1880]

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

La economía de todo el mundo está en caída. Incluso los países más grandes y fuertes están sufriendo fuertes impactos en su economía ya que la mayoría de las actividades económicas se han detenido. Al principio del inicio de la pandemia, bitcoin experimentó una de sus mayores caídas de precio, pero el precio es algo estable ahora a pesar de que la pandemia está en su mejor momento. seremos testigos de cuánto tiempo se sostiene la criptomoneda si esta crisis se prolonga.

The economy has been shaken by the pandemic, but as soon as it ends, everything will return to normal. With regard to cryptocurrencies, which are little affected is because many people continue to invest their capital and generate passive income in the face of the situation we are experiencing.

[julioespinoza07 52]

It is true that the world economy has been collapsing, not only because of the virus that has been hitting the entire planet, but for me the world of cryptocurrencies will overcome all these obstacles, and will continue to last for a long time.

[Tdk 50]

In a crisis, I believe that cryptocurrency will also suffer, since it is tied to the world currency, and without the world currency, cryptocurrency will stagnate

[lyudkic3008 30]

Unfortunately, the financial system depends on many factors.  Whether it's a pandemic, or cataclysms or wars.  Everything is interconnected.  But as we see, the price of cryptocurrency has returned to its place and even increased, so there is nothing to worry about.

[botukk1234 38]

I believe that cryptocurrency should become more popular due to this pandemic. People sitting at home can easily make money without difficulty, if, of course, they are professionals.

[Carleinys 23]

Nobody was prepared for this crisis, cryptocurrencies fell at first, and although there were people who decided to take advantage of the moment and invest, there were also people who lost money. However, today, in actuality, we could see that not only did bitcoin withstand the blows, but that it rose better at a price of almost $ 11,000