Global economy crisis and cryptocurrency

[Cryptokool 14]

I think we are still waiting for the real covid crisis in financial markets, crypto will be safe heaven for investors

[ahmednasse 27]

Yes, the Covid 19 virus affects the entire world, and I think that cryptocurrencies have a big role in the coming period due to many problems in the global economy

[Arpit Gupta 581]

You are absolutely right. The corona crisis affected the economy of almost every country a lot. The economy has decreased so much. The price of bitcoin has also decreased about 4000$ and now this is very hard to recover it. 

[Dormilon 2183]

Cryptocurrencies, especially BTC, have made my country not have suffered a more devastating crisis than what surrounds it at this time, in a broken and suffering country, Venezuelans have found that path of light in cryptocurrencies that has helped us to not die of hunger, even when the roads are hard, we have been able to overcome obstacles thanks to the use of this monetary source, that is why we are one of the countries that most uses this means to trade, in the future it may become a daily way exchange, we even have a digital currency, although centralized and little used, we are proud to use cryptocurrencies as a rescue to our crisis and we will continue to do so. I do not imagine that it would be from Venezuela if cryptocurrencies did not exist.

[lclaudioh 36]

When this post began the crisis was at its peak and bitcoin at just over $4000, today that the crisis is more advanced bitcoin is at $10,000, I would wonder if the bitcoin crisis has been good or what has happened. The price has doubled.

[egosergey89 44]

the global financial crisis is just around the corner, a snowball of debt has already formed, bond yields are zero, the stock market goes up again before the US elections, and then a global fall and the only place where there will be good returns will be the cryptocurrency market and a lot of money from funds will pour here  ...

[callmelost 52]

All over the world, the crisis, however, for people who invest in bitcoin this will not happen, I think

[Adam adam 276]

All eyes at the moment are on the Russian vaccine, if it is successful, we can see a strong mutation like the 2017 mutation.

[v8088 16]

Everything must go down to the bottom a long time ago but USA is "printing" USD.

I think the end will start after the ellections in the USA.

[el_caxper 25]

The pandemic that has affected the world this year has been very negative for the economies. I believe that those of us who invest in cryptocurrencies have been able to dedicate time and obtain some profits.
 

[Amr Abdelbaset Dahy 23]

In fact we all know that the world suffers from a big crisis which influenced the economy of the world. Also the cryptocurrencies has been influenced 

[Yogidon712 132]

I think as the pandemic ends we can see an increase in price of bitcoin how ever since the huge drop bitcoin has managed itself well and has recovered a bit bit i still think it would go around 15k$ by the end of this year , bitcoin has been stable over this price for quite some time now but i have an Intuition that by the end of the year bitcoin can see a huge pump which may be followed by a slight dump too, but overall at the end it would be a net pump.

[Abdulaziz77 239]

If we talk about cryptocurrency, then there have not been any strong drops in price, except for Bitcoin, but it has already returned to normal.  So the Pandemic did not have any strong impact on crypto prices.

[ugurgl 105]

cryptocurrencies are beneficial because the world economy is a formation of the consumer community that creates money due to its potential to shop and cause an economic crisis, because crypto coins that provide hope to many people with easy and fast transaction options continue to rise in every crisis.

[mgpg 31]

Authors point out that cryptocurrencies appeared due to the global crisis. Therefore its
 impulse or decline have been due to this type of situation. But we must not forget that 
particularly in the crisis generated by the covid-19 pandemic, cryptocurrencies have had 
an important participation, the demand has increased, becoming an option to generate income
 for people who have been affected by the wave of layoffs.

[Mike1515 2977]

I think adaptability of the same is really important and so today we have to check at what happens to the global economy, does it affect the economy of the structure of the crypto currency , so today I think it does not.

We need to realy be sure of what would be the best idea today of working in the different strategies that often tend to put up everything in the right direction we are always suppose to really create something in every area we follow 

[rakimus 58]

This is exactly what you just said my friend, but it is only a storm that will pass with the minimum of damage.
The world economy has experienced several crises but each time it gets on its feet. So, I see that it's not worth dramatizing. As for cryptocurrencies, this is only the beginning; they have to face several crises in order to assert and prove their strength to last over time.

Edited October 9, 2020 by rakimus

[Blabla 17]

I think that cryptocurrency is going to sustain the next possible (I hope it will not happen again) crisis, because there are going to be a lot of members on trading platform who want to have a good profit during difficult times

[St3lmaPl 78]

Cryptocurrencies themselves are not very stable, and there is no point in looking at them.
The virus has affected a lot of industries, and people will deal with this for a long time, but if we take the IT sector, objectively it suffered less than the rest.

[Matias Conforti 89]

I believe that Bitcoin is a very important haven of value, especially in my country (Argentina), since it is a safeguard from the inflation of local currencies and provides the security of being a global project

[its.cryptologic 163]

Yes the economy has struggled lately, and the price of BTC reflected. The strength and growth currently being seen by BTC is strongly supported by the inflation and devaluation of traditional FIAT currencies. Apparently the US printed more money this year then in the entire previous 10 years. Something like this could never happen with cryptocurrency, unless of course voted for by the community.

[Foysal2020 459]

I agree with you that this situation. Of course my friend you are right this virus has spread all over the world has been able to control it china company they are renewing it again.

[jonasma 68]

I think that we are very close to a financial crisis because the FED is inflating the messages at the point of printing excessive money and without support, but the DEFIs are the solution for this monopoly called BANKS. People want to have control of their own money without need for intermediaries and be able to have secure and transparent transactions.THE BITCOIN IS A FINANCIAL REVOLUTION

[avgplaya 97]

On 4/13/2020 at 4:45 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.

Fortunately, the world still survives the pandemic, as it has survived other historical epidemic crises and I think that this crisis will strengthen the crypto system, because in this recess ordinary people had time to get to know bitcoin and the crypto world.
Bitcoin will strengthen and the world will see that another economic system is necessary, which reduces the gap between rich and poor.
After this break, better things come, the mistakes made previously will be forgotten by new projects, protocols and designs. The blockchain and cryptocurrencies are just gaining momentum. What do you think?

 

😎 ♥️ 👻 💪 📈

[holyguaca93 30]

I think this is a good time for cryptocurrency. We have already seen good growth in Bitcoin. If the second wave of the pandemic begins, then Bitcoin may rise again.