The fall of crypto currencies

[muradalam837 4]

Cryptocurrency falling don't mean it would crash, cryptocurrency can never crash, it is just depend on investors involves in such cryptocurrency either they are buying or selling and the world would soon go decentralized where fiat paper money won't be of use again.

[polobkhan 532]

If there is no supply and demand then it would be difficult for crypto currencies to run. If the world is in a crisis. I am sure that would affect every other thing because people are the ones that are investing in Bitcoin. In the case where there is no one then I think it would be stagnant.

[migeljah 537]

Yes to some extent, Crypto market was badly affected by Covid-19 and not only Crypto world but even global economy too was collapsed. But as of then instead to relent my efforts and the determination of making through Crypto currencies system it rather increases. We're I was able to accumulate much more BTC and ETH at very low and affordable value. This today give me a  chance of making double profits

[Aliraza2 318]

The prediction about crypto currency are wrong the income from it is very huge now a days many persons become rich of using cryptocurrency and mostly bitcoin the value of bitcoin in starting in just in the left of the and under the one now it is up and cross 37000$ that is amazing and out of mind and it will go to the millions of dollars in future.

[Naseer Ahmad78 721]

Due to Coronavirus, a lot of businesses have been closed and due to this Bitcoin price has come down a bit but we will see in the coming days due to increasing bit coin demand its price will increase and whoever holds it will be able to earn a lot of profit by sharing it.

[Samotokika 1780]

On 4/15/2020 at 10:35 AM, Dmasked said:

In the past many of the critics and experts have predicted and presented various scenarios where bitcoin and other crypto currencies might fall and lose their value. But lets assume a real life scenario prevailing right now. The world is struggling with a global pandemic that has degraded the economy of strongest of nations. Lets imagine that the situation escalates more and the global economy falls to ruins.

 

Will it be the fall of crypto currencies as well ?

 

Crypto currencies are decentralized assets which derive all of its value from the demand and supply from its users. If the economy itself collapses then people would no longer have the resources to invest in crypto currencies. If a situation like that arises where the world struggles from poverty and depression then surely the digital assets might lose their value as well. People would no longer have money to put into crypto and in such case what will stop the fall of crypto.

 

Are my speculations logical or just my nightmares ?

dude cryptocurrency are not Falling they are increasing day by day and it all depends upon the demand and supply of the currency which is now much popular among all the people so its value become higher day by day.

[Quickbee 26]

Though there is no direct connection between Crypto world and the other financial market, an all round collapse and a downturn in the economy will also affect the Crypto world.

[BhenGhix 804]

It will be very sad and depressed to experience or witness this sort of incident.

Nevertheless, we the members will be doing the possible and needy activities required by us so as to retain and preserve the forum.

[Ali Rao 161]

I don't think so, mostly people and other members think that there is a fall of crypto currency but that's not true. And i don't want that, it will never happen the price of coin will never get low. Thank you

[susan8929 811]

I think that the pandemic only affected Bitcoin one day, but then it helped him to go up quite a bit. That day I think that btc fell because of panic, but then it recovered also because halving was coming and it seemed that that would help it get out of the bear market that had been going for more than two years at that time.
This proves that btc is a great help in moments of tension and uncertainty. It may not be a safe haven asset like gold, but it is a good investment to guard against a falling dollar.
 

[Nupeboy 627]

For me I don't believe what the experts has said about cryptocurrencies that it may fall why because if people are still using cryptocurrencies in the world then it will be difficult for it to fall down 

[Farukatie 1271]

You are right that sometimes it becomes many critics in cryptocurrencies and the situation of cryptocurrencies become very critical and their price goes very down but we should not got worry about it after some time it's price will rise again and you can get good profits from it.

[Jidson 252]

This is true mate. Covid 19 pandemic has caused a lot in the economy of the countries and this is having a negative effect on cryptocurrency trading and investment as there is no enough financial resources people can use to invest on cryptocurrency and this has been affecting the cryptocurrency coins falling in price.

[AL SHAIMON 1293]

Crypto-currencies price are too much hard to predict. Market can goes down at any time. You have to buy or sell at right time. Recently bitcoin market hit 40k. But now it’s going down. I think it will down more and more. We have to wait for right time.

[Arratee877 272]

Bitcoin is falling presently from the highest it has recorded in this year of $40135 to resistance value of $35285. The dropping is too fast to the extent to weakens the fate of trader but nevertheless it's a moment that a person has to understand the situation before to take further decision of dumbing or hold

[Waseem jabbar 185]

Yes , sometimes it becomes many critics in crypto currency but i don't think experts has said about crypto currency rates .so 

[Malik Abdullah 376]

I think crypto currency will not fall in future. Crypto currency is a strong field and a small field that's why this will not happen again. I trust in that the rate of bitcoin will soon become high in the market. 

[Roman Wickler 1021]

Cryptocurrency price are really too much hard to predict.  No one can make exact predict. Market can goes down any moment or rise high . You have to buy or sell in the right time to make profit. Bitcoin price is also dropping.  It will go down even more. We just have to be patience. 

Edited January 11, 2021 by Roman Wickler
Type mistake.

[zagzag 320]

I think the decline can continue up to $ 33,000. It would not be wrong to expect $ 33,000 in Bitcoin for now. This is again a very small correction on the general scale, but you can stop before or after that, depending on your trading strategy. 33k is a good boost for now, don't be afraid to stop. It's not the end of life

[Ameralsamt 2558]

Dear, I don't think cryptocurrencies are linked to the global economy, they are of course liberated and not centralized, and I believe that cryptocurrencies in the midst of the Corona pandemic will become more popular as traders increase. 

[Flash009 345]

Yes, the situation does not rest, but I think it is a period and the cryptocurrency market is recovering. It was the least affected by this global crisis and it is assumed that human security is no longer the opposite. 

[Lokeloke 576]

On 4/15/2020 at 6:35 AM, Dmasked said:

People would no longer have money to put into crypto and in such case what will stop the fall of crypto.

Even those that have will withdraw theirs to survive, since everyone will be withdrawing then the value of cryptocurrencies will be dropping drastically 

[milyapsak0901 693]

I don't think it's possible. Cryptocurrency is becaming more famous every year and governments start to join this world. Of course nothing is impossible but it's very hard. I think everything is going good for crypto's. I beileve in the near future more people will join crypto world.

[Wanderdark 2178]

The currency gains significance as long as humans give them significance and throughout the history of mankind, men always gave value to something to be used as currency.

 

The importance of limited supply assets gain even more significance in these crisis times so I believe Bitcoin and Gold, Silver etc will get even more increased in value if some global collapse happens.

[selfmade 7]

There has been many things which have happened to bitcoin and other cryptocurrencies including the breaking out of corona virus but biotin until now it has proven strong unbroken and immune to any factors that could affect and take it down for good.