Interest is increasing in cryptocurrencies due to corona

[Jone20 0]

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

[Wilmer Garcia 0]

If there are some experts and analysts who say that the Covid-19 will end up favoring Bitcoin (BTC) and it will increase its value exposially

[Laboni 755]

It's not just because of Corona, but it's also increasing interest in cryptocurrency. Currently, many have left crypto because of Corona. But interest in crypto is increasing because of the government of every country now supporting crypto. That's why the demand and investment of crypto is increasing.

[magd 5231]

It is not a positive effect of the epidemic on cryptocurrencies, but a positive effect of cryptocurrencies on limiting the circulation of banknotes and transmission of infection in addition to the positive effect in providing aid to combat the Covid 19 virus.

[koussai999 1986]

1 hour ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

It may actually have some positive impact on it, but in general if the investment in this field declines as a result of the lack of money in the hands of people, the effect will be negative on the digital currency market even though I see that digital currencies are the near future 

[rekter 8129]

1 hour ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

Only thing on this i see affecting positively on some cryptos is the fact that people are questioning the value of money when there is more money printed then ever. With that people are looking for the storage of value as they see their fiat devalued sooner or later.

 

Also smart contracts could get a new boost when people want to find another ways to vote with some secure system.

[Zaino34 0]

You are right that you have increased dependence on digital currencies and reduce the use of paper currencies in order to reduce the spread of the virus in the world and this is an appropriate opportunity to increase the use of digital currencies

[Lover840 0]

2 hours ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

Yes the use of paper currency is reducing these days because paper money is being touched by millions of users which is why people are using digital payments method during this coronavirus pandemic. 

[kizz 3370]

This corona virus have a great impact in crypto currency and I think now is the time to invest to crypto. Also, as much as possible do not use physical money instead use crypto as your mode of transaction.

[Syed Al Mamun 876]

I think it's a continuous process i mean the interest about Crypto currency will increase day by day. Now it's increasing for lockdown situation for Coronavirous of the world. Now maximum people are staying at home and searching the on online the essence of Crypto currency.

[Ms.o 3322]

4 hours ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

I think so. Due to many are wary on using physical currency,that might ve the carrier of virus,they shift to crypto currency as an alternative and due to lockdown,where in many people are obliged to stay at home without work,they find crypto trading is the best solution for now to earn money.

[AmjadBydn 0]

Yes that's true and I think the due to staying at home at this situation with COV-19 !

this is a great chance for them to make profits while they are in their home !

[Cammer 4609]

8 hours ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

Corona Virus has affected the crypto market in a bad way and that caused the price breakdown of Bitcoin. Now, like you said more people are getting to know the field of Crypto currencies and using them for earning more money. 

[Honny143 13612]

My dear friend all countries are lockdown and people have no work to do in home, so they attracted towards crypto currency to earn money in home, because in ctypto field we don't need to go away from home to earn money, so now so many peoples interested to work with crypto.

[Zues 1069]

14 hours ago, Jone20 said:

The interest in the electronic currency market today has become a noticeable thing all over the world, in light of the widespread prevalence of the global coronary coronary disease (COVID-19), and concerns about the continuous quarantine and high unemployment rates.
People are increasingly interacting with cryptocurrency exchange services amid the continued proliferation of coronavirus.
Is this evidence of the clear positive impact of the epidemic on global crypto markets?

I think that may people is interested now on cryptocurrencies because they cant earn money now because of the pandemic. They are finding ways to earn money and they chose cryptocurrencies. 

[rianpedia 816]

The positive, the price of each coin will be cheap. there is our chance to buy coins with lots, although maybe the price goes up it is quite a long time but rest assured on each other's mainstay coins that the increase will still be there.

[jamesvince 2389]

I have different opinions regarding online and virtually currencies investment significantly loses investors due to corona pandemic and now if you checked capitalization of crypto market in few then more then 2.60$ billions and now currently capitalization of crypto market is only 1.76$ billions USD. 

[Dark_Sky 8489]

15 hours ago, magd said:

It is not a positive effect of the epidemic on cryptocurrencies, but a positive effect of cryptocurrencies on limiting the circulation of banknotes and transmission of infection in addition to the positive effect in providing aid to combat the Covid 19 virus.

Still the corona has an impact in price last month because it cause for the price of some coins especially bitcoin to go down. 

Gladly it now rising up. 

[George10 9932]

I also believe that the impact of the pandemic will have positive results on the crypto markets because many will switch to the use of  cryptocurrency as means of payment to avoid fiat funds that might be at risk of spreading the virus.

[bliznec 22268]

Many people today remain at home, locked up. Thus, they have nothing to do at home and they use the Internet. And where there is Internet, there is cryptocurrency.

[Whited35 15285]

Online purchase sites like Amazon and walmart are getting the huge benefits during this crisis time and I can also agree that popularity and utilization rates of cryptocurrency have been dramatically increased due to this pandemic of COVID-19. 

 

[Virgil dijk 1431]

Yes that's true, I think there is also a positive effect of this virus to cryptocurrencies, since many actually sold their coins due to panic , and now everybody is asked to sit at home and there is no other way of making money than working online, and cryptocurrencies is actually the solutions to working online, and this will make more people to join crypto.

[Nezar 7169]

What you say is true, and I agree with you that the Corona epidemic has had a positive effect on cryptocurrencies by making people start using this currency instead of the paper currency that can transmit the infection, and also the wealthy organizations collect donations through cryptocurrencies in addition to all the things that You mentioned it in your post This is very beautiful, as the crypto world has grown in popularity and knowledge of what it contains

[Zezo 306]

This is positive. The market will revive with the addition of new members. Liquidity and movement will increase, but we have not noticed this effect so far

[CryptoMaxim 3829]

Maybe the interest also remained. The fact is that a lot of people sit at home and who work with cryptocurrencies for this period are busy full day with the crypto world. Probably many are now trading.