Corona virus Effect on Crypto

[Sotherefore]

For the past two weeks now since the recent increase in the outbreak of the Corona virus in all European countries, the prices of cryptocurrency have actually been affected seriously.

Effects of pandemic on cryptocurrency was mostly observed during the early detection of gorilla virus around the world it has affected the price of bitcoins and other cryptocurrency seriously to the point that he drops to to the lowest as as possible, the effect made a lot of people to sell out their cryptocurrencies because they start believing that it will crash.

 

[Bousine123]

Covid-19 pandemic turned out to bring positive impact on crypto currencies investment as people are not allowed to move around to do their normal businesses, many invested in bitcoin and earned alot as the demand was high all over the world.

 

[greenie]

When the market was going bullish, a lot of people thought pandemic is helping crypto currency to grow, when the market was bearish and the pandemic was still there, people understood corona had noting to do with crypto.

 

[Sincerem]

It would be correct to state that the crypto currency gives an avenue for people to perform several buying , selling or trading activities without any need to make use of a physical commodity as a legal tender for the transactions and in this times a lot of businesses are currently accepting crypto currency as a mode of payment for the product or service they render.

 

[Bigron]

With the second wave of corona virus surfacing and various businesses limiting their productions and some shut down. What effect will this (corona virus) have on the cryptocurrency World? Will it affect positively or negatively?

I think the corona virus pandemic in its pomp increased th prices of cryptocurrency because cryptocurrency was being used more and more to pay for products and services instead of the normal offline method of payment

 

[GoldenLady]

In hindsight, the COVID-19 pandemic is one thing that singlehandedly disrupted the world's economy in 2019 to 2020. This effects are still felt now and things are just getting worse. Cryptocurrency has gone through a bear market with no end in sight yet.

 

[UsmanAmoyo]

In hindsight, the COVID-19 pandemic is one thing that singlehandedly disrupted the world's economy in 2019 to 2020. This effects are still felt now and things are just getting worse. Cryptocurrency has gone through a bear market with no end in sight yet.

But I guess the effect of covid 19 wasn't that negative on btc that time, it was during lockdown that it began rallying reaching it's all-time high in 2021 .
I think covid 19 had a positive effect.

 

[Laurentta]

I feel the corona virus pandemic will have a positive effect on crypto currencies, since most people are looking for online investment because most offline businesses are facing a lot of difficulty due to the pandemic.

 

[Georgeadawara]

The COVID-19 pandemic has affected monetary business sectors everywhere on the world, including that of cryptographic forms of money. In a select meeting with ETBFSI, Sankalp Shangari, famous Angel speculator who works intimately with FinTech firms, shares his view on how the account on Bitcoin will gradually change post this pandemic.

The Corona virus pandemic which eventually took place some years ago has really deal with the financial market which is also called the crypto currency coins.

 

[Sotherefore]

During the pandemic there was a serious crash in the price of all cryptocurrency, probably the fundamental reason could be that people were withdrawing their crypto savings for daily use as everyone was on lockdown.

 

[Imran_Noori]

With the second wave of corona virus surfacing and various businesses limiting their productions and some shut down. What effect will this (corona virus) have on the cryptocurrency World? Will it affect positively or negatively?

It had positive impact because most people didn't have any income so they were trying to find a good investment, and everyone turned to crypto.

 

[Joseph555]

many cryptocurrencies were falling in prices last year. They are speculations all over the world that the second wave of covid-19 virus might affect businesses, and also cryptocurrencies again.

 

[nana kwasi]

Covid, I believe, would be more supportive to cryptocurrencies related to gaming, enhanced social media, or digital services.
The world has been digitalized by Covid, thus it is only right that cryptocurrency is drawn to it.

 

[Sincerem]

As long as there is another luck down I am believing that it will have a serious effect on the price of cryptocurrency just like it happened during the first waves that everyone was on lockdown.

With the second wave of corona virus surfacing and various businesses limiting their productions and some shut down. What effect will this (corona virus) have on the cryptocurrency World? Will it affect positively or negatively?

 

[Skysaint]

I honestly think that this is old news because I don't suspect that it's the Corona thing that's affecting the cryptocurrency market but the inflation crisis the world's facing right now.

 

[ganibade]

The second time of covid-19 pandemic affected us alot because the rate at which dollar come down is highly terrible,this contribute to the decreasment of cryptocurrency world wide.

 

[Monster Masterpiece]

The second time of covid-19 pandemic affected us alot because the rate at which dollar come down is highly terrible,this contribute to the decreasment of cryptocurrency world wide.

The corona virus is like flu virus, it needs annual vaccination and it enters in our daily cotume and tradutions for leaving with covid-19 and also it is regular process not like from the start.

 

[Alisco]

Covid-19 as a global pandemic has greatly affect the nations economy due to the lock down strategy of decreasing the spread of the virus. Crypto currencies exchange is not affected negatively. Refer to Google 2020 crypto analysis.

 

[Ronny_4son]

With the second wave of corona virus surfacing and various businesses limiting their productions and some shut down. What effect will this (corona virus) have on the cryptocurrency World? Will it affect positively or negatively?

I think that the prices of cryptocurrency will always be volatile regardless of circumstances such as COVID-19. However, to suggest that it has not had an effect on the value of coins would simply be disingenuous

 

[Skysaint]

The second time of covid-19 pandemic affected us alot because the rate at which dollar come down is highly terrible,this contribute to the decreasment of cryptocurrency world wide.

I think this is very correct. I have always suspected that to be the reason why the cryptocurrency market is this way. Things were just going on well with the cryptocurrency market until the pandemic incident happened and the rest became history. I doubt if things can return the way they were.