Do you think that the global pandemic and the associated vaccine costs could affect crypto prices?

[btaliat]

It will surely affect. The pandemic left no sector untouched snd cryptocurrencies are not of different. So I won't be surprised if their is changes in the price of cryptocurrencies due to the pandemic.

 

[Ifective]

I don't think pandemic can in anyway affect crypto to a long extent. It is only going to affect those who buy tokens from their salary that they might not get due to the pandemic. However, there are a large number of persons in cryto that is not affected by the pandemic at a ll

 

[Senator]

I doubt it very much that the global pandemic will affect or even have anything to do with the price of bitcoin presently or in the nearest future

 

[Richard92]

The global pandemic has affected all rounds of the economy and cryptocurrency market is not exempted and I also believe that the cost of the vaccine can also affect it.

 

[Shigobad2020]

With the pandemic that the world has been facing there has been a lot of finances that have been dedicated to the treatment of this virus and rightfully so. Thankfully there is now a vaccine for the virus that is hoping to be able to contain the virus, however this can be quite costly to manufacture and purchase for the various different countries. As economic resources are pulled towards the development, distribution and manufacture of this vaccine, do you think that this will pull away future investment into the crypto world, and if this is the case then what do you think the effect on the price will be?

Less money to invest in crypto may cause a price reduction, especially since this vaccine could set countries back financially in order to procure it. However, there are also many donations that are being made. What are your thoughts on this?

Its possible for the global pandemic and vaccine cost to affect the price of crypto currency because the price of everything has been inflated even the vacvine for the pandemic is high, so its possible its affect crypto price ,
I realised litecoin price has decrease since the past 3days, its affected the litecoin in my wallet.

 

[Anna52]

The pandemic has affected business at large there are a lot of negative effect on many business already and people are still finding a way to boost up their business. Definitely it will affect crypto.

 

[Abbeyola]

With the pandemic that the world has been facing there has been a lot of finances that have been dedicated to the treatment of this virus and rightfully so. Thankfully there is now a vaccine for the virus that is hoping to be able to contain the virus, however this can be quite costly to manufacture and purchase for the various different countries. As economic resources are pulled towards the development, distribution and manufacture of this vaccine, do you think that this will pull away future investment into the crypto world, and if this is the case then what do you think the effect on the price will be?

Less money to invest in crypto may cause a price reduction, especially since this vaccine could set countries back financially in order to procure it. However, there are also many donations that are being made. What are your thoughts on this?

I don't think the vaccine for the immunizations of Covid-19 will not affect the price of the digital currency, because it is not budgeted on it.

 

[Fizzy_boi]

Honestly if the global pandemic and vaccine cost can affect market cost of things it should be able to affect crypto currencies and other related. Financial prices went down so crypto currency might as well be affected .

 

[Dowenship]

With the pandemic that the world has been facing there has been a lot of finances that have been dedicated to the treatment of this virus and rightfully so. Thankfully there is now a vaccine for the virus that is hoping to be able to contain the virus, however this can be quite costly to manufacture and purchase for the various different countries. As economic resources are pulled towards the development, distribution and manufacture of this vaccine, do you think that this will pull away future investment into the crypto world, and if this is the case then what do you think the effect on the price will be?

Less money to invest in crypto may cause a price reduction, especially since this vaccine could set countries back financially in order to procure it. However, there are also many donations that are being made. What are your thoughts on this?

We never can tell. Money invested in crypto currency increase price not reduces because the higher the demand the higher the price and vice versa

 

[BrolySSJ]

We never can tell. Money invested in crypto currency increase price not reduces because the higher the demand the higher the price and vice versa

This is true and that this is the double edged sword of a decentralized market, because large holders can have extreme effects on the market. Such as if they begin to sell to supplement their lifestyle during a pandemic such as this one.

 

[Sincerem]

No, that wouldn't affect the crypto prices, because not everyone is contributing for the vaccine to cure covid19. That's responsibilities of the government to provide therapeutics and diagnosis to safeguard lives and properties. So whales will still be investing and other investors to pump the price of the coins higher.

 

[Setfragil]

The pandemic actually affects a lot of businesses and jobs as many of them are either on total lockdown or partially operating which will definitely reduces sales. When businesses do not operate, most people who are supposed to invest in cryptocurrencies will also not be able to do so due to lack of funds. As a result of this, there might be a slight changes in the price of cryptocurrencies.

 

[Sincerem]

The pandemic actually affects a lot of businesses and jobs as many of them are either on total lockdown or partially operating which will definitely reduces sales. When businesses do not operate, most people who are supposed to invest in cryptocurrencies will also not be able to do so due to lack of funds. As a result of this, there might be a slight changes in the price of cryptocurrencies.

It has casted lasting doubt and tension around offline business. It will take time for the offline business to gear up and sell in a large medium. Unless corona virus disappears entirely.

 

[Ralphjoe]

In my opinion, there is absolutely no correlation between the price of cryptocurrencies and the economic growth infact when the economy is bad, that is actually the time that the prices of cryptocurrencies tends to increase because most people tends to move their investment from the normal economy to the cryptocurrency as they trust it more than the economy that is down.

 

[Dowenship]

This is true and that this is the double edged sword of a decentralized market, because large holders can have extreme effects on the market. Such as if they begin to sell to supplement their lifestyle during a pandemic such as this one.

Yeah! This happen 3days ago with xrp in which within a min the price dropped heavily and rises instantly. I later found out that is the work of whales in the market

 

[BrolySSJ]

Yeah! This happen 3days ago with xrp in which within a min the price dropped heavily and rises instantly. I later found out that is the work of whales in the market

This is the concern with whales in any market, and this comes back to the dogecoin market as well, because there will be a major whale sell off soon when the price reaches a desired level and this will lead to the coin dropping in price, just like ripple.

 

[GIFTMICHAEL]

This is the concern with whales in any market, and this comes back to the dogecoin market as well, because there will be a major whale sell off soon when the price reaches a desired level and this will lead to the coin dropping in price, just like ripple.

Lol, that is normal when it comes to crypto investment. They just want to pump the price of dogecoin so high and sell off to make their own gain. Then start buying again when it went down.

 

[ahmedo24]

This is the concern with whales in any market, and this comes back to the dogecoin market as well, because there will be a major whale sell off soon when the price reaches a desired level and this will lead to the coin dropping in price, just like ripple.

You have a point but it's also important to note that every whale has their desire price and most of them don't fix the same price as their desire price that is why we see flauctuation in the market some decided to sell their doge coin when the prices is $0.6 dollars somebody may decided at $1 some $2 etc

 

[Holluwaphemmy]

The global pandemic called the Corona virus disease covid-19 has shaken the world and it has shaken the world economy

 

[BrolySSJ]

You have a point but it's also important to note that every whale has their desire price and most of them don't fix the same price as their desire price that is why we see flauctuation in the market some decided to sell their doge coin when the prices is $0.6 dollars somebody may decided at $1 some $2 etc

This is true. There are some whales that will set very high selling prices for their coins and hope that the sale happens, and will benefit them greatly. Whereas other have low prices that they want to sell at. However with each sale the chance of higher sales value whales selling their coins gets lower and lower.