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[hibi3454]

Hey there everyone,

Although the epidemic forced large parts of the global economy to come to a stop, the crypto community was very well positioned to tackle the catastrophe. Crypto businesses have already been responding quickly to these developments due to a completely distributed and decentralized business approach, moving to truly offline operations without compromising profitability.
The Coronavirus-inflicted financial meltdown, on the one hand, had a strong effect on many crypto companies that were dependent on crypto values and were left in survival mode. At the other hand, crypto platforms took advantage of the uncertainty and trade volumes jump.

What other ways can you guys think of that the virus affected Cryptocurrency?
Thanks for Reading!

 

[Brain]

I think this pandemic brought a rise in the price of Bitcoin as a lot of people begin to invest in it thus forcing demand to outweigh supply leading to a price rise but it still good because it's shows people are becoming more aware of cyptocurrency

 

[Equinoxx]

This has brought to the surface many scammers as well despite a heightened activity in cryptocurrencies.

 

[silentwatch]

This pandemic will bring fiat money to museum and replace them with digital money. Very risky because we do not have the real thing, is just number in our smartphone's screen or other gadget...

 

[SCAMEXPOSER]

The pandemic could make lots of people to know more about bitcoin and other crytpo currencies due to the fact that lots of people are less busy and they read more on the internet as for the price hike I doubt if it the pandemic that is responsible for it

 

[microunit]

The pandemic could make lots of people to know more about bitcoin and other crytpo currencies due to the fact that lots of people are less busy and they read more on the internet as for the price hike I doubt if it the pandemic that is responsible for it

I agree . But i think the pandemic has some contribution to the price hike as people stay at home they arr inclined to earn at home . And actually some exchanges reported increased btc usage and transaction during the starting months of the pandemic

 

[Brain]

I agree . But i think the pandemic has some contribution to the price hike as people stay at home they arr inclined to earn at home . And actually some exchanges reported increased btc usage and transaction during the starting months of the pandemic

Yeah there's price hike here which isn't funny with the economy.but it has really helped to make more people invest in Bitcoin because of the compulsory lock down

 

[Rassy011]

Yeah there's price hike here which isn't funny with the economy.but it has really helped to make more people invest in Bitcoin because of the compulsory lock down

Yeah people are not only investing in Bitcoin, other Crypto currency like ethereum are now slowly gaining grounds and becoming more popular due to this pandemic

 

[Brain]

Yeah people are not only investing in Bitcoin, other Crypto currency like ethereum are now slowly gaining grounds and becoming more popular due to this pandemic

It seems the lock down really helped the crypto world in the bid for people to search online for a means of making money they were able to discover more about crypto and also invested in it.

 

[Rassy011]

It seems the lock down really helped the crypto world in the bid for people to search online for a means of making money they were able to discover more about crypto and also invested in it.

Yeah, the lockdown really drove up the use of Crypto currency around the world, Well it seems covid 19 has positively influenced crypto currency

 

[Brain]

Yeah, the lockdown really drove up the use of Crypto currency around the world, Well it seems covid 19 has positively influenced crypto currency

Well, with the high investment by people has recorded in the cypto world we can conclude that the pandemic has positively influenced it.