Post
Topic
Board Altcoin Discussion
Re: Coronavirus is ravaging a large portion of cryptocurrencies. Is this permanent?
by
aemma
on 22/03/2020, 12:26:02 UTC
As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?

Am human so I can hardly predict but however from my own opinion and how things are working out, I would say it is not permanent. The reason is this, this particular virus is causing a devastating effects on the entire world to the extent countries are now imposing stricter rules to curtail its wide spread. Therefore with the current situation it is possible to assume that every country is taking steps to come up with a cure and at this rate, that shows there will be cure and this virus won't be permanent. With the virus gone or with the announcement of a possible cure for it, there will be a huge price turnaround in the crypto market as well as other markets while taking into account that emotions is one of the traits of the crypto market.