Quote from: Ashong Salonga on March 31, 2020, 06:34:42 AM

Quote from: Doranile432 on March 22, 2020, 12:05:19 PM

Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?

As of today, the cases in different countries around the world is still massively growing in numbers. This is already alarming because all sectors are being affected by this Coronavirus-19 pandemic.

Cryptocurrency prices in the market also gets down together with the increase of the cases maybe because people who are using cryptocurrency tend to convert their cryptocurrencies for a while and turn it into fiat to sustain their necessities to survive and keep themselves these days. People tend to focus more into providing essential needs that is why trading is somehow being set aside for now which makes the prices of the cryptocurrencies to fall down. Also, people are taking advantage of the situation in which even the volume of demand is high, but the bidding of prices is being lowered to take the opportunity of obtaining cryptocurrencies at a lower price rate. Those are the reasons I think which makes the prices of cryptocurrencies go down in relation to the Coronavirus-19 pandemic.

That's right, friend, as a result of the Coronavirus-19 pandemic, the impact is so pronounced, I think not a few cryptocurreny holders are more willing to exchange their cryptos for fiat currencies for their survival, hopefully this plague will leave soon and the market will return to normal.