Post
Topic
Board Bitcoin Discussion
Re: What could be the effect of corona virus on crypto industry?decrease or increase
by
maydna
on 04/04/2020, 06:06:05 UTC
basically it has drastically crashed stock markets worldwide.
and we can see more 20% downside in stock market before april end.
but bitcoin and other top currencies are already at its bottom level. we cannot see more correction in it.
and due to stock market crashes, again people from stock markets attracted towards crypto currencies.
moreover India and Korea and few other countries have started to take step to legalise this industry.
so, we can see 10000$ bitcoin before may end again.

It is my analysis only according to my forex and crypto experience.
experts can give their suggestions to bring proper conclusion.

From your statement, we can see that corona virus gives a negativr effect on the digital market. Though some of the transaction are being made online, but there are still transaction like converting bitcoin to fiat. Also I think that when this corona virus stops and get cured, the change in digital market will also be changed.

Not just the digital market that will change, but everything in the real-life will also normal again. The stock market crashes because people or traders are panic and worry, and they want to save their assets and money by panic selling so they can have money. But everything will be fine, and right now, we need to keep survive from the worst situations, and we should take care of our health first. The Coronavirus impact all things in all country, and many people die but that will not happens forever because someday, the people will all get cured.