Post
Topic
Board Economics
Re: How Will the current pandemic affect the crypto market?
by
Lomberjack
on 25/04/2020, 12:07:20 UTC
Although it will affect the crypto market, I hope the effect will not be too big. The pandemic makes people scare and afraid to go out, and I think they already cash out their money because they need money to buy their daily needs. But sooner or later, everything will be back to normal again, and even the crypto market gets the effect, it will not make traders to panic sell their coins because they believe that it will over someday.
We should really hope for an early recovery for these pandemic especially, for a cure because, day by day, the number of people that are affected by the pandemic is still increasing especially on countries that do not have that enough medical facilities and advance technology to avoid and lessen the spread of the virus. A cure is what we really should hope for because, there is less assurance that we would stop the virus just by quarantining, for me, it is only supposed to lessen but, cannot fully stop the virus. As this virus continues to spread across borders, we might expect another dump because, possible holders of Bitcoin might soon cash out as they are running out of money for their necessities due to lack of financial income especially those that are less privileged.