Quote from: Maroons on October 14, 2020, 11:59:58 PM

Quote from: naikturun on October 14, 2020, 05:58:57 PM

because the cryptocurrency in my country is not used for payment, so there is no special effect on crypto even though the economy is declining due to this pandemic, but in fact trading on my country's local exchange is still the same, there is no drastic decline.

Well for countries who don't have a good acceptance of cryptocurrency there will be almost no changes at all because it is not well entertained by many people in their so the changes will not even be visible enough to see but for countries who do have high acceptance and usage of cryptocurrency, the buying of crypto might be reduce due to the recession happening and many people might cashout their assets and turn it back to fiat because some people will lose their jobs because demand in the country will be greatly reduced, depending on the usage of the country, the more a country is active in cryptocurrency the more it will have an effect to cryptocurrency and its market.

but from some of the people who commented here, I saw that they answered that there was no serious impact or impact caused by the recession on crypto in their country. in the sense that crypto currencies may have different cash flows from others.