The lockdown Effect - The CryptoChain reaction!

in LeoFinance3 years ago (edited)

Hello Hivers and LeoLions

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Lockdown 1

So in March, we have the 1st Covid Lockdown.
Bussiness closed - Netflix stock exploded blah blah blah!
For me, it was the first touch with Crypto.
BTC was around 7k and Ethereum about 220.
Public opinion was that Bitcoin is done and a friend of mine told me to invest in ETHEREUM.

BTC

Yes! the same Bitcoin that today is flirting with 17k on 15 March of 2020 went below 6k USD

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I remember seeing a Greek making a video on how NON-PROFITABLE IS to Farm BTC.
Interviews and articles were speaking about the disaster of cryptos.

ETH

In Ethereum things were shitty too.
On 19 of March, the Ethereum value was 116USD, almost 4 times lower than today!

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Imagine that when I placed my first money in 222 my friend told me quote:
Too bad you are late and now Ethereum is expensive!


Lockdown 2

I can say there is a very very very different situation now!
Well, we will possibly wake up to a 17k Bitcoin and a 500 Ethereum!
You will ask. But why?What's different.
Well

  1. The Volumes are almost triple since then
  2. The Market Cap is super increased in all cryptos

But how did that happen?
Well.In my opinion, Lockdown 1 triggered a chain reaction

The Chain Reaction

So how a small percentage of people become an almost mainstream wave?
Simple. Quarantine did it!

  1. People had plenty of time to search and read
  2. People were all day on their computers
  3. A huge percentage of people got economic damage from the lockdown
  4. A new idea was born people have to find a way to make money even in lockdown.

All the above-made cryptos more popular, bringing new people to the crypto world and confidence of legitimacy since the traditional business and money system showed its vulnerability when just vanished one day when a Prime Minister or a Civil protection minster just told us "NOW YOU STAY HOME"

So from now on like an avalanche reaction for every day in lockdown, there are hundreds more in crypto, and since the money of the world changes hands from the bloomers to millennials, things are gonna be VERY VERY INTERESTING

Yeap. I am a dancing school owner.
And It's 2:49 and I write for LEO.
And making some money ;)
2021 I am coming.


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BINANCE Trade Crypto Live
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what i want to see is how many "newbies" will remain after the quarantine. Even if it's one it's win

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