It is fair to say that Darknet Markets are reaping the entire benefit in the crypto space with the global coronavirus epidermic as even as crypto value continues to fall, Darknet Market continues to be engaged. Even with crypto market hysteria, the dark market has experienced an influx of new users. This is logical because several people now prefer to do business online.
Evidently, coronavirus has dealt a real blow to different sectors of society. With the continuous effort to mitigate effects of the epidemic by the government, the airline, travel, tourism and hotel industries are suffering as an effect of the virus. Italy currently has all its non-essential shopping outlets closed. Equally in UK, several high street shopping centers could face closure due to the retail downturn.
How Darknet Markets thrive during hard times
Things keep falling in place for Darknet Markets because business has moved online and coronavirus has made more people patronize the online market. Many traditional shoppers, as a preventive measure, remain indoors. They buy needed goods via online portals. Darknet Markets, apart from treating the virus as a threat, also leveraged on it to earn more profits, according to BTC news.
One Darknet Markets trader opined that online purchase will increase because people will want to remain indoor to self quarantine theirselves. This will make postal services collapse with heavy delivery orders like during the Christmas season.
The market has seen a sharp upsurge in new users even as retailers on the platform struggle to meet demands of clients who are believed to have quarantined themselves. Some retailers are giving out free gifts in form of buy 1 get 1 free to attract more buyers.
Darknet Markets unsafe according to some
As several crypto news sites believe the Darknet platform to be unsafe, its clients believe the platform is safer than the traditional street outlet.
When people eschew physical contact and resort to self-isolation, darknet markets are here to control the spread of the coronavirus. All the same, the DNMs are always at risk of larger macro trends.