Bitcoin Forum

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

No, if bitcoin price rise caused by this pandemic... Bitcoin will bullish since January until now, but its not since on March-April Bitcoin got dump (<$8000). Online payment is one of Bitcoin aspect, IMO majority not use it as online payment because the adoption is still not massive... majority will use paypal or credit card rather than bitcoin.

Not only about covid-19 (e.g. Corona shitcoin, corona fake fundraising), many fraudster use hype or trending topic to gain more traffic (e.g. DeFi, Kobe bryant, Corona etc)

Stocks have somewhat recovered already, Gold has really to its all-time-high. But I don't think it has something to do with Coronavirus directly. Probably more people are using bitcoin to hedge their wealth.

No, credit/debit cards are still the best option. Not unless you live in a country wherein there is a political crisis resulting to skyrocketing hyperinflation, for example Venezuela or Turkey, wherein bitcoin is being used because their national currency has collapsed.

Maybe yes because corona virus affecting our economy I think that's the reason why bit coin price rised and most stocked crashed.And about frequent scam because people are too desperate to earn money in this situation to buy thier food. They don't how to earn money because they losses their job already because of covid-19. Corona virus have a big impact in our economy and our world.

I think the increase in bitcoin had been before the halving happened because there was an obstacle at the peak of the pandemic in that month so there were still many people who panicked about this which resulted in a big crash in all markets including the world economy, and now it has started to stabilize the price continues to rise due to supply and the ever-increasing demand so this could trigger the bitcoin movement is now even faster.

Online payments still use a debit card including myself because it is a still safe way to transact without contact.

From your questions, the chance that more people will learned bitcoin is very high since people are working online and afraid to go out.
Most of them are looking for open opportunities, and with that, your second question will answer. Apparently we are seeing scam Ponzi
investment again, some  might use other terms like digital networking.

It's high time to realized that this venue of investment is not how others are portraying as easy access to become rich, you need to work
and understand the concept in order for you succeed from this industry.

Indeed. And one of pandemic scams common in my local area and might be common in other country as well is simply ponzi schemes saying to earn money by watching youtube videos or anything investment related, as the pandemic made people lose their jobs, and working from home is their last resort.

I wouldn't say that it has any correlation with the Bitcoin's price at all, it is just affecting bitcoin's image as some uses it and cryptocurrency in general to make fraudulent and illegal activities.

It's not specifically because of the pandemic. But the quarantine may help since a lot of people are staying in their houses and mostly spending time online. So there is a chance of discovering bitcoin and crypto while browsing the internet.

As for bitcoin scams, they are already rampant even before the pandemic but scammers find this as an opportunity to scam more people because some are desperate for "easy money" due to the unstable income.

OP,the same questions were asked 1000 times before your post.There's no need to ask them again.
Yes,Bitcoin price went up because of the recession that was caused by the coronavirus pandemic and the lockdowns.
Scams,that are built around Bitcoin and other cryptocurrencies are always frequent,the situation doesn't matter.
I don't agree that most of the people are "staying home".The quarantine lockdowns are gone fore good and I don't believe that many countries will repeat the same lockdown measures against COVID-19.

We don't have the right numbers how many people already used bitcoin after the Covid-19 attack in almost all countries. We don't know if the bitcoin price rise is because many people stay home for months, and the stocks crashed. But I think that relates because stock depends on the economy on the countries while bitcoin is not bound in one or two countries. People from many countries who know bitcoin are still trying to make money from bitcoin, and perhaps, that is why the bitcoin starts to rise in this time.

We know about the manipulation price in the crypto market, and I think that happens too in the stock market. But I only think that it is the right time for bitcoin to start rise after it's at on the lower price, so that can give a chance for bitcoin to get another new ATH soon.

Yes Covid-19 made us stay at home for months for that reason the stocks crashed. So I'm thinking stock holders pull out all of their investment and see the potential of bitcoin and invest it here.

We can't really answer your question because we can't tract the bitcoin user before and after covid-19.

Whichever the reason for bitcoin's price, it's a combination of many factors. But for the real factor, it has to do something with the bitcoin halving.
The number of bitcoin scams never changed, bearish or bullish, they were there.

if the stock market crashes I believe it is because of covid-19, I also see many companies going bankrupt due to the status of this pandemic, I spend more time at home working on the internet including trading, but if the price of bitcoin goes up because of covid it seems impossible, because I believe in the history that will repeat itself after yesterday's bitcoin halving, usually will make bitcoin prices soar afterwards

you are wrong.
bitcoin price has never had anything to do with the pandemic and it hasn't started now either. due to the virus breakout a couple of months ago the economy had a little crash which also caused the bitcoin traders to panic and sell their coins and cause bitcoin price to have a little crash too but as i said at the time and say now too, bitcoin has nothing to do with the pandemic. if anything what we are seeing now is just the correction of that mistake where price comes back to the normal and more realistic price levels (ie. above $10k heading towards $15k). and like always the real rises only happen with more adoption and adoption is increasing regardless of Covid19.

The direct relationship between the Covid-19 pandemic and bitcoin does not appear to have a direct relationship, although there is a definite impact. because bitcoin, whether there is a pandemic or not, will be able to run according to the capabilities it has. The covid-19 pandemic is only a small part of the impact that has resulted in bitcoin moving either better or worse.

People were already working on bitcoin before the impact of the Covid-19 pandemic, not because they were staying at home, there was more opportunity to focus more on bitcoin, everything was still due to the person's habit of working with bitcoin, if he didn't understand, he certainly wouldn't work on bitcoin either. the duration of time also although a lot will be determined by the existing finances to execute what will be done.

in principle there is no significant impact between the covid-19 pandemic and bitcoin and it continues to run on its own without a pandemic.

I am not sure if the global pandemic was the reason for bitcoin's increase in price but I can say that it did have an effect on bitcoin as well.
The number of bitcoin scams related to covid 19 had increased in past few months.
The global pandemic started in November 2019 but bitcoin's price was not effected until late March.
The stocks were going down along with bitcoin and there was a huge dump in the market.
Though the stocks crashed further bitcoin bounced back and recovered the crash and is now almost at it's ATH of this year.
So I think that bitcoin's price was effected due to Covid-19 but it was not dependent on that and recovered from it long back.

I think there are other users afraid of the economy problem nowadays due to pandemic. I think it is the inflation they are afraid of like beating up the inflation rate by joining in cryptocurrency. whether we like it or not economy is down and the money has reduced the capacity of money to buy.

Even myself if I had a lot of money instead of saving it to the bank I will be saving it to cryptocurrency. Crypto market price over a period of time rises while money capacity to buy over a peiod of time depreciates.

There are some stocks that have literally skyrocketed like TESLA. But generally speaking we have nowadays the top value of Nasdaq and other indexes.  
This means clearly that despite economic is a bit "depressed", stock market has seen one of the best period of the whole history!

For a certain point of view, bitcoin has been appreciated as a new way for storing value.
I mean in very hard time, "magic internet money" could be interpreted as just a game, something to trash in the rubbish. We have seen one of the toughest period of the whole btc history.
Pandemic hit very hard a lot of countries and different business. But people decide to invest wisely and to save money in a new "instrument".

Price continue to grow due the new hype "DeFi". I don't think there is already an impact made by COVID19 crisis.

We noticed the bitcoin crash at the beginning of the COVID-19 pandemic. It was happened due to a massive sale. But slowly it was recovered and we have been seeing a very good movement currently. It's because most likely people want to keep their assets on their hands instead of keeping on a third party. It would be easier for the sale during emergency situations. On the other hand, there are not many opportunities to invest your money in real life due to pandemic. Invest in bitcoin is quite easier by comparing with other investment opportunities. I believe that's the reason why bitcoin is uptrend even during this pandemic.

I don't even think the rise of bitcoin's price was because of this pandemic. This is possibly the after effect of halving, we can see how much it increased from $9k to $12k right now. However, those bitcoin scams you are saying are still growng and more victims are falling into their trap.

And of course people who got affected in  this pandemic will naturally become interested about bitcoin but not all will gonna take the risk of cryptocurrency investing. And we have been into bear market for long, we may actually expected this bull run.

People are spending a lot of time in their houses and surfing the internet all night and day.

It is more likely that they are exploring where they can make profits while staying at home and probably some of them will learn how to engage with cryptocurrency.

With that, as business are not allowed to operate, this bitcoin will become profitable for them if they invested their time to it. Bitcoin's complexity is not always easy to understand that's why as soon as possible, as this quarantine can take more of our days and months, we should grab the opportunity to benefit from it.

Bitcoins scams do happen because scammers are intelligent and they know that people will engage more on digital currencies such as bitcoin. That's the downside of manipulating bitcoin as your asset, that's why we need to become aware about scams.

I don't see the connection of.Bitcoin price and COVID -19. I the begininig of pandemic Bitcoin price didn't rise, just the opposite we had a price correction. Yes, people are staying home more and buying online but many of them don't use Bitcoin or other cryptocurrencies for shoping but fiat money and their credit cards. Many merchants still don't want to accept Bitcoin and that hasn't changed during pandemic. Maybe people got more interest for Bitcoin but since there is no official numbers and statistics that can't be proven.

Bitcoin's price is rising due to increasing demand. Bitcoin prices fell sharply in the beginning due to the effects of Covid-19 but due to the lockdown most people are turning to online work, which is why Bitcoin's popularity is rising and prices are rising. Covid-19 had no effect on Bitcoin. Prices are rising not just by buying things online but by investing. If we study the market well we will be able to survive from scams Covid-19 and Bitcoin will usually depend on ourselves.

This is true, the basic economic principle, law and supply and demand. And if not for the covid-19 pandemic, we may have seen the price in the $14k'ish by now.


Because many are scared and people need cash on hand. That's what many liquidated their stash in anticipation of the pandemic lockdown. But since then, this new norm redefine everything including our way to invest. So it's either bitcoin or some precious metals. And bitcoin is so resilient, and we have pass the test on the pandemic and even if the problem is still with us, the price today seems not affected by the negative news.

I agree that if Bitcoin is linked to COVID-19, indeed Bitcoin price is not affected by the COVID-19 pandemic. With a vaccine that has
not been invented and the spread of COVID-19 that is still ongoing, the Bitcoin price is not dumped. But on the contrary, the price of
Bitcoin is increasing, this is because many people trust Bitcoin more as a store of value. Although the adoption of Bitcoin has not been
going well, because people prefer paypal and internet banking for online transactions.

I really experienced talking to scammers and ask why they are doing it. There simple answer to it is that, they have no other option
in their country but to run a scam scheme just to survive.

Many investors are shifting their assets to crypto currencies especially that stocks are dying as of the moment because of covid 19 pandemic.
And with regards to your question, there is a big chance that scams not only related to bitcoin will likely to grow because of the current pandemic.

I doubt if it’s the COVID-19 that’s making bitcoin price shoot up
If it were so, it would have risen a long time ago
We were in a season of recession even before coronavirus came in
I just think everything has its season
And this is bitcoin season
It hasn’t really risen much
But I wish  it rose high and high

Many topics have been created linking these two, the pandemic and the market price of Bitcoin. But clearly, there's no direct relationship between these two variables.
The market has started to make an uprise movement last month but the pandemic has started earlier so, relationship is already invalidated. This is I think, invalid. The trust of people towards Bitcoin has no relation with the spreading of tbhis virus so how come Bitcoin is link with this pandemic? There's no absolute reason why the market price is increasing at this point because volatility is just in nature of cryptos. Yes, it has something to do with the demand but not merely dependent with this thing called "trust".

There is no proven significant relationship between the Coronavirus and the price behavior of Bitcoin for a couple of months we are in the pandemic period. Well, it is true that people tend to stay indoors because of the implementing community quarantine but it does not duly support the claim that because of this people are gaining interest on engaging into Bitcoin. Maybe some finds their interest on learning about it but not all are engaging into it. People do still have lots of options present to earn while we are all into this pandemic so the claim that the rise is because people are staying indoors making the price rise is not duly significant to support such claim.

Fraudulent acts with relations to Bitcoin is always present even with or without the pandemic because scammers and hackers are always up into doing their schemes. But maybe because many people are in need of money and doing desperate actions, scammers are more active at this time of pandemic victimizing people to get along with their schemes to obtain their money for their own good sake. The key is just simple, always remember that there is no instant way of earning money by just putting it up into an investment and just expecting a big profit to come along.

Stated just everything that came to my mind.

One of the reason for rise in interest on bitcoin could be the new trade war. The world seems to be dividing into two separate economic blocs. And maybe bitcoin could be the only bridge to join them.
There were many scam attempts relating to covid. Some claimed to raise money for support to the medical staff, patients and even the vaccine development. Some even provided fake insurance. There were 10s of covid related ICO which even got some attention.

It seems that the increase in the price of bitcoin has nothing to do with Covid-19, in fact in my opinion the increase in the price of bitcoin is due to the increasing number of people who believe in bitcoin. here, to avoid direct contact with other people and buy goods online, it is enough to use a credit / debit card and other online payment systems, because bitcoin is not too familiar here. for the problem of fraud, in my opinion bitcoin is only a victim of criminals who use cryptocurrency, because when people hear about cryptocurrency, the main spotlight is BITCOIN.

That's the main problem, urging to earn profits but they are too ignorant for it.

Although people are trying their best to earn money and sustain their needs this quarantine, they should not be so aggressive if they see something that can be a tool for scamming. Especially those links and offers that will give you an easy money, 100% they are scams. There's no such thing as an easy money in this world, especially in cryptocurrency industry. This Covid-19 pandemic really brought a lot of struggle and panic nowadays, so as much as possible, learn to study first before pursuing something that is a legit profitable work for you.

With your first part of the question, maybe there are more people which are getting involved to Bitcoin right now than normal but not that much since people can still use Bitcoin even though there is still virus or not.

With the second, scams are always there with or without the virus and it is hard to say if Bitcoin scams are more frequent right now. Its just that scammers are taking this opportunity for them to scam people using the virus. I can't say that it is more frequent right now but we all know that there are still scammers who are scamming newbie investors.

Maybe you are correct, at this time that the pandemic makes our economy unsecured, people are looking for an investment to hedge their money and crypto is one of the best option for them. I'm not saying that the reason for the price increase is the massive adoption but it's just because of few people who have good amount of investment that are willing to risk their money in crypto believing it could save its value.

I believe bitcoin will have a strong finish this year, probably a new high will be witness but we should not be surprise with that as bitcoin has been bullish for at least almost a month already, I guess.

Some believe that it's not because of the pandemic, but for me I believe it's timing of being bullish is the reason why it's because of the pandemic.

According to me Bitcoin doesn't rise up due to COVID.
Rather i can say the price has affected due to us.
Normally the price of Bitcoin increases when the demand of the coin is more and the supply is less.
Yes we can conclude that COVID has made people sit in the home, for which they are browsing internet and discovering new things.
Bitcoin is also the possible result of this.
Moreover as more people are spending their time in quantine, they are getting scammed by falling into the scammer's trap.
Nevertheless let's hope for the best and wish every thing to be normal once again.

Right now the bitcoin is one of the most popular coins because from the previous month of fall down it gives a good marker income again into just a few months right now the bitcoin is not yet supported with the use of this kind of payment but soon I think this will be.

Today while the people are still on their housed and some of them want to earn even on their houses to do that they need to find out some platform support their needs. Also, the scammers take their move too they need to grab the opportunity to make earnings too and this is the right time. Most of the projects today are now are scams with the use of the bitcoin.

Always make research on the platform you want to dive into.


There is a chance that the market price of the bitcoin will become one of the most successful coins among others and this is the good thing, some of the people now are holding a lot of coins and some of them are making an investment and transfer their funds because they earned profit. Take care of the market of the bitcoin are still volatile, invest at your own risk.

This pandemic has indeed made everyone worse off by economic factors, the increasing bitcoin makes everyone think Bitcoin has something to do with Covid19, even though that is not true at all, because bitcoin was predicted earlier this year will increase, and maybe because there is this pandemic it will be new now. bitcoin will go to the moon..

It is true that people are now using bitcoin more and for this reason price of bitcoin is increasing rapidly. It is obviously positive for us but we should more conscious about using of bitcoin to avoid scam.

I don't think so. It is true that most of the country's stock getting crushed in this pandemic outbreaks. In the meantime, Bitcoin price is getting increased. This is not due to this pandemic so far. In 2017, there was no virus affected that time but BTC price getting increased and broke all the previous records. So, it a regular thing to me.

I'm not sure Covid-19 triggered the current Bitcoin price hike, I tend to believe it has more of an impact on the currently weakening dollar.

There are many reasons for the Bitcoin price to creep up.
1. Investors prefer Bitcoin to invest in safe assets.
2. Investors have more confidence in and believe Bitcoin is a place to protect a good investment value against the current dollar, etc.

That's a factor in my opinion, the price of Bitcoin is currently increasing. Covid-19 is not an obstacle for investors to invest, On the other hand, investors are more afraid of a weaker dollar, so bitcoin is the alternative and current investor choice.

Bitcoin price dropped when the big announcement of the pandemic arrived, but then it managed to recover. Given that Bitcoin has been growing lately, and the pandemic is not over, it might be that people started investing more, hoping it would save them from the global economic crisis which is already starting to unfold. The crisis was bound to happen, but the pandemic facilitated it, so this could link the pandemic to Bitcoin growth. As for Bitcoin adoption as money, I don't think it's been growing, even though the online payments are getting more common. Such uncertain times probably don't motivate the merchants to take the risk and start accepting Bitcoin as payment.

Bitcoin is considered as an alternative to increase income amid the economic crisis due to the COVID-19 pandemic, because Bitcoin continues to perform well, amid the economic slowdown due to this pandemic. For example, in March 2020, the outlook for crypto assets looked weak when the price of Bitcoin (BTC) dropped dramatically in a week but then bounced to its current high, as trading volume tripled.

Maybe covid 19 is one of the reason why bitcoin price surge high during this time of pandemic but let us also not set aside the fact that crypto whales has also did something regarding the price increase of bitcoin.And this good also ,knowing that the demand of bitcoin keep on increasing. But we should be careful about those scammers using bitcoin to lure us.

we are staying home month to month for covid-19.

The chance is big if we talk about crypto whales.

They are aware of the situations and they might be working behind the scenes allowing newcomers to to see
opportunities and begin to invest inside this market, whales always find best for their interest the more people
involve to this market the higher revenue that they'll be getting from their investments.

With the help of bitcoin payment lots of people are making their daily transactions and there is no doubt that its helping them main physical distance during this pandemic. I think others gonna get agree with me that when its quite risky to visit bank or ATM at that time bitcoin users are getting opportunities to continue their online purchase or trade. We believe that covid19 will not gonna stay for long and we will get back to our normal life but people will remember their lockdown days for sure.

Actually you can't stop the people who always love to take the advantage of any situation (pandemic) for stealing people’s money. Its nothing new and i don't think scammers will gonna change their mind in the upcoming days. They will keep continuing their activity but investors have to maintain distance from them.        

This might be the case for bitcoin and the growing community of cryptocurrency. People these days are locked in their home doing nothing, most probably bored and so they just surf online and gets interested in crypto after seeing it on article or news. There is a high chance that they will discover the bitcoin or any crypto because it is trendy now. Bitcoin scam in twitter might have help some people to let what bitcoin is  8)

Scam won't fade away, it will upgrade by time as long as there is money there will be a scam. Even this trying times, people tend to use the pandemic to scam people. They don't have conscience tho.

The price hike that we've experience now is not totally the effect of the pandemic but it is accepted also how it affects huge to it. The huge market adoption is not only the reason for payment innovations but people have looked into this a opportunity to take for an investment( as they mostly considered this). But what we expect if this pandemic is over? It possible will turn back down.

This COVID-19 has a positive and negative impact to us and we understand how it hugely change our lifestyle that might brought us into a long-term crypto adoption than seeing it losses after the crisis ends.

The cause of the rise in BTC prices is not a pandemic. More precisely, the price of Bitcoin went up due to the halving which caused mining rewards to halve from before. Without thinking, the harder something is to get, the more expensive it will be. :)

Some individuals take advantage of crypto facilities to scam during a pandemic. Make a fundraiser for their benefit. And we know that the crime rate increases a lot during a pandemic.

That could be a high possibility, cash is practically useless right now because it could trasmit virus. Also being in a lockdown for months people will surely turn into social media and online activities, given that they don't have other things to do and have so much free time.
It's likely that they'll engage in Bitcoin and use it as payment for online services especially when Cryptocurrencies are currently hype in social media.

After the announcement from WHO, people are trying to stay away from fiat where virus can be transmitted, if possible to use digital
currency they will use it, and with that,  bitcoin / crypto offers alternative payment options.


that's probably right, with their unlimited now facing their computers, they have enough to learn more about crypto and all those
opportunities that this market have to offer.


Most of them may got the interest with investment and not more are likely go for and learn for the payment process.

Perhaps, that is why we can see that people now are trying to familiarize themselves with using digital money to be used as the payment system. But the digital money that they use is not crypto because, in their country, they can use debit/credit cards or use their mobile phone to pay at the store.

And if cryptocurrencies can get more popularity in many countries, we will see demand from people in crypto because they will start to buy the crypto. If bitcoin can grow better in social media and offline than now,  bitcoin will have a good future. So we need to give time for bitcoin to grow and reach more people.

It is true that the COVID-19 pandemic has provided many surprises, especially the increase in the price of Bitcoin that has occurred until now.
I think many people have started to realize that Bitcoin is a store of value, therefore the demand for Bitcoin has increased dramatically.But the
negative impact also exists with many scammers committing fraud using Bitcoin, then in a pandemic situation like now there are frequent Bitcoin
scams. Therefore be careful with investment offers with instant profit, because scammers always cheat with instant profit bidding methods.

in my opinion there may be a connection between this virus and the rising price of bitcoin. With us being at home and the existence of social distancing, it triggers the use of digital currency more and more frequently. besides that bitcoin is seen as a virtual asset whose value continues to rise so that many people are attracted to investing there. with a dwindling supply and a large number of users making bitcoin prices up again.

Maybe yes, maybe no, because we don't 'know what reason that can make bitcoin price rise so far.
There are many possibilities for that, but the important is we can enjoy the high price now, especially we are finally can see bitcoin price break $12k.
The price still increases and it can break $12,150, which can touch the next high price.
Now, with the new normal, people can go out from their homes to search for a new job, and if there is a relation with that, bitcoin price will reduce once again because people still prefer to have an offline job than to try in online job.
But we will see what will go on with bitcoin price later.

There has been lots of scam, but it’s not something new, it has been the same way as it used to be, if there was any increase in the rate of scammers that’s what I don’t know about. Everyone is aware of the Twitter hack, the kids involved have been caught. That was the only major crypto related scam that took place since this pandemic.

As for whether people are joining the Bitcoin market, the price has been increasing , since increase is based on the rate of demands that means more people have been joining. And some surveys claims that more big investors are getting interested in having Bitcoin added to their portfolio. I look forward to Bitcoin getting bigger than this, and for sure there is going to be more increase in the price as time goes on, probably before the end of this year we might reach an ATH price. I hope so.

I don't think we should relate Bitcoin to the pandemic that is happening.

The time that it is still an epidemic, the price rose and people thought it is because of the pandemic and then it fell and people are blaming it on the pandemic, I don't understand that. What happened is all just a coincidence, the price is not actually affected by the pandemic because if it will, we should be seeing the stocks and this market falling.

We're just the same. There's no correlation between pandemic and the bitcoin price, there is no relative effect to the price because as you can see on the previous price when the pandemic was in the first strike, bitcoin has a slight correction but at the end, it is in bullish amidst covid 19 pandemic.

For now, bitcoin becomes popular through people were hanging online due to lockdown countries, as we can see the number of trader and investors in crypto has been rapidly increase, especially when Defi projects come.

Thanks to the pandemic, people have become more immersed in the Internet and online space in order to find new ways to earn money, and bitcoin has become one of the main topics recently. We can confidently say that the pandemic has become a lifeline for bitcoin and the entire cryptocurrency.

lifeline or a lifesaver? but cryptos arent dying  . cryptos are not on a critical state before the covid came but cryptos were spotted increasing during or after the entrant of the covid still idk if we shall give credit to it or nah . gadgets are also cheap  before so people are already into the web  . not all people have jobs and if there are, these people still have day offs and breaktimes which they spend to access the web .  its not the pandemic that help people but people only thinks it is

Even before when there is no covid-19, there are a lot of scammers that take advantage and using bitcoin to scam people. Our situation right now is just the same as before, covid-19 is being used as an excuse or they simply take advantage of this pandemic to scam more people for their own advantage.

Really bitcoin price was not stabilised due to corona virus because during coronas virus bitcoin was still high and higher so relating the price to corona virus is improper, I suggest that while the price of bitcoin   dropped is because of cryptoccurrency market.

I think the rise of bitcoin or the crypto market is not entirely due to the coronavirus because the price of bitcoin increased before the advent of Covid-19. Rather some investors have been killed because they had other ways of making money but now stop. However, with the advent of covid-19, the crypto market is being affected more and the number of investors is increasing. Also, a lot of people are now looking for jobs sitting at home and they are heading straight into the crypto market.

I think that at least this virus has made a lot of people pay attention to bitcoin and think about buying and investing. As for the future of bitcoin, it is not only the virus that affects it, so it is difficult to say what will happen next. Analysts are often wrong.

Its correct, Coronavirus forces a lot of countries to make it a digital transaction that kinda leads to bitcoin. A lot of people stay at home so most of the transactions are preferably digital or online.

That kinda makes it bitcoin scams more frequent because scammers are going to find a way to scam people and if people use more bitcoin, scammers are going to find a way to scam people in bitcoin. That would also create a lot of newbies or beginner when it comes to bitcoin giving the scammers a good opportunity to scam people that are just getting started in bitcoin because of the pandemic.

You can conclude that the coronavirus is a big factor why bitcoin scams are more frequent at this time. A lot of people using bitcoin would cause a higher value in bitcoin.

Yes, Covid-19 really thought us some lessons that there is no safe place now than our own home, and that we need to stay home for over half a year now just to save our lives.
During this strange time, i am so grateful to have this bitcoin industry that is really reliable and helpful when in terms of purchasing online as a payment method.However, there are also lots of people now that are abusing the name of Bitcoin, and together this pandemic to implement their evil deeds. Its no surprise at all, even in different platforms, we can encounter this kind of fake pretending to be so real using Bitcoin as front and this covid-19. They took the trend as a great opportunity to fool the people that would believe their tricks.

It can be said that currently bitcoin is used as an alternative payment that does not use paper money, meaning that there is no meeting, transactions like this are usually called paperless and will make the spread of the corona virus stop because there is no direct interaction with humans, so your country applies the protocol properly and correctly.

when many people stayed at home because of the COVID-19 pandemic they started looking for alternatives by finding out about cryptocurrencies especially Bitcoin, many people traded Bitcoin and not a few tried to invest in Bitcoin, but I think Bitcoin prices have increased not entirely because of Covid19, but after Yesterday's fork Bitcoin did experience an increase, maybe because of Covid 19 and many people who live at home and are getting to know Bitcoin, so everyone thinks the price of Bitcoin has gone up because of Covid19..

More and more people are using their stimulus check to pump up BTC price.

In 2017 Bitcoin price was hit 20k. So in my opinion Bitcoin price up and down down don't depend upon covid-19. Bitcoin is a volatile currently. It's so much potential and good coin i have ever seen.

That is highly unlikely because we cannot even determine what is the reason on why Bitcoin's price rising at different situations. There was no pandemic in the year 2017-2018 but Bitcoin's value was high too. Although scams are more frequent during these days since some people are using this opportunity to lure people without knowledge to invest into something they do not fully know which adds more damage to people who just wants to look for a job during this pandemic.

Obviously bitcoin is the king of crypto world. It has a bright future and hopefully price will be rising very quickly. For this, we should support bitcoin in this pandemic situation.

     Of course it is clearly evident that the corona virus has indeed affected  lot of things if not all in many countries all over the world. And the most obvious is the effects it had on various stocks. But as you can see, some have adjusted maybe and are starting to recover. But in affecting bitcoin itself, the only thing the covid-19 affected may be the number of people panicking about their stocks or are jobless w/c is why they turn into bitcoin. Other than that, I do not see any other things that covid-19 could affect bitcoin in.

Bitcoin as a safe haven is subjective.
The positive news of blockchain adoption is also increasing due to the demand and not with the covid19. But for most individuals, it did help when they have a lot of time to do things on their own and finds how to invest in bitcoin.

bitcoin is not affecting to corona virus because bitcoin is the currency that not holding money it is a blockchain and not a bank or remittance that need close contact to release money,i think this situations we need bitcoin to to grow community and government finances to promote bitcoin

No doubts that covid 19 help people to know bitcoin because almost a lot of people are stay at, work at home with internet and there is no reason that they didn't see about bitcoin because bitcoin is already popular in different social media platform. And because of people lost their job caused by pandemic , many people are searching work online and those who knows about bitcoin for sure they share it to their friends and families on how to earn in cryptocurrency. Like me, because of covid 19 , I introduce it to my friends so that they can also earn in crypto to sustain their daily need and until now they are still n crypto.

Jobless people are often to come here and invest crypto. The demand increase as the number of investors, traders, and users are also widely increasing. COVID-19 is somewhat a tool to help people appreciate Bitcoin and the use of this new technology has been recognized by many. That's I can say that this pandemic is a blessing in disguise. The digital currency had often to use by now and that seems a good timing for Bitcoin as well.
This might be a plan or something like but there are also positive results from this.

It could have an effect but it doesn't mean that it is the reason why it reach it's current price now.
People would always look for a way to survive and earn so we might say that Bitcoin and other online jobs had bloom because of covid-19 but we all know that the price of crypto is always playful it could drop down or rise up no matter what.

I wouldn't call it a blessing in disguise but if that's what you think, it's okay. But in all context, you are right that it has opened the idea for most people to have time researching bitcoin while mostly are in lockdowns.
Months after months, we see the stability of bitcoin although it could only be this time and we may see a bigger drop or increase again soon.

Of course online jobs had bloom because most of us are still advised to stay at home particularly for those who have no jobs outside. Covid 19 is not really the main reason why bitcoin price has rise up but part of it still contributes to the bullish price of bitcoin. Even if bitcoin price drops at the present, it will still recover regardless of the situations.

I personally didn't notice any changes. Except for my familiar trader's illnesses  :(

Indeed, we should revolutionize the work ethic. I mean is, we don't have to work outside the home to earn an income. We should be able to earn money even if we don't work in the office. Blockchain and bitcoin are a revolution in earning income. A person can be a bounty hunter, freelance writer, or crypto traders.

No doubt covid-19 has effected all types of  business. Lot of people had loose their service in this period. At this time mostly people in their home,no one can improve their income but stay in home effected their savings. So wait & watch for good time in the future.

Yeah, this pandemic affects our daily lives and it really makes people stay at home to avoid the risk of spreading it and by that most of the citizen became jobless and the only way for them fo earn money is from online. Some people focused themselves in cryptocureency just like what I do and it helps me in my needs especially my finances, the stock has really go down because of being lack of customer and they should close it as what the governement has implemented.
I dont think that Corona virus affects the price of the bitcoin because there are a lot of changes when it comes to value of bitcoin during the pandemic.

the fear of transmission, whatever the name of disease, is clearly frightening and terrible, especially with Covid-19, whose transmission speed is clearly very fast. it is correct to say that there will be a difference people will make due to this pandemic, now people are starting to make transactions online and avoid using paper money. This is clearly a progress that will determine the continuation of the future that the need for an online platform is very much needed.

Bitcoin prices have nothing to do with this epidemic.  The price of Bitcoin has been rising since early 2020.  This epidemic was not so important then. You may think that in this epidemic, the price of people buying bitcoin online has increased.  If you have such an idea then you are completely wrong.  Because Bitcoin has not gained so much recognition yet.  People still rely heavily on credit cards for online shopping.

I think there are even advantages with the current pandemic that we are experiencing, because some people are more likely to stay at home than leave, of course it will be easier to offer bitcoin to those who want to know about it.

This can be seen from the volume that occurred in the movement of the bitcoin market during the pandemic, more and more are using bitcoin. Of course this is one of the positive values ​​in itself when the Covid pandemic occurred.

Now the normal life is came, people freely roam around the surrounding.They start to go for the job and businessman get into their business.So the economy activity are came into force.Because the government can't bear anymore.Most of the government spend all his holding and start to free the people movement and economy activity.

I don't believe there's any connection between Corona infection and bitcoin's costs. At the point when Covid-19 happens heaps of individuals become jobless and I am one of them.
I feel that its the main reason behind why bitcoin cost is as yet steady. Peoples quit putting resources into bitcoin because they need to help their family with monetary.
Being jobless means no cash and I accept a load of clients sold their coin. Perhaps the cost may increase now since the Coronavirus vanishes

During a pandemic, many countries have implemented lockdowns and work from home, automatically the use of the internet network will increase than usual and of course, there will be a lot of free time. and I think that is one of the factors driving the crypto price up, where a lot of people are at home and trading from home.

The second reason is that many people have lost their jobs due to the pandemic and indirectly many people have swerved to make money online, and I think Bitcoin/altcoin is one of the sources of income.

Starting of Covid-19, bitcoin dropped its value a little but bitcoin sharply handle it even bitcoin is already on bullish Trend since the year start. I guess havling made bitcoin to raise. Its true that people started trading at home, invested on new project but many people also sold bitcoin for economic problem occurred by lockdown. Maybe bitcoin could raise more if it out of Covid-19 effect

I believe this too that covid-19 effect has little obstuction to bitcoin increase. Many investors got fud of the adverse effect of bitcoin since the problem came globally. Bitcoin is going to rise again at this festival of December is fast approaching and the cases are reducing globally.

The means of transaction virtually with Bitcoin was solely the major factor that had affected the price of bitcoin it rather impacted the price to rise after an initial decline or dumping,  Lockdowns measures had also contributed to having many new users and adopters staying at home thus enabling more people to learn how to transact with bitcoin having realized that Bitcoin is being accepted as means of payment in many businesses, as it is now with second wave upsurge in some countries the price still remains bullish an indication that Covid-19 wouldn't have any impact to decline the price.

and also the coming US election is what affects the price movements now.

the demand really increase during the lockdowns but the effect subsides now,and what is coming to make the market flow again is this near election of US president.

also the Debates in which expected will impact the value of crypto currency sooner.

I totally agree with you.Due to pandemic, bitcoin got the attentions of the people who are terrified to go outside and just want to use online transaction to buy their needs. Bitcoin is very easy to use and hassle free, that is why bitcoin is the most used digital crypto  all over the world.Well, on the positive side COVID 19 help other people to appreciate Bitcoin because of our situation right now BITCOIN really helps us to survive this pandemic just by staying home and help not spread the virus. KEEP SAFE EVERYONE.

There are many payment methods for online transactions, bitcoin is only a small part of them. Even in some countries like China and Vietnam, payments in bitcoin or another cryptocurrency are prohibited. So I do not think that bitcoin is going up due to people participating in many online transactions. Perhaps during the epidemic many companies' stocks plunged so many investors turned to invest in bitcoin and that caused bitcoin to rise in price.

this is in the last 5 months but not now,the virus seems to be a normal news now governments are lowering their protocols about how people will deal.
they even change the rules to New Normal things that brings back the economy again.

Maybe in the next months we will purely taste the changes from 3rd quarter and now the 4th.

Maybe you are sleeping last march?when the market falls very hard and prices dumps more than hundred percents?

Perhaps bitcoin rose in value because of the pandemic so people were at home and exposed to the internet more and they began to learn about bitcoin and blockchian technology. Along with companies doing hard work, stock and investor confidence plummeted, causing them to notice and invest in bitcoin.

an opinion that could be plausible and relevant too, but whether covid-19 directly impacts crypto, I believe there is no direct. even though there are many people at home with very difficult situations, those who are new to crypto will think of investing because other needs are also very much needed.

crypto is still running with or without the Covid-19 pandemic, because the system built has helped people to be able to make every transaction easily. crypto is very good as a lucrative investment that makes many interested in crypto.

Covid-19 really cause challenges in the stock market,that make market  not to be stable as usual . During the pandemic many people found their self, doing different things at home just to get daily bread to feed their family. Some where using the opportunity to do online research to know which of the business is on board, you can do at home and get paid. Many use the opportunity to join bitcoin business which is still helping some of them that research well and follow the protocol of the business.
I guess pandemic really initiated some bitcoin users that make some of them to know that bitcoin is a good business for humanity.

I have had different opinions regarding what causes BTC to rise or fall, but eventually have come to this one: Bitcoin fluctuates independently from what's happening in non-crypto world, and after the rise or fall occurs, people start linking it to this or that event.  We had seen steeper rises with no pandemic around, and there was a drop from $10k down to $5.2k during the current pandemic. In short, I think there's little to no correlation between Bitcoin price and COVID-19.

Starting with Bitcoin scams, we all know that scammers see everything or situation as an opportunity to scam, so there is every tendency that Bitcoin scams took place but hardly can anyone ascertain the number of (frequent) scams.
On the other hand, I would say yes that many people got into Bitcoin, this is because, people being stuck at home will definitely look for ways to make ends meet, make money and sustain themselves and family, and with Bitcoin activities being something you can look up in the internet, read, study it and so on, they can easily join up, probably learn more about trading and start trading their Bitcoin. I can remember the market dumped when the pandemic was high and then later picked up and have been holding on since them; therefore in my own opinion, it shows people got into Bitcoin then.
A good thing is that, people found opportunities in the crypto space during the height of the Covid-19 while the bad side is that, many scams also took place as well.
So in all ramifications, Bitcoin got many attentions because people got into it.

This is what I have saying to myself upon reading post that says bitcoin's reason for its growing price was because of the people who are in quarantine and bought bitcoin because they are afraid to go outside, first of all fiat also have online transactions and in my country that is the one who really got lots of attention during this pandemic, lots of people sell stuffs online and then they mostly pay online and yes bitcoin's acceptance is not that great right now to think that people are using it because they don't want to touch paper money, in my country there are only few stores that accepts bitcoin so I really disagree that bitcoin got lots of attention because people are choosing it as their payment in online transactions, people are still comfortable with fiat and will always be. The only thing that is really happening right now is people are being exposed more to cryptocurrency, they are knowing about it but we may not know maybe some people will use bitcoin after months of knowing about it but still I think they won't still make it as their primary payment for online trnsactions.

I had always the thing in mind that I don't really correlate cryptocurrency and traditional markets or events that happened outside on crypto sphere but you cant really stop people on not to make speculations about it where sometimes you can really connect them up specially if prices do really move in the same manner.

About Covid 19 and bitcoin then we have seen on how economies is heavily affected by this pandemic and theres no doubt that there might be some effects but not really that much.

Taking for example on making out comparisons that the current economic state which is still on reds while crypto is slowly recovering.

The demand for Bitcoin has increased a lot due to Covid-19 Many have found a source of their work from sitting at home on the Covid-19. Bitcoin is a great opportunity for everyone the bitcoin mining industry is currently advancing at a very rapid pace. Earlier this mining work could be done through computer at home but now specialized data center is being used. These data centers are a warehouse where there are lots of computers just to find bitcoin due to the Covid-19 their speed has increased due to which Bitcoin is going up a lot.

I know from a friend of mine that many people in Italy turned to Bitcoin in spring when the country was suffering from huge amounts of the diseased and dead. This tendency has started for every country to some extent, so the correlation between demand for Bitcoin and Covid19 spreading is undisputable.

Despite of the worldwide economic drought that this Covid 19 pandemic brought to us the uplifting of the market value of cryptocurrency was the good thing that ever happened in this middle of the crisis. Quarantine protocols of each every country required each people to be stayed in their homes and this also gives people to have more time being engaged in social media and technologies and this was also a time where people are looking for a source of income while staying at home. And no doubt that this cryptocurrency, investment and trading was fit for this kind of crisis.

Seriously? You mean, the "computers" in those "specialized data centers" were infected by COVID-19, and their temperature increased, and, as a consequence, their "speed of finding bitcoin" increased as well, and then ... wait, "Bitcoin is going up a lot" because ...? Now I'm lost completely!  ;D

Mate, please double check what you are posting. :)

The disease causes economic recession. Cash flow is no longer focused on manufacturing or service industries but is withdrawn and invested in stocks, gold, silver and bitcoin.
That is the reason for bitcoin to rise in price in the past.
The epidemic has kept people from using cash more often, but focusing on cryptocurrencies and other cashless means of payment. We can say the epidemic indirectly makes people use more crypto (mainly bitcoin) that provides liquidity for the crypto market.

In a way, the covit-19 pandemic still impacts bitcoin and cryptocurrencies. At the moment it is causing bitcoin to rise in price, because more people are paying attention to the cryptocurrency market.
Through this pandemic perhaps people and the way the government will have a better view of the cryptocurrency market, it is clear that cryptocurrencies are becoming an irreversible trend in the future.

Yes I agree that Corona virus has an affect in Bitcoin and other crypto since it open opportunity for people to continue on earning while we are in pandemic and some have used it to continue gambling since local casino has been forced to be closed.
So those gamblers and other people have their own reason why they joined in crypto currency why they choose to use it now.
So due to corona virus and being forced to stay at home people have been interested in crypto currency,
I also experience it due to lock down some of my relatives and friends has been inquiring about Bitcoin and how they could earn from it how to use it.

Bitcoin really proof it potential during pandemic period, which most business and transaction are done online payment. Every thing is transparent on any given transaction. They're for covid-19 pandemic really open the masses eyes to know that bitcoin is really and legit business across the nation.

The fact that bitcoin flourish during the pandemic won’t be undermined because lots of people where dismissed from their various work place and forced to be quarantined. These acts triggered lots of digitalized platform as students learn on the internet and working class people continue their office activities online, working from home.

These leverage gave a lots of people the opportunity to capitalize on the internet to survive, many people where exposed to lots of digital platform to earn living and these expanded the knowledge of bitcoin among many. Bitcoin was even more appropriate and people now have alternative to save their funds and also invest in time of pandemic and global economy crisis. The demand for bitcoin became high as many people wants to save more bitcoin and nobody wants to sell. The available bitcoin for sale is at high purchasing rate.

Many people think that pandemic causes the bitcoin crash well, in fact, this is false information because even though the virus is still existing the price of the bitcoin did not stop from inflation.

Most of the people become more focused on cryptocurrency because many people love their job because of the pandemic and by that, they should still think of more ways to earn money and cryptocurrency will them by that, on which cryptocurrency did not disappoint us with the profit we can have from investing.

This pandemic also causes of having many scams or fake investment website because the scammers and hackers will grab this opportunity to fool people, they know that many people could be the victim of a scam because of the eagerness of earning money.

It might have help Bitcoin gain some attention from non crypto person due to the lock down so I think it really had something to do with it.
I also agree that online scams are rising up due to corona virus not just in crypto but also in other things.
I hate to say this but due to lock down some people are being bored and there are some who doesn't care about other's who scam others on their online business or the delivery workers for their fun and tell them that it is all just a prank and they would just greet them on their youtube channel or whatever.

Covid-19 pandemic does take an important role in the development of blockchain. While the government enacts social distance to stop the spread of coronavirus, people can't sit back and relax, they need livelihood to feed their family and that's the reason why Bitcoin is noticed more in this pandemic. They start investing and everything is paying online by Bitcoin which avoids close contact with other people. It's really convenient because you don't need to go anywhere, you can do at home and get paid. Without any doubt that Bitcoin initiated people from investing and using Bitcoin more frequently.

of course, that is indisputable...
in my country, the growth of Bitcoin buyers has increased by a few percent even though on average they buy in small amounts. The outbreak has led many people to start investing and making a profit from the internet and Bitcoin has become a great attraction for those looking for profitable investments in this time of crisis.

Just like you said and I've been telling people; more people got to know bitcoin due to the stay at home policy caused by the virus. However, it is disappointing that a lot of people have been scammed and hence making the newbies who just joined to think that it is some sort of scam. If anyone introduces bitcoin to others or maybe know some newbies, please try to let them get the real information about bitcoin, and if possible, other cryptocurrencies.

I'm not seeing the correlation honestly. If anything, the COVID-19 pandemic should've whittled bitcoin's price right now. Not that I want it to happen, but if you take into consideration all the factors, it would make sense if the price crashed. Nevertheless, still happy that bitcoin is at a safe spot right now. But no, this increase is not caused by the pandemic.

I have already thought that the pandemic would negatively affect in the beginning. On the day of the quarantine, bitcoin and other cryptocurrencies fell to half the price overnight. Afterward, bitcoin has started to increase slowly. During the pandemic process, we saw again that the position of bitcoin and blockchain will be very separate in the new world order.