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Bitcoin => Bitcoin Discussion => Topic started by: Wesleyeric on November 28, 2020, 05:48:13 PM



Title: Did Covid19 effected bitcoin positive or negative?
Post by: Wesleyeric on November 28, 2020, 05:48:13 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: BIN-BIN on November 28, 2020, 05:57:42 PM
You are very correct on this one bitcoin as the digital mode of making transactions online and across border bitcoin has make social distancing more flexible you don't need to have contact with any bank before you can send and receive money through bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: fiulpro on November 28, 2020, 06:03:59 PM
Hello
I do think that quarantine actually helped me get involved with Bitcoins and other cryptocurrencies more ,  since now most of the people are working from home and the colleges are closed, one can try and check the sites and at the same time for the students and people who are abroad and cannot travel due to restrictions for that Bitcoins have become a very important method of payment for those families. You don't have to go outside and get it done.
Bitcoins is helping in jobs
Helping companies in advertising
Helping in overseas transactions
Helping people with trading , with investing , for holding.
I do think that Bitcoins is actually very important during pandemic and I personally am very glad that we have a way to get us through it.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Wysi on November 28, 2020, 06:13:46 PM
Even I feel the same as lockdown has made people understand the worth of Bitcoin and even those who didn't actually tried any transaction via Bitcoin has made it during this last one year. I hope people get used to bitcoin even when life gets back to normal phase, now this bull run will add more advantage to crypto as usually more and more people who has no idea about Bitcoin gets to know Bitcoin when it breaks record like it did in 2018.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Fatemablabla on November 28, 2020, 06:18:05 PM
I think the effect of Covid-19 on bitcoin was positive. Because it made people coming online looking for income sources and an currency which can be easy to use. And bitcoin solved both of the problems. Even I cam back to crypto after 2years on this lockdown and now enjoying the bull run.

Many people are now understanding that bitcoin is useful and it can be a useful thing in the daily life. Hope the run of bitcoin continues like this.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: serjent05 on November 28, 2020, 06:22:29 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

I would have agreed with your standpoint since I am pro-Bitcoin but in reality, I do not think that Bitcoin will be the major currency if the pandemic continues.  Remember, Bitcoin isn't the only virtual currency available in the market.  People are able to transact with the use of CC and Visa.  People can buy goods with the use of ATM card may it be prepaid or debit card.  If things gets worst, government and financial institution will adopt to the situation implementing cashless society with the use of cards or worst, they will just create their own cryptocurrency to at least have control on the flow of transactions.  Aside from that, banks will not just be idle and let decentralized cryptocurrency to take advantage of the scenario.  Banks will also do everything they can to cope up with the situation and take profit from it.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Mahdirakib on November 28, 2020, 06:28:27 PM
You have given a nice example but bitcoin price will face downfall if this pandemic last for few more years. A long sleep may cause death of price. It will create serious crisis and world economy will be hampered badly. As a result bitcoin price will go down significantly. Till now btc price have shown strong move. But the fact isn't related to covid-19. The price have increased enough for some positive news about bitcoin.

Bitcoin is a decentralised crypto. Every country won't include bitcoin in their normal money system. Many bank have developed application for their customers. It helps people to use bank service and transfer money from home. By using those app people can transfer money without touching it with hand. So bitcoin not going to have this position.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Gozie51 on November 28, 2020, 06:38:10 PM
If you do a check of what price was before this time and what it was before covid-19 or its peak around March, then you will know the direction the influence it is for bitcoin. Definitely it is positive IMO because it is clear with the price now. The covid-19 brought many people into the internet since they were at home, many lots jobs and needed something to start from. The governments officially opened up the internet for its workers to work from home and make reports to office through the internet. Simple, the internet space was opened for a new kind of business that was accepted by everybody and so it had to give opportunity to bitcoin investment.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Sparrow96 on November 29, 2020, 09:38:53 AM
The Pandemic situation forced the world to adopt digital technologies. For instance, I never participated in online live classes, online quizzes by government institutions, etc. But Corona Virus has given me the chance to participate in online activities. Governments have forced to rethink about adopting technologies. For lockdowns over the world hit the economy. That's forced institutions to adopt Bitcoin. Also, people got free time to learn more about Cryptocurrencies. This helped to attract more people. Overall Covid-19 has effected positively on Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: BIT-BENDER on November 29, 2020, 09:46:28 AM
The covid lockdown is no longer in its effect in my country, the pandemic did not cause people to totally avoid banking hall, before the corona virus people had disliked the stress, I for myself don't like the queuing up in wait to get attended to when I can do it by myself online through mobile means, even Non-Bitcoiners can do that except for matters that need them to go to their banks -this matter are reducing-.
 Bitcoin was building up even before the pandemic imposed a lockdown on the world, if the lockdown had an add-on effect on bitcoin it would be considerably low.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Alucard1 on November 29, 2020, 09:54:00 AM
The stars of the pandemic make the bitcoin's value drop for $3900, maybe it happens because of panic selling because some people need to get their funds on their hand so they will have the finances for their daily lives. This pandemic also makes some other people become focused on the world of crypto including me, before when the pandemic has not started I am not so active on cryptocurrency because of being busy with my studies but when it started I spend my hours exploring the world of crypto so I think that is one of the positive things that bitcoin gives to me.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Furious 7 on November 29, 2020, 10:34:19 AM
I think that is hard to estimate.
Pandemic definitely forced people to get more oriented to online living and business and to use new technologies more. That probably included Bitcoin and other cryptocurrencies although I haven't seen any study or analysis of it.
However, I don't think that pandemic had the direct impact on Bitcoin price.
Obviously the pandemic does not affect the price of bitcoin today but many people continue to use it in their needs, therefore we must know that bitcoin technology will continue to develop during a pandemic, therefore we will know how people do business that they are online.
Since the pandemic hit me, a little effort in online is what I am doing now because it will make it easier for me in any case bitcoin will continue to grow considering the current market conditions.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: mk4 on November 29, 2020, 10:39:10 AM
Topic: How has COVID-19 affected the Bitcoin space? https://bitcointalk.org/index.php?topic=5292455
Topic: Covid-19 and Bitcoin https://bitcointalk.org/index.php?topic=5269157.0
Topic: Pandemic: good for the bitcoin market or bad? https://bitcointalk.org/index.php?topic=5281517.0
Topic: Is it true that Corona Virus may effect trading? https://bitcointalk.org/index.php?topic=5231994.0
Topic: Bitcoin during pandemics https://bitcointalk.org/index.php?topic=5233782.0
Topic: Do not be fooled https://bitcointalk.org/index.php?topic=5233192.0
Topic: COVID-19's "New Normal" is Creating Opportunities in Crypto https://bitcointalk.org/index.php?topic=5263377.0


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: marcous on November 29, 2020, 10:54:19 AM
The existence of Covid or the absence of Covid that is currently pandemic will not have an effect on the price of Bitcoin I guess.  After the Halving Bitcoin always goes up, And this cycle has happened.  Even when a pandemic like this Bitcoin still exists and provides benefits. And Bitcoin has pioneered various digital currencies with the same value as fiat.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Shasha80 on November 29, 2020, 11:12:47 AM
That’s the advantage of bitcoin, and I really like that. In this pandemic, bitcoin is very suitable for use because we do not need to touch it like paper money.
Touching paper money today is becoming a frightening scourge. especially if COVID-19 continues for the next 5 years, as you said.
It’s a really difficult situation if covid continues. But it is possible that the role of bitcoin will be more than just for investment. But I don’t know either,
if the government still prohibits using bitcoin for payment. This makes it difficult.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: john_nautica on November 29, 2020, 11:20:57 AM
That's what we are not really sure. I'm not quite sure if the Covid-19 affected the Bitcoins price maybe some people managed to sell their coins to have some extra money to sustain their living but as we can see the price of the bitcoin is increasing now which is really the opposite of what I'm saying.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: gabbie2010 on November 29, 2020, 12:01:58 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.
All people is depending onnthe online world because of the impact of the covid 19 all of us are prohibited for going outside that is why others make a way to earn money especially on bitcoin.
Covid-19 had directly or indirectly affect Bitcoin positively, I believed in these period of lockdown many people took their time to learn and seek more information about Bitcoin probably put it into use by embarking on online transactions by paying for goods or services, thus receiving massive online presence during the pandemic and in the aftermath of dump in it price during the first wave in March, prompting lockdowns that was imposed in many countries Bitcoin recovered remarkably and it growing stronger in leap and bound.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Baskeyairdrop on November 29, 2020, 12:36:15 PM
Wow! You thought really wide to come up with this idea. But most people get their money which they invest into bitcoin from physical jobs they do. So people would start to have fewer bitcoin instead of increased bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Rafiqul on November 29, 2020, 12:38:18 PM
I think Covid 19 had a positive effect on Bitcoin. Many countries now have normal health practices, but in the early stages of the epidemic, most countries have a lockdown, leaving people homeless and unemployed; Then a lot of people look for work online, many get involved with crypto. I myself used to spend 13/14 hours a day in crypto where I used to spend 2 hours a day. I believe many more like me would give time, invest; As a result, investment in crypto is increasing and flourishing. As a result, the world's economic situation has deteriorated due to the ongoing epidemic, but the cryptocurrency is gradually advancing and surpassing all past records.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: bekti3 on November 29, 2020, 12:55:58 PM
for me personally there is a point, that when viewed from two points of view;
First the positive side, 83% of all Bitcoin investors in the last 12 months have increased quite significantly. This is due to avoid direct interaction when buying and selling, or exchanging fiat money.
then the second from a negative point of view, then it is clear that the conventional financial sector is shutting down. where this will have an impact on the widespread spread of covid 19. Of course in the midst of rising inflation rates as a pandemic effect on the global economy, many people turn to Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Question123 on November 29, 2020, 01:07:47 PM
High percentage it will cause to the bitcoin to rise the value during due to covid19 it is base on my observation only and my opinion.

When lockdown started the price of the bitcoin rising because those people who lost their jobs find a way to have income and the way is the bitcoin so the value starts increasing and now we still in the pandemic and the bitcoin is increasing it's value and maybe the effects is really good to the crypto.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Yatsan on November 29, 2020, 11:24:43 PM
The pandemic have pushed people to shift from the traditional going to digital because of the existence of the covid-19 pandemic which is advisable that as much as possible to face to face and no physical contact must be done to avoid the further spread of the virus. Almost all thing like jobs and studies have been made online so that life still continues as per the pandemic is still existent on our community. With that, transactions made on fiat or physical manner have been made digitalized through online transaction like banking have been offered online and even transactions have been made digitalized to avoid physical contact. This makes a good call for the time of Bitcoin adaptation for people wants to do a safe and secure transaction due to health concern which we can say that pandemic have been good to Bitcoin because of the cashless transaction and seamless and fast transaction that can be done with Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Gemini24 on November 30, 2020, 12:00:39 AM
Most people now are transacting through online when it comes to payments,buying or sending even schooling are relying online, the pandemic did pushed everything into digital world to avoid direct contact to each other. I think covid-19 had a positive effect on bitcoin it has helped many people during difficult times, many became interested and wanted to learn about bitcoin during the lockdown and it had a good impact on the price of bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: kentrolla on November 30, 2020, 04:36:17 AM
Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Xxmodded on November 30, 2020, 04:42:41 AM
I think little negative impact with covid 19 for bitcoin because many people have loss job and look they can participated on many ICO project and try to trade, they don't have enough money after loss real job and they have other needed for his family. When covid have ended they have real job and get passive income from salary use to trade and invest with bitcoin or altcoin, I know investor in bitcoin not only from online business but also many people have real job will invest in bitcoin, but they try to get two way for source income not only from bitcoin they try to get income from working at real job and earn salary every month.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: sayaya17 on November 30, 2020, 05:06:40 AM
Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.

Right, this is the pandemic’s positive effect on bitcoin. The conventional currency is experiencing inflation, and that’s what people are afraid of,
especially big entrepreneurs. They feared its assets were declining, thus switching investments to bitcoin. And this is a solution so that its assets
can grow and it turns out that it is true, bitcoin is increasing and they will take advantage if they want, even until this pandemic is over.
It could have been. Or wait for ATH bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: mariah.sadio on November 30, 2020, 05:17:49 AM
A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Vishnu.Reang on November 30, 2020, 05:33:51 AM
A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive

Recently there was a big spike in Bitcoin adoption, when PayPal made Bitcoin available in their platform. The full impact is not yet known, as the integration was done less than a month ago. But PayPal is having an userbase of around 350 million, and even if 5%-10% of them invest in cryptocurrency, it will give a huge boost to the exchange rates and daily volumes.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: samputin on November 30, 2020, 05:48:06 AM
I think the effect of Covid-19 on bitcoin was positive. Because it made people coming online looking for income sources and an currency which can be easy to use. And bitcoin solved both of the problems. Even I cam back to crypto after 2years on this lockdown and now enjoying the bull run.

Many people are now understanding that bitcoin is useful and it can be a useful thing in the daily life. Hope the run of bitcoin continues like this.
Same thoughts here. When we're talking about cryptocurrency, we can say that the pandemic was a blessing in disguise. Since lockdown was in place in most parts of the world, many people have learned to turn into other means of transaction and one of it is using crypto. Thus, it is positive.

Personally, during the beginning part of the lockdown and the quarantine, I was able to earn money despite to my lack of job. Now that the quarantine has eased up, I now have a job as a teacher and I'm also participating in a sig campaign on the side. Bitcoin is my savior. I'm proud to say that. And with or without this crisis, I'll keep on doing this.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: michellee on November 30, 2020, 06:08:12 AM
The Covid-19 effected bitcoin positively because while people are staying at their home, they spend their time to search for how to use the digital payment, and many of them heard about bitcoin by reading much news. Besides that, they came to bitcoin world in the right time when bitcoin price is not too high, so if they decide to invest in bitcoin, they can see that their money value grows time by time. That will be good news for them, especially for people who bought bitcoin at $3k-$5k because they can sell it now and make a big profit. People now see that they have a new type of investment in the cryptocurrency and they can buy any coins besides bitcoin at the price they want. Maybe if they can buy not just bitcoin, but also buying altcoin, they will see that their investment will increase, especially if the bull run comes.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: carlisle1 on November 30, 2020, 06:32:45 AM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.
But the thing is Covid won't last that long and also even if This Virus stays long yet People will Not allow government to Lock them down for that Very long hair because if this covid will Kill them, in infection?then they would rather Die than being inside their Houses for very long years.
But of course all crypto  not only Bitcoin in which The option of the people,Because Those  are cheap and Easy to accumulate.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: AniviaBtc on November 30, 2020, 07:37:46 AM
Based on my observation, this pandemic really brought a huge turning point for bitcoin.

Covid-19 is really a bad thing in most of us and people are struggling on how we will deal with it.

But for most of us, we are just staying at home, unemployed and if you invest in cryptocurrency then you will somehow make profits depending on your manipulation and observations. I know that being unemployed is really hard but you need to make other things profitable for you and it is studying and investing on cryptocurrencies like bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Innerpumper on November 30, 2020, 08:34:21 AM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

That's what I had in mind. Nowadays it is really very difficult to transact even fiat is also suspected to contain the COVID19 virus when in direct contact with people infected with bitcoin makes us able to transact without having to think about the risk of being infected with the COVID19 virus. and sooner or later state regulations will consider this.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: acener on November 30, 2020, 08:42:34 AM
For me it affected Bitcoin positively because of the lockdown people lost their job and seek for other source of income while they are at home.
For me this pandemic make crypto and online business bloom.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: AicecreaME on November 30, 2020, 09:56:02 AM
I think it's the other way around, it is Bitcoin who affected us positive because of the pandemic, and will always affect us in a positive way. The pandemic is just the reason why many people was convinced that Bitcoin is real and not a scam, or even a hoax. What happened in 2020 was a stepping stone for Bitcoin to be fully known by everyone of us all over the world because it deserves popularity due to its greatness.

Without Bitcoin, people would still cry over their job, staying in offices for 8 hours having minimum salary and a poor health. Including me, Bitcoin gives me hope every single day, especially in this time where poverty is getting much worse.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: k@suy on November 30, 2020, 11:38:49 AM
Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.

Despite of global pandemic that we faced right now, take away our almost  a year of normal life, the fear for our health and the health of our family but the only good thing that i guess happened in the middle of this catastrophe was Covid 19 has a good or positive effect in bitcoin. It turns the old traditional mode of payment into digital payment and as what we have observed a lot of investors were now investing in bitcoin which brought a good market value in bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: AakZaki on November 30, 2020, 04:28:22 PM
The pandemic have pushed people to shift from the traditional going to digital because of the existence of the covid-19 pandemic which is advisable that as much as possible to face to face and no physical contact must be done to avoid the further spread of the virus. Almost all thing like jobs and studies have been made online so that life still continues as per the pandemic is still existent on our community. With that, transactions made on fiat or physical manner have been made digitalized through online transaction like banking have been offered online and even transactions have been made digitalized to avoid physical contact.
~snip~
For those who are familiar with new technology (via online) this will not be a problem. But in my opinion there are still many people who use traditional transactions, using traditional money to transact, including in my country. So I think there are two positive and negative impacts of covid-19 for bitcoin. On the positive side, Bitcoin cryptocurrency can support a healthy life during a pandemic because it can be used for online transactions. The negatives In the early days of the pandemic the fundamental effect was very clear that the price went down, but it has come back now even the price of bitcoin has risen again.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Mr.sprin on December 01, 2020, 01:50:16 AM
some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Sithara007 on December 01, 2020, 03:23:19 AM
some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.

And in which of these countries, it is possible to buy staples and other essential items with Bitcoin? How many supermarkets around the world accept Bitcoin? The only way to purchase these items with Bitcoin right now is to first convert your coins to gift cards (using applications such as Gyft) and then use these gift cards to make payments at the supermarkets and other retail stores.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Xinarae* on December 01, 2020, 03:31:48 AM
Covid19 will never be long lasting and its survival will be controlled if discovered. Covid19 has had a positive effect on Bitcoin many people were sitting at home due to the effects of the virus. The way to make money was reduced. Bitcoin investment has helped them to solve their problems and many countries have made it easier to exchange money by adopting bitcoin. This is a great opportunity to make money between their economy and the lockdown. Although the price of everything has gone down, the price of Bitcoin is going up.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: CryptopreneurBrainboss on December 01, 2020, 06:12:17 AM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19.

The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.

If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: ILuckyGuyI on December 01, 2020, 04:01:05 PM
It doesn't seem like covid-19 affected Bitcoin in a negative way. Bitcoin price has reached ath and it looks like it will continue going higher than now. I don't know the reason of this pump but I believe it is not related to covid-19.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: cabron on December 01, 2020, 04:08:21 PM


When countries started disinfecting their bank notes all because it tend to be one of the virus carrier, they begin to also adjust to becoming cashless. This tend to put digital payment systems to be an option but certainly some are looking into digital currencies.  And then whenever there is a discussion of digital money, its always going to be BTC that will comeup.

Its due to covid19 that we fastforward the adoption of digital currencies including cryptocurrencies as well. I'm certain its affecting positively.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Luzin on December 01, 2020, 04:22:55 PM
It doesn't seem like covid-19 affected Bitcoin in a negative way.
I agree with you, I think at the moment there is almost no negative impact. Even though the price is very volatile that's what I use to make money. With trading I don't have to go out of the house to meet lots of people to make money. This activity really supports a healthy life during the Covid-19 pandemic.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Argoo on December 01, 2020, 05:02:29 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19.

The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.

If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.
Well, I completely agree with your opinion.  People during the coronavirus pandemic will more use non-cash forms of payment as a means of payment.  Cryptocurrency is still very weakly used directly as a means of payment due to the lack of an appropriate infrastructure for this.  In return, governments will indeed issue their national digitized central bank currencies as another form of cashless settlement.
 The coronavirus pandemic is affecting cryptocurrency ambiguously.  At the initial stage, it sharply lowered prices in the cryptocurrency market, but then it positively and diversified affects both the price of the cryptocurrency and the demand for it.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Silberman on December 01, 2020, 05:09:41 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.
The coronavirus had the effect on bitcoin that I thought it would at first when everyone was worried about this new virus, this caused a crash on the price as everyone wanted to have cash in hand in the case it was necessary, once people realized that it was not as bad as they thought but still bad enough the price went up and we hit a new ATH yesterday and this happened because people are finally realizing that the governments are going to fail to fulfil their promises once an economic crisis comes caused by their money printing activities.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: mezzaluna on December 01, 2020, 05:29:20 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

It is possible for the spread of Corona Virus continue to spread for the following years but we really cannot determine its relation to Bitcoin. Bitcoin is still usable as a currency and its current rise is not even related to the virus. As long as people keep using Bitcoin, it will not lose its value. Seeing some improvements to the vaccine for the virus really helps a lot of people and lets just hope that this will keep people sane so that they will still learn something new like Bitcoin so I guess its effect is positive in some way.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: dupee419 on December 01, 2020, 05:46:15 PM
The pandemic didn't really affect Bitcoin negatively, it actually became a much bigger influence for people to try out the technology of Blockchain and decide to use Bitcoin and probably buy it, unlike real currency, cryptocurrencies weren't even bothered as people are using Bitcoin and other cryptocurrencies to settle payments and sell, as far as I even know, I do think there's a huge increase of people that has started to take trading since the price of BTC gradually went up during this pandemic, it definitely gave Bitcoin the opportunity to take advantage from our current situation.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: gregy45 on December 01, 2020, 06:44:41 PM
China is one of the major players in the cryptocurrency market, the country's strict administrative system, the imperative to solve any problems. The coronavirus is not in a single province of China, it is a risk to economic security.

If the epidemic gets out of control, the consequences could be most severe, given the high level of corporate defaults. The regulator will have to introduce strict measures, restrictions not only on the movement of people but also on capital.

Therefore, Bitcoin, which has gone from a repository on the site to amass technology for cross-border movement of capital, can get hundreds of millions of new users who simply physically restrict transactions with Fiat currencies. Not to mention the fact that mining farms may stop: the complexity of the network will fall, which will be used by other countries.

If we talk about the impact of inter-market relationships of assets, one of the main drivers for Bitcoin is the price of gold and the exchange rate of the Chinese yuan, the correlation of prices with which is obvious. If the coronavirus epidemic forces a state of emergency in the country, it can be assumed that against this background there will be interruptions in gold production, which will lead to an increase in prices for the precious metal. For the same reason, the exchange rate of the Chinese yuan will begin to weaken, which, as in the spring and summer of 2019, may lead to an increase in the price of Bitcoin (then the correlation was quite high).
It seems to me that in this matter of forecasting, it is very important to be able to combine a number of factors together. Personally, I work together with my reliable partner Roust Semy. His extensive experience in the field of cryptocurrencies helps to avoid risks even in such difficult situations.





Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Wapfika on December 01, 2020, 08:45:25 PM
No doubts the pandemic affected bitcoin in a good way, it gave it more popularity and just as you said people were afraid of contacting covid-19 and touching cash was an easy way to get infected, so they looked to cryptocurrency as the solution, cause it's not like the paper money which we can feel or touch, bitcoin is a digital currency so there's no way covid-19 can be transferred through it,so I think we can all agree that covid-19 affected bitcoin positively.
Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. However there are few who became curious during lockdown on how they will able to earn thru crypto, it still give a positive effect as we can see that even it first let the market down when different countries announce lockdown but it was able to recover fast since adoption took place by many.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: sort_cirkit on December 01, 2020, 09:32:18 PM
Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. 
However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Oilacris on December 01, 2020, 09:42:12 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

We are now into the situation where vaccine is almost there so this kind of presumption is already been on the lit side or even if this pandemic continues i dont really

think off that there would be a time that bitcoin would really be come the main currency just because fiat is one of the mediums on transferring the virus and to know that

e-banking or e-fiat had already been a while so most likely people would really be ending up on that option and also im not really a fan on connecting real life events to this crypto market specially with Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Traderbtcc on December 01, 2020, 10:37:59 PM
Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.
Indeed during the pandemic bitcoin became more precious and used around the world, as it served as a safe medium of exchange since handling of fiat was no longer safe, this pandemic gave bitcoin more popularity and has helped it caught the attention of some billionaires around the world, and most of them have finally seen the beauty of bitcoin and has decided to invest in it,  no doubt if the lock down continues (which I don't what it to cause I'm tired) I think we will still continue using bitcoin as a medium of exchange in other not to get infected with covid-19 from cash.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: chanler on December 01, 2020, 10:57:50 PM
I don't know what happens to the world exactly during this pandemic regarding the crypto world. But in fact, many people around me are now willing to be in the crypto world. many people are willing to buy and learn trading Bitcoin and also other cryptocurrencies. They really think that the crypto asset is something unique where it is not influenced negatively by this pandemic. We can still work and get or earn money from it. But I see that there is something missing there. They only focus on crypto because of earning more money and also getting profits. I wonder will they also consider the risks? Or they do not know about the risks?

But exactly, in the global exchanges and market, we can also see many institutions, big industries, and also big companies also focus on crypto right now by putting their funds there.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: MCobian on December 01, 2020, 11:09:47 PM
I am among those who believe that COVID-19 has a positive effect on Bitcoin. I say that because I saw Bitcoin's very good
performance in a pandemic situation, even the Bitcoin price immediately returned to the ATH price. Maybe many people are
starting to realize the advantages of Bitcoin over other assets, it could also because Bitcoin does help improve the economy of
some people in the current situation.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Maestro75 on December 02, 2020, 05:56:26 AM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

It may be because people were locked down and prevented from going to banks that makes Bitcoin have great run this year. You can remember that before the lockdown became severe early 2020 bitcoin price was very poor and around $3000. Therefore we can say that the Covid19 pandemic is a positive one for Bitcoin. If for nothing else I can say that I wish the lockdown continues. I know alot of people will not like this comment.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: #dhabitamartha on December 02, 2020, 05:59:29 AM
bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: fishbonez11 on December 02, 2020, 07:28:06 AM
bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.

Since most people are online now due to covid, we are seeing more people getting interested on how to earn online. Bitcoin now is attached to investment. Its true many have been interested to Bitcoin but there are also people who unfortunately scammed not by bitcoin but by schemes using the name of Bitcoin.

Since the quarantine have begun, the crime rate for scams have tremendously increase. Scammer take advantage of the rising price of bitcoin to scam people. Many HYIPS and investment schemes now are using cryptocurrency to give an impression that it is legit. This kind activity will cause damage to the image of bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: satonako on December 02, 2020, 07:50:39 AM
In my opinion covid and lockdown+stimulus checks effected indirectly positive on bitcoin. People who stayed at home and had more time to receive more information about crypto started investing and trading bitcoin, some people hedged against inflation due to covid caused fiat devaluation and closed businesses.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: CODE200 on December 02, 2020, 03:11:54 PM
Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. 
However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.
Yes. And as this pandemic continues, more people will be aware about the advantage of bitcoin compared to fiat and other cashless payments like atm cards and visa. Although covid 19 brings our country's economy down, but its effect towards bitcoin and other cryptos i think becomes positive though. This pandemic has even made the world of crypto reachable for the people and all those who seem interested in it.
Just to point out something, how come will people be aware of the advantages of Bitcoin in some countries wherein this technology is not widely used? In my country, only few businesses do recognize the use of this technology as a medium but it is more popular during this pandemic simply because many people are holding with the idea of "easy profit" from investing into it. That's I think what encourages more people towards this technology and not mainly its advantages as a digital currency.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Prince Malik on December 02, 2020, 08:02:54 PM
The logic think is that covid must effected bitcoin negativly because many people around the world have some economic isseus so they must sell bitcoin to manage the periode of this pandemic but this thing didnt happen


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: hahay on December 02, 2020, 08:16:54 PM
If Covid continues for 5 years then war will occur because there is no balance in the economy and Bitcoin will not really be looked at because of the paralysis of the internet. So far the price of bitcoin during the Covid period can be seen that even that is fine, or accidentally and simultaneously the Bitcoin trend itself is in a good situation because of the previous halving. So, I'm not sure if Covid is really affecting the price of Bitcoin to continue to improve or it's because of the effect of the previous halving, because it was projected that the price would hit its new ATH but it was a surprise because it can survive chaotic situations, so the conclusion is that Covid doesn't affect Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: dizzy1996 on December 03, 2020, 07:20:52 AM
As for me, Covid-19 had a completely positive effect on the price of Bitcoin, since Covid-19, too, many large companies suffer colossal losses, jobs are lost, production turnover is falling, and much more, Bitcoin does not lose anything since it is a virtual currency and there are no those factors that can now lower its rate, and many large companies, realizing that it is necessary to recover their losses, invest in cryptocurrency


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Gotumoot on December 03, 2020, 12:00:53 PM
It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: pankowri on December 03, 2020, 12:22:09 PM
In the current times, just see the price of Bitcoin and it already hit its ATH value, and still Covid-19 is running. Covid-19 is effective for Bitcoin in many ways and I will try to highlight below with relate to people also,

-- People involved more than before in this time and the demand
   getss increased for that.
-- People in nowadays can't properly work from in front and they
   can work in online easily staying at home.
-- For Covid-19, cryptocurrency is used to trade, buy/sell and
   doing transactions

It can be said Covid-19 is not blessings for us but it is effective in many ways for Bitcoin.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: thesmallgod on December 03, 2020, 01:20:48 PM
The pandemic have positive influence on the price of bitcoin. I think a lot of people by staying at home due to lockdown makes them to spend much time on how to earn online and also a drifting examination of what cryptocurrency is and we can actually established this by the news of people using their stimulus package to invest in bitcoin which actually bring about sudden rise in the price of bitcoin. Also, the spending power of bitcoin become a mainstream discussion as people believe the use of digital currencies instead of fiat will help curb the spread of the virus. I could remembered bitcoin trended on social media such as twitter for many times during this lockdown which is a great indication that people started paying attention to the digital currency often and often, prior to the covid19 lockdown


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: milani on December 03, 2020, 01:58:58 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

From one side the situation with Covid-19 and all those limitations brought a lot of inconvenience and losses, from another side it made lots of directions and services that are working more widely, more ways and methods of making money and developing, new ways of communication and forms for cooperations that nowadays are so demanded and used. But I would not want to accept that the situation with Covid will be really not for a year or two, but the fact is that it will be more likely so. And lots of things will never be the same like in our previous lives, and governments understand, that digital world will be more and more spread and accepted. I am afraid that their strong desire  and attempts to regulate digital world will be rising along with the popularity of Bitcoin and crypto more and more.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Ridwan Fauzi on December 03, 2020, 02:13:23 PM
As you can see until now, the price of bitcoin is increasing more than we expect. At that time I just thought that bitcoin will dump a lot and pass it all time high in 2019 but the dump can in march just for a while its price just always increasing until now. But the halving event factor is also give a big growth and encourage many people to invest in bitcoin beside gold.

We can't deny that when the corona virus came had given a positive effect for crypto currency especially bitcoin. We can now and many people now think that bitcoin is being considered as a safe haven place to store money. Also, new adoption came from paypal who accept bitcoin in their service it means the step for mass adoption is widely open in the next year, yeah I hope in 2021 I will see many companies who accept bitcoin and promoting until many people who it.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: TopT3ns on December 03, 2020, 02:15:19 PM
It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.
Judging from the conditions where exchanges are currently increasing, I think this virus can have a good impact on the increase in bitcoin prices, but the problem is whether in the next few years every increase in bitcoin prices is marked by a virus disaster? It shouldn't be like that, so even though bitcoin has benefited a lot from this catastrophe, there are still a lot of negative impacts.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: lifeforcepools on December 03, 2020, 02:44:12 PM
Wow! You thought really wide to come up with this idea. But most people get their money which they invest into bitcoin from physical jobs they do. So people would start to have fewer bitcoin instead of increased bitcoin.

This is an interesting idea, but haven't many other areas that have switched to remote work increased the time available to them for crypto trading?


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Obi theo on December 03, 2020, 03:45:01 PM
In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Debonaire217 on December 03, 2020, 04:07:13 PM
With the recent news about Covid and Bitcoin, it seems like there are really no negative effects that Covid has done to Bitcoin because of the bullish trend as of now. But before, many people have adjusted and perhaps, lost their jobs due to the pandemic, it has affected mostly the financial aspect of our living especially our economy. With that, more people tend to pursue various online transactions and perhaps, found out Bitcoin as a great tool for transacting freely. I have mentioned the negative implication of Covid to Bitcoin and specifically for me, Covid made people budget their funds tightly resulting in long term holders to sell their Bitcoins. It is negative in the sense that if the holders still have most of their BTC's, they should've sold better on this market price which is comparatively way profitable than the early quarter of the year.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: concept2 on December 03, 2020, 04:23:38 PM
Bitcoin was first affected negatively by Covid19. When the pandemic first spreaded, the financial system crash hard, and bitcoin could not escape from the shadow

However, pandemic also opens a gate for the digital era since people have to work on the internet more often due to the quarantine. Then, they realized that buying bitcoin is one of the best way to save their money from the pandemic, as well as the central banks and the finaicial system. They dont want to become a part of the centralization


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: jeniferqueen0409 on December 03, 2020, 04:38:16 PM
In my personal view, the Covid-19 pandemic happened, affecting almost all industries in the world. However, I do see that only the crypto market is doing well with Bitcoin playing a major role, when the transaction happens, people tend to transact over the internet and the technology to buy or sell or shop with Bitcoin has a positive effect on Bitcoin and I think Bitcoin in Covid-19 will be number one in terms of security over other transactions.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Vaskiy on December 03, 2020, 04:53:19 PM
I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace. In my understanding I don't relate covid-19 with the growth of bitcoin. Even if there is no covid-19 the same pattern of growth could've taken place.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: DarkDays on December 03, 2020, 05:06:43 PM
I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace.
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read  as you can always relate to how you think might react in your investments.

And just by looking at how BTC has performed since the pandemic we can see that not much has happened, if anything you could count this current bull market, showing the opposite of what was expected. By comparison institutional banks and every other business has suffered a lot, and this extends a little to stocks and shares but not so much to crypto.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: 7788bitcoin on December 03, 2020, 05:45:10 PM
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read  as you can always relate to how you think might react in your investments.
You can even think that the COVID had a positive impact on the bitcoin and cryptocurrency market as a whole because the bitcoin market has risen to new levels and so does some of the top alts in the market and it might be because the financial system globally might see a recession and all the huge investors think that the cryptocurrency market can be used as an escape point and it is all because of the pandemic ;D.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: shata on December 03, 2020, 07:18:09 PM
Covid has not affected Bitcoin and cryptocurrency in general but the whole financial market.

Bitcoin's positive effect from Covid is that Bitcoin was tagged as a possible safe haven for a pandemic and economic crisis like this happened in 2020. In 2020 alone, Bitcoin price pumped up from approximately 3,000+ to this December almost 20,000. More institutions have finally eyed and chosen Bitcoin as part of their portfolios as hedge for FIAT. More people tend to appreciate bitcoin and the cryptocurrency as a new way of money especially in this pandemic because physical cash can transfer the virus from one people to the other.

On the other hand, COVID-19 affected Bitcoin negatively only when it was in the 1st quarterly in the year when Bitcoin price dumped very hard with other finanicaassets to like gold, crude oil, even the forex market.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: CaVO32 on December 03, 2020, 07:32:29 PM
In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.

During this crisis, a lot of people have their time to study more about cryptocurrency because they were stuck at their homes. And for searching another alternative to physical cash, a lot of them encounter the use of crypto. Though at first wave of covid, it affected crypto negatively but not long, it recovers again. And look at where we are right now, reaching again a new ATH. And with positive news coming from big companies like PayPal and Grayscale, who are continuously buying btc, people are now starting to realize that crypto is not a fraud at all. A lot of people are having that kind of perspective towards crypto. So in general, this pandemic brought a lot of positive impact to crypto and we are seeing it now in the market.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Chris Barth on December 03, 2020, 09:13:19 PM
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: kayvie on December 03, 2020, 10:15:48 PM
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.
Well, that is true. We can see that even with this pandemic, bitcoin continues to grow and almost reached the price of its previous ATH. There are also more people who started using it to transfer funds as they prefer to do online transactions unlike before where they are comfortable using paper money.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Lanatsa on December 03, 2020, 10:16:12 PM
Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read  as you can always relate to how you think might react in your investments.
You can even think that the COVID had a positive impact on the bitcoin and cryptocurrency market as a whole because the bitcoin market has risen to new levels and so does some of the top alts in the market and it might be because the financial system globally might see a recession and all the huge investors think that the cryptocurrency market can be used as an escape point and it is all because of the pandemic ;D.
True but those are late effects yet the market had declined when this pandemic had started or in few first months where it did make some correction but not really that severe
and the market had moving sideways this is why it isn't really that good to rely with this kind of sentiment.

Crypto market doesn't really always reflect on whats currently happening on the world even though it is mainly connected to economic thing
but doesn't mean that it will always correlate.

So in the answer if its giving positive or negative then it would be in neutral since market isn't attached to anything.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Mejoress on December 03, 2020, 10:28:41 PM
I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.

Of course, bitcoin is one of the winners, but i think we won't see the real earnings until next year (2021)


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Genemind on December 04, 2020, 12:41:24 AM
We can see the big impact of the pandemic on Bitcoin. The first part of the pandemic caused the market to crash since most people panicked and some were forced to sell their crypto for emergency funds. Cryptocurrency is a good alternative for cash to avoid physical contact and transmission of virus thru fiat.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Swordsoffreedom on December 04, 2020, 01:22:34 AM
Covid-19 has definitely had an impact on Bitcoin. in my opinion, it has had both positive and negative effects on Bitcoin. At the first phase of the coronavirus pandemic, the global economy collapsed badly, a lot of people become unemployed, and they had to spend idle time sitting at home.
If we look at last March we can see that the price of bitcoin fell below the 4000 quotas, the negative impact of covid 19 has led to such a fall in the price of Bitcoin.
While a lot of people gave their attention to Bitcoin while in quarantine, many have invested in Bitcoin for passive income because they were jobless. Then, as the world economy began to recover, Bitcoin emerged as a new venture with a large number of new investors and adopted countries.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: jostorres on December 04, 2020, 08:07:09 PM
The adoption of Bitcoin is going up day by day but it’s not much like the way you have said it.
Yes, there are also so many people that are adopting Bitcoin for transactions, then there are also those that are just buying and buying lots of Bitcoin because of the bull run, they are not a bit interested in whatever else that Bitcoin has to offer, they are just for the bag.

If you ask me whether Bitcoin is gaining much adoption in terms of usage, I wouldn’t say the adoption in that area is much, rather they are just investors. And Bitcoin is not the only payment that is contactless.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Latviand on December 05, 2020, 08:30:19 AM
I think this pandemic is the turning point for bitcoin to prevail in the market.

As we are staying at home, unemployed, and minding our assets in the market, bitcoin is really getting much popular right now.

Covid-19 really brings a positive and negative impact to many depending on their life status. Those who look for something profitable online will surely fine bitcoin on the list and if they engaged to it, then this is a good time for them to start and study it. But being straightforward, for me, Covid-19 really helped bitcoin to increase its popularity in the market and community.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: taufik0911 on December 05, 2020, 03:22:59 PM
In my opinion, Covid19 has a positive effect on bitcoin because at this time cash transactions are not recommended and digital payments are more recommended, one of the options is bitcoin
and now also the effect of the pandemic, namely the financial crisis where there will be many people who are looking for the keyword "how to get money online" and there will be a bitcoin option in that keyword and will make many people interested in bitcoin


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: oprahwindfury on December 05, 2020, 04:31:26 PM
Hundred percent it was positive for bitcoin  because more and more people was into bitcoin and  specially for the covid-19,lockdown and safety reasons.As well as this is easy to use and secure so this is heping bitcoin and crypto is helping people as well.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Tahsin Kabir Kollol on December 05, 2020, 05:50:56 PM
The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously. Investors, on the other hand, have increased their value and popularity by investing in Bitcoin during this epidemic. During the coronavirus epidemic, people became interested in learning and understanding cryptocurrency through online business and the exchange of goods or services, which led to an awareness of the use of Bitcoin, chose to invest in it as a source of income and encouraged its use.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: ajochems on December 05, 2020, 05:56:16 PM
I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

The price of bitcoin had the answer for you.Because the price of bitcoin had reached a value of 19k$ again and after 2017.My personal opinion is because of the corona. May be the money take the hidden place as cryptocurrency. It may be cause of sudden increase in bitcoin price over and high maximum.My opinion is Covid influenced the bitcoin positively.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: posi on December 05, 2020, 07:14:18 PM
The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously.
To be sincere, the pandemic crisis affected every business or investment setting not excluding Bitcoin although it indirectly affected Bitcoin through new investors who are affected by economic meltdown/job lost, they are eager to get back their loses and what they are doing is simultaneously cashing out their profit for fiat (this activities ard done most on Paypal) thats the reason why we havent make a new ATH price.





Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: CarnagexD on December 05, 2020, 11:53:18 PM
I would say it did not heavily affected bitcoin despite the surge of interest in it during the pandemic crisis. Millions of people lost their jobs and have sought for ways to make ends meet, unfortunately a huge majority of these people don't have liquid assets in them that they can use to purchase cryptos so they are stuck in a loop wanting to get in to the bitcoin train but cannot due to the lack of funds, and this sums up the majority of the people who blew the internet traffic with their bitcoin related searches because let's be honest here, the people who already had the funds to buy crypto or already have their own cryptocurrencies in the first place is not worrying about this.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: BlogIcoReview1 on December 06, 2020, 02:48:46 AM
I would say bitcoin didn't effect covid-19 because Bitcoin covid-19 day by day increasing and many many business person first choices of Bitcoin only way to excellent profit Bitcoin. In the mean time, Bitcoin is the most top 19 best valuable property in the world.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Robi12 on December 06, 2020, 04:57:33 AM
The existence of Covid or the absence of Covid that is currently pandemic will not have an effect on the price of Bitcoin I guess.  After the Halving Bitcoin always goes up, And this cycle has happened.  Even when a pandemic like this Bitcoin still exists and provides benefits. And Bitcoin has pioneered various digital currencies with the same value as fiat.
Coronavirus is still an epidemic all over the world and I think this epidemic coronavirus has not affected the buying and selling of cryptocurrencies yet and will not fail because this epidemic corona virus has nothing to do with this cryptocurrency when the price of cryptocurrency will fall  No one will be able to say it will increase because cryptocurrency moves at its own pace


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: aysha9853 on December 06, 2020, 09:32:27 AM
I disagree with Covid19 and it will continue for the next 5 years and have a lockdown effect, world pharmacies have also discovered the Covid19 vaccine and it has been circulating in various countries, I don't think it will continue to Covid19 and I hope I will never experience something like that again, bitcoin has Covid19 or not, will still follow its positive trends if large companies continue to enter it until governments in various countries recognize it


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Travel Standard on December 06, 2020, 10:19:31 AM
I think  bitcoin was impacted positive by COVID19. As far as i know that friends and also me started our business through bitcoin because of COV-19. This was a chance to step up by buying cryptocurrency specially bitcoin. Because offices are stopped, colleges and real world market has been closed down. The only way we can invest is bitcoin buying. Because order is stay at home.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: The cure on December 06, 2020, 11:09:37 AM
We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Nellayar on December 06, 2020, 11:18:49 AM
We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.
LoL. It is not 100% the reason why bitcoin goes up. The correlation of covid 19 in bitcoin seem to be far since there are many alternative ways to earn online not just in cryptocurrency. However, there is also a chance that people see bitcoin as earning and turn their eyes in trading. But I don't think that covid 19 brings positive in btc because the economy really affected. And gold as well as dollars goes down that made btc declined lasts quarter of the year. I believe what paypal announced is the main factor affect the current btc price.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Banulit on December 06, 2020, 11:38:32 AM
Seeing how bitcoin still manages to maintain a very positive trend/graph amidst of pandemic is a good indication that covid-19 even really messed up the whole world still have positive contribution most especially to the crypto-world. One big contribution of this covid to the cryptoworld and most especially to bitcoin is many people acknowledge and now using bitcoin and crypto as mode of payment and transaction knowing that online transaction is mostly being used recently due to pandemic period.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Luzin on December 06, 2020, 11:38:53 AM
will still follow its positive trends if large companies continue to enter it until governments in various countries recognize it
If you look at the regulatory phenomenon around the world, I think they actually know. You can see it here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. However (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. However), some countries do intentionally prohibit, legally within limits and legalize it. They have different thoughts, because currently there is no possible regulation of the agreement between the two countries.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: lulumiya on December 06, 2020, 11:47:32 AM
covid-19 has had a positive impact on the crypto money market and continues to do so. At this time, people are looking to invest more. We can say that this increases the prices.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Noctis Connor on December 06, 2020, 01:15:19 PM
I think Covid-19 has had a positive impact on bitcoin, the price of bitcoin dropped in the early days of the coronavirus attack but it recovered very quickly. Did you notice, Bitcoin prices continue to rise despite the Corona outbreak? Now the price of Bitcoin has reached new ATH despite the Corona outbreak around the world.
Yeah it is because some of businesses are need to close temporary because of pandemic and some of those who works are needs some funds to support them selves from the financial problem that we need on our daily needs , as of me i don't have work at the moment so i get so funds from selling bitcoins maybe some of them are starting selling their coins too for money for some daily needs that needs to be done, and now people are recovering that now bitcoin is highly price though.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Iranus on December 06, 2020, 01:17:05 PM
The price of Bitcoin has risen further since the coronavirus outbreak, and the price of Bitcoin has not risen as much over the past two years as it has this year. The coronavirus has also led to an increase in Bitcoin users, who have been on home quarantine for months, and people in countries where cities have been locked up have had the opportunity to learn about Bitcoin during this leisure time, and many have invested on Bitcoin. So, I think the attack of coronavirus was not able to stop the speed of biopsy.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Nhor1011 on December 06, 2020, 01:37:42 PM
I think, the pandemic has a positive effect in bitcoin because during the quarantine period, many people are inside their house and they can only use internet and gadgets to know about everything including cryptocurrency. Because of these circumstances, many people choose to work online just to survive hard times. Covid 19 became a way for others to learn and start using bitcoin to make money. This pandemic has increased the demand for bitcoin and many rich people are also now attracted to invest in it due to the positive output from bitcoin towards the community.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Question123 on December 06, 2020, 02:07:14 PM
The price of Bitcoin has risen further since the coronavirus outbreak, and the price of Bitcoin has not risen as much over the past two years as it has this year. The coronavirus has also led to an increase in Bitcoin users, who have been on home quarantine for months, and people in countries where cities have been locked up have had the opportunity to learn about Bitcoin during this leisure time, and many have invested on Bitcoin. So, I think the attack of coronavirus was not able to stop the speed of biopsy.
This is also what Im thinking because people is home only they need to find a job and that is online and maybe majority of them are fount the bitcoin and they start investing and trade so the value of the price rise.

This outbreak helps us to up the bitcoin again but suddenly there is a lot of people died so corona virus have good and bad effects for the people.

They have chance also because of the Pandemic others sold their coins because they need money for their daily needs but majority of the result of outbreaks to the bitcoin is good.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: Kusman on December 06, 2020, 02:30:54 PM
apparently positively effected. Although it fell to $ 3000 in panic at first, it now goes up to 19800. Perhaps such a rise would not have happened without covid-19.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: ardentvolcanoes on December 06, 2020, 02:36:02 PM
covid-19 has had a positive impact on the crypto money market and continues to do so. At this time, people are looking to invest more. We can say that this increases the prices.

With more people who shown their interest to invest the market seen a good rise in value, with this virus people's fear lead them to find alternative

ways to invest their money, one good place that they've found is this crypto market, where they have chances to earn if they start to study and learn

the process. That's effect the entire market as there are many newcomers to start investing.


Title: Re: Did Covid19 effected bitcoin positive or negative?
Post by: lepbagong on December 06, 2020, 07:15:18 PM
apparently positively effected. Although it fell to $ 3000 in panic at first, it now goes up to 19800. Perhaps such a rise would not have happened without covid-19.
all can have different opinions and that's okay to add to the insight that we continue to update.
maybe I don't agree with you, friend, about the covid-19 that you say affects bitcoin. Before the outbreak of the Covid-19 pandemic, bitcoin from 2018 had indeed decreased and it is clear that it has nothing to do directly with Covid-19. Likewise about this increase, whether due to the influence of Covid-19, I think it is too risky to say that.

Bitcoin and pandemic do not directly affect each other because they are clearly different, maybe people say that with the pandemic people stay at home and continue to be more active in crypto, I don't think so. because people are already troubled by a pandemic and the need to be prepared for everything has made them confused. only those that are well established may not be directly affected by the pandemic and can do things more at ease.