Bitcoin Forum

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.

In theory the pandemic is good for bitcoin. In practice it's probably bad.

The economic effects of the pandemic highlight the deficiencies and inadequacies of fiat. Particularly the 'print more money to get yourself out of trouble' response. So in theory this makes a decentralised asset with a maximum supply an enticing proposition.

However... whilst bitcoin's long-term future may be as a safe-haven asset and a store-of-value, for the moment it is still widely seen as a highly speculative asset... a 'good times' option, something to throw some money at in the hope of astronomical returns. This also means that it's the first thing to sell when there are signs of economic trouble. So given that we haven't really yet seen the full effect of the economic woes from Covid, we should be aware that there is a chance that crypto prices may fall significantly. Or they may not... they've been quite resilient so far. All we can do is make our informed best guesses, no-one knows for sure what will happen.

The pandemic has lasted for a number of months now and has already greatly influenced the financial markets, so in a way we have seen how the market reacts to economic changes based on reactions of investors. The situation can change overtime due to newer events and factors, such as cancellation of new stimulus checks, loss of jobs, increase in fiat inflation, etc, and all these gets prices in by investors and traders leading to a regular change in the charts. The market rarely remains static overtime and investors always have to anticipate changes.

To answer your topic title, Pandemic: good for the bitcoin market or bad?
I would say, it is a little bit of both. The pandemic has led to the shrinking of economies globally and lowering the money in circulation meaning people have less money for investments. It has however also shown how Bitcoin is resistant to inflation and could serve as a sort of hedge especially in nations where their legal tender has taken a huge but due to economic crisi, hence driving them to Bitcoin.

The stock market comprises a lot of firms and companies which I do not follow closely, but I assume you should analyse them individually rather than a a a broad market as they react differently to changes, similar to how you identified Bitcoin out of the entire crypto market.

We can not say it is good or bad for the bitcoin market, but we have already seen that the bitcoin market gets the pandemic's effect.
But that is not taking too long for the bitcoin market to rise again.
And now the price stays at the $11k range.
People tend to search for a new job to have money, but unfortunately, the position of those new jobs will not be too many, and only some people who have skills that will be accepted.

But for bitcoin, I think that makes people know another new payment method to pay since, in many countries, social distancing has already been used.
By using bitcoin, I think people can minimize using paper fiat, which is reluctant to have a virus or something that we are not seen.
Besides using digital money from their countries, maybe people can start to use crypto to buy something in local merchants, and they don't need to touch anything to pay except using their mobile phone.

So far the bitcoin and Alt coin community made it pretty well through the corona pandemic. The bitcoin price has stayed almost the entire time above $10,000. We see that market evolved a lot over the last 5 years. Investors have more confidence in cryptos these days. But I still think the pandemic is bad for cryptos, because people have less money to spend and unemployment is rising all around the world. Without the pandemic this year the bitcoin price would likely be much higher.

The market will always respond no matter what the world is facing. It's already an established market and even any acts of God will come to the world, bitcoin market will stay as long as there's demand and the market cap is stable. What's important in your part, know your status during this pandemic if you're okay to let money out of your pocket going to flow and converting it into a bitcoin asset or holding. If you understand the risk and you're fine with the amount you will be investing, no problem and buy. Otherwise, continue learning more of it and mitigate risk.

Based on current trends, the pandemic has been pretty favorable for the cryptocurrency market overall since most people favored digital payment systems over physical FIAT due to the pandemic which helped cryptocurrencies prices grow in the short term.

This helped many people realize how useful cryptocurrencies truly are in any situation. However, you should only invest what you are willing to lose op.

The cryptocurrency market is very volatile except for certain currencies like stablecoins etc. Don't expect a stable experience when investing into this market.

Pandemic is never good for anything, not for bitcoins, not for economy , not for anything else but when you see in the bigger picture , pandemic have made people to choose another option, option other than banks and big companies. Now what they are doing is : Switching to bitcoins , to try and get jobs which are well paid for in bitcoins, to explore their options etc.. I have seen people asking me things like: "Hey, are you still into that bitcoins thing ?" So I send them the link to the forum and I believe they can explore, give it some time, see how they can run their businesses internationally, online , thorough cryptocurrencies.

But bitcoins have performed extremely well during the pandemic, it actually didn't go into a recession and therefore it's also attracting people from stock markets now.

If bitcoin gets treated as gold in some day, it would be good for it. Right now marketcap is too small for not to be highly volatile and it takes hits with the stock market. I think that this benefits only assets like Gold right now. Otherwise it's bad for the whole economy.

I think why those people engaging in stock market had been doing in bitcoin due to the fact that bitcoin has promising impact in trading due to its market price volatility.

However, it still risky because of again the volatility. I think they could manage to get along with bitcoin volatility because stock market trading is same as cryptocurrency trading. As observe I agree that cryptocurrency during the pandemic has gone good.

If you look at the chart when pandemic started you will see that Bitcoin is going up if we are looking at BTC dollar value, but same thing happened also in stock market and with gold more or less.
More money is printed that caused all this markets to pump, so it was good for Bitcoin, and it will have even bigger effect in near future because more dollars have been printed than ever in history.

At the beginning,it's seems pandemic is good for bitcoin.Actually it worked too,many hidden money was get into cryptocurrency.This is the cause of rise in Ethereum price also.But when workers loss their job and hard to get money for their daily expenses.Most of the holding bitcoin was sold at very low price and lead to the fall of price again.

I guess you need to ask your self about risk in investing on bitcoin. It's a very volatile asset and as much has we wanted to anticipated where the price is going, we really can't. So ask yourself if you can take that risk, and then how are you going to look at it, are in for the short or long term? So far since the pandemic bitcoin has bounce back so I would say that it did bring the worst and best of the situation. If you are not ready, then it would be better if you steady the market and think about how much you are willing to invest.

The initial hit that pandemic did was in March. Prices of everything drooped back then. Gold, Tesla shares, Bitcoin, ...  Now I dont think something like that can happen again. Bad things like delays with vaccine can just prevent Bitcoin to go up.  If you are buying on long term, there is totally zero question. 10 years from now Bitcoin price will be way higher as it is now. Yes in the mean time can go down. Even a lot down. But why would you care.

In my personal point of view, this pandemic has an effect in the current market of bitcoin and other trading such as stocks or forex. It affects the market by means of devaluating the fiat or gold. We all know that the price of bitcoin is still affected by the price of dollars or gold. Another is that, it seems like the crypto trader goes slow down in investing or buying crypto market coins due to the threat of pandemic. They will probably serve their money as savings than to use it to buy cryptocurrency right now.

Actually it is depending on market. As pandemic is affecting on market, investors are not available in all sector. But in this pandemic situation, more people are joining with bitcoin.

As long as you have money to invest and are prepared to take the risk, then I think investing anywhere will be good for you personally. That way, whether there is a pandemic or not, investing in bitcoin I think is a good idea because even the world is hit by a crisis but in fact, the price of bitcoin is able to be more stable and even continues to rise recently. If you want to invest for the long term then now is a good time, but if you just want to make quick profits because of this pandemic, I think it would be better to buy in other cryptos that are more volatile. It all depends on yourself, how much you are prepared for the risk because when it comes to the bitcoin market I can't guarantee that you will easily make a profit if you don't have patience.

I dont think it will have a crazy effect on the crypto market but in general I would think it would affect all markets poorly.  Less jobs open, less money people are making.  Tighter hluseholds limit "extra" money for investments and the like.  I think there is always a snowball affect when dealing with these life situations.  But hey who knows maybe it will end up being good with people wanting more personal control over their money now  :)

Bad for those who filled their bags already with expensive stocks assuming that they will be super rich this year, but the tables turned badly for them. Good for those who were waiting for an opportunity and this pandemic landed that sank even the best performers down to levels that made several investors bankrupt.
Bad for the pre-pandemic Economies, Good for the post-pandemic investors.

In theory, it's good for all the cryptos. Prices most probably will rise more.

Still, I prefer not to gain in this way. Cryptos are strong enough as a concept to 'win' over time and without suffering human beings.

We can't make any confirmation regarding the pandemic and relate the same with bitcoin market beyond certain criteria. No one knows how the bitcoin market gonna change, because the growth isn't of limited features like demand to supply and limited availability. The market depends on more other speculative factors, news associated with cryptocurrencies and many more.

During the pandemic as a boosting to the bitcoin users the growth took place, while the stocks were crashing like anything. From big bag holders point of view it is good, and from person missing the chance of buying low find this bad. Because, everyone would've thought of making an investment by the crash.

I am not sure why but your title and what you said in op is completely different. But anyways, in a broad perspective Pandemic has not done any worse for the crypto space. In fact people are more engaged in the crypto currency these days and I suspect it's all because they were at home and had plenty of time to spend on it.  :D

So yeah until now that's what situation everyone is carrying forward. Also, this has affected everyone in negative way in real world while neutrality exists in crypto space. That's my take on this one.

It is definitely not good, how could a pandemic that closes the whole world could ever be good for bitcoin.

I understand that some people think since it caused almost all nations to print more money that the fiat world will go down and that devaluation will cause bitcoin to go up, but you are forgetting that price of bitcoin is decided on supply and demand which means if people do not have any money due to pandemic the demand can't be high, supply doesn't change that much. So that means pandemic wasn't good for bitcoin at all, price was around $9k or so beforehand and now it is over $11k so we can see it like it is doing alright but we will never know if it would have been even bigger without the pandemic, since its a null point because pandemic happened and the alternative is unknown.

If you see the charts and statistics, it clearly states that despite the pandemic, bitcoin didn't fall but continue to be stable and rise at the same time. So, I have no idea for what you have to wait to see? In any case, pandemic can't be considered as a good time for anything, even for bitcoin because there were a lot of bitcoin holders who had to sell bitcoin because they needed fiat or just money when they left out of income. We don't even know what would happen without pandemic, maybe we would see higher rise in price? Who knows...

It is hard to say whether this pandemic have brought a good or bad impact towards Bitcoin for that is really very crucial in nature. Yes, we have seen that there is an observable growth in terms of pricing that Bitcoin have obtained all due because people are switching from stock market going to the crypto market and putting in their assets from fiat going to crypto to save up their funds since the pandemic have a direct hit and effect towards stock market standing. Although it cannot be seen since people are focusing on the growth of Bitcoin brought by the pandemic, still this growth is considerably a negative one for who will enjoy the growth brought by economic crisis. Also, there is a big potential that small time investors might be pulling out their investments or selling their Bitcoins at lower price to sustain their necessities for daily life basis due to the negative impact of pandemic which causes loss of job and to be able to sustain daily needs selling Bitcoin at lower bidding price will be many people's choice especially for the new ones which will create a declination on the price of Bitcoin as long as people will keep on doing that on call to their situation amid with the pandemic. So basically, pandemic do have a positive and negative impact on Bitcoin that will also dependent on the people's perceptions on how he will see it.

You should already see how bitcoin performs during the peak of the pandemic months ago.

On the other hand, the stock market falls as obviously, it took the direct hit.

Now for the question, if it's good to invest in bitcoin and stock, it should depend on how do you see the situation.

a) Bitcoin, as always, doesn't have the right time to make an entry as long as your strategy considers a certain point as good timing to get in.

b) The fall of the stock market can be considered as a good time for those who want to make an entry. They are waiting for this. It's difficult to imagine that the same bottom will be seen in the future unless another catastrophe will happen again around the globe.

But bitcoins did not made the people suffer not bitcoins are in any way behind the existence of the deadly corona virus, right?

If a particular negative incident causes benefit to other sectors or assets (I am not sure the virus did any good to BTC but in case it did) then it is just a co-incidence and we cannot blame bitcoins for that. This actually shows the robust nature of bitcoins that even in the worst times it stood strong and despite having a few hiccups we are not back in the right direction again.

I wonder how bitcoins are positively affected by the virus though? It's not like people become rich during lockdown and purchased tons of bitcoins right? So, people who are saying that BTC is positively affected by the virus might want to explain how that happened because I have only seen people selling their stuff and even investors were sedate during such times.

The situation right now for a newbie is very difficult because the market can change the trend any time especially if there's a news. I'm not saying that you should panic, what I'm saying here is that you have to be more careful on investing and always do your research even if you plan to buy bitcoin. The pandemic doesn't affect the whole cryptomarket because there's a pump in the past months and that is a good side of a good market. You need to learn more, don't think negative and boost your confidence so you can know when to buy and sell cryptocurrency.

It is hard to say. I feel that this question is a little bit abstract. The market can not feel anything so it does not know whether it feels good or bad. Only us, investors, and traders who try to anticipate the price of bitcoin for profit are strongly affected by the pandemic. All I can say is that the market is healthy enough for us to make money during this event. And no matter how the price of bitcoin is, people still develop the technology and blockchain inside it for future purposes. Price is only an aspect of bitcoin which traders/investors concern about.

In my opinion, the market is quite good when we compare it with other assets. Look at oil during the pandemic. It dropped significantly without any barrier to hold it back. Bitcoin only lost 60% of its price and now, it has created the highest peak of this year. Many people are waiting for a next bull run in case you want to know

To stop being ignorant, why not try engaging in bitcoin trading or stock trading? Through that you will get experience which will broaden your knowledge and initially remove some of your ignorance about it. I am sure you will get into it and will be good trader. Practice first, you can start with small investments for practice trading.

Based on what is happening right now, I could say that it is good for the market. It is said that since we will be experiencing inflation, people are tending to put their money into assets or investments that will not be affected by it hence people are putting it into crypto currencies, usually bitcoin because of the effect of the pandemic to bitcoin is not that much.

The pandemic caused an economic slowdown because the cash flow in the real market (from industry and services) was stopped and it needed to be moved elsewhere. We have seen the gold, stock and Bitcoin markets increase in value during the pandemic, which is how money flows. I don't find it strange that bitcoin is bullish. But the post-pandemic problem is whether bitcoin maintains its growth or is sold off as quickly as other assets. Gold, for example, in 2011 reached $ 1900/ounce and then returned to $ 1100/ounce.
In the meantime I see this recession in favor of bitcoin.

There two major forces to be considered: (1) monetary inflation and (2) GDP decrease or income reduction in general. Hence, the result will depend on the dominant force. This situation is also reflected in historical analysis when the (2) made the price dumps, and the (1) made the price rebounds. By the way, the market has recovered so that the price will swing between support and resistance line as usual.

I'd argue it's bad since if there were no pandemic, the price would likely higher than now.

I think, the pandemic has a good impact to bitcoin market. From the start of lockdowns, bitcoins value are not going down and now it soar high again. That because many people now are investing in bitcoin. If you want to invest in bitcoin , just find a good timing to enter in the market to invest.

I also think that as well. Pandemic has usually caused so much troubles in all aspects in life but when it comes to bitcoin, it became an eye opener for people that bitcoin can be a good alternative currency once bank transactions with fiat is hard to perform. Not only that, bitcoin has also given lot of opportunities for those unemployed people who have special skills when it comes to crypto works. So this pandemic is not that bad at all for bitcoin.

Pandemic is bad for Bitcoin, if not for the March sell off Bitcon would be higher than the current price it has now, so many people have lost their jobs and some have seen their income significantly reduce because of the pandemic, some people have sold their Bitcoin because they have lost their jobs and need money to take care of their family. Anything that will set the whole economy backwards is bad for BTC

Nah, I think differently. Pandemic or not Bitcoin is bound to reach new heights and the price today isn't caused because of the pandemic. It's just that Bitcoin isn't affected by the pandemic like the stocks, obviously.
The only thing I could perceive something good for Bitcoin amidst this pandemic is that, people had enough time to read and understand cryptocurrency due to community lockdown, and everything else is bad.
The pandemic is actually bad for almost every aspect in our society and our lives.
You guys dont assume it's good for cryptocurrency. If you think Bitcoin gives opportunity for those who lost their job, remember investing into project, crypto trading, and other form of investment in crypto space needs enough time to understand to reduce the risks of lossing your capital. Don't expect these new people to crypto to generate profit as easy as selling basic necessities in the grocery.

It somehow give a good effect when we are talking about the adoption and awareness. Those who were affected by pandemic were trying to seek other opportunities that's why they have chosen  bitcoin. But also, theres a bad impact.
 
  As you noticed, the market crashed longer than expected while we are on a pandemic stage, economic status also down. And the good thing right now is that we are all recovering from that.

I will suggest you to wait for sometime before making a decision to invest in stock market or any government bonds as it is not the right time because the weak economy is held by stimulus packages and it is hard to estimate how long it could hold firmly. If you want to invest in bitcoin wait for a correction and invest and even if there is a recession i am sure it will hold firmly than the rest of the financial assets.

In some ways it was good for bitcoins because people started using more digital payments and when we talk about digital payments somewhere the crypto factor always comes in the talk. I am not saying that suddenly people started paying their rent with bitcoins but there is more awareness now about bitcoins than before and more investors have come through like a company recently invested around $50m in bitcoins.

The negative impact though on bitcoins because of the pandemic was that a lot of people liquidated their digital assets to maintain liquidity in their stocks market and some even to survive and that is the reason we saw a crater kind of drop a couple months ago in March when people thought Bitcoins would die but that was only because a massive number of investors liquidated their assets.

I don't think that it is good or bad for the market.

Pandemic can't actually affect the market directly, the pumps and dumps that we've seen in the past is not the effect of the pandemic but the effect of the pandemic to the people. I think it is the people being affected by that and these people having these choices making the effects on the bitcoin market and other cryptocurrencies.

Vaccine's are in trials and many potential to be released by quarter 4 of this year or in 2021 so provably it's best to invest on government stock bonds while the value is cheap since once all will comeback to normal the price of all stocks will rise and by that we will be lucky to buy them up when the price is so cheap. Although it's facing a recession by now still it's good to observe and act according to the current happenings.

No one could tell what could really happen with investment after all will get back to normal or this new norma will going to last for more years and we will always be like this keeping away from each even families just to observe the social distancing, wearing facemasks and other minimum health preventions measures.

However, as OP pointing out about investing on stock bonds then I think it would be better just make some research on what bonds are good for investment.

I cannot tell for sure, but to be sincere at first I used to think that the pandemic is bad for Bitcoin because the price went down during the pandemic, but someone kept saying that that’s wrong, because they believe that the pandemic is a good thing for Bitcoin, and based on their reasons: with the pandemic and having a lockdown, more people will come to realize Bitcoin and it will lead to more increase in the use of Bitcoin.

Although I am not sure about this, I have always believed that the adoption for Bitcoin keeps increasing everyday irrespective of what people think is causing it now. Anyway, everyone will always have a different opinion.

https://i.imgur.com/6T3pnNX.jpg

This is the WHO present data regarding the vaccine development. We have not heard about positive results and we have no idea when the vaccine will get approved for general use and when it can be produced on a global scale. It will take a very long time to get the clinical trials successful and then after extensive test you could get the approval and it will take years.

But even with this "slow" development in vaccine, I believe we will be seeing commercial covid vaccine by next year. Right now, if you want to invest, you need to assess of course your current financial situation. Can you afford to invest in a volatile market? How far can you go in investing in crypto?

But even with pandemic, bitcoin didn't plunge much and now we are more than $11k. So I guess, the pandemic is more on the positive impact in crypto. More adoption I believe. As there are newcomers in crypto owed to the fact that people are looking for alternative payments or options for their investment funds.

I don't know if newbies could cope up already with what we are trying to say but with just a little research on the internet is enough. Learn always the basics before entering any kinds of market although it may take a long time to learn almost everything here but it's worth the wait.

And about with the pandemic, I haven't seen any connections that would change the entire market although I'm a little surprise when Trump news about having a Covid really changed the behavior both stock and crypto. So, I think it has a little connection to the market but the price just went up after a couple of days or more.

In my opinion, the pandemic effect to bitcoin is quite positive, when the fiat currency fell hit by the pandemic, BTC has actually increased since the beginning of January 2020. This means that since the global pandemic the cryptocurrency market is getting more active. the reason, when more people stay at home and looking for their economic solutions they use digital money or cryptocurrency for transactions or investments without worrying about the global expanding pandemic.

Indeed. Bitcoin and other cryptocurrencies show stability and growth since the pandemic has occurred worldwide, especially after bitcoin halving. Only the stock market and banking system suffered due to the recession that only bitcoin has saved our assets from falling. The only problem that we face during the epidemic is paying high transaction fees that many investors and newcomers have trouble paying these high fees.

If you take a close look at the cryptocurrency market, you can see that the pandemic had a negative impact on the performance of Bitcoin and other cryptos. We were expecting a big spike after the block reward halving in May. To this date, this spike has not realized and I believe that the economic downturn caused by the pandemic is one of the reasons for that.

The epidemic is much better for the bitcoin market everything was affected by the epidemic bitcoin was not affected the stock market suffered a lot due to the epidemic but with bitcoin investment the markets are re-emerging this is doubling the demand for cryptocurrencies. Many countries around the world are also supporting crypto to revive their economies the pace of the stock market and the economy has picked up a lot.

I would say that pandemic brought bad to our world economy that affected lots of businesses and may got jobless because of it. In terms to bitcoin or any crypto currency, i would say it's neutral because during that early weeks of pandemic bitcoin crashed so hard that people also got panic about it and market went really bad. Gladly, bitcoin still recovers slowly even pandemic is still on us and that's what make bitcoin a real survivor.

The economic situation has an indirect effect on the crypto market. We have seen the market somehow crash when the pandemic started but it recovered in the middle phase of it. I would say it is somehow favorable for crypto since most people had to get their cash out of stock market, and some must have jumped into crypto.

ah so your involved on this business before but you got lost a little because of pandemic ? but how you got lost ? did you stop .

stoping is not necesary to do but you can still continue on what your doing because people here did the same thing . no pandemic can affect us so as you because we are stronger than it  .

 the pandemic was going for a long time and what did you do by that time , you did not observed the market ? but the market did already responded and adapted the change  . theres no problem anymore and your now welcome here again if your still planning to comeback

But if you think carefully crypto market should not be affected because of that .they are just panicking that it will also crash the same thing as stocks .but if you look at the bright side this is the only good option to invest during that time when many people need to stay at their home and its hard to find other income opportunities even their job is affected but crypto market is not. which means they can make money in crypto even in pandemic time.

In the sense that investors who are tired seeing their stocks falling, finding new venues brings favorable for bitcoin and some other crypto coins. The pandemic scares lots of people and trying to survive finding other avenue to start a journey brings them up to crypto market, with new sets of investors and new flowing money the value of cryptocurrency survives.

We can say from that point,  it's an indirect favorable situation that brings more interest to this industries.
The more interest the more it will grow and attract new investors to bring more value to this investment currency.

If you look at the stable performance of Bitcoin in 2020, I don't think the pandemic will affect the Bitcoin price.
After the stock market crashed during the COVID19 pandemic outbreak, many traditional market investors began
to switch to investing in Bitcoin. And also with the economic crisis around the world, making some rich people
choose Bitcoin as a safe haven. so the pandemic is actually good for the Bitcoin market.

The pandemic is good for the bitcoin market because during the lockdown many stock market crashed that gives many investors to try bitcoin for investment that really surprised them with good profit. Covid-19 affected so many economy in the world but bitcoin was still steady and stable in the market.
Many new users are still joining the Bitcoin investment which they have see with their eyes the way other investors who are using bitcoin to invest, and  the way they are smiling in profit making despite the pandemic that is affecting other stock market in the country.

Hmm, you're correct. Bitcoin has provoked the lantern of hope to people in this pandemic dilemma. People forfeited their jobs and had difficulties shutting down their businesses. Overhead all, Bitcoin did not disappoint. Its market conditions are at their elevation and are expected to persist so. Bitcoin's position is not fluctuating much so its ailment is good. Contrarily, everyone would go after a lot of misery  :).

In fact, the Covid 19 pandemic oubreak and the Bitcoin's value and market does not correlate.
The pandemic never help nor negatively affect bitcoin, if there was, maybe affected with such low percentage, maybe less than 1%?

As what you just said, it's the stock market that undoubtedly crashed because of this pandemic.
Most of them (if not all) are dependent to the capability of people to buy or request for their products or services.
Covid 19 greatly affect that in a negative way.

Bitcoin is an unofficial and limited currency. When a pandemic occurs, the cash flow does not circulate to economic sectors such as manufacturing and services, but it flows to other channels. Bitcoin is one of the channels through which money flows.
Recession is not good for the world economy. We still often see every economic recession, economic indicators decline due to cash flow withdrawn. This economic downturn, confusing cash flow is that they focus on US stocks. I am not surprised that bitcoin, gold and silver have risen rapidly since then.
I just noticed that during the pandemic, Bitcoin was a good non-cash payment means.

I speculate it's good for cryptocurrencies now time. Because of this pandemic duration, people can't depart outside for work, and abundant of their work on the outside is not authorized that's the crucial point of boosting online performers and people detailed their business or shopping through using online and digital money also. In this catastrophe, people get the chance to know about crypto and use it. There are many ways to earn in cryptocurrency. So this can be the reason for having a good time with Bitcoin.

depending on the situation in various regions, if in your country bitcoin is legal and active every day a large enough volume of course will have an impact on the economy in that country, although not directly visible.
and will not have a bad impact on countries that still have not legalized cryptocurency.
there are advantages and disadvantages.

if look at the global market then I see the Bitcoin market is very good in this "PANDEMIC"..  This "PANDEMIC" does not really disturb the interest of investors and traders to make transactions in the market, just look at the Bitcoin price in the last few months, Bitcoin price has stabilized in the range of $ 10k- $ 11k.  I have also seen some people who have lost their jobs or who are working at home trying to buy cryptocurrency as their initial investment..

Bitcoin has played an important role in the midst of the pandemic for people who have turned to it in search of earning an income. Due to the high unemployment that some countries are suffering. Take as an example this article published by Cointelegraph that refers to how the Egyptian economy in the face of recession is benefiting from trading and mining Bitcoin. It is an analysis that AI-Monitor revealed that young Egyptians are beginning to invest in cryptocurrencies.

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-use-rise-in-egypt-amid-economic-recession/amp
 (https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-use-rise-in-egypt-amid-economic-recession/amp)
This must be happening anywhere in the world with the interest that people have in earning a new income with Bitcoin and cryptocurrencies.

during times of international pandemics, Bitcoin became a protector against inflation, for the same reason as gold: limited supply. One of the main drivers behind the shine of Bitcoin is the combination of stability and flexibility it offers. In this context, it is encouraging that today investors do not only see crypto as a stable hedge against US dollar inflation.
if they only see crypto as a safeguard against a pandemic crisis it seems legitimate.

You need to take into account the viability and the economic risk when you bet on a vaccine to come out next year and no one can give a guarantee regarding that and if the wave of virus keeps on returning it will be hard on the economy as well and if you take all these risk into account i would restrain from investing in any stock market for a while.

The bitcoin market is holding up and the stock market is holding up as well as i expected a major crash in the stock market and that never happened till now but that does not mean that it will be able to hold like this forever.

It is true that the stock market is behaving weird for a long time, when the pandemic was declared i was expecting the stock market to crash badly but that never happened but we know that the economy has slowed down considerably and the economic packages might be holding the market, prime example a positive result for the president had a reaction on the market while major production were put of halt and that is not evident in the stock market.

Pandemic is good for the bitcoin market, but it does not actually affect the market. Instead, it actually helps as we can see its use than fiat in times like this. However, there's still a lot of people who do not see the value and the good use of bitcoin because of its background.

There's a lot of money printed out, but it's economically slow. Maybe a part of it has been poured into the crypto market helping the market well. From my point of view !

There are some instances that the halving didn't create a positive effect on the value of bitcoin, I think we are still lucky that the price went up and it didn't dump. I don't know how bad are you thinking it is but I think it is one of the best scenarios to happen with the market. It did fell but it didn't even last for a month since it just went back up.

The market thus not reflect the economic situation but if the series of lockdown continues then definitely the market might slowly experience hard time because businesses operations are disrupted. However during this time of crisis, the market shows strong and I believe it can withstand this situation.

i dont think bitcoin is so much affected from the pandemic. if we were in 2017 i think it would affect more. Nowadays bitcoin behaves similar to gold. If pandemic ends with a vaccine or sth, both gold price and bitcoin price may probably drop a bit but i dont think there will be a sharp decrease.

Fortunately, Bitcoin remain so safe and stable in cryptocurrency market amidst of this Pandemic. And it gives more opportunity to anyone for investment. Others are right that this pandemic infavors the growth of crypto currencies, because of so many losses that we had in physical world, a lot of people are turning into digital world doing online transactions and other earning ways in blockchain platform. I guess, bitcoin will remain as it is and will never be affected with this pandemic as days goes by.

Pandemic in general is bad for every type of economy and currency. People forget value of everything and puts their life ahead of everyone and everything. However, every tunnel has a light end, and after a pandemic, we see how we recover and the market recovers and everything. It's truly wonderful to see it when currency value goes up. Pandemic in its present is bad for any currency be it fiat or crypto but after pandemic when people recover, every currency goes up. So it's a very nice time to buy and store crypto and stocks!

I thought it was a good day for bitcoin. Because many people stay at home and try to earn income without working outside the home They could have invested in bitcoin, and started a life of cryptocurrency, giving rise to many investors towards bitcoin. Another possibility is that due to the pandemic, Many people sell bitcoin out of necessity every day.

I do not agree with the fact that they had to take their money out of stock market but put it on crypto. If people needed money they took their money out of stock market but that means they used that money to survive, maybe they were too scared and bought like a ton of toilet paper and rice etc because they thought they wouldn't be able to go out at all.

Whatever the reason is they would actually end up with spending their money and that really caused the market to go down, crypto went down as well because people who would withdraw from stock market have no reason to go back into crypto, stock market was low so getting in at that moment would have made you a lot of money, so going to crypto for "safe haven" is not really a good option neither when stocks are that cheap and would recover (and did).

Most that we can correlate between the two is the increase on the number of people who look for modes of earning. As unfortunate as it sounds that a lot of people lost their jobs during this pandemic, it also opened an opportunity for them to invest on things that they otherwise would just shrug off if they had the consistent income employment provides. So yeah, there's that, but price-wise? Nothing.

There are solid crypto users now unlike before that can easily be swayed by news. Now those who are nervous in every news regarding BTC are smarter now and already see how the market behaves properly, many uses  crypto also during this Pandemic as the crypto market can lead them into earning more as some investments were affected too much by these Pandemic all related to economic unlike BTC or crypto that is not totally affected now only just on the start of the quarantine but recovers faster than stock.

Crypto situation duting this pandemic began to active. Crypto last quarter of last year is not good and lots of my friends here in crypto stop working their bounty campaigns, stop joining airdrops. But when times of pandemic specially last August of this year, crypto market began to color green, how I wish I had enough capital to buy for bitcoins and ETh because it is so good to invest on these coins. A lot of crypto hunters are now working back again and lots of projects are in good value.

Meaning all bounty hunters from circle of your friends comes back last august?cool so i wonder how many scam project got employees again.

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Yeah Cryptoworld got high demand this pandemic because of people are afraid being infected so they look for new materials to use
for trading and they found cryptocurrencies specially bitcoin.

Now we are in Boom market again as the community starts having many campaigns and bounties same as airdrops meaning that we
 are moving forward again.

but market won't increase bigger if you don't invest as added to the circulating amounts.

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

There are two theories regarding to what you said. Some people think the pandemic has positive effect because the other markets are vulnerable and will fall down that's why the fomo is the other markets will make people to join the other markets like bitcoin, in the other hand due to the quarantine in all over the world many people are forced stay at home so this will have to find another dynamic market and in this situation bitcoin will help us. Due to the huge newcomers joining the market, according to this theory the market will rise. But in the other hand there is another theory saying all everything is linked together in the world, including the financial word, so the markets are related together and falling down other markets such as spx 500 will bring the bitcoin market down too, because of fomo and negative atmosphere. generally in my ownd idea, the first theory is makesense much more than the other one.

What are they going to invest if they lost their jobs? People who have less money are less eager to invest because investment is a risk. When you have a lot of money or at least a steady source of income you can take a loss, you are not afraid to gamble a bit.
Since the current sutuation is bad for the stock market and stocks influence BTC, I say it's also bad for us. I'd like to see some good counterarguments.

This idea is contradictory to it's self. How would you expect someone to put their money in a highly volatile market and a more risky market when they just lost their job?
At the same time, this idea is selfish. The pandemic didn't bring any good to us. All of the market has been struggling. Bitcoin wasn't just directly affected by the pandemic. Without the pandemic, the price might have been close to $20,000 by now.
I don't think people would prioritize risky investments today, instead they are looking to find an online job which surely gives them income at the end of the day.

I suggest study first the crypto or stock market, gather information that can help you to decide which is way better to invest your hard earned money. But since im not investing in stock, I will only speak for crypto.

You might heard that investing in crypto is profitable but its not that easy as a newbie. Your stepping stone to succeed here is having a knowledge to be able to know what to do in different situation.

Because of this pandemic some people turn to crypto hoping to earn as an alternative after losing their job. Its an opportunity, but it needs deep understanding due to scam that also exist in crypto world.

It is not doing great but it is not doing bad neither, we have seen another increase recently that saw it over $11.5k finally which was something we have been waiting on for a long time, but that changed a lot after a while when the price went under $11.3k once again, yet it is still over that $10.6k or so levels that we were in, which is why I believe we are doing good, not great but not bad which is why good is enough to explain it.

Basically we are talking about bitcoin here, it could change at any time, maybe tomorrow it will be $13k and that would mean it would be great but it could also be $10k which would be bad as well, just because it is doing good right now doesn't mean that it won't be great or bad soon neither, that will all be depending on the price in the near future.

For me it was so good to invest in bitcoin because is cryptocurrency people now days is using crypto to invest or to paying bills. And bitcoin it has a good background if you know how to understand the rules and how to use this correctly surely you can gain a big amount of money.

Where will people get money to invest? Given the circumstances of this pandemic, many people are having financial problems. So I doubt that is something that will oush them to invest in Bitcoin, having no assurance of when will the price increase occur, and given how volatile the market is. People are more into things that would help them in their daily living.

The pandemic is bad for the economies of different countries but not that bad in this market. The market price of cryptos are not dramatically falling and not that much moving in the positive direction, so it is quite neutral in that aspect. But there's also this side of me that is disapointed because there is again high hopes early this year for this market. But since expectations are just expectations, i just keep this thought aside since no one knows if the market will be able to reach or even surpass its ATH if this pandemic doesnot occur. How can I say? Last year is a proof. No pandemic but also, there's no that much of an increase.

At what rate did you invest your money in Bitcoin? I can remember that the price of Bitcoin reached max $13,000 before it dropped  due to the pandemic. And right now the price is on its way up and currently sits $11,000. If you invested anywhere below that, you might have covered up for your losses by now, though that’s if you’re actually holding your funds till now.

As for the pandemic, it doesn’t favor everything, so many markets were brought down by the pandemic and Bitcoin and the cryptocurrency market in general were one of the markets that were on the red during the pandemic. I lost a bit during the start of the pandemic, but I didn’t sell, I had to wait till the price dropped and I invested again another money. I thought the price would drop to $2000 or below that, but when it started going back up after dropping to $3k plus, I had to invest.

From that specific point, there are people who are aiming to find alternative ways to earned as day job is not available and most of the people loses their job, many businesses has been closed due to this pandemic.

The after effects might favor bitcoin for there are new people who are also willing to take the risk and try this platform, people who realized that there's opportunities to this market and wanted to explore.

This is not easy to estimate. I think that pandemic attracted some new users to Bitcoin and that is good. At the beginning there was more uncertainty and fear among investors at the market than usual but in general I don't think that pandemic influenced the Bitcoin price much and that it would have been very different without it.

At first it was bad one,because the crash of economy had no option to inverse on bitcoin or any other cryptocurrency.So it reduced the investment of money.Later on the investment was gradually increased to huge.The cause of increase in the investment due to increase in economical activity.

It started badly when there was a pandemic outbreak in March 2020, when the price of Bitcoin fell to a price of $ 6,000.
But I took the courage to buy Bitcoin when the Bitcoin price was $ 6700. And it proved my decision was right, because
the price of Bitcoin is now at $ 11,700. So the pandemic is making the Bitcoin market better in my opinion, maybe because
many people decide to invest in Bitcoin to earn income, after many people lost their jobs. My advice is to invest in Bitcoin
immediately before the price gets more expensive, because based on my prediction the Bitcoin price will continue to rise
until 2021.

Everyone lost money like you when it all started so be patient. If you keep looking at those that will tell you that a bull run will happen tomorrow or next then you will be deceiving yourself because none of those people saying that can actually predict what it’s going to be.

Unless you’re a day trader you can actually be following some day and weekly analysis that depends on support and resistance to predict the next move, but there is no hundred percent assurance that it will go that way, so it’s all two ways. And if you’re going to be a HODL’er, then go ahead and have patience, you never know when it may be, but the more the demand is increasing as I am seeing it there will be more possibility of a bullish market being triggered.

Pandemic can cause for the economy of most countries because there is no job or the business is not operating or closed.
About bitcoin we don't know if the result is good because we already know even there's no Pandemic the price of the bitcoin is  increasing and decreasing. You must better to do a research of what coins or stocks you will buy because I believe we have outbreak they have still good investment .

If you actually want to invest your bitcoin as a newbie you can step forward and invest your coin but a situations were by you need suggestion,encouragement or permission from someone in community before adventuring into Btc investment, is not really ideals because you might lose your coins after your investment and the blame will channel to those people who render ideas for you, so you determine  what's to do via your mind will directs you on something profitable, because no one can replaced you coin if you mistakenly lose it via investment, As a newbie observe forum very well before trying to make profit over everything.

Whenever some human misery happens, there is a good thing that can come out of it, for a long term future profit of humanity. Obviously it is not a good thing, we all had to live during this pandemic as a horrible period of our lives, I think the only thing that could ever come even close would be the black plague with the difference that we live in a much modern world, but if this same pandemic happened 500 years ago it would have killed almost everyone as well.

However bitcoin price actually had a 2x opportunity during this period, or even stocks, gold, hell even oil gave a huge profit chance if you were interested in that, these are the small silver linings that you have to see in these horrible periods if you want to get out of it better than other people.

we've seen the btc performance during this pandemic period. charts are not lying. so far, crypto market is doing good. with people stuck in their homes for long period of time, wherein not only one country but we're talking about global scenario here. we cant deny the fact that this crisis affects everyone. and this time period, gave the chance for people to sit back and see whats happening around the globe. and one thing that they looked for is one good alternative payment method aside from fiat, and am more than positive, that crypto will come up as one alternative.
i bet a lot of merchants also looked into this alternative. so are we going to see more shops accepting crypto? maybe.
during the last halving period, i believe a lot of noncrypto users also take a look at that event and got curious. [just on a side note - during that month, i got a call from a friend asking how to invest in btc, considering that he's not interested in btc before] so yeah, i guess this pandemic has good side effects in crypto market.

This is difficult to say, in theory we could say a pandemic could be good for bitcoin, after all many people are weary to use cash for their transactions and now they prefer to use digital means to do so and some may be tempted to accept bitcoin, and when we add that governments needed to print trillions of dollars this means that over the long term this is going to devalue their currencies to the point some will realize what they are doing and some will switch to bitcoin.

However at the same time this has slowed down the economy considerably which means people do not have as much money to spend and they will most probably cut on the money they spend on investing in bitcoin if they are already doing it or thinking about doing it, so as you can see there is not a clear picture of the pandemic being positive or negative for bitcoin.

It can be good for bitcoin market because people are now desperate not to get infected with the virus so bitcoin will be useful for online transactions rather than face to face transactions which could make you infected with the virus.

For me it is because people today are very affected in the pandemic many people lose thier job. Many people are desperate to find a sideline so they can afford to buy a food.So Im gonna recommend bitcoin to them because Im sure bitcoin can help them financially.

Pandemics are never for a good reason. All pandemics have negative effects and its harmful to the economy. However, the Pandemic has no notable impact on Bitcoin rather Alternate Cryptocurrencies were made to battle the effects of the Pandemic which is a good thing. Bitcoin's value was on already on the rise even before the outbreak continued and its still expected to grow its value despite in the middle of the Pandemic so I guess its still the same even without the Pandemic.

With that point also business owners needs to adopt this system in order to  meet the clients needs.

We all knew that during this pandemic health is really the first concerns of every people who are facing high risk spread of covid-19.
They are fully aware that in anyhow they can be affected of this virus so using alternative ways where bitcoin and other crypto are being used by people who understand the chain. It's good from that point.

Yes, I'm also agree with what you said, for me the pandemic has nothing good done to all of us, in the history that since I was born I have only now experienced such an event in the complete collapse of the economies of many countries even rich and stable countries. However, I do not think bitcoin has been affected by this pandemic.

Pandemic resulted to a big panic in the market especially on the early months of Pandemic all over the world and its not good on bitcoin market because we dumped that time but its finally good that we are slowly recovering from this pandemic and we are slowly pumping just like the old days. I don't see this pandemic make a big impact on the good side of the market, people are still suffering so its not good for me.

Well, it is not always the case as there are a lot of peoole that are so desperate to earn for their family that they would risk theirselves so they would find a job. Most of them are not scared to get the virus since they still doesn't have it, but when they do, that is when they start blaming and fear what is happening.

i think he means to say people will convert thier money to btc but this does not mean that they will stop working but thier works can still continue 

.this works best if they are only working from home because they only get out when they are about to send or remmit money  but when they join btc they dont need to do that  . when your work is outside and not online , its useless to convert your cash to btc because your still going outside and your still prone to infection

Actually if you will look at it, the covid-19 pandemjc did not affect bitcoin's market negatively.
The cause of last bearish for bitcoin was not because of the pandemic, there are a lot of factors that made it's prce to decline.
As of writing this post, bitcoin is almost at $13,000 (I'm excited to see bitcoin's value to increase even more).
Back to the original topic...yeah, I can't find any sign or proof to tell that the pandemic affected bitcoin negatively or even postively... I honestly can't see the correlation between these two.

People are working from home at this pandemic situation. A lot of people will lose job for this pandemic situation. So, people are trying to find alternative of jobs. Many people are joining with CryptoCurrency. Already we are seeing that the price of Bitcoin is increasing.

If you look at Bitcoin's performance in 2020, I am increasingly convinced that the pandemic will not make the Bitcoin market worse.
But the pandemic is good for the Bitcoin market, the proof is that now the Bitcoin price has managed to go up to $ 12,900. So more
and more people are investing in Bitcoin. Moreover, the current situation requires a solution to be able to make money, and investing
in Bitcoin can be a source of income.

Yeah, there is also the reason that because people cannot move out they are seeking online opportunities and blockchain technology and crypto projects are on a rise because there is DeFi now that brings so many projects and gigantic amount of job opportunities even during these tough times and one thing I can proudly say is, one someone starts getting into bitcoin they never leave it. I mean even when people get their jobs back they will never stop using bitcoins.

The pandemic impact overall on bitcoins can't be stated clearly but it must be said that the positive impact was more favorable and the negative impact has already vanished if there was any possible.

The only thing that should concern you when answering this question is whether you have enough money to live on to invest in cryptocurrencies for a long time (because we all know that Btc is always cheaper today than it will be in a month/quarter/year) and how critical it will be for you to lose these funds.

While the economy is unstable, you should take investment tests as a small hobby and not bring your plans to large amounts. Start with the fact that it will not be terrible to lose and the frustration of losing will be the same as from losing a completely empty wallet.

I think this is quite a good strategy both for beginners and for those who are now experiencing not the best times.

The pandemic impact on bitcoin values is certain Since US currency fell due to covid-19, and BTC expanded from July.
People use cryptocurrency during the lockdown and trade by sitting home.
They were free from their jobs, so they concentrate on bitcoins more than any other investment.
Almost every stock gets destroyed, but bitcoin still there and improving more.

As far as I observed, this pandemic, sorry not sorry, did a good job for the bitcoin market, as I see the price of each btc increases as time goes by.
This is for what I think because of the increase in popularity of the coin as the people get curious on how to earn while they are staying at home due to the covid 19. Who doesn't wanna earn while remaining safe from the said disease? no one right?
In addition, due to the curiosity given by the pandemic, people are now investing and investing in seeing that other fiat stocks are being destroyed whilst bitcoin are still hitting highrock price.

This year growth has taken place as nothing has happened (covid-19). Based on the growth chart in comparison to the previous year we can have a clarity. As per the global stocks and forex market, everywhere there is drastic downward movement. With bitcoin things have taken place in the opposite manner, based on which we can't term the pandemic to be good or bad for bitcoin.

Well, it did but only temporarily when the prices went down crazy in March but that was only temporary and the way it has came back since then, it's appreciable and worth mentioning that Bitcoin is not a bubble as many analysts often term it as a bubble.

The reason behind the rise is not pandemic though I am pretty sure the pandemic only had a bad impact and we might have seen the ATH by now if not for the pandemic.

I guess since the lockdown people tried out new things and crypto trading is one thing that got a lot of attention these days and maybe that is the reason why everyone is buying bitcoins as we got more and more traders.

this is probably why bitcoin is pumping now. More and more people are engaging with crypto because of lockdown due to pandemic.

Seeing how bitcoin behaves now, I would say that the lockdown is good for the bitcoin market as this brought more people to do crypto trading resulting in a bitcoin pump.

Didn't it trigger the global adoption of Electronic money when experts confirm that viruses can be spread through paper cash also? Crypto prices may fall but it looks like crypto will be the primary financial institution. Maybe in a different form regulated by Govt.

This really shows that bitcoin opens an opportunity for those in need for those who uses this service. A lot of way to earn in bitcoin during this difficult times. Indeed in trading can also gives an opportunity to the users to earn btc.  So I can say this pandemic can be good in the bitcoin market as we already observe the growth happening, the massive adoptions that make the price increase.

If you noticed, Bitcoin price dropped hard together with majority of the financial markets: stocks, forex, commodities, etc. The reason? You know it. Because of the pandemic COVID-19. But in fact, all of them especially Bitcoin drastically recovered months after that and still continues to do its job until now. Why?

Overall reason is because of pandemic and like a domino, slowly has chain reaction to everything related to it.

You named it, Dollars (DXY, Dollar Index). In this time, Government of USA keeps on printing money which is really bad for the country because the value of their currency will decrease and just to give them to people as part of their stimulus program. In this case has a direct effect to especially on Bitcoin and Commodities like Gold as they act as safe haven for people who do not want to hold dollars since they know its decreasing in value.

Well, we are just limited to hold, invest, and trading it since most of us can't actually use bitcoin to pay for something or someone. Not all of us can trade since but they can hold, they sell when there is an opportunity some hold it for the future. This pandemic welcomed a lot of new investors in this market but will they stay here until this pandemic end? This might be shortlived since we can't actually say that this is the massive adoption that we are waiting for.

Its been several months since this pandemic hits the whole wide world and yet, Bitcoin remained unshaken and unaffected as I observed. The stocks market maybe affected but I can say that more and more people are using bitcoin and adopting its great features. It became more popular in this pandemic, and never fails to give more profits and earning to all investors that trusted it.

Notice how the economic recovery across the world has correlated with an increase in Bitcoin price? The pandemic was shit for Bitcoin. The more adoption, the higher the price. Uncertainty and instability can increase the price (presumably), but the pandemic caused the global stock market to crash with mass unemployment in the largest economy in the world -- the U.S, which in turn caused Bitcoin's price to stifle.

So no, the pandemic was shit for everything.

I thought so, and I felt the same way to use or utilize bitcoin as a source of income during the pandemic and it seems that many of them feel the same way.
Cryptocurrency or bitcoin is their opportunity to make money in their own way such as trading, participating and so on which makes bitcoin users grow rapidly and become their alternative livelihood and make bitcoin prices rise slowly.

The effects of the coronavirus epidemic on Bitcoin and other cryptocurrencies are widespread. At the beginning of the coronavirus epidemic, cryptocurrencies had the same negative effects as other sectors of the economy. The value of other cryptocurrencies, including Bitcoin, has plummeted but over time it has to be able to return to the previous state has had a positive effect on cryptocurrency among the general public. This is reflected in the recent rise in prices of other cryptocurrencies, including Bitcoin. So while the coronavirus epidemic may have some initially negative effects on Bitcoin, it has had a long-term positive effect on Bitcoin.

We can't really determine the situation and if bitcoin was really affected by the pandemic. Afaik, there are factors that make cryptocurrency an important asset especially right now. Also, it didn't affect the value even it got a huge price drop in the beginning, it rose from 5k$ to 12k$ which we can tell that bitcoin is invulnerable in any pandemic situations.

People started to adopt digital transactions and invested their money as they think that time, will increase due to bitcoin halving. The value maintained in the market and it seems that crypto was going with the flow at that time.

It was never been affected yet the price hadnt crashed that too much into an extent where people do panic out due to that event.To  remember that it was just an ordinary day on crypto
with those kind of moving prices since the pandemic start up to now.

Its true that Bitcoin is not that really be easily to be affected on things that do happen externally or out of its scope yet this wont determine neither it is a major thing or not
but somehow we cant tell if it did really make out some significant impact or not.

Bitcoin market can increase nor decrease its price without even knowing the true reason behind it and whats important is that we are seeing good numbers
at the moment.

I can't say it's good or bad for bitcoin market. I don't see any big movements yet compared to past years. And the adoption from the previous days like PayPal is not even related to this pandemic.
IMO it doesn't really affect the bitcoin market, the whales and the hype is always the factor how it will move.

First of All, welcome to this  Forum and Bitcoin world. 2nd I am glad that you finally accepted your ignorance and now ready to learn this new and amazing technology of Bitcoin, Blockchain and Cryptocurrency. I am sure you'll be proud of yourself in future. now coming to your question, then I would say yes it is still good time to invest in Bitcoin and Cryptocurrency (can't say about stock market) but you need to be smart and first educate yourself properly and gain as much knowledge as you can. then make your plan of investment.
I wish you best of luck and stay safe.

No work can be done without a plan bitcoin investment is a very good decision to be new because the price of bitcoin will increase in the future and the market will improve a lot even if you don't have much idea about bitcoin the risk will be less if you invest and hold on. If the price goes up you will be able to make a profit through blockchain technology the crypto world is becoming easier and transactions are becoming much faster gain knowledge of market relations and get something good.

The effect is the same as on the regular market.
As long as cryptocurrencies are tightly tied to Fiat currencies, there will be no difference between the crypto market and the classic one - General trends will finish off our coins.
Yes, in a different form (sometimes with delay) , but still-the impact of world events will always and always intersect with the classic market.
Why? Because the entry point to cryptocurrencies is always the same dollar (or other fiat). And if you have a crisis in the area where dollars are spinning then why won't it touch the area where the dollar is the entry and exit point?

In my opinion, during this pandemic, bitcoin and gold investment is very good because gold and bitcoin have the same side, namely these commodities are not susceptible to a global crisis such as the Covid-19 outbreak. This is because what affects the price is only supply and demand. During the pandemic, many people are turning to gold and bitcoin. This made the demand increase. So that the prices of both of them also increase. it's still not too late if you want to invest in bitcoin now, even though the price is already high. policies in developed countries that loosen cryptocurrency rules as a stimulus measure to face the global crisis. For example, the United States, which has allowed banks to manage cryptocurrency. Europe is also ready to issue policies that are friendly to crypto assets. This policy will boost the purchasing power of cryptocurrency and lead to an increase in prices. This is why the price of bitcoin will also increase after the pandemic. So, it's not too late to buy bitcoin these days.

First thing is establish first what do you mean by "want to invest in Bitcoin" because there are options in doing this.

Buying - because you wanted to Put your money for a certain time of time.

Buying - because you wanted to try Day trading(in which very risky)

Buying - Because you are just want to try each option and look if which is comfortable in your skill.

Even latecomers could have enjoyed starting a DCA strategy in March 2020 when everything came down due to the upcoming covid-19 crisis. Given the huge quantitative easing put in place investing in Bitcoin was a no-brainer. I did it and I am happy to have done it. Whit all the big boys that want to eat from the bitcoin cake even owning a small amount is a revolutionary act to protect your wealth.

I think that it's ok to invest during pandemic and crysis. First of all, you can buy something cheaper, than it was before and sell expensive after. Also it could help to maintain market and companies, and won't let the market fell down more. In my opinion best invest during this hard time is cryptocurrency. It's available to buy everywhere even you are at home on the lockdown. Moreover crypto provide different ways to invest such as hodl, structured deposits, mining, staking, trading and more

Many countries experienced covid-19 over 7 months now that is causing economy collapse and,hardship in the country. Despite the the pandemic bitcoin still improve in the areas of pumping that is still making some investors wondering about BTC.
Market is well okay, many investors are very busy to supply their coins to market and make a good profit. Bitcoin is better than other cryptocurrencies right now because it rising and other cryptocurrencies is going down show bitcoin is a good condition.many people where thinking bitcoin will follow other cryptocurrencies to reduce but surprised to see BTC rising in in the exchange market.I think bitcoin is better than the way it was over two now.

I think that's because currently many people are starting to develop digital currency and starting to reduce the use of paper money because so far as I know the virus is also stuck on paper and can make the virus more widespread, when using digital currency transactions become safer, especially Again Paypal has accepted transactions for bitcoin so more and more will use bitcoin and it is safer to use for transactions.

But then again, there are a lot of online wallets that could do the same that don't actually accept crypto currencies. In our country we have Paymaya, we also have Gcash which is an online wallet where people could use to pay online or send money online. It is not always best for crypto but it is a great time for them to start its adoption.

This is not such a significant factor because fiat currencies are also increasingly used in digital non-cash form and the epidemic only accelerates this process several times. Therefore, the main beneficiary of the pandemic is cashless payments in fiat currency. If PayPal uses fiat transactions for bitcoin, then it looks a little strange. Although of course support from a company like Paypal is positive news.

Nothing in the world is going well because of pandemics. Everything seems to have stopped. I think for this Pandemic, bitcoin is also having an adverse effect. I don't think it's right to invest now. Let a few days then a good decision can be made. Now your wish. You can invest if you want

PayMaya and Gcash is only available in the Philippines and applying Cryptocurrencies within them is not suggested since Coins.ph is already available. They cannot start adopting Cryptocurrencies because not everybody is knowledgeable regarding Cryptocurrencies which is why Coins.ph is already enough to be a payment system that has Cryptocurrencies.

If we will just base on coins.ph, I think that would just limit our choices, right? Not all of us could verify to coins, to be honest, it is easier to verify on Gcash and Paymaya that is why it is better in these two. There are a lot of users of Gcash and also Paymaya since it is also used in Smart Padalas in our country, if they accept bitcoin, we could just use bitcoin to do these transactions which could also make other people use it.

Right but during bad times and especially during pandemic times people sell their assets they saved in good times which was the reason why Bitcoin went down earlier this year as people sold their assets and digital assets (bitcoins).

That is how most of us were thinking but people who somehow invested in BTC when it went down to 4k earlier are now laughing at the market.

Overall impact was neutral in my opinion but the way market swung during these times was crazy and pandemic might not be the only reason, the sharp upward movement recently might also be a product of the Paypal adoption.

The question is, are you willing to use Bitcoin directly as a mode of payment to pay bills? because I would probably not. I do prefer to just hold it because there is a possibikity for a price increase which will generate profit. I would more likely pay using fiat despite of the convenience this technology is giving to us. Also, fees are high compared to exchanges which makes it a downside for me. Small amounts matter and as long as the price of Bitcoin is not stable, there will always be people having second thoughts of spending their holding even at times of pandemic.

We can see the market is now very good for bitcoin than since you created this thread, bitcoin has been up almost 38% throughout the month of October.
If you have bought bitcoin since then you have benefited, guys!! But I am aware because you are a beginner at investing in cryptocurrencies.

Naturally, if you are still in doubt because crypto fluctuations are very high.
Today the price of bitcoin reaches $13,709 in 24 hours. This situation is pure because of high demand.

Despite of the current pandemic, the price of the bitcoin is continuing to become expensive. At first there is a dump when the pandemic begins but that emotion which is fear turned into greed and it is the reason why the demand to bitcoin is keep rising. The cryptocurrencies are looking good especially the bitcoin while the stocks and indices in the U.S. are in bad condition because of the pandemic and also they are now in the final week of election where there is also fear and the selling pressure is high. In terms of altcoins, there are a lot of altcoins became undervalued when the pandemic starts.

Many investors always come back with good news about bitcoin price in the market. Despite the lockdown that collapsed so many organization in the country, bitcoin still stand well by maintaining it value during the period.
Many people who where holding their coins for market to change hand later found it easy to sell their coins with big reward. Every good investors will truly know that bitcoin market is good compare to what happened to other cryptocurrencies that reduce during the pandemic.

Bitcoin's market was much better during the epidemic to think the epidemic is a lot better for the bitcoin market. Although many people have suffered financially by investing in Bitcoin they have been able to solve their financial problems very easily. The market is in a much better position so far most people have opted for crypto because everything was closed during the epidemic. Has made a lot of profit by investing and the demand for crypto is increasing.

Well at first it has a negative impact to the crypto market because many investors panic sell due to FUD and most of us need money to spend during lockdown. However the situation didnt last long because the market manage to bounce back in few months. This might be because of the investors engaging themselves in crypto while we're in lockdown, looking for an opportunity to earn online. Currently bitcoin is moving upward so if you buy during those times wherein the market is in bearish status then you probably earn by this time.

Generally, you would want to check the prices of stocks before you delve in the cryptocurrency world. As what I observed, several blue-chip stocks decreased on its price due to the pandemic. Many investors considered it as a golden opportunity to purchase these stocks and take advantage of its low price.

As for bitcoin, a month ago its price was at the $10,000-$11,000 range and currently, the price sits at $13,000~. The pandemic is actually good for the market in general and you would want to take advantage of it.

It's good for the market surprisingly because when the pandemic hit the news, there was a big crash, but the market eventually recovers and it's now doing great in the market so I can say that Bitcoin is doing great because the other investment market is not doing good, it just shows that whatever happens Bitcoin and Cryptocurrency is here to stay.

The covid-19 pandemic has led to an unprecedented economic crisis, analyst asserted that cryptocurrencies are attractive because there is still very little correlation between them and traditional investments.

Pandemic is both good for bitcoin market and also bad for it. The thing about the price is the fact that we are talking about increase of demand but we are not talking about adoption enough and that is what I would have loved to see in bitcoin.

Paypal started to accept bitcoin payments during this period and this is a great addition to crypto world but that is about the extent of the adoption we went with for the past 8 months.

We could have convinced a lot more companies to start accepting bitcoin, specially places like amazon where they saw a huge increase in purchase numbers due to people not going outside, could have actually gone with crypto acceptance and we would have been a lot higher in price as well because of it. So, it was good but not good enough if you ask me.

Everything is not so good, because the second wave of the pandemic is coming and there is no clarity how the traditional market and the cryptocurrency market will react to this event. The previous market recovery was due, among other things, to the summer decline in the growth of coronavirus cases and the subsequent resumption of economic activity. Let's hope for the best, but negative options in the form of a collapse in the exchange rate of bitcoin should also be borne in mind.

The concern sparked by the coronavirus did not have a serious impact on the crypto-asset market, which had fallen in price. In fact, the crypto market can grow nicely until this second. It’s different from what happens in the stock market.

The widespread of corona has had a very sharp impact on both domestic and international stock markets.
The uncertainty caused by the coronavirus caused a high panic in investors, which caused the stock market to be at the Lower Auto Reject level.

To save its financial assets, many stock market investors also turn to bitcoin, even those willing to buy more bitcoins. This leads to high demand for bitcoin.
Even large companies like Paypal have dared to adopt cryptocurrency.
Because of the optimism towards bitcoin, causing the opportunity to invest in bitcoin will remain the best investment option.

Very different from what people say. They believe that the pandemic has resulted in various problem in the economic, stock trading and cryptocurrency sector. But in fact we have evidence that this is not true as the cryptocurrency market continues to grow and price continue to rise. The stock market and other may have been affected due to the pandemic and its impact on the economy is quite large, but I believe the cryptocurrency market has become a new destination for investor turning away from the stock market.

In this situation, I think investors should have the courage as well as the ability to do a good analysis of the goals they will invest in next such as bitcoin. Everything related to investing still carries risks, but the risks are higher with cryptocurrencies and they have been warned from the start and should consider it.

Its not a newbie thing to ask those questions - its the way you decide to answer it.
Give it a research, don't believe people here.
Moreover, you won't find anyone who has experience with crypto during pandemics and lockdown - it just never happened.

Nothing to worry about the second wave of pandemic, because for the first wave of pandemic people and the governments weren't prepared for it. Now each and every country has created awareness and precautionary measures. Upon the same everything has begun to function normally. With this we can be sure that the bitcoin market isn't gonna affect the world market as the beginning days of pandemic.

It will depend on who you will ask for.
If you will ask an investor who bought Bitcoin last March then definitely he will say that Bitcoin is good during the pandemic because his money is now more than tripled. The exact opposite will be the answer of the one who didn't bought in Bitcoin and possible that he suffered some losses these past months.

Probably you invested in an DeFi project and got lost.
Possible too that you invested at a wrong time and because of fear, you cut loss :D.

If you were to ask the right person in regards to topic, they will say that it depends. The quote above shows that the person might already have a bitcoin hold and the prices rising right now is a good thing for that person. If you are new and it is your first time in buying bitcoin then this is not the good time for you. The second statement might be half truth though because you might hitch right now and luckily you have gained a profit because the market is volatile, we will never know when will it go up or down. The final decision is up to you, it is your money that you are going to invest after all.

I agree with you that this epidemic is much better for the Bitcoin market. As the attraction of investors increases the demand for Bitcoin is doubling which is why the price of Bitcoin is rising. Many have lost their jobs due to the economic downturn while bitcoin investments have given them new jobs. They are investing with sufficient capital which will help them to brighten their future Bitcoin will be more in demand than Fiat.

I think the main reason you lost is not because of the bitcoin market, but maybe you entered the wrong coin at the not right time. The end of September is the time when we have to take a break from altcoins and just hold Bitcoin to ATH. because during WFH, trading, mining, or even a bounty hunter is one way to make money to survive I guess ,. yes this is according to me personally because I do not have a job outside

Sorry for the lose you are having but bitcoin is bull at this time, I believe many are enjoying the hodl. Maybe you have taken a wrong decision and that is why you are having such lose. Maybe you watch for a drop to get out.

The economy of the world is not so well for this pandemic. People can't work or move well like before. Still facing the problems which aren't fixed yet. So the economy is still the same and recovery will be late. At this time, we are seeing Bitcoin price is increasing and still the price is surprisingly increased. People are investing in it from home. No physical attachment at this time and that's why it is getting popular too. So it can be said that the pandemic is now good for Bitcoin.

Exactly, this is the main part of this. I was also inactive for almost one and a half years which is a long period. But now I am active again seems like before because I have free time now at home for this pandemic and I want to make it quality time to spend at home. I am benefited, at the same time, my country is also benefited from me. That is the real economic cycle.

At first I really expect that Bitcoin and other cryptocurrencies would go down in value because of the pandemic. However, it’s the other way around and it’s actually going up. Expect the unexpected and I’m a bit surprised by it. Bitcoin, Ethereum and other cryptocurrencies are now unstoppable because we are transitioning to virtual and digital ways of making a living. This is where companies are starting to massive adopt cryptocurrencies, like Paypal, JP Morgan’s coin, Kraken’s crypto bank in the United States, etc.

when this pandemic occurred, bitcoin continued to increase, the price had fallen and now continues to rise if the economic situation of a country worsens bitcoin is the solution for all investments to make more money in a short time for those who understand this investment will be the best of those who make money with fast for those who are already experienced in cryptocurrency.

I think it affected the bitcoin in the positive way and we saw that recently now that the price is at 15k and i think its because of the panademic and the isolation of people in their homes so a majority of them turned into buying bitcoin and make their daily payments with it instead of cash to avoid going to the bank.

Actually I was thinking of a baf event for bitcoin of this pandemic. But it seems that the result is opposite to what I was expecting that bitcoin had been nearing to bull run. Well, this could be possible and every bitcoin holders will going to rejoice in this good improvement that had happen to bitcoin. Well good to all of us!

Pandemic exhibited both good and bad effect to bitcoin and the whole cryptocurrency community. Bitcoin has been the so called “safe asset” because compared to fiat currency, it is safe to inflation. Bitcoin has been the safe haven of the investors and common people because of its promising value, nature, and opportunities it offers.

Investing in bitcoin became the back up of most people during the covid-19 crisis, hence had its positive effect because the community is getting bigger and well-known. However, the pandemic has also its negative effect to btc particularly to the traders and members’ decision making - whether to buy, sell, hold, and/or invest. The bitcoin’s price has also been slightly affected, but not that noticeable compared to fiat’s downfall during the first and second quarter of this year.

The negative impact of the pandemic to bitcoin didn’t last that long. Now, bitcoin’s price is slowly recovering and is increasing as days goes by. Hopefully, it’s value rise continuously in the future. So, as you can see, pandemic did something good and bad to the cryptocurrency community just as what it did to fiat and other sectors of the industry.

Covid-19 really collapsed so many people plans this year 2020 which many have never recover from the things they lost during the pandemic.  Many where thinking bitcoin will reach $20k  according to their plan before they can sell their coins in the market. But right now bitcoin is still rising in the area of market which many people never satisfied with the rising until it reach $20k to make their plan come through before the year 2020 end.
I think as for me, this pandemic is not good for bitcoin because I was expecting bitcoin to increase to $20k since is the best among cryptocurrency.

I find the pandemic better for Bitcoin as it has essentially withdrawn money out of the traditional financial markets and into Bitcoin and crypto. We can see Bitcoin and altcoins have been steadily rising in price since the black swan event in March of this year. Cash is used less in circulation, replacing crypto and e-wallet applications. The world's wealth is shifting as people and companies are paying more attention to Bitcoin.

Learning never stops man, your free to ask whatever you don't understand members of this forum are always willing to help out, and they will always provide you with the best answers.
No body can say for sure if it's good, cus no one can actually tell what the  future holds, except you have a voodoo :D, even that isn't accurate, this current pandemic has affected the financial market greatly, just imagine the flash crash that happened in March when even crude oil fell to even some cents per barrel,so you see no one can tell what will happen next, although I think bitcoin might just be on the road to hit its ATH, it reached $16,000 today, my advice is do your technical  analysis and know when to buy, do some researchs before buying also.

As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low.

Due to the pandemic, many people have come to crypto and there are also some people who are looking for extra income on crypto because it's difficult to find work during a pandemic. Right now the pandemic is bad, but for some obvious reasons, bitcoin is gaining significant momentum due to the trend towards digital currency.

I believe that the pandemic played a huge part in crypto life and it's one reason why bitcoin is now more stronger, also it's probably because crypto withstand the pandemic threat this year is why PayPal decide to implement Crypto payment service

It's affecting people  mindset, those who are against this system are now  seeing the value of having cashless transactions with very high potentials

of earnings, having a good and manageable time to study those people are now embracing this new technology, it's bring a good impact in terms of

having new investors and supporters even there's still threat from this virus.

I think it is the people that kept supporting bitcoin, that made it stronger. It is true that there are platforms that boosted the demand but the price kept on increasing even at the start of this hellish year. It increased to $10K went back down and grew more stronger amd now we are at $15K. It is the people, that made bitcoin stronger.

As for the fall in demand for Fiat currencies, it sounds quite original, because with all due respect to cryptocurrencies and bitcoins in particular, but all economic activities, payment of taxes,payment of utility bills, and finally wages and pensions require the mandatory use of Fiat currencies, and this state of Affairs will continue for a very long time. Therefore, the fall in demand for Fiat currency in the current pandemic time is not expected. Another issue is that when economic activity slows down, the released money requires a new sphere of application and bitcoin is perfectly suitable as an investment object.

To be fair bitcoin market hasn't done badly in this pandemic, many critics of bitcoin expectation was that the price will crash in the wake of the first wave of Covid-19 just like the rush to sell gold by many investors, however bitcoin survived against all odds and despite a major pullback or retracement to $3K+ due to the devastating damages and effects of the pandemic on stock and commodities market, bitcoin came out unscathed thus becomes investors choice for investment and probably avoiding physical contact with fiat had due to restrictions pushed a lot of investors and individuals to digital currency i.e bitcoin as a choice for online transactions and shopping.

If we are going to base this strictly off of numbers then its obvious the Global Pandemic is very good for the bitcoin market.   I do not think anyone really thought that we would see such a rise in the price.

Obviously, we have been in a pandemic for 9 months, and see what happened in the crypto market,
the price of Bitcoin went up to $ 16000, and this made the holders very happy, especially if they were able to break ATH,
the Pandemic would make Crypto even more popular, but hopefully be careful if the pandemic is over.

In my sentiment, Bitcoin has been good for the market. Because people have been locked down by this pandemic for a long duration and have evolved dependent on online. So the importance of the bitcoin market has heightened. Everyone comprehends the usefulness of cryptocurrency. Those who are very knowledgeable are slightly dependent on Fiat.

this way, according to my observations, the price of bitcoin fell to $ 4000 when the pandemic was announced,
and it's not just bitcoin, all assets have also decreased, both stocks and gold,
but what has survived so far is crypto currency, the price of Bitcoin can reaching $ 16,000 is possible because of this pandemic.

We cannot say that pandemic was good in pandemic but for me people that has extra money are keeping it as an asset like bitcoin. This can beat the inflation rate that the fiat currency had been hitting with in this pandemic. Basic needs commodities has been doubled its market not because the value of fiat currency has been depleted. This is why people who knows bitcoin are using it to avoid getting hit by the inflation rate.

We continue to experience this pandemic til to date,

But we can see that the price of bitcoin is continue to increase. We can clearly say that its potential is finally showing or this pandemic is not bad for bitcoin. We all know that the pandemic will not affect crypto and will continue to grow without even bothered with what's going on the outside world.

I'm surprised that it turns out good for the market, I thought the market will crash big time, everyone was worried but it managed to bounce back, thanks to the whales and industry leaders, they made a big difference of supporting the market during it's bad times, right now it's still doing good in the market and soon the pandemic will be over, I like the scenario after we are back to normal.

The epidemic has not yet been fully controlled and all the countries of the world are trying to control it once the vaccine is available everything will return to normal including the country's economy but the epidemic has done much better for the crypto market. Whales cannot influence the currency that is why the prices of currencies are increasing in the crypto market in addition to investing in cryptocurrencies everyone is now leaning towards decentralized exchange sites rather than centralized work the market is growing so much.

Pandemic give bad impact for the market because economic world most complicated problem and many people loss their job during pandemic never have word with ended until now many people become positive covid 19 every day. When many people loss their job exactly saving money will use for daily needs and not have mind for using to trade or investing and give bad impact for market with less transaction coin, many people better for saving money and use for a very important need like eating, healthy and education during still not get new job to earn money, when pandemic have end and many people get back their job will give light for market with many investor return to trade and invest again for getting much profit after their money have better before pandemic.

for now I think you have to really prepare mentally when you want to invest because with the arrival of Corona there are many difficulties in finding work offline so if you have capital you have to be patient and maybe long-term investments can be a solution to reduce panic.

the global economy is affected especially when the locdown is carried out.  For example, the retail business has experienced losses and decreased turnover drastically.  whereas cryptocurrencies are gaining wider acceptance.  when previously many people thought Bitcoin was a speculative toy for millennials to become an attractive financial asset for conventional investors.  now Cryoto is one of the assets that can be relied on in the digital space to make money
The impact of the pandemic on everything digital, especially on payment systems, during the widespread lockdown, online commerce and communication has increased interest in digital currencies.

Only mental preparation before investing is not enough since there are a lot of risks which should to be avoided. Those risk are experimental phase risk, price volitality, currency regulation, etc. find more The Main Risks Of Investing In Bitcoin. (https://www.finextra.com/blogposting/17390/the-main-risks-of-investing-in-bitcoin#:~:text=Investing%20in%20Bitcoin%20today%20is,for%20all%20sorts%20of%20scenarios.)
Even tho at this pandemi the more risk will be occur, so we have to analysis before putting investment to reduce the risk.

The job market will be there. Some of the jobs may get transferred from the offline realm to the online sphere. For example, many of the dine-in restaurants in my area are now concentrating in home delivery of food items. Retail shops and supermarkets have also started accepting online orders. Those who earlier worked in these shops are now working as delivery executives.

Pandemic has its good and bad impact to the cryptocurrency world. This crisis made bitcoin and other cryptocurrencies a safe alternative to invest and put your money on because of deflation. It serves as another space or medium to generate income as well. Hence, the crypto community grown and many people took interest because of the circulating news (good for investment).

On the other hand, it has its negative effect to crypto and traders. Because of pandemic, the source of income generated by average people became limited, limiting also the investments they put into btc. In addition, impulsive buying and selling of tokens were evident because of the panic felt by some users. I believe there’s always a chain reaction for every possible effect on something. The impact of pandemic on cryptocurrency has two sides, balancing the edges.

If we say something about seeing present situation bitcoin is now in super hype plus all coins breaks all time high value than previous years. And everything happens in this pandemic situation.  I think when this pandemic start lots  of company shut down plus lots pf worker becomes jobless. In that time companies people interested to invest their money and want to get profit. May be when they research and they got to know about bitcoin altcoin thats why they are interested and they invest their money and that is why it becomes more valueable and super hyped.

I can't say that this pandemic gives good or bad effect to bitcoin because this market has probably experienced both. This pandemic has made most of the countries economics struggle because a lot of companies have closed thus eventually, leaving all the workers jobless. But also during this pandemic, bitcoin price started to rise again because of positive news caused by institutional investors. But then, it is also during this pandemic bitcoin started to dump too because of some healthy price correction right after its bullish price.

So in your opinion, the rise in bitcoin during this pandemic was only due to good news from investors in one of the institutions?  Is that not an exaggeration, is there really no effect from the Pandemic itself.  There have indeed been several jumps in the price of bitcoin to reach an all-time high.  But there are many other supporting factors.

We have to accept the impact of the pandemic, the good and bad effects, and live it according to what we expect in the future.
At the beginning of the pandemic, cryptocurrency experienced a very low deficit that made many people do not believe this, but over time it slowly changed and reversed the direction where bitcoin was used as an alternative as a transaction and also investment nowadays even almost reached a new ATH but The price has come down again and it is still high yet to come in its time.

In our work, we actually don't need to rely on it because this has become a limited policy where workers are laid off because the economy is bad, but now the business is growing again and this opens up opportunities for those who want to work again.

One thing that must be known and one of them is, the increase in bitcoin is greatly influenced by the growth of its users and the more people who use and adopt it will have an impact on the increase in bitcoin.
During this pandemic, many new people got involved in bitcoin and they started to realize the benefits of bitcoin during the pandemic and they made bitcoin or other crypto as an alternative source to make money, by investing, trading and other ways to get it.

Considering the fact that fiat is starting to be used less due to the threat it imposes upon being able to transfer virus to its holder makes it a great opportunity for bitcoin and other crypto to become more convenient and safe at the same time. Not only you can purchase using crypto, you can also earn money without physically touching it. At this times, we maybe witnessing a transition that is quite unnoticeable wherein cryptocurrency is slowly taking over the world given the instance of safety and precaution when we talk about money. The benefits also are way more better than fiat's that is why many people are starting to patronize the use of it.

Not sure if bitcoin and other cryptos are taking over the function of fiat, as even banks are continuing to carry out their own transformations by customizing digital transactions. That way, transactions with physical contact can still be avoided with digital payments. The bad impact or not caused by the pandemic for the bitcoin market remains and cannot be avoided, if you reminded it in last March at least it was the panic in the bitcoin market. There will always be good and bad repercussions from every situation that occurs, I'm just not sure whether the increase that happened at the end of this year was due to the pandemic or not, because even the value of any asset recovered at the end of this year and not just about bitcoin market.

Indeed, due to pandemic the bitcoin is pumping. We need to stay at home to avoid pandemic, also we need to work and need to earn money. Online business is the answer and the crypto currency is the one who fill our needs. Also some businessman (like companies, countries and investor) need to earn. This is the reason why the bitcoin value is very huge they investing in cryto currency over investing on their business. As of now the bitcoin is good due to alternative source of income which is bitcoin influence in our market.

Bitcoin is a great alternative source of income to some of us but I don't think it would be the same with other people especially those that are illiterate when it comes to these types of technologies. Another thing is that they rather work instead of investing their money in crypto currencies. Not because they don't trust cryptos, but because they can't trade or invest just like us.

We can say that the coronavirus pandemic has had an ambiguous impact on cryptocurrency. Overall, however, it turned out to be more positive than negative. First of all, the forced isolation and the impending threat of large inflation and even the global economic crisis made people more interested in cryptocurrency, and governments to look for an alternative to cash, which turned out to be carriers of the coronavirus.
It cannot be said that the current high growth of the cryptocurrency market was achieved only thanks to the coronavirus pandemic, however, a certain share of success belongs to it.

The pandemic has definitely had a positive effect on the cryptocurrency ecosystem, I think it will give positive results as long as the pandemic continues.And in this case, people have restricted money spending and are looking for ways to fully protect and increase their money, ultimately turning to cryptocurrencies.

May it had a positive effect, it made many lose their lives. So, please don't "pray" for this shit to continue anymore just because the greed of human beings have risen up to a new level, but we should expect that this pandemic just gets out of this world and should open up wider opportunities for almost everyone out there to earn a buck. And yes, its effect was seen on all the crypto when big names came out calling BTC in their portfolio.

we are already starting to contain this virus as the world starts rolling-out the vaccine. we dont need this to continue. a lot of people already opened up themselves to crypto owed to lockdown last year. thats more than enough for the humanity.
and up until now, people or institutions are continuing to recognise the capability of btc or crypto. companies are starting to integrate crypto in their payment system. so yeah, we dont need this virus to continue wreaking havoc to the humanity

Agreed, but you can't disagree to the fact that the need to shift to a different asset class to store our money (for the unknown ones who didn't knew about crypto before this pandemic) took place when they saw that now, even cash (Fiat paper money) cannot be kept handy because every country was forced to implement some level of digitalization of money which drew people's attention to Bitcoin and other cryptocurrencies and made them believe that if they'll keep their fiat money digitally stored in their bank accounts, it'll still be the same amount even after 10 years but that's not the case with cryptocurrencies because while being a store of value, crypto's high-edged volatility gives us an opportunity to let our money grow while being put inside a chip or few chunks of crypto.

In actuality, the pandemic should've been very bad for the market, with people losing jobs left and right, and cashing out of money an imminent threat yet an understandable one due to the fact that they have lives to sustain, Bitcoin should've dropped dead way back 2020, which it almost could've, knowing that March was when bitcoin dropped to $6000. But larger companies came in and pumped the value of the coin, which severely affected the price for the better, and that's where we are now.

At the beginning of the pandemic, it must be taken into account that Bitcoin fell, but it is normal, panic in the market caused such behavior, not only in Bitcoin, but all markets, except gold.

Time later, specifically a few months, they began to see Bitcoin as a safe shelter, and people liked the investment in Bitcoin and Gold, than any other action or currency. The causes can be many, perhaps confinement in the home made many begin to see the Bitcoin market as a real option for investment, some to do trade.

People began to have more confidence and still in pandemic is that a series of events have been generated that have brought new ATH market.

As of now, we can say that bitcoin and other cryptocurrencies are doing well despite we are facing a pamdemic. People have so much time staying in their homes and mostly of them are findings some good opportunities online, and trading or investing in crypto/s is one of their chores online. People also uses crypto as a way of payment in gettings services online.

The pandemic seems to be good for the market. My stock portfolio is up by at least 20% compared to the pre-pandemic levels. Here the real estate prices have risen by 20% to 30% during the last 12 months. Cryptocurrency has risen by 400%. Only bullion seems to be going down. Even the bank interest rates are going up (which was expected after all the stimulus measures announced by the government).

A pandemic is a very sudden event and causes a lot of loss from the property and families of many people, and the work of many organizations is also affected, creating a very strong economic downturn, crypto currency is also affected significantly when investors withdraw capital to offset the effects of the downturn. But luckily, as you said, when the need to make money online becomes a hotspot, crypto has no small advantages, as soon as the economic bailout packages are fully provided to everyone, crypto becomes better than ever in a pandemic.

While other form of investment is going down and of course our economy is affected a lot, people find a way to protect their money and that is by investing in crypto. The good thing for those who really understand is that crypto is a good store of value for your money, choose bitcoin, hold and wait and experience what we experience now. These investors are smart, they know how bad the effect of the pandemic to our economy, hence they will always try to find ways to minimize the risk of their investment and bitcoin has been a good option.

Without doubts this pandemic was good for bitcoin market. It gave the impulse that was faulting to level crypto market up. I think it happened due to the fact traditional investments starved during 2020, at least in my country, especially fixed income investments which were all surpassed by inflation, while variable income had some difficult time to stay above inflation, although it was better than nothing. It means people holding fiat lost patrimony value last year and it probably incentived many investors to put their money in bitcoin to protect it against inflation and fiat devaluation.

Pandemic is useful for bitcoins; as of late, Coronavirus impact positive on bitcoin's market.
I know the market is steady; however, it didn't tumble down. Numerous individuals took a rest in-home and made a day trade with bitcoins.

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There was no occupation duty or any family issue government was taking care of everything.1
I think during the pandemic, individuals focus on bitcoin and help the market to remain stable. I give my unsurpassed to bitcoin's exchange, and I procure embrace benefit.

Im in neutral i could say because this market isnt really that affected even though most economies had greatly affected because of the pandemic thats why we cant really make out some precise conclusions if it did really

make out some impact or not but as we do all know on when it happened where bitcoins price do able to hit up its peak of 60k+ which is on this year which is truly remarkable.

We dont know on what actually happened behind the curtains but it turns out to be a great year on crypto as a whole specially with Bitcoin.

However, bitcoin initially fell significantly because the majority of the market was in a bear market due to the pandemic. When there is a disaster, most coins go into the red, but it recovers after a few months and is currently very strong. I believe the pandemic is beneficial to bitcoin because many people now understand what bitcoin is and have invested in it, which is beneficial to bitcoin. This is the result of people becoming interested in the internet because they are bored at home and want to make money online.

Even though that Bitcoin has nothing to do with the COVID-19 pandemic (with the exception of traditional stocks of course), we have to consider ourselves fortunate that the price ballooned beyond our expectations as well as some of the top cryptocurrencies out there.

On top of that, it gives us new opportunities and can be utiilized by just thinking outside of the box. As crypto creates new jobs and opportunities, DeFi, NFTs, etc., it’s gonna be good for us who are already in this industry and for those who are about to enter this space no matter if there’s COVID-19 pandemic.

True to that, many of us that the market will tank with the start of the pandemic outbreak last year. But the opposite came and it became better for bitcoin and the whole crypto market as well.

The whole year during the pandemic, a lot of opportunities came out. Since most of us have stayed at home for the precautionary measure that's implemented by most countries, a lot of projects also came out and gave us a way to earn through side hustles.

Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.

That could be the bigger reason, I mean there's a lot of people that's been more curious in crypto during the pandemic but it could have also been a coincidence that there's a huge pump in prices just because crypto has been here for about a decade so it's likely just a coincidence.

Well, after having all this time to reflect - we know what the answer was.

The pandemic was fantastic for crypto. Not only has the pandemic allowed all central banks to spend unlimited amounts of money, it's also exposed the high inflationary period that was once called transitory, but now is here to stay. Chinese markets having strain are just the beginning, you'll see CNY take a nose dive soon enough (not necessarily pandemic related but there was some strain) USD obviously in complete chaos with a current 5+ percent inflation rate, expected to remain high for the rest of the year.

I said earlier that the pandemic was terrible for bitcoin because the markets had obviously crashed, taking BTC with it - but I had not foreseen government royally destroying their currencies for a disease with a 99 percent survival rate. So good on them for proving me wrong. I'll take it.

Bitcoin with no shadow doubt helped many during the pandemic because almost everyone across every globe got locked down and the only thing they could turn to was their computer and Internet.

In that process, many learnt what Bitcoin and cryptocurrency a whole entails and they made gains to sustain their daily activities either through trading or short term investment.

There's a drop of stocks while the pandemic is emerging but many have recovered too. That's the same with bitcoin, it has made a good run while it is on the pandemic.

Which allowed everybody to look at how cheap it was pre-pandemic.

The epidemic is sweet for bitcoin. Helped people learn something new not a terrible thing in some situations and it can actually boost the economy and make new jobs during. Overall, it stimulates investment and growth - everything needed for healthy economic process. The demand for crypto and the value of bitcoin are rising. the worth of products and services rises rapidly when wages remain stable the purchasing power of cash decreases and therefore the cost of living becomes costlier.

this is not without reason, because indeed they can't go anywhere because their work and activities are limited besides that some even go bankrupt which makes them rack their brains to provide benefits for them but by staying at home because the lockdown is still happening.
and this is actually a very good thing at least they have a little glimmer of hope when it comes to learning about cryptocurrencies.
although it is indeed a high risk when on this path, but at least trying is better than doing nothing to change fate during this pandemic.

Fortunately, the Bitcoin market was not affected by the epidemic. Rather, this epidemic made the Bitcoin market worse than before because the people who retired from work learned its value and accepted to invest it. Its decentralization feature made it the first choice for everyone who does not want to mix with people and go to banks, and despite the collapse of the economy in Many countries indicated that the Bitcoin market continued on its way and achieved its highest levels.

Pandemic is not affecting the price of Bitcoin but they give other chance to know more about this like you. If you want to invest in Bitcoin you need more patient to hold and wait a profit to earn a lot and always check the graph or the news because it can help you. Just try and try with your own risk.

The pandemic situation so far has attracted many people to enter the crypto world and various things in it. This has had such a good effect on the market that Bitcoin had reached the highest price in its price history. Well, it's very good if we can take advantage of situations like this to keep the spirit of looking for certain income or profits that can be done, even though economic conditions are generally declining due to the pandemic. Bitcoin is like a good hope for everyone, there is nothing wrong with investing in Bitcoin, after all it also doesn't make people lose or get more risks if they keep learning and gain much knowledge about Bitcoin and everything in it.

It takes a bad situations sometimes to make something good thrive.  It's not like there was a bitcoin giveaway or massive advertisement for bitcoin during the pandemic, i think the pandemic slowed a down a lot of people's daily busy fast moving life's, and gave them till to catch up with information from reading books & magazines, TV , the internet etc.
Because everyone had to bounce back to their Savings or investments for most of the lockdown, those who never made plans for any emergency situation were really hit hard as they soon discovered that the money at hand was not sufficient. As a result, alot of person's have made amends and don't want to be in any emergency situation unprepared again, hence the search for ways to invest, of which bitcoin and cryptocurrency must pop up. So the pandemic was good for bitcoin market because demand for bitcoin increased as users increased, and according to economics, an increase in demand leads to increase price as the demanded item becomes scarce.

What I just noticed, while we are in pandemic state where most of my friends are in lockdown and the only way to do their jobs is thru online, many of them got got interested in bitcoin. I don't know where they discovered but looks like in social medias like fb and twitter, some of them approached me about crypto and how they can buy, interest in investment opportunities are getting huge because of this pandemic. Peoples mindset in just going for work everyday has changed a lot, they learn how to invest money into something that they can earn even without doing anything, and defi is the best option for them. I really believe that in the near future, many people will invest mostly in crypto especially in Defi because of its decentralized nature.      

I think pandemic doesn't help the market but it really helps the people to believe in cryptocurrency in the terms of getting extra cash by investing.

People really need money and that's the reason why most of them urge to invest in the crypto market and that's a good thing especially right now here in my country, most of us are playing NFT games.

Cryptocurrency is more introduced here because of those NFT games and it's because of the pandemic, people want extra money through NFT games.

When it is a pandemic that makes many businesses and types of investments lose money then cryptcurrencies are the best solution, many people enter cryptocurrencies because of the huge profit opportunities and when the cryptocurrencies marketcap pandemic skyrockets more than 300%, of course the pandemic is a good thing for cryptocurrencies.

Yes, that's right, including me. During the pandemic I am more active and spend time in front of the computer to generate income from trading results and this is good for me. I think many people, like me, have started to focus on earning income through bitcoin trading. And the pandemic doesn't really affect bitcoin, people are more actively looking for this opportunity. I think this is the right time for you to enter.

Many are waiting for the price of cryptocurrencies to go up, in fact BTC analysts around the world are waiting for the price to reach $ 100k, some believe that when it reaches $ 100k the price will drop suddenly, I know the $ 100k a lot They will be sold, but as things go, it can go as high as $ 100k and keep increasing, of course the S2F model is one of the best predictors, however this year is the ideal to reach that goal.

According to the model, the next target will be for $ 288k, and if it reaches this price it will be total madness, because I would like to see what the enemies of Bitcoin, the economists who do not believe and especially the countries will say. who have banned BTC and are fighting to ban it through amendments.

Proof that there is more interest in Bitcoin coming from new investors.

This indicates that pandemic brings new people as they've got time to do proper research, for those who at first are doubting this venue of investment, after understanding deeper, they are now in here and probably enjoy their participation.


Acknowledging that new ATH, and currently Bitcoin, is moving ahead. The chance of seeing another new ATH while this pandemic still exists is very much possible.

It's because investors are looking for everything virtual right now, big funding company are investing on tech company and investors are also looking for investing on digital currency projects.
This pandemic has changed the world become virtually just like the film that has future themed. And we already at the gate of the era where everything is becoming virtual and as a human we have to adapt the changes

Yes.

Transactions made from bitcoin are remaining intact and thus, keeps on growing. The whole world are starting to go back to the usual that we've been doing.

The investments and assets are coming back to their value that was lost to them in a slow mode.

When many people are stressed because of the pandemic and their finances drop, the last hope is to try to invest bitcoin, when they get a profit they will invest with an increasing value, this is what makes bitcoin continue to improve so that it becomes the best investment choice during a pandemic.

It's not a last hope, there can still be a lot of things that they can do but it's a good option.

Investing in bitcoin is good  for those that have finances but for those that will rely on it, I don't think it's really a good idea.

I think It is already an established market and even if any act of God comes to the world, the bitcoin market will last as long as there is stable demand and market capitalization. It is important for you to know your situation during this pandemic if you can get your money out of your pocket and convert it into assets or hold bitcoins. And does the problem matter or not? sure yes. When the economies of the countries go down, unemployment and hunger due to the pandemic are high, prices will recover, only the pandemic will pass and the economies of the countries will gradually recover.

As long there's internet and no matter what those natural calamities would impact out on the world then Bitcoin would still live.It cant be affect with those natural conditions
which means it will always vary with the demand and support of the community.No news or events that could precisely tell or able to make the market go down on precise manner.
It could move on various ways without knowing on when it would happen and that what makes it too unpredictable but at least you could presume basing on different aspect or
factors too which could be considerable.

I think in a difficult situation like today most people will choose to use money to survive rather than invest in any form. after this pandemic is over and the economy starts to recover that is the right time to invest because difficult situations like this could happen again in the future.

I can agree that most people around the world wouldn't think of investing in crypto when we are still in these challenging times. But I believe a lot of us here find being involve in crypto to be a blessing in disguise during this pandemic. This forum alone helped a lot in supplementing some of the needs of forum users via different activities like the sig campaigns, bounty programs, services and many others. And as we have see, owed to the pandemic, the adoption in crypto grow stronger. A lot of people become interested on checking out crypto as people were stuck at their homes during the height of pandemic period. So they were looking for alternative options on how to earn additional income.

logically it is like that, but for people who are in cryptocurrency trading, I think they will buy when there is an opportunity for future investment. Of course, no matter how much money we have, if the price is low, we will leave a little to buy it, because it is related to the moment

In my opinion the pandemic was very good for the bitcoin market. We have seen a big rally in bitcoins and most of the a alt coins over the last 12 months. There are a few factors during the pandemic which helped the crypto market a lot. First of all, the goverments all around the world started to inject a lot of money into the economy in an effort to try and stabilize the economy. The reduced tax income for the state was being offset by giving out free money and cheap loans in an effort to try and increase spending and investments. But since not everybody wants to spend their money and we don't get any interest on our savings account many investors looked for new opportunities and found them in the crypto world. Together with the rising inflation this created a huge demand for crypto currencies. And secondly, the multiple lockdowns forced all of us to stay at home and many people had more time on their hand due to lower working hours or losing their jobs. In search of finding new ways to make money some people turned towards crypto currencies. Everybody with a PC and internet access can start trading cryptos from home with low fees.

this kind of post always give me second thought as claiming to be a newbie and making a THREAD then after will never come online.
This means this is solely created to farm post and not intentionally to learn and listen to the answer .
What comes to the forum mostly now.actually act of God like this makes the market more stronger and more valuable  now, people come to seek for what is much safer to use and that is why they enter in crypto specially bitcoin.

I believe overall that the pandemic has been a positive for the bitcoin market.  It seems like the pandemic woke up a lot of people when it comes to realizing that the goverments inflated/highly controlled money can just keep being printed off in droves, without any regard to the consequences..or I should say with little regard.  This drove a lot of people to bitcoin. I think other things such as the US stimulus checks helped as well.

I am forced to deny this opinion, there are too many options lined up before bitcoin, the financial decline has been funded by the government, they not only helped overcome difficulties during the pandemic, they will help with the recovery time after the pandemic, neighbors also help each other, can't fall into a lonely and helpless situation. Moreover, finance during the pandemic makes people's spending very standard and limited to a minimum, argues that bitcoin will be the enlightening standard, it is impractical

From the beginning I thought that the pandemic was the perfect option to see BTC grow to $ 100k, I took into account the panic and the fundamental that the pandemic represents at one point, my perception was not so wrong, but it did not have the impact that I thought I was going to have, I thought that the market would go down, and it would quickly pick up and have a new ath at least at $ 100k, for the simple fact that the confinement was going to force people to do all their transactions digitally and the The best way is through crypto, of course the global adoption at the end of 2019 and the beginning of 2020 is not as it is currently, however, seeing how everything is going in the world if it will reach that new ATH but very slowly, most likely to December, and by the time the pandemic ends (which I see very difficult) BTC could take a much bigger leap to the top.

Yes it's good for bitcoin because it is caused by people's awareness of the function of bitcoin as a safe asset and experiencing a very big demand during the pandemic, and everyone started to think positively and understand bitcoin is a safe haven asset during the pandemic and they are securing their assets in bitcoin because of other assets decreased when the pandemic started and caused the price of bitcoin to rise due to high demand.
and besides, a number of well-known conglomerates and companies say that bitcoin can be an asset that protects against inflation, and the growth of bitcoin users increases when they turn to bitcoin or other cryptocurrencies as a source of income in their own way, and this is historically important as people eventually become more be confident and recognize bitcoin fundamentals as a safe haven asset and an inflation hedge as well as a promising investment.

We remember that only in the initial period after the official announcement of the onset of the coronavirus, all cryptocurrencies, including bitcoin, fell sharply in price. After that, the cryptocurrency market gradually recovered and has only continued to expand since then. It can even be said that the coronavirus pandemic has largely contributed to the fact that the states themselves highly appreciated the functionality of the cryptocurrency and began to massively consider the possibility of introducing their national digitized currencies. During this period, people under quarantine conditions became more interested in and using cryptocurrency.

Almost everyday is good to invest in bitcoin, if you have what it takes then you should do it today especially if the market are dipping low because there's always a high chance that the market will recover immediately. Do always mind that the price is so volatile and make it as an advantage to yourself.
If you can invest today then do it today, don't wait for tomorrow. Generally speaking, every single day there's a new investor in bitcoin that makes profits rather than those who just shows interest and doesn't make any move.

This pandemic shows us that it is good for the bitcoin and still the best way to invest your funds. Invest only what you can afford because there's always a risk of losing.

The pandemic was able to boost the cryptocurrency market to a higher price because of people changing there view and mode of income into online. The pandemic was able to show people about another ways they can run transactions which is through cryptocurrency. Making investors were able to adoption Bitcoin during this time because there Fiat was not that stable again.

I will consider it as a boon, because only after pandemic instructional investors started to make their switch in portfolio as stock market were crashing and in order to hedge against dollar, they started investing in bitcoin and after one of the organization when they buy other follow and today there are numerous organizations having bitcoin with them and numbers are growing.

It became good for the Crypto market, investors got another opportunity to buy Bitcoin at a very low price of $5k  that was a rare opportunity those who believe, bought and HODL until it reaches $40k made a huge profit I also thought that Bitcoin will suffer because of the pandemic, but it's become a haven for investors who shifted from stocks and mutual to Cryptocurrency.

Because of this pandemic, most people become jobless so the tendency is to find another way to earn money thru online and one of the option they find is trading crypto and of course nft games that can win crypto. Well crypto have already lots of users before but the pandemic helps boost crypto because everything now becomes online. In that case I think it is a good thing. As of what I have read also from different topic in this forum, the volume of transaction in crypto kept increasing.

I think when starting the pandemic situation the market was very good and day by day pump but in the midterm situation, lots of people or day traders lose their investment.so I will tell the pandemic situation overall contribution is very good for all traders and invetors.

I'm sorry if you've gone through things like that during this pandemic but I'm sure that other people experienced the same thing. As for me, the pandemic is good for Bitcoin because there have been lots of adoptions during this crisis. Most people have switched to cryptocurrency and even see it as an opportunity to earn online. These factors made the foundation of Bitcoin during this season stronger.

conditions during a pandemic are not easy ,an entrepreneur has to rack his brain for the sake of an economy that is being locked by most countrie ,diverting assets to bitcoin is one of their efforts not to go bankrupt during the lockdown ,and the increase in bitcoin during the pandemic is very well known and even many entrepreneurs who still hodl for more profit in the future in bitcoin

In addition to forcing someone to look for other income this pandemic has also made many people aware of the importance of investing, but right now it is not the right time to invest because in difficult conditions like today it is better to use money to survive than invest. This means that this pandemic will indirectly have a positive impact on the development of bitcoin in the future.

From the get-go pandemic had put some serious damage on bitcoin and cryptocurrency values, but then people saw opportunities for earning in this industry in a world that is basically barren of physical job opportunities and that allowed cryptocurrencies to bounce back and even reach new marketcaps. This goes to show that with the right vision and people, a bad circumstance could be turned around for the better. So for me the answer really depends on whether the people are pessimistic about the pandemic or not. Not gonna lie I lost a lot of stuff during the COVID-19 pandemic. All respects to OP's struggles and mishaps but in a world that will do everything it could to bring you down, you really would have no choice but to get up and get moving, otherwise you'll be left to rot. Some of us could never give up because there's either someone who relies on them for strength and support, or basically because they just can't. It's OP's choice if he wants to quit but being in the cryptocurrency industry himself, I would suggest for him to not give up.

This time pandemic served as a good time for bitcoin. This is all because of the increase in the usage of internet and people stayed within the home. During the pandemic people lost jobs and many looked for ways to make a living/money. This has landed more number of common public into the cryptocurrency market. During the same time period large scale investors made their entry into cryptocurrency. So, several good incidents happened in the market as a result of pandemic. The same can't be expected to take place if there is similar situation in the future.

There is no doubt that pandemic was very good for crypto and bitcoin because most of time peoples was doing things through online, and we have some good usage of this just because of this pandemic we have good growth and good development in blockchain games which are now helping in NFT as well and this all is bringing more crypto use case and adoption is also increasing very quickly as more peoples understanding this all and having better knowledge about this, so they are feeling much comfortable and positive for this all.

Specifically in my country, by the times of beginning of lockdown periods, most of my friends moved their investments from stocks into crypto markets as economy of my country was speculated to be slower than previous years; this could be one simple example how pandemic turned good for bitcoin markets.

And if the OP shell out a lil bit of his funds to bitcoin at that time of his posting last year, it was only about $11-12k per btc when he created this thread, he's already gaining huge profits even if he cashed out when bitcoin dropped at around $30k this year. However, I don't know if he continues his journey here because after creating this thread, he didn't go back. I guess, if he learned the price today of btc, he's regretting it if he didn't buy some last year.

But let us admit, though the pandemic brought a lot of negatives around the globe, it created a good impact to crypto as a whole. Bitcoin, on top, gained a lot of interest from people. Because as you said, a lot were stuck at homes looking for alternative sources of how to earn money. Also, bitcoin halving happened last year when most of the global population were in lockdown. So the news definitely reached out to a lot of households as people were confined to their homes. They learned more about crypto because they had the time to search and study it. So overall, pandemic brought a lot of good things to bitcoin and we are still enjoying it up until now, as adoption is increasing, not only by individuals or organizations but even as a country like El Salvador.

In my opinion the pandemic is good for bitcoin. In fact, it can be bad. Pandemic has a huge impact on the economy and life of all countries not only that but it also claims a lot of other people's lives. However, after the pandemic, the price of BTC increased and recovered gradually and now there are many people who see BTC as a highly speculative asset. It is because of this that the BTC market became active after the last pandemic.

Indirect in terms of many people have their curiosity about this venue of investment, un-plan participations comes up
after realizing good opportunities,

people who got the chance of learning deeper about this market are now engaging
and some already gaining a decent amount of money.

Not all though have that chance or opportunities, only for those who really keen in finding the right strategy to have a good
chance of earning a good amount of money.