Bitcoin Forum

In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?

Well, if you are talking about the Corona Virus, I have to correct you that it isn't an epidemic but a pandemic, there's a big difference between the two. To answer your question assuming that you change epidemic to pandenic, I think the pandemic affected the market big time, people are more online because everyone is on a lockdown so people have more time to spend online.

Personally, I think that Coronavirus has affected the Bitcoin and crypto markets, but in the opposite direction from the one you mention - namely the price of BTC has risen due to the pandemic.

In such pandemics, people are looking to invest in something that is not depreciating or there is no inflation, mainly gold. But last year we saw a serious institutional interest in Bitcoin and the crypto world precisely because of the Coronavirus situation.

This, in my opinion, was the initial push of the record we saw a month ago.

The pandemic has actually affected the market really well. Because nearly everybody has been at home and it caused them to search for different things to do. And so many people have met this market and Bitcoin in this period. As a result, the demand for Bitcoin and the other cryptocurrencies has increased at a really high rate.

I wouldn't disagree! We are in the middle of a pandemic and the world economy is suffering. Job losses are everywhere and people are living on government's income support scheme. We are seeing a nightmare still in many countries. Crypto is not completely secluded from the earthly matters, so it got affected as well.

However, we have actually seen a great bull run from bitcoin and other few chosen altcoins during this pandemic as well. When the price of bitcoin reached to 60k, we all expected a correction. Now look at the market, it is increasing again.

These are part of daily crypto market. Every dip is an opportunity.

We can actually see how much the epidemic affected bitcoin considering the fact that the bull run occured months after the start of the pandemic. It gave off a positive outcome as many people ended up using bitcoin as an investment due to the current closing off their current regular jobs. The economy for many countriew went down for sure but it provided us time to take advantage of our investments wherein we were able to provide more time with it and focus which probably made many benefit as the bull run occured if ever they were able to buy and invest before the bull run.

I am probably against the popular view and say that overall it has had a very small impact.
A lot of people had major financial issues and had to sell their BTC / crypto to survive.
Others who had extra money do to government support bought some because they could.
Probably very close to a balanced amount of money.

The run up and then the small correction we just had are part of the normal cycle.

-Dave

Actually when the pandemic hit Bitcoin went down with everything else:
 Bitcoin loses half of its value in two-day plunge (https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-value-in-two-day-plunge.html) the bull run started 10 months after that when basically everything was growing because they saw the end of restrictions, the vaccine was available and stimulus money was pouring everywhere.

You can't have growth in Bitcoin with a destroyed economy, it's a simple thing, where would that money come from if everyone is jobless and homeless?
Just as stocks and other assets need money to reach higher levels, speculations that it will become a safe haven in case of an economic collapse have really taken a hit, it might work if a country is in recession but with a global crisis, it won't see people flocking to it.

The pandemic made businesses shut down and people lose jobs, that's what happened due to this crisis and now we are experiencing inflation because it leads to the government printing trillions already and the impact on BTC is it made the price soar because the wealthy individuals are looking to hedge their money and bitcoin solves it.
As a result, the wealthy people who didn't choose BTC are buying properties just to keep their money before its value dissolves.

The price of BTC when the pandemic started was below $10k. That says a lot.

I think that this pandemic period helped Bitcoin and the price grow even bigger than before. Because there are many more people who have learned about Bitcoin right now. Lately, the market is not in a good condition but it isn't related to pandemic of course.

Perhaps, pandemic and bitcoin price have a correlation, but I am not sure about that. People can still use bitcoin, and they can buy and sell bitcoin because even if the bitcoin price is down, the price will increase so that people can make a profit because of the price gap. That means people can make money from bitcoin, which they can use for surviving this pandemic. As long as people do not give up on the current situation, bitcoin can help them make money. Besides that, the bitcoin price will increase and even increase more than the last ATH.

The pandemic created a global economy recession and people were trying to find some alternate Market to invest their savings in hope of getting profits so crypto was in hype at that time which in turn boosted the investments in btc market and so the prices touch it's ATH of $64k near Coinbase listing on Nasdaq.But it was at one point Musk manipulation also like Tesla investment and btc acceptance which contributed at one point.People always tend to move from traditional markets after these types of pandemic which made them realise the importance of that assest afterwards and with rising inflation fiat is somewhere losing its power.So yes this time helped for btc growth at vast level.

Did you even see bitcoins when heavy lockdowns has been implemented on many countries? Does the price falls? or did you see some major sell off when this incidents around the world happening?.

Since this really not happen in reality actually bitcoin gather more attention when people are lock inside their homes since when bull run cames many people shares about bitcoins thats why many other people got interested to join and earn with it. We see a high price rally of it thats why I never think about bitcoin price will fall since we know people are finding some good opportunities and they find bitcoin which have good potential to give them good profits.

isn't it too late to talk about this now? we've been in lockdown for more than a year, and if there's any effect than the first few months would be the best point to see it. imo the effect is more apparent on those who works outdoor or rely on face to face activity till now, crypto and the trading market doesn't seem too care that much.

The pandemic and inflation money printing, QEs on Earth combine with each other and make Bitcoin moves up faster than it should do without the pandemic.

Nevertheless, I don't consider Bitcoin is overvalued concurrently. The party after May 2020 halving has yet completed. In addition, this 2020 halving party will not be as same as the 2024 halving party. Next four years, less Bitcoin will be mined each block and the inflation chart will become flatter.

It is time to call for holding.

The lockdowns last March caused many things to fail.

Bitcoin recovered, showing its resilience to such things. So, yes, the big impact has already been shown.

Now you have Biden implementing god-knows how many trillions of dollars in his plans, which causes people to put more money into bitcoin.

The pandemic has caused bitcoin to take off faster than it would have normally. It solidified its position.

Bitcoin's price has increased during the pandemic and we had our ATH. The scenario changed after news from a disaster in a chinese coal mine came to light. 21 people were trapped inside the mine and accordingly to the news the mine was restarted without government's permission, as more power was needed to supply the bitcoin mining operations. After that accident, chinese government announced another crypto ban and Elon Musk stabbed bitcoin in the back. After those events, speculation took place and a bear season started.

Bitcoin is a way to protect our money against fiat inflation. The digital currency is the most accessible and easiest way for doing it. That is why the price skyrocketed during the pandemic, because people were fearful of their traditional investments which rely on the prosperity of the their local economies and currencies. Governments print too much money to keep things temporarily stable, but on long term the effects are catastrophic.
The alternative is bitcoin, since it has a limited supply and investors have the assurance this rule isn't going to change (I have some doubts on this matter, but that is the idea bitcoin sells).

Coronavirus has had a really huge impact on Bitcoin and the rest of the market. As people started getting stuck at home, they've started searching for new adventures. And they've met this market. The demand has increased rapidly.

I thought the "coronovirus and Bitcoin" discussion/threads was/were over already years ago. :D

@OP You cannot compare Bitcoin with any other companies out there even if the market value of it is mostly compared by many, but bankruptcy and BTC does not have relation, maybe in price but it is irrelevant.
Bitcoin is dependent on the internet, by the way. Although I heard that BTC can be sent through SMS back in the days.

Personally, I see absolutely nothing to do with the rise of bitcoin and the coronavirus pandemic. I can't imagine how people who have lost their jobs, instead of saving money for living, will buy bitcoins. On the contrary, they will sell bitcoins.

If it weren't for the recent manipulations, actually things were going really good for Bitcoin. There was a really huge demand and we were getting positive news about the market. So, I can't say that pandemic was bad for this market.

No doubt, this pandemic has made everyone looking for side jobs and extra money online. or start looking for investments online. and bitcoin as an investment option that is easy, flexible, and can be accessed by anyone, my assumption this is why a lot of new holders had an impact on most of us. and also the principle of economy high demand high price proved to happen in crypto market today.

Maybe, you are not seeing other things here. Like the increase of number of merchants accepting crypto. A lot are avoiding the use of cash now to prevent possible infection from the virus. So these merchants are adding options like crypto payment method. Also, there are a lot of financial institutions that get involved in bitcoin during this pandemic. They saw their opportunity here and I believe a lot more are still joining this market. And remember also, during this time, Elon has been one of the popular personalities that get involved in crypto. So yes, we can say that this pandemic has significantly influence bitcoin and crypto market.

While other investments have been falling since the start of the pandemic, bitcoin on the other hand surges its price in the most unexpected time. Lot of opportunities have welcomed bitcoin and those big institutional investors have even made a strong back up for bitcoin. So i also agree that this epidemic created a huge impact on bitcoin not the negative but more of its positive side.

Absolutely having a huge impact, it was a positive impact as I can see it.
The growth of its price and massively increase of its demand is due to the covid-19. As people are not allowed to go outside but mostly suggested to get online services, the more it attracts/encourages people to use Bitcoin and any digital payment options.

On the other side also, the increase of gambling sites giving away for crypto holders to make use of their Bitcoin during the pandemic. It has found to have a huge change, in our lifestyle and it is very fortunate that it gives us a comfortable life than before.

It is obvious that COVID-19 will have an impact on the Bitcoin market. On March 12, 2020, U.S. stocks melted and Bitcoin plummeted by 50% in a single day. The market generally believed that Bitcoin was about to return to zero. In addition to ordinary people, many institutions even sold their Bitcoin. That day was the worst period of COVID-19. China closed the country, but the virus was still spreading overseas and it appeared to be out of control. In the face of this kind of disaster at the human level, all consensus and ideas are meaningless. After all, what is the use of the Bitcoin network after all people are dead.

But on the other hand, because of the COVID-19 outbreak, the United States had to adopt economic easing policies to promote economic recovery. Other countries have followed suit in order to prevent the depreciation of the U.S. dollar. This is the root cause of this Bitcoin bull market. A large amount of funds have entered the stock market, Bitcoin and other investment markets.

what do you mean, epidemic or pandemic,?? if you say epidemic I don't understand at all what you mean, please correct me, I think the pandemic has a big impact on bitcoin, during the pandemic there will definitely be a lockdown, and people can't travel freely, even go to work, people just spend their free time at home , while playing the internet, and learning more seriously about bitcoin, so during the pandemic more and more people are jumping into bitcoin..

The pandemic has caused currencies in traditional economic sectors such as tourism, restaurant business, transportation, and centralized goods production to stop or reduce operations. Money flows out of those industries and into other types of investments: stocks, forex, cryptocurrencies, and metals like gold and silver. That is the main reason for Bitcoin to grow strongly from $4000 until today.

The damage that it caused to traditional financial sector is heavy but it was a really big help for bitcoin market because a lot of people tried to find another way to make money and they discovered bitcoin and they were able to make a lot of money investing in bitcoin during the pandemic. Another problem that is looming is that probably bitcoin market is going to go down after this pandemic is over because people will probably quit for the time being to resume their day jobs.

People started relying on online payment now due to limited physical interaction, more merchants and huge e-payments companies are adapting to crypto.
I guess it effectively increases bitcoin popularity, but on the contrary, most of us are struggling, so we sell it, which also led to increased activities in crypto market. Generally, It impacted positively.

More on positive, that is what I see.
More people had come and appreciated Bitcoin during this pandemic time compared before. A lot of questions arise before the pandemic and its early days but for now, we can see that more people have shown their interest and even rich people are now investing in crypto.

It is to wonder that the pandemic helps people recognize Bitcoin as a form of currency, not only an investment. And this simply means that crypto adoption has come fast and more awareness happening this time.

The pandemic, as any major event, affects Bitcoin indirectly: media write about it, people feel anxious and act on emotions fast. That's how the price dropped hard in the middle of March 2020. But unlike the rest of the economy which objectively suffered and lost tons of money due to lockdowns, Bitcoin didn't get hurt by these events. So the price recovered, and now I'd say the pandemic isn't affecting Bitcoin. If something serious happens with the traditional market, people might start buying Bitcoin or selling it more actively than usual, though.

Not epidemic, it is pandemic. The covid 19 pandemic  had a huge impact on bitcoin. From the onset of lockdowns caused by the rapid spread of the covid virus, many companies have laid off their workers or closed their businesses which has caused for many people to lose their jobs. And because of that, they are stay at home searching online job as an alternative to earn money. Bitcoin is one of those online job that people are now using to earn money. People recognize and accept bitcoin because of pandemic. Those who don't believe in bitcoin before the pandemic, Now they are using and investing in bitcoin.

When the pandemic started, crypto and stocks market dumped but after that all this market rebound and continue bullish and ATH. I think this happen because amillion people quit from the office job and they only can work at home, and they chooce spot online trading. So that more new investor come in in to crypto and stocks markets that the trigger market to bullish.

what you say can certainly be true and reasonable but it can also not guarantee that it can be true. because in a pandemic situation where many have to work at home and there are also layoffs, of course logically they will have more time to work on crypto, but how many of those who do work at home or are fired are already familiar with crypto alone. if you don't know, of course there will be no significant additions from users, but is it possible that those who are in financial difficulties want to do crypto trading, which obviously must have experience because it is possible that the severance money will actually be lost in crypto trading.

so there is no research that determines that during a pandemic, crypto is increasing and transactions are bigger than usual, because I don't see any very significant spikes and it's just like other days. maybe those who want to know crypto are also not able to quickly do it during a pandemic where they can't meet face to face. but if there is an increase of course there will also be many projects that arise but in fact many projects have to extend the time because sales are not achieved.

hello sir, yes right now everyone really needs money with the current situation or rather the covid 19 virus which hampers the activities and finances of the country, there is a lot of speculation that destroys bitcoin so bitcoin falls because there are a lot of FUD and many people panic to sell it, indeed state finances are currently weak but not with bitcoin, bitcoin will only weaken when many FUD threatens

Your claims about BTC being heavily affected by the pandemic which causes massive dips on BTC might not be the reason at all but only a fraction of it. Actually, there are no massive dips that happen last year until the recent cases which involve Elon Musk and China's banned on BTC mining. So I don't BTC has fallen due to pandemics. In fact, it even reaches another milestone which is new ATH and it seems pandemic has no direct affect on BTC's market at all

Anything happen in the world may impact on bitcoin market. Sometimes if there is good things that happen in the world it can make bitcoin price rise or fall or if there is something bad happen then it also can make bitcoin price fall or rise. For example, this pandemic is bad for the world economy but it become good sentiments for bitcoin because people now looking at cashless payment method that keep them healthy and stay away from virus. In my point of view, everything that happen in the world will give positive impact on bitcoin only if it make people looking for bitcoin, whether it as an escape from the situation or follow trend or etc. But I am not an expert and maybe I am wrong, but atleast that is what I see during few years investing in cryptocurrency.

I honestly am thinking quite the opposite of what you are saying. Because as the pandemic started affecting millions making them lose jobs, redusing roi or even making losses, most of these people has turned into this industry. This is because of fomo and the fear of losing more than they already have lost. As we know, beginners tend to think that this is a get rich quick industry. Hence, more people started to invest money.

Yes it will surely have a big impact, since the economic situation worsen, then the financial condition of many people got worse as well. Many people use bitcoin as investment, and when their financial is in danger, and they have nothing else they might be forced to sell bitcoin to keep surviving. If many people selling it then of course the price will fall. However, it won't last that long. People will have to think long term, and they might have to start investing again, maybe in bitcoin since the profit is quite high, so they can have extra money in case any emergency happens. That's why bitcoin can still stay strong, many people are selling it, yes, but still there are a lot of other people who want to buy bitcoin and hold them.

In the long run, the return of the economy to normal will eliminate the need for more Stimulus Checks, which is an economic strategy provided by governments around the world to support small businesses and the unemployed. It is generally believed that printing more currency as a rescue plan will lead to inflation, which is very detrimental to legal tender, but is more favorable to Bitcoin and digital currency.

It should have had a huge impact, but in reality it didn't. We don't see any bitcoin hype because of the corona virus. I thought, maybe the government doesn't really care about finances in this pandemic period, just fighting with viruses, vaccines, etc. The worst impact, meanwhile, is that many people lose their jobs and they live a disrupted life. But bitcoin impacted my life while my pandemic was still able to produce.

This pandemic greatly contributes to the adoption of cryptocurrencies in many countries especially in a third-world country.

People are hoping for something profitable and they found out that bitcoin can be a good thing to fight inflation that's why.

Covid-19 gives way to those people who want to enlighten themselves in terms of investment but the best part is that it is in digital aspects.

The pandemic has indeed made the world economy worse, and this has affected the population as well as most of them experiencing a financial crisis.
Therefore, many people start to think about being able to find ways to save the wealth they have, and on the other hand looking for a source of income
in the current situation. Finally, Bitcoin emerged as the best way to solve economic problems, in addition to investing in Bitcoin can make the money
we have avoid inflation. Investing in Bitcoin can also generate huge profits, we can see the performance of Bitcoin since the pandemic occurred until
now showing an increasing performance. This has become strong evidence that investing in Bitcoin can save the economy of many people.

Is that really true? I do not really see how pandemic helps that because yes,,, people were buying more bitcoin because of inflation, using their salaries to get more I can believe this.

But in third world countries or even like in my own, people are not earning in pandemic and have no salaries. How to buy Bitcoin?:) They are living at home and trying to do 2nd or even 3rd jobs now.

Some are very unfortunate and many had lost their job during this pandemic. I understand the situation that these people in the 3rd world country (from where I belong) had missed this chance. yeah, they become hopeless every day, and investing in Bitcoin is neither their priority. That is sometimes I think that crypto investment makes rich people become richer and poor people remain poor because of losing an opportunity.

At the first phase of the widespread of the corona virus after being stated as a pandemic, markets have suffered into a big declination due to panic which includes both stock and crypto market. Bitcoin have been affected real hard at the start of pandemic that drags it down into the bottom price of more or less $5,000 but the good thing have happened at the early days of June 2020 wherein it is slowly regaining from the loss. While the stock market is still suffering at that point, Bitcoin and other cryptocurrency are moving up due to massive adaptation of people getting into crypto and transfer of funds to save their money from stock market to crypto market. The pandemic have brought both declination as well as progression on Bitcoin if we will conclude.

Epidemic is defined as the disease affected within specific community/region.

Pandemic is the disease affected within communities and are widespread around different countries of the world. Covid-19 is pandemic.

Positive effects of pandemic on Bitcoin

• Helped with massive adoption.
• Increased awareness about cryptocurrencies.
• Made more people move into cryptocurrency from stocks trading.
• Trading volume on every country have reached the peak.
• People have started to believe in it, because earlier it is always talked related to illegal activities.

This pandemic really influences so many factors. But, did you know, when this pandemic accruing until right now, in fact, the price of Bitcoin was increasing at that time.
the fallen price of Bitcoin is not because of this pandemic where the people are selling to fulfill their daily needs because most of them are jobless or lose their finances.
However, it is more to the negative issues that happened in several countries and also some people who spread it.
We all know that people can still withdraw crypto to fiat without selling the Bitcoin asset but more to the profits that have been gained.

I think this pandemic has a big effect on bitcoin if not why the market is down, given that it is true that them price value of bitcoin is not always steady, there is somehow effect because of the increase of the demand and the operation also is affected due to its global condition. 

I honestly thinking the opposite way of what OP was said. I've been participating actively in crypto related works, accessing cmc and checking the real-time update about the market flow of crypto for not quite long but what I have observed was the market of bitcoin really doing great when the pandemic starts and when the economic crises rises. It is devastating that we have faced such kind of pandemic but it seems that it bring a positive impact to crypto market or in bitcoin. For me this pandemic made a big impact on bitcoin.

If it's Covid-19 then yes for me it has a huge impact on Bitcoin,
For me it gave a huge boost to cryptocurrency because of the pandemic many people joined crypto to earn so yes it made a huge impact it brought new and fresh investor's in the market.

It seems most of here are celebrating and thankful because of the pandemic why we got a big good impact on Bitcoin.
We should also think on the other side, what if this pandemic will be over? Like the Covid19 will start to vanish, what will be the Bitcoin situation then? It will go back to below $10,000?

So far it's not very big, because the rise of regular bitcoins is accompanied by good news, but we never see that bitcoin being the solution to this pandemic is news. Although we as a bitcoin community feel very helped by the existence of bitcoin during the pandemic, but it has not been felt by everyone. I hope the government thinks about this.

Bitcoin has survived the epidemic from the beginning and its price is getting stronger which is the most important thing. The epidemic will not have any effect on bitcoin but rather has increased the demand for bitcoin most people are leaning towards crypto to overcome the epidemic crisis new companies and new investors are being added to the crypto market so even if the price of bitcoin goes down its price will gradually increase. Besides everything bitcoin fans will not stop trading it there are many people who love bitcoin they raise the price.

Does the pandemic have a big impact on Bitcoin? Yes, it does showcase Bitcoin to the world during the total lockdown caused by the pandemic when some business owner look for another alternative to transaction instead of receiving payment through fiat currency which could be possibly be infected with the virus. However, fiat currency show no interest while Bitcoin is doing very well in the market and alot of institution investors sees it as saviour. Despite the positive impact of the pandemic it also has to impact Bitcoin negatively which is quite normal.

My mission is that the impact of the epidemic on the Bitcoin market is not great. Because it mainly uses electronic equipment, everyone can trade and develop at home instead of face-to-face communication.

Regarding the epidemic, everyone is playing mobile phones at home, and understands that Bitcoin has also increased during the epidemic. But the epidemic still has little impact on Bitcoin itself.

So what helps the market in Positive or negative way?

for me it is >>>>>


Negative - because the market drops high in 2020 march when the pandemic was start spreading every part of the world.


Positive - because the people around the world turns to online and that helps the crypto make its ATH over and over agian.

Like I said,,, people have no jobs and no money, anything they can get they are spending on food and even earning second incomes and third incomes to pay for bills. It is not that they do not want to save in Bitcoin it is about not even having money to save and even eating their current savings already. So no, I cannot see how pandemic is good for poor people to buy BTC.

The pandemic has impact on Bitcoin but it does not give the poor chances to get rich. They have many other things to solve every day and with them, investment is something out of hands.

Firstly, the pandemic brings more QEs from big nations that in turn help people are more aware of the instinct (hyper)inflation of fiat currencies. They are more attracted to the fixed supply of Bitcoin.

Secondly, the halving in May 2020 comes in time, 2 months after the pandemic announcement from World Health Organization. It hep to amplify the impacts from the pandemic.

Lastly, the massive participation of institutes and their investments amplify Bitcoin more among the crowd.

Together, those factors contribute to the mini bull run for Bitcoin.

Bitcoin will never come up to bankruptcy since the system is anonymous and it is dealing with digital market place. Everything is through technology.

For me this pandemic add more popularity and attraction from the people around the world. As we all know the people are looking for another alternative investment apart from banks or fiat.

Good impact for popularity and awareness.

wait a minute :) I understand what you mean but let me correct your words about "epidemic" :) you can use the word pandemic for this virus because it's spread out of control and not in one area only, it has spread all over the world and maybe You have to be able to distinguish the difference between an epidemic and a pandemic. For the discussion of the economy, of course, this affects everything, including here in cryptocurrencies and I think because of this pandemic the price of bitcoin has gone up, which can be seen in the past few months. and this is due to the large number of people turning to crypto for the reasons of the pandemic itself. many people are starting to glance because they think how to make assets or money without the need to leave the house and social distancing and they think here is very suitable even though the way they think that crypto is a place to find wealth instantly is wrong but many people join because they think here can make money instantly.

you seem to have misinterpreted about epidemics and pandemics because here there is a slight difference in meaning. epidemic refers to a radius scale that is larger than an area, but for a pandemic the specified scale has reached national and inter-country. so for this virus you better say it as a pandemic not an epidemic. and for the impact that happened here, of course, it was very big because the economy was paralyzed for several countries because of the sharp decline due to this pandemic and large countries were also affected because of this incident and what was worse the unemployment rate around the world was increasing due to the pandemic. this is what requires some companies to close due to bankruptcy, but for crypto I think it's the other way around because with this pandemic even more people are joining here, apart from the fomo of new people hoping to get a little profit by following people who have been around for a long time in crypto. although their method is less effective because they trade directly without knowing the consequences that must be taken and how crypto works but this is an increase for crypto because it is getting more and more every year because many people have followed both from long-term investments and from trading. and this is all a result of the current pandemic

it is undeniable that this pandemic affects all aspects of our lives, as well as the stock market and crypto at the beginning of the pandemic. but we must not give up, and look at what has happened in the crypto market these past few months, the market is in prime condition and gives us many opportunities to make a profit. All methods including investing, trading, bounty, airdrop, staking, etc. all give great benefits.

and yes, we do have to take lessons from all of this, there must be negative and positive sides. we must be optimistic and adapt to change in order to survive. I'm happy, finally, many people are getting to know crypto and make it an alternative to earning income.

Yesterday I had a new understanding of this issue. In the case of the epidemic, the United States has taken many measures to stimulate economic growth. The US dollar is extremely unstable. More and more people are looking for new investment methods when they come. Of people have invested in the Bitcoin market.

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Heads up to all:
Epidemic: Infectious disease that spreads large population in very short period of time over two consecutive weeks.
Pandemic: It is an epidemic that spreads across the continent, large area etc.

---

Could not resist but to put those definition at start since everyone is just using the "Epidemic" word from the OP's title which seems irrelevant at this point of June 2021.

Did it impact bitcoin?
Well, basically it impacted the good routine streaks of people around the globe. The 9-5 job, businesses, shipping companies halted for very long period of time creating that black hole where the economy got sucked out and has put everyone in recovery mode.

Whether it is an individual or crude oil company, everyone bears the cost of pandemic.

On the other hand, these are the ways from where real money comes to our pocket (salaries, businesses etc.) which we invest in BTC or other currencies.

If that is disturbed then yes, it impacted BTC some way other.

I think Covid really created a big impact on bitcoin. Since many people are just on their house and restricted to go out whenever they want, they have no choice but to just scroll on their social media on most of their time. Since bitcoin's price increased very fast these past months, many people got interested to it and thought of it as an opportunity to earn some money online. It became one of the top searched words online. Now that bitcoin's price dumped these past few weeks, I don't know if this is because of the pandemic. Some people already sold their holdings to make some cash.

aside from making money they try btc to have a currency that they can use online  because of the complicated situation that we have now .
 many benefited from btc but some are unfortunate and lost thier investment because of scam and panic selling or selling at the wrong time but the dip of the price not caused by the pandemic but pandemic did help the price rise .
it had a huge impact and its positive

If I remember correctly, when Corona started last year, Bitcoin and all of Crypto was down, really down. On 8th of March, Bitcoin was around 4k, ETH $80. Just so sad that I din't buy any Crypto during that time

But I'm still glad I was able to find good projects to invest in. ADA and MATIC, for DeFi gaming, AXS, TLM  (https://alienworlds.io/)and $ANRX (https://anrkeyx.io/landing)

may be useful for everyone during the pandemic, because our activities are limited by the government, sometimes finding work is difficult, and most of us are laid off by companies, so the opportunity is there, only bitcoin can help our finances, I think at the beginning of the pandemic and in the middle pandemic, in my opinion, bitcoin prices are still stable, only recently has bitcoin prices dropped, I don't think it's because of the pandemic, but caused by greedy people..

And it should not be surprising, at that time people were afraid that what we were seeing could put civilization at risk, even if the pandemic was bad and millions of people died the potential for the virus at the time was completely unknown and there was a possibility that it was way worse than what it actually ended up happening, so the markets in general were very nervous but it was natural that the crash happened and then as soon as it was obvious things will not be nearly as bad as what the markets thought the price grew up really fast.

The moment that these realizations started kicking into the minds of people, they also saw the potentials of Bitcoin even amidst this pandemic. That being said, I would say that the epidemic had and still is having a big impact on the lives of people and thus to Bitcoin as well. I just hope for the best, and that people will treasure and make wise decisions as they enter the crypto world.

IMO this pandemic has had a huge impact on Bitcoin and Altcoins, Because of the difficulty of getting a job, many people are trying to find other alternatives to make money. a survey conducted in my country, people are getting interested in Bitcoin and Altcoins because they believe in the big profits they can get if they buy during this pandemic.

In the earliest months since the pandemic, the cryptocurrency industry was shaken and it was evident when bitcoin all of a sudden dropped below $10,000 at the height of the COVID-19 panic. It would've never recovered, at least for me if not for the fact that important personalities and influencers pooled their efforts into pumping bitcoin, in which it even reached an all-time-high of $63,000. So yes, pandemics and worldwide events will definitely have an effect over bitcoin's price.

In my opinion I also think the same way, this pandemic give a big impact to the market, especially we talk about cryptocurrency market. There are so many people who had lost their job and crypto will be the next option for them to be productive.

Affected by the epidemic, global financial markets have experienced severe turbulence. Bitcoin is no exception. It plummeted 54% in mid-March. In fact, this is not surprising. Bitcoin is a hedge asset under the collapse of the legal currency system, not a crisis response. After that, Bitcoin rose by 20%. The financial crisis actually promoted the maturity of Bitcoin.

From last year's price point of view, in the absence of obvious policies, the entry of investors and institutions will also promote the price of Bitcoin. Because of the epidemic, global currency overflow, too much money printing, and inflation, digital currency is an export. This is also the reason why Bitcoin rebounded after the epidemic.

Bitcoin can be said to be an absolutely safe asset. Affected by the epidemic, the economy led by the United States has experienced problems. People are afraid of the depreciation of the dollar and will seek other asset investments to maintain their value. Bitcoin-led cryptocurrency is just right. Consistent and easy to trade, the virtual currency market, as an asset hedging identity, will not keep falling.

In the epidemic, Bitcoin was indeed affected. The black swan incident on March 12 made many experts say that Bitcoin was going to zero, but after a month or so, Bitcoin no longer has other constraints and has its own independence. In the market, a large amount of money flows into other investments, and Bitcoin is one of the best choices.

public panic because the impact of the current pandemic cannot change the selling value of bitcoin, it's just that they are affected and panicked to sell but I'm sure everything will run normally even though the economic movement is a little shaky with the belief that bitcoin will prosper..

only psychologically weak people would panic to sell it. if you look at the current itcoin has reached a decline of more than 50%. and that means that now is precisely the time to buy bitcoins. and I don't think this epidemic condition will affect the development of bitcoin, unless the condition has become a crisis, if it lasts a long time and society begins to experience economic decline

The epidemic has an impact on Bitcoin and the crypto market. Most people stayed at home during the epidemic, and they could learn about Bitcoin through the Internet. At this time, they would choose to invest in Bitcoin if they had no normal work income. They learn to study market fluctuations and price trend icons by themselves, and use their own judgment to invest in Bitcoin to make a profit. More people's recognition of Bitcoin is also beneficial to the Bitcoin market.

The epidemic will have a certain impact on Bitcoin, because it is the epidemic that has allowed many people to understand cryptocurrency, enter the cryptocurrency market, and understand the concept and knowledge of cryptocurrency. Because they have no income at home, they can have money by investing in cryptocurrency additional income. But if there is negative news about cryptocurrencies, they will sell their coins as soon as possible.

Panicked only happen in the beginning but look at the effect ? Bitcoin made its way to break and make another ATh multiple 3x  from the last ath happen in 2017.
Yeah this is the positive effect and nice to hear it from you.

we all also know that in the midst of a global pandemic that hit the world will also greatly affect any form and business, including in the crypto world because with the pandemic that is sweeping the world today, the number of declines in bitcoin prices on the stock market has increased, what more routines are all limited, but we are very confident that this will recover and the economy will return to normal including the crypto world

bitcoin massive adoption happen in the pandemic situation, for the long time lockdown in many countries, maintaining social distance, so there no way to buy our daily needs from physical shops.
so naturally everyone was depend on to use virtual money. when we see why need and importance of bitcoin adoption. i spend most of the time for bounty work. pandemic made a huge impact on bitcoin.

Well, I think this currently pandemic happened was contributed a lot to increase the price of bitcoin, people are using digital currency and one of the best alternative digital currency is a cryptocurrency and the most leading cryptocurrency is bitcoin no doubt it will really help the price boost too much during the pandemic period. Perhaps because using physical money was not a good idea during a pandemic, it will trigger the virus that will spread more and another conclusion is most people are at home, they use bitcoin to make money like trading and gambling, so it has really had an impact to the crypto price this pandemic.

The reason why crypto market boosted its popularity during this pandemic is because people or merchants are looking for alternative payment systems for cash. And crypto or bitcoin in particular is one good alternative that they see during this challenging period. And besides, during this pandemic a lot of people were stuck in their homes, and they found out that crypto market is one good option for them to earn money like participating in trading or just holding some of the crypto. So they have a lot of time to read more about crypto. I can say, there's positive impact in crypto even if we say we have this pandemic.

if it is used as an alternative payment to reduce physical contact, it seems that e-money is more widely used. we know that the adoption of crypto as a means of payment is not yet widespread right? so it seems that the second reason is more appropriate, where people are looking for alternative income through cryptocurrencies, whether trading, investing, and so on.

On March 11, 2020, the Covid19 pandemic was declared worldwide. If we observe a Bitcoin chart and take a look at its price. We can realize that it survived and has responded effectively to all events that have passed. There is no doubt that we have lived the worst moment of humanity and best of all is that we have overcome it.

Bitcoin will survive for a good purpose worldwide.
Many doubts will come to Bitcoin but if people who still do not know, they try at least some of their benefits, they can realize that all the principles are true for which it was created.

History has not changed is repeated in all corners of the planet because those who had to defend our rights ignored us because they preferred to accumulate riches behind their people. Since its Bitcoin conviction offers freedom without borders that give solutions to the most oppressed people. But these people need the light of knowledge to see that freedom.

The prevailing scenario around the globe has changed drastically due to the pandemic. This hasn't left the cryptocurrency as well as the digital growth.

With cryptocurrencies it has made a positive impact, because during the lockdown people are restricted to live within the limited circle and there is very less money flow. This can't be boosted within a short. By the time people are in need of money and the same has driven them towards cryptocurrency and very few have understood well about the technology and has started using it.

I think you are just calculating the bottom of a problem, in my opinion in the context of the covid 19 epidemic that is still raging around the world and most recently the Delta variant,... the current vaccine only holds up. 60% for this variant, and it's unlikely we have other, more dangerous variants. What will you do to make money, invest, build needs when frozen at home??? That's what I mean, bullish on bitcoin and totally positive. Lol

In crypto there are many ways to make money but don't compare us to real world jobs. Even though during the pandemic we can earn a lot of money without disturbing the investment value, we work hard for trading, bounties and airdrops as our main work. Our finances have increased 10x more than doing real world work.

The impact of this sudden global epidemic on Bitcoin is huge.

This epidemic has not only caused the economy to continue to decline, but it is also changing people's ideology. I have another view that the epidemic is more like the earth's self-repair, because the economic damage to the global ecology has reached its peak.

• The epidemic has caused an economic downturn. The government represented by the United States prints money at any time according to its own wishes to stimulate economic recovery and lead to inflation.
  
• Investors' concerns about rising inflation, depreciation of the U.S. dollar, and declining purchasing power have prompted them to buy Bitcoin to preserve the value of the currency to hedge against any possible future declines in the U.S. dollar.
  
• Bitcoin, which is based on cryptography, computer science, and smart contracts, provides a stable and planned supply of Bitcoin. Currently, within the mining reward mechanism, an average of 6.25 new Bitcoins can be generated every 10 minutes. The supply of this currency can be controlled and inflation can be curbed.
  
• As a result, more people know and are familiar with Bitcoin. El Salvador is the first to use Bitcoin as a legal currency, followed by Paraguay. I believe that with the gradual opening of sovereign state policies, it will be more friendly to Bitcoin, and Bitcoin is legalized and standardized. The development has increased the confidence of traders and investors in Bitcoin, which has contributed to the influx of capital from various investment institutions and hedge and retirement funds into Bitcoin investment. The future will be very good
  

In the last sentence, this global epidemic is a fuel and accelerator for the development of Bitcoin. People all over the world often make the right choice when it is most difficult.
When God closes the door for you, he will open a window for you.

Although bitcoin had an impression within the youth of the epidemic people are now finding new opportunities to form money by sitting reception within the lockdown. By investing in bitcoin they need been ready to overcome their crisis easily there's little question that cryptocurrency or virtual currency will change the economic landscape of the planet virtual currencies have already begun to be approved during a controlled manner in many countries. Virtual currency are often introduced in our country during a special constitutional way.

This pandemic prevent people to do face to face transactions which mean that it will cause bad impact to the world economy. Bitcoin as digital currency ease people to do transactions a lot easier than bank transfer. I think mamy investors see this potential and then start to invest in bitcoin. Even we know that more popular people such as Elon Musk also buy btc although some people think that he only want the profit. But beside that I think he make more people start to invest in bitcoin, that is the positive thing. This pandemic is very bad for the world economy growth but I think it give big good impact on bitcoin.

The impact of the pandemic on bitcoin has made bitcoin increasingly known to many people. Many new players are entering and investing in bitcoin. The surge in bitcoin prices also occurred during the pandemic so it could reach new ATH. But despite having a positive impact on bitcoin, the pandemic is still not over. The pandemic is a major problem today. The economy is declining. For those who understand and know about bitcoin and how to make money from the sitting table, they certainly won't be so affected. But this greatly affects ordinary people who do not understand the virtual world.

You mean the pandemic? It did affect Bitcoin and other cryptocurrencies. I believe you must have noticed how the market was very low at first, even after the halving has taken place. A lot of people never even expected the bull run, because most of them thought that it was something that was going to happen when we start approaching the date for the halving, but it never happened that way, rather the way it happened, it was totally different.

People did sell their coins because of how hard things were during the pandemic, and that was the talk for most people, they just want to sell since they felt it wasn’t moving. But one thing that’s normal with Bitcoin is a rebound. If you ask me whether the pandemic affected Bitcoin? Yes it did.

Your understanding of bitcoin transactions that are easier than bank transactions actually only applies to players in the crypto market.
while for the general public, the digital fiat they use is very safe. the use of a bitcoin wallet that not all have is a constraint. Moreover, not all platforms in the community accept crypto.
indeed we know how the growth of bitcoin when this pandemic takes place. It's amazing when world stock prices are mostly down, but in the crypto market, everything is experiencing an increase in adoption. this is really amazing.

your mind is very genius, the impact of the pandemic is that people flocked to bitcoin, and people began to learn about bitcoin, because bitcoin is the only way to earn income during the pandemic, because many workers have been laid off, making people shift their jobs to other places. bitcoin.. good luck there is bitcoin, if there is no bitcoin during the pandemic, maybe our fate will be in trouble..

I hope the impact is positive and when a pandemic like this actually bitcoin and friends are a solution as a hygienic currency and maybe also a breaker in the chain of virus transmission compared to fiat even though fiat can also be used as an online transaction tool but bitcoin is more global because when you want to make a transaction in another country, we don't have to be confused to exchange it

there is no influence between bitcoin and the pandemic, where we see bitcoin reaching new ATH periodically up to 50k$, inversely proportional to the lives of people affected by the pandemic micro-companies go bankrupt, maybe not all areas experience a pandemic so bitcoin can reach a new ath,  from a country that is not experiencing a pandemic

despite the fact that we don't know, but to some extent between the pandemic and bitcoin, I think there is an influence. when many people were laid off, while bitcoin experienced a bullrun so many new investors tried their luck to join as bitcoiners, because some stories are many new bitcoiners who invest even without good knowledge

In short, Bitcoin is really a paradise that relieves economic pressure for quite a few people as investing here at a reasonable cost can generate a little extra income in this pandemic era but in the long run, the destruction rate of the pandemic will be faster than the rate people can make money here. Because now, people have stopped entering the workplace, income is no longer stable while the costs of operating at home as well as ordering online are too expensive, as soon as the money is exhausted to spend, the amount deposited in bitcoin is also forced to withdraw to compensate

As the pandemic continues, people have found their way to make money as the majority were being jobless, and hearing about Bitcoin is seemingly interesting to try.
If they will think that investing in Bitcoin will be their chance to become rich despite the market crisis and being jobless, they were right but joining the market without knowledge is wrong, and this will surely lead them to lose their money. As these numbers of newcomers, not all of them were able to continue but many of them just quit.

Corrections are usual.

And the situation is truly much better than it was before. But there will always be positions getting in at highs and that makes sense for those sad people that have entered during those times.

While we're in the pandemic, it wasn't expected that the market will grow as it is today.

An alteration to already existing and established businesses due to pandemics is an event that affects the source of income of such businesses.

talking about bitcoin, I can say it favours bitcoin positively in some aspects;
1. There was relatively high increase in the value of bitcoin in the pandemic than before.
2. People becomes more aware that there is another way of generating and spending money outside the scope of paper money.

Also negatively as:
1. There was a regular and frequent fluctuation in the price of bitcoin within the period.
2. People who have invested both with bitcoin and with other assets seeks means of taking their money back and having savings for themselves.

Pandemic has an impact on the economy and as well on bitcoin also.

I think it has a positive impact on cryptos as the pandemic has slowed down most businesses that rely on face to face interactions and the only ones seeing some life are those based on digital platforms .

Despite having the pandemic ,  people are desperately looking for ways to make some money online and bitcoin and other cryptos have provided this as an answer and should people see some gains,more investments into crypto should happen.

this global pandemic has caused a lot of people to have a miserable life, the economy is down and down everyone now needs money and the value of BTC going down is one thing that in We all will understand. and if you follow the news in the market you will know that all the essential commodities such as food and food have almost all gone up and life has become more and more difficult.

Bitcoin is also not the only source of income that can be worked on during a pandemic. but there are many other jobs like Trading in forex or stocks and some other investments. bitcoin is just one of the cryptocurrencies.
But the impact of bitcoin in modern times as it is today is quite felt. People are familiar with bitcoin as well as various altcoins in cryptocurrencies. working as a trader in crypto and several other jobs. The digital world is a world that must be studied.

I don't agree with you because the news I heard was different from your perception...

even though many people have become poor during this pandemic, there are also many people who are trying to find additional income from cryptocurrencies during this pandemic. Cryptocurrency transactions during this pandemic have increased many times compared to the pre-pandemic period, this shows that the pandemic has an effect on Bitcoin and investor interest.

Crypto was more known these days when people have been advised to stay at home. So they have more time to work online rather than going to work away from home. But i must say even if crypto becomes a good option when it comes to online jobs, its still has affected with the current pandemic. The market suddenly fall down while having its bearish season but eventually, things will be back to normal again once the market has recover. Things might have gone wrong for the world's economy but having bitcoin can be a great help to survive from this endless pandemic.

That's what happened. People have looked for a way to survive and add more with their income since it's hard to stay in a company that you don't know if they're floating or might file bankruptcy in the other day. Aside from that, the numbers that people have gambled has increased too and that's through the use of cryptocurrencies too.

Probably bitcoin and crypto in general really did shine in the midst of this pandemic, because of how many people lost their jobs and they were not able to leave their homes, they found bitcoin and crypto as an alternative a way to make an extra income either through investing, trading or whatever that is linked to it, while the rest of the world was going down the value of the cryptocurrency went up, and even after the pandemic ended a lot of companies and investors started considering it as an option due to how successful it is.

In a high profile dangerous situations corona pandemic, all systems in the world are badly influence not excluding cryptocurrencies. In coronavirus pandemic, men's , global economic, climate, and whole ecosystems are acutely hampered and some countries never be recovered within few years.

The covid-19 epidemic has left many people around the world unemployed and going through extreme economic hardship. Although the price of Bitcoin has increased at a significant rate throughout the entire pandemic, the effect of Covid-19 on Bitcoin cannot be ignored. As every country in the world is in the midst of an economic crisis, it has had some effect on the stock market and the crypto market as well.

Its almost 2 years that we had been trying to run of with this pandemic and no thing on this world hadnt been affected excluding those essential business out there and other things that
do really get some advantage on this current pandemic situation.I cant really say much about crypto on getting affected with the pandemic because no matter what the condition
the market have, it would  always be unpredictable no matter what the sentiment or situation we are facing on or even doesnt have any events at  all where price
cant be known on where it would be going.

First of all, this epidemic has swept the world, which has an impact on Bitcoin. At first, the price of Bitcoin plummeted, but I don’t think this is a surprise. The degree of decline is shocking. Compared to the epidemic eight years ago During the period, the trend of Bitcoin was different.

I personally believe that the rise of Bitcoin during the epidemic is related to the worsening of the new crown epidemic in China. After the reduction in new cases in China, the premium situation began to change.
Half a month later, Bitcoin fell below the normal price, indicating that people were panicked about the virus starting to spread in the United States and dumped them.
This shows that Chinese investors see Bitcoin as a safe haven, while the US does not.

The epidemic does not have much impact on Bitcoin, but many people cannot go to work because of the epidemic, and then learn about cryptocurrencies and enter the cryptocurrency market to make money. This makes the supply and demand of cryptocurrencies increase. If there are other impacts on Bitcoin It should be that some countries ban Bitcoin, which will have a downward impact on Bitcoin.

it's true as you said, bitcoin has no impact on the pandemic, actually bitcoin has given us a way, when the world is in a financial crisis, our movement is limited, bitcoin comes to give us the opportunity to earn income, to meet our needs,,

Bitcoin is a unique investment, when many types of investments, especially stocks drop, bitcoin actually experienced a significant increase, even in April it reached a price of $62k, this proves that the Covid pandemic has no effect whatsoever on bitcoin's performance.

The economy is falling into the black valley and the company is closing down to lessen the damage, employees are also being sent back to their homes, the demand for bitcoin may increase by several such aspects, although the government partially supports the economy but basically we still live on our frugality. Investment can only be a shake of the head in denial, there are only old people in bitcoin, the external economic damage is probably not enough for them to give up but continue, Bitcoin will be the emergency money that many people choose to convert for living expenses

In fact, this pandemic has both positive and negative impacts.  but for bitcoin it can have a positive impact because many people switch to bitcoin and start investing money there.  So I don't think the pandemic will always have a negative effect but also a positive one

To my mind covid had a huge impact on all spheres of our lives from entertainment to politics. You have seen that during 2020 year dollar was falling, and, as a matter of fact, when the dollar is decreasing, other commodities, currencies are increasing. So we have seen the biggest price ever because of the epidemic.
Bitcoin is not a bankrot as long as people use it. To my mind, people are unlikely to stop using it. So it is almost impossible for BTC to devalue.

Every pandemic of that level will have an impact not only Bitcoin prices and crypto assets, but also on all other assets as well because people are forced to sell part of it in order to be able to pay their bills and survive. During such a pandemic I guess what mostly happens is that wealth of low and middle income classes gets destroyed while the super rich can buy cheap what others are forced to sell below prices that are prevalent during normal market conditions. It is a redistribution of wealth towards the top because they can afford investing even in bad times.

It is because everybody is in lockdown before and have looked for another means of income. And they've googled about bitcoin as they've heard it that provided good profit for its investors.
They have that idea that it's about the profit that they can make easily but it's not all about how easy it is to make money from investing on it. It takes time and I guess many of them have understood it already.

One thing I am sighting here with the pandemic is the cashless payment alternative of money, so people had the options to convert their fiat to digital currency. From the start of the lockdown most local fiat exchange didn't have a usual business activities, that's why we experienced huge impact when bitcoin abruptly increasing in demand.
Also with the trading, buy and sell activities increased so fast that's why we reached at an ATH of $60k this year.

It is indeed true that cashless transactions dramatically increased, also because all those grocery stores explicitly asked their customers to use their credit or debit cards for payments in order to avoid Covid 19 infections. However, it is of course not like cryptocurrencies received a boost in usage because of that. Most of the stores that demand credit and debit card transactions don't have the proper infrastructure anyway to receive digital currencies.

The demand for a cashless transaction rise exponentially due to pandemic because it allows digital transaction without the need of a person to go to a certain location and meet a certain person where he/she would give money, less hassle and more safe. But I think this pandemic really have had a big impact to the cryptocurrency platform and luckily it is a positive impact, this pandemic brought an idea to the people that there is another way to earn while you're on your home keeping safe from the possibility of getting infected. Cryptocurrency today is widely known and the usage of the nft games went on trend and rest assured that the crypto will keep on booming.

the main point is that during this pandemic people tend to use digital systems for payments, so that this virus does not spread easily. in this case it is related to health, but unfortunately crypto has not been able to participate in it, regarding legalization. and when this pandemic occurred, we actually saw phenomenal crypto developments, unfortunately crypto can only be traded not for payment instruments according to its first function

Yes the pandemic not the epidemic have an impact on bitcoin but it's not as big as you think because there's other bigger news than the pandemic that have impacted bitcoin mauch more, onw example is the Tesla purchase, China banning mining to make way for Digital Yuan and El Salvador's acceptance of bitcoin as a legal tender.

in covid19, I suppose yes, but it's not a major factor in the evolution of bitcoin's value. But Altcoins are probably more influential, some major entertainment trends, online games, payments... this also causes a boom in demand. Example: Doge, at first Elon only bought this coin meme because it was related to his kids entertainment needs, since then it has exploded. AXS grows explosively with money-making online games (p2e)...

An epidemic is very different from a pandemic. An epidemic only affects a certain community or region. It is a spread of disease among a larger population but is limited to the community only or like what I've said, the region they belong to. Meanwhile, a pandemic is an epidemic that is spread across different countries all over the globe. Pandemic is uncontrolled widespread and much dangerous to the health status because most people are vulnerable to it.

Indeed, the pandemic has brought a lot of challenges and struggles to the majority of us. The rich aren't even exempted from this narrative, only that they still managed far ahead compared to the commoners. With this being said, a lot of fields and industries have been negatively impacted by the unforeseen dangers a pandemic crisis may bring. A lot were unprepared, leading to an unstabilized nation of most countries. Inflation increased during the peak of the pandemic wherein lockdowns and stop of operations were imposed. While bitcoin and other cryptocurrencies are just affected a bit, we can't deny the pandemic has also caused trouble regarding its price and position in the market.

The dip happened before, but it is totally normal given that nature of cryptocurrency is volatile. The dips are always a great opportunity to buy anyway. The prices bounced back not long after the dip and the bitcoin's value even hit 60k dollars. Right now, its price is increasing, although there are some corrections and adjustments, bitcoin and other top crypto's price are currently thriving again.

i don't agree with you, imo this pandemic really affects Bitcoin.  during the pandemic time peoples are trying to find investment assets that are profitable for them and only Bitcoin is doing very well during this pandemic.  see how stocks and properties don't give big returns during the pandemic. 

I don't think the covid pandemic has affected bitcoin's performance, but in the midst of the economic crisis that followed it, it created a catalyst and boosted popularity in the market, thus creating momentum.  very big.  And started to have millions of bitcoin users and love the crypto space.  Because they know what value bitcoin has created.

You are only telling half of the story. When all markets crashed around the world at the beginning of the pandemic, Bitcoin also crashed if I recall that correctly. Then against all expectations all markets around the world made record breaking profits on a daily basis up to the point where they broke ATHs despite the pandemic spreading further at full pace. That is when Bitcoin also went up again. Digital payments increased manyfold, but Bitcoin would never have played a statistically significant role in that as it is just too difficult to use on a daily basis for most of the people, mostly the elder ones who switched from cash to digital with their cards.

it's not how i think things happened, as i remember when things started going well for bitcoin and crypto in general during the pandemic, and other markets were going down maybe because investors were afraid that banks can get negatively affected by some political decisions which led them to a decentralized market which is crypto to invest in.

definitely, this pandemic brought significant turn of events in crypto history. who knows that during this pandemic, btc finally reached the 60k level? though at the start of the pandemic, btc went down. but later on, it bounced back. people got to know more about btc and crypto, as a lot of them were stuck in their homes. and during this time, btc halving happened. so it created another momentous event for btc. as merchants also are finding ways of alternative payments, crypto comes up as a very good viable option. this is why, the interest of the community further grow on this digital currency

While the opposite did happened, I think mostly have thought of the bad situation of the market when the pandemic has started. But well then, the different and opposite did came.

There's the moment that oil also hit its low and that made an alarming economic impact, whilst for bitcoin, it's the different and which made the impact positively.

During this time period most of the platforms have moved online. So, there is real growth and positive impact on businesses that have already kept themselves advanced on the internet. Cryptocurrency market had a good rise, because more people started to explore it and started to get into trading practice. The big change in market progress have happened with the online education platforms. The worth have turned in large multiples due to the possibility of using online services for education needs.

During the pandemic, not only bitcoin but gold is also the most sought after because it is the safest investment during the pandemic due to high investor interest in owning both investments as an effort to secure wealth from the threat of a global economic recession.

and besides that bitcoin users are increasing because it can provide opportunities for those who want to have an income due to losing their jobs and also the difficulty of finding income due to social restrictions, and during the pandemic many people turn to gold and bitcoin and this makes demand increase so the price of both also increases.

The pandemic and the lockdown for many places are really a hard situation for us and its undeniably true that many investors sell their bitcoin to sustain their everyday needs, the reason why the market turn bloody during that time but the good thing is it didnt last long.

I think one of the reason is during lockdown, those workers who place on temporary lay off on work seek for an opportunity online wherein they can earn while at home and bitcoin or crypto in general is one of the option as an investment.

Bitcoin is not exempted if stock markets, gold and the economy are crashing however the chance of bouncing back is high due to investors who believe that bitcoin is an innovative form of investment to achieve a financial freedom.

I think that's the biggest take away in all of this, the growth was spurred because people and their activities have been moved online thus centering or changing their interest in online stuff and that includes bitcoin and cryptocurrencies. Not to mention that stimulus checks was used by some people to buy themselves some investment.

It seems to me that you think about Bitcoin like many others do, that it is just a giglet with no real value. Maybe it was so some time ago, but now it has become a reserve currency in China. They provide offshore yuan with Bitcoin. It is proof that Bitcoin is an integral part of the modern economy today so it is unlikely to go bankrupt. As long as we use it, it will exist.

It is precisely because of the epidemic that the price of Bitcoin has risen. Due to business closures, many people are not working or working from home. Many people learn about cryptocurrency through friends or the news media. In my impression, there were a lot more altcoins during the popular period. I don't know if it is caused by the epidemic, many of them are scams. And some newcomers who have just entered the cryptocurrency have no experience and will lose some funds, causing some people to be afraid of cryptocurrency.
However, many people are still learning about cryptocurrency. When the epidemic has no source of income, they rely on cryptocurrency to make money. I will take my friends into cryptocurrency, which will increase the demand for the cryptocurrency market. This is also a good thing for the cryptocurrency market.

actually we don't really need investors but we need people that will use and circulate the coins  because this is a currency and not a material like gold to be stocked and let sit for long time.
and this is primarily what bitcoin must be treated and not what we have learned from the beginning that invest and hold.

When the pandemic officially was called out and actually broke out, meaning infection numbers went through the roof, Bitcoin went from $9,000 to below $5,000. That to me is a real crash. All other markets did the same. Afterwards things started to slowly recover when helicopter money was promised and paid and much more. Along with all other markets, Bitcoin also increased. Bitcoin wasn't particularly different from any other markets and if you ask me that is typical for any asset unless it is stock in pharmaceutical companies. During a crisis like a pandemic you have other stuff to resolve than pushing up the BTC price.

The pandemic will not have a major impact on Bitcoin.
First, indirectly, when WHO announced a pandemic, many countries in the world implemented lockdowns as a solution to prevent the virus. Automatically, the velocity of money will significantly decrease or even stop.
Second, Bitcoin is not an inflationary currency.
From the two points I mentioned above, the conclusion in my opinion, since 2019 was set by the WHO until now, the price of Bitcoin has been at $45K and many analyzes say BTC will be at $50K.
That is, not a negative impact, but a large positive impact.

Didn't everything increase in price world wide? I hardly know of any market that didn't increase except for gastronomy and those who are dependent on a frequent audience. Apart from that precious metals and many other assets have performed very well, including Bitcoin. It is not like Bitcoin was the only asset that got a boost during the pandemic. Not at all by the way, but rather a lot of money was invested all over the place.

I think that the pandemic period had a really good impact on Bitcoin price early on. There was a very high demand from people for Bitcoin. And this helped the price increase very quickly and even achieve a new ATH. So, I don't see this period as bad. We're still in the pandemic period and the price has started to climb again.

If it is said that all prices have gone up, it seems that you have to look back at how the stock prices collapsed in 2020, if they are now improving, they will not fully recover.  There are many companies that have laid off their employees and the economy is becoming more difficult.  If crypto doesn't have an impact then maybe because it's not centralized if it is centralized I'm sure the government has made certain policies for this new type of currency.

The pandemic had qn effect on bitcoin in both the bull and bear direction. The difference is that, it was more on the bull side than the bear side. In January 2020 when the pandemic was still at its earliest, you could see a negative impact on the bitcoin prices. The market happened to have gone bearish as people relied on bitcoin and other online investment packages for there daily bread due to the stay at home policy but, it all changed.

People soon came to realise that, working from home was the way to stay out of government policies and bitcoin offered more than just working from home. It came with a decentralized system for which, you say say the apex of your affairs and that means more to a lot of persons. Hence, the need for a cryptocurrency investment for bitcoin is it's strong hold. As such, the market started going bullish. It was a 2 direction kind of thing but, it helped more than it was damaging.

From what I have seen so far, the pandemic had both positive and negative impact on cryptocurrency. On one had, so many people became unemployed and as a result they had to dip in to their savings (including savings in the form of cryptocurrency). But at the same time, countries such as the United States were distributing stimulus cheques to the general population, including to those who don't need the money. At least a fraction of this money was used to purchase cryptocurrency (especially in the United States).

The pandemic affected the crypto market in two ways, at first when the pandemic came it made people lose their jobs, many people being unemployed had to sell their cryptocurrency to be able to sustain, and this made the crypto market to be so bearish, then after a period of time people being unemployed started looking for a new way to earn money. Some learnt how to trade, some invested the little there have and keep growing it, with this the crypto market started being bullish again and the pump continued.

Many people have lost their jobs and are living in captivity. They are only focusing on online passive income. This is increasing the popularity of Bitcoin and other virtual coins.  So than before Cryptocurrency is much more popular.

The role of crypto advertising is certainly very influential when we are online a lot at home, I'm happy because Google is no longer banned for crypto ads so that many users come, and now crypto is getting more popular because many big companies are also investing.

Affected by the epidemic, contact between people has decreased, and the frequency of using cash has also decreased. This makes institutions and individuals more inclined to use digital currency instead of direct contact with transactions. Digital currencies will use this as an opportunity to increase the sentiment driven by the epidemic, which will cause the price of Bitcoin to rise.