Did Coronavirus Help Bitcoin and Cryptocurrency - Debate about with Valutainment

[Wind_FURY]

What the critics say, "Bitcoin is too volatile, it's not a good store of value".

What also the critics say, "Bitcoin market is not moving, it will not attract investors".

Make up your minds!

[rexxarofmoknathal]

To me all the facts he gave make sense like everything about banks that were bashing it and then started buying in secret.

I found this discussion interesting. While I like Max and some of his points I must say that the strongest disagreement is one one of his points. No bank had insights before hand to be able to buy in secret. In fact that statement makes no sense at all - why would buying in secret be so sacred?

As for the virus helping our crypto, I think yes and no. Yes, as it might have contributed to more awareness and no because investors got cold feet and weren't as risk averse.

[Gotumoot]

It only helps in a small way on helping people see that there are instance that online payment is more superior than cash.
And it would help lessen or slower the virus spread out but other than that I don't really think that corona virus help Bitcoin at all.

[pixie85]

Don't know if I agree. Its something to get an introspective of the situation with its effects on the global currency market.

You don't know if you agree with Max or the host?

Max is a Bitcoin bull and I like him because I'm bullish myself. To me all the facts he gave make sense like everything about banks that were bashing it and then started buying in secret.

I don't think that the identity of Bitcoin creators matter. It's a waste of time to keep looking for Satoshi because his identity doesn't change the idea behind Bitcoin.

So the banks started buying Bitcoins in secret?Does anyone have some secret insider information proving that banks started secretly buying Bitcoin?I don't think so.This is all just rumors,lies and wishful thinking.
There's no clear proof that the coronavirus pandemic "helps" for growing the cryptocurrency markets.
The crypto markets are stagnating,just like the stock markets and all the other markets.
We can decide whether or not the pandemic helped for boosting Bitcoin after the end of the pandemic.
Nobody knows when the pandemic will end.I think it will end after 2-3 years.

There are numerous articles about JPMorgan trading cryptocurrencies right after their CEO said that he'd fire anyone found doing it.

Also JPMorgan tried to patent a Bitcoin alternative while attacking the original in the media to discourage investors.

It's not really wishful thinking. Wishful thinking is believing that banks will always be honest with their clients and their bashing of cryptocurrencies doesn't have a second bottom.

https://steemit.com/bitcoin/@ura-soul/as-predicted-jp-morgan-caught-buying-large-amounts-of-bitcoin-after-public-statement-that-bitcoin-is-a-scam-and-no-jp-morgan
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

[Latviand]

This financial crisis certainly brought a lot of attention to bitcoin.
Bitcoin hold steady, we are now in an interesting price while many world economies and stocks are struggling.

Is $9.5k an interesting price for bitcoin? That's just a normal price for bitcoin and nothing's new to it.

Maybe, some of the people are taking this opportunity to learn and use bitcoin so that they can somehow earn profit while in quarantine.

It would be a mistake to say that corona virus has not changed Bitcoin and cryptocurrency. Initially, there was a huge increase in inflation during the corona virus. Although this inflation has overcome the crypto market very quickly. I don't think corona virus helped Bitcoin or cryptocurrency because this has not changed much since the beginning of the year.

Financial crisis don't really have a positive impact to all of us, even in the coins that you are holding. This inflation really brought us a struggle in the crypto market that's why other people are scared to engage in investing to it. Economic crisis like this is not a joke and it is really hard to cope up with this problem when this virus is not yet terminated.