COVID-19 Increased Bitcoin Adoption

[flagpara]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

In this lockdown world, people don't want to take more risk with their money. Adoption of Bitcoin will increase after the halving. Need more time to adopt Bitcoin or cryptocurrency, when stock exchange can't recover. You can't have full access on stock exchange where, in Bitcoin you are free with your money.

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[carlisle1]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic. 
Why the price of Bitcoin is still down?

because the whales are waiting for another timing to re invest again and also most of the people that panicked when the pandemic affected the market is until now in doubt if they will put money back or stay holding fiat for emergency cases.

this is normal because the market is unstable and this can lead to more dumping or much pumping but whatever the outcome?let us stay Holding guys because the fruit will come out when harvesting comes.

[leowonderful]

That's a massive assumption to make. I personally haven't seen any major growth in interest for crypto recently, though to be fair I haven't seen a ton of people due to social distancing and all going on, and if anything, the coronavirus breakout has made other fiat digital forms of payment for physical goods more popular. Bitcoin and cryptocurrencies haven't seen a big enough jump in usage from this for a big jump in price to happen IMO, but I do agree that there are certainly more people looking into crypto as a result of this.

[Pamadar]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

In this lockdown world, people don't want to take more risk with their money. Adoption of Bitcoin will increase after the halving. Need more time to adopt Bitcoin or cryptocurrency, when stock exchange can't recover. You can't have full access on stock exchange where, in Bitcoin you are free with your money.

We should look for more better usages of  bitcoin and not alone for investment. With crisis like this people or institutions will find alternative ways to send their money and bitcoin / crypto will be able to help the community.
Transactions especially those donations can be process using blockchain/bitcoin increase in publicity and more people to learn the available platform
that they can have even this virus was already been contained.

[lienfaye]

If bitcoin adoption increased then it will reflect on the price but as we can see the value is moving a bit so I think its not the case. People are staying at home due to this virus but it doesnt mean they are already engaging themselves in crypto to use it as an alternative means of payment or for sending money. We know there are only limited stores/merchants where you can spend it though I believe the number of people using it in replace for remittance are increasing.

[Python Master]

It's just a small testing phase so it can not make Bitcoin price goes up. They just want to have something to do when they must stay at home during the Coronavirus outbreak because they have too much free time. When everything returns normal, i think most of them will forget Bitcoin.

[awik p]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

In this lockdown world, people don't want to take more risk with their money. Adoption of Bitcoin will increase after the halving. Need more time to adopt Bitcoin or cryptocurrency, when stock exchange can't recover. You can't have full access on stock exchange where, in Bitcoin you are free with your money.

We should look for more better usages of  bitcoin and not alone for investment. With crisis like this people or institutions will find alternative ways to send their money and bitcoin / crypto will be able to help the community.
Transactions especially those donations can be process using blockchain/bitcoin increase in publicity and more people to learn the available platform
that they can have even this virus was already been contained.

true, the essence of bitcoin is for digital currencies, and we should hope that this currency can be adopted en masse. while price increases are only the impact of growing demand. today many people assume that bitcoin will be adopted en masse, and switch functions as an investment tool

[TheClownSong]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic. 
Why the price of Bitcoin is still down?

The price of Bitcoin fell in my opinion because of panic investors and investors want to wait and see. But seeing the latest news shows that bitcoin is better than other investment instruments and I think this will continue because there is still a bitcoin halving moment

[CHENIEN]

This is the way to get rid of poison due to it is scary to hold fiat currency or anything if we are willing to stop the propagation of the virus, we must listen and obey the policy of the country and stay healthy at home and maintain cleanliness and besides, bitcoin technology is widely open to all investment transaction, you can buy everything for your daily basis and it is beneficial for this season that we are in danger, whereas covid-19 is not a joke, it has already happened in the past few years ago and there was also have a global economic crisis, hopefully, bitcoin adoption acceptance has increase not the number of deaths.

[Lantind]

It's just a small testing phase so it can not make Bitcoin price goes up. They just want to have something to do when they must stay at home during the Coronavirus outbreak because they have too much free time. When everything returns normal, i think most of them will forget Bitcoin.

Do not immediately judge something that is not certain to happen, because the truth is still very doubtful, because not all people who live in their respective homes at this time like bitcoin and do work inside bitcoin, because for those who already know about bitcoin and like bitcoin it will be difficult to forget it.

[cabron]

Bitcoin will always thrive in any condition which is why even this covid19 had beenmaking it difficult for countries to have stable economy BTC still is growing. Companies and organization started using BTC today because its easier and can be sent in any region in the world.

By the way, OP has been spaming bitcointalk since last year. I wouldn't be surprise if he'd end up like cheezcarls  https://bitcointalk.org/index.php?topic=5217092.20

[Dr.Osh]

it's a good thing if they really increase their adoption of bitcoin when lockdown. it's just, it's not convincing, because a while ago, the decline in the price of bitcoin really made a lot of people surprised. it's just that, seeing the development of bitcoin which is slowly growing, I think people are indeed starting to adopt bitcoin in their homes to increase their income.

[htsy585]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic. 
Why the price of Bitcoin is still down?

From where the crypto market stands with decreasing market cap, i'd say reverse is the case. There's global crisis and people are moving their fortunes from various volatile investment options to a more secure and safer options. This is the reason why not only cryptocurrency market is failing but other investments too, the stockmarket, gold, real estate to mention few. A lot of people are on lockdown, but that's dosen't quaratee the fact they have to use cryptocurrency or other digital currencies to get their financial lives running as they can do possiblly every transaction on their bank Mobile App. Crypto is a very volatile form of currency and volatile currencies are not the best option during global crisis.

[JeotQ]

The lockdown is still affecting everything, both stock and crypto, people need money to buy things, you can only way with crypto for things that can't be delivered to you, it's against the law, stay at your home is what the rules says

[joybella]

Yes the virus house lock down has made the search for bitcoin increase. Everyone is arrested to their houses and they're looking at new ways of investing or increasing their funds pending when they can transact in real life again.

[Kunnu]

We all know the main reason of this bearish market that's why situations are not in positive side it's time to be more responsible and aware we have to be patience and understand that Bitcoin won't struggle forever I believe it will prove its ability on the right time when the circumstances will be in control.

[trauchot]

Now all financial markets as well as the cryptocurrency market are experiencing problems and therefore everything falls due to the corona virus and it does not matter how fast blockchain technologies are developing, as manipulators and big players even now control the price of bitcoin.

[rahmatullah9305]

The lockdown is still affecting everything, both stock and crypto, people need money to buy things, you can only way with crypto for things that can't be delivered to you, it's against the law, stay at your home is what the rules says

Each country makes a lockdown duration, because if the lockdown is made in a long time, people who do not have a salary from the government will find it difficult to meet their daily needs, unless the government gives a little help to those who do not have a salary, so lockdown what made it had little effect on crypto.

[ssamotoev]

Now all financial markets as well as the cryptocurrency market are experiencing problems and therefore everything falls due to the corona virus and it does not matter how fast blockchain technologies are developing, as manipulators and big players even now control the price of bitcoin.

For me it looks like most of people are now sitting at home and trying to invest more precisely so it would be a lot more difficult for whales to manipulate the price of anything.
That is the reason bitcoin getting higher swiftly I believe

[istiak2277]

yes it a very good opportunity for crypto to gain a strong foothold in the world economy. When this virus can transfer from one person to another by paper cash then a paper cashless economy is a safer solution. I hope world leaders can understand the potential and necessity of the crypto and adopt it in their country. When lockdown took place then crypto can be a good alternative of paper cash.