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Author Topic: Covid-19 and Bitcoin  (Read 928 times)
Anna138
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September 19, 2020, 07:48:02 PM
 #61

I don't think we should relate Bitcoin to the pandemic that is happening.
We're just the same. There's no correlation between pandemic and the bitcoin price, there is no relative effect to the price because as you can see on the previous price when the pandemic was in the first strike, bitcoin has a slight correction but at the end, it is in bullish amidst covid 19 pandemic.

For now, bitcoin becomes popular through people were hanging online due to lockdown countries, as we can see the number of trader and investors in crypto has been rapidly increase, especially when Defi projects come.
Thanks to the pandemic, people have become more immersed in the Internet and online space in order to find new ways to earn money, and bitcoin has become one of the main topics recently. We can confidently say that the pandemic has become a lifeline for bitcoin and the entire cryptocurrency.

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September 19, 2020, 08:09:01 PM
 #62

I don't think we should relate Bitcoin to the pandemic that is happening.
We're just the same. There's no correlation between pandemic and the bitcoin price, there is no relative effect to the price because as you can see on the previous price when the pandemic was in the first strike, bitcoin has a slight correction but at the end, it is in bullish amidst covid 19 pandemic.

For now, bitcoin becomes popular through people were hanging online due to lockdown countries, as we can see the number of trader and investors in crypto has been rapidly increase, especially when Defi projects come.
Thanks to the pandemic, people have become more immersed in the Internet and online space in order to find new ways to earn money, and bitcoin has become one of the main topics recently. We can confidently say that the pandemic has become a lifeline for bitcoin and the entire cryptocurrency.
lifeline or a lifesaver? but cryptos arent dying  . cryptos are not on a critical state before the covid came but cryptos were spotted increasing during or after the entrant of the covid still idk if we shall give credit to it or nah . gadgets are also cheap  before so people are already into the web  . not all people have jobs and if there are, these people still have day offs and breaktimes which they spend to access the web .  its not the pandemic that help people but people only thinks it is

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September 19, 2020, 09:02:20 PM
 #63

My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
Even before when there is no covid-19, there are a lot of scammers that take advantage and using bitcoin to scam people. Our situation right now is just the same as before, covid-19 is being used as an excuse or they simply take advantage of this pandemic to scam more people for their own advantage.

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September 19, 2020, 09:25:26 PM
 #64

I don't even think the rise of bitcoin's price was because of this pandemic. This is possibly the after effect of halving, we can see how much it increased from $9k to $12k right now. However, those bitcoin scams you are saying are still growng and more victims are falling into their trap.


Really bitcoin price was not stabilised due to corona virus because during coronas virus bitcoin was still high and higher so relating the price to corona virus is improper, I suggest that while the price of bitcoin   dropped is because of cryptoccurrency market.

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October 04, 2020, 06:46:11 PM
 #65

I think the rise of bitcoin or the crypto market is not entirely due to the coronavirus because the price of bitcoin increased before the advent of Covid-19. Rather some investors have been killed because they had other ways of making money but now stop. However, with the advent of covid-19, the crypto market is being affected more and the number of investors is increasing. Also, a lot of people are now looking for jobs sitting at home and they are heading straight into the crypto market.

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October 04, 2020, 06:59:05 PM
 #66

I think the rise of bitcoin or the crypto market is not entirely due to the coronavirus because the price of bitcoin increased before the advent of Covid-19. Rather some investors have been killed because they had other ways of making money but now stop. However, with the advent of covid-19, the crypto market is being affected more and the number of investors is increasing. Also, a lot of people are now looking for jobs sitting at home and they are heading straight into the crypto market.
I think that at least this virus has made a lot of people pay attention to bitcoin and think about buying and investing. As for the future of bitcoin, it is not only the virus that affects it, so it is difficult to say what will happen next. Analysts are often wrong.
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October 04, 2020, 07:46:32 PM
Last edit: October 04, 2020, 08:28:59 PM by Asuspawer09
 #67

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

Its correct, Coronavirus forces a lot of countries to make it a digital transaction that kinda leads to bitcoin. A lot of people stay at home so most of the transactions are preferably digital or online.

That kinda makes it bitcoin scams more frequent because scammers are going to find a way to scam people and if people use more bitcoin, scammers are going to find a way to scam people in bitcoin. That would also create a lot of newbies or beginner when it comes to bitcoin giving the scammers a good opportunity to scam people that are just getting started in bitcoin because of the pandemic.

You can conclude that the coronavirus is a big factor why bitcoin scams are more frequent at this time. A lot of people using bitcoin would cause a higher value in bitcoin.

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October 05, 2020, 04:05:46 AM
 #68

Yes, Covid-19 really thought us some lessons that there is no safe place now than our own home, and that we need to stay home for over half a year now just to save our lives.
During this strange time, i am so grateful to have this bitcoin industry that is really reliable and helpful when in terms of purchasing online as a payment method.However, there are also lots of people now that are abusing the name of Bitcoin, and together this pandemic to implement their evil deeds. Its no surprise at all, even in different platforms, we can encounter this kind of fake pretending to be so real using Bitcoin as front and this covid-19. They took the trend as a great opportunity to fool the people that would believe their tricks.

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October 05, 2020, 04:49:21 AM
 #69

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
Corona virus is one of some factors affecting the price of Bitcoin. Why? Because we all stay at home. Shopping, paying bills and other goods and services accepts Bitcoin as payment so people are buying Bitcoin for such reason. Here in my country Bitcoin is used to pay bills, top up load, shopping, invest and many more. Bitcoin is legal and regulated so there is no such thing as getting scammed by local exchanges.

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October 05, 2020, 06:07:43 AM
 #70

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
Corona virus is one of some factors affecting the price of Bitcoin. Why? Because we all stay at home. Shopping, paying bills and other goods and services accepts Bitcoin as payment so people are buying Bitcoin for such reason. Here in my country Bitcoin is used to pay bills, top up load, shopping, invest and many more. Bitcoin is legal and regulated so there is no such thing as getting scammed by local exchanges.
It can be said that currently bitcoin is used as an alternative payment that does not use paper money, meaning that there is no meeting, transactions like this are usually called paperless and will make the spread of the corona virus stop because there is no direct interaction with humans, so your country applies the protocol properly and correctly.

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October 05, 2020, 02:20:36 PM
 #71

when many people stayed at home because of the COVID-19 pandemic they started looking for alternatives by finding out about cryptocurrencies especially Bitcoin, many people traded Bitcoin and not a few tried to invest in Bitcoin, but I think Bitcoin prices have increased not entirely because of Covid19, but after Yesterday's fork Bitcoin did experience an increase, maybe because of Covid 19 and many people who live at home and are getting to know Bitcoin, so everyone thinks the price of Bitcoin has gone up because of Covid19..

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October 05, 2020, 03:12:50 PM
 #72

More and more people are using their stimulus check to pump up BTC price.

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October 05, 2020, 03:32:50 PM
 #73

Your question is very general and several articles can be written about it.
But in general, it can be said that the Corona virus has created the conditions for more use and recognition of bitcoin.
And these conditions are sometimes in favor of fraudsters who cheat with lack of knowledge and awareness of people.
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October 05, 2020, 03:45:10 PM
 #74

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
In 2017 Bitcoin price was hit 20k. So in my opinion Bitcoin price up and down down don't depend upon covid-19. Bitcoin is a volatile currently. It's so much potential and good coin i have ever seen.

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October 05, 2020, 04:53:06 PM
 #75

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

That is highly unlikely because we cannot even determine what is the reason on why Bitcoin's price rising at different situations. There was no pandemic in the year 2017-2018 but Bitcoin's value was high too. Although scams are more frequent during these days since some people are using this opportunity to lure people without knowledge to invest into something they do not fully know which adds more damage to people who just wants to look for a job during this pandemic.

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October 05, 2020, 05:03:58 PM
 #76

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
In 2017 Bitcoin price was hit 20k. So in my opinion Bitcoin price up and down down don't depend upon covid-19. Bitcoin is a volatile currently. It's so much potential and good coin i have ever seen.
Obviously bitcoin is the king of crypto world. It has a bright future and hopefully price will be rising very quickly. For this, we should support bitcoin in this pandemic situation.

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October 05, 2020, 05:25:14 PM
 #77

     Of course it is clearly evident that the corona virus has indeed affected  lot of things if not all in many countries all over the world. And the most obvious is the effects it had on various stocks. But as you can see, some have adjusted maybe and are starting to recover. But in affecting bitcoin itself, the only thing the covid-19 affected may be the number of people panicking about their stocks or are jobless w/c is why they turn into bitcoin. Other than that, I do not see any other things that covid-19 could affect bitcoin in.

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October 05, 2020, 11:06:26 PM
 #78

I can say that COVID bring helps to bring more attention to the blockchain revolution. Most people get to know about Bitcoin usage during this period and somehow serve  a safe heaven.
Bitcoin as a safe haven is subjective.
The positive news of blockchain adoption is also increasing due to the demand and not with the covid19. But for most individuals, it did help when they have a lot of time to do things on their own and finds how to invest in bitcoin.



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October 06, 2020, 02:18:32 PM
 #79

bitcoin is not affecting to corona virus because bitcoin is the currency that not holding money it is a blockchain and not a bank or remittance that need close contact to release money,i think this situations we need bitcoin to to grow community and government finances to promote bitcoin

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October 06, 2020, 02:41:03 PM
 #80

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?

No doubts that covid 19 help people to know bitcoin because almost a lot of people are stay at, work at home with internet and there is no reason that they didn't see about bitcoin because bitcoin is already popular in different social media platform. And because of people lost their job caused by pandemic , many people are searching work online and those who knows about bitcoin for sure they share it to their friends and families on how to earn in cryptocurrency. Like me, because of covid 19 , I introduce it to my friends so that they can also earn in crypto to sustain their daily need and until now they are still n crypto.

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