Covid-19 and Bitcoin

[zeingrind777]

I think this is a positive step in terms of forward thinking. In this time of pandemic, we will all be tested with harsh facts. When we can only stay at home because of lockdowns in various countries, at that time we have to prepare something to survive. Maybe one of them is by trading crypto, joining bounties, or if you have more money you can mine coins. It will increase your income. We all have to believe we can get through this period.

Indeed, we should revolutionize the work ethic. I mean is, we don't have to work outside the home to earn an income. We should be able to earn money even if we don't work in the office. Blockchain and bitcoin are a revolution in earning income. A person can be a bounty hunter, freelance writer, or crypto traders.

[gurjasmeetsingh]

No doubt covid-19 has effected all types of  business. Lot of people had loose their service in this period. At this time mostly people in their home,no one can improve their income but stay in home effected their savings. So wait & watch for good time in the future.

[Serious475]

Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed.

Yeah, this pandemic affects our daily lives and it really makes people stay at home to avoid the risk of spreading it and by that most of the citizen became jobless and the only way for them fo earn money is from online. Some people focused themselves in cryptocureency just like what I do and it helps me in my needs especially my finances, the stock has really go down because of being lack of customer and they should close it as what the governement has implemented.

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?

I dont think that Corona virus affects the price of the bitcoin because there are a lot of changes when it comes to value of bitcoin during the pandemic.

[yohananaomi]

because of covid-19 many people are now using online platforms for transaction and I think it will be like this for forever because the fear of corona will stay with us for life.

the fear of transmission, whatever the name of disease, is clearly frightening and terrible, especially with Covid-19, whose transmission speed is clearly very fast. it is correct to say that there will be a difference people will make due to this pandemic, now people are starting to make transactions online and avoid using paper money. This is clearly a progress that will determine the continuation of the future that the need for an online platform is very much needed.

[shamimal93]

Bitcoin prices have nothing to do with this epidemic.  The price of Bitcoin has been rising since early 2020.  This epidemic was not so important then. You may think that in this epidemic, the price of people buying bitcoin online has increased.  If you have such an idea then you are completely wrong.  Because Bitcoin has not gained so much recognition yet.  People still rely heavily on credit cards for online shopping.

[Sinjokubhi]

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

I think there are even advantages with the current pandemic that we are experiencing, because some people are more likely to stay at home than leave, of course it will be easier to offer bitcoin to those who want to know about it.

This can be seen from the volume that occurred in the movement of the bitcoin market during the pandemic, more and more are using bitcoin. Of course this is one of the positive values ​​in itself when the Covid pandemic occurred.

[worldofcoins]

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?

Now the normal life is came, people freely roam around the surrounding.They start to go for the job and businessman get into their business.So the economy activity are came into force.Because the government can't bear anymore.Most of the government spend all his holding and start to free the people movement and economy activity.

I don't believe there's any connection between Corona infection and bitcoin's costs. At the point when Covid-19 happens heaps of individuals become jobless and I am one of them.
I feel that its the main reason behind why bitcoin cost is as yet steady. Peoples quit putting resources into bitcoin because they need to help their family with monetary.
Being jobless means no cash and I accept a load of clients sold their coin. Perhaps the cost may increase now since the Coronavirus vanishes

[BAGOBO]

During a pandemic, many countries have implemented lockdowns and work from home, automatically the use of the internet network will increase than usual and of course, there will be a lot of free time. and I think that is one of the factors driving the crypto price up, where a lot of people are at home and trading from home.

The second reason is that many people have lost their jobs due to the pandemic and indirectly many people have swerved to make money online, and I think Bitcoin/altcoin is one of the sources of income.

[Jonyshake71]

Starting of Covid-19, bitcoin dropped its value a little but bitcoin sharply handle it even bitcoin is already on bullish Trend since the year start. I guess havling made bitcoin to raise. Its true that people started trading at home, invested on new project but many people also sold bitcoin for economic problem occurred by lockdown. Maybe bitcoin could raise more if it out of Covid-19 effect

[gantez]

Maybe bitcoin could raise more if it out of Covid-19 effect

I believe this too that covid-19 effect has little obstuction to bitcoin increase. Many investors got fud of the adverse effect of bitcoin since the problem came globally. Bitcoin is going to rise again at this festival of December is fast approaching and the cases are reducing globally.

[gabbie2010]

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

The means of transaction virtually with Bitcoin was solely the major factor that had affected the price of bitcoin it rather impacted the price to rise after an initial decline or dumping,  Lockdowns measures had also contributed to having many new users and adopters staying at home thus enabling more people to learn how to transact with bitcoin having realized that Bitcoin is being accepted as means of payment in many businesses, as it is now with second wave upsurge in some countries the price still remains bullish an indication that Covid-19 wouldn't have any impact to decline the price.

[peter0425]

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

The means of transaction virtually with Bitcoin was solely the major factor that had affected the price of bitcoin it rather impacted the price to rise after an initial decline or dumping,  Lockdowns measures had also contributed to having many new users and adopters staying at home thus enabling more people to learn how to transact with bitcoin having realized that Bitcoin is being accepted as means of payment in many businesses, as it is now with second wave upsurge in some countries the price still remains bullish an indication that Covid-19 wouldn't have any impact to decline the price.

and also the coming US election is what affects the price movements now.

the demand really increase during the lockdowns but the effect subsides now,and what is coming to make the market flow again is this near election of US president.

also the Debates in which expected will impact the value of crypto currency sooner.

[PANK21]

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?

I totally agree with you.Due to pandemic, bitcoin got the attentions of the people who are terrified to go outside and just want to use online transaction to buy their needs. Bitcoin is very easy to use and hassle free, that is why bitcoin is the most used digital crypto  all over the world.Well, on the positive side COVID 19 help other people to appreciate Bitcoin because of our situation right now BITCOIN really helps us to survive this pandemic just by staying home and help not spread the virus. KEEP SAFE EVERYONE.

[xZork]

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?

I totally agree with you.Due to pandemic, bitcoin got the attentions of the people who are terrified to go outside and just want to use online transaction to buy their needs. Bitcoin is very easy to use and hassle free, that is why bitcoin is the most used digital crypto  all over the world.Well, on the positive side COVID 19 help other people to appreciate Bitcoin because of our situation right now BITCOIN really helps us to survive this pandemic just by staying home and help not spread the virus. KEEP SAFE EVERYONE.

There are many payment methods for online transactions, bitcoin is only a small part of them. Even in some countries like China and Vietnam, payments in bitcoin or another cryptocurrency are prohibited. So I do not think that bitcoin is going up due to people participating in many online transactions. Perhaps during the epidemic many companies' stocks plunged so many investors turned to invest in bitcoin and that caused bitcoin to rise in price.

[carlisle1]

Maybe bitcoin could raise more if it out of Covid-19 effect

I believe this too that covid-19 effect has little obstuction to bitcoin increase. Many investors got fud of the adverse effect of bitcoin since the problem came globally. Bitcoin is going to rise again at this festival of December is fast approaching and the cases are reducing globally.

this is in the last 5 months but not now,the virus seems to be a normal news now governments are lowering their protocols about how people will deal.
they even change the rules to New Normal things that brings back the economy again.

Maybe in the next months we will purely taste the changes from 3rd quarter and now the 4th.

I personally didn't notice any changes. Except for my familiar trader's illnesses 

Maybe you are sleeping last march?when the market falls very hard and prices dumps more than hundred percents?

[J1mb0]

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.

Perhaps bitcoin rose in value because of the pandemic so people were at home and exposed to the internet more and they began to learn about bitcoin and blockchian technology. Along with companies doing hard work, stock and investor confidence plummeted, causing them to notice and invest in bitcoin.

[elisabetheva]

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.

Perhaps bitcoin rose in value because of the pandemic so people were at home and exposed to the internet more and they began to learn about bitcoin and blockchian technology. Along with companies doing hard work, stock and investor confidence plummeted, causing them to notice and invest in bitcoin.

an opinion that could be plausible and relevant too, but whether covid-19 directly impacts crypto, I believe there is no direct. even though there are many people at home with very difficult situations, those who are new to crypto will think of investing because other needs are also very much needed.

crypto is still running with or without the Covid-19 pandemic, because the system built has helped people to be able to make every transaction easily. crypto is very good as a lucrative investment that makes many interested in crypto.

[Xembin]

Covid-19 really cause challenges in the stock market,that make market  not to be stable as usual . During the pandemic many people found their self, doing different things at home just to get daily bread to feed their family. Some where using the opportunity to do online research to know which of the business is on board, you can do at home and get paid. Many use the opportunity to join bitcoin business which is still helping some of them that research well and follow the protocol of the business.
I guess pandemic really initiated some bitcoin users that make some of them to know that bitcoin is a good business for humanity.

[Betwrong]

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?

I totally agree with you.Due to pandemic, bitcoin got the attentions of the people who are terrified to go outside and just want to use online transaction to buy their needs. Bitcoin is very easy to use and hassle free, that is why bitcoin is the most used digital crypto  all over the world.Well, on the positive side COVID 19 help other people to appreciate Bitcoin because of our situation right now BITCOIN really helps us to survive this pandemic just by staying home and help not spread the virus. KEEP SAFE EVERYONE.

There are many payment methods for online transactions, bitcoin is only a small part of them. Even in some countries like China and Vietnam, payments in bitcoin or another cryptocurrency are prohibited. So I do not think that bitcoin is going up due to people participating in many online transactions. Perhaps during the epidemic many companies' stocks plunged so many investors turned to invest in bitcoin and that caused bitcoin to rise in price.

I have had different opinions regarding what causes BTC to rise or fall, but eventually have come to this one: Bitcoin fluctuates independently from what's happening in non-crypto world, and after the rise or fall occurs, people start linking it to this or that event.  We had seen steeper rises with no pandemic around, and there was a drop from $10k down to $5.2k during the current pandemic. In short, I think there's little to no correlation between Bitcoin price and COVID-19.

[Shallow]

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?

Starting with Bitcoin scams, we all know that scammers see everything or situation as an opportunity to scam, so there is every tendency that Bitcoin scams took place but hardly can anyone ascertain the number of (frequent) scams.
On the other hand, I would say yes that many people got into Bitcoin, this is because, people being stuck at home will definitely look for ways to make ends meet, make money and sustain themselves and family, and with Bitcoin activities being something you can look up in the internet, read, study it and so on, they can easily join up, probably learn more about trading and start trading their Bitcoin. I can remember the market dumped when the pandemic was high and then later picked up and have been holding on since them; therefore in my own opinion, it shows people got into Bitcoin then.
A good thing is that, people found opportunities in the crypto space during the height of the Covid-19 while the bad side is that, many scams also took place as well.
So in all ramifications, Bitcoin got many attentions because people got into it.