Pandemic: good for the bitcoin market or bad?

[FlightyPouch]

In times of a pandemic like this, cryptocurrency is one way to make money I guess. for example trading. But you may follow events or programs like those provided by the exchanger, for example staking or following projects such as Airdrop, mining can also be an alternative. because the current Bitcoin price is quite high, you can see some potential altcoin for example if you want to trade

This really shows that bitcoin opens an opportunity for those in need for those who uses this service. A lot of way to earn in bitcoin during this difficult times. Indeed in trading can also gives an opportunity to the users to earn btc.  So I can say this pandemic can be good in the bitcoin market as we already observe the growth happening, the massive adoptions that make the price increase.

Well, we are just limited to hold, invest, and trading it since most of us can't actually use bitcoin to pay for something or someone. Not all of us can trade since but they can hold, they sell when there is an opportunity some hold it for the future. This pandemic welcomed a lot of new investors in this market but will they stay here until this pandemic end? This might be shortlived since we can't actually say that this is the massive adoption that we are waiting for.

[JuSayCo]

Its been several months since this pandemic hits the whole wide world and yet, Bitcoin remained unshaken and unaffected as I observed. The stocks market maybe affected but I can say that more and more people are using bitcoin and adopting its great features. It became more popular in this pandemic, and never fails to give more profits and earning to all investors that trusted it.

[Gyfts]

Notice how the economic recovery across the world has correlated with an increase in Bitcoin price? The pandemic was shit for Bitcoin. The more adoption, the higher the price. Uncertainty and instability can increase the price (presumably), but the pandemic caused the global stock market to crash with mass unemployment in the largest economy in the world -- the U.S, which in turn caused Bitcoin's price to stifle.

So no, the pandemic was shit for everything.

[bitzizzix]

In times of a pandemic like this, cryptocurrency is one way to make money I guess. for example trading. But you may follow events or programs like those provided by the exchanger, for example staking or following projects such as Airdrop, mining can also be an alternative. because the current Bitcoin price is quite high, you can see some potential altcoin for example if you want to trade

This really shows that bitcoin opens an opportunity for those in need for those who uses this service. A lot of way to earn in bitcoin during this difficult times. Indeed in trading can also gives an opportunity to the users to earn btc.  So I can say this pandemic can be good in the bitcoin market as we already observe the growth happening, the massive adoptions that make the price increase.

I thought so, and I felt the same way to use or utilize bitcoin as a source of income during the pandemic and it seems that many of them feel the same way.
Cryptocurrency or bitcoin is their opportunity to make money in their own way such as trading, participating and so on which makes bitcoin users grow rapidly and become their alternative livelihood and make bitcoin prices rise slowly.

[Tahsin Kabir Kollol]

The effects of the coronavirus epidemic on Bitcoin and other cryptocurrencies are widespread. At the beginning of the coronavirus epidemic, cryptocurrencies had the same negative effects as other sectors of the economy. The value of other cryptocurrencies, including Bitcoin, has plummeted but over time it has to be able to return to the previous state has had a positive effect on cryptocurrency among the general public. This is reflected in the recent rise in prices of other cryptocurrencies, including Bitcoin. So while the coronavirus epidemic may have some initially negative effects on Bitcoin, it has had a long-term positive effect on Bitcoin.

[finaleshot2016]

We can't really determine the situation and if bitcoin was really affected by the pandemic. Afaik, there are factors that make cryptocurrency an important asset especially right now. Also, it didn't affect the value even it got a huge price drop in the beginning, it rose from 5k$ to 12k$ which we can tell that bitcoin is invulnerable in any pandemic situations.

People started to adopt digital transactions and invested their money as they think that time, will increase due to bitcoin halving. The value maintained in the market and it seems that crypto was going with the flow at that time.

[Oilacris]

We can't really determine the situation and if bitcoin was really affected by the pandemic. Afaik, there are factors that make cryptocurrency an important asset especially right now. Also, it didn't affect the value even it got a huge price drop in the beginning, it rose from 5k$ to 12k$ which we can tell that bitcoin is invulnerable in any pandemic situations.

People started to adopt digital transactions and invested their money as they think that time, will increase due to bitcoin halving. The value maintained in the market and it seems that crypto was going with the flow at that time.

It was never been affected yet the price hadnt crashed that too much into an extent where people do panic out due to that event.To  remember that it was just an ordinary day on crypto
with those kind of moving prices since the pandemic start up to now.

Its true that Bitcoin is not that really be easily to be affected on things that do happen externally or out of its scope yet this wont determine neither it is a major thing or not
but somehow we cant tell if it did really make out some significant impact or not.

Bitcoin market can increase nor decrease its price without even knowing the true reason behind it and whats important is that we are seeing good numbers
at the moment.

[xSkylarx]

I can't say it's good or bad for bitcoin market. I don't see any big movements yet compared to past years. And the adoption from the previous days like PayPal is not even related to this pandemic.
IMO it doesn't really affect the bitcoin market, the whales and the hype is always the factor how it will move.

[plast555]

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.

First of All, welcome to this  Forum and Bitcoin world. 2nd I am glad that you finally accepted your ignorance and now ready to learn this new and amazing technology of Bitcoin, Blockchain and Cryptocurrency. I am sure you'll be proud of yourself in future. now coming to your question, then I would say yes it is still good time to invest in Bitcoin and Cryptocurrency (can't say about stock market) but you need to be smart and first educate yourself properly and gain as much knowledge as you can. then make your plan of investment.
I wish you best of luck and stay safe.

[Salauddin1994]

No work can be done without a plan bitcoin investment is a very good decision to be new because the price of bitcoin will increase in the future and the market will improve a lot even if you don't have much idea about bitcoin the risk will be less if you invest and hold on. If the price goes up you will be able to make a profit through blockchain technology the crypto world is becoming easier and transactions are becoming much faster gain knowledge of market relations and get something good.

[bits4books]

The effect is the same as on the regular market.
As long as cryptocurrencies are tightly tied to Fiat currencies, there will be no difference between the crypto market and the classic one - General trends will finish off our coins.
Yes, in a different form (sometimes with delay) , but still-the impact of world events will always and always intersect with the classic market.
Why? Because the entry point to cryptocurrencies is always the same dollar (or other fiat). And if you have a crisis in the area where dollars are spinning then why won't it touch the area where the dollar is the entry and exit point?

[Ludmilla_rose1995]

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.

In my opinion, during this pandemic, bitcoin and gold investment is very good because gold and bitcoin have the same side, namely these commodities are not susceptible to a global crisis such as the Covid-19 outbreak. This is because what affects the price is only supply and demand. During the pandemic, many people are turning to gold and bitcoin. This made the demand increase. So that the prices of both of them also increase. it's still not too late if you want to invest in bitcoin now, even though the price is already high. policies in developed countries that loosen cryptocurrency rules as a stimulus measure to face the global crisis. For example, the United States, which has allowed banks to manage cryptocurrency. Europe is also ready to issue policies that are friendly to crypto assets. This policy will boost the purchasing power of cryptocurrency and lead to an increase in prices. This is why the price of bitcoin will also increase after the pandemic. So, it's not too late to buy bitcoin these days.

[Reatim]

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.

First thing is establish first what do you mean by "want to invest in Bitcoin" because there are options in doing this.

Buying - because you wanted to Put your money for a certain time of time.

Buying - because you wanted to try Day trading(in which very risky)

Buying - Because you are just want to try each option and look if which is comfortable in your skill.

[Karartma1]

Even latecomers could have enjoyed starting a DCA strategy in March 2020 when everything came down due to the upcoming covid-19 crisis. Given the huge quantitative easing put in place investing in Bitcoin was a no-brainer. I did it and I am happy to have done it. Whit all the big boys that want to eat from the bitcoin cake even owning a small amount is a revolutionary act to protect your wealth.

[sunshinelegit]

I think that it's ok to invest during pandemic and crysis. First of all, you can buy something cheaper, than it was before and sell expensive after. Also it could help to maintain market and companies, and won't let the market fell down more. In my opinion best invest during this hard time is cryptocurrency. It's available to buy everywhere even you are at home on the lockdown. Moreover crypto provide different ways to invest such as hodl, structured deposits, mining, staking, trading and more

[proTECH77]

Many countries experienced covid-19 over 7 months now that is causing economy collapse and,hardship in the country. Despite the the pandemic bitcoin still improve in the areas of pumping that is still making some investors wondering about BTC.
Market is well okay, many investors are very busy to supply their coins to market and make a good profit. Bitcoin is better than other cryptocurrencies right now because it rising and other cryptocurrencies is going down show bitcoin is a good condition.many people where thinking bitcoin will follow other cryptocurrencies to reduce but surprised to see BTC rising in in the exchange market.I think bitcoin is better than the way it was over two now.

[TopT3ns]

Many countries experienced covid-19 over 7 months now that is causing economy collapse and,hardship in the country. Despite the the pandemic bitcoin still improve in the areas of pumping that is still making some investors wondering about BTC.
Market is well okay, many investors are very busy to supply their coins to market and make a good profit. Bitcoin is better than other cryptocurrencies right now because it rising and other cryptocurrencies is going down show bitcoin is a good condition.many people where thinking bitcoin will follow other cryptocurrencies to reduce but surprised to see BTC rising in in the exchange market.I think bitcoin is better than the way it was over two now.

I think that's because currently many people are starting to develop digital currency and starting to reduce the use of paper money because so far as I know the virus is also stuck on paper and can make the virus more widespread, when using digital currency transactions become safer, especially Again Paypal has accepted transactions for bitcoin so more and more will use bitcoin and it is safer to use for transactions.

[FlightyPouch]

Many countries experienced covid-19 over 7 months now that is causing economy collapse and,hardship in the country. Despite the the pandemic bitcoin still improve in the areas of pumping that is still making some investors wondering about BTC.
Market is well okay, many investors are very busy to supply their coins to market and make a good profit. Bitcoin is better than other cryptocurrencies right now because it rising and other cryptocurrencies is going down show bitcoin is a good condition.many people where thinking bitcoin will follow other cryptocurrencies to reduce but surprised to see BTC rising in in the exchange market.I think bitcoin is better than the way it was over two now.

I think that's because currently many people are starting to develop digital currency and starting to reduce the use of paper money because so far as I know the virus is also stuck on paper and can make the virus more widespread, when using digital currency transactions become safer, especially Again Paypal has accepted transactions for bitcoin so more and more will use bitcoin and it is safer to use for transactions.

But then again, there are a lot of online wallets that could do the same that don't actually accept crypto currencies. In our country we have Paymaya, we also have Gcash which is an online wallet where people could use to pay online or send money online. It is not always best for crypto but it is a great time for them to start its adoption.

[Spacewalker]

I think that's because currently many people are starting to develop digital currency and starting to reduce the use of paper money because so far as I know the virus is also stuck on paper and can make the virus more widespread, when using digital currency transactions become safer, especially Again Paypal has accepted transactions for bitcoin so more and more will use bitcoin and it is safer to use for transactions.

This is not such a significant factor because fiat currencies are also increasingly used in digital non-cash form and the epidemic only accelerates this process several times. Therefore, the main beneficiary of the pandemic is cashless payments in fiat currency. If PayPal uses fiat transactions for bitcoin, then it looks a little strange. Although of course support from a company like Paypal is positive news.

[Shakil29]

Nothing in the world is going well because of pandemics. Everything seems to have stopped. I think for this Pandemic, bitcoin is also having an adverse effect. I don't think it's right to invest now. Let a few days then a good decision can be made. Now your wish. You can invest if you want