Pandemic: good for the bitcoin market or bad?

[Janation]

I don't think that it is good or bad for the market.

Pandemic can't actually affect the market directly, the pumps and dumps that we've seen in the past is not the effect of the pandemic but the effect of the pandemic to the people. I think it is the people being affected by that and these people having these choices making the effects on the bitcoin market and other cryptocurrencies.

[Taskford]

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.

I will suggest you to wait for sometime before making a decision to invest in stock market or any government bonds as it is not the right time because the weak economy is held by stimulus packages and it is hard to estimate how long it could hold firmly. If you want to invest in bitcoin wait for a correction and invest and even if there is a recession i am sure it will hold firmly than the rest of the financial assets.

Vaccine's are in trials and many potential to be released by quarter 4 of this year or in 2021 so provably it's best to invest on government stock bonds while the value is cheap since once all will comeback to normal the price of all stocks will rise and by that we will be lucky to buy them up when the price is so cheap. Although it's facing a recession by now still it's good to observe and act according to the current happenings.

[jademaxsuy]

Vaccine's are in trials and many potential to be released by quarter 4 of this year or in 2021 so provably it's best to invest on government stock bonds while the value is cheap since once all will comeback to normal the price of all stocks will rise and by that we will be lucky to buy them up when the price is so cheap. Although it's facing a recession by now still it's good to observe and act according to the current happenings.

No one could tell what could really happen with investment after all will get back to normal or this new norma will going to last for more years and we will always be like this keeping away from each even families just to observe the social distancing, wearing facemasks and other minimum health preventions measures.

However, as OP pointing out about investing on stock bonds then I think it would be better just make some research on what bonds are good for investment.

[lixer]

I cannot tell for sure, but to be sincere at first I used to think that the pandemic is bad for Bitcoin because the price went down during the pandemic, but someone kept saying that that’s wrong, because they believe that the pandemic is a good thing for Bitcoin, and based on their reasons: with the pandemic and having a lockdown, more people will come to realize Bitcoin and it will lead to more increase in the use of Bitcoin.

Although I am not sure about this, I have always believed that the adoption for Bitcoin keeps increasing everyday irrespective of what people think is causing it now. Anyway, everyone will always have a different opinion.

[7788bitcoin]

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Vaccine's are in trials and many potential to be released by quarter 4 of this year or in 2021 so provably it's best to invest on government stock bonds while the value is cheap since once all will comeback to normal the price of all stocks will rise and by that we will be lucky to buy them up when the price is so cheap. Although it's facing a recession by now still it's good to observe and act according to the current happenings.

This is the WHO present data regarding the vaccine development. We have not heard about positive results and we have no idea when the vaccine will get approved for general use and when it can be produced on a global scale. It will take a very long time to get the clinical trials successful and then after extensive test you could get the approval and it will take years.

[tippytoes]

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Vaccine's are in trials and many potential to be released by quarter 4 of this year or in 2021 so provably it's best to invest on government stock bonds while the value is cheap since once all will comeback to normal the price of all stocks will rise and by that we will be lucky to buy them up when the price is so cheap. Although it's facing a recession by now still it's good to observe and act according to the current happenings.

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This is the WHO present data regarding the vaccine development. We have not heard about positive results and we have no idea when the vaccine will get approved for general use and when it can be produced on a global scale. It will take a very long time to get the clinical trials successful and then after extensive test you could get the approval and it will take years.

But even with this "slow" development in vaccine, I believe we will be seeing commercial covid vaccine by next year. Right now, if you want to invest, you need to assess of course your current financial situation. Can you afford to invest in a volatile market? How far can you go in investing in crypto?

But even with pandemic, bitcoin didn't plunge much and now we are more than $11k. So I guess, the pandemic is more on the positive impact in crypto. More adoption I believe. As there are newcomers in crypto owed to the fact that people are looking for alternative payments or options for their investment funds.

[Oceat]

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.

I will suggest you to wait for sometime before making a decision to invest in stock market or any government bonds as it is not the right time because the weak economy is held by stimulus packages and it is hard to estimate how long it could hold firmly. If you want to invest in bitcoin wait for a correction and invest and even if there is a recession i am sure it will hold firmly than the rest of the financial assets.

I don't know if newbies could cope up already with what we are trying to say but with just a little research on the internet is enough. Learn always the basics before entering any kinds of market although it may take a long time to learn almost everything here but it's worth the wait.

And about with the pandemic, I haven't seen any connections that would change the entire market although I'm a little surprise when Trump news about having a Covid really changed the behavior both stock and crypto. So, I think it has a little connection to the market but the price just went up after a couple of days or more.

[Apes]

In my opinion, the pandemic effect to bitcoin is quite positive, when the fiat currency fell hit by the pandemic, BTC has actually increased since the beginning of January 2020. This means that since the global pandemic the cryptocurrency market is getting more active. the reason, when more people stay at home and looking for their economic solutions they use digital money or cryptocurrency for transactions or investments without worrying about the global expanding pandemic.

[Kong Hey Pakboy]

In my opinion, the pandemic effect to bitcoin is quite positive, when the fiat currency fell hit by the pandemic, BTC has actually increased since the beginning of January 2020. This means that since the global pandemic the cryptocurrency market is getting more active. the reason, when more people stay at home and looking for their economic solutions they use digital money or cryptocurrency for transactions or investments without worrying about the global expanding pandemic.

Indeed. Bitcoin and other cryptocurrencies show stability and growth since the pandemic has occurred worldwide, especially after bitcoin halving. Only the stock market and banking system suffered due to the recession that only bitcoin has saved our assets from falling. The only problem that we face during the epidemic is paying high transaction fees that many investors and newcomers have trouble paying these high fees.

[bryant.coleman]

If you take a close look at the cryptocurrency market, you can see that the pandemic had a negative impact on the performance of Bitcoin and other cryptos. We were expecting a big spike after the block reward halving in May. To this date, this spike has not realized and I believe that the economic downturn caused by the pandemic is one of the reasons for that.

[Salauddin1994]

The epidemic is much better for the bitcoin market everything was affected by the epidemic bitcoin was not affected the stock market suffered a lot due to the epidemic but with bitcoin investment the markets are re-emerging this is doubling the demand for cryptocurrencies. Many countries around the world are also supporting crypto to revive their economies the pace of the stock market and the economy has picked up a lot.

[raidarksword]

I would say that pandemic brought bad to our world economy that affected lots of businesses and may got jobless because of it. In terms to bitcoin or any crypto currency, i would say it's neutral because during that early weeks of pandemic bitcoin crashed so hard that people also got panic about it and market went really bad. Gladly, bitcoin still recovers slowly even pandemic is still on us and that's what make bitcoin a real survivor.

[Genemind]

The economic situation has an indirect effect on the crypto market. We have seen the market somehow crash when the pandemic started but it recovered in the middle phase of it. I would say it is somehow favorable for crypto since most people had to get their cash out of stock market, and some must have jumped into crypto.

[imstillthebest]

ah so your involved on this business before but you got lost a little because of pandemic ? but how you got lost ? did you stop .

stoping is not necesary to do but you can still continue on what your doing because people here did the same thing . no pandemic can affect us so as you because we are stronger than it  .

 the pandemic was going for a long time and what did you do by that time , you did not observed the market ? but the market did already responded and adapted the change  . theres no problem anymore and your now welcome here again if your still planning to comeback

[Rodeo02]

I would say that pandemic brought bad to our world economy that affected lots of businesses and may got jobless because of it. In terms to bitcoin or any crypto currency, i would say it's neutral because during that early weeks of pandemic bitcoin crashed so hard that people also got panic about it and market went really bad. Gladly, bitcoin still recovers slowly even pandemic is still on us and that's what make bitcoin a real survivor.

But if you think carefully crypto market should not be affected because of that .they are just panicking that it will also crash the same thing as stocks .but if you look at the bright side this is the only good option to invest during that time when many people need to stay at their home and its hard to find other income opportunities even their job is affected but crypto market is not. which means they can make money in crypto even in pandemic time.

[Pamadar]

The economic situation has an indirect effect on the crypto market. We have seen the market somehow crash when the pandemic started but it recovered in the middle phase of it. I would say it is somehow favorable for crypto since most people had to get their cash out of stock market, and some must have jumped into crypto.

In the sense that investors who are tired seeing their stocks falling, finding new venues brings favorable for bitcoin and some other crypto coins. The pandemic scares lots of people and trying to survive finding other avenue to start a journey brings them up to crypto market, with new sets of investors and new flowing money the value of cryptocurrency survives.

We can say from that point,  it's an indirect favorable situation that brings more interest to this industries.
The more interest the more it will grow and attract new investors to bring more value to this investment currency.

[BuNga_cute]

If you look at the stable performance of Bitcoin in 2020, I don't think the pandemic will affect the Bitcoin price.
After the stock market crashed during the COVID19 pandemic outbreak, many traditional market investors began
to switch to investing in Bitcoin. And also with the economic crisis around the world, making some rich people
choose Bitcoin as a safe haven. so the pandemic is actually good for the Bitcoin market.

[proTECH77]

The pandemic is good for the bitcoin market because during the lockdown many stock market crashed that gives many investors to try bitcoin for investment that really surprised them with good profit. Covid-19 affected so many economy in the world but bitcoin was still steady and stable in the market.
Many new users are still joining the Bitcoin investment which they have see with their eyes the way other investors who are using bitcoin to invest, and  the way they are smiling in profit making despite the pandemic that is affecting other stock market in the country.

[pankowri]

In terms of price during this pandemic is concerned it has increased. So for investors, it is good when the price rises. Also, those who made some profits during this time are a good thing as many would be suffering from the money during these bad times so the last bitcoin helped them to make some profits from it.

Hmm, you're correct. Bitcoin has provoked the lantern of hope to people in this pandemic dilemma. People forfeited their jobs and had difficulties shutting down their businesses. Overhead all, Bitcoin did not disappoint. Its market conditions are at their elevation and are expected to persist so. Bitcoin's position is not fluctuating much so its ailment is good. Contrarily, everyone would go after a lot of misery  .

[Eureka_07]

<snip>so the pandemic is actually good for the Bitcoin market.

In fact, the Covid 19 pandemic oubreak and the Bitcoin's value and market does not correlate.
The pandemic never help nor negatively affect bitcoin, if there was, maybe affected with such low percentage, maybe less than 1%?

As what you just said, it's the stock market that undoubtedly crashed because of this pandemic.
Most of them (if not all) are dependent to the capability of people to buy or request for their products or services.
Covid 19 greatly affect that in a negative way.