Pandemic: good for the bitcoin market or bad?

[Awraawra]

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.

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

[Leviathan.007]

There are two theories regarding to what you said. Some people think the pandemic has positive effect because the other markets are vulnerable and will fall down that's why the fomo is the other markets will make people to join the other markets like bitcoin, in the other hand due to the quarantine in all over the world many people are forced stay at home so this will have to find another dynamic market and in this situation bitcoin will help us. Due to the huge newcomers joining the market, according to this theory the market will rise. But in the other hand there is another theory saying all everything is linked together in the world, including the financial word, so the markets are related together and falling down other markets such as spx 500 will bring the bitcoin market down too, because of fomo and negative atmosphere. generally in my ownd idea, the first theory is makesense much more than the other one.

[coolcoinz]

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

What are they going to invest if they lost their jobs? People who have less money are less eager to invest because investment is a risk. When you have a lot of money or at least a steady source of income you can take a loss, you are not afraid to gamble a bit.
Since the current sutuation is bad for the stock market and stocks influence BTC, I say it's also bad for us. I'd like to see some good counterarguments.

[Oasisman]

~snip~

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

This idea is contradictory to it's self. How would you expect someone to put their money in a highly volatile market and a more risky market when they just lost their job?
At the same time, this idea is selfish. The pandemic didn't bring any good to us. All of the market has been struggling. Bitcoin wasn't just directly affected by the pandemic. Without the pandemic, the price might have been close to $20,000 by now.
I don't think people would prioritize risky investments today, instead they are looking to find an online job which surely gives them income at the end of the day.

[lienfaye]

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.

I suggest study first the crypto or stock market, gather information that can help you to decide which is way better to invest your hard earned money. But since im not investing in stock, I will only speak for crypto.

You might heard that investing in crypto is profitable but its not that easy as a newbie. Your stepping stone to succeed here is having a knowledge to be able to know what to do in different situation.

Because of this pandemic some people turn to crypto hoping to earn as an alternative after losing their job. Its an opportunity, but it needs deep understanding due to scam that also exist in crypto world.

[SquallLeonhart]

It is not doing great but it is not doing bad neither, we have seen another increase recently that saw it over $11.5k finally which was something we have been waiting on for a long time, but that changed a lot after a while when the price went under $11.3k once again, yet it is still over that $10.6k or so levels that we were in, which is why I believe we are doing good, not great but not bad which is why good is enough to explain it.

Basically we are talking about bitcoin here, it could change at any time, maybe tomorrow it will be $13k and that would mean it would be great but it could also be $10k which would be bad as well, just because it is doing good right now doesn't mean that it won't be great or bad soon neither, that will all be depending on the price in the near future.

[J.Amador]

For me it was so good to invest in bitcoin because is cryptocurrency people now days is using crypto to invest or to paying bills. And bitcoin it has a good background if you know how to understand the rules and how to use this correctly surely you can gain a big amount of money.

[Assface16678]

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.

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

Where will people get money to invest? Given the circumstances of this pandemic, many people are having financial problems. So I doubt that is something that will oush them to invest in Bitcoin, having no assurance of when will the price increase occur, and given how volatile the market is. People are more into things that would help them in their daily living.

The pandemic is bad for the economies of different countries but not that bad in this market. The market price of cryptos are not dramatically falling and not that much moving in the positive direction, so it is quite neutral in that aspect. But there's also this side of me that is disapointed because there is again high hopes early this year for this market. But since expectations are just expectations, i just keep this thought aside since no one knows if the market will be able to reach or even surpass its ATH if this pandemic doesnot occur. How can I say? Last year is a proof. No pandemic but also, there's no that much of an increase.

[wiss19]

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.

At what rate did you invest your money in Bitcoin? I can remember that the price of Bitcoin reached max $13,000 before it dropped  due to the pandemic. And right now the price is on its way up and currently sits $11,000. If you invested anywhere below that, you might have covered up for your losses by now, though that’s if you’re actually holding your funds till now.

As for the pandemic, it doesn’t favor everything, so many markets were brought down by the pandemic and Bitcoin and the cryptocurrency market in general were one of the markets that were on the red during the pandemic. I lost a bit during the start of the pandemic, but I didn’t sell, I had to wait till the price dropped and I invested again another money. I thought the price would drop to $2000 or below that, but when it started going back up after dropping to $3k plus, I had to invest.

[matchi2011]

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.

I think pandemic is good now in market because many people have no work now and they are want to invest in bitcoin for a short and even a long term. In our situation right now is very hard to find work so we need to find another ways to get income those who have knowledge in bitcoin are investing again to earn while the pandemic is going on.

From that specific point, there are people who are aiming to find alternative ways to earned as day job is not available and most of the people loses their job, many businesses has been closed due to this pandemic.

The after effects might favor bitcoin for there are new people who are also willing to take the risk and try this platform, people who realized that there's opportunities to this market and wanted to explore.

[bitbunnny]

This is not easy to estimate. I think that pandemic attracted some new users to Bitcoin and that is good. At the beginning there was more uncertainty and fear among investors at the market than usual but in general I don't think that pandemic influenced the Bitcoin price much and that it would have been very different without it.

[AnonBitCoiner]

This is not easy to estimate. I think that pandemic attracted some new users to Bitcoin and that is good. At the beginning there was more uncertainty and fear among investors at the market than usual but in general I don't think that pandemic influenced the Bitcoin price much and that it would have been very different without it.

At first it was bad one,because the crash of economy had no option to inverse on bitcoin or any other cryptocurrency.So it reduced the investment of money.Later on the investment was gradually increased to huge.The cause of increase in the investment due to increase in economical activity.

[MCobian]

It started badly when there was a pandemic outbreak in March 2020, when the price of Bitcoin fell to a price of $ 6,000.
But I took the courage to buy Bitcoin when the Bitcoin price was $ 6700. And it proved my decision was right, because
the price of Bitcoin is now at $ 11,700. So the pandemic is making the Bitcoin market better in my opinion, maybe because
many people decide to invest in Bitcoin to earn income, after many people lost their jobs. My advice is to invest in Bitcoin
immediately before the price gets more expensive, because based on my prediction the Bitcoin price will continue to rise
until 2021.

[darewaller]

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.

Everyone lost money like you when it all started so be patient. If you keep looking at those that will tell you that a bull run will happen tomorrow or next then you will be deceiving yourself because none of those people saying that can actually predict what it’s going to be.

Unless you’re a day trader you can actually be following some day and weekly analysis that depends on support and resistance to predict the next move, but there is no hundred percent assurance that it will go that way, so it’s all two ways. And if you’re going to be a HODL’er, then go ahead and have patience, you never know when it may be, but the more the demand is increasing as I am seeing it there will be more possibility of a bullish market being triggered.

[bitcoin31]

Pandemic can cause for the economy of most countries because there is no job or the business is not operating or closed.
About bitcoin we don't know if the result is good because we already know even there's no Pandemic the price of the bitcoin is  increasing and decreasing. You must better to do a research of what coins or stocks you will buy because I believe we have outbreak they have still good investment .

[GeorgeJohn]

If you actually want to invest your bitcoin as a newbie you can step forward and invest your coin but a situations were by you need suggestion,encouragement or permission from someone in community before adventuring into Btc investment, is not really ideals because you might lose your coins after your investment and the blame will channel to those people who render ideas for you, so you determine  what's to do via your mind will directs you on something profitable, because no one can replaced you coin if you mistakenly lose it via investment, As a newbie observe forum very well before trying to make profit over everything.

[davinchi]

Whenever some human misery happens, there is a good thing that can come out of it, for a long term future profit of humanity. Obviously it is not a good thing, we all had to live during this pandemic as a horrible period of our lives, I think the only thing that could ever come even close would be the black plague with the difference that we live in a much modern world, but if this same pandemic happened 500 years ago it would have killed almost everyone as well.

However bitcoin price actually had a 2x opportunity during this period, or even stocks, gold, hell even oil gave a huge profit chance if you were interested in that, these are the small silver linings that you have to see in these horrible periods if you want to get out of it better than other people.

[AmoreJaz]

Whenever some human misery happens, there is a good thing that can come out of it, for a long term future profit of humanity. Obviously it is not a good thing, we all had to live during this pandemic as a horrible period of our lives, I think the only thing that could ever come even close would be the black plague with the difference that we live in a much modern world, but if this same pandemic happened 500 years ago it would have killed almost everyone as well.

However bitcoin price actually had a 2x opportunity during this period, or even stocks, gold, hell even oil gave a huge profit chance if you were interested in that, these are the small silver linings that you have to see in these horrible periods if you want to get out of it better than other people.

we've seen the btc performance during this pandemic period. charts are not lying. so far, crypto market is doing good. with people stuck in their homes for long period of time, wherein not only one country but we're talking about global scenario here. we cant deny the fact that this crisis affects everyone. and this time period, gave the chance for people to sit back and see whats happening around the globe. and one thing that they looked for is one good alternative payment method aside from fiat, and am more than positive, that crypto will come up as one alternative.
i bet a lot of merchants also looked into this alternative. so are we going to see more shops accepting crypto? maybe.
during the last halving period, i believe a lot of noncrypto users also take a look at that event and got curious. [just on a side note - during that month, i got a call from a friend asking how to invest in btc, considering that he's not interested in btc before] so yeah, i guess this pandemic has good side effects in crypto market.

[wxa7115]

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.

This is difficult to say, in theory we could say a pandemic could be good for bitcoin, after all many people are weary to use cash for their transactions and now they prefer to use digital means to do so and some may be tempted to accept bitcoin, and when we add that governments needed to print trillions of dollars this means that over the long term this is going to devalue their currencies to the point some will realize what they are doing and some will switch to bitcoin.

However at the same time this has slowed down the economy considerably which means people do not have as much money to spend and they will most probably cut on the money they spend on investing in bitcoin if they are already doing it or thinking about doing it, so as you can see there is not a clear picture of the pandemic being positive or negative for bitcoin.

[petyang12]

It can be good for bitcoin market because people are now desperate not to get infected with the virus so bitcoin will be useful for online transactions rather than face to face transactions which could make you infected with the virus.