Pandemic: good for the bitcoin market or bad?

[Dorodha]

This pandemic is very good for the bitcoin market, it is proven that currently, the price is rising so fast I think the current market is in a positive condition and the volume is getting higher. Not only that, the attractiveness of investors is getting bigger at this time of the pandemic, bitcoin is increasingly known and is the center of attention today.

I agree with you that this epidemic is much better for the Bitcoin market. As the attraction of investors increases the demand for Bitcoin is doubling which is why the price of Bitcoin is rising. Many have lost their jobs due to the economic downturn while bitcoin investments have given them new jobs. They are investing with sufficient capital which will help them to brighten their future Bitcoin will be more in demand than Fiat.

[marcous]

Pandemic really bad for bitcoin market, especially token, I've lost more than 500 dollars during this period.

I think the main reason you lost is not because of the bitcoin market, but maybe you entered the wrong coin at the not right time. The end of September is the time when we have to take a break from altcoins and just hold Bitcoin to ATH. because during WFH, trading, mining, or even a bounty hunter is one way to make money to survive I guess ,. yes this is according to me personally because I do not have a job outside

[gantez]

Pandemic really bad for bitcoin market, especially token, I've lost more than 500 dollars during this period.

Sorry for the lose you are having but bitcoin is bull at this time, I believe many are enjoying the hodl. Maybe you have taken a wrong decision and that is why you are having such lose. Maybe you watch for a drop to get out.

[pankowri]

The economy of the world is not so well for this pandemic. People can't work or move well like before. Still facing the problems which aren't fixed yet. So the economy is still the same and recovery will be late. At this time, we are seeing Bitcoin price is increasing and still the price is surprisingly increased. People are investing in it from home. No physical attachment at this time and that's why it is getting popular too. So it can be said that the pandemic is now good for Bitcoin.

[pankowri]

The economy of the world is not so well for this pandemic. People can't work or move well like before. Still facing the problems which aren't fixed yet. So the economy is still the same and recovery will be late. At this time, we are seeing Bitcoin price is increasing and still the price is surprisingly increased. People are investing in it from home. No physical attachment at this time and that's why it is getting popular too. So it can be said that the pandemic is now good for Bitcoin.

You are right that people are now able to connect with Bitcoin at home.  On the one hand, investors are benefiting from this, on the other hand, economic conditions are moving in the right direction.  Being a digital currency, we are now getting this facility very easily.

Exactly, this is the main part of this. I was also inactive for almost one and a half years which is a long period. But now I am active again seems like before because I have free time now at home for this pandemic and I want to make it quality time to spend at home. I am benefited, at the same time, my country is also benefited from me. That is the real economic cycle.

[cheezcarls]

At first I really expect that Bitcoin and other cryptocurrencies would go down in value because of the pandemic. However, it’s the other way around and it’s actually going up. Expect the unexpected and I’m a bit surprised by it. Bitcoin, Ethereum and other cryptocurrencies are now unstoppable because we are transitioning to virtual and digital ways of making a living. This is where companies are starting to massive adopt cryptocurrencies, like Paypal, JP Morgan’s coin, Kraken’s crypto bank in the United States, etc.

[nomenclatur]

when this pandemic occurred, bitcoin continued to increase, the price had fallen and now continues to rise if the economic situation of a country worsens bitcoin is the solution for all investments to make more money in a short time for those who understand this investment will be the best of those who make money with fast for those who are already experienced in cryptocurrency.

[Ratash]

I think it affected the bitcoin in the positive way and we saw that recently now that the price is at 15k and i think its because of the panademic and the isolation of people in their homes so a majority of them turned into buying bitcoin and make their daily payments with it instead of cash to avoid going to the bank.

[manfredmann]

Actually I was thinking of a baf event for bitcoin of this pandemic. But it seems that the result is opposite to what I was expecting that bitcoin had been nearing to bull run. Well, this could be possible and every bitcoin holders will going to rejoice in this good improvement that had happen to bitcoin. Well good to all of us!

[AicecreaME]

Pandemic exhibited both good and bad effect to bitcoin and the whole cryptocurrency community. Bitcoin has been the so called “safe asset” because compared to fiat currency, it is safe to inflation. Bitcoin has been the safe haven of the investors and common people because of its promising value, nature, and opportunities it offers.

Investing in bitcoin became the back up of most people during the covid-19 crisis, hence had its positive effect because the community is getting bigger and well-known. However, the pandemic has also its negative effect to btc particularly to the traders and members’ decision making - whether to buy, sell, hold, and/or invest. The bitcoin’s price has also been slightly affected, but not that noticeable compared to fiat’s downfall during the first and second quarter of this year.

The negative impact of the pandemic to bitcoin didn’t last that long. Now, bitcoin’s price is slowly recovering and is increasing as days goes by. Hopefully, it’s value rise continuously in the future. So, as you can see, pandemic did something good and bad to the cryptocurrency community just as what it did to fiat and other sectors of the industry.

[proTECH77]

Covid-19 really collapsed so many people plans this year 2020 which many have never recover from the things they lost during the pandemic.  Many where thinking bitcoin will reach $20k  according to their plan before they can sell their coins in the market. But right now bitcoin is still rising in the area of market which many people never satisfied with the rising until it reach $20k to make their plan come through before the year 2020 end.
I think as for me, this pandemic is not good for bitcoin because I was expecting bitcoin to increase to $20k since is the best among cryptocurrency.

[ampu]

I find the pandemic better for Bitcoin as it has essentially withdrawn money out of the traditional financial markets and into Bitcoin and crypto. We can see Bitcoin and altcoins have been steadily rising in price since the black swan event in March of this year. Cash is used less in circulation, replacing crypto and e-wallet applications. The world's wealth is shifting as people and companies are paying more attention to Bitcoin.

[Traderbtcc]

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.

Learning never stops man, your free to ask whatever you don't understand members of this forum are always willing to help out, and they will always provide you with the best answers.

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.

No body can say for sure if it's good, cus no one can actually tell what the  future holds, except you have a voodoo , even that isn't accurate, this current pandemic has affected the financial market greatly, just imagine the flash crash that happened in March when even crude oil fell to even some cents per barrel,so you see no one can tell what will happen next, although I think bitcoin might just be on the road to hit its ATH, it reached $16,000 today, my advice is do your technical  analysis and know when to buy, do some researchs before buying also.

[vlast01]

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.

As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low.

[1l1l11ll1l]

As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low.

Due to the pandemic, many people have come to crypto and there are also some people who are looking for extra income on crypto because it's difficult to find work during a pandemic. Right now the pandemic is bad, but for some obvious reasons, bitcoin is gaining significant momentum due to the trend towards digital currency.

[New_order]

I believe that the pandemic played a huge part in crypto life and it's one reason why bitcoin is now more stronger, also it's probably because crypto withstand the pandemic threat this year is why PayPal decide to implement Crypto payment service

[ardentvolcanoes]

As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low.

Due to the pandemic, many people have come to crypto and there are also some people who are looking for extra income on crypto because it's difficult to find work during a pandemic. Right now the pandemic is bad, but for some obvious reasons, bitcoin is gaining significant momentum due to the trend towards digital currency.

It's affecting people  mindset, those who are against this system are now  seeing the value of having cashless transactions with very high potentials

of earnings, having a good and manageable time to study those people are now embracing this new technology, it's bring a good impact in terms of

having new investors and supporters even there's still threat from this virus.

[FlightyPouch]

I believe that the pandemic played a huge part in crypto life and it's one reason why bitcoin is now more stronger, also it's probably because crypto withstand the pandemic threat this year is why PayPal decide to implement Crypto payment service

I think it is the people that kept supporting bitcoin, that made it stronger. It is true that there are platforms that boosted the demand but the price kept on increasing even at the start of this hellish year. It increased to $10K went back down and grew more stronger amd now we are at $15K. It is the people, that made bitcoin stronger.

[AndySt]

As of now bitcoin are raising its value due to pandemic the demand for fiat currencies have been decreased drastically and digital currencies are now in demand. This may lead for another price raised on btc so i may say as of now its better to invest on bitcoin while its still low.

As for the fall in demand for Fiat currencies, it sounds quite original, because with all due respect to cryptocurrencies and bitcoins in particular, but all economic activities, payment of taxes,payment of utility bills, and finally wages and pensions require the mandatory use of Fiat currencies, and this state of Affairs will continue for a very long time. Therefore, the fall in demand for Fiat currency in the current pandemic time is not expected. Another issue is that when economic activity slows down, the released money requires a new sphere of application and bitcoin is perfectly suitable as an investment object.

[gabbie2010]

This pandemic is very good for the bitcoin market, it is proven that currently, the price is rising so fast I think the current market is in a positive condition and the volume is getting higher. Not only that, the attractiveness of investors is getting bigger at this time of the pandemic, bitcoin is increasingly known and is the center of attention today.

To be fair bitcoin market hasn't done badly in this pandemic, many critics of bitcoin expectation was that the price will crash in the wake of the first wave of Covid-19 just like the rush to sell gold by many investors, however bitcoin survived against all odds and despite a major pullback or retracement to $3K+ due to the devastating damages and effects of the pandemic on stock and commodities market, bitcoin came out unscathed thus becomes investors choice for investment and probably avoiding physical contact with fiat had due to restrictions pushed a lot of investors and individuals to digital currency i.e bitcoin as a choice for online transactions and shopping.