Pandemic: good for the bitcoin market or bad?

[mich]

If we are going to base this strictly off of numbers then its obvious the Global Pandemic is very good for the bitcoin market.   I do not think anyone really thought that we would see such a rise in the price.

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[globalpain]

Obviously, we have been in a pandemic for 9 months, and see what happened in the crypto market,
the price of Bitcoin went up to $ 16000, and this made the holders very happy, especially if they were able to break ATH,
the Pandemic would make Crypto even more popular, but hopefully be careful if the pandemic is over.

[Majharul Saiif]

In my sentiment, Bitcoin has been good for the market. Because people have been locked down by this pandemic for a long duration and have evolved dependent on online. So the importance of the bitcoin market has heightened. Everyone comprehends the usefulness of cryptocurrency. Those who are very knowledgeable are slightly dependent on Fiat.

[Kopetunto]

this way, according to my observations, the price of bitcoin fell to $ 4000 when the pandemic was announced,
and it's not just bitcoin, all assets have also decreased, both stocks and gold,
but what has survived so far is crypto currency, the price of Bitcoin can reaching $ 16,000 is possible because of this pandemic.

[erikoy]

We cannot say that pandemic was good in pandemic but for me people that has extra money are keeping it as an asset like bitcoin. This can beat the inflation rate that the fiat currency had been hitting with in this pandemic. Basic needs commodities has been doubled its market not because the value of fiat currency has been depleted. This is why people who knows bitcoin are using it to avoid getting hit by the inflation rate.

[DabsPoorVersion]

We continue to experience this pandemic til to date,

But we can see that the price of bitcoin is continue to increase. We can clearly say that its potential is finally showing or this pandemic is not bad for bitcoin. We all know that the pandemic will not affect crypto and will continue to grow without even bothered with what's going on the outside world.

[aioc]

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'm surprised that it turns out good for the market, I thought the market will crash big time, everyone was worried but it managed to bounce back, thanks to the whales and industry leaders, they made a big difference of supporting the market during it's bad times, right now it's still doing good in the market and soon the pandemic will be over, I like the scenario after we are back to normal.

[Salauddin1994]

The epidemic has not yet been fully controlled and all the countries of the world are trying to control it once the vaccine is available everything will return to normal including the country's economy but the epidemic has done much better for the crypto market. Whales cannot influence the currency that is why the prices of currencies are increasing in the crypto market in addition to investing in cryptocurrencies everyone is now leaning towards decentralized exchange sites rather than centralized work the market is growing so much.

[asus09]

Pandemic give bad impact for the market because economic world most complicated problem and many people loss their job during pandemic never have word with ended until now many people become positive covid 19 every day. When many people loss their job exactly saving money will use for daily needs and not have mind for using to trade or investing and give bad impact for market with less transaction coin, many people better for saving money and use for a very important need like eating, healthy and education during still not get new job to earn money, when pandemic have end and many people get back their job will give light for market with many investor return to trade and invest again for getting much profit after their money have better before pandemic.

[mung_nasib]

for now I think you have to really prepare mentally when you want to invest because with the arrival of Corona there are many difficulties in finding work offline so if you have capital you have to be patient and maybe long-term investments can be a solution to reduce panic.

[marcous]

the global economy is affected especially when the locdown is carried out.  For example, the retail business has experienced losses and decreased turnover drastically.  whereas cryptocurrencies are gaining wider acceptance.  when previously many people thought Bitcoin was a speculative toy for millennials to become an attractive financial asset for conventional investors.  now Cryoto is one of the assets that can be relied on in the digital space to make money
The impact of the pandemic on everything digital, especially on payment systems, during the widespread lockdown, online commerce and communication has increased interest in digital currencies.

[loopes]

for now I think you have to really prepare mentally when you want to invest because with the arrival of Corona there are many difficulties in finding work offline so if you have capital you have to be patient and maybe long-term investments can be a solution to reduce panic.

Only mental preparation before investing is not enough since there are a lot of risks which should to be avoided. Those risk are experimental phase risk, price volitality, currency regulation, etc. find more The Main Risks Of Investing In Bitcoin.
Even tho at this pandemi the more risk will be occur, so we have to analysis before putting investment to reduce the risk.

[Sithara007]

for now I think you have to really prepare mentally when you want to invest because with the arrival of Corona there are many difficulties in finding work offline so if you have capital you have to be patient and maybe long-term investments can be a solution to reduce panic.

The job market will be there. Some of the jobs may get transferred from the offline realm to the online sphere. For example, many of the dine-in restaurants in my area are now concentrating in home delivery of food items. Retail shops and supermarkets have also started accepting online orders. Those who earlier worked in these shops are now working as delivery executives.

[doomistake]

Pandemic has its good and bad impact to the cryptocurrency world. This crisis made bitcoin and other cryptocurrencies a safe alternative to invest and put your money on because of deflation. It serves as another space or medium to generate income as well. Hence, the crypto community grown and many people took interest because of the circulating news (good for investment).

On the other hand, it has its negative effect to crypto and traders. Because of pandemic, the source of income generated by average people became limited, limiting also the investments they put into btc. In addition, impulsive buying and selling of tokens were evident because of the panic felt by some users. I believe there’s always a chain reaction for every possible effect on something. The impact of pandemic on cryptocurrency has two sides, balancing the edges.

[Imran232]

If we say something about seeing present situation bitcoin is now in super hype plus all coins breaks all time high value than previous years. And everything happens in this pandemic situation.  I think when this pandemic start lots  of company shut down plus lots pf worker becomes jobless. In that time companies people interested to invest their money and want to get profit. May be when they research and they got to know about bitcoin altcoin thats why they are interested and they invest their money and that is why it becomes more valueable and super hyped.

[Distinctin]

If we say something about seeing present situation bitcoin is now in super hype plus all coins breaks all time high value than previous years. And everything happens in this pandemic situation.  I think when this pandemic start lots  of company shut down plus lots pf worker becomes jobless. In that time companies people interested to invest their money and want to get profit. May be when they research and they got to know about bitcoin altcoin thats why they are interested and they invest their money and that is why it becomes more valueable and super hyped.

I can't say that this pandemic gives good or bad effect to bitcoin because this market has probably experienced both. This pandemic has made most of the countries economics struggle because a lot of companies have closed thus eventually, leaving all the workers jobless. But also during this pandemic, bitcoin price started to rise again because of positive news caused by institutional investors. But then, it is also during this pandemic bitcoin started to dump too because of some healthy price correction right after its bullish price.

[oHnK]

But also during this pandemic, bitcoin price started to rise again because of positive news caused by institutional investors.

So in your opinion, the rise in bitcoin during this pandemic was only due to good news from investors in one of the institutions?  Is that not an exaggeration, is there really no effect from the Pandemic itself.  There have indeed been several jumps in the price of bitcoin to reach an all-time high.  But there are many other supporting factors.

[Raflesia]

Pandemic has its good and bad impact to the cryptocurrency world. This crisis made bitcoin and other cryptocurrencies a safe alternative to invest and put your money on because of deflation. It serves as another space or medium to generate income as well. Hence, the crypto community grown and many people took interest because of the circulating news (good for investment).

On the other hand, it has its negative effect to crypto and traders. Because of pandemic, the source of income generated by average people became limited, limiting also the investments they put into btc. In addition, impulsive buying and selling of tokens were evident because of the panic felt by some users. I believe there’s always a chain reaction for every possible effect on something. The impact of pandemic on cryptocurrency has two sides, balancing the edges.

We have to accept the impact of the pandemic, the good and bad effects, and live it according to what we expect in the future.
At the beginning of the pandemic, cryptocurrency experienced a very low deficit that made many people do not believe this, but over time it slowly changed and reversed the direction where bitcoin was used as an alternative as a transaction and also investment nowadays even almost reached a new ATH but The price has come down again and it is still high yet to come in its time.

In our work, we actually don't need to rely on it because this has become a limited policy where workers are laid off because the economy is bad, but now the business is growing again and this opens up opportunities for those who want to work again.

[bitzizzix]

One thing that must be known and one of them is, the increase in bitcoin is greatly influenced by the growth of its users and the more people who use and adopt it will have an impact on the increase in bitcoin.
During this pandemic, many new people got involved in bitcoin and they started to realize the benefits of bitcoin during the pandemic and they made bitcoin or other crypto as an alternative source to make money, by investing, trading and other ways to get it.

[sapnu]

One thing that must be known and one of them is, the increase in bitcoin is greatly influenced by the growth of its users and the more people who use and adopt it will have an impact on the increase in bitcoin.
During this pandemic, many new people got involved in bitcoin and they started to realize the benefits of bitcoin during the pandemic and they made bitcoin or other crypto as an alternative source to make money, by investing, trading and other ways to get it.

Considering the fact that fiat is starting to be used less due to the threat it imposes upon being able to transfer virus to its holder makes it a great opportunity for bitcoin and other crypto to become more convenient and safe at the same time. Not only you can purchase using crypto, you can also earn money without physically touching it. At this times, we maybe witnessing a transition that is quite unnoticeable wherein cryptocurrency is slowly taking over the world given the instance of safety and precaution when we talk about money. The benefits also are way more better than fiat's that is why many people are starting to patronize the use of it.