Pandemic: good for the bitcoin market or bad?

[Pejoh Asu]

Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.

[Kittygalore]

Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.

That could be the bigger reason, I mean there's a lot of people that's been more curious in crypto during the pandemic but it could have also been a coincidence that there's a huge pump in prices just because crypto has been here for about a decade so it's likely just a coincidence.

[Gyfts]

Well, after having all this time to reflect - we know what the answer was.

The pandemic was fantastic for crypto. Not only has the pandemic allowed all central banks to spend unlimited amounts of money, it's also exposed the high inflationary period that was once called transitory, but now is here to stay. Chinese markets having strain are just the beginning, you'll see CNY take a nose dive soon enough (not necessarily pandemic related but there was some strain) USD obviously in complete chaos with a current 5+ percent inflation rate, expected to remain high for the rest of the year.

I said earlier that the pandemic was terrible for bitcoin because the markets had obviously crashed, taking BTC with it - but I had not foreseen government royally destroying their currencies for a disease with a 99 percent survival rate. So good on them for proving me wrong. I'll take it.

[Bollexz1]

Bitcoin with no shadow doubt helped many during the pandemic because almost everyone across every globe got locked down and the only thing they could turn to was their computer and Internet.

In that process, many learnt what Bitcoin and cryptocurrency a whole entails and they made gains to sustain their daily activities either through trading or short term investment.

[jossiel]

Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.

There's a drop of stocks while the pandemic is emerging but many have recovered too. That's the same with bitcoin, it has made a good run while it is on the pandemic.

Which allowed everybody to look at how cheap it was pre-pandemic.

[Victorycoin]

The epidemic is sweet for bitcoin. Helped people learn something new not a terrible thing in some situations and it can actually boost the economy and make new jobs during. Overall, it stimulates investment and growth - everything needed for healthy economic process. The demand for crypto and the value of bitcoin are rising. the worth of products and services rises rapidly when wages remain stable the purchasing power of cash decreases and therefore the cost of living becomes costlier.

[alpamar99]

Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.

That could be the bigger reason, I mean there's a lot of people that's been more curious in crypto during the pandemic but it could have also been a coincidence that there's a huge pump in prices just because crypto has been here for about a decade so it's likely just a coincidence.

this is not without reason, because indeed they can't go anywhere because their work and activities are limited besides that some even go bankrupt which makes them rack their brains to provide benefits for them but by staying at home because the lockdown is still happening.
and this is actually a very good thing at least they have a little glimmer of hope when it comes to learning about cryptocurrencies.
although it is indeed a high risk when on this path, but at least trying is better than doing nothing to change fate during this pandemic.

[albon]

Fortunately, the Bitcoin market was not affected by the epidemic. Rather, this epidemic made the Bitcoin market worse than before because the people who retired from work learned its value and accepted to invest it. Its decentralization feature made it the first choice for everyone who does not want to mix with people and go to banks, and despite the collapse of the economy in Many countries indicated that the Bitcoin market continued on its way and achieved its highest levels.

[chrisculanag]

Pandemic is not affecting the price of Bitcoin but they give other chance to know more about this like you. If you want to invest in Bitcoin you need more patient to hold and wait a profit to earn a lot and always check the graph or the news because it can help you. Just try and try with your own risk.

[Rajamuda]

The pandemic situation so far has attracted many people to enter the crypto world and various things in it. This has had such a good effect on the market that Bitcoin had reached the highest price in its price history. Well, it's very good if we can take advantage of situations like this to keep the spirit of looking for certain income or profits that can be done, even though economic conditions are generally declining due to the pandemic. Bitcoin is like a good hope for everyone, there is nothing wrong with investing in Bitcoin, after all it also doesn't make people lose or get more risks if they keep learning and gain much knowledge about Bitcoin and everything in it.

[Rruchi man]

It takes a bad situations sometimes to make something good thrive.  It's not like there was a bitcoin giveaway or massive advertisement for bitcoin during the pandemic, i think the pandemic slowed a down a lot of people's daily busy fast moving life's, and gave them till to catch up with information from reading books & magazines, TV , the internet etc.
Because everyone had to bounce back to their Savings or investments for most of the lockdown, those who never made plans for any emergency situation were really hit hard as they soon discovered that the money at hand was not sufficient. As a result, alot of person's have made amends and don't want to be in any emergency situation unprepared again, hence the search for ways to invest, of which bitcoin and cryptocurrency must pop up. So the pandemic was good for bitcoin market because demand for bitcoin increased as users increased, and according to economics, an increase in demand leads to increase price as the demanded item becomes scarce.

[ice18]

What I just noticed, while we are in pandemic state where most of my friends are in lockdown and the only way to do their jobs is thru online, many of them got got interested in bitcoin. I don't know where they discovered but looks like in social medias like fb and twitter, some of them approached me about crypto and how they can buy, interest in investment opportunities are getting huge because of this pandemic. Peoples mindset in just going for work everyday has changed a lot, they learn how to invest money into something that they can earn even without doing anything, and defi is the best option for them. I really believe that in the near future, many people will invest mostly in crypto especially in Defi because of its decentralized nature.      

[finaleshot2016]

I think pandemic doesn't help the market but it really helps the people to believe in cryptocurrency in the terms of getting extra cash by investing.

People really need money and that's the reason why most of them urge to invest in the crypto market and that's a good thing especially right now here in my country, most of us are playing NFT games.

Cryptocurrency is more introduced here because of those NFT games and it's because of the pandemic, people want extra money through NFT games.

[Kodok Bencot]

When it is a pandemic that makes many businesses and types of investments lose money then cryptcurrencies are the best solution, many people enter cryptocurrencies because of the huge profit opportunities and when the cryptocurrencies marketcap pandemic skyrockets more than 300%, of course the pandemic is a good thing for cryptocurrencies.

[suryana]

If you look at the chart when the pandemic started, it makes bitcoin really goes down to the point that it reached $3900 but then as time goes by bitcoin keeps on increasing to the point that it reached the new ATH during the pandemic, it happened because of so many people who discovered cryptocurrency and invest in bitcoin, this pandemic gives a lot of people spending their time in their computer and cellphone which makes them learn about cryptocurrency and invest on it as well.

Yes, that's right, including me. During the pandemic I am more active and spend time in front of the computer to generate income from trading results and this is good for me. I think many people, like me, have started to focus on earning income through bitcoin trading. And the pandemic doesn't really affect bitcoin, people are more actively looking for this opportunity. I think this is the right time for you to enter.

[LUCKMCFLY]

At the beginning of the pandemic, it must be taken into account that Bitcoin fell, but it is normal, panic in the market caused such behavior, not only in Bitcoin, but all markets, except gold.

Time later, specifically a few months, they began to see Bitcoin as a safe shelter, and people liked the investment in Bitcoin and Gold, than any other action or currency. The causes can be many, perhaps confinement in the home made many begin to see the Bitcoin market as a real option for investment, some to do trade.

People began to have more confidence and still in pandemic is that a series of events have been generated that have brought new ATH market.

Without doubts this pandemic was good for bitcoin market. It gave the impulse that was faulting to level crypto market up. I think it happened due to the fact traditional investments starved during 2020, at least in my country, especially fixed income investments which were all surpassed by inflation, while variable income had some difficult time to stay above inflation, although it was better than nothing. It means people holding fiat lost patrimony value last year and it probably incentived many investors to put their money in bitcoin to protect it against inflation and fiat devaluation.

Im in neutral i could say because this market isnt really that affected even though most economies had greatly affected because of the pandemic thats why we cant really make out some precise conclusions if it did really

make out some impact or not but as we do all know on when it happened where bitcoins price do able to hit up its peak of 60k+ which is on this year which is truly remarkable.

We dont know on what actually happened behind the curtains but it turns out to be a great year on crypto as a whole specially with Bitcoin.

Many are waiting for the price of cryptocurrencies to go up, in fact BTC analysts around the world are waiting for the price to reach $ 100k, some believe that when it reaches $ 100k the price will drop suddenly, I know the $ 100k a lot They will be sold, but as things go, it can go as high as $ 100k and keep increasing, of course the S2F model is one of the best predictors, however this year is the ideal to reach that goal.

According to the model, the next target will be for $ 288k, and if it reaches this price it will be total madness, because I would like to see what the enemies of Bitcoin, the economists who do not believe and especially the countries will say. who have banned BTC and are fighting to ban it through amendments.

[Pamadar]

Almost 2 years of the pandemic has not ended, when many types of investments fell and were abandoned by investors, this is different from bitcoin, the daily transaction volume has continued to increase since the pandemic and this is proof that investors are turning their money into bitcoin.

Proof that there is more interest in Bitcoin coming from new investors.

This indicates that pandemic brings new people as they've got time to do proper research, for those who at first are doubting this venue of investment, after understanding deeper, they are now in here and probably enjoy their participation.

Since the pandemic the growth in interest in bitcoin has increased significantly so that it has pushed the bitcoin price to reach new ATH during the pandemic in the past few months, as many investors are turning to bitcoin investments because they realize that bitcoin investments provide an opportunity for them to earn profits which is greater than investing in stocks when the world economic chaos occurs.

Acknowledging that new ATH, and currently Bitcoin, is moving ahead. The chance of seeing another new ATH while this pandemic still exists is very much possible.

[sirminesalot]

Almost 2 years of the pandemic has not ended, when many types of investments fell and were abandoned by investors, this is different from bitcoin, the daily transaction volume has continued to increase since the pandemic and this is proof that investors are turning their money into bitcoin.

It's because investors are looking for everything virtual right now, big funding company are investing on tech company and investors are also looking for investing on digital currency projects.
This pandemic has changed the world become virtually just like the film that has future themed. And we already at the gate of the era where everything is becoming virtual and as a human we have to adapt the changes

[boyptc]

Almost 2 years of the pandemic has not ended, when many types of investments fell and were abandoned by investors, this is different from bitcoin, the daily transaction volume has continued to increase since the pandemic and this is proof that investors are turning their money into bitcoin.

Yes.

Transactions made from bitcoin are remaining intact and thus, keeps on growing. The whole world are starting to go back to the usual that we've been doing.

The investments and assets are coming back to their value that was lost to them in a slow mode.

[Kodok Bencot]

Almost 2 years of the pandemic has not ended, when many types of investments fell and were abandoned by investors, this is different from bitcoin, the daily transaction volume has continued to increase since the pandemic and this is proof that investors are turning their money into bitcoin.

Yes.

Transactions made from bitcoin are remaining intact and thus, keeps on growing. The whole world are starting to go back to the usual that we've been doing.

The investments and assets are coming back to their value that was lost to them in a slow mode.

When many people are stressed because of the pandemic and their finances drop, the last hope is to try to invest bitcoin, when they get a profit they will invest with an increasing value, this is what makes bitcoin continue to improve so that it becomes the best investment choice during a pandemic.