Pandemic: good for the bitcoin market or bad?

[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.

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.

It's not a last hope, there can still be a lot of things that they can do but it's a good option.

Investing in bitcoin is good  for those that have finances but for those that will rely on it, I don't think it's really a good idea.

[pjwaffle]

I think It is already an established market and even if any act of God comes to the world, the bitcoin market will last as long as there is stable demand and market capitalization. It is important for you to know your situation during this pandemic if you can get your money out of your pocket and convert it into assets or hold bitcoins. And does the problem matter or not? sure yes. When the economies of the countries go down, unemployment and hunger due to the pandemic are high, prices will recover, only the pandemic will pass and the economies of the countries will gradually recover.

[milewilda]

I think It is already an established market and even if any act of God comes to the world, the bitcoin market will last as long as there is stable demand and market capitalization. It is important for you to know your situation during this pandemic if you can get your money out of your pocket and convert it into assets or hold bitcoins. And does the problem matter or not? sure yes. When the economies of the countries go down, unemployment and hunger due to the pandemic are high, prices will recover, only the pandemic will pass and the economies of the countries will gradually recover.

As long there's internet and no matter what those natural calamities would impact out on the world then Bitcoin would still live.It cant be affect with those natural conditions
which means it will always vary with the demand and support of the community.No news or events that could precisely tell or able to make the market go down on precise manner.
It could move on various ways without knowing on when it would happen and that what makes it too unpredictable but at least you could presume basing on different aspect or
factors too which could be considerable.

[Rasa nanas]

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.

I think in a difficult situation like today most people will choose to use money to survive rather than invest in any form. after this pandemic is over and the economy starts to recover that is the right time to invest because difficult situations like this could happen again in the future.

[tippytoes]

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.

I think in a difficult situation like today most people will choose to use money to survive rather than invest in any form. after this pandemic is over and the economy starts to recover that is the right time to invest because difficult situations like this could happen again in the future.

I can agree that most people around the world wouldn't think of investing in crypto when we are still in these challenging times. But I believe a lot of us here find being involve in crypto to be a blessing in disguise during this pandemic. This forum alone helped a lot in supplementing some of the needs of forum users via different activities like the sig campaigns, bounty programs, services and many others. And as we have see, owed to the pandemic, the adoption in crypto grow stronger. A lot of people become interested on checking out crypto as people were stuck at their homes during the height of pandemic period. So they were looking for alternative options on how to earn additional income.

[Xampeuu]

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.

I think in a difficult situation like today most people will choose to use money to survive rather than invest in any form. after this pandemic is over and the economy starts to recover that is the right time to invest because difficult situations like this could happen again in the future.

logically it is like that, but for people who are in cryptocurrency trading, I think they will buy when there is an opportunity for future investment. Of course, no matter how much money we have, if the price is low, we will leave a little to buy it, because it is related to the moment

[Mauser]

In my opinion the pandemic was very good for the bitcoin market. We have seen a big rally in bitcoins and most of the a alt coins over the last 12 months. There are a few factors during the pandemic which helped the crypto market a lot. First of all, the goverments all around the world started to inject a lot of money into the economy in an effort to try and stabilize the economy. The reduced tax income for the state was being offset by giving out free money and cheap loans in an effort to try and increase spending and investments. But since not everybody wants to spend their money and we don't get any interest on our savings account many investors looked for new opportunities and found them in the crypto world. Together with the rising inflation this created a huge demand for crypto currencies. And secondly, the multiple lockdowns forced all of us to stay at home and many people had more time on their hand due to lower working hours or losing their jobs. In search of finding new ways to make money some people turned towards crypto currencies. Everybody with a PC and internet access can start trading cryptos from home with low fees.

[rodskee]

Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics.

this kind of post always give me second thought as claiming to be a newbie and making a THREAD then after will never come online.
This means this is solely created to farm post and not intentionally to learn and listen to the answer .
What comes to the forum mostly now.

I think It is already an established market and even if any act of God comes to the world, the bitcoin market will last as long as there is stable demand and market capitalization.

actually act of God like this makes the market more stronger and more valuable  now, people come to seek for what is much safer to use and that is why they enter in crypto specially bitcoin.

[ChiBitCTy]

I believe overall that the pandemic has been a positive for the bitcoin market.  It seems like the pandemic woke up a lot of people when it comes to realizing that the goverments inflated/highly controlled money can just keep being printed off in droves, without any regard to the consequences..or I should say with little regard.  This drove a lot of people to bitcoin. I think other things such as the US stimulus checks helped as well.

[geegaw]

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.

I am forced to deny this opinion, there are too many options lined up before bitcoin, the financial decline has been funded by the government, they not only helped overcome difficulties during the pandemic, they will help with the recovery time after the pandemic, neighbors also help each other, can't fall into a lonely and helpless situation. Moreover, finance during the pandemic makes people's spending very standard and limited to a minimum, argues that bitcoin will be the enlightening standard, it is impractical

[LUCKMCFLY]

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.

I am forced to deny this opinion, there are too many options lined up before bitcoin, the financial decline has been funded by the government, they not only helped overcome difficulties during the pandemic, they will help with the recovery time after the pandemic, neighbors also help each other, can't fall into a lonely and helpless situation. Moreover, finance during the pandemic makes people's spending very standard and limited to a minimum, argues that bitcoin will be the enlightening standard, it is impractical

From the beginning I thought that the pandemic was the perfect option to see BTC grow to $ 100k, I took into account the panic and the fundamental that the pandemic represents at one point, my perception was not so wrong, but it did not have the impact that I thought I was going to have, I thought that the market would go down, and it would quickly pick up and have a new ath at least at $ 100k, for the simple fact that the confinement was going to force people to do all their transactions digitally and the The best way is through crypto, of course the global adoption at the end of 2019 and the beginning of 2020 is not as it is currently, however, seeing how everything is going in the world if it will reach that new ATH but very slowly, most likely to December, and by the time the pandemic ends (which I see very difficult) BTC could take a much bigger leap to the top.

[bitzizzix]

Yes it's good for bitcoin because it is caused by people's awareness of the function of bitcoin as a safe asset and experiencing a very big demand during the pandemic, and everyone started to think positively and understand bitcoin is a safe haven asset during the pandemic and they are securing their assets in bitcoin because of other assets decreased when the pandemic started and caused the price of bitcoin to rise due to high demand.
and besides, a number of well-known conglomerates and companies say that bitcoin can be an asset that protects against inflation, and the growth of bitcoin users increases when they turn to bitcoin or other cryptocurrencies as a source of income in their own way, and this is historically important as people eventually become more be confident and recognize bitcoin fundamentals as a safe haven asset and an inflation hedge as well as a promising investment.

[Argoo]

We remember that only in the initial period after the official announcement of the onset of the coronavirus, all cryptocurrencies, including bitcoin, fell sharply in price. After that, the cryptocurrency market gradually recovered and has only continued to expand since then. It can even be said that the coronavirus pandemic has largely contributed to the fact that the states themselves highly appreciated the functionality of the cryptocurrency and began to massively consider the possibility of introducing their national digitized currencies. During this period, people under quarantine conditions became more interested in and using cryptocurrency.

[Rufsilf]

Almost everyday is good to invest in bitcoin, if you have what it takes then you should do it today especially if the market are dipping low because there's always a high chance that the market will recover immediately. Do always mind that the price is so volatile and make it as an advantage to yourself.
If you can invest today then do it today, don't wait for tomorrow. Generally speaking, every single day there's a new investor in bitcoin that makes profits rather than those who just shows interest and doesn't make any move.

This pandemic shows us that it is good for the bitcoin and still the best way to invest your funds. Invest only what you can afford because there's always a risk of losing.

[Wakate]

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.

The pandemic was able to boost the cryptocurrency market to a higher price because of people changing there view and mode of income into online. The pandemic was able to show people about another ways they can run transactions which is through cryptocurrency. Making investors were able to adoption Bitcoin during this time because there Fiat was not that stable again.

[newwest]

I will consider it as a boon, because only after pandemic instructional investors started to make their switch in portfolio as stock market were crashing and in order to hedge against dollar, they started investing in bitcoin and after one of the organization when they buy other follow and today there are numerous organizations having bitcoin with them and numbers are growing.

[coin-investor]

I will consider it as a boon, because only after pandemic instructional investors started to make their switch in portfolio as stock market were crashing and in order to hedge against dollar, they started investing in bitcoin and after one of the organization when they buy other follow and today there are numerous organizations having bitcoin with them and numbers are growing.

It became good for the Crypto market, investors got another opportunity to buy Bitcoin at a very low price of $5k  that was a rare opportunity those who believe, bought and HODL until it reaches $40k made a huge profit I also thought that Bitcoin will suffer because of the pandemic, but it's become a haven for investors who shifted from stocks and mutual to Cryptocurrency.

[SacriFries11]

Because of this pandemic, most people become jobless so the tendency is to find another way to earn money thru online and one of the option they find is trading crypto and of course nft games that can win crypto. Well crypto have already lots of users before but the pandemic helps boost crypto because everything now becomes online. In that case I think it is a good thing. As of what I have read also from different topic in this forum, the volume of transaction in crypto kept increasing.

[CaptainCrapper]

Based on current trends, the pandemic has been pretty favorable for the cryptocurrency market overall since most people favored digital payment systems over physical FIAT due to the pandemic which helped cryptocurrencies prices grow in the short term.

This helped many people realize how useful cryptocurrencies truly are in any situation. However, you should only invest what you are willing to lose op.

The cryptocurrency market is very volatile except for certain currencies like stablecoins etc. Don't expect a stable experience when investing into this market.

I think when starting the pandemic situation the market was very good and day by day pump but in the midterm situation, lots of people or day traders lose their investment.so I will tell the pandemic situation overall contribution is very good for all traders and invetors.

[Cling18]

I'm sorry if you've gone through things like that during this pandemic but I'm sure that other people experienced the same thing. As for me, the pandemic is good for Bitcoin because there have been lots of adoptions during this crisis. Most people have switched to cryptocurrency and even see it as an opportunity to earn online. These factors made the foundation of Bitcoin during this season stronger.