Did bitcoin lose its value?

[TIDOVEE]

The market value of Bitcoin reduced during the pandemic but it is not on the basis of the dollar value, bitcoin is measured in different fiat values and the reduction in the values of those fiat is not what instigates the change in value of Bitcoin. It definitely affects the conversion rate on the basis of the difference currency in each participating country. Bitcoin is volatile and It is definitely prone to the rise and fall.

[Alucard1]

The market value of Bitcoin reduced during the pandemic but it is not on the basis of the dollar value, bitcoin is measured in different fiat values and the reduction in the values of those fiat is not what instigates the change in value of Bitcoin. It definitely affects the conversion rate on the basis of the difference currency in each participating country. Bitcoin is volatile and It is definitely prone to the rise and fall.

There are some other guys that sold their bitcoin so that they have money even if there is an pandemic and cannot go outside due community quarantine but there are also some guys who invested on bitcoin so that they can earn even if the pandemic is still going on. The ratio of those two is the reason why do the price of bitcoin is getting higher. If there is a lot of trader, there is a lot of demand and the price of bitcoin is high. If there is a low number of trader, there will be not enough demand and the price will surely low.

[DoublerHunter]

At the moment bitcoin is trading at $ 12919, it is clear that bitcoin has had very good gains in recent days.
The cryptocurrency market operates in a different way from other financial markets, as evidenced by the fact that bitcoin has remained bullish during the pandemic and downturn.

^ Because bitcoin was not pegged with any currency, the price was determined by the demand and supply only not on other cryptos.
If the internet were down and there is no ability to access bitcoin, probably that was the time bitcoin will lose its value. But I don't think that will happen, bitcoin was on mainstream, and possible this would become a digital currency that could be used as a cashless payment method to avoid physical contact which is very useful to follow the pandemic protocol.

[verita1]

Now Bitcoin is gaining value. It has remained strong amid the pandemic crisis. With the most recent announcements of PayPal, Bitcoin has given the great support to solve the problems of banking. The future of Bitcoin looks bright because more people will benefit from its use and massive adoption will follow. We are privileged to use Bitcoin and crypto for our daily needs and now we can confidently share the knowledge with others.

[Shasha80]

Why is the popularity of Bitcoin rapidly increasing, because Bitcoin is very different from fiat. Bitcoin has a limited supply, mining is difficult,
and Bitcoin is difficult to counterfeit. So it's not like fiat, whose value has decreased due to the government printing money. What happened
to Bitcoin was the opposite, the value of Bitcoin is getting higher nowadays. Bitcoin is now at the price of $ 13,100.

[acener]

No it didn't lose its value for me it is the other way around Bitcoin gain more and it didn't lose anything.
And because of Paypal I think it would gain more than what it already had right now.
And for me Bitcoin and Fiat have different effect on this pandemic while Fiat is decreasing it's value due to pandemic the crypto has been rising up.

[Sapphire915]

Based on what Ive learned, Bitcoin is an independent digital  currency. US dollar's inflation and higher value and any fiat currencies have nothing to do with its value in the market. We cant connect the effects of their high and low movement. They are definitely different in terms that bitcoin itself is decentralized and fiat currencies are the physical money we used in the mainstream world. And, I believe that bitcoin will never loses its value in the market because of growing numbers of people that keep on using and believing it.

[coiner-88]

Bitcoin as having lost its worth when we see it from the crystal of its current cost. Regardless, it picked up esteem. It's a pandemic within reach right now, yet the value continues taking off and more clients get included its organization from support. Bitcoin cost is being stale or having no development on which you are likely not being perceptive on how the costs are moving in the market which expresses that it isn't stale for having development whether it is a major or a little one. With respect to esteem, Bitcoin isn't losing its worth as a result of what's going on the territory of US dollars.

[Dsdaq]

Bitcoin didn't lose it value it depends on what you are talking about. If you are talking it being pegged to dollars?
It that your question.....

[MCDev]

At the moment bitcoin is trading at $ 12919, it is clear that bitcoin has had very good gains in recent days.
The cryptocurrency market operates in a different way from other financial markets, as evidenced by the fact that bitcoin has remained bullish during the pandemic and downturn.

^ Because bitcoin was not pegged with any currency, the price was determined by the demand and supply only not on other cryptos.
If the internet were down and there is no ability to access bitcoin, probably that was the time bitcoin will lose its value. But I don't think that will happen, bitcoin was on mainstream, and possible this would become a digital currency that could be used as a cashless payment method to avoid physical contact which is very useful to follow the pandemic protocol.

All markets operate on the relationship of supply and demand, and the cryptocurrency market is no exception.
I think the main reason that caused bitcoin to rise in price during the pandemic is because people stay at home more, then they have time to contact the internet and know more about bitcoin so bitcoin rises.

[ghost424]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

Bitcoin being stagnant does not mean it is losing its value. Its actually better for Bitcoin to have a stabilized value since you have these opportunity to use Bitcoin for buy and sell purposes. I actually saw this opportunity to be active within the Cryptocurrency Industry again since most jobs are being lay-ed off during this pandemic.

[ichi]

Bitcoin as having lost its value when we see it from the precious stone of its present expense. In any case, it got regard. It's a pandemic close enough at this moment, yet the worth keeps taking off and more customers get remembered for its association from help. Bitcoin cost is being lifeless or having no advancement on which you are likely not being insightful on how the expenses are moving in the market which communicates that it isn't flat for having improvement whether it is a significant or somewhat one. Regarding regard, Bitcoin isn't losing its value because of what's happening in the domain of US dollars.

[robertjack]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

After rallying to nearly $20,000 in 2017, bitcoin's price plummeted and lost a third of its value in a single day, plummeting to $3,122 in 2018, wiping billions of dollars from the overall cryptocurrency market value. Although this can result in large income, it can also result in large losses.

[Cihuy182]

Technical, Yes. But, it depends on the currency.
The Turkish Lira for example has been heavily devalued over the years and was hard hit by the pandemic effect, this led to huge increase in the value of Bitcoin when priced against it, this is however an isolated incident and does not have much global ripple effect, so we can not say the price of Bitcoin rose.
When it happens in sync across various top fiats (such as the USD which is the global reserve currency) it would have a global effect, in this scenario, the global value of Bitcoin would have risen due to inflation

[elisabetheva]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

there is no direct relationship between $ US and bitcoin especially with the FRB that prints the banknotes, bitcoin runs alone, no one manages and runs, all with the system. USDT is always stable and does not directly affect bitcoin, bitcoin will lose its value if it does not trade and buy, as long as it is still running, bitcoin will always be valuable.

After rallying to nearly $20,000 in 2017, bitcoin's price plummeted and lost a third of its value in a single day, plummeting to $3,122 in 2018, wiping billions of dollars from the overall cryptocurrency market value. Although this can result in large income, it can also result in large losses.

crypto will always happen like that, at certain times it will decline because the market does not trade a lot but at one time it will increase because goods do not exist in the market, economic laws apply and that is normal for crypto and does not become a crucial problem. now crypto is enjoying a good period, almost a lot has reached ATH and of course this is very exciting. hopefully it will run for a long time so that all can enjoy.

[Rasel5209]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

If bitcoin loss her value you need to wait for two or three years. Bitcoin is world currency and every day increase bitcoin user but bitcoin can not increase. So i think every time increase bitcoin value.

[Fatunad]

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

If bitcoin loss her value you need to wait for two or three years. Bitcoin is world currency and every day increase bitcoin user but bitcoin can not increase. So i think every time increase bitcoin value.

The way you do wrote up your sentence, it do really give me a hard time on understanding it.You simply talk shit right now using up words without any connection on what you are trying to say.


Bitcoin had never lost its value even though its price had crashed or dumped down but doesnt mean that demand and importance had fade away.To those people who had panic sell
wayback for sure did really have some regrets looking on the current price point of bitcoin.

Price does indicate that theres a strong demand into its market.

[kooboat]

Bitcoin  has maintained  it's  value  and development  despite  the  pandemic.  I don't  remember  when bitcoin  was pegged to the performance  of the  US Dollar.  People must appreciate  the fact that bitcoin  is not under the control of the federal  government, although  USA is a powerful  country  with  much influence  on the world's  economy.

[Twentyonepaylots]

Funny how people are still replying to this thread, months after bitcoin reached $30k, $40k, and $50k, although OP has a point in the case of the US dollar inflating which could give the illusion that something is more valuable now, but the thing is, bitcoin is not connected to these values, and they are merely there to serve as a comparison of what bitcoin is worth now.

[Matimtim]

Us dollar is not digital currency, there's a big difference between bitcoin and dollar, there's a less possibilities to affect the value of each other, meaning if the value of dollar decrease it doesn't mean the value of bitcoin will decrease also.