Did Covid19 effected bitcoin positive or negative?

[Question123]

High percentage it will cause to the bitcoin to rise the value during due to covid19 it is base on my observation only and my opinion.

When lockdown started the price of the bitcoin rising because those people who lost their jobs find a way to have income and the way is the bitcoin so the value starts increasing and now we still in the pandemic and the bitcoin is increasing it's value and maybe the effects is really good to the crypto.

[Yatsan]

The pandemic have pushed people to shift from the traditional going to digital because of the existence of the covid-19 pandemic which is advisable that as much as possible to face to face and no physical contact must be done to avoid the further spread of the virus. Almost all thing like jobs and studies have been made online so that life still continues as per the pandemic is still existent on our community. With that, transactions made on fiat or physical manner have been made digitalized through online transaction like banking have been offered online and even transactions have been made digitalized to avoid physical contact. This makes a good call for the time of Bitcoin adaptation for people wants to do a safe and secure transaction due to health concern which we can say that pandemic have been good to Bitcoin because of the cashless transaction and seamless and fast transaction that can be done with Bitcoin.

[Gemini24]

Most people now are transacting through online when it comes to payments,buying or sending even schooling are relying online, the pandemic did pushed everything into digital world to avoid direct contact to each other. I think covid-19 had a positive effect on bitcoin it has helped many people during difficult times, many became interested and wanted to learn about bitcoin during the lockdown and it had a good impact on the price of bitcoin.

[kentrolla]

Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.

[Xxmodded]

I think little negative impact with covid 19 for bitcoin because many people have loss job and look they can participated on many ICO project and try to trade, they don't have enough money after loss real job and they have other needed for his family. When covid have ended they have real job and get passive income from salary use to trade and invest with bitcoin or altcoin, I know investor in bitcoin not only from online business but also many people have real job will invest in bitcoin, but they try to get two way for source income not only from bitcoin they try to get income from working at real job and earn salary every month.

[sayaya17]

Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.

Right, this is the pandemic’s positive effect on bitcoin. The conventional currency is experiencing inflation, and that’s what people are afraid of,
especially big entrepreneurs. They feared its assets were declining, thus switching investments to bitcoin. And this is a solution so that its assets
can grow and it turns out that it is true, bitcoin is increasing and they will take advantage if they want, even until this pandemic is over.
It could have been. Or wait for ATH bitcoin.

[mariah.sadio]

A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive

[Vishnu.Reang]

A lot of people invested in crypto in the first time during this isolation. In my opinion, it affected rather positive

Recently there was a big spike in Bitcoin adoption, when PayPal made Bitcoin available in their platform. The full impact is not yet known, as the integration was done less than a month ago. But PayPal is having an userbase of around 350 million, and even if 5%-10% of them invest in cryptocurrency, it will give a huge boost to the exchange rates and daily volumes.

[samputin]

I think the effect of Covid-19 on bitcoin was positive. Because it made people coming online looking for income sources and an currency which can be easy to use. And bitcoin solved both of the problems. Even I cam back to crypto after 2years on this lockdown and now enjoying the bull run.

Many people are now understanding that bitcoin is useful and it can be a useful thing in the daily life. Hope the run of bitcoin continues like this.

Same thoughts here. When we're talking about cryptocurrency, we can say that the pandemic was a blessing in disguise. Since lockdown was in place in most parts of the world, many people have learned to turn into other means of transaction and one of it is using crypto. Thus, it is positive.

Personally, during the beginning part of the lockdown and the quarantine, I was able to earn money despite to my lack of job. Now that the quarantine has eased up, I now have a job as a teacher and I'm also participating in a sig campaign on the side. Bitcoin is my savior. I'm proud to say that. And with or without this crisis, I'll keep on doing this.

[michellee]

The Covid-19 effected bitcoin positively because while people are staying at their home, they spend their time to search for how to use the digital payment, and many of them heard about bitcoin by reading much news. Besides that, they came to bitcoin world in the right time when bitcoin price is not too high, so if they decide to invest in bitcoin, they can see that their money value grows time by time. That will be good news for them, especially for people who bought bitcoin at $3k-$5k because they can sell it now and make a big profit. People now see that they have a new type of investment in the cryptocurrency and they can buy any coins besides bitcoin at the price they want. Maybe if they can buy not just bitcoin, but also buying altcoin, they will see that their investment will increase, especially if the bull run comes.

[carlisle1]

I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

But the thing is Covid won't last that long and also even if This Virus stays long yet People will Not allow government to Lock them down for that Very long hair because if this covid will Kill them, in infection?then they would rather Die than being inside their Houses for very long years.
But of course all crypto  not only Bitcoin in which The option of the people,Because Those  are cheap and Easy to accumulate.

[AniviaBtc]

Based on my observation, this pandemic really brought a huge turning point for bitcoin.

Covid-19 is really a bad thing in most of us and people are struggling on how we will deal with it.

But for most of us, we are just staying at home, unemployed and if you invest in cryptocurrency then you will somehow make profits depending on your manipulation and observations. I know that being unemployed is really hard but you need to make other things profitable for you and it is studying and investing on cryptocurrencies like bitcoin.

[Innerpumper]

I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate  people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her  transactions even when the countries are not in a good state.

That's what I had in mind. Nowadays it is really very difficult to transact even fiat is also suspected to contain the COVID19 virus when in direct contact with people infected with bitcoin makes us able to transact without having to think about the risk of being infected with the COVID19 virus. and sooner or later state regulations will consider this.

[acener]

For me it affected Bitcoin positively because of the lockdown people lost their job and seek for other source of income while they are at home.
For me this pandemic make crypto and online business bloom.

[AicecreaME]

I think it's the other way around, it is Bitcoin who affected us positive because of the pandemic, and will always affect us in a positive way. The pandemic is just the reason why many people was convinced that Bitcoin is real and not a scam, or even a hoax. What happened in 2020 was a stepping stone for Bitcoin to be fully known by everyone of us all over the world because it deserves popularity due to its greatness.

Without Bitcoin, people would still cry over their job, staying in offices for 8 hours having minimum salary and a poor health. Including me, Bitcoin gives me hope every single day, especially in this time where poverty is getting much worse.

[k@suy]

Covid-19 has helped a lot to increase the price of BTC as many of them invested in BTC during lockdown periods so automatically the demand was increased and now it is over the moon also those who were running out of money they sold their assets to buy things for daily needs BTC is absolutely gem it helped many even in tough situations, so probably it could be considered as a positive one.

Despite of global pandemic that we faced right now, take away our almost  a year of normal life, the fear for our health and the health of our family but the only good thing that i guess happened in the middle of this catastrophe was Covid 19 has a good or positive effect in bitcoin. It turns the old traditional mode of payment into digital payment and as what we have observed a lot of investors were now investing in bitcoin which brought a good market value in bitcoin.

[AakZaki]

The pandemic have pushed people to shift from the traditional going to digital because of the existence of the covid-19 pandemic which is advisable that as much as possible to face to face and no physical contact must be done to avoid the further spread of the virus. Almost all thing like jobs and studies have been made online so that life still continues as per the pandemic is still existent on our community. With that, transactions made on fiat or physical manner have been made digitalized through online transaction like banking have been offered online and even transactions have been made digitalized to avoid physical contact.
~snip~

For those who are familiar with new technology (via online) this will not be a problem. But in my opinion there are still many people who use traditional transactions, using traditional money to transact, including in my country. So I think there are two positive and negative impacts of covid-19 for bitcoin. On the positive side, Bitcoin cryptocurrency can support a healthy life during a pandemic because it can be used for online transactions. The negatives In the early days of the pandemic the fundamental effect was very clear that the price went down, but it has come back now even the price of bitcoin has risen again.

[Mr.sprin]

some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.

[Sithara007]

some developed countries use bitcoin as transactions because they are afraid to leave the house because of Covid19 but many countries are forced to leave the house to buy staples, especially food and make a living for families like in my country.

And in which of these countries, it is possible to buy staples and other essential items with Bitcoin? How many supermarkets around the world accept Bitcoin? The only way to purchase these items with Bitcoin right now is to first convert your coins to gift cards (using applications such as Gyft) and then use these gift cards to make payments at the supermarkets and other retail stores.

[Xinarae*]

Covid19 will never be long lasting and its survival will be controlled if discovered. Covid19 has had a positive effect on Bitcoin many people were sitting at home due to the effects of the virus. The way to make money was reduced. Bitcoin investment has helped them to solve their problems and many countries have made it easier to exchange money by adopting bitcoin. This is a great opportunity to make money between their economy and the lockdown. Although the price of everything has gone down, the price of Bitcoin is going up.