Did Covid19 effected bitcoin positive or negative?

[Prince Malik]

The logic think is that covid must effected bitcoin negativly because many people around the world have some economic isseus so they must sell bitcoin to manage the periode of this pandemic but this thing didnt happen

[hahay]

If Covid continues for 5 years then war will occur because there is no balance in the economy and Bitcoin will not really be looked at because of the paralysis of the internet. So far the price of bitcoin during the Covid period can be seen that even that is fine, or accidentally and simultaneously the Bitcoin trend itself is in a good situation because of the previous halving. So, I'm not sure if Covid is really affecting the price of Bitcoin to continue to improve or it's because of the effect of the previous halving, because it was projected that the price would hit its new ATH but it was a surprise because it can survive chaotic situations, so the conclusion is that Covid doesn't affect Bitcoin.

[dizzy1996]

As for me, Covid-19 had a completely positive effect on the price of Bitcoin, since Covid-19, too, many large companies suffer colossal losses, jobs are lost, production turnover is falling, and much more, Bitcoin does not lose anything since it is a virtual currency and there are no those factors that can now lower its rate, and many large companies, realizing that it is necessary to recover their losses, invest in cryptocurrency

[Gotumoot]

It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.

[pankowri]

In the current times, just see the price of Bitcoin and it already hit its ATH value, and still Covid-19 is running. Covid-19 is effective for Bitcoin in many ways and I will try to highlight below with relate to people also,

-- People involved more than before in this time and the demand
   getss increased for that.
-- People in nowadays can't properly work from in front and they
   can work in online easily staying at home.
-- For Covid-19, cryptocurrency is used to trade, buy/sell and
   doing transactions

It can be said Covid-19 is not blessings for us but it is effective in many ways for Bitcoin.

[thesmallgod]

The pandemic have positive influence on the price of bitcoin. I think a lot of people by staying at home due to lockdown makes them to spend much time on how to earn online and also a drifting examination of what cryptocurrency is and we can actually established this by the news of people using their stimulus package to invest in bitcoin which actually bring about sudden rise in the price of bitcoin. Also, the spending power of bitcoin become a mainstream discussion as people believe the use of digital currencies instead of fiat will help curb the spread of the virus. I could remembered bitcoin trended on social media such as twitter for many times during this lockdown which is a great indication that people started paying attention to the digital currency often and often, prior to the covid19 lockdown

[milani]

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.

From one side the situation with Covid-19 and all those limitations brought a lot of inconvenience and losses, from another side it made lots of directions and services that are working more widely, more ways and methods of making money and developing, new ways of communication and forms for cooperations that nowadays are so demanded and used. But I would not want to accept that the situation with Covid will be really not for a year or two, but the fact is that it will be more likely so. And lots of things will never be the same like in our previous lives, and governments understand, that digital world will be more and more spread and accepted. I am afraid that their strong desire  and attempts to regulate digital world will be rising along with the popularity of Bitcoin and crypto more and more.

[Ridwan Fauzi]

As you can see until now, the price of bitcoin is increasing more than we expect. At that time I just thought that bitcoin will dump a lot and pass it all time high in 2019 but the dump can in march just for a while its price just always increasing until now. But the halving event factor is also give a big growth and encourage many people to invest in bitcoin beside gold.

We can't deny that when the corona virus came had given a positive effect for crypto currency especially bitcoin. We can now and many people now think that bitcoin is being considered as a safe haven place to store money. Also, new adoption came from paypal who accept bitcoin in their service it means the step for mass adoption is widely open in the next year, yeah I hope in 2021 I will see many companies who accept bitcoin and promoting until many people who it.

[TopT3ns]

It effected positively not just Bitcoin but all digital business as well.
Here in my country the online shopping in and online delivery has bloom because of Covid-19.
It has been making our world move forward into a cashless society.

Judging from the conditions where exchanges are currently increasing, I think this virus can have a good impact on the increase in bitcoin prices, but the problem is whether in the next few years every increase in bitcoin prices is marked by a virus disaster? It shouldn't be like that, so even though bitcoin has benefited a lot from this catastrophe, there are still a lot of negative impacts.

[lifeforcepools]

Wow! You thought really wide to come up with this idea. But most people get their money which they invest into bitcoin from physical jobs they do. So people would start to have fewer bitcoin instead of increased bitcoin.

This is an interesting idea, but haven't many other areas that have switched to remote work increased the time available to them for crypto trading?

[Obi theo]

In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.

[Debonaire217]

With the recent news about Covid and Bitcoin, it seems like there are really no negative effects that Covid has done to Bitcoin because of the bullish trend as of now. But before, many people have adjusted and perhaps, lost their jobs due to the pandemic, it has affected mostly the financial aspect of our living especially our economy. With that, more people tend to pursue various online transactions and perhaps, found out Bitcoin as a great tool for transacting freely. I have mentioned the negative implication of Covid to Bitcoin and specifically for me, Covid made people budget their funds tightly resulting in long term holders to sell their Bitcoins. It is negative in the sense that if the holders still have most of their BTC's, they should've sold better on this market price which is comparatively way profitable than the early quarter of the year.

[concept2]

Bitcoin was first affected negatively by Covid19. When the pandemic first spreaded, the financial system crash hard, and bitcoin could not escape from the shadow

However, pandemic also opens a gate for the digital era since people have to work on the internet more often due to the quarantine. Then, they realized that buying bitcoin is one of the best way to save their money from the pandemic, as well as the central banks and the finaicial system. They dont want to become a part of the centralization

[jeniferqueen0409]

In my personal view, the Covid-19 pandemic happened, affecting almost all industries in the world. However, I do see that only the crypto market is doing well with Bitcoin playing a major role, when the transaction happens, people tend to transact over the internet and the technology to buy or sell or shop with Bitcoin has a positive effect on Bitcoin and I think Bitcoin in Covid-19 will be number one in terms of security over other transactions.

[Vaskiy]

I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace. In my understanding I don't relate covid-19 with the growth of bitcoin. Even if there is no covid-19 the same pattern of growth could've taken place.

[DarkDays]

I find crypto market to be independent, and thats the reason it hasn't got a big impact because of covid-19. The market is reactive to all forms of speculation and statements putforth by leading personalities of the cryptospace.

Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read  as you can always relate to how you think might react in your investments.

And just by looking at how BTC has performed since the pandemic we can see that not much has happened, if anything you could count this current bull market, showing the opposite of what was expected. By comparison institutional banks and every other business has suffered a lot, and this extends a little to stocks and shares but not so much to crypto.

[7788bitcoin]

Totally! The crypto market is sitting somewhat independent from covid or other world related issues. Sure investment sentiment will change on any of these factors but that's the same with any news you'll read  as you can always relate to how you think might react in your investments.

You can even think that the COVID had a positive impact on the bitcoin and cryptocurrency market as a whole because the bitcoin market has risen to new levels and so does some of the top alts in the market and it might be because the financial system globally might see a recession and all the huge investors think that the cryptocurrency market can be used as an escape point and it is all because of the pandemic .

[shata]

Covid has not affected Bitcoin and cryptocurrency in general but the whole financial market.

Bitcoin's positive effect from Covid is that Bitcoin was tagged as a possible safe haven for a pandemic and economic crisis like this happened in 2020. In 2020 alone, Bitcoin price pumped up from approximately 3,000+ to this December almost 20,000. More institutions have finally eyed and chosen Bitcoin as part of their portfolios as hedge for FIAT. More people tend to appreciate bitcoin and the cryptocurrency as a new way of money especially in this pandemic because physical cash can transfer the virus from one people to the other.

On the other hand, COVID-19 affected Bitcoin negatively only when it was in the 1st quarterly in the year when Bitcoin price dumped very hard with other finanicaassets to like gold, crude oil, even the forex market.

[CaVO32]

In my opinion, I would say covid19 , really brought out the effectiveness and one of the true reasons of bitcoin, it was during this period some people got more knowledge about it, so I would say it affect it postively,
If only it was accepted in various food items and other services,it would have pump to a high price than it's.

During this crisis, a lot of people have their time to study more about cryptocurrency because they were stuck at their homes. And for searching another alternative to physical cash, a lot of them encounter the use of crypto. Though at first wave of covid, it affected crypto negatively but not long, it recovers again. And look at where we are right now, reaching again a new ATH. And with positive news coming from big companies like PayPal and Grayscale, who are continuously buying btc, people are now starting to realize that crypto is not a fraud at all. A lot of people are having that kind of perspective towards crypto. So in general, this pandemic brought a lot of positive impact to crypto and we are seeing it now in the market.

[Chris Barth]

I think it affected bitcoin in a positive way. When people couldn't go out and interact with others, bitcoin being a digital currency was quite showing off itself. People got to know bitcoin, and also, its capabilities.