Did Covid19 effected bitcoin positive or negative?

[kayvie]

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.

Well, that is true. We can see that even with this pandemic, bitcoin continues to grow and almost reached the price of its previous ATH. There are also more people who started using it to transfer funds as they prefer to do online transactions unlike before where they are comfortable using paper money.

[Lanatsa]

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 .

True but those are late effects yet the market had declined when this pandemic had started or in few first months where it did make some correction but not really that severe
and the market had moving sideways this is why it isn't really that good to rely with this kind of sentiment.

Crypto market doesn't really always reflect on whats currently happening on the world even though it is mainly connected to economic thing
but doesn't mean that it will always correlate.

So in the answer if its giving positive or negative then it would be in neutral since market isn't attached to anything.

[Mejoress]

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.

Of course, bitcoin is one of the winners, but i think we won't see the real earnings until next year (2021)

[Genemind]

We can see the big impact of the pandemic on Bitcoin. The first part of the pandemic caused the market to crash since most people panicked and some were forced to sell their crypto for emergency funds. Cryptocurrency is a good alternative for cash to avoid physical contact and transmission of virus thru fiat.

[Swordsoffreedom]

Covid-19 has definitely had an impact on Bitcoin. in my opinion, it has had both positive and negative effects on Bitcoin. At the first phase of the coronavirus pandemic, the global economy collapsed badly, a lot of people become unemployed, and they had to spend idle time sitting at home.
If we look at last March we can see that the price of bitcoin fell below the 4000 quotas, the negative impact of covid 19 has led to such a fall in the price of Bitcoin.
While a lot of people gave their attention to Bitcoin while in quarantine, many have invested in Bitcoin for passive income because they were jobless. Then, as the world economy began to recover, Bitcoin emerged as a new venture with a large number of new investors and adopted countries.

[jostorres]

The adoption of Bitcoin is going up day by day but it’s not much like the way you have said it.
Yes, there are also so many people that are adopting Bitcoin for transactions, then there are also those that are just buying and buying lots of Bitcoin because of the bull run, they are not a bit interested in whatever else that Bitcoin has to offer, they are just for the bag.

If you ask me whether Bitcoin is gaining much adoption in terms of usage, I wouldn’t say the adoption in that area is much, rather they are just investors. And Bitcoin is not the only payment that is contactless.

[Latviand]

I think this pandemic is the turning point for bitcoin to prevail in the market.

As we are staying at home, unemployed, and minding our assets in the market, bitcoin is really getting much popular right now.

Covid-19 really brings a positive and negative impact to many depending on their life status. Those who look for something profitable online will surely fine bitcoin on the list and if they engaged to it, then this is a good time for them to start and study it. But being straightforward, for me, Covid-19 really helped bitcoin to increase its popularity in the market and community.

[taufik0911]

In my opinion, Covid19 has a positive effect on bitcoin because at this time cash transactions are not recommended and digital payments are more recommended, one of the options is bitcoin
and now also the effect of the pandemic, namely the financial crisis where there will be many people who are looking for the keyword "how to get money online" and there will be a bitcoin option in that keyword and will make many people interested in bitcoin

[oprahwindfury]

Hundred percent it was positive for bitcoin  because more and more people was into bitcoin and  specially for the covid-19,lockdown and safety reasons.As well as this is easy to use and secure so this is heping bitcoin and crypto is helping people as well.

[Tahsin Kabir Kollol]

The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously. Investors, on the other hand, have increased their value and popularity by investing in Bitcoin during this epidemic. During the coronavirus epidemic, people became interested in learning and understanding cryptocurrency through online business and the exchange of goods or services, which led to an awareness of the use of Bitcoin, chose to invest in it as a source of income and encouraged its use.

[ajochems]

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.

The price of bitcoin had the answer for you.Because the price of bitcoin had reached a value of 19k$ again and after 2017.My personal opinion is because of the corona. May be the money take the hidden place as cryptocurrency. It may be cause of sudden increase in bitcoin price over and high maximum.My opinion is Covid influenced the bitcoin positively.

[posi]

The far-reaching covid-19 epidemic has had a positive effect on Bitcoin. Due to the coronavirus epidemic, people have started thinking about using cryptocurrency and as a result, the number of cryptocurrency users is increasing tremendously.

To be sincere, the pandemic crisis affected every business or investment setting not excluding Bitcoin although it indirectly affected Bitcoin through new investors who are affected by economic meltdown/job lost, they are eager to get back their loses and what they are doing is simultaneously cashing out their profit for fiat (this activities ard done most on Paypal) thats the reason why we havent make a new ATH price.

[CarnagexD]

I would say it did not heavily affected bitcoin despite the surge of interest in it during the pandemic crisis. Millions of people lost their jobs and have sought for ways to make ends meet, unfortunately a huge majority of these people don't have liquid assets in them that they can use to purchase cryptos so they are stuck in a loop wanting to get in to the bitcoin train but cannot due to the lack of funds, and this sums up the majority of the people who blew the internet traffic with their bitcoin related searches because let's be honest here, the people who already had the funds to buy crypto or already have their own cryptocurrencies in the first place is not worrying about this.

[BlogIcoReview1]

I would say bitcoin didn't effect covid-19 because Bitcoin covid-19 day by day increasing and many many business person first choices of Bitcoin only way to excellent profit Bitcoin. In the mean time, Bitcoin is the most top 19 best valuable property in the world.

[Robi12]

The existence of Covid or the absence of Covid that is currently pandemic will not have an effect on the price of Bitcoin I guess.  After the Halving Bitcoin always goes up, And this cycle has happened.  Even when a pandemic like this Bitcoin still exists and provides benefits. And Bitcoin has pioneered various digital currencies with the same value as fiat.

Coronavirus is still an epidemic all over the world and I think this epidemic coronavirus has not affected the buying and selling of cryptocurrencies yet and will not fail because this epidemic corona virus has nothing to do with this cryptocurrency when the price of cryptocurrency will fall  No one will be able to say it will increase because cryptocurrency moves at its own pace

[aysha9853]

I disagree with Covid19 and it will continue for the next 5 years and have a lockdown effect, world pharmacies have also discovered the Covid19 vaccine and it has been circulating in various countries, I don't think it will continue to Covid19 and I hope I will never experience something like that again, bitcoin has Covid19 or not, will still follow its positive trends if large companies continue to enter it until governments in various countries recognize it

[Travel Standard]

I think  bitcoin was impacted positive by COVID19. As far as i know that friends and also me started our business through bitcoin because of COV-19. This was a chance to step up by buying cryptocurrency specially bitcoin. Because offices are stopped, colleges and real world market has been closed down. The only way we can invest is bitcoin buying. Because order is stay at home.

[The cure]

We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.

[Nellayar]

We all noticed that covid-19 feedback has been positive on cryptocurrency especially on Bitcoin. Many users are increased due to the demand of online transactions and alternative ways of earning, others got an interest on trading and saw the potential earnings to it after they lost their jobs because of pandemic and starting to enter to crypto space.

LoL. It is not 100% the reason why bitcoin goes up. The correlation of covid 19 in bitcoin seem to be far since there are many alternative ways to earn online not just in cryptocurrency. However, there is also a chance that people see bitcoin as earning and turn their eyes in trading. But I don't think that covid 19 brings positive in btc because the economy really affected. And gold as well as dollars goes down that made btc declined lasts quarter of the year. I believe what paypal announced is the main factor affect the current btc price.

[Banulit]

Seeing how bitcoin still manages to maintain a very positive trend/graph amidst of pandemic is a good indication that covid-19 even really messed up the whole world still have positive contribution most especially to the crypto-world. One big contribution of this covid to the cryptoworld and most especially to bitcoin is many people acknowledge and now using bitcoin and crypto as mode of payment and transaction knowing that online transaction is mostly being used recently due to pandemic period.