Did Covid19 effected bitcoin positive or negative?

[CryptopreneurBrainboss]

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.

The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.

If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.

[ILuckyGuyI]

It doesn't seem like covid-19 affected Bitcoin in a negative way. Bitcoin price has reached ath and it looks like it will continue going higher than now. I don't know the reason of this pump but I believe it is not related to covid-19.

[cabron]

When countries started disinfecting their bank notes all because it tend to be one of the virus carrier, they begin to also adjust to becoming cashless. This tend to put digital payment systems to be an option but certainly some are looking into digital currencies.  And then whenever there is a discussion of digital money, its always going to be BTC that will comeup.

Its due to covid19 that we fastforward the adoption of digital currencies including cryptocurrencies as well. I'm certain its affecting positively.

[Luzin]

It doesn't seem like covid-19 affected Bitcoin in a negative way.

I agree with you, I think at the moment there is almost no negative impact. Even though the price is very volatile that's what I use to make money. With trading I don't have to go out of the house to meet lots of people to make money. This activity really supports a healthy life during the Covid-19 pandemic.

[Argoo]

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.

The government aren't that foolish to just seat down and watch all their efforts in controling our lifes (finance) go down the drain just because of a pandemic that have been studied and found out not to be as deadly as we thought. They'll definitely fight back and it could be in a form of introducing their own digital currency.

If the pandemic is to continue, the abstances will be from physical money and not fiats entirely therefore a digiat fiat would become a norm as all county will work towards developing their very own. The aspect that cryptocurrencies would benefit will be in regards to assets as they'll obviously be on the top of most preferable ane profitable investments.

Well, I completely agree with your opinion.  People during the coronavirus pandemic will more use non-cash forms of payment as a means of payment.  Cryptocurrency is still very weakly used directly as a means of payment due to the lack of an appropriate infrastructure for this.  In return, governments will indeed issue their national digitized central bank currencies as another form of cashless settlement.
 The coronavirus pandemic is affecting cryptocurrency ambiguously.  At the initial stage, it sharply lowered prices in the cryptocurrency market, but then it positively and diversified affects both the price of the cryptocurrency and the demand for it.

[Silberman]

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 coronavirus had the effect on bitcoin that I thought it would at first when everyone was worried about this new virus, this caused a crash on the price as everyone wanted to have cash in hand in the case it was necessary, once people realized that it was not as bad as they thought but still bad enough the price went up and we hit a new ATH yesterday and this happened because people are finally realizing that the governments are going to fail to fulfil their promises once an economic crisis comes caused by their money printing activities.

[mezzaluna]

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.

It is possible for the spread of Corona Virus continue to spread for the following years but we really cannot determine its relation to Bitcoin. Bitcoin is still usable as a currency and its current rise is not even related to the virus. As long as people keep using Bitcoin, it will not lose its value. Seeing some improvements to the vaccine for the virus really helps a lot of people and lets just hope that this will keep people sane so that they will still learn something new like Bitcoin so I guess its effect is positive in some way.

[dupee419]

The pandemic didn't really affect Bitcoin negatively, it actually became a much bigger influence for people to try out the technology of Blockchain and decide to use Bitcoin and probably buy it, unlike real currency, cryptocurrencies weren't even bothered as people are using Bitcoin and other cryptocurrencies to settle payments and sell, as far as I even know, I do think there's a huge increase of people that has started to take trading since the price of BTC gradually went up during this pandemic, it definitely gave Bitcoin the opportunity to take advantage from our current situation.

[gregy45]

China is one of the major players in the cryptocurrency market, the country's strict administrative system, the imperative to solve any problems. The coronavirus is not in a single province of China, it is a risk to economic security.

If the epidemic gets out of control, the consequences could be most severe, given the high level of corporate defaults. The regulator will have to introduce strict measures, restrictions not only on the movement of people but also on capital.

Therefore, Bitcoin, which has gone from a repository on the site to amass technology for cross-border movement of capital, can get hundreds of millions of new users who simply physically restrict transactions with Fiat currencies. Not to mention the fact that mining farms may stop: the complexity of the network will fall, which will be used by other countries.

If we talk about the impact of inter-market relationships of assets, one of the main drivers for Bitcoin is the price of gold and the exchange rate of the Chinese yuan, the correlation of prices with which is obvious. If the coronavirus epidemic forces a state of emergency in the country, it can be assumed that against this background there will be interruptions in gold production, which will lead to an increase in prices for the precious metal. For the same reason, the exchange rate of the Chinese yuan will begin to weaken, which, as in the spring and summer of 2019, may lead to an increase in the price of Bitcoin (then the correlation was quite high).
It seems to me that in this matter of forecasting, it is very important to be able to combine a number of factors together. Personally, I work together with my reliable partner Roust Semy. His extensive experience in the field of cryptocurrencies helps to avoid risks even in such difficult situations.

[Wapfika]

No doubts the pandemic affected bitcoin in a good way, it gave it more popularity and just as you said people were afraid of contacting covid-19 and touching cash was an easy way to get infected, so they looked to cryptocurrency as the solution, cause it's not like the paper money which we can feel or touch, bitcoin is a digital currency so there's no way covid-19 can be transferred through it,so I think we can all agree that covid-19 affected bitcoin positively.

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. However there are few who became curious during lockdown on how they will able to earn thru crypto, it still give a positive effect as we can see that even it first let the market down when different countries announce lockdown but it was able to recover fast since adoption took place by many.

[sort_cirkit]

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. 

However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.

[Oilacris]

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.

We are now into the situation where vaccine is almost there so this kind of presumption is already been on the lit side or even if this pandemic continues i dont really

think off that there would be a time that bitcoin would really be come the main currency just because fiat is one of the mediums on transferring the virus and to know that

e-banking or e-fiat had already been a while so most likely people would really be ending up on that option and also im not really a fan on connecting real life events to this crypto market specially with Bitcoin.

[Traderbtcc]

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.

Indeed during the pandemic bitcoin became more precious and used around the world, as it served as a safe medium of exchange since handling of fiat was no longer safe, this pandemic gave bitcoin more popularity and has helped it caught the attention of some billionaires around the world, and most of them have finally seen the beauty of bitcoin and has decided to invest in it,  no doubt if the lock down continues (which I don't what it to cause I'm tired) I think we will still continue using bitcoin as a medium of exchange in other not to get infected with covid-19 from cash.

[chanler]

I don't know what happens to the world exactly during this pandemic regarding the crypto world. But in fact, many people around me are now willing to be in the crypto world. many people are willing to buy and learn trading Bitcoin and also other cryptocurrencies. They really think that the crypto asset is something unique where it is not influenced negatively by this pandemic. We can still work and get or earn money from it. But I see that there is something missing there. They only focus on crypto because of earning more money and also getting profits. I wonder will they also consider the risks? Or they do not know about the risks?

But exactly, in the global exchanges and market, we can also see many institutions, big industries, and also big companies also focus on crypto right now by putting their funds there.

[MCobian]

I am among those who believe that COVID-19 has a positive effect on Bitcoin. I say that because I saw Bitcoin's very good
performance in a pandemic situation, even the Bitcoin price immediately returned to the ATH price. Maybe many people are
starting to realize the advantages of Bitcoin over other assets, it could also because Bitcoin does help improve the economy of
some people in the current situation.

[Maestro75]

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.

It may be because people were locked down and prevented from going to banks that makes Bitcoin have great run this year. You can remember that before the lockdown became severe early 2020 bitcoin price was very poor and around $3000. Therefore we can say that the Covid19 pandemic is a positive one for Bitcoin. If for nothing else I can say that I wish the lockdown continues. I know alot of people will not like this comment.

[#dhabitamartha]

bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.

[fishbonez11]

bitcoin is being looked at by investment and many people because bitcoin will soar when there is covid, bitcoin is being used by many people when they are at home and this is very comfortable for people without seeing the crowd so it will explode if it will continue like this maybe the next 5 years bitcoin would be great. now bitcoin is up to 18,629.00 United States Dollars and will probably bounce again.

Since most people are online now due to covid, we are seeing more people getting interested on how to earn online. Bitcoin now is attached to investment. Its true many have been interested to Bitcoin but there are also people who unfortunately scammed not by bitcoin but by schemes using the name of Bitcoin.

Since the quarantine have begun, the crime rate for scams have tremendously increase. Scammer take advantage of the rising price of bitcoin to scam people. Many HYIPS and investment schemes now are using cryptocurrency to give an impression that it is legit. This kind activity will cause damage to the image of bitcoin.

[satonako]

In my opinion covid and lockdown+stimulus checks effected indirectly positive on bitcoin. People who stayed at home and had more time to receive more information about crypto started investing and trading bitcoin, some people hedged against inflation due to covid caused fiat devaluation and closed businesses.

[CODE200]

Mobile banking and mobile wallet fiat offering were become a thread during Pandemic up to now only few use crypto as a way of doing transactions  here in my country. 

However, mobile banking and mobile wallet transactions are not able to meet all the needs. Here one has to pay high fees and is unable to pay large prices transaction. With Bitcoin, it is possible to make large transactions in a short time without touching money. There is no risk of spreading the virus and can be used as a banker. Willingly or unwillingly, countries are showing increasing interest in using bitcoin day by day.

Yes. And as this pandemic continues, more people will be aware about the advantage of bitcoin compared to fiat and other cashless payments like atm cards and visa. Although covid 19 brings our country's economy down, but its effect towards bitcoin and other cryptos i think becomes positive though. This pandemic has even made the world of crypto reachable for the people and all those who seem interested in it.

Just to point out something, how come will people be aware of the advantages of Bitcoin in some countries wherein this technology is not widely used? In my country, only few businesses do recognize the use of this technology as a medium but it is more popular during this pandemic simply because many people are holding with the idea of "easy profit" from investing into it. That's I think what encourages more people towards this technology and not mainly its advantages as a digital currency.