Bitcoin vs covid 19?

[MusaMohamed]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

Covid 19 is a pandemic and it is bad for the world, from enonomic to social aspects. However, it is not correct if you say the pandemic, its beginning or ending will affect bitcoin. What do affect bitcoin is massive QEs over the world. Quantiative Easings from many governments only demonstrate how the central-bank-based economies are broken. They only look good when governments successfully hide the fact of their rotten economies.

The pandemic force them to do more and huge QEs, that make investors lost their faith in fiat and traditional economies. Gold and bitcoin are their favorite alternatives and bitcoin outperform gold.

Vaccines, end of the pandemic won't change it. You can see many governments are discussing and planning for more QEs even vaccines are there and in process of distributions.

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[shane_gr]

I think bitcoin will fall after the end of the corona virus, because a lot of people are now looking at bitcoin as a safe haven for their own money
and if a vaccine is made, a lot of people will be out of the market.

yes, I agree with you by assuming that this pandemic has no effect on market prices, in this pandemic, bitcoin is actually bullish, this proves that the pandemic has no impact on bitcoin. During the pandemic, activity restrictions have been implemented, is this the moment investors use  to invest in bitcoin so that bitcoin is bullish?

Didn't this epidemic affect the price of bitcoin? I disagree with you and we all know that bitcoin was affected by the virus and after a few weeks of being affected by this virus, it was able to start its price jump, and this in my opinion Impact on bitcoin, right?

[moderator's note: consecutive posts merged]

[mbe48]

In my opinion, this is an interesting moment because even the COVID-19 outbreak and the global economic recession continue to drive up the price of bitcoin. Bitcoin has proven to be a safe haven asset. At the start of the corona pandemic up to this year, prices actually went up. On the other hand, other investment products cannot stand being exposed to COVID-19. Blockchain can play an important role in accelerating post-crisis digital transformation initiatives and solving problems highlighted in today's systems.

[Trinx01]

Way back march 2020 when the price of bitcoin goes down too fast when the pandemic has started spreading all around the world, a lot of investors sold their bitcoin because of some reason but then the price recovered again as the post halving happens and some countries have bought a huge amount of bitcoin and that happened during the pandemic. Bitcoin has already built the trust of many people so I don't think that it will change once the vaccine has been distributed in many countries.

[bryant.coleman]

In my opinion, this is an interesting moment because even the COVID-19 outbreak and the global economic recession continue to drive up the price of bitcoin. Bitcoin has proven to be a safe haven asset. At the start of the corona pandemic up to this year, prices actually went up. On the other hand, other investment products cannot stand being exposed to COVID-19. Blockchain can play an important role in accelerating post-crisis digital transformation initiatives and solving problems highlighted in today's systems.

I will be wrong to say that the other investment assets performed poorly. Stock market has gone up when compared to the pre-pandemic levels. And at least in my area, the real estate market has gone up as well. So you can't say that apart from cryptocurrency, the other sectors are down. Stimulus and inflation is leaving people with surplus cash and actually pushing the commodity prices upwards. That may be one of the reasons.

[xiboothrezi]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

What is clear, we must be grateful that a vaccine has been found, I really hope we can return to our "normal" activities. Imho, the existence of this pandemic has no direct effect on the bitcoin market, what is more influential are the policies of influential countries such as the US in relation to banks and cryptocurrencies.
Today, many people are aware that bitcoin is one of the most profitable investment tools, which is why its demand is increasing rapidly. In addition, many well-known companies such as Paypal are starting to add cryptocurrency to their ecosystem, making this even more popular.

[sapnu]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

Even after having the vaccines released to public and regardless on how many variation of it were produced, the continuous increase of the cases all over the world is still evident which was caused by the new variants of the virus showing up all of a sudden. The value of bitcoin became bullish during the pandemic but that doesn't necessarily mean that it was that caused it. There are a lot of factors that affected the sudden bull run of bitcoin, it can be because of being recognized more all over the world or maybe because of the huge company like Tesla choosing it. Maybe it will have an effect on bitcoin if ever the pandemic cease to exist but I don't think it would be that much.

[capcaypro]

I think this will not have a big impact or even have no effect at all between the covide vaccine with bitcoin.
because I am not at all sure that the existence of a vaccine will make the economy stabilize again, it could even worsen because there are irresponsible people who misuse vaccines to become the object of buying and selling.
and also in fact, if you look at it now, bitcoin is actually not too affected by the pandemic because for this month the pandemic is still running and the price of bitcoin is getting even crazier. this is just my opinion please rebut if something goes wrong

[Mamun74]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

Covid-19?Covid 19 vaccine will it affect bitcoin?  Not! I think  It's not possible. Coz Covid 19 Vaccine is one thing and Bitcoin is another. I think Both are not connecting between Covid 19 vaccine and Bitcoin. So bitcoin price will continue to rise.

[Dannaey]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

I don't think there's an impact at all because it's already resisted even vaccines aren't available yet.

It already proves in the mid-year of 2020 that it doesn't affect the bitcoin.

The price value of bitcoin keeps resisting and look what happened now, a new bitcoin ATH has been recorded in the history of cryptocurrency.

When COVID hits the world, we experienced a sudden crash in the market. But after a couple of months even without vaccine ready, Bitcoin has recovered drastically high. So it means that Bitcoin was able to overcome the negative impact of COVID-19 and Bitcoin is playing very well right now.

People continue to earn due to cryptocurrency even if we are still in the middle of a crisis.

[Hamphser]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

I don't think there's an impact at all because it's already resisted even vaccines aren't available yet.

It already proves in the mid-year of 2020 that it doesn't affect the bitcoin.

The price value of bitcoin keeps resisting and look what happened now, a new bitcoin ATH has been recorded in the history of cryptocurrency.

When COVID hits the world, we experienced a sudden crash in the market. But after a couple of months even without vaccine ready, Bitcoin has recovered drastically high. So it means that Bitcoin was able to overcome the negative impact of COVID-19 and Bitcoin is playing very well right now.

People continue to earn due to cryptocurrency even if we are still in the middle of a crisis.

Is that crash actually pertained about covid incident? For sure the fuds circling around is the cause about economic declines or some sort but honestly i dont see for it to be connected at all

and i dont know why people do always correlate external events with the bitcoins price or in the entire market. I wont say that news and events are irrelevant but

this market isnt really mainly affected with those events thats why basing off with fundamentals is a bit non reliable from time to time.

[Zemomtum]

In fact, the pandemic caused by COVID-19 where everybody was totally locked inside was what exposed BTC globally. This is when BTC took off as it serves as a safe haven then and many get to know about it. To me, the vaccine will have no effect on the price since we are in the bull run which is not bowing down anytime soon

[AverageGlabella]

Covid 19 cannot directly effect Bitcoin's price all on its own. Covid has encouraged a lot of people to invest in the currency out of desperation this is probably true but it has not boosted the price of Bitcoin by itself. There have been a number of different things which have happened over the last year or two that have effected the Bitcoin price. Elon Musk announced that Tesla will not just be investing in Bitcoin but will be allowing you to purchase cars in the future. I would not be surprised if this extends to space orbit rockets in the future.

Bitcoin is being talked about more and more every day from social media infulencers to mainstream sports people. This is what has caused the Bitcoin surge more than anything else. People are talking about Bitcoin and are causing a buzz around it. This in combination with people showing interest and investing has caused the latest surge but this does not mean its a bubble. I would say this has caused the opposite and has now convinced people that Bitcoin is not only legitimate but the most successful people in the world are investing it in and making money but also those that are not famous have invested in it and have made money.

Covid might have a small effect on the short term price but I do not think so as you would probably expect Covid to have a negative effect on Bitcoin because of the lack of investment money people have but that did not turn out true.

In fact, the pandemic caused by COVID-19 where everybody was totally locked inside was what exposed BTC globally. This is when BTC took off as it serves as a safe haven then and many get to know about it. To me, the vaccine will have no effect on the price since we are in the bull run which is not bowing down anytime soon

I do not think that people being inside more during this time increased their chances of discovering Bitcoin or caused them to talk about Bitcoin more but I do think that the celebrities that were talking about it reached more ears than it normally would because more people had time. It is not because of Covid directly but indirectly it was a factor in getting those ears to listen.

[iTradeChips]

In my opinion, I really don't think that the pandemic nor the vaccines being distributed will make a difference in the price of Bitcoin. We might be able to see a correction in a few months once the bull period is over and the correction might be not that bad at all but of course this will force many of the new players to wait for a long time, like the old ones waiting for 10 years before they were able to make very good profits on crypto.

[Sithara007]

In my opinion, I really don't think that the pandemic nor the vaccines being distributed will make a difference in the price of Bitcoin. We might be able to see a correction in a few months once the bull period is over and the correction might be not that bad at all but of course this will force many of the new players to wait for a long time, like the old ones waiting for 10 years before they were able to make very good profits on crypto.

A correction needs to happen, after such a prolonged bull run. But the question is at which point it is going to happen. It can happen at 60K. Or it can happen after Bitcoin hits a price of $100,000. Or it may happen after $300,000. The simple fact is that correction will not occur as long as increasing number of users are accumulating the coins due to the FOMO sentiment. Even if a correction occurs sometime soon, it is going to be a short term phenomenon.

[kuldipgajjar]

I think, since the coronavirus outbreak, the correlation between Bitcoin and the equities market has increased. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 after the S&P Index in the USA saw a sharp decrease. The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere.

[Sanugarid]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

I don't think covid 19 has a significant effect on bitcoin price since BTC is not directly connected to the economy of a country. Maybe launching of covid vaccines in different countries will help on the recovery of their economy since many businesses will operate when infected cases dropped. Covid vaccines don't have a direct effect on BTC prices since market value is determine based on the law of supply and demand.

[bryant.coleman]

I think, since the coronavirus outbreak, the correlation between Bitcoin and the equities market has increased. For instance, on the 12th of March, the price of Bitcoin fell below $4,000 after the S&P Index in the USA saw a sharp decrease. The reason for this was because there was a sudden flight to liquidity, and so, a lot of investors had margin calls in Equity that had to be covered by liquidating other assets like Bitcoins into cash - to meet those margin calls elsewhere.

This is exactly opposite of what some of the users were claiming earlier. I have seen a number of threads here claiming that Bitcoin prices will go up whenever there is a stock market crash. But from what I have seen in reality, it is just the opposite case. Most of the cryptocurrency bull runs occur when the stock markets are also in good health. Even now, it is the same. After a crash during April-May, the stock markets have recovered very quickly and now the market indices are even higher than what we had before the pandemic.

[Shasha80]

In my view, the COVID-19 pandemic has a positive impact on Bitcoin, because many people are starting to be interested in investing in Bitcoin now.
Assuming Bitcoin can be a source of income in the current pandemic situation, therefore the current Bitcoin price continues to rise. Compared to
other assets, Bitcoin has the best performance, finally making several institutions start buying Bitcoin this year. Because it considers Bitcoin holding
in the long run to be able to provide promising profits.

[Innerpumper]

I think it will be the same. If there is news that the world is completely free from covid only with vaccines it is just fake news, it seems. Covid is very strong, even we have been living life with covid in the last 2 years.