Bitcoin after the pandemic

[Silberman]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

Are governments going to burn all of that money they printed? If the answer is no then the price of bitcoin most likely it is going to remain where it is, there is no turning back, the governments took a decision from where there is no return, and I think that smart people are understanding this which is why so much money came to bitcoin so quickly, people are preparing for the day in which the economy will go out of control and they will need to use bitcoin in order to save themselves from such chaos.

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[bussybuddy]

Is bitcoin good at the moment? I think that's right, after the pandemic perhaps many people, or countries, will re-raise the issue of the importance of bitcoin to the economy. The pandemic is rebuilding for a better future, all the dread is over, and I think we are heading to the era of technology.

[oleg8791]

Theoretically Bitcoin is the perfect solution for the inflation problem, in fact, the pandemic showed Bitcoin is still far from being the world currency.

[Koro-Sensei]

Pandemic helped Bitcoin due to economic crisis that we all are experiencing right now. People saw the importance of having this technology where they can have transactions online and we already seeing some big countries printing so much money taht could lead to inflation rate being high. I believe many more would adopt and probably be entering up this new technology.

[bakasabo]

I personally dont think that after pandemic, attitude towards bitcoin will be changed, as well as its development, adoption. Still too many people are dependable from fiat, and for most bitcoin is no safe heaven. Topic started mentioned printing money and made parallels to economy being in its down. But how then Bitcoin saved economy? Why bitcoin is a safe heaven? Because its price went up? Why not take then January-March 2020? Same pandemic situation and bitcoins price dropped to 4k. Was it a safe heaven back then?

[MUHAMMAD NUR AMANAH]

After the pandemic I feel it will end somehow I myself still doubt when this situation will be as normal as it used to be, bitcoin after the pandemic I feel will not affect its ebb or even be better than ever, even if the pandemic has been an unfavorable circumstance for all people in any way, especially in the economic field it is clearly seen that economies are plaguing almost the world but not Affecting the market prices of bitcoins and proving that now there are more and more people who want to invest in bitcoins, and that is clearly what makes it tick, and my hope that the pandemic will soon be over and that it will be unaffected by the current corona virus pandemic

[satsmainman]

I personally dont think that after pandemic, attitude towards bitcoin will be changed, as well as its development, adoption. Still too many people are dependable from fiat, and for most bitcoin is no safe heaven. Topic started mentioned printing money and made parallels to economy being in its down. But how then Bitcoin saved economy? Why bitcoin is a safe heaven? Because its price went up? Why not take then January-March 2020? Same pandemic situation and bitcoins price dropped to 4k. Was it a safe heaven back then?

Yeah, i would also like to detach BTCs value from the pandemic because clearly in the early days of the pandemic, BTC was still heavily dumped. My understanding is that the rate of BTC penetration among the populace is still very very low, so except if the government around the world can undo their mistakes from several decades that have contributed hugely to their poor economies, as long as the awareness on BTC keeps penetrating, its value will only keep surging high and higher.

[tygeade]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

The pandemic never helped Bitcoin, it only emphasized the value of cryptocurrencies and how useful they can be for digital transactions. People realized that moving forward why the use of cryptocurrencies is more viable which then helped the price eventually.

More projects are now being made on blockchain technology which also brings focus to the cryptocurrencies as well. Guys like Elon Musk are also pumping doge coins which might be rubbish but shows that they are interested in the crypto market and even manipulating them to an extent.

Overall now that the pandemic is almost over, I think we moved 10 years ahead of where we were in terms of digitalization as compared to before the pandemic, and hence the focus has shifted towards cryptocurrencies and blockchain technology.

[michellee]

Is bitcoin good at the moment? I think that's right, after the pandemic perhaps many people, or countries, will re-raise the issue of the importance of bitcoin to the economy. The pandemic is rebuilding for a better future, all the dread is over, and I think we are heading to the era of technology.

Yes, bitcoin is good because, at least, we can still earn money from bitcoin in many ways. When people do not have a job, they will search for other jobs to give them money to survive. Bitcoin gives them hope to make money, especially if they want to get involved in the bitcoin world. Maybe they need the courage to use bitcoin, so they will know how bitcoin can give benefits to them. When the pandemic is ended, they will have money and they can still survive.

[skarais]

Meanwhile, Covid-19 is not over yet and will likely continue to exist with new name and strain. Almost all the health worker in my country have received the vaccine but I am sure the virus will remain because people have not received the vaccine.

As far as I can see, bitcoin has had a positive impact as long as covid hits the world. Had experienced a massive decline but recovered again until ATH was reached. Bitcoin and altcoin investor and trader have made huge profit during the bull market, bitcoin and altcoin have provided them with tremendous benefit and to be grateful. After this, bitcoin naturally continued to gain interest from institutional investor and increased adoption. This is good news for the growing trust and awareness of the wider community toward the freedom to manage their finance without a bank.

[Yatsan]

Lets us just say that the pandemic help people realize and recognize the importance of getting into Bitcoin as well as into the cryptocurrency market after the crash that happen in the stock market all due to the negative effect of the pandemic in the economy of each and every country affected by the scenario. We are still into the pandemic and we are seeing such a great improvement happening into Bitcoin and other existing cryptocurrencies in the market and if ever this pandemic will turn out to be ended, surely people would still be into crypto for they have already been familiar and experience the benefits Bitcoin can provide to them.

[Negotiation]

The epidemic had a devastating effect on the country's economy with the country's economy declining per capita income people are living in many crises but there is no negative impact on bitcoin. The demand for bitcoin has increased due to the epidemic and crypto has improved a lot in the online world despite the economic downturn in the market the rise in the price of bitcoin has helped people overcome the crisis.

[btc78]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

Totally agreed that your country is in Big debt not just from last year but for the alst couple of years, Printing Paper money is not the solution i believe.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

The effect is like a Domino mate , people that learn the crypto is now spreading their Discoveries about cryptocurrencies , very specifically in Bitcoin in which like what you mentioned they are now Keeping the coins.

While they are keeping the funds , they are also encouraging others to invest and use bitcoin , so in the long run widespreading will constantly happen.

[shoreno]

we already have a btc before the pademic began and we have good and bad times so maybe the old life that we have before are going to repeat ? fine i have no problems or complains to that infact i like the simplicity that we have before .

less issue , less scams , uhm and maybe lesser btc price ? but not the extent that it wasnt really profitable but theres always a way that the price can be worked out without the help of pandemic

[sana54210]

The epidemic had a devastating effect on the country's economy with the country's economy declining per capita income people are living in many crises but there is no negative impact on bitcoin. The demand for bitcoin has increased due to the epidemic and crypto has improved a lot in the online world despite the economic downturn in the market the rise in the price of bitcoin has helped people overcome the crisis.

It is not epidemic, it is pandemic, there is a difference there, if it was epidemic we could have survived this a lot easier . There is also another terrible thing about this, rich people got richer during this period whereas millions of people are unemployed and doing horrible. Think about a situation where Jeff Bezos made nearly 100 billion dollars in stock profits whereas there are people who are starving to death right now on the streets.

How could that be understandable and how could that be accepted? I can't believe that this is a political issue, when you say that "rich people earned a lot during this period, they should pay a special tax for this one time that would be a lot of money, combined 1 trillion from everyone who owns 100+ million dollars networth, to help people who are starving" is a political thing, that is basically as humane as it gets but somehow right wing doesn't see that as humane but more political.

[Noctis Connor]

I see that lots of people are focusing on the crypto currencies side not because of this pandemic most of them doesn't have work to support them selves and the crypto currency is the best way for them even though they don't have enough skill to learn everything but they do i think 1 month is enough to learn on how to invest, trades and other needs to be done for them to earn money without loosing that much i know it's hard for them to start because most of all country got affected because of it and now looking for something to earn for our financial problem let's say each other will invest there a impact into bitcoin market.

[paxmao]

...Are governments going to burn all of that money they printed? If the answer is no then the price of bitcoin most likely it is going to remain where it is...

Well, yes and no. The price of bitcoin is based on supply and demand. We know that the supply is quite limited and is usually kept by "hodlers" that are many times used to the rollercoaster of the bitcoin price.

However, bitcoin has become a alternative asset insofar as the large investors, that is, it is an alternative to bond, stocks, options, warrants,... In that sense, if the inflation rises bitcoin may go up, but if the interest rates go up in response to inflation, some of the bitcoin capital may swing to bonds. This is a well known phenomenon in stocks.

I said yes and no because the correlation is not always perfect
 

[Shasha80]

I think Bitcoin's development and Bitcoin price will probably decline a bit after the pandemic. Because maybe many people will return to investing
in other assets, such as the stock market price will also rise again soon. But because Bitcoin also has strong fundamentals, with many institutions
joining in. So I'm sure the enthusiasm for Bitcoin will remain high as well. Therefore there is nothing to worry about, the price of Bitcoin can still
continue to rise. Because in the end people will be more aware that Bitcoin turns out to provide much greater profits.

[Quidat]

I think Bitcoin's development and Bitcoin price will probably decline a bit after the pandemic. Because maybe many people will return to investing
in other assets, such as the stock market price will also rise again soon. But because Bitcoin also has strong fundamentals, with many institutions
joining in. So I'm sure the enthusiasm for Bitcoin will remain high as well. Therefore there is nothing to worry about, the price of Bitcoin can still
continue to rise. Because in the end people will be more aware that Bitcoin turns out to provide much greater profits.

Wont say so because once they had discovered this market and this is the place on where they do somehow make money when theres a pandemic then its really hard
for you to forget on when you came from or where you do able to sustain yourself when you are in need.When it comes to adoption then theres no doubt to that because
it will surely gradually increase overtime or as the years passed even lets say that people are turning back to traditional investments or markets that we do know.
Bitcoin doesnt depend nor correlate on what are the external situations we are facing on, one things for sure is that it really grow no matter what.

[Oceat]

we already have a btc before the pademic began and we have good and bad times so maybe the old life that we have before are going to repeat ? fine i have no problems or complains to that infact i like the simplicity that we have before .

less issue , less scams , uhm and maybe lesser btc price ? but not the extent that it wasnt really profitable but theres always a way that the price can be worked out without the help of pandemic

Do you think this pandemic has a great impact on the Bitcoin market? And I think Bitcoin is already moving forward for the "it's a scam" era when people do start to appreciate it even if there's a hindrance to most of the social media and news before.

This pandemic has nothing to do with the price of Bitcoin it's the results of the Bitcoin halving that most people are waiting to happen. It just happened that the pandemic is actually helping Bitcoin to appreciate because most people are using digital money due to lockdown that banks are having a limited people to come.