Bitcoin after the pandemic

[cabalism13]

We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017...

Hey, you've got a point there... it was indeed after a year when the bull run happened and it's almost the same thing right now...
But does this means we are to expect that bitcoin will have to hold on the 40-50k range of value for the upcoming 3 years? Or it really might reach that 100k this year?
Hmmmm, so to sum up pandemic was really a help on this event,...

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[LUCKMCFLY]

In the midst of pandemic, Bitcoin has taken its new ATH incredibly, many say that 2017 may repeat, but I think not, the circumstances are different today, and in these times it cannot be compared, what can give a better result is When the pandemic is completely eradicated, at that moment the price of Bitcoin can give a new ATH due to emotions, because the investments that are going to be made have a higher level of confidence than for many, bitcoin represents.

Some have diversified into Bitcoin and Gold, and when normal conditions begin they will not hesitate to buy more, at least many have more confidence in btc than in the same FIAT money.

[dupee419]

Yes, the pandemic was a factor indeed on why Bitcoin's price went up, however, it would be the other factors like the ones you mentioned above, the US stocks and also the elections, and up until now, it is still moving, although it would be much better after the pandemic, once people can move much smoother, Bitcoin could go either way.

[Swopon]

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.

Exactly, there are many people now who involved with cryptocurrency in this pandemic. Before pandemic, they don't even know how it works and what it actually is. Pandemic played a great role here to spread it. New joined maximum people is known Bitcoin as a bullish thing which will make them profit anyway after some days. But they don't know the real thing which can be happened anytime. After pandemic, hopefully they will see the real scenario of Cryptocurrency.

[RealMalatesta]

We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017. Pandemic had it own positive to the market because of the contact of effected fiat but I think that isn't the case now because reduction of cases and so many means of avoiding the spread including social distance.

Therefore it can't be all reasonable that covid-19 is pushing up the price of the market but big investors are in the market because of the awareness level of decentralized system and blockchain.

Halving was a big major reason why it increased, but the pandemic played an involuntary part on the increase as well. We have to see what it is and we can say that it is actually something that would be actually quite good for bitcoin and all the other markets as well. I say that halving played a role, pandemic played a role, elon played a role, grayscale played a role, microstrategy played a role as well.

Basically everything in the world played a role so there is really nothing that would be shocking and they are all parts of bitcoin and that is why I think we can't say that "this was the reason" or "this wasn't the reason" they all played a role together and all increases are part of each of them.

[hongchao123]

Im not sure that people will leave crypto after pandemic. They liked their earnings too much

[dkbit98]

I would not worry about that because I don't expect to see this pandemic going away any time soon and I even saw that Guardian is writing articles that we need pandemic-like events every two years to reduce CO2 emission.  
So with all this anti-CO2 agenda, that btw we all bread out and plants use to live, we can see something like restrictions for Bitcoin mining that can affect BTC more than pandemic.
Unrelated to pandemic, printing record amounts of dollars and other fiat currencies is happening and that is good for Bitcoin.

[michellee]

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.

Bitcoin will grow more than now, especially if many new people still use bitcoin and try to make money from bitcoin. Maybe we will see those people try to trade to make money or do something that can make them make money. After a pandemic, people will not just have a chance to use digital money from their country but can have the opportunity to have a new type of investment. I am sure that will have a big impact on the market because we can see many new people will see the market is a big chance to make money., so they will following previous people to trade. I think that will be a positive signal for bitcoin and altcoin as people will see that the cryptocurrency will not just have bitcoin but there is altcoin that can help them earn bitcoin as a profit.

[TheNineClub]

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.

It really depends if you subscribe to the theory of a Super Cycle or regular cyclic movement of the market. If the SC theory is correct, then Bitcoin will continue to rise even after the Pandemic is over, but the Pandemic itself is just one of the factors involved in it, and I would argue it has the smallest contribution. So far the market has not shown any unpredictable rises, nothing that can't be contributed to the systemic push towards legalization of Bitcoin and more institutional investments. Did people start using crypto more during the pandemic? I don't think they did, I just think this is more the reflection of the rise of bitcoin and will probably drop significantly when the price corrects itself.

[ven7net]

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.

I think this question is difficult to answer, since we cannot know the future 100%. But if now the United States and other countries are printing money in order to hold back their economies, then part of this money will go to BTC and other cryptocurrencies, which means that they will grow in price. As for the pandemic, after its end there is a possibility that money will be needed and many will start selling cryptocurrency, which will accordingly lead to a drop in prices. Again, this is my assumption and everything can happen in a completely different way. In any case, you need to always be on the lookout and if something happens to have time to react correctly.

[Haunebu]

The pandemic helped the cryptocurrency market in a major way for sure, but it also helped highlight the various major issues related to popular cryptocurrencies like BTC and ETH.

Many cryptocurrency investors including me these days prefer using altcoins like LTC and XRP due to the fast TX times and low fees in order to avoid the high fees and long TX times associated with BTC and ETH.

Overall, rising prices and market cap sound great, but we need to focus on minimizing these issues through solutions like the LN, Bech32 addresses etc.

[jaysabi]

While the pandemic being over and brick & mortar stores opening up again would definitely be a huge net positive for the markets in general, it's not like going back to normal would undo all the quantitative easing that has occurred.

While going back to normal would definitely affect most US stocks positively, not really sure about bitcoin because some people might fomo back into stocks. Just a rough guess. I ain't selling though, as per usual.

Bitcoin largely just traces what tech stocks do these days and in the same proportion for the most part. March 2020, the market got hammered and bitcoin along with it. Since all the QE since then, bitcoin is up about 5x, the same as the volatile tech stocks that are mostly in the 4-5x range. It hasn't differentiated itself and acted as a "safe haven" any more than tech stocks have, which are definitely not a safe haven.

[Granxis]

Small investors increased all over the world due to the pandemic and in fact, the monetary aid made by the states due to the pandemic became a source of crypto money and most of the people have lost their jobs, and people are trying to make money with stocks as weel as people have experienced cultural change.

[XCANA]

Based on what we saw during the pandemic that collapsed the world economy to zero level, that make bitcoin price stable and steady through out the pandemic. The attitude of bitcoin price during the pandemic, show that before the end of this year 2021 bitcoin price will hit $100k. Many people join bitcoin investment base on what they saw for the one year covid-19 trouble the world economy, that was making bitcoin to pump as never before in the exchange market.
Bitcoin after pandemic will be great to those who believe so much on their personal research. Few months ago bitcoin price just hit $50k to show that this season we are is a good season to those who really believe on their investment. .

[Ibrahim60]

In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

[tippytoes]

In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

Indeed, the pandemic brought a lot of positives in the crypto market. We thought that bitcoin will continue to go down last March of last year, when the lockdown first started. But fortunately, it is the other way around. As months passed, people were stuck at their homes, nothing to do but stayed more online. And that's when halving occurred. And good things happened one after another. Up until big platforms announced their bitcoin buying as well as integration of crypto in their system like PayPal. This pandemic really did give positive impact to crypto. And we are still enjoying this up until now.

[AndySt]

In the time of pandemic so many people start trading with Bitcoin. So many people newly know about Bitcoin. After pandemic bitcoin price increase enormously. It was hit 50k. After pandemic New people start using Bitcoin. New people start investing on Bitcoin. For those reasons Bitcoin price still volatile and increasing.

Indeed, the pandemic brought a lot of positives in the crypto market. We thought that bitcoin will continue to go down last March of last year, when the lockdown first started. But fortunately, it is the other way around. As months passed, people were stuck at their homes, nothing to do but stayed more online. And that's when halving occurred. And good things happened one after another. Up until big platforms announced their bitcoin buying as well as integration of crypto in their system like PayPal. This pandemic really did give positive impact to crypto. And we are still enjoying this up until now.

The whole question is how long this positive trend will continue and what will happen when the economy enters a phase of stabilization and such protective assets will not be so popular.
I perfectly understand and see why bitcoin is growing and should continue to grow further, but the question arises whether the pandemic has caused excessive growth of bitcoin and excessive overheating of the market, and whether we are then waiting for a drop in the exchange price several times as a result of an imminent correction.

[AniviaBtc]

While going back to normal would definitely affect most US stocks positively, not really sure about bitcoin because some people might fomo back into stocks. Just a rough guess. I ain't selling though, as per usual.

Things can somehow go back to normal when people are just holding their coins, although most of the investors are doing it right now, we should see what will happen when things go back to normal. Also I think that this pandemic pushes bitcoin to bull run, not directly but there is a factor. But no matter what happens, I will just secure my coins, buy at low just like what we are doing. My mindset is to wait for my goal for bitcoin to reach $100k no matter how long it is depending on my situation. Being knowledgeable and open-minded in cryptocurrency investment and blockchain technology is really what keeps me to improve every single day. Hoping that this pandemic ends so that we can see how bitcoin will adapt to the market after "x" years of lockdown.

[satsmainman]

Although i would agree that the pandemic and the associated global lockdowns has in a way contributed to the spread of awareness on BTC and decentralization, i do not think the end of the pandemic would affect BTC in a negative angle rather it would contribute to make the awareness gets more matured as the technology adoption will begin to become more and more popular.

[cabron]

Although i would agree that the pandemic and the associated global lockdowns has in a way contributed to the spread of awareness on BTC and decentralization, i do not think the end of the pandemic would affect BTC in a negative angle rather it would contribute to make the awareness gets more matured as the technology adoption will begin to become more and more popular.

The adoption may not be just BTC but other cryptocurrencies as well. The pandemic may not really end this year or next, and so it will take a long time giving BTC the chance to be widely known. Making transactions through cryptocurrency could become a normal activity which by the end of the pandemic its not going to affect BTC anymore.

The normal we know before Pandemic wouldn't be the norm for the kids today, most if not all are just holding their gadgets to go school. Some of them will be comfortable that way and will probably continue the online school as well after this pandemic.