Does the epidemic have a big impact on Bitcoin?

[oemar bakrie]

public panic because the impact of the current pandemic cannot change the selling value of bitcoin, it's just that they are affected and panicked to sell but I'm sure everything will run normally even though the economic movement is a little shaky with the belief that bitcoin will prosper..

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[Kimonoe]

public panic because the impact of the current pandemic cannot change the selling value of bitcoin, it's just that they are affected and panicked to sell but I'm sure everything will run normally even though the economic movement is a little shaky with the belief that bitcoin will prosper..

only psychologically weak people would panic to sell it. if you look at the current itcoin has reached a decline of more than 50%. and that means that now is precisely the time to buy bitcoins. and I don't think this epidemic condition will affect the development of bitcoin, unless the condition has become a crisis, if it lasts a long time and society begins to experience economic decline

[jinneas]

The epidemic has an impact on Bitcoin and the crypto market. Most people stayed at home during the epidemic, and they could learn about Bitcoin through the Internet. At this time, they would choose to invest in Bitcoin if they had no normal work income. They learn to study market fluctuations and price trend icons by themselves, and use their own judgment to invest in Bitcoin to make a profit. More people's recognition of Bitcoin is also beneficial to the Bitcoin market.

[Robinson66]

The epidemic will have a certain impact on Bitcoin, because it is the epidemic that has allowed many people to understand cryptocurrency, enter the cryptocurrency market, and understand the concept and knowledge of cryptocurrency. Because they have no income at home, they can have money by investing in cryptocurrency additional income. But if there is negative news about cryptocurrencies, they will sell their coins as soon as possible.

[bitterguy28]

public panic because the impact of the current pandemic cannot change the selling value of bitcoin, it's just that they are affected and panicked to sell but I'm sure everything will run normally even though the economic movement is a little shaky with the belief that bitcoin will prosper..

Panicked only happen in the beginning but look at the effect ? Bitcoin made its way to break and make another ATh multiple 3x  from the last ath happen in 2017.

The epidemic will have a certain impact on Bitcoin, because it is the epidemic that has allowed many people to understand cryptocurrency, enter the cryptocurrency market, and understand the concept and knowledge of cryptocurrency. Because they have no income at home, they can have money by investing in cryptocurrency additional income. But if there is negative news about cryptocurrencies, they will sell their coins as soon as possible.

Yeah this is the positive effect and nice to hear it from you.

[randegibran]

we all also know that in the midst of a global pandemic that hit the world will also greatly affect any form and business, including in the crypto world because with the pandemic that is sweeping the world today, the number of declines in bitcoin prices on the stock market has increased, what more routines are all limited, but we are very confident that this will recover and the economy will return to normal including the crypto world

[Tigerheart3026]

bitcoin massive adoption happen in the pandemic situation, for the long time lockdown in many countries, maintaining social distance, so there no way to buy our daily needs from physical shops.
so naturally everyone was depend on to use virtual money. when we see why need and importance of bitcoin adoption. i spend most of the time for bounty work. pandemic made a huge impact on bitcoin.

[Ryker1]

Well, I think this currently pandemic happened was contributed a lot to increase the price of bitcoin, people are using digital currency and one of the best alternative digital currency is a cryptocurrency and the most leading cryptocurrency is bitcoin no doubt it will really help the price boost too much during the pandemic period. Perhaps because using physical money was not a good idea during a pandemic, it will trigger the virus that will spread more and another conclusion is most people are at home, they use bitcoin to make money like trading and gambling, so it has really had an impact to the crypto price this pandemic.

[CaVO32]

Well, I think this currently pandemic happened was contributed a lot to increase the price of bitcoin, people are using digital currency and one of the best alternative digital currency is a cryptocurrency and the most leading cryptocurrency is bitcoin no doubt it will really help the price boost too much during the pandemic period. Perhaps because using physical money was not a good idea during a pandemic, it will trigger the virus that will spread more and another conclusion is most people are at home, they use bitcoin to make money like trading and gambling, so it has really had an impact to the crypto price this pandemic.

The reason why crypto market boosted its popularity during this pandemic is because people or merchants are looking for alternative payment systems for cash. And crypto or bitcoin in particular is one good alternative that they see during this challenging period. And besides, during this pandemic a lot of people were stuck in their homes, and they found out that crypto market is one good option for them to earn money like participating in trading or just holding some of the crypto. So they have a lot of time to read more about crypto. I can say, there's positive impact in crypto even if we say we have this pandemic.

[gundala]

Well, I think this currently pandemic happened was contributed a lot to increase the price of bitcoin, people are using digital currency and one of the best alternative digital currency is a cryptocurrency and the most leading cryptocurrency is bitcoin no doubt it will really help the price boost too much during the pandemic period. Perhaps because using physical money was not a good idea during a pandemic, it will trigger the virus that will spread more and another conclusion is most people are at home, they use bitcoin to make money like trading and gambling, so it has really had an impact to the crypto price this pandemic.

if it is used as an alternative payment to reduce physical contact, it seems that e-money is more widely used. we know that the adoption of crypto as a means of payment is not yet widespread right? so it seems that the second reason is more appropriate, where people are looking for alternative income through cryptocurrencies, whether trading, investing, and so on.

[verita1]

On March 11, 2020, the Covid19 pandemic was declared worldwide. If we observe a Bitcoin chart and take a look at its price. We can realize that it survived and has responded effectively to all events that have passed. There is no doubt that we have lived the worst moment of humanity and best of all is that we have overcome it.

Bitcoin will survive for a good purpose worldwide.
Many doubts will come to Bitcoin but if people who still do not know, they try at least some of their benefits, they can realize that all the principles are true for which it was created.

History has not changed is repeated in all corners of the planet because those who had to defend our rights ignored us because they preferred to accumulate riches behind their people. Since its Bitcoin conviction offers freedom without borders that give solutions to the most oppressed people. But these people need the light of knowledge to see that freedom.

[Vaskiy]

The prevailing scenario around the globe has changed drastically due to the pandemic. This hasn't left the cryptocurrency as well as the digital growth.

With cryptocurrencies it has made a positive impact, because during the lockdown people are restricted to live within the limited circle and there is very less money flow. This can't be boosted within a short. By the time people are in need of money and the same has driven them towards cryptocurrency and very few have understood well about the technology and has started using it.

[DOH!]

In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?

I think you are just calculating the bottom of a problem, in my opinion in the context of the covid 19 epidemic that is still raging around the world and most recently the Delta variant,... the current vaccine only holds up. 60% for this variant, and it's unlikely we have other, more dangerous variants. What will you do to make money, invest, build needs when frozen at home??? That's what I mean, bullish on bitcoin and totally positive. Lol

[Dewi89]

I think you are just calculating the bottom of a problem, in my opinion in the context of the covid 19 epidemic that is still raging around the world and most recently the Delta variant,... the current vaccine only holds up. 60% for this variant, and it's unlikely we have other, more dangerous variants. What will you do to make money, invest, build needs when frozen at home??? That's what I mean, bullish on bitcoin and totally positive. Lol

In crypto there are many ways to make money but don't compare us to real world jobs. Even though during the pandemic we can earn a lot of money without disturbing the investment value, we work hard for trading, bounties and airdrops as our main work. Our finances have increased 10x more than doing real world work.

[KevinRosa]

In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?

The impact of this sudden global epidemic on Bitcoin is huge.

This epidemic has not only caused the economy to continue to decline, but it is also changing people's ideology. I have another view that the epidemic is more like the earth's self-repair, because the economic damage to the global ecology has reached its peak.

• The epidemic has caused an economic downturn. The government represented by the United States prints money at any time according to its own wishes to stimulate economic recovery and lead to inflation.
  
• Investors' concerns about rising inflation, depreciation of the U.S. dollar, and declining purchasing power have prompted them to buy Bitcoin to preserve the value of the currency to hedge against any possible future declines in the U.S. dollar.
  
• Bitcoin, which is based on cryptography, computer science, and smart contracts, provides a stable and planned supply of Bitcoin. Currently, within the mining reward mechanism, an average of 6.25 new Bitcoins can be generated every 10 minutes. The supply of this currency can be controlled and inflation can be curbed.
  
• As a result, more people know and are familiar with Bitcoin. El Salvador is the first to use Bitcoin as a legal currency, followed by Paraguay. I believe that with the gradual opening of sovereign state policies, it will be more friendly to Bitcoin, and Bitcoin is legalized and standardized. The development has increased the confidence of traders and investors in Bitcoin, which has contributed to the influx of capital from various investment institutions and hedge and retirement funds into Bitcoin investment. The future will be very good
  

In the last sentence, this global epidemic is a fuel and accelerator for the development of Bitcoin. People all over the world often make the right choice when it is most difficult.
When God closes the door for you, he will open a window for you.

[Xinarae*]

Although bitcoin had an impression within the youth of the epidemic people are now finding new opportunities to form money by sitting reception within the lockdown. By investing in bitcoin they need been ready to overcome their crisis easily there's little question that cryptocurrency or virtual currency will change the economic landscape of the planet virtual currencies have already begun to be approved during a controlled manner in many countries. Virtual currency are often introduced in our country during a special constitutional way.

[Ausgewielt]

This pandemic prevent people to do face to face transactions which mean that it will cause bad impact to the world economy. Bitcoin as digital currency ease people to do transactions a lot easier than bank transfer. I think mamy investors see this potential and then start to invest in bitcoin. Even we know that more popular people such as Elon Musk also buy btc although some people think that he only want the profit. But beside that I think he make more people start to invest in bitcoin, that is the positive thing. This pandemic is very bad for the world economy growth but I think it give big good impact on bitcoin.

[taufik123]

The impact of the pandemic on bitcoin has made bitcoin increasingly known to many people. Many new players are entering and investing in bitcoin. The surge in bitcoin prices also occurred during the pandemic so it could reach new ATH. But despite having a positive impact on bitcoin, the pandemic is still not over. The pandemic is a major problem today. The economy is declining. For those who understand and know about bitcoin and how to make money from the sitting table, they certainly won't be so affected. But this greatly affects ordinary people who do not understand the virtual world.

[TheGreatPython]

In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?

You mean the pandemic? It did affect Bitcoin and other cryptocurrencies. I believe you must have noticed how the market was very low at first, even after the halving has taken place. A lot of people never even expected the bull run, because most of them thought that it was something that was going to happen when we start approaching the date for the halving, but it never happened that way, rather the way it happened, it was totally different.

People did sell their coins because of how hard things were during the pandemic, and that was the talk for most people, they just want to sell since they felt it wasn’t moving. But one thing that’s normal with Bitcoin is a rebound. If you ask me whether the pandemic affected Bitcoin? Yes it did.

[cunguks]

This pandemic prevent people to do face to face transactions which mean that it will cause bad impact to the world economy. Bitcoin as digital currency ease people to do transactions a lot easier than bank transfer. I think mamy investors see this potential and then start to invest in bitcoin. Even we know that more popular people such as Elon Musk also buy btc although some people think that he only want the profit. But beside that I think he make more people start to invest in bitcoin, that is the positive thing. This pandemic is very bad for the world economy growth but I think it give big good impact on bitcoin.

Your understanding of bitcoin transactions that are easier than bank transactions actually only applies to players in the crypto market.
while for the general public, the digital fiat they use is very safe. the use of a bitcoin wallet that not all have is a constraint. Moreover, not all platforms in the community accept crypto.
indeed we know how the growth of bitcoin when this pandemic takes place. It's amazing when world stock prices are mostly down, but in the crypto market, everything is experiencing an increase in adoption. this is really amazing.