Does Covid-19 affect On Bitcoins

[Shamm]

Does Covid-19 affect Bitcoins?

  I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.



What happen to Bitcoin if this pandemic did not solve?

  I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.


Does every people in the world participate bitcoin during pandemic?

   Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.Not at all people using Bitcoins because they think it's hard and maybe they think also is harmful to them due that rear in there place.

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[spyderbilt]

if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.
2. bitcoin will be easy to pump, because many people are in bitcoin and they transfer assets to bitcoin.

these two points can be an early prediction of how the pandemic will affect bitcoin. but in my opinion the most important thing is how the correct pattern of bitcoin movement in the future is most important.

[Koro-Sensei]

Does Covid-19 affect Bitcoins?

  I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

Of course it does. Before the pandemic, price of BTC was around less than $10K. During COVID cities were lockdowns and people were at home probably using phones all day and stuffs like that and by that many people were now exposed to BTC news all over social media added by institutions entering the space and that's were people rallied too.

What happen to Bitcoin if this pandemic did not solve?

  I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.

It would still be popular and its price would still be rising. FUD's are inevitable but still I believe BTC will still be on 50K mark within the year if pandemic still exist and if vaccines weren't still available.

Does every people in the world participate bitcoin during pandemic?

   Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.Not at all people using Bitcoins because they think it's hard and maybe they think also is harmful to them due that rear in there place.

Of course it does not. Many people are still in the rural areas where technology are not that being utilized. Even in USA, only 6% of their total population are using cryptocurrency. How much more in other countries who have less knowledge about this.

[avikz]

I think bitcoin was positively affected due to the Covid crisis. We have experienced a great new peak of 60k during this crisis only! When US government started sending 1200 usd to their citizens as financial help, Coinbase reported a series of 1200 usd deposits to buy bitcoins from us clients. Many companies started investing in bitcoin during this time only including Elon's Tesla. So it is indeed all positive for bitcoin. With the world population sitting at home, people got more time to learn about it and invest in it. We have also see a NFT revolution during this pandemic. So it is all positive!

I believe, this trend would continue because its adoption is consistently growing, even though the market remains volatile!

[jcojci]

No, bitcoin will not stable in this pandemic. The volatility will continue like this and in the long term and we will hard to predict accurately.
That depend on how good people respond to bitcoin. If they see bitcoin can be the new way to make money, they will use bitcoin. Otherwise, they will not touch bitcoin at all. If you mean the value of bitcoin is the price, I doubt that the price will consistenly stay at this price. The price will always change, especially many people predict the price can hit more than $100k in the next years.
Most people still not seeing bitcoin as a new way to make money instead using the old way to make money. But sooner or later, when they feel desperate using the old way, they will try the new way to make money. People need more education about bitcoin because they are not aware with the growth of the technology, especially in the develop country or backward country that do not have better infrastructure.

[blue_nexus15]

Does Covid-19 affect Bitcoins?

  I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.



What happen to Bitcoin if this pandemic did not solve?

  I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.


Does every people in the world participate bitcoin during pandemic?

   Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.Not at all people using Bitcoins because they think it's hard and maybe they think also is harmful to them due that rear in there place.

Bitcoin cannot be affected by the pandemic covid 19.
Humans are the smartest, any past pandemic like A/H1N1, Ebola,Pandemic... are solved though, covid is very It took time to find a 100% effective vaccine.
Not everyone, but they approached crypto civilization with a different position, different perception, different thinking about the characteristics of bitcoin.

[tranthidung]

What happen to Bitcoin if this pandemic did not solve?

  I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.

You used conflicted words. Stable, volatile, consistently that make your first paragraph is unclear in its meaning.

Does every people in the world participate bitcoin during pandemic?

   Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.

The fact is Bitcoin goes to mainstream since 2020 and I am sure more people on Earth began to join bitcoin market since the last year. You are arbitrarily using 50% to make your statement more impressively. I don't believe the real figure is close to 50% and don't believe you read it somewhere else then mentioning it in your topic.

The pandemic makes people understand more about the traditional financial system and the intrinsic hyper inflational characteristics of fiat currencies. QEs give people more money and unofficially give them reasons to join cryptocurrency.

How the world compete with the pandemic; How long will it take to end the pandemic; How serious are pandemic effects on societies, financial systems after all. Many factors will raise awareness of people about Bitcoin inflationary supply and its scarcity. With or without pandemic, people will be more awared of such. Fortunately, the pandemic boosts the awareness much faster.

[cheezcarls]

I honestly don’t think that COVID-19 has something to do with Bitcoin’s price movement. At first, we thought that BTC would plunge like the stocks due to the pandemic as they claimed that this would become an economic reset. However, expect the unexpected. BTC goes the other way around and it even pumped up to almost $65k before corrected to $30k, and now we’re at $45k range as of this time in replying to this post.

So nope, COVID or no COVID, BTC’s price isn’t linked or attached to the worldwide situation that we’re in.

[mrongos]

The pandemic has brought us all into a slump, all assets are closed, our activities are limited, large companies suffer losses, the world economy is weakening, it can be said that Covit 19 has a major impact on bitcoin, because the exchange of bitcoin to fiat currency will be limited by the government, because the state's finances are running low.

[Ayiranorea]

Covid-19 has affected the progress of Bitcoin on the positive note. The userbase have increased drastically as a result of pandemic which made people to do everything online. Compared to the previous years of market adoption and usage, Bitcoin usage in the last two years have increased to the peak. I'm sure about the market price of bitcoin to stay around $25k to $30k if the covid-19 spread hadn't taken place.

[Pmalek]

if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.

Bitcoin will not be destroyed. The global epidemic has been in the center of attention since March 2020 and as you can see, Bitcoin is still going strong. It even reached a new all-time-high in the middle of the pandemic. The initial reaction was very negative and in line with what the traditional markets were experiencing as well. At the beginning of March 2020, bitcoin dropped from $9.000 to $5.000. But little by little, it recovered to the point where we are now. There are absolutely no indications that the pandemic will signal the end of Bitcoin as we know it. 

[swogerino]

Bitcoin will get its glory and the glory to Bitcoin is in its way.The pandemic is almost resolved,they throw the new variants but the vaccines seem to be effective to them,at least in my country the Pfizer vaccine is effective against any variant of the Covid-19 that we know of.This pandemic does not affect Bitcoin at all,in fact during the pandemic Bitcoin had its all time high of more than 64K during April-May 2021.Not everyone knows about Bitcoin even in pandemic but the people that have come to be acquainted with Bitcoin during this phase surely have seen an increase.

So in the end Bitcoin is immune to any pandemic and this was proven from the Covid 19 one.

[Wexnident]

Does Covid-19 affect Bitcoins?

  I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

I mean it shouldn't, it's a coin that is not really backed by any physical company and is only affected by supply and demand and is located on the internet, unless covid has a digital variant virus, then it shouldn't be possible.

What happen to Bitcoin if this pandemic did not solve?

  I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.

Nothing. Honestly, even without the pandemic, the current progress would still have continued (maybe except for that sharp drop when covid went and spread into a lot of countries.

Does every people in the world participate bitcoin during pandemic?

   Not all people participate in bitcoin during pandemic but if we compare before and after pandemic I assure that during pandemic time Bitcoins is one of the source of income to some people in the world and I think 50% people will participate in bitcoin inorder to live and earn money even if pandemic.Not at all people using Bitcoins because they think it's hard and maybe they think also is harmful to them due that rear in there place.

Bitcoin isn't some magic place where people can earn money man. People may have earned a lot in Bitcoin, but the same could be said to be those who lost a lot. When someone earns in trading, someone loses, so really, it's not and shouldn't be a "source of income" for those non-traders, well at least, not the main source.

[Dadan]

I think bitcoin was positively affected due to the Covid crisis. We have experienced a great new peak of 60k during this crisis only! When US government started sending 1200 usd to their citizens as financial help, Coinbase reported a series of 1200 usd deposits to buy bitcoins from us clients. Many companies started investing in bitcoin during this time only including Elon's Tesla. So it is indeed all positive for bitcoin. With the world population sitting at home, people got more time to learn about it and invest in it. We have also see a NFT revolution during this pandemic. So it is all positive!

I believe, this trend would continue because its adoption is consistently growing, even though the market remains volatile!

I agree with you.

I had completely opposite opinion at the end of 2020. I predicted the price would crash because people need cash and bitcoin is not really a safe investment. I was really surprised when the price surge in the beginning of January hitting $40k. Then it goes on with Elon and so on. I also searching news about that $1200 stimulus money and it’s true. For NFTs, I think it’s still a bit controversy because people still debating the ownership, authenticity, etc.
I actually believe when the bearish season start that the price would touch at least $25k at the end of July or beginning of August, but again, it’s only $29k and the opposite the price hike again until $40k.
So yes, this pandemic time bring a lot of money not only to Bitcoin but also crypto market in general.
I really need to observe and analyze more haha, really have bad judgment.

[stadus]

All the effect I know is very positive, when covid-19 was discovered, there was a little panic in the space but eventually, it resulted to a more positive trend, that's because people now are more focus in the online world for whatever transactions they will do and they find crypto as a good investment.

Remember that the new ATH which was at over $60k was achieved during the pandemic, that explains how positive the effect is.

[ChiBitCTy]

I'm not sure that the Covid-19 pandemic had much of an effect on bitcoin and it's bottom line.  I guess if anything the Covid-19 pandemic had a positive effect on bitcoin for a few reasons.  First many people were at home, not spending money on vacations, at the bar etc, so they had more accessible income..so many used it to buy bitcoin.  The US government gave away 3 stimulus checks and I know that many were used for buying bitcoin.  Not to mention we saw bitcoin all time high of 62k or so during the pandemic.

[harizen]

Does Covid-19 affect Bitcoins?
I think Bitcoins will be still stable and nothing effects in Covid-19 .and the thing we thought about Bitcoins that it is an Volatile and unpredictable are still continues.

During the first global outbreak of the pandemic, cryptocurrency blooms. One of the performing industries that withstand the wrath of a global pandemic.

However, there is no correlation between Covid-19 and bitcoin's volatility.

I think Bitcoin will be spread along the way and the population of Bitcoins will be long and infinite an the value maybe down and decrease due that maybe Bitcoins can notice that more people use it in time of pandemic. But we're hoping that the value of Bitcoins are consistently.

With or without pandemic, Bitcoin's adoption will take place, even slowly but surely. It will continue to move forward, ups and downs along the way and you should always expect that.

Bottom line, the pandemic might have an effect on Bitcoin but it doesn't have that impact to truly change its usual market behavior.

[Meysa_richa]

At a time when everyone's activities are limited due to regulations by the state due to the Covid-19 pandemic, it makes people think hard to keep getting jobs because their activities are limited and people are required to work from home. 
From that many people started to learn Cryptocurrency, Bitcoin and other coins. They started to learn about profiting from this Crypto, and that got more and more people into Cryptocurrency.
And of course this has a big influence on Cryptocurrencies, Be it Bitcoin or other coins.

[BOAEDAN]

it could be said, covid 19 had an effect on bitcoin, because when the world economic pandemic began to collapse, the price of bitcoin began to fall, because the exchange of bitcoin to fiat currency would be very influential, because bitcoin and fiat currency always coexist, so if fiat currency starts to collapse, automatically the bitcoin exchange itself will have an effect too..

[Anonylz]

Maybe the pandemic is a blessing I'm disguise in regards to btc and people paying attention to it! During the pandemic that resulted to a forceful lock down, many people lose their jobs, this situation also several to find comfort in online jobs and investment which has been very beneficial and helpful, thus I don't think Covid-19 will have any negative impact rather it will help people to look elsewhere.