Does Covid-19 affect On Bitcoins

[glendall]

from my observation, the pandemic may havenot  an impact on Bitcoin .but there is no such impact market for extraordinary market behavior in the next 1-3 years where btc. can get a new ath this year.
but if next year the covid pandemic is not over, bitcoin may fall again because the world economy will definitely be more difficult than the previous 2 years

[fiulpro]

Ofcourse
I do believe that COVID-19 affected everyone especially bitcoins. But it was more or so positive. At the end of the day people had to rely on more non traditional things and bitcoins and other cryptocurrencies were one of them.
- There were more options available for everyone to do online jobs, to gamble online, to pay international fee etc. When it came to cryptocurrencies like bitcoins.
At the same time during the quarantine many governmental bodies started introducing crypto gambling and started legalizing them, ofcourse there was a huge tax involved but at the end something is better than nothing.
I do think that covid-19 had a positive effect on bitcoins and other cryptocurrencies, it made people realize what really important is.

[Slow death]

this pandemic has forced many people to stay at home and without a job, I think as people have to stay at home because of the lockdowns and without a job a lot of people started looking for more ways to have money in and bitcoin must have been way that many people found from investments, and also many news channels started talking about bitcoin in this time of pandemic which created more exposure

but if next year the covid pandemic is not over, bitcoin may fall again because the world economy will definitely be more difficult than the previous 2 years

all countries in the world are vaccinating a lot and this will allow life to return to normal next year

[Shasha80]

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.

the bitcoin price will not be affected by Covid-19 because the bitcoin price goes up and down is determined by the buyers and sellers.
I think the Covid-19 virus only affects the people's economy, so those who intend to buy some bitcoins but their intentions fail because Covid-19 has brought down their economy.

It's true that Bitcoin's movement will not be affected by COVID-19, even if we pay attention to it since COVID-19 came, Bitcoin price is increasing
in price. This year alone the price of Bitcoin can reach prices above $60k, even though COVID-19 is not over. This means that Bitcoin price movements
are not affected by COVID-19, because from the start Bitcoin has moved based on supply and demand, that's what makes Bitcoin able to survive
in a pandemic situation like now. Even COVID-19 made the economy crash, so I agree some people put off their intention to buy Bitcoin. Whereas
with Bitcoin's excellent performance in the current situation, everyone should be forced to buy Bitcoin with the extra money they have. So that
in the future, they can get a big profit from Bitcoin.

[Imran232]

In my opinion i think covid is the reason for bitcoin total hype in 2021. I think only best thing happen in the world in this covid which is bitcoin hype. Lots of people i mean alot of people introduced themself with bitcoin in this pandemic. Maximum of people’s reason they lost their job now they want a place Where they can invest their money they can't depend on stock market because of pandemic the company status is not good. So stock market quite risky. That's why they comes into bitcoin. Plus there had some biggest influencers who influence people to introduced themself with bitcoin.

So i think covid brings posetive effect for bitcoin still.

[Maidak]

this pandemic has forced many people to stay at home and without a job, I think as people have to stay at home because of the lockdowns and without a job a lot of people started looking for more ways to have money in and bitcoin must have been way that many people found from investments, and also many news channels started talking about bitcoin in this time of pandemic which created more exposure

Indeed, Covid-19 has certainly had a positive impact on the price of Bitcoin. As like jobless people jobholders are also joined with Bitcoin because of Covid-19. After the 3rd halving of Bitcoin, everyone thought that the price would not increase much this year because of the Corona epidemic, which threatened a global economic downturn. But the opposite happened, most investors turned to Bitcoin to protect their investments from inflation, which resulted in Bitcoin's marketcap rising to 600+ US dollars in January this year.

[Kusman]

Actually, this pandemic period was very good for Bitcoin at first. Because there was a lockdown and people were at home. They wanted some new adventures and that's when they met Bitcoin. People started to invest into Bitcoin and there was a very high demand back then. And this reflected on Bitcoin price very positively. We witnessed even a new ATH.

[huu78]

Bitcoin can be a helper during a pandemic. where the current world conditions limit the activities of many people, in this case it also affects the economy of many people out there. Many people are looking for alternatives to make money without having to leave the house or meet the crowd. And what they are looking for is Bitcoin.

[adzino]

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.

Bitcoin was never stable. And the virus won't be effecting bitcoin in any way (other than the price. The first crash we saw during early pandemic days was because of people panic selling). You second statement contradicts the first one....

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.

Lol, no one would worry about bitcoin. Everyone would be worrying about "the pandemic having no end".

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.

Eventually more people will be using Bitcoin or at least invest in bitcoin at one point of their live. Doesn't matter if there is a pandemic or not.

[oktana]

Covid-19 affected Bitcoin and it was positively. While there was lockdown, Bitcoin proved to solve that financial challenge that had to do with exchanging paper money (and possibly spreading the virus). I think this has been discoursed on this forum though. Search and find that thread for more answers.

[yazher]

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.

Despite the economic losses around the world, we still managed to have extra ordinary events in the crypto industry where we managed to have the most ATH in bitcoin history a few months ago. Right now we might not have that highest price anymore but still we are at the high price where we don't have such scenery last year. Now that the price seems to stabilize at that high, we can proudly say that bitcoins price has nothing to do with the pandemic or any variants that it would bring in the future. it doesn't affect it in any negative way.

[Levero]

When covid-19 was discovered, there was some panic in the field at first, but it eventually led to a more positive trend. During this period people may lose their jobs and stay at home most of the time. There will be more time to learn about it and invest in it. If they see Bitcoin can be a new way to make money, they will use Bitcoin. Many companies and institutions also started investing in Bitcoin during this period, so this is indeed positive for Bitcoin.

[VanityWallets2015]

There's a negative and positive effect to Bitcoin. First people sell a lot of Bitcoins due to the crash of the economy and lockdown, second is the investment of a lot of people to Bitcoin and other cryptocurrency because of the lock down, people look for alternative ways of earning and choose to invest in trading since we can all trade or enter market by using internet.

[traderethereum]

Bitcoin can be a helper during a pandemic. where the current world conditions limit the activities of many people, in this case it also affects the economy of many people out there. Many people are looking for alternatives to make money without having to leave the house or meet the crowd. And what they are looking for is Bitcoin.

That scenario will works if people can accept bitcoin and want to try to make money from bitcoin to solve their financial problems.
However, people out there still do not accept bitcoin instead worry about seeing the price fluctuate and think that the risk is too big for them.
If they can search for more information about how to use bitcoin properly or how to make money from it, they will amaze because they can work and earn bitcoin or altcoin and convert it into their fiat money.
They do not have to leave their home and they can use their mobile phone to make money from crypto.

[Dewi89]

Despite the negative impact of selling a lot of bitcoin but no the price did not fall like the price last year but the decline due to the market correction from reaching ATH, the pandemic situation did not have a bad impact on crypto but on the contrary many gold investors have turned to cryptocurrency investments.

[nightxglow]

In my opinion, i don't think that the pandemic has effect on bitcoin, even if it has, I don't think it's that significant. My reason for saying this is, because when I see it, bitcoin price started to increase really high on March, and at that time the pandemic had happened. In fact, march is the month where the first covid-19 cases appeared in my country. So, if pandemic affect bitcoin negatively, of course it won't made the price go up. Meanwhile, there's no proof that the pandemic affect bitcoin positively as well. As far as I know, one of the factors why bitcoin price suddenly went up is due to tesla, elon musk and other influencers.
However, if the pandemic never end, and people economic or financial condition got even worse, of course it will affect bitcoin. People will be forced to sell their btc to live, or they can't even think about investing anymore, even surviving is hard enough. But if the pandemic never end but people adjust or adapt with it already, I believed that it won't be any problem.

[Zedpastin]

I think Covid-19 had a affect on Bitcoin but not like we expected because I expected Bitcoin to suffer from the pandemic but the opposite happened we had a new ATH in the pandemic and I have no explanation why that happened. Maybe people where worried about a economic crisis triggered by the pandemic?

[isaac_clarke22]

~

You're kind of wrong that Bitcoin will be something that could be source of income, OP and please back your 50% statistics that people are gonna look for and invest in it. They are not gonna risk  their money during pandemic just to get losses again.  Even if there are SCs, it is not reliable and stable to carry their needs monthly.

[AicecreaME]

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.

I agree.

During this pandemic, bitcoin becomes more widely known all over the parts of the globe. People have been concentrated on using technology such as the Internet and mobile phone due to safety measures imposed such as lockdowns, wherein people aren't allowed to go out if it isn't for essential purposes. With this, bitcoin users expanded during this crisis. A lot of investors have entered the world of cryptocurrency which I can say is a positive thing for our community because there is higher demand that can cause bitcoin's value to pump.

Regardless of the circumstance, bitcoin will continue to thrive as long as there are investors in the market. Given its limited supply, bitcoin's value will continue to soar in the next months and years. Of course, we still have to be reminded that bitcoin is volatile so always dyor and tayor to avoid losses. I believe this pandemic will soon be over the moment we achieve herd immunity. The discipline of the citizens and proper governance are a must to combat this virus.

And yeah, I totally agree that not everyone will participate in bitcoin investments, trading, and other opportunities because not everyone has the same perspective about it in the first place. Although what I know for sure is that this covid-19 pandemic paved way for more exposure and promotion of bitcoin to the majority. All they have to do is research and study its nature, then, they will discover a lot of benefits it holds.

[carrigan]

Even though bitcoin remains stable during this pandemic, i think the covid-19 pandemic is affecting bitcoin. you can see for yourself that since 2020 the price of bitcoin has increased continuously. plus regulations from the government to work at home and reduce activities outside the home, even some people lose their jobs. this certainly makes some people look for activities that they can do at home and of course produce like this bitcoin investment. therefore the covid-19 pandemic has an effect on bitcoin.